Common use of Vehicle Term Clause in Contracts

Vehicle Term. The “Vehicle Lease Commencement Date” (x) for each Group I Truck (other than an Additional Group I Truck) shall mean the Initial Group I Closing Date and (y) for each Additional Group I Truck shall mean the earlier of (a) the date referenced in the Vehicle Acquisition Schedule with respect to such Group I Truck, and (b) the date that funds are expended by the Lessor to acquire such Group I Truck (with respect to such Group I Truck, the “Truck Funding Date”). The “Vehicle Term” with respect to each Group I Truck shall extend from the Vehicle Lease Commencement Date through the earliest of (i) if such Group I Truck is sold to a third party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account (by such third party or by the Lessee or the Guarantor on behalf of such third party), (ii) if such Group I Truck becomes a Casualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such Group I Truck becomes an Ineligible Truck (other than a Casualty), the date such Group I Truck has become an Ineligible Truck, (iv) the date that such Group I Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such Group I Truck) is deposited in the Collection Account by the Lessee, and (v) if such Group I Truck is a Gasoline Truck, the date that is the first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such Group I Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck (the earliest of such dates described in clauses (i) through (v) being referred to as the “Vehicle Lease Expiration Date”).

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” (x) for each Group I Truck (other than an Additional Group I Truck) with respect to any Vehicle shall mean the Initial Group I Closing Date and (y) for each Additional Group I Truck shall mean the earlier of (a) the date referenced in the applicable New Vehicle Acquisition Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Schedule with respect to such Group I Truck, and (b) Vehicle but in no event shall such date be a date later than the date that funds are expended by the Lessor HVF to acquire such Group I Truck Vehicle (with respect to such Group I Truckdate, the “Truck Vehicle Funding Date”” for such Vehicle). The “Vehicle Term” with respect to each Group I Truck Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Group I Truck Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third partyparty pursuant to Section 2.5, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Lessee or the Guarantor Servicer on behalf of such third party), (iiiii) if such Group I Truck Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a CasualtyCasualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iiiv) if such Group I Truck Vehicle becomes an Ineligible Truck (other than a Casualty)Transferred HVF Vehicle, the date such Group I Truck has become an Ineligible Truckfunds in the amount of the Transfer Price thereof are deposited in the Collection Account by HGI, (ivvi) if such Vehicle becomes a Rejected Vehicle, the date that such Group I Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Rejected Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such Group I Truck) Payment is deposited in the Collection Account by the Lessee, and (vvii) if such Group I Truck is a Gasoline Truck, the date that is the first last Business Day of the month that is 42 36 months after the date of manufacture of month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Gasoline Truck or, if such Group I Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck Vehicle (the earliest of such seven dates described in clauses (i) through (v) being referred to as the “Vehicle Operating Lease Expiration Date”” for such Vehicle).. The “Vehicle Term” with respect to each Vehicle which has a Special Term shall extend through the earlier of (i) the last date of the Special Term for such Vehicle as the same may be extended in accordance with the

Vehicle Term. The “Vehicle Lease Commencement Date” (x) for each Group I BTF Truck (other than an Additional Group I BTF Truck) shall mean the Initial Group I Closing Date and (y) for each Additional Group I BTF Truck shall mean the earlier of (a) the date referenced in the Vehicle Truck Acquisition Schedule with respect to such Group I Truck, and (b) the date that funds are expended by the Lessor to acquire such Group I Truck (with respect to such Group I Truck, the “Truck Funding Date”). The “Vehicle Term” with respect to each Group I BTF Truck shall extend from the Vehicle Truck Lease Commencement Date through the earliest of (i) if such Group I BTF Truck is sold to a third party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account (by such third party or by the Lessee or the Guarantor on behalf of such third party), (ii) if such Group I BTF Truck becomes a Casualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such Group I BTF Truck becomes an Ineligible Truck (other than a Casualty)Truck, the date such Group I BTF Truck has become an Ineligible Truck, (iv) the date that such Group I BTF Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such Group I BTF Truck) is deposited in the Collection Account by the Lessee, and (v) if such Group I BTF Truck is a Gasoline Truck, the date that is the first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such Group I BTF Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck (the earliest of such five dates described in clauses (i) through (v) being referred to as the “Vehicle Lease Expiration Date”).

Vehicle Term. Repurchase Vehicles. The “"Vehicle Lease Commencement Date” (x) " for each Group I Truck (other than an Additional Group I Truck) Repurchase Vehicle shall mean the Initial Group I Closing Date and (y) for each Additional Group I Truck shall mean the earlier of (a) the date day referenced as such in the Vehicle Series 1996-1 Acquisition Schedule with respect to such Group I Truck, and (b) Repurchase Vehicle but in no event beyond the date that funds are expended by the Lessor to acquire such Group I Truck (with respect to such Group I Truck, the “Truck Funding Date”)Repurchase Vehicle. The “"Vehicle Term” " with respect to each Group I Truck Repurchase Vehicle shall extend from the Vehicle Lease Commencement Date through the earliest of (i) if the Turnback Date for such Group I Truck Repurchase Vehicle, (ii) the date the Vehicle is sold to a third party, party through any means other than an auction conducted by or through or arranged by the date on which Manufacturer pursuant to its Repurchase Program and the funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in received by the Collection Account Trustee (by from such third party or by from any member of the Lessee or the Guarantor Group on behalf of such third party), (iiiii) if such Group I Truck the Vehicle becomes a Casualty, the date funds in the amount of the Termination Net Book Value thereof are deposited in the Collection Account received by the Trustee from the applicable Lessee, (iii) if such Group I Truck becomes an Ineligible Truck (other than a Casualty), the date such Group I Truck has become an Ineligible Truck, or (iv) the date that such Group I Truck the Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 or 2.6 hereof and the Vehicle Purchase Price with respect to such purchase (along with and any unpaid Monthly Base Rent and Supplemental Monthly Variable Rent with respect to such Group I TruckVehicle) is deposited in the Collection Account received by the Lessee, and (v) if such Group I Truck is a Gasoline Truck, the date that is the first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such Group I Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck Trustee (the earliest of such four dates described in clauses (i) through (v) being referred to as the “"Vehicle Lease Expiration Date”"). The Lessor and each Lessee agree that each Lessee shall use its commercially reasonable efforts to deliver each Repurchase Vehicle to the related Manufacturer or the designated auction site, as applicable, (a) not prior to the end of the minimum holding period specified in the related Repurchase Program (prior to which the Lessor may not deliver such Repurchase Vehicle without penalty (the "Minimum Term")) and (b) not later than the end of the maximum holding period (after which the Lessor may not return such Repurchase Vehicle without penalty (the "Maximum Term")); provided, however, if for any reason, a Lessee fails to deliver a Repurchase Vehicle to the applicable Manufacturer or designated auction site during the time period between the expiration of the Minimum Term and the expiration of the Maximum Term, such Lessee shall be obligated to purchase such Repurchase Vehicle from the Lessor on the first Due Date after the expiration of the Maximum Term for an amount equal to the Vehicle Purchase Price with respect to such Repurchase Vehicle. Each Lessee will pay the equivalent of the Rent for the Minimum Term for Repurchase Vehicles returned before the Minimum Term, regardless of actual usage, unless a Vehicle is a Casualty which will be handled in accordance with Section 6 hereof.