Verification of Title. AESOP Leasing will, on an annual basis, cause a title check to be performed by an independent nationally recognized firm of certified public accountants acceptable to the Trustee and each Enhancement Provider on a statistical sample of all Vehicles leased under the Leases designed to provide a ninety-five percent (95%) confidence level that no more than five percent (5%) of the Certificates of Title for such Vehicles did not correctly reference the Trustee or its Permitted Nominee, as first lienholder, and the Lessor of such Vehicle or its Permitted Nominee or, in the case of Financed Vehicles, ARAC or its Permitted Nominee, as owner, and cause such party to deliver a report stating that, within the confidence level set forth above, no more than five percent (5%) of the Certificates of Title did not correctly reference the lienholder or owner of the Vehicles described in the immediately preceding clause.
Verification of Title. On or prior to May 30 of each year, commencing May 30, 2003, HVF shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and the Rating Agencies to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the HVF Vehicles designed to provide a ninety-five percent (95%) confidence level confirming that the HVF Vehicles are titled in the name of Hertz Vehicles LLC and the Certificates of Title show a first lien in the name of the Collateral Agent, except for such exceptions as shall be set forth in such report (which exceptions may include the existence of the Initial Hertz Vehicles and the Service Vehicles).
Verification of Title. On or prior to the Determination Date occurring in June of each year, beginning with the Determination Date occurring in June 2011, RCFC shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and each applicable Rating Agency, if any, referred to in the definition of “Rating Agency Condition” with respect to the relevant Series of Notes to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the Group VII Vehicles as of the end of April of such year, designed to provide a ninety-five percent (95%) confidence level confirming that such Vehicles are titled in the name of Rental Car Finance Corp. and the Certificates of Title indicate a first lien in the name of the Master Collateral Agent.
Verification of Title. Solely with respect to the Group II Administrator, on or before June 30 of each year, commencing on the Series 2013-B Restatement Effective Date, cause a nationally recognized firm of independent certified public accountants or a nationally recognized firm of independent consultants to furnish a report to the Trustee to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title (as defined in the RCFC Series 2010-3 Supplement) of the Series 2010-3 Eligible Vehicles (as defined in the RCFC Series 2010-3 Supplement) constituting Series 2010-3 RCFC Segregated Vehicle Collateral (as defined in the RCFC Series 2010-3 Supplement) designed to provide a ninety-five percent (95%) confidence level confirming that the Series 2010-3 Eligible Vehicles are titled in the name of RCFC and the Certificates of Title with respect to the Series 2010-3 Eligible Vehicles show a first lien in the name of the RCFC Collateral Agent, except for such exceptions as shall be set forth in such report.
Verification of Title. (i) Prior to the RCFC Nominee Trigger Date, on or before May 31 of each year, commencing in May 2014, HVF shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and HVF II Trustee to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the Series 2013-G1 Eligible Vehicles constituting Series 2013-G1 Segregated Liened Vehicle Collateral designed to provide a ninety-five percent (95%) confidence level confirming that the Series 2013-G1 Eligible Vehicles are titled in the name of the Nominee or HVF and the Certificates of Title with respect to the Series 2013-G1 Eligible Vehicles constituting Series 2013-G1 Segregated Liened Vehicle Collateral show a first lien in the name of the Collateral Agent, except for such exceptions as shall be set forth in such report; provided, that, any such report may be delivered along with the analogous report described in Section 4.1(h) of the Base Indenture as a single report.
(ii) Following the RCFC Nominee Trigger Date, on or before May 31 of each year, HVF shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and HVF II Trustee to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the Series 2013-G1 Eligible Vehicles constituting Series 2013-G1 Segregated Liened Vehicle Collateral designed to provide a ninety-five percent (95%) confidence level confirming that the Series 2013-G1 Eligible Vehicles are titled in the name of the Nominee, HVF or RCFC and the Certificates of Title with respect to the Series 2013-G1 Eligible Vehicles constituting Series 2013-G1 Segregated Liened Vehicle Collateral show a first lien in the name of the Collateral Agent, except for such exceptions as shall be set forth in such report; provided that, any such report may be delivered along with the analogous report described in Section 4.1(h) of the Base Indenture as a single report.
Verification of Title. AESOP Leasing will, on an annual basis, cause a title check to be performed by an independent nationally recognized firm of certified public accountants acceptable to the Trustee and each Enhancement Provider on a statistical sample of all Vehicles leased under the Leases designed to provide a ninety-five percent (95%) confidence level that no more than five percent (5%) of the Certificates of Title for such Vehicles did not correctly reference the Trustee, as first lienholder, and the Lessor of such Vehicle or its Permitted Nominee or, in the case of Financed Vehicles, CCRG, a Permitted Sublessee or any of their respective Permitted Nominees, as owner, and cause such party to deliver a report stating that, within the confidence level set forth above, no more than five percent (5%) of the Certificates of Title did not correctly reference the lienholder or owner of the Vehicles described in the immediately preceding clause.
Verification of Title. On or before May 31 of each year, commencing in May 2014, RCFC shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and the HVF II Trustee to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the Series 2010-3 Eligible Vehicles constituting Series 2010-3 Segregated Vehicle Collateral designed to provide a ninety-five percent (95%) confidence level confirming that the Series 2010-3 Eligible Vehicles are titled in the name of RCFC and the Certificates of Title with respect to the Series 2010-3 Eligible Vehicles show a first lien in the name of the Collateral Agent, except for such exceptions as shall be set forth in such report.
Verification of Title. Solely with respect to the Group II Administrator, on or before June 31 of each year, commencing in June 2015, cause a nationally recognized firm of independent certified public accountants or a nationally recognized firm of independent consultants to furnish a report to the Trustee to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title (as defined in the RCFC Series 2010-3 Supplement) of the Series 2010-3 Eligible Vehicles (as defined in the RCFC Series 2010-3 Supplement) constituting Series 2010-3 RCFC Segregated Vehicle Collateral (as defined in the RCFC Series 2010-3 Supplement) designed to provide a ninety-five percent (95%) confidence level confirming that the Series 2010-3 Eligible Vehicles are titled in the name of RCFC and the Certificates of Title with respect to the Series 2010-3 Eligible Vehicles show a first lien in the name of the RCFC Collateral Agent, except for such exceptions as shall be set forth in such report.
Verification of Title. On or prior to March 31 of each year, commencing March 31, 2011, ZVF shall cause a nationally recognized firm of independent certified public accountants to furnish a report to the Trustee and the Rating Agencies, if any, to the effect that they have performed certain agreed upon procedures on a statistical sample of the Certificates of Title of the ZVF Vehicles designed to provide a ninety-five percent (95%) confidence level confirming that the ZVF Vehicles are titled in the name of ZVF and the Certificates of Title show a first lien in the name of the Collateral Agent, except for such exceptions as shall be set forth in such report.
Verification of Title. Within fifteen (15) days after the Effective Date, Seller shall obtain a title insurance commitment ("Commitment”) issued by a title insurance company selected by Seller ("Title Company") agreeing to provide, on the current ALTA marketability policy form, an owners' title insurance policy ("Title Policy") in an amount not less than the Purchase Price, which shall show insurable fee simple title to the Property to be vested in Sxxxxx and shall name Buyer as the proposed insured and shall deliver the commitment to Buyer. Seller shall pay the costs of the Commitment and of the Title Policy including any title examination or investigation fees and the costs for the premium for the Title Policy to be issued pursuant to the Commitment. Buyer shall be entitled to make objections to title if (i) the form of the Commitment is other than as described in this paragraph, or (ii) the Commitment reveals any exceptions to title (other than the lien of taxes not yet due and payable) that are not acceptable to Buyer in its sole discretion. Buyer shall notify Seller of any ti11e objections within ten (10) days of receipt of the Commitment and Seller shall have ten (10) days after the receipt of Buyer's objections within which to resolve Buyer's title objections. In the event Seller is unable to satisfy Buyer's objections within said time period, Buyer may elect to cancel this Agreement, in which event Escrow Agent shall immediately return to Buyer the Exxxxxx Money Deposit and any other deposit(s) made by Buyer, or Buyer may waive in writing its title objections and accept the condition of title. Title exceptions (exclusive of any liens, all of which Seller hereby agrees to satisfy on or before Closing, except in the event any such lien is contested by Seller in which event Seller shall obtain a bond securing payment of such lien) approved or accepted in writing by Buyer shall hereinafter be referred to as "Permitted Exceptions".
