Contract
Exhibit 4.6.4
AMENDMENT NO. 1 (this “Amendment”) dated as of December 21, 2010, to the THIRD AMENDED AND RESTATED MASTER MOTOR VEHICLE OPERATING LEASE AND SERVICING AGREEMENT, dated as of September 18, 2009 (the “HVF Lease”), between THE HERTZ CORPORATION, a Delaware corporation (“Hertz”), in its capacity as lessee (the “Lessee”) and in its capacity as servicer (the “Servicer”), and HERTZ VEHICLE FINANCING LLC, a special purpose limited liability company established under the laws of Delaware (“HVF”), in its capacity as lessor (the “Lessor”).
WITNESSETH:
WHEREAS, HVF and Hertz wish to amend the HVF Lease as herein set forth.
WHEREAS, Section 22 of the HVF Lease permits certain amendments to the HVF Lease to be effected pursuant to a writing executed by the Lessor, the Servicer and the Lessee and consented to by the Trustee, subject to certain conditions set forth therein;
WHEREAS, Section 8.7(b) of the Third Amended and Restated Base Indenture, dated as of September 18, 2009, between HVF and The Bank of New York Mellon Trust Company, N.A. (as amended, modified or supplemented as of the date hereof, exclusive of Series Supplements, the “Base Indenture”) permits HVF to enter into certain amendments to the Related Documents, subject to certain conditions set forth therein;
WHEREAS, pursuant to Section 6.19 of the Amended and Restated Series 2009-2 Supplement to the Base Indenture, dated as of June 18, 2010, between HVF and the Trustee (as amended, modified or supplemented as of the date hereof, the “Series 2009-2 Supplement”), the Series 2009-2 Noteholders (as defined in the Series 2009-2 Supplement) are deemed to have agreed and consented to the execution of this Amendment;
WHEREAS, pursuant to Section 6.12 of the Series 2010-1 Supplement to the Base Indenture, dated as of July 22, 2010, between HVF and the Trustee (as amended, modified or supplemented as of the date hereof, the “Series 2010-1 Supplement”), the Series 2010-1 Noteholders (as defined in the Series 2010-1 Supplement) are deemed to have agreed and consented to the execution of this Amendment; and
NOW, THEREFORE, based upon the mutual promises and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned, intending to be legally bound, hereby agree as follows:
AGREEMENTS
1. Defined Terms. All capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the HVF Lease or, if not defined therein, the Base Indenture or the applicable Series Supplement. Reference is made herein to the Amended and Restated Series 2009-1 Supplement to the Base Indenture, dated as of December 16, 2010, between HVF and the Trustee (as further amended, modified or supplemented as of the date hereof, the “Series 2009-1
Supplement” and, together with the Series 2009-2 Supplement and the Series 2010-1 Supplement, the “Series Supplements” or each a “Series Supplement”).
2. Trustee Direction and Consent. Pursuant to Section 6.19 of the Series 2009-2 Supplement and Section 6.12 of the Series 2010-1 Supplement, the Series 2009-2 Noteholders and the Series 2010-1 Noteholders, respectively, are deemed to have directed the Trustee to enter into this Amendment and, by agreeing, acknowledging and consenting to this Amendment, the Series 2009-1 Noteholders (together with the Series 2009-2 Noteholders and the Series 2010-1 Noteholders constituting the Requisite Investors and the Requisite Indenture Investors), hereby direct the Trustee to consent in writing to this Amendment.
3. Amendments to the HVF Lease.
(a) The punctuation xxxx “.” shall be deleted from the final line of Section 2(b)(vi) of the HVF Lease and replaced with the punctuation xxxx “;”.
(b) The following proviso shall be added as a new paragraph immediately after Section 2(b)(vi) of the HVF Lease and immediately prior to Section 2(c) of the HVF Lease:
“provided, that, in no event shall any of the foregoing include any right, title or interest in, to or under any Relinquished Property Rights, from the time such Relinquished Property Rights become Relinquished Property Rights as a result of the assignment of the related Relinquished Property and the related Rights with respect to such Relinquished Property to the Intermediary pursuant to the Master Exchange Agreement, unless and until, in the case of Relinquished Property Proceeds, such Relinquished Property Proceeds become Additional Subsidies.”
4. Effectiveness. This Amendment shall be effective upon delivery of executed signature pages by all parties hereto and satisfaction of the Rating Agency Condition with respect to each Series of Notes Outstanding.
5. Reference to and Effect on the HVF Lease; Ratification.
(a) Except as specifically amended above, the HVF Lease is and shall continue to be in full force and effect and is hereby ratified and confirmed in all respects.
(b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party hereto under the HVF Lease, or constitute a waiver of any provision of any other agreement.
(c) Upon the effectiveness hereof, each reference in the HVF Lease to “HVF Lease”, “hereto”, “hereunder”, “hereof” or words of like import referring to the HVF Lease, and each reference in any other Related Document to “the HVF Lease”, “thereto”, “thereof”,
“thereunder” or words of like import referring to the HVF Lease, shall mean and be a reference to the HVF Lease as amended hereby.
6. Counterparts; Facsimile Signature. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. Any signature page to this Amendment containing a manual signature may be delivered by facsimile transmission or other electronic communication device capable of transmitting or creating a printable written record, and when so delivered shall have the effect of delivery of an original manually signed signature page.
7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW.
8. Headings. The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions thereof.
9. Severability. The failure or unenforceability of any provision hereof shall not affect the other provisions of this Amendment. Whenever possible each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.
10. Interpretation. Whenever the context and construction so require, all words used in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers hereunto duly authorized as of the day and year first above written.
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THE HERTZ CORPORATION | |
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By: |
/s/ Xxxxx Xxxxxxxxxx |
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Name: Xxxxx Xxxxxxxxxx |
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Title: Treasurer |
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HERTZ VEHICLE FINANCING LLC | |
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By: |
/s/ Xxxxx Xxxxxxxxxx |
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Name: Xxxxx Xxxxxxxxxx |
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Title: Vice President & Treasurer |
ACKNOWLEDGED AND AGREED
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
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By: |
/s/ Xxxx X. Ask |
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Name: Xxxx X. Ask |
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Title: Senior Associate |
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ACKNOWLEDGED AND AGREED
SARATOGA FUNDING CORP., LLC,
as a Conduit Investor
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By: |
/s/ Xxxx X. Xxxxx |
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Name: Xxxx X. Xxxxx |
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Title: Vice President |
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DEUTSCHE BANK AG, NEW YORK BRANCH, |
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By: |
/s/ Xxxxxx Xxxxxxx |
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Name: Xxxxxx Xxxxxxx |
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Title: Managing Director |
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By: |
/s/ Ozan Kaya |
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Name: Ozan Kaya |
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Title: Vice President |
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DEUTSCHE BANK AG, NEW YORK BRANCH, |
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By: |
/s/ Xxxxxx Xxxxxxx |
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Name: Xxxxxx Xxxxxxx |
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Title: Managing Director |
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By: |
/s/ Ozan Kaya |
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Name: Ozan Kaya |
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Title: Vice President |
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ACKNOWLEDGED AND AGREED
BANK OF AMERICA, N.A.,
as a Funding Agent
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By: |
/s/ Xxxxxx Xxxxx |
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Name: Xxxxxx Xxxxx |
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Title: Vice President |
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BANK OF AMERICA, N.A., |
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as a Committed Note Purchaser |
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By: |
/s/ Xxxxxx Xxxxx |
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Name: Xxxxxx Xxxxx |
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Title: Vice President |
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ACKNOWLEDGED AND AGREED
LIBERTY STREET FUNDING LLC,
as a Conduit Investor
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By: |
/s/ Xxxx X. Xxxxx |
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Name: Xxxx X. Xxxxx |
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Title: Vice President |
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THE BANK OF NOVA SCOTIA, acting through its New York Agency, | ||
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as a Funding Agent |
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By: |
/s/ Xxxxxx Xxxx |
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Name: Xxxxxx Xxxx |
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Title: Director |
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THE BANK OF NOVA SCOTIA, acting through its New York Agency, | ||
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as a Committed Note Purchaser |
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By: |
/s/ Xxxxxx Xxxx |
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Name: Xxxxxx Xxxx |
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Title: Director |
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ACKNOWLEDGED AND AGREED
SHEFFIELD RECEIVABLES CORPORATION,
as a Conduit Investor
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By: BARCLAYS BANK PLC, |
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as Attorney-in-Fact |
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By: |
/s/ Xxxx XxXxxxxx |
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Name: Xxxx XxXxxxxx |
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Title: Vice President |
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BARCLAYS BANK PLC, |
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as a Funding Agent |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Director |
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SHEFFIELD RECEIVABLES CORPORATION, |
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as a Committed Note Purchaser |
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By: BARCLAYS BANK PLC, |
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as Attorney-in-Fact |
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By: |
/s/ Xxxx XxXxxxxx |
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Name: Xxxx XxXxxxxx |
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Title: Vice President |
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ACKNOWLEDGED AND AGREED
FAIRWAY FINANCE COMPANY LLC,
as a Conduit Investor
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By: |
/s/ Xxxx X. Xxxxx |
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Name: Xxxx X. Xxxxx |
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Title: Vice President |
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BMO CAPITAL MARKETS CORP., |
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as a Funding Agent |
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By: |
/s/ Xxxxx X. Xxxxxxxxx |
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Name: Xxxxx X. Xxxxxxxxx |
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Title: Managing Director |
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BANK OF MONTREAL, |
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as a Committed Note Purchaser |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Managing Director |
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ACKNOWLEDGED AND AGREED
ATLANTIC ASSET SECURITIZATION LLC,
as a Conduit Investor
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By: CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, | ||
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as Attorney-in-Fact | ||
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By: |
/s/ Xxx Xxxxxx |
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Name: Xxx Xxxxxx |
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Title: Managing Director |
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By: |
/s/ Kostantina Kourmpetis |
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Name: Kostantina Kourmpetis |
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Title: Managing Director |
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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, | ||
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as a Funding Agent |
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By: |
/s/ Xxx Xxxxxx |
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Name: Xxx Xxxxxx |
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Title: Managing Director |
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By: |
/s/ Kostantina Kourmpetis |
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Name: Kostantina Kourmpetis |
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Title: Managing Director |
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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, | ||
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as a Committed Note Purchaser |
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By: |
/s/ Xxx Xxxxxx |
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Name: Xxx Xxxxxx |
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Title: Managing Director |
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By: |
/s/ Kostantina Kourmpetis |
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Name: Kostantina Kourmpetis |
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Title: Managing Director |
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ACKNOWLEDGED AND AGREED
MONT BLANC CAPITAL CORP.,
as a Conduit Investor
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By: ING CAPITAL MARKETS, LLC, |
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as Attorney-in-Fact |
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By: |
/s/ Xxxxxx Xxxxx |
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Name: Xxxxxx Xxxxx |
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Title: Vice President |
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ING CAPITAL MARKETS, LLC, |
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as a Funding Agent |
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By: |
/s/ Xxxxxxx X.X. Xxx, Xx. |
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Name: Xxxxxxx X.X. Xxx, Xx. |
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Title: Director |
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ING BANK N.V. (DUBLIN BRANCH), |
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as a Committed Note Purchaser |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Director |
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By: |
/s/ Xxxxx Xxx |
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Name: Xxxxx Xxx |
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Title: Vice President |
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ACKNOWLEDGED AND AGREED
JUPITER SECURITIZATION COMPANY LLC,
as a Conduit Investor
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By: JPMORGAN CHASE BANK, N.A., |
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as Attorney-in-Fact |
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By: |
/s/ Xxxxx X. Xxxxxxxx |
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Name: Xxxxx X. Xxxxxxxx |
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Title: Vice President |
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JPMORGAN CHASE BANK, N.A., |
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as a Funding Agent |
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By: |
/s/ Xxxxx X. Xxxxxxxx |
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Name: Xxxxx X. Xxxxxxxx |
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Title: Vice President |
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JPMORGAN CHASE BANK, N.A., |
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as a Committed Note Purchaser |
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By: |
/s/ Xxxxx X. Xxxxxxxx |
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Name: Xxxxx X. Xxxxxxxx |
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Title: Vice President |
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ACKNOWLEDGED AND AGREED
VERSAILLES ASSETS LLC,
as a Conduit Investor
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By: GLOBAL SECURITIZATION SERVICES, LLC, |
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its Manager |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Name: Xxxxxxx X. Xxxxxx |
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Title: Senior Vice President |
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NATIXIS FINANCIAL PRODUCTS INC., |
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as a Funding Agent |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Managing Director |
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By: |
/s/ Xxxx True |
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Name: Xxxx True |
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Title: Managing Director, Senior Counsel |
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VERSAILLES ASSETS LLC, |
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as a Committed Note Purchaser |
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By: GLOBAL SECURITIZATION SERVICES, LLC, |
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its Manager |
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By: |
/s/ Xxxxxxx X. Xxxxxx |
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Name: Xxxxxxx X. Xxxxxx |
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Title: Senior Vice President |
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ACKNOWLEDGED AND AGREED
AMSTERDAM FUNDING CORPORATION,
as a Conduit Investor
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By: |
/s/ Xxxx X. Xxxxx |
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Name: Xxxx X. Xxxxx |
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Title: Vice President |
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THE ROYAL BANK OF SCOTLAND PLC, |
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as a Funding Agent |
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BY: RBS SECURITIES INC., as agent |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Managing Director |
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THE ROYAL BANK OF SCOTLAND PLC, |
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as a Committed Note Purchaser |
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BY: RBS SECURITIES INC., as agent |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
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Title: Managing Director |
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