INCREMENTAL ASSUMPTION AGREEMENT

Exhibit 10(tt)

EXECUTION COPY

INCREMENTAL ASSUMPTION AGREEMENT

Dated as of October 16, 2008            

INCREMENTAL ASSUMPTION AGREEMENT among United Rentals, Inc., a Delaware corporation (“Holdings”), United Rentals (North America), Inc., a Delaware corporation (the “Company”), each Subsidiary listed on the signature pages hereto under the caption “U.S. Subsidiary Borrowers” (the “U.S. Subsidiary Borrowers” and, together with the Company, the “U.S. Borrowers”), United Rentals of Canada, Inc., a company formed under the federal laws of Canada (“URC”), United Rentals Alberta Holding, LP (“URA” and, together with URC, the “Canadian Borrowers”), United Rentals Financing Limited Partnership, a Delaware partnership (the “Specified Loan Borrower”, and together with the U.S. Borrowers and the Canadian Borrowers, the “Borrowers”) and the other Subsidiaries listed on the signature pages hereto under the caption “Guarantors” (the “Guarantors”), the banks, financial institutions and other institutional lenders party hereto and Bank of America, N.A., as agent (the “Agent”) for the Lenders.

PRELIMINARY STATEMENTS:

(1) The Borrowers, the Guarantors, the Agent and the other agents and lenders named therein have entered into a Credit Agreement dated as of June 9,2008 (as amended, supplemented or otherwise modified through the date hereof, the “Credit Agreement”). Capitalized terms not otherwise defined in this Agreement have the same meanings as specified in the Credit Agreement.

(2) The Borrowers, the Increasing Lenders (as hereinafter defined) and the Agent have agreed to enter into this Agreement in order to effectuate a Commitment Increase (this “Commitment Increase”) in accordance with Section 2.8 of the Credit Agreement.

SECTION 1. Commitment Increase. Pursuant to Section 2.8 of the Credit Agreement:

(a) Subject to the satisfaction of the conditions precedent set forth in Section 2, on the Effective Date (as hereinafter defined), each Lender listed on the signature pages hereof as an “Increasing Lender” (each, an “Increasing Lender”) shall increase its existing U.S. Revolving Credit Commitment to the amount set forth opposite such Lender’s name on Schedule 1 hereto.

(b) As of the Effective Date and immediately after giving effect to this Commitment Increase, the Maximum Revolver Amount shall be $1,285,000,000.

SECTION 2. Conditions to Effectiveness. This Agreement shall become effective as of the later date (the “Effective Date”) of the date specified in the Notice of Requested Commitment Increase in respect of this Commitment Increase and the date on which the following items have been received by the Agent:

(a) Counterparts of this Agreement executed by the Obigors, the Agent, the Increasing Lenders or, as to any of the Increasing Lenders, advice satisfactory to the Agent that such Lender has executed this Agreement;

(b) A certificate signed by a duly authorized officer of the Borrowers’ Agent stating that:

(i) The representations and warranties contained in each of the Loan Documents and this Agreement are correct on and as of the Effective Date as though made on and as of such date, other than any such representations or warranties that, by their terms, refer to a date other than the Effective Date; and

(ii) No Default or Event of Default shall exist both before and after giving effect to this Commitment Increase;

(c) (i) Opinions of counsel for the U.S. Obligors (including Canadian counsel to United Rentals of Nova Scotia (No. 1) and United Rentals of Nova Scotia (No. 2)) reasonably satisfactory to the Agent, addressing among other things the due authorization, execution and delivery of this Agreement, the enforceability of the Loan Documents, after giving effect to this Agreement, and the continuing validity of the security interests in the U.S. Collateral created pursuant to the Loan Documents and the perfection thereof; (ii) a certificate as to the good standing or status of each U.S. Obligor as of a recent date, from such Secretary of State or other Governmental Authority; (iii) a certificate of the Secretary or Assistant Secretary or Officer of each U.S. Obligor dated the Effective Date and certifying (A) that the certificate or articles of incorporation/amalgamation/amendment or memoranda of association (or similar Organization Documents) of such U.S. Obligor and the by-laws (or similar Organization Documents) of such U.S. Obligor have not been amended since such Organization Documents were delivered to the Agent on the Closing Date (or such later date that any U.S. Obligor’s Organization Documents were delivered to the Agent pursuant to Section 8.25 of the Credit Agreement (each such later date, an “Additional Obligor Date”)) and the Organization Documents delivered on the Closing Date (or applicable Additional Obligor Date, as the case may be) are in effect on the Effective Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or the equivalent governing body) of such U.S. Obligor authorizing the authorization, execution and delivery of this Agreement, the performance of the Loan Documents, after giving effect to this Agreement and, in the case of the Borrowers, the borrowings thereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Obligor; and (iv) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (iii) above.

(d) Evidence that concurrently with the effectiveness of this Commitment Increase, in accordance with Section 2.8(b) of the Credit Agreement, (i) the U.S. Lenders shall have made advances among themselves so that after giving effect to this Commitment Increase, the U.S. Revolving Loans will be held by the U.S. Lenders on a pro rata basis in accordance with such U.S. Lenders’ Pro Rata Share (after giving effect to the applicable Commitment Increase) and (ii) the U.S. Borrowers shall have paid to the applicable U.S. Lenders any amounts payable in respect thereof in accordance with Section 5.4 (with any reduction in U.S. Revolving Loans of any U.S. Lender pursuant to Section 2.8(b) of the Credit Agreement being deemed a prepayment for purposes of Section 5.4 of the Credit Agreement).

(e) Evidence that the Borrowers shall have paid any and all fees and expenses owing to the Agent and the Lenders in respect of this Commitment Increase.

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SECTION 3. Reference to and Effect on the Credit Agreement; Confirmation of Guarantors. (a) On and after the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, after giving effect to this Agreement.

(b) Each Loan Document, after giving effect to this Agreement, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the U.S. Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Obligors under the Loan Documents and the Canadian Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Canadian Obligations of the Canadian Obligors under the Loan Documents.

(c) The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

SECTION 4. Costs, Expenses. The Borrower agrees to pay on demand all costs, fees and expenses of the Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Agreement and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in accordance with the terms of Section 14.7 of the Credit Agreement.

SECTION 5. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier (or other electronic transmission) shall be effective as delivery of a manually executed counterpart of this Agreement.

SECTION 6. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

UNITED RENTALS, INC., as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS (NORTH AMERICA), INC., as a U.S. Borrower and as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS OF CANADA, INC., as a Canadian Borrower and as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS ALBERTA HOLDING, L.P., as a Canadian Borrower and as a Guarantor

By its General Partner, UNITED RENTALS (DELAWARE), INC.

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS FINANCING LIMITED PARTNERSHIP, as the Specified Loan Borrower and as a Guarantor

By its Managing Partner, UNITED RENTALS OF NOVA SCOTIA (No. 1), ULC

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer

UNITED EQUIPMENT RENTALS GULF, L.P., as a U.S. Borrower and as a Guarantor

By its General Partner, UNITED RENTALS (NORTH AMERICA), INC.

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS GULF, INC., as a U.S. Borrower and as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS NORTHWEST, INC., as a U.S. Borrower and as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS SOUTHEAST, L.P., as a U.S. Borrower and as a Guarantor

By its General Partner, UNITED RENTALS (NORTH AMERICA), INC.

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS SOUTHEAST, INC., as a U.S. Borrower and as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS (DELAWARE), INC., as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer

UNITED RENTALS OF NOVA SCOTIA (NO. 1), ULC, as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS OF NOVA SCOTIA (NO. 2), ULC, as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UR CANADIAN FINANCING PARTNERSHIP, as a Guarantor

By		its Managing Partner, UNITED RENTALS FINANCING LIMITED PARTNERSHIP
By		its Managing Partner, UNITED RENTALS OF NOVA SCOTIA (No. 1), ULC

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
UNITED RENTALS SOUTHEAST HOLDING LLC, as a Guarantor

By its Managing Member, UNITED RENTALS (NORTH AMERICA), INC.

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
XXXXX SYSTEMS, INC., as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer
INFOMANAGER, INC., as a Guarantor
By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer

UNITED RENTALS REALTY, LLC, as a Guarantor

By  its Sole Member, UNITED RENTALS (NORTH AMERICA), INC.

By:		/s/ Xxxxx Xxxxxxxxx
Name:		Xxxxx Xxxxxxxxx
Title:		Vice President-Treasurer

BANK OF AMERICA, N.A., as the Agent, U.S. Swingline Lender and Letter of Credit Issuer and as an Increasing Lender
By:		/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx X. Xxxxxxxx
Title:		Sr. Vice President

Incremental Assumption Agreement

SCHEDULE 1

Increasing Lender		Commitment (after giving effect to the Commitment Increase)
Bank of America, N.A.		$	140,000,000

Schedule 1 to Incremental Assumption Agreement