Examples of Nominee Vehicle in a sentence
The Nominee shall use its best efforts to remove any Lien (other than a Permitted Lien) that attaches to any Nominee Vehicle.
With respect to each Nominee Vehicle that is not pledged to the Collateral Agent pursuant to the Collateral Agency Agreement as of any date of determination, the Nominee hereby agrees on any such date to transfer title to any such Nominee Vehicle at the direction of HVF or the POA Revocation Party.
The Nominee hereby agrees not to transfer title to any Nominee Vehicle from the name of the Nominee other than as directed by HVF or the POA Revocation Party pursuant to Sections 4.1 and 4.2 above.
With respect to each Nominee Vehicle that remains pledged to the Collateral Agent pursuant to the Collateral Agency Agreement, catastrophic physical damage insurance with respect to each such Nominee Vehicle shall name the Collateral Agent as loss payee as its interests may appear.
Any such delivery of any Supplemental Nominee Vehicle Schedule may be satisfied by such Nominating Party electronically transmitting (including, without limitation, by email, file transfer protocol or otherwise) or causing to be so electronically transmitted such Supplemental Nominee Vehicle Schedule to the Nominee and the Nominee-Servicer.
For the avoidance of doubt, neither the execution of and performance under or in connection with any Nominee Supplement or Supplemental Nominee Vehicle Schedule nor any termination of any New Nominating Party pursuant to Section 14.12 shall constitute an amendment, modification or waiver to or of this Agreement.
On each Business Day commencing on the date hereof, the Nominee-Servicer shall prepare and maintain records stored electronically on the Nominee-Servicer’s computer systems (such records, as updated each Business Day, the “Nominee Records”), identifying each Nominee Vehicle separately by its VIN and the Related Nominating Party with respect to such Nominee Vehicle, in each case as of the immediately preceding Business Day.
The Nominee hereby agrees not to transfer title to any Nominee Vehicle from the name of the Nominee other than as directed by such Nominee Vehicle’s Related Nominating Party, any applicable POA Revocation Party, the Collateral Agent, the RCFC Collateral Agent, the Master Collateral Servicer or Hertz pursuant to Sections 4.1 and 4.2 above.
This Agreement (including each Nominee Supplement and each Supplemental Nominee Vehicle Schedule) and the other agreements specifically referenced herein constitute the entire agreement among the parties hereto and supersede any prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they related in any way to the subject matter hereof.
With respect to each Nominee Vehicle that remains pledged to the RCFC Collateral Agent pursuant to the RCFC Collateral Agency Agreement, catastrophic physical damage insurance with respect to each such Nominee Vehicle shall name the RCFC Collateral Agent as loss payee as its interests may appear.