Common use of Direct Transfer Clause in Contracts

Direct Transfer. The parties to this Agreement agree that, each and every (a) RCFC Exchanged Vehicle shall be transferred directly from RCFC to the RCFC Buyer thereof, (b) Dollar Exchanged Vehicle shall be transferred directly from Dollar to the Dollar Buyer thereof, (c) Thrifty Exchanged Vehicle shall be transferred directly from Thrifty to the Thrifty Buyer thereof. The parties to this Agreement agree that the Qualified Intermediary shall not take actual or constructive possession of, hold legal title to, or be the registered owner of any Exchanged Vehicle.

Direct Transfer. The parties to this Agreement agree that, each and every (a) RCFC Exchanged Replacement Vehicle shall be transferred directly from RCFC to the RCFC Buyer thereofSeller thereof to RCFC, (b) Dollar Exchanged Replacement Vehicle shall be transferred directly for the Dollar Seller thereof to Dollar, (c) Thrifty Replacement Vehicle shall be transferred directly from Dollar to the Dollar Buyer thereof, (c) Thrifty Exchanged Vehicle shall be transferred directly from Thrifty to the Thrifty Buyer thereofSeller thereof to Thrifty. The parties to this Agreement agree that the Qualified Intermediary shall not take actual or constructive possession of, hold legal title to, or be the registered owner of any Exchanged Replacement Vehicle.