Common use of New Agreements Clause in Contracts

New Agreements. Each Legal Entity hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, such Legal Entity’s Rights, but not its obligations, under each related Relinquished Property Agreement that it enters into after the date of this Agreement, such assignment to be effective only upon such Legal Entity’s transfer of such Relinquished Property pursuant to Section 2.02 hereof and only with respect to such Relinquished Property. HGI hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, HGI’s Rights, but not its obligations, under each Replacement Property Agreement that it enters into after the date of this Agreement with respect to such Replacement Property. Unless otherwise agreed by the parties, each Legal Entity shall make available to the QI a report of daily activity listing such new agreements into which it entered during the period covered by such report. The QI shall and hereby does accept each assignment pursuant to this Section 2.04(b) from each Legal Entity, solely in its capacity as Exchangor’s Qualified Intermediary.

Appears in 3 contracts

Samples: Master Exchange Agreement (Hertz Global Holdings Inc), Master Exchange Agreement (Hertz Global Holdings Inc), Master Exchange Agreement (Hertz Corp)

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New Agreements. Each Legal Entity hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, such Legal Entity’s Rights, but not its obligations, under each related Relinquished Property Agreement that it enters into after the date of this Agreement, such assignment to be effective only upon such Legal Entity’s transfer of such Relinquished Property pursuant to Section 2.02 hereof 2.03 and only with respect to such Relinquished Property. HGI Each Legal Entity hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, HGIsuch Legal Entity’s Rights, but not its obligations, under each Replacement Property Agreement that it enters into after the date of this Agreement with respect to such Replacement Property. Unless otherwise agreed by the parties, each Legal Entity shall make available to the QI a report of daily monthly activity listing such new agreements into which it entered during the period covered by such report. The QI shall and hereby does accept each assignment pursuant to this Section 2.04(b2.05(b) from each Legal Entity, solely in its capacity as Exchangor’s Qualified Intermediary.

Appears in 3 contracts

Samples: Master Exchange Agreement, Master Exchange Agreement (Hertz Global Holdings, Inc), Master Exchange Agreement (Hertz Global Holdings Inc)

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New Agreements. Each Legal Entity The Exchangor hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, such Legal Entitythe Exchangor’s Rights, but not its obligations, under each related Relinquished Property Agreement that it enters into after the date of this Agreement, such assignment to be effective only upon such Legal Entitythe Exchangor’s transfer of such Relinquished Property pursuant to Section 2.02 2.2 hereof and only with respect to such Relinquished Property. HGI The Exchangor hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, HGIthe Exchangor’s Rights, but not its obligations, under each Replacement Property Agreement that it enters into after the date of this Agreement with respect to such Replacement Property. Unless otherwise agreed by the parties, each Legal Entity the Exchangor shall make available to the QI a report of daily activity listing such new agreements into which it entered during the period covered by such report. The QI shall and hereby does accept each assignment pursuant to this Section 2.04(b2.5(b) from each Legal Entitythe Exchangor, solely in its capacity as the Exchangor’s Qualified Intermediary.

Appears in 1 contract

Samples: Master Exchange Agreement (Vanguard Car Rental Group Inc.)

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