our Board or “the Board” means the Board of Directors of the Company, (v) “our common stock” means the common stock of the Company, (vi) “former Hertz Holdings” means Hertz Global Holdings, Inc., which was renamed Herc Holdings Inc. on June 30, 2016 in connection with the Spin-Off and (vii) the “Spin-Off” means the separation of former Hertz Holdings’ car rental business from the equipment rental business through a reverse spin-off, which was completed on June 30, 2016.
our Board has not expressed an opinion or recommendation on the exchange offer and we have not obtained a fairness opinion. Our Board of Directors expresses no opinion and is not making any recommendation regarding this exchange offer. Our Board of Directors expresses no opinion and is remaining neutral regarding any recommendation to you whether or not to tender any or all of your investment notes under this exchange offer because the risks and benefits to you will depend on your particular situation or status. The Board of Directors has not obtained a fairness opinion from any financial advisor about the fairness of the exchange to you or to us. In addition, we have not authorized anyone to make a recommendation regarding this exchange offer. We cannot assure you that if you tender your investment notes you will receive more value than if you choose to keep them. Because our senior collateralized notes and Series A preferred stock are not insured against loss by the FDIC or any governmental agency, you could lose your entire investment. Neither the FDIC nor any other governmental or private agency insures the senior collateralized notes or the Series A Preferred Stock. The holder of the these securities is dependent solely upon sources of funds such as the collateral securing senior collateralized notes, our earnings, proceeds from the sale or securitization of available for sale loans, our working capital and other sources of funds, including proceeds from the continuing sale of subordinated debt, and lines of credit for repayment of principal at maturity and the ongoing payment of interest. If these sources of repayment are inadequate, you could lose your entire investment. See "-- If the cash flow from the interest-only strips securing the senior collateralized notes is not sufficient for the repayment of senior collateralized notes over their terms, you must rely on our cash flow from operations and other sources for repayment. If our sources of repayment are not adequate, we may be unable to repay the senior collateralized notes at maturity and you could lose all or a part of your investment and the value of the Series A preferred stock and the common stock issued upon the conversion of the Series A preferred stock could be negatively impacted." If you tender an investment note, the exchange may be taxable under applicable tax laws and regulations. If you tender investment notes, under applicable tax laws and regulations, you may recognize gain or loss equal ...
Examples of our Board in a sentence
Subject to applicable law and the rights and preferences of any holders of any outstanding shares of preferred stock, under the amended and restated certificate of incorporation, dividends and distributions may be declared and paid ratably on the common stock out of our assets that are legally available for this purpose at such times and in such amounts as our Board in its discretion shall determine.