Common use of Termination by Notification Clause in Contracts

Termination by Notification. If a Master Lease Termination Event occurs, the Lessor (with the consent of the FleetCo Security Agent) or the FleetCo Security Agent may give the other parties hereto written notice (a “Master Lease Termination Notice”) that such event has occurred upon which a Master Lease End Date shall occur.

Appears in 1 contract

Sources: Spanish Master Lease Agreement (Avis Budget Group, Inc.)

Termination by Notification. If a Master Lease Termination Event occurs, the Lessor (with the consent of the FleetCo Security Agent) or the FleetCo Security Agent may give the other parties hereto written notice (a "Master Lease Termination Notice") that such event has occurred upon which a Master Lease End Date shall occur.

Appears in 1 contract

Sources: French Master Lease Agreement (Avis Budget Group, Inc.)