Common use of Trustee as Securities Intermediary Clause in Contracts

Trustee as Securities Intermediary. The Trustee or other Person holding the Series 2010-3 Collection Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”). If the Securities Intermediary in respect of the Series 2010-3 Collection Accounts is not the Trustee, RCFC shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 6.1(d).

Appears in 4 contracts

Samples: Base Indenture (Hertz Global Holdings Inc), Base Indenture (Hertz Global Holdings Inc), Hertz Global Holdings Inc

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Trustee as Securities Intermediary. The Trustee or other Person holding the Series 20102013-3 G1 Collection Account shall be the “securities intermediary” (as 16 defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”). If the Securities Intermediary in respect of the Series 20102013-3 G1 Collection Accounts is not the Trustee, RCFC HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 6.1(d).

Appears in 2 contracts

Samples: Collateral Agency Agreement (Hertz Global Holdings Inc), Collateral Agency Agreement (Hertz Global Holdings Inc)

Trustee as Securities Intermediary. The Trustee or other Person holding the Series 20102013-3 G1 Collection Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”). If the Securities Intermediary in respect of the Series 20102013-3 G1 Collection Accounts is not the Trustee, RCFC HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 6.1(d).

Appears in 1 contract

Samples: Vehicle Title Nominee Agreement (Hertz Corp)

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Trustee as Securities Intermediary. The Trustee or other Person holding the Series 2010-3 Collection Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”). If the Securities Intermediary in respect of the Series 2010-3 Collection Accounts is not the Trustee, RCFC shall obtain the express WEIL:\95390898\1\99910.6247 agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 6.1(d).

Appears in 1 contract

Samples: Master Collateral Agency Agreement (Hertz Corp)

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