HERC definition
Examples of HERC in a sentence
The Performance Guarantor shall procure that no substantial change is made to the general nature and scope of the business of the Performance Guarantor from that carried on at the date hereof which would result in a Herc ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Adverse Effect.
Until the Administrative Agent gives notice to Herc (in accordance with this Section 7.1) of the designation of a new Servicer, Herc is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof.
After such termination, if Herc or a Subsidiary thereof was not the Servicer on the date of such termination, the Servicer shall promptly deliver to the Borrowers all books, records and related materials that any Originator or the Borrowers previously provided to the Servicer, or that have been obtained by the Servicer, in connection with this Agreement.
The Servicer, if other than Herc or an Affiliate thereof, shall, as soon as practicable upon demand, deliver to the Borrowers all records in its possession that evidence or relate to any indebtedness that is not a Pool Receivable, and copies of records in its possession that evidence or relate to any indebtedness that is a Pool Receivable.
The Performance Guarantor shall comply with all applicable Laws (other than those specifically relating to any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions), except to the extent that the failure so to comply with such applicable Laws would not have a Herc ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Adverse Effect.