HVF Vehicle definition

HVF Vehicle means a passenger automobile or light-duty truck (including any Initial Hertz Vehicle or Service Vehicle) which is owned by HVF and leased by HVF to the Lessee pursuant to the HVF Lease (including any such Vehicle that constitutes Replacement Property under, and as defined in, the Master Exchange Agreement).
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Examples of HVF Vehicle in a sentence

  • If at any time a Secured Party reasonably believes that such designation by the Servicer is incorrect, it may dispute (the “disputing Secured Party”) such designation by delivering a written notice to each of the Servicer and the Collateral Agent setting forth its claim as to the correct designation of a HVF Vehicle or HGI Vehicle, as the case may be (each a “redesignation”).

  • As soon as practicable after any termination of such appointment, the Servicer shall, at its expense, deliver all documents and records relating to the HVF Vehicle Collateral, including, without limitation, the most recent Fleet Report, to the HVF Secured Party or the HVF Secured Party’s agent at such place or places as the HVF Secured Party may reasonably designate.

  • Within thirty (30) days after receipt by the Issuer of each report described in either Section 4.1(h) of the Base Indenture or in clause (ii) of the next sentence, Hertz and the Issuer will provide to the Insurer written notice of how each exception identified in such report is being resolved, whether by correcting the Certificate of Title, transferring an affected HVF Vehicle or otherwise.

  • HVF has not authorized the filing of and is not aware of any financing statements against HVF that include a description of collateral covering the Indenture Collateral, the HVF Vehicle Collateral or the Series Collateral, other than any financing statement relating to the security interests granted to the Trustee and the Collateral Agent, as secured parties under the Indenture and the Collateral Agency Agreement, respectively, or that has been terminated.

  • The designation of the Vehicles as HVF Vehicles and HGI Vehicles on the Servicer’s computer system shall be considered prima facie evidence of the HVF Secured Party’s rights with respect to the HVF Vehicles and the other HVF Vehicle Collateral and the HGI Secured Party’s rights with respect to the HGI Vehicles and the other HGI Vehicle Collateral.

  • If the Lessee rejects a New HVF Vehicle after payment for such New HVF Vehicle has been made by HVF, HGI shall repurchase such New HVF Vehicle within five Business Days of such rejection for an amount equal to the Capitalized Cost of such New HVF Vehicle (a “Rejected Vehicle Payment”).

  • Neither Seller shall have any remaining property interest in a New HVF Vehicle or Transferred Vehicle sold to a Purchaser.

  • Unless the Company notifies Crants that his employment under this Agreement will not be extended, the term of his employment under this Agreement shall automatically be extended for an additional three (3) year period on the same terms and conditions as set forth herein (the "Renewal Term").

  • Other than the security interest granted to the Trustee pursuant to the Indenture and the security interest granted to the Collateral Agent pursuant to the Collateral Agency Agreement, HVF has not pledged, assigned, sold or granted a security interest in, or otherwise conveyed, any of the Indenture Collateral, the HVF Vehicle Collateral or the Series Collateral.

  • Promptly after the deposit of any funds into a Collateral Account, but in no event more than seven Business Days thereafter, the Servicer shall instruct the Collateral Agent in writing as to (i) the amount thereof which represents Proceeds of the HVF Vehicle Collateral and (ii) the amount thereof which represents Proceeds of the HGI Vehicle Collateral.