Common use of Vehicle Use Clause in Contracts

Vehicle Use. So long as no AESOP I Operating Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof), each Lessee may use Vehicles leased hereunder in its regular course of business. Such use shall be confined primarily to the United States; provided, however, that the principal place of business or rental office of each Lessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Vehicles and the Certificates of Title as against each Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's Lien on the Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien in any applicable jurisdiction. Each Lessee may, at its sole expense, change the place of principal location of any Vehicles. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default or a Manufacturer Event of Default, and upon the Lender's request, each Lessee shall advise the Lender in writing where all Vehicles leased hereunder as of such date are principally located. Each Lessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each Lessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each Lessee and the Lessor agree that such Lessee shall perform, at such Lessee's own expense, such Vehicle preparation and conditioning services with respect to Vehicles leased by such Lessee hereunder as are customary. The Lessor, the Lender or the Trustee or any authorized representative of the Lessor, the Lender or the Trustee may during reasonable business hours from time to time, without disruption of each Lessee's business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No Lessee shall sublease any Vehicles, nor shall any Lessee assign any right or interest herein or in any Vehicles; provided, however, the foregoing shall not be deemed to prohibit the Lessees from renting Vehicles to third party customers in the ordinary course of their respective car rental businesses.

Appears in 3 contracts

Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)

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Vehicle Use. So long as no AESOP I Operating Finance Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof), each the Lessee may use Vehicles leased hereunder in its regular course of business. Such use shall be confined primarily to the United States; provided, however, that the principal place of business or rental office of each the Lessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Vehicles and the Certificates of Title as against each Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's Lien on the Vehicles leased hereunder and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to the (i) the Initial PVT Financed Vehicles (which shall reflect the Lien of BONY) and (ii) Franchisee Vehicles titled in (which shall reflect the states Lien of Ohio, Oklahoma and Nebraskathe nominee lienholder under the applicable Franchisee Nominee Agreement)) with respect to such Vehicles as a perfected first lien in any applicable jurisdiction. Each The Lessee may, at its sole expense, change the place of principal location of any VehiclesVehicles leased hereunder. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to the (i) the Initial PVT Financed Vehicles (which shall reflect the Lien of BONY) and (ii) Franchisee Vehicles titled in (which shall reflect the states Lien of Ohio, Oklahoma and Nebraskathe nominee lienholder under the applicable Franchisee Nominee Agreement)) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating a Finance Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default or a Manufacturer Event of Default, and upon the Lender's request, each the Lessee shall advise the Lender in writing where all Vehicles leased hereunder as of such date are principally located. Each The Lessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each The Lessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each The Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each The Lessee and the Lessor agree that such the Lessee shall perform, at such the Lessee's own expense, such Vehicle preparation and conditioning services with respect to Vehicles leased by such Lessee hereunder as are customary. The Lessor, the Lender or the Trustee or any authorized representative of the Lessor, the Lender or the Trustee may during reasonable business hours from time to time, without disruption of each the Lessee's business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No The Lessee shall not sublease any Vehicles, nor shall any the Lessee assign any right or interest herein or in any Vehicles; provided, however, the foregoing shall not be deemed to prohibit the Lessees Lessee from renting Vehicles to third party customers in the ordinary course of its car rental business; and provided further that the Lessee may sublease Vehicles to any Eligible Rental Car Company, which sublease shall only be effective upon written notice thereof (confirmed by the Guarantor) delivered to the Lessor (a "Sublease Notice"). Any such sublease shall not relieve the Lessee or the Guarantor of any of their respective car rental businessesduties and obligations under this Agreement or any other Related Document.

Appears in 2 contracts

Samples: Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc)

Vehicle Use. So long as no AESOP I II Operating Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof), each Lessee may use Vehicles leased hereunder in its regular course of business. Such use shall be confined primarily to the United States; provided, however, that the principal place of business or rental office of each Lessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Vehicles and the Certificates of Title as against each Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's Lien on the Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien in any applicable jurisdiction. Each Lessee may, at its sole expense, change the place of principal location of any Vehicles. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I II Operating Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default or a Manufacturer Event of Default, and upon the Lender's request, each Lessee shall advise the Lender in writing where all Vehicles leased hereunder as of such date are principally located. Each Lessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each Lessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each Lessee and the Lessor agree that such Lessee shall perform, at such Lessee's own expense, such Vehicle preparation and conditioning services with respect to Vehicles leased by such Lessee hereunder as are customary. The Lessor, the Lender Lessor or the Trustee or any authorized representative of the Lessor, the Lender Lessor or the Trustee may during reasonable business hours from time to time, without disruption of each Lessee's business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No Lessee shall sublease any Vehicles, nor shall any Lessee assign any right or interest herein or in any Vehicles; provided, however, the foregoing shall not be deemed to prohibit the Lessees from renting Vehicles to third party customers in the ordinary course of their respective car rental businesses.

Appears in 2 contracts

Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)

Vehicle Use. So long as no AESOP I Operating Finance Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof), each Lessee may use Vehicles each Vehicle leased by such Lessee hereunder in its regular course of businessbusiness and may sublease such Vehicle to Permitted Sublessees from time to time pursuant to subleases (each such agreement, a “Sublease”), substantially in the form of the agreement attached hereto as Attachment C, for use in the rental car businesses of such Permitted Sublessees. Such use shall be confined primarily to the United States; provided, however, that the principal place of business or rental office of each Lessee and each Permitted Sublessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Vehicles and the Certificates of Title as against each Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's ’s Lien on the Vehicles leased by it hereunder and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Franchisee Vehicles (which shall reflect the Lien of BONYthe nominee lienholder under the applicable Franchisee Nominee Agreement)) and (ii) with respect to such Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien in any applicable jurisdiction. Each Lessee and each Permitted Sublessee may, at its sole expense, change the place of principal location of any VehiclesVehicles leased hereunder. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Franchisee Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraskanominee lienholder under the applicable Franchisee Nominee Agreement)) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating a Finance Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default or a Manufacturer Event of Default, and upon the Lender's ’s request, each Lessee shall advise the Lender in writing where all Vehicles leased hereunder as of such date are principally located. Each Lessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each Lessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each Lessee and the Lessor agree that such Lessee shall perform, at such Lessee's ’s own expense, such Vehicle vehicle preparation and conditioning services with respect to Vehicles leased by such Lessee hereunder as are customary. The Lessor, the Lender or the Trustee or any authorized representative of the Lessor, the Lender or the Trustee may during reasonable business hours from time to time, without disruption of each any Lessee's ’s or any Permitted Sublessee’s business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No Lessee shall sublease any VehiclesVehicles to any Person other than a Permitted Sublessee pursuant to a Sublease, nor and, except for a sublease to a Permitted Sublessee pursuant to a Sublease, no Lessee shall any Lessee assign any right or interest herein or in any Vehicles; provided, however, the foregoing shall not be deemed to prohibit the Lessees any Lessee or any Permitted Sublessee from renting Vehicles to third third-party customers in the ordinary course of their its respective car rental businessesbusiness. If any Lessee subleases any Vehicle to any Permitted Sublessee from time to time, such Lessee shall nevertheless remain responsible for all obligations arising hereunder with respect to such Vehicle.

Appears in 2 contracts

Samples: Finance Lease Agreement, Finance Lease Agreement (Avis Budget Group, Inc.)

Vehicle Use. So long as no AESOP I Operating Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default with respect to any Group IV Series of Notes has occurred and so long as no Lessee Partial Wind-Down Event has occurred with respect to the relevant Lessee (subject, however, to Section 2.6 hereofParagraph 7 of Annex A), each such Lessee may use Group IV Vehicles leased hereunder in its the regular course of businessbusiness of such Lessee. Such use shall be confined primarily to the states of the United States, with limited use in Canada and Mexico; provided, however, that the principal place of business or rental office of each such Lessee with respect to the Group IV Vehicles is located in the United States. The Administrator relevant Lessee shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender Servicer or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Group IV Vehicles and the related Certificates of Title as against each such Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's Lien on the Group IV Vehicles and the related Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien Lien in any applicable jurisdiction. Each Lessee may, at its the relevant Lessee's sole expense, change the place of principal location of any Group IV Vehicles. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (xi) all actions necessary to maintain the Lien of the Trustee on such Group IV Vehicles and the related Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have been taken and (yii) all legal requirements applicable to such Group IV Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating a Lease Event of Default, a Lessee Partial Wind-Down Event, Limited Liquidation Event of DefaultDefault with respect to any Group IV Series of Notes or, a Liquidation Event of Default or with respect to the Group IV Repurchase Vehicles, a Manufacturer Event of Default, and upon the LenderLessor's request, each the relevant Lessee shall advise the Lender Lessor in writing where all Group IV Vehicles leased hereunder by such Lessee as of such date are principally located. Each The Lessee shall not knowingly use any Vehicles Group IV Vehicles, or knowingly permit the same to be used used, for any unlawful purpose. Each Lessee shall use reasonable precautions to prevent loss or damage to Group IV Vehicles. Each Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Group IV Vehicles and shall take reasonable steps to ensure that operators drivers of such Group IV Vehicles are licensedduly licensed to drive in accordance with applicable law. Each Lessee and the Lessor agree that such each Lessee shall perform, at such Lessee's its own expense, such Vehicle preparation and conditioning services with respect to Group IV Vehicles leased purchased by such Lessee hereunder the Lessor from the Manufacturers as are customary. The Lessor, the Lender or the Trustee or any authorized representative of the Lessor, the Lender Lessor or the Trustee may during reasonable business hours from time to time, without disruption of each Lessee's business, subject to applicable law, inspect Group IV Vehicles and registration certificates, Certificates of Title and related documents covering Group IV Vehicles wherever the same shall be located. No Group IV Vehicles leased hereunder may be subleased by the applicable Lessee shall sublease to any Vehicles, nor shall any other Lessee assign any right listed on Schedule 1 to this Agreement or interest herein or in any Vehiclesadded as a Lessee pursuant to Section 23 of this Agreement; provided, however, that neither the foregoing original Lessee nor the Guarantor shall not be deemed to prohibit the Lessees released from renting Vehicles to third party customers any of its obligations in the ordinary course respect of their respective car rental businessesany Group IV Vehicle so subleased.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Budget Group Inc)

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Vehicle Use. So long as no AESOP I Operating Lease Event of Default, AESOP I Operating Sublease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof)occurred, each Lessee Sublessee may use Vehicles leased subleased hereunder in its regular course of business. Such ; provided that such use shall be confined primarily to the United States; providedPROVIDED, howeverFURTHER, that the principal place of business or rental office of each Lessee Sublessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's title to and interest in the Vehicles and the Certificates of Title as against each Lessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's Lien on the Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien in any applicable jurisdiction. Each Lessee Sublessee may, at its sole expense, change the place of principal location of any VehiclesVehicles subleased to it. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default, an AESOP I Operating Sublease Event of Default or a Manufacturer Event of Default, and upon the LenderSublessor's request, each Lessee Sublessee shall advise the Lender Sublessor in writing where all Vehicles leased subleased hereunder as of such date are principally located. Each Lessee Sublessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each Lessee Sublessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each Lessee Sublessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasingsubleasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each Lessee Sublessee and the Lessor Sublessor agree that such Lessee Sublessee shall perform, at such LesseeSublessee's own expense, such Vehicle preparation and conditioning services with respect to Vehicles leased subleased by such Lessee Sublessee hereunder as are customary. The LessorSublessor, the Lender AESOP Leasing or the Trustee or any authorized representative of the LessorSublessor, the Lender AESOP Leasing or the Trustee may during reasonable business hours from time to time, without disruption of each LesseeSublessee's business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No Lessee Sublessee shall further sublease any Vehicles, nor shall any Lessee Sublessee assign any right or interest herein or in any Vehicles; providedPROVIDED, howeverHOWEVER, the foregoing shall not be deemed to prohibit the Lessees any Sublessee from renting Vehicles to third party customers in the ordinary course of their respective its car rental businesses.

Appears in 1 contract

Samples: Master Motor (Avis Group Holdings Inc)

Vehicle Use. So long as no AESOP I Operating Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred (subject, however, to Section 2.6 hereof), each the Lessee may use Vehicles each Vehicle leased hereunder in its regular course of businessbusiness and may sublease such Vehicle to Permitted Sublessees from time to time pursuant to subleases (each such agreement, a “Sublease”), substantially in the form of the agreement attached hereto as Attachment C, for use in the rental car businesses of such Permitted Sublessees. Such use shall be confined primarily to the United States; provided, however, that the principal place of business or rental office of the Lessee and each Lessee Permitted Sublessee with respect to the Vehicles is located in the United States. The Administrator shall promptly and duly execute, deliver, file and record all such documents, statements, filings and registrations, registrations and take such further actions as the Lessor, the Lender or the Trustee shall from time to time reasonably request in order to establish, perfect and maintain the Lessor's ’s title to and interest in the Vehicles and the Certificates of Title as against the Lessee, each Lessee Permitted Sublessee or any third party in any applicable jurisdiction and to establish, perfect and maintain the Trustee's ’s Lien on the Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien in any applicable jurisdiction. Each The Lessee and each Permitted Sublessee may, at its sole expense, change the place of principal location of any Vehicles. Notwithstanding the foregoing, no change of location shall be undertaken unless and until (x) all actions necessary to maintain the Lien of the Trustee on such Vehicles and the Certificates of Title (other than noting the Lien of the Trustee on the Certificates of Title with respect to (i) the Initial PVT Vehicles (which shall reflect the Lien of BONY) and (ii) Vehicles titled in the states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have been taken and (y) all legal requirements applicable to such Vehicles shall have been met or obtained. Following the occurrence of an AESOP I Operating Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default or a Manufacturer Event of Default, and upon the Lender's ’s request, each the Lessee shall advise the Lender in writing where all Vehicles leased hereunder as of such date are principally located. Each The Lessee shall not knowingly use any Vehicles or knowingly permit the same to be used for any unlawful purpose. Each The Lessee shall use reasonable precautions to prevent loss or damage to Vehicles. Each The Lessee shall comply with all applicable statutes, decrees, ordinances and regulations regarding acquiring, titling, registering, leasing, insuring and disposing of Vehicles and shall take reasonable steps to ensure that operators are licensed. Each The Lessee and the Lessor agree that such the Lessee shall perform, at such the Lessee's ’s own expense, such Vehicle vehicle preparation and conditioning services with respect to Vehicles leased by such Lessee hereunder as are customary. The Lessor, the Lender or the Trustee or any authorized representative of the Lessor, the Lender or the Trustee may during reasonable business hours from time to time, without disruption of each the Lessee's ’s or any Permitted Sublessee’s business, subject to applicable law, inspect Vehicles and registration certificates, Certificates of Title and related documents covering Vehicles wherever the same be located. No The Lessee shall not sublease any VehiclesVehicles to any Person other than a Permitted Sublessee pursuant to a Sublease and, nor except for a sublease to a Permitted Sublessee pursuant to a Sublease, the Lessee shall any Lessee not assign any right or interest herein or in any Vehicles; provided, however, the foregoing shall not be deemed to prohibit the Lessees Lessee or any Permitted Sublessee from renting Vehicles to third third-party customers in the ordinary course of their its respective car rental businessesbusiness. If the Lessee subleases any Vehicle to any Permitted Sublessee from time to time, the Lessee shall nevertheless remain responsible for all obligations arising hereunder with respect to such Vehicle.

Appears in 1 contract

Samples: Master Motor Vehicle Operating Lease Agreement (Cendant Corp)

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