Common use of Additional Subsidies Clause in Contracts

Additional Subsidies. In the event that the Escrow Funds with respect to any Legal Entity are insufficient to pay the Replacement Property Acquisition Cost incurred by such Legal Entity, such Legal Entity may transfer Additional Subsidies directly to such Legal Entity’s Exchange Account or a Joint Disbursement Account in an amount sufficient for the QI to acquire the applicable Replacement Property. Any Legal Entity may transfer Additional Subsidies to one of its Exchange Accounts or to any Joint Disbursement Account to fund Non-LKE Disbursement; provided that, for the avoidance of doubt, Additional Subsidies relating to HVF Vehicles or HVF Segregated Vehicles constituting Series-Specific Collateral for a particular Segregated Series shall only be transferred to an HVF Exchange Account or, unless otherwise specified in a Segregated Series Supplement, an HVF Segregated Exchange Account relating to such Segregated Series, respectively, in order to fund such Non-LKE Disbursement.

Appears in 3 contracts

Sources: Escrow Agreement, Escrow Agreement (Hertz Global Holdings, Inc), Escrow Agreement (Hertz Global Holdings Inc)