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Common use of Fourthly Clause in Contracts

Fourthly. on any date other than the date the Replacement VFN Noteholder is liquidated, any surplus funds shall be paid to the ABCP Programme Account; and

Appears in 3 contracts

Sources: Master Definitions and Constructions Agreement (Hertz Corp), Master Definitions and Constructions Agreement (Hertz Corp), Master Definitions and Constructions Agreement (Hertz Corp)

Related Clauses

  • Partial payments
  • Priority of Payments
  • Investor Charge-Offs
  • Original Class B Principal Balance
  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts

Parent Clauses

  • Normal order of application
  • Application of Receipts
  • Accounts prima facie evidence
  • Application of funds
  • Compliance with mortgagee’s instructions

Sub-Clauses

  • Release from the Cash Collateral Account
  • Release of Earnings
  • Monthly retentions
  • Events of Default
  • Location of account
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