Common use of Requests for Extensions Clause in Contracts

Requests for Extensions. HVF III may request, (i) through the Program Agent, that each Funding Agent, for the account of the related Investor Group, and (ii) that the Class RR Committed Note Purchaser consents to, an extension of the Series 2021-A Commitment Termination Date with respect to one or more Classes of Series 2021-A Notes for such period as HVF III may specify (the “Extension Length”), which consent will be granted or withheld by each Funding Agent, on behalf of the related Investor Group, or the Class RR Committed Note Purchaser, in each case, in its sole discretion. To the extent that any Funding Agent represents more than one Committed Note Purchaser in an Investor Group, the Funding Agent may extend or decline the Series 2021-A Commitment Termination Date on behalf of each individual Committed Note Purchasers within an Investor Group, and the Funding Agent thus may make different elections on behalf of individual Committed Note Purchasers within the same Investor Group.

Appears in 3 contracts

Sources: Second Amended and Restated Series 2021 a Supplement (Hertz Global Holdings, Inc), Second Amended and Restated Series 2021 a Supplement (Hertz Corp), Amended and Restated Series Supplement (Hertz Corp)