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HTZ » Topics » the Series 2008-1 Adjusted Liquidity Amount, excluding therefrom the Series 2008-1 Available Reserve Account Amount, would be less than the Series 2008-1 Required Liquidity Amount;

This excerpt taken from the HTZ 10-Q filed Nov 7, 2008.

the Series 2008-1 Adjusted Liquidity Amount, excluding therefrom the Series 2008-1 Available Reserve Account Amount, would be less than the Series 2008-1 Required Liquidity Amount;

 

(j)            from and after the funding of the Series 2008-1 Cash Collateral Account, (A) the Series 2008-1 Cash Collateral Account shall be subject to an injunction, estoppel or other stay or a Lien (other than a Permitted Lien) for at least three (3) Business Days or (B) the Trustee shall cease to have a valid and perfected first priority security interest in the Series 2008-1 Cash Collateral Account Collateral (or any of the Lessee, HVF or any Affiliate of either so assets in writing) and, in each case, either (x) a Series 2008-1 Enhancement Deficiency would result from excluding the Series 2008-1 Available Cash Collateral Account Amount from the Series 2008-1 Enhancement Amount or (y) the Series 2008-1 Adjusted Liquidity Amount, excluding therefrom the Series 2008-1 Available Cash Collateral Account Amount, would be less than the Series 2008-1 Required Liquidity Amount;

 

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