This excerpt taken from the HTZ 10-Q filed May 9, 2008.
It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation.
This excerpt taken from the HTZ 10-K filed Feb 29, 2008.
(a) The Loan Notes constitute direct, unconditional and unsubordinated obligations of the Australian Borrower and rank equally among themselves and at least equally with all unsecured and unsubordinated obligations of the Australian Borrower (except liabilities mandatorily preferred by law and subject to the Finance Documents).
(b) Each Loan Note constitutes a separate debt of the Australian Borrower to the Bank in whose name it is recorded in the Loan Note Register, and each Bank is entitled to enforce these obligations without having to join any other Bank or predecessor in title of a Bank.