(b) Subject to Clause 5.8(d) but despite any other provision of this Deed, the Australian Security Trustee must not: for Hertz_Global

Send us Feedback

Hertz Global Holdings (HTZ)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

HTZ » Topics » (b) Subject to Clause 5.8(d) but despite any other provision of this Deed, the Australian Security Trustee must not:

This excerpt taken from the HTZ 10-K filed Feb 29, 2008.

(b) Subject to Clause 5.8(d) but despite any other provision of this Deed, the Australian Security Trustee must not:

(i) take any action against HA Funding Pty Limited personally to recover any part of the Secured Moneys which cannot be recovered out of the Charged Property; or

(ii) levy execution or bring any other proceedings (other than to enforce a Transaction Document) against any property of HA Funding Pty Limited which does not form part of the Charged Property to recover any part of the Secured Moneys.

(c) Clause 5.8(b) operates as a covenant not to sue and not as a release, and may be pleaded in bar to any action brought in breach of it.

(d) Nothing in this Clause 5.8 affects the rights of the Australian Security Trustee or the liability of HA Funding Pty Limited with respect to fraud, gross negligence or wilful misconduct by HA Funding Pty Limited.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.