EX-4.6.2 6 a2202167zex-4_62.htm EX-4.6.2

Exhibit 4.6.2

 

SUPPLEMENTAL INDENTURE NO. 1 (this “Amendment”) dated as of December 21, 2010, to the THIRD AMENDED AND RESTATED BASE INDENTURE, dated as of September 18, 2009 (as amended, modified or supplemented as of the date hereof, exclusive of Series Supplements, “Base Indenture”), among HERTZ VEHICLE FINANCING LLC, a special purpose limited liability company established under the laws of Delaware (“HVF”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, in its capacity as trustee (the “Trustee”).

 

WITNESSETH:

 

WHEREAS, HVF and the Trustee wish to amend the Base Indenture to clarify that Relinquished Property (as defined in the Master Exchange Agreement), Relinquished Property Proceeds and Relinquished Property Agreements are not subject to the grant set forth in Article III of the Base Indenture and therefore are excluded from the Collateral and clarify the definition of “Segregated Series of Notes” as herein set forth;

 

WHEREAS, Sections 12.2 and 12.3 of the Base Indenture permit HVF and the Trustee to effect certain amendments to the Base Indenture, subject to the conditions set forth therein;

 

WHEREAS, pursuant to Section 6.19 of the Amended and Restated Series 2009-2 Supplement to the Base Indenture, dated as of June 18, 2010, between HVF and the Trustee (as amended, modified or supplemented as of the date hereof, the “Series 2009-2 Supplement”), the Series 2009-2 Noteholders (as defined in the Series 2009-2 Supplement) are deemed to have agreed and consented to the execution of this Amendment;

 

WHEREAS, pursuant to Section 6.12 of the Series 2010-1 Supplement to the Base Indenture, dated as of July 22, 2010, between HVF and the Trustee (as amended, modified or supplemented as of the date hereof, the “Series 2010-1 Supplement”), the Series 2010-1 Noteholders (as defined in the Series 2010-1 Supplement) are deemed to have agreed and consented to the execution of this Amendment; and

 

NOW, THEREFORE, based upon the mutual promises and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned, intending to be legally bound, hereby agree as follows:

 

AGREEMENTS

 

1.  Defined Terms.  All capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Base Indenture or, if not defined therein, the applicable Series Supplement.  Reference is made herein to the Amended and Restated Series 2009-1 Supplement to the Base Indenture, dated as of December 16, 2010, between HVF and the Trustee (as further amended, modified or supplemented as of the date hereof, the “Series 2009-1 Supplement”) and the Series 2010-2 Supplement to the Base Indenture, dated as of December 16, 2010, between HVF and the Trustee (as amended, modified or supplemented as of the date hereof, the “Series 2010-2 Supplement”, together with the Series 2009-1 Supplement, the Series 2009-2 Supplement and the Series 2010-1 Supplement, the “Series Supplements” or each a “Series Supplement”).

 



 

2.  Trustee Consent.  Pursuant to Section 6.19 of the Series 2009-2 Supplement and Section 6.12 of the Series 2010-1 Supplement, the Series 2009-2 Noteholders and the Series 2010-1 Noteholders, respectively, are deemed to have consented to the Trustee entering into this Amendment and, by agreeing, acknowledging and consenting to this Amendment, the Series 2009-1 Noteholders and the Series 2010-2 Noteholders (together with the Series 2009-2 Noteholders and the Series 2010-1 Noteholders constituting the Requisite Investors and the Requisite Indenture Investors), hereby consent to the Trustee entering into this Amendment.

 

3.  Amendments to the Base Indenture.

 

(a) The phrase “HVF Vehicle Collateral” shall be deleted from Section 3.1(a)(ii) of the Base Indenture and replaced with the phrase “Indenture Collateral”.

 

(b) The punctuation mark “.” shall be deleted from the final line of Section 3.1(a)(vi) of the Base Indenture and replaced with the punctuation mark “;”.

 

(c) The following proviso shall be added as a new paragraph at the end of Section 3.1(a) of the Base Indenture immediately after Section 3.1(a)(vi) of the Base Indenture:

 

provided, that, in no event shall any of the foregoing include any right, title or interest in, to or under any Relinquished Property (as defined in the Master Exchange Agreement), the related identifiable Relinquished Property Proceeds or the related Rights (as defined in the Master Exchange Agreement) with respect to such Relinquished Property, if any (collectively, “Relinquished Property Rights”), from the time such Relinquished Property Rights become Relinquished Property Rights as a result of the assignment of the related Relinquished Property and the related Rights with respect to such Relinquished Property to the Intermediary pursuant to the Master Exchange Agreement, unless and until, in the case of Relinquished Property Proceeds, such Relinquished Property Proceeds become Additional Subsidies.”

 

(c) The following defined term shall be inserted in Schedule 1 to the Base Indenture where alphabetically appropriate:

 

“‘Relinquished Property Rights’ has the meaning specified in Section 3.1(a) of the Base Indenture.”

 

(d) The definition of “‘Segregated Series of Notes’ or ‘Segregated Series’” shall be deleted in its entirety from Schedule I of the Base Indenture and replaced with the following:

 

“‘Segregated Series of Notes’ means one or more Segregated Series, as the context may require.”

 

4.  Effectiveness.  This Amendment shall be effective upon delivery of executed signature pages by all parties hereto and satisfaction of the Rating Agency Condition with respect to each Series of Indenture Notes Outstanding.

 

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5.  Reference to and Effect on the Base Indenture; Ratification.

 

(a) Except as specifically amended above, the Base Indenture is and shall continue to be in full force and effect and is hereby ratified and confirmed in all respects.

 

(b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party hereto under the Base Indenture, or constitute a waiver of any provision of any other agreement.

 

(c) Upon the effectiveness hereof, each reference in the Base Indenture to “Base Indenture”, “hereto”, “hereunder”, “hereof” or words of like import referring to the Base Indenture, and each reference in any other Related Document to “the Base Indenture”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Base Indenture, shall mean and be a reference to the Base Indenture as amended hereby.

 

6.  Counterparts; Facsimile Signature.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument.  Any signature page to this Amendment containing a manual signature may be delivered by facsimile transmission or other electronic communication device capable of transmitting or creating a printable written record, and when so delivered shall have the effect of delivery of an original manually signed signature page.

 

7.  Governing Law.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW.

 

8.  Headings.  The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions thereof.

 

9.  Severability.  The failure or unenforceability of any provision hereof shall not affect the other provisions of this Amendment.  Whenever possible each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.

 

10.  Interpretation.  Whenever the context and construction so require, all words used in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers hereunto duly authorized as of the day and year first above written.

 

 

HERTZ VEHICLE FINANCING LLC

 

 

 

By:

/s/ Scott Massengill

 

 

Name: Scott Massengill

 

 

Title: Vice President & Treasurer

 

 

 

 

THE BANK OF NEW YORK MELLON

 

TRUST COMPANY, N.A., as Trustee

 

 

 

 

By:

/s/ John D. Ask

 

 

Name: John D. Ask

 

 

Title: Senior Associate

 

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ACKNOWLEDGED AND AGREED

 

 

SARATOGA FUNDING CORP., LLC,

 

as a Conduit Investor

 

 

 

 

By:

/s/ Mary L. Brady

 

 

Name: Mary L. Brady

 

 

Title: Vice President

 

 

 

 

 

 

 

DEUTSCHE BANK AG, NEW YORK BRANCH,

 

as a Funding Agent

 

 

 

 

By:

/s/ Robert Sheldon

 

 

Name: Robert Sheldon

 

 

Title: Managing Director

 

 

 

By:

/s/ Ozan Kaya

 

 

Name: Ozan Kaya

 

 

Title: Vice President

 

 

 

 

 

DEUTSCHE BANK AG, NEW YORK BRANCH,

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Robert Sheldon

 

 

Name: Robert Sheldon

 

 

Title: Managing Director

 

 

 

By:

/s/ Ozan Kaya

 

 

Name: Ozan Kaya

 

 

Title: Vice President

 

 

5



 

ACKNOWLEDGED AND AGREED

 

BANK OF AMERICA, N.A.,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ Jeremy Grubb

 

 

Name: Jeremy Grubb

 

 

Title: Vice President

 

 

 

 

 

 

 

BANK OF AMERICA, N.A.,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Jeremy Grubb

 

 

Name: Jeremy Grubb

 

 

Title: Vice President

 

 



 

ACKNOWLEDGED AND AGREED

 

LIBERTY STREET FUNDING LLC,

 

as a Conduit Investor

 

 

 

 

By:

/s/ Jill A. Russo

 

 

Name: Jill A. Russo

 

 

Title: Vice President

 

 

 

 

 

THE BANK OF NOVA SCOTIA, acting through its New York Agency,

 

as a Funding Agent

 

 

 

 

By:

/s/ Darren Ward

 

 

Name: Darren Ward

 

 

Title: Director

 

 

 

 

 

THE BANK OF NOVA SCOTIA, acting through its New York Agency,

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Darren Ward

 

 

Name: Darren Ward

 

 

Title: Director

 

 



 

ACKNOWLEDGED AND AGREED

 

 

 

SHEFFIELD RECEIVABLES CORPORATION,

 

 

as a Conduit Investor

 

 

 

 

By:

BARCLAYS BANK PLC,

 

 

as Attorney-in-Fact

 

 

 

 

By:

/s/ John McCarthy

 

 

Name: John McCarthy

 

 

Title: Vice President

 

 

 

 

 

BARCLAYS BANK PLC,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ Jamie Pratt

 

 

Name: Jamie Pratt

 

 

Title: Director

 

 

 

 

 

SHEFFIELD RECEIVABLES CORPORATION,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

BARCLAYS BANK PLC,

 

 

as Attorney-in-Fact

 

 

 

By:

/s/ John McCarthy

 

 

Name: John McCarthy

 

 

Title: Vice President

 

 



 

ACKNOWLEDGED AND AGREED

 

 

 

FAIRWAY FINANCE COMPANY LLC,

 

 

as a Conduit Investor

 

 

 

 

By:

/s/ Mary L. Brady

 

 

Name: Mary L. Brady

 

 

Title: Vice President

 

 

 

 

 

BMO CAPITAL MARKETS CORP.,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ Keith J. Niebrugge

 

 

Name: Keith J. Niebrugge

 

 

Title: Managing Director

 

 

 

 

 

BANK OF MONTREAL,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Brian Zaban

 

 

Name: Brian Zaban

 

 

Title: Managing Director

 

 



 

ACKNOWLEDGED AND AGREED

 

ATLANTIC ASSET SECURITIZATION LLC,

 

 

as a Conduit Investor

 

 

By:

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

 

as Attorney-in-Fact

 

 

 

 

By:

/s/ Sam Pilcer

 

 

Name: Sam Pilcer

 

 

Title: Managing Director

 

 

 

By:

/s/ Kostantina Kourmpetis

 

 

Name: Kostantina Kourmpetis

 

 

Title: Managing Director

 

 

 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

 

as a Funding Agent

 

 

 

 

By:

/s/ Sam Pilcer

 

 

Name: Sam Pilcer

 

 

Title: Managing Director

 

 

 

By:

/s/ Kostantina Kourmpetis

 

 

Name: Kostantina Kourmpetis

 

 

Title: Managing Director

 

 

 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Sam Pilcer

 

 

Name: Sam Pilcer

 

 

Title: Managing Director

 

 

 

By:

/s/ Kostantina Kourmpetis

 

 

Name: Kostantina Kourmpetis

 

 

Title: Managing Director

 

 


 

ACKNOWLEDGED AND AGREED

 

 

 

MONT BLANC CAPITAL CORP.,

 

 

as a Conduit Investor

 

 

 

 

By:

ING CAPITAL MARKETS, LLC,

 

 

as Attorney-in-Fact

 

 

 

 

By:

/s/ Dennis Strid

 

 

Name: Dennis Strid

 

 

Title: Vice President

 

 

 

 

 

ING CAPITAL MARKETS, LLC,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ Leonard Y.K. Woo, Jr.

 

 

Name: Leonard Y.K. Woo, Jr.

 

 

Title: Director

 

 

 

 

 

ING BANK N.V. (DUBLIN BRANCH),

 

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Aidan Neill

 

 

Name: Aidan Neill

 

 

Title: Director

 

 

 

By:

/s/ David Rea

 

 

Name: David Rea

 

 

Title: Vice President

 

 



 

ACKNOWLEDGED AND AGREED

 

 

 

JUPITER SECURITIZATION COMPANY LLC,

 

 

as a Conduit Investor

 

 

 

 

By:

JPMORGAN CHASE BANK, N.A.,

 

 

as Attorney-in-Fact

 

 

 

 

By:

/s/ Laura V. Chittick

 

 

Name: Laura V. Chittick

 

 

Title: Vice President

 

 

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ Laura V. Chittick

 

 

Name: Laura V. Chittick

 

 

Title: Vice President

 

 

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

/s/ Laura V. Chittick

 

 

Name: Laura V. Chittick

 

 

Title: Vice President

 

 



 

ACKNOWLEDGED AND AGREED

 

 

 

VERSAILLES ASSETS LLC,

 

 

as a Conduit Investor

 

 

 

 

By:

GLOBAL SECURITIZATION SERVICES, LLC,

 

 

its Manager

 

 

 

 

By:

/s/ Bernard J. Angelo

 

 

Name: Bernard J. Angelo

 

 

Title: Senior Vice President

 

 

 

 

 

NATIXIS FINANCIAL PRODUCTS INC.,

 

 

as a Funding Agent

 

 

 

 

By:

/s/ David Bondy

 

 

Name: David Bondy

 

 

Title: Managing Director

 

 

 

By:

/s/ Adam True

 

 

Name: Adam True

 

 

Title: Managing Director, Senior Counsel

 

 

 

 

 

VERSAILLES ASSETS LLC,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

GLOBAL SECURITIZATION SERVICES, LLC,

 

 

its Manager

 

 

 

By:

/s/ Bernard J. Angelo

 

 

Name: Bernard J. Angelo

 

 

Title: Senior Vice President

 

 



 

ACKNOWLEDGED AND AGREED

 

 

 

AMSTERDAM FUNDING CORPORATION,

 

 

as a Conduit Investor

 

 

 

 

By:

/s/ Jill A. Russo

 

 

Name: Jill A. Russo

 

 

Title: Vice President

 

 

 

 

 

THE ROYAL BANK OF SCOTLAND PLC,

 

 

as a Funding Agent

 

 

 

 

By:

RBS SECURITIES INC., as agent

 

 

 

 

By:

/s/ David Viney

 

 

Name: David Viney

 

 

Title: Managing Director

 

 

 

 

 

THE ROYAL BANK OF SCOTLAND PLC,

 

 

as a Committed Note Purchaser

 

 

 

 

By:

RBS SECURITIES INC., as agent

 

 

 

By:

/s/ David Viney

 

 

Name: David Viney

 

 

Title: Managing Director