Document:

Exhibit 4.7.5

 

 

TRADEMARK SECURITY AGREEMENT

 

This TRADEMARK
SECURITY AGREEMENT (as amended, supplemented, replaced or otherwise
modified from time to time) (this “Agreement”), dated as of December 21,
2005 is entered into by each of the undersigned (each, a “Grantor”) in
favor of DEUTSCHE BANK AG, NEW YORK BRANCH (“DBNY”),
as Administrative Agent and Collateral Agent for the Lenders.

 

WHEREAS, Hertz Equipment Rental Corporation, The
Hertz Corporation, the Canadian Borrowers, the Lenders party thereto from time
to time (the “Lenders”), DBNY as Administrative
Agent and Collateral Agent for the Lenders, and certain other parties as named therein have entered into a Credit Agreement, dated
as of December 21, 2005 (as amended, supplemented, replaced or otherwise
modified from time to time, the “ABL Credit Agreement”);

 

WHEREAS, it is a condition precedent to the
obligation of the Lenders to make their respective extensions of credit to the
Borrowers under the ABL Credit Agreement that the Grantors and certain of its
Affiliates shall have executed and delivered that certain U.S. Guarantee and
Collateral Agreement, dated as of December 21, 2005, in favor of the
Administrative Agent and Collateral Agent (as amended, supplemented, replaced
or otherwise modified from time to time, the “ABL Guarantee and Collateral
Agreement”); and

 

WHEREAS, under the terms of the ABL Guarantee and
Collateral Agreement, the Grantors have granted a security interest in certain
property, including, without limitation, certain Trademarks of the Grantors to
the Administrative Agent and Collateral Agent for the ratable benefit of the
Secured Parties, and have agreed as a condition thereof to execute this
Agreement for recording with the United States Patent and Trademark Office.

 

NOW, THEREFORE, in consideration of the foregoing and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Grantors and the Secured Parties hereby agree as follows:

 

SECTION 1. DEFINED
TERMS.

 

1.1 Capitalized terms not
otherwise defined herein have the meanings set forth in the ABL Credit
Agreement or the ABL Guarantee and Collateral Agreement, as applicable.

 

1.2  “Trademarks” shall mean all United
States and foreign trademarks, service marks, trade names, trade dress or other
indicia of trade origin or business identifiers, trademark and service mark
registrations, and applications for trademark or service mark registrations
(except for “intent to use” applications for trademark or service mark
registrations filed pursuant to Section 1(b) of the Lanham Act, 15
U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement
of Use under Sections 1(c) and 1(d) of said Act has been filed, it
being understood and agreed that the carve out in this parenthetical shall be
applicable only if and for so long as a grant of a security interest in such
intent to use application would invalidate or otherwise jeopardize Grantor’s
rights therein), and any renewals thereof, including, without limitation, (i) the
right to sue or otherwise recover for any and all past, present and future
infringements or dilutions thereof, (ii) all income, royalties, damages
and other payments now and hereafter due and/or payable with respect thereto
(including, without limitation, payments under all licenses entered into in
connection therewith, and damages and payments for past or future infringements
thereof), and (iii) all other rights corresponding thereto and all other
rights of any kind whatsoever of such Grantor accruing thereunder or pertaining
thereto in the United States, together in each case with the

 

 

goodwill of
the business connected with the use of, and symbolized by, each such trademark,
service mark, trade name, trade dress or other indicia of trade origin or
business identifiers.

 

SECTION 2. GRANT OF
SECURITY INTEREST IN TRADEMARKS. Subject to the terms of the ABL Credit
Agreement and the ABL Guarantee and Collateral Agreement, each Grantor
hereby grants, subject to the existing licenses to use the Trademarks granted
by such Grantor in the ordinary course of its business, to the Collateral Agent, for the ratable
benefit of the Secured Parties (subject to the priority of the Euro MTN Lien to
the extent provided by the Euro MTN Fiscal Agency Agreement), a security
interest in all of the Trademarks of such Grantor, including, without
limitation, the Trademarks listed on Schedule A hereto, as
collateral security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise) of the
Obligations of such Grantor.

 

SECTION 3.           PRECEDENCE. The security
interest granted hereby is granted in conjunction with the security interest
granted by the Grantors to the Secured Parties under the ABL Guarantee and
Collateral Agreement. The rights and remedies of the Secured Parties with
respect to the security interest granted hereby are in addition to those set
forth in the ABL Guarantee and Collateral Agreement. In the event of any
conflict between the terms of this Agreement and the terms of the ABL Guarantee
and Collateral Agreement, the terms of the ABL Guarantee and Collateral
Agreement shall control.

 

SECTION 4.                                RECORDATION.
Each Grantor authorizes and requests that the Commissioner of Patents and
Trademarks and any other applicable government officer record this Agreement.

 

SECTION 5.                                MODIFICATION
OF AGREEMENT. This Agreement or any provision hereof may not be
changed, waived, or terminated except in accordance with the provisions of the
ABL Guarantee and Collateral Agreement.

 

SECTION 6.                                GENERAL.

 

(a)  Governing Law.
THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY RELATING HERETO SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK.

 

(b) Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of
the Secured Parties and Grantor and their respective successors and assigns. Grantor
shall not, without the prior written consent of the Secured Parties given in
accordance with the ABL Credit Agreement, assign any right, duty or obligation
hereunder.

 

(c) Counterparts.
This Agreement may be executed in any number of counterparts and by the
parties hereto on separate counterparts, each of which when so executed, shall be
deemed to be an original and all of which taken together shall constitute one
and the same instrument.

 

[REMAINDER OF THIS PAGE INTENTIONALLY
LEFT BLANK]

 

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the date first above written.

 

	
   

  	
  THE HERTZ CORPORATION

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Senior Vice President

  	
   

  
	
   

  	
   

  	
  General Counsel & Secretary

  	
   

  

 

 

	
   

  	
  HERTZ EQUIPMENT RENTAL CORPORATION

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President & Secretary

  	
   

  
					

 

 

	
   

  	
  HERTZ CLAIM MANAGEMENT CORPORATION

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Assistant Secretary

  	
   

  
					

 

 

	
   

  	
  HERTZ SYSTEM, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President & Secretary

  	
   

  
					

 

 

	
   

  	
  DEUTSCHE
  BANK AG, NEW YORK BRANCH,

  as Collateral Agent and the Administrative Agent

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 
  Marguerite Sutton

  	
   

  
	
   

  	
  Name:

  	
  Marguerite Sutton

  	
   

  
	
   

  	
  Title:

  	
  Director

  	
   

  
					

 

 

	
   

  	
  By:

  	
  /s/ 
  Omayra Laucella

  	
   

  
	
   

  	
  Name:

  	
  Omayra Laucella

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
					

 

 

ACKNOWLEDGMENT OF GRANTOR

 

 

	
  STATE OF New York

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.

  
	
  COUNTY OF New York

  	
  )

  	
   

  

 

On this 21st
day of December, 2005 before me personally appeared Harold E.
Rolfe proved to me on the basis of satisfactory evidence to be the
person[s] who executed the
foregoing instrument on behalf of the Grantor, who being by me duly sworn did
depose and say that he is an authorized officer of said corporation, that the said
instrument was signed on behalf of said corporation as authorized by its Board
of Directors and that he acknowledged said instrument to be the free act and
deed of said corporation.

 

 

	
   

  	
  /s/  Beverly Bruno

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Capacity of signatory:

  
	
   

  	
  BEVERLY BRUNO

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 31-4959464

  
	
   

  	
  Qualified in New York County

  
	
   

  	
  Commission Expires Feb. 26, 2006

  

 

{seal}Exhibit 4.7.6

 

TRADE-MARK SECURITY AGREEMENT

 

This TRADE-MARK
SECURITY AGREEMENT (as amended, supplemented, replaced or otherwise
modified from time to time, this “Agreement), dated as of December 21,
2005 is entered into by MATTHEWS EQUIPMENT
LIMITED (the “Grantor”) in favour of DEUTSCHE BANK AG, CANADA BRANCH (“DBCB”), as Canadian Agent and Canadian Collateral Agent for the
Lenders.

 

WHEREAS, the Grantor, the Lenders party thereto from
time to time (the “Lenders”), DBCB as Canadian Agent and Canadian
Collateral Agent for the Lenders and
certain other parties as named therein have entered into a Credit Agreement, dated as of December 21,
2005 (as amended, supplemented, replaced or otherwise modified from time to
time, the “Credit Agreement”);

 

WHEREAS, it is a condition precedent to the
obligation of the Lenders to make their respective extensions of credit to the
Borrowers under the Credit Agreement that the Grantor shall have executed and
delivered that certain Canadian Guarantee and Collateral Agreement, dated as of
December [  ], 2005, in favour of
the Canadian Agent and the Canadian Collateral Agent (as amended, supplemented,
replaced or otherwise modified from time to time, the “Guarantee and
Collateral Agreement”); and

 

WHEREAS, under the terms of the Guarantee and
Collateral Agreement, the Grantor has granted a security interest in certain
property, including, without limitation, certain Trade-marks of the Grantor to
the Canadian Agent for the rateable benefit of the Secured Parties, and has
agreed as a condition thereof to execute this Agreement for recording with the
Canadian Intellectual Property Office;

 

NOW, THEREFORE, in consideration of the foregoing and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Grantor and the Secured Parties hereby agree as
follows:

 

SECTION 1                                   DEFINED TERMS.

 

1.1                                 Capitalized terms not otherwise defined
herein have the meanings set forth in the Credit Agreement or the Guarantee and
Collateral Agreement, as applicable.

 

1.2                                 “Trade-marks” shall mean all Canadian
and foreign trade-marks, service marks, trade names, trade dress or other
indicia of trade origin or business identifiers, trade-mark and service mark
registrations, and applications for trade-mark or service mark registrations
and any renewals thereof, including, without limitation, (i) the right to
sue or otherwise recover for any and all past, present and future infringements
or dilutions thereof, (ii) all income, royalties, damages and other
payments now and hereafter due and/or payable with respect thereto (including,
without limitation, payments under all licenses entered into in connection
therewith, and damages and payments for past or future infringements thereof),
and (iii) all other rights corresponding thereto and all other rights of
any kind whatsoever of the Grantor accruing thereunder or pertaining thereto in
Canada, together in each case with the goodwill of the business connected with
the use of, and symbolized by, each such trade-mark, service mark, trade name,
trade dress or other indicia of trade origin or business identifiers.

 

SECTION 2.                                GRANT OF SECURITY INTEREST IN TRADE-MARKS. Subject to the terms of the Credit
Agreement and the Guarantee and Collateral Agreement, the Grantor hereby
grants, subject to the existing licenses to use the Trade-marks granted by the
Grantor in the ordinary course of its business, to the Canadian Agent, for the rateable benefit of the Secured Parties
(subject to the

 

 

priority of the Euro MTN Lien
to the extent provided by the Euro MTN Fiscal Agency Agreement), a security
interest in all of the Trade-marks of the Grantor, including, without
limitation, the Trade-marks listed on Schedule A hereto, as
collateral security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise) of the
Obligations of such Grantor.

 

Notwithstanding
any other provision set forth in this Section 2, the Grantor’s grant of
security in Trade-marks (as defined in the Trade-marks
Act (Canada)) under this Agreement shall be limited to a grant by
the Grantor of a security interest in all of the Grantor’s right, title and
interest in such Trade-marks.

 

SECTION 3.           PRECEDENCE. The security
interest granted hereby is granted in conjunction with the security interest
granted by Grantor to the Secured Parties under the Guarantee and Collateral
Agreement. The rights and remedies of the Secured Parties with respect to the
security interest granted hereby are in addition to those set forth in the
Guarantee and Collateral Agreement. In the event of any conflict between the
terms of this Agreement and the terms of the Guarantee and Collateral
Agreement, the terms of the Guarantee and Collateral Agreement shall control.

 

SECTION 4.                                RECORDATION. The Grantor authorizes the Canadian Agent
to file and record a “notice of grant of security interest” in connection with
this Agreement with the Canadian Intellectual Property Office and any other
applicable Government Authority.

 

SECTION 5.                                MODIFICATION OF AGREEMENT. This Agreement or any provision hereof may
not be changed, waived, or terminated except in accordance with the provisions
of the Guarantee and Collateral Agreement.

 

SECTION 6.                                GENERAL.

 

6.1                                 Governing Law. THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY
RELATING HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE PROVINCE OF ONTARIO AND THE FEDERAL LAWS OF
CANADA APPLICABLE THEREIN.

 

6.2                                 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the Secured Parties and Grantor and their respective
successors and assigns. Grantor shall not, without the prior written consent of
the Secured Parties given in accordance with the Credit Agreement, assign any
right, duty or obligation hereunder.

 

6.3                                 Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto on separate counterparts, each
of which when so executed, shall be deemed to be an original and all of which
taken together shall constitute one and the same instrument.

 

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the date first above written.

 

 

	
   

  	
  MATTHEWS EQUIPMENT LIMITED,
  as Grantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Harold E. Rolfe

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Harold E. Rolfe

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
						

 

 

	
   

  	
  DEUTSCHE BANK, AG, CANADA BRANCH,

  as the Canadian Agent and Canadian Collateral Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Marcellus Leung

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Marcellus Leung

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  
						

 

 

	
   

  	
  By:

  	
  /s/  David Gynn

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David Gynn

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

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