Common use of Breakage Clause in Contracts

Breakage. Subject to and in accordance with Section 3.6 (Funding Losses), with respect to each Class A Mandatory Decrease, HVF III shall reimburse each Class A Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class A Mandatory Decrease.

Appears in 5 contracts

Sources: Third Amended and Restated Series 2021 a Supplement (Hertz Corp), Second Amended and Restated Series 2021 a Supplement (Hertz Global Holdings, Inc), Second Amended and Restated Series 2021 a Supplement (Hertz Corp)

Breakage. Subject to and in accordance with Section 3.6 (Funding Losses), with respect to each Class A Mandatory Voluntary Decrease, HVF III shall reimburse each Class A Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class A Mandatory Voluntary Decrease.

Appears in 5 contracts

Sources: Third Amended and Restated Series 2021 a Supplement (Hertz Corp), Second Amended and Restated Series 2021 a Supplement (Hertz Global Holdings, Inc), Second Amended and Restated Series 2021 a Supplement (Hertz Corp)