Common use of Class A Notes Clause in Contracts

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2024-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2024-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2024-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2024-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2024-1 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2024 1 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242018-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242018-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242018-1 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2024-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2024-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2024-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2024-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2024-1 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 2 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 7 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 7 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 7 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242018-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242018-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242018-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242018-1 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242020-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242020-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242020-1 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2020 1 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2024-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2024-1 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2024-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2024-1 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2024-1 3 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2024 3 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242019-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242019-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242019-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242019-1 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.), Series 2019 2 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 5 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 5 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 5 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 3 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 3 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242019-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242019-1 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242019-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242019-1 3 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 1 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242017-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242017-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242017-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242017-1 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Amended and Restated Series Supplement (Avis Budget Group, Inc.), Series 2017 2 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242019-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242019-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242019-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242019-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242019-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2019 1 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242016-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242016-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242016-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242016-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242016-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 6 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 6 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 6 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 6 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242015-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242015-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242015-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242015-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242015-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242025-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242025-1 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242025-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242025-1 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242025-1 3 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242015-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242015-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242015-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242015-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242015-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242010-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242010-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242010-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amortization Amount during the Series 20242010-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242010-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242022-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242022-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242022-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242022-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242022-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2022 1 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242025-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242025-1 4 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242025-1 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242025-1 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242025-1 4 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2025 4 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242016-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242016-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242016-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242016-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242016-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242021-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242021-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242021-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242021-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242021-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242010-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242010-1 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242010-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amortization Amount during the Series 20242010-1 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242010-1 3 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 4 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 4 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242025-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242025-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242025-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242025-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242025-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2025 1 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 6 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 6 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 6 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 2 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 2 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242021-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242021-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242021-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242021-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242021-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242014-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242014-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242014-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242014-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242014-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242020-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242020-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242020-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242020-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242020-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242025-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242025-1 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242025-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242025-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242025-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242014-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242014-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242014-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242014-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242014-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 8 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 8 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 8 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 5 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 5 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 5 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242022-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242022-1 5 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242022-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242022-1 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242022-1 5 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2022 5 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242022-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242022-1 5 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242022-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242022-1 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242022-1 5 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242023-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242023-1 4 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242023-1 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242023-1 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242023-1 4 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 4 Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242017-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242017-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242017-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242017-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242017-1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20242020-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20242020-1 2 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 20242020-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 20242020-1 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20242020-1 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2020 2 Supplement (Avis Budget Group, Inc.)