Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2017-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2017-2 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 2017-2 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 2017-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2017-2 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 20172019-2 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172019-2 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 20172019-2 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 20172019-2 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172019-2 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 20172019-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172019-2 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 20172019-2 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 20172019-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172019-2 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 20172023-2 7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 7 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 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 20172024-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172024-2 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 20172024-2 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 20172024-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172024-2 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 20172023-2 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 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 20172024-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172024-2 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 20172024-2 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 20172024-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172024-2 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 20172023-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 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 20172024-2 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172024-2 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 20172024-2 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 20172024-2 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172024-2 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 20172018-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172018-2 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 20172018-2 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 20172018-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172018-2 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 20172020-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172020-2 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 20172020-2 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 20172020-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172020-2 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 20172023-2 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 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 20172023-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 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 20172018-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172018-2 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 20172018-2 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 20172018-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172018-2 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 20172022-2 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172022-2 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 20172022-2 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 20172022-2 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172022-2 5 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172026-2 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172026-2 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 20172026-2 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 20172026-2 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172026-2 4 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172025-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172025-2 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 20172025-2 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 20172025-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172025-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172025-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172025-2 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 20172025-2 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 20172025-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172025-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2017-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2017-2 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 2017-2 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 2017-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2017-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172019-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172019-2 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 20172019-2 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 20172019-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172019-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172016-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172016-2 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 20172016-2 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 20172016-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172016-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172023-2 7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 7 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 20172023-2 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 20172023-2 7 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 7 Rapid Amortization Period.
Appears in 1 contract
Sources: Amended and Restated Series 2023 7 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 20172021-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172021-2 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 20172021-2 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 20172021-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172021-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172014-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172014-2 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 20172014-2 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 20172014-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172014-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172020-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172020-2 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 20172020-2 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 20172020-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172020-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172023-2 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 8 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 20172023-2 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 20172023-2 8 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 8 Rapid Amortization Period.. AMERICAS 130188170 55
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 8 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 20172015-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172015-2 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 20172015-2 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 20172015-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172015-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172025-2 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172025-2 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 20172025-2 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 20172025-2 3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172025-2 3 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172015-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172015-2 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 20172015-2 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 20172015-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172015-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172016-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172016-2 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 20172016-2 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 20172016-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172016-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172023-2 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172023-2 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 20172023-2 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 20172023-2 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172023-2 4 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172026-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172026-2 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 20172026-2 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 20172026-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172026-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172020-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172020-2 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 20172020-2 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 20172020-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172020-2 Rapid Amortization Period.
Appears in 1 contract
Sources: Amended and Restated Series 2020 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 20172022-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172022-2 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 20172022-2 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 20172022-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172022-2 1 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172021-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172021-2 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 20172021-2 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 20172021-2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172021-2 Rapid Amortization Period.
Appears in 1 contract
Class A Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20172014-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20172014-2 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 20172014-2 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 20172014-2 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20172014-2 1 Rapid Amortization Period.
Appears in 1 contract