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 2023-3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 3 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 2023-3 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 20232025-3 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232025-3 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 20232025-3 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 20232025-3 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20232025-3 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 2023-3 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 8 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 20232026-3 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232026-3 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 20232026-3 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 20232026-3 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20232026-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2026 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 2023-3 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 2023-3 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 20232022-3 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232022-3 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 20232022-3 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 20232022-3 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20232022-3 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 2023-3 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 AMERICAS 128889470 56 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2023-3 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 2023-3 8 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 8 Rapid Amortization Period.

Appears in 1 contract

Sources: 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 20232024-3 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232024-3 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 20232024-3 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 20232024-3 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20232024-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2024 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 2023-3 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 2 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 2023-3 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 1 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 AMERICAS 128869492 56 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2023-3 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 2023-3 1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 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 20232026-3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232026-3 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 20232026-3 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 20232026-3 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 20232026-3 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2026 3 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 2023-3 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 4 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 4 Rapid Amortization Period.. AMERICAS 130188167 55

Appears in 1 contract

Sources: Second 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 2023-3 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 2023-3 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 2023-3 5 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 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 2023-3 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-3 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 AMERICAS 130188168 55 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2023-3 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 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2023-3 6 Rapid Amortization Period.

Appears in 1 contract

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