Common use of Class B Notes Clause in Contracts

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2019-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2019-1 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 B Noteholder from the Series 2019-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2019-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2019-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192010-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192010-1 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 B Noteholder from the Series 20192010-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192010-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192010-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192018-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192018-1 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 B Noteholder from the Series 20192018-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192018-1 2 Rapid Amortization Period.. AMERICAS 96004183 40

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192017-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192017-1 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 B Noteholder from the Series 20192017-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192017-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192015-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192015-1 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 B Noteholder from the Series 20192015-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192015-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192015-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 6 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 6 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192011-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192011-1 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 B Noteholder from the Series 20192011-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192011-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192011-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192012-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192012-1 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 B Noteholder from the Series 20192012-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192012-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192012-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2019-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2019-1 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 B Noteholder from the Series 2019-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2019-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192017-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192017-1 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 B Noteholder from the Series 20192017-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192017-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192017-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192022-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192022-1 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 B Noteholder from the Series 20192022-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192022-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192022-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192012-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192012-1 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 B Noteholder from the Series 20192012-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192012-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192012-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192018-1 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 B Noteholder from the Series 20192018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192018-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192018-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192010-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192010-1 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 B Noteholder from the Series 20192010-1 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192010-1 4 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192010-1 4 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192020-1 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 B Noteholder from the Series 20192020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192020-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192020-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2019-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2019-1 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 B Noteholder from the Series 2019-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2019-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192013-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192013-1 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 B Noteholder from the Series 20192013-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192013-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192013-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 7 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 7 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192021-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192021-1 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 B Noteholder from the Series 20192021-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192021-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192021-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192010-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192010-1 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 B Noteholder from the Series 20192010-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192010-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192010-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2019-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2019-1 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 B Noteholder from the Series 2019-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2019-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 8 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 8 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192010-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192010-1 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 B Noteholder from the Series 20192010-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192010-1 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192010-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192022-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192022-1 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 B Noteholder from the Series 20192022-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192022-1 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192022-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192014-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192014-1 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 B Noteholder from the Series 20192014-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192014-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192014-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192012-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192012-1 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 B Noteholder from the Series 20192012-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192012-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192012-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192020-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192020-1 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 B Noteholder from the Series 20192020-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192020-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192020-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192013-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192013-1 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 B Noteholder from the Series 20192013-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192013-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192013-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192017-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192017-1 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 B Noteholder from the Series 20192017-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192017-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192021-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192021-1 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 B Noteholder from the Series 20192021-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192021-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192021-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192018-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192018-1 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 B Noteholder from the Series 20192018-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192018-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192015-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192015-1 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 B Noteholder from the Series 20192015-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192015-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192015-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192011-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192011-1 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 B Noteholder from the Series 20192011-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192011-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192011-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192016-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192016-1 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 B Noteholder from the Series 20192016-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192016-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192016-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192011-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192011-1 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 B Noteholder from the Series 20192011-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192011-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192011-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192024-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192024-1 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 B Noteholder from the Series 20192024-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192024-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192024-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192018-1 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 B Noteholder from the Series 20192018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192018-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192018-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192011-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192011-1 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 B Noteholder from the Series 20192011-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20192011-1 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192011-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Rental (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2019-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2019-1 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 B Noteholder from the Series 2019-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2019-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192016-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192016-1 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 B Noteholder from the Series 20192016-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192016-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192016-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192014-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192014-1 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 B Noteholder from the Series 20192014-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount 36 applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192014-1 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192014-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192023-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192023-1 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 B Noteholder from the Series 20192023-1 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192023-1 4 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192023-1 4 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20192020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20192020-1 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 B Noteholder from the Series 20192020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20192020-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20192020-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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