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 2023-6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 Rapid Amortization Period.

Appears in 2 contracts

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 4 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 4 Rapid Amortization Period.

Appears in 2 contracts

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232010-6 Collection Account pursuant to Section 2.5(a3.5(a) or amounts are deposited in the Series 20232010-6 Distribution Account pursuant to Section 2.3(f)(ii3.5(c) and/or (d), 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 the Administrative Agent for the accounts of the Purchaser Groups from the Series 20232010-6 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b3.5(a), (c) or and/or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Series 2023-6 Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232010-6 Rapid Amortization Period.

Appears in 2 contracts

Sources: Sixth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.), Fifth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232015-6 3 Collection Account pursuant to Section 2.5(a3.5(a) or amounts are deposited in the Series 20232015-6 3 Distribution Account pursuant to Section 2.3(f)(ii3.5(c) and/or (d), 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 the Administrative Agent for the accounts of the Purchaser Groups from the Series 20232015-6 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b3.5(a), (c) or and/or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Series 2023-6 Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232015-6 3 Rapid Amortization Period.

Appears in 2 contracts

Sources: Fourth Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.), Third Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 8 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 8 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2023 8 Supplement (Avis Budget Group, Inc.), Amended and Restated Series 2023 8 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232011-6 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232011-6 3 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232011-6 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232011-6 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232011-6 3 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232012-6 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232012-6 3 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232012-6 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232012-6 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232012-6 3 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-6 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232024-6 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 B Noteholder from the Series 20232024-6 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(f)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20232024-6 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232024-6 3 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232011-6 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232011-6 5 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232011-6 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232011-6 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232011-6 5 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232013-6 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232013-6 2 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232013-6 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232013-6 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232013-6 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232012-6 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232012-6 2 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232012-6 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232012-6 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232012-6 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2012 2 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 2 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-6 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232020-6 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 B Noteholder from the Series 20232020-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 20232020-6 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232020-6 2 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232013-6 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232013-6 1 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (de) 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 20232013-6 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount during the Series 20232013-6 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20232013-6 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.)

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 5 Collection Account pursuant to Section 56 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 5 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 3 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 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 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 2023-6 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(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount during the Series 2023-6 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2023-6 1 Rapid Amortization Period.

Appears in 1 contract

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