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 2010-6 Collection Account pursuant to Section 3.5(a) or amounts are deposited in the Series 2010-6 Distribution Account pursuant to Section 3.5(c) and/or (d), the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Administrative Agent for the accounts of the Purchaser Groups from the Series 2010-6 Distribution Account the amount deposited therein pursuant to Section 3.5(a), (c) and/or (d) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2010-6 Rapid Amortization Period.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20102015-6 3 Collection Account pursuant to Section 3.5(a) or amounts are deposited in the Series 20102015-6 3 Distribution Account pursuant to Section 3.5(c) and/or (d), the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Administrative Agent for the accounts of the Purchaser Groups from the Series 20102015-6 3 Distribution Account the amount deposited therein pursuant to Section 3.5(a), (c) and/or (d) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102015-6 3 Rapid Amortization Period.

Appears in 2 contracts

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20102012-6 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102012-6 2 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102012-6 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2012-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102012-6 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 20102013-6 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102013-6 2 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102013-6 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2013-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102013-6 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 20102013-6 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102013-6 1 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102013-6 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2013-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102013-6 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 20102012-6 3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102012-6 3 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102012-6 3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2012-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102012-6 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 20102011-6 3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102011-6 3 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102011-6 3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102011-6 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

AutoNDA by SimpleDocs

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20102023-6 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102023-6 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102023-6 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102023-6 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 20102023-6 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102023-6 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102023-6 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102023-6 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 20102011-6 5 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20102011-6 5 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20102011-6 5 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20102011-6 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.