Common use of Class R Notes Clause in Contracts

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 Rapid Amortization Period.

Appears in 2 contracts

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 2 Rapid Amortization Period.

Appears in 2 contracts

Sources: Second Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.), Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232025-3 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232025-3 4 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232017-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232017-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232017-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2017 2 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232020-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232020-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232020-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232026-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232026-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232018-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232018-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232018-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-3 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232017-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232017-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232017-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232019-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232019-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232019-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2019 2 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section AMERICAS 130188168 56 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class R 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.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232021-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232021-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232021-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232021-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232025-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232025-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232025-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232025-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2025 1 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-3 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232019-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232019-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232019-3 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232020-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232020-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232020-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-3 7 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 7 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 7 Rapid Amortization Period.

Appears in 1 contract

Sources: Second Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 5 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 5 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232022-3 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232022-3 5 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232022-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232022-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232022-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232022-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2022 1 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-3 1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232018-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232018-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232018-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 4 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-3 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2024 3 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232019-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232019-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232019-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 4 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 4 Rapid Amortization Period.. AMERICAS 130188167 56

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232017-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232017-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232017-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-3 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232019-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232019-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232019-3 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-3 2 Collection Account pursuant to Section 2.5(aSection (a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232018-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232018-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232018-3 2 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232021-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232021-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232021-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232021-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-3 7 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 7 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 7 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232026-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232026-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232026-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232026-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2026 1 Supplement (Avis Budget Group, Inc.)

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-3 7 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled AMERICAS 128889412 57 Amortization Amount during the Series 2023-3 7 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 7 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled 57 Amortization Amount during the Series 2023-3 5 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 5 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 5 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 8 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 8 Rapid Amortization Period.. AMERICAS 130188170 56

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232020-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232020-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232020-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232025-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232025-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232025-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232025-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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 AMERICAS 129834060 56 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-3 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232018-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232018-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232018-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232019-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232019-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232019-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Series 2019 1 Supplement (Avis Budget Group, Inc.)

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 6 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-3 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to 57 make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 2 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232025-3 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232025-3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232025-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232025-3 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 8 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 6 Controlled Amortization Period or to the extent necessary to pay the Class R 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 R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 8 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 8 Rapid Amortization Period.

Appears in 1 contract

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

Class R 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) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2023-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2023-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2023-3 1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-3 1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20232024-3 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20232024-3 1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20232024-3 1 Rapid Amortization Period.

Appears in 1 contract

Sources: Amended and Restated Series 2024 1 Supplement (Avis Budget Group, Inc.)