Common use of Decreases Clause in Contracts

Decreases. On any Business Day (x) during the Series 2015-3 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account, or (y) during the Series 2015-3 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account and/or the Series 2015-3 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 3 contracts

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

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Decreases. On any Business Day (x) during the Series 20152010-3 6 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152010-3 6 Excess Collection Account, or (y) during the Series 20152010-3 6 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152010-3 6 Excess Collection Account and/or the Series 20152010-3 6 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 20152010-3 6 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 3 contracts

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

Decreases. On any Business Day (x) during the Series 20152010-3 6 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152010-3 6 Excess Collection Account, or (y) during the any Series 20152010-3 6 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152010-3 6 Excess Collection Account and/or the Series 20152010-3 6 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 20152010-3 6 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 2 contracts

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

Decreases. On any Business Day (x) during the Series 2015-3 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account, or (y) during the any Series 2015-3 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account and/or the Series 2015-3 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 2 contracts

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

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Decreases. On any Business Day (x) during the Series 20152022-3 2 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152022-3 2 Excess Collection Account, or (y) during the Series 20152022-3 2 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152022-3 2 Excess Collection Account and/or the Series 20152022-3 2 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 20152022-3 2 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Decreases. On any Business Day (x) during the Series 20152005-3 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152005-3 Excess Collection Account, or (y) during the Series 20152005-3 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 20152005-3 Excess Collection Account and/or the Series 20152005-3 Collection Account, in each case, case in accordance with the written instructions of the AdministratorAdmin-istrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 20152005-3 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).

Appears in 1 contract

Samples: Master Agreement (Cendant Corp)

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