Common use of Deficiency Amounts Clause in Contracts

Deficiency Amounts. If the amounts described in Sections 3.3(a), (b), (c) and (d) of this Series Supplement are insufficient to pay the Series 2009-1 Monthly Interest for any Payment Date, payments of interest to the Series 2009-1 Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Payment Date allocable to the Series 2009-1 Notes shall be referred to as the “Series 2009-1 Deficiency Amount”. Interest shall accrue on the Series 2009-1 Deficiency Amount at the applicable Series 2009-1 Note Rate.

Appears in 4 contracts

Samples: Hertz Global Holdings Inc, Cinelease, LLC, Hertz Global Holdings Inc

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Deficiency Amounts. If the amounts described in Sections 3.3(a), (b), (c) and (d) of this Series Supplement and available to pay Series 2010-1 Monthly Interest, as applicable, are insufficient to pay the Series 20092010-1 Monthly Interest for any Payment Date, payments of interest to the Series 20092010-1 Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Payment Date allocable to the Series 20092010-1 Notes shall be referred to as the a “Series 20092010-1 Deficiency Amount”. Interest shall accrue on the any Series 20092010-1 Deficiency Amount at the applicable Series 20092010-1 Note Rate.

Appears in 2 contracts

Samples: Zipcar Inc, Zipcar Inc

Deficiency Amounts. If the amounts described in Sections 3.3(a), (b), (c) and (d) of this Series Supplement are insufficient to pay the Series 20092008-1 Monthly Interest for any Payment Date, payments of interest to the Series 20092008-1 Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Payment Date allocable to the Series 20092008-1 Notes shall be referred to as the “Series 20092008-1 Deficiency Amount”. Interest shall accrue on the Series 20092008-1 Deficiency Amount at the applicable Series 20092008-1 Note Rate.

Appears in 1 contract

Samples: Hertz Global Holdings Inc

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Deficiency Amounts. If the amounts described in Sections 3.3(a9.2(a), (b), (c) and (d) of this Series Supplement are insufficient to pay the Series 20092010-1 2 Monthly Interest for any Payment Date, payments of interest to the Series 20092010-1 2 Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Payment Date allocable to the Series 20092010-1 2 Notes shall be referred to as the “Series 20092010-1 2 Deficiency Amount”. Interest shall accrue on the Series 20092010-1 2 Deficiency Amount at the applicable Series 20092010-1 2 Note Rate.

Appears in 1 contract

Samples: Hertz Global Holdings Inc

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