Common use of Distributions in General Clause in Contracts

Distributions in General. (a) Unless otherwise specified in the applicable Supplement, on each Distribution Date with respect to each Outstanding Series, (i) the Paying Agent shall deposit (in accordance with the Monthly Certificate delivered by the Servicer to the Trustee) in the Distribution Account for each such Series the amounts on deposit in the Collection Account allocable to Noteholders of such Series as interest and, if during an Amortization Period, principal, and (ii) to the extent provided for in the applicable Supplement, the Trustee (in accordance with the Monthly Certificate or other instructions of the Servicer) shall deposit in the Distribution Account for each such Series the amount of Enhancement for such Series drawn in connection with such Distribution Date.

Appears in 2 contracts

Samples: Republic Industries Inc, Republic Industries Inc

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Distributions in General. (a) Unless otherwise specified in the applicable Series Supplement, on each Distribution Date with respect to each Outstanding Series, (i) the Trustee or the Paying Agent shall deposit (in accordance with the Monthly Certificate delivered by the Servicer to the Trustee) in the Distribution Account for each such Series the amounts on deposit in the Collection Account (or in the case of a Segregated Series of Notes, the collection account established pursuant to the related Series Supplement) allocable to Noteholders of such Series as interest and, if during an Amortization Period, principal, and (ii) to the extent provided for in the applicable Series Supplement, the Trustee (in accordance with the Monthly Certificate or other instructions of the Servicer) shall deposit in the Distribution Account for each such Series the amount of Enhancement for such Series drawn in connection with such Distribution Date.

Appears in 2 contracts

Samples: Vanguard Car Rental Group Inc., Vanguard Car Rental Group Inc.

Distributions in General. (a) Unless otherwise specified in the applicable Series Supplement, on each Distribution Date with respect to each Outstanding Series, (i) the Trustee or the Paying Agent shall deposit (in accordance with the Monthly Certificate Noteholders’ Statement delivered by the Servicer to the Trustee) in the Distribution Account for each such Series the amounts on deposit in the Collection Account allocable to Noteholders of such Series as interest and, if during an Amortization Period, principal, and (ii) to the extent provided for in the applicable Series Supplement, the Trustee (in accordance with the Monthly Certificate or other instructions of the Servicer) shall deposit in the Distribution Account for each such Series the amount of Enhancement for such Series drawn in connection with such Distribution Date.

Appears in 1 contract

Samples: Vanguard Car Rental Group Inc.

Distributions in General. (a) Unless otherwise specified in the applicable Supplement, on each Distribution Date with respect to each Outstanding Series, (i) the Paying Agent shall deposit (in accordance with the Monthly Certificate certificate delivered by the Servicer to the TrusteeTrustee pursuant to Section 4.4(b)) in the Distribution Account for each such Series the amounts on deposit in the Collection Account allocable to Noteholders of such Series as interest and, if during an Amortization Period, principal, and (ii) to the extent provided for in the applicable Supplement, the Trustee (in accordance with the Monthly Certificate or other instructions of the Servicer) shall deposit in the Distribution Account for each such Series the amount of Enhancement for such Series to be drawn in connection with such Distribution Date.

Appears in 1 contract

Samples: Base Indenture (Team Rental Group Inc)

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Distributions in General. (a) Unless otherwise specified in the applicable Series Supplement, on each Distribution Date with respect to each Outstanding Series, (i) the Trustee or the Paying Agent shall deposit (in accordance with the Monthly Certificate Noteholders' Statement delivered by the Servicer to the Trustee) in the Distribution Account for each such Series the amounts on deposit in the Group III Collection Account or Group-Specific Collection Account, as applicable, allocable to Noteholders of such Series as interest and, if during an Amortization Periodapplicable, principal, and (ii) to the extent provided for in the applicable Series Supplement, the Trustee (in accordance with the Monthly Certificate or other instructions of the Servicer) shall deposit in the Distribution Account for each such Series the amount of Enhancement for such Series drawn in connection with such Distribution Date.

Appears in 1 contract

Samples: Base Indenture (Anc Rental Corp)

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