Common use of Excess Collection Account Clause in Contracts

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 2015-3 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 2015-3 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 2015-3 Noteholders.

Appears in 3 contracts

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

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Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152010-3 6 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152010-3 6 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152010-3 6 Noteholders.

Appears in 3 contracts

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

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152005-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152005-3 2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152005-3 2 Noteholders.

Appears in 2 contracts

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

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152004-3 4 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152004-3 Rapid 4 Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152004-3 4 Noteholders.

Appears in 2 contracts

Samples: Cendant Corp, Cendant Corp

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20151997-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20151997-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20151997-3 1 Noteholders.

Appears in 1 contract

Samples: Avis Group Holdings Inc

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152009-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152009-3 2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152009-3 2 Noteholders.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152002-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152002-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152002-3 1 Noteholders.

Appears in 1 contract

Samples: Avis Group Holdings Inc

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152002-3 4 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152002-3 Rapid 4 Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152002-3 4 Noteholders.. -57- ARTICLE VI

Appears in 1 contract

Samples: Operating Lease Loan Agreement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152009-3 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152009-3 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152009-3 Noteholders.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152004-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152004-3 2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152004-3 2 Noteholders.

Appears in 1 contract

Samples: Cendant Corp

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152010-3 6 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152010-3 6 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152010-3 6 Noteholders.. 71 ARTICLE VI

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 2015-3 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 2015-3 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 2015-3 Noteholders.. 107

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152009-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152009-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152009-3 1 Noteholders.. -39- ARTICLE V FORM OF SERIES 2009-1 NOTES

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20151998-3 1 Excess Collection Account for allocation and and-distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20151998-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20151998-3 1 Noteholders.

Appears in 1 contract

Samples: Avis Group Holdings Inc

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Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152005-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152005-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152005-3 1 Noteholders.

Appears in 1 contract

Samples: Cendant Corp

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Desig­nated Amounts will be re-allocated to the Series 20152006-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152006-3 1 Rapid Amortization Amor­tization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated allo­cated to the Series 20152006-3 1 Noteholders.

Appears in 1 contract

Samples: Cendant Corp

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152003-3 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152003-3 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152003-3 Noteholders.

Appears in 1 contract

Samples: Avis Group Holdings Inc

Excess Collection Account. If the Requisite Required Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152002-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documentsthis Series Supplement. In the event that the Series 20152002-3 2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Group IV Principal Collections allocated to the Series 20152002-3 2 Noteholders.

Appears in 1 contract

Samples: Lease and Servicing Agreement (Anc Rental Corp)

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152002-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152002-3 Rapid 2 Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152002-3 2 Noteholders.

Appears in 1 contract

Samples: Operating Lease Loan Agreement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152004-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152004-3 Rapid 1 Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152004-3 1 Noteholders.

Appears in 1 contract

Samples: Cendant Corp

Excess Collection Account. If the Requisite Required Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20151999-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20151999-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20151999-3 1 Noteholders.

Appears in 1 contract

Samples: Autonation Inc /Fl

Excess Collection Account. If the Requisite Noteholders do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152022-3 2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152022-3 2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152022-3 2 Noteholders.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20152001-3 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20152001-3 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20152001-3 1 Noteholders.

Appears in 1 contract

Samples: Avis Group Holdings Inc

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