Common use of Excess Collection Account Clause in Contracts

Excess Collection Account. If the amount paid pursuant to clause (i) of the preceding paragraph is not paid in full on the date specified therein, then on each day following such Distribution Date, the Administrator will allocate to the Series 2005-2 Collection Account on a daily basis all Designated Amounts collected on such day. On each following Distribution Date, the Trustee will withdraw a portion of such Designated Amounts from the Series 2005-2 Collection Account and deposit the same in the Series 2005-2 Distribution Account for distribution as follows:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Excess Collection Account. If the amount paid pursuant to clause (i) of the preceding paragraph is not paid in full on the date specified therein, then on each day following such Distribution Date, the Administrator will allocate to the Series 20052002-2 1 Collection Account on a daily basis all Designated Amounts collected on such day. On each following Distribution Date, the Trustee will withdraw a portion of such Designated Amounts from the Series 20052002-2 1 Collection Account and deposit the same in the Series 20052002-2 1 Distribution Account for distribution as follows:

Appears in 1 contract

Samples: Avis Group Holdings Inc

Excess Collection Account. If the amount paid pursuant to clause (i) of the preceding paragraph is not paid in full on the date specified therein, then on each day following such Distribution Date, the Administrator will allocate to the Series 20051997-2 1 Collection Account on a daily basis all Designated Amounts collected on such day. On each following Distribution Date, the Trustee will withdraw a portion of such Designated Amounts from the Series 20051997-2 1 Collection Account and deposit the same in the Series 20051997-2 1 Distribution Account for distribution as follows:

Appears in 1 contract

Samples: Avis Group Holdings Inc

Excess Collection Account. If the amount to be paid pursuant to clause (i) of the preceding paragraph is not paid in full on the date specified therein, then on each day following such Distribution Date, the Administrator will allocate to the Series 20051999-2 1 Collection Account on a daily basis all Designated Amounts collected on such day. On each following Distribution Date, the Trustee will withdraw a portion of such Designated Amounts from the Series 20051999-2 1 Collection Account and deposit the same in the Series 20051999-2 1 Distribution Account for distribution as follows:

Appears in 1 contract

Samples: Autonation Inc /Fl

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Excess Collection Account. If the amount paid pursuant to clause (i) of the preceding paragraph is not paid in full on the date specified therein, then on each day following such Distribution Date, the Administrator will allocate to the Series 20051998-2 1 Collection Account on a daily basis all Designated Amounts collected on such day. On each following Distribution Date, the Trustee will withdraw a portion of such Designated Amounts from the Series 20051998-2 1 Collection Account and deposit the same in the Series 20051998-2 1 Distribution Account for distribution as follows:

Appears in 1 contract

Samples: Avis Group Holdings Inc

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