Common use of Monthly Payments During Controlled Amortization Period or Rapid Amortization Period Clause in Contracts

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 2003-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2003-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 2003-5 Demand Notes and/or on the Series 2003-5 Letters of Credit (or withdrawn from the Series 2003-5 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2003-5 Reserve Account and deposited into the Series 2003-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2003-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2003-5 Collection Account and deposit such amount in the Series 2003-5 Distribution Account, to be paid to the holders of the Series 2003-5 Notes.

Appears in 2 contracts

Samples: Avis Group Holdings Inc, Cendant Corp

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Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Series 2005-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032005-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032005-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032005-5 2 Demand Notes and/or on the Series 20032005-5 2 Letters of Credit (or withdrawn from the Series 20032005-5 2 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032005-5 2 Reserve Account and deposited into the Series 20032005-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032005-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032005-5 2 Collection Account and deposit such amount in the Series 20032005-5 2 Distribution Account, to be paid to the holders of the Series 20032005-5 2 Notes.

Appears in 2 contracts

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Controlled Amortization Period, the Five-Year Notes Controlled Amortization Period or the Class A-2 A-4 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 2003-5 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2003-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 2003-5 4 Demand Notes and/or on the Series 2003-5 4 Letters of Credit (or withdrawn from the Series 2003-5 4 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2003-5 4 Reserve Account and deposited into the Series 2003-5 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2003-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2003-5 4 Collection Account and deposit such amount in the Series 2003-5 4 Distribution Account, to be paid to the holders of the Series 2003-5 4 Notes.

Appears in 1 contract

Samples: Avis Group Holdings Inc

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2024-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032024-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032024-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032024-5 1 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032024-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032024-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032024-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032024-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032024-5 1 Collection Account and deposit such amount in the Series 20032024-5 1 Distribution Account, to be paid to the holders of the Series 20032024-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2019-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032019-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032019-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032019-5 3 Demand Notes and/or on the Series 20032019-5 3 Letters of Credit (or withdrawn from the Series 20032019-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032019-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032019-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032019-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032019-5 3 Collection Account and deposit such amount in the Series 20032019-5 3 Distribution Account, to be paid to the holders of the Series 20032019-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 A-1/A-2 Controlled Amortization Period, the Class A-3 Controlled Amortization Period or the Class A-2 A-4/A-5 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032005-5 2 Rapid Amortization PeriodPeriod and on each Determination Date thereafter, the Administrator Servicer shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032005-5 2 Notes of such Class during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(iic)(ii), as the case may be, (iiof this Series Supplement and, as applicable, allocated pursuant to the last sentence of Section 2.2(f) any amounts to be drawn on the of this Series 2003-5 Demand Notes and/or on the Series 2003-5 Letters of Credit (or withdrawn from the Series 2003-5 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2003-5 Reserve Account and deposited into the Series 2003-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofSupplement. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032005-5 2 Notes of such Class during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(iic)(ii), as the case may be, of this Series Supplement from the Series 20032005-5 2 Collection Account and, as applicable, withdraw the amount allocated pursuant to the last sentence of Section 2.2(f) of this Series Supplement from the Series 2005-2 Excess Collection Account and deposit such amount amounts, including any amounts reallocated to the Series 2005-2 Notes from other Series of Group I Notes pursuant to Section 5.2(c) of the Base Indenture, in the Series 20032005-5 2 Distribution Account, to be paid to the holders of the Series 20032005-5 Notes2 Notes of such Class.

Appears in 1 contract

Samples: Vanguard Car Rental Group Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2015-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032015-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032015-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032015-5 1 Demand Notes and/or on the Series 20032015-5 1 Letters of Credit (or withdrawn from the Series 20032015-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032015-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032015-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032015-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032015-5 1 Collection Account and deposit such amount in the Series 20032015-5 1 Distribution Account, to be paid to the holders of the Series 20032015-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 1 Demand Notes and/or on the Series 20032011-5 1 Letters of Credit (or withdrawn from the Series 20032011-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032011-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 1 Collection Account and deposit such amount in the Series 20032011-5 1 Distribution Account, to be paid to the holders of the Series 20032011-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2009-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032009-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032009-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032009-5 2 Demand Notes and/or on the Series 20032009-5 2 Letters of Credit (or withdrawn from the Series 20032009-5 2 Cash Collateral Account), ) and (iii) any amounts to be withdrawn from the Series 20032009-5 2 Reserve Account and deposited into the Series 20032009-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032009-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032009-5 2 Collection Account and deposit such amount in the Series 20032009-5 2 Distribution Account, to be paid to the holders of the Series 20032009-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 3 Demand Notes and/or on the Series 20032011-5 3 Letters of Credit (or withdrawn from the Series 20032011-5 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032011-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 3 Collection Account and deposit such amount in the Series 20032011-5 3 Distribution Account, to be paid to the holders of the Series 20032011-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2019-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032019-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032019-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032019-5 1 Demand Notes and/or on the Series 20032019-5 1 Letters of Credit (or withdrawn from the Series 20032019-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032019-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032019-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032019-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032019-5 1 Collection Account and deposit such amount in the Series 20032019-5 1 Distribution Account, to be paid to the holders of the Series 20032019-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2015-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032015-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032015-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032015-5 2 Demand Notes and/or on the Series 20032015-5 2 Letters of Credit (or withdrawn from the Series 20032015-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032015-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032015-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032015-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032015-5 2 Collection Account and deposit such amount in the Series 20032015-5 2 Distribution Account, to be paid to the holders of the Series 20032015-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 2 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 2 Collection Account and deposit such amount in the Series 20032023-5 2 Distribution Account, to be paid to the holders of the Series 20032023-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Series 2006-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Determina­tion Date after the commencement commence­ment of the Series 20032006-5 1 Rapid Amortization Period, the Administrator shall instruct in­struct the Trustee and the Paying Agent in writing pursuant pursu­ant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032006-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032006-5 1 Demand Notes and/or on the Series 20032006-5 1 Letters of Credit (or withdrawn from the Series 20032006-5 1 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032006-5 1 Reserve Account and deposited into the Series 20032006-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Dis­tribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032006-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032006-5 1 Collection Account and deposit such amount in the Series 20032006-5 Distribution 1 Distri­bution Account, to be paid to the holders of the Series 20032006-5 1 Notes.

Appears in 1 contract

Samples: Cendant Corp

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2014-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032014-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032014-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032014-5 1 Demand Notes and/or on the Series 20032014-5 1 Letters of Credit (or withdrawn from the Series 20032014-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032014-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032014-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032014-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032014-5 1 Collection Account and deposit such amount in the Series 20032014-5 1 Distribution Account, to be paid to the holders of the Series 20032014-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Five Year Notes Controlled Amortization Period or the Class A-2 A-3 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032005-5 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032005-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032005-5 4 Demand Notes and/or on the Series 20032005-5 4 Letters of CONFORMED COPY Credit (or withdrawn from the Series 20032005-5 4 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032005-5 4 Reserve Account and deposited into the Series 20032005-5 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032005-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032005-5 4 Collection Account and deposit such amount in the Series 20032005-5 4 Distribution Account, to be paid to the holders of the Series 20032005-5 4 Notes.

Appears in 1 contract

Samples: Cendant Corp

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Three-Year Notes Controlled Amortization Period or the Class A-2 A-3 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032004-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032004-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032004-5 2 Demand Notes and/or on the Series 20032004-5 2 Letters of Credit (or withdrawn from the Series 20032004-5 2 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032004-5 2 Reserve Account and deposited into the Series 20032004-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032004-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032004-5 2 Collection Account and deposit such amount in the Series 20032004-5 2 Distribution Account, to be paid to the holders of the Series 20032004-5 2 Notes.

Appears in 1 contract

Samples: Cendant Corp

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2018-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032018-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032018-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032018-5 2 Demand Notes and/or on the Series 20032018-5 2 Letters of Credit (or withdrawn from the Series 20032018-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032018-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032018-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032018-5 2 AMERICAS 96004183 36 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032018-5 2 Collection Account and deposit such amount in the Series 20032018-5 2 Distribution Account, to be paid to the holders of the Series 20032018-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 3 Demand Notes and/or on the Series 20032011-5 3 Letters of Credit (or withdrawn from the Series 20032011-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032011-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 3 Collection Account and deposit such amount in the Series 20032011-5 3 Distribution Account, to be paid to the holders of the Series 20032011-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2010-5 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032010-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032010-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032010-5 Demand Notes and/or on the Series 20032010-5 Letters of Credit (or withdrawn from the Series 20032010-5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032010-5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032010-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032010-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032010-5 Collection Account and deposit such amount in the Series 20032010-5 Distribution Account, to be paid to the holders of the Series 20032010-5 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2017-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032017-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032017-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032017-5 2 Demand Notes and/or on the Series 20032017-5 2 Letters of Credit (or withdrawn from the Series 20032017-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032017-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032017-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032017-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032017-5 2 Collection Account and deposit such amount in the Series 20032017-5 2 Distribution Account, to be paid to the holders of the Series 20032017-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2022-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032022-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032022-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032022-5 1 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032022-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032022-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032022-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032022-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032022-5 1 Collection Account and deposit such amount in the Series 20032022-5 1 Distribution Account, to be paid to the holders of the Series 20032022-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2017-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032017-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032017-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032017-5 2 Demand Notes and/or on the Series 20032017-5 2 Letters of Credit (or withdrawn from the Series 20032017-5 2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032017-5 2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032017-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032017-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032017-5 2 Collection Account and deposit such amount in the Series 20032017-5 2 Distribution Account, to be paid to the holders of the Series 20032017-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2018-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032018-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032018-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032018-5 2 Demand Notes and/or on the Series 20032018-5 2 Letters of Credit (or withdrawn from the Series 20032018-5 2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032018-5 2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032018-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032018-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032018-5 2 Collection Account and deposit such amount in the Series 20032018-5 2 Distribution Account, to be paid to the holders of the Series 20032018-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 1 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 1 Collection Account and deposit such amount in the Series 20032023-5 1 Distribution Account, to be paid to the holders of the Series 20032023-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2014-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032014-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032014-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032014-5 2 Demand Notes and/or on the Series 20032014-5 2 Letters of Credit (or withdrawn from the Series 20032014-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032014-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032014-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032014-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032014-5 2 Collection Account and deposit such amount in the Series 20032014-5 2 Distribution Account, to be paid to the holders of the Series 20032014-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Three-Year Notes Controlled Amortization Period or the Class A-2 A-3 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement commence-ment of the Series 20032005-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032005-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032005-5 1 Demand Notes and/or on the Series 20032005-5 1 Letters of Credit (or withdrawn from the Series 20032005-5 1 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032005-5 1 Reserve Account and deposited into the Series 20032005-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032005-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032005-5 1 Collection Account and deposit such amount in the Series 20032005-5 1 Distribution Account, to be paid to the holders of the Series 20032005-5 1 Notes.

Appears in 1 contract

Samples: Cendant Corp

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2019-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032019-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032019-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032019-5 2 Demand Notes and/or on the Series 20032019-5 2 Letters of Credit (or withdrawn from the Series 20032019-5 2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032019-5 2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032019-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032019-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032019-5 2 Collection Account and deposit such amount in the Series 20032019-5 2 Distribution Account, to be paid to the holders of the Series 20032019-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2012-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032012-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing NEWYORK 8960490 (2K)A&R Series 2012-2 Supplement (Class C Note issuance) 40 pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032012-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032012-5 2 Demand Notes and/or on the Series 20032012-5 2 Letters of Credit (or withdrawn from the Series 20032012-5 2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032012-5 2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032012-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032012-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032012-5 2 Collection Account and deposit such amount in the Series 20032012-5 2 Distribution Account, to be paid to the holders of the Series 20032012-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2013-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032013-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032013-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032013-5 1 Demand Notes and/or on the Series 20032013-5 1 Letters of Credit (or withdrawn from the Series 20032013-5 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032013-5 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032013-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032013-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032013-5 1 Collection Account and deposit such amount in the Series 20032013-5 1 Distribution Account, to be paid to the holders of the Series 20032013-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2021-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032021-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032021-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032021-5 1 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032021-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032021-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032021-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032021-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032021-5 1 Collection Account and deposit such amount in the Series 20032021-5 1 Distribution Account, to be paid to the holders of the Series 20032021-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2012-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032012-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032012-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032012-5 3 Demand Notes and/or on the Series 20032012-5 3 Letters of Credit (or withdrawn from the Series 20032012-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032012-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032012-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032012-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032012-5 3 Collection Account and deposit such amount in the Series 20032012-5 3 Distribution Account, to be paid to the holders of the Series 20032012-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2018-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032018-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032018-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032018-5 1 Demand Notes and/or on the Series 20032018-5 1 Letters of Credit (or withdrawn from the Series 20032018-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032018-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032018-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032018-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032018-5 1 Collection Account and deposit such amount in the Series 20032018-5 1 Distribution Account, to be paid to the holders of the Series 20032018-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2013-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032013-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032013-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032013-5 2 Demand Notes and/or on the Series 20032013-5 2 Letters of Credit (or withdrawn from the Series 20032013-5 2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032013-5 2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032013-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032013-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032013-5 2 Collection Account and deposit such amount in the Series 20032013-5 2 Distribution Account, to be paid to the holders of the Series 20032013-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Three-Year Notes Controlled Amortization Period or the Class A-2 A-3 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 2003-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2003-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 2003-5 3 Demand Notes and/or on the Series 2003-5 3 Letters of Credit (or withdrawn from the Series 2003-5 3 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2003-5 3 Reserve Account and deposited into the Series 2003-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2003-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2003-5 3 Collection Account and deposit such amount in the Series 2003-5 3 Distribution Account, to be paid to the holders of the Series 2003-5 3 Notes.

Appears in 1 contract

Samples: Avis Group Holdings Inc

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2010-4 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032010-5 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032010-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032010-5 4 Demand Notes and/or on the Series 20032010-5 4 Letters of Credit (or withdrawn from the Series 20032010-5 4 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032010-5 4 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032010-5 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032010-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032010-5 4 Collection Account and deposit such amount in the Series 20032010-5 4 Distribution Account, to be paid to the holders of the Series 20032010-5 4 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2013-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032013-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032013-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032013-5 1 Demand Notes and/or on the Series 20032013-5 1 Letters of Credit (or withdrawn from the Series 20032013-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032013-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032013-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032013-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032013-5 1 Collection Account and deposit such amount in the Series 20032013-5 1 Distribution Account, to be paid to the holders of the Series 20032013-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2012-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032012-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032012-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032012-5 1 Demand Notes and/or on the Series 20032012-5 1 Letters of Credit (or withdrawn from the Series 20032012-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032012-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032012-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032012-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032012-5 1 Collection Account and deposit such amount in the Series 20032012-5 1 Distribution Account, to be paid to the holders of the Series 20032012-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2010-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032010-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032010-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032010-5 3 Demand Notes and/or on the Series 20032010-5 3 Letters of Credit (or withdrawn from the Series 20032010-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032010-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032010-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032010-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032010-5 3 Collection Account and deposit such amount in the Series 20032010-5 3 Distribution Account, to be paid to the holders of the Series 20032010-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2022-5 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032022-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032022-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032022-5 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032022-5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032022-5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032022-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032022-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032022-5 Collection Account and deposit such amount in the Series 20032022-5 Distribution Account, to be paid to the holders of the Series 20032022-5 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-5 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 Demand Notes and/or on the Series 20032011-5 Letters of Credit (or withdrawn from the Series 20032011-5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032011-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 Collection Account and deposit such amount in the Series 20032011-5 Distribution Account, to be paid to the holders of the Series 20032011-5 Notes.

Appears in 1 contract

Samples: Avis Budget Rental (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2010-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032010-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032010-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032010-5 2 Demand Notes and/or on the Series 20032010-5 2 Letters of Credit (or withdrawn from the Series 20032010-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032010-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032010-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032010-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032010-5 2 Collection Account and deposit such amount in the Series 20032010-5 2 Distribution Account, to be paid to the holders of the Series 20032010-5 2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2024-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032024-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032024-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032024-5 2 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032024-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032024-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032024-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032024-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032024-5 2 Collection Account and deposit such amount in the Series 20032024-5 2 Distribution Account, to be paid to the holders of the Series 20032024-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-6 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 6 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 6 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 6 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 6 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 6 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 6 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 6 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 6 Collection Account and deposit such amount in the Series 20032023-5 6 Distribution Account, to be paid to the holders of the Series 20032023-5 6 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2019-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032019-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032019-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032019-5 2 Demand Notes and/or on the Series 20032019-5 2 Letters of Credit (or withdrawn from the Series 20032019-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032019-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032019-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032019-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032019-5 2 Collection Account and deposit such amount in the Series 20032019-5 2 Distribution Account, to be paid to the holders of the Series 20032019-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2012-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032012-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032012-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032012-5 2 Demand Notes and/or on the Series 20032012-5 2 Letters of Credit (or withdrawn from the Series 20032012-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032012-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032012-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032012-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032012-5 2 Collection Account and deposit such amount in the Series 20032012-5 2 Distribution Account, to be paid to the holders of the Series 20032012-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2012-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032012-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032012-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032012-5 3 Demand Notes and/or on the Series 20032012-5 3 Letters of Credit (or withdrawn from the Series 20032012-5 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032012-5 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032012-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032012-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032012-5 3 Collection Account and deposit such amount in the Series 20032012-5 3 Distribution Account, to be paid to the holders of the Series 20032012-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2019-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032019-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032019-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032019-5 3 Demand Notes and/or on the Series 20032019-5 3 Letters of Credit (or withdrawn from the Series 20032019-5 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032019-5 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032019-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032019-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032019-5 3 Collection Account and deposit such amount in the Series 20032019-5 3 Distribution Account, to be paid to the holders of the Series 20032019-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-4 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 4 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 4 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 4 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 4 Collection Account and deposit such amount in the Series 20032023-5 4 Distribution Account, to be paid to the holders of the Series 20032023-5 4 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2013-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032013-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032013-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032013-5 2 Demand Notes and/or on the Series 20032013-5 2 Letters of Credit (or withdrawn from the Series 20032013-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032013-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032013-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032013-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032013-5 2 Collection Account and deposit such amount in the Series 20032013-5 2 Distribution Account, to be paid to the holders of the Series 20032013-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2020-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032020-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032020-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032020-5 1 Demand Notes and/or on the Series 20032020-5 1 Letters of Credit (or withdrawn from the Series 20032020-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032020-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032020-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032020-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032020-5 1 Collection Account and deposit such amount in the Series 20032020-5 1 Distribution Account, to be paid to the holders of the Series 20032020-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 3 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 3 Collection Account and deposit such amount in the Series 20032023-5 3 Distribution Account, to be paid to the holders of the Series 20032023-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2024-3 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032024-5 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032024-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032024-5 3 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032024-5 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032024-5 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032024-5 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032024-5 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032024-5 3 Collection Account and deposit such amount in the Series 20032024-5 3 Distribution Account, to be paid to the holders of the Series 20032024-5 3 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-5 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 Collection Account and deposit such amount in the Series 20032023-5 Distribution Account, to be paid to the holders of the Series 20032023-5 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-7 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 7 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 7 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 7 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 7 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 7 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 7 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 7 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 7 Collection Account and deposit such amount in the Series 20032023-5 7 Distribution Account, to be paid to the holders of the Series 20032023-5 7 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2021-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032021-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032021-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032021-5 2 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032021-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032021-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032021-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032021-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032021-5 2 Collection Account and deposit such amount in the Series 20032021-5 2 Distribution Account, to be paid to the holders of the Series 20032021-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2018-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032018-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032018-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032018-5 1 Demand Notes and/or on the Series 20032018-5 1 Letters of Credit (or withdrawn from the Series 20032018-5 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032018-5 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032018-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032018-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032018-5 1 Collection Account and deposit such amount in the Series 20032018-5 1 Distribution Account, to be paid to the holders of the Series 20032018-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2023-8 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032023-5 8 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032023-5 8 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032023-5 8 Demand Notes and/or on the Multi-Series 2003-5 Letters of Credit (or withdrawn from the Series 20032023-5 8 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032023-5 8 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032023-5 8 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032023-5 8 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032023-5 8 Collection Account and deposit such amount in the Series 20032023-5 8 Distribution Account, to be paid to the holders of the Series 20032023-5 8 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2020-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032020-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032020-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032020-5 2 Demand Notes and/or on the Series 20032020-5 2 Letters of Credit (or withdrawn from the Series 20032020-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032020-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032020-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032020-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032020-5 2 Collection Account and deposit such amount in the Series 20032020-5 2 Distribution Account, to be paid to the holders of the Series 20032020-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Class A-1 Series 2007-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032007-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20032007-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20032007-5 2 Demand Notes and/or on the Series 20032007-5 2 Letters of Credit (or withdrawn from the Series 20032007-5 2 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20032007-5 2 Reserve Account and deposited into the Series 20032007-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032007-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032007-5 2 Collection Account and deposit such amount in the Series 20032007-5 2 Distribution Account, to be paid to the holders of the Series 20032007-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2017-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032017-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032017-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032017-5 1 Demand Notes and/or on the Series 20032017-5 1 Letters of Credit (or withdrawn from the Series 20032017-5 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032017-5 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032017-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032017-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032017-5 1 Collection Account and deposit such amount in the Series 20032017-5 1 Distribution Account, to be paid to the holders of the Series 20032017-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-5 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 Demand Notes and/or on the Series 20032011-5 Letters of Credit (or withdrawn from the Series 20032011-5 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032011-5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 Collection Account and deposit such amount in the Series 20032011-5 Distribution Account, to be paid to the holders of the Series 20032011-5 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2020-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032020-5 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032020-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032020-5 1 Demand Notes and/or on the Series 20032020-5 1 Letters of Credit (or withdrawn from the Series 20032020-5 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032020-5 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20032020-5 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032020-5 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032020-5 1 Collection Account and deposit such amount in the Series 20032020-5 1 Distribution Account, to be paid to the holders of the Series 20032020-5 1 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Class A-1 Series 2011-2 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20032011-5 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20032011-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20032011-5 2 Demand Notes and/or on the Series 20032011-5 2 Letters of Credit (or withdrawn from the Series 20032011-5 2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20032011-5 2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20032011-5 2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20032011-5 2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20032011-5 2 Collection Account and deposit such amount in the Series 20032011-5 2 Distribution Account, to be paid to the holders of the Series 20032011-5 2 Notes.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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