Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) The Series 2019-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 2019-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Optional Repurchase. (a) The Series 20192017-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), and the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002017-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 20192017-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 3 Repurchase Amount”). The repurchase price for any Series 20192023-2 3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192021-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192021-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192021-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192021-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192017-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002017-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192017-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192022-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192022-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192022-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192022-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 7 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 7 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 7 Repurchase Amount”). The repurchase price for any Series 20192023-2 7 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 7 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192021-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192021-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192021-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192021-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-2 3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-2 3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002019-0 Xxxxxxxxxx 3 Repurchase Amount”). The repurchase price for any Series 2019-2 3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-2 3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 4 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 4 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 4 Repurchase Amount”). The repurchase price for any Series 20192023-2 4 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 4 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 6 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 6 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 6 Repurchase Amount”). The repurchase price for any Series 20192023-2 6 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 6 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192016-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192016-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002016-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 20192016-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192016-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192017-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), and the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002017-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192017-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192018-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002019-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 2019-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 20192023-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002018-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192018-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 8 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 8 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 8 Repurchase Amount”). The repurchase price for any Series 20192023-2 8 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 8 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002018-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 20192018-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Optional Repurchase. (a) The Series 2019-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002019-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 2019-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 5 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 5 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 5 Repurchase Amount”). The repurchase price for any Series 20192023-2 5 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 5 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192015-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192015-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002015-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192015-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192015-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192016-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192016-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002016-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192016-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192016-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-2 3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-2 3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002019-0 Xxxxxxxxxx 3 74 Repurchase Amount”). The repurchase price for any Series 2019-2 3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-2 3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192024-2 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192024-2 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002024-0 Xxxxxxxxxx 1 Repurchase Amount”). The repurchase price for any Series 20192024-2 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192024-2 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192022-2 5 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192022-2 5 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192022-2 5 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192022-2 5 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 0000-0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192018-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 00002023-0 Xxxxxxxxxx 2 Repurchase Amount”). The repurchase price for any Series 20192023-2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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