Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. The Series 2009-1 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 after the Series 2009-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 Initial Invested Amount (the “Series 2009-1 Repurchase Amount”). The repurchase price for any Series 2009-1 Note shall equal the aggregate outstanding principal balance of such Series 2009-1 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

Sources: Series 2009 1 Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092013-1 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 after the Series 20092013-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092013-1 Repurchase Amount”). The repurchase price for any Series 20092013-1 Note shall equal the aggregate outstanding principal balance of such Series 20092013-1 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

Sources: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092011-1 Repurchase Amount”). The repurchase price for any Series 20092011-1 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 3 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092011-1 3 Repurchase Amount”). The repurchase price for any Series 20092011-1 3 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092012-1 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 after the Series 20092012-1 3 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092012-1 3 Repurchase Amount”). The repurchase price for any Series 20092012-1 3 Note shall equal the aggregate outstanding principal balance of such Series 20092012-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 2009-1 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 after the Series 2009-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 2 Initial Invested Amount (the “Series 2009-1 2 Repurchase Amount”). The repurchase price for any Series 2009-1 2 Note shall equal the aggregate outstanding principal balance of such Series 2009-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092010-1 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 after the Series 20092010-1 5 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092010-1 5 Repurchase Amount”). The repurchase price for any Series 20092010-1 5 Note shall equal the aggregate outstanding principal balance of such Series 20092010-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092010-1 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 after the Series 20092010-1 3 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount and the Class B Initial Invested Amount (the “Series 20092010-1 3 Repurchase Amount”). The repurchase price for any Series 20092010-1 3 Note shall equal the aggregate outstanding principal balance of such Series 20092010-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092014-1 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 after the Series 20092014-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092014-1 Repurchase Amount”). The repurchase price for any Series 20092014-1 Note shall equal the aggregate outstanding principal balance of such Series 20092014-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092012-1 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 after the Series 20092012-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092012-1 Repurchase Amount”). The repurchase price for any Series 20092012-1 Note shall equal the aggregate outstanding principal balance of such Series 20092012-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092012-1 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 after the Series 20092012-1 3 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092012-1 3 Repurchase Amount”). The repurchase price for any Series 20092012-1 3 Note shall equal the aggregate outstanding principal balance of such Series 20092012-1 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

Sources: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092013-1 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 after the Series 20092013-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092013-1 2 Repurchase Amount”). The repurchase price for any Series 20092013-1 2 Note shall equal the aggregate outstanding principal balance of such Series 20092013-1 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

Sources: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092013-1 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 after the Series 20092013-1 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 2009▇▇▇▇-1 Repurchase ▇ ▇▇▇▇▇▇▇▇▇▇ Amount”). The repurchase price for any Series 20092013-1 Note shall equal the aggregate outstanding principal balance of such Series 20092013-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092013-1 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 after the Series 20092013-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092013-1 2 Repurchase Amount”). The repurchase price for any Series 20092013-1 2 Note shall equal the aggregate outstanding principal balance of such Series 20092013-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092011-1 2 Repurchase Amount”). The repurchase price for any Series 20092011-1 2 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 3 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092011-1 3 Repurchase Amount”). The repurchase price for any Series 20092011-1 3 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092010-1 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 after the Series 20092010-1 4 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092010-1 4 Repurchase Amount”). The repurchase price for any Series 20092010-1 4 Note shall equal the aggregate outstanding principal balance of such Series 20092010-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092012-1 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 after the Series 20092012-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092012-1 2 Repurchase Amount”). The repurchase price for any Series 20092012-1 2 Note shall equal the aggregate outstanding principal balance of such Series 20092012-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092010-1 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 after the Series 20092010-1 2 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount and the Class B Initial Invested Amount (the “Series 20092010-1 2 Repurchase Amount”). The repurchase price for any Series 20092010-1 2 Note shall equal the aggregate outstanding principal balance of such Series 20092010-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 5 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and, if issued, the initial invested amount of the Class C Notes (the “Series 20092011-1 5 Repurchase Amount”). The repurchase price for any Series 20092011-1 5 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Series Supplement (Avis Budget Group, Inc.)

Optional Repurchase. The Series 20092011-1 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 after the Series 20092011-1 5 Invested Amount is reduced to an amount less than or equal to 10% of the Series 2009-1 sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount (the “Series 20092011-1 5 Repurchase Amount”). The repurchase price for any Series 20092011-1 5 Note shall equal the aggregate outstanding principal balance of such Series 20092011-1 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

Sources: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)