Common use of Past Due Rent Payments Clause in Contracts

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a), if after the occurrence of a Series 2004-1 Lease Payment Deficit, the Lessees shall make pay-ments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2004-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Invested Percentage as of the date of the occurrence of such Series 2004-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2004-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2004-1 Collection Account and apply the Series 2004-1 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

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Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 2004-1 2 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2004-1 2 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2004-1 2 Collection Account an amount equal to the Series 2004-1 2 Invested Percentage as of the date of the occurrence of such Series 2004-1 2 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2004-1 2 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2004-1 2 Collection Account and apply the Series 2004-1 2 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042003-1 4 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042003-1 4 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042003-1 4 Collection Account an amount equal to the Series 20042003-1 4 Invested Percentage as of the date of the occurrence of such Series 20042003-1 4 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042003-1 4 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042003-1 4 Collection Account and apply the Series 20042003-1 4 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Group Holdings Inc

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042005-1 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042005-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042005-1 Collection Account an amount equal to the Series 20042005-1 Invested Percentage as of the date of the occurrence of such Series 20042005-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042005-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042005-1 Collection Account and apply the Series 20042005-1 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042024-1 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042024-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042024-1 Collection Account an amount equal to the Series 20042024-1 Invested Percentage as of the date of the occurrence of such Series 20042024-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042024-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042024-1 Collection Account and apply the Series 20042024-1 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042022-1 5 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042022-1 5 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042022-1 5 Collection Account an amount equal to the Series 20042022-1 5 Invested Percentage as of the date of the occurrence of such Series 20042022-1 5 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042022-1 5 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042022-1 5 Collection Account and apply the Series 20042022-1 5 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042010-1 4 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042010-1 4 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042010-1 4 Collection Account an amount equal to the Series 20042010-1 4 Invested Percentage as of the date of the occurrence of such Series 20042010-1 4 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042010-1 4 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042010-1 4 Collection Account and apply the Series 20042010-1 4 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042006-1 Lease Payment Deficit, the Lessees shall make pay-ments pay­ments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042006-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042006-1 Collection Account an amount equal to the Series 20042006-1 Invested Percentage as of the date of the occurrence of such Series 20042006-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042006-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042006-1 Collection Account and apply the Series 20042006-1 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

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Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042003-1 5 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042003-1 5 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042003-1 5 Collection Account an amount equal to the Series 20042003-1 5 Invested Percentage as of the date of the occurrence of such Series 20042003-1 5 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042003-1 5 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042003-1 5 Collection Account and apply the Series 20042003-1 5 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Group Holdings Inc

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042003-1 5 Lease Payment Deficit, the Lessees shall make pay-ments pay­ments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042003-1 5 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042003-1 5 Collection Account an amount equal to the Series 20042003-1 5 Invested Percentage as of the date of the occurrence of such Series 20042003-1 5 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042003-1 5 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042003-1 5 Collection Account and apply the Series 20042003-1 5 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042023-1 5 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042023-1 5 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042023-1 5 Collection Account an amount equal to the Series 20042023-1 5 Invested Percentage as of the date of the occurrence of such Series 20042023-1 5 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042023-1 5 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042023-1 5 Collection Account and apply the Series 20042023-1 5 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a), if after the occurrence of a Series 2004-1 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2004-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Invested Percentage as of the date of the occurrence of such Series 2004-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2004-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2004-1 Collection Account and apply the Series 2004-1 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a2.2(a) or (b), if after the occurrence of a Series 20042005-1 4 Lease Payment Deficit, the Lessees shall make pay-ments payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 20042005-1 4 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 20042005-1 4 Collection Account an amount equal to the Series 20042005-1 4 Invested Percentage as of the date of the occurrence of such Series 20042005-1 4 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 20042005-1 4 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 20042005-1 4 Collection Account and apply the Series 20042005-1 4 Past Due Rent Payment in the following order:

Appears in 1 contract

Samples: Cendant Corp

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