Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 2000-3 Notes. (a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000-3 NOTES. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 2000-3 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 2000-3 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (x) first, an amount equal to the Series 2000-3 Monthly Interest for the Series 2000-3 Interest Period ending on the day preceding the related Distribution Date, (y) second, an amount equal to the amount of any unpaid Series 2000-3 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Shortfall) and (z) third, an amount equal to the Surety Provider Fee for such Series 2000-3 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in Section 2.3 from the Series 2000-3 Accrued Interest Account and deposit such amounts in the Series 2000-3 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the AMERICAS 129552364 40 Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES2 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 2 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 2 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002023-3 2 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2023-2 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2023-2 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2023-2 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 2 Accrued Interest Account and deposit such amounts in the Series 20002023-3 2 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 2 Supplement (Avis Budget Group, Inc.)
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 20002003-3 2 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002003-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 20002003-3 2 NOTES. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002003-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002003-3 2 Notes and the Series 20002003-3 2 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (x) first, an amount equal to the Series 20002003-3 2 Monthly Interest for the Series 20002003-3 2 Interest Period ending on the day preceding the related Distribution Date, (y) second, an amount equal to the amount of any unpaid Series 20002003-3 2 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 20002003-3 2 Shortfall) and (z) third, an amount equal to the Surety Provider Fee for such Series 20002003-3 2 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002003-3 2 Accrued Interest Account and deposit such amounts in the Series 20002003-3 2 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdrawwithdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 20002003-3 5 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002003-3 5 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with respect to the Series 2003-3 NOTES5 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002003-3 5 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002003-3 5 Notes and the Series 20002003-3 5 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (x) first, an amount equal to the Series 20002003-3 5 Monthly Interest for the Series 20002003-3 5 Interest Period ending on the day preceding the related Distribution Date, (y) second, an amount equal to the amount of any unpaid Series 20002003-3 5 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 20002003-3 5 Shortfall) and (z) third, an amount equal to the Surety Provider Fee for such Series 20002003-3 5 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002003-3 5 Accrued Interest Account and deposit such amounts in the Series 20002003-3 5 Distribution Account.
Appears in 1 contract
Sources: Series Supplement (Cendant Corp)
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 4 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES4 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 4 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 4 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 4 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002023-3 4 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2023-4 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2023-4 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2023-4 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 4 Accrued Interest Account and deposit such amounts in the Series 20002023-3 4 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 4 Supplement (Avis Budget Group, Inc.)
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest AMERICAS 96004183 32 Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002018-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2018-3 NOTES2 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002018-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002018-3 2 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002018-3 2 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002018-3 2 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2018-2 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class R Monthly Interest for the Series 2018-2 Interest Period ending on the day preceding the related Distribution Date and owing(viii) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002018-3 2 Accrued Interest Account and deposit such amounts in the Series 20002018-3 2 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002021-3 1 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2021-3 NOTES1 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002021-3 1 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002021-3 1 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002021-3 1 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002021-3 1 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2021-1 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2021-1 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2021-1 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002021-3 1 Accrued Interest Account and deposit such amounts in the Series 20002021-3 1 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 6 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES6 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 6 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 6 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 6 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002023-3 6 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2023-6 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class R Monthly Interest for the Series 2023-6 Interest Period ending on the day preceding the related Distribution Date and owing(viii) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 6 Accrued Interest Account and deposit such amounts in the Series 20002023-3 6 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 8 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES8 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 8 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 8 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 8 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002023-3 8 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 8 Accrued Interest Account and deposit such amounts in the Series 20002023-3 8 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 8 Supplement (Avis Budget Group, Inc.)
Payments to Noteholders. On each Determination Date, as provided below, below the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following each Distribution Date related to the Series 2001-2 Notes of each Class occurring during the period from and including such Determination Date to but excluding the next succeeding Determination Date, the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections 2.3(a3.3(a) and (g) below in respect of all funds available from Series 20002001-3 2 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002001-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 20002001-3 2 NOTES. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and deposited in the Series 2001-2 Collection Account and paid pursuant to Section 2.4 3.4 of this Supplement from the Series 20002001-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 2000-3 Notes and the Series 20002001-3 2 Interest Rate Cap Proceeds on each Distribution Date related to the Series 2001-2 Notes of each Class occurring during the period from and including the Program Distribution Date related to such Determination Date to but excluding the next succeeding Program Distribution Date, in each case processed from but not including the preceding Program Distribution Date through preceding such Determination Date to and including the next succeeding Program Distribution Date in respect of (w) first, PRO RATA, to the Auction Agent, the Auction Agent Fee payable in respect of the Series 2001-2 Notes of such Class on such Distribution Date, and to each applicable Broker-Dealer, the Broker-Dealer Fee payable in respect of the Series 2001-2 Notes of such Class payable in respect of the Series 2001-2 Notes of such Class on such Distribution Date, (x) firstsecond, an amount equal to the Series 20002001-3 Monthly 2 Periodic Interest for the Series 20002001-3 2 Notes of such Class for the Interest Period ending on the day preceding the related such Distribution Date, (y) secondthird, an amount equal to the amount of any unpaid Shortfalls with respect to the Series 20002001-3 Shortfall 2 Notes of such Class as of the preceding Distribution Date with respect to the Series 2001-2 Notes of such Class (together with any accrued interest on such Series 2000-3 Shortfall) and (z) thirdfourth, an amount equal to the Surety Provider Fee with respect to the Series 2001-2 Notes of such Class for such Series 2000-3 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution DateDate with respect to the Series 2001-2 Notes of such Class, the Trustee shall withdraw the amounts described in this Section 2.3 3.3 from the Series 20002001-3 2 Accrued Interest Account and deposit such amounts in the Series 20002001-3 2 Distribution Account.
Appears in 1 contract
Sources: Amended and Restated Series 2001 2 Supplement (Avis Group Holdings Inc)
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002017-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2017-3 NOTES2 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002017-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002017-3 2 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the AMERICAS 93983148 (2K) 32 preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002017-3 2 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002017-3 2 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2017-2 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class R Monthly Interest for the Series 2017-2 Interest Period ending on the day preceding the related Distribution Date and owing(viii) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002017-3 2 Accrued Interest Account and deposit such amounts in the Series 20002017-3 2 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 20002003-3 5 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002003-3 5 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with respect to the Series 2003-3 NOTES5 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002003-3 5 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002003-3 5 Notes and the Series 20002003-3 5 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (x) first, an amount equal to the Series 20002003-3 5 Monthly Interest for the Series 20002003-3 5 Interest Period ending on the day preceding the related Distribution Date, (y) second, an amount equal to the amount of any unpaid Series 20002003-3 5 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 20002003-3 5 Shortfall) and (z) third, an amount equal to the Surety Provider Fee for such Series 20002003-3 5 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002003-3 5 Accrued Interest Account and deposit such amounts in the Series 20002003-3 5 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002026-3 1 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2026-3 NOTES1 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002026-3 1 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002026-3 1 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002026-3 1 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002026-3 1 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2026-1 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2026-1 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2026-1 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002026-3 1 Accrued Interest Account and deposit such amounts in the Series 20002026-3 1 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class D Notes for so long as ABRCF owns 100% of the Class D Notes.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002026-3 2 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2026-3 NOTES2 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002026-3 2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002026-3 2 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002026-3 2 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002026-3 2 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2026-2 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2026-2 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2026-2 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002026-3 2 Accrued Interest Account and deposit such amounts in the Series 20002026-3 2 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class D Notes for so long as ABRCF owns 100% of the Class D Notes.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 8 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES8 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 8 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 8 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 8 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class A Shortfall), (iii) an amount equal to the Class B Monthly Interest for the Series 2000AMERICAS 128889470 41 2023-3 8 Interest Period ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) and an amount equal to the Class C Monthly Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date, (zvi) thirdan amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Senior Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Senior Interest Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Senior Interest Shortfall), (ix) if either (A) no Series 2023-8 Rapid Amortization Period is continuing as of such Determination Date or (B) no Class A Notes, Class B Notes or Class C Notes are outstanding as of such Determination Date, an amount equal to the Surety Provider Fee Class D Monthly Subordinated Interest for such the Series 20002023-3 8 Interest Period plus ending on the day preceding the related Distribution Date, (x) if either (A) no Series 2023-8 Rapid Amortization Period is continuing as of such Determination Date or (B) no Class A Notes, Class B Notes or Class C Notes are outstanding as of such Determination Date, an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class D Subordinated Interest Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Subordinated Interest Shortfall), (xi) an amount equal to the Class R Monthly Interest for the Series 2023-8 Interest Period ending on the day preceding the related Distribution Date and owing(xii) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 8 Accrued Interest Account and deposit such amounts in the Series 20002023-3 8 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 8 Supplement (Avis Budget Group, Inc.)
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the Collection Account pursuant to Sections 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20001998-3 1 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 20001998-3 1 NOTES. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20001998-3 1 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20001998-3 1 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (x) first, an amount equal to the Series 20001998-3 1 Monthly Interest for the Series 20001998-3 1 Interest Period ending on the day preceding the related Distribution Date, (y) second, an amount equal to the amount of any unpaid Series 20001998-3 1 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 20001998-3 1 Shortfall) and (z) third, an amount equal to the Surety Provider Fee for such Series 20001998-3 1 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in Section 2.3 from the Series 20001998-3 1 Accrued Interest Account and deposit such amounts in the Series 20001998-3 1 Distribution Account.
Appears in 1 contract
Payments to Noteholders. On each Determination Date, as provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be withdrawn from the AMERICAS 129834063 40 Collection Account pursuant to Sections Section 2.3(a) and (g) below in respect of all funds available from Series 2000-3 Interest Rate Cap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 20002023-3 7 Notes.
(a) NOTE INTEREST WITH RESPECT TO THE SERIES 2000Note Interest with Respect to the Series 2023-3 NOTES7 Notes. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 of this Supplement from the Series 20002023-3 7 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20002023-3 7 Notes and the Series 2000-3 Interest Rate Cap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (xi) first, an amount equal to the Series 2000-3 Class A Monthly Interest for the Series 20002023-3 7 Interest Period ending on the day preceding the related Distribution Date, (yii) second, an amount equal to the amount of any unpaid Series 2000-3 Class A Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2000-3 Class A Shortfall), (iii) and (z) third, an amount equal to the Surety Provider Fee Class B Monthly Interest for such the Series 20002023-3 7 Interest Period plus ending on the day preceding the related Distribution Date, (iv) an amount equal to the amount of any Surety Provider Reimbursement Amounts then due unpaid Class B Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class B Shortfall), (v) an amount equal to the Class C Monthly Interest for the Series 2023-7 Interest Period ending on the day preceding the related Distribution Date, (vi) an amount equal to the amount of any unpaid Class C Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class C Shortfall), (vii) an amount equal to the Class D Monthly Interest for the Series 2023-7 Interest Period ending on the day preceding the related Distribution Date, (viii) an amount equal to the amount of any unpaid Class D Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class D Shortfall), (ix) an amount equal to the Class R Monthly Interest for the Series 2023-7 Interest Period ending on the day preceding the related Distribution Date and owing(x) an amount equal to the amount of any unpaid Class R Shortfall as of the preceding Distribution Date (together with any accrued interest on such Class R Shortfall). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3 2.3(a) from the Series 20002023-3 7 Accrued Interest Account and deposit such amounts in the Series 20002023-3 7 Distribution Account. For the avoidance of doubt, no interest shall accrue or be due and payable with respect to the Class C Notes for so long as ABRCF owns 100% of the Class C Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.)