Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The
Appears in 3 contracts
Sources: Amended and Restated Series 2024 3 Supplement (Avis Budget Group, Inc.), Series 2026 1 Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. TheThe aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution Dates, shall be referred to
Appears in 3 contracts
Sources: Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. TheThe aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution
Appears in 1 contract
Sources: Amended and Restated Series 2024 1 Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. TheThe AMERICAS 129549674 44
Appears in 1 contract
Sources: Second Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. TheThe AMERICAS 129552375 44
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 3 Supplement (Avis Budget Group, Inc.)