Common use of Shortfalls Clause in Contracts

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 2000-3 Monthly Interest on any Distribution Date, payments of interest to the Series 2000-3 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 2000-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.

Appears in 1 contract

Sources: Series 2000 3 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 4.3 are insufficient to pay the Series 20002010-3 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20002010-3 1 Noteholders will be reduced on a PRO RATA pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20002010-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.1

Appears in 1 contract

Sources: Series 2010 1 Supplement (Avis Budget Group, Inc.)

Shortfalls. If the amounts described in Section 2.3 3.3 are insufficient to pay the Series 20002001-3 Monthly 2 Periodic Interest on any Distribution Date, Date related to any Series 2001-2 Notes of any Class payments of interest to the Series 20002001-3 2 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20002001-3 2 39 Shortfall." Interest shall accrue on any Series 20002001-3 2 Shortfall at the Series 20002001-3 2 Note Rate.

Appears in 1 contract

Sources: Amended and Restated Series 2001 2 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20002003-3 2 Monthly Interest on any Distribution Date, payments of interest to the Series 20002003-3 2 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 2000SERIES 2003-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.2

Appears in 1 contract

Sources: Series 2003 2 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20002001-3 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20002001-3 1 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20002001-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.1

Appears in 1 contract

Sources: Amended and Restated Series 2001 1 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20002002-3 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20002002-3 1 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20002002-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.1

Appears in 1 contract

Sources: Series 2002 1 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20001997-3 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20001997-3 1 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20001997-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.1

Appears in 1 contract

Sources: Series Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20002003-3 4 Monthly Interest on any Distribution Date, payments of interest to the Series 20002003-3 4 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 2000SERIES 2003-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.4

Appears in 1 contract

Sources: Series 2003 4 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20001998-3 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20001998-3 1 Noteholders will be reduced on a PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the "Series 20001998-3 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.1

Appears in 1 contract

Sources: Series Supplement (Avis Group Holdings Inc)