Common use of Termination of Supplement Clause in Contracts

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 2015-3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2015-3 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 2015-3 Demand Note Payment Amount on the Multi-Series Letter of Credit Termination Date was greater than zero, the Series 2015-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 2015-3 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 3 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc., Avis Budget Group, Inc.

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Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152010-3 6 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152010-3 6 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 20152010-3 6 Demand Note Payment Amount on the Multi-Series Letter of Credit Termination Date was greater than zero, the Series 20152010-3 6 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152010-3 6 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 3 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc., Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152003-3 5 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152003-3 5 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF cancellation, AFC-II has paid all sums payable hereunder hereunder, the Surety Provider has been paid all Surety Provider Fees and all other Surety Provider Reimbursement Amounts due under the Insurance Agreement and, if the Series 20152003-3 5 Demand Note Payment Amount on the MultiSeries 2003-Series 5 Letter of Credit Termination Date was greater than zero, the Series 2015-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152003-3 5 Cash Collateral Account in accordance with Section 3.8(h2.8(i).

Appears in 2 contracts

Samples: Avis Group Holdings Inc, Cendant Corp

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152010-3 6 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152010-3 6 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 20152010-3 6 Demand Note Payment Amount on the MultiSeries 2010-Series 6 Letter of Credit Termination Date was greater than zero, the Series 20152010-3 6 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152010-3 6 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 2 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152004-3 4 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152004-3 4 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF CRCF has paid all sums payable hereunder and, if the Series 20152004-3 4 Demand Note Payment Amount on the MultiSeries 2004-Series 4 Letter of Credit Termination Date was greater than zero, the Series 20152004-3 4 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152004-3 4 Cash Collateral Account in accordance with Section 3.8(h)) of this Supplement.

Appears in 2 contracts

Samples: Cendant Corp, Cendant Corp

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 2015-3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2015-3 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 2015-3 Demand Note Payment Amount on the MultiSeries 2015-Series 3 Letter of Credit Termination Date was greater than zero, the Series 2015-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 2015-3 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152008-3 1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152008-3 1 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 20152008-3 1 Demand Note Payment Amount on the MultiSeries 2008-Series 1 Letter of Credit Termination Date was greater than zero, the Series 20152008-3 1 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152008-3 1 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 2015-3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2015-3 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 2015-3 Demand Note Payment Amount on the MultiSeries 2015-Series 3 Letter of Credit Termination Date was greater than zero, the Series 2015-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 2015-3 Cash Collateral Account in accordance with Section 3.8(h).. 118

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152009-3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152009-3 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 20152009-3 Demand Note Payment Amount on the MultiSeries 2009-Series 3 Letter of Credit Termination Date was greater than zero, the Series 20152009-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152009-3 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152022-3 2 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152022-3 2 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF has paid all sums payable hereunder and, if the Series 20152022-3 2 Demand Note Payment Amount on the Multi-Series Letter of 122 Credit Termination Date was greater than zero, the Series 20152022-3 2 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152022-3 2 Cash Collateral Account in accordance with Section 3.8(h).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 20152005-3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20152005-3 Notes which have been replaced or paid) to the Trustee for cancellation and ABRCF CRCF has paid all sums payable hereunder and, if the Series 20152005-3 Demand Note Payment Amount on the MultiSeries 2005-Series 3 Letter of Credit Termination Date was greater than zero, the Series 20152005-3 Cash Collateral Account Surplus shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 20152005-3 Cash Collateral Account in accordance with Section 3.8(h)) of this Supplement.

Appears in 1 contract

Samples: Master Agreement (Cendant Corp)

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