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 1998-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 1998-1 Notes which have been replaced or paid) to the Trustee for cancellation, AFC-II has paid all sums payable 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 1998-1 Demand Note Payment Amount on the Series 1998-1 Letter of Credit Termination Date was greater than zero, all amounts have been withdrawn from the Series 1998-1 Cash Collateral Account in accordance with SECTION 2.8(i) of this Supplement.

Appears in 1 contract

Samples: Avis Group Holdings Inc

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Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 19982002-1 2 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 19982002-1 2 Notes which have been replaced or paid) to the Trustee for cancellation, cancellation and AFC-II has paid all sums payable hereunder, the Surety Provider has been paid all Surety Provider Fees and all other Surety Provider Reimbursement Amounts due under the Insurance Agreement hereunder and, if the Series 19982002-1 2 Demand Note Payment Amount on the Series 19982002-1 2 Letter of Credit Termination Date was greater than zero, the Series 2002-2 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shall equal zero, the Demand Note Preference Payment Amount shall have been reduced to zero and all amounts have been withdrawn from the Series 19982002-1 2 Cash Collateral Account in accordance with SECTION 2.8(iSection 3.8(h) of this Supplement.

Appears in 1 contract

Samples: Operating Lease Loan Agreement (Avis Group Holdings Inc)

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 19982002-1 2 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 19982002-1 2 Notes which have been replaced or paid) to the Trustee for cancellation, cancellation and AFC-II has paid all sums payable hereunder, the Surety Provider has been paid all Surety Provider Fees and all other Surety Provider Reimbursement Amounts due under the Insurance Agreement hereunder -83- and, if the Series 19982002-1 2 Demand Note Payment Amount on the Series 19982002-1 2 Letter of Credit Termination Date was greater than zero, the Series 2002-2 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 19982002-1 2 Cash Collateral Account in accordance with SECTION 2.8(iSection 3.8(h) of this Supplement.

Appears in 1 contract

Samples: Operating Lease Loan Agreement (Avis Group Holdings Inc)

Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 19982002-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 19982002-1 Notes which have been replaced or paid) to the Trustee for cancellation, AFC-II has paid all sums payable 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 19982002-1 Demand Note Payment Amount on the Series 19982002-1 Letter of Credit Termination Date was greater than zero, all amounts have been withdrawn from the Series 19982002-1 Cash Collateral Account in accordance with SECTION Section 2.8(i) of this Supplement.

Appears in 1 contract

Samples: Avis Group Holdings Inc

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Termination of Supplement. This Supplement shall cease to be of further effect when all outstanding Series 19982002-1 4 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 19982002-1 4 Notes which have been replaced or paid) to the Trustee for cancellation, cancellation and AFC-II has paid all sums payable hereunder, the Surety Provider has been paid all Surety Provider Fees and all other Surety Provider Reimbursement Amounts due under the Insurance Agreement hereunder and, if the Series 19982002-1 4 Demand Note Payment Amount on the Series 19982002-1 4 Letter of Credit Termination Date was greater than zero, the Series 2002-4 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 19982002-1 4 Cash Collateral Account in accordance with SECTION 2.8(iSection 3.8(h) of this Supplement.

Appears in 1 contract

Samples: Operating Lease Loan Agreement (Avis Group Holdings Inc)

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