Class RR Notes definition

Class RR Notes means any one of the Series 2021-A Variable Funding Rental Car Asset Backed Notes, Class RR, executed by HVF III and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-3 hereto.

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Class RR Notes means any one of the Series 2018-1 Fixed Rate Rental Car Asset Backed Notes, Class RR, executed by HVF II and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-5 to this Series 2018-1 Supplement.

Class RR Notes. The Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, together with the Class RR Notes, are referred to herein as the “Series 2013-A Notes”.

Examples of Class RR Notes in a sentence

• The Class A Notes, the Class B Notes, the Class C Notes and the Class RR Notes are referred to herein as the “Series 2021-A Notes”.

• In the case of the transfer of any Class RR Note in part, HVF III shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered to the transferor at such office, or send by mail (at the risk of the transferor) to such address as the transferor may request, Class RR Notes for the aggregate principal amount that was not transferred.

• The Class A Notes and the initial Class RR Notes were issued on the Series 2021-A Initial Closing Date.

• The Class RR Notes (other than any Uncertificated Notes) shall be issued in the form of definitive notes in fully registered form without interest coupons, substantially in the form set forth in Exhibit A-4 hereto, and shall be sold to the Class RR Noteholder pursuant to and in accordance with the terms hereof and shall be duly executed by HVF III and authenticated by the Trustee in the manner set forth in Section 2.4 (Execution and Authentication) of the Base Indenture.

• The initial Class B Notes, additional Class B Notes and additional Class RR Notes were issued after the Series 2021-A Initial Closing Date.

• On the terms and conditions set forth in and this Series 2021-A Supplement, HVF III will issue, and will cause the Trustee to authenticate, the initial Class C Notes on the Class C Notes Closing Date and may from time to time in the future issue, and cause the Trustee to authenticate, additional Class A Notes, additional Class B Notes, additional Class C Notes and additional Class RR Notes on the terms and conditions set forth herein.

• In exchange for any Class RR Note properly presented for transfer, HVF III shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered in compliance with applicable law, to the transferee at such office, or send by mail (at the risk of the transferee) to such address as the transferee may request, Class RR Notes for the same aggregate principal amount as was transferred.

• Upon the issuance of transferred Class RR Notes, the Trustee shall recognize the Holders of such Class RR Note as Class RR Noteholders.

• On the terms and conditions set forth in the Original Series 2021-A Supplement, HVF III issued, and caused the Trustee to authenticate, the initial Class A Notes, the initial Class B Notes, the additional Class B Notes, the initial Class RR Notes and the additional Class RR Notes.

More Definitions of Class RR Notes

Class RR Notes the “Class RR Notes” issued by HVF II, HFLF or Donlen Fleet Lease Funding LLC. “Closing Date”: the date on which all the conditions precedent set forth in Section 6.1 shall be satisfied or waived. “Code”: the Internal Revenue Code of 1986, as amended from time to time. “Commitment”: with respect to each Lender, the amount specified as such Lender’s “Commitment” set forth opposite such Lender’s name in Schedule A or in the Assignment and Acceptance, in each case, pursuant to which such Lender acquired a portion of the Commitment, as the case may be (as the same may be adjusted from time to time pursuant to the terms of this Agreement); collectively as to all of the Lenders, the “Commitments.” The aggregate amount of the Commitments on the Closing Date is $1,650,000,000. “Commitment Letter”: that certain $1,650,000,000 Debtor-in-Possession Delayed Draw Term Loan Facility Amended and Restated Commitment Letter, dated October 28, 2020, by and among the Commitment Parties and the Borrower. “Commitment Parties”: as defined in the Commitment Letter. “Commitment Period”: the period commencing on the Closing Date and ending on the Commitment Termination Date. “Commitment Re-allocation”: the primary syndication of the Commitments and the assignment of the Commitments related thereto in connection with the offering of the right to participate in a portion of the Commitments to the Prepetition First Lien Lenders (other than the Commitment Parties, the “Other Prepetition Secured Parties”) as provided in, and subject to the limitations set forth in, the Commitment Letter; provided that, notwithstanding the provisions set forth in the Commitment Letter, the allocation of the Commitments pursuant to the Commitment Re-Allocation to the Prepetition First Lien Lenders that are members of the Ad Hoc First Lien Group (as defined in the Commitment Letter) shall be based on each Prepetition First Lien Lender’s respective pro rata shares of the Prepetition First Lien Secured Debt as set forth in the Verified Statement of Ad Hoc First Lien Group Pursuant to Rule of Bankruptcy Procedure 2019 [Docket No. 1520], or as may be agreed upon by the Required Commitment Parties. “Commitment Termination Date”: the earliest to occur of (i) the date on which the Commitments are permanently reduced to zero in accordance with Section 4.4(c), (ii) the date on which the Borrower voluntarily terminates in full the Commitments pursuant to Section 4.4(b), (iii) the date on which the Commitments are t...

Class RR Notes means the Series 2018-1 Asset Backed Notes, Class RR, executed on the Closing Date and designated by the Issuer on issuance as a class of “risk retention” notes and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit E. Definitive Class RR Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.11 of the Base Indenture.