Common use of Additional Series of Notes Clause in Contracts

Additional Series of Notes. RCFC shall not issue after the Series 2000-1 Closing Date any new Series of Notes entitled to share in the Group II Collateral unless (a) the Managing Agents have given their prior written consent to such issuance or (b) (i) the proceeds of such issuance are to be used to pay in full the Series 2000-1 Invested Amount and all other amounts due and payable under the Series Documents to the Purchaser Parties and (ii) the obligations of the Purchasers to make Advances under the Series Documents is terminated on or prior to the date of such issuance.

Appears in 1 contract

Samples: Note Purchase Agreement (Dollar Thrifty Automotive Group Inc)

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Additional Series of Notes. RCFC shall not issue after the Series 20002010-1 3 Closing Date any new Series of Notes entitled to share in the Group II VII Collateral unless (a) (i) the Managing Agents have given their prior written consent to such issuance and (ii) the Rating Agency Condition is satisfied or (b) (i) the proceeds of such issuance are to be used to pay in full the Series 20002010-1 3 Invested Amount and all other amounts due and payable under the Series Documents to the Purchaser Parties shall be paid concurrently therewith and (ii) the obligations of the Purchasers to make Advances under the Series Documents is terminated on or prior to the date of such issuance.

Appears in 1 contract

Samples: Note Purchase Agreement (Dollar Thrifty Automotive Group Inc)

Additional Series of Notes. RCFC shall not issue after the Series 20002010-1 3 Restatement Closing Date any new Series of Notes entitled to share in the Group II VII Collateral unless (a) (i) the Managing Agents have given their prior written consent to such issuance and (ii) the Rating Agency Condition is satisfied or (b) (i) the proceeds of such issuance are to be used to pay in full the Series 20002010-1 3 Invested Amount and all other amounts due and payable under the Series Documents to the Purchaser Parties and (ii) the obligations of the Purchasers to make Advances under the Series Documents is terminated on or prior to the date of such issuance.shall be paid concurrently therewith and

Appears in 1 contract

Samples: Note Purchase Agreement (Dollar Thrifty Automotive Group Inc)

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Additional Series of Notes. RCFC shall not issue after the Series 20002010-1 Closing Date any new Series of Notes entitled to share in the Group II V Collateral unless (a) (i) the Managing Agents have given their prior written consent to such issuance and (ii) the Rating Agency Condition is satisfied or (b) (i) the proceeds of such issuance are to be used to pay in full the Series 20002010-1 Invested Amount and all other amounts due and payable under the Series Documents to the Purchaser Parties shall be paid concurrently therewith and (ii) the obligations of the Purchasers to make Advances under the Series Documents is terminated on or prior to the date of such issuance.

Appears in 1 contract

Samples: Note Purchase Agreement (Dollar Thrifty Automotive Group Inc)

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