Common use of Amortization Events Clause in Contracts

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 2015-3 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 2015-3 Notes (without notice or other action on the part of the Trustee or any holders of the Series 2015-3 Notes): (a) a Series 2015-3 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 2015-3 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 2015-3 Liquidity Amount shall be less than the Series 2015-3 Required Liquidity Amount or the Series 2015-3 Available Reserve Account Amount shall be less than the Series 2015-3 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 5 contracts

Samples: Fourth Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.), Third Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.), Second Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)

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Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152010-3 6 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152010-3 6 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152010-3 6 Notes): (a) a Series 20152010-3 6 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152010-3 6 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152010-3 6 Liquidity Amount shall be less than the Series 20152010-3 6 Required Liquidity Amount or the Series 20152010-3 6 Available Reserve Account Amount shall be less than the Series 20152010-3 6 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 4 contracts

Samples: Sixth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.), Fourth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.), Third Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152004-3 4 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152004-3 4 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152004-3 4 Notes): (a) a Series 20152004-3 4 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152004-3 4 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152004-3 4 Liquidity Amount shall be less than the Series 20152004-3 4 Required Liquidity Amount or the Series 20152004-3 4 Available Reserve Account Amount shall be less than the Series 20152004-3 4 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 2 contracts

Samples: Series 2004 4 Supplement (Cendant Corp), Series 2004 4 Supplement (Cendant Corp)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152009-3 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152009-3 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152009-3 Notes): (a) a Series 20152009-3 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152009-3 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152009-3 Liquidity Amount shall be less than the Series 20152009-3 Required Liquidity Amount or the Series 20152009-3 Available Reserve Account Amount shall be less than the Series 20152009-3 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152002-3 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152002-3 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152002-3 Notes):Noteholder) and shall not be subject to waiver: (a) a Series 20152002-3 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152002-3 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 2015-3 Liquidity Amount shall be less than the Series 2015-3 Required Liquidity Amount or the Series 20152002-3 Available Reserve Account Amount shall be less than the Series 20152002-3 Required Reserve Account Amount for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2002 3 Supplement (Avis Group Holdings Inc)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152008-3 1 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152008-3 1 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152008-3 1 Notes): (a) a Series 20152008-3 1 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152008-3 1 Enhancement Deficiency shall have been cured in accordance with the terms and conditions condi­tions of the Indenture and the Related Documents; (b) either the Series 20152008-3 1 Liquidity Amount shall be less than the Series 20152008-3 Required 1 Re­quired Liquidity Amount or the Series 20152008-3 1 Available Reserve Account Amount shall be less than the Series 20152008-3 1 Required Reserve Account Amount for at least two (2) Business Busi­ness Days; provided, however, that such event or condition condi­tion shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions condi­tions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2008 1 Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152002-3 4 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152002-3 4 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152002-3 4 Notes): (a) a Series 20152002-3 4 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152002-3 4 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152002-3 4 Liquidity Amount shall be less than the Series 20152002-3 4 Required Liquidity Amount or the Series 20152002-3 4 Available Reserve Account Amount shall be less than the Series 20152002-3 4 Required Reserve Account Amount for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2002 4 Supplement (Avis Group Holdings Inc)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152011-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152011-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152011-3 2 Notes): (a) a Series 20152011-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152011-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152011-3 2 Liquidity Amount shall be less than the Series 20152011-3 2 Required Liquidity Amount or the Series 2015-3 Available Reserve Account Amount shall be less than the Series 2015-3 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;two

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152003-3 1 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152003-3 1 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152003-3 1 Notes): (a) a Series 20152003-3 1 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152003-3 1 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152003-3 1 Liquidity Amount shall be less than the Series 20152003-3 1 Required Liquidity Amount or the Series 20152003-3 1 Available Reserve Account Amount shall be less than the Series 20152003-3 1 Required Reserve Account Amount for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2003 1 Supplement (Avis Group Holdings Inc)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152002-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152002-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152002-3 2 Notes):) and shall not be subject to waiver: (a) a Series 20152002-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152002-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152002-3 2 Liquidity Amount shall be less than the Series 20152002-3 2 Required Liquidity Amount or the Series 20152002-3 2 Available Reserve Account Amount shall be less than the Series 20152002-3 2 Required Reserve Account Amount for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2002 2 Supplement (Avis Group Holdings Inc)

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Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152005-3 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152005-3 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152005-3 Notes): (a) a Series 20152005-3 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152005-3 Enhancement Deficiency shall have been cured in accordance with the terms and conditions condi-tions of the Indenture and the Related Documents; (b) either the Series 20152005-3 Liquidity Amount shall be less than the Series 20152005-3 Required Re-quired Liquidity Amount or the Series 20152005-3 Available Reserve Account Amount shall be less than the Series 20152005-3 Required Reserve Account Amount for at least two (2) Business Busi-ness Days; provided, however, that such event or condition condi-tion shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions condi-tions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152010-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152010-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152010-3 2 Notes): (a) a Series 20152010-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152010-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152010-3 2 Liquidity Amount shall be less than the Series 20152010-3 2 Required Liquidity Amount or the Series 2015-3 Available Reserve Account Amount shall be less than the Series 2015-3 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;two

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152022-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152022-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152022-3 2 Notes): (a) a Series 20152022-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152022-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152022-3 2 Liquidity Amount shall be less than the Series 20152022-3 2 Required Liquidity Amount or the Series 20152022-3 2 Available Reserve Account Amount shall be less than the Series 20152022-3 2 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152006-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152006-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152006-3 2 Notes): (a) a Series 20152006-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152006-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152006-3 2 Liquidity Amount shall be less than the Series 20152006-3 2 Required Liquidity Amount or the Series 20152006-3 2 Available Reserve Account Amount shall be less than the Series 20152006-3 2 Required Reserve Account Amount for at least two (2) Business Days; provided, however, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Series 2006 2 Supplement (Cendant Corp)

Amortization Events. In addition to the Amortization Events set forth in Section 9.1 of the Base Indenture, any of the following shall be an Amortization Event with respect to the Series 20152002-3 2 Notes and collectively shall constitute the Amortization Events set forth in Section 9.1(n) of the Base Indenture with respect to the Series 20152002-3 2 Notes (without notice or other action on the part of the Trustee or any holders of the Series 20152002-3 2 Notes):) and shall not be subject to waiver: (a) a Series 20152002-3 2 Enhancement Deficiency shall occur and continue for at least two (2) Business Days; provided, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such Series 20152002-3 2 Enhancement Deficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents; (b) either the Series 20152002-3 2 Liquidity Amount shall be less than the Series 20152002-3 2 Required Liquidity Amount or the Series 20152002-3 2 Available Reserve Account Amount shall be less than the Series 20152002-3 2 Required Reserve Account Amount for at least two (2) Business Days; providedPROVIDED, howeverHOWEVER, that such event or condition shall not be an Amortization Event if during such two (2) Business Day period such insufficiency shall have been cured in accordance with the terms and conditions of the Indenture and the Related Documents;

Appears in 1 contract

Samples: Amended and Restated Series 2002 2 Supplement (Avis Group Holdings Inc)

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