Common use of Application of Cash Liquidity Amount Clause in Contracts

Application of Cash Liquidity Amount. Notwithstanding anything to the contrary contained herein or in any other Related Document, funds in an amount not less than the Cash Liquidity Amount shall at all times, except as specified in this Section 4.24, be retained in the Series 1999-1 Cash Liquidity Account; provided, however, that upon the occurrence of any Event of Bankruptcy (without giving effect to any grace period granted in the definition thereof set forth in the Base Indenture) in respect to DTAG and during the continuance of the related Insolvency Period, funds that have been retained in the Series 1999-1 Cash Liquidity Account pursuant to this Section 4.24(a) may be used as provided in this Section 4.24 to pay the following amounts in the following order of priority: the fees of any successor Master Servicer provided for in Section 4.8(f) of this Supplement, interest in respect of the Class A Notes as provided in Section 4.9(a), interest in respect of the Class B Notes as provided in Section 4.9(b), interest in respect of the Class C Notes as provided in Section 4.9(c) and interest in respect of the Class D Notes as provided in Section 4.9(d), in each case then due and payable, pursuant to the Base Indenture as supplemented by this Supplement, in respect of the Series 1999-1 Notes.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

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Application of Cash Liquidity Amount. Notwithstanding anything to the contrary contained herein or in any other Related Document, funds in an amount not less than the Cash Liquidity Amount necessary to maintain the Minimum Cash Liquidity Amount shall at all times, except as specified in this Section 4.244.18, be retained in the Series 19992003-1 Cash Liquidity Account; provided, however, that upon the occurrence of any Event of Bankruptcy (without giving effect to any grace period granted in the definition thereof set forth in the Base Indenture) in with respect to DTAG or any Lessee and during the continuance of the related Insolvency Period, funds that have been retained in the Series 19992003-1 Cash Liquidity Account in respect of the Minimum Cash Liquidity Amount pursuant to this Section 4.24(a4.18(a) may be used as provided in this Section 4.24 4.18 to pay the following amounts in the following order of priority: the fees of any successor Master Servicer provided for in Section 4.8(f4.8(c) of this Supplement, and interest in respect of the Class A Series 2003-1 Notes as provided in Section 4.9(a), interest in respect of the Class B Notes as provided in Section 4.9(b), interest in respect of the Class C Notes as provided in Section 4.9(c) and interest in respect of the Class D Notes as provided in Section 4.9(d), in each case then due and payable, pursuant to the Base Indenture as supplemented by this Supplement, in respect of the Series 19992003-1 Notes. On any applicable Payment Date any amounts on deposit in the Series 2003-1 Cash Liquidity Account in excess of the Minimum Cash Liquidity Amount on such date shall be available to pay any Series 2003-1 Outstanding Principal Amount in accordance with Section 4.10(c)(v) of this Supplement.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

Application of Cash Liquidity Amount. Notwithstanding anything to the contrary contained herein or in any other Related Document, funds in an amount not less than the Cash Liquidity Amount shall at all times, except as specified in this Section 4.244.18, be retained in the Series 19992006-1 Cash Liquidity Account; provided, however, that upon the occurrence of any Event of Bankruptcy (without giving effect to any grace period granted in the definition thereof set forth in the Base Indenture) in with respect to DTAG or any Lessee and during the continuance of the related Insolvency PeriodPeriod (or on any date on or after the Series 2006-1 Termination Date), funds that have been retained in the Series 19992006-1 Cash Liquidity Account pursuant to this Section 4.24(a4.18(a) may be used as provided in this Section 4.24 4.18 to pay the following amounts in the following order of priority: the fees of any successor Master Servicer provided for in Section 4.8(f4.8(c) of this Supplement, and interest in respect of the Class A Series 2006-1 Notes as provided in Section 4.9(a), interest in respect of the Class B Notes as provided in Section 4.9(b), interest in respect of the Class C Notes as provided in Section 4.9(c) and interest in respect of the Class D Notes as provided in Section 4.9(d), in each case then due and payable, pursuant to the Base Indenture as supplemented by this Supplement, in respect of the Series 19992006-1 Notes; provided, further that, on any date on or after the Series 2006-1 Termination Date, the Cash Liquidity Amount may also be used to pay the Series 2006-1 Outstanding Principal Amount after payment of the foregoing amounts as set forth in Section 4.10(c)(iii).

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

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Application of Cash Liquidity Amount. Notwithstanding anything to the contrary contained herein or in any other Related Document, funds in an amount not less than the Cash Liquidity Amount shall at all times, except as specified in this Section 4.244.18, be retained in the Series 19992007-1 Cash Liquidity Account; provided, however, that upon the occurrence of any Event of Bankruptcy (without giving effect to any grace period granted in the definition thereof set forth in the Base Indenture) in with respect to DTAG or any Lessee and during the continuance of the related Insolvency PeriodPeriod (or on any date on or after the Series 2007-1 Termination Date), funds that have been retained in the Series 19992007-1 Cash Liquidity Account pursuant to this Section 4.24(a4.18(a) may be used as provided in this Section 4.24 4.18 to pay the following amounts in the following order of priority: the fees of any successor Master Servicer provided for in Section 4.8(f4.8(c) of this Supplement, and interest in respect of the Class A Series 2007-1 Notes as provided in Section 4.9(a), interest in respect of the Class B Notes as provided in Section 4.9(b), interest in respect of the Class C Notes as provided in Section 4.9(c) and interest in respect of the Class D Notes as provided in Section 4.9(d), in each case then due and payable, pursuant to the Base Indenture as supplemented by this Supplement, in respect of the Series 19992007-1 Notes; provided, further that, on any date on or after the Series 2007-1 Termination Date, the Cash Liquidity Amount may also be used to pay the Series 2007-1 Outstanding Principal Amount after payment of the foregoing amounts as set forth in Section 4.10(c)(iii).

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

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