Common use of Breakage Clause in Contracts

Breakage. Subject to and in accordance with Section 3.6 (Funding Losses), with respect to each Class A Voluntary Decrease, HVF III shall reimburse each Class A Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class A Voluntary Decrease.

Appears in 4 contracts

Samples: Second Amended and Restated Series 2021 a Supplement (Hertz Global Holdings, Inc), Second Amended and Restated Series 2021 a Supplement (Hertz Corp), Amended and Restated Series Supplement (Hertz Corp)

Breakage. Subject to and in accordance with Section 3.6 (Funding Losses), with respect to each Class A Voluntary Mandatory Decrease, HVF III shall reimburse each Class A Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class A Voluntary Mandatory Decrease.

Appears in 4 contracts

Samples: Second Amended and Restated Series 2021 a Supplement (Hertz Global Holdings, Inc), Second Amended and Restated Series 2021 a Supplement (Hertz Corp), Amended and Restated Series Supplement (Hertz Corp)

Breakage. Subject to and in accordance with Section 3.6 3.6, (Funding Losses), x) with respect to each Class A Voluntary Mandatory Decrease, HVF III II shall reimburse each Class A Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class A Voluntary Mandatory Decrease, and (y) with respect to each Class B Mandatory Decrease, HVF II shall reimburse each Class B Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Class B Mandatory Decrease.

Appears in 2 contracts

Samples: Second Amended and Restated Series 2013 B Supplement (Hertz Corp), Second Amended and Restated Series 2014 a Supplement (Hertz Corp)