Common use of CASH COLLATERAL ACCOUNT SURPLUS Clause in Contracts

CASH COLLATERAL ACCOUNT SURPLUS. In the event that the Series 1998-1 Cash Collateral Account Surplus on any Payment Date, after giving effect to all withdrawals from the Series 1998-1 Cash Collateral Account, is greater than zero, the Trustee, acting in accordance with the written instructions of the Servicer, shall withdraw from the Series 1998-1 Cash Collateral Account an amount equal to the Series 1998-1 Cash Collateral Amount Surplus and shall pay from such amount to the Series 1998-1 Letter of Credit Provider, an amount equal to the amount of unreimbursed draws under the Series 1998-1 Letter of Credit.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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CASH COLLATERAL ACCOUNT SURPLUS. In the event that the Series 19981999-1 Cash Collateral Account Surplus on any Payment Distribution Date (or, after the Series 1999-1 Letter of Credit Termination Date, after giving effect to all withdrawals from the Series 1998-1 Cash Collateral Account, on any date) is greater than zero, the Trustee, acting in accordance with the written instructions of the Servicer, shall withdraw from the Series 19981999-1 Cash Collateral Account an amount equal to the Series 19981999-1 Cash Collateral Amount Account Surplus and shall pay from such amount amount: first, to the Series 19981999-1 Letter of Credit Provider, an amount equal to Providers for application in accordance with the amount provisions of unreimbursed draws under the Series 19981999-1 Letter of CreditReimbursement Agreement and, second, to ARG any remaining amount.

Appears in 1 contract

Samples: Autonation Inc /Fl

CASH COLLATERAL ACCOUNT SURPLUS. In the event that the Series 19981999-1 Cash Collateral Account Surplus on any Payment Date, ,after giving effect to all withdrawals from the Series 19981999-1 Cash Collateral Account, is greater than zero, the Trustee, acting in accordance with the written instructions of the Master Servicer, shall withdraw from the Series 19981999-1 Cash Collateral Account an amount equal to the Series 19981999-1 Cash Collateral Amount Surplus and shall pay from such amount to the Series 19981999-1 Letter of Credit Provider, an amount equal to the amount of unreimbursed draws under the Series 19981999-1 Letter of Credit.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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CASH COLLATERAL ACCOUNT SURPLUS. In the event that the Series 19982000-1 Cash Collateral Account Surplus on any Payment Date, after giving effect to all withdrawals from the Series 19982000-1 Cash Collateral Account, is greater than zero, the Trustee, acting in accordance with the written instructions of the Master Servicer, shall withdraw from the Series 19982000-1 Cash Collateral Account an amount equal to the Series 19982000-1 Cash Collateral Amount Surplus and shall pay from such amount to the Series 19982000-1 Letter of Credit Provider, Provider an amount equal to the amount of unreimbursed draws under the Series 19982000-1 Letter of Credit.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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