Common use of Class B Notes Clause in Contracts

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2015-3 Collection Account pursuant to Section 3.5(a) or amounts are deposited in the Series 2015-3 Distribution Account pursuant to Section 3.5(c) and/or (d), the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Administrative Agent for the accounts of the Purchaser Groups from the Series 2015-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a), (c) and/or (d) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2015-3 Rapid Amortization Period.

Appears in 2 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc.

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Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152010-3 6 Collection Account pursuant to Section 3.5(a) or amounts are deposited in the Series 20152010-3 6 Distribution Account pursuant to Section 3.5(c) and/or (d), the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Administrative Agent for the accounts of the Purchaser Groups from the Series 20152010-3 6 Distribution Account the amount deposited therein pursuant to Section 3.5(a), (c) and/or (d) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152010-3 6 Rapid Amortization Period.

Appears in 2 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152018-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152018-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152018-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2018-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152018-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152024-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152024-3 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152024-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2024-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152024-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152024-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152024-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152024-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2024-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152024-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152012-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152012-3 2 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152012-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2012-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152012-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152011-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152011-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152011-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152011-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152012-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152012-3 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152012-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2012-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152012-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152021-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152021-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152021-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2021-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152021-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152014-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152014-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152014-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2014-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152014-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152020-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152020-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152020-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2020-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152020-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2015-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 2015-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 2015-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2015-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2015-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152011-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152011-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152011-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152011-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152019-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152019-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152019-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2019-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152019-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152016-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152016-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152016-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2016-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152016-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2015-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 2015-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 2015-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2015-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2015-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 6 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 6 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 6 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-6 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 6 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152011-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152011-3 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152011-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152011-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152019-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152019-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152019-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2019-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152019-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152017-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152017-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152017-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2017-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152017-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152010-3 5 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152010-3 5 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152010-3 5 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2010-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152010-3 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152013-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152013-3 2 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152013-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2013-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152013-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 8 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 8 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 8 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-8 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 8 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152018-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152018-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152018-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2018-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152018-3 2 Rapid Amortization Period.. AMERICAS 96004183 40

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 7 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 7 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 7 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-7 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 7 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152010-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152010-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152010-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2010-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152010-3 2 Rapid Amortization Period.

Appears in 1 contract

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

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152019-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152019-3 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152019-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2019-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152019-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152019-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152019-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152019-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2019-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152019-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152021-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152021-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152021-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2021-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152021-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152024-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152024-3 1 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152024-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2024-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152024-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152013-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152013-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152013-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2013-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152013-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152013-3 1 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152013-3 1 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152013-3 1 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2013-1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152013-3 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 5 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 5 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 5 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152011-3 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152011-3 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152011-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152011-3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152011-3 5 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152011-3 5 Distribution Account pursuant to Section 3.5(c) and/or 2.5(b), (c), (d), ) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152011-3 5 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or ), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2011-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152011-3 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152023-3 4 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152023-3 4 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152023-3 4 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2023-4 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152023-3 4 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152017-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152017-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152017-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amount with respect to Related Month during the Class B Series 2017-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152017-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class B Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152012-3 2 Collection Account pursuant to Section 3.5(a2.5(a) or amounts are deposited in the Series 20152012-3 2 Distribution Account pursuant to Section 3.5(c2.5(b), (c) and/or or (d), ) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to the Administrative Agent for the accounts of the Purchaser Groups each Class B Noteholder from the Series 20152012-3 2 Distribution Account the amount deposited therein pursuant to Section 3.5(a2.5(a), (b), (c) and/or or (d) less the aggregate amount applied to make the payments required pursuant to Section 3.5(e)(i2.5(e)(i), to the extent necessary to pay the Class B Controlled Distribution Amortization Amount with respect to Related Month during the Class B Series 2012-2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20152012-3 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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