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 2011-5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2011-5 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 2011-5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 2011-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 2011-5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Rental (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 20112010-5 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112010-5 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112010-5 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 20112010-5 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112010-5 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 20112022-5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112022-5 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112022-5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112022-5 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112022-5 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 20112012-5 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112012-5 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112012-5 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 20112012-5 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112012-5 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 20112018-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112018-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112018-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112018-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112018-5 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 20112010-5 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112010-5 4 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112010-5 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 20112010-5 4 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112010-5 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 20112014-5 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112014-5 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112014-5 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount 36 applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112014-5 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112014-5 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 20112018-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112018-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112018-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112018-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112018-5 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 20112017-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112017-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112017-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112017-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112017-5 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 20112019-5 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112019-5 3 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112019-5 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112019-5 3 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112019-5 3 Rapid Amortization Period.

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 20112022-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112022-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112022-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112022-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112022-5 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 20112020-5 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112020-5 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112020-5 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112020-5 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112020-5 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 20112012-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112012-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112012-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 20112012-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112012-5 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 20112016-5 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112016-5 2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112016-5 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112016-5 2 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112016-5 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 20112013-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112013-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112013-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), to the extent necessary to pay the Class B Controlled Amortization Amount during the Series 20112013-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112013-5 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 20112020-5 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20112020-5 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class B Noteholder from the Series 20112020-5 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i), to the extent necessary to pay the Class B Controlled Amortization Distribution Amount during the Series 20112020-5 1 Controlled Amortization Period or to the extent necessary to pay the Class B Invested Amount during the Series 20112020-5 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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