Common use of Class C Notes Clause in Contracts

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2016-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2016-1 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 C Noteholder from the Series 2016-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 2016-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2016-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162024-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162024-1 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 C Noteholder from the Series 20162024-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162024-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162024-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162010-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162010-1 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 C Noteholder from the Series 20162010-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162010-1 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162010-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162019-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162019-1 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 C Noteholder from the Series 20162019-1 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) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162019-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162015-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162015-1 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 C Noteholder from the Series 20162015-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162015-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162015-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 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 C Noteholder from the Series 20162023-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162017-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162017-1 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 C Noteholder from the Series 20162017-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162017-1 2 Rapid Amortization Period.. AMERICAS 93983148 (2K) 40

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162011-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162011-1 5 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162011-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162011-1 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162011-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162012-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162012-1 3 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162012-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162012-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162012-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162013-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162013-1 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162013-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162013-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162013-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2016-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2016-1 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 C Noteholder from the Series 2016-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 2016-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2016-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162015-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162015-1 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 C Noteholder from the Series 20162015-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162015-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162015-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162024-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162024-1 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 C Noteholder from the Series 20162024-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162024-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162024-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 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 C Noteholder from the Series 20162023-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 4 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 4 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 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 C Noteholder from the Series 20162023-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162017-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162017-1 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 C Noteholder from the Series 20162017-1 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)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162017-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162018-1 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 C Noteholder from the Series 20162018-1 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) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162018-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162018-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162018-1 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 C Noteholder from the Series 20162018-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162018-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162018-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162013-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162013-1 2 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162013-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162013-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162013-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162012-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162012-1 2 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162012-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162012-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162012-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 7 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 C Noteholder from the Series 20162023-1 7 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 7 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 7 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162022-1 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162022-1 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 C Noteholder from the Series 20162022-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162022-1 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162022-1 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162020-1 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 C Noteholder from the Series 20162020-1 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) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162020-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162020-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162019-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162019-1 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 C Noteholder from the Series 20162019-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162019-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 6 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 C Noteholder from the Series 20162023-1 6 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 6 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 6 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162019-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162019-1 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 C Noteholder from the Series 20162019-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162019-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162019-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162021-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162021-1 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 C Noteholder from the Series 20162021-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162021-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162021-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162011-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162011-1 3 Distribution Account pursuant to Section 2.5(b), (c), (d) or (de) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class C Noteholder from the Series 20162011-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (de) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162011-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162011-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162018-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162018-1 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 C Noteholder from the Series 20162018-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162018-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162022-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162022-1 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 C Noteholder from the Series 20162022-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162022-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162022-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 8 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 C Noteholder from the Series 20162023-1 8 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 8 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 8 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162021-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162021-1 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 C Noteholder from the Series 20162021-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162021-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162021-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 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 C Noteholder from the Series 20162023-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162019-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162019-1 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 C Noteholder from the Series 20162019-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162019-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162019-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162019-1 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 C Noteholder from the Series 20162019-1 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)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162019-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162014-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162014-1 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 C Noteholder from the Series 20162014-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162014-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162014-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162024-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162024-1 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 C Noteholder from the Series 20162024-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162024-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162024-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162017-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162017-1 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 C Noteholder from the Series 20162017-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162017-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162017-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162010-1 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162010-1 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 C Noteholder from the Series 20162010-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amortization Amount during the Series 20162010-1 4 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162010-1 4 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162023-1 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162023-1 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 C Noteholder from the Series 20162023-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162023-1 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162023-1 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162020-1 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 C Noteholder from the Series 20162020-1 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) and Section 2.5(e)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162020-1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162020-1 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20162018-1 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20162018-1 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 C Noteholder from the Series 20162018-1 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)(i2.5(f)(i) and Section 2.5(e)(ii2.5(f)(ii), to the extent necessary to pay the Class C Controlled Distribution Amount during the Series 20162018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20162018-1 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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