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 2023-7 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 Rapid Amortization Period.

Appears in 1 contract

Samples: Series Supplement (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 2023-7 6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 6 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 6 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232019-7 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 20232019-7 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 20232019-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232019-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232016-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232016-7 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 20232016-7 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 20232016-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232016-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232015-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232015-7 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 20232015-7 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 20232015-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232015-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232010-7 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232010-7 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 20232010-7 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 20232010-7 4 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232010-7 4 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232017-7 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 20232017-7 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 20232017-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232017-7 2 Rapid Amortization Period.. AMERICAS 93983148 (2K) 40

Appears in 1 contract

Samples: Series 2017 2 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232019-7 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 20232019-7 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 20232019-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232019-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Series 2019 1 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232021-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232021-7 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 20232021-7 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 20232021-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232021-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232022-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232022-7 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 20232022-7 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 20232022-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232022-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Series 2022 1 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232021-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232021-7 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 20232021-7 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 20232021-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232021-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232019-7 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 20232019-7 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 20232019-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232019-7 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232020-7 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 20232020-7 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 20232020-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232020-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232012-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232012-7 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 20232012-7 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 20232012-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232012-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2012 2 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232024-7 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 20232024-7 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 20232024-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232024-7 3 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232018-7 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 20232018-7 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 20232018-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232018-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232011-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232011-7 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 20232011-7 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 20232011-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232011-7 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232024-7 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 20232024-7 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 20232024-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232024-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232019-7 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 20232019-7 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 20232019-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232019-7 3 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232020-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232020-7 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 20232020-7 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 20232020-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232020-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2020 1 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-7 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 5 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232019-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232019-7 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 20232019-7 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 20232019-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232019-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Series 2019 2 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232013-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232013-7 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 20232013-7 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 20232013-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232013-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232018-7 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 20232018-7 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 20232018-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232018-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232016-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232016-7 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 20232016-7 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 20232016-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232016-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Series Supplement (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 2023-7 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 4 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 4 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232017-7 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 20232017-7 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 20232017-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232017-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-7 8 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 8 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 8 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232024-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232024-7 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 20232024-7 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 20232024-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232024-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232012-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232012-7 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 20232012-7 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 20232012-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232012-7 3 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232015-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232015-7 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 20232015-7 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 20232015-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232015-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232014-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232014-7 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 20232014-7 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 20232014-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232014-7 1 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232018-7 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 20232018-7 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 20232018-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232018-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232018-7 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232018-7 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 20232018-7 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 20232018-7 1 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232018-7 1 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-7 3 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 3 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 3 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232011-7 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232011-7 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 20232011-7 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 20232011-7 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232011-7 5 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232022-7 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232022-7 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 20232022-7 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 20232022-7 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232022-7 5 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232010-7 5 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232010-7 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 20232010-7 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 20232010-7 5 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232010-7 5 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-7 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 2023-7 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 2023-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 2023-7 2 Rapid Amortization Period.

Appears in 1 contract

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

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232017-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232017-7 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 20232017-7 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 20232017-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232017-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Avis Budget Group, Inc.)

Class C Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20232013-7 2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20232013-7 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 20232013-7 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 20232013-7 2 Controlled Amortization Period or to the extent necessary to pay the Class C Invested Amount during the Series 20232013-7 2 Rapid Amortization Period.

Appears in 1 contract

Samples: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)

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