Common use of Class R Notes Clause in Contracts

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2018-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2018-1 Rapid Amortization Period.

Appears in 1 contract

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

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Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182023-1 6 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182023-1 6 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182023-1 6 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182023-1 6 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182019-1 3 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182019-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182019-1 3 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182019-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182019-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182019-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182019-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182020-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182020-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182020-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182020-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182024-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182024-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182024-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182024-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182021-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182021-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182021-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182021-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182019-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182019-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182019-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182023-1 8 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182023-1 8 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182023-1 8 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182023-1 8 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182024-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182024-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182024-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182024-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182019-1 3 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182019-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182019-1 3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182019-1 3 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182023-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182023-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182023-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182023-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2018-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2018-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182017-1 2 Collection Account pursuant to Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182017-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182017-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182019-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182019-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182019-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182019-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182023-1 5 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182023-1 5 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182023-1 5 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182023-1 5 Rapid Amortization Period.

Appears in 1 contract

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

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Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182024-1 3 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182024-1 3 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182024-1 3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182024-1 3 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182017-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182017-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182017-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182017-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 2 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2018-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2018-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182022-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182022-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182022-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182022-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182023-1 7 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182023-1 7 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182023-1 7 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182023-1 7 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182017-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182017-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182017-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182017-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182021-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182021-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii2.5(e)(ii), Section 2.5(f)(iii2.5(e)(iii) and Section 2.5(f)(iv2.5(e)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182021-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182021-1 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 2 Collection Account pursuant to Section 2.5(a(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 2018-1 2 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii), Section 2.5(f)(iii) and Section 2.5(f)(iv), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 2018-1 2 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2018-1 2 Rapid Amortization Period.

Appears in 1 contract

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

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20182020-1 Collection Account pursuant to Section Section 2.5(a) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class R Noteholder from the Series 20182020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i2.5(e)(i), Section 2.5(f)(ii), Section 2.5(f)(iii2.5(e)(ii) and Section 2.5(f)(iv2.5(e)(iii), to the extent necessary to pay the Class R Controlled Amortization Amount during the Series 20182020-1 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20182020-1 Rapid Amortization Period.

Appears in 1 contract

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

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