Common use of Collection Suit by the Trustee Clause in Contracts

Collection Suit by the Trustee. If any Amortization Event specified in clauses (a) or (b) of Section 9.1 occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against AFC-II for the whole amount of principal and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

Appears in 2 contracts

Samples: Base Indenture (Avis Rent a Car Inc), Base Indenture (Avis Rent a Car Inc)

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Collection Suit by the Trustee. If any Amortization Event specified in clauses (a) or (b) of Section 9.1 8.1 occurs and is continuingcontinuing with respect to a Series of Notes, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against AFC-II RCFC for the whole amount of principal and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, any interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

Collection Suit by the Trustee. If any Amortization Event specified in clauses (a) or (b) of Section 9.1 occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against AFC-II TFFC for the whole amount of principal and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

Appears in 1 contract

Samples: Base Indenture (Team Rental Group Inc)

Collection Suit by the Trustee. If any Amortization Event specified in clauses (a) or (b) of Section 9.1 8.1 occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against AFC-II Thrifty Finance for the whole amount of principal and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, an interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

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Collection Suit by the Trustee. If any Amortization Event specified in clauses (a) or (b) of Section 9.1 occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against AFC-II CRCF for the whole amount of principal and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

Appears in 1 contract

Samples: Base Indenture (Cendant Corp)

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