Common use of Deficiencies in Payments Clause in Contracts

Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, (i) any deficiency in payment to the Series 2010-3 Noteholders of the full Series 2010-3 Invested Amount of the Series 2010-3 Notes and any accrued and unpaid interest thereon shall remain due and shall be payable on the Series 2010-3 Final Maturity Date and thereafter to the Series 2010-3 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any such time to the Series 2010-3 Notes, and (ii) any such deficiency in such full Series 2010-3 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in such period of any amounts in respect of the Retained Interest. The Series 2010-3 Invested Amount shall be due and payable in full on the Series 2010-3 Final Maturity Date.

Appears in 2 contracts

Samples: Increases and Decreases (Dollar Thrifty Automotive Group Inc), Dollar Thrifty Automotive Group Inc

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Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, (i) any deficiency in payment to the Series 20102011-3 1 Noteholders of the full Series 20102011-3 1 Invested Amount of the Series 20102011-3 1 Notes and any accrued and unpaid interest thereon shall remain due and shall be payable on the Series 20102011-3 1 Final Maturity Date and thereafter to the Series 20102011-3 1 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any such time to the Series 20102011-3 1 Notes, and (ii) any such deficiency in such full Series 20102011-3 1 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in such period of any amounts in respect of the Retained Interest. The Series 20102011-3 1 Invested Amount shall be due and payable in full on the Series 20102011-3 1 Final Maturity Date.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, (i) any deficiency in payment to the Series 2010-3 2 Noteholders of the full Series 2010-3 2 Invested Amount of the Series 2010-3 2 Notes and any accrued and unpaid interest thereon shall remain due and shall be payable on the Series 2010-3 2 Final Maturity Date and thereafter to the Series 2010-3 2 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any such time to the Series 2010-3 2 Notes, and (ii) any such deficiency in such full Series 2010-3 2 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in such period of any amounts in respect of the Retained Interest. The Series 2010-3 2 Invested Amount shall be due and payable in full on the Series 2010-3 2 Final Maturity Date.

Appears in 1 contract

Samples: Servicing Agreement (Dollar Thrifty Automotive Group Inc)

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Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, (i) any deficiency in payment to the Series 20102011-3 2 Noteholders of the full Series 20102011-3 2 Invested Amount of the Series 20102011-3 2 Notes and any accrued and unpaid interest thereon shall remain due and shall be payable on the Series 20102011-3 2 Final Maturity Date and thereafter to the Series 20102011-3 2 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any such time to the Series 20102011-3 2 Notes, and (ii) any such deficiency in such full Series 20102011-3 2 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in such period of any amounts in respect of the Retained Interest. The Series 20102011-3 2 Invested Amount shall be due and payable in full on the Series 20102011-3 2 Final Maturity Date.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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