Common use of Deficiencies in Payments Clause in Contracts

Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, and notwithstanding the prior distribution to the Series 2007-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 2007-1 Noteholders of the full Series 2007-1 Invested Amount of the Series 2007-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date and on the Series 2007-1 Termination Date to the Series 2007-1 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any time to the Series 2007-1 Notes, and (ii) any deficiency in such full Series 2007-1 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest. The Series 2007-1 Outstanding Principal Amount shall be due and payable in full on the Series 2007-1 Termination Date.

Appears in 1 contract

Samples: Collateral Agency 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, and notwithstanding the prior distribution to the Series 20072005-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 20072005-1 Noteholders of the full Series 20072005-1 Invested Amount of the Series 20072005-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date and on the Series 20072005-1 Termination Date to the Series 20072005-1 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any time to the Series 20072005-1 Notes, and (ii) any deficiency in such full Series 20072005-1 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest. The Series 20072005-1 Outstanding Principal Amount shall be due and payable in full on the Series 20072005-1 Termination Date.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, and notwithstanding the prior distribution to the Series 20072004-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 20072004-1 Noteholders of the full Series 20072004-1 Invested Amount of the Series 20072004-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date and on the Series 20072004-1 Termination Date to the Series 20072004-1 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any time to the Series 20072004-1 Notes, and (ii) any deficiency in such full Series 20072004-1 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest. The Series 20072004-1 Outstanding Principal Amount shall be due and payable in full on the Series 20072004-1 Termination Date.

Appears in 1 contract

Samples: Collateral Agency 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, and notwithstanding the prior distribution to the Series 20072006-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 20072006-1 Noteholders of the full Series 20072006-1 Invested Amount of the Series 20072006-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date and on the Series 20072006-1 Termination Date to the Series 20072006-1 Noteholders to the extent of recoveries, proceeds and other assets of RCFC allocable at any time to the Series 20072006-1 Notes, and (ii) any deficiency in such full Series 20072006-1 Invested Amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest. The Series 20072006-1 Outstanding Principal Amount shall be due and payable in full on the Series 20072006-1 Termination Date.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

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