Common use of Demand Note Advances Clause in Contracts

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 2010-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 2010-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 2 contracts

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

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Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1Section 4.7(a)(i)(B) of the Series 20102004-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(i)(B) and 4.7(b)(i)(B) of the Series 20102004-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Collateral Agency Agreement (Dollar Thrifty Automotive Group Inc)

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) Section [________] of the Series 2010-1 [_______] Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) Sections [________] and [________] of the Series 2010-1 [_______] Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 [_______] Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Occupancy and Services Agreement (Dollar Thrifty Automotive Group Inc)

Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1Section 4.7(a)(i)(B) of the Series 20102003-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(i)(B) and 4.7(b)(i)(B) of the Series 20102003-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Vehicle Disposition Recoveries not allocated pursuant to Sections 4.7(a)(ii)(14.7(a)(ii)(A), 4.7(b)(ii)(14.7(b)(ii)(A) or 4.7(c)(ii)(1) of the Series 2010-1 3 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 2010-1 3 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 3 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not allocated pursuant to Sections 4.7(a)(ii)(14.7(a)(ii)(A), 4.7(b)(ii)(14.7(b)(ii)(A) or 4.7(c)(ii)(14.7(c)(ii)(A) of the Series 2010-1 2 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 2010-1 2 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 2 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Servicing Agreement (Dollar Thrifty Automotive Group Inc)

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not allocated pursuant to Sections Section 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 20101998-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(ii)(1) and 4.7(b)(ii)(1) of the Series 20101998-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 20101998-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections Section 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 20102000-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(ii)(1) and 4.7(b)(ii)(1) of the Series 20102000-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, DTAG as borrower, borrower out of and not to exceed in any Related Month the amount of Recoveries not allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or and 4.7(c)(ii)(1) of the Series 2010-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 20101998-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not allocated pursuant to Sections 4.7(a)(ii)(14.7(a)(ii)(A), 4.7(b)(ii)(14.7(b)(ii)(A) or 4.7(c)(ii)(1) of the Series 2010-1 3 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 2010-1 3 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 3 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

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

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Vehicle Disposition Recoveries not allocated pursuant to Sections 4.7(a)(ii)(14.7(a)(i)(B), 4.7(b)(ii)(14.7(b)(i)(B) or 4.7(c)(ii)(14.7(c)(i)(C) of the Series 20102011-1 2 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 20102011-1 2 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicableRate. The date, amount, interest rate and duration of the Series 20102011-1 2 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1Section 4.7(a)(i)(B) of the Series 20102005-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(i)(B) and 4.7(b)(i)(B) of the Series 20102005-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

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Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1Section 4.7(a)(i)(B) of the Series 20102002-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(i)(B) and 4.7(b)(i)(B) of the Series 20102002-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, DTAG as borrower, borrower out of and not to exceed in any Related Month the amount of Recoveries not allocated so allocated, as pursuant to Sections Section 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 20101999-1 Supplement Supplement, that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(ii)(1), 4.7(b)(ii)(1), and 4.7(c)(ii)(1) of the Series 20101999-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and funds that are not otherwise allocated to exceed in any Related Month making payments under the amount of Recoveries not allocated Series 2007-1 Notes or for the purposes pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) Article 4 of the Series 20102007-1 Supplement that may and are transferred to the Retained Distribution Account and available to be lent under this Demand Note pursuant to, and subject to the limitations set forth in, Section 4.7(d)(i) of the Series 20102007-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 20102007-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Collateral Agency Agreement (Dollar Thrifty Automotive Group Inc)

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections Section 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 20102000-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(ii)(1) and 4.7(b)(ii)(1) of the Series 20102000-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 20102000-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances ("Demand Note Advances") upon request from DTAG, DTAG as borrower, borrower out of and not to exceed in any Related Month the amount of by which Recoveries not allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1) of the Series 2010-1 Supplement constituting Profits that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(ii)(1), 4.7(b)(ii)(1), and 4.7(c)(ii)(1) of the Series 20101998-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 2010-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Recoveries not so allocated pursuant to Sections 4.7(a)(ii)(1), 4.7(b)(ii)(1) or 4.7(c)(ii)(1Section 4.7(a)(i)(B) of the Series 20102006-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(iSections 4.7(a)(i)(B) and 4.7(b)(i)(B) of the Series 20102006-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicable. The date, amount, interest rate and duration of the Series 20102006-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

Demand Note Advances. RCFC agrees to make advances (“Demand Note Advances”) upon request from DTAG, as borrower, out of and not to exceed in any Related Month the amount of Vehicle Disposition Recoveries not allocated pursuant to Sections 4.7(a)(ii)(14.7(a)(i)(B), 4.7(b)(ii)(14.7(b)(i)(B) or 4.7(c)(ii)(14.7(c)(i)(C) of the Series 20102011-1 Supplement that may be lent under this Demand Note pursuant to Section 4.7(d)(i) of the Series 20102011-1 Supplement. Such Demand Note Advances are repayable by DTAG, with interest, on each Demand Date upon demand by RCFC or the Trustee, as assignee of RCFC. Demand Note Advances shall accrue interest on the outstanding balance thereof at the Demand Note Rate then applicableRate. The date, amount, interest rate and duration of the Series 20102011-1 Interest Period (if applicable) of each Demand Note Advance made by RCFC to DTAG and each payment made on account of the principal thereof, shall be recorded by RCFC on its books and, prior to any transfer of this Demand Note, endorsed by RCFC on Schedule A attached hereto or any continuation thereof, provided that the failure of RCFC to make any such recordation or endorsement shall not affect the obligations of DTAG to make a payment when due of any amount owing hereunder or under any other Related Document in respect of the Demand Note Advances made by RCFC.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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