Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 2015-3.” The Series 2015-3 Notes were issued in three Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 2 contracts
Sources: Fourth Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.), Third Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)
Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 20152010-3 6 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152010-36.” The Series 20152010-3 6 Notes were issued in three Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 20152010-3 6 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20152010-3 6 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 20152010-3 6 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152010-3 6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 2 contracts
Sources: Sixth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.), Fifth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2017-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152017-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2017-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152017-3 Variable Funding 1 3.07% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152017-3 Variable Funding 1 3.41% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2017-1 4.15% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 2015-3 Variable Funding 2017 6.75% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2017-1 Closing Date, ABRCF may on any date during the Series 2017-1 Revolving Period offer and sell additional Series 2017-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2017-1 Notes, if issued, shall be designated as the “Series 2017-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152017-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152017-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2012-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152012-3 2 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2012-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 2 2.802% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 2 3.877% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2012-2 Closing Date, ABRCF may on any date during the Series 2012-2 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2012-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2012-2 Notes, which was if issued, shall be designated as the “Series 20152012-3 Variable Funding 2 Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152012-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152012-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-4 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 4 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-4 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 4 5.49% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 4 6.32% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-4 7.24% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 4 9.170% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-4 Closing Date, ABRCF may on any date during the Series 2023-4 Revolving Period offer and sell additional Series 2023-4 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-4 Notes, if issued, shall be designated as the “Series 2023-4 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 4 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2020-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152020-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152020-3 Variable Funding 2 2.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152020-3 Variable Funding 2 2.96% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152020-3 Variable Funding 2 4.25% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2020-2 9.561% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152020-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152020-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2020 2 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2017-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152017-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2017-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152017-3 Variable Funding 2 2.97% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152017-3 Variable Funding 2 3.33% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2017-2 4.17% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 2015-3 Variable Funding 2017 6.50% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2017-2 Closing Date, ABRCF may on any date during the Series 2017-2 Revolving Period offer and sell additional Series 2017-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2017-2 Notes, if issued, shall be designated as the “Series 2017-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152017-3 2 Notes. The Class B Notes shall be subordinated AMERICAS 93983148 (2K) 1 in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152017-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2018-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152018-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2018-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 1 3.70% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 1 4.00% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2018-1 4.73% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 1 6.354% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2018-1 Closing Date, ABRCF may on any date during the Series 2018-1 Revolving Period offer and sell additional Series 2018-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2018-1 Notes, if issued, shall be designated as the “Series 2018-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152018-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152018-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2018-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152018-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2018-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 2 4.00% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 2 4.27% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2018-2 4.95% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 2 6.326% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2018-2 Closing Date, ABRCF may on any date during the Series 2018-2 Revolving Period offer and sell additional Series 2018-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2018-2 Notes, if issued, shall be designated as the “Series 2018-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152018-3 2 Notes. The Class B Notes shall be subordinated AMERICAS 96004183 1 in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152018-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-4 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 4 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 4 5.49% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 4 6.32% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 4 7.24% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-4 9.170% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-4 8.01% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 4 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 4 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2019-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152019-3 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2019-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 2.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 2.65% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2019-3 3.15% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 4.874% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2019-3 Closing Date, ABRCF may on any date during the Series 2019-3 Revolving Period offer and sell additional Series 2019-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2019-3 Notes, if issued, shall be designated as the “Series 2019-3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152019-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152019-3 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Group IV Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Group IV Series of Notes was shall be designated generally as “Variable Funding "Rental Car Asset Backed Notes, Series 20152002-3.” 2". The Series 20152002-3 2 Notes were shall be issued in three Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued four classes: (i) one tranche of Class A Notes, which was designated as the “Series 20152002-3 Variable Funding 2 Rental Car Asset Backed Notes, Class A”, which shall be designated generally as the "Class A Notes", (ii) one tranche of Class B Notes, which was designated as the “Series 20152002-3 Variable Funding 2 Rental Car Asset Backed Notes, Class B” and , which shall be designated generally as the "Class B Notes", (iii) one tranche of Class R Notes, which was designated as the “Series 20152002-3 Variable Funding 2 Rental Car Asset Backed Notes, Class R.” The C, which shall be designated generally as the "Class C Notes" and (iv) Series 2002-2 Rental Car Asset Backed Notes Class D, which shall be designated generally as the "Class D Notes" (and, together with the Class A Notes, the Class B Notes and the Class R C Notes, the "SERIES 2002-2 NOTES"). The Series 2002-2 Notes constitute the Series 2015-3 Notesshall be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The Class B Notes shall be are subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be are subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes are subordinated in right of payment to the Class A Notes, the Class B Notes and the Class C Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20152002-3 2 Notes were shall be deposited in the Group IV Collection Account and were paid to ABRCF and used to make Loans under fund increases in the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date principal amounts of the Original Group IV Leasing Company Notes and/or to reduce the principal amount of other Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal CollectionsNotes. The Series 20152002-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture)) sharing in the Group IV Collateral and excluding any other Group-Specific Collateral that is not Group IV Collateral under the Base Indenture. Accordingly, all references in this Series Supplement to “"all” " Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to “"all” " Series of Notes) shall refer to all Series of Notes sharing in the Group IV Collateral and shall exclude each other Series of Notes (whether a Segregated Series secured by collateral other than the Group IV Collateral or a non-Segregated Series of Notes).
Appears in 1 contract
Sources: Series Supplement (Anc Rental Corp)
Designation. A (a) Pursuant to the Indenture and the Existing Indenture Supplement, a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement and such Series of Notes was designated generally known as “Variable Funding Rental Car Asset Backed NotesWorld Financial Network Credit Card Master Note Trust, Series 20152009-3VFN” or the “Series 2009-VFN Notes.” The Series 20152009-3 VFN Notes were issued in three Classes, the first of which is known as the “Class A Series 2009-VFN Floating Rate Asset Backed Notes”, the second of which is known as “Class B Series 2009-VFN Asset Backed Notes”, and the “Class B M Series 2009-VFN Asset Backed Notes”. Pursuant to the Indenture and this Indenture Supplement, “Class C Series 2009-VFN Floating Rate Asset Backed Notes” are being issued and the third of which is known as the Series 2009-VFN Notes will include four classes. The Series 2009-VFN Notes shall be Variable Interests.
(b) The Class A Notes may from time to time be divided into separate ownership tranches (each a “Class R Notes.” As A Ownership Tranche”) which shall be identical in all respects, except for their respective Class A Maximum Principal Balances, Class A Principal Balances and certain matters relating to the rate and payment of the date hereof, ABRCF has issued (i) one tranche interest. The initial allocation of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Notes among Class A NotesOwnership Tranches shall be made, the and reallocations among such Class B Notes A Ownership Tranches or new Class A Ownership Tranches may be made, as provided in Section 4.1 of this Indenture Supplement and the Class R Notes constitute the A Note Purchase Agreement.
(c) Series 20152009-3 Notes. The Class B Notes VFN shall be subordinated included in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes Group One and shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth hereina Principal Sharing Series. The proceeds from the initial sale of the Series 20152009-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans VFN shall be deemed an Excess Allocation Series with respect to Group One only. Series 2009-VFN shall not be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement subordinated to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes any other than Segregated Series of NotesSeries.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2019-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152019-3 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152019-3 Variable Funding 2.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152019-3 Variable Funding 2.65% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152019-3 Variable Funding 3.15% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2019-3 4.874% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2019-3 5.43% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152019-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152019-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 this Supplement and such Series of Notes was shall be designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20151996-3.” 1. The Series 20151996-3 1 Notes were (as defined below) shall be issued in three Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche four classes of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, and three classes of Class B Notes, the Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes. The Class A-1 Rental Car Asset Backed Notes, the Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding A-2 Rental Car Asset Backed Notes, the Class B” A-3 Rental Car Asset Backed Notes and (iii) one tranche of the Class R Notes, which was A-4 Rental Car Asset Backed Notes are designated generally herein as the “Series 2015-3 Variable Funding "Class A Notes" and the Class B-1 Rental Car Asset Backed Notes, the Class R.” B-2 Rental Car Asset Backed Notes and the Class B-3 Rental Car Asset Backed Notes are designated generally herein as the "Class B Notes". The Class A Notes, Notes and the Class B Notes and are referred to collectively as the Class R Notes constitute the "Series 20151996-3 1 Notes". The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be are subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20151996-3 1 Notes were shall be deposited in the Collection Account (and were paid to ABRCF and used to make Loans under the Loan Agreements allocated to the extent that the Borrowers had requested Loans thereunder Series 1996-1 Excess Funding Account) and Eligible Vehicles were available for acquisition or refinancing thereunder shall be used (i) on the date of Series 1996-1 Closing Date, to refinance the Original Refinanced Vehicles, (ii) from the Series 20151996-3 Supplement. Any such portion of proceeds not so used 1 Closing Date to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.90th
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2024-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 1 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 1 5.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 1 5.85% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152024-3 Variable Funding 1 6.48% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2024-1 8.427% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2024-1 8.05% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152024-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152024-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2024 1 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-8 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 8 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. AMERICAS 128889470 1 On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 8 6.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 8 6.66% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 8 7.34% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-8 9.268% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-8 8.03% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 8 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 8 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 8 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as “Variable Funding the Series 2011-1 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 1 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 1 1.85% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 1 2.98% Rental Car Asset Backed Notes, Class B” B. Subsequent to the Series 2011-1 Closing Date, ABRCF may on any date during the Series 2011-1 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2011-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2011-1 Notes, which was if issued, shall be designated as the “Series 20152011-3 Variable Funding 1 Fixed Rate Rental Car Asset Backed Notes, Class R.” C, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152011-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152011-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Prior Series 20152009-3 2 Supplement and such Series of Notes was designated generally as “Variable Funding Series 2009-2 Rental Car Asset Backed Notes. On the Series 2009-2 Class A Notes Closing Date, two classes of Series 2009-2 Notes were issued: the first of which was designated as the Series 2009-2 4.26% Rental Car Asset Backed Notes, Class A-1, and referred to herein as the Class A-1 Notes, and the second of which was designated as the Series 20152009-3.” The 2 5.29% Rental Car Asset Backed Notes, Class A-2, and referred to herein as the Class A-2 Notes. On the Series 20152009-3 2 Class B Notes were issued in three ClassesClosing Date, two additional classes of Series 2009-2 Notes shall be issued: the first of which is known shall be designated as the Series 2009-2 4.94% Rental Car Asset Backed Notes, Class B-1, and referred to herein as the Class B-1 Notes and the second of which shall be designated as the Series 2009-2 5.93% Rental Car Asset Backed Notes, Class B-2, and referred to herein as the Class B-2 Notes. The Class A-1 Notes and the Class A-2 Notes are referred to herein collectively as the “Class A Notes”, . The Class B-1 Notes and the second of which is known Class B-2 Notes are referred to herein collectively as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” . The Class A Notes, Notes together with the Class B Notes and the Class R Notes constitute are referred to herein collectively as the Series 20152009-3 2 Notes. The Series 2009-2 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The net proceeds from the sale of the Class A Notes were deposited in the Series 2009-2 Excess Collection Account on the Series 2009-2 Class A Notes Closing Date and applied in accordance with the Prior Series 2009-2 Supplement. The net proceeds from the sale of the Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Series 2009-2 Excess Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 20152009-3 2 Class B Notes Closing Date and applied in accordance with this Series Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series Supplement (Hertz Global Holdings Inc)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-6 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 6 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 6 5.81% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 6 6.40% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 6 7.03% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-6 8.969% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-6 8.03% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 6 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 6 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2015-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 2015-3 1 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2015-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 2015-3 Variable Funding 1 2.50% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 2015-3 Variable Funding 1 3.22% Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R C Notes, which was shall be designated as the “Series 2015-3 Variable Funding 1 3.96% Rental Car Asset Backed Notes, Class R.” C”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 2015-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 1 Notes were shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2025-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152025-3 2 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2025-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 2 5.12% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 2 5.51% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2025-2 6.24% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated as the “Series 2025-2 7.84% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 2 9.795% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2025-2 Closing Date, ABRCF may on any date during the Series 2025-2 Revolving Period offer and sell additional Series 2025-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2025-2 Notes, if issued, shall be designated as the “Series 2025-2 Rental Car Asset Backed Notes, Class E” and shall be referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, Class E Notes, if issued, and the Class R Notes collectively, constitute the Series 20152025-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes, Class D Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152025-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 1 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the AMERICAS 128869492 1 “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 1 5.25% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 1 6.08% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 1 6.23% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-1 10.623% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-1 8.00% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 1 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2014-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152014-3 2 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2014-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152014-3 Variable Funding 2 2.50% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152014-3 Variable Funding 2 3.29% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2014-2 Closing Date, ABRCF may on any date during the Series 2014-2 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2014-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2014-2 Notes, which was if issued, shall be designated as the “Series 20152014-3 Variable Funding 2 Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152014-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152014-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2025-4 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152025-3 4 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2025-4 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 4 4.40% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 4 4.77% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2025-4 5.26% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated as the “Series 2025-4 6.72% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 4 8.685% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2025-4 Closing Date, ABRCF may on any date during the Series 2025-4 Revolving Period offer and sell additional Series 2025-4 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2025-4 Notes, if issued, shall be designated as the “Series 2025-4 Rental Car Asset Backed Notes, Class E” and shall be referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, Class E Notes, if issued, and the Class R Notes collectively, constitute the Series 20152025-3 4 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes, Class D Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152025-3 4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5.44% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 6.12% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 7.05% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-3 8.964% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-3 9.646% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 3 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2012-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152012-3 1 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2012-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 1 2.054% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 1 3.241% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2012-1 Closing Date, ABRCF may on any date during the Series 2012-1 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2012-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2012-1 Notes, which was if issued, shall be designated as the “Series 20152012-3 Variable Funding 1 Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152012-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152012-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as “Variable Funding the Series 2011-3 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-3 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152011-3 Variable Funding 3.41% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was designated as the “Series 20152011-3 Variable Funding 4.74% Rental Car Asset Backed Notes, Class B” and (iii) B. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 3.68% Rental Car Asset Backed Notes, Class R.” C. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152011-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152011-3 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 1 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 1 5.25% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 1 6.08% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 1 6.23% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-1 10.623% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-1 8.00% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABRCF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-1 7.59% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 129834060 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 1 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-5 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 5 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5 5.78% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5 6.12% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 5 6.85% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-5 8.768% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-5 9.657% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 5 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2024-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2024-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 1 5.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 1 5.85% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2024-1 6.48% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 1 8.427% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2024-1 Closing Date, ABRCF may on any date during the Series 2024-1 Revolving Period offer and sell additional Series 2024-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2024-1 Notes, if issued, shall be designated as the “Series 2024-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152024-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152024-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2013-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152013-3 1 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2013-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 1 1.92% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 1 2.62% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2013-1 Closing Date, ABRCF may on any date during the Series 2013-1 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2013-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2013-1 Notes, which was if issued, shall be designated as the “Series 20152013-3 Variable Funding 1 Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152013-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152013-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 2015-3.” The 3.”The Series 2015-3 Notes were issued in three two Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third second of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iiiii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2016-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152016-3 2 Notes were shall be issued in three up to four Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class R C Notes.” As and the fourth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2016-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 2 2.72% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 2 3.36% Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R C Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 2 4.83% Rental Car Asset Backed Notes, Class R.C”. Subsequent to the Series 2016-2 Closing Date, ABRCF may on any date during the Series 2016-2 Revolving Period offer and sell additional Series 2016-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2016-2 Notes, if issued, shall be designated as the “Series 2016-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes, Class C Notes and the Class R Notes D Notes, if issued, collectively, constitute the Series 20152016-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.forth
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-7 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 7 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-7 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 7 5.90% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 7 6.44% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-7 7.41% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 7 9.321% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-7 Closing Date, ABRCF may on any date during the Series 2023-7 Revolving Period offer and sell additional Series 2023-7 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-7 Notes, if issued, shall be designated as the “Series 2023-7 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 7 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 7 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2020-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152020-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2020-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 2 2.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 2 6.40% Rental Car Asset Backed Notes, Class R.” The Class A R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes if issued, shall be subordinated in right of payment to designated as the Class A “Series 2020-2 Rental Car Asset Backed Notes, to the extent set forth herein. The Class R Notes D” and shall be subordinated in right of payment referred to herein as the “Class A Notes and the Class B D Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes”.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Series 2009-2 Rental Car Asset Backed Notes. On the Series 2009-2 Closing Date, two classes of Series 20152009-3.” The Series 2015-3 2 Notes were issued in three Classes, shall be issued: the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152009-3 Variable Funding 2 4.26% Rental Car Asset Backed Notes, Class A”A-1, (ii) one tranche of and referred to herein as the Class B A-1 Notes, and the second of which was shall be designated as the “Series 20152009-3 Variable Funding 2 5.29% Rental Car Asset Backed Notes, Class B” A-2 and (iii) one tranche referred to herein as the Class A-2 Notes. The Class A-1 Notes and the Class A-2 Notes are referred to herein collectively as the Class A Notes. Subsequent to the Series 2009-2 Closing Date, HVF may on any date during the Series 2009-2 Revolving Period offer and sell additional Series 2009-2 Notes in up to two classes, subject to the satisfaction of Class R Notesthe conditions set forth in Section 6.19 of this Series Supplement: the first of which, which was if issued, shall be designated as the “Series 20152009-3 Variable Funding 2 Fixed Rate Rental Car Asset Backed Notes, Class R.B-1, and referred to herein as the “Class B-1 Notes” and the second of which, if issued, shall be designated as the Series 2009-2 Fixed Rate Rental Car Asset Backed Notes, Class B-2, and referred to herein as the “Class B-2 Notes”. The Class A Notes, the Class B B-1 Notes and the Class R B-2 Notes constitute are referred to herein collectively as the Series 2015-3 “Class B Notes”. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and together with the Class B Notes, if issued, are referred to herein collectively as the extent set forth hereinSeries 2009-2 Notes. The Series 2009-2 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The net proceeds from the initial sale of the Series 2015-3 Class A Notes were shall be deposited in the Series 2009-2 Excess Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original applied in accordance with this Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 2 5.20% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 2 6.03% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-2 8.55% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 2 10.476% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-2 Closing Date, ABRCF may on any date during the Series 2023-2 Revolving Period offer and sell additional Series 2023-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-2 Notes, if issued, shall be designated as the “Series 2023-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2015-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 2015-3 2 Notes were shall be issued in three up to four Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class R C Notes.” As and the fourth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2015-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 2015-3 Variable Funding 2 2.63% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 2015-3 Variable Funding 2 3.42% Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R C Notes, which was shall be designated as the “Series 2015-3 Variable Funding 2 3.93% Rental Car Asset Backed Notes, Class R.C”. Subsequent to the Series 2015-2 Closing Date, ABRCF may on any date during the Series 2015-2 Revolving Period offer and sell additional Series 2015-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2015-2 Notes, if issued, shall be designated as the “Series 2015-2 Fixed Rate Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes, Class C Notes and the Class R Notes D Notes, if issued, collectively, constitute the Series 2015-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes were and Class C Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152005-3.” The 4. On the Series 20152005-3 Notes were issued in three Classes4 Closing Date, the first one class of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152005-3 4 Variable Funding Rental Car Asset Backed Notes, Class AA shall be issued, and be referred to herein as the “Class A Notes”, (ii) one tranche . At any time prior to the Expected Final Payment Date for the Class of Class B NotesNotes issued, additional Series 2005-4 Notes may be issued in up to two classes: the first of which was shall be designated as the “Series 20152005-3 Variable Funding 4 Floating Rate Rental Car Asset Backed Notes, Class B” B-1, and (iii) one tranche referred to herein as the Class B-1 Notes and the second of Class R Notes, which was shall be designated as the “Series 20152005-3 Variable Funding 4 Fixed Rate Rental Car Asset Backed Notes, Class R.” B-2, and referred to herein as the Class B-2 Notes. The Class A Notes, the Class B B-1 Notes and the Class R B-2 Notes constitute are referred to herein collectively as the Series 2015-3 “Class B Notes”. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes are referred to herein collectively as the “Series 2005-4 Notes, to the extent set forth herein.” The Class B Notes shall be issued in minimum denominations of $25,000 and integral multiples of $1,000 in excess thereof. The net proceeds from the initial sale of the Series 20152005-3 4 Notes were shall be deposited in the Series 2005-4 Excess Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date payments in reduction of the Original Series 2015-3 Supplement. Any such portion Principal Amount of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated other Series of Notes (as more fully described in or paid to HVF and used to acquire Eligible Vehicles from HGI pursuant to the Base Indenture). Accordingly, all references in this Supplement to “all” Purchase Agreement on the related Series of 2005-4 Class B Notes (and all references in this Supplement to terms defined in Closing Date or for other purposes permitted under the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of NotesRelated Documents.
Appears in 1 contract
Sources: Amended and Restated Series Supplement (Hertz Global Holdings Inc)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2012-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152012-3 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2012-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 2.10% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 3.04% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2012-3 Closing Date, ABRCF may on any date during the Series 2012-3 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2012-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2012-3 Notes, which was if issued, shall be designated as the “Series 20152012-3 Variable Funding Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152012-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152012-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as “Variable Funding the Series 2012-2 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152012-3 2 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. NEWYORK 8960490 (2K)A&R Series 2012-2 Supplement (Class C Note issuance) 1 On the date hereofSeries 2012-2 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152012-3 Variable Funding 2 2.802% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was designated as the “Series 20152012-3 Variable Funding 2 3.887% Rental Car Asset Backed Notes, Class B” and (iii) B. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 2 4.00% Rental Car Asset Backed Notes, Class R.” C. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152012-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152012-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2012 2 Supplement (Avis Budget Group, Inc.)
Designation. A (a) Pursuant to the Indenture and the Existing Indenture Supplement a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement and such Series of Notes was designated generally known as “Variable Funding Rental Car Asset Backed NotesWorld Financial Capital Master Note Trust, Series 20152009-3VFN” or the “Series 2009-VFN Notes.” The Series 20152009-3 VFN Notes were issued in three four Classes, the first of which is known as the “Class A Series 2009-VFN Floating Rate Asset Backed Notes”, ,” the second of which is known as “Class M Series 2009-VFN Asset Backed Notes,” the “Class B Series 2009-VFN Asset Backed Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “C Series 20152009-3 Variable Funding Rental Car VFN Asset Backed Notes, ” (together with the Class A”, (ii) one tranche of Class B Notes, which was designated as the “M Series 20152009-3 Variable Funding Rental Car VFN Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Series 2009-VFN Asset Backed Notes, to the extent set forth herein“Subordinated Series 2009-VFN Asset Backed Notes”). The proceeds from the initial sale As of the Sixth Amendment and Restatement Effective Date, (x) the Subordinated Series 20152009-3 VFN Asset Backed Notes were deposited shall be cancelled in accordance with the terms of the Indenture and shall no longer be deemed outstanding in exchange for the increase in the Collection Account Initial Excess Collateral Amount, and were paid to ABRCF and used to make Loans under (y) the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Class A Series 20152009-3 Supplement. Any such portion of proceeds not so used to make Loans VFN Floating Rate Asset Backed Notes shall be deemed to be Principal Collectionsthe sole Class of Series 2009-VFN Notes. The Series 20152009-3 VFN Notes are shall be Variable Interests.
(b) The Class A Notes may from time to time be divided into separate ownership tranches (each a non“Class A Ownership Tranche”) which shall be identical in all respects, except for their respective Class A Maximum Principal Balances, Class A Principal Balances and certain matters relating to the rate and payment of interest. The initial allocation of Class A Notes among Class A Ownership Tranches shall be made, and reallocations among such Class A Ownership Tranches or new Class A Ownership Tranches may be made, as provided in Section 4.1 of this Indenture Supplement and the Class A Note Purchase Agreement.
(c) Series 2009-Segregated VFN shall be included in Group One and shall be a Principal Sharing Series. Series of Notes (as more fully described in the Base Indenture)2009-VFN shall be an Excess Allocation Series with respect to Group One only. Accordingly, all references in this Supplement Series 2009-VFN shall not be subordinated to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes any other than Segregated Series of NotesSeries.
Appears in 1 contract
Sources: Indenture Supplement (Bread Financial Holdings, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2013-2 Rental Car Asset Backed Notes, Series 2015-3.” The Series 20152013-3 2 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2013-2 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152013-3 Variable Funding 2 2.97% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was designated as the “Series 20152013-3 Variable Funding 2 3.66% Rental Car Asset Backed Notes, Class B” and (iii) ”. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 2 3.52% Rental Car Asset Backed Notes, Class R.” C”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152013-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152013-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as “Variable Funding the Series 2011-5 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 5 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-5 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152011-3 Variable Funding 5 3.27% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was designated as the “Series 20152011-3 Variable Funding 5 4.72% Rental Car Asset Backed Notes, Class B” and (iii) B. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 5 3.78% Rental Car Asset Backed Notes, Class R.” C. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152011-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152011-3 5 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2019-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152019-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152019-3 Variable Funding 2 3.35% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152019-3 Variable Funding 2 3.55% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152019-3 Variable Funding 2 4.24% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2019-2 5.926% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2019-2 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152019-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152019-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.)
Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 20152010-3 6 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152010-36.” The Series 20152010-3 6 Notes were issued in three two Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third second of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iiiii) one tranche of Class R Notes, which was designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 20152010-3 6 Notes. The Class B R Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20152010-3 6 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 20152010-3 6 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152010-3 6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Fourth Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152005-3.” The 2. On the Series 20152005-3 2 Closing Date, six classes of Series 2005-2 Notes were issued in three Classes, shall be issued: the first of which is known shall be designated as the Series 2005-2 Floating Rate Rental Car Asset Backed Notes, Class A-1, and referred to herein as the Class A-1 Notes, the second of which shall be designated as the Series 2005-2 4.93% Rental Car Asset Backed Notes, Class A-2, and referred to herein as the Class A-2 Notes, the third of which shall be designated as the Series 2005-2 Floating Rate Rental Car Asset Backed Notes, Class A-3, and referred to herein as the Class A-3 Notes, the fourth of which shall be designated as the Series 2005-2 5.01% Rental Car Asset Backed Notes, Class A-4, and referred to herein as the Class A-4 Notes, the fifth of which shall be designated as the Series 2005-2 Floating Rate Rental Car Asset Backed Notes, Class A-5, and referred to herein as the Class A-5 Notes and the last of which shall be designated as the Series 2005-2 5.08% Rental Car Asset Backed Notes, Class A-6, and referred to herein as the Class A-6 Notes. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes and the Class A-6 Notes are referred to herein collectively as the “Class A Notes”. At any time prior to the Expected Final Payment Date for the Class of Class B Notes being issued, additional Series 2005-2 Notes may be issued in up to six classes: the second first of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152005-3 Variable Funding 2 Floating Rate Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.B-1,
Appears in 1 contract
Sources: Amended and Restated Series Supplement (Hertz Global Holdings Inc)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as “Variable Funding the Series 2011-5 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 5 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-5 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 5 3.27% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 5 4.72% Rental Car Asset Backed Notes, Class B” B. Subsequent to the Series 2011-5 Closing Date, ABRCF may on any date during the Series 2011-5 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2011-5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2011-5 Notes, which was if issued, shall be designated as the “Series 20152011-3 Variable Funding 5 Fixed Rate Rental Car Asset Backed Notes, Class R.” C, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152011-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152011-3 5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-4 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 4 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 4 5.49% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 4 6.32% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 4 7.24% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-4 9.170% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-4 8.01% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABRCF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-4 7.31% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 4 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 130188167 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 4 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2024-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 2 5.13% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 2 5.57% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152024-3 Variable Funding 2 6.01% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2024-2 7.942% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2024-2 9.672% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152024-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152024-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as “Variable Funding the Series 2011-3 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 3.41% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 4.74% Rental Car Asset Backed Notes, Class B” B. Subsequent to the Series 2011-3 Closing Date, ABRCF may on any date during the Series 2011-3 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2011-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2011-3 Notes, which was if issued, shall be designated as the “Series 20152011-3 Variable Funding Fixed Rate Rental Car Asset Backed Notes, Class R.” C, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152011-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152011-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-7 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 7 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. AMERICAS 128889412 1 On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 7 5.90% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 7 6.44% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 7 7.41% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-7 9.321% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-7 7.98% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 7 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 7 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5.44% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 6.12% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 7.05% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-3 8.964% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-3 9.646% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABCRF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-3 7.32% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 129552375 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 3 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2024-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 5.23% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 5.58% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152024-3 Variable Funding 6.11% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2024-3 8.062% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2024-3 8.06% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152024-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152024-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2024 3 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2013-1 Rental Car Asset Backed Notes, Series 2015-3.” The Series 20152013-3 1 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. NEWYORK 8960494 (2K)A&R Series 2013-1 Supplement (Class C Note issuance) 1 On the date hereofSeries 2013-1 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152013-3 Variable Funding 1 1.92% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was designated as the “Series 20152013-3 Variable Funding 1 2.62% Rental Car Asset Backed Notes, Class B” and (iii) ”. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 1 4.42% Rental Car Asset Backed Notes, Class R.” C”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152013-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152013-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 2 5.20% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 2 6.03% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 2 6.18% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-2 10.476% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-2 9.613% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABCRF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-2 7.26% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 129552364 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 2 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Series 2005-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152005-3 1 Notes were (as defined herein) shall be issued in three Classes, six classes: (i) the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152005-3 Variable Funding 1 4.02% Rental Car Asset Backed Notes, Class AA-1, and referred to herein as the “Class A-1 Notes”, (ii) one tranche the second of Class B Notes, which was shall be designated as the “Series 20152005-3 Variable Funding 1 Floating Rate Rental Car Asset Backed Notes, Class B” A-2, and referred to herein as the “Class A-2 Notes”, (iii) one tranche the third of Class R Notes, which was shall be designated as the “Series 20152005-3 Variable Funding 1 4.29% Rental Car Asset Backed Notes, Class R.A-3, and referred to herein as the “Class A-3 Notes” and (iv) the fourth of which shall be designated as the Series 2005-1 Floating Rate Rental Car Asset Backed Notes, Class A-4, and referred to herein as the “Class A-4 Notes”. The Class A A-1 Notes, the Class B A-2 Notes, the Class A-3 Notes and the Class R A-4 Notes constitute are collectively referred to herein as the “Series 20152005-3 1 Notes”. The Class B Series 2005-1 Notes shall be subordinated issued in right minimum denominations of payment to the Class A Notes, to the extent set forth herein$200,000 and integral multiples of $1,000 in excess thereof. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The net proceeds from the initial sale of the Series 20152005-3 1 Notes were shall be deposited in the Series 2005-1 Collection Account and were paid to ABRCF and used to make Loans under fund increases in the Loan Agreements principal amounts of the Leasing Company Notes to the extent that the Borrowers had Leasing Companies have requested Loans funding thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date to make payments in reduction of the Original Invested Amount of other Series 2015-3 Supplement. Any such portion of proceeds not so used Group I Notes from time to make Loans shall be deemed to be Principal Collectionstime. The Series 20152005-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture)) sharing in the Collateral. Accordingly, all references in this Series Supplement to “all” Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes. In addition, the Series 2005-1 Notes are hereby designated as a Series of Group I Notes and this Series Supplement is hereby designated as a Group I Supplement. The Series 2005-1 Notes do not have any rights in any collateral granted to the Trustee other than the Collateral.
Appears in 1 contract
Sources: Second Amended and Restated Series 2004 4 Supplement (Vanguard Car Rental Group Inc.)
Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 2015-3.” The As of the date hereof, the Series 2015-3 Notes were shall be issued in three two Classes, the first of which is shall be known as the “Class A Notes”, ” and the second of which is known as the “Class B Notes” and the third of which is shall be known as the “Class R Notes.” As of On the date hereof, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iiiii) one tranche of Class R Notes, which was shall be designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2025-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152025-3 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2025-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 4.17% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 4.46% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2025-3 4.95% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated as the “Series 2025-3 6.42% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 8.373% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2025-3 Closing Date, ABRCF may on any date during the Series 2025-3 Revolving Period offer and sell additional Series 2025-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2025-3 Notes, if issued, shall be designated as the “Series 2025-3 Rental Car Asset Backed Notes, Class E” and shall be referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, Class E Notes, if issued, and the Class R Notes collectively, constitute the Series 20152025-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes, Class D Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152025-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 20152010-3 6 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152010-36.” The As of the date hereof, the Series 20152010-3 6 Notes were shall be issued in three two Classes, the first of which is shall be known as the “Class A Notes”, ” and the second of which is known as the “Class B Notes” and the third of which is shall be known as the “Class R Notes.” As of On the date hereof, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iiiii) one tranche of Class R Notes, which was shall be designated as the “Series 20152010-3 6 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 20152010-3 6 Notes. The Class B R Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20152010-3 6 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 20152010-3 6 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152010-3 6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Third Amended and Restated Series 2010 6 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2024-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2024-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 5.23% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 5.58% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2024-3 6.11% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 8.062% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2024-3 Closing Date, ABRCF may on any date during the Series 2024-3 Revolving Period offer and sell additional Series 2024-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2024-3 Notes, if issued, shall be designated as the “Series 2024-3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152024-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152024-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A (a) There is hereby created and designated a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 this Indenture Supplement and such Series of Notes was designated generally to be known as “Variable Funding Rental Car Asset Backed NotesWorld Financial Capital Master Note Trust, Series 20152009-3VFN” or the “Series 2009-VFN Notes.” The Series 20152009-3 VFN Notes were shall be issued in three four Classes, the first of which is known as the “Class A Series 2009-VFN Floating Rate Asset Backed Notes”, ,” the second of which is known as “Class M Series 2009-VFN Asset Backed Notes,” the “Class B Series 2009-VFN Asset Backed Notes” and the third of which is known as the “Class R C Series 2009-VFN Asset Backed Notes.” As The Series 2009-VFN Notes shall be Variable Interests.
(b) The Class A Notes may from time to time be divided into separate ownership tranches (each a “Class A Ownership Tranche”) which shall be identical in all respects, except for their respective Class A Maximum Principal Balances, Class A Principal Balances and certain matters relating to the rate and payment of the date hereof, ABRCF has issued (i) one tranche interest. The initial allocation of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Notes among Class A NotesOwnership Tranches shall be made, the and reallocations among such Class B Notes A Ownership Tranches or new Class A Ownership Tranches may be made, as provided in Section 4.1 of this Indenture Supplement and the Class R Notes constitute the A Note Purchase Agreement.
(c) Series 20152009-3 Notes. The Class B Notes VFN shall be subordinated included in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes Group One and shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth hereina Principal Sharing Series. The proceeds from the initial sale of the Series 20152009-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans VFN shall be deemed an Excess Allocation Series with respect to Group One only. Series 2009-VFN shall not be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement subordinated to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes any other than Segregated Series of NotesSeries.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-8 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 8 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-8 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 8 6.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 8 6.66% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-8 7.34% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 8 9.268% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-8 Closing Date, ABRCF may on any date during the Series 2023-8 Revolving Period offer and sell additional Series 2023-8 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-8 Notes, if issued, shall be designated as the “Series 2023-8 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 8 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 8 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was designated generally as “the Series 2021-A Variable Funding Rental Car Asset Backed Notes. On and after the Series 2021-A Restatement Date, five classes of Series 20152021-3.” The Series 2015-3 A Variable Funding Rental Car Asset Backed Notes were issued in three Classesauthorized, the first one of which is known referred to herein as the “Class A Notes”, the second one of which is known referred to herein as the “Class B Notes” and the third ”, one of which is known referred to herein as the “Class R C Notes.” As and one of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated is referred to herein as the “Class RR Notes”. The Class A Notes and the initial Class RR Notes were issued on the Series 20152021-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of A Initial Closing Date. The initial Class B Notes, which was designated additional Class B Notes and additional Class RR Notes were issued after the Series 2021-A Initial Closing Date. The Class C Notes have not been issued as of the “Series 20152021-3 Variable Funding Rental Car Asset Backed A Restatement Date. Subsequent to the Series 2021-A Restatement Date, in accordance with Article II (Initial Issuance; Increases and Decreases of Principal Amount of Series 2021-A Notes), HVF III may on any date during the Series 2021-A Revolving Period issue initial Class C Notes, subject to satisfaction of the 2 conditions set forth in Section 11.10(c) (Amendments). For the avoidance of doubt, all provisions and definitions in this Series 2021-A Supplement relating to or affecting the Class B” C Notes shall remain inoperative until the issuance of the initial Class C Notes on the Class C Notes Closing Date with such modified terms as agreed upon between HVF III and the Class C Committed Note Purchasers pursuant to Section 11.10(c) (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” Amendments). The Class A Notes, the Class B Notes, the Class C Notes and the Class R RR Notes constitute are referred to herein as the “Series 20152021-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes”.
Appears in 1 contract
Sources: Third Amended and Restated Series 2021 a Supplement (Hertz Corp)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2018-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152018-3 1 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152018-3 Variable Funding 1 3.70% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152018-3 Variable Funding 1 4.00% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152018-3 Variable Funding 1 4.73% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2018-1 6.354% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2018-1 5.25% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152018-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152018-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and Investor Certificates to be issued pursuant to the Base Indenture Agreement and the Original this Series 2015-3 Supplement and such Series of Notes was designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 2015-3.” The Series 2015-3 Notes were issued in three Classes, the first of which is to be known as the “Class A Notes”"COLLATERAL CERTIFICATES." The Collateral Certificates will be transferred by the Transferor to World Financial Network Credit Card Master Note Trust (the "NOTE TRUST") pursuant to a Transfer and Servicing Agreement dated as of August 1, 2001 among the Transferor, the second of which is known as the “Class B Notes” Servicer and the third Note Trust. The Note Trust will pledge the Collateral Certificates as collateral for one or more series of which is known notes (each, a "NOTE SERIES") to be issued by the Note Trust pursuant to a Master Indenture dated as of August 1, 2001 between the “Class R Notes.” As Note Trust and BNY Midwest Trust Company, as indenture trustee, and one or more supplements to the Master Indenture (each, an "INDENTURE SUPPLEMENT" and, together with the Master Indenture referred to above, the "INDENTURE"). The portions of the date hereofCollateral Certificates primarily securing each Note Series shall be treated as separate Series (each, ABRCF has issued a "COLLATERAL SERIES") under the Agreement and this Series Supplement. Certain terms pertaining to each Collateral Series will be defined in the applicable Indenture Supplements (i) one tranche of Class A Notesbut are hereby incorporated by reference into this Series Supplement), which was designated as the “including whether or not such Collateral Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “is a Principal Sharing Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute Specified Transferor Amount for such Collateral Series. Unless and until the Trust has been terminated as permitted by Section 3(b) of this Series 2015-3 Notes. The Class B Notes Supplement: (a) each Indenture Supplement executed and delivered by the Note Trust shall be subordinated in right of payment deemed to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the supplement this Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Supplement; (b) a new Collateral Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The issued upon the issuance of each Note Series 2015and shall have the same designation (E.G., Series 2001-3 Notes are a non-Segregated A) and belong to the same Group as the related Note Series; (c) the amounts payable as interest and principal on such Collateral Series shall equal the aggregate of Notes (as more fully described the amounts payable on the related Note Series and shall be payable at the times and in the Base Indenture). Accordinglyamounts specified in the Indenture Supplement for such Note Series, (d) all references amounts available and applied as credit enhancement with respect to such Note Series shall be deemed to be available and applied as credit enhancement with respect to such Collateral Series; (e) all amounts payable to the Transferor pursuant to the related Indenture Supplement shall be deemed to be payable to the Transferor pursuant to this Series Supplement; (f) any "Additional Minimum Transferor Amount" specified in this an Indenture Supplement as an additional amount to “all” Series be considered part of Notes the "Minimum Transferor Amount" pursuant to clause (b) of the definition thereof in Annex A to the Master Indenture shall be deemed to be an additional amount to be considered part of the Minimum Transferor Amount pursuant to clause (b) of the definition of Minimum Transferor Amount and all references in this Supplement to terms (g) the conditions defined in Section 6.3 of the Base Indenture that contain references to “all” Agreement for issuance of new Series must be satisfied in connection with each issuance of Notes) shall refer to all Series of Notes other than Segregated Series of Notesa Note Series.
Appears in 1 contract
Sources: Collateral Series Supplement (World Financial Network Credit Card Master Trust)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 1 5.25% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 1 6.08% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-1 8.70% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 1 10.623% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-1 Closing Date, ABRCF may on any date during the Series 2023-1 Revolving Period offer and sell additional Series 2023-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-1 Notes, if issued, shall be designated as the “Series 2023-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-5 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 5 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-5 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 5 5.78% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 5 6.12% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-5 6.85% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 5 8.768% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-5 Closing Date, ABRCF may on any date during the Series 2023-5 Revolving Period offer and sell additional Series 2023-5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-5 Notes, if issued, shall be designated as the “Series 2023-5 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2019-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152019-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2019-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 2 3.35% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 2 3.55% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2019-2 4.24% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 2 5.926% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2019-2 Closing Date, ABRCF may on any date during the Series 2019-2 Revolving Period offer and sell additional Series 2019-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2019-2 Notes, if issued, shall be designated as the “Series 2019-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152019-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152019-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-3 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-3 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 5.44% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 6.12% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-3 7.05% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 8.964% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-3 Closing Date, ABRCF may on any date during the Series 2023-3 Revolving Period offer and sell additional Series 2023-3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-3 Notes, if issued, shall be designated as the “Series 2023-3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2013-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152013-3 2 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2013-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 2 2.97% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152013-3 Variable Funding 2 3.66% Rental Car Asset Backed Notes, Class B” ”. Subsequent to the Series 2013-2 Closing Date, ABRCF may on any date during the Series 2013-2 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2013-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2013-2 Notes, which was if issued, shall be designated as the “Series 20152013-3 Variable Funding 2 Fixed Rate Rental Car Asset Backed Notes, Class R.” C”, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152013-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152013-3 2 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Series 2015-3.” ”. The Series 20152004-3 1 Notes were (as defined herein) shall be issued in three Classes, seven classes: (i) the first of which is known shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-1, and referred to herein as the “Class A A-1 Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche the second of Class B which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-2, and referred to herein as the “Class A-2 Notes”, (iii) the third of which was shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-3, and referred to herein as the “Class A-3 Notes”, (iv) the fourth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-4, and referred to herein as the “Class A-4 Notes”, (v) the fifth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-5, and referred to herein as the “Class A-5 Notes”, (vi) the sixth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-6, and referred to herein as the “Class A-6 Notes”, and (vii) the seventh of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-7, and referred to herein as the “Class A-7 Notes”. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes, the Class A-6 Notes and the Class A-7 Notes are collectively referred to herein as the “Series 20152004-3 Variable Funding Rental Car Asset Backed 1 Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “Series 2015-3 Variable Funding Rental Car Asset Backed Notes, Class R.” The Class A Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes”. The Class B Series 2004-1 Notes shall be subordinated issued in right minimum denominations of payment to the Class A Notes, to the extent set forth herein$50,000 and integral multiples of $50,000 in excess thereof. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The net proceeds from the initial sale of the Series 20152004-3 1 Notes were and the net proceeds from any Increase (as defined herein) shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under fund increases in the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date principal amounts of the Original Leasing Company Notes and/or to reduce the principal amount of other Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal CollectionsNotes. The Series 20152004-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture)) sharing in the Collateral. Accordingly, all references in this Series Supplement to “all” Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes. In addition, the Series 2004-1 Notes are hereby designated as a Series of Group I Notes and this Series Supplement is hereby designated as a Group I Supplement. The Series 2004-1 Notes do not have any rights in any collateral granted to the Trustee other than the Collateral.
Appears in 1 contract
Sources: Third Amended and Restated Series 2004 1 Supplement (Vanguard Car Rental Group Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the 1 “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 2 5.20% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 2 6.03% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 2 6.18% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-2 10.476% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2023-2 9.613% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152023-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2023 2 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2018-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152018-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152018-3 Variable Funding 2 4.00% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152018-3 Variable Funding 2 4.27% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152018-3 Variable Funding 2 4.95% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2018-2 6.326% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2018-2 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152018-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152018-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2012-3 Rental Car Asset Backed Notes, Series 2015-3.” The Series 20152012-3 Notes were permitted to be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. NEWYORK 8960493 (2K)A&R Series 2012-3 Supplement (Class C Note issuance) 1 On the date hereofSeries 2012-3 Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was designated as the “Series 20152012-3 Variable Funding 2.10% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which was designated as the “Series 20152012-3 Variable Funding 3.04% Rental Car Asset Backed Notes, Class B” and (iii) ”. On the Class C Notes Closing Date, ABRCF shall issue one tranche of Class R C Notes, which was shall be designated as the “Series 20152012-3 Variable Funding 4.23% Rental Car Asset Backed Notes, Class R.” C”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152012-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes and Class B Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date proceeds of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152012-3 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2024-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 2 5.13% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152024-3 Variable Funding 2 5.57% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152024-3 Variable Funding 2 6.01% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2024-2 7.942% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2024-2 9.672% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABCRF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2024-2 7.43% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152024-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152024-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 129549674 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2024 2 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original this Series 2015-3 Supplement and such Series of Notes was shall be designated generally as “Variable Funding Rental Car Asset Backed Notes, Series 20152005-3.” The . On the Series 20152005-3 Closing Date, two classes of Series 2005-3 Notes were issued in three Classes, shall be issued: the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152005-3 Variable Funding Rental Car Asset Backed Notes, Class A”A-1, (ii) one tranche of and referred to herein as the Class B A-1 Notes, and the second of which was shall be designated as the “Series 20152005-3 Variable Funding Rental Car Asset Backed Notes, Class B” A-2, and (iii) one tranche referred to herein as the Class A-2 Notes. The Class A-1 Notes and the Class A-2 Notes are referred to herein collectively as the “Class A Notes”. At any time prior to the Expected Final Payment Date for the Class of Class R NotesB Notes issued, additional Series 2005-3 Notes may be issued in up to four classes: the first of which was shall be designated as the “Series 20152005-3 Variable Funding Floating Rate Rental Car Asset Backed Notes, Class R.” B-1, and referred to herein as the Class B-1 Notes, the second of which shall be designated as the Series 2005-3 Fixed Rate Rental Car Asset Backed Notes, Class B-2, and referred to herein as the Class B-2 Notes, the third of which shall be designated as the Series 2005-3 Floating Rate Rental Car Asset Backed Notes, Class B-3, and referred to herein as the Class B-3 Notes, the fourth of which shall be designated as the Series 2005-3 Fixed Rate Rental Car Asset Backed Notes, Class B-4, and referred to herein as the Class B-4 Notes. The Class A B-1 Notes, the Class B Notes B-2 Notes, the Class B-3 Notes, and the Class R B-4 Notes constitute are referred to herein collectively as the Series 2015-3 “Class B Notes”. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.B
Appears in 1 contract
Sources: Amended and Restated Series Supplement (Hertz Global Holdings Inc)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2023-6 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 6 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2023-6 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 6 5.81% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 6 6.40% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2023-6 7.03% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152023-3 Variable Funding 6 8.969% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2023-6 Closing Date, ABRCF may on any date during the Series 2023-6 Revolving Period offer and sell additional Series 2023-6 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2023-6 Notes, if issued, shall be designated as the “Series 2023-6 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152023-3 6 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152023-3 6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Group I Notes was created and to be issued pursuant to the Base Indenture Group I Supplement and the Original this Series 20152018-3 Supplement 1 Supplement, and such Series of Group I Notes was is hereby designated generally as “Variable Funding Series 2018-1 Rental Car Asset Backed Notes. On the Series 2018-1 Closing Date, five classes of Series 2018-1 Rental Car Asset Backed Notes shall be issued: the first of which shall be designated as the Series 2018-1 3.29% Rental Car Asset Backed Notes, Series 2015-3.” The Series 2015-3 Notes were issued in three ClassesClass A, the first of which is known and referred to herein as the “Class A Notes”, the second of which is known as the “Class B Notes” and the third of which is known as the “Class R Notes.” As of the date hereof, ABRCF has issued (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152018-3 Variable Funding Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “Series 2015-3 Variable Funding 1 3.60% Rental Car Asset Backed Notes, Class B” , and (iii) one tranche referred to herein as the “Class B Notes”, the third of Class R Notes, which was shall be designated as the “Series 20152018-3 Variable Funding 1 4.39% Rental Car Asset Backed Notes, Class R.” C, and referred to herein as the “Class C Notes”, the fourth of which shall be designated as the Series 2018-1 5.86% Rental Car Asset Backed Notes, Class D, and referred to herein as the “Class D Notes”, and the fifth of which shall be designated as the Series 2018-1 7.32% Rental Car Asset Backed Notes, Class RR, and referred to herein as the “Class RR Notes”. Subsequent to the Series 2018-1 Closing Date, HVF II may on any date during the Series 2018-1 Revolving Period offer and sell additional Series 2018-1 Notes in a single class, subject to satisfaction of the conditions set forth in Section 9.18 of this Series 2018-1 Supplement, which, if issued, shall be designated as the Series 2018-1 Fixed Rate Rental Car Asset Backed Notes, Class E, and referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes and Notes, the Class R Notes constitute C Notes, the Class D Notes, the Class RR Notes, and, if issued, the Class E Notes, are referred to herein collectively as the “Series 20152018-3 1 Notes”. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, the Class C Notes and the Class D Notes are referred to herein collectively as the extent set forth herein“Class A/B/C/D Notes”. The proceeds from the initial sale of the Series 2015-3 Class A/B/C Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collectionsissued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The Series 2015-3 Class D Notes are a non-Segregated Series and the Class RR Notes shall be issued in minimum denominations of Notes (as more fully described $5,000,000 and integral multiples of $1,000 in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notesexcess thereof.
Appears in 1 contract
Sources: Series Supplement (Hertz Corp)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2016-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152016-3 1 Notes were shall be issued in three up to four Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class R C Notes.” As and the fourth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2016-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 1 2.99% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 1 3.78% Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R C Notes, which was shall be designated as the “Series 20152016-3 Variable Funding 1 4.94% Rental Car Asset Backed Notes, Class R.C”. Subsequent to the Series 2016-1 Closing Date, ABRCF may on any date during the Series 2016-1 Revolving Period offer and sell additional Series 2016-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2016-1 Notes, if issued, shall be designated as the “Series 2016-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes, Class C Notes and the Class R Notes D Notes, if issued, collectively, constitute the Series 20152016-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.forth
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-7 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 7 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 7 5.90% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 7 6.44% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 7 7.41% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-7 9.321% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-7 7.98% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABRCF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-7 7.31% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 7 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 7 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 7 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2021-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152021-3 2 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2021-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152021-3 Variable Funding 2 1.66% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152021-3 Variable Funding 2 1.90% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2021-2 2.35% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated the “Series 2021-2 4.08% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152021-3 Variable Funding 2 7.032% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2021-2 Closing Date, ABRCF may on any date during the Series 2021-2 Revolving Period offer and sell additional Series 2021-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2021-2 Notes, if issued, shall be designated as the “Series 2021-2 Rental Car Asset Backed Notes, Class E” and shall be referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, Class E Notes, if issued, and the Class R Notes collectively, constitute the Series 20152021-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes, Class D Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152021-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2023-5 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152023-3 5 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5 5.78% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152023-3 Variable Funding 5 6.12% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152023-3 Variable Funding 5 6.85% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2023-5 8.768% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF issued (i) one tranche of Class D Notes designated as the “Series 2023-5 9.657% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. On the Class D Notes Sale Date, ABCRF shall re-market the Class D Notes and such Class D Notes will be designated as the “Series 2023-5 7.35% Rental Car Asset Backed Notes, Class D”. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152023-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be Class D Notes and the Additional Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections. The Series 20152023-3 5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.. AMERICAS 129551751 2
Appears in 1 contract
Sources: Second Amended and Restated Series 2023 5 Supplement (Avis Budget Group, Inc.)
Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2020-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152020-3 1 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152020-3 Variable Funding 1 2.33% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152020-3 Variable Funding 1 2.68% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152020-3 Variable Funding 1 3.02% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2020-1 4.753% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2020-1 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152020-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152020-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Sources: Amended and Restated Series 2020 1 Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as “Variable Funding the Series 2011-2 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152011-3 2 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is which, if issued, shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2011-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 2 2.37% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152011-3 Variable Funding 2 3.65% Rental Car Asset Backed Notes, Class B” B. Subsequent to the Series 2011-2 Closing Date, ABRCF may on any date during the Series 2011-2 Revolving Period offer and (iii) one tranche of Class R sell additional Series 2011-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2011-2 Notes, which was if issued, shall be designated as the “Series 20152011-3 Variable Funding 2 Fixed Rate Rental Car Asset Backed Notes, Class R.” C, and shall be referred to herein as the “Class C Notes”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, if issued, together, constitute the Series 20152011-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R Notes C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Class A Notes were and Class B Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152011-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2019-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152019-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2019-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 1 3.45% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 1 3.70% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2019-1 4.53% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152019-3 Variable Funding 1 6.192% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2019-1 Closing Date, ABRCF may on any date during the Series 2019-1 Revolving Period offer and sell additional Series 2019-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2019-1 Notes, if issued, shall be designated as the “Series 2019-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152019-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152019-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2024-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152024-3 2 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2024-2 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 2 5.13% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 2 5.57% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2024-2 6.01% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152024-3 Variable Funding 2 7.942% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2024-2 Closing Date, ABRCF may on any date during the Series 2024-2 Revolving Period offer and sell additional Series 2024-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2024-2 Notes, if issued, shall be designated as the “Series 2024-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152024-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152024-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
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Designation. A There was created a Series of Notes was created and issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement Prior Supplement, and such Series of Notes was designated generally as the “Variable Funding Series 2017-2 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152017-3 2 Notes were permitted to be issued in three up to five Classes, the first of which is known as the “Class A Notes”, the second of which is known as the “Class B Notes” and ”, the third of which is known as the “Class C Notes”, the fourth of which is known as the “Class R Notes.” As and the fifth of which shall be known as the date hereof“Class D Notes”. On the Class A/B/C Notes Closing Date, ABRCF has issued (i) one tranche of Class A Notes, which was Notes designated as the “Series 20152017-3 Variable Funding 2 2.97% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was Notes designated as the “Series 20152017-3 Variable Funding 2 3.33% Rental Car Asset Backed Notes, Class B” and ”, (iii) one tranche of Class R Notes, which was C Notes designated as the “Series 20152017-3 Variable Funding 2 4.17% Rental Car Asset Backed Notes, Class R.C” and (iv) one tranche of Class R Notes designated the “Series 2017-2 6.50% Rental Car Asset Backed Notes, Class R”. On the Class D Notes Closing Date, ABRCF shall issue (i) one tranche of Class D Notes designated as the “Series 2017-2 4.56% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, the Class B Notes, Class C Notes, Class D Notes and the Class R Notes collectively, constitute the Series 20152017-3 2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were paid deemed to ABRCF be Principal Collections, and used to make Loans under the Loan Agreements to proceeds from the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date sale of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 20152017-3 2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
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Sources: Amended and Restated Series Supplement (Avis Budget Group, Inc.)
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2022-5 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152022-3 5 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2022-5 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 5 6.12% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 5 7.09% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2022-5 9.27% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 5 11.162% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2022-5 Closing Date, ABRCF may on any date during the Series 2022-5 Revolving Period offer and sell additional Series 2022-5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2022-5 Notes, if issued, shall be designated as the “Series 2022-5 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152022-3 5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152022-3 5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2022-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152022-3 1 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2022-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 1 3.83% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 1 4.30% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2022-1 4.84% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated the “Series 2022-1 6.79% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152022-3 Variable Funding 1 7.767% Rental Car Asset Backed Notes, Class R.” The Class A R”. Subsequent to the Series 2022-1 Closing Date, ABRCF may on any date during the Series 2022-1 Revolving Period offer and sell additional Series 2022-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2022-1 Notes, the Class B Notes and the Class R Notes constitute the Series 2015-3 Notes. The Class B Notes if issued, shall be subordinated in right of payment to designated as the Class A “Series 2022-1 Rental Car Asset Backed Notes, to the extent set forth herein. The Class R Notes E” and shall be subordinated in right of payment referred to herein as the “Class A Notes and the Class B E Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 2015-3 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 2015-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes”.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2020-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152020-3 1 Notes were shall be issued in three up to five Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes.” As and the fifth of which, if issued, shall be known as the date hereof“Class D Notes”. On the Series 2020-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 1 2.33% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 1 2.68% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-1 3.02% Rental Car Asset Backed Notes, Class C” and (iiiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152020-3 Variable Funding 1 4.753% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2020-1 Closing Date, ABRCF may on any date during the Series 2020-1 Revolving Period offer and sell additional Series 2020-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-1 Notes, if issued, shall be designated as the “Series 2020-1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, if issued, and the Class R Notes collectively, constitute the Series 20152020-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152020-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2014-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152014-3 1 Notes were shall be issued in up to three Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and the third of which is shall be known as the “Class R C Notes.” As of ”. On the date hereofSeries 2014-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152014-3 Variable Funding 1 2.46% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152014-3 Variable Funding 1 2.96% Rental Car Asset Backed Notes, Class B” and (iii) one tranche of Class R C Notes, which was shall be designated as the “Series 20152014-3 Variable Funding 1 3.75% Rental Car Asset Backed Notes, Class R.” C”. The Class A Notes, the Class B Notes and the Class R Notes C Notes, together, constitute the Series 20152014-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the Series 20152014-3 1 Notes were shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152014-3 1 Notes are a non-Segregated non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract
Designation. A There is hereby created a Series of Notes was created and to be issued pursuant to the Base Indenture and the Original Series 2015-3 Supplement this Supplement, and such Series of Notes was shall be designated generally as the “Variable Funding Series 2025-1 Rental Car Asset Backed Notes, Series 2015-3.” ”. The Series 20152025-3 1 Notes were shall be issued in three up to six Classes, the first of which is shall be known as the “Class A Notes”, the second of which is shall be known as the “Class B Notes” and ”, the third of which is shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes.” As and the sixth of which, if issued, shall be known as the date hereof“Class E Notes”. On the Series 2025-1 Closing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 1 4.80% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 1 5.24% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2025-1 5.87% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated as the “Series 2025-1 7.48% Rental Car Asset Backed Notes, Class D” and (iiiv) one tranche of Class R Notes, which was shall be designated as the “Series 20152025-3 Variable Funding 1 9.424% Rental Car Asset Backed Notes, Class R.R”. Subsequent to the Series 2025-1 Closing Date, ABRCF may on any date during the Series 2025-1 Revolving Period offer and sell additional Series 2025-1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2025-1 Notes, if issued, shall be designated as the “Series 2025-1 Rental Car Asset Backed Notes, Class E” and shall be referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes Notes, Class C Notes, Class D Notes, Class E Notes, if issued, and the Class R Notes collectively, constitute the Series 20152025-3 1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class R C Notes shall be subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the initial sale of the Series 2015-3 Class A Notes, Class B Notes, Class C Notes, Class D Notes were and Class R Notes shall be deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2015-3 Supplement. Any such portion of proceeds not so used to make Loans shall be deemed to be Principal Collections. The Series 20152025-3 1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.
Appears in 1 contract