Common use of Designation Clause in Contracts

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

Samples: Fourth Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.), Third Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)

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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

Samples: 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 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

Samples: 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 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 Notesand (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

Samples: 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 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

Samples: 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 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

Samples: Series 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

Samples: 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 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

Samples: 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 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

Samples: 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 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.Cand (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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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

Samples: Series 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

Samples: Amended and Restated Series 2013 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 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 Dand 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

Samples: Series Supplement (Avis Budget Group, Inc.)

Designation. A (a) Pursuant to the Indenture and the Original 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” and ”. The Series 2009-VFN Notes shall be Variable Interests. Notwithstanding anything to the third contrary in Section 2.5 of which is known the Indenture, the Administrator shall not be required to deliver a certification as to the requirements of Section 8-401 with respect to any transfer of the Series 2009-VFN Notes contemplated by the Class A Note Purchase Agreement, the Class M Note Purchase Agreement or the YCF Assignment (as defined in the Class A Note Purchase Agreement) on the Amendment Date (the “Amendment Date Assignments”) and such documents shall be the only instruments of transfer required in connection with the Amendment Date Assignments. (b) The Class R Notes.” As 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 A Note Purchase Agreement. (c) The Class M Notes constitute may from time to time be divided into separate ownership tranches (each a “Class M Ownership Tranche”) which shall be identical in all respects, except for their respective Class M Maximum Principal Balances, Class M Principal Balances and certain matters relating to the Series 2015-3 Notesrate and payment of interest. The initial allocation of Class B M Notes among Class M Ownership Tranches shall be subordinated made, and reallocations among such Class M Ownership Tranches or new Class M Ownership Tranches may be made, as provided in right Section 4.1 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 this Indenture Supplement and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale of the M Note Purchase Agreement. (d) 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 included in Group One and shall be a Principal Sharing Series. Series 2009-VFN shall be 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

Samples: Series 2009 VFN Indenture Supplement (Alliance Data Systems 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 “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

Samples: Amended and Restated Series 2011 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 2012-3 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

Samples: Series 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 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

Samples: Amended and Restated Series 2012 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 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

Samples: 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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

Samples: 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 “Variable Funding the Series 2010-5 Rental Car Asset Backed Notes, Series 2015-3.” . The Series 20152010-3 5 Notes were shall be issued in 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 hereofClosing Date, ABRCF has issued shall issue (i) one tranche of Class A Notes, which was shall be designated as the Series 20152010-3 Variable Funding 5 3.15% Rental Car Asset Backed Notes, Class A, (ii) one tranche of Class B Notes, which was shall be designated as the Series 20152010-3 Variable Funding 5 5.11% Rental Car Asset Backed Notes, Class B” B and (iii) one tranche of Class R C Notes, which was shall be designated as the Series 20152010-3 Variable Funding 5 5.94% 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 20152010-3 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 20152010-3 5 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 20152010-3 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

Samples: Series 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 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

Samples: 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 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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: Series 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.Cand (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

Samples: Amended and Restated Series 2019 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 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 Dand 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

Samples: Series 2019 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 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 Eand 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

Samples: 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 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

Samples: 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 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

Samples: Series 2022 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 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 Dand 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

Samples: Series 2019 1 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 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

Samples: Indenture Supplement (Alliance Data Systems 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 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 Dand 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

Samples: Series Supplement (Avis Budget Group, Inc.)

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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

Samples: Series Supplement (Avis Budget Group, Inc.)

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

Samples: Series Supplement (Anc Rental 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 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.Cand (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

Samples: 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

Samples: 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 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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 “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

Samples: 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 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 Dand 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

Samples: Series 2017 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 2018-1 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.Cand (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

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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

Samples: Series Supplement (Republic Industries 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

Samples: Series 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.Cand (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

Samples: Amended and Restated Series 2018 2 Supplement (Avis Budget 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 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

Samples: 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 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 Dand 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

Samples: 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 “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

Samples: Series Supplement (Avis Budget Group, Inc.)

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 Supplement and such Series of Notes was designated generally Agreement to be known as “Variable Funding Rental Car Asset Backed NotesCSGQ Trust, Series 20152002-31 Notes” or the “Series 2002-1 Notes.” The Series 20152002-3 1 Notes were shall be issued in three Classes, the first of which is known as the “following classes: 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 “A-1FL Series 20152002-3 Variable Funding Rental Car 1 Floating Rate Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which was designated as the “A-1FX Series 20152002-3 Variable Funding Rental Car 1 Fixed Rate Asset Backed Notes, Class B” and (iii) one tranche of Class R Notes, which was designated as the “A-2FL Series 20152002-3 Variable Funding Rental Car 1 Floating Rate Asset Backed Notes, Class R.” The Class A A-2FX Series 2002-1 Fixed Rate Asset Backed Notes, the Class A-3FL Series 2002-1 Floating Rate Asset Backed Notes, Class A-3FXSeries 2002-1 Fixed Rate Asset Backed Notes, Class A-4FL Series 2002-1 Floating Rate Asset Backed Notes, Class A-4FX Series 2002-1 Fixed Rate Asset Backed Notes and Class B Notes and the Class R Notes constitute the Series 20152002-3 1 Floating Rate Asset Backed Notes. The Class B Series 2002-1 Notes shall be subordinated in right of payment due and payable on the Final Maturity Date. The O/C Certificate will also be issued pursuant to the Class A Notes, Agreement as part of Series 2002-1 and will be entitled to receive the amounts specified hereunder. The Issuer’s Grant to the extent set forth herein. The Class R Notes shall be subordinated in right Indenture Trustee for the benefit of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The proceeds from the initial sale holders of the Series 20152002-3 1 Notes were deposited of its rights, title and interest in, to and under the Collateral set forth in the Collection Account Indenture shall also be made for the benefit of the O/C Holder and were paid shall secure the O/C Holder’s rights to ABRCF receive payments as specified herein and used the Issuer hereby confirms that such Xxxxx is also made for the benefit of the O/C Holder and hereby grants to make Loans the Indenture Trustee a security interest in the Collateral for the benefit of the Noteholders and the O/C Holder. (b) Series 2002-1 shall be a Principal Sharing Series. Series 2002-1 shall not be subordinated to any other Series. (c) The O/C Invested Amount shall be deemed a Series Enhancement 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 SupplementAgreement. Any such portion of proceeds not so used to make Loans The O/C Holder shall be deemed to be Principal Collections. The a Series 2015Enhancer for purposes of the notice and applicable consent provisions under the Agreement. (d) Standard & Poor’s and Xxxxx’x shall be the Rating Agencies for the Series 2002-3 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 1 Notes.

Appears in 1 contract

Samples: Indenture Supplement (Compucredit 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 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 Dand 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.

Appears in 1 contract

Samples: Series 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 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.Cand (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.

Appears in 1 contract

Samples: 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 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 Dand 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

Samples: 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 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 Dand 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

Samples: 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 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

Samples: 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 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

Samples: Series Supplement (Avis Budget Group, Inc.)

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