Common use of Excess Collection Account Clause in Contracts

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 2005-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 2005-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 2005-2 Noteholders.

Appears in 2 contracts

Samples: Series 2005 2 Supplement (Avis Budget Group, Inc.), Amended and Restated Series 2005 2 Supplement (Avis Budget Group, Inc.)

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Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052004-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052004-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052004-2 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 2005-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 2005-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 2005-2 1 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20051997-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20051997-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20051997-2 1 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20051998-2 1 Excess Collection Account for allocation and and-distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20051998-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20051998-2 1 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052004-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052004-2 Rapid 1 Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052004-2 1 Noteholders.

Appears in 1 contract

Samples: Second Amended and Restated Series 2004 1 Supplement (Cendant Corp)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052002-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052002-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052002-2 1 Noteholders.

Appears in 1 contract

Samples: Series 2002 1 Supplement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052009-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052009-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052009-2 1 Noteholders.

Appears in 1 contract

Samples: Series 2009 1 Supplement (Avis Budget Group, Inc.)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052009-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052009-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052009-2 Noteholders.

Appears in 1 contract

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

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Desig­nated Amounts will be re-allocated to the Series 20052006-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052006-2 1 Rapid Amortization Amor­tization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated allo­cated to the Series 20052006-2 1 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

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Excess Collection Account. If the Requisite Required Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052002-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documentsthis Series Supplement. In the event that the Series 20052002-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Group IV Principal Collections allocated to the Series 20052002-2 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Anc Rental Corp)

Excess Collection Account. If the Requisite Required Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20051999-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20051999-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20051999-2 1 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Autonation Inc /Fl)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 2005-2 4 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 2005-2 4 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 2005-2 4 Noteholders.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052002-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052002-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052002-2 Noteholders.

Appears in 1 contract

Samples: Series 2002 2 Supplement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052001-2 1 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052001-2 1 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052001-2 1 Noteholders.

Appears in 1 contract

Samples: Amended and Restated Series 2001 1 Supplement (Avis Group Holdings Inc)

Excess Collection Account. If the Requisite Noteholders or the Surety Provider do not timely consent to such waiver, the Designated Amounts will be re-allocated to the Series 20052022-2 Excess Collection Account for allocation and distribution in accordance with the terms of the Indenture and the Related Documents. In the event that the Series 20052022-2 Rapid Amortization Period shall commence after receipt by the Trustee of a Waiver Request, all such Designated Amounts will thereafter be considered Principal Collections allocated to the Series 20052022-2 Noteholders.

Appears in 1 contract

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

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