Common use of Increase of Class A Maximum Principal Amount Clause in Contracts

Increase of Class A Maximum Principal Amount. In connection with any reduction of the Class A Series 2013-A Maximum Principal Amount effected pursuant to Section 2.5(a)(ii) of the Series 2013-A Supplement, HVF II, upon three (3) Business Days’ notice to the Administrative Agent, each Class A Funding Agent, each Class A Conduit Investor and each Class A Committed Note Purchaser, may effect an increase of the Class A Maximum Principal Amount and a corresponding increase of each Class A Maximum Investor Group Principal Amount; provided that, with respect to any increase effected pursuant to this Section 2.1(i)(i), such increase shall be limited to the amount of such reduction to the Class A Series 2013-A Maximum Principal Amount. Any increase made pursuant to this Section 2.1(i)(i) shall be made ratably among the Class A Investor Groups’ on the basis of their respective Class A Maximum Investor Group Principal Amounts, and no later than one Business Day following any such increase of the Class A Maximum Principal Amount, the Administrative Agent shall revise Schedule II to reflect each related increase of each Class A Investor Group Maximum Principal Amount, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B Noteholder.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hertz Corp), Master Collateral Agency Agreement (Hertz Corp)

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Increase of Class A Maximum Principal Amount. In connection with any reduction of the Class A Series 2013-A Maximum Principal Amount effected pursuant to Section 2.5(a)(ii) of the Series 2013-A Supplement, HVF II, upon three (3) Business Days’ notice to the Administrative Agent, each Class A Funding Agent, each Class A Conduit Investor and each Class A Committed Note Purchaser, may effect an increase of the Class A Maximum Principal Amount and a corresponding increase of each Class A Maximum Investor Group Principal Amount; provided that, (i) with respect to any increase effected pursuant to this Section 2.1(i)(i), such increase shall be limited to the amount of such reduction to the Class A Series 2013-A Maximum Principal AmountAmount and (ii) such increase must occur contemporaneously with a pro rata increase of the Class B Maximum Principal Amount pursuant to Section 2.1(i)(ii) and the Class C Maximum Principal Amount pursuant to Section 2.1(i)(iii). Any increase made pursuant to this Section 2.1(i)(i) shall be made ratably among the Class A Investor Groups’ on the basis of their respective Class A Maximum Investor Group Principal Amounts, and no later than one Business Day following any such increase of the Class A Maximum Principal Amount, the Administrative Agent shall revise Schedule II to reflect each related increase of each Class A Investor Group Maximum Principal Amount, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B Noteholder.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

Increase of Class A Maximum Principal Amount. In connection with any reduction of the Class A Series 2013-A B Maximum Principal Amount effected pursuant to Section 2.5(a)(ii) of the Series 2013-A B Supplement, HVF II, upon three (3) Business Days’ notice to the Administrative Agent, each Class A Funding Agent, each Class A Conduit Investor and each Class A Committed Note Purchaser, may effect an increase of the Class A Maximum Principal Amount and a corresponding increase of each Class A Maximum Investor Group Principal Amount; provided that, with respect to any increase effected pursuant to this Section 2.1(i)(i), such increase shall be limited to the amount of such reduction to the Class A Series 2013-A B Maximum Principal Amount. Any increase made pursuant to this Section 2.1(i)(i) shall be made ratably among the Class A Investor Groups’ on the basis of their respective Class A Maximum Investor Group Principal Amounts, and no later than one Business Day following any such increase of the Class A Maximum Principal Amount, the Administrative Agent shall revise Schedule II to reflect each related increase of each Class A Investor Group Maximum 16 WEIL:\96021878\3\52399.0016 Principal Amount, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B A Noteholder.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

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Increase of Class A Maximum Principal Amount. In connection with any reduction of the Class A Series 2013-A B Maximum Principal Amount effected pursuant to Section 2.5(a)(ii) of the Series 2013-A B Supplement, HVF II, upon three (3) Business Days’ notice to the Administrative Agent, each Class A Funding Agent, each Class A Conduit Investor and each Class A Committed Note Purchaser, may effect an increase of the Class A Maximum Principal Amount and a corresponding increase of each Class A Maximum Investor Group Principal Amount; provided that, with respect to any increase effected pursuant to this Section 2.1(i)(i), such increase shall be limited to the amount of such reduction to the Class A Series 2013-A B Maximum Principal Amount. Any increase made pursuant to this Section 2.1(i)(i) shall be made ratably among the Class A Investor Groups’ on the basis of their respective Class A Maximum Investor Group Principal Amounts, and no later than one Business Day following any such increase of the Class A Maximum Principal Amount, the Administrative Agent shall revise Schedule II to reflect each related increase of each Class A Investor Group Maximum Principal Amount, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B A Noteholder.

Appears in 1 contract

Samples: Vehicle Title Nominee Agreement (Hertz Corp)

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