Common use of Issuance of Class D Notes and Additional Class R Notes Clause in Contracts

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 2020-2 Closing Date. On any date during the Series 2020-2 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202018-2 1 Closing Date. On any date during the Series 20202018-2 1 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202024-2 3 Closing Date. On any date during the Series 20202024-2 3 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202024-2 1 Closing Date. On any date during the Series 20202024-2 1 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202024-2 Closing Date. On any date during the Series 20202024-2 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202019-2 Closing Date. On any date during the Series 20202019-2 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in 57 connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 8 Closing Date. On any date during the Series 20202023-2 8 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 3 Closing Date. On any date during the Series 20202023-2 3 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202022-2 5 Closing Date. On any date during the Series 202057 2022-2 5 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 1 Closing Date. On any date during the Series 20202023-2 1 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202019-2 3 Closing Date. On any date during the Series 20202019-2 3 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 7 Closing Date. On any date during the Series 20202023-2 7 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 4 Closing Date. On any date during the Series 20202023-2 4 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 2020-2 1 Closing Date. On any date during the Series 2020-2 1 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 Closing Date. On any date during the Series 20202023-2 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202019-2 1 Closing Date. On any date during the Series 20202019-2 1 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 6 Closing Date. On any date during the Series 20202023-2 6 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202023-2 5 Closing Date. On any date during the Series 20202023-2 5 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Issuance of Class D Notes and Additional Class R Notes. No Class D Notes shall be issued on the Series 20202018-2 Closing Date. On any date during the Series 20202018-2 Revolving Period, ABRCF may (i) issue Class D Notes and (ii) issue additional Class R Notes in connection with the issuance of Class D Notes, to the extent that ABRCF determines such issuance is required to comply with the U.S. Risk Retention Rules (such notes, the “Additional Class R Notes”), subject to satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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