Common use of Mandatory Decreases Clause in Contracts

Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 1998-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 1998-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 1998-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.

Appears in 2 contracts

Samples: Dollar Thrifty Automotive Group Inc, Dollar Thrifty Automotive Group Inc

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Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 19982000-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 19982000-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 19982000-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 1998-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 1998-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 1998-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 19982000-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 19982000-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 19982000-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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