Common use of Monthly Payments During Controlled Amortization Period or Rapid Amortization Period Clause in Contracts

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Series 2005-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 2005-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2005-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 2005-2 Demand Notes and/or on the Series 2005-2 Letters of Credit (or withdrawn from the Series 2005-2 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2005-2 Reserve Account and deposited into the Series 2005-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2005-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2005-2 Collection Account and deposit such amount in the Series 2005-2 Distribution Account, to be paid to the holders of the Series 2005-2 Notes.

Appears in 2 contracts

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

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Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Series 2005-2 Class A-1 Controlled Amortization Period or the Class A-2 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 20052003-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20052003-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20052003-2 5 Demand Notes and/or on the Series 20052003-2 5 Letters of Credit (or withdrawn from the Series 20052003-2 5 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20052003-2 5 Reserve Account and deposited into the Series 20052003-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052003-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052003-2 5 Collection Account and deposit such amount in the Series 20052003-2 5 Distribution Account, to be paid to the holders of the Series 20052003-2 5 Notes.

Appears in 2 contracts

Samples: Series Supplement (Avis Group Holdings Inc), Series Supplement (Cendant Corp)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 Collection Account and deposit such amount in the Series 20052023-2 Distribution Account, to be paid to the holders of the Series 20052023-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052019-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052019-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052019-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052019-2 3 Demand Notes and/or on the Series 20052019-2 3 Letters of Credit (or withdrawn from the Series 20052019-2 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052019-2 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052019-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052019-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052019-2 3 Collection Account and deposit such amount in the Series 20052019-2 3 Distribution Account, to be paid to the holders of the Series 20052019-2 3 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052019-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052019-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052019-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052019-2 Demand Notes and/or on the Series 20052019-2 Letters of Credit (or withdrawn from the Series 20052019-2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052019-2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052019-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052019-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052019-2 Collection Account and deposit such amount in the Series 20052019-2 Distribution Account, to be paid to the holders of the Series 20052019-2 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052015-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052015-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052015-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052015-2 Demand Notes and/or on the Series 20052015-2 Letters of Credit (or withdrawn from the Series 20052015-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052015-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052015-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052015-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052015-2 Collection Account and deposit such amount in the Series 20052015-2 Distribution Account, to be paid to the holders of the Series 20052015-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052006-2 1 Controlled Amortization Period or the first Determination Determina­tion Date after the commencement commence­ment of the Series 20052006-2 1 Rapid Amortization Period, the Administrator shall instruct in­struct the Trustee and the Paying Agent in writing pursuant pursu­ant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20052006-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20052006-2 1 Demand Notes and/or on the Series 20052006-2 1 Letters of Credit (or withdrawn from the Series 20052006-2 1 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20052006-2 1 Reserve Account and deposited into the Series 20052006-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Dis­tribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052006-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052006-2 1 Collection Account and deposit such amount in the Series 20052006-2 Distribution 1 Distri­bution Account, to be paid to the holders of the Series 20052006-2 1 Notes.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052018-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052018-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052018-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052018-2 1 Demand Notes and/or on the Series 20052018-2 1 Letters of Credit (or withdrawn from the Series 20052018-2 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052018-2 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052018-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052018-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052018-2 1 Collection Account and deposit such amount in the Series 20052018-2 1 Distribution Account, to be paid to the holders of the Series 20052018-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052019-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052019-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052019-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052019-2 Demand Notes and/or on the Series 20052019-2 Letters of Credit (or withdrawn from the Series 20052019-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052019-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052019-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052019-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052019-2 Collection Account and deposit such amount in the Series 20052019-2 Distribution Account, to be paid to the holders of the Series 20052019-2 Notes.

Appears in 1 contract

Samples: Series 2019 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 3 Demand Notes and/or on the Series 20052011-2 3 Letters of Credit (or withdrawn from the Series 20052011-2 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052011-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 3 Collection Account and deposit such amount in the Series 20052011-2 3 Distribution Account, to be paid to the holders of the Series 20052011-2 3 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052017-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052017-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052017-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052017-2 1 Demand Notes and/or on the Series 20052017-2 1 Letters of Credit (or withdrawn from the Series 20052017-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052017-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052017-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052017-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052017-2 1 Collection Account and deposit such amount in the Series 20052017-2 1 Distribution Account, to be paid to the holders of the Series 20052017-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052010-2 5 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052010-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052010-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052010-2 5 Demand Notes and/or on the Series 20052010-2 5 Letters of Credit (or withdrawn from the Series 20052010-2 5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052010-2 5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052010-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052010-2 5 Collection Account and deposit such amount in the Series 20052010-2 5 Distribution Account, to be paid to the holders of the Series 20052010-2 5 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052018-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052018-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052018-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052018-2 Demand Notes and/or on the Series 20052018-2 Letters of Credit (or withdrawn from the Series 20052018-2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052018-2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052018-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052018-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052018-2 Collection Account and deposit such amount in the Series 20052018-2 Distribution Account, to be paid to the holders of the Series 20052018-2 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052021-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052021-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052021-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052021-2 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052021-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052021-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052021-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052021-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052021-2 Collection Account and deposit such amount in the Series 20052021-2 Distribution Account, to be paid to the holders of the Series 20052021-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 5 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 5 Demand Notes and/or on the Series 20052011-2 5 Letters of Credit (or withdrawn from the Series 20052011-2 5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052011-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 5 Collection Account and deposit such amount in the Series 20052011-2 5 Distribution Account, to be paid to the holders of the Series 20052011-2 5 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 3 Demand Notes and/or on the Series 20052011-2 3 Letters of Credit (or withdrawn from the Series 20052011-2 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052011-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 3 Collection Account and deposit such amount in the Series 20052011-2 3 Distribution Account, to be paid to the holders of the Series 20052011-2 3 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 4 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 4 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 4 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 4 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 4 Collection Account and deposit such amount in the Series 20052023-2 4 Distribution Account, to be paid to the holders of the Series 20052023-2 4 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052024-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052024-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052024-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052024-2 3 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052024-2 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052024-2 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052024-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052024-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052024-2 3 Collection Account and deposit such amount in the Series 20052024-2 3 Distribution Account, to be paid to the holders of the Series 20052024-2 3 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052010-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052010-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052010-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052010-2 Demand Notes and/or on the Series 20052010-2 Letters of Credit (or withdrawn from the Series 20052010-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052010-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052010-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052010-2 Collection Account and deposit such amount in the Series 20052010-2 Distribution Account, to be paid to the holders of the Series 20052010-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052014-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052014-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052014-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052014-2 1 Demand Notes and/or on the Series 20052014-2 1 Letters of Credit (or withdrawn from the Series 20052014-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052014-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052014-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052014-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052014-2 1 Collection Account and deposit such amount in the Series 20052014-2 1 Distribution Account, to be paid to the holders of the Series 20052014-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 6 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 6 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 6 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 6 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 6 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 6 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 6 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 6 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 6 Collection Account and deposit such amount in the Series 20052023-2 6 Distribution Account, to be paid to the holders of the Series 20052023-2 6 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052012-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052012-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052012-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052012-2 3 Demand Notes and/or on the Series 20052012-2 3 Letters of Credit (or withdrawn from the Series 20052012-2 3 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052012-2 3 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052012-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052012-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052012-2 3 Collection Account and deposit such amount in the Series 20052012-2 3 Distribution Account, to be paid to the holders of the Series 20052012-2 3 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052013-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052013-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052013-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052013-2 Demand Notes and/or on the Series 20052013-2 Letters of Credit (or withdrawn from the Series 20052013-2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052013-2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052013-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052013-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052013-2 Collection Account and deposit such amount in the Series 20052013-2 Distribution Account, to be paid to the holders of the Series 20052013-2 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052012-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052012-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052012-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052012-2 1 Demand Notes and/or on the Series 20052012-2 1 Letters of Credit (or withdrawn from the Series 20052012-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052012-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052012-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052012-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052012-2 1 Collection Account and deposit such amount in the Series 20052012-2 1 Distribution Account, to be paid to the holders of the Series 20052012-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052014-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052014-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052014-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052014-2 Demand Notes and/or on the Series 20052014-2 Letters of Credit (or withdrawn from the Series 20052014-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052014-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052014-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052014-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052014-2 Collection Account and deposit such amount in the Series 20052014-2 Distribution Account, to be paid to the holders of the Series 20052014-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 1 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 1 Collection Account and deposit such amount in the Series 20052023-2 1 Distribution Account, to be paid to the holders of the Series 20052023-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052010-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052010-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052010-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052010-2 3 Demand Notes and/or on the Series 20052010-2 3 Letters of Credit (or withdrawn from the Series 20052010-2 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052010-2 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052010-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052010-2 3 Collection Account and deposit such amount in the Series 20052010-2 3 Distribution Account, to be paid to the holders of the Series 20052010-2 3 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052013-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052013-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052013-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052013-2 Demand Notes and/or on the Series 20052013-2 Letters of Credit (or withdrawn from the Series 20052013-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052013-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052013-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052013-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052013-2 Collection Account and deposit such amount in the Series 20052013-2 Distribution Account, to be paid to the holders of the Series 20052013-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 Demand Notes and/or on the Series 20052011-2 Letters of Credit (or withdrawn from the Series 20052011-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052011-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 Collection Account and deposit such amount in the Series 20052011-2 Distribution Account, to be paid to the holders of the Series 20052011-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Series 2005-2 Five Year Notes Controlled Amortization Period or the Class A-3 Controlled Amortization Period, as the case may be, or the first Determination Date after the commencement of the Series 2005-2 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2005-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 2005-2 4 Demand Notes and/or on the Series 2005-2 4 Letters of Credit (or withdrawn from the Series 2005-2 4 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 2005-2 4 Reserve Account and deposited into the Series 2005-2 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2005-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2005-2 4 Collection Account and deposit such amount in the Series 2005-2 4 Distribution Account, to be paid to the holders of the Series 2005-2 4 Notes.

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052020-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052020-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052020-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052020-2 1 Demand Notes and/or on the Series 20052020-2 1 Letters of Credit (or withdrawn from the Series 20052020-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052020-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052020-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052020-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052020-2 1 Collection Account and deposit such amount in the Series 20052020-2 1 Distribution Account, to be paid to the holders of the Series 20052020-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052024-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052024-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052024-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052024-2 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052024-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052024-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052024-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052024-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052024-2 Collection Account and deposit such amount in the Series 20052024-2 Distribution Account, to be paid to the holders of the Series 20052024-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052009-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052009-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20052009-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20052009-2 Demand Notes and/or on the Series 20052009-2 Letters of Credit (or withdrawn from the Series 20052009-2 Cash Collateral Account), ) and (iii) any amounts to be withdrawn from the Series 20052009-2 Reserve Account and deposited into the Series 20052009-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052009-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052009-2 Collection Account and deposit such amount in the Series 20052009-2 Distribution Account, to be paid to the holders of the Series 20052009-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052012-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052012-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052012-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052012-2 3 Demand Notes and/or on the Series 20052012-2 3 Letters of Credit (or withdrawn from the Series 20052012-2 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052012-2 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052012-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052012-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052012-2 3 Collection Account and deposit such amount in the Series 20052012-2 3 Distribution Account, to be paid to the holders of the Series 20052012-2 3 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052022-2 5 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052022-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052022-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052022-2 5 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052022-2 5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052022-2 5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052022-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052022-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052022-2 5 Collection Account and deposit such amount in the Series 20052022-2 5 Distribution Account, to be paid to the holders of the Series 20052022-2 5 Notes.

Appears in 1 contract

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

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Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052017-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052017-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052017-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052017-2 Demand Notes and/or on the Series 20052017-2 Letters of Credit (or withdrawn from the Series 20052017-2 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052017-2 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052017-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052017-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052017-2 Collection Account and deposit such amount in the Series 20052017-2 Distribution Account, to be paid to the holders of the Series 20052017-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052013-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052013-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052013-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052013-2 1 Demand Notes and/or on the Series 20052013-2 1 Letters of Credit (or withdrawn from the Series 20052013-2 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052013-2 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052013-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052013-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052013-2 1 Collection Account and deposit such amount in the Series 20052013-2 1 Distribution Account, to be paid to the holders of the Series 20052013-2 1 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 5 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 5 Demand Notes and/or on the Series 20052011-2 5 Letters of Credit (or withdrawn from the Series 20052011-2 5 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 5 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052011-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 5 Collection Account and deposit such amount in the Series 20052011-2 5 Distribution Account, to be paid to the holders of the Series 20052011-2 5 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052018-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052018-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052018-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052018-2 Demand Notes and/or on the Series 20052018-2 Letters of Credit (or withdrawn from the Series 20052018-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052018-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052018-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052018-2 AMERICAS 96004183 36 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052018-2 Collection Account and deposit such amount in the Series 20052018-2 Distribution Account, to be paid to the holders of the Series 20052018-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052013-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052013-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052013-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052013-2 1 Demand Notes and/or on the Series 20052013-2 1 Letters of Credit (or withdrawn from the Series 20052013-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052013-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052013-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052013-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052013-2 1 Collection Account and deposit such amount in the Series 20052013-2 1 Distribution Account, to be paid to the holders of the Series 20052013-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052018-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052018-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052018-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052018-2 1 Demand Notes and/or on the Series 20052018-2 1 Letters of Credit (or withdrawn from the Series 20052018-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052018-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052018-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052018-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052018-2 1 Collection Account and deposit such amount in the Series 20052018-2 1 Distribution Account, to be paid to the holders of the Series 20052018-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052022-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052022-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052022-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052022-2 1 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052022-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052022-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052022-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052022-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052022-2 1 Collection Account and deposit such amount in the Series 20052022-2 1 Distribution Account, to be paid to the holders of the Series 20052022-2 1 Notes.

Appears in 1 contract

Samples: Series 2022 1 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052021-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052021-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052021-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052021-2 1 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052021-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052021-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052021-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052021-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052021-2 1 Collection Account and deposit such amount in the Series 20052021-2 1 Distribution Account, to be paid to the holders of the Series 20052021-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052015-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052015-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052015-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052015-2 1 Demand Notes and/or on the Series 20052015-2 1 Letters of Credit (or withdrawn from the Series 20052015-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052015-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052015-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052015-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052015-2 1 Collection Account and deposit such amount in the Series 20052015-2 1 Distribution Account, to be paid to the holders of the Series 20052015-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052010-2 4 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052010-2 4 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052010-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052010-2 4 Demand Notes and/or on the Series 20052010-2 4 Letters of Credit (or withdrawn from the Series 20052010-2 4 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052010-2 4 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052010-2 4 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-2 4 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052010-2 4 Collection Account and deposit such amount in the Series 20052010-2 4 Distribution Account, to be paid to the holders of the Series 20052010-2 4 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052019-2 3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052019-2 3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052019-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052019-2 3 Demand Notes and/or on the Series 20052019-2 3 Letters of Credit (or withdrawn from the Series 20052019-2 3 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052019-2 3 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052019-2 3 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052019-2 3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052019-2 3 Collection Account and deposit such amount in the Series 20052019-2 3 Distribution Account, to be paid to the holders of the Series 20052019-2 3 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052019-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052019-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052019-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052019-2 1 Demand Notes and/or on the Series 20052019-2 1 Letters of Credit (or withdrawn from the Series 20052019-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052019-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052019-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052019-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052019-2 1 Collection Account and deposit such amount in the Series 20052019-2 1 Distribution Account, to be paid to the holders of the Series 20052019-2 1 Notes.

Appears in 1 contract

Samples: Series 2019 1 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052020-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052020-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052020-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052020-2 1 Demand Notes and/or on the Series 20052020-2 1 Letters of Credit (or withdrawn from the Series 20052020-2 1 Cash Collateral Account), Accounts) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052020-2 1 Reserve Account Accounts pursuant to this Section 2.5 and deposited into the Series 20052020-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052020-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052020-2 1 Collection Account and deposit such amount in the Series 20052020-2 1 Distribution Account, to be paid to the holders of the Series 20052020-2 1 Notes.

Appears in 1 contract

Samples: Amended and Restated Series 2020 1 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052017-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052017-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052017-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052017-2 Demand Notes and/or on the Series 20052017-2 Letters of Credit (or withdrawn from the Series 20052017-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052017-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052017-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052017-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052017-2 Collection Account and deposit such amount in the Series 20052017-2 Distribution Account, to be paid to the holders of the Series 20052017-2 Notes.

Appears in 1 contract

Samples: Series 2017 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052011-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052011-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052011-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052011-2 1 Demand Notes and/or on the Series 20052011-2 1 Letters of Credit (or withdrawn from the Series 20052011-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052011-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052011-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052011-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052011-2 1 Collection Account and deposit such amount in the Series 20052011-2 1 Distribution Account, to be paid to the holders of the Series 20052011-2 1 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 5 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 5 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 5 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 5 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 5 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 5 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 5 Collection Account and deposit such amount in the Series 20052023-2 5 Distribution Account, to be paid to the holders of the Series 20052023-2 5 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052007-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052007-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 20052007-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii) any amounts to be drawn on the Series 20052007-2 Demand Notes and/or on the Series 20052007-2 Letters of Credit (or withdrawn from the Series 20052007-2 Cash Collateral Account), (iii) any amounts to be withdrawn from the Series 20052007-2 Reserve Account and deposited into the Series 20052007-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052007-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052007-2 Collection Account and deposit such amount in the Series 20052007-2 Distribution Account, to be paid to the holders of the Series 20052007-2 Notes.

Appears in 1 contract

Samples: Series 2007 2 Supplement (Avis Budget Group, Inc.)

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 7 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 7 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 7 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 7 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 7 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 7 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 7 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 7 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 7 Collection Account and deposit such amount in the Series 20052023-2 7 Distribution Account, to be paid to the holders of the Series 20052023-2 7 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052012-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052012-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052012-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052012-2 Demand Notes and/or on the Series 20052012-2 Letters of Credit (or withdrawn from the Series 20052012-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052012-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052012-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052012-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052012-2 Collection Account and deposit such amount in the Series 20052012-2 Distribution Account, to be paid to the holders of the Series 20052012-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052023-2 8 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052023-2 8 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052023-2 8 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052023-2 8 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052023-2 8 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052023-2 8 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052023-2 8 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052023-2 8 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052023-2 8 Collection Account and deposit such amount in the Series 20052023-2 8 Distribution Account, to be paid to the holders of the Series 20052023-2 8 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052020-2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052020-2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052020-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052020-2 Demand Notes and/or on the Series 20052020-2 Letters of Credit (or withdrawn from the Series 20052020-2 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052020-2 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052020-2 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052020-2 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052020-2 Collection Account and deposit such amount in the Series 20052020-2 Distribution Account, to be paid to the holders of the Series 20052020-2 Notes.

Appears in 1 contract

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

Monthly Payments During Controlled Amortization Period or Rapid Amortization Period. Commencing On each Determination Date, commencing on the second Determination Date during the Series 20052024-2 1 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20052024-2 1 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i1) the amount allocated to the Series 20052024-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, (ii2) any amounts to be drawn on the Series 20052024-2 1 Demand Notes and/or on the Multi-Series 2005-2 Letters of Credit (or withdrawn from the Series 20052024-2 1 Cash Collateral Account), ) pursuant to this Section 2.5 and (iii3) any amounts to be withdrawn from the Series 20052024-2 1 Reserve Account pursuant to this Section 2.5 and deposited into the Series 20052024-2 1 Distribution Account and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereofAccount. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052024-2 1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 20052024-2 1 Collection Account and deposit such amount in the Series 20052024-2 1 Distribution Account, to be paid to the holders of the Series 20052024-2 1 Notes.

Appears in 1 contract

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

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