Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) The Series 2019-3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 2019-3 74 Repurchase Amount”). The repurchase price for any Series 2019-3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Optional Repurchase. (a) The Series 20192024-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192024-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192024-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192024-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192024-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192017-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), and the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192017-3 74 1 Repurchase Amount”). The repurchase price for any Series 20192017-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192022-3 5 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192022-3 5 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192022-3 5 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192022-3 5 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192021-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192021-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192021-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192021-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192017-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192017-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192017-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192018-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192024-3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192024-3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192024-3 74 Repurchase Amount”). The repurchase price for any Series 20192024-3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192024-3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 8 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 8 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 8 Repurchase Amount”). The repurchase price for any Series 20192023-3 8 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 8 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192018-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 2019-3 74 2 Repurchase Amount”). The repurchase price for any Series 2019-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 5 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 5 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 5 Repurchase Amount”). The repurchase price for any Series 20192023-3 5 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 5 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 7 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 7 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 7 Repurchase Amount”). The repurchase price for any Series 20192023-3 7 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 7 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192022-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192022-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192022-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192022-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192024-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192024-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192024-3 74 1 Repurchase Amount”). The repurchase price for any Series 20192024-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192024-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192017-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192017-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), and the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192017-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192017-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192017-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192015-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192015-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192015-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192015-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192015-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192016-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192016-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192016-3 74 1 Repurchase Amount”). The repurchase price for any Series 20192016-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192016-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 2019-3 74 Repurchase Amount”). The repurchase price for any Series 2019-3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Optional Repurchase. (a) The Series 20192023-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 1 Repurchase Amount”). The repurchase price for any Series 20192023-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192018-3 74 1 Repurchase Amount”). The repurchase price for any Series 20192018-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 2019-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192016-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192016-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested AmountAmount and, if issued, the initial invested amount of the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192016-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192016-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192016-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 4 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 4 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 4 Repurchase Amount”). The repurchase price for any Series 20192023-3 4 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 4 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 2019-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 2019-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 2019-3 74 1 Repurchase Amount”). The repurchase price for any Series 2019-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 2019-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192020-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192020-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192020-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192020-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 6 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 6 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 6 Repurchase Amount”). The repurchase price for any Series 20192023-3 6 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 6 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192021-3 1 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192021-3 1 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the Class D Notes Initial Invested Amount, the initial invested amount of the Class E Notes (if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20190000-3 74 Repurchase 0 Xxxxxxxxxx Amount”). The repurchase price for any Series 20192021-3 1 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192021-3 1 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 Repurchase Amount”). The repurchase price for any Series 20192023-3 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192018-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192018-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192018-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192018-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192018-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Optional Repurchase. (a) The Series 20192023-3 2 Notes shall be subject to repurchase by ABRCF at its option in accordance with Section 6.3 of the Base Indenture on any Distribution Date (any such Distribution Date, a “Clean-up Repurchase Distribution Date”) after the Series 20192023-3 2 Invested Amount is reduced to an amount less than or equal to 10% of the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount, the Class C Initial Invested Amount, the initial invested amount of the Class D Notes Initial Invested Amount(if issued), the Class R Initial Invested Amount and the aggregate principal amount of any Additional Class R Notes (the “Series 20192023-3 74 2 Repurchase Amount”). The repurchase price for any Series 20192023-3 2 Note subject to a Clean-up Repurchase shall equal the aggregate outstanding principal balance of such Series 20192023-3 2 Note (determined after giving effect to any payments of principal and interest on such Distribution Date), plus accrued and unpaid interest on such outstanding principal balance.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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