Pairing Conditions. (i) So long as the Series 2013-A Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A Supplement), no increase of the Series 2013-B Maximum Principal Amount pursuant to Section 2.1(b) shall be effective unless (A) the Additional Investor Group to become party to this Series 2013-B Supplement in connection therewith shall contemporaneously upon the execution of the related Addendum become party to the Series 2013-A Supplement as a Series 2013-A Additional Investor Group pursuant to Section 2.1(b) of the Series 2013-A Supplement by execution of a Series 2013-A Addendum and (B) immediately after giving effect to the execution of such Addendum and such Series 2013-A Addendum, such Additional Investor Group’s Commitment Percentage shall equal such Series 2013-A Additional Investor Group’s Series 2013-A Commitment Percentage. (ii) So long as the Series 2013-A Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A Supplement), no increase to any Investor Group’s Maximum Investor Group Principal Amount or corresponding increase to the Series 2013-B Maximum Principal Amount, in any case pursuant to Section 2.1(c), shall be effective unless immediately after giving effect to such increase, such Investor Group’s Commitment Percentage shall equal such Investor Group’s (in such Investor Group’s capacity as a Series 2013-A Investor Group) Series 2013-A Commitment Percentage.
Appears in 3 contracts
Samples: Amended and Restated Series Supplement (Hertz Global Holdings Inc), Amended and Restated Series Supplement (Hertz Global Holdings Inc), Series 2013 B Variable Funding Rental Car Asset Backed Notes (Hertz Global Holdings Inc)
Pairing Conditions. (i) So long as the Series 2013-A B Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A B Supplement), no increase of the Series 2013-B A Maximum Principal Amount pursuant to Section 2.1(b) shall be effective unless (A) the Additional Investor Group to become party to this Series 2013-B A Supplement in connection therewith shall contemporaneously upon the execution of the related Addendum become party to the Series 2013-A B Supplement as a Series 2013-A B Additional Investor Group pursuant to Section 2.1(b) of the Series 2013-A B Supplement by execution of a Series 2013-A B Addendum and (B) immediately after giving effect to the execution of such Addendum and such Series 2013-A B Addendum, such Additional Investor Group’s Commitment Percentage shall equal such Series 2013-A B Additional Investor Group’s Series 2013-A B Commitment Percentage.
(ii) So long as the Series 2013-A B Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A B Supplement), no increase to any Investor Group’s Maximum Investor Group Principal Amount or corresponding increase to the Series 2013-B A Maximum Principal Amount, in any case pursuant to Section 2.1(c), shall be effective unless immediately after giving effect to such increase, such Investor Group’s Commitment Percentage shall equal such Investor Group’s (in such Investor Group’s capacity as a Series 2013-A B Investor Group) Series 2013-A B Commitment Percentage.
Appears in 2 contracts
Samples: Amended and Restated Series Supplement (Hertz Corp), Series Supplement (Hertz Global Holdings Inc)