Common use of Payment of Advances Clause in Contracts

Payment of Advances. Each Managing Agent severally agrees, on behalf of its Ownership Group, in each case pro rata based on the respective Applicable Pro Rata Share of its related Ownership Group, to remit the applicable Advances to RCFC on the related Advance Date not later than 3:00 p.m. New York City time on such Advance Date by wire transfer of immediately available funds in U.S. Dollars to RCFC’s account no. 00000000, ABA# 000000000, maintained at Deutsche Bank Trust Company Americas (ref: Rental Car Finance Corp. Series 2010-3) (or such other account as may from time to time be specified by RCFC in a notice to each Managing Agent).

Payment of Advances. Each Managing Agent severally agrees, on behalf of its Ownership Group, in each case pro rata based on the respective Applicable Pro Rata Share of its related Ownership Group, to remit the applicable Advances Advance to RCFC on the related Advance Date not later than 3:00 5:00 p.m. New York City time on such Advance Date by wire transfer of immediately available funds in U.S. Dollars to RCFC’s 's account no. 00000000, ABA# 000000000, maintained at Deutsche Bank Bankers Trust Company Americas (ref: Rental Car Finance Corp. Series 20102000-31) (or such other account as may from time to time be specified by RCFC in a notice to each Managing Agent).

Payment of Advances. Each Managing Agent severally agrees, on behalf of its Ownership Group, in each case pro rata based on the respective Applicable Pro Rata Share of its related Ownership Group, to remit the applicable Advances to RCFC on the related Advance Date not later than 3:00 p.m. New York City time on such Advance Date by wire transfer of immediately available funds in U.S. Dollars to RCFC’s account no. 00000000, ABA# 000000000, maintained at Deutsche Bank Trust Company Americas (ref: Rental Car Finance Corp. Series 2010-31) (or such other account as may from time to time be specified by RCFC in a notice to each Managing Agent).