Principal Deficit and Lease Principal Payment Deficit Events. Initial Draws on Series 2013-A Letters of Credit. If HVF II determines on any Payment Date that there exists a Series 2013-A Lease Principal Payment Deficit that exceeds the amount, if any, withdrawn from the Series 2013-A Reserve Account pursuant to Section 5.4(b), then HVF II shall instruct the Trustee in writing to draw on the Series 2013-A Letters of Credit, if any, in an amount equal to the least of:
Appears in 6 contracts
Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp)
Principal Deficit and Lease Principal Payment Deficit Events. Initial Draws on Series 2013-A B Letters of Credit. If HVF II determines on any Payment Date that there exists a Series 2013-A B Lease Principal Payment Deficit that exceeds the amount, if any, withdrawn from the Series 2013-A B Reserve Account pursuant to Section 5.4(b), then HVF II shall instruct the Trustee in writing to draw on the Series 2013-A B Letters of Credit, if any, in an amount equal to the least of:
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc)
Principal Deficit and Lease Principal Payment Deficit Events. Initial Draws on Series 20132014-A Letters of Credit. If HVF II determines on any Payment Date that there exists a Series 20132014-A Lease Principal Payment Deficit that exceeds the amount, if any, withdrawn from the Series 20132014-A Reserve Account pursuant to Section 5.4(b), then HVF II shall instruct the Trustee in writing to draw on the Series 20132014-A Letters of Credit, if any, in an amount equal to the least of:
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp)
Principal Deficit and Lease Principal Payment Deficit Events. Initial Draws on Series 2013-A B Letters of Credit. If HVF II determines on any Payment Date that there exists a Series 2013-A B Lease Principal Payment Deficit that exceeds the amount, if any, withdrawn from the Series 2013-A B Reserve Account pursuant to Section 64 WEIL:\95470638\23\52399.0041 5.4(b), then HVF II shall instruct the Trustee in writing to draw on the Series 2013-A B Letters of Credit, if any, in an amount equal to the least of:
Appears in 1 contract
