Procedure for Decreasing the Series 0000-0 Xxxxxxxxx Xxxxxx. (a) On any Business Day, RCFC may decrease the Series 2010-3 Principal Amount (each such decrease referred to as a “Decrease”) by withdrawing from the Series 2010-3 Collection Account and distributing to the Series 2010-3 Noteholder in respect of principal of the Series 2010-3 Note, an amount equal to the amount of such Decrease. (b) In addition, on any Business Day on or after December 3, 2013 on which RCFC Exchange Proceeds with respect to any Group VII Vehicles are applied pursuant to the Collateral Agency Agreement, RCFC shall effect a Decrease with and to the extent of such RCFC Exchange Proceeds, which Decrease shall be effected in accordance with the terms of the Master Exchange Agreement.
Appears in 5 contracts
Samples: Second Amended and Restated Series 2013 B Supplement (Hertz Corp), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc)
Procedure for Decreasing the Series 0000-0 Xxxxxxxxx Xxxxxx. (a) On any Business Day, RCFC may decrease the Series 2010-3 Principal Amount (each such decrease referred to as a “Decrease”) by withdrawing from the Series 2010-3 Collection Account and distributing to the Series 2010-3 Noteholder in respect of principal of the Series 2010-3 Note, an amount equal to the amount of such Decrease.. WEIL:\95390898\1\99910.6247
(b) In addition, on any Business Day on or after December 3, 2013 on which RCFC Exchange Proceeds with respect to any Group VII Vehicles are applied pursuant to the Collateral Agency Agreement, RCFC shall effect a Decrease with and to the extent of such RCFC Exchange Proceeds, which Decrease shall be effected in accordance with the terms of the Master Exchange Agreement.
Appears in 1 contract
Samples: Amendment No. 1 (Hertz Corp)
