Common use of Rapid Amortization Period Clause in Contracts

Rapid Amortization Period. Commencing on the first Determination Date after the commencement of the Series 2010-1 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (w) the amount allocated to the Series 2010-1 Notes pursuant to Section 3.2(b)(ii) of this Series Supplement and any amounts allocated from the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d) or Section 3.3(f) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as the case may be, (x) any amounts to be withdrawn from the Series 2010-1 Reserve Account and deposited into the Series 2010-1 Distribution Account pursuant to this Section 3.5, (y) any amounts to be drawn on the Series 2010-1 Letters of Credit (and/or withdrawn from the Series 2010-1 Cash Collateral Account) pursuant to this Section 3.5 and (z) the amount of any demand to be made under the Series 2010-1 Demand Note. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization Period, the Trustee shall withdraw such amounts allocated to pay principal of the Series 2010-1 Notes from the Series 2010-1 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 2010-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date into the Series 2010-1 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant to Section 3.5(d) of this Series Supplement.

Appears in 2 contracts

Samples: Second Amended and Restated Series 2010 1 Supplement (Zipcar Inc), Amended and Restated Series 2010 1 Supplement (Zipcar Inc)

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Rapid Amortization Period. Commencing on the second Determination Date during the Three-Year Notes Controlled Amortization Period or the first Determination Date after the commencement of the Series 20102004-1 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wi) the amount allocated to the Series 20102004-1 Notes during the Related Month pursuant to Section 3.2(b)(ii) of this Series Supplement and any amounts allocated from the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d2.02(b)(ii) or Section 3.3(f(c)(ii) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as the case may be, (xii) any amounts to be withdrawn from the Series 20102004-1 Reserve Account and deposited into the Series 20102004-1 Distribution Account pursuant to this Section 3.5Account, (yiii) any amounts to be drawn on the Series 20102004-1 Letters of Credit (and/or or withdrawn from the Series 20102004-1 Cash Collateral Account), (iv) pursuant to this Section 3.5 the amount of proceeds received in respect of a demand made under the Series 2004-1 Demand Note and (zv) the amount of any demand to be made under on the Series 2010-1 Demand NoteInsurance Policy in accordance with the terms thereof. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization PeriodDate, the Trustee shall withdraw such amounts the amount allocated to pay principal of the Series 20102004-1 Notes of each Class during the Related Month pursuant to Section 2.02(b)(ii) or (c)(ii) of this Series Supplement, as the case may be, from the Series 20102004-1 Collection Account and deposit such amount amount, together with the proceeds of any demand made on the Series 20102004-1 Demand Note received during the period from but and excluding the immediately preceding Payment Date to and including such Payment Date into the Series 20102004-1 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant (x) first, to Section 3.5(dthe Series 2004-1 Noteholders holding such Class of Series 2004-1 Notes and (y) second, once the Series 2004-1 Notes have been paid in full, to Ford all unpaid Ford Reimbursement Obligations; provided, however, that with respect to the Three-Year Notes Legal Final Payment Date and the Class A-3 Legal Final Payment Date, the Trustee shall withdraw from the Series 2004-1 Collection Account an amount which is no greater than the sum of this Series Supplementthe Class A-1 Principal Amount and the Class A-2 Principal Amount, or Class A-3 Principal Amount, as the case may be, as of the end of the day on the immediately preceding day.

Appears in 2 contracts

Samples: Amended and Restated Series 2004 1 Supplement (Hertz Corp), Second Amended and Restated Series 2004 1 Supplement (Hertz Global Holdings Inc)

Rapid Amortization Period. Commencing on the second Determination Date during the Three-Year Notes Controlled Amortization Period or the first Determination Date after the commencement of the Series 20102005-1 2 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wv) the amount allocated to the Series 20102005-1 2 Notes of each Class during the Related Month pursuant to Section 3.2(b)(ii) of this Series Supplement and any amounts allocated from the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d2.2(b)(ii) or Section 3.3(f(c)(ii) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as the case may be, (xw) any amounts to be withdrawn from the Series 2010-1 Class A Reserve Account and the Class B Reserve Account and deposited into the Series 20102005-1 2 Distribution Account pursuant to this Section 3.5Account, (yx) any amounts to be drawn on the Series 20102005-1 2 Letters of Credit (and/or withdrawn from the Series 20102005-1 2 Cash Collateral AccountAccounts), (y) pursuant to this Section 3.5 the amount of proceeds received in respect of a demand made under the Series 2005-2 Demand Note and (z) the amount of any demand to be made under on the Series 2010-1 Demand NoteInsurance Policy in accordance with the terms thereof. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization PeriodDate, the Trustee shall withdraw such amounts the amount allocated to pay principal of the Series 20102005-1 2 Notes of each Class during the Related Month pursuant to Section 2.2(b)(ii) or (c)(ii) of this Series Supplement, as the case may be, from the Series 20102005-1 2 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 20102005-1 2 Demand Note received during the period from but and excluding the immediately preceding Payment Date to and including such Payment Date into the Series 20102005-1 2 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment PeriodAccount, which amount shall be paid (i) first, to the Class A Noteholders holding Class A Notes to which amounts have been so allocated, (ii) second, once all amounts due to such Class A Noteholders on such Payment Date have been paid in full, to the Class B Noteholders holding Class B Notes to which amounts have been so allocated, (iii) third, once the Series 2005-2 Notes have been paid in full, to Ford all unpaid Ford Reimbursement Obligations and (iv) fourth, once all amounts due and owing to Ford under the immediately preceding clause have been paid in full, only for so long as the Ford LOC Exposure Amount is greater than zero, solely to the extent that after giving effect to such payment the Fleet Equity Condition would be satisfied, to each Interest Rate Hedge Provider to which amounts have been allocated; provided, however, that with respect to the Three-Year Notes Legal Final Payment Date and the Four-Year Notes Legal Final Payment Date, the Trustee shall withdraw from the Series 2005-2 Collection Account an amount which is no greater than the amounts due and owing pursuant to Section 3.5(dclauses (i) and (ii) of this Section 2.5(a) on such Payment Date; provided, further, however, that with respect to the Five-Year Notes Legal Final Payment Date, the Trustee shall withdraw from the Series Supplement2005-2 Collection Account an amount which is no greater than the amounts due and owing pursuant to clauses (i) through (iv) of this Section 2.5(a) on such Payment Date.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Hertz Global Holdings Inc)

Rapid Amortization Period. Commencing with (i) the second Determination Date during the Three-Year Notes Controlled Amortization Period, and on each Determination Date thereafter during the Three-Year Notes Controlled Amortization Period, and (ii) the earlier of the second Determination Date during the Five-Year Notes Controlled Amortization Period and the first Determination Date after the commencement of during the Series 20102013-1 Rapid Amortization Period Period, and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (w) the amount allocated to each Class of the Series 20102013-1 Notes pursuant to Section 3.2(b)(ii2.2(b)(ii) or Section 2.2(c)(ii) of this Series Supplement and during the applicable Series 2013-1 Amortization Principal Collection Period, as the case may be, together with any amounts allocated to the Series 2013-1 Collection Account from the Series 20102013-1 Excess Collection Account pursuant to Section 2.2(f) of this Series Supplement or allocated to the Series 20102013-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d2.2(e) or Section 3.3(f2.3(h) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 20102013-1 Distribution Account for payment to the Series 20102013-1 NoteholdersNoteholders of the applicable Class of Series 2013-1 Notes, as (w) any amounts to be withdrawn from the case may beClass A/B Reserve Account and deposited into the Series 2013-1 Distribution Account, (x) any amounts to be withdrawn from the Series 2010-1 Reserve Account and deposited into the Series 2010-1 Distribution Account pursuant to this Section 3.5, (y) any amounts to be drawn on the Series 2010-1 Class A/B Letters of Credit (and/or withdrawn from the Series 2010-1 any Class A/B Cash Collateral Account) pursuant to this Section 3.5 and (zy) the amount of any demand to be made under the Series 20102013-1 Demand Note. On the each Payment Date following each such Determination Date during the Series 20102013-1 Controlled Amortization Period or the Series 2013-1 Rapid Amortization Period, the Trustee shall withdraw such amounts allocated pursuant to Section 2.2(b)(ii) and Section 2.2(c)(ii) of this Series Supplement to pay principal of the Series 20102013-1 Notes from the Series 2010-1 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 2010-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date amounts into the Series 20102013-1 Distribution Account along with any other amounts deposited in to be paid to the Series 20102013-1 Distribution Account for Noteholders of the payment applicable Class of principal of such Series 20102013-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant to Section 3.5(d2.5(d) of this Series Supplement.

Appears in 1 contract

Samples: Supplement (Cinelease, LLC)

Rapid Amortization Period. Commencing on the first Determination Date after the commencement of the Series 20102005-1 3 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wv) the amount allocated to the Series 20102005-1 3 Notes of each Class during the Related Month pursuant to Section 3.2(b)(ii) of this Series Supplement and any amounts allocated from the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d) or Section 3.3(f3.2(c)(ii) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as the case may be, (xw) any amounts to be withdrawn from the Series 2010-1 Class A Reserve Account and the Class B Reserve Account and deposited into the Series 20102005-1 3 Distribution Account pursuant to this Section 3.5Account, (yx) any amounts to be drawn on the Series 20102005-1 3 Letters of Credit (and/or withdrawn from the Series 20102005-1 3 Cash Collateral AccountAccounts), (y) pursuant to this Section 3.5 the amount of proceeds received in respect of a demand made under the Series 2005-3 Demand Note and (z) the amount of any demand to be made under on the Series 2010-1 Demand NoteInsurance Policy in accordance with the terms thereof. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization PeriodDate, the Trustee shall withdraw such amounts the amount allocated to pay principal of the Series 20102005-1 3 Notes of each Class during the Related Month pursuant to Section 3.2(c)(ii) of this Series Supplement, as the case may be, from the Series 20102005-1 3 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 20102005-1 3 Demand Note received during the period from but and excluding the immediately preceding Payment Date to and including such Payment Date into the Series 20102005-1 3 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment PeriodAccount, which amount shall be paid pursuant (i) first, to Section 3.5(dthe Class A Noteholders until the Class A Notes have been paid in full, (ii) of this second, once the Class A Notes have been paid in full, to the Class B Noteholders until the Class B Notes have been paid in full, (iii) third, once the Series Supplement2005-3 Notes have been paid in full, to Ford all unpaid Ford Reimbursement Obligations and (iv) fourth, once all amounts due and owing to Ford under the immediately preceding clause have been paid in full, only for so long as the Ford LOC Exposure Amount is greater than zero, only to the extent that after giving effect to such payment the Fleet Equity Condition would be satisfied, to each Interest Rate Hedge Provider to which amounts have been allocated.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Hertz Global Holdings Inc)

Rapid Amortization Period. Commencing with (i) the second Determination Date during the Three-Year Notes Controlled Amortization Period, and on each Determination Date thereafter during the Three-Year Notes Controlled Amortization Period, and (ii) the earlier of the second Determination Date during the Five-Year Notes Controlled Amortization Period and the first Determination Date after the commencement of during the Series 20102011-1 Rapid Amortization Period Period, and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (w) the amount allocated to each Class of the Series 20102011-1 Notes pursuant to Section 3.2(b)(ii2.2(b)(ii) or Section 2.2(c)(ii) of this Series Supplement and during the applicable Series 2011-1 Amortization Principal Collection Period, as the case may be, together with any amounts allocated to the Series 2011-1 Collection Account from the Series 20102011-1 Excess Collection Account pursuant to Section 2.2(f) of this Series Supplement or allocated to the Series 20102011-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d2.2(e) or Section 3.3(f2.3(h) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 20102011-1 Distribution Account for payment to the Series 20102011-1 NoteholdersNoteholders of the applicable Class of Series 2011-1 Notes, as (w) any amounts to be withdrawn from the case may beClass A/B Reserve Account and deposited into the Series 2011-1 Distribution Account, (x) any amounts to be withdrawn from the Series 2010-1 Reserve Account and deposited into the Series 2010-1 Distribution Account pursuant to this Section 3.5, (y) any amounts to be drawn on the Series 2010-1 Class A/B Letters of Credit (and/or withdrawn from the Series 2010-1 any Class A/B Cash Collateral Account) pursuant to this Section 3.5 and (zy) the amount of any demand to be made under the Series 20102011-1 Demand Note. On the each Payment Date following each such Determination Date during the Series 20102011-1 Controlled Amortization Period or the Series 2011-1 Rapid Amortization Period, the Trustee shall withdraw such amounts allocated pursuant to Section 2.2(b)(ii) and Section 2.2(c)(ii) of this Series Supplement to pay principal of the Series 20102011-1 Notes from the Series 2010-1 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 2010-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date amounts into the Series 20102011-1 Distribution Account along with any other amounts deposited in to be paid to the Series 20102011-1 Distribution Account for Noteholders of the payment applicable Class of principal of such Series 20102011-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant to Section 3.5(d2.5(d) of this Series Supplement.

Appears in 1 contract

Samples: Supplement (Hertz Global Holdings Inc)

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Rapid Amortization Period. Commencing on the first Determination Date after the commencement of the Series 20102005-1 4 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wv) the amount allocated to the Series 20102005-1 4 Notes of each Class during the Related Month pursuant to Section 3.2(b)(ii) of this Series Supplement and any amounts allocated from the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Section 3.2(e) of this Series Supplement and/or allocated to the Series 2010-1 Collection Account pursuant to Section 3.2(d) or Section 3.3(f3.2(c)(ii) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as the case may be, (xw) any amounts to be withdrawn from the Series 2010-1 Class A Reserve Account and the Class B Reserve Account and deposited into the Series 20102005-1 4 Distribution Account pursuant to this Section 3.5Account, (yx) any amounts to be drawn on the Series 20102005-1 4 Letters of Credit (and/or withdrawn from the Series 20102005-1 4 Cash Collateral AccountAccounts), (y) pursuant to this Section 3.5 the amount of proceeds received in respect of a demand made under the Series 2005-4 Demand Note and (z) the amount of any demand to be made under on the Series 2010-1 Demand NoteInsurance Policy in accordance with the terms thereof. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization PeriodDate, the Trustee shall withdraw such amounts the amount allocated to pay principal of the Series 20102005-1 4 Notes of each Class during the Related Month pursuant to Section 3.2(c)(ii) of this Series Supplement, as the case may be, from the Series 20102005-1 4 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 20102005-1 4 Demand Note received during the period from but and excluding the immediately preceding Payment Date to and including such Payment Date into the Series 20102005-1 4 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment PeriodAccount, which amount shall be paid pursuant (i) first, to Section 3.5(dthe Class A Noteholders until the Class A Notes have been paid in full, (ii) of this second, once the Class A Notes have been paid in full, to the Class B Noteholders until the Class B Notes have been paid in full, (iii) third, once the Series Supplement2005-4 Notes have been paid in full, to Ford all unpaid Ford Reimbursement Obligations and (iv) fourth, once all amounts due and owing to Ford under the immediately preceding clause have been paid in full, only for so long as the Ford LOC Exposure Amount is greater than zero, only to the extent that after giving effect to such payment the Fleet Equity Condition would be satisfied, to each Interest Rate Hedge Provider to which amounts have been allocated.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Hertz Global Holdings Inc)

Rapid Amortization Period. Commencing with (i) the second Determination Date during the Three-Year Notes Controlled Amortization Period, and on each Determination Date thereafter during the Three-Year Notes Controlled Amortization Period, and (ii) the earlier of the second Determination Date during the Five-Year Notes Controlled Amortization Period and the first Determination Date after the commencement of during the Series 20102009-1 2 Rapid Amortization Period Period, and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wv) the amount allocated to each Class of the Series 20102009-1 2 Notes pursuant to Section 3.2(b)(ii2.2(b)(ii) of this Series Supplement and any amounts allocated from during the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Related Month or Section 3.2(e2.2(c)(ii) of this Series Supplement and/or allocated to during the applicable Series 20102009-1 2 Rapid Amortization Principal Collection Account pursuant to Section 3.2(d) or Section 3.3(f) of this Series SupplementPeriod, in each caseas the case may be, prior to such date and not previously deposited into the Series 20102009-1 2 Distribution Account for payment to the Series 20102009-1 Noteholders, as 2 Noteholders of the case may beapplicable Class of Series 2009-2 Notes, (xw) any amounts to be withdrawn from the Series 2010-1 Class A Reserve Account and/or the Class B Reserve Account and deposited into the Series 20102009-1 2 Distribution Account pursuant to this Section 3.5Account, (yx) any amounts to be drawn on the Series 20102009-1 2 Letters of Credit (and/or withdrawn from the any Series 20102009-1 2 Cash Collateral Account) pursuant to this Section 3.5 and (zy) the amount of any demand to be made under the Series 20102009-1 2 Demand Note. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization Period, the The Trustee shall withdraw such amounts allocated pursuant to Section 2.2(b)(ii) and Section 2.2(c)(ii) of this Series Supplement to pay principal of the Series 20102009-1 2 Notes from the Series 2010-1 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 2010-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date amounts into the Series 20102009-1 2 Distribution Account along with any other amounts deposited in to be paid to the Series 20102009-1 Distribution Account for 2 Noteholders of the payment applicable Class of principal of such Series 20102009-1 2 Notes pursuant to Section 3.5(b) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant to Section 3.5(d2.5(e) of this Series Supplement.

Appears in 1 contract

Samples: Amended and Restated Series Supplement (Hertz Global Holdings Inc)

Rapid Amortization Period. Commencing with (i) the second Determination Date during the Three-Year Notes Controlled Amortization Period, and on each Determination Date thereafter during the Three-Year Notes Controlled Amortization Period, (ii) the second Determination Date during the Five-Year Notes Controlled Amortization Period, and on each Determination Date thereafter during the Five-Year Notes Controlled Amortization Period, and (iii) the earlier of the second Determination Date during the Seven-Year Notes Controlled Amortization Period and the first Determination Date after the commencement of during the Series 2010-1 Rapid Amortization Period Period, and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement with respect to the related Payment Date as to (wv) the amount allocated to each Class of the Series 2010-1 Notes pursuant to Section 3.2(b)(ii2.2(b)(ii) of this Series Supplement and any amounts allocated from during the Series 2010-1 Excess Collection Account to the Series 2010-1 Collection Account pursuant to Related Month or Section 3.2(e2.2(c)(ii) of this Series Supplement and/or allocated to during the applicable Series 2010-1 Rapid Amortization Principal Collection Account pursuant to Section 3.2(d) or Section 3.3(f) of this Series SupplementPeriod, in each caseas the case may be, prior to such date and not previously deposited into the Series 2010-1 Distribution Account for payment to the Series 2010-1 Noteholders, as Noteholders of the case may beapplicable Class of Series 2010-1 Notes, (xw) any amounts to be withdrawn from the Series 2010-1 Reserve Account and deposited into the Series 2010-1 Distribution Account pursuant to this Section 3.5Account, (yx) any amounts to be drawn on the Series 2010-1 Letters of Credit (and/or withdrawn from the any Series 2010-1 Cash Collateral Account) pursuant to this Section 3.5 and (zy) the amount of any demand to be made under the Series 2010-1 Demand Note. On the Payment Date following each such Determination Date during the Series 2010-1 Rapid Amortization Period, the The Trustee shall withdraw such amounts allocated to pay principal of the Series 2010-1 Notes from the Series 2010-1 Collection Account and deposit such amount together with the proceeds of any demand made on the Series 2010-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date into the Series 2010-1 Distribution Account along with any other amounts deposited in the Series 2010-1 Distribution Account for the payment of principal of such Series 2010-1 Notes pursuant to Section 3.5(b2.2(b)(ii) of this Series Supplement and any amounts deposited in the Series 2010-1 Distribution Account pursuant to Section 3.5(c) of this Series Supplement, in each case during the related Series 2010-1 Rapid Amortization Payment Period, which amount shall be paid pursuant to Section 3.5(d) of this Series Supplement.Section

Appears in 1 contract

Samples: Supplement (Hertz Global Holdings Inc)

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