Common use of Reserve Account Surplus Clause in Contracts

Reserve Account Surplus. In the event that the Series 2009-1 Reserve Account Surplus on any Payment Date is greater than zero, the Trustee, acting in accordance with the written instructions of the Administrator (with a copy to the Administrative Agent), shall withdraw from the Series 2009-1 Reserve Account an amount equal to the Series 2009-1 Reserve Account Surplus and pay such Series 2009-1 Reserve Account Surplus to HVF.

Appears in 4 contracts

Samples: Hertz Global Holdings Inc, Cinelease, LLC, Hertz Global Holdings Inc

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Reserve Account Surplus. In the event that the Series 20091999-1 Reserve Account Surplus on any Payment Distribution Date is greater than zero, the Trustee, acting in accordance with the written instructions of the Administrator (with a copy to the Administrative Agent)Servicer, shall withdraw from the Series 20091999-1 Reserve Account an amount equal to the Series 20091999-1 Reserve Account Surplus and shall pay such Series 2009-1 Reserve Account Surplus amount to HVFARG.

Appears in 1 contract

Samples: Autonation Inc /Fl

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