Common use of Reserve Account Withdrawal Clause in Contracts

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 2007-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 2007-2 Distribution Account with respect to the Series 2007-2 Final Distribution Date is or will be less than the Series 2007-2 Invested Amount, then prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 2007-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 2007-2 Reserve Account, an amount equal to the lesser of the Series 2007-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 2007-2 Distribution Account on such Series 2007-2 Final Distribution Date.

Appears in 1 contract

Samples: Series 2007 2 Supplement (Avis Budget Group, Inc.)

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Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072019-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072019-2 Distribution Account with respect to the Series 20072019-2 Final Distribution Date is or will be less than the Series 20072019-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072019-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072019-2 Reserve Account, an amount equal to the lesser of the Series 20072019-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072019-2 Distribution Account on such Series 20072019-2 Final Distribution Date.

Appears in 1 contract

Samples: Series 2019 2 Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072020-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072020-2 Distribution Account with respect to the Series 20072020-2 Final Distribution Date is or will be less than the Series 20072020-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072020-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072020-2 Reserve Account, an amount equal to the lesser of the Series 20072020-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072020-2 Distribution Account on such Series 20072020-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072023-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072023-2 Distribution Account with respect to the Series 20072023-2 Final Distribution Date is or will be less than the Series 20072023-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072023-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072023-2 Reserve Account, an amount equal to the lesser of the Series 20072023-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072023-2 Distribution Account on such Series 20072023-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072015-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072015-2 1 Distribution Account with respect to the Series 20072015-2 1 Final Distribution Date is or will be less than the Series 20072015-2 1 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072015-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072015-2 1 Reserve Account, an amount equal to the lesser of the Series 20072015-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072015-2 1 Distribution Account on such Series 20072015-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072014-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072014-2 Distribution Account with respect to the Series 20072014-2 Final Distribution Date is or will be less than the Series 20072014-2 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072014-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072014-2 Reserve Account, an amount equal to the lesser of the Series 20072014-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072014-2 Distribution Account on such Series 20072014-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072017-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072017-2 Distribution Account with respect to the Series 20072017-2 Final Distribution Date is or will be less than the Series 20072017-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072017-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072017-2 Reserve Account, an amount equal to the lesser of the Series 20072017-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072017-2 Distribution Account on such Series 20072017-2 Final Distribution Date.. AMERICAS 93983148 (2K) 38

Appears in 1 contract

Samples: Series 2017 2 Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072020-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072020-2 1 Distribution Account with respect to the Series 20072020-2 1 Final Distribution Date is or will be less than the Series 20072020-2 1 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072020-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072020-2 1 Reserve Account, an amount equal to the lesser of the Series 20072020-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072020-2 1 Distribution Account on such Series 20072020-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072022-2 5 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072022-2 5 Distribution Account with respect to the Series 20072022-2 5 Final Distribution Date is or will be less than the Series 20072022-2 5 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072022-2 5 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072022-2 5 Reserve Account, an amount equal to the lesser of the Series 20072022-2 5 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072022-2 5 Distribution Account on such Series 20072022-2 5 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072018-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072018-2 1 Distribution Account with respect to the Series 20072018-2 1 Final Distribution Date is or will be less than the Series 20072018-2 1 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072018-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072018-2 1 Reserve Account, an amount equal to the lesser of the Series 20072018-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072018-2 1 Distribution Account on such Series 20072018-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072016-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072016-2 1 Distribution Account with respect to the Series 20072016-2 1 Final Distribution Date is or will be less than the Series 20072016-2 1 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072016-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072016-2 1 Reserve Account, an amount equal to the lesser of the Series 20072016-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072016-2 1 Distribution Account on such Series 20072016-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072018-2 Distribution Account of the amount to be deposited in accordance AMERICAS 96004183 38 with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072018-2 Distribution Account with respect to the Series 20072018-2 Final Distribution Date is or will be less than the Series 20072018-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072018-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072018-2 Reserve Account, an amount equal to the lesser of the Series 20072018-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072018-2 Distribution Account on such Series 20072018-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072016-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072016-2 Distribution Account with respect to the Series 20072016-2 Final Distribution Date is or will be less than the Series 20072016-2 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072016-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072016-2 Reserve Account, an amount equal to the lesser of the Series 20072016-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072016-2 Distribution Account on such Series 20072016-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072005-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072005-2 Distribution Account with respect to the a Series 20072005-2 Final Distribution Date is or will be less than the Series 20072005-2 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072005-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072005-2 Reserve Account, an amount equal to the lesser of the Series 20072005-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072005-2 Distribution Account on such Series 20072005-2 Final Distribution Date.

Appears in 1 contract

Samples: Series 2005 2 Supplement (Avis Budget Group, Inc.)

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Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072014-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072014-2 1 Distribution Account with respect to the Series 20072014-2 1 Final Distribution Date is or will be less than the Series 20072014-2 1 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072014-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072014-2 1 Reserve Account, an amount equal to the lesser of the Series 20072014-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072014-2 1 Distribution Account on such Series 20072014-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072019-2 3 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072019-2 3 Distribution Account with respect to the Series 20072019-2 3 Final Distribution Date is or will be less than the Series 20072019-2 3 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072019-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072019-2 3 Reserve Account, an amount equal to the lesser of the Series 20072019-2 3 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072019-2 3 Distribution Account on such Series 20072019-2 3 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072005-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072005-2 Distribution Account with respect to the Series 20072005-2 Final Distribution Date is or will be less than the Series 20072005-2 Invested Amount, then prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072005-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072005-2 Reserve Account, an amount equal to the lesser of the amount on deposit in the Series 20072005-2 Available Reserve Account Amount (after giving effect to the distribution of any amounts in the Series 2005-2 Reserve Account made pursuant to Section 2.3(d) and Section 2.5(d)(iii) on such date) and such remaining insufficiency and deposit it in the Series 20072005-2 Distribution Account on such Series 20072005-2 Final Distribution Date.

Appears in 1 contract

Samples: Amended and Restated Series 2005 2 Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072009-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072009-2 Distribution Account with respect to the Series 20072009-2 Final Distribution Date is or will be less than the Series 20072009-2 Invested Amount, then prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072009-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072009-2 Reserve Account, an amount equal to the lesser of the Series 20072009-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072009-2 Distribution Account on such Series 20072009-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072017-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072017-2 1 Distribution Account with respect to the Series 20072017-2 1 Final Distribution Date is or will be less than the Series 20072017-2 1 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072017-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072017-2 1 Reserve Account, an amount equal to the lesser of the Series 20072017-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072017-2 1 Distribution Account on such Series 20072017-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072023-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072023-2 1 Distribution Account with respect to the Series 20072023-2 1 Final Distribution Date is or will be less than the Series 20072023-2 1 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072023-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072023-2 1 Reserve Account, an amount equal to the lesser of the Series 20072023-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072023-2 1 Distribution Account on such Series 20072023-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072010-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072010-2 Distribution Account with respect to the Series 20072010-2 Final Distribution Date is or will be less than the Series 20072010-2 Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072010-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw with­draw from the Series 20072010-2 Reserve Account, an amount equal to the lesser of the Series 20072010-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072010-2 Distribution Account on such Series 20072010-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072022-2 1 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072022-2 1 Distribution Account with respect to the Series 20072022-2 1 Final Distribution Date is or will be less than the Series 20072022-2 1 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072022-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072022-2 1 Reserve Account, an amount equal to the lesser of the Series 20072022-2 1 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072022-2 1 Distribution Account on such Series 20072022-2 1 Final Distribution Date.

Appears in 1 contract

Samples: Series 2022 1 Supplement (Avis Budget Group, Inc.)

Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20072021-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and the amounts described in clauses (i) and (ii) of this Section 2.5(c), the amount to be deposited in the Series 20072021-2 Distribution Account with respect to the Series 20072021-2 Final Distribution Date is or will be less than the Series 20072021-2 Senior Invested Amount, then then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20072021-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 20072021-2 Reserve Account, an amount equal to the lesser of the Series 20072021-2 Available Reserve Account Amount and such remaining insufficiency and deposit it in the Series 20072021-2 Distribution Account on such Series 20072021-2 Final Distribution Date.

Appears in 1 contract

Samples: Series Supplement (Avis Budget Group, Inc.)

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