Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 2012-2 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 2012-2 Distribution Account with respect to the Series 2012-2 Final Distribution Date is or will be less than the Series 2012-2 Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 2012-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B Reserve Account, an amount equal to the lesser of the Class A/B Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C Reserve Account, an amount equal to the lesser of the Class C Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B Reserve Account) and, in each case, deposit it in the Series 2012-2 Distribution Account on such Series 2012-2 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2012 2 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122018-2 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 20122018-2 Distribution Account with respect to the Series 20122018-2 Final Distribution Date is or will be less than the Series 20122018-2 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122018-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122018-2 Distribution Account on such Series 20122018-2 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2018 2 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 2012-2 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 2012-2 3 Distribution Account with respect to the Series 2012-2 3 Final Distribution Date is or will be less than the Series 2012-2 3 Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 2012-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B Reserve Account, an amount equal to the lesser of the Class A/B Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C Reserve Account, an amount equal to the lesser of the Class C Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B Reserve Account) and, in each case, deposit it in the Series 2012-2 3 Distribution Account on such Series 2012-2 3 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122018-2 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 20122018-2 1 Distribution Account with respect to the Series 20122018-2 1 Final Distribution Date is or will be less than the Series 20122018-2 1 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122018-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122018-2 1 Distribution Account on such Series 20122018-2 1 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122011-2 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 20122011-2 5 Distribution Account with respect to the Series 20122011-2 5 Final Distribution Date is or will be less than the Series 20122011-2 5 Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122011-2 5 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B Reserve Account, an amount equal to the lesser of the Class A/B Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C Reserve Account, an amount equal to the lesser of the Class C Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B Reserve Account) and, in each case, deposit it in the Series 20122011-2 5 Distribution Account on such Series 20122011-2 5 Final Distribution Date.
(c) Class A/B Principal Deficit Amount. On each Distribution Date, other than the Series 2011-5 Final Distribution Date, on which the Class A/B Principal Deficit Amount is greater than zero, amounts shall be transferred to the Series 2011-5 Distribution Account as follows:
Appears in 1 contract
Samples: Amended and Restated Series 2011 5 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122013-2 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 20122013-2 Distribution Account with respect to the Series 20122013-2 Final Distribution Date is or will be less than the Series 20122013-2 Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122013-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B Reserve Account, an amount equal to the lesser of the Class A/B Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C Reserve Account, an amount equal to the lesser of the Class C Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B Reserve Account) and, in each case, deposit it in the Series 20122013-2 Distribution Account on such Series 20122013-2 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2013 2 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122020-2 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 20122020-2 1 Distribution Account with respect to the Series 20122020-2 1 Final Distribution Date is or will be less than the Series 20122020-2 1 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122020-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122020-2 1 Distribution Account on such Series 20122020-2 1 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2020 1 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122019-2 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 20122019-2 Distribution Account with respect to the Series 20122019-2 Final Distribution Date is or will be less than the Series 20122019-2 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122019-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122019-2 Distribution Account on such Series 20122019-2 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2019 2 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122011-2 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 20122011-2 3 Distribution Account with respect to the Series 20122011-2 3 Final Distribution Date is or will be less than the Series 20122011-2 3 Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122011-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B Reserve Account, an amount equal to the lesser of the Class A/B Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C Reserve Account, an amount equal to the lesser of the Class C Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B Reserve Account) and, in each case, deposit it in the Series 20122011-2 3 Distribution Account on such Series 20122011-2 3 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122017-2 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 20122017-2 Distribution Account with respect to the Series 20122017-2 Final Distribution Date is or will be less than the Series 20122017-2 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122017-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122017-2 Distribution Account on such Series 20122017-2 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series Supplement (Avis Budget Group, Inc.)
Reserve Account Withdrawal. If, after giving effect to the deposit into the Series 20122019-2 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 20122019-2 3 Distribution Account with respect to the Series 20122019-2 3 Final Distribution Date is or will be less than the Series 20122019-2 3 Senior Invested Amount, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Series 20122019-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw (x) first, from the Class A/B B/C Reserve Account, an amount equal to the lesser of the Class A/B B/C Available Reserve Account Amount and such remaining insufficiency and (y) second, from the Class C D Reserve Account, an amount equal to the lesser of the Class C D Available Reserve Account Amount and such remaining insufficiency (after giving effect to any withdrawal from the Class A/B B/C Reserve Account) and, in each case, deposit it in the Series 20122019-2 3 Distribution Account on such Series 20122019-2 3 Final Distribution Date.
Appears in 1 contract
Samples: Amended and Restated Series 2019 3 Supplement (Avis Budget Group, Inc.)