Common use of Reserve Account Withdrawal Clause in Contracts

Reserve Account Withdrawal. If the amount to be deposited in the Series 2009-1 Distribution Account in accordance with Section 3.5(a) of this Series Supplement with respect to the Legal Final Payment Date together with any amounts to be deposited therein in accordance with Section 3.5(b) of this Series Supplement on the Legal Final Payment Date, in each case, to pay principal of the Series 2009-1 Notes, is less than the Series 2009-1 Principal Amount on the Legal Final Payment Date, prior to 10:30 a.m. (New York City time) on the second Business Day prior to the Legal Final Payment Date, the Administrator shall instruct the Trustee to withdraw from the Series 2009-1 Reserve Account, an amount equal to the lesser of (i) the Series 2009-1 Available Reserve Account Amount (after giving effect to any withdrawals from the Series 2009-1 Reserve Account pursuant to Section 3.3(c) and Section 3.5(b)(i) of this Series Supplement), and (ii) such insufficiency, and deposit such withdrawn amounts in the Series 2009-1 Distribution Account on the Legal Final Payment Date. The Trustee shall withdraw such amounts from the Series 2009-1 Reserve Account and deposit such amounts in the Series 2009-1 Distribution Account on or prior to the Legal Final Payment Date.

Appears in 3 contracts

Samples: Second Amended and Restated Series 2009 1 Supplement (Cinelease, LLC), Amended and Restated Series 2009 1 Supplement (Hertz Global Holdings Inc), Series Supplement (Hertz Global Holdings Inc)

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Reserve Account Withdrawal. If the amount to be deposited in the Series 20092010-1 Distribution Account in accordance with Section 3.5(a) of this Series Supplement with respect to the Legal Final Payment Date together with any amounts to be deposited therein in accordance with Section 3.5(b) of this Series Supplement on the Legal Final Payment Date, in each case, to pay principal of the Series 20092010-1 Notes, is less than the Series 20092010-1 Principal Amount on the Legal Final Payment Date, prior to 10:30 a.m. (New York City time) on the second Business Day prior to the Legal Final Payment Date, the Administrator shall instruct the Trustee to withdraw from the Series 20092010-1 Reserve Account, an amount equal to the lesser of (i) the Series 20092010-1 Available Reserve Account Amount (after giving effect to any withdrawals from the Series 20092010-1 Reserve Account pursuant to Section 3.3(c) and Section 3.5(b)(i) of this Series Supplement), and (ii) such insufficiency, and deposit such withdrawn amounts in the Series 20092010-1 Distribution Account on the Legal Final Payment Date. The Trustee shall withdraw such amounts from the Series 20092010-1 Reserve Account and deposit such amounts in the Series 20092010-1 Distribution Account on or prior to the Legal Final Payment Date.

Appears in 2 contracts

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

Reserve Account Withdrawal. If the amount to be deposited in the Series 2009-1 Distribution Account in accordance with Section 3.5(a) of this Series Supplement with respect to the Legal Final Payment Date together with any amounts to be deposited therein in accordance with Section 3.5(b) of this Series Supplement on the Legal Final Payment Date, in each case, to pay principal of the Series 2009-1 Notes, is less than the Series 2009-1 Principal Amount on the Legal Final Payment Date, prior to 10:30 a.m. (New York City time) on the second Business Day prior to the Legal Final Payment Date, the Administrator shall instruct the Trustee to withdraw from the Series 2009-1 Reserve Account, an amount equal to the lesser of (i) the Series 2009-1 Available Reserve Account Amount (after giving effect to any withdrawals from the Series 2009-1 Reserve Account pursuant to Section 3.3(c) and Section 3.5(b)(i) of this Series Supplement), and (ii) such insufficiency, and deposit such withdrawn amounts in the Series 2009-1 Distribution Account on the Legal Final Payment Date. The Trustee shall withdraw such amounts from the Series 2009-1 Reserve Account and deposit such amounts in the Series 2009-1 Distribution Account on or prior to the Legal Final Payment Date.56

Appears in 1 contract

Samples: Third Amended and Restated Series 2009 1 Supplement (Hertz Global Holdings Inc)

Reserve Account Withdrawal. If the amount to be deposited in the Series 20092008-1 Distribution Account in accordance with Section 3.5(a) of this Series Supplement with respect to the Legal Final Payment Date together with any amounts to be deposited therein in accordance with Section 3.5(b) of this Series Supplement on the Legal Final Payment Date, in each case, to pay principal of the Series 20092008-1 Notes, is less than the Series 20092008-1 Principal Amount on the Legal Final Payment Date, prior to 10:30 a.m. (New York City time) on the second Business Day prior to the Legal Final Payment Date, the Administrator shall instruct the Trustee to withdraw from the Series 20092008-1 Reserve Account, an amount equal to the lesser of (i) the Series 20092008-1 Available Reserve Account Amount (after giving effect to any withdrawals from the Series 20092008-1 Reserve Account pursuant to Section 3.3(c) and Section 3.5(b)(i) of this Series Supplement), and (ii) such insufficiency, and deposit such withdrawn amounts in the Series 20092008-1 Distribution Account on the Legal Final Payment Date. The Trustee shall withdraw such amounts from the Series 20092008-1 Reserve Account and deposit such amounts in the Series 20092008-1 Distribution Account on or prior to the Legal Final Payment Date.

Appears in 1 contract

Samples: Series Supplement (Hertz Global Holdings Inc)

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Reserve Account Withdrawal. If the amount to be deposited in the Series 20092010-1 2 Distribution Account in accordance with Section 3.5(a9.4(a) of this Series Supplement with respect to the Legal Final Payment Date together with any amounts to be deposited therein in accordance with Section 3.5(b9.4(b) of this Series Supplement on the Legal Final Payment Date, in each case, to pay principal of the Series 20092010-1 2 Notes, is less than the Series 20092010-1 2 Principal Amount on the Legal Final Payment Date, prior to 10:30 a.m. (New York City time) on the second Business Day prior to the Legal Final Payment Date, the Series 2010-2 Administrator shall instruct the Trustee to withdraw from the Series 20092010-1 2 Reserve Account, an amount equal to the lesser of (i) the Series 20092010-1 2 Available Reserve Account Amount (after giving effect to any withdrawals from the Series 20092010-1 2 Reserve Account pursuant to Section 3.3(c9.2(c) and Section 3.5(b)(i9.4(b)(i) of this Series Supplement), and (ii) such insufficiency, and deposit such withdrawn amounts in the Series 20092010-1 2 Distribution Account on the Legal Final Payment Date. The Trustee shall withdraw such amounts from the Series 20092010-1 2 Reserve Account and deposit such amounts in the Series 20092010-1 2 Distribution Account on or prior to the Legal Final Payment Date.

Appears in 1 contract

Samples: Supplement to Base Indenture (Hertz Global Holdings Inc)

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