Common use of Sharing Collections Clause in Contracts

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 1998-1 Notes on a Payment Date are not needed to make payments of principal to Series 1998-1 Noteholders or required to be deposited in the Series 1998-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 1998-1 Notes.

Appears in 3 contracts

Samples: Second Amended and Restated Series 1998 1 Supplement (Dollar Thrifty Automotive Group Inc), Supplement to Base Indenture (Dollar Thrifty Automotive Group Inc), Amended and Restated Series 1998 1 Supplement (Dollar Thrifty Automotive Group Inc)

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Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982010-1 Notes on or before a Payment Date are not needed to make payments of principal to Series 19982010-1 Noteholders or required to be deposited in the Series 19982010-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II V Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance of the Series 2010-1 Notes or in the Invested Amount of the Series 19982010-1 NotesInvested Amount.

Appears in 2 contracts

Samples: Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc), Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982000-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982000-1 Noteholders or required to be deposited in the Series 19982000-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982000-1 Notes.

Appears in 2 contracts

Samples: Amended and Restated Series 2000 1 Supplement (Dollar Thrifty Automotive Group Inc), Supplement to Base Indenture (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982007-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982007-1 Noteholders or required to be deposited in the Series 19982007-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II IV Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982007-1 NotesInvested Amount.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 1998-1 1997 1/N1 Notes on a Payment Date are not needed to make payments of principal to Series 1998-1 1997 1/N1 Noteholders or required to be deposited in the Series 1998-1 1997 1/N1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II I Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 1998-1 1997 1/N1 Notes.

Appears in 1 contract

Samples: Rental Car Asset Backed Notes (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19981999-1 Notes on a Payment Date are not needed to make payments of principal to Series 19981999-1 Noteholders or required to be deposited in the Series 1998-1 Class A Distribution Account, the Class B Distribution Account, the Class C Distribution Account or the Class D Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II I Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19981999-1 Notes.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982002-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982002-1 Noteholders or required to be deposited in the Series 19982002-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II III Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982002-1 NotesInvested Amount.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

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Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982005-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982005-1 Noteholders or required to be deposited in the Series 19982005-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II III Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982005-1 NotesInvested Amount.

Appears in 1 contract

Samples: Supplement to Base Indenture (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982006-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982006-1 Noteholders or required to be deposited in the Series 19982006-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II IV Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982006-1 NotesInvested Amount.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982001-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982001-1 Noteholders or required to be deposited in the Series 19982001-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II Grou III Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982001-1 NotesInvested Amount.

Appears in 1 contract

Samples: Rental Car Asset Backed Notes (Dollar Thrifty Automotive Group Inc)

Sharing Collections. To the extent that Principal Collections that are allocated to the Series 19982004-1 Notes on a Payment Date are not needed to make payments of principal to Series 19982004-1 Noteholders or required to be deposited in the Series 19982004-1 Distribution Account on such Payment Date, such Principal Collections may, at the written direction of the Master Servicer, be applied to cover principal payments due to or for the benefit of Noteholders of other Group II III Series of Notes. Any such reallocation will not result in a reduction of the Aggregate Principal Balance or in the Invested Amount of the Series 19982004-1 NotesInvested Amount.

Appears in 1 contract

Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)

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