Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution Dates, shall be referred to as the “Class A Shortfall”. Interest shall accrue on the Class A Shortfall at the Class A Note Rate.
Appears in 38 contracts
Samples: Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) 4. If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution Dates, shall be referred to as the “Class A Shortfall”. Interest shall accrue on the Class A Shortfall at the Class A Note Rate.
Appears in 6 contracts
Samples: Amended and Restated Series 2013 1 Supplement (Avis Budget Group, Inc.), Amended and Restated Series 2012 3 Supplement (Avis Budget Group, Inc.), Amended and Restated Series 2011 3 Supplement (Avis Budget Group, Inc.)
Shortfalls. (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution Dates, shall be referred to as the “Class A Shortfall”. Interest shall accrue on the Class A Shortfall at the Class A Note Rate.to
Appears in 3 contracts
Samples: Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.), Series Supplement (Avis Budget Group, Inc.)
