Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 2007-2 Monthly Interest on any Distribution Date, payments of interest to the Series 2007-2 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 shall be referred to as the “Series 2007-2 Shortfall.” Interest shall accrue on the Series 2007-2 Shortfall at the Series 2007-2 Note Rate.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20071998-2 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20071998-2 1 Noteholders will be reduced on a pro rata PRO RATA basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the “"Series 20071998-2 Shortfall.” Interest shall accrue on the Series 2007-2 Shortfall at the Series 2007-2 Note Rate.1
Appears in 1 contract
Samples: Avis Group Holdings Inc
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20072005-2 Monthly Interest on any Distribution Date, payments of interest to the Series 20072005-2 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 shall be referred to as the “Series 20072005-2 Shortfall.” Interest shall accrue on the any Series 20072005-2 Shortfall at the Series 20072005-2 Note Rate.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20072005-2 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20072005-2 1 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 shall be referred to as the “Series 20072005-2 Shortfall.” Interest shall accrue on the Series 2007-2 Shortfall at the Series 2007-2 Note Rate.1
Appears in 1 contract
Samples: Cendant Corp
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20072009-2 Monthly Interest on any Distribution Date, payments of interest to the Series 20072009-2 Noteholders will be reduced on a pro rata prorata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the “Series 2007-2 Shortfall.” Interest shall accrue on the Series 2007-2 Shortfall at the Series 2007-2 Note Rate.the
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 4.3 are insufficient to pay the Series 20072010-2 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20072010-2 1 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 shall be referred to as the “Series 20072010-2 Shortfall.” Interest shall accrue on the Series 2007-2 Shortfall at the Series 2007-2 Note Rate.1
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20072009-2 1 Monthly Interest on any Distribution Date, payments of interest to the Series 20072009-2 1 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 shall be referred to as the “Series 20072009-2 1 Shortfall.” Interest shall accrue on the Series 20072009-2 1 Shortfall at the Series 20072009-2 1 Note Rate.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 20072005-2 Monthly Interest on any Distribution Date, payments of interest to the Series 20072005-2 Noteholders will be reduced on a pro rata prorata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the “Series 20072005-2 Shortfall.” Interest shall accrue on the Series 20072005-2 Shortfall at the Series 20072005-2 Note Rate.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Shortfalls. If the amounts described in Section 2.3 are insufficient insufficient to pay the Series 20072006-2 1 Monthly Interest on any Distribution Distribution Date, payments of interest to the Series 20072006-2 1 Noteholders will be reduced on a pro rata prorata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date shall be referred to as the “Series 20072006-2 1 Shortfall.” Interest shall accrue on the Series 20072006-2 1 Shortfall at the Series 20072006-2 1 Note Rate.
Appears in 1 contract
Samples: Cendant Corp