Common use of Shortfalls Clause in Contracts

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 1997-1 Monthly Interest on any Distribution Date, payments of interest to the Series 1997-1 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 1997-1

Appears in 1 contract

Samples: Series Supplement (Avis Group Holdings Inc)

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Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19971998-1 Monthly Interest on any Distribution Date, payments of interest to the Series 19971998-1 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 19971998-1

Appears in 1 contract

Samples: Series Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972005-1 2 Monthly Interest on any Distribution Date, payments of interest to the Series 19972005-1 2 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 19972005-12 Shortfall.” Interest shall accrue on any Series 2005-2 Shortfall at the Series 2005-2 Note Rate.

Appears in 1 contract

Samples: Series 2005 2 Supplement (Avis Budget Group, Inc.)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972000-1 3 Monthly Interest on any Distribution Date, payments of interest to the Series 19972000-1 3 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 19972000-13 Shortfall." Interest shall accrue on any Series 2000-3 Shortfall at the Series 2000-3 Note Rate.

Appears in 1 contract

Samples: Series 2000 3 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972002-1 Monthly Interest on any Distribution Date, payments of interest to the Series 19972002-1 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 19972002-1

Appears in 1 contract

Samples: Series 2002 1 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972001-1 Monthly Interest on any Distribution Date, payments of interest to the Series 19972001-1 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 19972001-1

Appears in 1 contract

Samples: Amended and Restated Series 2001 1 Supplement (Avis Group Holdings Inc)

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Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972005-1 Monthly Interest on any Distribution Date, payments of interest to the Series 19972005-1 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 19972005-1

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972003-1 4 Monthly Interest on any Distribution Date, payments of interest to the Series 19972003-1 4 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 1997SERIES 2003-14

Appears in 1 contract

Samples: Series 2003 4 Supplement (Avis Group Holdings Inc)

Shortfalls. If the amounts described in Section 2.3 are insufficient to pay the Series 19972003-1 2 Monthly Interest on any Distribution Date, payments of interest to the Series 19972003-1 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 1997SERIES 2003-12

Appears in 1 contract

Samples: Series 2003 2 Supplement (Avis Group Holdings Inc)

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