Common use of Termination of Class A/B Reserve Account Clause in Contracts

Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 2012-2 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 20122011-2 5 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 20122011-2 3 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 20122013-2 1 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 2012-2 3 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Termination of Class A/B Reserve Account. Upon On or after the termination of date on which the Indenture pursuant to Section 11.1 of the Base IndentureSeries 2011-1 Notes are paid in full, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 2012-2 Noteholders and payable from the Class A/B Reserve Account as provided herein, Administrator shall withdraw from the Class A/B Reserve Account all remaining amounts on deposit therein for payment and pay such amounts to ABRCFHVF.

Appears in 1 contract

Samples: Indenture (Hertz Global Holdings Inc)

Termination of Class A/B Reserve Account. Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 20122013-2 Noteholders and payable from the Class A/B Reserve Account as provided herein, shall withdraw from the Class A/B Reserve Account all amounts on deposit therein for payment to ABRCF.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Termination of Class A/B Reserve Account. Upon On or after the termination of date on which the Indenture pursuant to Section 11.1 of the Base IndentureSeries 2013-1 Notes are paid in full, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 2012-2 Noteholders and payable from the Class A/B Reserve Account as provided herein, Administrator shall withdraw from the Class A/B Reserve Account all remaining amounts on deposit therein for payment and pay such amounts to ABRCFHVF.

Appears in 1 contract

Samples: Cinelease, LLC

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