Common use of Unallocated Principal Collections Clause in Contracts

Unallocated Principal Collections. If, after giving effect to Section 5.2(d), Principal Collections allocated to any Series on any Distribution Date are in excess of the amount required to be paid in respect of such Series on such Distribution Date, then any such excess Principal Collections shall be allocated to the Retained Distribution Account, to the extent that the Retained Interest Amount, calculated as of such Distribution Date, equals or exceeds zero and such payment will not violate any restriction contained in this Indenture.

Appears in 2 contracts

Samples: Base Indenture (Republic Industries Inc), Base Indenture (Republic Industries Inc)

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Unallocated Principal Collections. If, after giving effect to Section 5.2(d5.2(c), Principal Collections allocated to any Series on any Distribution Date are in excess of the amount required to be paid in respect of such Series on such Distribution Date, then any such excess Principal Collections shall be allocated to the Retained Distribution Account, to the extent that the Retained Interest Amount, calculated AFC-II or such other party as of such Distribution Date, equals or exceeds zero and such payment will not violate may be entitled thereto as set forth in any restriction contained in this IndentureSupplement.

Appears in 2 contracts

Samples: Base Indenture (Avis Rent a Car Inc), Base Indenture (Avis Rent a Car Inc)

Unallocated Principal Collections. If, after giving effect to Section 5.2(d), Principal Collections allocated to any Series on any Distribution Date are in excess of the amount required to be paid in respect of pay such Series on such Distribution Datein full, then then, any such excess Principal Collections shall be allocated to the Retained Team Distribution Account, Account to the extent that the Retained Team Interest Amount, calculated as of such Distribution Date, Amount equals or exceeds zero and such payment will not violate any restriction contained in this Indenturezero.

Appears in 1 contract

Samples: Base Indenture (Team Rental Group Inc)

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Unallocated Principal Collections. If, after giving effect to Section 5.2(d4.2(d), Principal Collections allocated to any Series on any Distribution Payment Date are in excess of the amount required to be paid pay amounts due in respect of such Series on such Distribution DatePayment Date in full, then any such excess Principal Collections shall be allocated to the Retained Distribution Account, Account (to the extent that the Retained Interest Amount, calculated as of such Distribution Date, Amount equals or exceeds zero and such payment will not violate any restriction contained in this Indenturezero).

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

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