Common use of Voluntary Decreases Clause in Contracts

Voluntary Decreases. Upon at least three (3) Business Days’ prior irrevocable notice to the Administrative Agent and the Trustee in writing the Issuer may voluntarily prepay all or a portion of the Series 2010-3 Invested Amount in accordance with the procedures set forth herein (each reduction of the Series 2010-3 Invested Amount pursuant to this Section 4A.3(b), a “Voluntary Decrease”); provided, that all Voluntary Decreases pursuant to this Section 4A.3(b) shall be allocated such that the Series 2010-3 Enhancement Amount after giving effect to such Decrease is not less than the Series 2010-3 Minimum Enhancement Amount. Each such Decrease shall be, in the aggregate for all Series 2010-3 Notes, in a minimum principal amount of $1,000,000 and increments of $100,000 in excess thereof (or, if less, in the amount of the then-outstanding Series 2010-3 Invested Amount).

Appears in 2 contracts

Samples: Amended and Restated Series Supplement (Dollar Thrifty Automotive Group Inc), Series Supplement (Dollar Thrifty Automotive Group Inc)

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Voluntary Decreases. Upon at least three (3) Business Days’ prior irrevocable notice to the Administrative Agent and the Trustee in writing the Issuer may voluntarily prepay all or a portion of the Series 2010-3 1 Invested Amount in accordance with the procedures set forth herein (each reduction of the Series 2010-3 1 Invested Amount pursuant to this Section 4A.3(b), a “Voluntary Decrease”); provided, that all Voluntary voluntary Decreases pursuant to this Section 4A.3(b) shall be allocated such that the Series 2010-3 1 Enhancement Amount after giving effect to such Decrease is not less than the Series 2010-3 1 Minimum Enhancement Amount. Each such Decrease shall be, in the aggregate for all Series 2010-3 1 Notes, in a minimum principal amount of $1,000,000 and increments of $100,000 in excess thereof (or, if less, in the amount of the then-outstanding Series 2010-3 1 Invested Amount).

Appears in 2 contracts

Samples: Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc), Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc)

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Voluntary Decreases. Upon at least three (3) Business Days' prior irrevocable notice to the Administrative Agent Note Purchaser and the Trustee in writing writing, the Issuer may voluntarily prepay all or a portion of the Series 20101998-3 1 Invested Amount in accordance with the procedures set forth herein (each reduction of the Series 20101998-3 1 Invested Amount pursuant to this Section 4A.3(b), a "Voluntary Decrease"); provided, that all Voluntary voluntary Decreases pursuant to this Section 4A.3(b) shall be allocated such that (1) the Series 2010-3 Enhancement Amount after giving effect to such Decrease is not less than the Series 2010-3 Minimum Enhancement Amount. Each such Decrease shall be, in the aggregate for all Series 20101998-3 1 Notes, in a minimum principal amount of $1,000,000 and increments 100,000. The Note Purchaser shall promptly advise the Liquidity Agent of $100,000 in excess thereof (or, if less, in the amount of the then-outstanding Series 2010-3 Invested Amountany notice given pursuant to this Section 4A.3(b).

Appears in 1 contract

Samples: Amended and Restated Series 1998 1 Supplement (Dollar Thrifty Automotive Group Inc)

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