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 2010-1 Invested Amount in accordance with the procedures set forth herein (each reduction of the Series 2010-1 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 2010-1 Enhancement Amount after giving effect to such Decrease is not less than the Series 2010-1 Minimum Enhancement Amount. Each such Decrease shall be, in the aggregate for all Series 2010-1 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 2010-1 Invested Amount).

Appears in 2 contracts

Samples: Increases and Decreases (Dollar Thrifty Automotive Group Inc), 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 2010-1 3 Invested Amount in accordance with the procedures set forth herein (each reduction of the Series 2010-1 3 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 2010-1 3 Enhancement Amount after giving effect to such Decrease is not less than the Series 2010-1 3 Minimum Enhancement Amount. Each such Decrease shall be, in the aggregate for all Series 2010-1 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 2010-1 3 Invested Amount).

Appears in 2 contracts

Samples: Increases and Decreases (Dollar Thrifty Automotive Group Inc), Dollar Thrifty Automotive Group Inc

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