Common use of Allocations with Respect to the Series Clause in Contracts

Allocations with Respect to the Series. 2010-1 Notes. All allocations in this Section 4.7 will be made in accordance with written direction of the Master Servicer. The proceeds from the sale of the Series 2010-1 Notes (or the initial Increase, as applicable), together with any funds deposited with RCFC by DTAG in its capacity as the Retained Interestholder in connection with such issuance, will, on the Series 2010-1 Closing Date, be deposited by the Trustee into the Group V Collection Account and, concurrently with such initial deposit, allocated by the Trustee to the Series 2010-1 Excess Funding Account. On each Business Day on which Collections are deposited into the Group V Collection Account (each such date, a “Series 2010-1 Deposit Date”), the Master Servicer will direct the Trustee in writing to allocate all amounts deposited into the Group V Collection Account in accordance with the provisions of this Section 4.7:

Appears in 2 contracts

Sources: 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)