Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, and notwithstanding the prior distribution to the Series 2001-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 2001-1 Noteholders of the full principal amount of the Series 2001-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date to the Series 2001-1 Noteholders to the extent of the sufficiency of recoveries, proceeds, or other assets of the Issuer allocable at any time to the Series 2001-1 Notes, and (ii) any deficiency in such full principal amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest.
Appears in 1 contract
Sources: Rental Car Asset Backed Notes (Dollar Thrifty Automotive Group Inc)
Deficiencies in Payments. Notwithstanding anything in this Supplement or the Base Indenture to the contrary, and notwithstanding the prior distribution to the Series 20012002-1 Noteholders of the Invested Amount, any deficiency in payment to the Series 20012002-1 Noteholders of the full principal amount of the Series 20012002-1 Notes and any accrued and unpaid interest thereon (i) shall remain due and shall be payable on each Payment Date to the Series 20012002-1 Noteholders to the extent of the sufficiency of recoveries, proceeds, or other assets of the Issuer RCFC allocable at any time to the Series 20012002-1 Notes, and (ii) any deficiency in such full principal amount and accrued unpaid interest thereon shall be paid before any distribution in any period of any amounts in respect of the Retained Interest.
Appears in 1 contract
Sources: Series Supplement (Dollar Thrifty Automotive Group Inc)