Non-Extending Noteholder Payments. On October 31, 2017, (i) HVF II shall pay or cause to be paid to the Non-Extending Noteholder (A) the Class A Investor Group Principal Amount with respect to the Non-Extending Noteholder as of such date and (B) any accrued and unpaid interest and fees with respect to the Non-Extending Noteholder as of such date, (ii) the Class A Maximum Investor Group Principal Amount with respect to the Non-Extending Noteholder shall be permanently reduced to zero, (iii) upon the payment of the amounts required pursuant to clause (i) of this sentence, the Non-Extending Noteholder shall surrender its Class A Note to the Trustee for cancellation, (iv) notwithstanding anything herein to the contrary, HVF II may use the proceeds of any Class A Advances and/or Class B Advances received on October 31, 2017, to make the payments to the Non-Extending Noteholder required pursuant to clause (i) of this sentence and (v) the Administrative Agent shall revise Schedule II to remove the Non-Extending Noteholder, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B Noteholder. Upon the payments required pursuant to clause (i) of the preceding sentence, the Non-Extending Noteholder and its related Class A Investor Group shall cease to be a party to this Series Supplement.
Appears in 1 contract
Sources: Third Amended and Restated Series 2013 B Supplement (Hertz Corp)
Non-Extending Noteholder Payments. On October 31, 2017, (i) HVF II shall pay or cause to be paid to the Non-Extending Noteholder (A) the Class A Investor Group Principal Amount with respect to the Non-Extending Noteholder as of such date and (B) any accrued and unpaid interest and fees with respect to the Non-Extending Noteholder as of such date, (ii) the Class A Maximum Investor Group Principal Amount with respect to the Non-Extending Noteholder shall be permanently reduced to zero, (iii) upon the payment of the amounts required pursuant to clause (i) of this sentence, the Non-Extending Noteholder shall surrender its Class A Note to the Trustee for cancellation, (iv) notwithstanding anything herein to the contrary, HVF II may use the proceeds of any Class A Advances and/or Class B Advances received on October 31, 2017, to make the payments to the Non-Extending Noteholder required pursuant to clause (i) of this sentence and (v) the Administrative Agent shall revise Schedule II to remove the Non-Extending Noteholder, which revision, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-B A Noteholder. Upon the payments required pursuant to clause (i) of the preceding sentence, the Non-Extending Noteholder and its related Class A Investor Group shall cease to be a party to this Series Supplement.. WEIL:\96021878\3\52399.0016
Appears in 1 contract
Sources: Third Amended and Restated Series 2013 a Supplement (Hertz Corp)