Common use of Principal Deficit Amount Clause in Contracts

Principal Deficit Amount. On each Distribution Date on which the Series 2012-1 Principal Deficit Amount is greater than zero or the Administrator determines that there exists a Series 2012-1 Lease Principal Payment Deficit, amounts shall be transferred to the Series 2012-1 Distribution Account as follows:

Appears in 1 contract

Sources: Series Supplement (Avis Budget Group, Inc.)

Principal Deficit Amount. On each Distribution Date on which the Series 20122010-1 Principal Deficit Amount is greater than zero or the Administrator determines that there exists a Series 20122010-1 Lease Principal Payment Deficit, amounts shall be transferred to the Series 20122010-1 Distribution Account as follows:

Appears in 1 contract

Sources: Series 2010 1 Supplement (Avis Budget Group, Inc.)