Avis 2006 Annual Report Download - page 134

denominator of which is 360 and (ii) any amount described in clause (b)(i) with respect to a prior Distribution Date that remains unpaid as of
such Distribution Date (together with any accrued interest on such amount).
“ Series 2005-2 AESOP I Operating Lease Loan Agreement Borrowing Base ” means, as of any date of determination, the product
of (a) the Series 2005-2 AESOP I Operating Lease Vehicle Percentage as of such date and (b) the AESOP I Operating Lease Loan Agreement
Borrowing Base as of such date.
“ Series 2005-2 AESOP I Operating Lease Vehicle Percentage ” means, as of any date of determination, a fraction, expressed as a
percentage (which percentage shall never exceed 100%), the numerator of which is the Series 2005-2 Required AESOP I Operating Lease
Vehicle Amount as of such date and the denominator of which is the sum of the Required AESOP I Operating Lease Vehicle Amounts for all
Series of Notes as of such date.
“ Series 2005-2 Agent ” is defined in the recitals hereto.
“ Series 2005-2 Available Cash Collateral Account Amount ” means, as of any date of determination, the amount on deposit in the
Series 2005-2 Cash Collateral Account (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date).
“ Series-2005-2 Available Reserve Account Amount ” means, as of any date of determination, the amount on deposit in the Series
2005-2 Reserve Account (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date).
“ Series 2005-2 Carryover Controlled Amortization Amount ” means, with respect to any Related Month during the Series 2005-2
Controlled Amortization Period, the amount, if any, by which the Monthly Total Principal Allocation for the previous Related Month was less
than the Series 2005-2 Controlled Distribution Amount for the previous Related Month; provided , however
, that for the first Related Month in
the Series 2005-2 Notes Controlled Amortization Period, the Series 2005-2 Carryover Controlled Amortization Amount shall be zero.
“ Series 2005-2 Cash Collateral Account ” is defined in Section 2.8(f).
“ Series 2005-2 Cash Collateral Account Collateral ” is defined in Section 2.8(a).
“ Series 2005-2 Cash Collateral Account Surplus ” means, with respect to any Distribution Date, the lesser of (a) the Series 2005-2
Available Cash Collateral Account Amount and (b) the lesser of (A) the excess, if any, of the Series 2005-2 Liquidity Amount (after giving
effect to any withdrawal from the Series 2005-2 Reserve Account on such Distribution Date) over the Series 2005-2 Required Liquidity
Amount on such Distribution Date and (B) the excess, if any, of the Series 2005-2 Enhancement Amount (after giving effect to any withdrawal
from the Series 2005-2 Reserve Account on such Distribution Date) over the Series 2005-2 Required Enhancement Amount on such
Distribution Date; provided , however that, on any date after the Series 2005-2 Letter of Credit Termination Date, the Series 2005-2 Cash
Collateral Account Surplus shall mean the excess, if any, of (x) the Series 2005-2 Available Cash Collateral Account Amount over (y) the
Series 2005-2 Demand Note Payment Amount minus the Pre-Preference Period Demand Note Payments as of such date.
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