Avis 2006 Annual Report Download - page 135

“ Series 2005-2 Cash Collateral Percentage ” means, as of any date of determination, the percentage equivalent of a fraction, the
numerator of which is the Series 2005-2 Available Cash Collateral Amount as of such date and the denominator of which is the Series 2005-2
Letter of Credit Liquidity Amount as of such date.
“ Series 2005-2 Closing Date ” means March 22, 2005.
“ Series 2005-2 Collateral ” means the Collateral, each Series 2005-2 Letter of Credit, each Series 2005-2 Demand Note, the Series
2005-2 Distribution Account Collateral, the Series 2005-2 Interest Rate Swap Collateral, the Series 2005-2 Cash Collateral Account Collateral
and the Series 2005-2 Reserve Account Collateral.
“ Series 2005-2 Collection Account ” is defined in Section 2.1(b).
“ Series 2005-2 Controlled Amortization Amount ” means (i) with respect to any Related Month during the Series 2005-2
Controlled Amortization Period other than the Related Month immediately preceding the Series 2005-2 Expected Final Distribution Date,
$41,666,666.66 and (ii) with respect to the Related Month immediately preceding the Series 2005-2 Expected Final Distribution Date,
$41,666,666.70.
“ Series 2005-2 Controlled Amortization Period ” means the period commencing at the opening of business on November 1, 2011
(or, if such day is not a Business Day, the Business Day immediately preceding such day) and continuing to the earliest of (i) the
commencement of the Series 2005-2 Rapid Amortization Period, (ii) the date on which the Series 2005-2 Notes are fully paid and (iii) the
termination of the Indenture.
“ Series 2005-2 Controlled Distribution Amount ” means, with respect to any Related Month during the Series 2005-2 Controlled
Amortization Period, an amount equal to the sum of the Series 2005-2 Controlled Amortization Amount and any Series 2005-2 Carryover
Controlled Amortization Amount for such Related Month.
“ Series 2005-2 Demand Note ” means each demand note made by a Demand Note Issuer, substantially in the form of Exhibit C
, as
amended, modified or restated from time to time.
“ Series 2005-2 Demand Note Payment Amount ” means, as of the Series 2005-2 Letter of Credit Termination Date, the aggregate
amount of all proceeds of demands made on the Series 2005-2 Demand Notes pursuant to Section 2.5(b) or (c) that were deposited into the
Series 2005-2 Distribution Account and paid to the Series 2005-2 Noteholders during the one year period ending on the Series 2005-2 Letter of
Credit Termination Date; provided , however , that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the
definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred
during such one year period, the Series 2005-2 Demand Note Payment Amount as of the Series 2005-2 Letter of Credit Termination Date shall
equal the Series 2005-2 Demand Note Payment Amount as if it were calculated as of the date of such occurrence.
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