Avis 2006 Annual Report Download - page 136

“ Series 2005-2 Deposit Date ” is defined in Section 2.2.
“ Series 2005-2 Distribution Account ” is defined in Section 2.9(a).
“ Series 2005-2 Distribution Account Collateral ” is defined in Section 2.9(d).
“ Series 2005-2 Eligible Letter of Credit Provider ” means a person satisfactory to CCRG, the Demand Note Issuers and the Surety
Provider and having, at the time of the issuance of the related Series 2005-2 Letter of Credit, a long-term senior unsecured debt rating (or the
equivalent thereof in the case of Moody’s or Standard & Poor’s, as applicable) of at least “A+” from Standard & Poor’s and at least “Al” from
Moody’s and a short-term senior unsecured debt rating of at least “A-1” from Standard & Poor’s and “P-1” from Moody’s that is (a) a
commercial bank having total assets in excess of $500,000,000, (b) a finance company, insurance company or other financial institution that in
the ordinary course of business issues letters of credit and has total assets in excess of $200,000,000 or (c) any other financial institution;
provided , however , that if a person is not a Series 2005-2 Letter of Credit Provider (or a letter of credit provider under the Supplement for any
other Series of Notes), then such person shall not be a Series 2005-2 Eligible Letter of Credit Provider until CRCF has provided 10 days’ prior
notice to the Rating Agencies that such person has been proposed as a Series 2005-2 Letter of Credit Provider.
“ Series 2005-2 Enhancement ” means the Series 2005-2 Cash Collateral Account Collateral, the Series 2005-2 Letters of Credit,
the Series 2005-2 Demand Notes, the Series 2005-2 Overcollateralization Amount and the Series 2005-2 Reserve Account Amount.
“ Series 2005-2 Enhancement Amount ” means, as of any date of determination, the sum of (i) the Series 2005-2
Overcollateralization Amount as of such date, (ii) the Series 2005-2 Letter of Credit Amount as of such date, (iii) the Series 2005-2 Available
Reserve Account Amount as of such date and (iv) the amount of cash and Permitted Investments on deposit in the Series 2005-2 Collection
Account (not including amounts allocable to the Series 2005-2 Accrued Interest Account) and the Series 2005-2 Excess Collection Account as
of such date.
“ Series 2005-2 Enhancement Deficiency ” means, on any date of determination, the amount by which the Series 2005-2
Enhancement Amount is less than the Series 2005-2 Required Enhancement Amount as of such date.
“ Series 2005-2 Excess Collection Account ” is defined in Section 2.1(b).
“ Series 2005-2 Expected Final Distribution Date ” means the May 2012 Distribution Date.
“ Series 2005-2 Final Distribution Date ” means the May 2013 Distribution Date.
“ Series 2005-2 Initial Invested Amount ” means the aggregate initial principal amount of the Series 2005-2 Notes, which is
$250,000,000.
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