Avis 2006 Annual Report Download - page 139

as specified therein, and (b) if the Series 2005-2 Cash Collateral Account has been established and funded pursuant to Section 2.8, the Series
2005-2 Available Cash Collateral Account Amount on such date.
“ Series 2005-2 Letter of Credit Provider ” means the issuer of a Series 2005-2 Letter of Credit.
“ Series 2005-2 Letter of Credit Termination Date ” means the first to occur of (a) the date on which the Series 2005-2 Notes are
fully paid and the Surety Provider has been paid all Surety Provider Fees and all other Surety Provider Reimbursement Amounts then due,
(b) the Series 2005-2 Termination Date and (c) such earlier date consented to by the Surety Provider and the Rating Agencies, which consent
by the Surety Provider shall be in writing.
“ Series 2005-2 Limited Liquidation Event of Default ” means, so long as such event or condition continues, any event or condition
of the type specified in clauses (a) through (j) of Article III; provided , however , that any event or condition of the type specified in clauses
(a) through (e) and (h) through (j) of Article III shall not constitute a Series 2005-2 Limited Liquidation Event of Default if (i) within such
thirty (30) day period, such Amortization Event shall have been cured and, after such cure of such Amortization Event is provided for, the
Trustee shall have received the written consent of the Surety Provider waiving the occurrence of such Series 2005-2 Limited Liquidation Event
of Default or (ii) the Trustee shall have received the written consent of the Surety Provider waiving the occurrence of such Series 2005-2
Limited Liquidation Event of Default.
“ Series 2005-2 Liquidity Amount ” means, as of any date of determination, the sum of (a) the Series 2005-2 Letter of Credit
Liquidity Amount on such date and (b) the Series 2005-2 Available Reserve Account Amount on such date.
“ Series 2005-2 Maximum Aggregate Kia/Isuzu/Subaru/Hyundai/Suzuki Amount ”
means, as of any day, with respect to Kia, Isuzu,
Subaru, Hyundai and Suzuki, in the aggregate, an amount equal to 15% of the aggregate Net Book Value of all Vehicles leased under the
Leases on such day or such lesser percentage as may be agreed to in writing by CRCF and the Surety Provider of the aggregate Net Book
Value of all Vehicles leased under the Leases on such day.
“ Series 2005-2 Maximum Amount ” means any of the Series 2005-2 Maximum Manufacturer Amounts, the Series 2005-2
Maximum Non-Eligible Manufacturer Amount, the Series 2005-2 Maximum Non-Program Vehicle Amount or the Series 2005-2 Maximum
Specified States Amount.
“ Series 2005-2 Maximum Individual Kia/Isuzu/Subaru/Hyundai/Suzuki Amount ”
means, as of any day, with respect to Kia, Isuzu,
Subaru, Hyundai or Suzuki, individually, an amount equal to 5% of the aggregate Net Book Value of all Vehicles leased under the Leases on
such day.
“ Series 2005-2 Maximum Manufacturer Amount ” means, as of any day, any of the Series 2005-2 Maximum Mitsubishi Amount,
the Series 2005-2 Maximum Individual Kia/Isuzu/Subaru/Hyundai/Suzuki Amount or the Series 2005-2 Maximum Aggregate
Kia/Isuzu/Subaru/Hyundai/Suzuki Amount.
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