Avis 2006 Annual Report Download - page 141

“ Series 2005-2 Note Owner ” means each beneficial owner of a Series 2005-2 Note.
“ Series 2005-2 Note Rate ” means, for (i) the initial Series 2005-2 Interest Period, 3.05% per annum and (ii) any other Series 2005-
2 Interest Period, the sum of 0.20% plus LIBOR for such Series 2005-2 Interest Period.
“ Series 2005-2 Notes ” means any one of the Series 2005-2 Floating Rate Rental Car Asset Backed Notes, executed by CRCF and
authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-1 , Exhibit A-2 or Exhibit A-3 . Definitive Series 2005-2
Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.
“ Series 2005-2 Outstanding Principal Amount ” means, when used with respect to any date, an amount equal to (a) the Series 2005-
2 Initial Invested Amount minus (b) the amount of principal payments made to Series 2005-2 Noteholders on or prior to such date.
“ Series 2005-2 Overcollateralization Amount ”
means (i) as of any date on which no AESOP I Operating Lease Vehicle Deficiency
exists, the Series 2005-2 Required Overcollateralization Amount as of such date and (ii) as of any date on which an AESOP I Operating Lease
Vehicle Deficiency exists, the excess, if any, of (x) the Series 2005-2 AESOP I Operating Lease Loan Agreement Borrowing Base as of such
date over (y) the Series 2005-2 Invested Amount as of such date.
“ Series 2005-2 Past Due Rent Payment ” is defined in Section 2.2(g).
“ Series 2005-2 Percentage ” means, as of any date of determination, a fraction, expressed as a percentage, the numerator of which
is the Series 2005-2 Invested Amount as of such date and the denominator of which is the Aggregate Invested Amount as of such date.
“ Series 2005-2 Principal Allocation ” is defined in Section 2.2(a)(ii).
“ Series 2005-2 Program Vehicle Percentage ” means, as of any date of determination, 100% minus the Series 2005-2 Non-
Program
Vehicle Percentage.
“ Series 2005-2 Rapid Amortization Period ” means the period beginning at the close of business on the Business Day immediately
preceding the day on which an Amortization Event is deemed to have occurred with respect to the Series 2005-2 Notes and ending upon the
earliest to occur of (i) the date on which the Series 2005-2 Notes are fully paid, the Surety Provider has been paid all Surety Provider Fees and
all other Surety Provider Reimbursement Amounts then due and the Series 2005-2 Interest Rate Swaps have been terminated and there are no
amounts due and owing thereunder, (ii) the Series 2005-2 Termination Date and (iii) the termination of the Indenture.
“ Series 2005-2 Reimbursement Agreement ” means any and each agreement providing for the reimbursement of a Series 2005-2
Letter of Credit Provider for draws under its Series 2005-2 Letter of Credit as the same may be amended, supplemented, restated or otherwise
modified from time to time.
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