Avis 2006 Annual Report Download - page 142

“ Series 2005-2 Repurchase Amount ” is defined in Section 6.1.
“ Series 2005-2 Required AESOP I Operating Lease Vehicle Amount ” means, as of any date of determination, the sum of the
Series 2005-2 Invested Amount and the Series 2005-2 Required Overcollateralization Amount as of such date.
“ Series 2005-2 Required Enhancement Amount ” means, as of any date of determination, the sum of (i) the product of the Series
2005-2 Required Enhancement Percentage as of such date and the Series 2005-2 Invested Amount as of such date, (ii) the Series 2005-2
AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the Non-
Program Vehicle
Amount as of such date over the Series 2005-2 Maximum Non-Program Vehicle Amount as of such date, (iii) the Series 2005-2 AESOP I
Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the aggregate Net Book Value of
all Vehicles manufactured by Mitsubishi and leased under the Leases as of such date over the Series 2005-2 Maximum Mitsubishi Amount as
of such date, (iv) the Series 2005-2 AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess,
if any, of the aggregate Net Book Value of all Vehicles manufactured by Kia, Isuzu, Subaru, Hyundai or Suzuki, individually, and leased under
the Leases as of such date over the Series 2005-2 Maximum Individual Kia/Isuzu/Subaru/ Hyundai/Suzuki Amount as of such date, (v) the
Series 2005-2 AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the
aggregate Net Book Value of all Vehicles manufactured by Kia, Isuzu, Subaru, Hyundai or Suzuki, in the aggregate, and leased under the
Leases as of such date over the Series 2005-2 Maximum Aggregate Kia/Isuzu/Subaru/Hyundai/Suzuki Amount as of such date, (vi) the Series
2005-2 AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the Specified
States Amount as of such date over the Series 2005-2 Maximum Specified States Amount as of such date and (vii) the Series 2005-2 AESOP I
Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the Non-Eligible Manufacturer
Amount as of such date over the Series 2005-2 Maximum Non-Eligible Manufacturer Amount as of such date.
“ Series 2005-2 Required Enhancement Percentage ” means, as of any date of determination, the sum of (i) the product of
(A) 14.75% and (B) the Series 2005-2 Program Vehicle Percentage as of such date and (ii) the product of (A) the Series 2005-2 Required Non-
Program Enhancement Percentage as of such date and (B) the Series 2005-2 Non-Program Vehicle Percentage as such date.
“ Series 2005-2 Required Liquidity Amount ” means, as of any date of determination, an amount equal to the product of 3.25% and
the Series 2005-2 Invested Amount as of such date.
“ Series 2005-2 Required Non-Program Enhancement Percentage ” means, as of any date of determination, the greater of
(a) 20.25% and (b) the sum of (i) 20.25% and (ii) the highest, for any calendar month within the preceding twelve calendar months, of the
greater of (x) an amount (not less than zero) equal to 100% minus the Measurement Month Average for the immediately preceding
Measurement Month and (y) an amount (not less than zero) equal to 100% minus the Market Value Average as of the Determination Date
within such calendar month (excluding the Market Value Average for any Determination Date which has not yet occurred).
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