Avis 2006 Annual Report Download - page 143

“ Series 2005-2 Required Overcollateralization Amount ” means, as of any date of determination, the excess, if any, of the Series
2005-2 Required Enhancement Amount over the sum of (i) the Series 2005-2 Letter of Credit Amount as of such date, (ii) the Series 2005-2
Available Reserve Account Amount on such date and (iii) 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 on such date.
“ Series 2005-2 Required Reserve Account Amount ”
means, for any date of determination, an amount equal to the greater of (a) the
excess, if any, of the Series 2005-2 Required Liquidity Amount as of such date over the Series 2005-2 Letter of Credit Liquidity Amount as of
such date and (b) the excess, if any, of the Series 2005-2 Required Enhancement Amount over the Series 2005-2 Enhancement Amount
(excluding therefrom the Series 2005-2 Available Reserve Account Amount and calculated after giving effect to any payments of principal to
be made on the Series 2005-2 Notes) as of such date.
“ Series 2005-2 Reserve Account ” is defined in Section 2.7(a).
“ Series 2005-2 Reserve Account Collateral ” is defined in Section 2.7(d).
“ Series 2005-2 Reserve Account Surplus ” means, with respect to any Distribution Date, the excess, if any, of the Series 2005-2
Available Reserve Account Amount over the Series 2005-2 Required Reserve Account Amount on such Distribution Date.
“ Series 2005-2 Revolving Period ” means, the period from and including the Series 2005-2 Closing Date to the earlier of (i) the
commencement of the Series 2005-2 Controlled Amortization Period and (ii) the commencement of the Series 2005-2 Rapid Amortization
Period.
“ Series 2005-2 Shortfall ” is defined in Section 2.3(g).
“ Series 2005-2 Termination Date ” means the May 2013 Distribution Date.
“ Series 2005-2 Trustee’s Fees ” means, for any Distribution Date during the Series 2005-2 Rapid Amortization Period on which
there exists a Series 2005-2 Lease Interest Payment Deficit, a portion of the fees payable to the Trustee in an amount equal to the product of
(i) the Series 2005-2 Percentage as of the beginning of the Series 2005-2 Interest Period ending on the day preceding such Distribution Date
and (ii) the fees owing to the Trustee under the Indenture; provided that the Series 2005-2 Trustee’s Fees in the aggregate for all Distribution
Dates shall not exceed 1.1% of the Series 2005-2 Required AESOP I Operating Lease Vehicle Amount as of the last day of the Series 2005-2
Revolving Period.
“ Series 2005-2 Unpaid Demand Amount ” means, with respect to any single draw pursuant to Section 2.5(c) or (d) on the Series
2005-2 Letters of Credit, the aggregate amount drawn by the Trustee on all Series 2005-2 Letters of Credit.
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