Avis 2006 Annual Report Download - page 144

“ Shadow Rating ” means the rating of the Series 2005-2 Notes by Standard & Poor’s or Moody’s, as applicable, without giving
effect to the Surety Bond.
“ Supplement ” is defined in the preamble hereto.
“ Surety Bond ” means the Note Guaranty Insurance Policy No. 05030005, dated March 22, 2005, issued by the Surety Provider.
“ Surety Default ” means (i) the occurrence and continuance of any failure by the Surety Provider to pay upon a demand for
payment in accordance with the requirements of the Surety Bond or (ii) the occurrence of an Event of Bankruptcy with respect to the Surety
Provider.
“ Surety Provider ” means Financial Guaranty Insurance Company, a New York stock insurance company. The Surety Provider
shall constitute an “Enhancement Provider” with respect to the Series 2005-2 Notes for all purposes under the Indenture and the other Related
Documents.
“ Surety Provider Fee ” is defined in the Insurance Agreement.
“ Surety Provider Reimbursement Amounts ” means, as of any date of determination, (i) an amount equal to the aggregate of any
amounts due as of such date to the Surety Provider pursuant to the Insurance Agreement in respect of unreimbursed draws under the Surety
Bond, including interest thereon determined in accordance with the Insurance Agreement, and (ii) an amount equal to the aggregate of any
other amounts due as of such date to the Surety Provider pursuant to the Insurance Agreement.
“ Telerate Page 3750 ” means the display page currently so designated on the Moneyline Telerate Service (or such other page as
may replace that page on that service for the purpose of displaying comparable rates or prices).
“ Temporary Global Series 2005-2 Note ” is defined in Section 5.2.
“ Termination Date Disbursement ” means an amount drawn under a Series 2005-2 Letter of Credit pursuant to a Certificate of
Termination Date Demand.
“ Termination Disbursement ” means an amount drawn under a Series 2005-2 Letter of Credit pursuant to a Certificate of
Termination Demand.
“ Trustee ” is defined in the recitals hereto.
“ Unpaid Demand Note Disbursement ” means an amount drawn under a Series 2005-2 Letter of Credit pursuant to a Certificate of
Unpaid Demand Note Demand.
“ Waivable Amount ” is defined in Article IV.
“ Waiver Event ” means the occurrence of the delivery of a Waiver Request and the subsequent waiver of any Series 2005-2
Maximum Amount.
-
17
-