Avis 2006 Annual Report Download - page 149

(ii) if the occurrence of such Series 2005-2 Lease Payment Deficit resulted in a withdrawal being made from the Series 2005-
2 Cash Collateral Account, deposit in the Series 2005-2 Cash Collateral Account an amount equal to the lesser of (x) the amount of
the Series 2005-2 Past Due Rent Payment remaining after any payment pursuant to clause (i) above and (y) the amount withdrawn
from the Series 2005-2 Cash Collateral Account on account of such Series 2005-2 Lease Payment Deficit;
(iii) if the occurrence of such Series 2005-2 Lease Payment Deficit resulted in a withdrawal being made from the Series 2005-
2 Reserve Account pursuant to Section 2.3(d), deposit in the Series 2005-
2 Reserve Account an amount equal to the lesser of (x) the
amount of the Series 2005-2 Past Due Rent Payment remaining after any payments pursuant to clauses (i) and (ii) above and (y) the
excess, if any, of the Series 2005-2 Required Reserve Account Amount over the Series 2005-2 Available Reserve Account Amount
on such day;
(iv) allocate to the Series 2005-2 Accrued Interest Account the amount, if any, by which the Series 2005-2 Lease Interest
Payment Deficit, if any, relating to such Series 2005-2 Lease Payment Deficit exceeds the amount of the Series 2005-2 Past Due
Rent Payment applied pursuant to clauses (i), (ii) and (iii) above; and
(v) treat the remaining amount of the Series 2005-2 Past Due Rent Payment as Principal Collections allocated to the Series
2005-2 Notes in accordance with Section 2.2(a)(ii) or 2.2(b)(ii), as the case may be.
Section 2.3 Payments to Noteholders and Each Series 2005-2 Interest Rate Swap Counterparty . On each Determination Date, as
provided below, the Administrator shall instruct the Paying Agent in writing pursuant to the Administration Agreement to withdraw, and on the
following Distribution Date the Paying Agent, acting in accordance with such instructions, shall withdraw the amounts required to be
withdrawn from the Collection Account pursuant to Section 2.3(a) below in respect of all funds available from Series 2005-2 Interest Rate
Swap Proceeds and Interest Collections processed since the preceding Distribution Date and allocated to the holders of the Series 2005-2
Notes.
(a) Note Interest with respect to the Series 2005-2 Notes and Payments on the Series 2005-2 Interest Rate Swaps . On each
Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as
to the amount to be withdrawn and paid pursuant to Section 2.4 from the Series 2005-2 Accrued Interest Account to the extent funds are
anticipated to be available from Interest Collections allocable to the Series 2005-2 Notes and the Series 2005-2 Interest Rate Swap Proceeds
processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (w) first, an amount
equal to the Series 2005-2 Monthly Interest for the Series 2005-2 Interest Period ending on the day preceding the related Distribution Date,
(x) second, an amount
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