Avis 2006 Annual Report Download - page 163

Account is held with the Paying Agent, in which case such investment may mature on such Distribution Date so long as such funds shall be
available for withdrawal on or prior to such Distribution Date. All such Permitted Investments will be credited to the Series 2005-2 Cash
Collateral Account and any such Permitted Investments that constitute (i) physical property (and that is not either a United States security
entitlement or a security entitlement) shall be physically delivered to the Trustee; (ii) United States security entitlements or security
entitlements shall be controlled (as defined in Section 8-106 of the New York UCC) by the Trustee pending maturity or disposition, and
(iii) uncertificated securities (and not United States security entitlements) shall be delivered to the Trustee by causing the Trustee to become the
registered holder of such securities. The Trustee shall, at the expense of CRCF, take such action as is required to maintain the Trustee’
s security
interest in the Permitted Investments credited to the Series 2005-2 Cash Collateral Account. CRCF shall not direct the Trustee to dispose of (or
permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of the purchase
price of such Permitted Investments. In the absence of written investment instructions hereunder, funds on deposit in the Series 2005-2 Cash
Collateral Account shall remain uninvested.
(h) Earnings from Series 2005-2 Cash Collateral Account
. All interest and earnings (net of losses and investment expenses) paid on
funds on deposit in the Series 2005-2 Cash Collateral Account shall be deemed to be on deposit therein and available for distribution.
(i) Series 2005-2 Cash Collateral Account Surplus . In the event that the Series 2005-2 Cash Collateral Account Surplus on any
Distribution Date (or, after the Series 2005-2 Letter of Credit Termination Date, on any date) is greater than zero, the Trustee, acting in
accordance with the written instructions (a copy of which shall be provided by the Administrator to the Surety Provider) of the Administrator,
shall withdraw from the Series 2005-2 Cash Collateral Account an amount equal to the Series 2005-2 Cash Collateral Account Surplus and
shall pay such amount: first , to the Series 2005-2 Letter of Credit Providers to the extent of any unreimbursed drawings under the related
Series 2005-2 Reimbursement Agreement, for application in accordance with the provisions of the related Series 2005-2 Reimbursement
Agreement, and, second , to CRCF any remaining amount.
(j) Post-Series 2005-2 Letter of Credit Termination Date Withdrawals from the Series 2005-2 Cash Collateral Account . If the
Surety Provider notifies the Trustee in writing that the Surety Provider shall have paid a Preference Amount (as defined in the Surety Bond)
under the Surety Bond, subject to the satisfaction of the conditions set forth in the next succeeding sentence, the Trustee shall withdraw from
the Series 2005-2 Cash Collateral Account and pay to the Surety Provider an amount equal to the lesser of (i) the Series 2005-2 Available Cash
Collateral Account Amount on such date and (ii) such Preference Amount. Prior to any withdrawal from the Series 2005-2 Cash Collateral
Account pursuant to this Section 2.8(j), the Trustee shall have received a certified copy of the order requiring the return of such Preference
Amount.
(k) Termination of Series 2005-2 Cash Collateral Account . Upon the termination of this Supplement in accordance with its terms,
the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series
2005-2 Noteholders and to the Surety Provider and payable from the Series 2005-2 Cash
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