Avis 2006 Annual Report Download - page 171

Section 5.2 Temporary Global Series 2005-2 Notes; Permanent Global Series 2005-2 Notes . The Series 2005-2 Notes to be issued
outside the United States will be issued and sold in transactions outside the United States in reliance on Regulation S under the Securities Act,
as provided in the applicable note purchase agreement, and shall initially be issued in the form of one or more temporary notes in registered
form without interest coupons (each, a “ Temporary Global Series 2005-2 Note ”), substantially in the form set forth in Exhibit A-2 , which
shall be deposited on behalf of the purchasers of the Series 2005-2 Notes represented thereby with a custodian for, and registered in the name
of a nominee of DTC, for the account of Euroclear Bank S.A./N.V., as operator of the Euroclear System (“ Euroclear ”) or for Clearstream
Banking, société anonyme (“ Clearstream ”), duly executed by CRCF and authenticated by the Trustee in the manner set forth in Section 2.4 of
the Base Indenture. Interests in a Temporary Global Series 2005-2 Note will be exchangeable, in whole or in part, for interests in one or more
permanent global notes in registered form without interest coupons (each, a “ Permanent Global Series 2005-2 Note ”), substantially in the
form of Exhibit A-3 , in accordance with the provisions of such Temporary Global Series 2005-2 Note and the Base Indenture (as modified by
this Supplement). Interests in a Permanent Global Series 2005-2 Note will be exchangeable for definitive a Series 2005-2 Note in accordance
with the provisions of such Permanent Global Series 2005-2 Note and the Base Indenture (as modified by this Supplement).
ARTICLE VI
GENERAL
Section 6.1 Optional Repurchase . The Series 2005-2 Notes shall be subject to repurchase by CRCF at its option in accordance with
Section 6.3 of the Base Indenture on any Distribution Date after the Series 2005-2 Invested Amount is reduced to an amount less than or equal
to 10% of the Series 2005-2 Initial Invested Amount (the “ Series 2005-2 Repurchase Amount ”); provided , however , that as a condition
precedent to any such optional repurchase on any Distribution Date on which no Surety Default has occurred and is continuing, CRCF shall
have received the consent of the Surety Provider. The repurchase price for any Series 2005-2 Note shall equal the aggregate outstanding
principal balance of such Series 2005-2 Note (determined after giving effect to any payments of principal and interest on such Distribution
Date), plus accrued and unpaid interest on such outstanding principal balance.
Section 6.2 Information . The Trustee shall provide to the Series 2005-2 Noteholders, or their designated agent, and the Surety
Provider copies of all information furnished to the Trustee or CRCF pursuant to the Related Documents, as such information relates to the
Series 2005-2 Notes or the Series 2005-2 Collateral. In connection with any Preference Amount payable under the Surety Bond, the Trustee
shall furnish to the Surety Provider its records evidencing the distributions of principal of and interest on the Series 2005-2 Notes that have
been made and subsequently recovered from Series 2005-2 Noteholders and the dates on which such payments were made.
Section 6.3 Exhibits . The following exhibits attached hereto supplement the exhibits included in the Indenture.
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