Avis 2006 Annual Report Download - page 173

Section 6.10 Certain Rights of Surety Provider . The Surety Provider shall be deemed to be an Enhancement Provider entitled to
receive confirmation of the rating on the Series 2005-2 Notes (without regard to the Surety Bond) pursuant to the definition of “Rating Agency
Confirmation Condition.” In addition, the Surety Provider shall be deemed to be an Enhancement Provider entitled to exercise the consent
rights described in clause (ii) of the definition of “Rating Agency Consent Condition.”
Section 6.11 Surety Provider Deemed Noteholder and Secured Party . Except for any period during which a Surety Default is
continuing, the Surety Provider shall be deemed to be the holder of 100% of the Series 2005-2 Notes for the purposes of giving any and all
consents, waivers (including, without limitation, pursuant to Article III (other than an Amortization Event described in clauses (f) and
(g) thereof) Article IV and Section 6.7), approvals, instructions, directions, requests, declarations and/or notices pursuant to the Base Indenture
and this Supplement. Any reference in the Base Indenture or the Related Documents (including, without limitation, in Sections 2.3, 8.14, 9.1,
9.2 or 12.1 of the Base Indenture) to materially, adversely, or detrimentally affecting the rights or interests of the Noteholders, or words of
similar meaning, shall be deemed, for purposes of the Series 2005-2 Notes, to refer to the rights or interests of the Surety Provider. 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. Furthermore, the Surety Provider shall be deemed to be a “Secured Party” under the Base Indenture and the Related
Documents to the extent of amounts payable to the Surety Provider pursuant to this Supplement and the Insurance Agreement shall constitute
an “Enhancement Agreement” with respect to the Series 2005-2 Notes for all purposes under the Indenture and the Related Documents.
Moreover, wherever in the Related Documents money or other property is assigned, conveyed, granted or held for, a filing is made for, action
is taken for or agreed to be taken for, or a representation or warranty is made for the benefit of the Noteholders, the Surety Provider shall be
deemed to be the Noteholder with respect to 100% of the Series 2005-2 Notes for such purposes.
Section 6.12 Capitalization of CRCF . CRCF agrees that on the Series 2005-2 Closing Date it will have capitalization in an amount
equal to or greater than 3% of the sum of (x) the Series 2005-2 Invested Amount and (y) the invested amount of the Series 1998-
1 Notes, Series
2000-2 Notes, the Series 2000-4 Notes, the Series 2001-2 Notes, the Series 2002-1 Notes, Series 2002-2 Notes, Series 2002-3 Notes, Series
2003-1 Notes, Series 2003-2 Notes, Series 2003-3 Notes, Series 2003-4 Notes, Series 2003-5 Notes, Series 2004-1 Notes, Series 2004-2 Notes,
Series 2004-4 Notes, Series 2004-5 Notes and the Series 2005-1 Notes.
Section 6.13 Series 2005-2 Required Non-Program Enhancement Percentage . CRCF agrees that it will not make any Loan under
any Loan Agreement to finance the acquisition of any Vehicle by AESOP Leasing, AESOP Leasing II, CCRG, BRAC or ARAC, as the case
may be, if, after giving effect to the making of such Loan, the acquisition of such Vehicle and the inclusion of such Vehicle under the relevant
Lease, the Series 2005-2 Required Non-Program Enhancement Percentage would exceed 25.0%.
Section 6.14 Third Party Beneficiary . The Surety Provider and each Series 2005-2 Interest Rate Swap Counterparty is an express
third party beneficiary of (i) the Base Indenture to the extent of provisions relating to any Enhancement Provider and (ii) this Supplement.
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