Avis 2006 Annual Report Download - page 181

denominator of which is the aggregate Net Book Value of all Vehicles leased under the AESOP I Operating Lease as of such date;
provided that, solely for the purposes of clause (i) of this definition if a Bankrupt Manufacturer is the debtor in Chapter 11 Proceedings,
until the thirtieth (30th) calendar day following commencement of such Chapter 11 Proceedings, the Net Book Value of all Program
Vehicles Manufactured by such Bankrupt Manufacturer shall be deemed to be zero.
“ Series 2005-2 Required Incremental Bankrupt Manufacturer Rate ” means (i) as of any date following the occurrence of an Event
of Bankruptcy with respect to a Manufacturer of Program Vehicles, the excess of (A) the Series 2005-2 Required Non-Program
Enhancement Percentage as of such date over (B) 14.75% and (ii) as of any other date of determination, zero.
2. Each of the following defined terms, as set forth in Article I(b) of the Series 2005-2 Supplement, is hereby amended and restated
in its entirety as follows:
“ Series 2005-2 Maximum Aggregate Kia/Isuzu/Subaru/Hyundai/Suzuki Amount ”
means, as of any day, with respect to Kia, Isuzu,
Subaru, Hyundai and Suzuki, in the aggregate, an amount equal to 20% of the aggregate Net Book Value of all Vehicles leased under the
Leases on such day.
“ Series 2005-2 Maximum Non-Program Vehicle Percentage ” means, as of any date of determination, 40%; provided that the
Series 2005-2 Maximum Non-
Program Vehicle Percentage as of any date of determination shall be increased by a fraction, expressed as a
percentage, the numerator of which is the aggregate Net Book Value of all Redesignated Vehicles manufactured by each Bankrupt
Manufacturer and each other Manufacturer with respect to which a Manufacturer Event of Default has occurred and leased as of such date
under the AESOP I Operating Lease or the Finance Lease as of such date and the denominator of which is the aggregate Net Book Value
of all Vehicles leased under the Leases as of such date.
“ Series 2005-2 Maximum Manufacturer Amount ” means, as of any day, any of the Series 2005-2 Maximum Mitsubishi Amount,
the Series 2005-2 Maximum Individual Kia/Isuzu/Subaru Amount, the Series 2005-2 Maximum Individual Hyundai/Suzuki Amount or
the Series 2005-2 Maximum Aggregate Kia/Isuzu/Subaru/Hyundai/Suzuki Amount.
“ Series 2005-2 Required Enhancement Amount ” means, as of any date of determination, the sum of (i) the product of the Series
2005-2 Required Enhancement Percentage as of such date and the Series 2005-2 Invested Amount as of such date, (ii) the Series 2005-2
AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the Non-Program
Vehicle Amount as of such date over the Series 2005-2 Maximum Non-Program Vehicle Amount as of such date, (iii) the Series 2005-2
AESOP I Operating Lease Vehicle Percentage as of the immediately preceding Business Day of the excess, if any, of the aggregate Net
Book Value of all Vehicles manufactured by Mitsubishi and leased under the Leases as of such date over the Series 2005-2 Maximum
Mitsubishi Amount as of such date, (iv) the
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