Avis 2006 Annual Report Download - page 210

SECTION 10.3. Mergers, Consolidations . Except as may be permitted by the express written approval of the Trustee and the
Lender, merge with or into, enter into any joint venture or other association with, or consolidate with, any other Person.
SECTION 10.4. Sales of Assets . Sell, lease, transfer, liquidate or otherwise dispose of any Assets, except as contemplated by the
Related Documents.
SECTION 10.5. Acquisition of Assets . Acquire, by long-term or operating lease or otherwise, any Assets except pursuant to the
terms of the Related Documents.
SECTION 10.6. Dividends, Officers’ Compensation, etc. (i) Declare or pay any distributions on any of its partnership interests or
capital stock, as the case may be, or make any other distribution on, or any purchase, redemption or other acquisition of, any of its partnership
interests or any shares of its capital stock, as the case may be, except, in the case of AESOP Leasing, AESOP Leasing may make distributions
out of funds in the AESOP I Segregated Account or on its partnership interests provided that no Amortization Event, Potential Amortization
Event, AESOP I Finance Lease Vehicle Deficiency, Aggregate Asset Amount Deficiency, Enhancement Deficiency, Event of Default,
Liquidation Event of Default, Limited Liquidation Event of Default, Potential Enhancement Agreement Event of Default, Enhancement
Agreement Event of Default, Potential AESOP I Finance Lease Event of Default, AESOP I Finance Lease Event of Default, Potential AESOP I
Finance Lease Loan Event of Default or AESOP I Finance Lease Loan Event of Default has occurred or is continuing or would result
therefrom, or (ii) pay any wages or salaries or other compensation to officers, employees or others except out of earnings computed in
accordance with GAAP applied on a consistent basis and, in the case of AESOP Leasing, only from funds in the AESOP I Segregated Account.
SECTION 10.7. Organizational Documents . Amend any of its organizational documents, including its certificate of limited
partnership or limited partnership agreement, unless prior to such amendment, the Rating Agency Consent Condition has been met with respect
to such amendment.
SECTION 10.8. Investments . Make, incur, or suffer to exist any loan, advance, extension of credit or other investment in any
Person other than pursuant to the Related Documents.
SECTION 10.9. Regulations T, U and X . Use or permit any proceeds of the Loans made hereunder to be used, either directly or
indirectly, for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying margin stock” within the meaning of
Regulations T, U and X of the Board of Governors of the Federal Reserve System, as amended from time to time.
SECTION 10.10. Other Agreements . Enter into any agreement containing any provision which would be violated or breached by
the performance of its obligations hereunder or under any instrument or document delivered or to be delivered by it hereunder or in connection
herewith.
SECTION 10.11. Use of Vehicles . Use or allow the Vehicles leased under the Finance Lease to be used (i) in any manner that
would make Program Vehicles ineligible for repurchase under an Eligible Manufacturer Program, (ii) for any illegal purposes or (iii) in any
manner that could subject the Vehicles to confiscation.
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