Avis 2006 Annual Report Download - page 221

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Enhancement Provider’s and the Trustee’s prior written consent and (ii) satisfaction of the Rating Agency Consent Condition with respect
thereto. AESOP Leasing acknowledges that this Agreement and the Loan Note will be assigned by the Lender to the Trustee pursuant to the
Indenture, and hereby agrees that, subject to the terms of the Indenture, the Trustee may exercise all of the Lender’s rights hereunder. This
Agreement and the other Related Documents contain the entire agreement of the parties hereto with respect to the matters covered hereby.
SECTION 13.11. Tax Treatment of Loans . It is the intention of the parties hereto that for U.S. federal income tax purposes each
Loan made hereunder will constitute indebtedness of AESOP Leasing to the Lender and that AESOP Leasing shall be only a lender, and not
the owner of the Vehicles subject to the Finance Lease, in which case the applicable Lessee shall be the owner of the Vehicles leased by such
Lessee thereunder for tax purposes. The parties agree to take no position in any tax return, filing or proceeding inconsistent with this provision.
SECTION 13.12. No Recourse . The obligations of CRCF and AESOP Leasing under this Agreement are solely the corporate
obligations of CRCF and AESOP Leasing, respectively. No recourse shall be had for the payment of any obligation or claim arising out of or
based upon this Agreement against any shareholder, employee, officer, director or incorporator of CRCF or AESOP Leasing.
SECTION 13.13. Effect of Amendment . This Agreement shall not be construed in any manner to constitute a novation. Except to
the extent amended hereby, each of the Prior AESOP I Finance Lease Loan Agreement and the Loans thereunder are in all respects ratified and
confirmed and in full force and effect. From and after the date hereof, all references in the Related Documents to the AESOP I Finance Lease
Loan Agreement shall mean such agreement as amended and restated hereby, unless the context otherwise requires.
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