Avis 2006 Annual Report Download - page 239

(ii)
Page
12.
VEHICLE WARRANTIES.
18
12.1.
No Lessor Warranties.
18
12.2.
Manufacturer
’
s Warranties.
18
13.
VEHICLE USAGE GUIDELINES AND RETURN; SPECIAL DEFAULT PAYMENTS; EARLY TERMINATION PAYMENTS.
19
13.1.
Usage.
19
13.2.
Return.
19
13.3.
Special Default Payments.
21
13.4.
Early Termination Payments.
22
14.
DISPOSITION PROCEDURE.
22
15.
ODOMETER DISCLOSURE REQUIREMENT.
22
16.
GENERAL INDEMNITY.
23
16.1.
Indemnity by the
Lessees and the Finance Lease Guarantor.
23
16.2.
Reimbursement Obligation by the Lessees and the Finance Lease Guarantor.
24
16.3.
Defense of Claims.
24
17.
ASSIGNMENT.
25
17.1.
Right of the Lessor to Assign this Agreement.
25
17.2.
Limitations on the Right of the Lessees to Assign this Agreement.
25
18.
DEFAULT AND REMEDIES THEREFOR.
26
18.1.
Events of Default.
26
18.2.
Effect of Finance Lease Event of Default or Liquidation Event of Default.
27
18.3.
Rights of Lessor Upon Finance Lease Event of Default, Limited Liquidation Event of Default or Liquidation Event of Default.
27
18.4.
Rights of Lender and Trustee Upon Liquidation Event of Default, Limited Liquidation Event of Default and Non-Performance
of Certain Covenants.
29
18.5.
Measure of Damages.
30
18.6.
Vehicle Return Default.
31
18.7.
Application of Proceeds.
32
19.
MANUFACTURER EVENTS OF DEFAULT.
32
20.
[RESERVED]
33
21.
[RESERVED]
33
22.
CERTIFICATION OF TRADE OR BUSINESS USE.
33
23.
SURVIVAL.
33