Avis 2006 Annual Report Download - page 284

30.13. Compliance with Laws .
Except as disclosed in Schedule 30.13 hereto, each of the Lessees and the Finance Lease Guarantor: (i) is not in violation of any
law, ordinance, rule, regulation or order of any Governmental Authority applicable to it or its property, which violation would have a Material
Adverse Effect, and no such violation has been alleged, (ii) has filed in a timely manner all reports, documents and other materials required to
be filed by it with any governmental bureau, agency or instrumentality (and the information contained in each of such filings is true, correct
and complete in all material respects), except where failure to make such filings would not have a Material Adverse Effect, and (iii) has
retained all records and documents required to be retained by it pursuant to any Requirement of Law, except where failure to retain such
records would not have a Material Adverse Effect.
30.14. Eligible Vehicles .
Each Vehicle is or will be, as the case may be, on the Vehicle Finance Lease Commencement Date with respect to such Vehicle, an
Eligible Vehicle.
30.15. Supplemental Documents True and Correct .
All information contained in any Vehicle Order or other Supplemental Document which has been submitted, or which may
hereafter be submitted by the Finance Lease Guarantor or any Lessee to the Lessor is, or will be, true, correct and complete.
30.16. Manufacturer Programs .
No Manufacturer Event of Default has occurred and is continuing with respect to any Manufacturer of a Program Vehicle.
30.17. Absence of Default .
Each of the Finance Lease Guarantor and the Lessees is in compliance with all of the provisions of its certificate or articles of
incorporation and by-laws and no event has occurred or failed to occur which has not been remedied or waived, the occurrence or non-
occurrence of which constitutes, or with the passage of time or giving of notice or both would constitute, (i) a Finance Lease Event of Default
or a Potential Finance Lease Event of Default or (ii) a default or event of default by the Finance Lease Guarantor or any Lessee under any
material indenture, agreement or other instrument, or any judgment, decree or final order to which the Finance Lease Guarantor or any Lessee
is a party or by which the Finance Lease Guarantor or any Lessee or any of their properties may be bound or affected that could result in a
Material Adverse Effect.
30.18. Title to Assets .
Each of the Finance Lease Guarantor and the Lessees has good, legal and marketable title to, or a valid leasehold interest in, all of
its assets, except to the extent no Material Adverse Effect could result. Except for financing statements or other filings with respect to or
evidencing Permitted Encumbrances, no financing statement under the UCC of any state, application for a Certificate of Title or certificate of
ownership, or other filing which names
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