Avis 2006 Annual Report Download - page 285

the Finance Lease Guarantor or any Lessee as debtor or which covers or purports to cover any of the assets of the Finance Lease Guarantor or
such Lessee is on file in any state or other jurisdiction, and neither the Finance Lease Guarantor nor any Lessee has signed any such financing
statement, application or instrument authorizing any secured party or creditor of such Person thereunder to file any such financing statement,
application or filing other than with respect to Permitted Encumbrances and except, in each case, to the extent no Material Adverse Effect could
result.
30.19. Burdensome Provisions .
Neither the Finance Lease Guarantor nor any Lessee is a party to or bound by any Contractual Obligation that could have a Material
Adverse Effect.
30.20. No Adverse Change .
Since December 31, 2003, (x) no material adverse change in the business, assets, liabilities, financial condition, results of operations
or business prospects of the Finance Lease Guarantor or any Lessee has occurred, and (y) no event has occurred or failed to occur which has
had or may have, either alone or in conjunction with all other such events and failures, a Material Adverse Effect.
30.21. No Adverse Fact .
No fact or circumstance is known to the Finance Lease Guarantor or any Lessee, as of the date hereof or as of such Series Closing
Date, which, either alone or in conjunction with all other such facts and circumstances, has had or might in the future have (so far as the
Finance Lease Guarantor or such Lessee can foresee) a Material Adverse Effect which has not been set forth or referred to in the financial
statements referred to in Section 30.4 or 31.5 or in a writing specifically captioned “Disclosure Statement” and delivered to the Lessor prior to
such Series Closing Date. If a fact or circumstance disclosed in such financial statements or Disclosure Statement, or if an action, suit or
proceeding disclosed to the Lessor, should in the future have a Material Adverse Effect, such Material Adverse Effect shall be a change or
event subject to Section 30.20 notwithstanding such disclosure.
30.22. Accuracy of Information .
All data, certificates, reports, statements, opinions of counsel, documents and other information furnished to the Lessor, the Lender
or the Trustee by or on behalf of the Finance Lease Guarantor or any Lessee pursuant to any provision of any Related Document, or in
connection with or pursuant to any amendment or modification of, or waiver under, any Related Document, shall, at the time the same are so
furnished, (i) be complete and correct in all material respects to the extent necessary to give the Lessor, the Lender or the Trustee, as the case
may be, true and accurate knowledge of the subject matter thereof, (ii) not contain any untrue statement of a material fact, and (iii) not omit to
state a material fact necessary in order to make the statements contained therein (in light of the circumstances in which they were made) not
misleading, and the furnishing of the same to the Lessor, the Lender or the Trustee, as the case may be, shall constitute a representation and
warranty by each Lessee and the Finance Lease Guarantor made on the date the same are furnished to the Lessor, the Lender or the Trustee, as
the case may be, to the effect specified in clauses (i) , (ii) and (iii) .
-
43
-