Avis 2007 Annual Report Download - page 151

Section 2.6. Amendments to Section 25.14 .
Section 25.14 is hereby amended by (a) deleting the title of that Section in its entirety and substituting, in replacement thereof, the
following new title: “ Eligible Trucks; Permitted Sublessees ” and (b) adding the following sentence immediately after the first sentence
thereof:
“Each sublessee subleasing a BTF Truck from the Lessee is, or will be as of the sublease commencement date for such BTF Truck, a
Permitted Sublessee and each applicable sublease meets the requirements set forth in Section 7.”
ARTICLE III.
Miscellaneous
Section 3.1. Effect of Amendment . Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit,
impair, constitute a waiver of, or otherwise affect the rights and remedies of any of the parties hereto under the Lease, nor alter, modify, amend
or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Lease, all of which are hereby ratified
and affirmed in all respects by each of the parties hereto and shall continue in full force and effect.
Section 3.2. Condition to Effectiveness . This Amendment shall become effective as of the date hereof only upon receipt by the
Administrative Agent under the Series 2006-1 Supplement to the Base Indenture, dated as of May 11, 2006, as amended by that certain
Amendment No. 1 to Series 2006-1 Supplement, dated as of May 16, 2007 (the “ Series 2006-1 Supplement ”) of written confirmation from
Moody’s that the Series 2006-1 Notes (as defined in the Series 2006-1 Supplement) are publicly rated at least “A3” by Moody’s after giving
effect to the amendments contemplated by this Amendment.
Section 3.3. Waiver of Notice . Each of the parties hereto waives any prior notice and any notice period that may be required by any
other agreement or document in connection with the execution of this Amendment.
Section 3.4. Binding Effect . This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns.
Section 3.5. Governing Law . THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES (EXCEPT FOR
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). Whenever possible each provision of this Amendment shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the
remainder of such provision or the remaining provisions of this Amendment. All obligations of the Guarantor and the Lessee and all rights of
the Lessor or the Trustee expressed herein shall be in addition to and not in limitation of those provided by applicable law or in any other
written instrument or agreement .
Section 3.6. Jury Trial . EACH PARTY HERETO HEREBY EXPRESSLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY
ACTION OR PROCEEDING TO
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