Avis 2007 Annual Report Download - page 157

Section 2.6. Amendments to Annex 1: Definitions List .
(a) Annex 1 to the Base Indenture is hereby amended to add the following defined terms in appropriate alphabetical order:
“ ACRG ” means Avis Car Rental Group, LLC, a Delaware limited liability company.
“ BRACS ” means Budget Rent A Car System, Inc., a Delaware corporation.
“ Permitted Sublessee ” means each of ACRG and BRACS and any other Person that becomes a sublessee under a Sublease in
accordance with Section 7 of the BTF Lease; provided that each of ACRG, BRACS and any such other Person shall only be a “Permitted
Sublessee” so long as it remains a wholly-owned subsidiary of the Guarantor.
“ Sublease ” means any sublease entered into between the Lessee and any Permitted Sublessee pursuant to Section 7 of the BTF
Lease and any and all other contracts, agreements, guarantees, insurance, warranties, instruments or certificates entered into or delivered to the
Lessee in connection therewith.
(b) The defined term “ BTF ” contained in Annex 1 is hereby amended and restated in its entirety to read as follows:
“ BTF ” means Centre Point Funding, LLC (f/k/a Budget Truck Funding, LLC), a Delaware limited liability company and its
successors.
Section 2.7. Amendments to Schedule I: Termination Value Curve Schedule . Schedule I to the Base Indenture is hereby amended
and restated in its entirety by the replacement thereof with the Schedule I attached as Annex A hereto.
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 Base Indenture, nor alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Base Indenture, 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. This Amendment
shall apply and be effective only with respect to the provisions of the Base Indenture specifically referred to herein, and any references in the
Base Indenture to the provisions of the Base Indenture specifically referred to herein shall be to such provisions as amended by this
Amendment.
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.
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