Avis 2007 Annual Report Download - page 164
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“ Required 16’ Int’l CF500 Truck OC Enhancement Percentage ” means, as of any date of determination, the sum, for each 16’
Int’
l CF500 Truck that is an Eligible Truck as of such date, of the percentage obtained by multiplying (i) the OC Enhancement Percentage
for such 16’ Int’l CF500 Truck as of such date and (ii) the percentage equivalent of a fraction the numerator of which is the Net Book
Value of such 16’ Int’l CF500 Truck as of such date and the denominator of which is the Net Book Value of all Eligible Trucks that are
16’ Int’l CF500 Trucks as of such date.
“ Series 2006-1 Excess Truck Amount ” means, as of any date of determination, the product of (a) the Series 2006-1 Excess
Truck Percentage as of such date and (b) the Series 2006-1 Borrowing Base as of such date.
“ Series 2006-1 Excess Truck Percentage ” means, as of any date of determination, the excess of (a) the sum of (i) 16’ Ford LCF
Percentage as of such date and (ii) the 16’ Int’l CF500 Percentage as of such date over (b) 20%.
Section 2.2. Amendments to Article VII – Representations, Warranties and Covenants .
(a) Section 7.2(d) of the Series Supplement is hereby amended and restated in its entirety to read as follows:
(d) no later than 40 days after the Distribution Date in May of each year, unless such requirement is waived by the
Administrative Agent, they shall provide to each Funding Agent a report in form and substance acceptable to the Administrative Agent from a
nationally-recognized auditing firm approved by the Administrative Agent regarding the performance by such auditing firm of the agreed upon
procedures concerning the Collateral;
Section 2.4. Amendments to Schedule II – Enhancement Percentages . Schedule II to the Series Supplement is hereby amended and
restated in its entirety by the replacement thereof with the Schedule II attached as Annex A hereto.
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