Avis 2007 Annual Report Download - page 198

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ARTICLE XVI
The parties recognise that from time to time Licensee, or a subsidiary or affiliate of Licensee, may wish to operate in a country or region in the
Territory a business which includes the leasing of vehicles without drivers (“the Business”), and that Licensor or Licensee may have granted or
Licensee may now desire to grant to a third party (“a Sub-licensee”) a license to use the Licensed Marks in such country or region. The
Licensor agrees that, notwithstanding section 2.8 or any other provision of the Trade Mark License, in respect of those names listed in the
Schedule hereto, the Licensee may carryon or permit any subsidiary or affiliate to carryon the Business under the said names until such time as
the agreement under which the Sub-licensee carries on business terminates or expires.
IN WITNESS WHEREOF, the parties have caused this License Agreement to be duly executed and delivered as of the date and year first
above written.
15.8 Condition Precedent This Agreement is conditional upon the ordinary share capital of PLC being admitted to the Official List of The
Stock Exchange, London, England, and listing becoming effective by not later than 13th November, 1986. In the event. of such condition
not being fulfilled by 13th November, 1986 all obligations of the parties hereunder shall cease and neither party shall have any claim
against the other.
16.
ACQUISITIONS
WIZARD CO., INC
BY:
Joseph Vittoria
Title:
Director
AVIS EUROPE PLC
BY:
Alun Cathcart
Title:
Director