Avis 2008 Annual Report Download - page 255

date and (y) if as of such date any Eligible Non-Program Manufacturer has a long-term senior unsecured debt rating of “BBB” from
Standard & Poor’s and no Manufacturer Event of Default has occurred and is continuing with respect to such Eligible Non-Program
Manufacturer, the aggregate Net Book Value of all Non-Program Vehicles leased under the AESOP I Operating Lease manufactured by
each such Eligible Non-
Program Manufacturer that are subject to a Manufacturer Program and remain eligible for repurchase thereunder as
of such date and (B) 10% of the aggregate Net Book Value of all Vehicles leased under the AESOP I Operating Lease as of such date
minus (Y) the Series 2005-2 Standard & Poor’s Kia/Hyundai Lowest Enhanced Vehicle Percentage Adjustment Amount as of such date
and (b) the denominator of which is the aggregate Net Book Value of all Vehicles leased under the AESOP I Operating Lease as of such
date.
2. Each of the following defined terms are hereby added, in appropriate alphabetical order, to Article I(b) of the Series 2005-2
Supplement:
“ Series 2002-2 Supplement ” means, the Amended and Restated Series 2002-2 Supplement, dated as of November 22, 2002, as
amended, modified or supplemented from time to time, among ABRCF, ABCR, as administrator, JPMorgan Chase Bank, N.A. (formerly
known as JPMorgan Chase Bank), as administrative agent, the CP Conduit Purchasers, Funding Agents and APA Banks named therein,
and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to The Bank of New York), as trustee and as agent for
the benefit of the Series 2002-2 Noteholders, to the Base Indenture.
“ Series 2002-3 Supplement ” means, the Series 2002-3 Supplement, dated as of September 12, 2002, as amended, modified or
supplemented from time to time, among ABRCF, ABCR, as administrator, Park Avenue Receivables Corporation, as CP Conduit
Purchaser, JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank), as Funding Agent and an APA Bank, and The Bank
of New York Mellon Trust Company, N.A. (as successor in interest to The Bank of New York), as trustee and as agent for the benefit of
the Series 2002-3 Noteholders, to the Base Indenture.
“ Series 2005-4 Supplement ” means, the Series 2005-4 Supplement, dated as of June 1, 2005, as amended, modified or
supplemented from time to time, between ABRCF and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to
The Bank of New York), as trustee and as agent for the benefit of the Series 2005-4 Noteholders, to the Base Indenture.
“ Series 2007-2 Supplement ” means, the Series 2007-2 Supplement, dated as of June 6, 2007, as amended, modified or
supplemented from time to time, between ABRCF and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to
The Bank of New York Trust Company, N.A.), as trustee and as agent for the benefit of the Series 2007-2 Noteholders, to the Base
Indenture.
NEW YORK 6994972 (2K)
First Amendment to A&R Series
2005-2 Supplement (November 2008
Amendment) (CONFORMED)
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