Avis 2009 Annual Report Download - page 176

Purchaser Group’s Purchaser Group Increase Amount for such Business Day to be funded by such Purchaser Group by issuing Commercial
Paper.
“ Bank Accounts ” is defined in Section 11.16(f).
“ Benefited Purchaser Group ” is defined in Section 11.3(a).
“ Board ” means the Board of Governors of the Federal Reserve System or any successor thereto.
“ BRAC ” means Budget Rent A Car System, Inc.
“ Business Day ” means any day other than (a) a Saturday or a Sunday or (b) a day on which banking institutions in New York,
New York or the city in which the corporate trust office of the Trustee is located are authorized or obligated by law or executive order to close.
“ Canadian Agent ” means the administrative agent under the Canadian Variable Funding Note Facility, as specified therein, and its
successors and assigns thereunder.
“ Canadian Commitment ” means, with respect to any APA Bank, the obligation of such APA Bank to make advances to the
Canadian Issuer under the Canadian Variable Funding Note Facility in an aggregate principal amount outstanding not to exceed the amount set
forth opposite such APA Bank’s name on any schedule or addendum thereto, as such amount may be modified from time to time in accordance
with the provisions of the Canadian Variable Funding Note Facility.
“ Canadian Issuer ” means the issuer under the Canadian Variable Funding Note Facility, as specified therein.
“ Canadian Variable Funding Note Facility ”
means a Series Supplement (as defined in Exhibit J hereto) to be entered into by, among
others, the Canadian Issuer and the APA Banks, in connection with the issuance by the Canadian Issuer of a Series (as defined in Exhibit J
hereto) of variable funding Notes (as defined in Exhibit J hereto), pursuant to which the APA Banks will commit to purchase such variable
funding Notes and make advances thereunder to the Canadian Issuer, in accordance with the terms set forth in the term sheet attached as Exhibit
J hereto, evidenced by and subject to the completion of documentation in form and substance satisfactory to each of the APA Banks.
“ Certificate of Lease Deficit Demand ” means a certificate substantially in the form of Annex A to any Series 2009-3 Letter of
Credit.
“ Certificate of Termination Date Demand ” means a certificate substantially in the form of Annex D to any Series 2009-3 Letter of
Credit.
“ Certificate of Termination Demand ” means a certificate substantially in the form of Annex C to any Series 2009-
3 Letter of Credit.
4