Avis 2009 Annual Report Download - page 177

“ Certificate of Unpaid Demand Note Demand ” means a certificate substantially in the form of Annex B to any Series 2009-3 Letter
of Credit.
“ Change in Control ”
means (a) ABG shall at any time cease to own or control, directly or indirectly, greater than 50% of the Voting
Stock of ABCR, ARAC or BRAC or (b) either ABRCF or AESOP Leasing is no longer indirectly wholly-owned by ABCR.
“ Change in Law ” means (a) any law, rule or regulation or any change therein or in the interpretation or application thereof (whether
or not having the force of law), in each case, adopted, issued or occurring after the Series 2009-3 Closing Date or (b) any request, guideline or
directive (whether or not having the force of law) from any government or political subdivision or agency, authority, bureau, central bank,
commission, department or instrumentality thereof, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether
or not part of government) which is responsible for the establishment or interpretation of national or international accounting principles, in each
case, whether foreign or domestic (each an “ Official Body ”) charged with the administration, interpretation or application thereof, or the
compliance with any request or directive of any Official Body (whether or not having the force of law) made, issued or occurring after the Series
2009-3 Closing Date.
“ Claim ” is defined in Section 2.8.
“ Commercial Paper ” means, with respect to any CP Conduit Purchaser, the promissory notes issued by, or for the benefit of, such
CP Conduit Purchaser in the commercial paper market.
“ Commitment ” means, with respect to the APA Banks included in any Purchaser Group, the obligation of such APA Banks to
purchase a Series 2009-3 Note on the Series 2009-3 Closing Date and, thereafter, to maintain and, subject to certain conditions, increase the
Purchaser Group Invested Amount with respect to such Purchaser Group, in each case, in an amount up to the Maximum Purchaser Group
Invested Amount with respect to such Purchaser Group.
“ Commitment Amount ” means, with respect to the APA Banks included in any Purchaser Group, an amount equal to 102% of the
Maximum Purchaser Group Invested Amount with respect to such Purchaser Group.
“ Commitment Fee ” is defined in Section 2.7(e).
“ Commitment Fee Rate ” is defined in the Fee Letter.
“ Commitment Percentage ” means, on any date of determination, with respect to any Purchaser Group, the ratio, expressed as a
percentage, which such Purchaser Group’s Maximum Purchaser Group Invested Amount bears to the Series 2009-3 Maximum Invested Amount
on such date.
“ Company indemnified person ” is defined in Section 2.8.
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