Avis 2009 Annual Report Download - page 179

“ CP Tranche ” means, with respect to a Match Funding CP Conduit Purchaser, a portion of the CP Conduit Funded Amount with
respect to such Match Funding CP Conduit Purchaser for which the Monthly Funding Costs with respect to such Match Funding CP Conduit
Purchaser is calculated by reference to a particular Discount and a particular CP Rate Period.
“ Credit Agreement ” means the Credit Agreement, dated as of April 19, 2006, among Avis Budget Holdings, LLC, as Borrower,
ABCR, as Borrower, the subsidiary borrowers referred to therein, the several lenders referred to therein, JPMorgan Chase Bank, N.A., as
Administrative Agent, Deutsche Bank Securities Inc., as Syndication Agent, each of Bank of America, N.A., Calyon New York Branch and
Citicorp USA, Inc., as Documentation Agents and Wachovia Bank, National Association, as Co-Documentation Agent, as amended by the First
Amendment thereto dated as of December 23, 2008 but without giving effect to any further amendment thereto made subsequent to the Effective
Date unless such amendment has been approved in writing by the Requisite Noteholders.
“ DBNY ” is defined in the recitals hereto.
“ Decrease ” is defined in Section 2.5(a).
“ Demand Note Issuer ” means each issuer of a Series 2009-3 Demand Note.
“ Demand Note Preference Payment Amount ” means, as of any day, (i) the aggregate amount of all proceeds of demands made on
the Series 2009-3 Demand Notes pursuant to Section 3.5(c)(iii) or 3.5(d)(ii) that were deposited into the Series 2009-3 Distribution Account and
paid to the Series 2009-3 Noteholders during the one-year period ending on such day; provided , however
, that if an Event of Bankruptcy (or the
occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of 60 consecutive days) with respect to a
Demand Note Issuer shall have occurred during such one-year period, the Demand Note Preference Payment Amount as of such day shall equal
the Demand Note Preference Payment Amount as if it were calculated as of the date of such occurrence minus (ii) the aggregate amount
withdrawn from the Series 2009-3 Reserve Account or the Series 2009-3 Cash Collateral Account and paid to a Funding Agent pursuant to
Section 3.7(e) on account of a Preference Amount.
“ Designated Amounts ” is defined in Article V.
“ Disbursement ” means any Lease Deficit Disbursement, any Unpaid Demand Note Disbursement, any Termination Date
Disbursement or any Termination Disbursement under a Series 2009-3 Letter of Credit, or any combination thereof, as the context may require.
“ Discount ” means, (a) with respect to any Match Funding CP Conduit Purchaser, the interest or discount component of the
Commercial Paper issued by such Match Funding CP Conduit Purchaser to fund or maintain the CP Conduit Funded Amount with respect to
such Match Funding CP Conduit Purchaser, including an amount equal to the portion of the face amount of the outstanding Commercial Paper
issued to fund or maintain the CP Conduit Funded Amount with respect to such CP Conduit Purchaser that corresponds to the portion of the
proceeds of such Commercial Paper that was used to pay the interest or discount component of maturing Commercial Paper issued to fund or
maintain such CP Conduit Funded Amount, to the
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