Avis 2009 Annual Report Download - page 180

extent that such CP Conduit Purchaser has not received payments of interest in respect of such interest component prior to the maturity date of
such maturing Commercial Paper, and including the portion of such interest or discount component constituting dealer or placement agent
commissions and (b) with respect to any Pooled Funding CP Conduit Purchaser, the amount of interest or discount to accrue on or in respect of
the Commercial Paper issued by such Pooled Funding CP Conduit Purchaser allocated, in whole or in part, by the Funding Agent with respect to
such Pooled Funding CP Conduit Purchaser, to fund the purchase or maintenance of the CP Conduit Funded Amount with respect to such Pooled
Funding CP Conduit Purchaser (including, without limitation, any interest attributable to the commissions of placement agents and dealers in
respect of such Commercial Paper and any costs associated with funding small or odd-lot amounts, to the extent that such commissions or costs
are allocated, in whole or in part, to such Commercial Paper by such Funding Agent).
“ Effective Date ” is defined in Section 6.1.
“ Eligible Assignee ” means a financial institution having short-term debt ratings of at least “A-1” from Standard & Poor’s and “P-1”
from Moody’s.
“ Eurodollar Period ” means, with respect to any Eurodollar Tranche and any Purchaser Group:
(a) initially, the period commencing on the Series 2009-3 Closing Date, the Increase Date or a conversion date, as the case may be,
with respect to such Eurodollar Tranche and ending one month thereafter (or such other period which is acceptable to the Funding Agent
with respect to such Purchaser Group and which in no event will be less than 7 days); and
(b) thereafter, each period commencing on the last day of the immediately preceding Eurodollar Period applicable to such Eurodollar
Tranche and ending one month thereafter (or such other period which is acceptable to the Funding Agent with respect to such Purchaser
Group and which in no event will be less than 7 days);
provided that all Eurodollar Periods must end on the next Distribution Date and all of the foregoing provisions relating to Eurodollar
Periods are subject to the following:
(i) if any Eurodollar Period would otherwise end on a day that is not a Business Day, such Eurodollar Period shall be extended
to the next succeeding Business Day unless the result of such extension would be to carry such Eurodollar Period into another
calendar month, in which event such Eurodollar Period shall end on the immediately preceding Business Day; and
(ii) any Eurodollar Period that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Eurodollar Period) shall end on the last Business Day of the
calendar month at the end of such Eurodollar Period.
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