Avis 2009 Annual Report Download - page 185

Excluded Manufacturer Receivable Specified Percentage with respect to any Manufacturer that becomes a Moody’s Non-Investment Grade
Manufacturer after the Effective Date shall be 100%.
“ Moody’s Excluded Receivable Amount ” means, as of any date of determination, the sum of the following amounts with respect to
each Moody’s Non-Investment Grade Manufacturer as of such date: the product of (i) to the extent such amounts are included in the calculation
of AESOP I Operating Lease Loan Agreement Borrowing Base as of such date, all amounts receivable, as of such date, by AESOP Leasing or
the Intermediary from such Moody’s Non-Investment Grade Manufacturer and (ii) the Moody’s Excluded Manufacturer Receivable Specified
Percentage for such Moody’s Non-Investment Grade Manufacturer as of such date.
“ Moody’s Non-Investment Grade Manufacturer ”
means, as of any date of determination, any Manufacturer that (i) is not a Bankrupt
Manufacturer and (ii) does not have a long-term senior unsecured debt rating of at least “Baa3” from Moody’s; provided that any Manufacturer
whose long-term senior unsecured debt rating is downgraded from at least “Baa3” to below “Baa3” by Moody’
s after the Effective Date shall not
be deemed a Moody’s Non-Investment Grade Manufacturer until the thirtieth (30 ) calendar day following such downgrade.
“ Non-Extending Purchaser Group ” means any Purchaser Group who shall not have agreed to an extension of its Scheduled Expiry
Date pursuant to Section 2.6(b).
“ Optional Termination Date ” is defined in Section 2.5(b).
“ Optional Termination Notice ” is defined in Section 2.5(b).
“ Other Taxes ” means any and all current or future stamp or documentary taxes or other excise or property taxes, charges or similar
levies arising from any payment made under this Supplement, the Base Indenture, or any Related Documents or from the execution, delivery or
enforcement of, or otherwise with respect to, this Supplement, the Base Indenture or any Related Document.
“ Outstanding ” means, with respect to the Series 2009-3 Notes, the Series 2009-3 Invested Amount shall not have been reduced to
zero and all accrued interest and other amounts owing on the Series 2009-3 Notes and to the Administrative Agent, the Funding Agents, the CP
Conduit Purchasers and the APA Banks hereunder shall not have been paid in full.
“ Participants ” is defined in Section 11.1(d).
“ Past Due Rent Payment ” is defined in Section 3.2(f).
“ Permitted Investments ”
means negotiable instruments or securities maturing on or before the Distribution Date next occurring after
the investment therein, payable in Dollars, issued by an entity organized under the laws of the United States of America and represented by
instruments in bearer or registered or in book-entry form which evidence (i) obligations the full and timely payment of which are to be made by
or is fully guaranteed by the United States of America other than financial contracts whose value depends on the values or indices of asset
values; (ii) demand deposits of, time deposits in, or certificates of deposit issued by, any
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