Avis 2009 Annual Report Download - page 191

the Series 2009-3 Distribution Account and paid to the Series 2009-3 Noteholders during the one-year period ending on the Series 2009-3 Letter
of Credit Termination Date; 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 Series 2009-3 Demand Note Payment Amount as of the Series 2009-3 Letter of Credit Termination Date shall equal the
Series 2009-3 Demand Note Payment Amount as if it were calculated as of the date of such occurrence.
“ Series 2009-3 Deposit Date ” is defined in Section 3.2.
“ Series 2009-3 Distribution Account ” is defined in Section 3.9(a).
“ Series 2009-3 Distribution Account Collateral ” is defined in Section 3.9(d).
“ Series 2009-3 Documents ” means each of this Supplement, the Series 2009-3 Notes, the Series 2009-3 Interest Rate Cap, the Fee
Letter, the Series 2009-3 Demand Notes, the Series 2009-3 Letter of Credit and any other related documents executed in connection with an
issuance of the Series 2009-3 Notes or activities related thereto.
“ Series 2009-3 Eligible Letter of Credit Provider ” means a Person satisfactory to ABCR and the Demand Note Issuers and having,
at the time of the issuance of the related Series 2009-3 Letter of Credit, a long-term senior unsecured debt, deposit, claims paying or credit (as
the case may be) rating of at least “A” from Standard & Poor’s and a short-term senior unsecured debt, deposit, claims paying or credit (as the
case may be) rating of at least “A-1” from Standard & Poor’s and a long-
term senior unsecured debt, deposit, claims paying or credit (as the case
may be) rating of at least “A1” from Moody’s and a short-
term senior unsecured debt, deposit, claims paying or credit (as the case may be) rating
of at least “P-1” from Moody’s that is a commercial bank having total assets in excess of $500,000,000; provided that if a Person is not a Series
2009-3 Letter of Credit Provider (or a letter of credit provider under the Supplement for any other Series of Notes), then such Person shall not be
a Series 2009-3 Eligible Letter of Credit Provider until ABCR has provided 10 days’ prior notice to the Rating Agencies, Standard & Poor’s and
the Administrative Agent that such a Person has been proposed as a Series 2009-3 Letter of Credit Provider.
“ Series 2009-3 Enhancement ” means the Series 2009-3 Cash Collateral Account Collateral, the Series 2009-3 Letters of Credit, the
Series 2009-3 Demand Notes, the Series 2009-3 Overcollateralization Amount and the Series 2009-3 Reserve Account Amount.
“ Series 2009-3 Enhancement Amount ” means, as of any date of determination, the sum of (i) the Series 2009-3
Overcollateralization Amount as of such date, (ii) the Series 2009-3 Letter of Credit Amount as of such date, (iii) the Series 2009-3 Available
Reserve Account Amount as of such date and (iv) the amount of cash and Permitted Investments on deposit in the Series 2009-3 Collection
Account (not including amounts allocable to the Series 2009-3 Accrued Interest Account) and the Series 2009-
3 Excess Collection Account as of
such date.
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