Avis 2009 Annual Report Download - page 195

“ Series 2009-3 Lease Principal Payment Carryover Deficit ” means (a) for the initial Distribution Date, zero and (b) for any other
Distribution Date, the excess of (x) the Series 2009-3 Lease Principal Payment Deficit, if any, on the preceding Distribution Date over (y) the
amount deposited in the Distribution Account on such preceding Distribution Date pursuant to Section 3.5(c) on account of such Series 2009-3
Lease Principal Payment Deficit.
“ Series 2009-3 Lease Principal Payment Deficit ” means on any Distribution Date the sum of (a) the Series 2009-3 Monthly Lease
Principal Payment Deficit for such Distribution Date and (b) the Series 2009-3 Lease Principal Payment Carryover Deficit for such Distribution
Date.
“ Series 2009-3 Letter of Credit ” means an irrevocable letter of credit, if any, substantially in the form of Exhibit E issued by a
Series 2009-3 Eligible Letter of Credit Provider in favor of the Trustee for the benefit of the Series 2009-3 Noteholders.
“ Series 2009-3 Letter of Credit Amount ” means, as of any date of determination, the lesser of (a) the sum of (i) the aggregate
amount available to be drawn on such date under each Series 2009-3 Letter of Credit on which no draw has been made pursuant to Section 3.8
(c), as specified therein, and (ii) if the Series 2009-
3 Cash Collateral Account has been established and funded pursuant to Section 3.8, the Series
2009-3 Available Cash Collateral Account Amount on such date and (b) the aggregate outstanding principal amount of the Series 2009-3
Demand Notes on such date.
“ Series 2009-3 Letter of Credit Expiration Date ” means, with respect to any Series 2009-3 Letter of Credit, the expiration date set
forth in such Series 2009-3 Letter of Credit, as such date may be extended in accordance with the terms of such Series 2009-3 Letter of Credit.
“ Series 2009-3 Letter of Credit Liquidity Amount ” means, as of any date of determination, the sum of (a) the aggregate amount
available to be drawn on such date under each Series 2009-3 Letter of Credit on which no draw has been made pursuant to Section 3.8(c), as
specified therein, and (b) if the Series 2009-3 Cash Collateral Account has been established and funded pursuant to Section 3.8, the Series 2009-
3 Available Cash Collateral Account Amount on such date.
“ Series 2009-3 Letter of Credit Provider ” means the issuer of a Series 2009-3 Letter of Credit.
“ Series 2009-3 Letter of Credit Termination Date ” means the first to occur of (a) the date on which the Series 2009-3 Notes are
fully paid and (b) the Series 2009-3 Termination Date.
“ Series 2009-3 Limited Liquidation Event of Default ” means, so long as such event or condition continues, any event or condition
of the type specified in clauses (a) through (i) of Article IV; provided , however , that any event or condition of the type specified in clauses
(a) through (i) of Article IV shall not constitute a Series 2009-3 Limited Liquidation Event of Default if the Trustee shall have received the
written consent of each of the Series 2009-3 Noteholders waiving the occurrence of such Series 2009-3 Limited Liquidation Event of Default.
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