Avis 2009 Annual Report Download - page 203

(a) Initial Purchases . Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with
Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2009-3 Note in an amount equal to all or a portion of its
Commitment Percentage of the Series 2009-3 Initial Invested Amount on any Business Day during the period from the Effective Date (the “
Series 2009-3 Closing Date ”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser
shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a
Series 2009-3 Note in an amount equal to its Commitment Percentage of the Series 2009-3 Initial Invested Amount on the Series 2009-
3 Closing
Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2009-3 Closing Date its APA Bank Percentage of that
portion of such Series 2009-3 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have
purchased a Series 2009-3 Note on the Series 2009-3 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series
2009-3 Note, subject to increase or decrease during the period from the Series 2009-3 Closing Date to and including the Expiry Date with
respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP
Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2009-3 Note with respect to such Purchaser Group,
subject to increase or decrease during the period from the Series 2009-3 Closing Date to and including the Expiry Date with respect to such CP
Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with
respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 2009-3 Closing Date to the Funding Agent
with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2009-3 Collection Account.
(b) Maximum Purchaser Group Invested Amounts . Notwithstanding anything to the contrary contained in this Supplement, at no
time shall a Purchaser Group be required to make the initial purchase of a Series 2009-3 Note or increase its Purchaser Group Invested Amount
if the Purchaser Group Invested Amount with respect to such Purchaser Group, after giving effect to such purchase or increase, would exceed the
Maximum Purchaser Group Invested Amount with respect to such Purchaser Group at such time.
(c) Form of Series 2009-3 Notes . The Series 2009-3 Notes shall be issued in fully registered form without interest coupons,
substantially in the form set forth in Exhibit A .
Section 2.2. Delivery .
(a) On the Series 2009-3 Closing Date, ABRCF shall sign and shall direct the Trustee in writing pursuant to Section 2.2 of the Base
Indenture to duly authenticate, and the Trustee, upon receiving such direction, shall so authenticate a Series 2009-3 Note in the name of the
Funding Agent with respect to each Purchaser Group in an amount equal to the Maximum Purchaser Group Invested Amount with respect to
such Purchaser Group and deliver such Series 2009-3 Note to such Funding Agent in accordance with such written directions.
(b) The Administrative Agent shall maintain a record of the actual Purchaser Group Invested Amount outstanding with respect to
each Purchaser Group and the actual Series 2009-3 Invested Amount outstanding on any date of determination, which, absent manifest error,
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