Avis 2009 Annual Report Download - page 220

amount equal to the lesser of (x) the Series 2009-3 Cash Collateral Percentage on such date of the least of the amounts described in clauses (i),
(ii) and (iii) above and (y) the Series 2009-3 Available Cash Collateral Account Amount on such date and draw an amount equal to the
remainder of such amount on the Series 2009-3 Letters of Credit.
(e) Balance . On or prior to the second Business Day preceding each Distribution Date, the Administrator shall instruct the Trustee
and the Paying Agent in writing pursuant to the Administration Agreement to pay the balance (after making the payments required in Section 3.3
(a)), if any, of the amounts available from the Series 2009-3 Accrued Interest Account as follows:
(i) on each Distribution Date during the Series 2009-3 Revolving Period, (1) first, to the Administrator, an amount equal to the
Series 2009-3 Percentage as of the beginning of such Series 2009-3 Interest Period of the portion of the Monthly Administration Fee
payable by ABRCF (as specified in clause (iii) of the definition thereof) for such Series 2009-3 Interest Period, (2) second, to the
Trustee, an amount equal to the Series 2009-3 Percentage as of the beginning of such Series 2009-3 Interest Period of the Trustee’s
fees for such Series 2009-3 Interest Period, (3) third, to the Series 2009-3 Distribution Account to pay any Article VII Costs,
(4) fourth, to pay any Carrying Charges (other than Carrying Charges provided for above) to the Persons to whom such amounts are
owed, an amount equal to the Series 2009-3 Percentage as of the beginning of such Series 2009-3 Interest Period of such Carrying
Charges (other than Carrying Charges provided for above) for such Series 2009-3 Interest Period and (5) fifth, the balance, if any (“
Excess Collections ”), shall be withdrawn by the Paying Agent from the Series 2009-3 Collection Account and deposited in the
Series 2009-3 Excess Collection Account; and
(ii) on each Distribution Date during the Series 2009-3 Amortization Period, (1) first, to the Trustee, an amount equal to the
Series 2009-3 Percentage as of the beginning of such Series 2009-3 Interest Period of the Trustee’s fees for such Series 2009-3
Interest Period, (2) second, to the Administrator, an amount equal to the Series 2009-3 Percentage as of the beginning of such Series
2009-3 Interest Period of the portion of the Monthly Administration Fee (as specified in clause (iii) of the definition thereof) payable
by ABRCF for such Series 2009-3 Interest Period, (3) third, to the Series 2009-3 Distribution Account to pay any Article VII Costs,
(4) fourth, to pay any Carrying Charges (other than Carrying Charges provided for above) to the Persons to whom such amounts are
owed, an amount equal to the Series 2009-3 Percentage as of the beginning of such Series 2009-3 Interest Period of such Carrying
Charges (other than Carrying Charges provided for above) for such Series 2009-3 Interest Period and (5) fifth, the balance, if any,
shall be treated as Principal Collections.
(f) Shortfalls . If the amounts described in Section 3.3 are insufficient to pay the Series 2009-
3 Monthly Interest and the Commitment
Fees of the Purchaser Groups on any Distribution Date, payments of interest to the Series 2009-3 Noteholders and payments of Commitment
Fees to the Purchaser Groups will be reduced on a pro rata
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