Avis 2009 Annual Report Download - page 274

TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS
2
ARTICLE II PURCHASE AND SALE OF SERIES 2009-3 NOTES; INCREASES AND DECREASES OF SERIES 2009-3 INVESTED
AMOUNT
30
Section 2.1.
Purchases of the Series 2009
-
3 Notes
30
Section 2.2.
Delivery
31
Section 2.3.
Procedure for Initial Issuance and for Increasing the Series 2009
-
3 Invested Amount
32
Section 2.4.
Sales by CP Conduit Purchasers of Series 2009
-
3 Notes to APA Banks
34
Section 2.5.
Procedure for Decreasing the Series 2009
-
3 Invested Amount; Optional Termination
34
Section 2.6.
Increases and Reductions of the Commitments; Extensions of the Commitments
35
Section 2.7.
Interest; Fees
39
Section 2.8.
Indemnification by ABRCF
41
Section 2.9.
Funding Agents
41
ARTICLE III SERIES 2009
-
3 ALLOCATIONS
42
Section 3.1.
Establishment of Series 2009
-
3 Collection Account, Series 2009
-
3 Excess Collection Account and Series 2009
-
3
Accrued Interest Account
42
Section 3.2.
Allocations with Respect to the Series 2009
-
3 Notes
42
Section 3.3.
Payments to Noteholders
46
Section 3.4.
Payment of Note Interest and Commitment Fees
49
Section 3.5.
Payment of Note Principal
49
Section 3.6.
Administrator
’
s Failure to Instruct the Trustee to Make a Deposit or Payment
54
Section 3.7.
Series 2009
-
3 Reserve Account
54
Section 3.8.
Series 2009
-
3 Letters of Credit and Series 2009
-
3 Cash Collateral Account
56
Section 3.9.
Series 2009
-
3 Distribution Account
60
Section 3.10.
Series 2009
-
3 Demand Notes Constitute Additional Collateral for Series 2009
-
3 Notes
62
Section 3.11.
Series 2009
-
3 Interest Rate Caps
62
Section 3.12.
Payments to Funding Agents or Purchaser Groups
63