Avis 2010 Annual Report Download - page 150

ARTICLE 2. THE NOTES
Section 2.1. Designation and Terms of Notes .
Each Series of Notes shall be substantially in the form specified in the Series Supplement related to such Series of Notes, shall be
secured by the collateral specified hereunder and any additional collateral specified in such Series Supplement, and shall bear, upon its face, the
designation for such Series to which it belongs as selected by CPF, with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted hereby or by such Series Supplement, and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may, consistently herewith, be determined to be appropriate by the Authorized Officer executing such
Notes, as evidenced by his execution of the Notes. All Notes of any Series shall, except as specified in the Series Supplement related to such
Series of Notes, be equally and ratably entitled as provided herein to the benefits hereof without preference, priority or distinction on account of
the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Base Indenture and such Series
Supplement. The aggregate principal amount of Notes which may be authenticated and delivered under this Base Indenture is unlimited. The
Notes of each Series shall be issued in the denominations set forth in the Series Supplement related to such Series of Notes.
Section 2.2. Notes Issuable in Series .
(a) The Notes may be issued in one or more Series. Each Series of Notes shall be created by a Series Supplement related to such
Series of Notes.
(b) Notes of a new Series may from time to time be executed by CPF and delivered to the Trustee for authentication and thereupon
the same shall be authenticated and delivered by the Trustee upon the receipt by the Trustee of a Company Request at least two (2) Business
Days in advance of the related Series Closing Date and upon delivery by CPF to the Trustee, and receipt by the Trustee, of the following:
(i) a Company Order authorizing and directing the authentication and delivery of the Notes of such new Series by the Trustee and
specifying the designation of such new Series, the Initial Invested Amount (or the method for calculating the Initial Invested Amount) of
such new Series to be authenticated and the Note Rate with respect to such new Series;
(ii) a Series Supplement for such new Series of Notes satisfying the criteria set forth in Section 2.3 executed by CPF and the Trustee
and specifying the Principal Terms of such new Series;
(iii) the related Enhancement Agreement, if any, executed by each of the parties thereto, other than the Trustee;
(iv) an Officer’s Certificate of CPF dated as of the applicable Series Closing Date to the effect that (A) no Amortization Event,
Limited Liquidation Event of Default, Potential Amortization Event or Enhancement Deficiency with respect to any Series of Notes in the
same Group as such new Series of Notes is continuing or will occur as a result of the issuance of such new Series of Notes, (B) no
Liquidation Event of Default, no Borrowing Base Deficiency, Lease Event of Default or Potential Lease Event
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