Avis 2010 Annual Report Download - page 184

(i) all amounts representing the proceeds from sales of Applicable CPF Trucks for any Series of Notes by CPF, the Lessee or the
Administrator to third parties to be deposited by CPF, the Lessee or the Administrator within two Business Days of its receipt into the
Collection Account, for further credit to the Group Collection Account for the relevant Group;
(ii) all amounts payable to CPF pursuant to the Applicable CPF Lease for any Series of Notes shall be paid directly to the Trustee for
deposit into the Collection Account, for further credit to the Group Collection Account for the relevant Group;
(iii) all amounts due from any other source in respect of the Collateral and the Group Specific Collateral for any Group (other than
insurance proceeds and warranty payments in respect of Applicable CPF Trucks for any Series of Notes) to be paid either (a) directly into
the Collection Account at such times as such amounts are due or (b) by the Administrator or the Lessee into the Collection Account within
two Business Days of its receipt thereof (and, in each case, CPF represents to the Secured Parties and the Group Secured Parties for such
Group that it has instructed the Administrator, the Lessee and any other source of Collections, as applicable, to so remit such amounts), it
being understood that any such amounts due in respect of Group Specific Collateral for a Group shall be further credited to the Group
Collection Account for such Group.
All amounts on deposit in the Collection Account shall be allocated and distributed as provided herein and as supplemented by the Series
Supplement for each outstanding Series of Notes.
Upon the occurrence and during the continuance of an Amortization Event or Potential Amortization Event with respect to any Series of
Notes Outstanding, insurance proceeds and warranty payments relating to the Group Specific Collateral for such Series of Notes will be
deposited in the Collection Account and further credited to the Group Collection Account for the related Group, in each case, within two
Business Days of their receipt by CPF, the Lessee or the Administrator; provided , however , upon the delivery of an Officer’s Certificate of the
Administrator to the Trustee (upon which it may conclusively rely) certifying (i) that an Applicable CPF Truck for which insurance proceeds or
warranty payments, as the case may be, have been received in the Collection Account has been repaired and (ii) as to the dollar amount of such
repairs, the Trustee shall release to CPF insurance proceeds or warranty payments, as the case may be, in such dollar amount (to the extent not
previously applied hereunder). CPF agrees that if any such monies, instruments, cash or other proceeds shall be received by CPF in an account
other than the Collection Account or in any other manner, such monies, instruments, cash and other proceeds will not be commingled by CPF
with any of its other funds or property, if any, but will be held separate and apart therefrom and shall be held in trust by CPF for, and
immediately paid over to, but in any event within two Business Days from receipt, the Trustee, with any necessary endorsement. CPF shall
ensure that all funds to be deposited in the Collection Account are paid to the Trustee by wire transfer. All monies, instruments, cash and other
proceeds received by the Trustee pursuant to this Indenture shall be immediately deposited in the Collection Account and further credited to the
Group Collection Account for the relevant Group, and shall, in each case, be applied as provided in this Article 5 .
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