Avis 2010 Annual Report Download - page 187

consents and approvals required to carry on its business as now conducted and for purposes of the transactions contemplated by this Base
Indenture and the other Applicable Related Documents.
Section 7.2. Company and Governmental Authorization . The execution, delivery and performance by CPF of this Base Indenture,
the Series Supplement for each Series of Notes in such Group and each other Applicable Related Document to which it is a party (a) is within
CPF’s company power and has been duly authorized by all necessary company action, (b) requires no action by or in respect of, or filing with,
any Governmental Authority which has not been obtained and (c) does not contravene, or constitute a default under, any Requirements of Law
with respect to CPF or any Contractual Obligation with respect to CPF or any of its assets or result in the creation or imposition of any Lien on
any property of CPF, except for Liens created by this Base Indenture or the Applicable Related Documents. This Base Indenture, the Series
Supplement for each Series of Notes in such Group, and each of the other Applicable Related Documents to which CPF is a party has been
executed and delivered by a duly authorized officer of CPF.
Section 7.3 . No Consent . No consent, action by or in respect of, approval or other authorization of, or registration, declaration or
filing with, any Governmental Authority or other Person is required for the valid execution and delivery by CPF of this Base Indenture, the
Series Supplement for any Series of Notes in such Group or any Applicable Related Document or for the performance of any of CPF’s
obligations hereunder or thereunder other than such consents, approvals, authorizations, registrations, declarations or filings as shall have been
obtained by CPF prior to the Initial Closing Date or as contemplated in Section 7.14 .
Section 7.4. Binding Effect . This Base Indenture, the Series Supplement for each Series of Notes in such Group, and each other
Applicable Related Document is a legal, valid and binding obligation of CPF enforceable against CPF in accordance with its terms (except as
such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws
affecting creditors’ rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied
covenant of good faith and fair dealing).
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