Avis 2010 Annual Report Download - page 238

Series of Notes in such Group, minus (B) any accrued earnings on Permitted Investments in the Collection Account, to the extent constituting
Group Specific Collateral for such Group, and the Group Collection Account for such Group which are available for distribution on the last
Business Day of such Interest Period, and (ii) the denominator of which is equal to the average Aggregate Invested Amount for such Group
during such Interest Period.
“ Casualty ” means, with respect to any Applicable CPF Truck, that (a) such Applicable CPF Truck is destroyed, seized or otherwise
rendered permanently unfit or unavailable for a period of 10 days or (b) such Applicable CPF Truck is lost or stolen and is not recovered within
60 days following the occurrence thereof.
“ Casualty Payment ” means, with respect to any Applicable CPF Truck subject to a Casualty, an amount equal the Termination
Value of such Applicable CPF Truck as of the date of such Casualty Payment.
“ Cede ” means Cede & Co., a nominee of DTC.
“ Certificate of Title ” means, with respect to each Applicable CPF Truck, the certificate of title applicable to such Applicable CPF
Truck duly issued in accordance with the certificate of title act or statute of the jurisdiction applicable to such Applicable CPF Truck.
“ Change in Control ” means (a) BRAC shall at any time cease to own or control, directly or indirectly, greater than 50% of the
Voting Stock of the Lessee or the Administrator, or (b) ABCR shall at any time cease to own or control, directly or indirectly, greater than 50%
of the Voting Stock of BRAC or (c) Avis Budget Holdings, LLC shall at any time cease to own or control, directly or indirectly, greater than
50% of the Voting Stock of ABCR.
“ Class ” means, with respect to any Series of Notes, any one of the classes of Notes of that Series as specified in the Series
Supplement for such Series of Notes.
“ Clearing Agency ” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act or any
successor provision thereto or Euroclear or Clearstream.
“ Clearing Agency Participant ” means a broker, dealer, bank, other financial institution or other Person for whom from time to time
a Clearing Agency effects book entry transfers and pledges.
“ Clearstream ” means Clearstream Banking société anonyme, a corporation organized under the laws of the Grand Duchy of
Luxembourg, and any successor thereto.
“ Closing Date ” means the Initial Closing Date or any Series Closing Date.
“ Code ” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and any
successor statute of similar import, in each case as in effect from time to time. References to sections of the Code also refer to any successor
sections.
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