Avis 2010 Annual Report Download - page 266

context otherwise requires, have the meanings set forth in this Series Supplement. All Article, Section or Subsection references herein shall refer
to Articles, Sections or Subsections of this Series Supplement, except as otherwise provided herein. Unless otherwise stated herein, as the
context otherwise requires or if such term is otherwise defined in the Base Indenture, each capitalized term used or defined herein shall relate
only to the Series 2006-1 Notes and not to any other Series of Notes issued by CPF. In addition, with respect to the Series 2006-1 Notes,
(i) references in the Base Indenture to (A) the “Applicable Administration Agreement” shall be deemed to refer to the Group I Administration
Agreement, (B) the “Applicable Collateral Agreements” shall be deemed to refer to the Group I Collateral Agreements, (C) the “
Applicable CPF
Lease” shall be deemed to refer to the Group I CPF Lease, (D) the “Applicable CPF Trucks”
shall be deemed to refer to the Group I CPF Trucks,
(E) the “Applicable Related Documents” shall be deemed to refer to the Series 2006-1 Related Documents, (F) the “Applicable Nominee
Agreement” shall be deemed to refer to the Group I Nominee Agreement, (G) the “Applicable Nominee Lienholder” shall be deemed to refer to
the Group I Nominee Lienholder and (H) the “Group Collection Account” shall be deemed to refer to the Group I Collection Account, (ii) when
the foregoing terms are embedded in a defined term within the Base Indenture, they shall be deemed to refer to the corresponding concept
described in clauses (A) through (H), as applicable, except in each case as otherwise specified in this Series Supplement or as the context may
otherwise require, and (iii) any references to Notes of a Series in the Base Indenture shall be deemed to refer only to Notes of any Group I Series
of Notes.
(b) The following words and phrases shall have the following meanings with respect to the Series 2006-
1 Notes and the definitions of
such terms are applicable to the singular as well as the plural form of such terms and to the masculine as well as the feminine and neuter genders
of such terms:
“ ABCR ” means Avis Budget Car Rental, LLC, a Delaware limited liability company, and its successors, acting in its capacity as
Guarantor.
“ Accrued Amounts ” means, as on any Distribution Date, the sum of (i) accrued and unpaid interest on the Series 2006-
1 Notes as of
such Distribution Date, (ii) any Article VIII Costs payable on such Distribution Date and (iii) the product of (A) the Series 2006-1 Percentage as
of the beginning of the Series 2006-1 Interest Period ending on such Distribution Date and (B) any Carrying Charges payable on such
Distribution Date.
“ Acquiring APA Bank ” is defined in Section 12.1(c).
“ Acquiring Purchaser Group ” is defined in Section 12.1(e).
“ Adjusted LIBO Rate ” means, with respect to each day during each Eurodollar Period, pertaining to a portion of the Purchaser
Group Invested Amount with respect to any Purchaser Group allocated to a Eurodollar Tranche, an interest rate per annum (rounded upwards, if
necessary, to the nearest 1/16 of 1%) equal to the LIBO Rate for such Eurodollar Period multiplied by the Statutory Reserve Rate.
“ Administrative Agent ” is defined in the recitals hereto.
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