Avis 2010 Annual Report Download - page 275

“ Ineligible Truck ” means a Truck owned by CPF that, on the applicable date of determination, (i) is over the Maximum Mileage
Limit, (ii) has suffered a Casualty, (iii) with respect to Gasoline Trucks, is older than 72 months from the date of original invoicing and with
respect to Diesel Trucks, is older than 96 months from the date of original invoicing, or (iv) is currently subject to a recall by the manufacturer.
“ Interest Rate Hedge Counterparty ” means CPF’s counterparty under a Series 2006-1 Interest Rate Hedge.
“ Lease Deficit Disbursement ” means an amount drawn under a Series 2006-1 Letter of Credit pursuant to a Certificate of Lease
Deficit Demand.
“ LIBO Rate ” means, with respect to each day during each Eurodollar Period pertaining to a Eurodollar Tranche, the rate appearing
on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such service, providing rate quotations comparable to those
currently provided on such page of such service, as determined by the Administrative Agent from time to time in accordance with its customary
practices for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately
11:00 a.m. (London time) on the second London Banking Day prior to the commencement of such Eurodollar Period, as the rate for dollar
deposits with a maturity comparable to the Eurodollar Period applicable to such Eurodollar Tranche.
“ LOC Pro Rata Share ” means, with respect to any Series 2006-1 Letter of Credit Provider as of any date, the fraction (expressed as
a percentage) obtained by dividing (A) the available amount under such Series 2006-1 Letter of Credit Provider’s Series 2006-1 Letter of Credit
as of such date by (B) an amount equal to the aggregate available amount under all Series 2006-1 Letters of Credit as of such date; provided that
only for purposes of calculating the LOC Pro Rata Share with respect to any Series 2006-
1 Letter of Credit Provider as of any date, if such Series
2006-1 Letter of Credit Provider has not complied with its obligation to pay the Trustee the amount of any draw under its Series 2006-
1 Letter of
Credit made prior to such date, the available amount under such Series 2006-1 Letter of Credit Provider’s Series 2006-1 Letter of Credit as of
such date shall be treated as reduced (for calculation purposes only) by the amount of such unpaid demand and shall not be reinstated for
purposes of such calculation unless and until the date as of which such Series 2006-1 Letter of Credit Provider has paid such amount to the
Trustee and been reimbursed by the Lessee or ABCR, as the case may be, for such amount ( provided that the foregoing calculation shall not in
any manner reduce the undersigned’s actual liability in respect of any failure to pay any demand under its Series 2006-1 Letter of Credit).
“ London Banking Day ” means any business day on which dealings in deposits in United States dollars are transacted in the London
interbank market.
“ Maximum Mileage Limit ” means 150,000 miles.
“ Maximum Purchaser Group Invested Amount ” means, with respect to any Purchaser Group, the excess of (a) the amount set forth
opposite the name of the CP Conduit Purchaser included in such Purchaser Group on Schedule I, over (b) such Purchaser Group’s Pro Rata
Share of any amounts withdrawn from the Series 2006-1 Principal Subaccount after the
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