Avis 2010 Annual Report Download - page 277

(c) for each day during such Series 2006-1 Interest Period, the product of (A) the CP Conduit Funded Amount with respect to such
Purchaser Group on such day times (B) the Program Fee Rate per annum divided by (C) 360.
“ Monthly Principal Payment Amount ” is defined in Section 5.5(a).
“ Moody’s ” means Moody’s Investors Service.
“ Non-Group I Collateral ” is defined in Section 1.1(d).
“ Other Taxes ” means any and all current or future stamp or documentary taxes or other excise or property taxes, charges or similar
levies arising from any payment made under this Supplement, the Base Indenture, or any Series 2006-1 Related Documents or from the
execution, delivery or enforcement of, or otherwise with respect to, this Series Supplement, the Base Indenture or any Series 2006-1 Related
Document.
“ Outstanding ” means, with respect to the Series 2006-1 Notes, the Series 2006-1 Invested Amount shall not have been reduced to
zero and all accrued interest and other amounts owing on the Series 2006-1 Notes and to the Administrative Agent, the Funding Agents, the CP
Conduit Purchasers and the APA Banks hereunder shall not have been paid in full.
“ Participants ” is defined in Section 12.1(d).
“ Past Due Rent Payment ” is defined in Section 5.2(c).
“ Permitted Principal Draw Amount ” means, as of any date of determination, the excess of (i) the Series 2006-1 Letter of Credit
Liquidity Amount as of such date over (ii) the Series 2006-1 Required Letter of Credit Liquidity Amount as of such date; provided that, on and
after the Series 2006-1 Legal Final Maturity Date, the “Permitted Principal Draw Amount” shall equal the Series 2006-1 Letter of Credit
Amount.
“ Post-Termination Date Cumulative Undrawn Amount ” means, as of any date of determination, the excess of (a) the amount that
BRAC failed to pay under the Series 2006-1 Demand Notes upon a draw by the Trustee pursuant to Section 5.5(d)(ii) (or, the amount that the
Trustee failed to demand for payment thereunder) in respect of the Series 2006-1 Termination Date over (b) the aggregate amount drawn under
the Series 2006-1 Letter of Credit pursuant to either Section 5.5(d)(iii) or Section 5.5(e) prior to such date of determination.
“ Preference Amount ” means any amount previously distributed to a member or members of a Purchaser Group on or relating to a
Series 2006-1 Note that is recoverable or that has been recovered as a voidable preference by the trustee in a bankruptcy proceeding of BRAC
pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a
court having competent jurisdiction.
“ Pre-Preference Period Demand Note Payments ” means, as of any date of determination, the aggregate amount of all proceeds of
demands made on the Series 2006-1 Demand Notes included in the Series 2006-1 Demand Note Payment Amount as of the Series 2006-1 Letter
of Credit Termination Date that were paid by BRAC more than one year before
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