Avis 2010 Annual Report Download - page 280

one-hundred percent (100%) minus (y) the Series 2006-1 Required Letter of Credit Liquidity Percentage as of such date.
“ Series 2006-1 Adjusted Required Enhancement Percentage ” means, as of any date of determination, the greater of (a) the Series
2006-1 Required Enhancement Percentage as of such date and (b) the sum of (i) Series 2006-1 Required Enhancement Percentage as of such
date plus (ii) an amount (not less than zero) equal to 100% minus the Series 2006-1 Enhancement Adjustment Percentage with respect to date.
“ Series 2006-1 Agent ” is defined in the recitals hereto.
“ Series 2006-1 Available Cash Collateral Account Amount ” means, as of any date of determination, the amount on deposit in the
Series 2006-1 Cash Collateral Account (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date).
“ Series 2006-1 Available Reserve Account Amount ” means, as of any date of determination, the amount on deposit in the Series
2006-1 Reserve Account (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date).
“ Series 2006-1 Back-up Administration Fees ” means, for any Distribution Date during the Series 2006-
1 Rapid Amortization Period
on which there exists a Series 2006-1 Lease Interest Payment Deficit, an amount equal to the product of (x) the fees due and payable to the
Group I Back-up Administrator pursuant to the terms of the Group I Back-up Administration Agreement and (y) the Series 2006-1 Invested
Percentage (as used with respect to Principal Collections).
“ Series 2006-1 Borrowing Base ” means, as of any date of determination, the sum of (a) the product of (i) the Borrowing Base with
respect to the Group I Series of Notes and (ii) the Series 2006-1 Borrowing Base Percentage as of such date and (b) the amount on deposit in the
Series 2006-1 Principal Subaccount as of such date.
“ Series 2006-1 Borrowing Base Percentage ” means, as of any date of determination, the percentage equivalent of a fraction, the
numerator of which is the sum of the Series 2006-1 Invested Amount and the Series 2006-1 Overcollateralization Amount as of the end of the
immediately preceding Business Day and the denominator of which is the sum of the numerators used to determine invested percentages for
allocations with respect to Principal Collections (for all Group I Series of Notes and all classes of such Group I Series of Notes).
“ Series 2006-1 Cash Collateral Account ” is defined in Section 5.8(e).
“ Series 2006-1 Cash Collateral Account Collateral ” is defined in Section 5.8(a).
“ Series 2006-1 Cash Collateral Account Surplus ” means, with respect to any Distribution Date, the lesser of (a) the Series 2006-1
Available Cash Collateral Account Amount and (b) the least of (A) the excess, if any, of the Series 2006-1 Letter of Credit Liquidity Amount
(after giving effect to any withdrawal from the Series 2006-1 Reserve Account on such Distribution Date) over the Series 2006-1 Required
Letter of Credit Liquidity Amount on such Distribution Date, (B) the excess, if any, of the Series 2006-1 Enhancement Amount over the
23