Avis 2010 Annual Report Download - page 285

of such date is less than the Series 2006-1 Required Liquid Enhancement Amount as of such date.
“ Series 2006-1 Maximum Invested Amount ” means the sum of the Maximum Purchaser Group Invested Amounts with respect to
each of the Purchaser Groups.
“ Series 2006-1 Monthly Interest ” means, with respect to any Series 2006-
1 Interest Period, an amount equal to the product of (a) the
average daily Series 2006-1 Invested Amount during such Series 2006-1 Interest Period, (b) the Series 2006-1 Note Rate for such Series 2006-1
Interest Period and (c) the number of days in such Series 2006-1 Interest Rate Period divided by 360.
“ Series 2006-1 Monthly Lease Principal Payment Deficit ” means on any Distribution Date an amount equal to the excess, if any, of
(a) the aggregate amount of Principal Collections which pursuant to Section 5.2(a) would have been allocated to the Series 2006-1 Collection
Account if all payments required to have been made under the Group I CPF Lease from and excluding the preceding Distribution Date to and
including such Distribution Date were made in full over (b) the aggregate amount of Principal Collections which pursuant to Section 5.2(a) have
been allocated to the Series 2006-1 Collection Account (without giving effect to any amounts paid into the Series 2006-1 Accrued Interest
Account pursuant to the proviso in Section 5.2(a)(ii)) from and excluding the preceding Distribution Date to and including such Distribution
Date.
“ Series 2006-1 Note ” means any one of the Series 2006-1 Variable Funding Rental Truck Asset Backed Notes, executed by CPF
and authenticated and delivered by or on behalf of the Trustee, substantially in the form of Exhibit A . Definitive Series 2006-1 Notes shall have
such insertions and deletions as are necessary to give effect to the provisions of Section 2.19 of the Base Indenture.
“ Series 2006-1 Note Rate ” means for any Series 2006-1 Interest Period, the interest rate equal to the product of (a) the percentage
equivalent of a fraction, the numerator of which is equal to the sum of the Monthly Funding Costs with respect to each Purchaser Group for such
Series 2006-1 Interest Period and the denominator of which is equal to the average daily Series 2006-1 Invested Amount during such Series
2006-1 Interest Period and (b) a fraction, the numerator of which is 360 and the denominator of which is the number of days in such Series 2006-
1 Interest Period; provided , however , that the Series 2006-1 Note Rate will in no event be higher than the maximum rate permitted by
applicable law.
“ Series 2006-1 Noteholder ” means a Person in whose name a Series 2006-1 Note is registered in the Note Register.
“ Series 2006-1 Other Account Collateral ” is defined in Section 5.9(d).
“ Series 2006-1 Overcollateralization Amount ” means (i) as of any date on which no Borrowing Base Deficiency exists with respect
to the Group I Series of Notes, the Series 2006-1 Required Overcollateralization Amount as of such date and (ii) as of any date on which a
Borrowing Base Deficiency exists with respect to the Group I Series of Notes, the excess, if any,
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