Avis 2010 Annual Report Download - page 287

Series 2006-1 Enhancement, the Group I CPF Lease and the Supplemental Documents relating to the Group I CPF Lease.
“ Series 2006-1 Required Borrowing Base ” means, as of any date of determination, the sum of (a) the Series 2006-1 Required
Overcollateralization Amount as of such date and (b) the Series 2006-1 Invested Amount as of such date.
“ Series 2006-1 Required Enhancement Amount ” means, as of any date of determination, the product of (i) the Series 2006-1
Adjusted Required Enhancement Percentage as of such date and (ii) the Series 2006-1 Invested Amount as of such date.
“ Series 2006-1 Required Enhancement Percentage ” means, as of any date of determination, 50.0%.
“ Series 2006-1 Required Letter of Credit Liquidity Amount ” means, as of any date of determination, the product of (a) the Series
2006-1 Required Letter of Credit Liquidity Percentage and (b) the Series 2006-1 Adjusted Invested Amount as of such date.
“ Series 2006-1 Required Letter of Credit Liquidity Percentage ” means, as of any date of determination, 14%.
“ Series 2006-1 Required Liquid Enhancement Amount ” means, as of any date of determination, the product of (i) the Series 2006-1
Required Liquid Enhancement Percentage as of such date and (ii) the Series 2006-1 Invested Amount as of such date; provided that ,
notwithstanding the foregoing, the Series 2006-1 Required Liquid Enhancement Amount shall at no time be less than the lesser of (x) the Series
2006-1 Invested Amount and (y) $10 million.
“ Series 2006-1 Required Liquid Enhancement Percentage ” means, as of any date of determination, 31%.
“ Series 2006-1 Required Noteholders ” means Purchaser Groups having Purchaser Group Invested Amounts, in the aggregate,
exceeding 50% of the Series 2006-1 Invested Amount.
“ Series 2006-1 Required Overcollateralization Amount ” means, as of any date of determination, the excess of (a) the Series 2006-1
Required Enhancement Amount as of such date over (b) the sum of (i) the Series 2006-1 Letter of Credit Amount as of such date and (ii) the
Series 2006-1 Available Reserve Account Amount as of such date.
“ Series 2006-1 Required Reserve Account Amount ” means, with respect to any Distribution Date, an amount equal to the sum of
(a) the greater of (i) the excess, if any, of the Series 2006-1 Required Liquid Enhancement Amount on such Distribution Date over the Series
2006-1 Liquid Enhancement Amount on such Distribution Date (excluding therefrom the Series 2006-1 Available Reserve Account Amount)
and (ii) the excess, if any, of the Series 2006-1 Required Enhancement Amount over the Series 2006-1 Enhancement Amount on such
Distribution Date (excluding therefrom the Series 2006-1 Available Reserve Account Amount) plus (b) the Demand Note Preference Payment
Amount.
30