Avis 2010 Annual Report Download - page 289

based on the Termination Value Curve Schedule attached to the Group I CPF Lease after giving effect to the amendments (including the
inclusion of a new Termination Value Curve Schedule) to the Group I CPF Lease on the Second Restatement Effective Date.
“ Series 2006-1 Unpaid Demand Amount ” means, with respect to any single draw pursuant to Section 5.5(c), (d) or (e) on the Series
2006-1 Letters of Credit, the aggregate amount required to be drawn by the Trustee on all Series 2006-1 Letters of Credit.
“ Statutory Reserve Rate ” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator
of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or
supplemental reserves) expressed as a decimal (rounded up to the nearest 1/100th of 1%) established by the Board with respect to the Adjusted
LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to Regulation D. Eurodollar Tranches shall be deemed to constitute eurocurrency funding and
to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to
time under such Regulation D or comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective
date of any change in the reserve percentage.
“ Taxes ” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any
Governmental Authority.
“ Termination Date Disbursement ” means an amount drawn under a Series 2006-1 Letter of Credit pursuant to a Certificate of
Termination Date Demand.
“ Termination Disbursement ” means an amount drawn under a Series 2006-1 Letter of Credit pursuant to a Certificate of
Termination Demand.
“ Transfer Supplement ” is defined in Section 12.1(c).
“ Transferee ” is defined in Section 12.1(f).
“ Trustee ” is defined in the recitals hereto.
“ Unpaid Demand Note Disbursement ” means an amount drawn under a Series 2006-1 Letter of Credit pursuant to a Certificate of
Unpaid Demand Note Demand.
“ Voting Stock ” of any Person means the common stock or membership interests of such Person and any other security of, or
ownership interest in, such Person having ordinary voting power to elect a majority of the board of directors or a majority of the managers (or
other Persons serving similar functions) of such Person.
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