Avis 2010 Annual Report Download - page 291

(b) The Administrative Agent shall maintain a record of the actual Purchaser Group Invested Amount outstanding with respect to
each Purchaser Group and the actual Series 2006-1 Invested Amount outstanding on any date of determination, which, absent manifest error,
shall constitute prima facie evidence of the outstanding Purchaser Group Invested Amounts and outstanding Series 2006-1 Invested Amount
from time to time. Upon a written request from the Trustee, the Administrative Agent shall provide in writing the identity of the Purchaser
Groups, the related Funding Agents, the Purchaser Group Invested Amount for each Purchaser Group and the Pro Rata Share with respect to
such Purchaser Group to the Trustee.
Section 3.3 Procedure for Issuance of the Series 2006-1 Initial Invested Amount and for Increasing the Series 2006-1 Invested
Amount .
(a) Subject to Section 3.3(c), (i) on the Series 2006-1 Closing Date or any date thereafter, each CP Conduit Purchaser may agree, in
its sole discretion, to purchase, and the APA Banks with respect to such CP Conduit Purchaser shall purchase, a Series 2006-1 Note in
accordance with Section 3.1; and (ii) on any Business Day during the Series 2006-1 Revolving Period or, to the extent set forth below, on the
Second Restatement Effective Date, each CP Conduit Purchaser may agree, in its sole discretion, that the Purchaser Group Invested Amount
with respect to such Purchaser Group may be increased by an amount equal to the Commitment Percentage with respect to such Purchaser Group
of the Increase Amount and each APA Bank with respect to such CP Conduit Purchaser hereby agrees that the Purchaser Group Invested
Amount with respect to such Purchaser Group may be increased by an amount equal to its APA Bank Percentage of the Commitment Percentage
with respect to such Purchaser Group of the Increase Amount (an “ Increase ”), upon the request of CPF (each date upon which an Increase
occurs hereunder being referred to as the “ Increase Date ” applicable to such Increase); provided , that CPF shall have given the Administrative
Agent (with a copy to the Trustee) irrevocable written notice (effective upon receipt), by telecopy (receipt confirmed), substantially in the form
of Exhibit B hereto, of such request no later than 3:00 p.m. (New York City time) on the second Business Day prior to the Series 2006-
1 Closing
Date or such Increase Date (except with respect to the Increase occurring on the Second Restatement Effective Date for which no such written
notice shall be required), as the case may be. Such notice shall state (x) the Series 2006-1 Closing Date or the Increase Date, as the case may be,
and (y) the initial aggregate principal amount of the Series 2006-1 Note (the “ Series 2006-1 Initial Invested Amount ”) or the proposed amount
of the Increase (each, together with the Second Restatement Date Increase Amount, an “ Increase Amount ”), as the case may be.
Notwithstanding anything to the contrary contained in this Series Supplement, the Base Indenture or any other Series 2006
-1 Related Document,
the Second Restatement Effective Date shall be an Increase Date pursuant to which the Series 2006-1 Invested Amount shall be Increased by an
amount equal to the Second Restatement Date Increase Amount in accordance with the terms of this Section 3.3(a). Subject to the terms and
conditions of this Series Supplement, each Purchaser Group shall fund its pro rata portion of the Second Restatement Date Increase Amount on
the Second Restatement Effective Date in proportion to its applicable Commitment Percentage.
(b) If a CP Conduit Purchaser elects not to fund the full amount of its Commitment Percentage of the Series 2006-1 Initial Invested
Amount or a requested Increase, such CP Conduit Purchaser shall notify the Administrative Agent and the Funding Agent with respect to such
CP Conduit Purchaser, and each APA Bank with respect to such CP Conduit
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