Avis 2010 Annual Report Download - page 324

(n) CPF fails to obtain and deliver to the Trustee and Administrative Agent, within six weeks of the Closing Date, evidence of
confirmation of qualification of CPF to do business in each State in the United States of America and the District of Columbia in the form
as issued by each such State and the District of Columbia;
(o) any final and unappealable (or, if capable of appeal, such appeal is not being diligently pursued or enforcement thereof has not
been stayed) judgment or order for the payment of money in excess of $100,000 which is not fully covered by insurance is rendered
against CPF and such judgment or order continues unsatisfied and unstayed for a period of thirty (30) days;
(p) (i) Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Guarantor ending with
any fiscal quarter set forth below (commencing with the fiscal quarter ending September 30, 2010) shall exceed the ratio set forth below
opposite such fiscal quarter:
or (ii) the Consolidated Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Guarantor ending with any
fiscal quarter set forth below (commencing with the fiscal quarter ending September 30, 2010), shall be less than the ratio set forth below
opposite such fiscal quarter:
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Fiscal Quarter ending
Consolidated
Leverage Ratio
September 30, 2010
5.75 to 1.00
December 31, 2010
5.50 to 1.00
March 31, 2011
5.50 to 1.00
June 30, 2011
5.25 to 1.00
September 30, 2011
5.00 to 1.00
December 31, 2011
4.75 to 1.00
March 31, 2012
4.75 to 1.00
June 30, 2012
4.75 to 1.00
September 30, 2012
4.50 to 1.00
December 31, 2012
4.50 to 1.00
March 31, 2013
4.50 to 1.00
June 30, 2013
4.50 to 1.00
September 30, 2013
4.25 to 1.00
December 31, 2013
4.25 to 1.00
March 31, 2014
4.25 to 1.00
Fiscal Quarter ending
Consolidated
Interest Coverage Ratio
September 30, 2010
1.30 to 1.00
December 31, 2010
1.35 to 1.00
March 31, 2011
1.40 to 1.00
June 30, 2011
1.45 to 1.00
September 30, 2011
1.55 to 1.00
December 31, 2011
1.60 to 1.00
March 31, 2012
1.60 to 1.00
June 30, 2012
1.65 to 1.00
September 30, 2012
1.70 to 1.00
December 31, 2012
1.70 to 1.00
March 31, 2013
1.70 to 1.00
June 30, 2013
1.70 to 1.00
September 30, 2013
1.75 to 1.00
December 31, 2013
1.75 to 1.00
March 31, 2014
1.75 to 1.00