Avis 2010 Annual Report Download - page 327

(e) Series 2006-1 Enhancement Deficiency . After giving effect to the issuance of the Series 2006-1 Notes, no Series 2006-1
Enhancement Deficiency shall exist.
(f) Lien Searches . The Administrative Agent shall have received a written search report listing all effective financing statements that
name CPF or BTR as debtor or assignor and that are filed in the State of Delaware and in any other jurisdictions that the Administrative
Agent determines are necessary or appropriate, together with copies of such financing statements, and tax and judgment lien searches
showing no such liens that are not permitted by the Base Indenture, this Series Supplement or the Series 2006-1 Related Documents.
(g) Legal Opinions . The Administrative Agent shall have received, with a counterpart addressed to each CP Conduit Purchaser and
the Funding Agent, the Program Support Provider and the APA Banks with respect to such CP Conduit Purchaser and the Trustee,
opinions of counsel required by Section 2.2(b) of the Base Indenture and opinions of counsel with respect to such other matters as may be
reasonably requested by any Funding Agent, in form and substance reasonably acceptable to the addressees thereof and their counsel.
(h) Fees and Expenses . Each Funding Agent with respect to a CP Conduit Purchaser shall have received payment of all fees, out-of-
pocket expenses and other amounts due and payable to such CP Conduit Purchaser or the APA Banks with respect to such CP Conduit
Purchaser on or before the Effective Date.
(i) Establishment of Accounts . The Administrative Agent shall have received written evidence reasonably satisfactory to it that the
Collection Account, the Group I Collection Account (and the Series 2006-1 Collection Account, the Series 2006-
1 Reserve Account, Series
2006-1 Principal Subaccount and the Series 2006-1 Accrued Interest Account as administrative subaccounts within the Group I Collection
Account), the Series 2006-1 Cash Collateral Account and the Series 2006-
1 Distribution Account shall have been established in accordance
with the terms and provisions of the Indenture.
(j) Opinion . The Administrative Agent shall have received, with a counterpart addressed to each CP Conduit Purchaser and the
Funding Agent, the Program Support Provider and the APA Banks with respect such CP Conduit Purchaser, an opinion of counsel to the
Trustee as to the due authorization, execution and delivery by the Trustee of this Series Supplement and the due execution, authentication
and delivery by the Trustee of the Series 2006-1 Notes.
(k) Truck Schedules . The Administrative Agent shall have received a copy of Attachment A and Attachment B to the Group I CPF
Lease at least two Business Days prior to the Series 2006-1 Closing Date.
(l) Commercial Paper Ratings
. The Administrative Agent shall have received confirmation of the ratings of the Commercial Paper of
each of the CP Conduit
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