Avis 2010 Annual Report Download - page 361

EXHIBIT A
REVERSE OF VARIABLE FUNDING NOTE
This Series 2006-1 Note is one of a duly authorized issue of Series 2006-
1 Notes of the Company, designated as its Variable Funding
Rental Truck Asset Backed Notes (herein called the “ Series 2006-1 Notes ”), all issued under (i) an Amended and Restated Base Indenture,
dated as of March 9, 2010 (such Amended and Restated Base Indenture, as amended or modified (exclusive of any Supplements thereto creating
a new Series of Notes), is herein called the “ Base Indenture ”), between the Company and The Bank of New York Mellon Trust Company,
N.A., as trustee (the
“ Trustee ”, which term includes any successor Trustee under the Base Indenture) and (ii) a Second Amended and Restated
Series 2006-1 Supplement dated as of December 3, 2010 (such supplement, as may be amended or modified, is herein called the “ Series 2006-1
Supplement ”), among the Company, Budget Truck Rental LLC, as Administrator, Deutsche Bank Securities, Inc., as Administrative Agent, the
CP Conduit Purchasers, the Funding Agents and APA Banks named therein, the Trustee and The Bank of New York Mellon Trust Company,
N.A., as Series 2006
-1 Agent. The Base Indenture and the Series 2006-1 Supplement are referred to herein as the “ Indenture ”. The Series 2006-
1 Notes are subject to all terms of the Indenture. All terms used in this Series 2006-1 Note that are defined in the Indenture, shall have the
meanings assigned to them in or pursuant to the Indenture.
The Series 2006-1 Notes are and will be equally and ratably secured by the Series 2006-1 Collateral pledged as security therefor as
provided in the Indenture and the Series 2006-1 Supplement.
“ Distribution Date ” means the 20th day of each month, or, if any such date is not a Business Day, the next succeeding Business
Day, commencing March 22, 2010.
As described above, principal of this Series 2006-1 Note shall be payable in the amounts and at the times set forth in the Indenture,
provided, however, the entire unpaid principal amount of this Series 2006-1 Note shall be due and payable on the Series 2006-1 Termination
Date. All principal payments on the Series 2006-1 Notes shall be made pro rata to the Noteholders entitled thereto.
Payments of interest on this Series 2006-1 Note due and payable on each Distribution Date, together with the installment of principal
then due, and any payments of principal made on any Business Day in respect of any Decreases, to the extent not in full payment of this Series
2006-
1 Note, shall be made by wire transfer to the Administrative Agent for the accounts of the Purchaser Groups. Any reduction in the principal
amount of this Series 2006-1 Note (or any one or more predecessor Series 2006-1 Notes) effected by any payments made in accordance with the
terms hereof and of the Indenture shall be binding upon all future Holders of this Series 2006-1 Note and of any Series 2006-1 Note issued upon
the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted thereon.
The Company shall pay interest on overdue installments of interest at a rate per annum equal to the Alternate Base Rate, plus 2% per
annum, to the extent lawful.
This Series 2006
-
1 Note is nontransferable except in accordance with the Series 2006
-
1 Supplement.