Avis 2010 Annual Report Download - page 389

ANNEX A
CERTIFICATE OF LEASE DEFICIT DEMAND
[Series 2006-1 Letter of Credit Provider]
[Address]
Attention: [ ]
Certificate of Lease Deficit Demand under the Irrevocable Letter of Credit No. [ ] (the “ Series 2006-1 Letter of Credit ”; the
terms defined therein and not otherwise defined herein being used herein as therein defined or incorporated), dated as of [ ], 20[ ],
issued by [ ], as the Series 2006-1 Letter of Credit Provider, in favor of The Bank of New York Mellon Trust Company, N.A., as trustee
(the “ Trustee ”), under that certain Amended and Restated Base Indenture, dated as of March 9, 2010, between the Trustee and CENTRE
POINT FUNDING, LLC (“ CPF ”), as amended or supplemented (exclusive of any Series Supplement creating a new Series of Notes), and as
further supplemented by that certain Second Amended and Restated Series 2006-1 Supplement thereto (the “ Series 2006-1 Supplement ” and,
together with the Base Indenture, the “ Indenture ”), dated as of December 3, 2010, among CPF, Budget Truck Rental LLC, as Administrator,
Deutsche Bank Securities, Inc., as Administrative Agent, the CP Conduit Purchasers, the APA Banks and the Funding Agents named therein, the
Trustee and The Bank of New York Mellon Trust Company, N.A., as Series 2006-1 Agent.
The undersigned, a duly authorized officer of the Trustee, hereby certifies to the Series 2006-1 Letter of Credit Provider as follows:
1. [ ] is the Trustee under the Indenture.
2. [The Trustee is making a drawing under the Series 2006-1 Letter of Credit as required by Section 5.3(d) of the Series 2006-1
Supplement in an amount equal to $ (the “ Interest Lease Deficit Disbursement ”), which amount is equal to the lesser of (i) the
product of (A) the Series 2006-1 Letter of Credit Provider’s Pro Rata Share as of the date hereof and (B) the lesser of (x) the Series 2006-
1 Lease
Interest Payment Deficit, and (y) the excess, if any, of (A) the sum of (1) the Series 2006-1 Monthly Interest for the Series 2006-
1 Interest Period
ending on the day preceding the related Distribution Date, (2) the Series 2006-1 Interest Rate Hedge Payments payable on such Distribution
Date, (3) the Commitment Fees for each Purchase Group for the Series 2006-1 Interest Period ending on the day preceding the related
Distribution Date, (4) any unpaid Series 2006-1 Shortfall as of the date hereof and (5) during the Series 2006-1 Rapid Amortization Period, the
Series 2006-1 Trustee Fees, the Series 2006-1 Disposition Agent Fees and the Series 2006-1 Back-up Administration Fees for such Distribution
Date, over (B) the sum of (1) the amounts available from the Series 2006-1 Accrued Interest Account on the date hereof plus (2) the amount
withdrawn from the Series 2006-1 Reserve Account pursuant to Section 5.3(b) of the Series 2006-1 Supplement, and (ii) the Letter of Credit
Amount as in effect on the date of this certificate.] [The Trustee is making a drawing under the Series 2006-1 Letter of Credit as required by
Section 5.5(c)(ii) of the Series 2006-1 Supplement in an amount equal to $ (the “ Principal Lease Deficit Disbursement ”), which
amount is equal to the lesser of (i) the product of (A) the Series 2006
-
1 Letter of Credit