Avis 2010 Annual Report Download - page 429

occurrence of a Liquidation Event of Default or a Limited Liquidation Event of Default and subject to the provisions of the Applicable Related
Documents with respect to each Group I Series of Notes, the Trustee shall have all of the rights and remedies of a secured party, including,
without limitation, the rights and remedies granted under the UCC.
(d) The Lessee agrees to deliver to the Lessor and the Trustee on or before the Restatement Effective Date:
(i) a written search report from a Person satisfactory to the Lessor and the Trustee listing all effective financing statements that name
the Lessee as debtor or assignor, and that are filed in the jurisdictions in which filings were made pursuant to clause (ii) below, together
with copies of such financing statements, and tax and judgment lien search reports from a Person satisfactory to the Lessor and the Trustee
showing no evidence of liens filed against the Lessee that purport to affect any Group I Trucks or any Group Specific Collateral specified
as Group I Collateral under the Base Indenture or any related Group I Series Supplement;
(ii) evidence of the filing in the State of Delaware of proper financing statements on Form UCC-1 naming the Lessee, as debtor, and
the Lessor, as secured party, covering the collateral described in Section 2(b) hereof; and
(iii) evidence of the filing in the State of Delaware of proper financing statements on Form UCC-l naming the Lessee, as debtor, and
the Trustee as secured party covering the collateral described in Section 2(b) hereof.
2.1. Lease of Group I Trucks . From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to the Lessee
and the Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the Group I Trucks identified in Attachment A
hereto (which
Attachment A
shall set forth the VIN, the model, model year, the manufacturer, the original Capitalized Cost and the Restatement Effective
Date Net Book Value of each Group I Truck and whether each such Group I Truck is a gas truck or a diesel truck) and (ii) each additional
Group I Truck purchased by the Lessee as agent for the Lessor, as identified in a supplement to Attachment A (in the form of Attachment
B ) setting forth the VIN, the model, model year, the manufacturer, the original Capitalized Cost and the Initial Purchase Net Book Value
of such Group I Truck and whether each such Group I Truck is a gas truck or a diesel truck (each, a “ Vehicle Acquisition Schedule ”),
produced from time to time by such Lessee. The Lessor shall, subject to Section 2.5 below and compliance with the terms of the Base
Indenture and each related Group I Series Supplement, make available Group I Trucks for lease to the Lessee. In addition, each Lessee
shall provide such other information regarding such Group I Trucks as the Lessor may reasonably require from time to time. The Lessor
shall lease to the Lessee, and the Lessee shall lease from the Lessor, only Group I Trucks that are Eligible Trucks. This Agreement and any
other related documents attached to this Agreement (collectively, the “ Supplemental Documents ”), will constitute the entire agreement
regarding the leasing of Group I Trucks by the Lessor to the Lessee.
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