Avis 2010 Annual Report Download - page 445

18.1.8. the Pension Benefit Guaranty Corporation or the Internal Revenue Service shall have filed notice of one or more liens
against the Lessee (unless such lien does not purport to cover the Collateral or the Group I Collateral or any amount payable under
this Agreement), and, in the case of notice filed by the Internal Revenue Service, such notice shall have remained in effect for more
than 30 days unless, prior to the expiration of such period, the Lessee shall have provided the Lessor with a bond in an amount at
least equal to the amount of such lien or, in the case of any such lien in an amount less than $1,000,000, the Lessee shall have
established to the reasonable satisfaction of the Lessor that such lien is being contested in good faith and that adequate reserves have
been established in respect of the claim giving rise to such lien.
18.2. Effect of Lease Event of Default or Liquidation Event of Default . If any Lease Event of Default described in Section 18 or any
Liquidation Event of Default shall occur, the Lessor, acting at the direction of the Trustee may terminate this Agreement and then (x) any
accrued and unpaid Monthly Base Rent, Supplemental Rent and all other charges and payments accrued but unpaid under this Agreement
(calculated as if the full amount of interest on each Group I Series of Notes was then due and payable in full) shall, automatically, without
further action by the Lessor or the Trustee, become immediately due and payable and (y) the Lessee shall, at the request of the Lessor or
the Trustee, return or cause to be returned all Group I Trucks (and the Administrator shall deliver, or cause to be delivered, to the Trustee
the Certificates of Title relating thereto) to the Lessor or the Trustee.
18.3. Rights of Lessor Upon Lease Event of Default, Limited Liquidation Event of Default or Liquidation Event of Default . If a
Lease Event of Default, Limited Liquidation Event of Default or Liquidation Event of Default shall occur, then the Lessor or the Trustee at
its option may:
(i) Proceed by appropriate court action or actions, either at law or in equity, to enforce performance by the Lessee or the
Guarantor of the applicable covenants and terms of this Agreement or to recover damages for the breach hereof calculated in
accordance with Section 18.5 ; or
(ii) By notice in writing to the Lessee, terminate this Agreement in its entirety and/or the right of possession hereunder of the
Lessee of the Group I Trucks, and the Lessor or the Trustee may direct delivery by the Lessee or the Guarantor (or the Administrator
or its agent on behalf of the Lessee or the Guarantor) of documents of title to the Group I Trucks, whereupon all rights and interests
of the Lessee or the Guarantor to the Group I Trucks will cease and terminate and the Guarantor will remain liable hereunder as
herein provided, provided , however , that their liability will be calculated in accordance with Section 18.5 ); and thereupon, the
Lessor or the Trustee or its agents may peaceably enter upon the premises of the Lessee or other premises where the Group I Trucks
may be located and take possession of them and thenceforth hold, possess and enjoy the same free from any right of the Lessee or the
Guarantor, or their successors or assigns, to use the Group I Trucks for any purpose whatsoever, and the Lessor will, nevertheless,
have a right to recover from the Lessee or the Guarantor any and all
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