Avis 2010 Annual Report Download - page 510

“ Measurement Month Average ” means, with respect to any Measurement Month, the percentage equivalent of a fraction, the
numerator of which is the aggregate amount of Disposition Proceeds of all Group II CPF Trucks sold during such Measurement Month and the
two Measurement Months immediately preceding such Measurement Month, and the denominator of which is the aggregate Termination Value
of such Group II CPF Trucks on the dates of their respective sales.
“ Monthly Principal Payment Amount ” is defined in Section 4.5(a).
“ Moody’s ” means Moody’s Investors Service.
“ Non-Group II Collateral ” is defined in Section 1.1(d).
“ Outstanding ” means, with respect to the Series 2010-1 Notes, the Series 2010-1 Invested Amount shall not have been reduced to
zero and all accrued interest and other amounts owing on the Series 2010-1 Notes hereunder shall not have been paid in full; provided ,
however , that in determining whether the Required Investors, the Requisite Investors, the Required Noteholders of the Series 2010-1 Notes, or
the Required Group Investors or Requisite Group Investors of the Group II Series of Notes have given any consent or direction, exercised any
other right or taken any other action, Series 2010-1 Notes owned by CPF will be considered as though they are not Outstanding; provided ,
further , that in connection with any such consent, direction, other right or other action in which Series 2010-1 Notes owned by ABCR or any
Affiliate of CPF or ABCR would represent, in aggregate, more than 25% of the Series 2010-1 Invested Amount, Series 2010-1 Notes owned by
ABCR or any Affiliate of CPF or ABCR in excess of such amount will be considered as though they are not Outstanding on a pro rata basis
(with respect to the principal amount of such Series 2010- 1 Notes).
“ Past Due Rent Payment ” is defined in Section 4.2(c).
“ Preference Amount ” means any amount previously distributed to a Series 2010-1 Noteholder on or relating to a Series 2010-
1 Note
that is recoverable or that has been recovered as a voidable preference by the trustee in a bankruptcy proceeding of the Demand Note Issuer
pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a
court having competent jurisdiction.
“ Pre-Preference Period Demand Note Payments ” means, as of any date of determination, the aggregate amount of all proceeds of
demands made on the Series 2010-1 Demand Notes included in the Series 2010-1 Demand Note Payment Amount as of the Series 2010-1 Letter
of Credit Termination Date that were paid by the Demand Note Issuer more than one year before such date of determination; provided ,
however , that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a
period of 60 consecutive days) with respect to the Demand Note Issuer occurs during such one-year period, (x) the Pre-Preference Period
Demand Note Payments as of any date during the period from and including the date of the occurrence of such Event of Bankruptcy to and
including the conclusion or dismissal of the proceedings giving rise to such Event of Bankruptcy without continuing jurisdiction by the court in
such proceedings shall equal the Pre-Preference Period Demand Note Payments as of the date of such occurrence and (y) the Pre-Preference
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