Avis 2010 Annual Report Download - page 515

denominator of which shall be the greater as of the end of the immediately preceding Business Day of (x) the Borrowing Base with respect
to the Group II Series of Notes and (y) the sum of the numerators used to determine invested percentages for allocations with respect to
Principal Collections (for all Group II Series of Notes and all classes of such Group II Series of Notes); and
(b) when used with respect to Interest Collections, the percentage equivalent (which percentage shall never exceed 100%) of a
fraction the numerator of which shall be the Accrued Amounts with respect to the Series 2010-1 Notes on such date of determination, and
the denominator of which shall be the aggregate Accrued Amounts with respect to all Group II Series of Notes on such date of
determination.
“ Series 2010-1 Lease Interest Payment Deficit ” means on any Distribution Date an amount equal to the excess, if any, of (a) the
aggregate amount of Interest Collections which pursuant to Section 4.2(a) would have been allocated to the Series 2010-1 Accrued Interest
Account if all payments of Monthly Base Rent required to have been made under the Group II CPF Lease from and excluding the preceding
Distribution Date to and including such Distribution Date were made in full over (b) the aggregate amount of Interest Collections which pursuant
to Section 4.2(a) have been allocated to the Series 2010-1 Accrued Interest Account (excluding any amounts paid into the Series 2010-
1 Accrued
Interest Account pursuant to the proviso in Section 4.2(a)(ii)) from and excluding the preceding Distribution Date to and including such
Distribution Date.
“ Series 2010-1 Lease Payment Deficit ” means either a Series 2010-1 Lease Interest Payment Deficit or a Series 2010-1 Lease
Principal Payment Deficit.
“ Series 2010-1 Lease Principal Payment Carryover Deficit ” means (a) for the initial Distribution Date, zero and (b) for any other
Distribution Date, the excess of (x) the Series 2010-1 Lease Principal Payment Deficit, if any, on the preceding Distribution Date over (y) the
amount deposited in the Distribution Account on such preceding Distribution Date pursuant to Section 4.5(c)(i) and (ii) of this Series
Supplement on account of such Series 2010-1 Lease Principal Payment Deficit.
“ Series 2010-1 Lease Principal Payment Deficit ” means on any Distribution Date the sum of (a) the Series 2010-1 Monthly Lease
Principal Payment Deficit for such Distribution Date and (b) the Series 2010-1 Lease Principal Payment Carryover Deficit for such Distribution
Date.
“ Series 2010-1 Letter of Credit ” means an irrevocable letter of credit, if any, substantially in the form of Exhibit E to this Series
Supplement issued by a Series 2010-1 Eligible Letter of Credit Provider in favor of the Trustee for the benefit of the Series 2010-1 Noteholders.
“ Series 2010-1 Letter of Credit Amount ” means, as of any date of determination, the lesser of (a) the sum of (i) the aggregate
amount available to be drawn on such date under each Series 2010-1 Letter of Credit, as specified therein, and (ii) if the Series 2010-1 Cash
Collateral Account has been established and funded pursuant to Section 4.8, the Series 2010-1
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