Avis 2010 Annual Report Download - page 562

EXHIBIT D
to
Series 2010-
1
Supplement
DEMAND NOTE
(Series 2010-1)
FOR VALUE RECEIVED, the undersigned, Budget Rent A Car System, Inc., a Delaware corporation (the “ Demand Note Issuer ”),
promises to pay to the order of CENTRE POINT FUNDING, LLC, a Delaware corporation, or its permitted assigns (“ Holder ”) on any date of
demand (each, a “ Demand Date ”) the principal sum of $[ ].
Definitions . Capitalized terms used, but not defined, in this Demand Note shall have the respective meanings assigned to them in the Amended
and Restated Base Indenture, dated as of March 9, 2010 (as may be amended, restated, supplemented or modified from time to time, exclusive of
Series Supplements thereto creating a new Series of Notes, the “ Base Indenture ”), between CENTRE POINT FUNDING, LLC and The Bank
of New York Mellon Trust Company, N.A., a national banking association, as trustee (in such capacity, the “ Trustee ”), as supplemented by the
Series 2010-1 Supplement, dated as of March 9, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “ Series
2010-1 Supplement ”),
between CENTRE POINT FUNDING, LLC and The Bank of New York Mellon Trust Company, N.A., as Trustee, Series
2010-1 Agent and Securities Intermediary.
Principal . The outstanding principal balance (or any portion thereof) of this Demand Note shall be due and payable on each Demand Date to the
extent demand is made therefor by Holder. No portion of the outstanding principal amount of this Demand Note may be voluntarily prepaid.
Calculation of Principal . The outstanding principal balance as of any day shall be the outstanding principal balance as of the beginning of such
day, less any payments of principal credited to the Demand Note Issuer’
s account on that day. The records of Holder with respect to amounts due
and payments received hereunder shall be presumed to be correct evidence thereof.
Maturity Date . On the Demand Date on which payment of the remaining principal balance of this Demand Note is to be made, or such earlier
date as payment of the indebtedness evidenced hereby shall be due, whether by mandatory prepayment, acceleration or otherwise (the “
Maturity
Date ”), the entire outstanding principal balance of this Demand Note, together with any other sums then outstanding under this Demand Note,
shall be due and payable.
Payments . All payments shall be made in lawful money of the United States of America by wire transfer in immediately available funds and
shall be applied first to fees and costs, including collection costs, if any, next to principal. Payments shall be made to the account designated in
the written demand for payment.
Collection Costs . The Demand Note Issuer agrees to pay all costs of collection of this Demand Note, including, without limitation, reasonable
attorney
’
s fees, paralegal
’
s fees and other legal costs (including court costs) incurred in connection with consultation, arbitration and litigation
New York, New York
$[
]
[
], 20[
]