Avis 2010 Annual Report Download - page 581

proceeding shall continue undismissed, or unstayed and in effect, for a period of 60 consecutive days; or an order for relief in respect of such
Person shall be entered in an involuntary case under the federal bankruptcy laws or other similar laws now or hereafter in effect; or (b) such
Person shall commence a voluntary case or other proceeding under any applicable bankruptcy, insolvency, reorganization, debt arrangement,
dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) for such Person or for any substantial part of its property, or shall make any
general assignment for the benefit of creditors; or (c) the board of directors of such Person (if such Person is a corporation or similar entity) shall
vote to implement any of the actions set forth in clause (b) above.
IN WITNESS WHEREOF, ABCR has executed and delivered this certificate on this day of , .
Acknowledged and Agreed:
The undersigned hereby acknowledges receipt of the Reimbursement Amount (as defined above) in the amount set forth above and agrees for the
benefit of the Trustee that the undersigned’s Letter of Credit Amount is in an amount equal to $ as of the date hereof after taking into
account the reinstatement of the undersigned’s Letter of Credit Amount by an amount equal to the Reinstatement Amount.
AVIS BUDGET CAR RENTAL, LLC
By:
Name:
Title:
[Series 2010
-
1 Letter of Credit Provider]
By:
Name:
Title: