Avis 2010 Annual Report Download - page 587

Exhibit 10.88
ADMINISTRATION AGREEMENT
(GROUP II)
This ADMINISTRATION AGREEMENT (GROUP II), dated as of March 9, 2010 (this “ Agreement ”), is by and among CENTRE
POINT FUNDING, LLC, a special purpose limited liability company established under the laws of Delaware (“ CPF ”), BUDGET TRUCK
RENTAL LLC, a Delaware limited liability company (“ BTR ”), as administrator (the “ Administrator ”), and THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A., a national banking association, not in its individual capacity but solely as Trustee (the “ Trustee ”) under
that certain Amended and Restated Base Indenture, dated as of March 9, 2010 (as amended, modified or supplemented from time to time in
accordance with the provisions thereof, the “ Base Indenture ”), between CPF and the Trustee.
WHEREAS, CPF has entered into the Series 2010-1 Related Documents (as defined in that certain Series 2010-1 Supplement to
Amended and Restated Base Indenture, dated as of March 9, 2010 (the “ Series 2010-1 Supplement ”), among CPF, BTR and the Trustee) to
which it is a party in connection with the issuance of the Rental Truck Asset Backed Notes, Series 2010-1 (the “ Series 2010-1 Notes ”),
pursuant
to the Base Indenture and the Series 2010-1 Supplement;
WHEREAS, CPF may from time to time enter into additional Series Supplements and other related documents in connection with the
issuance of additional Series of Notes that are each designated in the related Series Supplement as a “Group II Series of Notes” (
each such Series
of Notes, together with the Series 2010-1 Notes, the “ Group II Series of Notes ”) pursuant to the Base Indenture and the applicable Series
Supplements thereto (such Series Supplements, together with the Series 2010-1 Supplement, the “ Group II Series Supplements ”, and the Base
Indenture, together with all Group II Series Supplements thereto, the “ Indenture ”);
WHEREAS, pursuant to the Series 2010-1 Related Documents and the Applicable Related Documents entered into in connection
with the issuance of additional Group II Series of Notes (collectively, the “ Group II Related Documents ”), CPF is required to perform certain
duties in connection with the Group II Series of Notes and the related Group Specific Collateral pledged therefor pursuant to the Indenture (the “
Group II Collateral ”);
WHEREAS, CPF desires to have the Administrator perform certain of its respective duties under the Group II Related Documents
and provide such additional services consistent with the terms of this Agreement and the Group II Related Documents as CPF may from time to
time request; and
WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for
CPF on the terms set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: