Avis 2010 Annual Report Download - page 596

(iv) the Administrator shall fail to comply with any applicable law, rule or regulation, which failure would have a Material Adverse
Effect.
The Administrator agrees that if any Administrator Default shall occur, it shall give written notice thereof to each other party hereto promptly
after the happening of such event, but in no event longer than seven (7) days thereafter.
(d) No removal of the Administrator pursuant to this Section 12 shall be effective until (i) a successor Administrator acceptable to the
Trustee and each Enhancement Provider with respect to each Group II Series of Notes, if any, shall have been appointed by CPF and the Trustee
and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder. CPF shall provide written notice of any such removal to the Trustee and each such Enhancement Provider.
(e) The appointment of any successor Administrator shall be effective only upon the satisfaction of the Rating Agency Condition
with respect to each Group II Series of Notes Outstanding.
13. Action upon Termination or Removal . Promptly upon the effective date of termination of this Agreement pursuant to Section 12
(a) or the removal of the Administrator pursuant to Section 12(c), the Administrator shall be entitled to be paid all fees and reimbursable
expenses accruing to it to the date of such termination or removal. The Administrator shall forthwith upon such termination pursuant to
Section 12(a) deliver to CPF all property and documents of or relating to the Collateral and the Group II Collateral then in the custody of the
Administrator. In the event of the removal of the Administrator pursuant to Section 12(c), the Administrator shall cooperate with CPF and the
Trustee and take all reasonable steps requested to assist CPF and the Trustee in making an orderly transfer of the duties of the Administrator,
including, without limitation, delivering to a successor Administrator all property and documents of or relating to the Collateral and the Group II
Collateral then in the custody of the retiring Administrator.
14. Notices . Any notice, report or other communication given hereunder shall be in writing and addressed as follows:
Centre Point Funding, LLC
6 Sylvan Way
Parsippany, NJ 07054
Attention: Treasurer
Telephone: [phone]
Fax: [phone]
Budget Truck Rental LLC
6 Sylvan Way
10
(a)
If to CPF, to:
(b)
If to the Administrator, to: