Avis 2010 Annual Report Download - page 615

5.1. Personal Injury and Damage . Insurance coverage as set forth in Section 26.3 hereof. In addition, the Lessee will maintain with
respect to the Lessee’s properties and businesses insurance against loss or damage of the kind customarily insured against by corporations,
limited liability companies or other entities engaged in the same or similar businesses, of such types and in such amounts as are
customarily carried by such similarly situated corporations.
5.2. Delivery of Certificate of Insurance . Within 10 days after the Initial Group II Closing Date, the Lessee or the Guarantor shall
deliver to the Lessor a certificate(s) of insurance naming the Lessor, CPF and the Trustee as additional insureds as to the item required by
Section 26.3 . Such insurance shall not be changed or canceled except as provided below in Section 5.3 .
5.3. Changes in Insurance Coverage . No changes shall be made in any of the foregoing insurance requirements unless the prior
written consent of each of the Lessor and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed
change in such insurance in its sole discretion. The Trustee shall be required to grant its consent to any proposed change in such insurance
upon compliance with the following conditions:
(i) The Lessee or the Guarantor shall deliver not less than 30 days’ prior written notice of any proposed change in such
insurance to the Trustee; and
(ii) The Rating Agency Condition has been satisfied with respect to such change.
6. RISK OF LOSS: CASUALTY OBLIGATIONS .
6.1. Risk of Loss Borne by Lessee . Upon delivery of each Group II Truck to the Lessee, as between the Lessor and the Lessee, the
Lessee assumes and bears the risk of loss, damage, theft, taking, destruction, attachment, seizure, confiscation or requisition with respect to
such Group II Truck, however caused or occasioned, and all other risks and liabilities, including personal injury or death and property
damage, arising with respect to such Group II Truck due to the manufacture, purchase, acceptance, rejection, ownership, delivery, leasing,
subleasing, possession, use, inspection, registration, operation, condition, maintenance, repair, storage, sale, return or other disposition of
such Group II Truck, howsoever arising.
6.2. Casualty . If a Group II Truck becomes a Casualty, then the Lessee will (i) promptly notify the Lessor thereof and (ii) promptly,
but in no event later than the Distribution Date with respect to the Related Month during which such Group II Truck became a Casualty,
pay to the Lessor the Termination Value of such Group II Truck (as of the date such Group II Truck became a
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