EX-10.39.B: FOURTH AMENDMENT TO THE AMENDED AND RESTATED SUPPLEMENT
EX-10.39.B 13 y17817exv10w39wb.htm EX-10.39.B: FOURTH AMENDMENT TO THE AMENDED AND RESTATED SUPPLEMENT EX-10.39.B:
Exhibit 10.39(b)
FOURTH AMENDMENT TO THE AMENDED AND RESTATED
SERIES 2002-2 SUPPLEMENT
This FOURTH AMENDMENT TO THE AMENDED AND RESTATED SERIES 2002-2 SUPPLEMENT (this Amendment), dated as of November 28, 2005, amends the Amended and Restated Series 2002-2 Supplement (the Series 2002-2 Supplement), dated as of November 22, 2002, as amended by the First Amendment thereto, dated as of October 30, 2003, the Second Amendment thereto, dated as of June 3, 2004, and the Third Amendment thereto, dated November 30, 2004, and is among CENDANT RENTAL CAR FUNDING (AESOP) LLC, a special purpose limited liability company established under the laws of Delaware (CRCF), CENDANT CAR RENTAL GROUP, INC. (as assignee of Avis Rent A Car System, Inc.), a corporation organized under the laws of Delaware (CCRG), as administrator, JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), a national banking association, as administrative agent, the several commercial paper conduits listed on Schedule I thereto (each a CP Conduit Purchaser), the several banks set forth opposite the name of each CP Conduit Purchaser on Schedule I thereto (each an APA Bank with respect to such CP Conduit Purchaser), the several agent banks set forth opposite the name of each CP Conduit Purchaser on Schedule I thereto (each a Funding Agent with respect to such CP Conduit Purchaser), THE BANK OF NEW YORK, a New York banking corporation, as trustee (in such capacity, the Trustee) and as agent for the benefit of the Series 2002-2 Noteholders (in such capacity, the Series 2002-2 Agent), to the Second Amended and Restated Base Indenture, dated as of June 3, 2004, between CRCF and the Trustee (as amended, modified or supplemented from time to time, exclusive of Supplements creating a new Series of Notes, the Base Indenture). All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided therefor in the Definitions List attached as Schedule I to the Base Indenture (as amended through the date hereof) or the Series 2002-2 Supplement, as applicable.
W I T N E S S E T H:
WHEREAS, pursuant to Section 12.2(ii) of the Base Indenture, any amendment to any Supplement which extends the due date for any Note requires the consent of CRCF, the Trustee and each affected Noteholder of the applicable Series of Notes;
WHEREAS, the parties desire to amend the Series 2002-2 Supplement to extend the Scheduled Expiry Date; and
WHEREAS, CRCF has requested the Trustee, the Series 2002-2 Agent and each CP Conduit Purchaser, APA Bank and Funding Agent to, and, upon the effectiveness of this Amendment, CRCF, the Trustee, the Series 2002-2 Agent and each CP Conduit Purchaser, APA Bank and Funding Agent have agreed to, amend certain provisions of the Series 2002-2 Supplement as set forth herein;
NOW, THEREFORE, it is agreed:
1. | Amendment to Defined Terms. The following defined term, as set forth in Article I(b) of the Series 2002-2 Supplement, is hereby amended and restated in its entirety as follows: |
Scheduled Expiry Date means, with respect to any Purchaser Group, the later of (a) March 29, 2006 and (b) the last day of any extension thereof made in accordance with Section 2.6(b).
2. | Waiver of Notice Requirement and Certificate and Consent to Extension under Section 2.6(b). Each Purchaser Group, by executing this Amendment, solely with respect to this Amendment, (i) hereby waives the requirements set forth in Section 2.6(b) of the Series 2002-2 Supplement that CRCF provide the Administrative Agent with (x) sixty (60) days prior written notice of any proposed extension of the Scheduled Expiry Date and (y) a certificate from the chief financial officer of CRCF to the effect set forth in Schedule 8.3(d) of the Base Indenture and (ii) hereby agrees to the extension of the Scheduled Expiry Date as effected by this Amendment. | ||
3. | This Amendment is limited as specified and, except as expressly stated herein, shall not constitute a modification, acceptance or waiver of any other provision of the Series 2002-2 Supplement. | ||
4. | This Amendment shall become effective as of the first date (such date, the Amendment Effective Date) on which each of the following have occurred: (i) each of the parties hereto shall have executed and delivered this Amendment to the Trustee, and the Trustee shall have executed this Amendment and (ii) the Rating Agency Consent Condition shall have been satisfied with respect to this Amendment. | ||
5. | From and after the Amendment Effective Date, all references to the Series 2002-2 Supplement shall be deemed to be references to the Series 2002-2 Supplement as amended hereby. | ||
6. | This Amendment may be executed in separate counterparts by the parties hereto, each of which when so executed and delivered shall be an original but all of which shall together constitute one and the same instrument. | ||
7. | THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. | ||
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective duly authorized officers as of the date above first written.
CENDANT RENTAL CAR FUNDING | ||||||
(AESOP) LLC, as Issuer | ||||||
By: | /s/ Lori Gebron | |||||
Name: Lori Gebron | ||||||
Title: Vice President |
THE BANK OF NEW YORK, as Trustee and Series 2002-2 Agent | ||||||
By: | /s/ Eric A. Lindahl | |||||
Name: Eric A. Lindahl | ||||||
Title: Agent |
AGREED, ACKNOWLEDGED AND CONSENTED:
SHEFFIELD RECEIVABLES CORPORATION, | ||||
as a CP Conduit Purchaser under the Series | ||||
2002-2 Supplement | ||||
By: | Barclays Bank PLC | |||
as Attorney-in-Fact | ||||
By: | /s/ Janette Lieu | |||
Name: Janette Lieu | ||||
Title: Director | ||||
BARCLAYS BANK PLC, | ||||
as a Funding Agent and an APA Bank under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ Jeffrey Goldberg | |||
Name: Jeffrey Goldberg | ||||
Title: Associate Director |
GEMINI SECURITIZATION CORP., LLC, | ||||
as a CP Conduit Purchaser under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ Geraldine St-Louis | |||
Name: Geraldine St-Louis | ||||
Title: Vice President | ||||
DEUTSCHE BANK AG, NEW YORK BRANCH, | ||||
as a Funding Agent and an APA Bank under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ Michael Cheng | |||
Name: Michael Cheng | ||||
Title: Director | ||||
By: | /s/ Kevin Tanzer | |||
Name: Kevin Tanzer | ||||
Title: Vice President |
LIBERTY STREET FUNDING CORPORATION, | ||||
as a CP Conduit Purchaser under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ Bernard J. Angelo | |||
Name: Bernard J. Angelo | ||||
Title: Vice President | ||||
THE BANK OF NOVA SCOTIA, | ||||
as a Funding Agent and an APA Bank under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ Norman Last | |||
Name: Norman Last | ||||
Title: Managing Director |
YC SUSI TRUST, | ||||
as a CP Conduit Purchaser under the Series | ||||
2002-2 Supplement | ||||
By: | Bank of America, National Association, | |||
as Administrative Trustee | ||||
By: | /s/ John Zeszutek | |||
Name: John Zeszutek | ||||
Title: Vice President | ||||
BANK OF AMERICA, NATIONAL ASSOCIATION, | ||||
as a Funding Agent and an APA Bank under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ John Zeszutek | |||
Name: John Zeszutek | ||||
Title: Vice President |
PARADIGM FUNDING LLC, | ||||
as a CP Conduit Purchaser under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ Doris J. Hearn | |||
Name: Doris J. Hearn | ||||
Title: Vice President | ||||
WESTLB AG, NEW YORK BRANCH, | ||||
as a Funding Agent and an APA Bank under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ Matthew F. Tallo | |||
Name: Matthew F. Tallo | ||||
Title: Director | ||||
By: | /s/ Elizabeth R. Wilds | |||
Name: Elizabeth R. Wilds | ||||
Title: Director |
CHARTA, LLC, | ||||
as a CP Conduit Purchaser | ||||
Citicorp North America, Inc., as | ||||
By: | Attorney-in-Fact | |||
By: | /s/ Rosalia Agresti | |||
Name: Rosalia Agresti | ||||
Title: Vice President | ||||
CITIBANK, N.A., as | ||||
an APA Bank | ||||
By: | /s/ Williams G. Martens III | |||
Name: William G. Martens III | ||||
Title: Vice President | ||||
CITICORP NORTH AMERICA, INC., | ||||
as a Funding Agent | ||||
By: | /s/ Rosalia Agresti | |||
Name: Rosalia Agresti | ||||
Title: Vice President |
JUPITER SECURITIZATION CORPORATION, | ||||
as a CP Conduit Purchaser under | ||||
the Series 2002-2 Supplement | ||||
By: | /s/ George S. Wilkins | |||
Name: George S. Wilkins | ||||
Title: Vice President | ||||
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | ||||
(formerly known as JPMorgan Chase Bank), | ||||
as a Funding Agent under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ George S. Wilkins | |||
Name: George S. Wilkins | ||||
Title: Vice President | ||||
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | ||||
(formerly known as JPMorgan Chase Bank), | ||||
as an APA Bank under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ George S. Wilkins | |||
Name: George S. Wilkins | ||||
Title: Vice President | ||||
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | ||||
(formerly known as JPMorgan Chase Bank), | ||||
as Administrative Agent under the Series | ||||
2002-2 Supplement | ||||
By: | /s/ George S. Wilkins | |||
Name: George S. Wilkins | ||||
Title: Vice President |