Common use of Designation Clause in Contracts

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 2020-2 Rental Car Asset Backed Notes”. The Series 2020-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 2020-2 2.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202021-2 1 Rental Car Asset Backed Notes”. The Series 20202021-2 1 Notes shall be issued in up to five six Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes” and the fifth sixth of which, if issued, shall be known as the “Class D E Notes”. On the Series 20202021-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202021-2 2.021 1.38% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202021-2 2.961 1.63% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202021-2 4.251 2.13% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated the “Series 2021-1 3.71% Rental Car Asset Backed Notes, Class D” and (ivv) one tranche of Class R Notes, which shall be designated the “Series 20202021-2 6.401 5.715% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202021-2 1 Closing Date, ABRCF may on any date during the Series 20202021-2 1 Revolving Period offer and sell additional Series 20202021-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202021-2 1 Notes, if issued, shall be designated as the “Series 20202021-2 1 Rental Car Asset Backed Notes, Class DE” and shall be referred to herein as the “Class D E Notes”.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202024-2 3 Rental Car Asset Backed Notes”. The Series 20202024-2 3 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202024-2 3 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202024-2 2.023 5.23% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202024-2 2.963 5.58% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202024-2 4.253 6.11% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202024-2 6.403 8.062% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202024-2 3 Closing Date, ABRCF may on any date during the Series 20202024-2 3 Revolving Period offer and sell additional Series 20202024-2 3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202024-2 3 Notes, if issued, shall be designated as the “Series 20202024-2 3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2024-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2024-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202011-2 5 Rental Car Asset Backed Notes”. The Series 20202011-2 5 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202011-2 5 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202011-2 2.025 3.27% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202011-2 2.965 4.72% Rental Car Asset Backed Notes, Class B”B. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202011-2 4.255 3.78% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of C. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2011-5 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions extent set forth herein. The Class C Notes shall be subordinated in Section 5.15. Such additional Series 2020-2 right of payment to the Class A Notes and Class B Notes, if issuedto the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2011-5 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202010-2 5 Rental Car Asset Backed Notes”. The Series 20202010-2 5 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202010-2 2.025 3.15% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202010-2 2.965 5.11% Rental Car Asset Backed Notes, Class B”, B and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202010-2 4.255 5.94% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of C. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2010-5 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Series 20202010-2 Revolving Period offer and sell additional Series 2020-2 5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2010-5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202019-2 Rental Car Asset Backed Notes”. The Series 20202019-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202019-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202019-2 2.023.35% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202019-2 2.963.55% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202019-2 4.254.24% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202019-2 6.405.926% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202019-2 Closing Date, ABRCF may on any date during the Series 20202019-2 Revolving Period offer and sell additional Series 20202019-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202019-2 Notes, if issued, shall be designated as the “Series 20202019-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2019-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2019-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202013-2 1 Rental Car Asset Backed Notes”. The Series 20202013-2 1 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202013-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202013-2 2.021 1.92% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202013-2 2.961 2.62% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202013-2 1 Closing Date, ABRCF may on any date during the Series 20202013-2 1 Revolving Period offer and sell additional Series 20202013-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202013-2 1 Notes, if issued, shall be designated as the “Series 20202013-2 1 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2013-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2013-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202019-2 3 Rental Car Asset Backed Notes”. The Series 20202019-2 3 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 20202019-2 2.023 2.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 20202019-2 2.963 2.65% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 20202019-2 4.253 3.15% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 20202019-2 6.403 4.874% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202019-2 3 5.43% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2019-3 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2019-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202021-2 Rental Car Asset Backed Notes”. The Series 20202021-2 Notes shall be issued in up to five six Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes” and the fifth sixth of which, if issued, shall be known as the “Class D E Notes”. On the Series 20202021-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202021-2 2.021.66% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202021-2 2.961.90% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202021-2 4.252.35% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated the “Series 2021-2 4.08% Rental Car Asset Backed Notes, Class D” and (ivv) one tranche of Class R Notes, which shall be designated the “Series 20202021-2 6.407.032% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202021-2 Closing Date, ABRCF may on any date during the Series 20202021-2 Revolving Period offer and sell additional Series 20202021-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202021-2 Notes, if issued, shall be designated as the “Series 20202021-2 Rental Car Asset Backed Notes, Class DE” and shall be referred to herein as the “Class E Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes”, Class E Notes, if issued, and Class R Notes collectively, constitute the Series 2021-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class E Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes, Class C Notes and Class D Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and (if issued) the Class E Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2021-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 5 Rental Car Asset Backed Notes”. The Series 20202023-2 5 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 5 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.025 5.78% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.965 6.12% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.255 6.85% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.405 8.768% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 5 Closing Date, ABRCF may on any date during the Series 20202023-2 5 Revolving Period offer and sell additional Series 20202023-2 5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 5 Notes, if issued, shall be designated as the “Series 20202023-2 5 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202010-2 4 Rental Car Asset Backed Notes”. The Series 20202010-2 4 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202010-2 2.024 2.09% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202010-2 2.964 4.02% Rental Car Asset Backed Notes, Class B”, B and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202010-2 4.254 5.34% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of C. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2010-4 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Series 20202010-2 Revolving Period offer and sell additional Series 2020-2 4 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2010-4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202024-2 1 Rental Car Asset Backed Notes”. The Series 20202024-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202024-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202024-2 2.021 5.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202024-2 2.961 5.85% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202024-2 4.251 6.48% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202024-2 6.401 8.427% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202024-2 1 Closing Date, ABRCF may on any date during the Series 20202024-2 1 Revolving Period offer and sell additional Series 20202024-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202024-2 1 Notes, if issued, shall be designated as the “Series 20202024-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2024-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2024-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Supplement and such Series of Notes shall be designated generally as the “Series 2020-2 Rental Car Asset Backed Notes”. The Series 2020-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 2020-2 2.02% Rental Car Asset Backed Notes, Series 1996-1. The Series 1996-1 Notes (as defined below) shall be issued in four classes of Class A”A Notes, (ii) one tranche the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, and three classes of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes. The Class A-1 Rental Car Asset Backed Notes, the Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% A-2 Rental Car Asset Backed Notes, the Class C” A-3 Rental Car Asset Backed Notes and (iv) one tranche of the Class R A-4 Rental Car Asset Backed Notes are designated generally herein as the "Class A Notes, which shall be designated " and the “Series 2020-2 6.40% Class B-1 Rental Car Asset Backed Notes, the Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 B-2 Rental Car Asset Backed Notes and the Class B-3 Rental Car Asset Backed Notes are designated generally herein as the "Class B Notes, ". The Class D” A Notes and the Class B Notes are referred to collectively as the "Series 1996-1 Notes". The Class B Notes are subordinated in right of payment to the Class A Notes to the extent set forth herein. The proceeds from the sale of the Series 1996-1 Notes shall be deposited in the Collection Account (and allocated to the Series 1996-1 Excess Funding Account) and shall be referred used (i) on the Series 1996-1 Closing Date, to herein as refinance the “Class D Notes”.Refinanced Vehicles, (ii) from the Series 1996-1 Closing Date to the 90th

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202014-2 Rental Car Asset Backed Notes”. The Series 20202014-2 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202014-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202014-2 2.022.50% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202014-2 2.963.29% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202014-2 Closing Date, ABRCF may on any date during the Series 20202014-2 Revolving Period offer and sell additional Series 20202014-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202014-2 Notes, if issued, shall be designated as the “Series 20202014-2 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2014-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2014-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202011-2 3 Rental Car Asset Backed Notes”. The Series 20202011-2 3 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202011-2 3 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202011-2 2.023 3.41% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202011-2 2.963 4.74% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. B. Subsequent to the Series 20202011-2 3 Closing Date, ABRCF may on any date during the Series 20202011-2 3 Revolving Period offer and sell additional Series 20202011-2 3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202011-2 3 Notes, if issued, shall be designated as the “Series 20202011-2 3 Fixed Rate Rental Car Asset Backed Notes, Class D” C, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2011-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2011-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 4 Rental Car Asset Backed Notes”. The Series 20202023-2 4 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 4 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.024 5.49% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.964 6.32% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.254 7.24% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.404 9.170% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 4 Closing Date, ABRCF may on any date during the Series 20202023-2 4 Revolving Period offer and sell additional Series 20202023-2 4 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 4 Notes, if issued, shall be designated as the “Series 20202023-2 4 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-4 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-4 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Series Supplement and such Series of Notes shall be designated generally as the “Series 20202009-2 Rental Car Asset Backed Notes”. The On the Series 20202009-2 Closing Date, two classes of Series 2009-2 Notes shall be issued in up to five Classes, issued: the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202009-2 2.024.26% Rental Car Asset Backed Notes, Class A”A-1, (ii) one tranche of and referred to herein as the Class B A-1 Notes, and the second of which shall be designated as the “Series 20202009-2 2.965.29% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated A-2 and referred to herein as the “Series 2020-2 4.25% Rental Car Asset Backed Class A-2 Notes, . The Class C” A-1 Notes and (iv) one tranche of the Class R A-2 Notes are referred to herein collectively as the Class A Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202009-2 Closing Date, ABRCF HVF may on any date during the Series 20202009-2 Revolving Period offer and sell additional Series 20202009-2 Notes in up to two classes, subject to the satisfaction of the conditions set forth in Section 5.15. Such additional 6.19 of this Series 2020-2 NotesSupplement: the first of which, if issued, shall be designated as the “Series 20202009-2 Fixed Rate Rental Car Asset Backed Notes, Class D” B-1, and shall be referred to herein as the “Class D B-1 Notes” and the second of which, if issued, shall be designated as the Series 2009-2 Fixed Rate Rental Car Asset Backed Notes, Class B-2, and referred to herein as the “Class B-2 Notes”. The Class B-1 Notes and the Class B-2 Notes are referred to herein collectively as the “Class B Notes”. The Class A Notes together with the Class B Notes, if issued, are referred to herein collectively as the Series 2009-2 Notes. The Series 2009-2 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The net proceeds from the sale of the Class A Notes shall be deposited in the Series 2009-2 Excess Collection Account and applied in accordance with this Series Supplement.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 Rental Car Asset Backed Notes”. The Series 20202023-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.025.20% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.966.03% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.258.55% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.4010.476% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 Closing Date, ABRCF may on any date during the Series 20202023-2 Revolving Period offer and sell additional Series 20202023-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 Notes, if issued, shall be designated as the “Series 20202023-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202015-2 Rental Car Asset Backed Notes”. The Series 20202015-2 Notes shall be issued in up to five four Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth fourth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202015-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202015-2 2.022.63% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202015-2 2.963.42% Rental Car Asset Backed Notes, Class B”, ” and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202015-2 4.253.93% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202015-2 Closing Date, ABRCF may on any date during the Series 20202015-2 Revolving Period offer and sell additional Series 20202015-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202015-2 Notes, if issued, shall be designated as the “Series 20202015-2 Fixed Rate Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes and Class D Notes, if issued, collectively, constitute the Series 2015-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes, Class B Notes and Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2015-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Group IV Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Series Supplement and such Group IV Series of Notes shall be designated generally as the “Series 2020-2 "Rental Car Asset Backed Notes”, Series 2002-2". The Series 20202002-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue four classes: (i) one tranche of Class A Notes, which shall be designated as the “Series 2020-2 2.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202002-2 Rental Car Asset Backed Notes, Class D” and A, which shall be referred to herein designated generally as the “"Class A Notes", (ii) Series 2002-2 Rental Car Asset Backed Notes, Class B, which shall be designated generally as the "Class B Notes", (iii) Series 2002-2 Rental Car Asset Backed Notes, Class C, which shall be designated generally as the "Class C Notes" and (iv) Series 2002-2 Rental Car Asset Backed Notes Class D, which shall be designated generally as the "Class D Notes”" (and, together with the Class A Notes, the Class B Notes and the Class C Notes, the "SERIES 2002-2 NOTES"). The Series 2002-2 Notes shall be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The Class B Notes are subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes are subordinated in right of payment to the Class A Notes and the Class B Notes, to the extent set forth herein. The Class D Notes are subordinated in right of payment to the Class A Notes, the Class B Notes and the Class C Notes, to the extent set forth herein. The proceeds from the sale of the Series 2002-2 Notes shall be deposited in the Group IV Collection Account and used to fund increases in the principal amounts of the Group IV Leasing Company Notes and/or to reduce the principal amount of other Series of Notes. The Series 2002-2 Notes are a Segregated Series of Notes (as more fully described in the Base Indenture) sharing in the Group IV Collateral and excluding any other Group-Specific Collateral that is not Group IV Collateral under the Base Indenture. Accordingly, all references in this Series Supplement to "all" Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to "all" Series of Notes) shall refer to all Series of Notes sharing in the Group IV Collateral and shall exclude each other Series of Notes (whether a Segregated Series secured by collateral other than the Group IV Collateral or a non-Segregated Series of Notes).

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202017-2 1 Rental Car Asset Backed Notes”. The Series 20202017-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202017-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202017-2 2.021 3.07% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202017-2 2.961 3.41% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202017-2 4.251 4.15% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.402017 6.75% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202017-2 1 Closing Date, ABRCF may on any date during the Series 20202017-2 1 Revolving Period offer and sell additional Series 20202017-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202017-2 1 Notes, if issued, shall be designated as the “Series 20202017-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2017-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2017-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202012-2 Rental Car Asset Backed Notes”. The Series 20202012-2 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202012-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202012-2 2.022.802% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202012-2 2.963.877% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202012-2 Closing Date, ABRCF may on any date during the Series 20202012-2 Revolving Period offer and sell additional Series 20202012-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202012-2 Notes, if issued, shall be designated as the “Series 20202012-2 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2012-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2012-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 2020-2 1 Rental Car Asset Backed Notes”. The Series 2020-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 2020-2 2.021 2.33% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.961 2.68% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.251 3.02% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.401 4.753% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 1 Closing Date, ABRCF may on any date during the Series 2020-2 1 Revolving Period offer and sell additional Series 2020-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 1 Notes, if issued, shall be designated as the “Series 2020-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2020-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2020-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 3 Rental Car Asset Backed Notes”. The Series 20202023-2 3 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 3 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.023 5.44% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.963 6.12% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.253 7.05% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.403 8.964% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 3 Closing Date, ABRCF may on any date during the Series 20202023-2 3 Revolving Period offer and sell additional Series 20202023-2 3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 3 Notes, if issued, shall be designated as the “Series 20202023-2 3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202019-2 Rental Car Asset Backed Notes”. The Series 20202019-2 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 20202019-2 2.023.35% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 20202019-2 2.963.55% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 20202019-2 4.254.24% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 20202019-2 6.405.926% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202019-2 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2019-2 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2019-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202013-2 Rental Car Asset Backed Notes”. The Series 20202013-2 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202013-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202013-2 2.022.97% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202013-2 2.963.66% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202013-2 Closing Date, ABRCF may on any date during the Series 20202013-2 Revolving Period offer and sell additional Series 20202013-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202013-2 Notes, if issued, shall be designated as the “Series 20202013-2 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2013-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2013-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202022-2 5 Rental Car Asset Backed Notes”. The Series 20202022-2 5 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202022-2 5 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202022-2 2.025 6.12% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202022-2 2.965 7.09% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202022-2 4.255 9.27% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202022-2 6.405 11.162% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202022-2 5 Closing Date, ABRCF may on any date during the Series 20202022-2 5 Revolving Period offer and sell additional Series 20202022-2 5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202022-2 5 Notes, if issued, shall be designated as the “Series 20202022-2 5 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2022-5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2022-5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 2020-2 1 Rental Car Asset Backed Notes”. The Series 2020-2 1 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 2020-2 2.021 2.33% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 2020-2 2.961 2.68% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 2020-2 4.251 3.02% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 2020-2 6.401 4.753% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 1 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2020-1 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2020-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202011-2 Rental Car Asset Backed Notes”. The Series 20202011-2 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202011-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202011-2 2.022.37% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202011-2 2.963.65% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. B. Subsequent to the Series 20202011-2 Closing Date, ABRCF may on any date during the Series 20202011-2 Revolving Period offer and sell additional Series 20202011-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202011-2 Notes, if issued, shall be designated as the “Series 20202011-2 Fixed Rate Rental Car Asset Backed Notes, Class D” C, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2011-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2011-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202011-2 1 Rental Car Asset Backed Notes”. The Series 20202011-2 1 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202011-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202011-2 2.021 1.85% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202011-2 2.961 2.98% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. B. Subsequent to the Series 20202011-2 1 Closing Date, ABRCF may on any date during the Series 20202011-2 1 Revolving Period offer and sell additional Series 20202011-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202011-2 1 Notes, if issued, shall be designated as the “Series 20202011-2 1 Fixed Rate Rental Car Asset Backed Notes, Class D” C, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2011-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2011-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202015-2 1 Rental Car Asset Backed Notes”. The Series 20202015-2 1 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202015-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202015-2 2.021 2.50% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202015-2 2.961 3.22% Rental Car Asset Backed Notes, Class B”, ” and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202015-2 4.251 3.96% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of ”. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2015-1 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Series 20202015-2 Revolving Period offer and sell additional Series 2020-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2015-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 6 Rental Car Asset Backed Notes”. The Series 20202023-2 6 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 6 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.026 5.81% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.966 6.40% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.256 7.03% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.406 8.969% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 6 Closing Date, ABRCF may on any date during the Series 20202023-2 6 Revolving Period offer and sell additional Series 20202023-2 6 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 6 Notes, if issued, shall be designated as the “Series 20202023-2 6 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-6 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-6 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 8 Rental Car Asset Backed Notes”. The Series 20202023-2 8 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 8 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.028 6.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.968 6.66% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.258 7.34% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.408 9.268% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 8 Closing Date, ABRCF may on any date during the Series 20202023-2 8 Revolving Period offer and sell additional Series 20202023-2 8 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 8 Notes, if issued, shall be designated as the “Series 20202023-2 8 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-8 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-8 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202022-2 1 Rental Car Asset Backed Notes”. The Series 20202022-2 1 Notes shall be issued in up to five six Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class D Notes”, the fifth of which shall be known as the “Class R Notes” and the fifth sixth of which, if issued, shall be known as the “Class D E Notes”. On the Series 20202022-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202022-2 2.021 3.83% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202022-2 2.961 4.30% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202022-2 4.251 4.84% Rental Car Asset Backed Notes, Class C”, (iv) one tranche of Class D Notes, which shall be designated the “Series 2022-1 6.79% Rental Car Asset Backed Notes, Class D” and (ivv) one tranche of Class R Notes, which shall be designated the “Series 20202022-2 6.401 7.767% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202022-2 1 Closing Date, ABRCF may on any date during the Series 20202022-2 1 Revolving Period offer and sell additional Series 20202022-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202022-2 1 Notes, if issued, shall be designated as the “Series 20202022-2 1 Rental Car Asset Backed Notes, Class DE” and shall be referred to herein as the “Class D E Notes”.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202012-2 3 Rental Car Asset Backed Notes”. .” The Series 20202012-2 3 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “. NEWYORK 8960493 (2K)A&R Series 2012-3 Supplement (Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. C Note issuance) 1 On the Series 20202012-2 3 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202012-2 2.023 2.10% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202012-2 2.963 3.04% Rental Car Asset Backed Notes, Class B”. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202012-2 4.253 4.23% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of ”. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2012-3 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions extent set forth herein. The Class C Notes shall be subordinated in Section 5.15. Such additional Series 2020-2 right of payment to the Class A Notes and Class B Notes, if issuedto the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2012-3 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Series Supplement and such Series of Notes shall be designated generally as the “Series 20202005-2 1 Rental Car Asset Backed Notes”. The Series 20202005-2 1 Notes (as defined herein) shall be issued in up to five Classes, six classes: (i) the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202005-2 2.021 4.02% Rental Car Asset Backed Notes, Class AA-1, and referred to herein as the “Class A-1 Notes”, (ii) one tranche the second of Class B Notes, which shall be designated as the Series 2005-1 Floating Rate Rental Car Asset Backed Notes, Class A-2, and referred to herein as the “Class A-2 Notes”, (iii) the third of which shall be designated as the Series 20202005-2 2.961 4.29% Rental Car Asset Backed Notes, Class B”A-3, and referred to herein as the “Class A-3 Notes” and (iiiiv) one tranche the fourth of Class C Notes, which shall be designated as the “Series 20202005-2 4.25% 1 Floating Rate Rental Car Asset Backed Notes, Class C” A-4, and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D A-4 Notes”. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes are collectively referred to herein as the “Series 2005-1 Notes”. The Series 2005-1 Notes shall be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The net proceeds from the sale of the Series 2005-1 Notes shall be deposited in the Series 2005-1 Collection Account and used to fund increases in the principal amounts of the Leasing Company Notes to the extent that the Leasing Companies have requested funding thereunder and to make payments in reduction of the Invested Amount of other Series of Group I Notes from time to time. The Series 2005-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture) sharing in the Collateral. Accordingly, all references in this Series Supplement to “all” Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes. In addition, the Series 2005-1 Notes are hereby designated as a Series of Group I Notes and this Series Supplement is hereby designated as a Group I Supplement. The Series 2005-1 Notes do not have any rights in any collateral granted to the Trustee other than the Collateral.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202014-2 1 Rental Car Asset Backed Notes”. The Series 20202014-2 1 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202014-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202014-2 2.021 2.46% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202014-2 1 2.96% Rental Car Asset Backed Notes, Class B”, ” and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202014-2 4.251 3.75% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of ”. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2014-1 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Series 20202014-2 Revolving Period offer and sell additional Series 2020-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2014-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202012-2 3 Rental Car Asset Backed Notes”. The Series 20202012-2 3 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202012-2 3 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202012-2 2.023 2.10% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202012-2 2.963 3.04% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202012-2 3 Closing Date, ABRCF may on any date during the Series 20202012-2 3 Revolving Period offer and sell additional Series 20202012-2 3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202012-2 3 Notes, if issued, shall be designated as the “Series 20202012-2 3 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2012-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2012-3 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202012-2 Rental Car Asset Backed Notes”. The Series 20202012-2 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “. NEWYORK 8960490 (2K)A&R Series 2012-2 Supplement (Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. C Note issuance) 1 On the Series 20202012-2 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202012-2 2.022.802% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202012-2 2.963.887% Rental Car Asset Backed Notes, Class B”B. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202012-2 4.254.00% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of C. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2012-2 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 20202012-2 Notes subject are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the conditions set forth in Section 5.15. Such additional Base Indenture that contain references to “all” Series 2020-2 of Notes, if issued, ) shall be designated as the “refer to all Series 2020-2 Rental Car Asset Backed of Notes other than Segregated Series of Notes, Class D” and shall be referred to herein as the “Class D Notes”.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202013-2 Rental Car Asset Backed Notes”. .” The Series 20202013-2 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202013-2 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202013-2 2.022.97% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202013-2 2.963.66% Rental Car Asset Backed Notes, Class B”. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202013-2 4.253.52% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of ”. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2013-2 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 20202013-2 Notes subject are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the conditions set forth in Section 5.15. Such additional Base Indenture that contain references to “all” Series 2020-2 of Notes, if issued, ) shall be designated as the “refer to all Series 2020-2 Rental Car Asset Backed of Notes other than Segregated Series of Notes, Class D” and shall be referred to herein as the “Class D Notes”.

Designation. There is hereby created a Series of Group I Notes to be issued pursuant to the Base Indenture Group I Supplement and this Series 2018-1 Supplement, and such Series of Group I Notes shall be is hereby designated generally as the “Series 20202018-2 1 Rental Car Asset Backed Notes”. The On the Series 20202018-2 1 Closing Date, five classes of Series 2018-1 Rental Car Asset Backed Notes shall be issued in up to five Classes, issued: the first of which shall be known designated as the Series 2018-1 3.29% Rental Car Asset Backed Notes, Class A, and referred to herein as the “Class A Notes”, the second of which shall be known designated as the Series 2018-1 3.60% Rental Car Asset Backed Notes, Class B, and referred to herein as the “Class B Notes”, the third of which shall be known designated as the Series 2018-1 4.39% Rental Car Asset Backed Notes, Class C, and referred to herein as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202018-2 2.021 5.86% Rental Car Asset Backed Notes, Class A”D, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”, and the fifth of which shall be designated as the Series 2018-1 7.32% Rental Car Asset Backed Notes, Class RR, and referred to herein as the “Class RR Notes”. Subsequent to the Series 2018-1 Closing Date, HVF II may on any date during the Series 2018-1 Revolving Period offer and sell additional Series 2018-1 Notes in a single class, subject to satisfaction of the conditions set forth in Section 9.18 of this Series 2018-1 Supplement, which, if issued, shall be designated as the Series 2018-1 Fixed Rate Rental Car Asset Backed Notes, Class E, and referred to herein as the “Class E Notes”. The Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class RR Notes, and, if issued, the Class E Notes, are referred to herein collectively as the “Series 2018-1 Notes”. The Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes are referred to herein collectively as the “Class A/B/C/D Notes”. The Class A/B/C Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The Class D Notes and the Class RR Notes shall be issued in minimum denominations of $5,000,000 and integral multiples of $1,000 in excess thereof.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202024-2 Rental Car Asset Backed Notes”. The Series 20202024-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202024-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202024-2 2.025.13% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202024-2 2.965.57% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202024-2 4.256.01% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202024-2 6.407.942% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202024-2 Closing Date, ABRCF may on any date during the Series 20202024-2 Revolving Period offer and sell additional Series 20202024-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202024-2 Notes, if issued, shall be designated as the “Series 20202024-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2024-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2024-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202017-2 Rental Car Asset Backed Notes”. The Series 20202017-2 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 20202017-2 2.022.97% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 20202017-2 2.963.33% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 20202017-2 4.254.17% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 20202017-2 6.406.50% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202017-2 4.56% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2017-2 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2017-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202012-2 1 Rental Car Asset Backed Notes”. The Series 20202012-2 1 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202012-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202012-2 2.021 2.054% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202012-2 2.961 3.241% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202012-2 1 Closing Date, ABRCF may on any date during the Series 20202012-2 1 Revolving Period offer and sell additional Series 20202012-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202012-2 1 Notes, if issued, shall be designated as the “Series 20202012-2 1 Fixed Rate Rental Car Asset Backed Notes, Class D” C”, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2012-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2012-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202011-2 3 Rental Car Asset Backed Notes”. The Series 20202011-2 3 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202011-2 3 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202011-2 2.023 3.41% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202011-2 2.963 4.74% Rental Car Asset Backed Notes, Class B”B. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202011-2 4.253 3.68% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of C. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2011-3 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions extent set forth herein. The Class C Notes shall be subordinated in Section 5.15. Such additional Series 2020-2 right of payment to the Class A Notes and Class B Notes, if issuedto the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2011-3 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202016-2 1 Rental Car Asset Backed Notes”. The Series 20202016-2 1 Notes shall be issued in up to five four Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth fourth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202016-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202016-2 2.021 2.99% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202016-2 2.961 3.78% Rental Car Asset Backed Notes, Class B”, ” and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202016-2 4.251 4.94% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202016-2 1 Closing Date, ABRCF may on any date during the Series 20202016-2 1 Revolving Period offer and sell additional Series 20202016-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202016-2 1 Notes, if issued, shall be designated as the “Series 20202016-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”.. The Class A Notes, Class B Notes, Class C Notes and Class D Notes, if issued, collectively, constitute the Series 2016-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202013-2 1 Rental Car Asset Backed Notes”. .” The Series 20202013-2 1 Notes shall were permitted to be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, ” and the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “. NEWYORK 8960494 (2K)A&R Series 2013-1 Supplement (Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. C Note issuance) 1 On the Series 20202013-2 1 Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be was designated as the “Series 20202013-2 2.021 1.92% Rental Car Asset Backed Notes, Class A”, ” and (ii) one tranche of Class B Notes, which shall be was designated as the “Series 20202013-2 2.961 2.62% Rental Car Asset Backed Notes, Class B”. On the Class C Notes Closing Date, (iii) ABRCF shall issue one tranche of Class C Notes, which shall be designated as the “Series 20202013-2 4.251 4.42% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of ”. The Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed A Notes, Class R”B Notes and Class C Notes, together, constitute the Series 2013-1 Notes. Subsequent The Class B Notes shall be subordinated in right of payment to the Series 2020-2 Closing DateClass A Notes, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions extent set forth herein. The Class C Notes shall be subordinated in Section 5.15. Such additional Series 2020-2 right of payment to the Class A Notes and Class B Notes, if issuedto the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds of the Class C Notes shall be designated as deposited in the “Series 2020-2 Rental Car Asset Backed Notes, Class D” Collection Account and shall be referred deemed to herein be Principal Collections. The Series 2013-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “Class D all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes”) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Group I Notes to be issued pursuant to the Base Indenture Group I Supplement and this Series 2016-2 Supplement, and such Series of Group I Notes shall be is hereby designated generally as the “Series 20202016-2 Rental Car Asset Backed Notes”. The On the Series 20202016-2 Closing Date, four classes of Series 2016-2 Rental Car Asset Backed Notes shall be issued in up to five Classes, issued: the first of which shall be known designated as the Series 2016-2 2.95% Rental Car Asset Backed Notes, Class A, and referred to herein as the “Class A Notes”, the second of which shall be known designated as the Series 2016-2 3.94% Rental Car Asset Backed Notes, Class B, and referred to herein as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202016-2 2.02% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.254.99% Rental Car Asset Backed Notes, Class C” , and (iv) one tranche referred to herein as the “Class C Notes”, and the fourth of Class R Notes, which shall be designated as the “Series 20202016-2 6.405.97% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing DateD, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. Subsequent to the Series 2016-2 Closing Date, HVF II may on any date during the Series 2016-2 Revolving Period offer and sell additional Series 2016-2 Notes in a single class, subject to satisfaction of the conditions set forth in Section 9.18 of this Series 2016-2 Supplement, which, if issued, shall be designated as the Series 2016-2 Fixed Rate Rental Car Asset Backed Notes, Class E, and referred to herein as the “Class E Notes”.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Series Supplement and such Series of Notes shall be designated generally as the “Series 20202004-2 1 Rental Car Asset Backed Auction Rate Notes”. The Series 20202004-2 1 Notes (as defined herein) shall be issued in up to five Classes, seven classes: (i) the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202004-2 2.02% 1 Rental Car Asset Backed Auction Rate Notes, Class A”A-1, (ii) one tranche of Class B Notes, which shall be designated as the “Series 2020-2 2.96% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D A-1 Notes”, (ii) the second of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-2, and referred to herein as the “Class A-2 Notes”, (iii) the third of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-3, and referred to herein as the “Class A-3 Notes”, (iv) the fourth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-4, and referred to herein as the “Class A-4 Notes”, (v) the fifth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-5, and referred to herein as the “Class A-5 Notes”, (vi) the sixth of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-6, and referred to herein as the “Class A-6 Notes”, and (vii) the seventh of which shall be designated as the Series 2004-1 Rental Car Asset Backed Auction Rate Notes, Class A-7, and referred to herein as the “Class A-7 Notes”. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes, the Class A-6 Notes and the Class A-7 Notes are collectively referred to herein as the “Series 2004-1 Notes”. The Series 2004-1 Notes shall be issued in minimum denominations of $50,000 and integral multiples of $50,000 in excess thereof. The net proceeds from the sale of the Series 2004-1 Notes and the net proceeds from any Increase (as defined herein) shall be deposited in the Collection Account and used to fund increases in the principal amounts of the Leasing Company Notes and/or to reduce the principal amount of other Series of Notes. The Series 2004-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture) sharing in the Collateral. Accordingly, all references in this Series Supplement to “all” Series of Notes (and all references in this Series Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes. In addition, the Series 2004-1 Notes are hereby designated as a Series of Group I Notes and this Series Supplement is hereby designated as a Group I Supplement. The Series 2004-1 Notes do not have any rights in any collateral granted to the Trustee other than the Collateral.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 7 Rental Car Asset Backed Notes”. The Series 20202023-2 7 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 7 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.027 5.90% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.967 6.44% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.257 7.41% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.407 9.321% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 7 Closing Date, ABRCF may on any date during the Series 20202023-2 7 Revolving Period offer and sell additional Series 20202023-2 7 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 7 Notes, if issued, shall be designated as the “Series 20202023-2 7 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-7 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-7 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202023-2 1 Rental Car Asset Backed Notes”. The Series 20202023-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202023-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202023-2 2.021 5.25% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202023-2 2.961 6.08% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202023-2 4.251 8.70% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202023-2 6.401 10.623% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202023-2 1 Closing Date, ABRCF may on any date during the Series 20202023-2 1 Revolving Period offer and sell additional Series 20202023-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202023-2 1 Notes, if issued, shall be designated as the “Series 20202023-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2023-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2023-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202016-2 Rental Car Asset Backed Notes”. The Series 20202016-2 Notes shall be issued in up to five four Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth fourth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202016-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202016-2 2.022.72% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202016-2 2.963.36% Rental Car Asset Backed Notes, Class B”, ” and (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202016-2 4.254.83% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202016-2 Closing Date, ABRCF may on any date during the Series 20202016-2 Revolving Period offer and sell additional Series 20202016-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202016-2 Notes, if issued, shall be designated as the “Series 20202016-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”.. The Class A Notes, Class B Notes, Class C Notes and Class D Notes, if issued, collectively, constitute the Series 2016-2 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202017-2 Rental Car Asset Backed Notes”. The Series 20202017-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202017-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202017-2 2.022.97% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202017-2 2.963.33% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202017-2 4.254.17% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.402017 6.50% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202017-2 Closing Date, ABRCF may on any date during the Series 20202017-2 Revolving Period offer and sell additional Series 20202017-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202017-2 Notes, if issued, shall be designated as the “Series 20202017-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2017-2 Notes. The Class B Notes shall be subordinated AMERICAS 93983148 (2K) 1 in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2017-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202018-2 1 Rental Car Asset Backed Notes”. The Series 20202018-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202018-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202018-2 2.021 3.70% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202018-2 2.961 4.00% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202018-2 4.251 4.73% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202018-2 6.401 6.354% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202018-2 1 Closing Date, ABRCF may on any date during the Series 20202018-2 1 Revolving Period offer and sell additional Series 20202018-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202018-2 1 Notes, if issued, shall be designated as the “Series 20202018-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2018-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2018-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202018-2 Rental Car Asset Backed Notes”. The Series 20202018-2 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202018-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202018-2 2.024.00% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202018-2 2.964.27% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202018-2 4.254.95% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202018-2 6.406.326% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202018-2 Closing Date, ABRCF may on any date during the Series 20202018-2 Revolving Period offer and sell additional Series 20202018-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202018-2 Notes, if issued, shall be designated as the “Series 20202018-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2018-2 Notes. The Class B Notes shall be subordinated AMERICAS 96004183 1 in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2018-2 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202018-2 1 Rental Car Asset Backed Notes”. The Series 20202018-2 1 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 20202018-2 2.021 3.70% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 20202018-2 2.961 4.00% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 20202018-2 4.251 4.73% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 20202018-2 6.401 6.354% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202018-2 1 5.25% Rental Car Asset Backed Notes, Class D” and (ii) the Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2018-1 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and the Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2018-1 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby was created a Series of Notes to be issued pursuant to the Base Indenture and this the Prior Supplement, and such Series of Notes shall be was designated generally as the “Series 20202018-2 Rental Car Asset Backed Notes”. The Series 20202018-2 Notes shall were permitted to be issued in up to five Classes, the first of which shall be is known as the “Class A Notes”, the second of which shall be is known as the “Class B Notes”, the third of which shall be is known as the “Class C Notes”, the fourth of which shall be is known as the “Class R Notes” and the fifth of which, if issued, which shall be known as the “Class D Notes”. On the Series 2020-2 Class A/B/C Notes Closing Date, ABRCF shall issue issued (i) one tranche of Class A Notes, which shall be Notes designated as the “Series 20202018-2 2.024.00% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be Notes designated as the “Series 20202018-2 2.964.27% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be Notes designated as the “Series 20202018-2 4.254.95% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be Notes designated the “Series 20202018-2 6.406.326% Rental Car Asset Backed Notes, Class R”. Subsequent to On the Series 2020-2 Class D Notes Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 shall issue (i) one tranche of Class D Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 20202018-2 Rental Car Asset Backed Notes, Class D” and (ii) Additional Class R Notes. The Class A Notes, Class B Notes, Class C Notes, Class D Notes and Class R Notes collectively, constitute the Series 2018-2 Notes. The Class B Notes shall be referred subordinated in right of payment to herein as the “Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes”. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes were deposited in the Collection Account and were deemed to be Principal Collections, and the proceeds from the sale of the Class D Notes and Additional Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2018-2 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202019-2 3 Rental Car Asset Backed Notes”. The Series 20202019-2 3 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202019-2 3 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202019-2 2.023 2.36% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202019-2 2.963 2.65% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202019-2 4.253 3.15% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202019-2 6.403 4.874% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202019-2 3 Closing Date, ABRCF may on any date during the Series 20202019-2 3 Revolving Period offer and sell additional Series 20202019-2 3 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202019-2 3 Notes, if issued, shall be designated as the “Series 20202019-2 3 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2019-3 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2019-3 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, Series Supplement and such Series of Notes shall be designated generally as the “Series 2020-2 Rental Car Asset Backed Notes”, Series 2005-2. The On the Series 20202005-2 Closing Date, six classes of Series 2005-2 Notes shall be issued in up to five Classes, issued: the first of which shall be known designated as the “Series 2005-2 Floating Rate Rental Car Asset Backed Notes, Class A A-1, and referred to herein as the Class A-1 Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 2020-2 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202005-2 2.024.93% Rental Car Asset Backed Notes, Class A”A-2, (ii) one tranche of and referred to herein as the Class B A-2 Notes, the third of which shall be designated as the “Series 20202005-2 2.96Floating Rate Rental Car Asset Backed Notes, Class A-3, and referred to herein as the Class A-3 Notes, the fourth of which shall be designated as the Series 2005-2 5.01% Rental Car Asset Backed Notes, Class B”A-4, (iii) one tranche of and referred to herein as the Class C A-4 Notes, the fifth of which shall be designated as the “Series 20202005-2 4.25Floating Rate Rental Car Asset Backed Notes, Class A-5, and referred to herein as the Class A-5 Notes and the last of which shall be designated as the Series 2005-2 5.08% Rental Car Asset Backed Notes, Class C” A-6, and (iv) one tranche referred to herein as the Class A-6 Notes. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes and the Class A-6 Notes are referred to herein collectively as the “Class A Notes”. At any time prior to the Expected Final Payment Date for the Class of Class R NotesB Notes being issued, additional Series 2005-2 Notes may be issued in up to six classes: the first of which shall be designated as the “Series 20202005-2 6.40% Floating Rate Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 2020-2 Closing Date, ABRCF may on any date during the Series 2020-2 Revolving Period offer and sell additional Series 2020-2 Notes subject to the conditions set forth in Section 5.15. Such additional Series 2020-2 Notes, if issued, shall be designated as the “Series 2020-2 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”.B-1,

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202011-2 5 Rental Car Asset Backed Notes”. The Series 20202011-2 5 Notes shall be issued in up to five three Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth third of which, if issued, shall be known as the “Class D C Notes”. On the Series 20202011-2 5 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202011-2 2.025 3.27% Rental Car Asset Backed Notes, Class A”, A and (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202011-2 2.965 4.72% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 2020-2 4.25% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 2020-2 6.40% Rental Car Asset Backed Notes, Class R”. B. Subsequent to the Series 20202011-2 5 Closing Date, ABRCF may on any date during the Series 20202011-2 5 Revolving Period offer and sell additional Series 20202011-2 5 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202011-2 5 Notes, if issued, shall be designated as the “Series 20202011-2 5 Fixed Rate Rental Car Asset Backed Notes, Class D” C, and shall be referred to herein as the “Class D C Notes”. The Class A Notes, Class B Notes and Class C Notes, if issued, together, constitute the Series 2011-5 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes, if issued, shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The proceeds from the sale of the Class A Notes and Class B Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2011-5 Notes are a non-Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.

Designation. There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Supplement, and such Series of Notes shall be designated generally as the “Series 20202019-2 1 Rental Car Asset Backed Notes”. The Series 20202019-2 1 Notes shall be issued in up to five Classes, the first of which shall be known as the “Class A Notes”, the second of which shall be known as the “Class B Notes”, the third of which shall be known as the “Class C Notes”, the fourth of which shall be known as the “Class R Notes” and the fifth of which, if issued, shall be known as the “Class D Notes”. On the Series 20202019-2 1 Closing Date, ABRCF shall issue (i) one tranche of Class A Notes, which shall be designated as the “Series 20202019-2 2.021 3.45% Rental Car Asset Backed Notes, Class A”, (ii) one tranche of Class B Notes, which shall be designated as the “Series 20202019-2 2.961 3.70% Rental Car Asset Backed Notes, Class B”, (iii) one tranche of Class C Notes, which shall be designated as the “Series 20202019-2 4.251 4.53% Rental Car Asset Backed Notes, Class C” and (iv) one tranche of Class R Notes, which shall be designated the “Series 20202019-2 6.401 6.192% Rental Car Asset Backed Notes, Class R”. Subsequent to the Series 20202019-2 1 Closing Date, ABRCF may on any date during the Series 20202019-2 1 Revolving Period offer and sell additional Series 20202019-2 1 Notes subject to the conditions set forth in Section 5.15. Such additional Series 20202019-2 1 Notes, if issued, shall be designated as the “Series 20202019-2 1 Rental Car Asset Backed Notes, Class D” and shall be referred to herein as the “Class D Notes”. The Class A Notes, Class B Notes, Class C Notes, Class D Notes, if issued, and Class R Notes collectively, constitute the Series 2019-1 Notes. The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein. The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein. The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein. The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes. The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections. The Series 2019-1 Notes are a non‑Segregated Series of Notes (as more fully described in the Base Indenture). Accordingly, all references in this Supplement to “all” Series of Notes (and all references in this Supplement to terms defined in the Base Indenture that contain references to “all” Series of Notes) shall refer to all Series of Notes other than Segregated Series of Notes.