Common use of Payment by Counterparty Clause in Contracts

Payment by Counterparty. In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to JPMorgan an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to JPMorgan, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to EDG Confirmation Group, X.X. Xxxxxx Securities Inc., 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000-0000, or by fax to (000) 000 0000. Very truly yours, X.X. Xxxxxx Securities Inc., as agent for JPMorgan Chase Bank, National Association By: /S/ XXXXXXX X’XXXXXXX Authorized Signatory Name: Xxxxxxx X’Xxxxxxx Accepted and confirmed as of the Trade Date: Avis Budget Group, Inc. By: /S/ XXXXXXXX XXXXXXX Authorized Signatory

Payment by Counterparty. In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to JPMorgan Dealer an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to JPMorganDealer, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to EDG Confirmation Group, X.X. Xxxxxx Securities Inc.LLC, 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000-0000, or by fax to (000) 000 0000. Very truly yours, X.X. Xxxxxx Securities Inc.LLC, as agent for JPMorgan Chase Bank, National Association By: /S/ XXXXXXX X’XXXXXXX /s/ Xxxxx Xxxx Authorized Signatory Name: Xxxxxxx X’Xxxxxxx Xxxxx Xxxx Accepted and confirmed as of the Trade Date: Avis Budget GroupChart Industries, Inc. By: /S/ XXXXXXXX XXXXXXX /s/ Xxxxxxx X. Xxxxx Authorized SignatorySignatory Name: Xxxxxxx X. Xxxxx Title: Executive Vice President, Chief Executive Officer and Treasurer

Payment by Counterparty. In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to JPMorgan an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to JPMorgan, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to EDG Confirmation Group, X.X. Xxxxxx Securities Inc., 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000-0000, or by fax to (000) 000 0000. Very truly yours, X.X. Xxxxxx Securities Inc., as agent for JPMorgan Chase Bank, National Association By: /S/ XXXXXXX X’XXXXXXX Authorized Signatory Name: Xxxxxxx X’Xxxxxxx Accepted and confirmed as of the Trade Date: Avis Budget Group, Inc. By: /S/ XXXXXXXX XXXXX X. XXXXXXX Authorized Signatory

Payment by Counterparty. In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to JPMorgan Dealer an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to JPMorganDealer, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to EDG Confirmation Group, X.X. Xxxxxx Securities Inc.LLC, 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000-0000, or by fax to (000) 000 0000. Very truly yours, X.X. Xxxxxx Securities Inc.LLC, as agent for JPMorgan Chase Bank, National Association By: /S/ XXXXXXX X’XXXXXXX /s/ Xxxxx Xxxx Authorized Signatory Name: Xxxxxxx X’Xxxxxxx Xxxxx Xxxx Accepted and confirmed as of the Trade Date: Avis Budget GroupChart Industries, Inc. By: /S/ XXXXXXXX XXXXXXX /s/ Xxxxxxx X. Xxxxx Authorized SignatorySignatory Name: Xxxxxxx X. Xxxxx Title: Executive Vice President, Chief Financial Officer and Treasurer