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Re: Mcaa Amendment No. 1 June 2, 2009

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Title: Re: MCAA Amendment No. 1 June 2, 2009
Date: 6/8/2009
Industry: Rental and Leasing     Sector: Services

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Exhibit 4.211



5330 E. 31 st Street

Tulsa, Oklahoma 74135


Ambac Assurance Corporation

One State Street Plaza

New York, NY 10004

Attention: General Counsel


Financial Guaranty Insurance Company

125 Park Avenue

New York, NY 10017

Attention: General Counsel



MCAA Amendment No. 1

June 2, 2009


Ladies and Gentlemen:

Reference is made in this letter agreement (this “ Agreement ”) to (i) that certain Insurance Agreement (the “ Ambac Insurance Agreement ”, dated as of March 28, 2006, by and among Rental Car Finance Corp. (“ RCFC ”), Ambac Assurance Corporation (“ Ambac ”) and Deutsche Bank Trust Company Americas (the “ Trustee ”); (ii) that certain Insurance Agreement (the “ FGIC Insurance Agreement ”, and together with the Ambac Insurance Agreement, the “ Insurance Agreements ”), dated May 23, 2007, between Financial Guaranty Insurance Company (“ FGIC ”) and RCFC; and (iii) that certain Amendment No. 1 to Second Amended and Restated Master Collateral Agency Agreement, dated as of the date hereof (the “ MCAA Amendment ”, and the Amended and Restated Master Collateral Agency Agreement as so amended, the “ MCAA ”), among Dollar Thrifty Automotive Group, Inc. (“ DTAG ”), DTG Operations, Inc. (“ DTG Operations ”), RCFC, various Financing Sources party thereto, various Beneficiaries party thereto, and the Trustee in its capacity as Trustee and as Master Collateral Agent. Unless otherwise defined herein, terms used in this Agreement are used as defined in the Ambac Insurance Agreement or the FGIC Insurance Agreement, as applicable). In consideration for the execution by Ambac and FGIC of the MCAA Amendment, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, but without limiting any rights arising pursuant to the Insurance Agreements, each of DTAG, Ambac and FGIC hereby agrees as follows:


(a) If an Insurer Related Amortization Event (as defined in the MCAA) has not occurred with respect to the Series 2005-1 Notes, without limiting any other condition for such redesignation, DTAG shall not, on or after June 2, 2009 and until the occurrence of such an Insurer Relate

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