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Full Doc
 | 2000 |
Lease Agreement [Form]
Lease Agreement [Form] (161K)
Doc #112693: Click preview link for longer preview.
-----------------------------------------------------------------------------
| CONFIDENTIAL: ANNEXES B, C AND D AND SCHEDULES 1, 2, 3 AND 4 OF THIS |
| LEASE AGREEMENT ARE SUBJECT TO RESTRICTIONS ON DISSEMINATION |
| SET FORTH IN SECTION 8 OF THE PARTICIPATION AGREEMENT (AS DEFINED HEREIN) |
----------------------------------------------------------------------------
================================================================================
LEASE AGREEMENT [______]
Dated as of [_______________]
Between
FIRST SECURITY BANK,
NATIONAL ASSOCIATION,
Not in its Individual Capacity,
except as expressly provided herein,
but solely as Owner Trustee,
Lessor
and
CONTINENTAL AIRLINES, INC.,
Lessee
--------------------------------------------------------------------------------
One Boeing Model [737-824] [757-224] [767-424] Aircraft
Bearing United States Registration No. N[______] and
Bearing Manufacturer's Serial No. [______] with two
[CFM MODEL 56-7B26] [ROLLS-ROYCE MODEL RB211-535E4-B]
[GE MODEL CF6-80C2B8F] Engines
Bearing Engine Manufacturer's Serial Nos. [______] and [______]
================================================================================
THE RIGHT, TITLE AND INTEREST OF LESSOR IN AND TO, AMONG OTHER THINGS,
THIS LEASE AGREEMENT HAS BEEN ASSIGNED TO AND IS SUBJECT TO A SECURITY INTEREST
IN FAVOR OF WILMINGTON TRUST COMPANY, A DELAWARE BANKING CORPORATION, AS
MORTGAGEE, UNDER THE TRUST INDENTURE AND MORTGAGE [______], DATED AS OF
[_______________], FOR THE BENEFIT OF THE HOLDERS OF THE EQUIPMENT NOTES
REFERRED TO IN SUCH TRUST INDENTURE, ALL TO THE EXTENT PROVIDED IN SUCH TRUST
INDENTURE. THIS LEASE AGREEMENT HAS BEEN EXECUTED IN MULTIPLE COUNTERPARTS; TO
THE EXTENT, IF ANY, THAT THIS LEASE AGREEMENT CONSTITUTES CHATTEL PAPER (AS
DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN ANY APPLICABLE
JURISDICTION), NO SECURITY INTEREST IN LESSOR'S RIGHT, TITLE AND INTEREST IN AND
TO THIS LEASE AGREEMENT MAY BE PERFECTED THROUGH THE DELIVERY OR POSSESSION OF
ANY COUNTERPART OF THIS LEASE AGREEMENT OTHER THAN THE COUNTERPART OF THIS LEASE
AGREEMENT THAT CONTAINS THE ORIGINAL RECEIPT EXECUTED BY WILMINGTON TRUST
COMPANY, AS MORTGAGEE.
{PAGE}
CONTENTS
SECTION 1. DEFINITIONS AND CONSTRUCTION.............................. 1
SECTION 2. DELIVERY AND ACCEPTANCE................................... 1
2.1 Delivery and Lease of Aircraft............................ 1
2.2 Acceptance by Lessee...................................... 2
SECTION 3. TERM AND RENT............................................. 2
3.1 Term...................................................... 2
3.2 Rent...................................................... 2
3.3 Payments.................................................. 5
SECTION 4. DISCLAIMER; CERTAIN AGREEMENTS OF LESSOR; SECTION
1110 MATTERS.............................................. 6
4.1 Disclaimer................................................ 6
4.2 Certain Agreements of Lessor.............................. 7
4.3 Quiet Enjoyment........................................... 7
4.4 Investment of Funds Held as Security...................... 7
4.5 Title Transfers by Lessor................................. 8
4.6 Lessor's Interest in Certain Engines...................... 9
4.7 Lease For U.S. Federal Income Tax Law Purposes;
Section 1110 of Bankruptcy Code........................... 9
SECTION 5. RETURN OF AIRCRAFT........................................ 9
5.1 Compliance with Annex B................................... 9
5.2 Storage and Related Matters............................... 10
5.3 Return of Other Engines................................... 10
5.4 Fuel...................................................... 10
SECTION 6. LIENS..................................................... 11
SECTION 7. REGISTRATION, OPERATION, POSSESSION, SUBLEASING AND
RECORDS................................................... 12
7.1 Registration and Operation................................ 12
7.2 Possession................................................ 13
7.3 Certain Limitations on Subleasing or Other
Relinquishment of Possession.............................. 17
{PAGE}
SECTION 8. MAINTENANCE; REPLACEMENT AND POOLING OF PARTS;
ALTERATIONS, MODIFICATIONS AND ADDITIONS; OTHER
LESSEE COVENANTS.......................................... 18
8.1 Maintenance; Replacement and Pooling of Parts;
Alterations, Modifications and Additions.................. 18
8.2 Information, Certificates, Notices and Reports............ 18
SECTION 9. VOLUNTARY TERMINATION UPON OBSOLESCENCE................... 20
9.1 Right of Termination...................................... 20
9.2 Election by Lessor to Sell................................ 20
9.3 Retention of Aircraft by Lessor........................... 23
SECTION 10. LOSS, DESTRUCTION, REQUISITION, ETC....................... 24
10.1 Event of Loss With Respect to Aircraft.................... 24
10.2 Event of Loss With Respect to an Engine................... 27
10.3 Conditions to any Replacement............................. 27
10.4 Conveyance to Lessee...................................... 29
10.5 Application of Payments................................... 29
10.6 Requisition of Aircraft for Use........................... 30
10.7 Requisition of an Engine for Use.......................... 31
10.8 Application of Payments................................... 31
10.9 Application of Payments During Existence of a Lease
Event of Default.......................................... 31
SECTION 11. INSURANCE................................................. 32
11.1 Lessee's Obligation to Insure............................. 32
11.2 Insurance for Own Account................................. 32
11.3 Indemnification by Government in Lieu of Insurance........ 32
11.4 Application of Insurance Proceeds......................... 33
11.5 Application of Payments During Existence of Default....... 33
SECTION 12. INSPECTION................................................ 33
SECTION 13. ASSIGNMENT; MERGER; SUCCESSOR OWNER TRUSTEE............... 34
13.1 In General................................................ 34
13.2 Merger of Lessee.......................................... 34
13.3 Assignment Security for Lessor's Obligations.............. 35
13.4 Successor Owner Trustee................................... 36
{PAGE}
SECTION 14. LEASE EVENTS OF DEFAULT................................... 36
14.1 Payments.................................................. 36
14.2 Insurance................................................. 37
14.3 Other Covenants........................................... 37
14.4 Representations and Warranties............................ 37
14.5 Bankruptcy and Insolvency................................. 37
SECTION 15. REMEDIES AND WAIVERS...................................... 38
15.1 Remedies.................................................. 38
15.2 Limitations Under CRAF.................................... 42
15.3 Right to Perform for Lessee............................... 42
15.4 Determination of Fair Market Rental Value and Fair
Market Sales Value........................................ 42
15.5 Remedies Cumulative....................................... 43
SECTION 16. LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC........ 43
SECTION 17. RENEWAL AND PURCHASE OPTIONS.............................. 44
17.1 Notices Generally......................................... 44
17.2 Renewal Options........................................... 44
17.3 Purchase Option........................................... 46
17.4 Appraisals................................................ 47
SECTION 18. MISCELLANEOUS............................................. 48
18.1 Amendments................................................ 48
18.2 Severability.............................................. 48
18.3 Third-Party Beneficiary................................... 49
18.4 Reproduction of Documents................................. 49
18.5 Counterparts.............................................. 49
18.6 Notices................................................... 49
18.7 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE.......... 50
18.8 No Waiver................................................. 51
18.9 Entire Agreement.......................................... 51
ANNEXES, EXHIBITS AND SCHEDULES
-------------------------------
ANNEX A Definitions
ANNEX B Return Conditions
ANNEX C Maintenance
ANNEX D Insurance
{PAGE}
EXHIBIT A Form of Lease Supplement
EXHIBIT B Form of Return Acceptance Supplement
SCHEDULE 1 Certain Terms
SCHEDULE 2 Basic Rent
SCHEDULE 3 Stipulated Loss Value Schedule
SCHEDULE 4 Termination Value Schedule
SCHEDULE 5 Permitted Countries
SCHEDULE 6 Placards
{PAGE}
LEASE AGREEMENT [______]
LEASE AGREEMENT [______], dated as of [_______________] (this "Agreement"
or "Lease"), between (a) FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national
banking association, not in its individual capacity, except as expressly
provided herein, but solely as Owner Trustee (this and all other capitalized
terms used but not defined herein shall have the respective meanings ascribed
thereto in Section 1 below) ("Lessor" or "Owner Trustee"), and (b) CONTINENTAL
AIRLINES, INC., a Delaware corporation ("Lessee").
RECITALS
A. Lessor and Lessee are parties to the Participation Agreement, pursuant
to which, among other things, Lessor and Lessee have agreed to enter into this
Agreement.
B. Pursuant to the Trust Agreement, Owner Participant has authorized
Lessor to enter into this Agreement.
NOW, THEREFORE, for and in consideration of the premises and the mutual
agreements contained herein and for other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto
agree as follows:
SECTION 1. DEFINITIONS AND CONSTRUCTION
Capitalized terms used but not defined herein shall have the respective
meanings set forth or incorporated by reference, and shall be construed and
interpreted in the manner described, in Annex A.
SECTION 2. DELIVERY AND ACCEPTANCE
2.1 DELIVERY AND LEASE OF AIRCRAFT
Lessor hereby agrees (subject to the satisfaction or waiver of the
conditions set forth in Section 5 of the Participation Agreement) to lease to
Lessee for the Term and Lessee hereby agrees (subject to the satisfaction or
waiver of the conditions set forth in Section 5 of the Participation Agreement)
to lease from Lessor for the Term, the Aircraft, commencing immediately upon
acquisition of the Aircraft by Lessor pursuant to the Purchase Agreement
Assignment.
{PAGE}
2.2 ACCEPTANCE BY LESSEE
(a) By executing and delivering Lease Supplement No. 1, Lessee confirms
to Lessor that Lessee has duly and irrevocably accepted delivery of the Aircraft
for all purposes of this Agreement.
(b) Lessor has authorized one or more employees of Lessee, designated by
Lessee in writing, as the authorized representative or representatives of Lessor
to accept delivery of the Aircraft on behalf of Lessor pursuant to the Purchase
Agreement Assignment and the Participation Agreement. Lessee hereby agrees that
if delivery of the Aircraft shall be accepted by an employee or employees of
Lessee pursuant to such authorization by Lessor, such acceptance of delivery by
such employee or employees on behalf of Lessor shall, without further act,
irrevocably constitute acceptance by Lessee of the Aircraft for all purposes of
this Agreement.
SECTION 3. TERM AND RENT
3.1 TERM
The Aircraft shall be leased hereunder for the Term, unless this Agreement
or the leasing of the Aircraft is earlier terminated in accordance with any
provision of this Agreement. Lessee shall have the option to renew the leasing
of the Aircraft hereunder pursuant to, and subject to the terms and conditions
of, Section 17, for the Renewal Lease Term.
3.2 RENT
3.2.1 INTERIM RENT; BASIC RENT; ADJUSTMENTS TO BASIC
RENT AND CERTAIN OTHER AMOUNTS
(a) Lessee shall pay Interim Rent to Lessor on the last day of the
Interim Lease Term, which shall be allocated to the Interim Lease Term. During
the Base Lease Term, Lessee shall pay to Lessor, on each Payment Date, Basic
Rent in the amount equal to the percentage of Lessor's Cost specified in
Schedule 2 for such Payment Date, which shall be allocated to the Payment Period
ending on such Payment Date, if designated as a payment in arrears, or allocated
to the Payment Period commencing on such Payment Date, if designated as a
payment in advance, in each case as specified in Schedule 2, as such amount may
be adjusted pursuant to Section 3.2.1(b).
(b) Basic Rent, Stipulated Loss Values and Termination Values, shall be
subject to adjustment as follows:
112693
|
Continental
As referenced in this Lease Agreement [Form]:
CONTINENTAL AIRLINES, – Between
FIRST SECURITY BANK,
NATIONAL ASSOCIATION,
Not in its Individual Capacity,
except as expressly provided herein,
but solely as Owner Trustee,
Lessor
and
CONTINENTAL AIRLINES, INC.,
Lessee
--------------------------------------------------------------------------------
One Boeing Model [737-824] [757-224] [767-424] Aircraft
Bearing United States Registration No. N[______] and
Bearing Manufacturer'
_____________
CONTINENTAL
AIRLINES, – terms used but not defined herein shall have the respective meanings ascribed
thereto in Section 1 below) ("Lessor" or "Owner Trustee"), and (b) CONTINENTAL
AIRLINES, INC., a Delaware corporation ("Lessee").
RECITALS
A. Lessor and Lessee are parties to the Participation Agreement, pursuant
to which, among other things,
_____________
CONTINENTAL AIRLINES, – in its individual capacity, except as
expressly provided herein, but solely as
Owner Trustee under the Trust Agreement,
as Lessor
By
------------------------------------------
Name:
Title:
CONTINENTAL AIRLINES, INC.,
as Lessee
By
------------------------------------------
Name:
Title:
Receipt of this original counterpart of the foregoing Lease Agreement is
hereby acknowledged on this ____
_____________
CONTINENTAL AIRLINES, – in its individual capacity, except as
expressly provided herein, but solely as
Owner Trustee under the Trust Agreement,
as Lessor
By
------------------------------------------
Name:
Title:
CONTINENTAL AIRLINES, INC.,
as Lessee
By
------------------------------------------
Name:
Title:
{PAGE}
ANNEX A
[SEE LEASED AICRAFT PARTICIPATION AGREEMENT ANNEX A]
{PAGE}
ANNEXES B-D
[OMITTED AS
_____________
CONTINENTAL AIRLINES, – of [_____________,] with the Owner Participant named therein
(such Owner Trustee, in its capacity as such Owner Trustee being herein called
"Lessor"), and CONTINENTAL AIRLINES, INC., a Delaware corporation, as Lessee
("Lessee").
Lessor and Lessee have heretofore entered into that certain Lease
Agreement [______], dated as of [
_____________
dt 91551
;
 Wilmington Trust
As referenced in this Lease Agreement [Form]:
WILMINGTON TRUST CO – IN AND TO, AMONG OTHER THINGS,
THIS LEASE AGREEMENT HAS BEEN ASSIGNED TO AND IS SUBJECT TO A SECURITY INTEREST
IN FAVOR OF WILMINGTON TRUST CO MPANY, A DELAWARE BANKING CORPORATION, AS
MORTGAGEE, UNDER THE TRUST INDENTURE AND MORTGAGE [______], DATED AS OF
[_______________], FOR THE BENEFIT OF THE
_____________
WILMINGTON TRUST
CO – POSSESSION OF
ANY COUNTERPART OF THIS LEASE AGREEMENT OTHER THAN THE COUNTERPART OF THIS LEASE
AGREEMENT THAT CONTAINS THE ORIGINAL RECEIPT EXECUTED BY WILMINGTON TRUST
CO MPANY, AS MORTGAGEE.
{PAGE}
CONTENTS
SECTION 1. DEFINITIONS AND CONSTRUCTION.............................. 1
SECTION 2. DELIVERY AND ACCEPTANCE................................... 1
2.1 Delivery and Lease of
_____________
WILMINGTON TRUST CO – By
------------------------------------------
Name:
Title:
Receipt of this original counterpart of the foregoing Lease Agreement is
hereby acknowledged on this ____ day of _________, _______.
WILMINGTON TRUST CO MPANY,
as Mortgagee
By
------------------------------------------
Name:
Title:
{PAGE}
IN WITNESS WHEREOF, Lessor and Lessee have each caused this Lease
Agreement to be duly executed
_____________
WILMINGTON TRUST CO – By
------------------------------------------
Name:
Title:
Receipt of this original counterpart of the foregoing Lease Supplement is
hereby acknowledged on this ____ day of _________, __________.
WILMINGTON TRUST CO MPANY,
as Mortgagee
By
------------------------------------------
Name:
Title:
{PAGE}
--------------------------------
| EXHIBIT B - LEASE SUPPLEMENT |
| LEASE AGREEMENT [___] |
--------------------------------
RETURN ACCEPTANCE SUPPLEMENT
RETURN ACCEPTANCE SUPPLEMENT dated ________, between
_____________
Wilmington Trust Co – Leased from
First Security Bank, National Association,
not in its individual capacity but solely as
Owner Trustee, Owner and Lessor
and
Mortgaged to
Wilmington Trust Co mpany,
not in its individual capacity but solely as Mortgagee
_____________
dt 99503
;
| First Security Bank, National Association
|
| Preview
Full Doc
| 2000 |
Sublease Agreement
Sublease Agreement (169K)
Doc #112716: Click preview link for longer preview.
SUBLEASE AGREEMENT 060
Dated as of October 26, 1999
between
CONTINENTAL MICRONESIA, INC.
Sublessor
and
HAWAIIAN AIRLINES, INC.
Sublessee
One McDonnell Douglas DC-10-30 Aircraft
N68060
----------------------------------------------
TO THE EXTENT THAT THIS SUBLEASE AND ANY SUBLEASE SUPPLEMENT CONSTITUTE CHATTEL
PAPER, AS SUCH TERM IS DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN
ANY APPLICABLE JURISDICTION, NO SECURITY INTEREST MAY BE CREATED IN THIS
SUBLEASE THROUGH THE TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
"ORIGINAL".
{PAGE}
TABLE OF CONTENTS
Section
Page
Article 1. Definitions and Accounting Terms.................................1
1.1 Definitions......................................................1
1.2 Accounting Terms.................................................6
Article 2. Delivery and Acceptance..........................................6
2.1 Agreement to Sublease ...........................................6
2.2 Conditions Precedent to Sublease of Aircraft by Sublessee........7
2.3 Conditions Precedent to Sublease of Aircraft by Sublessor........7
2.4 Aircraft Delivery Condition; Inspection..........................8
2.5 Reconfiguration and Painting Costs...............................9
2.6 Reimbursement of Costs...........................................9
Article 3. Term and Rent...................................................10
3.1 Term............................................................10
3.2 Basic Rent and Maintenance Reserves.............................10
3.3 Payments on Business Days.......................................11
3.4 Supplemental Rent...............................................11
3.5 Place of Payments...............................................12
3.6 No Set-off, Counterclaim, etc...................................12
Article 4. Representations, Warranties; Disclaimers........................13
4.1 Of Sublessee....................................................13
4.2 Of Sublessor....................................................14
4.3 Subordination of Sublease to Head Lease.........................16
Article 5. Registration, Possession, Maintenance, Operation................17
5.1 Registration and Insignia.......................................17
5.2 Possession......................................................17
5.3 Maintenance.....................................................18
5.4 Operation.......................................................19
Article 6. Replacement and Pooling of Parts, Alterations, Modifications and
Additions.......................................................20
6.1 Replacement of Parts............................................20
6.2 Title to Parts..................................................21
6.3 Alterations, Modifications and Additions........................21
Article 7. Loss, Destruction, Requisition..................................22
{PAGE}
7.1 Event of Loss with Respect to Airframe..........................22
7.2 Event of Loss with Respect to an Engine.........................23
7.3 Documents Required in Connection with Substitution..............23
7.4 Application of Payments from Governmental
Authorities for Requisition of Title............................24
7.5 Requisition of Aircraft for Use by the Government...............25
7.6 Application of Payments During Existence of Event of Default....25
7.7 Replacement of Engines..........................................25
Article 8. Insurance.......................................................26
8.1. Public Liability and Property Damage Insurance..................26
8.2 Insurance Against Loss or Damage to Aircraft....................27
8.3 Government Indemnity............................................28
8.4 Application of Insurance Proceeds...............................28
8.5 Application of Insurance Proceeds for Other Than Event of Loss..29
8.6 Application in Default..........................................29
8.7 Certificates of Insurance.......................................29
8.8 Insurance of Sublessee's Interest...............................30
Article 9. .............................................Liens and Indemnities
30
9.1 Liens...........................................................30
9.2 General Indemnity...............................................31
9.3 General Tax Indemnity...........................................33
9.4 Survival........................................................36
Article 10. Inspection; Financial Statements and Other
Information.....................................................36
10.1 Inspection......................................................36
10.2 Financial Statements and Other Information......................36
Article 11. Recordation and Further Assurances..............................37
Article 12. Return of Aircraft..............................................37
12.1. Return..........................................................37
12.2 Records.........................................................38
12.3 Condition.......................................................38
Article 13. Events of Default...............................................38
Article 14. Remedies........................................................39
14.1 Default; Remedies...............................................39
14.2 No Waiver, Etc..................................................41
Article 15. Miscellaneous...................................................41
15.1 Notices.........................................................41
15.2 Right to Perform for Sublessee..................................42
15.3 Assignment by Sublessee.........................................42
15.4 Assignment by Sublessor.........................................44
15.5 Quiet Enjoyment.................................................44
15.6 Investment of Funds.............................................45
15.7 Confidentiality.................................................45
15.8 Applicable Law..................................................45
Exhibit A Sublease Supplement
Schedule 1 Certain Financial Terms
{PAGE}
SUBLEASE AGREEMENT 060, dated as of October 26, 1999, between CONTINENTAL
MICRONESIA, INC., a Delaware corporation ("Sublessor"), and HAWAIIAN AIRLINES,
INC., a Hawaii corporation ("Sublessee").
ARTICLE 1.
DEFINITIONS AND ACCOUNTING TERMS
Section 1.1. Definitions. Unless the context otherwise requires, the
following terms shall have the following meanings for all purposes of this
Sublease and shall be equally applicable to both the singular and the plural
forms of the terms herein defined. Any agreement referred to below shall mean
such agreement as amended, supplemented and modified from time to time. The word
"including" means "including without limitation".
"Act" means that portion of the United States Code comprising the
provisions formerly referred to as the Federal Aviation Act of 1958, as amended
from time to time.
"Affiliate" means, with respect to any Person, any other Person which,
directly or indirectly, controls or is controlled by or is under common control
with such Person.
"Aircraft" means the Airframe which is Subleased hereunder, together with
each Engine initially installed on the Airframe when delivered and Subleased
hereunder and described on the Sublease Supplement for the Airframe (or any
engine substituted for any of such Engines pursuant to Section 7.1, 7.2, 7.7 or
12.2 hereof), whether or not any of such initial or substituted Engines may from
time to time be installed on the Airframe.
"Airframe" means (a) the McDonnell Douglas Model DC-10-30 aircraft
(excluding Engines or engines from time to time installed thereon but including
quick engine change kits, which shall be deemed to be part of the Airframe)
described on the Sublease Supplement executed on the Delivery Date and Subleased
hereunder by Sublessor to Sublessee, and (b) any and all Parts so long as the
same shall be incorporated in such airframe and any and all Parts removed from
such airframe so long as title to such Parts shall remain vested in Sublessor in
accordance with the terms of Section 6.
"Basic Rent" means the rent payable for the Aircraft pursuant to Section
3.2 hereof.
"Basic Rent Payment Date" means the second day of each calendar month,
commencing December 2, 1999 and concluding on January 2, 2002.
"Business Day" shall mean a day other than a Saturday, Sunday or other day
on which commercial banking institutions are required or authorized to close in
New York, New York or Honolulu, Hawaii. Any reference herein to "days" shall
mean calendar days unless Business Days are specified.
112716
|
Continental
As referenced in this Sublease Agreement:
Continental Airlines, – amended
from time to time, or any similar legislation of the United States enacted to
supersede, amend or supplement such Code.
"Continental" means Continental Airlines, Inc., a Delaware corporation,
and its successors and assigns.
"Continental Indemnitee" means Sublessor and its successors, assigns,
affiliates, directors, officers, employees, agents
_____________
dt 91552
;
Chase Manhattan
As referenced in this Sublease Agreement:
Chase Manhattan
Bank, – company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.
"Prime Rate" means the rate per annum announced by The Chase Manhattan
Bank, N.A. as its prime commercial lending rate at its principal office in New
York from time to time.
"Rent" means Basic
_____________
Chase Manhattan Bank, – P.M. Houston
time, at the place of receipt, on the date due by wire transfer to the account
of Sublessor, at The Chase Manhattan Bank, ABA 021-000-21, Account No.
__________________, Ref: Aircraft 060 Sublease, or to such other financial
institution located in the continental United
_____________
dt 101524
;
| Continental Micronesia, Inc.;
Hawaiian Airlines Inc.
|
| Preview
Full Doc
| 2000 |
Sublease Agreement
Sublease Agreement (169K)
Doc #112717: Click preview link for longer preview.
SUBLEASE AGREEMENT 061
Dated as of October 26, 1999
between
CONTINENTAL MICRONESIA, INC.
Sublessor
and
HAWAIIAN AIRLINES, INC.
Sublessee
One McDonnell Douglas DC-10-30 Aircraft
N12061
TO THE EXTENT THAT THIS SUBLEASE AND ANY SUBLEASE SUPPLEMENT CONSTITUTE CHATTEL
PAPER, AS SUCH TERM IS DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN
ANY APPLICABLE JURISDICTION, NO SECURITY INTEREST MAY BE CREATED IN THIS
SUBLEASE THROUGH THE TRANSFER OR POSSESSION OF ANY COUNTERPART OTHER THAN THE
"ORIGINAL".
{PAGE}
TABLE OF CONTENTS
Section
Page
ARTICLE 1. DEFINITIONS AND ACCOUNTING TERMS..................................1
1.1. Definitions......................................................1
1.2. Accounting Terms.................................................6
ARTICLE 2. DELIVERY AND ACCEPTANCE...........................................6
2.1. Agreement to Sublease............................................6
2.2. Conditions Precedent to Sublease of Aircraft by Sublessee........6
2.3. Conditions to Sublease of Aircraft by Sublessor..................7
2.4. Aircraft Delivery Condition; Inspection..........................8
2.5. Reconfiguration and Painting Costs...............................9
2.6. Reimbursement of Costs...........................................9
ARTICLE 3. TERM AND RENT...................................................11
3.1. Term............................................................11
3.2. Basic Rent and Maintenance Reserves.............................11
3.3. Payments on Business Days.......................................12
3.4. Supplemental Rent...............................................12
3.5. Place of Payments...............................................12
3.6. No Set-Off, Counterclaim, Etc...................................13
ARTICLE 4. REPRESENTATIONS, WARRANTIES; DISCLAIMERS........................14
4.1. Of Sublessee....................................................14
4.2. Of Sublessor....................................................15
4.3. Subordination of Sublease to Head Lease.........................17
ARTICLE 5. REGISTRATION, POSSESSION, MAINTENANCE,
OPERATION.............................................................17
5.1. Registration and Insignia.......................................18
5.2. Possession......................................................18
5.3. Maintenance.....................................................19
5.4. Operations......................................................20
ARTICLE 6. REPLACEMENT AND POOLING OF PARTS; ALTERATIONS,
MODIFICATIONS AND ADDITIONS...........................................21
6.1. Replacement of Parts............................................21
6.2. Title to Parts..................................................21
6.3. Alterations, Modifications and Additions........................22
ARTICLE 7. LOSS, DESTRUCTION, REQUISITION..................................23
7.1. Event of Loss with Respect to Airframe..........................23
{PAGE}
7.2. Event of Loss with Respect to an Engine.........................24
7.3. Documents Required in Connection with Substitution..............24
7.4. Application of Payments from Governmental Authorities
for Requisition of Title........................................25
7.5. Requisition for Use by the Government...........................26
7.6. Application of Payments During Existence of Event of Default....26
7.7. Replacement of Engines..........................................26
ARTICLE 8. INSURANCE.......................................................27
8.1. Public Liability and Property Damage Insurance..................27
8.2. Insurance Against Loss or Damage to Aircraft....................28
8.3. Government Indemnity............................................29
8.4. Application of Insurance Proceeds...............................29
8.5. Application of Insurance Proceeds for Other Than
Event of Loss...................................................30
8.6. Application in Default..........................................30
8.7. Certificates of Insurance.......................................30
8.8. Insurance of Sublessee's Interest...............................31
ARTICLE 9. LIENS AND INDEMNITIES...........................................32
9.1. Liens...........................................................32
9.2. General Indemnity...............................................32
9.3. General Tax Indemnity...........................................34
9.4. Survival........................................................37
ARTICLE 10. INSPECTION; FINANCIAL STATEMENTS AND OTHER
INFORMATION...........................................................37
10.1. Inspection.....................................................37
10.2. Financial Statements and Other Information.....................38
ARTICLE 11. RECORDATION AND FURTHER ASSURANCES.............................38
ARTICLE 12. RETURN OF AIRCRAFT.............................................39
12.1 Return.........................................................39
12.2. Records........................................................39
12.3. Condition......................................................39
ARTICLE 13. EVENTS OF DEFAULT..............................................40
ARTICLE 14. REMEDIES.......................................................41
14.1. Default; Remedies..............................................41
14.2. No Waiver, Etc.................................................43
ARTICLE 15. MISCELLANEOUS..................................................43
15.1 Notices........................................................43
15.2. Right to Perform for Sublessee.................................43
15.3. Assignment by Sublessee........................................44
{PAGE}
15.4. Assignment by Sublessor........................................44
15.5. Quiet Enjoyment................................................46
15.6. Investment of Funds............................................46
15.7. Maintenance of Status..........................................47
15.8. Confidentiality................................................47
15.9. Applicable Law.................................................47
Exhibit A Sublease Supplement
Schedule 1 Certain Financial Terms
{PAGE}
SUBLEASE AGREEMENT 061, dated as of October 26, 1999, between CONTINENTAL
MICRONESIA, INC., a Delaware corporation ("Sublessor"), and HAWAIIAN AIRLINES,
INC., a Hawaii corporation ("Sublessee").
ARTICLE 1.
DEFINITIONS AND ACCOUNTING TERMS
Section 1.1. Definitions. Unless the context otherwise requires, the
following terms shall have the following meanings for all purposes of this
Sublease and shall be equally applicable to both the singular and the plural
forms of the terms herein defined. Any agreement referred to below shall mean
such agreement as amended, supplemented and modified from time to time. The word
"including" means "including without limitation".
"Act" means that portion of the United States Code comprising the
provisions formerly referred to as the Federal Aviation Act of 1958, as amended
from time to time.
"Affiliate" means, with respect to any Person, any other Person which,
directly or indirectly, controls or is controlled by or is under common control
with such Person.
"Aircraft" means the Airframe which is Subleased hereunder, together with
each Engine initially installed on the Airframe when delivered and Subleased
hereunder and described on the Sublease Supplement for the Airframe (or any
engine substituted for any of such Engines pursuant to Section 7.1, 7.2, 7.7 or
12.2 hereof), whether or not any of such initial or substituted Engines may from
time to time be installed on the Airframe.
"Airframe" means (a) the McDonnell Douglas Model DC-10-30 aircraft
(excluding Engines or engines from time to time installed thereon but including
quick engine change kits, which shall be deemed to be part of the Airframe)
described on the Sublease Supplement executed on the Delivery Date and Subleased
hereunder by Sublessor to Sublessee, and (b) any and all Parts so long as the
same shall be incorporated in such airframe and any and all Parts removed from
such airframe so long as title to such Parts shall remain vested in Sublessor in
accordance with the terms of Section 6.
"Basic Rent" means the rent payable for the Aircraft pursuant to Section
3.2 hereof.
"Basic Rent Payment Date" means the second day of each calendar month,
commencing on May 2, 2000 and concluding on January 2, 2002.
"Business Day" shall mean a day other than a Saturday, Sunday or other day
on which commercial banking institutions are required or authorized to close in
New York, New York or Honolulu, Hawaii. Any reference herein to "days" shall
mean calendar days unless Business Days are specified.
112717
|
Continental
As referenced in this Sublease Agreement:
Continental Airlines, – amended
from time to time, or any similar legislation of the United States enacted to
supersede, amend or supplement such Code.
"Continental" means Continental Airlines, Inc., a Delaware corporation,
and its successors and assigns.
"Continental Indemnitee" means Sublessor and its successors, assigns,
affiliates, directors, officers, employees, agents
_____________
dt 91553
;
Chase Manhattan
As referenced in this Sublease Agreement:
Chase Manhattan
Bank, – company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.
"Prime Rate" means the rate per annum announced by The Chase Manhattan
Bank, N.A. as its prime commercial lending rate at its principal office in New
York from time to time.
"Rent" means Basic
_____________
Chase Manhattan Bank, – P.M.
Houston time, at the place of receipt, on the date due by wire transfer to the
account of Sublessor, at The Chase Manhattan Bank, ABA 021-000-21, Account No.
___________, Ref: Aircraft 061 Sublease, or to such other financial institution
located in the continental United
_____________
dt 101525
;
| Continental Micronesia, Inc.;
Hawaiian Airlines Inc.
|
| Preview
Full Doc
| 2000 |
Lease Agreement [Form]
Lease Agreement [Form] (277K)
Doc #112724: Click preview link for longer preview.
================================================================================
LEASE AGREEMENT
[NW ____ _]
Dated as of
[_________________]
Between
FIRST SECURITY BANK, NATIONAL ASSOCIATION,
Not in its Individual Capacity, except as expressly
provided herein, but solely as Owner Trustee,
Lessor
AND
NORTHWEST AIRLINES, INC.,
Lessee
One British Aerospace Avro 146-RJ85A Aircraft
================================================================================
As set forth in Section 20 hereof, Lessor has assigned to the Indenture Trustee
(as defined herein) certain of its right, title and interest in and to this
Lease. To the extent, if any, that this Lease constitutes chattel paper (as such
term is defined in the Uniform Commercial Code as in effect in any applicable
jurisdiction) no security interest in this Lease may be created through the
transfer or possession of any counterpart other than the original executed
counterpart, which shall be identified as the counterpart containing the receipt
therefor executed by the Indenture Trustee on the signature page thereof.
{PAGE}
TABLE OF CONTENTS
Page
----
SECTION 1. Definitions....................................................1
SECTION 2. Acceptance and Lease..........................................17
SECTION 3. Term and Rent.................................................17
(a) Basic Term................................................17
(b) [Intentionally Omitted]...................................17
(c) Basic Rent................................................17
(d) Adjustments to Basic Rent.................................17
(e) Supplemental Rent.........................................19
(f) Payments in General.......................................19
SECTION 4. Lessor's Representations and Warranties.......................20
SECTION 5. Return of the Aircraft........................................21
(a) Condition Upon Return.....................................21
(b) Return of the Engines.....................................22
(c) Fuel; Manuals.............................................22
(d) Storage Upon Return.......................................23
SECTION 6. Liens.........................................................23
SECTION 7. Registration, Maintenance and Operation; Possession and
Subleases; Insignia........................................23
(a) Registration and Maintenance..............................24
(b) Possession and Subleases..................................25
(c) Insignia..................................................28
SECTION 8. Replacement and Pooling of Parts; Alterations, Modifications
and Additions..............................................29
(a) Replacement of Parts......................................29
(b) Pooling of Parts..........................................30
(c) Alterations, Modifications and Additions..................30
SECTION 9. Voluntary Termination.........................................31
(a) Termination Event.........................................31
(b) [Intentionally Omitted]...................................31
(c) Optional Sale of the Aircraft.............................31
(d) Termination as to Engines.................................33
SECTION 10. Loss, Destruction, Requisition, etc...........................33
(a) Event of Loss with Respect to the Aircraft................33
(b) Event of Loss with Respect to an Engine...................35
-i-
{PAGE}
Page
----
(c) Application of Payments from Governmental Authorities for
Requisition of Title, etc..............................36
(d) Requisition for Use of the Aircraft by the United States
Government or the Government of Registry of the
Aircraft...............................................37
(e) Requisition for Use of an Engine by the United States
Government or the Government of Registry of the
Aircraft...............................................38
(f) Application of Payments During Existence of Event of
Default................................................38
SECTION 11. Insurance.....................................................38
(a) Public Liability and Property Damage Insurance............38
(b) Insurance Against Loss or Damage to the Aircraft..........40
(c) Reports, etc..............................................42
(d) Self-Insurance............................................43
(e) Additional Insurance by Lessor and Lessee.................43
(f) Indemnification by Government in Lieu of Insurance........44
(g) Application of Payments During Existence of an Event of
Default................................................44
SECTION 12. Inspection....................................................44
SECTION 13. Assignment....................................................45
SECTION 14. Events of Default.............................................45
SECTION 15. Remedies......................................................47
SECTION 16. Lessee's Cooperation Concerning Certain Matters...............50
SECTION 17. Notices.......................................................51
SECTION 18. No Set-Off, Counterclaim, etc.................................51
SECTION 19. Renewal Options; Purchase Options; Valuation..................52
(a) Renewal Options...........................................52
(b) Purchase Options..........................................53
(c) Valuation.................................................53
(d) Special Purchase Option...................................55
SECTION 20. Security for Lessor's Obligation to Holders of Secured
Certificates...............................................55
SECTION 21. Lessor's Right to Perform for Lessee..........................56
SECTION 22. Investment of Security Funds; Liability of Lessor Limited.....56
(a) Investment of Security Funds..............................56
(b) Liability of Lessor Limited...............................57
-ii-
{PAGE}
Page
----
SECTION 23. Service of Process............................................57
SECTION 24. Miscellaneous.................................................57
SECTION 25. Successor Trustee.............................................58
SECTION 26. Covenant of Quiet Enjoyment...................................58
-iii-
{PAGE}
EXHIBITS
EXHIBIT A - Form of Lease Supplement
EXHIBIT B - Basic Rent, Lessor's Cost and Special Purchase Price Schedule
EXHIBIT C - Stipulated Loss Value Schedule
EXHIBIT D - Termination Value Schedule
EXHIBIT E - Rent Recalculation Verification
EXHIBIT F - Schedule of Domiciles of Permitted Sublessees
EXHIBIT G - Return Conditions
EXHIBIT H - Return Conditions (EBT)
-iv-
{PAGE}
LEASE AGREEMENT
[NW ____ _]
This LEASE AGREEMENT [NW ____ _], dated as of [___________], between
FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity,
except as expressly provided herein, but solely as Owner Trustee under the Trust
Agreement (as defined in Section 1 hereof) (in such capacity, "Lessor"), and
NORTHWEST AIRLINES, INC., a corporation organized and existing pursuant to the
laws of the State of Minnesota ("Lessee");
W I T N E S S E T H:
SECTION 1. Definitions. Unless the context otherwise requires, the
following terms shall have the following meanings for all purposes of this Lease
Agreement [NW ____ _] and shall be equally applicable to both the singular and
the plural forms of the terms herein defined:
"Affiliate" means, with respect to any person, any other
person directly or indirectly controlling, controlled by or under
common control with such person. For the purposes of this
definition, "control" (including "controlled by" and "under common
control with") shall mean the power, directly or indirectly, to
direct or cause the direction of the management and policies of such
person whether through the ownership of voting securities or by
contract or otherwise.
"Aircraft" means the Airframe to be delivered and leased
hereunder (or any airframe from time to time substituted for such
Airframe pursuant to Section 10(a) hereof) together with the four
Engines initially leased hereunder (or any engine substituted for
any of such Engines pursuant to the terms hereof), whether or not
any of such initial or substituted Engines may from time to time be
installed on such initial or substituted Airframe or may be
installed on any other airframe or on any other aircraft.
"Airframe" means: (i) the British Aerospace Avro 146-RJ85A
aircraft (except Engines or engines from time to time installed
thereon) specified in the initial Lease Supplement, which aircraft
shall be leased by Lessor to Lessee hereunder and under such Lease
Supplement, and any aircraft (except Engines or engines from time to
time installed thereon) which may from time to time be substituted
for such aircraft (except Engines or engines from time to time
installed thereon) pursuant to clause (ii) of the first paragraph of
Section 10(a); and (ii) any and all Parts (A) so long as the same
shall be incorporated or installed in or attached to such aircraft
(except Engines or engines from time to time installed thereon), or
(B) so long as title thereto shall remain vested in Lessor in
accordance with the terms of Section 8 after removal from such
aircraft (except Engines or engines from time to time installed
thereon); provided, however, that at such time as an aircraft
(except Engines or engines from time to time installed thereon)
shall be deemed part of the property leased hereunder in
substitution for
112724
|
Citibank
As referenced in this Lease Agreement [Form]:
Citibank, N.A. – as
amended, or any subsequent legislation that amends, supplements or
supersedes such provisions.
"Base Rate" means the rate of interest announced publicly by
Citibank, N.A. in New York, New York from time to time as its base
rate.
"Basic Rent" means, for the Basic Term, the rent
_____________
dt 145764
;
Northwest
As referenced in this Lease Agreement [Form]:
Northwest Airlines Corp – similar program.
"Class G Trustee" means the Pass Through Trustee under the
Pass Through Trust Agreement, dated as of June 3, 1999, among
Northwest Airlines Corp oration, Northwest Airlines, Inc., and State
Street Bank and Trust Company of Connecticut, National Association,
as supplemented by Trust Supplement No. 1999-3G,
_____________
Northwest Airlines
Corp – Company of Connecticut, National Association,
as supplemented by Trust Supplement No. 1999-3G, dated as of
December 9, 1999 among Northwest Airlines, Inc., Northwest Airlines
Corp oration and State Street Bank and Trust Company of Connecticut,
National Association.
"Code" means the Internal Revenue Code of 1986, as amended.
"Commitment"
_____________
Northwest Airlines Corp – by the Guarantor, as such Guarantee may be
amended or supplemented from time to time pursuant to the applicable
provisions thereof.
"Guarantor" means Northwest Airlines Corp oration, a Delaware
corporation.
"Half-Life Adjustment" has the meaning specified in Exhibit H
hereto.
"Indemnitee" means (i) the Owner Trustee, in its
_____________
dt 92087
;
Citibank
As referenced in this Lease Agreement [Form]:
Citibank, N.A. – as
amended, or any subsequent legislation that amends, supplements or
supersedes such provisions.
"Base Rate" means the rate of interest announced publicly by
Citibank, N.A. in New York, New York from time to time as its base
rate.
"Basic Rent" means, for the Basic Term, the rent
_____________
dt 145764
;
|
Morgan Stanley
As referenced in this Lease Agreement [Form]:
Morgan Stanley Dean Witter – modified,
amended or supplemented in accordance with the terms thereof, but
only insofar as the foregoing relates to the Aircraft.
"Morgan Stanley" means Morgan Stanley Dean Witter & Co. in its
capacity as guarantor of the Liquidity Provider.
-9-
{PAGE}
["Mortgage" means that certain Mortgage and Security Agreement
(N[__]),
_____________
dt 126357
;
 Cadwalader
As referenced in this Lease Agreement [Form]:
Cadwalader, – Participant and Lessee;
(8) the reasonable fees, expenses and disbursements of
Simpson Thacher & Bartlett and Cadwalader, Wickersham & Taft,
special counsel for Lessee;
(9) the costs of filing and recording documents
Cadwalader, – Sublessee), evidencing such transfer, (6) furnish
Lessor with an opinion of counsel (which shall be Cadwalader, Wickersham & Taft
and, if not, other counsel chosen by Lessee and reasonably acceptable to
dt 34506
;
More... |
| Preview
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| 1999 |
Aircraft Lease Extension and Amendment Agreement
Aircraft Lease Extension and Amendment Agreement (22K)
Doc #112731: Click preview link for longer preview.
AIRCRAFT LEASE EXTENSION AND AMENDMENT AGREEMENT
Dated as of October 1, 1999
between
AIRPLANES HOLDINGS LIMITED
(formerly known as GPA II Limited)
as Lessor
and
FRONTIER AIRLINES, INC.
as Lessee
in respect of
Aircraft Lease Agreement dated as
of October 20, 1995 relating to Boeing 737-301
aircraft bearing manufacturer's serial number 23177
(Portions of this exhibit have been excluded from the publicly available
document and an application for an order granting confidential treatment of the
excluded material has been made. These items are maked with (*).)
THIS AGREEMENT is made as of October 1, 1999 BETWEEN:
AIRPLANES HOLDINGS LIMITED (formerly known as GPA II Limited), a company
incorporated under the laws of Ireland whose registered office is at Aviation
House, Shannon, County Clare, Ireland ("Lessor"); and
FRONTIER AIRLINES, INC., a company incorporated under the laws of the State of
Colorado whose headquarters are at 12015 East 46th Avenue, Denver, Colorado
80239, U.S.A. ("Lessee").
WHEREAS:
(A) By an Aircraft Lease Agreement dated as of October 20, 1995 (the
"Lease"), Lessor leased to Lessee and Lessee took on lease one Boeing
737-301 aircraft with manufacturer's serial number 23177 (the
"Aircraft") on the terms and subject to the conditions contained
therein.
(B) Lessor and Lessee wish to enter into this Agreement for the purpose of
extending the term of the Lease and making certain further amendments
to the Lease.
IT IS AGREED as follows:
1. INTERPRETATION
1.1 Definitions: Capitalised terms used herein but not defined shall have
the respective meanings ascribed to such terms in the Lease. In this
Agreement "Extended Lease" means the Lease as amended by this
Agreement.
1.2 Construction: The provisions of Clause 1.2 (Construction) of the Lease
shall apply to this Agreement as if the same were set out in full
herein.
112731
|
Frontier
As referenced in this Aircraft Lease Extension and Amendment Agreement:
FRONTIER AIRLINES, – EXTENSION AND AMENDMENT AGREEMENT
Dated as of October 1, 1999
between
AIRPLANES HOLDINGS LIMITED
(formerly known as GPA II Limited)
as Lessor
and
FRONTIER AIRLINES, INC.
as Lessee
in respect of
Aircraft Lease Agreement dated as
of October 20, 1995 relating to Boeing 737-301
aircraft bearing
_____________
FRONTIER AIRLINES, – II Limited), a company
incorporated under the laws of Ireland whose registered office is at Aviation
House, Shannon, County Clare, Ireland ("Lessor"); and
FRONTIER AIRLINES, INC., a company incorporated under the laws of the State of
Colorado whose headquarters are at 12015 East 46th Avenue, Denver, Colorado
_____________
FRONTIER AIRLINES, – behalf of
AIRPLANES HOLDINGS LIMITED
(formerly known as GPA II Limited)
By: __________________
Name: __________________
Title: __________________
Signed for and on behalf of FRONTIER AIRLINES, INC.
By: __________________
Name: __________________
Title: __________________
{PAGE}
SCHEDULE 1
FORM OF LEGAL OPINION
[TO BE CONFORMED TO FORM PROVIDED AT ORIGINAL
_____________
dt 92011
;
| Airplanes Holdings Limited
|
| Preview
Full Doc
| 1999 |
Aircraft Lease Extension and Amendment Agreement
Aircraft Lease Extension and Amendment Agreement (21K)
Doc #112732: Click preview link for longer preview.
AIRCRAFT LEASE EXTENSION AND AMENDMENT AGREEMENT
Dated as of October 1, 1999
between
GENERAL ELECTRIC CAPITAL CORPORATION
as Lessor
and
FRONTIER AIRLINES, INC.
as Lessee
in respect of
Aircraft Lease Agreement dated as
of October 20, 1995 relating to Boeing 737-301
aircraft bearing manufacturer's serial number 23257
THIS AGREEMENT is made as of October 1, 1999 BETWEEN:
GENERAL ELECTRIC CAPITAL CORPORATION, a company incorporated under the laws of
New York whose headquarters are at 260 Long Ridge Road, Stamford Connecticut
06927, U.S.A. ("Lessor"); and
FRONTIER AIRLINES, INC., a company incorporated under the laws of the State of
Colorado whose headquarters are at 12015 East 46th Avenue, Denver, Colorado
80239, U.S.A. ("Lessee").
WHEREAS:
(A) By an Aircraft Lease Agreement dated as of October 20, 1995, as amended
and supplemented by a Lease Supplement No.1 dated October 24, 1995,
recorded by the FAA on December 20, 1995 as Conveyance No. SS004071
(the "Lease") Lessor leased to Lessee and Lessee took on lease one
Boeing 737-301 aircraft with manufacturer's serial number 23257 (the
"Aircraft") on the terms and subject to the conditions contained
therein.
(B) Lessor and Lessee wish to enter into this Agreement for the purpose of
extending the term of the Lease and making certain further amendments
to the Lease.
IT IS AGREED as follows:
1. INTERPRETATION
1.1 Definitions: Capitalised terms used herein but not defined shall have
the respective meanings ascribed to such terms in the Lease. In this
Agreement "Extended Lease" means the Lease as amended by this
Agreement.
1.2 Construction: The provisions of Clause 1.2 (Construction) of the Lease
shall apply to this Agreement as if the same were set out in full
herein.
2. REPRESENTATIONS AND WARRANTIES
Lessee hereby repeats the representations and warranties in Clause 2.1
of the Lease as if made with reference to the facts and circumstances
existing as at the date hereof and as if the references in such
representations and warranties to "this Agreement" referred to the
112732
|
Frontier
As referenced in this Aircraft Lease Extension and Amendment Agreement:
FRONTIER AIRLINES, – AIRCRAFT LEASE EXTENSION
AIRCRAFT LEASE EXTENSION AND AMENDMENT AGREEMENT
Dated as of October 1, 1999
between
GENERAL ELECTRIC CAPITAL CORPORATION
as Lessor
and
FRONTIER AIRLINES, INC.
as Lessee
in respect of
Aircraft Lease Agreement dated as
of October 20, 1995 relating to Boeing 737-301
aircraft bearing
_____________
FRONTIER AIRLINES, – incorporated under the laws of
New York whose headquarters are at 260 Long Ridge Road, Stamford Connecticut
06927, U.S.A. ("Lessor"); and
FRONTIER AIRLINES, INC., a company incorporated under the laws of the State of
Colorado whose headquarters are at 12015 East 46th Avenue, Denver, Colorado
_____________
FRONTIER AIRLINES, – written.
Signed for and on behalf of
GENERAL ELECTRIC CAPITAL CORPORATION
By: __________________
Name: __________________
Title: __________________
Signed for and on behalf of FRONTIER AIRLINES, INC.
By: __________________
Name: __________________
Title: __________________
{PAGE}
SCHEDULE 1
FORM OF LEGAL OPINION
[TO BE CONFORMED TO FORM PROVIDED AT ORIGINAL
_____________
dt 92012
;
|
GE Capital
As referenced in this Aircraft Lease Extension and Amendment Agreement:
GENERAL ELECTRIC CAPITAL CORP – Exhibit-10.11(A)
{SEQUENCE}5
{DESCRIPTION}AIRCRAFT LEASE EXTENSION
AIRCRAFT LEASE EXTENSION AND AMENDMENT AGREEMENT
Dated as of October 1, 1999
between
GENERAL ELECTRIC CAPITAL CORP ORATION
as Lessor
and
FRONTIER AIRLINES, INC.
as Lessee
in respect of
Aircraft Lease Agreement dated as
of October 20, 1995 relating to
_____________
GENERAL ELECTRIC CAPITAL CORP – 1995 relating to Boeing 737-301
aircraft bearing manufacturer's serial number 23257
THIS AGREEMENT is made as of October 1, 1999 BETWEEN:
GENERAL ELECTRIC CAPITAL CORP ORATION, a company incorporated under the laws of
New York whose headquarters are at 260 Long Ridge Road, Stamford Connecticut
06927, U.S.
_____________
GENERAL ELECTRIC CAPITAL CORP – IN WITNESS WHEREOF the parties hereto have executed this Agreement the day and
year first above written.
Signed for and on behalf of
GENERAL ELECTRIC CAPITAL CORP ORATION
By: __________________
Name: __________________
Title: __________________
Signed for and on behalf of FRONTIER AIRLINES, INC.
By: __________________
Name: __________________
Title: __________________
{PAGE}
_____________
General Electric Capital Corp – Name: __________________
Title: __________________
{PAGE}
SCHEDULE 1
FORM OF LEGAL OPINION
[TO BE CONFORMED TO FORM PROVIDED AT ORIGINAL DELIVERY, UPDATED AS NECESSARY]
General Electric Capital Corp oration
c/o GE Capital Aviation Services, Inc.
201 High Ridge Road,
Stamford CT 06927-4900,
U.S.A.
[Date]
Dear Sirs,
1.
_____________
dt 100974
|
| Preview
Full Doc
| 1999 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (331K)
Doc #112733: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
between
INDIGO AVIATION AB (publ)
as Sublessor
and
FRONTIER AIRLINES, INC.
as Sublessee
Dated as of October 11th, 1999
Aircraft Make and Model: One Boeing 737-3L9
Aircraft Manufacturer's Serial Number: 26442
Aircraft Registration Mark: N313FL
Engines Make and Model: CFM International CFM56-3B2
Engine Serial Numbers: 856183 and 857192
To the extent, if any, that this Agreement constitutes chattel paper under the
Uniform Commercial Code in any jurisdiction, no security interest in this
Agreement may be created through the transfer and possession of any counterpart
other than the original counterparts of this Agreement, so identified by the
signature of Lender on the receipt set forth on the signature page of such
original counterpart.
(Portions of this exhibit have been excluded from the publicly available
document and an application for an order granting confidential treatment of the
excluded material has been made. These items are maked with (*).)
{PAGE}
TABLE OF CONTENTS
1. DEFINITIONS; CONSTRUCTION.............................................1
1.1 Definitions..................................................1
1.2 Construction................................................10
2. REPRESENTATIONS AND WARRANTIES.......................................12
2.1 Sublessee's Representations and Warranties..................12
2.2 Sublessor's Representations and Warranties..................14
2.3 Survival of Representations and Warranties..................15
3. CONDITIONS PRECEDENT.................................................16
3.1 Sublessor's Conditions Precedent............................16
3.2 Waiver......................................................17
3.3 Sublessee's Conditions Precedent............................17
3.4 Waiver......................................................18
4. DELIVERY CONDITION AND INSPECTION OF AIRCRAFT........................18
4.1 Sublessee Selection of Aircraft.............................18
4.2 Condition at Delivery.......................................18
4.3 Sublessee Inspection and Acceptance Flight..................18
4.4 Delivery of Aircraft to Sublessee...........................18
4.5 Sublessee's Failure to take Delivery........................19
5. SUBLEASE TERM........................................................19
5.1 Sublease Term...............................................19
5.2 Expiry Date.................................................19
5.3 Survival of Certain Sublessee Obligations...................20
5.4 Risk........................................................20
6. DELIVERY 20
6.1 Location and Time of Delivery...............................20
6.2 Delay or Failure in Delivery................................20
7. RENT 21
7.1 Basic Rent Period...........................................21
7.2 Time of Payment of Basic Rent...............................21
7.3 Amount of Basic Rent........................................21
7.4 Maintenance Reserves........................................21
7.5 Supplemental Rent for Excess Cycles.........................22
8. SECURITY DEPOSIT.....................................................22
8.1 Security Deposit............................................22
8.2 Letter of Credit............................................22
8.3 Sublessor's Rights..........................................22
9. MAINTENANCE RESERVES.................................................23
9.1 Amount......................................................23
9.2 Payments....................................................23
9.3 Adjustment..................................................23
9.4 Release of Maintenance Reserves.............................23
9.5 Costs in Excess of Maintenance Reserves.....................24
9.6 Reimbursement after ExpiryDate..............................25
10. PAYMENTS 25
10.1 Account for Sublessee Payments..............................25
10.2 Default Interest............................................25
10.3 Absolute Obligations........................................26
10.4 Application of Payments to Sublessor........................26
10.5 Currency Indemnity..........................................26
10.6 Set-Off.....................................................27
10.7 Time for Payments...........................................27
11. SUBLESSOR'S COVENANTS................................................27
11.1 Quiet Enjoyment.............................................27
11.2 Sublessor Obligations Following Expiry Date.................27
12. SUBLESSEE'S COVENANTS................................................28
12.1 Duration....................................................28
12.2 Information.................................................28
12.3 Sublessor Visits............................................30
12.4 Periodic Estoppel Certificates..............................30
12.5 Airport and Navigation Charges..............................30
12.6 Operation of Aircraft.......................................31
12.7 Areas of Operation..........................................31
12.8 Non-Prejudicial Action......................................31
12.9 Non-Representation of Sublessor.............................32
12.10 Inspection..................................................32
12.11 Registration................................................32
12.12 Name Plates.................................................33
12.13 Geneva Convention...........................................33
12.14 Merger and Shareholding.....................................33
12.15 Ownership...................................................34
12.16 Maintenance of Principal Business Place.....................34
12.17 Maintenance of Flight Records...............................34
13. POSSESSION...........................................................35
13.1 No Relinquishment of Possession.............................35
13.2 Copy of Sublease............................................37
13.3 Sublessee Primarily Liable..................................37
13.4 Recognition of Rights.......................................38
14. SECURITY INTERESTS...................................................38
14.1 Title.......................................................38
14.2 No Security Interests.......................................38
14.3 Base of Aircraft............................................38
14.4 Notice to Sublessor.........................................38
14.5 Procure Release.............................................39
15. MAINTENANCE AND REPAIR...............................................39
15.1 General Obligations.........................................39
15.2 Specific Obligations........................................40
16. REPLACEMENT OF PARTS.................................................41
16.1 Replacement of Parts........................................41
16.2 Title to Replacement Parts..................................41
16.3 Pooling of Parts............................................42
16.4 Alterations.................................................42
16.5 Removal of Parts............................................43
16.6 Substitution of Engine......................................43
16.7 Temporary Removal of parts..................................44
16.8 Parts Incapable of Transfer.................................45
17. MANUFACTURER'S WARRANTIES............................................45
17.1 Authorization...............................................45
17.2 Proceeds....................................................45
17.3 Agreements with Manufacturers...............................46
17.4 No Operation Contrary to Warranties.........................46
18. DISCLAIMERS..........................................................46
18.1 General.....................................................46
18.2 AS IS, WHERE IS.............................................47
18.3 Waiver of Warranty of Description...........................47
18.4 No Liability Under UCC......................................48
18.5 Sublessee Acknowledgment....................................48
18.6 Sublessee Waiver............................................48
18.7 Sublessee Examination of Aircraft...........................48
18.8 No Sublessor Liability for Losses...........................48
18.9 Exclusion...................................................49
18.10 Waiver......................................................49
18.11 No Waiver...................................................49
18.12 Confirmation................................................49
19. INDEMNITIES..........................................................50
19.1 General Indemnity...........................................50
19.2 Exception to General Indemnity..............................50
19.3 Time of Payment.............................................51
19.4 Survival of General Indemnity...............................51
19.5 Notice to Sublessee.........................................51
20. TAXATION 51
20.1 Gross-up....................................................51
20.2 Tax Indemnity...............................................52
20.3 Value Added Taxes...........................................53
20.4 Taxation of Indemnity Payments..............................53
20.5 Benefit of Indemnities......................................53
20.6 Sublessor Indemnification...................................53
20.7 Survival of Tax Indemnities.................................54
20.8 Mitigation and Co-operation.................................54
20.9 Furnishing Forms............................................54
21. INSURANCE............................................................54
21.1 Insurances..................................................54
21.2 Reinsurance.................................................55
21.3 Requirements................................................55
21.4 Insurance Covenants.........................................55
21.5 Renewal of Insurances.......................................56
21.6 Failure to Insure...........................................57
21.7 Continuation of Insurances..................................57
21.8 Application of Insurance Proceeds...........................58
21.9 Pursuit of Claims...........................................58
22. TOTAL LOSS AND REQUISITION...........................................58
22.1 Total Loss Prior to Delivery................................58
22.2 Total Loss After Delivery...................................58
22.3 Total Loss of Engines.......................................59
22.4 Requisition.................................................60
23. REDELIVERY...........................................................61
23.1 Redelivery of Aircraft......................................61
23.2 Final Inspection............................................61
23.3 Discrepancies...............................................62
23.4 Non-compliance..............................................62
23.5 Acknowledgment..............................................63
23.6 Storage.....................................................63
24. EVENTS OF DEFAULT....................................................63
24.1 Notice......................................................63
24.2 Events......................................................63
24.3 Sublessor's Rights..........................................66
24.4 Default Payments............................................67
24.5 Cumulative Rights...........................................68
25. ASSIGNMENT AND TRANSFER..............................................68
25.1 By Sublessee................................................68
25.2 By Sublessor................................................68
25.3 Assignment to Lender........................................69
25.4 Sublessee Co-operation......................................69
25.5 Sublessor Includes Sublessor's Assignee and Lender..........69
26. MISCELLANEOUS PROVISIONS.............................................70
26.1 Rights Cumulative, Waivers..................................70
26.2 Delegation..................................................70
26.3 Expenses....................................................70
26.4 Time of Essence.............................................71
26.5 Entire Agreement............................................71
26.6 Further Assurances..........................................71
26.7 Language....................................................71
26.8 Variation...................................................71
26.9 Invalidity of Any Provision.................................71
26.10 Survival....................................................71
26.11 Reimbursement...............................................72
26.12 P |