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 | 2006 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (23K)
Doc #1235122: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
THIS AIRCRAFT SUBLEASE AGREEMENT, made and entered into as of the 13th day of February 2006, by and between CORPORATE AIR, LLC, a Pennsylvania limited liability company with its principal offices at 15 Allegheny County Airport, West Mifflin, Pennsylvania 15122 (hereinafter referred to as ?Corporate Air?)
1235122
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| 2004 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (81K)
Doc #1094594: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
THIS AIRCRAFT SUBLEASE AGREEMENT (the "Sublease or Agreement") is dated as
of this 24th day of August 2004, by and between Terayon Communication Systems,
Inc., a Delaware corporation ("Sublessor") and United Furniture Equipment
Rental, Inc., an Ohio corporation ("Sublessee").
RECITALS
WHEREAS, Sublessor has leased that certain Canadair Challenger 604
aircraft, United States Registration Number N881TW; Manufacturer's Serial No.
5348, together with two (2) . . .
1094594
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SVB
As referenced in this Aircraft Sublease Agreement:
Silicon Valley Bank
– immediately preceding the date of delivery
2.
of the Aircraft to Sublessee, as evidenced on the Certificate of Acceptance.
The instructions for wire transfers to Sublessor are as follows:
Silicon Valley Bank
3003 Tasman Drive
Santa Clara, CA 95054
408-654-5539
Routing number:
Swift Code:
For Credit of:
Terayon Communication Systems Inc
4988 Great America Parkway
Santa Clara, CA 95054
_____________
dt 1392135
;
Terayon
As referenced in this Aircraft Sublease Agreement:
Terayon Communication Systems, – 36
EXHIBIT 10.36
AIRCRAFT SUBLEASE AGREEMENT
THIS AIRCRAFT SUBLEASE AGREEMENT (the "Sublease or Agreement") is dated as
of this 24th day of August 2004, by and between Terayon Communication Systems,
Inc., a Delaware corporation ("Sublessor") and United Furniture Equipment
Rental, Inc., an Ohio corporation ("Sublessee").
RECITALS
WHEREAS, Sublessor has leased that certain Canadair Challenger 604
aircraft, United States Registration
_____________
Terayon Communication Systems – The instructions for wire transfers to Sublessor are as follows:
Silicon Valley Bank
3003 Tasman Drive
Santa Clara, CA 95054
408-654-5539
Routing number:
Swift Code:
For Credit of:
Terayon Communication Systems Inc
4988 Great America Parkway
Santa Clara, CA 95054
408-235-5500
Credit Account #:
(c) Notwithstanding anything to the contrary contained in this Sublease,
except as provided in subparagraph 3(
_____________
Terayon Communication Systems, – other legal remedies as may be available
to the Sublessor.
12.
23. Notices. Any notice to be given under this Sublease shall be addressed
as follows:
To the Sublessor: Terayon Communication Systems, Inc.
4988 Great America Parkway
Santa Clara, CA 95054
Facsimile No.: (408)-235-5858
Confirming No.: (408)-235-5500
Attn: Kristin Stokan
With a Copy To: Groom & Cave, LLP
_____________
Terayon Communication Systems, – IN THE AIRCRAFT AT ALL TIMES DURING THE TERM
HEREOF.
IN WITNESS WHEREOF, the parties have executed and delivered this Sublease
Agreement as of the date first written above.
SUBLESSOR:
Terayon Communication Systems, Inc.,
a Delaware corporation,
By: /s/ Dr. Zaki Rakib
----------------------------------
Title: Dr. Zaki Rakib, CEO
SUBLESSEE:
United Furniture Equipment Rental,
Inc. a Ohio corporation,
By:
---------------------------------
Title:
------------------------------
17.
36. Truth-
_____________
Terayon Communication Systems, – IN THE AIRCRAFT AT ALL TIMES DURING THE TERM
HEREOF.
IN WITNESS WHEREOF, the parties have executed and delivered this Sublease
Agreement as of the date first written above.
SUBLESSOR:
Terayon Communication Systems, Inc.,
a Delaware corporation,
By:
---------------------------------
Title:
------------------------------
SUBLESSEE:
United Furniture Equipment Rental,
Inc. a Ohio Corporation
By: /s/ [ILLEGIBLE]
---------------------------------
Title:
------------------------------
EXHIBIT "A"
MISCELLANOUS AND OPTIONAL EQUIPMENT
Challenger 604, Serial
_____________
dt 1444285
;
|
 Powell Goldstein
As referenced in this Aircraft Sublease Agreement:
Powell, Goldstein – Groom, Esq.
To the Sublessee: United Furniture Equipment Rental, Inc.
2950 E. Broad Street
Columbus, Ohio 43209
Facsimile No.:
Confirming No.:
Email
Attn: David Belford, President
With a Copy To: Powell, Goldstein , Frazer & Murphy LLP
191 Peachtree Street, N.E.
Sixteenth Floor
Atlanta, Georgia 30303
Facsimile No.: (404)572-6999
Confirming No.: (404)572-6600
Attn: Amy L. Blackburn, Esq.
or
_____________
dt 1507648
|
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| 2002 |
Aircraft Sublease Agreement (Lear Jet)
Aircraft Sublease Agreement (Lear Jet) (20K)
Doc #117433: Click preview link for longer preview.
LEAR JET AIRCRAFT SUBLEASE AGREEMENT
THIS LEAR JET AIRCRAFT SUBLEASE AGREEMENT (the "Sublease") is made
and entered into as of the 24th day of December 2001, by and between American
Trans Air ExecuJet, Inc., an Indiana corporation whose mailing address is P.O.
Box 51609, Indianapolis, Indiana 46251 (hereinafter referred to as
"Sublessor"), and American Trans Air, Inc., an Indiana corporation with its
office at 7337 West Washington Street, Indianapolis, Indiana 46231
(hereinafter referred to as "Sublessee").
WITNESSETH:
WHEREAS, Sublessor desires to sublease to Sublessee a Lear Jet Model
35, Serial No. 436, with current Registration No. N100AT (the "Aircraft"), and
all logs and records pertaining thereto; and
WHEREAS, Sublessee desires to sublease the Aircraft from Sublessor.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto do hereby agree as follows:
1. TERM. Sublessor hereby subleases the Aircraft to the Sublessee
and said Sublease shall commence on the 24th day of December 2001, and shall
continue through the 23rd day of December 2003, unless sooner terminated or
extended as herein provided.
2. RENTAL AND OTHER CHARGES.
A. The Sublessee agrees to pay for the full term of this Sublease a
rental in the sum of Seventy-One Thousand Dollars ($71,000.00) per month in
advance. Said rental shall be paid on or before the first business day of each
calendar month to Sublessor at the above-stated address, or as otherwise
directed by Sublessor.
B. In addition to the monthly payments set forth above, Sublessee
shall pay Sublessor $400 per hour for each block hour flown on the Aircraft.
Such payments shall be made by Sublessee by the tenth (10th) day of each month
during the Term hereof.
3. TERMINATION. Upon termination of this Sublease, Sublessee shall
return the Aircraft to Sublessor at Indianapolis, Indiana, or at some other
point to be mutually agreed. Upon such return, the Aircraft shall be in the
same condition (i.e., for the right engine (Serial No. 89207), 1,046 hours
remaining until hot section and 3,568 hours remaining until overhaul; for the
left engine (Serial No. 89209), 1,263 hours remaining until hot section and
802 hours remaining until overhaul) as when delivered to Sublessee and
equipped with the same or better equipment, except for reasonable wear and
tear for ordinary use, subject to the provisions herein; provided, however,
that reasonable wear and tear should not include the lowering of the number of
engine and component hours available. If, however, the number of engine and
component hours available until the next major overhaul at the time of
redelivery of the Aircraft by Sublessee to Sublessor is less than 4,370 hours
in the aggregate, and/or the number of engine hours available until the next
hot section at the time of redelivery is less than 2,309, Sublessee shall
reimburse the Sublessor for the difference at the industry standard hourly
rate.
117433
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ATA
As referenced in this Aircraft Sublease Agreement (Lear Jet):
ATA HOLDINGS CORP –
ATA HOLDINGS CORP
_____________
dt 1854645
;
American Trans Air Execujet, Inc.;
| American Trans Air, Inc.
|
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| 2002 |
Aircraft Sublease Agreement (Cessna Citation)
Aircraft Sublease Agreement (Cessna Citation) (19K)
Doc #117435: Click preview link for longer preview.
CESSNA CITATION AIRCRAFT SUBLEASE AGREEMENT
THIS CESSNA CITATION AIRCRAFT SUBLEASE AGREEMENT (the "Sublease") is
made and entered into as of the 25th day of July 2001, by and between American
Trans Air, ExecuJet, Inc., an Indiana corporation whose mailing address is
P.O. Box 51609, Indianapolis, Indiana 46251 (hereinafter referred to as
"Sublessor"), and American Trans Air, Inc., an Indiana corporation with its
office at 7337 West Washington Street, Indianapolis, Indiana 46231
(hereinafter referred to as "Sublessee").
WITNESSETH:
WHEREAS, Sublessor desires to sublease to Sublessee a certain 1988
Cessna Citation II, Serial No. 551-0591, Registration No. N1AT, including two
(2) engines and other appliances, communications equipment, accessories,
instruments, parts and other items of equipment installed therein and all logs
and records pertaining thereto (the "Aircraft"); and
WHEREAS, Sublessee desires to sublease the Aircraft from Sublessor.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto do hereby agree as follows:
1. TERM. Sublessor hereby subleases the Aircraft to the Sublessee
commencing on July 25, 2001, and said Sublease shall continue through the 24th
day of July 2004, unless sooner terminated or extended as herein provided.
2. RENTAL AND OTHER CHARGES.
A. The Sublessee agrees to pay for the full term of this Sublease a
rental in the sum of Fifty Thousand Dollars ($50,000.00) per month in
advance. Said rental shall be paid on or before the first business day of
each calendar month to Sublessor at the above-stated address, or as
otherwise directed by Sublessor.
B. In addition to the monthly payments set forth above, Sublessee
shall pay Sublessor $325 per hour for each block hour flown on the
Aircraft. Such payments shall be made by Sublessee by the tenth (10th)
day of each month during the Term hereof.
3. TERMINATION. Upon termination of this Sublease, Sublessee shall
return the Aircraft to Sublessor at Indianapolis, Indiana, or at some other
point to be mutually agreed. Upon such return, the Aircraft shall be in the
same condition (i.e., for the right engine (Serial No. 71514), 1,180 hours
remaining until hot section and 2,728 hours remaining until overhaul; for the
left engine (Serial No. 71510), 1,180 hours remaining until hot section and
2,788 hours remaining until overhaul) as when delivered to Sublessee and
equipped with the same or better equipment, except for reasonable wear and
tear for ordinary use, subject to the provisions herein; provided, however,
that reasonable wear and tear should not include the lowering of the number of
engine and component hours available. If, however, the number of engine and
component hours available until the next major overhaul at the time of
redelivery of the Aircraft by Sublessee to Sublessor is less than 5,456 hours
in the aggregate, and/or the number of engine hours available until the next
hot section at the time of redelivery is less than 2,360, Sublessee shall
reimburse the Sublessor for the difference at the industry standard hourly
rate.
117435
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ATA
As referenced in this Aircraft Sublease Agreement (Cessna Citation):
ATA HOLDINGS CORP –
ATA HOLDINGS CORP
_____________
dt 1854646
;
 National City
As referenced in this Aircraft Sublease Agreement (Cessna Citation):
National City Bank, – any extensions thereof, carry and maintain insurance with such
insurers and brokers as shall be satisfactory to Sublessor; and the Sublessor,
Sublessee and National City Bank, or any other lending institution designated
by Sublessor, shall be named as loss payees as their interests may appear in
the following
_____________
National City Bank – including coverage for fire, theft and
weather damage) for not less than Five Hundred Thousand Dollars
($500,000.00), with Sublessor, Sublessee and National City Bank to be
jointly listed as loss payees, as their interests may appear.
3
{PAGE}
C. Sublessee shall provide Sublessor with proof of the
_____________
dt 103520
;
| American Trans Air, Execujet, Inc.;
American Trans Air, Inc.
|
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| 2002 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (14K)
Doc #117442: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
THIS AIRCRAFT SUBLEASE AGREEMENT (the "Sublease") is made and
entered into as of the 11th day of December 1998, by and between American
Trans Air ExecuJet, Inc., an Indiana corporation with its office at 7337 West
Washington Street, Indianapolis, Indiana 46231 (hereinafter referred to as
"Sublessor") and American Trans Air, Inc., an Indiana corporation with its
office at 7337 West Washington Street, Indianapolis, Indiana 46231
(hereinafter referred to as "Sublessee").
Witnesseth:
WHEREAS, Sublessor desires to lease to Sublessee a certain 1992
Beech A36 Bonanza, Serial No. E-2728, Registration No. 8072D, including the
engine and other appliances, communications equipment, accessories,
instruments, parts and other items of equipment installed therein and all logs
and records pertaining thereto (the "Aircraft"); and
WHEREAS, Sublessee desires to lease the Aircraft from Sublessor on a
non-exclusive, when and as-available basis.
Agreement
NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto do hereby agree as follows:
1. Lease. Sublessor hereby subleases the Aircraft to Sublessee, on a
non-exclusive, when and as-available basis. Sublessor agrees to make the
Aircraft available to Sublessee when the Aircraft is not being utilized by
Sublessor.
2. Term. The term of the Lease of the Aircraft shall commence on the
11th day of December 1998, and shall continue through and including December
10, 2000.
3. Rental and Other Charges. The Sublessee agrees to pay rent for
the above-described Aircraft as follows:
117442
|
ATA
As referenced in this Aircraft Sublease Agreement:
ATA HOLDINGS CORP –
ATA HOLDINGS CORP
_____________
dt 1854653
;
American Trans Air Execujet, Inc.;
| American Trans Air, Inc.
|
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| 2002 |
Sublease Agreement [Form]
Sublease Agreement [Form] (272K)
Doc #132972: Click preview link for longer preview.
SUBLEASE AGREEMENT
[NW 200 ]
This SUBLEASE AGREEMENT [NW 200 ], dated as of , 200 , between NORTHWEST AIRLINES, INC., a corporation organized and existing pursuant to the laws of the State of Minnesota (Sublessor), and PINNACLE AIRLINES, INC., a corporation organized and existing pursuant to the laws of the State of Georgia (Sublessee);
W I T N E S S E T H:
WHEREAS, Sublessor has agreed to sublease the Aircraft to Sublessee, Sublessee has agreed to enter into this Sublease for use by Sublessee in its operations in accordance with the Airline Services Agreement and for no other purpose, and the parties hereto intend this Sublease to be an operating lease; and
WHEREAS, Sublessor is providing a valuable financial accommodation to Sublessee by making the Aircraft available to Sublessee pursuant to this Sublease Agreement, and Sublessor is entering into this Sublease solely to provide the Aircraft to Sublessee for use in its operations in accordance with the Airline Services Agreement; and
NOW, THEREFORE, in consideration of the mutual agreements contained herein and for other good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, Sublessee and Sublessor intending to be legally bound agree as follows:
SECTION 1. Definitions. Unless the context otherwise requires, the following terms shall have the following meanings for all purposes of this Sublease Agreement [NW 200 ] and shall be equally applicable to both the singular and the plural forms of the terms herein defined:
Acceptance Certificate has the meaning specified in the Participation Agreement.
Additional Insured has the meaning specified in the Head Lease.
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. For the avoidance of doubt, Sublessor and its Affiliates are not Affiliates of Sublessee.
132972
|
Citibank
As referenced in this Sublease Agreement [Form]:
Citibank, N.A. – accordance with Section 3.02(a)(iv) of the Airline Services Agreement.
2
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 Term, the rent payable
_____________
dt 145849
;
Northwest
As referenced in this Sublease Agreement [Form]:
Northwest Airlines Corp – time when the wheels of such airframe touch the ground on landing.
Guarantee has the meaning specified in the Head Lease.
Guarantor means Northwest Airlines Corp oration, a Delaware corporation.
Head Lease means the Lease Agreement [NW 200 ], dated as of , 200 , between Head Lessor and Sublessor, as lessee
_____________
dt 92080
;
|
Pinnacle
As referenced in this Sublease Agreement [Form]:
Pinnacle Airlines Corp – Services Agreement.
11
agreed to by Sublessor and Sublessee (herein called the Sublease Acceptance Certificate) and the Airline Services Agreement.
Sublessee Guarantor means Pinnacle Airlines Corp ., a Delaware corporation, and its successors and permitted assigns.
Sublessor Liens means any Lien affecting or disposition of title or interest affecting
_____________
Pinnacle Airlines Corp – obligations hereunder and as provided in Section 28 hereof. At any time after the repayment in full of the Promissory Note owing from Pinnacle Airlines Corp . to NWA, Inc., dated as of [date], Sublessor shall have the right, upon written notice to Sublessee, to require an additional deposit
_____________
PINNACLE AIRLINES CORP – year first above written.
NORTHWEST AIRLINES, INC.,
Sublessor
By:
Name:
Title:
PINNACLE AIRLINES, INC.,
Sublessee
By:
Name:
Title:
Agreed this day of , 200 :
PINNACLE AIRLINES CORP .,
Sublessee Guarantor
By:
Name:
Title:
EXHIBIT A
to
Sublease Agreement
[NW 200 ]
SUBLEASE SUPPLEMENT No.
[NW 200 ]
SUBLEASE SUPPLEMENT NO. , dated , 20 ,
_____________
dt 92092
;
Northwest Airlines, Inc.
|
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| 2002 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (14K)
Doc #954391: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
THIS AIRCRAFT SUBLEASE AGREEMENT (the "Sublease") is made and
entered into as of the 11th day of December 1998, by and between American
Trans Air ExecuJet, Inc., an Indiana corporation with its office at 7337 West
Washington Street, Indianapolis, Indiana 46231 (hereinafter referred to as
"Sublessor") and American Trans Air, Inc., an Indiana corporation with its
office at 7337 West Washington Street, Indianapolis, Indiana 46231
(hereinafter referred to as "Sublessee").
. . .
954391
| | |
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| 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.
|
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| 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
| 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 Press Releases..............................................72
26.13 Power of Attorney...........................................72
26.14 Usury Laws..................................................72
26.15 Confidentiality.............................................72
26.16 Counterparts................................................73
26.17 Bankruptcy..................................................73
27. NOTICES 73
28. GOVERNING LAW AND JURISDICTION.......................................74
28.1 New York Law................................................74
28.2 Non-exclusive Jurisdiction in New York......................74
28.3 Service of Process..........................................75
28.4 Prevailing Party in Dispute.................................75
28.5 Waiver......................................................75
SIGNATURE PAGE 76
SCHEDULE 1 - Aircraft Specification...........................................77
SCHEDULE 2 - Certain Business Terms...........................................82
SCHEDULE 3 - Insurance Requirements...........................................85
SCHEDULE 4 - Delivery Conditions..............................................90
SCHEDULE 5 - Acceptance Certificate...........................................93
SCHEDULE 6 - Certificate of Officer of Frontier Airlines, Inc.................96
SCHEDULE 7 - Form of Letter of Authority......................................98
SCHEDULE 8 - Power of Attorney................................................99
SCHEDULE 9 - Form of Opinion of Sublessee Counsel............................100
SCHEDULE 10 - Monthly Aircraft Utilization and Status Report.................105
SCHEDULE 11 - Form of Quiet Enjoyment Letter.................................107
SCHEDULE 12 - Return Conditions..............................................108
SCHEDULE 13 - Return Acceptance Certificate..................................111
SCHEDULE 14 - Sublease Supplement............................................117
{PAGE}
THIS AGREEMENT is made as of October 11th, 1999.
BETWEEN:
(1) INDIGO AVIATION AB (publ), a Swedish limited liability company whose address
and principal place of business is at Sodra Forstadsgatan 4, S-211 43 Malmo,
Sweden, ("Sublessor"); and
(2) FRONTIER AIRLINES, INC., a Colorado corporation whose address and principal
place of business is at 12015 E. 46th Avenue, Denver, Colorado, United States of
America (Sublessee").
WHEREAS
Owner Trustee holds title to the Aircraft for the benefit of Sublessor;
Owner Trustee, as headlessor, leases the Aircraft to Sublessor under the terms
of the Headlease Agreement;
NOW, THEREFORE, in consideration of and subject to the mutual covenants, terms
and conditions contained in this Agreement, and other valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, Sublessor agrees to
sublease to Sublessee and Sublessee agrees to sublease from Sublessor the
Aircraft for the Sublease Term and the parties further agree as follows:
1. DEFINITIONS; CONSTRUCTION
1.1 Definitions
In this Agreement the following words and expressions have the following
meanings unless the context otherwise requires:
Acceptance Certificate means a certificate of acceptance substantially in the
form set out in Schedule 5;
Agreed Value has the meaning ascribed to it in Schedule 2;
Aircraft means the Airframe, the Engines, the Parts and the Aircraft Documents,
collectively. As the context requires, the Aircraft may also mean the Airframe,
any Engine, any Part, the Aircraft Documents or any part thereof, individually;
Aircraft Documents means the documents, data and records referred to in Annexure
1 to Schedule 1 of this Agreement and, at Delivery, more closely identified in
Annexure 1 to the Acceptance Certificate and all additions, renewals, revisions
and replacements from time to time made to any of the foregoing in accordance
with this Agreement;
112733
|
Frontier
As referenced in this Aircraft Sublease Agreement:
FRONTIER AIRLINES, –
Exhibit-10.46
{SEQUENCE}6
{DESCRIPTION}AIRCRAFT SUBLEASE AGREEMENT
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:
_____________
Frontier Airlines, – Terms...........................................82
SCHEDULE 3 - Insurance Requirements...........................................85
SCHEDULE 4 - Delivery Conditions..............................................90
SCHEDULE 5 - Acceptance Certificate...........................................93
SCHEDULE 6 - Certificate of Officer of Frontier Airlines, Inc.................96
SCHEDULE 7 - Form of Letter of Authority......................................98
SCHEDULE 8 - Power of Attorney................................................99
SCHEDULE 9 - Form of Opinion of
_____________
FRONTIER AIRLINES, – limited liability company whose address
and principal place of business is at Sodra Forstadsgatan 4, S-211 43 Malmo,
Sweden, ("Sublessor"); and
(2) FRONTIER AIRLINES, INC., a Colorado corporation whose address and principal
place of business is at 12015 E. 46th Avenue, Denver, Colorado, United States of
_____________
FRONTIER AIRLINES, – follows:
Sublessor: INDIGO AVIATION AB (publ)
Address: Sodra Forstadsgatan 4
SE-211 43 Malmo, Sweden
Attention: Legal Department
Facsimile: +46 40 302350
Sublessee: FRONTIER AIRLINES, INC.
Address: 12015 E. 46th Avenue
Denver, Colorado 80239-3116
U.S.A.
Attention: General Counsel
Facsimile: (303) 371 9669
28. GOVERNING
_____________
FRONTIER AIRLINES, – and year first above written.
SIGNED on behalf of INDIGO AVIATION AB (publ)
By:__________________________________________
Name:________________________________________
Title:_________________________________________
SIGNED on behalf of FRONTIER AIRLINES, INC.
By:___________________________________________
Name:_________________________________________
Title:__________________________________________
{PAGE}
SCHEDULE 1
AIRCRAFT SPECIFICATION
Model Boeing 737-3L9
Serial Numbers 26442
Current Registration D -
_____________
dt 92013
;
Chase Manhattan
As referenced in this Aircraft Sublease Agreement:
Chase
Manhattan Bank – means, for the relevant period, three percent (3%) above the rate
of interest at the start of that relevant period publicly quoted by Chase
Manhattan Bank N.A. as its prime rate;
Delivery means delivery of the Aircraft by Sublessor to Sublessee pursuant to
Clause 6;
Delivery Date means
_____________
dt 101526
;
| Indigo Aviation AB
|
Preview
Full Doc
| 1999 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (346K)
Doc #112741: Click preview link for longer preview.
AIRCRAFT SUBLEASE AGREEMENT
between
KOMMANDITBOLAGET FLYGPLANET XIV
as Sublessor
and
Frontier Airlines, Inc
as Sublessee
Dated as of 21 July 1999
Aircraft Make and Model: One Boeing 737-2Y5
Aircraft Manufacturer's Serial Number: 23039
Aircraft Registration Mark: N921WA
Engines Make and Model: Pratt & Whitney JT8D-15A Equipped
with Nordam LGW Hushkits
Engines Serial Numbers: 702966 and 702886
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 counterpart of this Agreement, so identified by the
signature of Lender on the receipt set forth on the signature page of such
original counterpart.
Items marked with "*" have been omitted pursuant to a request for confidential
treatment.
{PAGE}
TABLE OF CONTENTS
1. DEFINITIONS Page 2
1.1 Definitions Page 2
1.2 Construction Page 13
2. REPRESENTATIONS AND WARRANTIES Page 14
2.1 Sublessee's Representations and Warranties Page 14
2.2 Sublessor's Representations and Warranties Page 18
2.3 Survival of Representations and Warranties Page 19
3. CONDITIONS PRECEDENT Page 19
3.1 Sublessor's Conditions Precedent Page 19
3.2 Waiver Page 20
3.3 Sublessee's Conditions Precedent Page 21
3.4 Waiver Page 21
4. DELIVERY CONDITION AND INSPECTION OF AIRCRAFT Page 21
4.1 Sublessee Selection of Aircraft Page 21
4.2 Condition at Delivery Page 22
4.3 Sublessee Inspection and Acceptance Flight Page 22
4.4 Delivery of Aircraft to Sublessee Page 22
4.5 Sublessee's Failure to take Delivery Page 22
5. SUBLEASE TERM Page 23
5.1 Sublease Term Page 23
5.2 Expiry Date Page 23
5.3 Early Termination Option Page 24
5.4 Survival of Certain Sublessee Obligations Page 24
5.5 Risk Page 24
6. DELIVERY Page 25
6.1 Location and Time of Delivery Page 25
6.2 Delay or Failure in Delivery Page 25
7. RENT Page 25
7.1 Basic Rent Period Page 25
7.2 Time of Payment of Basic Rent Page 26
7.3 Amount of Basic Rent Page 26
7.4 Maintenance Reserves Page 26
7.5 Supplemental Rent for Excess Cycles Page 26
8. SECURITY DEPOSIT Page 26
8.1 Security Deposit Page 26
8.2 Letter of Credit Page 27
8.3 Sublessor's Rights Page 27
9. MAINTENANCE RESERVES Page 27
9.1 Amount Page 27
9.2 Payments Page 28
9.3 Adjustment Page 28
9.4 Release of Maintenance Reserves Page 28
9.5 Costs in Excess of Maintenance Reserves Page 30
9.6 Reimbursement after Expiry Date Page 30
10. PAYMENTS Page 30
10.1 Account for Sublessee Payments Page 30
10.2 Default Interest Page 31
10.3 Absolute Obligations Page 31
10.4 Application of Payments to Sublessor Page 32
10.5 Currency Indemnity Page 32
10.6 Set-off Page 32
10.7 Time for Payments Page 32
11. Sublessor'S COVENANTS Page 32
11.1 Quiet Enjoyment Page 33
11.2 Sublessor Obligations Following Expiry Date Page 33
12. Sublessee'S COVENANTS Page 33
12.1 Duration Page 33
12.2 Information Page 34
12.3 Sublessor Visits Page 35
12.4 Periodic Estoppel Certificates Page 35
12.5 Airport and Navigation Charges Page 36
12.6 Operation of Aircraft Page 37
12.7 Areas of Operation Page 37
12.8 Non-Prejudicial Action Page 37
12.9 Non-Representation of Sublessor Page 37
12.10 Inspection Page 38
12.11 Registration Page 38
12.12 Name Plates Page 39
12.13 Geneva Convention Page 40
12.14 Merger and Shareholding Page 40
12.15 Ownership Page 40
12.16 Maintenance of Principal Business Place Page 40
12.17 Maintenance of Flight Records Page 41
13. POSSESSION Page 41
13.1 No Relinquishment of Possession Page 41
13.2 Copy of Sublease Page 44
13.3 Sublessee Primarily Liable Page 44
13.4 Recognition of Rights Page 44
14. SECURITY INTERESTS Page 45
14.1 Title Page 45
14.2 No Security Interests Page 45
14.3 Base of Aircraft Page 45
14.4 Notice to Sublessor Page 45
14.5 Procure Release Page 46
15. MAINTENANCE AND REPAIR Page 46
15.1 General Obligations Page 46
15.2 Specific Obligations Page 47
16. REPLACEMENT OF PARTS Page 48
16.1 Replacement of Parts Page 48
16.2 Title to Replacement Parts Page 49
16.3 Pooling of Parts Page 49
16.4 Alterations Page 50
16.5 Removal of Parts Page 50
16.6 Substitution of Engine Page 51
16.7 Temporary Removal of Parts Page 52
16.8 Parts Incapable of Transfer Page 52
17. MANUFACTURER'S WARRANTIES Page 53
17.1 Authorization Page 53
17.2 Proceeds Page 53
17.3 Agreements with Manufacturers Page 54
17.4 No Operation Contrary to Warranties Page 54
18. DISCLAIMERS Page 54
18.1 General Page 54
18.2 As Is, Where Is Page 55
18.3 Waiver of Warranty of Description Page 55
18.4 No Liability Under UCC Page 56
18.5 Sublessee Acknowledgment Page 56
18.6 Sublessee Waiver Page 56
18.7 Sublessee Examination of Aircraft Page 56
18.8 No Sublessor Liability for Losses Page 57
18.9 Exclusion Page 57
18.10 Waiver Page 57
18.11 No Waiver Page 58
18.12 Confirmation Page 58
19. INDEMNITIES Page 58
19.1 General Indemnity Page 58
19.2 Exception to General Indemnity Page 59
19.3 Time of Payment Page 59
19.4 Survival of General Indemnity Page 60
19.5 Notice to Sublessee Page 59
20. TAXATION Page 60
20.1 Gross-up Page 60
20.2 Tax Indemnity Page 61
20.3 Value Added Taxes Page 62
20.4 Taxation of Indemnity Payments Page 62
20.5 Benefit of Indemnities Page 62
20.6 Sublessor Indemnification Page 63
20.7 Survival of Tax Indemnities Page 63
20.8 Mitigation and Co-operation Page 63
20.9 Furnishing Forms Page 63
21. INSURANCE Page 64
21.1 Insurances Page 64
21.2 Reinsurance Page 64
21.3 Requirements Page 64
21.4 Insurance Covenants Page 65
21.5 Renewal of Insurances Page 66
21.6 Failure to Insure Page 67
21.7 Continuation of Insurances Page 67
21.8 Application of Insurance Proceeds Page 68
21.9 Pursuit of Claims Page 68
22. TOTAL LOSS AND REQUISITION Page 68
22.1 Total Loss Prior to Delivery Page 68
22.2 Total Loss After Delivery Page 69
22.3 Total Loss of Engines Page 69
22.4 Requisition Page 70
23. REDELIVERY Page 71
23.1 Redelivery of Aircraft Page 71
23.2 Final Inspection Page 72
23.3 Discrepancies Page 72
23.4 Non-compliance Page 73
23.5 Acknowledgment Page 73
23.6 Storage etc. Page 74
24. EVENTS OF DEFAULT Page 74
24.1 Notice Page 74
24.2 Events Page 74
24.3 Sublessor's Rights Page 77
24.4 Default Payments Page 79
24.5 Cumulative Rights Page 80
25. ASSIGNMENT AND TRANSFER Page 80
25.1 By Sublessee Page 80
25.2 By Sublessor Page 80
25.3 Assignment to Lender Page 80
25.4 Sublessee Co-operation Page 81
25.5 Sublessor Includes Sublessor's
Assignee and Lender Page 81
26. MISCELLANEOUS PROVISIONS Page 82
26.1 Rights Cumulative, Waivers Page 82
26.2 Delegation Page 82
26.3 Expenses Page 82
26.4 Time of Essence Page 83
26.5 Entire Agreement Page 83
26.6 Further Assurances Page 83
26.7 Language Page 83
26.8 Variation Page 83
26.9 Invalidity of any Provision Page 84
26.10 Survival Page 84
26.11 Reimbursement Page 84
26.12 Press Releases Page 84
26.13 Power of Attorney Page 84
26.14 Usury Laws Page 84
26.15 Confidentiality Page 85
26.16 Counterparts Page 85
26.17 Bankruptcy Page 85
27. NOTICES Page 86
28. GOVERNING LAW AND JURISDICTION Page 87
28.1 New York Law Page 87
28.2 Non-exclusive Jurisdiction in New York Page 87
28.3 Service of Process Page 87
28.4 Prevailing Party in Dispute Page 88
28.5 Waiver Page 88
SIGNATURE PAGE Page 89
SCHEDULE 1 Aircraft Specification Page 90
Annexure 1 Aircraft Documentation Page 93
SCHEDULE 2 Certain Business Terms Page 96
SCHEDULE 3 Insurance Requirements Page 99
SCHEDULE 4 Delivery Conditions Page 105
SCHEDULE 5 Acceptance Certificate Page 108
SCHEDULE 6 Certificate of Director Page 111
SCHEDULE 7 Form of Letter of Authority Page 113
SCHEDULE 8 Power of Attorney Page 114
SCHEDULE 9 Form of Opinion of Sublessee
Counsel Page 116
SCHEDULE 10 Monthly Aircraft Utilisation
And Status Report Page 121
SCHEDULE 11 Form of Quiet Enjoyment Letter Page 123
SCHEDULE 12 Return Conditions Page 124
SCHEDULE 13 Return Acceptance Certificate Page 128
Annexure 1 Aircraft Documents Page 131
Annexure 2 Discrepancies Page 134
SCHEDULE 14 Sublease Supplement Page 135
{PAGE}
{PAGE}
THIS AGREEMENT is made as of 21 July 1999.
BETWEEN:
(1) KOMMANDITBOLAGET FLYGPLANET XIV a Swedish limited partnership whose address
and principal place of business is at Sodra Forstadsgatan 4, S-211 43 Malmo,
Sweden, ("Sublessor"); and
(2) FRONTIER AIRLINES, INC. a Colorado corporation whose address and principal
place of business is at 12015 E. 46th Avenue, Denver, Colorado, United States of
America ("Sublessee").
WHEREAS
Owner Trustee holds title to the Aircraft for the benefit of Sublessor;
Owner Trustee, as headlessor, leases the Aircraft to Sublessor under the terms
of the Headlease Agreement;
In consideration of and subject to the mutual covenants, terms and conditions
contained in this Agreement, and other valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Sublessor agrees to sublease to
Sublessee and Sublessee agrees to sublease from Sublessor the Aircraft for the
Sublease Term and the parties further agree as follows:
{PAGE}
1. DEFINITIONS
1.1 Definitions
In this Agreement the following words and expressions have the following
meanings unless the context otherwise requires:
Acceptance Certificate means a certificate of acceptance substantially in the
form set out in Schedule 5;
Agreed Value has the meaning ascribed to it in Schedule 2;
Aircraft means the Airframe, the Engines, the Parts and the Aircraft Documents,
collectively. As the context requires, the Aircraft may also mean the Airframe,
any Engine, any Part, the Aircraft Documents or any part thereof individually;
Aircraft Documents means the documents, data and records referred to in Annexure
1 to Schedule 1 of this Agreement and, at Delivery, more closely identified in
Annexure 1 to the Acceptance Certificate and all additions, renewals, revisions
and replacements from time to time made to any of the foregoing in accordance
with this Agreement;
Airframe means the airframe described in Schedule 1 together with all Parts
relating thereto (except Engines or engines);
Air Navigation Charges means all charges incurred with the furnishing, issue or
provision of information, directions and other facilities in connection with the
navigation or movement of the Aircraft (including the control or movement of
vehicles in any part of an airport used for the movement of aircraft);
Airport Charges means all charges incurred in connection with the landing,
parking or taking-off of aircraft at airports or for the use of, or for services
provided at, airports;
Airworthiness Directive means an airworthiness directive or other mandatory
requirement issued by the FAA or any other Aviation Authority or Government
Entity;
APU means the auxiliary power unit installed on the Aircraft on the Delivery
Date and any replacement auxiliary power unit installed in accordance with this
Agreement, title to which is transferred to Owner Trustee;
Aviation Authority means all and any of the authorities, government departments,
committees or agencies which under the laws of the State of Registration shall
from time to time:
112741
|
Frontier
As referenced in this Aircraft Sublease Agreement:
Frontier Airlines, –
Exhibit-10
{SEQUENCE}2
{DESCRIPTION}AIRCRAFT LEASE AGREEMENT
AIRCRAFT SUBLEASE AGREEMENT
between
KOMMANDITBOLAGET FLYGPLANET XIV
as Sublessor
and
Frontier Airlines, Inc
as Sublessee
Dated as of 21 July 1999
Aircraft Make and Model: One Boeing 737-2Y5
Aircraft Manufacturer's Serial Number:
_____________
FRONTIER AIRLINES, – Swedish limited partnership whose address
and principal place of business is at Sodra Forstadsgatan 4, S-211 43 Malmo,
Sweden, ("Sublessor"); and
(2) FRONTIER AIRLINES, INC. a Colorado corporation whose address and principal
place of business is at 12015 E. 46th Avenue, Denver, Colorado, United States of
_____________
FRONTIER AIRLINES, – follows:
Sublessor: KOMMANDITBOLAGET FLYGPLANET XIV
Address: Sodra Forstadsgatan 4
SE-211 43 Malmo, Sweden
Attention: Legal Department
Facsimile: +46 40 302350
{PAGE}
Sublessee: FRONTIER AIRLINES, INC.
Address: 12015 E. 46th Avenue
Denver, Colorado 80239-3116
U.S.A.
Attention: General Counsel
Facsimile: (303) 371 9669
28. GOVERNING
_____________
FRONTIER AIRLINES, – day
and year first above written.
SIGNED on behalf of KOMMANDITBOLAGET FLYGPLANET XIV
By: ___________________________
Name: ___________________________
Title: ___________________________
SIGNED on behalf of FRONTIER AIRLINES, INC.
By: ___________________________
Name: ___________________________
Title: ___________________________
Receipt of the "original" counterpart of this Agreement is hereby acknowledged.
{PAGE}
SCHEDULE 1
AIRCRAFT
_____________
Frontier Airlines
– 954
Effectivity PL622
Date of Manufacture March, 1983
Engines Pratt & Whitney JT8D-15A with Nordam LGW Hushkits
APU Garrett GTCP85-129
Present Operator Frontier Airlines
WEIGHTS Kgs Lbs.
Max Taxi Weight 56,700 125,000
Max Take Off Weight 56,470 124,500
Max Landing Weight 48,
_____________
dt 92014
;
Chase Manhattan
As referenced in this Aircraft Sublease Agreement:
Chase Manhattan
Bank – Rate means, for the relevant period, 3% percent above the rate of
interest at the start of that relevant period publicly quoted by Chase Manhattan
Bank N.A. as its prime rate;
Delivery means delivery of the Aircraft by Sublessor to Sublessee pursuant to
Clause 6;
Delivery Date means
_____________
dt 101527
;
| Kommanditbolaget Flygplanet XIV
|
Preview
Full Doc
| 1999 |
Aircraft Sublease Agreement
Aircraft Sublease Agreement (329K)
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AIRCRAFT SUBLEASE AGREEMENT
between
INDIGO PACIFIC AB
as Sublessor
and
FRONTIER AIRLINES, INC.
as Sublessee
Dated as of December 14, 1998
_____________________________________________________________________
Aircraft Make and Model: Boeing 737-3U3
Aircraft Manufacturer's Serial Number 28734
Aircraft Registration Number: N309FL
Make and Model of Engines: CFM INTERNATIONAL CFM 56-3C1
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 counterpart of this Agreement, so identified by the
signature of Sublessor's Lender on the receipt set forth on the signature page
of such original counterpart.
{PAGE}
TABLE OF CONTENTS
1. SUMMARY OF TRANSACTION.....................................................7
2. DEFINITIONS................................................................9
2.1 Definitions............................................................9
2.2 Construction..........................................................19
3. REPRESENTATIONS AND WARRANTIES............................................20
3.1 Sublessee's Representations and Warranties............................20
3.2 Sublessor's Representations and Warranties............................23
3.3 Survival of Representations and Warranties............................25
4. CONDITIONS PRECEDENT......................................................25
4.1 Sublessor's Conditions Precedent......................................25
4.2 Waiver................................................................27
4.3 Sublessee's Conditions Precedent......................................27
4.4 Waiver................................................................28
5. DELIVERY CONDITION AND INSPECTION OF AIRCRAFT.............................28
5.1 Sublessee Selection of Aircraft.......................................28
5.2 Conditions at Delivery................................................28
5.3 Sublessee Inspection of Aircraft at Delivery..........................28
5.4 Delivery of Aircraft to Sublessee.....................................29
5.5 Sublessee Acceptance of Aircraft......................................29
6. LEASE TERM................................................................29
6.1 Initial Lease Term....................................................29
6.2 Lease Extension Date..................................................29
6.3 Expiry Date...........................................................30
6.4 Risk..................................................................31
7. DELIVERY..................................................................31
7.1 Delivery..............................................................31
8. RENT......................................................................31
8.1 Rent Date.............................................................31
8.2 Time of Payment.......................................................32
8.3 Amount of Basic Rent..................................................32
8.4 Reserves..............................................................32
8.5 Increased Rent for Hour/Cycle Ratio...................................32
9. SECURITY DEPOSIT..........................................................32
9.1 Security Deposit......................................................32
9.2 Letter of Credit......................................................32
9.3 Sublessor's Rights....................................................32
10. MAINTENANCE RESERVES.....................................................33
10.1 Amount...............................................................33
10.2 Payments.............................................................33
10.3 Adjustment...........................................................33
10.4 Release of Maintenance Reserves......................................34
10.5 Costs in Excess of Reserves..........................................35
10.6 Reimbursement after Expiry Date......................................35
10.7 LLP Maintenance Reserve..............................................35
10.8 No Anticipated Draw-down.............................................36
11. PAYMENTS.................................................................36
11.1 Account for Sublessee Payments.......................................36
11.2 Default Interest.....................................................36
11.3 Absolute Obligations.................................................37
11.4 Application of Payments to Sublessor.................................37
11.5 Currency Indemnity...................................................37
11.6 Set-off..............................................................38
11.7 Time for Payments....................................................38
12. SUBLESSOR'S CONVENANTS...................................................38
12.1 Quiet Enjoyment......................................................38
12.2 Sublessor Obligations Following Expiry Date..........................38
13. SUBLESSEE'S COVENANTS....................................................39
13.1 Duration.............................................................39
13.2 Information..........................................................39
13.3 Sublessor visits.....................................................41
13.4 Periodic Estoppel Certificates.......................................41
13.5 Airport and Navigation Charges.......................................41
13.6 Operation of Aircraft................................................42
13.7 Areas of Operation...................................................42
13.8 Non-Prejudicial Action...............................................42
13.9 Non-Representation of Sublessor......................................42
13.10 Inspection..........................................................43
13.11 Registration........................................................43
13.12 Name Plates.........................................................44
13.13 Geneva Convention...................................................44
13.14 Merger and Shareholding.............................................44
13.15 Ownership...........................................................45
14. POSSESSION...............................................................46
14.1 No Relinquishment of Possession......................................46
14.2 Sublessee Primarily Liable...........................................49
14.3 Recognition of Rights................................................49
15. SECURITY INTERESTS.......................................................49
15.1 Title................................................................49
15.2 No Security Interests; Base of Aircraft..............................49
15.3 Notice to Sublessor..................................................50
15.4 Procure Release......................................................50
16. MAINTENANCE AND REPAIR...................................................50
16.1 General Obligations..................................................50
16.2 Specific Obligations.................................................51
17. REPLACEMENT OF PARTS.....................................................53
17.1 Replacement of Parts.................................................53
17.2 Title to Replacement Parts...........................................53
17.3 Pooling of Parts.....................................................53
17.4 Alterations..........................................................54
17.5 Removal of Parts.....................................................54
17.6 Substitution of Engine...............................................55
17.7 Temporary Removal of Parts...........................................56
18. MANUFACTURER'S WARRANTIES................................................57
18.1 Authorization........................................................57
18.2 Proceeds.............................................................58
18.3 Agreements with Manufacturers........................................58
19. DISCLAIMERS..............................................................58
19.1 As Is, where Is......................................................59
19.2 No Sublessor Liability for Losses....................................61
19.3 Exclusion............................................................61
19.4 Waiver...............................................................62
19.5 Confirmation.........................................................62
20. INDEMNITIES..............................................................62
20.1 General..............................................................62
20.2 Survival of Indemnification..........................................63
20.3 Notice to Sublessee..................................................63
21. TAXATION.................................................................63
21.1 Gross-up.............................................................63
21.2 Tax Indemnity........................................................64
21.3 Value Added Taxes....................................................65
21.4 Taxation of Indemnity Payments.......................................65
21.5 Benefit of Indemnities...............................................66
21.6 Sublessor Indemnification............................................66
21.7 Survival of Tax Indemnities..........................................66
21.8 Mitigation and Cooperation...........................................66
21.9 Furnishing Forms.....................................................66
22. INSURANCE................................................................67
22.1 Insurances...........................................................67
22.2 Requirements.........................................................67
22.3 Insurance Covenants..................................................67
22.4 Renewal of Insurances................................................69
22.5 AVN 2000.............................................................69
22.6 Failure to Insure....................................................69
22.7 Continuation of Insurances...........................................70
22.8 Application of Insurance Proceeds....................................70
22.9 Pursuit of Claims....................................................70
23. LOSS, DAMAGES AND REQUISITION............................................71
23.1 Total Loss Prior to Pre-Delivery Acceptance..........................71
23.2 Total Loss After Pre-Delivery Acceptance.............................71
23.3 Total Loss of Engines................................................72
23.4 Requisition..........................................................72
24. REDELIVERY...............................................................73
24.1 Redelivery of Aircraft; General Conditions...........................73
24.2 Final Inspection.....................................................74
24.3 Operational Ground Check; Demonstration Flight.......................74
24.4 Non-compliance.......................................................75
24.5 Acknowledgment.......................................................76
24.7 Return of the Letter of Credit.......................................76
25. EVENTS OF DEFAULT........................................................76
25.1 Events...............................................................76
25.2 Sublessor's Rights...................................................79
25.3 Default Payments.....................................................81
26. ASSIGNMENT AND TRANSFER..................................................82
26.1 By Sublessee.........................................................82
26.2 By Sublessor.........................................................82
26.3 Assignment to Lender.................................................82
26.4 Sublessor Includes Sublessor's Assignee and Sublessor's Lender.......83
27. MISCELLANEOUS PROVISIONS.................................................83
27.1 Rights Cumulative, Waivers...........................................83
27.2 Delegation...........................................................84
27.3 Expenses.............................................................84
27.4 Time of Essence......................................................84
27.5 Entire Agreement.....................................................84
27.6 Further Assurances...................................................84
27.7 Language.............................................................85
27.8 Variation............................................................85
27.9 Invalidity of any Provision..........................................85
27.10 Survival............................................................85
27.11 Reimbursement.......................................................85
27.12 Press Releases......................................................85
27.13 Power of Attorney...................................................86
27.14 Usury Laws..........................................................86
27.15 Confidentiality.....................................................86
27.16 Counterparts........................................................86
28. NOTICES..................................................................87
29. GOVERNING LAW AND JURISDICTION...........................................88
29.1 New York Law.........................................................88
29.2 Non-exclusive Jurisdiction in New York...............................88
29.3 Waiver...............................................................89
{PAGE}
SCHEDULES
Schedule 1 Aircraft Specification 96
Schedule 2 Delivery Conditions 99
Schedule 3 Acceptance Certificate 100
Schedule 4 Sublease Supplement 102
Schedule 5 Insurance Requirements 104
Schedule 6 Return Conditions 108
Schedule 7 Return Acceptance Certificate 111
Schedule 9 Monthly Aircraft Utilization and Status Report 119
Schedule 10 Power of Attorney 121
{PAGE}
THIS AGREEMENT is made on the 14th day of December, 1998.
BETWEEN:
(1) INDIGO PACIFIC AB, a company incorporated under the laws of Sweden
whose registered office is at Sodra Forstadsgatan 4, SE-21143
Maluno, Sweden ("Sublessor"); and
(2) FRONTIER AIRLINES, INC., a company incorporated under the laws of
Colorado whose chief executive office and principal place of
business is 12015 E. 46th Avenue, Denver, Colorado, 80239
("Sublessee").
WHEREAS:
Owner Trustee (as hereinafter defined) holds title to the Aircraft for the
benefit of Subessor (as hereinafter defined);
Owner Trustee leases the Aircraft to Sublessor;
Sublessor wishes to sublease the Aircraft (as hereinafter defined) to Sublessee
and Sublessee is willing to sublease the Aircraft from Sublessor on the terms of
this Agreement; therefore
IT IS AGREED as follows:
1. summary of transaction
The following is a summary of the lease transaction between Sublessor and
Sublessee. It is set forth for the convenience of the parties only and will not
be deemed in any way to amend, detract from or simplify the other provisions of
this Agreement.
(i) Description of the Aircraft
One Boeing 737-3U3
MSN 28734
Reg No. N309FL
(ii) Scheduled Delivery Date and Location
December 14, 1998, at Evergreen Air Center Marana,
Arizona.
(iii) Initial Lease Term
From Delivery Date to 1 May 2000.
(iv) Lease Extension Option
Sublessor has an option to extend until October 31,
2000, subject to six (6) month prior written notice.
(v) Security Deposit
US$ 100,000, payable as follows:
In cash upon signing of Letter of Intent; upon Delivery
the Security deposit will be set off against the first
month's Rent.
US$ 600,000
Irrevocable Letter of Credit to the value of
$600,000.00 provided 1 day prior to Delivery, in a form
acceptable to Sublessor.
(vi) Transaction Fee
Not applicable.
(vii) Rent During Initial Lease Term
US$ 258,000 per month, payable in advance.
(viii) Rent During Lease Extension Term
US$ 258,000 per month, payable in advance.
(ix) Reserves
Airframe Maintenance Reserve: US$ 70 per Flight Hour.
Engine Maintenance Reserve: US$ 80 per Flight Hour for
each Engine.
LLP Maintenance Reserve: US$20 per Flight Hour.
Landing Gear Maintenance Reserve: US$ 10 per Cycle.
APU Maintenance Reserve: US$6 per Flight Hour.
(x) Country of Aircraft Registration
United States of America.
(xi) Agreed Value of Aircraft
US$ 33,000,000
(xii) Damage Notification Threshold
US$ 250,000
(xiii) Sublessor's Bank Account
Proceeds Account
KBC New York
125 W 55th Street
NY 10019, New York
Accoutn Number: 21557003
SWIFT: KREDUS33 for credit to KBC Finance Ireland
quoting Indigo Proceeds Account #03/43824/77
(xiv) Indemnitees
Sublessor
Owner Trustee
Sublessor's Lender
2. DEFINITIONS
2.1 Definitions
In this Agreement the following words and expressions have the following
meanings unless the context otherwise requires:
Acceptance Certificate means a certificate substantially in the form set out in
Schedule 3;
Agreed Value means THIRTY THREE MILLION US DOLLARS (US$33,000,000);
Aircraft means the aircraft described in Schedule 1 (which term includes where
the context admits a separate reference to any or all Engines, Parts and
Aircraft Documents);
Aircraft Documents means the documents, data and records identified in Annex 1
to Schedule 3 of this Agreement and all additions, renewals, revisions and
replacements from time to time made to any of the foregoing in accordance with
this Agreement all of which shall be in the English language;
112794
|
Frontier
As referenced in this Aircraft Sublease Agreement:
FRONTIER AIRLINES, –
Exhibit-10
{SEQUENCE}3
{DESCRIPTION}AIRCRAFT LEASE AGREEMENT
_______________________________________________________________
Exhibit 10.36
AIRCRAFT SUBLEASE AGREEMENT
between
INDIGO PACIFIC AB
as Sublessor
and
FRONTIER AIRLINES, INC.
as Sublessee
Dated as of December 14, 1998
_____________________________________________________________________
Aircraft Make and Model: Boeing 737-3U3
Aircraft Manufacturer's Serial Number
_____________
FRONTIER AIRLINES, – a company incorporated under the laws of Sweden
whose registered office is at Sodra Forstadsgatan 4, SE-21143
Maluno, Sweden ("Sublessor"); and
(2) FRONTIER AIRLINES, INC., a company incorporated under the laws of
Colorado whose chief executive office and principal place of
business is 12015 E. 46th
_____________
FRONTIER AIRLINES, – be addressed as follows:
Sublessor: Indigo Pacific AB.
Address: Sodra Forstudsgatan
SE-21143 Maluno
Sweden
Attention: Legal Department
Telephone: 46406603001
Facsimile: 4640302350
Sublessee: FRONTIER AIRLINES, INC.
Address: 12015 E. 46th Avenue
Denver, Colorado 80239
Attention: General Counsel
Facsimile: (303) 371 9669
29. governing law and jurisdiction
29.
_____________
FRONTIER AIRLINES, – at the beginning of this Agreement.
SIGNED on behalf of INDIGO PACIFIC AB
By: ___________________________
Name: ___________________________
Title: ___________________________
SIGNED on behalf of FRONTIER AIRLINES, INC.
By: ___________________________
Name: ___________________________
Title: ___________________________
Receipt of the "original" counterpart of this Agreement is hereby acknowledged.
{PAGE}
SCHEDULE 1
AIRCRAFT
_____________
FRONTIER
AIRLINES, – Air New Zealand and the Manufacturer.
{PAGE}
SCHEDULE 3
ACCEPTANCE CERTIFICATE
This Acceptance Certificate is delivered, on the date set out below by FRONTIER
AIRLINES, INC. (Sublessee), to INDIGO PACIFIC AB (Sublessor), pursuant to the
Aircraft Sublease Agreement dated November [ ], 1998 between Sublessor and
Sublessee (the Sublease).
_____________
dt 92019
;
Chase Manhattan
As referenced in this Aircraft Sublease Agreement:
Chase Manhattan Bank
– Rate means, for the relevant period, 3% above the rate of interest at
the start of that relevant period publicly quoted by The Chase Manhattan Bank
N.A. as its Prime Rate;
Delivery means delivery of the Aircraft by Sublessor to Sublessee pursuant to
Clause 7;
Delivery Date
_____________
dt 101530
;
| Indigo Pacific AB
|