AIRCRAFT LEASE
(Serial Number 560-5086)
DATED AS OF APRIL 11, 2002
between
FLEET CAPITAL CORPORATION
as Lessor
and
COPART, INC.
as Lessee
This is Counterpart No. 2 of a total of 3 counterparts. Only Counterpart No. 1 shall be considered chattel paper for purposes of the Uniform Commercial Code and a security interest may be perfected only by possession of Counterpart No. 1.
TABLE OF CONTENTS
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PAGE |
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SECTION |
1 |
Lease and Acceptance of Aircraft |
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3 |
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SECTION |
2 |
Conditions to Closing |
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3 |
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SECTION |
3 |
Term and Rent |
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4 |
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SECTION |
4 |
Title; Quiet Possession and Use |
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5 |
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SECTION |
5 |
Disclaimer and Assignment of Warranties |
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5 |
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SECTION |
6 |
Representations, Warranties and Agreements of Lessee |
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6 |
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SECTION |
7 |
Net Lease |
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10 |
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SECTION |
8 |
Taxes |
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11 |
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SECTION |
9 |
Compliance and Use |
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11 |
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SECTION |
10 |
Loss or Damage |
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12 |
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SECTION |
11 |
Indemnification |
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13 |
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SECTION |
12 |
Assignment and Sublease |
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14 |
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SECTION |
13 |
Events of Default |
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16 |
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SECTION |
14 |
Remedies |
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18 |
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SECTION |
15 |
Notices |
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20 |
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SECTION |
16 |
Transaction Expenses |
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20 |
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SECTION |
17 |
Miscellaneous |
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21 |
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SECTION |
18 |
Amendments |
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23 |
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SECTION |
19 |
Truth in Leasing |
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23 |
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EXHIBIT A - Definitions |
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Lease Supplement No. 1 |
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Schedule No. 1 to Lease Supplement No. 1 |
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Schedule No. 2 to Lease Supplement No. 1 |
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Schedule No. 2-A to Lease Supplement No. 1 * |
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Schedule No. 3 to Lease Supplement No. 1 * |
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Schedule No. 4 to Lease Supplement No. 1 * |
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Schedule No. 5 to Lease Supplement No. 1 * |
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Lease Supplement No. 2 |
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EXHIBIT B - Warranty Bill of Sale |
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EXHIBIT C - Special Tax Indemnity Rider * |
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Insurance Addendum |
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Purchase, Early Purchase and Renewal Option Addendum |
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Maintenance and Return Addendum |
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Security Deposit Amendment |
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* to be deleted from FAA filing copy and copy of lease to be placed on board the Aircraft
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