{"id":41009,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/export-credit-agency-loan-agreement-cit-group-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"export-credit-agency-loan-agreement-cit-group-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/export-credit-agency-loan-agreement-cit-group-inc.html","title":{"rendered":"Export Credit Agency Loan Agreement – CIT Group Inc."},"content":{"rendered":"

AGREED FORM<\/strong><\/p>\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

ABN AMRO Bank N.V.<\/strong><\/p>\n<\/td>\n

\n

CIT Aerospace International<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n

as Arranger<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

ECA Loan Agreement<\/p>\n

in respect of one (1) Airbus [** ] aircraft with manufacturer’s serial number
\n[** ]
\nregistration mark [** ] equipped with two [engine type] engines<\/p>\n

Dated ** <\/strong><\/p>\n

Madeleine Leasing Limited<\/strong>
\n(Borrower)<\/p>\n

Various Financial Institutions<\/strong>
\n(as Original ECA Lenders)<\/p>\n

ABN AMRO BANK N.V., Paris branch<\/strong>
\n(French National Agent)<\/p>\n

ABN AMRO BANK N.V., Niederlassung Deutschland<\/strong>
\n(German National Agent)<\/p>\n

ABN AMRO BANK N.V., London branch<\/strong>
\n(British National Agent)<\/p>\n

ABN AMRO BANK N.V., London branch<\/strong>
\n(ECA Facility Agent)<\/p>\n

ABN AMRO BANK N.V., London branch<\/strong>
\n(Security Trustee)<\/p>\n<\/p>\n<\/p>\n

<\/p>\n

Contents<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

1<\/strong><\/p>\n<\/td>\n

\n

Interpretation<\/strong><\/p>\n<\/td>\n

\n

2<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

2<\/strong><\/p>\n<\/td>\n

\n

Facility<\/strong><\/p>\n<\/td>\n

\n

2<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

3<\/strong><\/p>\n<\/td>\n

\n

Purpose<\/strong><\/p>\n<\/td>\n

\n

2<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

4<\/strong><\/p>\n<\/td>\n

\n

Conditions precedent<\/strong><\/p>\n<\/td>\n

\n

2<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

5<\/strong><\/p>\n<\/td>\n

\n

Utilisation<\/strong><\/p>\n<\/td>\n

\n

3<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

6<\/strong><\/p>\n<\/td>\n

\n

Repayment<\/strong><\/p>\n<\/td>\n

\n

4<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

7<\/strong><\/p>\n<\/td>\n

\n

Prepayment and cancellation<\/strong><\/p>\n<\/td>\n

\n

5<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

8<\/strong><\/p>\n<\/td>\n

\n

Interest<\/strong><\/p>\n<\/td>\n

\n

8<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

9<\/strong><\/p>\n<\/td>\n

\n

Market Disruption<\/strong><\/p>\n<\/td>\n

\n

10<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

10<\/strong><\/p>\n<\/td>\n

\n

Increased Costs<\/strong><\/p>\n<\/td>\n

\n

10<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

11<\/strong><\/p>\n<\/td>\n

\n

Mitigation<\/strong><\/p>\n<\/td>\n

\n

11<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

12<\/strong><\/p>\n<\/td>\n

\n

Payments<\/strong><\/p>\n<\/td>\n

\n

11<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

13<\/strong><\/p>\n<\/td>\n

\n

Information Covenants<\/strong><\/p>\n<\/td>\n

\n

12<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14<\/strong><\/p>\n<\/td>\n

\n

Default<\/strong><\/p>\n<\/td>\n

\n

13<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

15<\/strong><\/p>\n<\/td>\n

\n

Security and Recourse<\/strong><\/p>\n<\/td>\n

\n

16<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

16<\/strong><\/p>\n<\/td>\n

\n

Changes to the Parties<\/strong><\/p>\n<\/td>\n

\n

16<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

17<\/strong><\/p>\n<\/td>\n

\n

Pro Rata Sharing<\/strong><\/p>\n<\/td>\n

\n

20<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

18<\/strong><\/p>\n<\/td>\n

\n

Governing Law<\/strong><\/p>\n<\/td>\n

\n

21<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

19<\/strong><\/p>\n<\/td>\n

\n

Dispute Resolution<\/strong><\/p>\n<\/td>\n

\n

21<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

20<\/strong><\/p>\n<\/td>\n

\n

Counterparts<\/strong><\/p>\n<\/td>\n

\n

21<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Schedule 1 – ECA Lenders<\/strong><\/p>\n<\/td>\n

\n

22<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Part 1: Original French Lender<\/strong><\/p>\n<\/td>\n

\n

22<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Part 2: Original German Lender<\/strong><\/p>\n<\/td>\n

\n

23<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Part 3: Original British Lender<\/strong><\/p>\n<\/td>\n

\n

24<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Schedule 2 : Repayments<\/strong><\/p>\n<\/td>\n

\n

25<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Contents (i)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Schedule 3 : Calculation of the Mandatory Cost<\/strong><\/p>\n<\/td>\n

\n

28<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Schedule 4 : Form of Assignment Notice<\/strong><\/p>\n<\/td>\n

\n

30<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Schedule 5 : Form of Conversion Confirmation<\/strong><\/p>\n<\/td>\n

\n

31<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Contents (ii)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

ECA Loan Agreement<\/strong><\/p>\n

Dated ** <\/strong><\/p>\n

Between<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

(1)<\/p>\n<\/td>\n

\n

Madeleine Leasing Limited<\/strong>, a limited liability company
\nincorporated under the laws of Ireland and having its registered office at 5
\nHarbourmaster Place, International Financial Services Centre, Dublin 1, Ireland
\n(the Borrower<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(2)<\/p>\n<\/td>\n

\n

The Financial Institution<\/strong>, listed in Part 1 of Schedule 1
\n(Original French Lender) (in this capacity the Original French
\nLenders<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(3)<\/p>\n<\/td>\n

\n

The Financial Institution<\/strong>, listed in Part 2 of Schedule 1
\n(Original German Lender) (in this capacity the Original German
\nLender<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(4)<\/p>\n<\/td>\n

\n

The Financial Institution<\/strong>, listed in Part 3 of Schedule 1
\n(Original British Lender) (in this capacity the Original British
\nLender<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(5)<\/p>\n<\/td>\n

\n

ABN AMRO BANK N.V.<\/strong>, a banking institution established under
\nthe laws of the Netherlands and acting through its office at 40, rue de
\nCourcelles, 75388 Paris Cedex 08, France as agent for the French Lenders (in
\nthis capacity the French National Agent<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(6)<\/p>\n<\/td>\n

\n

ABN AMRO BANK N.V. Niederlassung Deutschland<\/strong>, a banking
\ninstitution established under the laws of the Netherlands whose address is
\nTheodor Heuss Allee 80, 60486 Frankfurt am Main, Germany as agent for the German
\nLenders (in this capacity the German National Agent<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(7)<\/p>\n<\/td>\n

\n

ABN AMRO BANK N.V.<\/strong>, a banking institution established under
\nthe laws of the Netherlands and acting through its office at 250 Bishopsgate,
\nLondon, EC2M 4AA, United Kingdom as agent for the British Lenders (in this
\ncapacity the British National Agent<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(8)<\/p>\n<\/td>\n

\n

ABN AMRO BANK N.V.<\/strong>, a banking institution established under
\nthe laws of the Netherlands and acting through its office at 250 Bishopsgate,
\nLondon, EC2M 4AA, United Kingdom as facility agent for the ECA Lenders (in this
\ncapacity the ECA Facility Agent<\/strong>); and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(9)<\/p>\n<\/td>\n

\n

ABN AMRO BANK N.V.<\/strong>, a banking institution established under
\nthe laws of the Netherlands and acting through its office at 250 Bishopsgate,
\nLondon, EC2M 4AA, United Kingdom as security trustee for, inter alios, the ECA
\nLenders (in this capacity the Security Trustee<\/strong>).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Recitals<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

A<\/p>\n<\/td>\n

\n

The Purchaser has agreed with the Manufacturer to purchase the Aircraft
\npursuant to the Aircraft Purchase Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

B<\/p>\n<\/td>\n

\n

The Purchaser proposes to assign absolutely to the Borrower the right to take
\ntitle to the Aircraft pursuant to the Purchase Agreement Assignment.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

C<\/p>\n<\/td>\n

\n

The Borrower proposes to purchase the Aircraft from the Manufacturer and
\nimmediately to lease it to the Head Lessee.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

D<\/p>\n<\/td>\n

\n

For the purpose of financing the acquisition of the Aircraft in part and
\npayment or reimbursement (as the case may be in accordance with the relevant ECA
\nSupport Arrangement) of the ECA Premia in [full] [part]], the Borrower has
\nrequested the ECA Lenders to make available to it an export credit facility. The
\nECA Lenders have agreed to do so subject to the provisions of the Transaction
\nDocuments and in reliance on the security constituted by the Mortgage and the
\nother Security Documents.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 1<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It is agreed<\/strong>:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

1<\/strong><\/p>\n<\/td>\n

\n

Interpretation<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

1.1<\/strong><\/p>\n<\/td>\n

\n

Definitions<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

In this Agreement, All Parties Agreement <\/strong>means the agreement
\nof the same date as this Agreement relating to the aircraft referred to on the
\ncover of this Agreement between, inter<\/em> alios, <\/em>the parties
\nhereto and CIT Aerospace International as Head Lessee.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

1.2<\/strong><\/p>\n<\/td>\n

\n

Construction<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Unless otherwise defined in this Agreement, capitalised terms used in this
\nAgreement have the meaning given to them in the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

In this Agreement, the provisions of clause 1.2(a) to (g) (Construction) of
\nthe All Parties Agreement will be deemed to be set out herein in their entirety
\nbut as if each reference to “this Agreement” were a reference instead to this
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

2<\/strong><\/p>\n<\/td>\n

\n

Facility<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

Subject to the terms of this Agreement and the other Transaction Documents,
\nthe ECA Lenders agree to make available to the Borrower a Dollar term loan
\nfacility in an aggregate amount equal to the Total ECA Commitments. The Facility
\nwill be made available as follows:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

the French Lenders make available to the Borrower a Dollar term loan facility
\nin an aggregate amount equal to the Total French Commitments;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

the German Lenders make available to the Borrower a Dollar term loan facility
\nin an aggregate amount equal to the Total German Commitments; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

the British Lenders make available to the Borrower a Dollar term loan
\nfacility in an aggregate amount equal to the Total British Commitments.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

3<\/strong><\/p>\n<\/td>\n

\n

Purpose<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

3.1<\/strong><\/p>\n<\/td>\n

\n

ECA Loans<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

Each ECA Loan may only be used for financing the cost of the acquisition of
\nthe Aircraft and for the payment or reimbursement (as the case may be in
\naccordance with the relevant ECA Support Arrangement) in [full] [part] of the
\nECA Premia.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

3.2<\/strong><\/p>\n<\/td>\n

\n

No obligation to monitor<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

No ECA Finance Party is bound to monitor or verify the utilisation of the
\nFacility.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

4<\/strong><\/p>\n<\/td>\n

\n

Conditions precedent<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

The obligations of the Finance Parties under this Agreement are subject to
\nthe satisfaction of the applicable conditions precedent set out in clause 2
\n(Conditions) of the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 2<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

5 <\/strong><\/p>\n<\/td>\n

\n

Utilisation <\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

5.1<\/strong><\/p>\n<\/td>\n

\n

Giving of Request<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower may borrow the ECA Loan by giving to the ECA Facility Agent a
\nduly completed Request countersigned by the Head Lessee subject to and in
\naccordance with clause 2 (Conditions) of the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Unless the ECA Facility Agent otherwise agrees, the latest time for receipt
\nby the ECA Facility Agent of a duly completed Request is 10.00 a.m. on the third
\nBusiness Day prior to the Expected Delivery Date.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

A Request is irrevocable.<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

Only one (1) Request may be served.<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

5.2<\/strong><\/p>\n<\/td>\n

\n

Completion of Request<\/strong><\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

A Request will not be regarded as having been duly completed unless:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

the Expected Delivery Date set out in the Request is a Business Day falling
\nwithin the Availability Period; (b)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the aggregate of the amounts requested in respect of the ECA Loans does not
\nexceed the Total ECA Commitments;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the amount requested in respect of the payment of the ECA Premia is [equal to
\nor less than the ECA Premia] [not more than the lesser of the ECA Premia and [**
\n] per cent ([** %]) of the Aircraft Price]1 <\/sup>;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

it confirms the Aircraft Price;<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

[it confirms the BFE Portion, which unless otherwise agreed by the ECA
\nFacility Agent shall not be more than five per cent (5%) of the Aircraft Price;]
\nand<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

it is duly executed by each of the Borrower and the Head Lessee.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

5.3<\/strong><\/p>\n<\/td>\n

\n

Confirmation of Request<\/strong><\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall promptly determine whether the Request has been
\nproperly completed and given.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

If the ECA Facility Agent determines that the Request has been properly
\ncompleted and provided, the ECA Facility Agent shall promptly provide to the
\nBorrower, the National Agents and the ECA Lenders the relevant Confirmation of
\nRequest, attaching a copy of the Request and setting out:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the respective amounts of the French Loan, the German Loan and the British
\nLoan each calculated on the basis of the French Portion, the German Portion and
\nthe British Portion, respectively, of the total amount requested by the Borrower
\nin the Request;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the respective amounts of the Coface Premium, the Euler Hermes Premium and
\nthe ECGD Premium, as confirmed by Coface, Euler Hermes and ECGD, respectively;
\nand<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

1 <\/sup>To be confirmed on a case by case basis whether the full amount
\nof the ECA Premia is to be financed<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 3<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the amount of each ECA Lender’s Pro Rata Share in the ECA Loans.<\/em>\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

5.4<\/strong><\/p>\n<\/td>\n

\n

Advance of ECA Loans<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

If the ECA Lenders have received a duly completed Confirmation of Request on
\nor prior to 10.00 a.m. on the second Business Day before the Expected Delivery
\nDate, each ECA Lender shall make its Pro Rata Share of the ECA Loans available
\nthrough its Facility Office to the ECA Facility Agent by 10.00 a.m. on the
\nExpected Delivery Date.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Following receipt of funds in accordance with Clause 5.4(a), and subject to
\nthe provisions of Clause 4(Conditions precedent) and the other terms of this
\nAgreement, the ECA Facility Agent shall:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

pay the ECA Aircraft Supported Amount to the account of the Manufacturer
\nwhich the Manufacturer has notified to the ECA Facility Agent; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

pay the amounts set out in the Confirmation of Request in respect of the ECA
\nPremia to the Head Lessee as reimbursement of the ECA Premia paid or to each of
\nthe relevant Export Credit Agencies as set out in paragraph 4(b) of the Request
\nand in accordance with the relevant ECA Support Arrangements, as applicable.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

6<\/strong><\/p>\n

6.1<\/strong><\/p>\n<\/td>\n

\n

Repayment<\/strong><\/p>\n

Repayment<\/strong><\/p>\n

Subject to Clause 6.2 (Substitute schedules) the Borrower shall repay each
\nECA Loan in full by forty-eight (48) consecutive instalments of principal on
\neach Payment Date in the amount set out opposite such Payment Date in Schedule 2
\n(Repayments).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

6.2<\/strong><\/p>\n<\/td>\n

\n

Substitute schedules<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Schedule 2 (Repayments) has been prepared as at the date of this Agreement on
\nthe assumption that:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the Delivery Date will be [** ];<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the aggregate amount of the ECA Loans advanced under this Agreement will be
\n** Dollars ($** ); and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

no ECA Loan will be prepaid in whole or in part.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

If any of the above assumptions proves to be incorrect then as soon as
\nreasonably practicable the ECA Facility Agent shall prepare a substitute
\nSchedule 2 (Repayments) on the same basis as the existing Schedule 2
\n(Repayments) but reflecting the correct Delivery Date, aggregate amount of the
\nECA Loans advanced or, as the case may be, principal amount of the ECA Loans
\noutstanding after any such prepayment.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall provide the ECA Lenders, the Borrower and the
\nHead Lessee with a copy of the substitute Schedule 2 (Repayments) immediately
\nfollowing its preparation.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

Upon the receipt by the ECA Lenders, the Borrower and the Head Lessee of the
\nsubstitute Schedule 2 (Repayments) that substitute schedule will replace the
\nexisting Schedule 2 (Repayments) and all repayments of the ECA Loans will,
\nsubject to the further application of Clause 6.2(a), be made in accordance with
\nthe substitute Schedule 2 (Repayments).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 4<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

6.3<\/strong><\/p>\n<\/td>\n

\n

Fixed rate option<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Subject to no ECA Event of Default or Mandatory Prepayment Event being
\ncontinuing, the Borrower may, if so instructed by the Head Lessee pursuant to
\nclause 21.1 (General rights) of the All Parties Agreement, at any time upon not
\nless than ten (10) Business Days’ prior written notice to the ECA Facility Agent
\n(or such shorter period as the ECA Facility Agent may agree) request that the
\nrate of interest applicable to all the ECA Loans shall be calculated by
\nreference to a Fixed Rate on the Delivery Date or, if later, with effect from
\nthe next succeeding Payment Date, being not less than ten (10) Business Days’
\nafter the date of the Conversion Notice (the Conversion Date<\/strong>).
\nThe request will be subject to the Borrower’s agreement under Clause 6.3(c) to
\nthe Fixed Rate offered pursuant to Clause 6.3(b).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Following receipt of a notice pursuant to Clause 6.3(a), the ECA Facility
\nAgent shall on the date falling two (2) Business Days prior to the Conversion
\nDate determine the Fixed Rate which would be applicable to the ECA Loans as of
\nsuch Conversion Date and notify the same to the Borrower together with an
\nindication of the period within which the offered Fixed Rate must be accepted
\nwhich shall be no later than 10.00 a.m. London time on such date.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

The Borrower, acting on the instructions of the Head Lessee pursuant to
\nclause 21.1 (General rights) of the All Parties Agreement, may agree such Fixed
\nRate within the period specified by the ECA Facility Agent, (such agreement to
\nbe irrevocable) by providing a confirmation of its agreement substantially in
\nthe form of Schedule 5 (Form of Conversion Confirmation) countersigned by the
\nHead Lessee and the Guarantor, following which the ECA Facility Agent shall
\nadvise the Export Credit Agencies, the ECA Lenders and the Borrower of such
\nFixed Rate and the Conversion will apply.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

The Borrower shall pay all costs and expenses of any Finance Party associated
\nwith the determination and arranging of the Fixed Rate including commissions and
\ncosts of negotiating, drafting and executing all documentation in connection
\nwith the Conversion.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7<\/strong><\/p>\n<\/td>\n

\n

Prepayment and cancellation<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.1<\/strong><\/p>\n<\/td>\n

\n

Mandatory prepayment : illegality<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

An ECA Finance Party or the Borrower shall notify the ECA Facility Agent and
\nif such notice has not been delivered by the Borrower, the Borrower promptly if
\nit becomes aware of an Illegality Event giving details of such Illegality Event
\nand any applicable dates.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

After a notification under Clause 7.1(a) or any other notification from an
\nExport Credit Agency or any other Party pursuant to the Transaction Documents
\nthat an Illegality Event has occurred, and subject to no agreement being reached
\nunder Clause 11 (Mitigation) to mitigate or avoid the relevant circumstance:\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the Borrower shall prepay the ECA Loans in full (or, in the case of paragraph
\n(a) of the definition of “Illegality Event” relating to an ECA Lender, that ECA
\nLender’s Pro Rata Share of the ECA Loans); and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the ECA Commitments of the ECA Lenders (or, in the case of paragraph (i) of
\nthe definition of “Illegality Event” relating to an ECA Lender, that ECA Lender)
\nwill be cancelled immediately.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

The date for prepayment referred to in Clause 7.1(b) will be:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the Payment Date immediately following the completion of the consultation
\nunder Clause 11 (Mitigation); or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 5<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

if earlier, in the case of paragraph (a) of the definition of “Illegality
\nEvent”, the date specified in the notification under Clause 7.1(a) which shall
\nnot be earlier than the last day of any applicable grace period allowed by law.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.2<\/strong><\/p>\n<\/td>\n

\n

Mandatory prepayment : Total Loss<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

If a Total Loss of the Aircraft or the Airframe occurs on or after the
\nDelivery Date, the Borrower shall, as soon as practicable upon becoming aware of
\nsuch Total Loss, notify the ECA Facility Agent of it.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower shall prepay the ECA Loans in full on the date the Head Lessee
\nis required to pay the Final Payment under the Head Lease following the Total
\nLoss.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

The Finance Parties shall apply any Total Loss Proceeds in accordance with
\nthe Proceeds Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.3<\/strong><\/p>\n<\/td>\n

\n

Mandatory prepayment : Head Lease termination<\/strong><\/p>\n

If the leasing of the Aircraft by the Head Lessee under the Head Lease
\nterminates or a notice has been provided under the Head Lease that it will
\nterminate early for any reason (other than as a result of a Total Loss of the
\nAircraft or the Airframe), the Borrower shall:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

immediately notify the ECA Facility Agent of such event; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

pay the ECA Loan Termination Amount in full on the date of such termination.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.4<\/strong><\/p>\n<\/td>\n

\n

Mandatory prepayment : Trigger Event\/Home Country Notice\/Lessee
\nEvent<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

If:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

the Head Lessee has failed to comply with the provisions of clause 10.1.1
\n(First Trigger Event : Security Deposit and Maintenance Reserves) of the All
\nParties Agreement within the period stipulated in clause 10.1.5 (First Trigger
\nEvent) of the All Parties Agreement; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

a Home Country Notice or a US Restriction Notice or both (in each case
\nrelating to the Aircraft) are served on the Head Lessee in accordance with the
\nprovisions of clause 10.4 (Home Country Notice and US Restriction Notice) of the
\nAll Parties Agreement; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

the Head Lessee has failed to comply with the provisions of clause 10.5.2
\n(Lessee Event) of the All Parties Agreement within the period stipulated in that
\nclause,<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

the Security Trustee may by notice to the Borrower require the Borrower to
\nimmediately pay the ECA Loan Termination Amount in full.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.5<\/strong><\/p>\n<\/td>\n

\n

Prepayment if Post-Delivery Modifications not completed within
\nPost-Delivery Modification Period<\/strong><\/p>\n

If any post delivery modifications in respect of the Aircraft are not carried
\nout within the Post- Delivery Modification Period, the Borrower shall, on the
\nfirst Business Day following the expiry of the Post-Delivery Modification
\nPeriod, pay to the Security Trustee the proportion of the ECA Loans relating to
\nsuch post delivery modifications for application in accordance with clause 5
\n(Application of moneys) of the Proceeds Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.6<\/strong><\/p>\n<\/td>\n

\n

Involuntary prepayment<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

If the Borrower is, or will be, required to pay to an ECA Lender:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

a Tax Payment; or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 6<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

an Increased Cost,<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

the Borrower may, if the requirement continues, give at least ten (10)
\nBusiness Days’ irrevocable notice to the ECA Facility Agent requesting
\nprepayment and cancellation in respect of that ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower will only be entitled to serve a notice of prepayment and
\ncancellation pursuant to Clause 7.6(a), if the Head Lessee has requested it to
\ndo so pursuant to and in accordance with clause 14.2(a) (Prepayments under ECA
\nLoan Agreement) of the Head Lease.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

After notification under Clause 7.6(a) the Borrower shall prepay in full that
\nECA Lender’s share in each ECA Loan made to it on the date specified in Clause
\n7.6(d).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

The date for prepayment under this Clause 7.6 of an ECA Lender’s share in a
\nECA Loan will be the date specified by the Borrower in its notice provided under
\nClause 7.6(a).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

7.7<\/strong><\/p>\n<\/td>\n

\n

Voluntary prepayment<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower may, by giving not less than ten (10) Business Days’ prior
\nnotice to the ECA Facility Agent, prepay any ECA Loan on any Payment Date (or
\nfollowing service of a notice on the Guarantor by the Security Trustee pursuant
\nto clause 11.1.1 (Additional Security) of the All Parties Agreement, on any
\nBusiness Day falling within the period between the date such notice is deemed to
\nhave been given in accordance with clause 28.3.1 (Effectiveness) of the All
\nParties Agreement (the Notice Date<\/strong>) and the date falling
\nfifteen (15) Business Days after such Notice Date) in whole or in part, if
\nconcurrently with any such prepayment it prepays:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

a pro rata amount of the other ECA Loans in accordance with this Clause 7;
\nand<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

in the case of a prepayment in part only, a pro rata amount of the Other ECA
\nLoans in accordance with the terms of clause 7 (Prepayment and cancellation) of
\nthe Other ECA Loan Agreements.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower will only be entitled to serve a notice of voluntary prepayment
\nunder this Clause 7.7 if:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

no Significant Default is continuing; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

in the case of a prepayment in full, the Head Lessee has served a notice to
\npurchase the Aircraft in accordance with clause 18 (Option to Purchase) of the
\nHead Lease; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

in the case of a partial prepayment, the Head Lessee has requested it to do
\nso pursuant to clause 14.2(a) (Prepayments under ECA Loan Agreement) of the Head
\nLease.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Any notice provided pursuant to Clause 7.7(a) is irrevocable.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

A prepayment under this Clause 7.7 of part of an ECA Loan shall be in a
\nminimum amount of five million Dollars ($5,000,000) and in an integral multiple
\nof one million Dollars ($1,000,000).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

Any voluntary prepayment shall be applied pro rata against the remaining
\nrepayment instalments of the ECA Loans in inverse order of maturity.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 7<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

7.8<\/strong><\/p>\n<\/td>\n

\n

Automatic cancellation<\/strong><\/p>\n

The undrawn ECA Commitment of each ECA Lender will be automatically cancelled
\non the earlier of:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

close of business on the Availability End Date; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Delivery.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

7.9<\/strong><\/p>\n<\/td>\n

\n

Voluntary cancellation<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower may, if requested by the Head Lessee under clause 14.2(a)
\n(Prepayments under ECA Loan Agreement) of the Head Lease by giving the ECA
\nFacility Agent not less than ten (10) Business Days’ prior notice, cancel all or
\npart of the undrawn ECA Commitments.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Any cancellation of part of the undrawn ECA Commitments shall be in a minimum
\namount of five million Dollars ($5,000,000) and in an integral multiple of one
\nmillion Dollars ($1,000,000).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Any notice pursuant to Clause 7.9(a) is irrevocable. The ECA Facility Agent
\nshall notify the ECA Lenders, promptly of receipt of any such notice.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

Any voluntary cancellation shall be applied pro rata across the ECA
\nCommitments.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

7.10<\/strong><\/p>\n<\/td>\n

\n

Miscellaneous provisions<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

All prepayments under this Agreement shall be made with accrued interest on
\nthe amounts prepaid and any Break Costs.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

No prepayment or cancellation is allowed except in accordance with the
\nexpress terms of this Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

No amount of the ECA Commitments cancelled under this Agreement may be
\nreinstated subsequently.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

No amount of an ECA Loan prepaid under this Agreement may be re-borrowed
\nsubsequently.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

8 <\/strong><\/p>\n

8.1<\/strong><\/p>\n<\/td>\n

\n

Interest <\/strong><\/p>\n

Interest Periods<\/strong><\/p>\n

Subject to Clause 8.4 (Interest on overdue amounts):<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

the first Interest Period will commence on the Delivery Date;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

each subsequent Interest Period will commence on the last day of the
\npreceding Interest Period;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

each Interest Period will end on the next following Payment Date; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

the final Interest Period will end on the earlier to occur of the Termination
\nDate and the Expiry Date.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

8.2<\/strong><\/p>\n<\/td>\n

\n

Calculation of interest<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Subject to Clause 8.2(b), the rate of interest applicable to an ECA Loan for
\nan Interest Period is the percentage rate per annum equal to the aggregate of
\nthe:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 8<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the ECA Applicable Margin in respect of such ECA Loan;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

subject to Clause 9.2 (Market disruption), LIBOR; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the Mandatory Cost, if any.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

At any time following a Conversion, the rate of interest applicable to an ECA
\nLoan for an Interest Period is the percentage rate per annum equal to the
\naggregate of the:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the ECA Applicable Margin in respect of such ECA Loan;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the Fixed Rate; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the Mandatory Cost, if any.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

8.3<\/strong><\/p>\n<\/td>\n

\n

Payment of Interest<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Except where otherwise required in this Agreement, interest shall accrue
\ndaily on the amount of each ECA Loan outstanding from time to time at the
\nrelevant rate calculated in accordance with Clause 8.2 (Calculation of
\ninterest).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower shall pay all interest accrued in accordance with Clause 8.3(a)
\non each Payment Date to the ECA Facility Agent in accordance with Clause 12
\n(Payments).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

8.4<\/strong><\/p>\n<\/td>\n

\n

Interest on overdue amounts<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

If the Borrower fails to pay any amount payable by it under this Agreement or
\nany other Transaction Document to an ECA Finance Party or Export Credit Agency,
\nit shall immediately on demand by the ECA Facility Agent pay interest on the
\noverdue amount from its due date up to the date of actual payment, before, on
\nand after judgment.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Interest on an overdue amount is payable at a rate determined by the ECA
\nFacility Agent to be two per cent (2%) per annum above the rate which would have
\nbeen payable if the overdue amount had, during the period of non-payment,
\nconstituted an ECA Loan in the currency of the overdue amount as determined in
\naccordance with Clause 8.2 (Calculation of interest). For this purpose, the ECA
\nFacility Agent may (acting reasonably):<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

select successive Interest Periods of any duration of up to three (3) months;
\nand<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

determine the appropriate Rate Fixing Date for that Interest Period.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Notwithstanding Clause 8.4(b), if the overdue amount is a principal amount of
\nan ECA Loan and becomes due and payable before the last day of its current
\nInterest Period, then:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the first Interest Period for that overdue amount will be the unexpired
\nportion of that Interest Period; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the rate of interest on the overdue amount for that first Interest Period
\nwill be two per cent (2%) per annum above the rate then payable on that Loan.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

After the expiry of the first Interest Period for that overdue amount, the
\nrate on the overdue amount will be calculated in accordance with Clause 8.4(b).\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

Interest (if unpaid) on an overdue amount will be compounded with that
\noverdue amount at the end of each of its Interest Periods but will remain
\nimmediately due and payable.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 9<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

8.5<\/strong><\/p>\n<\/td>\n

\n

Notification<\/strong><\/p>\n

The ECA Facility Agent shall promptly notify the Borrower, the ECA Lenders
\nand the National Agents of the determination of a rate of interest under this
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

9<\/strong><\/p>\n

9.1<\/strong><\/p>\n<\/td>\n

\n

Market Disruption<\/strong><\/p>\n

Failure of a Reference Bank to supply a rate<\/strong><\/p>\n

If prior to a Conversion, LIBOR is to be calculated by reference to the
\nReference Banks but a Reference Bank does not supply a rate by 12.00 noon on a
\nRate Fixing Date, the applicable LIBOR will, subject to Clause 9.2 (Market
\ndisruption), be calculated on the basis of the rates of the remaining Reference
\nBanks.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

9.2<\/strong><\/p>\n<\/td>\n

\n

Market disruption<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

In this Clause 9.2, each of the following events prior to a Conversion is a
\nMarket<\/strong> Disruption Event<\/strong>:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

LIBOR is to be calculated by reference to the Reference Banks but no, or only
\none (1), Reference Bank supplies a rate by 12.00 noon on the Rate Fixing Date;
\nor<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the ECA Facility Agent receives by 2.00 p.m. on the Rate Fixing Date
\nnotification from ECA Lenders whose shares in the relevant ECA Loan exceed
\nthirty per cent. (30%) of that ECA Loan that the cost to them of obtaining
\nmatching deposits in the relevant interbank market is in excess of LIBOR for the
\nrelevant Interest Period.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall promptly notify the Borrower and the ECA Lenders
\nof a Market Disruption Event whereupon Clause 11 (Mitigation) shall apply.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Following the occurrence of a Market Disruption Event but subject to Clause
\n11 (Mitigation), the rate of interest on the affected ECA Loan for the relevant
\nInterest Period will be the aggregate of the relevant:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the ECA Applicable Margin;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the rate notified to the ECA Facility Agent by that ECA Lender as soon as
\npracticable, and in any event before interest is due to be paid in respect of
\nthat Interest Period, to be that which expresses as a percentage rate per annum
\nthe cost to that ECA Lender (as approved by the relevant National Agent) of
\nfunding its share in that ECA Loan from whatever source it may reasonably
\nselect; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the Mandatory Cost, if any.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

10<\/strong><\/p>\n

10.1<\/strong><\/p>\n<\/td>\n

\n

Increased Costs<\/strong><\/p>\n

Increased Costs<\/strong><\/p>\n

Except as provided in this Clause 10, the Borrower shall within three (3)
\nBusiness Days of a demand by the ECA Facility Agent, pay for the account of an
\nECA Finance Party the amount of any Increased Cost incurred by that ECA Finance
\nParty or any of its Holding Companies as a result of any Change in Law.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 10<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

10.2<\/strong><\/p>\n<\/td>\n

\n

Exceptions<\/strong><\/p>\n

The Borrower need not make any payment for an Increased Cost to the extent
\nthat the Increased Cost is:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

compensated for under another provision of the Transaction Documents or would
\nhave been but for an exception to that provision;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

attributable to an ECA Finance Party or any of its Holding Companies wilfully
\nfailing to comply with any Applicable Law or regulation; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

[attributable to the implementation or application of or compliance with the
\n“International Convergence of Capital Measurement and Capital Standards, a
\nRevised Framework” published by the Basel Committee on Banking Supervision in
\nJune 2004 in the form existing on the date of this Agreement (Basel II) or any
\nother law or regulation which implements Basel II (whether such implementation,
\napplication or compliance is by a Government Entity, Finance Party or any of its
\nAffiliates)]2 <\/sup>.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

10.3<\/strong><\/p>\n<\/td>\n

\n

Claims<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

An ECA Finance Party intending to make a claim for an Increased Cost shall
\nnotify the ECA Facility Agent of the circumstances giving rise to and the amount
\nof the claim, following which the ECA Facility Agent will promptly notify the
\nBorrower.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Each affected ECA Finance Party shall, as soon as practicable after a demand
\nby the ECA Facility Agent, provide a certificate confirming the amount of its
\nIncreased Cost.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

11<\/strong><\/p>\n<\/td>\n

\n

Mitigation<\/strong><\/p>\n

If a notice is provided under Clause 7.1(a) (Mandatory prepayment :
\nillegality), Clause 9.2 (Market disruption or Clause 10.1 (Increased Costs), the
\nprovisions of clause 19 (Mitigation) of the All Parties Agreement shall apply as
\nto mitigation.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

12<\/strong><\/p>\n<\/td>\n

\n

Payments<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

12.1<\/strong><\/p>\n<\/td>\n

\n

Place<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Except where it is provided to the contrary in a Transaction Document, the
\nBorrower shall pay all amounts for the account of the ECA Finance Parties to the
\nECA Facility Agent to its account specified in or in accordance with clause 22.1
\n(Payment directions) of the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The ECA Facility Agent will pay amounts received for the account of:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the British Lenders, to the British National Agent;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the French Lenders, to the French National Agent; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the German Lenders, to the German National Agent;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

and (subject to clause 5.5 (Distribution by National Agents) of the Proceeds
\nAgreement) upon receipt of such amounts:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

2 <\/sup>to be included on a case by case basis following discussions
\nbetween the ECA Facility Agent and the Head Lessee<\/p>\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 11<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(A)<\/p>\n<\/td>\n

\n

the British National Agent shall pay the relevant amounts pro rata (or as
\napplicable) to the British Lenders;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(B)<\/p>\n<\/td>\n

\n

the French National Agent shall pay the relevant amounts pro rata (or as
\napplicable) to the French Lenders; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(C)<\/p>\n<\/td>\n

\n

the German National Agent shall pay the relevant amounts pro rata (or as
\napplicable) to the German Lenders.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

All payments by a Party under this Agreement to:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the British National Agent shall be made to its account at ABN AMRO, New York
\n(SWIFT: ABNAUS33) for the account of ABN AMRO Bank N.V. London (ABNAGB2L) and
\naccount number 661001036741 with reference “Agency Europe – re: CIT” or to such
\nother account as it may notify to that Party for this purpose by not less than
\nfive (5) Business Days’ prior notice;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the French National Agent shall be made to its account at ABN AMRO, New York
\n(SWIFT: ABNAUS33) for the account of ABN AMRO Bank N.V. London (ABNAGB2L) and
\naccount number 661001036741 with reference “Agency Europe – re: CIT” or to such
\nother account as it may notify to that Party for this purpose by not less than
\nfive (5) Business Days’ prior notice; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

the German National Agent shall be made to its account at ABN AMRO, New York
\n(SWIFT: ABNAUS33) for the account of ABN AMRO Bank N.V. London (ABNAGB2L) and
\naccount number 661001036741 with reference “Agency Europe – re: CIT” or to such
\nother account as it may notify to that Party for this purpose by not less than
\nfive (5) Business Days’ prior notice.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

12.2<\/strong><\/p>\n<\/td>\n

\n

Funds<\/strong><\/p>\n

Payments under the Transaction Documents to an ECA Administrative Party shall
\nbe made for value on the due date by no later than 4.30 p.m. in New York (in the
\ncase of any payment in Dollars) and otherwise at such times and in such funds as
\nan ECA Administrative Party may specify to the Party concerned as being
\ncustomary at the time for the settlement of transactions in that currency in the
\nplace for payment.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

13<\/strong><\/p>\n<\/td>\n

\n

Information Covenants<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

13.1<\/strong><\/p>\n<\/td>\n

\n

Provision of information<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

The Borrower shall:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

immediately upon becoming aware of its occurrence, inform the ECA Facility
\nAgent of any circumstances likely to interfere with the due performance of its
\nobligations under the Borrower Documents or of any Default;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

provide such financial or other information concerning itself as the ECA
\nFacility Agent, the Security Trustee or any ECA Lender (through the ECA Facility
\nAgent) may from time to time reasonably request;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

promptly upon becoming aware of its occurrence, inform the ECA Facility Agent
\nof the details of any litigation, arbitration or administrative proceedings
\nwhich are current, threatened or pending against the Borrower; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

provide the ECA Facility Agent with copies of all documents, requests,
\nnotices or correspondence (other than those of a purely administrative nature or
\nalready copied to and received by the ECA Facility Agent) given or received by
\nthe Borrower under the Transaction Documents.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 12<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

13.2<\/strong><\/p>\n<\/td>\n

\n

Know your customer checks<\/strong><\/p>\n

The Borrower shall promptly upon the request of an ECA Administrative Party
\nsupply any documentation and other evidence which is reasonably requested by any
\nECA Administrative Party to carry out and be satisfied with the results of all
\napplicable “know your customer” requirements.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

13.3<\/strong><\/p>\n<\/td>\n

\n

Financial statements<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower shall supply to the ECA Facility Agent copies in sufficient
\nnumbers for all the ECA Finance Parties certified by a duly authorised officer
\nof the Borrower of its financial statements for each of its financial years
\naudited and prepared, if requested, in accordance with internationally and
\ngenerally accepted accounting principles and practices consistently applied.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

All such financial statements shall be supplied as soon as they are available
\nand in any event, within one hundred and eighty (180) days of the end of the
\nrelevant financial period.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

14<\/strong><\/p>\n

14.1<\/strong><\/p>\n<\/td>\n

\n

Default<\/strong><\/p>\n

ECA Events of Default<\/strong><\/p>\n

Each of the events or circumstances set out in Clauses 14.2 to 14.13 is an
\nECA Event of Default.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

14.2<\/strong><\/p>\n<\/td>\n

\n

Non-payment<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower does not pay on the due date any amount of principal or interest
\npayable by it under the Borrower Documents in the manner required by the
\nBorrower Documents unless the non-payment is remedied within five (5) Business
\nDays of the due date.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower does not pay on the due date any other amount payable by it
\nunder the Borrower Documents in the manner required by the Borrower Documents
\nunless the non-payment is remedied within ten (10) Business Days of the due
\ndate.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

14.3<\/strong><\/p>\n<\/td>\n

\n

Breach of other obligations<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower does not comply with any of its obligations under clauses 6.5
\n(Negative Pledge), 6.9 (Preservation of Transaction Documents) and 6.10
\n(Preservation of Security) of the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower does not comply with any of its obligations under the Borrower
\nDocuments not specifically expressly referred to elsewhere in this Clause 14,
\nunless the non-compliance:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

in the opinion of the ECA Facility Agent, is capable of remedy; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

is remedied to the satisfaction of the ECA Facility Agent within thirty (30)
\ndays of the earlier of the ECA Facility Agent giving notice to the Borrower to
\nremedy such non-compliance and the Borrower becoming aware of the
\nnon-compliance.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

14.4<\/strong><\/p>\n<\/td>\n

\n

Misrepresentation<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Subject to Clause 14.4(b), a representation, warranty or statement made or
\nrepeated by the Borrower in any Borrower Document or in any document delivered
\nby or on behalf of the Borrower under any Borrower Document is incorrect or
\nmisleading in any<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 13<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

material respect when made or deemed to be repeated, unless the circumstances
\ngiving rise to the misrepresentation:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

in the opinion of the ECA Facility Agent, are capable of remedy; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

are remedied to the satisfaction of the ECA Facility Agent within thirty (30)
\ndays of the earlier of the ECA Facility Agent giving notice to the Borrower to
\nremedy such non-compliance and the Borrower becoming aware of the
\nmisrepresentation.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Clause 14.4(a) shall not apply to:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

any Non-Repeating Borrower Representation which is deemed repeated pursuant
\nto clause 5.18.2 (Times for making representations) of the All Parties
\nAgreement; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

any Borrower Illegality Representation which is deemed repeated pursuant to
\nclause 5.18.2 or 5.18.3 (Times for making representations) of the All Parties
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

14.5<\/strong><\/p>\n<\/td>\n

\n

Insolvency<\/strong><\/p>\n

Any of the following occurs in respect of the Borrower:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

it is, or is deemed for the purposes of any Applicable Law to which it is
\nsubject to be, unable to pay its debts as they fall due or it is insolvent;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

it admits its inability to pay its debts as they fall due;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

it suspends making payments on any of its debts or announces an intention to
\ndo so;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

by reason of actual or anticipated financial difficulties, it begins
\nnegotiations with any creditor for the rescheduling or restructuring of any of
\nits indebtedness;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

the value of its assets is less than its liabilities (taking into account
\ncontingent and prospective liabilities);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(f)<\/p>\n<\/td>\n

\n

a moratorium is declared in respect of any of its indebtedness; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(g)<\/p>\n<\/td>\n

\n

any similar local law process not described in Clauses 14.5(a) to (f).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

14.6<\/strong><\/p>\n<\/td>\n

\n

Insolvency proceedings<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Except as provided in Clause 14.6(b), any of the following occurs in respect
\nof the Borrower:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

any step is taken with a view to a moratorium or a composition, assignment or
\nsimilar arrangement with its creditors of any class of them;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

a meeting of its shareholders, directors or other officers is convened for
\nthe purpose of considering any resolution for, petitioning for or filing
\ndocuments with a court or any registrar for, its winding-up, administration,
\nexaminership, or dissolution or any such resolution is passed;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

any person presents a petition, or files documents with a court or any
\nregistrar, for its winding-up, administration, examinership, dissolution or
\nreorganisation (by way of voluntary arrangement, scheme of arrangement or
\notherwise);<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 14<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iv)<\/p>\n<\/td>\n

\n

an order for its winding-up, administration, examinership or dissolution is
\nmade;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(v)<\/p>\n<\/td>\n

\n

any liquidator, trustee in bankruptcy, judicial custodian, compulsory
\nmanager, receiver, administrative receiver, administrator, examiner or similar
\nofficer is appointed in respect of it or any of its assets;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(vi)<\/p>\n<\/td>\n

\n

its shareholders, directors or other officers request the appointment of, or
\ngive notice of their intention to appoint, a liquidator, trustee in bankruptcy,
\njudicial custodian, compulsory manager, receiver, administrative receiver,
\nadministrator, examiner or similar officer; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(vii)<\/p>\n<\/td>\n

\n

any other analogous step or procedure is taken in any jurisdiction.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Clause 14.6(a) does not apply to a petition for winding-up presented by a
\ncreditor which is being contested in good faith and with due diligence and is
\ndischarged or struck out within ten (10) Business Days.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.7<\/strong><\/p>\n<\/td>\n

\n

Creditors’ process<\/strong><\/p>\n

Any expropriation, attachment, sequestration, distress, execution or
\nanalogous event affects all or a substantial part of the assets of the Borrower
\nand is not discharged within ten (10) Business Days.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.8<\/strong><\/p>\n<\/td>\n

\n

Authorisations<\/strong><\/p>\n

Any authorisation required in connection with the Borrower Documents or to
\nenable the Borrower to perform its obligations under any of the Borrower
\nDocuments or to own the Aircraft;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

is not obtained or effected by the time it is required;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

is revoked or cancelled or otherwise ceases to be in full force and effect;\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

is not renewed when due; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

is varied or renewed on revised terms and the consequences of this is or is
\nlikely to be:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

to prevent the Borrower from performing its obligations under the Borrower
\nDocuments; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

to limit the rights of the Finance Parties under the Borrower Documents.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.9<\/strong><\/p>\n<\/td>\n

\n

Revocation<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Borrower contests its obligations or liabilities under any Borrower
\nDocuments or otherwise repudiates or threatens to repudiate any of the Borrower
\nDocuments.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Borrower challenges the existence, validity, enforceability or priority
\nof the rights of the Finance Parties under any of the Security Documents.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.10<\/strong><\/p>\n<\/td>\n

\n

Cessation of business<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

The Borrower ceases, or threatens to cease, to carry on business.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.11<\/strong><\/p>\n<\/td>\n

\n

Head Lease default<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

A Head Lease Event of Default is continuing.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 15<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.12<\/strong><\/p>\n<\/td>\n

\n

Cross-default<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

An event of default (however defined) occurs under any Other Transaction
\nDocument (other than any Other Lease); or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

An event of default (however defined) occurs in respect of any Other ECA
\nIndebtedness.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.13<\/strong><\/p>\n<\/td>\n

\n

Deemed ECA Event of Default<\/strong><\/p>\n

An ECA Event of Default is deemed to have occurred pursuant to clause 2.7.2
\n(Waiver) of the All Parties Agreement or any other Borrower Document.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

14.14<\/strong><\/p>\n<\/td>\n

\n

Acceleration<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

If an ECA Event of Default is continuing, the ECA Facility Agent may (without
\nprejudice to any other rights of the Relevant parties under the Transaction
\nDocuments or at law) by notice to the Borrower:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

cancel all or any part of the Total ECA Commitments; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

declare that all or part of any amounts outstanding under this Agreement are:\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

(aa)<\/p>\n<\/td>\n

\n

immediately due and payable; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

(bb)<\/p>\n<\/td>\n

\n

payable on demand by the ECA Facility Agent.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

Any notice given under this Clause 14.14(a) will take effect in accordance
\nwith its terms.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Without prejudice to its rights under the other Transaction Documents, upon
\nits receipt of a notice pursuant to Clause 14.14(a), the Security Trustee may
\nexercise its rights pursuant to the Security Documents.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

15<\/strong><\/p>\n<\/td>\n

\n

Security and Recourse<\/strong><\/p>\n

The Finance Parties agree that their recourse against the Borrower under this
\nAgreement is limited in accordance with the provisions of clause 13 (Security
\nand recourse) of the All Parties Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

16<\/strong><\/p>\n<\/td>\n

\n

Changes to the Parties<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

16.1<\/strong><\/p>\n<\/td>\n

\n

Assignments and transfers by ECA Lenders<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

An ECA Lender (the Existing ECA Lender<\/strong>) may, at its cost, at
\nany time assign or transfer all or part of its rights and obligations under this
\nAgreement and the other Transaction Documents to which it is a party in
\naccordance with this Clause 16 and clause 18 (Changes to the Parties or Facility
\nOffice) of the All Parties Agreement to another person (such person being the
\nNew ECA Lender<\/strong>).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The ECA Facility Agent is not obliged to execute a Transfer Certificate or
\notherwise give effect to an assignment or transfer until it has completed all
\nknow your customer requirements to its satisfaction. The ECA Facility Agent
\nshall promptly notify the Existing ECA Lender and the New ECA Lender if there
\nare any such requirements.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

A transfer of obligations by an ECA Lender will be effective only if either:\n<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 16<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the obligations are novated in accordance with the following provisions of
\nthis Clause 16 and clause 18 (Changes to the Parties or Facility Office) of the
\nAll Parties Agreement; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the New ECA Lender confirms to the ECA Facility Agent and the Borrower in
\nform and substance satisfactory to the ECA Facility Agent that it is bound by
\nthe terms of the Transaction Documents as an ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(d)<\/p>\n<\/td>\n

\n

On the transfer of obligations by an ECA Lender becoming effective:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the Borrower and the Existing ECA Lender shall each be released from further
\nobligations to each other under the Transaction Documents and their respective
\nrights against each other shall be cancelled in each case to the extent of such
\ntransfer (such rights and obligations being referred to in this Clause 16.1(d)
\nas Discharged Rights and Obligations<\/strong>);<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the Borrower and the New ECA Lender shall each assume obligations towards
\neach other or acquire rights against each other which differ from the Discharged
\nRights and Obligations only insofar as the Borrower and the New ECA Lender have
\nassumed or acquired the same in place of the Borrower and the Existing ECA
\nLender;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

each of the Parties and the New ECA Lender shall acquire the same rights and
\nassume the same obligations among themselves as they would have acquired and
\nassumed had the New ECA Lender been a party to this Agreement and the other
\nTransaction Documents to which the Existing ECA Lender is party as an ECA Lender
\nwith the rights or obligations acquired or assumed by it as a result of the
\ntransfer; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(iv)<\/p>\n<\/td>\n

\n

a proportion of the Existing ECA Lender’s rights under the Security
\nDocuments, equal to the proportion of the Existing ECA Lender’s rights under the
\nTransaction Documents being transferred, shall automatically be transferred to
\nthe New ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(e)<\/p>\n<\/td>\n

\n

Unless the ECA Facility Agent otherwise agrees, the New ECA Lender shall pay
\nto the ECA Facility Agent for its own account, on or before the date any
\nassignment or transfer occurs, a fee of $2,500 unless the New ECA Lender is an
\nExport Credit Agency or such assignment or transfer is made at the request of an
\nExport Credit Agency.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(f)<\/p>\n<\/td>\n

\n

The New ECA Lender shall pay to each Export Credit Agency on or before the
\ndate any assignment of transfer occurs and for its own account, a fee as
\ndetermined by such Export Credit Agency from time to time plus any costs and
\nexpenses incurred by that Export Credit Agency as a result of such assignment or
\ntransfer.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

(g)<\/p>\n<\/td>\n

\n

No Conduit Lender shall be permitted to assign its rights and benefits
\nhereunder, or any part thereof, to another Conduit Lender unless and until:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

such Conduit Lender has offered for sale all of its rights and benefits
\nhereunder (the Relevant Interest<\/strong>) to ABN AMRO Bank N.V. under
\nthe terms of the documentation relating to, in the case of SovRisc, the
\nSecuritisation Programme or, in the case of any other Conduit Lender, the
\nrelevant securitisation programme and ABN AMRO Bank N.V. does not (i) exercise
\nany right of first refusal it may have to buy such Relevant Interest or (ii)
\nprovide a redemption facility in respect of the relevant debt securities; or\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

ABN AMRO Bank N.V. is in breach of any of the representations and warranties
\ngiven by it under the terms of the documentation relating to, in the case of
\nSovRisc, the Securitisation Programme or, in the case of any other Conduit
\nLender, the relevant securitisation programme and ABN AMRO Bank<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 17<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

N.V. fails to fulfil its obligation to repurchase the “Relevant Interest” as
\ndefined in and in accordance with that documentation.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(h)<\/p>\n<\/td>\n

\n

No ECA Lender shall be permitted to assign its rights and benefits hereunder,
\nor any part thereof, to any Conduit Lender unless such assignment expressly
\nexcludes that ECA Lender’s rights under any provision of this Agreement or any
\nother Transaction Document to receive financial or other information in respect
\nof the Borrower and the Head Lessee.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

A Conduit Lender may only assign all of its Relevant Interest, and not only
\nany part thereof.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

16.2<\/strong><\/p>\n<\/td>\n

\n

Procedure for transfer by way of novations<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

In this Clause 16.2:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

Transfer Date <\/strong>means, for a Transfer Certificate, the later
\nof:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the proposed transfer date specified in that Transfer Certificate; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the date on which all relevant Parties have executed that Transfer
\nCertificate.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

A novation is effected if:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the Existing ECA Lender and the New ECA Lender deliver to the ECA Facility
\nAgent a duly completed Transfer Certificate; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the ECA Facility Agent executes it.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

The ECA Facility Agent shall execute as soon as reasonably practicable a
\nTransfer Certificate delivered to it and which appears on its face to be in
\norder.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Each Party to this Agreement (other than the Existing ECA Lender and the New
\nECA Lender) irrevocably authorises the ECA Facility Agent to execute any duly
\ncompleted Transfer Certificate on its behalf.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall, as soon as reasonably practicable after it has
\nexecuted a Transfer Certificate, send to the Borrower a copy of that Transfer
\nCertificate.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

16.3<\/strong><\/p>\n<\/td>\n

\n

Procedure for assignment<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Subject to the provisions of this Clause 16, an Existing ECA Lender may
\neffect an assignment of any or all of its rights and benefits hereunder by:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

entering into an assignment agreement in a form agreed between that Existing
\nECA Lender and the New ECA Lender; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

serving an Assignment Notice on the Facility Agent,<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

following which the New Lender shall be deemed by all parties hereto and for
\nall purposes to be a party to this Agreement as an ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Following receipt of any Assignment Notice, the ECA Facility Agent shall
\npromptly provide a copy of it to the Borrower, the Head Lessee and any other ECA
\nLenders in the New ECA Lender’s national syndicate. Failure to comply with this
\nprovision will not invalidate the effect of Clause 16.3(a).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 18<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

16.4<\/strong><\/p>\n<\/td>\n

\n

Limitation of responsibility of Existing ECA Lender<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Unless expressly agreed to the contrary, an Existing ECA Lender makes no
\nrepresentation or warranty and assumes no responsibility to a New ECA Lender
\nfor:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the financial condition of the Borrower, the Head Lessee, the Guarantor or
\nany other party to the Transaction Documents; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the legality, validity, adequacy, accuracy, completeness or performance of:\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

(aa)<\/p>\n<\/td>\n

\n

any Transaction Document or any other document;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

(bb)<\/p>\n<\/td>\n

\n

any statement or information (whether written or oral) made in or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

supplied in connection with any Transaction Document; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

(cc)<\/p>\n<\/td>\n

\n

any observance by the Borrower, the Head Lessee, the Guarantor or any other
\nParty to the Transaction Documents of its obligations under any Transaction
\nDocument or any other document,<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

and any representations or warranties implied by law, to the extent legally
\npossible, are excluded.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Each New ECA Lender shall be deemed on the Transfer Date or other date on
\nwhich the transfer becomes effective to confirm to the Existing ECA Lender and
\nthe other Finance Parties that it:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

has made, and will continue to make, its own independent appraisal of all
\nrisks arising under or in connection with the Transaction Documents (including
\nthe financial condition and affairs of the Borrower, the Head Lessee, the
\nGuarantor or any other party to the Transaction Documents and their respective
\nAffiliates and the nature and extent of any recourse against any Party or its
\nassets) in connection with its participation in the Transaction Documents; and\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

has not relied exclusively on any information supplied to it by the Existing
\nECA Lender (or any other Finance Party) in connection with any Transaction
\nDocument.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Nothing in any Transaction Document requires an Existing ECA Lender to:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

accept a re-transfer from a New ECA Lender of any of the rights and
\nobligations assigned or transferred under this Clause 16; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

support any Losses or Management Time Expenses incurred by the New ECA Lender
\nby reason of the non-performance by the Borrower, the Head Lessee, the Guarantor
\nor any other Party to the Transaction Documents of its obligations under any
\nTransaction Document or otherwise.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

16.5<\/strong><\/p>\n<\/td>\n

\n

Costs resulting from change of ECA Lender or Facility Office<\/strong>\n<\/p>\n

If:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

an ECA Lender assigns or transfers any of its rights and obligations under
\nthe Transaction Documents or changes its Facility Office; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

as a result of circumstances existing at the date the assignment, transfer or
\nchange occurs, the Borrower would be obliged to pay a Tax Payment or an
\nIncreased Cost or an increase in either of them,<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 19<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

then, unless the assignment, transfer or change is (i) required to be made by
\nany Applicable Law, (ii) made to mitigate any circumstances giving rise to the
\nTax Payment, Increased Cost or right to be prepaid or cancelled by reason of an
\nIllegality Event, (iii) made at the request or direction of an Export Credit
\nAgency or (iv) made following the occurrence of an Event of Default or an
\nIncipient Default, the Borrower need only pay that Tax Payment or Increased Cost
\nto the same extent that it would have been obliged to if no assignment, transfer
\nor change had occurred.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

16.6<\/strong><\/p>\n<\/td>\n

\n

ECA Administrative Parties<\/strong><\/p>\n

An ECA Administrative Party may resign or transfer its rights or obligations
\nhereunder only in accordance with the Proceeds Agreement and the All Parties
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

17<\/strong><\/p>\n

17.1<\/strong><\/p>\n<\/td>\n

\n

Pro Rata Sharing<\/strong><\/p>\n

Redistribution<\/strong><\/p>\n

Subject to the Proceeds Agreement, if any amount owing by the Borrower under
\nthis Agreement to an ECA Lender (the recovering ECA Lender<\/strong>) is
\ndischarged by payment, set-off or any other manner other than through the ECA
\nFacility Agent or its respective National Agent under this Agreement (a
\nrecovery<\/strong>), then:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

the recovering ECA Lender shall, within three (3) Business Days of the
\nrecovery, supply details of the recovery to the ECA Facility Agent;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

the ECA Facility Agent shall calculate whether the recovery is in excess of
\nthe amount which the recovering ECA Lender would have received if the recovery
\nhad been received or made by the ECA Facility Agent and distributed through the
\nECA Facility Agent and through such recovering ECA Lender’s National Agent under
\nthis Agreement and the Proceeds Agreement; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

the recovering ECA Lender shall pay to the ECA Facility Agent an amount equal
\nto the excess (the redistribution<\/strong>).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

17.2<\/strong><\/p>\n<\/td>\n

\n

Effect of redistribution<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall treat a redistribution as if it were a payment
\nby the Borrower under this Agreement and distribute it accordingly among the ECA
\nLenders, other than the recovering ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

When the ECA Facility Agent makes a distribution under Clause 17.2(a), the
\nrecovering ECA Lender will be subrogated to the rights of the Finance Parties
\nwhich have shared in that redistribution.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

If and to the extent that the recovering ECA Lender is not able to rely on
\nany rights of subrogation under Clause 17.2(b), the Borrower will owe the
\nrecovering ECA Lender a debt which is equal to the redistribution, immediately
\npayable and of the type originally discharged.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

If:<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

a recovering ECA Lender shall subsequently return a recovery, or an amount
\nmeasured by reference to a recovery, to the Borrower; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the recovering ECA Lender has paid a redistribution in relation to that
\nrecovery,<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

each ECA Finance Party shall reimburse the recovering ECA Lender all or the
\nappropriate portion of the redistribution paid to that ECA Finance Party,
\ntogether with<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 20<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

interest for the period while it held the redistribution. In this event, the
\nsubrogation in Clause 17.2(b) will operate in reverse to the extent of the
\nreimbursement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

17.3<\/strong><\/p>\n<\/td>\n

\n

Exceptions<\/strong><\/p>\n

Notwithstanding any other term of this Clause 17, a recovering ECA Lender
\nneed not pay a redistribution to the extent that:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

it would not, after the payment, have a valid claim against the Borrower in
\nthe amount of the redistribution; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

it would be sharing with another ECA Finance Party any amount which the
\nrecovering ECA Lender has received or recovered as a result of legal or
\narbitration proceedings, where:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the recovering ECA Lender notified the ECA Facility Agent of those
\nproceedings; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the other ECA Finance Party had an opportunity to participate in those
\nproceedings but did not do so or did not take separate legal or arbitration
\nproceedings as soon as reasonably practicable after receiving notice of them.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

18<\/strong><\/p>\n<\/td>\n

\n

Governing Law<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

This Agreement is governed by English law.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

19<\/strong><\/p>\n<\/td>\n

\n

Dispute Resolution<\/strong><\/p>\n

The provisions of clause 32 (Dispute resolution) of the All Parties Agreement
\nshall apply insofar as it relates to any dispute between the Borrower and the
\nFinance Parties as if set out in this Agreement, mutatis mutandis.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

20<\/strong><\/p>\n<\/td>\n

\n

Counterparts<\/strong><\/p>\n

This Agreement may be executed in any number of counterparts. This has the
\nsame effect as if the signatures on the counterparts were on a single copy of
\nthis Agreement.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

This Agreement has been entered into on the date stated at the beginning of
\nthis Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 21<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule 1 – ECA Lenders<\/strong><\/p>\n

Part 1: Original French Lender<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

French Lender<\/strong><\/p>\n<\/td>\n

\n

French Commitments<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

ABN AMRO BANK N.V., Paris branch<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Total French Commitments<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 22<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Part 2: Original German Lender<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

German Lender<\/strong><\/p>\n<\/td>\n

\n

German Commitments<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

ABN AMRO BANK N.V., Paris branch<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Total German Commitments<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 23<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Part 3: Original British Lender<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

British Lender<\/strong><\/p>\n<\/td>\n

\n

British Commitments<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

ABN AMRO BANK N.V., Paris branch<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Total British Commitments<\/strong><\/p>\n<\/td>\n

\n

**<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 24<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule 2 : Repayments<\/strong><\/p>\n

Part 1 : French Loan Repayments<\/strong><\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 25<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Part 2 : German Loan Repayments<\/strong><\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 26<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Part 3 : British Loan Repayments<\/strong><\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 27<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule 3 : Calculation of the Mandatory Cost<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

1<\/strong><\/p>\n<\/td>\n

\n

General<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The Mandatory Cost is to compensate an ECA Lender for the cost of compliance
\nwith:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the requirements of the Bank of England or the Financial Services Authority
\n(or, in either case, any other authority which replaces any of its functions);
\nor<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

the requirements of the European Central Bank.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

The Mandatory Cost is expressed as a percentage rate per annum.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

The Mandatory Cost is the weighted average (weighted in proportion to the
\npercentage share of each ECA Lender in the relevant ECA Loan) of the rates for
\nthe ECA Lenders calculated by the ECA Facility Agent in accordance with this
\nSchedule on the first day of an Interest Period (or as soon as possible after
\nthen).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall distribute each amount of Mandatory Cost among
\nthe ECA Lenders on the basis of the rate for each ECA Lender.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

2<\/strong><\/p>\n<\/td>\n

\n

For an ECA Lender lending from a Facility Office in the U.K. (primarily each
\nBritish Lender)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The relevant rate for an ECA Lender lending from a Facility Office in the
\nU.K. is calculated in accordance with the following formula:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

E x <\/em>0.01<\/p>\n

\n<\/p>\n

<\/p>\n

300<\/p>\n<\/td>\n

\n

per cent<\/em>. per annum<\/em><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

where on the day of application of the formula, E is calculated by the ECA
\nFacility Agent as being the average of the rates of charge under the fees rules
\nsupplied by the Reference Banks to the ECA Facility Agent under paragraph 2(d)
\nbelow and expressed in pounds per 1 million.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

For the purposes of this paragraph 2:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

fees rules <\/strong>means the then current rules on periodic fees in
\nthe Supervision Manual of the FSA Handbook or any other Applicable Law for the
\npayment of fees for the acceptance of deposits;<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

fee tariffs <\/strong>means the fee tariffs specified in the fees
\nrules under fee-block Category A1 (Deposit acceptors) (ignoring any minimum fee
\nor zero rated fee required pursuant to the fees rules but applying any
\napplicable discount rate); and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

tariff base <\/strong>has the meaning given to it in, and will be
\ncalculated in accordance with, the fees rules.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Each rate calculated in accordance with the formula is, if necessary, rounded
\nupward to four (4) decimal places.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

The ECA Facility Agent shall use reasonable endeavours to obtain from each
\nReference Bank, as soon as practicable after publication by the Financial
\nServices Authority, the rate of charge payable by that Reference Bank to the
\nFinancial Services Authority under the fees rules for that financial year of the
\nFinancial Services Authority (calculated by that Reference Bank as being the
\naverage of the fee tariffs applicable to that Reference Bank for that financial
\nyear) and expressed in pounds per 1 million of the tariff base of that
\nReference Bank.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

Page 28<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

Each ECA Lender shall promptly supply to the ECA Facility Agent the
\ninformation required by it to make a calculation of the rate for that ECA
\nLender. In particular, each ECA Lender shall supply the following information on
\nor prior to the date on which it becomes an ECA Lender:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

the jurisdiction of its Facility Office; and<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

any other information that the ECA Facility Agent reasonably requires for
\nthat purpose.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

Each ECA Lender shall promptly notify the ECA Facility Agent of any change to
\nthe information supplied to it under this paragraph (e).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(f)<\/p>\n<\/td>\n

\n

The rates of charge of each Reference Bank for the purpose of paragraph 2(d)
\nabove are determined by the ECA Facility Agent based upon the information
\nsupplied to it under paragraphs 2(d) and (e) above. Unless an ECA Lender
\nnotifies the ECA Facility Agent to the contrary, the ECA Facility Agent may
\nassume that the ECA Lender’s obligations in respect of cash ratio deposits and
\nspecial deposits are the same as those of a typical bank from its jurisdiction
\nof incorporation with a Facility Office in the U.K.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(g)<\/p>\n<\/td>\n

\n

The ECA Facility Agent has no liability to any Party if its calculation over-
\nor under-compensates any ECA Lender. The ECA Facility Agent is entitled to
\nassume that the information provided by any ECA Lender or Reference Bank under
\nthis Schedule 3 is true and correct in all respects.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

3<\/strong><\/p>\n<\/td>\n

\n

For an ECA Lender lending from a Facility Office in a Participating Member
\nState<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The relevant rate for an ECA Lender lending from a Facility Office in a
\nParticipating Member State is the percentage rate per annum notified by that ECA
\nLender to the ECA Facility Agent. This percentage rate per annum shall be
\ncertified by that ECA Lender in its notice to the ECA Facility Agent as its
\nreasonable determination of the cost (expressed as a percentage of that ECA
\nLender’s share in all ECA Loans made from that Facility Office) of complying
\nwith the minimum reserve requirements of the European Central Bank in respect of
\nECA Loans made from that Facility Office.<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

If an ECA Lender fails to specify a rate under paragraph 3(a) above, the ECA
\nFacility Agent will assume that the ECA Lender has not incurred any such cost.\n<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n

4<\/strong><\/p>\n<\/td>\n

\n

Changes<\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

The ECA Facility Agent may, after consultation with the Borrower and the ECA
\nLenders, determine and notify all the Parties of any amendment to this Schedule
\n3 which is required to reflect:<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

any change in law or regulation; or<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

any requirement imposed by the Bank of England, the Financial Services
\nAuthority or the European Central Bank (or, in any case, any successor
\nauthority).<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

If the ECA Facility Agent, after consultation with the Borrower, determines
\nthat the Mandatory Cost for an ECA Lender lending from a Facility Office in the
\nU.K. can be calculated by reference to a screen, the ECA Facility Agent may
\nnotify all the Parties of any amendment to this Agreement which is required to
\nreflect this.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 29<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule 4 : Form of Assignment Notice<\/strong><\/p>\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

To:<\/p>\n<\/td>\n

\n

ABN AMRO Bank N.V., London branch, in its capacity as ECA Facility Agent<\/p>\n<\/td>\n<\/tr>\n

\n

Date:<\/p>\n<\/td>\n

\n

[** ]<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Assignment Notice : msn ** <\/strong><\/p>\n

[Assignee<\/em>] (the New ECA Lender<\/strong>) hereby gives notice
\nthat on [date of assignment<\/em>] [Existing ECA Lender<\/em>] assigned
\nits rights, benefit and interests under and in the ECA loan agreement (the
\nECA Loan Agreement<\/strong>) dated ** among, inter alios, Madeleine
\nLeasing Limited and the Facility Agent relating to [all][** per cent. (** %)] of
\nits portion of the [British][French][German] Loan to the New ECA Lender in
\naccordance with the provisions of clause 16 of the ECA Loan Agreement.<\/p>\n\n\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

for and on behalf of<\/p>\n<\/td>\n<\/tr>\n

\n

[New ECA Lender<\/em><\/strong>]<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Administrative Details of New ECA Lender:<\/strong><\/p>\n

Address:
\nContact Name:
\nAccount for Payments:
\nFax:
\nTelephone:<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 30<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule 5 : Form of Conversion Confirmation<\/strong><\/p>\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

To:<\/p>\n<\/td>\n

\n

ABN AMRO Bank N.V., London branch, in its capacity as ECA Facility Agent<\/p>\n<\/td>\n<\/tr>\n

\n

Date:<\/p>\n<\/td>\n

\n

[** ]<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

ECA Loan Agreement dated ** (the Agreement) in respect of one (1)
\nAirbus A** Aircraft with manufacturer’s serial number ** (the Aircraft)<\/strong>\n<\/p>\n

Dear Sirs<\/p>\n

Reference is hereby made to the Agreement. Terms defined in the Agreement
\nhave the same meaning in this notice.<\/p>\n

We hereby give you notice that, pursuant to clause 6.3 (Fixed rate option) of
\nthe Agreement, we irrevocably agree to convert the basis for the calculation of
\ninterest payable on the ECA Loans to the Fixed Rate notified to us by you on **
\non the specified Conversion Date.<\/p>\n

We confirm that we have been instructed by the Head Lessee to agree the Fixed
\nRate and that, at the date hereof, the representations set out in clause 3 (Head
\nLessee representations) of the All Parties Agreement are true and correct and
\nwill be so at the requested Conversion Date and no Default or Mandatory
\nPrepayment Event has occurred or would result from the proposed Conversion.<\/p>\n

Yours sincerely<\/p>\n<\/p>\n<\/p>\n

<\/p>\n

for and on behalf of
\nMadeleine Leasing Limited<\/strong><\/p>\n

We confirm that we have instructed the Borrower to agree the Fixed Rate and
\nthat, at the date hereof, the representations set out in clause 5 (Borrower
\nrepresentations) of the All Parties Agreement are true and correct and will be
\nso at the requested Conversion Date and no Default or Mandatory Prepayment Event
\nhas occurred or would result from the proposed Conversion.<\/p>\n<\/p>\n<\/p>\n

<\/p>\n

for and on behalf of
\nCIT Aerospace International<\/strong><\/p>\n

Agreed<\/p>\n<\/p>\n<\/p>\n

<\/p>\n

for and on behalf of
\nCIT Group Inc.<\/strong><\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 31<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

The Borrower<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

the duly authorised attorney of<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and for and on behalf of<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Madeleine Leasing Limited<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The Original French Lender<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Paris branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The Original German Lender<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Paris branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The Original British Lender<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Paris branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The French National Agent<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Paris branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

Page 32<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

The German National Agent<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

Niederlassung Deutschland <\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The British National Agent<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

London branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The ECA Facility Agent<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

London branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

The Security Trustee<\/strong><\/p>\n<\/td>\n

\n<\/td>\n<\/tr>\n
\n<\/td>\n<\/tr>\n
\n

Signed by **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

and **<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

authorised for<\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

ABN AMRO Bank N.V.,<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n

\n

London branch<\/strong><\/p>\n<\/td>\n

\n

)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n
\n<\/td>\n<\/tr>\n
\n

\n

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