Amount and Terms of Credit. SECTION 2.01. Commitments of the Lenders; Term Loans 59 SECTION 2.02. Letters of Credit 60 SECTION 2.03. Requests for Loans 66 SECTION 2.04. Funding of Loans 67 SECTION 2.05. Interest Elections 68 SECTION 2.06. Limitation on Eurodollar Tranches 69 SECTION 2.07. Interest on Loans 69 SECTION 2.08. Default Interest 70 SECTION 2.09. Alternate Rate of Interest 70 SECTION 2.10. Amortization of Term Loans; Repayment of Loans; Evidence of Debt 70 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 SECTION 2.12. Mandatory Prepayment of Loans; Commitment Termination 72 SECTION 2.13. Optional Prepayment of Loans 73 SECTION 2.14. Increased Costs 75 SECTION 2.15. Break Funding Payments 77 SECTION 2.16. Taxes 77 SECTION 2.17. Payments Generally; Pro Rata Treatment 80 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 82 SECTION 2.19. Certain Fees 83 SECTION 2.20. Commitment Fee and Upfront Fee 83 SECTION 2.21. Letter of Credit Fees 84 SECTION 2.22. Nature of Fees 84 SECTION 2.23. Right of Set-Off 84 SECTION 2.24. Security Interest in Letter of Credit Account 85 SECTION 2.25. Payment of Obligations 85 SECTION 2.26. Defaulting Lenders 85 SECTION 2.27. Increase in Commitment 90 SECTION 2.28. Extension of Term Loans; Extension of the Revolving Facility 92 Article III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization and Authority 97 SECTION 3.02. Air Carrier Status 97 SECTION 3.03. Due Execution 98 SECTION 3.04. Statements Made 98 SECTION 3.05. Financial Statements; Material Adverse Change 99 SECTION 3.06. Ownership of Subsidiaries 99 SECTION 3.07. Liens 99 SECTION 3.08. Use of Proceeds 99 SECTION 3.09. Litigation and Compliance with Laws 100 SECTION 3.10. Slots 100 SECTION 3.11. Routes 100 SECTION 3.12. Margin Regulations; Investment Company Act 101 SECTION 3.13. Holding of Collateral 101 SECTION 3.14. Perfected Security Interests 101 SECTION 3.15. Payment of Taxes 102 SECTION 3.16. Solvency 102 Article IV CONDITIONS OF LENDING SECTION 4.01. Conditions Precedent to Closing 102 SECTION 4.02. Conditions Precedent to Each Loan and Each Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01. Financial Statements, Reports, etc. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance with Laws 109 SECTION 5.05. Designation of Restricted and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other Payments 121 SECTION 6.03. Incurrence of Indebtedness 123 SECTION 6.04. Disposition of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights of Agents 140 SECTION 8.03. Liability of Agents 140 SECTION 8.04. Reimbursement and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.
Appears in 1 contract
Samples: Aircraft Security Agreement (American Airlines Inc)
Amount and Terms of Credit. SECTION 63 Section 2.01. Commitments of the Lenders; Term Loans 59 SECTION 63 Section 2.02. Letters of Credit 60 SECTION 2.03. Requests for Loans 66 SECTION 2.0463 Section 2.03. Funding of Loans 67 SECTION 2.0564 Section 2.04. Interest Elections 68 SECTION 2.0664 Section 2.05. Limitation on Eurodollar Term Benchmark Tranches 69 SECTION 2.0765 Section 2.06. Interest on Loans 69 SECTION 2.0866 Section 2.07. Default Interest 70 SECTION 2.09. Alternate Rate of Interest 70 SECTION 2.1066 Section 2.08. Amortization of Term Loans; Repayment of Loans; Evidence of Debt 70 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 SECTION 2.1266 Section 2.09. Mandatory Prepayment of Loans; Commitment Termination 72 SECTION 2.13Loans 67 Section 2.10. Optional Prepayment of Loans 73 SECTION 2.1469 Section 2.11. Increased Costs 75 SECTION 2.1571 Section 2.12. Break Funding Payments 77 SECTION 2.1672 Section 2.13. Taxes 77 SECTION 2.1773 Section 2.14. Payments Generally; Pro Rata Treatment 80 SECTION 2.1877 Section 2.15. Mitigation Obligations; Replacement of Lenders 82 SECTION 2.1978 Section 2.16. Certain Fees 83 SECTION 2.2079 Section 2.17. Commitment Fee and Upfront Fee 83 SECTION 2.21. Letter Alternate Rate of Credit Fees 84 SECTION 2.22Interest 79 Section 2.18. Nature of Fees 84 SECTION 2.2381 Section 2.19. Right of Set-Off 84 SECTION 2.24. Security Interest in Letter of Credit Account 85 SECTION 2.2581 Section 2.20. Payment of Obligations 85 SECTION 2.2682 Section 2.21. Defaulting Lenders 85 SECTION 2.2782 Section 2.22. Increase in Commitment 90 SECTION 2.2883 Section 2.23. Extension of Term Loans; Extension of the Revolving Facility 92 Article III Loans 86 Section 2.24. Refinancing Amendment 87 Section 2.25. Illegality 89 ARTICLE 3. REPRESENTATIONS AND WARRANTIES SECTION 89 Section 3.01. Organization and Authority 97 SECTION 89 Section 3.02. Air Carrier Status 97 SECTION 89 Section 3.03. Due Execution 98 SECTION 89 Section 3.04. Statements Made 98 SECTION 90 Section 3.05. Financial Statements; Material Adverse Change 99 SECTION Effect 90 Section 3.06. Use of Proceeds 90 Section 3.07. Ownership of Subsidiaries 99 SECTION 3.07. Liens 99 SECTION 91 Section 3.08. Use of Proceeds 99 SECTION 3.09. Litigation and Compliance with Laws 100 SECTION 3.10. Slots 100 SECTION 3.11. Routes 100 SECTION 3.1291 Section 3.09. Margin Regulations; Investment Company Act 101 SECTION 3.1391 Section 3.10. Holding Ownership of Collateral 101 SECTION 3.14Significant Assets 91 Section 3.11. Intellectual Property 92 Section 3.12. Perfected Security Interests 101 SECTION 3.1592 Section 3.13. Insurance 93 Section 3.14. Payment of Taxes 102 SECTION 93 Section 3.15. Employee Matters 94 Section 3.16. Solvency 102 Article IV Sanctions; Anti-Corruption; Anti-Money Laundering Laws 95 Section 3.17. Process Agent 96 Section 3.18. Final DIP Order 96 Section 3.19. Appointment of Trustee or Examiner; Liquidation 96 Section 3.20. Environmental Compliance 96 Section 3.21. No Default 96 Section 3.22. Beneficial Ownership Certificate 97 Section 3.23. Navigation Charges 97 Section 3.24. Slot Utilization 97 Section 3.25. Routes 97 Section 3.26. Debtor-in-Possession Obligations 97 Section 3.27. Chilean Capitalization Requirements 98 ARTICLE 4. CONDITIONS OF LENDING SECTION 98 Section 4.01. Conditions Precedent to Closing 102 SECTION 98 Section 4.02. Conditions Precedent to Each Loan and Each Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01Loan. Financial Statements, Reports, etc101 Section 4.03. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance with Laws 109 SECTION 5.05. Designation of Restricted and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other Payments 121 SECTION 6.03. Incurrence of Indebtedness 123 SECTION 6.04. Disposition of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights of Agents 140 SECTION 8.03. Liability of Agents 140 SECTION 8.04. Reimbursement and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.Post-Closing Obligations 102
Appears in 1 contract
Amount and Terms of Credit. SECTION 2.01. Section 2.1 Commitments 62 Section 2.2 Minimum Amount of the LendersEach Borrowing; Term Loans 59 SECTION 2.02. Letters Maximum Number of Credit 60 SECTION 2.03. Requests for Loans 66 SECTION 2.04. Funding Borrowings 63 Section 2.3 Notice of Loans 67 SECTION 2.05. Interest Elections 68 SECTION 2.06. Limitation on Eurodollar Tranches 69 SECTION 2.07. Interest on Loans 69 SECTION 2.08. Default Interest 70 SECTION 2.09. Alternate Rate Borrowing 64 Section 2.4 Disbursement of Interest 70 SECTION 2.10. Amortization of Term Loans; Funds 64 Section 2.5 Repayment of Loans; Evidence of Debt 70 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 SECTION 2.12. Mandatory Prepayment of Loans; Commitment Termination 72 SECTION 2.13. Optional Prepayment of Loans 73 SECTION 2.14. Increased Costs 75 SECTION 2.15. Break Funding Payments 77 SECTION 2.16. Taxes 77 SECTION 2.17. Payments Generally; 65 Section 2.6 Conversions and Continuations 66 Section 2.7 Pro Rata Treatment Borrowings 67 Section 2.8 Interest 67 Section 2.9 Interest Periods 68 Section 2.10 Increased Costs, Illegality, Etc. 68 Section 2.11 Compensation 70 Section 2.12 Change of Lending Office 70 Section 2.13 Notice of Certain Costs 71 Section 2.14 Borrowing Base 71 Section 2.15 Defaulting Lenders 75 Section 2.16 [Reserved] 77 Section 2.17 Extension Offers 77 Section 2.18 Benchmark Replacement Setting 78 ARTICLE 3 LETTERS OF CREDIT
Section 3.1 Letters of Credit 80 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 82 SECTION 2.19. Certain Fees 83 SECTION 2.20. Commitment Fee and Upfront Fee 83 SECTION 2.21. Section 3.2 Letter of Credit Fees 84 SECTION 2.22. Nature of Fees 84 SECTION 2.23. Right of Set-Off 84 SECTION 2.24. Security Interest in Applications 81 Section 3.3 Letter of Credit Account 85 SECTION 2.25. Payment of Obligations 85 SECTION 2.26. Defaulting Lenders 85 SECTION 2.27. Increase in Commitment 90 SECTION 2.28. Extension of Term Loans; Extension of the Revolving Facility 92 Article III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization and Authority 97 SECTION 3.02. Air Carrier Status 97 SECTION 3.03. Due Execution 98 SECTION 3.04. Statements Made 98 SECTION 3.05. Financial Statements; Material Adverse Change 99 SECTION 3.06. Ownership of Subsidiaries 99 SECTION 3.07. Liens 99 SECTION 3.08. Use of Proceeds 99 SECTION 3.09. Litigation and Compliance with Laws 100 SECTION 3.10. Slots 100 SECTION 3.11. Routes 100 SECTION 3.12. Margin Regulations; Investment Company Act 101 SECTION 3.13. Holding of Collateral 101 SECTION 3.14. Perfected Security Interests 101 SECTION 3.15. Payment of Taxes 102 SECTION 3.16. Solvency 102 Article IV CONDITIONS OF LENDING SECTION 4.01. Conditions Precedent Participations 81 Section 3.4 Agreement to Closing 102 SECTION 4.02. Conditions Precedent to Each Loan and Each Repay Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01. Financial Statements, Reports, etc. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance Drawings 83
Section 3.5 New or Successor Issuing Bank 84 Section 3.6 Role of Issuing Bank 85 Section 3.7 Cash Collateral 86 Section 3.8 Applicability of ISP 86 Section 3.9 Conflict with Laws 109 SECTION 5.05. Designation Issuer Documents 86 Section 3.10 Letters of Restricted and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Credit Issued for Restricted Subsidiaries to Pay Dividends 86 Section 3.11 Increased Costs 87 Section 3.12 Independence 87 ARTICLE 4 FEES; COMMITMENTS
Section 4.1 Fees 87 Section 4.2 Voluntary Reduction of Commitments 88 Section 4.3 Mandatory Termination of Commitments 89
Section 4.4 Termination, Revision and Make Certain Other Payments 121 SECTION 6.03. Incurrence Reduction of Indebtedness 123 SECTION 6.04. Disposition Commitments; Increase, Reduction and Termination of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights of Agents 140 SECTION 8.03. Liability of Agents 140 SECTION 8.04. Reimbursement and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.Aggregate Elected Commitment Amounts 89
Appears in 1 contract
Amount and Terms of Credit. SECTION 2.01. Commitments 46 Section 2.1 Amount and Nature of the Lenders; Term Loans 59 SECTION 2.02. Letters Revolving Credit 46 Section 2.2 Revolving Credit Commitment 46 Section 2.3 Interest 51 Section 2.4 Evidence of Indebtedness 53 Section 2.5 Notice of Credit 60 SECTION 2.03. Requests for Loans 66 SECTION 2.04. Event; Funding of Loans 67 SECTION 2.05. Interest Elections 68 SECTION 2.06. Limitation on Eurodollar Tranches 69 SECTION 2.07. Interest Loans 54 Section 2.6 Payment on Loans 69 SECTION 2.08. Default Interest 70 SECTION 2.09. Alternate Rate and Other Obligations 55 Section 2.7 Prepayment 56 Section 2.8 Commitment and Other Fees 57 Section 2.9 Modifications to Commitment 57 Section 2.10 Computation of Interest 70 SECTION 2.10and Fees 59 Section 2.11 Mandatory Payments 60 Section 2.12 Liability of Borrowers 61 Section 2.13 Addition of Foreign Borrowers 63 Section 2.15 Extension 64 (a) The Commitments shall terminate on the Revolving Credit Maturity Date 64 ARTICLE III. Amortization of Term Loans; Repayment of Loans; Evidence of Debt 70 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 SECTION 2.12. Mandatory Prepayment of Loans; Commitment Termination 72 SECTION 2.13. Optional Prepayment of Loans 73 SECTION 2.14. Increased Costs 75 SECTION 2.15. Break Funding Payments 77 SECTION 2.16. Taxes 77 SECTION 2.17. Payments Generally; Pro Rata Treatment 80 SECTION 2.18. Mitigation GENERAL LOAN PROVISIONS 66 Section 3.1 Increased Costs 66 Section 3.2 Taxes 67 Section 3.3 Funding Losses 70 Section 3.4 Mitigation Obligations; Replacement of Lenders 71 Section 3.5 Changed Circumstances 72 Section 3.6 Discretion of Lenders 82 SECTION 2.19as to Manner of Funding 78 Section 3.7 Cash Collateral 78 Section 3.8 Defaulting Lenders 79 ARTICLE IV. Certain Fees 83 SECTION 2.20. Commitment Fee and Upfront Fee 83 SECTION 2.21. Letter of Credit Fees 84 SECTION 2.22. Nature of Fees 84 SECTION 2.23. Right of Set-Off 84 SECTION 2.24. Security Interest in Letter of Credit Account 85 SECTION 2.25. Payment of Obligations 85 SECTION 2.26. Defaulting Lenders 85 SECTION 2.27. Increase in Commitment 90 SECTION 2.28. Extension of Term Loans; Extension of the Revolving Facility 92 Article III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization and Authority 97 SECTION 3.02. Air Carrier Status 97 SECTION 3.03. Due Execution 98 SECTION 3.04. Statements Made 98 SECTION 3.05. Financial Statements; Material Adverse Change 99 SECTION 3.06. Ownership of Subsidiaries 99 SECTION 3.07. Liens 99 SECTION 3.08. Use of Proceeds 99 SECTION 3.09. Litigation and Compliance with Laws 100 SECTION 3.10. Slots 100 SECTION 3.11. Routes 100 SECTION 3.12. Margin Regulations; Investment Company Act 101 SECTION 3.13. Holding of Collateral 101 SECTION 3.14. Perfected Security Interests 101 SECTION 3.15. Payment of Taxes 102 SECTION 3.16. Solvency 102 Article IV CONDITIONS OF LENDING SECTION 4.01. Conditions Precedent to Closing 102 SECTION 4.02. Conditions Precedent PRECEDENT 81 Section 4.1 Conditions to Each Loan Credit Event 81 Section 4.2 Conditions to the First Credit Event 81 ARTICLE V. COVENANTS 83 Section 5.1 Insurance 83 Section 5.2 Money Obligations 83 Section 5.3 Financial Statements and Each Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01. Financial StatementsInformation 83 Section 5.4 Financial Records 85 Section 5.5 Franchises; Change in Business 85 Section 5.6 ERISA Pension and Benefit Plan Compliance 85 Section 5.7 Financial Covenants 86 Section 5.8 Indebtedness 89 Section 5.9 Liens 91 Section 5.10 Regulations T, ReportsU and X 92 Section 5.11 Investments, etc. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance with Laws 109 SECTION 5.05. Designation of Restricted Loans and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books Guaranties 93 Section 5.12 Merger and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other Payments 121 SECTION 6.03. Incurrence of Indebtedness 123 SECTION 6.04. Disposition of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events Assets 94 Section 5.13 Acquisitions 95 Section 5.14 Notice 96 Section 5.15 Restricted Payments 96 Section 5.16 Environmental Compliance 97 Section 5.17 Affiliate Transactions 97 Section 5.18 Use of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights Proceeds 98 Section 5.19 Corporate Names 98 Section 5.20 Lease Rentals 98 Section 5.21 Subsidiary Guaranties, Security Documents and Pledge of Agents 140 SECTION 8.03. Liability Stock or Other Ownership Interest 98 Section 5.22 Restrictive Agreements 99 Section 5.23 Pari Passu Ranking 100 Section 5.24 Guaranty Under Material Indebtedness Agreement 100 Section 5.25 Amendment of Agents 140 SECTION 8.04. Reimbursement Organizational Documents 100 Section 5.26 Fiscal Year of Borrowers 100 Section 5.27 Further Assurances 101 Section 5.28 Anti-Corruption Laws; Beneficial Ownership Regulation, Anti-Money Laundering Laws and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.Sanctions 101
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Amount and Terms of Credit. SECTION 2.01. Commitments of the Lenders; Term Loans 59 64 SECTION 2.02. Letters of Credit 60 65 SECTION 2.03. Requests for Loans 66 71 SECTION 2.04. Funding of Loans 67 72 SECTION 2.05. Interest Elections 68 73 SECTION 2.06. Limitation on Eurodollar Term SOFR Tranches 69 74 SECTION 2.07. Interest on Loans 69 75 SECTION 2.08. Default Interest 70 75 SECTION 2.09. Alternate Rate of Interest 70 Benchmark Replacement Setting 75 SECTION 2.10. Amortization of Term Loans; Repayment of Loans; Evidence of Debt 70 77 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 78 SECTION 2.12. Mandatory Prepayment of Loans; Commitment Termination 72 78 SECTION 2.13. Optional Prepayment of Loans 73 80 SECTION 2.14. Increased Costs 75 81 SECTION 2.15. Break Funding Payments 77 83 SECTION 2.16. Taxes 77 83 SECTION 2.17. Payments Generally; Pro Rata Treatment 80 86 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 82 88 SECTION 2.19. Certain Fees 83 89 SECTION 2.20. Commitment Fee and Upfront Fee 83 89 SECTION 2.21. Letter of Credit Fees 84 89 SECTION 2.22. Nature of Fees 84 90 SECTION 2.23. Right of Set-Off 84 90 SECTION 2.24. Security Interest in Letter of Credit Account 85 91 SECTION 2.25. Payment of Obligations 85 91 i US-DOCS\116541633.10 SECTION 2.26. Defaulting Lenders 85 91 SECTION 2.27. Increase in Commitment 90 95 SECTION 2.28. Extension of Term Loans; Extension of the Revolving Facility 92 98 Article III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization and Authority 97 102 SECTION 3.02. Air Carrier Status 97 103 SECTION 3.03. Due Execution 98 103 SECTION 3.04. Statements Made 98 104 SECTION 3.05. Financial Statements; Material Adverse Change 99 104 SECTION 3.06. Ownership of Subsidiaries 99 104 SECTION 3.07. Liens 99 105 SECTION 3.08. Use of Proceeds 99 105 SECTION 3.09. Litigation and Compliance with Laws 100 105 SECTION 3.10. Slots 100 105 SECTION 3.11. Routes 100 105 SECTION 3.12. Margin Regulations; Investment Company Act 101 106 SECTION 3.13. Holding of Collateral 101 106 SECTION 3.14. Perfected Security Interests 101 106 SECTION 3.15. Payment of Taxes 102 106 SECTION 3.16. No Unlawful Payments 106 SECTION 3.17. OFAC 107 SECTION 3.18. Compliance with Anti-Money Laundering Laws 107 SECTION 3.19. Solvency 102 107 Article IV CONDITIONS OF LENDING SECTION 4.01. Conditions Precedent to Closing 102 SECTION 4.02. Conditions Precedent to Each Loan and Each Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01. Financial Statements, Reports, etc. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance with Laws 109 SECTION 5.05. Designation of Restricted and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other Payments 121 SECTION 6.03. Incurrence of Indebtedness 123 SECTION 6.04. Disposition of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights of Agents 140 SECTION 8.03. Liability of Agents 140 SECTION 8.04. Reimbursement and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.LENDING
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Samples: Credit and Guaranty Agreement (American Airlines, Inc.)
Amount and Terms of Credit. 43 SECTION 2.01. Commitments of the Lenders; Term Loans 59 43 SECTION 2.02. Letters of Credit 60 44 SECTION 2.03. Requests for Loans 66 Borrowings 49 SECTION 2.04. Funding of Loans 67 Borrowings 51 SECTION 2.05. Interest Elections 68 51 SECTION 2.06. Limitation on Eurodollar Tranches 69 52 SECTION 2.07. Interest on Loans 69 52 SECTION 2.08. Default Interest 70 53 SECTION 2.09. Alternate Rate of Interest 70 53 SECTION 2.10. Amortization of Term Loans; Repayment of Loans; Evidence of Debt 70 53 SECTION 2.11. Optional Termination or Reduction of Revolving Commitments 71 54 SECTION 2.12. Mandatory Prepayment of LoansLoans and Mandatory Commitment Reductions; Commitment Termination 72 54 SECTION 2.13. Optional Prepayment of Loans 73 56 SECTION 2.14. Increased Costs 75 57 SECTION 2.15. Break Funding Payments 77 59 SECTION 2.16. Taxes 77 59 SECTION 2.17. Payments Generally; Pro Rata Treatment 80 62 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 82 63 SECTION 2.19. Certain Fees 83 64 SECTION 2.20. Commitment Fee and Upfront Term Loan Fee 83 64 SECTION 2.21. Letter of Credit Fees 84 64 SECTION 2.22. Nature of Fees 84 64 SECTION 2.23. Right of Set-Off 84 65 SECTION 2.24. Security Interest in Letter of Credit Account 85 65 SECTION 2.25. Payment of Obligations 85 65 SECTION 2.26. Defaulting Lenders 85 65 SECTION 2.27. Increase in Commitment 90 Currency Equivalents 69 SECTION 2.28. Increase in Commitments 69 SECTION 2.29. Extension of the Term Loans; Extension of the Revolving Facility 92 Article III Loans 71 SECTION 3. REPRESENTATIONS AND WARRANTIES 74 SECTION 3.01. Organization and Authority 97 74 SECTION 3.02. Air Carrier Status 97 74 SECTION 3.03. Due Execution 98 75 SECTION 3.04. Statements Made 98 75 SECTION 3.05. Financial Statements; Material Adverse Change 99 76 SECTION 3.06. Ownership of Subsidiaries 99 76 SECTION 3.07. Liens 99 76 SECTION 3.08. Use of Proceeds 99 76 SECTION 3.09. Litigation and Compliance with Laws 100 76 SECTION 3.10. Slots 100 Primary FAA Slot Utilization 77 SECTION 3.11. Routes 100 Primary Foreign Slot Utilization 77 SECTION 3.12. Primary Routes 78 SECTION 3.13. Margin Regulations; Investment Company Act 101 SECTION 3.13. Holding of Collateral 101 78 SECTION 3.14. ERISA 78 SECTION 3.15. Properties 78 SECTION 3.16. Perfected Security Interests 101 79 SECTION 3.153.17. Payment of Taxes 102 79 SECTION 3.163.18. Solvency 102 Article IV Section 1110 79 SECTION 3.19. Anti-Money Laundering and Economic Sanctions Laws 79 SECTION 3.20. Anti-Corruption Laws 80 SECTION 4. CONDITIONS OF LENDING 80 SECTION 4.01. Conditions Precedent to Closing 102 Initial Loans and Initial Letters of Credit 80 SECTION 4.02. Conditions Precedent to Each Loan and Each Letter of Credit 105 Article V AFFIRMATIVE COVENANTS SECTION 5.01. Financial Statements, Reports, etc. 106 SECTION 5.02. Taxes 108 SECTION 5.03. Corporate Existence 109 SECTION 5.04. Compliance with Laws 109 SECTION 5.05. Designation of Restricted and Unrestricted Subsidiaries 109 SECTION 5.06. Delivery of Appraisals 110 SECTION 5.07. Regulatory Matters; Utilization; Reporting 110 SECTION 5.08. Maintenance of Ratings 112 SECTION 5.09. Additional Guarantors; Additional South American Service; Additional Collateral 112 SECTION 5.10. Access to Books and Records 113 SECTION 5.11. Further Assurances 114 Article VI NEGATIVE AND FINANCIAL COVENANTS SECTION 6.01. Restricted Payments 115 SECTION 6.02. Restrictions on Ability of Restricted Subsidiaries to Pay Dividends and Make Certain Other Payments 121 SECTION 6.03. Incurrence of Indebtedness 123 SECTION 6.04. Disposition of Collateral 129 SECTION 6.05. Transactions with Affiliates 130 SECTION 6.06. Liens 132 SECTION 6.07. Business Activities 132 SECTION 6.08. Liquidity 132 SECTION 6.09. Collateral Coverage Ratio 132 SECTION 6.10. Merger, Consolidation, or Sale of Assets 133 Article VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 135 Article VIII THE AGENTS SECTION 8.01. Administration by Agents 138 SECTION 8.02. Rights of Agents 140 SECTION 8.03. Liability of Agents 140 SECTION 8.04. Reimbursement and Indemnification 141 SECTION 8.05. Successor Agents 142 SECTION 8.06. Independent Lenders 142 SECTION 8.07. Advances and Payments 143 SECTION 8.08. Sharing of Setoffs 143 SECTION 8.09. Withholding Taxes 144 SECTION 8.10. Appointment by Secured Parties 144 SECTION 8.11. Delivery of Information 144 Article IX GUARANTY SECTION 9.01. Guaranty 144 SECTION 9.02. Right of Contribution 146 SECTION 9.03. Continuation and Reinstatement, etc. 146 SECTION 9.04. Subrogation 146 SECTION 9.05. Discharge of Guaranty 147 Article X MISCELLANEOUS SECTION 10.01. Notices 148 SECTION 10.02. Successors and Assigns 149 SECTION 10.03. Confidentiality 155 SECTION 10.04. Expenses; Indemnity; Damage Waiver 156 SECTION 10.05. Governing Law; Jurisdiction; Consent to Service of Process 159 SECTION 10.06. No Waiver 159 SECTION 10.07. Extension of Maturity 160 SECTION 10.08. Amendments, etc. 160 SECTION 10.09. Severability 163 SECTION 10.10. Headings 163 SECTION 10.11. Survival 163 SECTION 10.12. Execution in Counterparts; Integration; Effectiveness 164 SECTION 10.13. USA Patriot Act 164 SECTION 10.14. New Value 164 SECTION 10.15. WAIVER OF JURY TRIAL 164 SECTION 10.16. No Fiduciary Duty 165 SECTION 10.17. Lender Action 165 SECTION 10.18. Intercreditor Agreements 166 INDEX OF APPENDICES ANNEX A – Lenders and Commitments ANNEX B – Chapter 11 Matters EXHIBIT A – Form of SGR Security Agreement EXHIBIT B – Form of Instrument of Assumption and Joinder EXHIBIT C – Form of Assignment and Acceptance EXHIBIT D-1 – Form of Loan Request EXHIBIT D-2 – Form of Letter of Credit Request EXHIBIT E – Form of Account Control Agreement EXHIBIT F – Form of Aircraft Security Agreement EXHIBIT G – Description of Security Agreement for Spare Engines EXHIBIT H – Form of Collateral Coverage Ratio Certificate SCHEDULE 3.06 Subsidiaries CREDIT AND GUARANTY AGREEMENT, dated as of June 27, 2013, among AMERICAN AIRLINES, INC., a Delaware corporation (the “Borrower”), AMR CORPORATION, a Delaware corporation (“Parent”), the direct and indirect Domestic Subsidiaries of Parent from time to time party hereto other than the Borrower, each of the several banks and other financial institutions or entities from time to time party hereto as a lender (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and as an issuing lender (in such capacity, an “Issuing Lender”), CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC and XXXXXX XXXXXXX SENIOR FUNDING, INC., as joint lead arrangers (collectively, the “Joint Lead Arrangers”), and DEUTSCHE BANK SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., BARCLAYS BANK PLC, XXXXXXX SACHS BANK USA, X.X. XXXXXX SECURITIES LLC, XXXXXX XXXXXXX SENIOR FUNDING, INC., CREDIT SUISSE SECURITIES (USA) LLC and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint bookrunners.84
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