Common use of WARRANTS FOR COMMON STOCK Clause in Contracts

WARRANTS FOR COMMON STOCK. In the event that GECAS shall elect to be paid the Restructuring Fee in whole or in part by a warrant or warrants for Common Stock (THE "WARRANT"), such Warrant shall be substantially in the form attached hereto as Exhibit I and shall otherwise be reasonably acceptable to GECAS. The Warrant shall be issued by Lessee to GECAS on the request of GECAS and shall comply with the following terms and conditions: (a) the Warrant shall not require the payment of any additional amounts by GECAS or the Lessors to the Lessee; (b) the number of shares of Common Stock issuable pursuant to the Warrant shall equal the amount of the Restructuring Fee elected by GECAS to be paid in Warrants divided by the selling price of the Common Stock in the IPO or PPO, net of underwriting discounts, commissions and expenses; (c) the holder of such Warrant shall be granted "piggy-back" registration rights, (d) the Warrant shall be exercisable for a period of five years after its date of issuance and (e) shall otherwise be on terms and conditions mutually satisfactory to Lessor and Lessee.