FIRST SUPPLEMENTAL INDENTURE Dated as of May 14, 2014 to the INDENTURE Dated as of August 11, 2010 Among INTERNATIONAL LEASE FINANCE CORPORATION, THE GUARANTOR PARTIES NAMED HEREIN, AERCAP GLOBAL AVIATION TRUST and THE BANK OF NEW YORK MELLON TRUST...
Exhibit 4.5
_____________________________________________
FIRST SUPPLEMENTAL INDENTURE
Dated as of May 14, 2014
to the
INDENTURE
Dated as of August 11, 2010
Among
INTERNATIONAL LEASE FINANCE CORPORATION,
THE GUARANTOR PARTIES NAMED HEREIN,
AERCAP GLOBAL AVIATION TRUST
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee
_____________________________________________
This FIRST SUPPLEMENTAL INDENTURE, dated as of May 14, 2014 (this “Supplemental Indenture”), among International Lease Finance Corporation, a California corporation (herein called the “Company”), certain subsidiaries of the Company from time to time parties hereto (herein called the “Guarantor Parties”), AerCap Global Aviation Trust, a Delaware statutory trust (herein called the “Financing Trust”), and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture (as hereinafter defined) (herein called the “Trustee”).
RECITALS OF THE COMPANY, THE GUARANTOR PARTIES AND THE
FINANCING TRUST
WHEREAS, the Company, the Guarantor Parties and the Trustee have heretofore executed and delivered an indenture, dated as of August 11, 2010 (the “Indenture”), providing for the issuance from time to time of the Company’s Securities, to be issued in one or more series as provided in the Indenture;
WHEREAS, Section 8.01(a) of the Indenture provides that under certain circumstances the Company may consolidate with or merge into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person;
WHEREAS, the Company has authorized the transfer of the Company’s properties and assets substantially as an entirety to the Financing Trust, pursuant to the Completion Date Transfer Agreement, dated as of the date hereof, by and among the Company, the Financing Trust and other parties signatory thereto and the Reallocation Agreement, dated as of the date hereof, by and among AerCap U.S. Global Aviation LLC, a Delaware limited liability company and the direct parent of the Company, the Financing Trust and the other parties signatory thereto;
WHEREAS, pursuant to a guarantee agreement entered into as of the date hereof, certain of the Financing Trust’s Affiliates will agree, jointly and severally, to unconditionally guarantee, to each Holder and to the Trustee and their respective successors and assigns, irrespective of the validity and enforceability of the Indenture, the Securities or the obligations of the Financing Trust and the Company under the Indenture and the Securities in accordance with the terms of such guarantee agreement and not as a Guarantor Party under the Indenture;
WHEREAS, Section 8.02 of the Indenture provides that upon any consolidation by the Company with or merger by the Company into any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 8.01 of the Indenture, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture and the Mortgage with the same effect as if such successor Person had been named as the Company therein;
WHEREAS, Section 9.01(a) of the Indenture provides that without the consent of the Holders, the Company, when authorized by a Board Resolution, and the Trustee (when instructed by Company Order) may enter into a supplemental indenture to evidence the succession of another corporation to the Company and the assumption by any such successor of the covenants of the Company in the Indenture, the Mortgage and in the Securities;
1
WHEREAS, pursuant to Sections 8.01, 8.02 and 9.01(a) of the Indenture, the Company, the Guarantor Parties and the Financing Trust wish to evidence the assumption of the covenants of the Company by the Financing Trust and the succession and substitution of the Financing Trust for the Company under the Indenture and the Mortgage;
WHEREAS, Section 9.01(k) of the Indenture provides that without the consent of the Holders, the Company, when authorized by a Board Resolution, and the Trustee (when instructed by Company Order) may enter into a supplemental indenture to make any provision under the Indenture with respect to matters or questions arising under this Indenture or under the Mortgage, provided such action shall not adversely affect the interests of the Holders of Securities of any series in any material respect;
WHEREAS, pursuant to Section 9.01(k) of the Indenture, the Company, the Guarantor Parties and the Financing Trust wish to evidence that following the assumption, succession and substitution of the Financing Trust for the Company under the Indenture, the Company, jointly and severally with the Financing Trust, will remain obligated for the due and punctual payment of the principal of (and premium, if any) and interest on all the Securities and will duly and punctually pay the principal of (and premium, if any) and interest on all the Securities, and will guarantee that all other obligations of the Financing Trust under the Indenture and the Mortgage will be promptly performed in accordance with the terms thereof; and
WHEREAS, all conditions precedent provided for in Section 9.01 of the Indenture with respect to the execution of this Supplemental Indenture have been complied with.
WHEREAS, all things necessary to make this Supplemental Indenture a valid and binding agreement of the Company, the Guarantor Parties and the Financing Trust, in accordance with its terms, have been done.
NOW, THEREFORE, in consideration of the foregoing, the Company, the Guarantor Parties, the Financing Trust and the Trustee agree, for the equal and proportionate benefit of all Holders of the Securities or of a series thereof, as follows:
|
|
1.
|
Definitions. All capitalized terms used herein and not defined shall have the meanings set forth in the Indenture.
|
|
|
2.
|
Assumption. Pursuant to and in accordance with Section 8.01(a)(i) of the Indenture, the Financing Trust hereby assumes the due and punctual payment of the principal of (and premium, if any) and interest on all the Securities and the performance of every covenant of the Indenture and the Mortgage on the part of the Company to be performed or observed.
|
|
|
3.
|
Substitution. Pursuant to and in accordance with Section 8.02 of the Indenture, the Financing Trust shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture and the Mortgage with the same effect as if the Financing Trust had been named as the Company in the Indenture.
|
2
|
|
4.
|
Company to Remain Co-Obligor. Notwithstanding Section 8.02 of the Indenture, the Company, jointly and severally with the Financing Trust, hereby agrees to remain obligated for the due and punctual payment of the principal of (and premium, if any) and interest on all the Securities and to duly and punctually pay the principal of (and premium, if any) and interest on all the Securities and the Company hereby guarantees that all other obligations of the Financing Trust under the Indenture and the Mortgage will be promptly performed in accordance with the terms thereof.
|
|
|
5.
|
Reference to the Indenture; Ratification. This Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Indenture and, as provided in the Indenture, this Supplemental Indenture forms a part of the Indenture. Except as hereby expressly amended and supplemented, the Indenture and the Mortgage are in all respects ratified and confirmed and all the terms, provisions and conditions thereof shall be and remain in full force and effect.
|
|
|
6.
|
Responsibility for Recitals, Etc. The recitals contained herein shall be taken as the statements of the Company, the Guarantor Parties or the Financing Trust, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or the Mortgage.
|
|
|
7.
|
Conflict with Trust Indenture Act. If any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision hereof which is required to be included in this Supplemental Indenture by any of the provisions of the Trust Indenture Act or which is automatically deemed included in this Supplemental Indenture by any of the provisions of the Trust Indenture Act, such required or automatically included provision shall control.
|
|
|
8.
|
Separability. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
|
|
|
9.
|
Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof.
|
|
|
10.
|
Benefits of this Supplemental Indenture. Nothing in this Supplemental Indenture, express or implied, shall give to any Person, other than the parties to the Supplemental Indenture and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.
|
|
|
11.
|
Successors and Assigns. All covenants and agreements in this Supplemental Indenture by the Company and the Financing Trust shall bind their respective successors and assigns, whether so expressed or not.
|
3
|
|
12.
|
|
|
13.
|
Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Supplemental Indenture.
|
[Remainder of page intentionally left blank.]
4
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first above written.
|
INTERNATIONAL LEASE FINANCE
CORPORATION
|
|||
| By: | /s/ Xxxxxx Xxxxx | ||
| Name: Xxxxxx Xxxxx | |||
| Title: Chairman of the Board | |||
FIRST SUPPLEMENTAL INDENTURE
|
SIGNED AND DELIVERED AS A DEED
for and on behalf of
|
|||
| ILFC IRELAND LIMITED | |||
| by its duly appointed attorney: | |||
| /s/ Xxxxxx Xxxxxxx | |||
| Name: Xxxxxx Xxxxxxx | |||
| Title: Director | |||
| in the presence of: | |||
| /s/ Xxx Xxxxxxxx | |||
| Name: | Xxx Xxxxxxxx | ||
| Occupation: | Chartered Secretary | ||
| Address: | 0000 Xxxxxxxx Xxxxxx, | ||
| Xxxxxxxx, Xxxxxxx | |||
| Xx. Xxxxx, Xxxxxxx | |||
FIRST SUPPLEMENTAL INDENTURE
|
ILFC (BERMUDA) III, Ltd.
|
|||
| By: | /s/ Xxxxxx Xxxxxxx | ||
| Name: Xxxxxx Xxxxxxx | |||
| Title: Director | |||
FIRST SUPPLEMENTAL INDENTURE
|
AERCAP GLOBAL AVIATION TRUST
|
|||
| By: | /s/ Xxxxxx Xxxxxx | ||
| Name: Xxxxxx Xxxxxx | |||
| Title: Attorney-in-fact | |||
FIRST SUPPLEMENTAL INDENTURE
|
THE BANK OF NEW YORK MELLON TRUSTCOMPANY, N.A.,
as Trustee
|
|||
| By: | /s/ Xxxxxxx Xxxxx | ||
| Name: Xxxxxxx Xxxxx | |||
| Title: Vice President | |||
FIRST SUPPLEMENTAL INDENTURE
