Exhibit 10.41
LEASE SUPPLEMENT NO. 1 [N288SK]
THIS LEASE SUPPLEMENT NO. 1 [N288SK] dated June 29, 2001, between
XXXXX FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, a United States national
banking association, not in its individual capacity, but solely as Owner
Trustee, except as otherwise provided herein, the Lessor, and CHAUTAUQUA
AIRLINES, INC., a New York corporation, the Lessee;
W I T N E S S E T H :
WHEREAS, the Lessor and the Lessee have heretofore entered into that
certain Aircraft Lease Agreement [N288SK], dated as of June 5, 2001 (the
"Lease", the terms defined therein being herein used with the same meaning),
which Lease provides, among other things, for the execution and delivery of
Lease Supplements in substantially the form hereof for the purpose of leasing a
specific Aircraft under the Lease when delivered by the Lessor to the Lessee in
accordance with the terms thereof;
WHEREAS, the Lease, a counterpart of which is attached hereto and made
a part hereof, relates to the Aircraft and Engines described in Schedule I
hereto and this Lease Supplement, together with such attachment, is being filed
for recordation on the date hereof with the FAA as one document;
NOW, THEREFORE, in consideration of the premises and other good and
sufficient consideration, and pursuant to Article III of the Lease, the Lessor
and the Lessee hereby agree as follows:
1. The Lessor hereby delivers and leases to the Lessee, and the Lessee
hereby accepts and leases from the Lessor, under the Lease as herein
supplemented, the Aircraft, described in Schedule I hereto.
2. The Delivery Date is the date of this Lease Supplement set forth in
the opening paragraph hereof.
3. The Basic Term shall commence on the Delivery Date and continue
through December 29, 2017 (the "Expiration Date").
4. Lessee hereby confirms to Lessor that Lessee has duly and
irrevocably accepted the Aircraft under and for all purposes hereof, of the
Lease and of the other Lessee Documents.
5. All of the terms and provisions of the Lease are hereby
incorporated by reference in this Lease Supplement to the same extent as if
fully set forth herein.
6. This Lease Supplement may be executed by the parties hereto in
separate counterparts and all such counterparts shall together constitute but
one and the same instrument.
To the extent, if any, that this Lease Supplement constitutes chattel paper (as
such term is defined in the Uniform Commercial Code as in effect in any
applicable jurisdiction), no security interest in this Lease Supplement or the
Lease may be created through the transfer or possession of any counterpart other
than the original counterpart of each thereof containing the receipt therefor
executed by the Lessor on the signature page of each thereof.
7. THIS LEASE SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK
AND SHALL IN ALL RESPECTS BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK,
INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.
[The remainder of this page is intentionally left blank.]
IN WITNESS WHEREOF, the Lessor and the Lessee have each caused this
Lease Supplement to be duly executed by their authorized officers as of the day
and year first above written.
XXXXX FARGO BANK NORTHWEST,
NATIONAL ASSOCIATION
not in its individual capacity, but solely
as Owner Trustee
By: /s/ Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
Title: Vice President
CHAUTAUQUA AIRLINES, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Vice President
The undersigned acknowledges receipt of this original counterpart of this
Lease Supplement on this ___ day of __________, 2001.
XXXXX FARGO BANK NORTHWEST,
NATIONAL ASSOCIATION
not in its individual capacity, but solely
as Owner Trustee
By: /s/ Xxxxx X. Xxxx
-------------------------------------
Name: Xxxxx X. Xxxx
Title: Vice President
SCHEDULE I
TO LEASE SUPPLEMENT
DESCRIPTION OF AIRFRAME AND ENGINES
AIRFRAME
Manufacturer Manufacturer's FAA Registration Manufacturer's
Model Number Serial No.
Embraer EMB-145LR N288SK 145461
ENGINES
Manufacturer Manufacturer's Manufacturer's
Model Serial No.
Xxxxxxx Engine Company, Inc. AE 3007A1P CAE 311866
CAE 311867
Each Engine is of 750 or more "rated take-off horsepower" or the
equivalent of such horsepower.
NOTE TO EXHIBIT 10.41
The two additional Lease Supplements No. 1 are substantially identical
in all material respects to the filed Lease Supplement No. 1 except as follows:
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TAIL NUMBER CLOSING DATE OWNER-PARTICIPANT
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N286SK June, 2001 Mitsui & Co.
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N287SK June, 2001 Mitsui & Co.
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