Exhibit 4(a)(xvii)
Exhibit A-4 to Note Purchase Agreement
FORM OF PURCHASE AGREEMENT ASSIGNMENT
(LEASED AIRCRAFT)
PURCHASE AGREEMENT ASSIGNMENT
(US Airways, Inc. Trust No. N___U_)
PURCHASE AGREEMENT ASSIGNMENT (US Airways, Inc. Trust No.
N___U_), dated as of _____________ __, ____, between US AIRWAYS, INC., a
Delaware corporation (the "Assignor" or "Lessee"), and FIRST SECURITY BANK,
NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner
Trustee ("FSB" or "Lessor") under the Trust Agreement (US Airways, Inc.
Trust No. N___U_), dated as of _____________ __, ____, (as amended,
modified or supplemented from time to time, the "Trust Agreement"), between
____________________ (the "Owner Participant") and FSB.
W I T N E S S E T H :
WHEREAS, US Airways Group, Inc. ("Parent") and AVSA (as
hereinafter defined) are parties to the Purchase Agreement (as hereinafter
defined), providing, among other things, for the delivery by AVSA to the
Assignor of certain aircraft, including the Aircraft (as hereinafter
defined) covered by the Participation Agreement (as hereinafter defined);
and
WHEREAS, pursuant to a Purchase Agreement Assignment, dated
as of __________ __, 1999, by and between Parent and Lessee (the "Parent
Assignment"), Parent assigned all of its right, title in and interest in
and to the Purchase Agreement to Assignor to the extent such right, title
and interest relate to certain aircraft, including the Aircraft covered by
the Participation Agreement;
WHEREAS, pursuant to a Consent and Agreement of AVSA and
Guarantor (as hereinafter defined), dated as of ________ __, 1999 (the
"Parent Consent and Agreement"), AVSA and Guarantor consented to the
assignment by Parent to Assignor of Parent's right, title in and interest
in and to the Purchase Agreement as provided for in the Parent Assignment;
WHEREAS, pursuant to the Parent Consent and Agreement,
Guarantor confirmed that its guarantee given in the Consent and Guaranty
(as hereinafter defined) remains in full force and effect and, to the
extent the same relates to the aircraft assigned to Lessee pursuant to the
Parent Assignment, it inures to the benefit of the Assignor;
WHEREAS, pursuant to the Consent and Guaranty, the Guarantor
has agreed, among other things, to unconditionally guarantee the due and
punctual performance by AVSA of all of its liabilities and obligations as
set forth in the Purchase Agreement; and
WHEREAS, pursuant to the Lease (as hereinafter defined), the
Lessor will lease the Aircraft to the Assignor; and
WHEREAS, on the terms and conditions hereof and of the
Consents and Agreements (as hereinafter defined), (a) the Assignor desires
to assign to the Lessor certain of the Assignor's remaining rights, title
and interests in, to and under the Purchase Agreement and the Consent and
Guaranty (insofar as they relate to the Purchase Agreement and the
Aircraft) and (b) the Lessor desires to accept the assignments and, except
as otherwise provided herein, to assume the obligations of the "Buyer"
under the Purchase Agreement, to the extent assigned to it pursuant hereto;
and
WHEREAS, pursuant to the Indenture (as hereinafter defined),
the Lessor will assign, inter alia, its rights hereunder to the Indenture
Trustee (as hereinafter defined) to the extent set forth therein; and
WHEREAS, such assignments and acceptances are intended to
permit consummation of the transactions contemplated by the Participation
Agreement; and
WHEREAS, AVSA and the Guarantor are willing to execute and
deliver their respective Consents and Agreements;
NOW, THEREFORE, in consideration of the mutual covenants
herein contained, the parties hereto agree as follows:
1. Defined Terms. For all purposes of this Assignment,
except as otherwise expressly provided or unless the context otherwise
requires, the following terms shall have the following meanings:
"Aircraft" shall mean the Airbus A3__ aircraft, bearing
manufacturer's serial number ___, delivered under the Purchase Agreement,
including the two [CFM International Model 56-5](1) [Xxxxx & Xxxxxxx Model](2)
engines installed on such aircraft on the date of delivery thereof
pursuant to the Purchase Agreement or such other engines as may be
substituted therefore under the Lease.
"AVSA" shall mean AVSA, S.A.R.L., a French societe a
responsabilite limitee, and its successors and assigns.
"AVSA Consent and Agreement" shall mean the Consent and
Agreement of AVSA attached hereto, as amended, modified or supplemented
from time to time.
"Consent and Guaranty" shall mean the Consent and Guaranty
of the Guarantor attached to the Purchase Agreement, together with all
amendments, waivers, and consents heretofore entered into or heretofore
granted thereunder.
"Consents and Agreements" shall mean the AVSA Consent and
Agreement and the Guarantor Consent and Agreement.
"Equipment Notes" shall have the meaning ascribed thereto in
the Participation Agreement.
"Guarantor" shall mean Airbus Industrie, G.I.E., a French
groupement d'interet economique, and its successors and assigns.
"Guarantor Consent and Agreement" shall mean the Consent and
Agreement of the Guarantor attached hereto, as amended, modified or
supplemented from time to time.
"Indenture" shall mean the Trust Indenture and Security
Agreement (US Airways, Inc. Trust No. N___U_), dated as of _____________
__, ____, between the Lessor and the Indenture Trustee, as amended,
modified or supplemented from time to time.
----------
1 For A319 and A320 Aircraft.
2 For A330 Aircraft.
"Indenture Trustee" shall mean State Street Bank and Trust
Company of Connecticut, a national banking association, not in its
individual capacity but solely as Indenture Trustee under the Indenture and
each other person which may from time to time be acting as successor
trustee under the Indenture.
"Lease" shall mean the Lease Agreement (US Airways, Inc.
Trust No. N___U_), dated as of _____________ __, ____, between the Lessor
and the Assignor, as amended, modified or supplemented from time to time.
"Participation Agreement" shall mean the Participation
Agreement (US Airways, Inc. Trust No. N___U_), dated as of _____________
__, ____, among the Assignor, the Owner Participant, the Pass Through
Trustee (as defined therein), the Lessor, the Indenture Trustee and the
Subordination Agent (as defined therein), as amended, modified or
supplemented from time to time.
"Purchase Agreement" shall mean the [Airbus A319/A320/A321
Purchase Agreement, dated as of October 31, 1997, between US Airways Group,
Inc. and AVSA](3) [Airbus A330/A340 Purchase Agreement, dated as of November
24, 1998, between US Airways Group, Inc. and AVSA](4), together with all
exhibits, appendices and letter agreements thereto and all amendments,
waivers and consents granted thereunder.
All other terms used herein in capitalized form that are
defined in the Lease shall, when used herein, have the meanings specified
in the Lease.
-----------
3 For A319 and A320 Aircraft.
4 For A330 Aircraft.
2. Assignment. (a) Generally. The Assignor has sold,
assigned, transferred and set over and does hereby sell, assign, transfer
and set over unto the Lessor (i) all of the Assignor's right, title and
interest in and to (x) Clauses 12, 13 and 17 of the Purchase Agreement (the
"Assigned Rights") and (y) the Consent and Guaranty (insofar as such
Consent and Guaranty relates to the Assigned Rights), as and to the extent
that the same relates to the Aircraft, except to the extent reserved below,
including, without limitation, in such assignment to the Lessor (A) all
claims for damages in respect of such Aircraft arising as a result of any
default by AVSA under Clause 12, 13 or 17 of the Purchase Agreement,
including, without limitation, all warranty, service life policy and
indemnity provisions contained in Clause 12 of the Purchase Agreement in
respect of the Aircraft and all claims thereunder and under the Consent and
Guaranty in respect of the Aircraft and (B) any and all rights of the
Assignor to compel performance of the terms of Clause 12, 13 and 17 of the
Purchase Agreement and the Consent and Guaranty in respect of the Aircraft;
reserving to the Assignor, however, all the Assignor's rights and interests
in and to Clauses 12, 13 and 17 of the Purchase Agreement and the Consent
and Guaranty as and to the extent that Clause 12, 13 or 17 of the Purchase
Agreement and the Consent and Guaranty relate to aircraft other than the
Aircraft and to the extent that the Purchase Agreement and the Consent and
Guaranty relate to any other matters not directly pertaining to the
Aircraft.
(b) Assignment of Rights. If and so long as there shall not
exist and be continuing an Event of Default and, if an Event of Default is
continuing, so long as Lessee or any Sublessee remains in possession of the
Aircraft, the Lessor hereby authorizes the Lessee, to the exclusion of the
Lessor, to exercise in the Lessee's name all rights and powers related to
the Assigned Rights and to retain any recovery or benefit resulting from
the enforcement of any of the Assigned Rights in respect of the Aircraft,
except that the Lessee may not enter into any change order or other
amendment, modification or supplement to the Purchase Agreement without the
written consent or countersignature of the Lessor if such change order,
amendment, modification or supplement would result in any rescission,
cancellation or termination of the Assigned Rights in respect of the
Aircraft or in any way limit the rights assigned hereunder.
(c) Acceptance of Assignment. Subject to the terms hereof,
the Lessor accepts the assignment contained in this clause 2.
(d) Onward Transfer of Rights. Except as provided in Clause
8 hereunder, the Lessor agrees that it may not sell, assign or otherwise
transfer any of the Assigned Rights without the prior written consent of
AVSA.
(e) Requirement of Notice to AVSA. For all purposes of this
Assignment, AVSA shall not be deemed to have knowledge of and need not
recognize any Event of Default, unless and until AVSA shall have received
written notice thereof from the Lessor or the Indenture Trustee addressed
to its Chief Executive Officer, 0, Xxxx Xxxxx Xxxxxxx Xxxxxxxx, 00000
Xxxxxxx, Xxxxxx (telex 521155F) (fax: 011-33-5- 0000-0000) and, in acting
in accordance with the terms of the Purchase Agreement and this Assignment,
AVSA may act with acquittance and conclusively rely upon any such notice.
3. Certain Rights and Obligations of the Parties. (a)
Assignor Remains Liable. It is expressly agreed that, anything herein
contained to the contrary notwithstanding: (a) the Assignor shall at all
times remain liable to AVSA under the Purchase Agreement to perform all the
duties and obligations of the "Buyer" thereunder to the same extent as if
this Assignment had not been executed; (b) the exercise by the Lessor of
any of the rights assigned hereunder shall not release the Assignor from
any of its duties or obligations to AVSA under the Purchase Agreement
except to the extent that such exercise by the Lessor shall constitute
performance of such duties and obligations; and (c) except as provided in
the next succeeding paragraph, none of the Lessor, the Indenture Trustee
nor any Participant shall have any obligation or liability under the
Purchase Agreement by reason of, or arising out of, this Assignment or be
obligated to perform any of the obligations or duties of the Assignor under
the Purchase Agreement or to make any payment or to make any inquiry as to
the sufficiency of any payment received by any of them or to present or
file any claim or to take any other action to collect or enforce any claim
for any payment assigned hereunder.
(b) Lessor Bound by Purchase Agreement. Without in any way
releasing the Assignor from any of its duties or obligations under the
Purchase Agreement, the Lessor confirms for the benefit of AVSA that,
insofar as the provisions of the Purchase Agreement relate to the Aircraft,
in exercising any rights under the Purchase Agreement, or in making any
claim with respect to the Aircraft or other goods and services delivered or
to be delivered pursuant to the Purchase Agreement, the terms and
conditions of the Purchase Agreement disclosed to the Lessor in writing
shall apply to, and be binding upon, the Lessor to the extent of its
respective interests assigned hereunder to the same extent as the Assignor.
(c) Limit of Effect of this Assignment. Nothing contained
herein shall (i) subject AVSA or the Guarantor to any liability to which it
would not otherwise be subject under the Purchase Agreement or (ii) modify
in any respect the contractual rights of AVSA or the Guarantor thereunder
(except, in each case, as provided in the attached Consents and
Agreements).
(d) Appointment as Attorney-in-Fact. The Assignor does
hereby constitute, effective at any time after an Event of Default shall
have occurred and be continuing, the Lessor and its successors and
permitted assigns to be the Assignor's true and lawful attorney,
irrevocably, with full power (in the name of the Assignor or otherwise) to
ask, require, demand, receive, compound and give acquittance for any and
all monies and claims for monies due and to become due under, or arising
out of, the Purchase Agreement and the Consent and Guaranty in respect of
the Aircraft, to the extent that the same have been assigned as provided in
this Assignment and, for such period as the Lessor, its successors and
assigns may exercise rights with respect thereto under this Assignment, to
endorse any checks or other instruments or orders in connection therewith
and to file any claims or take any action or institute (or, if previously
commenced, assume control of) any proceedings and to obtain any recovery in
connection therewith which the Lessor, its successors and assigns, may deem
to be necessary or advisable in the premises.
4. Further Assurances. The Assignor and the Lessor each
agree that, at any time and from time to time, upon the written request of
any other party hereto, it will promptly and duly execute and deliver any
and all such further instruments and documents and take such further action
as the other may reasonably request in order to obtain the full benefits of
this Assignment and of the rights and powers herein granted.
5. No Amendment of Purchase Agreement. So long as the Lease
is in effect, the Lessor agrees that it shall not enter into any agreement
that would amend, modify, supplement, rescind, cancel or terminate the
Purchase Agreement or the Consent and Guaranty in any respect or in any way
limit the rights of the Assignor or any of the other rights assigned
hereunder (except as set forth above when there has been an Event of
Default), without the prior written consent of the Assignor.
6. Execution of Assignment. This Assignment is executed by
the Assignor and the Lessor concurrently with the execution and delivery of
the Participation Agreement and the Lease.
7. Confidentiality. The Lessor agrees that it will not
disclose to any third party the terms of the Purchase Agreement or this
Assignment, except (a) as required by applicable law or governmental
regulation, (b) as contemplated in the Lease or the Participation Agreement
(including as set forth in Section 7(o) of the Participation Agreement) or
(c) with the consent of the Assignor, the Guarantor and AVSA.
8. Assignment as Collateral. Each party hereto consents to
the assignment and pledge by the Lessor to the Indenture Trustee, as
security for the Equipment Notes to be issued under the Indenture and the
other obligations secured thereby as specified in the Indenture, of all of
the Lessor's right, title and interest in and to the Assigned Rights and
the Consent and Guaranty under this Assignment which assignment shall be on
terms identical to this Assignment.
9. Counterparts. This Assignment may be executed by the
parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.
10. GOVERNING LAW. THIS ASSIGNMENT SHALL IN ALL RESPECTS BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.
11. Successors and Assigns. This Assignment shall be binding
upon and shall inure to the benefit of the parties hereto and their
respective successors and permitted assigns.
12. Notices. All notices with respect to the matters
contained herein shall be delivered (notices with respect to AVSA shall be
sent to the address for AVSA set forth in clause 2(d)) in the manner
provided in Section 12(a) of the Participation Agreement.
13. No Oral Amendments. Neither this Assignment nor any of
the terms hereof may be terminated, amended, supplemented, waived or
modified orally, but only by an instrument in writing signed by the party
against whom the enforcement of such termination, amendment, supplement,
waiver or modification is sought.
* * * * *
IN WITNESS WHEREOF, the parties hereto have caused this
Assignment to be duly executed as of the day and year first above written.
US AIRWAYS, INC.
By: _________________________________
Name:
Title:
` FIRST SECURITY BANK, NATIONAL
ASSOCIATION, not in its individual capacity
but solely as Lessor
By: ________________________________
Name:
Title:
AIRBUS INDUSTRIE CONSENT AND AGREEMENT
The undersigned, Airbus Industrie G.I.E., a groupement
d'interet economique established under Ordonnance No. 67-821 dated
September 23, 1967 of the Republic of France (the "Guarantor"), hereby
acknowledges notice of and consents to all of the terms of the Purchase
Agreement Assignment between US Airways, Inc., a Delaware corporation, and
First Security Bank, National Association, not in its individual capacity,
but solely as Lessor, with respect to US Airways, Inc. Trust No. N7___UW,
dated as of ______________ (hereinafter called the "Assignment", the
defined terms therein being hereinafter used with the same meaning), and to
the assignment of the Assigned Rights to the Indenture Trustee under the
Indenture, dated as of ______________, between ___________ and ____________
(hereinafter called the "Indenture"), and hereby confirms to the Assignor
and the Lessor and their respective successors and assigns that:
(i) except as provided in the Assignment, all representations,
warranties, and agreements of the Guarantor under the Consent and
Guaranty insofar as they relate to the Assigned Rights with respect
to the Aircraft shall inure to the benefit of the Lessor and its
respective successors and permitted assigns, to the same extent as
if the Lessor and its successors and permitted assigns had
originally been named the "Buyer" of the Aircraft therein;
(ii) the Guarantor will pay to the person or entity entitled to
receive the corresponding payment from AVSA under the terms of the
Assignment all amounts required to be paid by the Guarantor with
respect to the
Aircraft;
(iii) the Guarantor consents to the sale of the Aircraft by Lessee
to the Lessor, the assignment of Assignor's rights and interests
under the Purchase Agreement and the Consent and Guaranty to the
Lessor pursuant to the Assignment and to the assignment of the
Lessor's rights and interests in the Assignment to the Indenture
Trustee pursuant to the Indenture and the lease of the Aircraft by
the Lessor to the Assignor under the Lease; and
(iv) from and after the purchase of the Aircraft pursuant to the
Participation Agreement and payment in full for the Aircraft, the
Guarantor will not assert any lien or claim against the Aircraft or
any part thereof or against the Lessee, the Lessor, the Owner
Participant or the Indenture Trustee arising on or prior to such
purchase or in respect of any work or services performed on or
prior thereto.
The Guarantor hereby represents and warrants that:
(A) the Guarantor is a groupement d'interet economique duly
organized and existing in good standing under the laws of the Republic of
France and has the requisite power and authority to enter into and perform
its obligations under the Consent and Guaranty and this Consent and
Agreement;
(B) the making and performance, in accordance with their
terms of the Consent and Guaranty and this Consent and Agreement have been
duly authorized by all necessary corporate action on the part of the
Guarantor, do not require the consent or approval of the members of the
Guarantor, do not require the consent or approval of,or the giving of
notice to, or registration with, or the taking of any other action in
respect of, any French governmental authority or agency except for those
that have already been obtained and do not contravene any law binding on
the Guarantor or contravene the Guarantor's charter documents or any
indenture, credit agreement or other contractual agreement to which the
Guarantor is a party or by which it is bound;
(C) the Consent and Guaranty constituted, as of the date
thereof and at all times thereafter to and including the date of this
Consent and Agreement, and each of this Consent and Agreement and the
Consent and Guaranty constitutes, binding obligations of the Guarantor
enforceable against the Guarantor in accordance with their respective
terms, subject to: (i) the limitations of applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the rights
of creditors generally; and (ii) general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or
at law), which principles do not make the remedies available at law or in
equity with respect to the Purchase Agreement and this Consent and
Agreement inadequate for the practical realization of the benefits intended
to be provided thereby; and
(D) the Consent and Guaranty is in full force and effect.
This Consent and Agreement is made subject to and with the
benefit of Clause 3 of the Assignment and Section 4.03 of the Indenture.
* * * * * *
THIS CONSENT AND AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING
ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.
Dated as of ________________
AIRBUS INDUSTRIE G.I.E.
By: _______________________________
Name:
Title:
AVSA CONSENT AND AGREEMENT
The undersigned, AVSA, S.A.R.L., a societe a responsabilite
limitee organized and existing under the laws of the Republic of France
("AVSA"), hereby acknowledges notice of and consents to all of the terms of
the Purchase Agreement Assignment between US Airways, Inc., a Delaware
corporation, and First Security Bank, National Association, not in its
individual capacity, but solely as Lessor, with respect to US Airways, Inc.
Trust No. N___U_, dated as of ______________ (hereinafter called the
"Assignment," the defined terms therein being hereinafter used with the
same meaning), and to the assignment of the Assigned Rights to the
Indenture Trustee under the Indenture, dated as of _____________, between
__________ and _____________ (hereinafter called the "Indenture"), and
hereby confirms to the Assignor and the Lessor and their respective
successors and assigns that:
(i) except as provided in the Assignment, all representations,
warranties, indemnities and agreements of AVSA under the Purchase
Agreement insofar as they relate to the Assigned Rights with
respect to the Aircraft shall inure to the benefit of the Lessor
and its respective successors and permitted assigns to the same
extent as if the Lessor and its successors and permitted assigns
had originally been named the "Buyer" of the Aircraft therein;
(ii) AVSA will pay to the Assignor all payments required to be paid
by it under the Purchase Agreement, unless and until AVSA shall
have received written notice from the Indenture Trustee or the
Lessor (or, after the Indenture shall have been discharged in full,
the Lessor) addressed to it at the address and in the manner set
forth in the Assignment that an Event of Default has occurred and
is continuing, whereupon AVSA will make any and all payments
thereafter required to be made by it under the Purchase Agreement,
to the extent that the right to receive such payment has been
assigned under the Assignment ("AVSA Payments"), directly to the
Indenture Trustee (or, after the Indenture shall have been
discharged in full, the Lessor) if AVSA shall have received notice
as aforesaid that an Event of Default has occurred and is
continuing;
(iii) The Lessor shall not be liable for any of the obligations or
duties of the Assignor under the Purchase Agreement, nor shall the
Assignment give rise to any duties or obligations whatsoever on the
part of the Lessor owing to AVSA, except for the agreements of the
Lessor set forth in the Assignment, including, but not limited to
clause 3(b) of the Assignment;
(iv) AVSA consents to the sale of the Aircraft by Lessee to Lessor,
assignment of the Lessor's rights and interests in the Assignment
to the Indenture Trustee pursuant to the Indenture and to the lease
of the Aircraft by the Lessor to the Lessee under the Lease; and
(v) from and after the purchase of the Aircraft pursuant to the
Participation Agreement and payment in full for the Aircraft, AVSA
will not assert any lien or claim against the Aircraft or any part
thereof arising on or prior to such purchase or in respect of any
work or services performed on or prior thereto.
AVSA hereby represents and warrants that:
(A) AVSA is a societe a responsabilite limitee duly
organized and existing in good standing under the laws of the Republic of
France and has the requisite power and authority to enter into and perform
its obligations under the Purchase Agreement and this Consent and
Agreement;
(B) the making and performance, in accordance with their
terms, of the Purchase Agreement and this Consent and Agreement have been
duly authorized by all necessary corporate action on the part of AVSA, do
not require any approval of AVSA's shareholders, do not require the consent
or approval of, the giving notice to, or registration with, or the taking
of any other action in respect of, any French governmental authority or
agency except for those that have already been obtained and do not
contravene any law binding on AVSA or contravene AVSA's charter documents
or any indenture, credit agreement or other contractual agreement to which
AVSA is a party or by which it is bound;
(C) each of the Purchase Agreement and this Consent and
Agreement constitutes a binding obligation of AVSA enforceable against AVSA
in accordance with its terms, subject to: (i) the limitations of applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the rights of creditors generally; and (ii) general principles of
equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law), which principles do not make the remedies
available at law or in equity with respect to the Purchase Agreement and
this Consent and Agreement inadequate for the practical realization of the
benefits intended to be provided thereby; and
(D) the Purchase Agreement is in full force and effect as to
AVSA.
This Consent and Agreement is made subject to and with the
benefit of Clause 3 of the Assignment and Section 4.03 of the Indenture.
* * * * * *
THIS CONSENT AND AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING
ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.
Dated as of ________________
AVSA, S.A.R.L.
By: ________________________________
Name:
Title:
