DEPOSIT AGREEMENT (Class B) Dated as of October 11, 2007 between U.S. BANK NATIONAL ASSOCIATION as Escrow Agent and CREDIT SUISSE, NEW YORK BRANCH as Depositary
EXHIBIT 4.8
EXECUTION COPY
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DEPOSIT AGREEMENT
(Class B)
Dated as of October 11, 2007
between
U.S. BANK NATIONAL ASSOCIATION
as Escrow Agent
and
CREDIT SUISSE, NEW YORK BRANCH
as Depositary
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TABLE OF CONTENTS
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SECTION 1.1. |
Acceptance of Depositary |
2 |
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SECTION 1.2. |
Establishment of Accounts |
2 |
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SECTION 2.1. |
Deposits |
2 |
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SECTION 2.2. |
Interest |
2 |
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SECTION 2.3. |
Withdrawals |
3 |
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SECTION 2.4. |
Other Accounts |
3 |
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SECTION 3. |
Termination |
4 |
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SECTION 4. |
Payments |
4 |
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SECTION 5. |
Representation and Warranties |
4 |
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SECTION 6. |
Transfer |
5 |
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SECTION 7. |
Amendment, Etc |
6 |
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SECTION 8. |
Notices |
6 |
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SECTION 9. |
Obligations Unconditional |
6 |
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SECTION 10. |
Entire Agreement |
6 |
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SECTION 11. |
Governing Law |
6 |
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SECTION 12. |
Submission to Jurisdiction in New York |
6 |
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SECTION 13. |
Waiver of Jury Trial Right |
7 |
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SECTION 14. |
Counterparts |
7 |
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SECTION 15. |
Head Office Obligation |
7 |
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SECTION 16. |
Rights of Receiptholders |
7 |
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Exhibit A |
Form of Notice of Delivery Withdrawal |
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Exhibit B |
Form of Notice of Final Withdrawal |
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Exhibit C |
Form of Notice of Replacement Withdrawal |
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DEPOSIT AGREEMENT (Class B) dated as of October 11, 2007 (as amended, modified or supplemented from time to time, this “Agreement”) between U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Escrow Agent under the Escrow and Paying Agent Agreement referred to below (in such capacity, together with its successors in such capacity, the “Escrow Agent”), and CREDIT SUISSE, NEW YORK BRANCH, a branch of Credit Suisse, organized and existing under the laws of Switzerland and licensed under the laws of the State of New York, as depositary bank (the “Depositary”).
W I T N E S S E T H
WHEREAS, Delta Air Lines, Inc. (“Delta”) and U.S. Bank Trust National Association, not in its individual capacity except as otherwise expressly provided therein, but solely as trustee (in such capacity, together with its successors in such capacity, the “Pass Through Trustee”), have entered into a Trust Supplement, dated as of October 11, 2007 (the “Trust Supplement”), to the Pass Through Trust Agreement, dated as of November 16, 2000 (together, as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Pass Through Trust Agreement”), relating to Delta Air Lines Pass Through Trust 2007-1B pursuant to which the Delta Air Lines Pass Through Trust, Series 2007-1B Certificates referred to therein (the “Certificates”) are being issued (the date of such issuance, the “Issuance Date”);
WHEREAS, Delta and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Calyon Securities (USA) Inc., Xxxxxxx, Sachs & Co., and UBS Securities LLC (collectively, the “Initial Purchasers” and, together with their respective transferees and assigns as registered owners of the Certificates, the “Investors”) have entered into a Purchase Agreement, dated as of October 4, 2007, pursuant to which the Pass Through Trustee will issue and sell the Certificates to the Initial Purchasers;
WHEREAS, Delta, the Pass Through Trustee, certain other pass through trustees and certain other persons concurrently herewith are entering into the Note Purchase Agreement, dated as of the date hereof (the “Note Purchase Agreement”), pursuant to which the Pass Through Trustee has agreed to acquire from time to time on or prior to the Delivery Period Termination Date (as defined in the Note Purchase Agreement) equipment notes (the “Equipment Notes”) issued in respect of aircraft owned by Delta, utilizing a portion of the proceeds from the sale of the Certificates (the “Net Proceeds”);
WHEREAS, the Escrow Agent, the Initial Purchasers, the Pass Through Trustee and U.S. Bank Trust National Association, as paying agent for the Escrow Agent (in such capacity, together with its successors in such capacity, the “Paying Agent”) concurrently herewith are entering into an Escrow and Paying Agent Agreement, dated as of the date hereof (as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Escrow and Paying Agent Agreement”); and
WHEREAS, the Initial Purchasers and the Pass Through Trustee intend that the Net Proceeds be held in escrow by the Escrow Agent on behalf of the Investors pursuant to the Escrow and Paying Agent Agreement, subject to withdrawal upon request of and proper certification by the Pass Through Trustee for the purpose of purchasing Equipment Notes, and that pending such withdrawal the Net Proceeds be deposited by the Escrow Agent with the
Depositary pursuant to this Agreement, which provides for the Depositary to pay interest for distribution to the Investors and to establish accounts from which the Escrow Agent shall make withdrawals upon request of and proper certification by the Pass Through Trustee.
NOW, THEREFORE, in consideration of the obligations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.1. Acceptance of Depositary. The Depositary hereby agrees to act as depositary bank as provided herein and in connection therewith to accept all amounts to be delivered to or held by the Depositary pursuant to the terms of this Agreement. The Depositary further agrees to hold, maintain and safeguard the Deposits and the Accounts (as defined below) during the term of this Agreement in accordance with the provisions of this Agreement. The Escrow Agent shall not have any right to withdraw, assign or otherwise transfer moneys held in the Accounts except as permitted by this Agreement.
SECTION 1.2. Establishment of Accounts. The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.
SECTION 2.1. Deposits. The Escrow Agent shall direct the Initial Purchasers to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: Credit Suisse, New York Branch, Reference: Delta 2007-1B, and the Depositary shall accept from the Initial Purchasers, on behalf of the Escrow Agent, the sum of US$265,366,000. Upon acceptance of such sum, the Depositary shall (i) establish each of the deposits specified in Schedule I hereto maturing in accordance with this Agreement (including any deposit made pursuant to Section 2.4 hereof, individually, a “Deposit” and, collectively, the “Deposits”) and (ii) credit each Deposit to the related Account as set forth therein. No amount shall be deposited in any Account other than the related Deposit.
SECTION 2.2. Interest. Each Deposit shall bear interest from and including the date of deposit to but excluding the date of withdrawal at the rate of 8.021% per annum (computed on the basis of a 360-day year of twelve 30-day months) payable to the Paying Agent on behalf of the Escrow Agent in arrears on February 10, 2008, on the date of the Final Withdrawal (as defined below), or on the date of the Replacement Withdrawal (as defined below), as applicable, all in accordance with the terms of this Agreement (notwithstanding the fact that the relevant Account may have been closed before February 10, 2008). Interest accrued on any Deposit that is withdrawn pursuant to a Notice of Delivery Withdrawal (as defined below) shall be paid on February 10, 2008, notwithstanding any intervening Final Withdrawal (as defined below) with respect to any other Deposit. All interest paid pursuant to this Agreement shall be non-compounding.
SECTION 2.3. Withdrawals. (a) On and after the date seven days after the establishment of any Deposit, the Escrow Agent may, by providing at least one Business Day’s
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prior notice of withdrawal to the Depositary in the form of Exhibit A hereto (a “Notice of Delivery Withdrawal”), withdraw not less than the entire balance of such Deposit, except that at any time prior to the actual withdrawal of such Deposit, the Escrow Agent or the Pass Through Trustee may, by notice to the Depositary, cancel such withdrawal (including on the scheduled date therefor), and thereafter such Deposit shall continue to be maintained by the Depositary in accordance with the original terms thereof. Following such withdrawal the balance in the related Account shall be reduced to zero and the Depositary shall close such Account. As used herein, “Business Day” means any day, other than a Saturday, Sunday or other day on which commercial banks are authorized or required by law to close in New York, New York, Atlanta, Georgia or Boston, Massachusetts. The Depositary may waive the foregoing requirement that any Deposit can only be withdrawn on or after seven days after the establishment thereof, and may instead reserve the right, upon at least 14 days’ prior written notice to Delta, the Escrow Agent and the Pass Through Trustee, to require seven days’ notice for any withdrawal.
(b) (i) The Escrow Agent may, by providing at least 15 days’ prior notice of withdrawal to the Depositary in the form of Exhibit B hereto (a “Notice of Final Withdrawal”), withdraw the entire amount of all of the remaining Deposits together with the payment by the Depositary of all accrued interest on such Deposits to but excluding the date of withdrawal (a “Final Withdrawal”), on such date as shall be specified in such Notice of Final Withdrawal. If a Notice of Final Withdrawal has not been given to the Depositary on or before January 9, 2008 and there are unwithdrawn Deposits on such date, the Depositary shall pay the amount of the Final Withdrawal to the Paying Agent on January 24, 2008. Following any Final Withdrawal the balance in the related Account shall be reduced to zero and the Depositary shall close such Account.
(ii) The Escrow Agent may, by providing at least five Business Days’ prior notice of withdrawal to the Depositary in the form of Exhibit C hereto (a “Notice of Replacement Withdrawal”), withdraw the entire amount of all Deposits then held by the Depositary together with all accrued interest on such Deposits (including Deposits previously withdrawn pursuant to a Notice of Delivery Withdrawal) to but excluding the specified date of withdrawal (a “Replacement Withdrawal”), on such date as shall be specified in such Notice of Replacement Withdrawal.
(c) If the Depositary receives a duly completed Notice of Delivery Withdrawal, Notice of Final Withdrawal or Notice of Replacement Withdrawal (each, a “Withdrawal Notice”) complying with the provisions of this Agreement, it shall make the payments specified therein in accordance with the provisions of this Agreement.
SECTION 2.4. Other Accounts. On the date of withdrawal of any Deposit (other than the date of the Final Withdrawal or Replacement Withdrawal), the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall re-deposit with the Depositary any portion thereof not used to acquire Equipment Notes and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall
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mature in accordance with this Agreement and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of receipt of each such re-deposit and the account number assigned thereto.
SECTION 3. Termination. This Agreement shall terminate on the fifth Business Day after the later of the date on which (i) all of the Deposits shall have been withdrawn and paid as provided herein without any re-deposit and (ii) all accrued and unpaid interest on the Deposits shall have been paid as provided herein, but in no event prior to the date on which the Depositary shall have performed in full its obligations hereunder.
SECTION 4. Payments. All payments (including, without limitation, those payments made in respect of Taxes (as defined and provided for below)) made by the Depositary hereunder shall be paid in United States Dollars and immediately available funds by wire transfer (i) in the case of accrued interest on the Deposits payable under Section 2.2 hereof or any Final Withdrawal, directly to the Paying Agent at U.S. Bank Trust National Association, Wilmington, DE, ABA# 000000000, Account No. 173103321092, Attention: Xxxxxx Xxxxxx, Telephone No.: (000) 000-0000, Reference: Delta Air Lines PTT, Series 2007-1B, or to such other account as the Paying Agent may direct from time to time in writing to the Depositary and the Escrow Agent and (ii) in the case of any withdrawal of one or more Deposits pursuant to a Notice of Delivery Withdrawal or Notice of Replacement Withdrawal, directly to or as directed by the Pass Through Trustee as specified and in the manner provided in such Notice of Delivery Withdrawal or Notice of Replacement Withdrawal. The Depositary hereby waives any and all rights of set-off, combination of accounts, right of retention or similar right (whether arising under applicable law, contract or otherwise) it may have against the Deposits howsoever arising. All payments on or in respect of each Deposit shall be made free and clear of and without reduction for or on account of any and all taxes, levies or other impositions or charges (collectively, “Taxes”). However, if the Depositary or the Paying Agent (pursuant to Section 2.04 of the Escrow and Paying Agent Agreement) shall be required by law to deduct or withhold any Taxes from or in respect of any sum payable hereunder, the Depositary shall (i) make such deductions or withholding, (ii) pay the full amount deducted or withheld (including in respect of such additional amounts) to the competent taxation authority and (iii) if the Taxes required to be deducted or withheld are imposed by Switzerland or any political subdivision thereof, pay such additional amounts as may be necessary in order that the actual amount received by the designated recipient of such sum under this Agreement or the Escrow and Paying Agent Agreement after such deduction or withholding equals the sum it would have received had no such deduction or withholding been required. If the date on which any payment due on any Deposit would otherwise fall on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day, and no additional interest shall accrue in respect of such extension.
SECTION 5. Representation and Warranties. The Depositary hereby represents and warrants to Delta, the Escrow Agent, the Pass Through Trustee and the Paying Agent that:
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(a) it is a banking corporation duly organized and validly existing in good standing under the laws of its jurisdiction of organization and is duly qualified to conduct banking business in the State of New York; |
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(b) it has full power, authority and legal right to conduct its business and operations as currently conducted and to enter into and perform its obligations under this Agreement; |
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(c) the execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action on the part of it and do not require any stockholder approval, or approval or consent of any trustee or holder of any indebtedness or obligations of it, and this Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligations enforceable against it in accordance with the terms hereof; |
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(d) no authorization, consent or approval of or other action by, and no notice to or filing with, any United States federal or state governmental authority or regulatory body is required for the execution, delivery or performance by it of this Agreement; |
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(e) neither the execution, delivery or performance by it of this Agreement, nor compliance with the terms and provisions hereof, conflicts or will conflict with or results or will result in a breach or violation of any of the terms, conditions or provisions of, or will require any consent or approval under, any law, governmental rule or regulation or the charter documents, as amended, or bylaws, as amended, of it or any similar instrument binding on it or any order, writ, injunction or decree of any court or governmental authority against it or by which it or any of its properties is bound or of any indenture, mortgage or contract or other agreement or instrument to which it is a party or by which it or any of its properties is bound, or constitutes or will constitute a default thereunder or results or will result in the imposition of any lien upon any of its properties; and |
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(f) there are no pending or, to its knowledge, threatened actions, suits, investigations or proceedings (whether or not purportedly on behalf of it) against or affecting it or any of its property before or by any court or administrative agency which, if adversely determined, (i) would adversely affect the ability of it to perform its obligations under this Agreement or (ii) would call into question or challenge the validity of this Agreement or the enforceability hereof in accordance with the terms hereof, nor is the Depositary in default with respect to any order of any court, governmental authority, arbitration board or administrative agency so as to adversely affect its ability to perform its obligations under this Agreement. |
SECTION 6. Transfer. Neither party hereto shall be entitled to assign or otherwise transfer this Agreement (or any interest herein) other than (in the case of the Escrow Agent) to a successor escrow agent under the Escrow and Paying Agent Agreement, and any purported assignment in violation thereof shall be void. This Agreement shall be binding upon the parties hereto and their respective successors and (in the case of the Escrow Agent) permitted assigns.
SECTION 7. Amendment, Etc. This Agreement may not be amended, waived or otherwise modified except by an instrument in writing signed by the party against whom the amendment, waiver or other modification is sought to be enforced and by the Pass Through Trustee.
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SECTION 8. Notices. Unless otherwise expressly provided herein, any notice or other communication under this Agreement shall be in writing (including by facsimile) and shall be deemed to be given and effective upon receipt thereof. All notices shall be sent to (x) in the case of the Depositary, Credit Suisse, New York Branch, 00 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Xxxx Xxxxxx (Telecopier: (000) 000-0000), with copies to Xxxxx Xxxxx (Telecopier: (000) 000-0000) and Xxxx Xxxxxxxx (Telecopier: (000) 000-0000) at the foregoing address or (y) in the case of the Escrow Agent, U.S. Bank National Association, Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx, Mail Code EX-MA-FED, Xxxxxx, Xxxxxxxxxxxxx 00000, Attention: Corporate Trust Services (Telecopier: (000) 000-0000), in each case, with a copy to the Pass Through Trustee, U.S. Bank Trust National Association, 000 Xxxxxxxx Xxxxxx, 0xx Xxxxx, Mail Code EX-DE-WDAW, Xxxxxxxxxx, Xxxxxxxx 00000, Attention: Corporate Trust Services (Telecopier: (000) 000-0000) and to Delta, Delta Air Lines, Inc., 0000 Xxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxx 00000, Attention: Treasurer, Dept. 856 (Telecopier: (000) 000-0000), with a copy to General Counsel at the same address, but Dept. 971 (Telecopier: (000) 000-0000) (or at such other address as any such party may specify from time to time in a written notice to the parties hereto). On or prior to the execution of this Agreement, the Escrow Agent has delivered to the Depositary a certificate containing specimen signatures of the representatives of the Escrow Agent who are authorized to give notices and instructions with respect to this Agreement. The Depositary may conclusively rely on such certificate until the Depositary receives written notice from the Escrow Agent to the contrary.
SECTION 9. Obligations Unconditional. The Depositary hereby acknowledges and agrees that its obligation to repay each Deposit together with interest thereon as provided herein is absolute, irrevocable and unconditional and constitutes a full recourse obligation of the Depositary enforceable against it to the full extent of all of its assets and properties.
SECTION 10. Entire Agreement. This Agreement (including all attachments hereto) sets forth all of the promises, covenants, agreements, conditions and understandings between the Depositary and the Escrow Agent with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and undertakings, inducements or conditions, express or implied, oral or written.
SECTION 11. Governing Law. This Agreement, and the rights and obligations of the Depositary and the Escrow Agent with respect to the Deposits, shall be governed by, and construed in accordance with, the laws of the State of New York and subject to the provisions of Regulation D of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time.
SECTION 12. Submission to Jurisdiction in New York. Each of the parties hereto, to the extent it may do so under applicable law, hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Agreement, the subject matter hereof or any of the transactions contemplated hereby brought by any party or parties hereto, or their successors or permitted assigns and (b) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or
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proceeding is improper or that this Agreement or the subject matter hereof or any of the transactions contemplated hereby may not be enforced in or by such courts.
SECTION 13. Waiver of Jury Trial Right. EACH OF THE DEPOSITARY AND THE ESCROW AGENT ACKNOWLEDGES AND ACCEPTS THAT IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT SUCH PARTY IRREVOCABLY WAIVES ITS RIGHT TO A TRIAL BY JURY.
SECTION 14. Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one instrument.
SECTION 15. Head Office Obligation. Credit Suisse hereby agrees that the obligations of the Depositary hereunder are also the obligations of Credit Suisse’s Head Office in Zurich, Switzerland. Accordingly, any beneficiary of this Agreement will be able to proceed directly against Credit Suisse’s Head Office in Zurich, Switzerland, if Credit Suisse’s New York Branch defaults in its obligation to such beneficiary under this Agreement.
SECTION 16. Rights of Receiptholders. The Depositary acknowledges that, if the Depositary shall fail to pay when due hereunder any interest on the Deposits or the Final Withdrawal, the “Receiptholders” (as defined in the Escrow and Paying Agent Agreement) shall have the right to claim directly against the Depositary as provided in Section 15 of the Escrow and Paying Agent Agreement and that any such claim shall not be subject to defenses that the Depositary may have against the Escrow Agent.
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IN WITNESS WHEREOF, the Escrow Agent and the Depositary have caused this Deposit Agreement to be duly executed as of the day and year first above written.
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U.S. BANK NATIONAL ASSOCIATION, |
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as Escrow Agent |
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By |
/s/ Alison X.X. Xxxxxx |
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Name: Alison X.X. Xxxxxx |
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Title: Vice President |
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CREDIT SUISSE, NEW YORK BRANCH, |
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as Depositary |
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By |
/s/ Xxxx Xxxxxxxx |
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Name: Xxxx Xxxxxxxx |
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Title: Director |
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By |
/s/ Xxxx Xxxxxxxxx |
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Name: Xxxx Xxxxxxxxx |
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Title: Vice President |
Schedule I
Schedule of
Deposits
Class B
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Aircraft Type |
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Reg. No. |
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Deposit Amount |
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Account No. |
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Boeing 767-432ER |
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N826MH |
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$ |
7,240,000.00 |
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N826MH - B |
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Boeing 767-432ER |
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N841MH |
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$ |
7,657,000.00 |
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N841MH - B |
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Boeing 767-432ER |
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N843MH |
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$ |
8,191,000.00 |
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N843MH - B |
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Boeing 767-432ER |
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N844MH |
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$ |
8,191,000.00 |
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N844MH - B |
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Boeing 767-432ER |
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N840MH |
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$ |
7,657,000.00 |
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N840MH - B |
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Boeing 767-432ER |
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N825MH |
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$ |
7,240,000.00 |
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N825MH - B |
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Boeing 767-432ER |
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N827MH |
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$ |
7,657,000.00 |
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N827MH - B |
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Boeing 767-432ER |
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N834MH |
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$ |
7,240,000.00 |
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N834MH - B |
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Boeing 767-432ER |
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N835MH |
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$ |
7,240,000.00 |
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N835MH - B |
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Boeing 767-432ER |
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N836MH |
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$ |
7,240,000.00 |
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N836MH - B |
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Boeing 767-432ER |
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N837MH |
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$ |
7,240,000.00 |
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N837MH - B |
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Boeing 767-432ER |
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N838MH |
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$ |
7,657,000.00 |
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N838MH - B |
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Boeing 767-432ER |
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N839MH |
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$ |
7,657,000.00 |
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N839MH - B |
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Boeing 767-432ER |
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N842MH |
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$ |
7,657,000.00 |
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N842MH - B |
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Boeing 777-232ER |
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N865DA |
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$ |
12,146,000.00 |
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N865DA - B |
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Boeing 777-232ER |
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N866DA |
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$ |
12,146,000.00 |
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N866DA - B |
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Boeing 777-232ER |
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N861DA |
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$ |
12,146,000.00 |
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N861DA - B |
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Boeing 737-832 |
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N371DA |
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$ |
3,795,000.00 |
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N371DA - B |
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Boeing 737-832 |
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N3754A |
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$ |
4,585,000.00 |
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X0000X - X |
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Xxxxxx 000-000 |
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X0000X |
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$ |
4,585,000.00 |
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N3755D - B |
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Boeing 737-832 |
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N3749D |
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$ |
4,585,000.00 |
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N3749D - B |
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Boeing 737-832 |
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N3751B |
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$ |
4,585,000.00 |
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N3751B - B |
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Boeing 737-832 |
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N3752 |
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$ |
4,585,000.00 |
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N3752 - B |
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Boeing 737-832 |
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N3756 |
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$ |
4,585,000.00 |
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X0000 - X |
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Xxxxxx 000-000 |
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X0000X |
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$ |
4,585,000.00 |
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N3757D - B |
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Boeing 737-832 |
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N3758Y |
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$ |
4,585,000.00 |
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N3758Y - B |
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Boeing 737-832 |
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N3750D |
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$ |
4,585,000.00 |
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N3750D - B |
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Boeing 737-832 |
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N3753 |
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$ |
4,585,000.00 |
|
|
N3753 - B |
|
Boeing 767-332ER |
|
N174DZ |
|
$ |
5,819,000.00 |
|
|
N174DZ - B |
|
Boeing 767-332ER |
|
N175DZ |
|
$ |
6,372,000.00 |
|
|
N175DZ - B |
|
Boeing 767-332ER |
|
N176DZ |
|
$ |
6,372,000.00 |
|
|
N176DZ - B |
|
Boeing 767-332ER |
|
N177DZ |
|
$ |
6,372,000.00 |
|
|
N177DZ - B |
|
Boeing 777-232ER |
|
N862DA |
|
$ |
12,146,000.00 |
|
|
N862DA - B |
|
Boeing 777-232ER |
|
N863DA |
|
$ |
12,146,000.00 |
|
|
N863DA - B |
|
Boeing 777-232ER |
|
N864DA |
|
$ |
12,146,000.00 |
|
|
N864DA - B |
|
Boeing 777-232ER |
|
N860DA |
|
$ |
12,146,000.00 |
|
|
N860DA - B |
EXHIBIT A
NOTICE OF DELIVERY WITHDRAWAL
CREDIT SUISSE, NEW YORK BRANCH
00 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx Xxxxxx
Telecopier: 000-000-0000
Attention: Xxxxx Xxxxx
Telecopier: 000-000-0000
Attention: Xxxx
Xxxxxxxx
Telecopier: 000-000-0000
Gentlemen:
Reference is made to the Deposit Agreement (Class B) dated as of October 11, 2007 (the “Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and Credit Suisse, New York Branch, as Depositary (the “Depositary”).
In accordance with Section 2.3(a) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of the Deposit, $[_______], Account No. ____________.
The undersigned hereby directs the Depositary to pay the proceeds of the Deposit to ________________, Account No. _____, Reference: _________] on _________ __, 2007, upon the telephonic request of a representative of the Pass Through Trustee.
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U.S. BANK NATIONAL ASSOCIATION, |
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as Escrow Agent |
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By |
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Name: |
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Title: |
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Dated: _______ __, 2007
EXHIBIT B
NOTICE OF FINAL WITHDRAWAL
CREDIT SUISSE, NEW YORK BRANCH
00 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx Xxxxxx
Telecopier: 000-000-0000
Attention: Xxxxx Xxxxx
Telecopier: 000-000-0000
Attention:
Xxxx Xxxxxxxx
Telecopier: 000-000-0000
Gentlemen:
Reference is made to the Deposit Agreement (Class B) dated as of October 11, 2007 (the “Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and Credit Suisse, New York Branch, as Depositary (the “Depositary”).
In accordance with Section 2.3(b)(i) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of all remaining Deposits together with the payment of all accrued interest on such Deposits.
The undersigned hereby directs the Depositary to pay the proceeds of such Deposits and accrued interest thereon on _________ __, 2007 to the Paying Agent at U.S. Bank National Association, ABA# __________, Account No. _____________, Reference: Xxxxx 0000-0X.
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X.X. BANK NATIONAL ASSOCIATION, |
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as Escrow Agent |
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By |
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Name: |
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Title: |
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Dated: _______ __, 200_
EXHIBIT C
NOTICE OF REPLACEMENT WITHDRAWAL
CREDIT SUISSE, NEW YORK BRANCH
00 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx Xxxxxx
Telecopier: 000-000-0000
Attention: Xxxxx Xxxxx
Telecopier: 000-000-0000
Attention: Xxxx
Xxxxxxxx
Telecopier: 000-000-0000
Reference is made to the Deposit Agreement (Class B) dated as of October 11, 2007 (the “Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and Credit Suisse, New York Branch, as Depositary (the “Depositary”).
In accordance with Section 2.3(b)(ii) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of all Deposits remaining as of the date hereof together with the payment of all accrued interest on such Deposits.
The undersigned hereby directs the Depositary to pay the proceeds of the Deposits and accrued interest thereon on _________ __, 2007 to [_____________________], Reference: Xxxxx 0000-0X.
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X.X. BANK NATIONAL ASSOCIATION, |
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as Escrow Agent |
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By |
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Name: |
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Title: |
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Dated: _________, 2007
