INTERNATIONAL LEASE FINANCE CORPORATION
MEDIUM-TERM NOTE, SERIES H
(FIXED RATE)
REGISTERED REGISTERED
NO. FXR-
CUSIP-
If this Security is registered in the name of The Depository
Trust Company (the "Depositary") (00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx
Xxxx) or its nominee, this Security may not be transferred except
as a whole by the Depositary to a nominee of the Depositary or by
a nominee of the Depositary to the Depositary or another nominee
of the Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary
unless and until this Security is exchanged in whole or in part
for Securities in definitive form. Unless this certificate is
presented by an authorized representative of the Depositary to
the Company or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name
of Cede & Co. or such other name as requested by an authorized
representative of the Depositary and any payment is made to Cede
& Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered
owner hereof, Cede & Co. has an interest herein.
Original
Stated Interest Issue Principal
Maturity: Rate: Date: Amount:
__________ ___________% __________ __________
Issue Price:
Repurchase Price Overdue
(for Discount Rate (if any):
Securities):
Redeemable On Or After:
Optional Repayment Date:
Optional Reset Dates:
Extension Periods:
Final Maturity:
Other Provisions:
INTERNATIONAL LEASE FINANCE CORPORATION, a California
corporation (herein called the "Company", which term includes any
successor corporation under the Indenture, as hereinafter
defined), for value received, hereby promises to pay to Cede &
Co., or registered assigns, the principal sum set forth above at
Stated Maturity shown above and to pay interest thereon from the
Original Issue Date shown above or from the most recent Interest
Payment Date (as defined below) to which interest has been paid
or duly provided for at a fixed rate per annum semi-annually in
arrears on April 15 and October 15 in each year, unless otherwise
set forth above ("Interest Payment Dates"), until the principal
hereof is paid or made available for payment, and on Stated
Maturity. Interest will be payable on each Interest Payment Date
and at Stated Maturity or upon redemption or optional repayment.
Interest will be payable to the Holder at the close of business
on the Regular Record Date which shall be April 1 and October 1
of each year, unless otherwise set forth above, next preceding
such Interest Payment Date; provided, however, that interest
payable at Stated Maturity or upon redemption or optional
repayment will be payable to the person to whom principal is
payable and (to the extent that the payment of such interest
shall be legally enforceable) at the Overdue Rate, if any, per
annum set forth above on any overdue principal and premium and on
any overdue installment of interest. If the Original Issue Date
is between a Regular Record Date and the next succeeding Interest
Payment Date, the first payment of interest hereon will be made
on the Interest Payment Date following the next succeeding
Regular Record Date to the Holder on such next Regular Record
Date.
Payment of the principal, and premium, if any, and
interest payable at Stated Maturity or upon redemption or
optional repayment on this Security will be made in immediately
available funds at the corporate trust office of the Trustee in
St. Xxxx, Minnesota or at the agency of the Trustee maintained
for that purpose in New York, New York, provided that this
Security is presented to the Trustee in time for the Trustee to
make such payments in such funds in accordance with its normal
procedures. Interest (other than interest payable at Stated
Maturity or upon redemption or optional repayment) will be paid
by check mailed to the address of the person entitled thereto as
it appears in the Security Register on the applicable Regular
Record Date or, at the option of the Company, by wire transfer to
an account maintained by such person with a bank located in the
United States. Notwithstanding the foregoing, (i) the Depositary
or its nominee, if it is the registered Holder of this Security,
will be entitled to receive payments of interest (other than at
Stated Maturity or upon redemption or optional repayment) by wire
transfer to an account maintained by such Holder with a bank
located in the United States, and (ii) a Holder of $10,000,000 or
more in aggregate principal amount of Securities having the same
Interest Payment Date will, upon receipt on or prior to the
Regular Record Date preceding an applicable Interest Payment Date
by the Trustee of written instructions from such Holder, be
entitled to receive payments of interest (other than at Stated
Maturity or upon redemption or optional repayment) by wire
transfer to an account maintained by such Holder with a bank
located in the United States. Such instructions shall remain in
effect with respect to payments of interest made to such Holder
on subsequent Interest Payment Dates unless revoked or changed by
written instructions received by the Trustee from such Holder,
provided that any such written revocation or change which is
received by the Trustee after a Regular Record Date and before
the related Interest Payment Date shall not be effective with
respect to the interest payable on such Interest Payment Date.
This Security is one of a duly authorized issue of
Medium-Term Notes, Series H of the Company (herein called the
"Securities"), issued and to be issued under an Indenture dated
as of November 1, 1991 (herein called the "Indenture") between
the Company and First Trust National Association (successor to
Continental Bank, National Association), as trustee (herein
called the "Trustee", which term includes any successor trustee
under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of
the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders
of the Securities and the terms upon which the Securities are,
and are to be, authenticated and delivered. This Security is one
of the series designated on the face hereof. The Securities of
this series may be issued from time to time at varying
maturities, interest rates and other terms as may be designated
with respect to a Security.
Interest payments for this Security will include
interest accrued to but excluding the Interest Payment Dates.
Interest payments for this Security shall be computed and paid on
the basis of a 360-day year of twelve 30-day months. If any
Interest Payment Date specified on the face hereof would
otherwise be a day that is not a Business Day, the Interest
Payment Date shall be postponed to the next day that is a
Business Day. "Business Day" means any day that is not a
Saturday or Sunday and that, in The City of New York, is not a
day on which banking institutions are generally authorized or
obligated to close.
On each Optional Reset Date, if any, specified on the
face hereof, the Company has the option to reset the interest
rate hereon. If no date or dates for such reset are set forth on
the face hereof, this Security will not be subject to such reset.
The Company may exercise such option by notifying the Trustee of
such exercise at least 45 but not more than 60 days prior to an
Optional Reset Date. Not later than 40 days prior to such
Optional Reset Date, the Trustee will mail to the Holder hereof a
notice (the "Reset Notice"), first class, postage prepaid. The
Reset Notice will indicate whether the Company has elected to
reset the interest rate hereon and if so, (i) such new interest
rate; and (ii) the provisions, if any, for redemption during the
period from such Optional Reset Date to the next Optional Reset
Date or, if there is no such next Optional Reset Date, to Stated
Maturity (each such period a "Subsequent Interest Period"),
including the date or dates on which or the period or periods
during which and the price or prices at which such redemption may
occur during such Subsequent Interest Period.
Notwithstanding the foregoing, the Company may, at its
option, revoke the interest rate as provided for in the Reset
Notice, and establish an interest rate that is higher than the
interest rate provided for in the relevant Reset Notice for the
Subsequent Interest Period commencing on such Optional Reset
Date, by causing the Trustee to mail, not later than 20 days
prior to an Optional Reset Date, a notice of such higher interest
rate to the Holder hereof. Such notice will be irrevocable. The
Company must notify the Trustee of its intentions to revoke such
Reset Notice at least 25 days prior to such Optional Reset Date.
If the interest rate hereof is reset on an Optional Reset Date
and the Holder hereof has not tendered this Security for
repayment (or has validly revoked any such tender) pursuant to
the next succeeding paragraph, such Holder will bear such higher
interest rate for the Subsequent Interest Period.
If the Company elects to reset the interest rate hereon
as described above, the Holder hereof will have the option to
elect repayment hereof by the Company on any Optional Reset Date
at a price equal to the aggregate principal amount hereof
outstanding on, plus any interest accrued to, such Optional Reset
Date. In order to exercise such option, the Holder hereof must
follow the procedures set forth below for optional repayment,
except that (i) the period for delivery of this Security or
notification to the Trustee will be at least 25 but not more than
35 days prior to such Optional Reset Date and (ii) a Holder who
has tendered for repayment pursuant to a Reset Notice may, by
written notice to the Trustee, revoke any such tender until the
close of business on the tenth day prior to such Optional Reset
Date.
The Company may extend the Stated Maturity of this
Security for the number of periods of whole years from one to
five, if any, specified on the face hereof under Extension
Periods up to but not beyond the Final Maturity Date specified on
the face hereof. If no period or periods for such extension are
set forth on the face hereof, this Security will not be subject
to such extension. The Company may exercise such option by
notifying the Trustee of such exercise at least 45 but not more
than 60 days prior to the old Stated Maturity. Not later than 40
days prior to the old Stated Maturity, the Trustee will mail to
the Holder hereof a notice (the "Extension Notice"), first class,
postage prepaid. The Extension Notice will set forth (i) the
election of the Company to extend the Stated Maturity; (ii) the
new Stated Maturity; (iii) the interest rate applicable to the
Extension Period; and (iv) the provisions, if any, for redemption
during the Extension Period, including the date or dates on which
or the period or periods during which and the price or prices at
which such redemption may occur during the Extension Period.
Upon the mailing by such Trustee of an Extension Notice to the
Holder hereof, the Stated Maturity shall be extended
automatically, and, except as modified by the Extension Notice
and as described in the next paragraph, this Security will have
the same terms as prior to the mailing of such Extension Notice.
Notwithstanding the foregoing, not later than 20 days
prior to the old Stated Maturity, the Company may, at its option,
revoke the interest rate provided for in the Extension Notice and
establish a higher interest rate for the Extension Period, by
causing the Trustee to mail notice of such higher interest rate,
as the case may be, first class, postage prepaid, to the Holder
hereof. Such notice will be irrevocable. In such case, this
Security will bear such higher interest rate for the Extension
Period, whether or not tendered for repayment.
If the Company extends Stated Maturity, the Holder
hereof will have the option to elect repayment hereof by the
Company on the old Stated Maturity at a price equal to the
principal amount hereof, plus any interest accrued to such date.
In order to exercise such option, the Holder hereof must follow
the procedures set forth for optional repayment, except that
(i) the period for delivery of this Security or notification to
the Trustee will be at least 25 but not more than 35 days prior
to the old Stated Maturity and (ii) a Holder who has tendered for
repayment pursuant to an Extension Notice may, by written notice
to the Trustee, revoke any such tender for repayment until the
close of business on the tenth day before the old Stated
Maturity.
Unless otherwise indicated on the face of this
Security, this Security may not be redeemed prior to Stated
Maturity. If so indicated on the face of this Security, this
Security may be redeemed, at the option of the Company, on any
date on or after the date set forth on the face hereof, either in
whole or from time to time in part at a redemption price equal to
100% of the principal amount redeemed, together with interest
accrued and unpaid thereon to the date of redemption. Notice of
redemption shall be mailed to the Holders of the Securities
designated for redemption at their addresses as the same shall
appear in the Security Register not less than 30 and not more
than 60 days prior to the date of redemption, subject to all the
conditions and provisions of the Indenture. In the event of any
redemption, the Company will not be required to (i) issue,
register the transfer of, or exchange any Security during a
period beginning at the opening of business 15 days before any
selection of Securities to be redeemed and ending at the close of
business on the date of mailing of the relevant notice of
redemption or (ii) register the transfer or exchange of any
Security, or any portion thereof, called for redemption, except
the unredeemed portion of any Security being redeemed in part.
Only a new Security or Securities for the amount of the
unredeemed portion hereof shall be issued in the name of the
Holder hereof upon the cancellation hereof.
If so provided on the face of this Security, the
Security will be subject to repayment at the option of the Holder
on the date or dates so indicated on the face hereof. If no date
or dates for such repayment are set forth on the face hereof,
this Security will not be repayable at the option of the Holder
prior to Stated Maturity. On an optional repayment date, if any,
this Security will be repayable in whole or in part in increments
of $1,000 at the option of the Holder at a price equal to 100% of
the principal amount to be repaid, together with interest thereon
payable to the date of repayment, if the "Option to Elect
Repayment," duly completed and received by the Company in
accordance with the terms of this Security, is received by the
Company not more than 60 nor less than 30 days prior to the date
or dates of repayment set forth on the face hereof. In the event
of repayment of this Security in part only, a new Security for
the unrepaid portion hereof shall be issued in the name of the
Holder hereof upon the surrender hereof.
If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.
Unless otherwise specified on the face hereof, if
(i) this Security is issued with original issue discount (as
defined in the Internal Revenue Code of 1986, as amended) and
(ii) the principal hereof is declared to be due and payable
immediately, the amount of principal due and payable with respect
hereto shall be limited to the Principal Amount hereof multiplied
by the sum of the Issue Price hereof (expressed as a percentage
of the Principal Amount hereof) plus the original issue discount
amortized from the Original Issue Date to the date of
declaration, which amortization shall be calculated using the
"interest method" (computed in accordance with generally accepted
accounting principles in effect on the date of declaration).
The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of
the rights and obligations of the Company and the rights of the
Holders of the Securities of each series to be affected under the
Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in principal
amount of the Securities at the time outstanding of each series
to be affected. The Indenture also contains provisions
permitting the Holders of not less than a majority in principal
amount of the outstanding Securities of any such series to waive
compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and
upon all future Holders of this Security and of any Security
issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Security.
No reference herein to the Indenture and no provisions
of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional,
to pay the principal of, premium, if any, and interest on this
Security at the times, places and rate, and in the coin or
currency, herein prescribed. However, the Indenture limits
Xxxxxx's rights to enforce the Indenture and this Security.
This Security is exchangeable only if (i) the
Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for this Global Security or if at any time
the Depositary ceases to be a clearing agency registered under
the Securities Exchange Act of 1934, as amended, and a successor
Depositary is not appointed within the time specified in the
Indenture, or (ii) the Company in its sole discretion determines
that all Global Securities of the same series as this Security
shall be exchangeable for definitive Securities of differing
denominations aggregating a like amount in registered form. If
this Security is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for definitive Securities of differing
denominations aggregating a like amount in registered form in
denominations of $1,000 and integral multiples of $1,000 in
excess thereof, bearing interest at the same rate, having the
same date of issuance, redemption provisions, if any, Stated
Maturity and other terms.
The Depositary will not sell, assign, transfer or
otherwise convey any beneficial interest in this Security unless
such beneficial interest is in an amount equal to $1,000 or an
integral multiple of $1,000 in excess thereof. The Depositary,
by accepting this Security, agrees to be bound by such provision.
No service charge shall be made for any such
registration of transfer or exchange, but the Company may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent
of the Company or the Trustee may treat the person in whose name
this Security is registered as the owner hereof for all purposes,
whether or not this Security be overdue, and none of the Company,
the Trustee or any such agent shall be affected by notice to the
contrary.
THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY
AND CONSTITUTED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.
All terms used in this Security which are defined in
the Indenture shall have the meanings assigned to them in the
Indenture.
IN WITNESS WHEREOF, the Company has caused this
instrument to be duly executed under its corporate seal as of the
Dated Date set forth on the face hereof.
INTERNATIONAL LEASE FINANCE CORPORATION
[Seal]
By: __________________________________
Chairman of the Board
__________________________________
President
Attest:
__________________________________
Secretary
Unless the certificate of authentication hereon has
been executed by First Trust National Association (successor to
Continental Bank, National Association), the Trustee under the
Indenture, or its successor thereunder, by the manual signature
of one of its authorized signatories or authorized Authenticating
Agents, this Note shall not be entitled to any benefits under the
Indenture, or be valid or obligatory for any purpose.
CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series designated
herein referred to in the within-mentioned Indenture.
Date of Registration:
FIRST TRUST NATIONAL ASSOCIATION,
as Trustee
By ______________________________
Authorized Signatory
[FORM OF ASSIGNMENT]
ABBREVIATIONS
The following abbreviations, when used in the inscription on
the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or
regulations.
TEN COM -- as tenants in common
TEN ENT -- as tenants by the entireties
JT TEN -- as joint tenants with right of survivorship
and not as tenants in common
UNIF GIFT MIN ACT -- __________________ Custodian _________________
(Cust) (Minor)
under Uniform Gifts to Minors Act _____________________________
(State)
Additional abbreviations may also be used though not in the above
list.
______________________________
FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert Social Security or Other
Identifying Number of Assignee ____________________________
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP
CODE OF ASSIGNEE
______________________________________________________
______________________________________________________
the within Note and all rights thereunder, hereby irrevocably
constituting and appointing _____________________________________
Attorney to transfer said Note on the books of the Company, with full
power of substitution in the premises.
Dated: ________________________________
________________________________________________
________________________________________________
Notice: The signature to this
assignment must correspond
with the name as written on
the face of the within
instrument in every
particular, without alteration
or enlargement, or any change
whatever.
OPTION TO ELECT REPAYMENT
The undersigned hereby irrevocably requests and
instructs the Company to repay the within Security (or portion
thereof specified below) pursuant to its terms at a price equal
to the principal amount thereof, together with interest to the
repayment date, to the undersigned.
The undersigned acknowledges that for the within
Security to be repaid, the Company must receive at the offices or
agencies of the Trustee in St. Xxxx, Minnesota or The City of New
York, during the period specified in this Security (i) the
Security with this "Option to Elect Repayment" form duly
completed, or (ii) a telegram, telex, facsimile or letter from a
member of a national securities exchange or the National
Association of Securities Dealers, Inc. or a commercial bank or a
trust company in the United States of America setting forth the
name of the Holder of the Security, the principal amount of the
Security, the amount of the Security to be repaid, a statement
that the option to elect repayment is being exercised thereby and
a guarantee that the Security to be repaid with the "Option to
Elect Repayment" form duly completed will be received by the
Company not later than five Business Days after the date of such
telegram, telex, facsimile transmission or letter and such
Security and form duly completed are received by the Company by
such fifth Business Day. Any such notice received by the Company
during the period specified in this Security shall be
irrevocable.
If less than the entire principal amount of the within
Security is to be repaid, specify the portion thereof (which
shall be $1,000 or an integral multiple thereof) which the Holder
elects to have repaid: $______________; and specify the
denomination or denominations (which shall be $1,000 or an
integral multiple thereof) of the Security or Securities to be
issued to the Holder for the portion of the within Security not
being repaid (in the absence of any such specification, one such
Security will be issued for the portion not being repaid):
$______________.
Dated:
__________________________________
Note: The signature to this Option
to Elect Repayment must correspond
with the name as it appears upon
the face of the within Security in
every particular without alteration
or enlargement or any change
whatever.
