LEASE AMENDMENT NO. 1
THIS LEASE AMENDMENT NO. 1 (this "Amendment") is made as of this 24th
day of June 1996 by and between First Security Bank of Utah, National
Association, not in its individual capacity but solely as trustee under a Trust
Agreement dated as of March 1, 1989 ("Lessor"), and American Trans Air, Inc.
("Lessee").
WHEREAS, Lessor and Lessee are parties to a certain Lease Agreement
dated as of November 5, 1993 and Lease Supplement Xx. 0 xxxxxxx xxxxx Xxxxxxxx
0, 0000 (xx more fully described in Annex I hereto, and together, the "Lease"),
pursuant to which Lessor has leased to Lessee one (1) Boeing 727-290 aircraft,
manufacturer's serial number 21510, U.S. Registration number N774AT, and three
(3) Xxxxx & Xxxxxxx JT8D-17 aircraft engines, manufacturer's serial numbers
P688306B, P688045B and P658122B (such aircraft and engines, the "Aircraft"); and
WHEREAS, Section 3(d) of the Lease grants Lessee an option to extend
the Term of the Lease at the expiration of the current Term of the Lease, upon
notice to Lessor; and
WHEREAS, Lessee has duly notified Lessor of Lessee's desire to exercise
such option, and Lessor and Lessee have agreed to extend the Lease upon the
terms and conditions hereinafter set forth.
NOW THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are acknowledged,
the parties hereto agree as follows:
1. All capitalized terms which are not otherwise defined herein shall
have the meanings ascribed to them in the Lease.
2. Provided that no Event of Default shall have occurred and be
continuing on the date such extension commences, the Term of the Lease shall be
extended by a period of two (2) years and shall end on November 7, 1998, unless
the Lease shall sooner terminate or be further extended in accordance with its
terms.
3. Except as specifically modified by this Amendment, all of the terms
and conditions of the Lease shall remain in full force and effect and are hereby
ratified and confirmed.
IN WITNESS WHEREOF, Lessor and Lessee have caused this Amendment No. 1
to be duly executed by their respective authorized officers as of the date first
above set forth.
AMERICAN TRANS AIR, INC., FIRST SECURITY BANK OF UTAH,
as Lessee NATIONAL ASSOCIATION, not in its
individual capacity, but solely
as trustee, as Lessor
By: /s/Xxxxxxx X. Xxxxx By:_________________________
-----------------------
Xxxxxxx X. Xxxxx Title:
Annex I
To Lease Amendment No. 1
Description of Lease
Lease Agreement dated as of November 5, 1993 between First Security
Bank of Utah, National Association, as owner trustee under Trust Agreement dated
as of March 1, 1989, as lessor, and American Trans Air, Inc., as lessee, which
was recorded by the Federal Aviation Administration on November 29, 1993 and
assigned Conveyance No. X122110, as supplemented by the following described
instrument:
Date of FAA FAA
Instrument Instrument Recording Date Conveyance No.
Lease Supplement
No. 1 11/08/93 11/29/93 X122110
