AMENDMENT TO CONTINUING GUARANTYContinuing Guaranty Amendment • December 26th, 2019 • Air T Inc • Air courier services
For good and valuable consideration received in connection with Supplement No. 6 to the Master Loan Agreement dated June 24, 2019 between Old National Bank (“Lender”) and Contrail Aviation Support, LLC and Contrail Aviation Leasing, LLC (“Borrowers”), and the other Loan Documents associated therewith (as defined therein), the below-signed Guarantor hereby agrees that his/its Continuing Guaranty executed as of June 24, 2019 in connection therewith shall further apply to the debts of Contrail Aviation Leasing Ireland DAC (“Irish Subsidiary”) payable to the order of Lender, on the same terms and conditions expressed in the Continuing Guaranty. The Irish Subsidiary shall be deemed included in the definition of “Borrower” set forth in the Continuing Guaranty and any references in said Continuing Guaranty to Contrail Aviation Leasing, LLC shall be deemed to also apply to the Irish Subsidiary.
