Exhibit 10.2

 

Execution Version

 

 

EXTENSION AGREEMENT

 

JPMorgan Chase Bank, N.A.,
   as Administrative
   Agent under the Credit Agreement
   referred to below
Loan & Agency Group

500 Stanton Christiana 3/Ops2

Newark, DE 19713

Attention:  Emily Cousineau

 

With a copy to:

 

JPMorgan Chase Bank, N.A.

383 Madison Avenue, 24th Floor
New York, NY 10179

Attention:  Robert Kellas

 

Ladies and Gentlemen:

 

Each undersigned Lender hereby agrees to extend, effective May 27, 2016 (the
“Extension Effective Date”), its Termination Date under the Second Amended and
Restated Credit Agreement, dated as of May 5, 2014, among Air Lease Corporation,
the several banks and other financial institutions or entities from time to time
parties thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (as
amended by the First Amendment dated as of June 1, 2015, by the Second Amendment
dated as of the Extension Effective Date and as further amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”) to May 5, 2020
pursuant to Section 2.1(g) of the Credit Agreement. Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement.

 

This Extension Agreement shall be governed by, and construed and interpreted in
accordance with, the law of the State of New York. This Extension Agreement may
be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same
instrument.

 

[Remainder of page intentionally left blank.]

 

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JPMorgan Chase Bank, N.A. as Lender

 

 

 

 

 

 

 

By:

        /s/ Robert P. Kellas

 

 

Name:  Robert P. Kellas

 

Title:     Executive Director

 

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Bank of America, N.A., as Lender

 

 

 

 

 

 

 

By:

        /s/ William Soo

 

 

Name:  William Soo

 

Title:     Director

 

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Citibank, N.A. as Lender

 

 

 

 

 

 

 

By:

        /s/ Joseph Shanahan

 

 

Name:  Joseph Shanahan

 

Title:     Vice President

 

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Mizuho Bank, Ltd., as Lender

 

 

 

 

 

 

 

By:

        /s/ Donna DeMagistris

 

 

Name:  Donna DeMagistris

 

Title:     Authorized Signatory

 

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BMO Harris Bank N.A., as Lender

 

 

 

 

 

 

 

By:

        /s/ Dan Ryan

 

 

Name:  Dan Ryan

 

Title:     Vice President

 

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BNP Paribas, as Lender

 

 

 

 

 

 

 

By:

       /s/ Robert Papas

 

 

Name: Robert Papas

 

Title:    Director

 

 

 

 

 

By:

       /s/ Eric Chilton

 

 

Name: Eric Chilton

 

Title:    Managing Director

 

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Bank of the West, as Lender

 

 

 

 

 

 

 

By:

      /s/ Sidney Jordan

 

 

Name: Sidney Jordan

 

Title:    Managing Director

 

 

 

 

 

By:

       /s/ David G. Kronen

 

 

Name: David G. Kronen

 

Title:    Director

 

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Suntrust Bank, as Lender

 

 

 

 

 

 

 

By:

        /s/ Doug Kennedy

 

 

Name:  Doug Kennedy

 

Title:     Director

 

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Fifth Third Bank, as Lender

 

 

 

 

 

 

 

By:

        /s/ Aimee Nelson

 

 

Name:  Aimee Nelson

 

Title:     Managing Director

 

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Industrial and Commercial Bank of China Limited, New York Branch, as Lender

 

 

 

 

 

 

 

By:

      /s/ Jeffery Roth

 

 

Name: Jeffery Roth

 

Title:   Director

 

 

 

 

 

By:

       /s/ Shulin Peng

 

 

Name: Shuling Peng

 

Title:    Managing Director

 

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MUFG Union Bank, N.A., as Lender

 

 

 

 

 

 

 

By:

       /s/ Eric George

 

 

Name:  Eric George

 

Title:    Director

 

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Royal Bank of Canada, as Lender

 

 

 

 

 

 

 

By:

       /s/ Brij Grew

 

 

Name:  Brij Grewal

 

Title:    Authorized Signatory

 

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Santander Bank, N.A., as Lender

 

 

 

 

 

 

 

By:

       /s/ William Maag

 

 

Name:  William Maag

 

Title:    Managing Director

 

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Wells Fargo Bank N.A., as Lender

 

 

 

 

 

 

 

By:

        /s/ Yezdan Badrakhan

 

 

Name:  Yezdan Badrakhan

 

Title:     Vice President

 

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Commonwealth Bank of Australia, as Lender

 

 

 

 

 

 

 

By:

        /s/ James M. Miller

 

 

Name:  James M. Miller

 

Title:     Head of Americas Origination Structured Asset Finance

 

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Deutsche Bank AG New York Branch, as Lender

 

 

 

 

 

 

 

By:

      /s/ Virginia Cosenza

 

 

Name: Virginia Cosenza

 

Title:   Vice President

 

 

 

 

 

By:

       /s/ Ming K. Chu

 

 

Name: Ming K. Chu

 

Title:    Director

 

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Morgan Stanley Bank, N.A., as Lender

 

 

 

 

 

 

 

By:

        /s/ Michael King

 

 

Name:  Michael King

 

Title:     Authorized Signatory

 

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Bank of China, Los Angeles Branch, as Lender

 

 

 

 

 

 

 

By:

        /s/ Yong Ou

 

 

Name:  Yong Ou

 

Title:      Senior Vice President & Deputy Branch Manager

 

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Apple Bank for Savings, as Lender

 

 

 

 

 

By:

/s/ Jonathan C. Byron

 

 

Name:

Jonathan C. Byron

 

Title:

 Senior Vice President

 

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Lloyds Bank, as Lender

 

 

 

 

 

By:

/s/ Daven Popat

 

 

Name:

Daven Popat

 

Title:

Senior Vice President

 

 

 

By:

/s/ Veronica Cranny

 

 

Name:

Veronica Cranny

 

Title:

 Manager

 

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Credit Agricole Corporate and Investment Bank, as
Lender

 

 

 

 

 

By:

/s/ Yevgeniya Levy

 

 

Name:

Yevgeniya Levy

 

Title:

Managing Director

 

 

 

By:

/s/ Brian Bolotin

 

 

Name:

Brian Bolotin

 

Title:

 Managing Director

 

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DBS Bank Ltd., as Lender

 

 

 

 

 

By:

/s/ Ong Sie Wei

 

 

Name:

Ong Sie Wei

 

Title:

 Senior Vice President

 

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U.S. Bank, National Association, as Lender

 

 

 

 

 

By:

/s/ Gary P. Terrasi

 

 

Name:

Gary P. Terrasi

 

Title:

 Vice President

 

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Citizens Bank, National Association, as Lender

 

 

 

 

 

By:

/s/ Darran Wee

 

 

Name:

Darran Wee

 

Title:

 Senior Vice President

 

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City National Bank, as Lender

 

 

 

 

 

By:

/s/ Eric Lo

 

 

Name:

Eric Lo

 

Title:

 Vice President

 

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Bank of Communications Co., Ltd., New York Branch,
as Lender

 

 

 

 

 

By:

/s/ Shelley He

 

 

Name:

Shelley He

 

Title:

 Deputy General Manager

 

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Chang Hwa Commercial Bank, Ltd., New York Branch,
as Lender

 

 

 

 

 

By:

/s/ Jane S.C. Yang

 

 

Name:

Jane S.C. Yang

 

Title:

 Vice President & General Manager

 

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CIT Bank, N.A., as Lender

 

 

 

 

 

By:

/s/ John Farrace

 

 

Name:

John Farrace

 

Title:

 Managing Director

 

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East West Bank, as Lender

 

 

 

 

 

By:

/s/ Kandy Hung

 

 

Name:

Kandy Hung

 

Title:

 Director of Syndications

 

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The Royal Bank of Scotland plc, as Lender

 

 

 

 

 

By:

/s/ William McGinty

 

 

Name:

William McGinty

 

Title:

Director

 

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United Bank, as Lender

 

 

 

 

 

By:

/s/ Tom Wolcott

 

 

Name:

Tom Wolcott

 

Title:

SVP Shared Natioanal Credit

 

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Agreed and Accepted: this 27th day of May, 2016

 

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

as Administrative Agent

 

 

 

By:

/s/ Gene Riego De Dios

 

 

 

Title: Gene Riego De Dios

 

 

Name: Vice President

 

 

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Agreed and Accepted:

 

Pursuant to the requirements of Section 2.1(g) of the Credit Agreement, we
hereby confirm that:

 

(a)                               The representations and warranties of the
Borrower set forth in each of the Loan Documents to which it is a party or which
are contained in any notice or certificate delivered in connection therewith are
true and correct in all material respects (provided that any representation or
warranty that is qualified by materiality shall be true and correct in all
respects) on and as of the Extension Effective Date, as if made on and as of
each such date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case such representations and
warranties were true and correct in all material respects (provided that any
representation or warranty that is qualified by materiality shall be true and
correct in all respects) as of such earlier date; and

 

(b)                              No Default or Event of Default has occurred and
is continuing as of the Extension Effective Date.

 

 

AIR LEASE CORPORATION

 

 

 

 

 

By:

/s/ Gregory B. Willis

 

 

 

Title:

Gregory B. Willis

 

 

 

Name:

Senior Vice President & Chief Financial Officer

 

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