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: Matthew Massie

 

 

 

Ladies and Gentlemen:

 

Each undersigned Lender hereby agrees to extend, effective June 1, 2015 (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, supplemented or otherwise modified from time to time, the “Credit
Agreement”) for one year to May 5, 2019 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 a Lender

 

 

 

 

 

By:

/s/ Matthew H. Massie

 

Title: Managing Director

 

Name: Matthew H. Massie

 

[Signature Page to Extension Agreement]

 

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Mizuho Bank, Ltd., as a Lender

 

 

 

 

 

By:

/s/ Donna DeMagistris

 

Title: Donna DeMagistris

 

Name: Authorized Signatory

 

[Signature Page to Extension Agreement]

 

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Sun Trust Bank as a Lender

 

 

 

 

 

By:

/s/ Doug Kennedy

 

Title: Vice President

 

Name: Doug Kennedy

 

[Signature Page to Extension Agreement]

 

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BMO HARRIS BANK N.A. as a Lender

 

 

 

 

 

By:

/s/ Catherine Blaesing

 

Title: Catherine Blaesing

 

Name: Director

 

[Signature Page to Extension Agreement]

 

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Citibank, N.A., as a Lender

 

 

 

 

 

By:

/s/ Maureen P. Maroney

 

Title: Maureen P. Maroney

 

Name: Vice President

 

[Signature Page to Extension Agreement]

 

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FIFTH THIRD BANK, as a Lender

 

 

 

 

 

By:

/s/ Eric Oberfield

 

Title: Eric Oberfield

 

Name: Vice President

 

[Signature Page to Extension Agreement]

 

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ROYAL BANK OF CANADA, as a Lender

 

 

 

 

 

By:

/s/ Scott Umbs

 

Title: Authorized Signatory

 

Name: Scott Umbs

 

[Signature Page to Extension Agreement]

 

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Bank of America, N.A., as a Lender

 

 

 

 

 

By:

/s/ Jason Cassity

 

Title: Director

 

Name: Jason Cassity

 

[Signature Page to Extension Agreement]

 

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Wells Fargo Bank, N.A., as a Lender

 

 

 

 

 

By:

/s/ Will Eustis

 

Title: Will Eustis

 

Name: Director

 

[Signature Page to Extension Agreement]

 

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Santander Bank, N.A., as a Lender

 

 

 

 

 

By:

/s/ Daniel O’Connor

 

Title: Managing Director

 

Name: Daniel O’Connor

 

[Signature Page to Extension Agreement]

 

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MUFG Union Bank, N.A., as a Lender

 

 

 

 

 

By:

/s/ James Heim

 

Name: James Heim

 

Title: Vice President

 

[Signature Page to Extension Agreement]

 

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CREDIT SUISSE AG, NEW YORK BRANCH, as a Lender

 

 

 

 

 

By:

/s/ William O’Daly

 

Name: William O’Daly

 

Title: Authorized Signatory

 

 

 

By:

/s/ Jack Madej

 

Name: Jack Madej

 

Title: Authorized Signatory

 

[Signature Page to Extension Agreement]

 

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Commonwealth Bank of Australia, as a Lender

 

 

 

 

 

By:

/s/ James M. Miller

 

Title: James M. Miller

 

Name: Head of Americas Origination

 

           Structured Asset Finance

 

[Signature Page to Extension Agreement]

 

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender

 

 

 

 

 

By:

/s/ Virginia Cosenza

 

Name: Virginia Cosenza

 

Title: Vice President

 

 

 

By:

/s/ Ming K. Chu

 

Name: Ming K. Chu

 

Title: Vice President

 

[Signature Page to Extension Agreement]

 

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Morgan Stanley Senior Funding, Inc., as a Lender

 

 

 

 

 

By:

/s/ Michael King

 

Title: Michael King

 

Name: Vice President

 

[Signature Page to Extension Agreement]

 

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Morgan Stanley Bank, N.A., as a Lender

 

 

 

 

 

 

By:

/s/ Michael King

 

Title: Michael King

 

Name: Authorized Signatory

 

[Signature Page to Extension Agreement]

 

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BNP PARIBAS, as a Lender

 

 

 

 

 

 

By:

/s/ Eric Chilton

 

Title: Eric Chilton

 

Name: Managing Director

 

 

 

 

By:

/s/ Robert Papas

 

Title: Robert Papas

 

Name: Director

 

Transportation Group-Aviation Finance

 

[Signature Page to Extension Agreement]

 

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender

 

 

 

 

 

 

By:

/s/ Justine Ventrelli

 

Title: Justine Ventrelli

 

Name: Vice President

 

 

 

 

By:

/s/ Thomas Jean

 

Title: Thomas Jean

 

Name: Director

 

[Signature Page to Extension Agreement]

 

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DBS Bank Ltd., as a Lender

 

 

 

 

 

 

By:

/s/ Ong Sie Wei

 

Title: Senior Vice President

 

Name: Ong Sie Wei

 

[Signature Page to Extension Agreement]

 

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U.S. Bank, National Association, as a Lender

 

 

 

 

 

 

By:

/s/ Gary P. Terrasi

 

Title: Vice President

 

Name: Gary P. Terrasi

 

[Signature Page to Extension Agreement]

 

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Bank of the West, as a Lender

 

 

 

 

 

 

 

By:

/s/ David G. Kronen

 

Title: David G. Kronen

 

Name: Director

 

 

 

 

By:

/s/ Sidney Jordan

 

Title: Sidney Jordan

 

Name: Managing Director

 

[Signature Page to Extension Agreement]

 

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Apple Bank for Savings, as a Lender

 

 

 

 

 

 

By:

/s/ Jonathan Byron

 

Title: Senior Vice President

 

Name: Jonathan Byron

 

[Signature Page to Extension Agreement]

 

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City National Bank, as a Lender

 

 

 

 

 

 

By:

/s/ Eric Lo

 

Title: Eric Lo

 

Name: Vice President

 

[Signature Page to Extension Agreement]

 

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Mega International Commercial Bank Co., Ltd New York Branch, as a Lender

 

 

 

 

 

 

By:

/s/ Angela Chen

 

Title: VP & Deputy GM

 

Name: Angela Chen

 

[Signature Page to Extension Agreement]

 

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East West Bank, as a Lender

 

 

 

 

 

 

By:

/s/ Kandy Hung

 

Title: Director of Syndications

 

Name: Kandy Hung

 

[Signature Page to Extension Agreement]

 

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One West Bank N.A., as Lender

 

 

 

 

 

 

By:

/s/ John Farrace

 

Title: EVP

 

Name: John Farrace

 

[Signature Page to Extension Agreement]

 

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United Bank as a Lender

 

 

 

 

 

 

 

By:

/s/ David C. Paulson

 

Title: EVP, Head of Wholesale Banking

 

Name: David C. Paulson

 

[Signature Page to Extension Agreement]

 

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Agreed and Accepted:

 

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

as Administrative Agent

 

 

 

 

 

 

 

By:

/s/ Matthew H. Massie

 

 

Title: Managing Director

 

 

Name: Matthew H. Massie

 

 

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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: Senior Vice President & Chief Financial Officer

 

 

Name: Gregory B. Willis

 

 

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