Exhibit 10.10

 

Execution Version

 

NEW LENDER SUPPLEMENT

 

SUPPLEMENT, dated as of May 27, 2016, to the Second Amended and Restated Credit
Agreement, dated as of May 5, 2014, as amended by the First Amendment dated as
of June 1, 2015, by the Second Amendment dated as of May 27, 2016 and as further
amended, supplemented or otherwise modified from time to time (the “Credit
Agreement”) among AIR LEASE CORPORATION, a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from
time to time parties thereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as
administrative agent (the “Administrative Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Credit Agreement provides in Section 2.1(c) thereof that any bank,
financial institution or other entity may become a party to the Credit Agreement
with the consent of the Borrower and the Administrative Agent (which consent of
the Administrative Agent shall not be unreasonably withheld) by executing and
delivering to the Borrower and the Administrative Agent a supplement to the
Credit Agreement in substantially the form of this Supplement; and

 

WHEREAS, each of the undersigned now desires to become a party to the Credit
Agreement;

 

NOW, THEREFORE, each of the undersigned hereby agrees as follows:

 

1.           Each of the undersigned agrees to be bound by the provisions of the
Credit Agreement, and agrees that it shall, on the date this Supplement is
accepted by the Borrower and the Administrative Agent (or on such other date as
may be agreed upon among the undersigned, the Borrower and the Administrative
Agent), become a Lender for all purposes of the Credit Agreement to the same
extent as if originally a party thereto, with a Commitment as specified on Annex
A hereto.

 

2.           Each of the undersigned (a) represents and warrants that it is
legally authorized to enter into this Supplement; (b) confirms that it has
received a copy of the Credit Agreement, together with copies of the financial
statements most recently delivered pursuant to Section 6.1(a) and (b) thereof
and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Supplement; (c) agrees
that it has made and will, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Credit Agreement or
any instrument or document furnished pursuant hereto or thereto; (d) appoints
and authorizes the Administrative Agent to take such action as agent on its
behalf and to exercise such powers and discretion under the Credit Agreement or
any instrument or document furnished pursuant hereto or thereto as are delegated
to the Administrative Agent by the terms thereof, together with such powers as
are incidental thereto; and (e) agrees that it will be bound by the provisions
of the Credit Agreement and will perform in accordance with its terms all the
obligations which by the terms of the Credit Agreement are required to be
performed by it as a Lender including, without limitation, if it is organized
under the laws of a jurisdiction outside the United States, its obligation
pursuant to Section 2.15(e) of the Credit Agreement.

 

3.           Each of the undersigned hereby confirms and agrees that the
Termination Date in respect of its Commitment is May 5, 2020.

 

4.           The address for notices for each of the undersigned for the
purposes of the Credit Agreement is as specified on Annex B hereto.

 

5.           Terms defined in the Credit Agreement shall have their defined
meanings when used herein.

 

 

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IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed
and delivered by a duly authorized officer on the date first above written.

 

 

 

    

GOLDMAN SACHS BANK USA

 

 

 

 

 

 

 

 

By:

/s/ Rebecca Kratz

 

 

 

Name:  Rebecca Kratz

 

 

 

Title:    Authorized Signatory

 

 

[Signature Page to New Lender Supplement]

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IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed
and delivered by a duly authorized officer on the date first above written.

 

 

 

 

 

 

 

 

    

The Governor and Company of the Bank of Ireland

 

 

 

 

 

 

 

 

By:

/s/ Philip Greene

 

 

 

Name:

Philip Greene

 

 

 

Title:

Senior Manager

 

 

 

 

 

 

 

 

By:

/s/ Frank Schmitt

 

 

 

Name:

Frank Schmitt

 

 

 

Title:

Associate Director

 

 

[Signature Page to New Lender Supplement]

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Accepted this 27th day of
May, 2016

 

 

 

 

 

 

 

AIR LEASE CORPORATION

    

 

 

 

 

 

 

 

By:

/s/ Gregory B. Willis

 

 

 

Name: Gregory B. Willis

 

 

 

Title:   Senior Vice President &

 

 

 

Chief Financial Officer

 

 

 

 

[Signature Page to New Lender Supplement]

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Accepted this 27th day of
May, 2016

 

 

JPMORGAN CHASE BANK, N.A. as Administrative Agent

    

 

 

 

 

 

 

 

By:

/s/ Gene Riego De Dios

 

 

 

Name: Gene Riego De Dios

 

 

 

Title:   Vice President

 

 

 

 

[Signature Page to New Lender Supplement]

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Annex A

 

Commitments

 

 

 

 

 

Lender

    

Commitment

Goldman Sachs Bank USA

 

$

125,000,000 

 

 

 

 

The Governor and Company of the Bank of Ireland

 

$

7,500,000 

 

 

 

 

Total:

 

$

132,500,000 

 

 

 

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Annex B

 

Addresses for Notices

 

Goldman Sachs

 

GOLDMAN SACHS BANK USA

200 West Street

New York, NY 10282

Tax ID: 13-3571598

MEI: US1L131229

FAX NOTICES: 917-977-3966

 

The Governor and Company of the Bank of Ireland

 

Credit Contact:

 

Philip Greene

Senior Manager

Bank of Ireland

2 Burlington Plaza

Burlington Road

Dublin 4

Republic of Ireland

 

Operations Contact:

 

Paul Higginson

Loans Administration

Bank of Ireland

New Century House, 5th Floor

Mayor Street Lower

Dublin 1, Ireland

Fax: 011 353 1 633 5620

 

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