Document:

EX-4.8

 Exhibit 4.8 

Execution Version 
  

 
  

DEPOSIT AGREEMENT 
 (Class B) 

Dated as of January 13, 2017 

between 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as Escrow Agent 

and 
 CITIBANK, N.A., 

as Depositary 
  

 
  

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 Table of Contents 

 

					
		  		  	Page
	SECTION 1.	  	Acceptance of Depositary; Establishment of Accounts	  	2
			
	SECTION 2.	  	Deposit Mechanics	  	3
			
	SECTION 3.	  	Termination	  	5
			
	SECTION 4.	  	Payments	  	5
			
	SECTION 5.	  	Representation and Warranties	  	6
			
	SECTION 6.	  	Transfer	  	7
			
	SECTION 7.	  	Amendment, Etc	  	7
			
	SECTION 8.	  	Notices	  	7
			
	SECTION 9.	  	Obligations Unconditional	  	8
			
	SECTION 10.	  	Entire Agreement; Conflicts	  	8
			
	SECTION 11.	  	Governing Law	  	8
			
	SECTION 12.	  	Submission to Non-Exclusive Jurisdiction in New York	  	8
			
	SECTION 13.	  	Waiver of Jury Trial Right	  	9
			
	SECTION 14.	  	Counterparts	  	9
			
	SECTION 15.	  	Tax Matters	  	9
			
	SECTION 16.	  	Rights of Receiptholders	  	9
			
	SECTION 17.	  	Limitation on Damages	  	10
			
	SECTION 18.	  	Miscellaneous	  	10
			
	SECTION 19.	  	Security Procedures	  	11
			
	Schedule I	  	Schedule of Deposits	  	
			
	Schedule II	  	Person(s) Designated to Give Funds Transfer Instructions and Person(s) Designated to Confirm Funds Transfer Instructions	  	
			
	Exhibit A	  	Form of Notice of Purchase Withdrawal	  	
			
	Exhibit B	  	Form of Notice of Final Withdrawal	  	
			
	Exhibit C	  	Form of Notice of Replacement Withdrawal	  	
			
	Exhibit D	  	Form of Notice of Event of Loss Withdrawal	  	

  
 i 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 ANY DEPOSIT HEREUNDER IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION 

DEPOSIT AGREEMENT 

(Class B) 
 This DEPOSIT
AGREEMENT (Class B), dated as of January 13, 2017 (as amended, modified or supplemented from time to time, this “Agreement”), is made by and between WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as
Escrow Agent under the Escrow and Paying Agent Agreement referred to below (in such capacity, together with its successors in such capacity, the “Escrow Agent”), and CITIBANK, N.A., as depositary bank (the
“Depositary”). 
 W I T N E S S E T H: 

WHEREAS, American Airlines, Inc. (“American”) and Wilmington Trust Company, not in its individual capacity except as
otherwise expressly provided therein, but solely as trustee (in such capacity, together with its successors in such capacity, the “Pass Through Trustee”), have entered into a Trust Supplement No.
2017-1B, dated as of January 13, 2017 (the “Trust Supplement”), to the Pass Through Trust Agreement, dated as of September 16, 2014 (together, as amended, modified or supplemented
from time to time in accordance with the terms thereof, the “Pass Through Trust Agreement”), relating to American Airlines Pass Through Trust 2017-1B pursuant to which the American Airlines
Pass Through Trust, Series 2017-1B Certificates referred to therein (the “Certificates”) are being issued (the date of such issuance, the “Issuance Date”); 

WHEREAS, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., acting individually and as
representatives (the “Representatives”) of the several underwriters of the Certificates (the “Underwriters” and, together with their respective transferees and assigns as registered owners of the Certificates, the
“Investors”) and American have entered into an Underwriting Agreement, dated as of January 5, 2017, pursuant to which the Pass Through Trustee will issue and sell the Certificates to the Underwriters; 

WHEREAS, American, the Pass Through Trustee and certain other persons named therein concurrently herewith are entering into the Note Purchase
Agreement, dated as of the date hereof (as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Note Purchase Agreement”), pursuant to which the Pass Through Trustee has agreed to acquire
from time to time on or prior to the Delivery Period Termination Date (as defined in the Note Purchase Agreement) equipment notes (the “Equipment Notes”) issued either in respect of aircraft owned by American or to finance the
acquisition of certain aircraft by American, as owner, utilizing a portion of the proceeds from the sale of the Certificates (the “Net Proceeds”); 

WHEREAS, the Escrow Agent, the Representatives, the Pass Through Trustee and Wilmington Trust Company, as paying agent for the Escrow Agent
(in such capacity, together with its successors in such capacity, the “Paying Agent”), concurrently herewith are entering into the Escrow and Paying Agent Agreement (Class B), dated as of the date hereof (as amended, modified or
supplemented from time to time in accordance with the terms thereof, the “Escrow and Paying Agent Agreement”); 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 WHEREAS, the Underwriters and the Pass Through Trustee intend that the Net Proceeds be held in
escrow by the Escrow Agent on behalf of the Investors pursuant to the Escrow and Paying Agent Agreement, subject to withdrawal upon request of and proper certification by the Pass Through Trustee for the purpose of purchasing Equipment Notes, and
that pending such withdrawal the Net Proceeds held for the benefit of the Escrow Agent in the Accounts (as defined below) established for such purposes pursuant to this Agreement; 

WHEREAS, this Agreement provides, inter alia, for (i) the establishment of the Accounts (as defined below) at the Depositary;
(ii) the deposit to the respective Accounts of the Deposits (as defined below) (iii) the Depositary to pay interest for distribution to the Investors pursuant to the terms and conditions hereof; and (iv) the withdrawal of funds from
the respective Accounts at the direction of the Escrow Agent pursuant to the terms and conditions of this Agreement; and 
 WHEREAS, the
Escrow Agent wishes to appoint Citibank, N.A. as Depositary pursuant to this Agreement and Citibank, N.A. is willing to accept such appointment upon the terms and conditions of this Agreement. 

NOW, THEREFORE, in consideration of the obligations contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1.    Acceptance
of Depositary; Establishment of Accounts. 
 Section 1.1.    Appointment of Depositary; Location of
Accounts. The Escrow Agent hereby appoints the Depositary, effective as of the date hereof, to have all the rights, powers and duties set forth herein on the part of the Depositary. The Accounts will be domiciled in the office of the Depositary
located at 480 Washington Blvd, 18th Floor, Jersey City, NJ 07310, or at such address within the United States as the Depositary may designate from time to time by written notice to the Escrow
Agent, the Pass Through Trustee and American. 
 Section 1.2.    Acceptance of Depositary. The Depositary
hereby agrees to act as depositary bank as provided herein and in connection therewith to accept all amounts to be delivered to or held by the Depositary pursuant to the terms of this Agreement. The Depositary further agrees to hold, maintain and
safeguard the Deposits and the Accounts (as defined below) during the term of this Agreement in accordance with the provisions of this Agreement. The Escrow Agent shall not have any right to withdraw, assign or otherwise transfer moneys held in the
Accounts except as permitted by this Agreement. 
 Section 1.3.    Establishment of Accounts. The Escrow
Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the
deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this
Agreement. The Depositary shall establish and maintain all Accounts at a branch of the Depositary located in the United States. 

  
 2 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 SECTION 2.    Deposit Mechanics. 

Section 2.1.    Deposits. (a) The Escrow Agent shall direct the Underwriters to deposit the sum of
$197,777,000 (the “Initial Deposit Amount”) on the date of this Agreement (the “Deposit Date”) with the Depositary in trust for the benefit of the Escrow Agent in immediately available funds by wire transfer to:
Citibank, N.A., ABA No. ###, Account No: ###, Account Name: Escrow Concentration Account, Reference: American Airlines 2017-1 Initial Deposit B. The Depositary shall accept from the Underwriters, for the
benefit of the Escrow Agent such Initial Deposit Amount. 
 (b)    Upon receipt of the Initial Deposit Amount, the
Depositary shall credit to the relevant Accounts, from the proceeds of the Initial Deposit Amount, deposits in the amounts specified on Schedule I hereto maturing in accordance with this Agreement on the Outside Termination Date. Each deposit
described in the preceding sentence and each re-deposit described in Section 2.4 hereof, is individually, a “Deposit” and, collectively, the
“Deposits”). No amount shall be deposited in any Account other than the related Deposit. 

Section 2.2.    Interest. Each Deposit shall bear interest from and including the date of deposit to but
excluding the date of withdrawal (it being understood that the date of withdrawal in the case of any payment by the Depositary of the amount of the Final Withdrawal (as defined below) on the Outside Termination Date (as defined below) shall be
deemed to be the date of such payment) at the rate of 4.95% per annum (computed on the basis of a 360-day year of twelve 30-day months) payable by the Depositary to the
Paying Agent on behalf of the Escrow Agent in arrears on each Interest Payment Date (as defined below), on the date of any Final Withdrawal, on the date of any Replacement Withdrawal (as defined below) or on the date of any Event of Loss Withdrawal
(as defined below), as applicable, all in accordance with the terms of this Agreement. As used in this Agreement, the term “Interest Payment Date”, with respect to each Deposit that, as of any date of determination, has not been
withdrawn pursuant to a Final Withdrawal, a Replacement Withdrawal or an Event of Loss Withdrawal, shall mean each of February 15 and August 15, commencing on August 15, 2017 and ending on the earlier of February 15 and August 15
immediately following the date on which such Deposit is withdrawn pursuant to a Notice of Purchase Withdrawal (as defined below); provided that interest accrued on any Deposit that is withdrawn pursuant to a Notice of Purchase Withdrawal
shall be paid on the next Interest Payment Date following the related Purchase Withdrawal, notwithstanding any intervening Final Withdrawal or Event of Loss Withdrawal with respect to any other Deposit and notwithstanding the fact that the relevant
Account may have been closed before such Interest Payment Date, but, if any intervening Replacement Withdrawal occurs before such next Interest Payment Date, such accrued interest shall, instead, be paid on the date of such Replacement Withdrawal.
All interest paid pursuant to this Agreement shall be non-compounding. 

  
 3 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 Section 2.3.    Withdrawals. 

(a)    Purchase Withdrawal. The Escrow Agent may, by providing at least three Business Days’ prior notice of
withdrawal to the Depositary (or such shorter period as agreed by the Depositary) in the form of Exhibit A hereto (a “Notice of Purchase Withdrawal”), withdraw the entire balance of such Deposit (but not any accrued and
unpaid interest thereon) (with respect to any Deposit, such withdrawal, the “Purchase Withdrawal”), except that at any time prior to the actual withdrawal of such Deposit, the Escrow Agent or the Pass Through Trustee may, by notice
to the Depositary, which notice has been actually received by the Depositary prior to such actual withdrawal, cancel such withdrawal (including on the scheduled date therefor), and thereafter such Deposit shall continue to be maintained by the
Depositary in accordance with the original terms thereof. Following the Purchase Withdrawal of any Deposit, the balance in the related Account shall be reduced to zero and the Depositary shall close such Account. As used in this Agreement,
“Business Day” shall mean any day, other than a Saturday, Sunday or other day on which commercial banks are authorized or required by law to close in New York, New York, Fort Worth, Texas or Wilmington, Delaware. 

(b)    Final Withdrawal; Replacement Withdrawal; Event of Loss Withdrawal. 

(i)    The Escrow Agent may, by providing at least 15 days’ prior notice of withdrawal to the Depositary in the form
of Exhibit B hereto (a “Notice of Final Withdrawal”), withdraw (x) the entire amount of all of the remaining Deposits together with (y) all accrued and unpaid interest on such Deposits to but excluding the specified
date of such withdrawal (such withdrawal of the amounts set forth in the immediately preceding clauses (x) and (y), the “Final Withdrawal”), on such date as shall be specified in such Notice of Final Withdrawal.
If a Notice of Final Withdrawal has not been given to the Depositary on or before the Outside Termination Date (as defined below) and there are unwithdrawn Deposits on such date, the Depositary shall pay the amount of the Final Withdrawal to the
Paying Agent on the Outside Termination Date. Following the Final Withdrawal of any Deposit, the balance in the related Account shall be reduced to zero and the Depositary shall close such Account. As used in this Agreement, the term
“Outside Termination Date” shall mean September 30, 2017 (provided that, if a labor strike occurs or continues at either Airbus S.A.S., The Boeing Company or Embraer S.A. after the Issuance Date and on or prior to
September 30, 2017, such date shall be extended by adding thereto the number of days that such strike continued in effect after the Issuance Date, but not more than 60 days and excluding any period of a strike at Airbus S.A.S., The Boeing
Company or Embraer S.A. after all aircraft of such manufacturer shall have been financed hereunder). 
 (ii)    The
Escrow Agent may, by providing at least five Business Days’ prior notice of withdrawal to the Depositary in the form of Exhibit C hereto (a “Notice of Replacement Withdrawal”), withdraw (x) with respect to all
Deposits then held by the Depositary, (1) the entire amount of such Deposits together with (2) all accrued and unpaid interest on such Deposits to but excluding the specified date of such Replacement Withdrawal (as defined below) and
(y) with respect to all Deposits, if any, previously withdrawn pursuant to a Notice of Purchase Withdrawal, all accrued and unpaid interest on such Deposits to but excluding the date of the applicable Purchase Withdrawal (such withdrawal of the
amounts set forth in the immediately preceding clauses (x) and (y), the “Replacement Withdrawal”), on such date as shall be specified in such Notice of Replacement Withdrawal. 

  
 4 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 (iii)    The Escrow Agent may, by providing at least 15 days’ prior
notice of withdrawal to the Depositary in the form of Exhibit D hereto (a “Notice of Event of Loss Withdrawal”), withdraw (x) the entire balance of such Deposit together with (y) all accrued and unpaid interest on
such Deposit to but excluding the specified date of such withdrawal (with respect to any Deposit, such withdrawal of the amounts set forth in the immediately preceding clauses (x) and (y), the “Event of Loss
Withdrawal”), on such date as shall be specified in such Notice of Event of Loss Withdrawal. Following such Event of Loss Withdrawal, the balance in the related Account shall be reduced to zero and the Depositary shall close such Account.

 (c)    Compliance with Withdrawal Notices. If the Depositary receives a duly completed Notice of Purchase
Withdrawal, Notice of Final Withdrawal, Notice of Replacement Withdrawal or Notice of Event of Loss Withdrawal (each, a “Withdrawal Notice”) complying with the provisions of this Agreement, it shall make the payments specified
therein in accordance with the provisions of this Agreement. Notwithstanding anything to the contrary contained in this Agreement, in no event shall the Depositary be required, pursuant to any Withdrawal Notice or otherwise, to make payments
hereunder on or in respect of any Deposit in excess of the amount of such Deposit together with accrued interest thereon as provided in this Agreement. 

Section 2.4.    Other Accounts. On the date of withdrawal of any Deposit (other than the date of any Final
Withdrawal, Replacement Withdrawal or Event of Loss Withdrawal), the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall re-deposit with the Depositary any portion thereof not used
to acquire Equipment Notes and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall constitute a Deposit credited to the Account from which they were withdrawn, and thereafter the provisions of this
Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date. The Depositary shall promptly give notice to the Escrow Agent of receipt of each such re-deposit. 
 SECTION 3.    Termination. This Agreement shall terminate on the
fifth Business Day after the later of the date on which (i) all of the Deposits shall have been withdrawn and paid as provided herein without any re-deposit and (ii) all accrued and unpaid interest
on the Deposits shall have been paid as provided herein, but in no event prior to the date on which the Depositary shall have performed in full its obligations hereunder. 

SECTION 4.    Payments. All payments made by the Depositary hereunder shall be paid in United States Dollars and
immediately available funds by wire transfer (i) in the cases of (w) accrued and unpaid interest on the Deposits payable under Section 2.2 hereof, (x) any Final Withdrawal, (y) any Event of Loss
Withdrawal or (z) accrued and unpaid interest on all Deposits, if any, previously withdrawn pursuant to a Notice of Purchase Withdrawal, which interest is payable pursuant to a Notice of Replacement Withdrawal, directly to the Paying Agent at
Wilmington Trust Company, Wilmington, Delaware, ABA# ###, Corporate Trust, Account No. ###, Reference: American Airlines 2017-1B EETC, or to such other account as the Paying Agent may direct from time to time
in writing to the Depositary and the Escrow Agent, (ii) in the case of any withdrawal of one or more Deposits pursuant to a Notice of Purchase Withdrawal, directly to or as directed by the Pass Through Trustee as specified and in the manner
provided in such Notice of Purchase Withdrawal and (iii) the case of any withdrawal of one or more Deposits 

  
 5 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
then held by the Depositary together with accrued and unpaid interest on such Deposits pursuant to a Notice of Replacement Withdrawal, as directed by the Pass Through Trustee as specified and in
the manner provided in such Notice of Replacement Withdrawal. The Depositary hereby waives any and all rights of set-off, combination of accounts, right of retention or similar right (whether arising under
applicable law, contract or otherwise) it may have against the Deposits howsoever arising. To the extent permitted by applicable law and except as expressly provided below, all payments on or in respect of each Deposit shall be made free and clear
of and without reduction for or on account of any and all taxes, levies or other impositions or charges (collectively, “Taxes”). However, if the Depositary shall be required by law (or if the Paying Agent shall have notified the
Depositary that, pursuant to Section 2.04 of the Escrow and Paying Agent Agreement, the Paying Agent is required by law) to deduct or withhold any Taxes from or in respect of any sum payable hereunder (provided that such
written notice shall specify the required deductions and withholdings and direct the Depositary to give effect to such notice), the Depositary shall (i) make, or cause to be made, such deductions or withholding and (ii) timely pay, or
cause to be paid, to the appropriate authority the full amount deducted or withheld and timely file all reports and returns relating to such deductions or withholdings and payment thereof in accordance with applicable law. If the date on which any
payment due on any Deposit would otherwise fall on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day, and no additional interest shall accrue in respect of such extension. 

SECTION 5.    Representation and Warranties. The Depositary hereby represents and warrants to American, the Escrow
Agent, the Pass Through Trustee and the Paying Agent that: 
 (a)    it is a national banking association duly organized
and validly existing in good standing under the laws of the United States and is duly licensed to conduct banking and trust business in the State of New York; 

(b)    it has full power, authority and legal right to conduct its business and operations as currently conducted and to
enter into and perform its obligations under this Agreement; 
 (c)    the execution, delivery and performance of this
Agreement by it have been duly authorized by all necessary corporate action on the part of it and do not require any stockholder approval, or approval or consent of any trustee or holder of any indebtedness or obligations of it, and this Agreement
has been duly executed and delivered by it and constitutes its legal, valid and binding obligations enforceable against it in accordance with the terms hereof; 

(d)    no authorization, consent or approval of or other action by, and no notice to or filing with, any United States
federal or state governmental authority or regulatory body is required for the execution, delivery or performance by it of this Agreement; 

(e)    neither the execution, delivery or performance by it of this Agreement, nor compliance with the terms and
provisions hereof, conflicts or will conflict with or results or will result in a breach or violation of any of the terms, conditions or provisions of, or will require any consent or approval under, any law, governmental rule or regulation or the
charter documents, as 

  
 6 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
amended, or bylaws, as amended, of it or any similar instrument binding on it or any order, writ, injunction or decree of any court or governmental authority against it or by which it or any of
its properties is bound or of any indenture, mortgage or contract or other material agreement or instrument to which it is a party or by which it or any of its properties is bound, or constitutes or will constitute a default thereunder or results or
will result in the imposition of any lien upon any of its properties; and 
 (f)    there are no pending or, to its
knowledge, threatened actions, suits, investigations or proceedings (whether or not purportedly on behalf of it) against or affecting it or any of its property before or by any court or administrative agency which, if adversely determined,
(i) would adversely affect the ability of it to perform its obligations under this Agreement or (ii) would call into question or challenge the validity of this Agreement or the enforceability hereof in accordance with the terms hereof, nor
is it in default with respect to any order of any court, governmental authority, arbitration board or administrative agency so as to adversely affect its ability to perform its obligations under this Agreement. 

SECTION 6.    Transfer. No party hereto shall be entitled to assign or otherwise transfer this Agreement (or any
interest herein) other than (i) in the case of the Escrow Agent, to a successor escrow agent under, and in accordance with, the Escrow and Paying Agent Agreement, and (ii) in the case of the Depositary, to a bank (as defined in the
Securities Act of 1933, as amended from time to time, for purposes of Section 3(a)(2) thereof) into which the Depositary shall merge or with which the Depositary shall be consolidated. Any purported assignment in violation of the immediately
preceding sentence shall be void; provided that the Depositary may be replaced pursuant and subject to Section 5 of the Note Purchase Agreement. This Agreement shall be binding upon the parties hereto and their respective successors and (in the
case of the Escrow Agent) permitted assigns. The Depositary agrees to cause any bank into which the Depositary shall merge or with which the Depositary shall be consolidated to deliver to the Escrow Agent an agreement containing the express
assumption by such successor bank as of the effective date of such merger or consolidation, as applicable, of the due and punctual performance and observance of each covenant and condition of this Agreement unless such assumption shall be effective
as a matter of law even in the absence of such agreement. 
 SECTION 7.    Amendment, Etc. This Agreement may not
be amended, waived or otherwise modified except by an instrument in writing signed by each of the Depositary and the Escrow Agent to which the Pass Through Trustee has provided its written consent. 

SECTION 8.    Notices. Unless otherwise expressly provided herein, any notice or other communication under this
Agreement shall be in English and in writing, and given by United States registered or certified mail, return receipt requested, overnight courier service or facsimile or electronic mail, and any such notice shall be effective when received. All
notices shall be sent to (x) in the case of the Depositary, Citibank, NA, 480 Washington Blvd, 18th Floor, Jersey City, NJ 07310, Attention: ### (Telecopier: ###, or (y) in the case of
the Escrow Agent, Wilmington Trust, National Association, 1100 North Market Street, Wilmington, Delaware 19890, Reference: American Airlines 2017-1B EETC, Attention: ### (Telephone: ###; Telecopier: ###, in
each case, with a copy to the Pass Through Trustee, Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1605, Reference: American 

  
 7 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
Airlines 2017-1B EETC, Attention: ### (Telephone: ###; Telecopier: ###) and to American, American Airlines, Inc., 4333 Amon Carter Boulevard, Mail Drop
5662, Fort Worth, Texas 76155, Reference: American Airlines 2017-1B EETC, Attention: Treasurer (Telephone: ###; Telecopier: ### (or at such other address as any such party may specify from time to time in a
written notice to the parties hereto). On or prior to the execution of this Agreement, the Escrow Agent has delivered to the Depositary a certificate containing specimen signatures of the representatives of the Escrow Agent who are authorized to
give notices and instructions with respect to this Agreement. The Depositary may conclusively rely on such certificate until the Depositary receives written notice from the Escrow Agent to the contrary. 

SECTION 9.    Obligations Unconditional. The Depositary hereby acknowledges and agrees that its obligation to repay
each Deposit together with interest thereon as provided herein is absolute, irrevocable and unconditional and constitutes a full recourse obligation of the Depositary enforceable against it to the full extent of all of its assets and properties.

 SECTION 10.    Entire Agreement; Conflicts. This Agreement (including all attachments hereto) sets forth all
of the promises, covenants, agreements, conditions and understandings between the Depositary and the Escrow Agent with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and undertakings, inducements or
conditions, express or implied, oral or written. In the event of any conflict or inconsistency between any provision of this Agreement and a provision in any other document, the provisions of this Agreement shall control. 

SECTION 11.    Governing Law. This Agreement, and the rights and obligations of the Depositary and the Escrow Agent
with respect to the Deposits, shall be governed by, and construed in accordance with, the law of the State of New York without regard to conflict of law principals that would result in the application of any law other than the law of the State of
New York and subject to the provisions of Regulation D of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time, without giving effect to the conflict of
laws principles thereof. 
 SECTION 12.    Submission to Non-Exclusive
Jurisdiction in New York. Each of the parties hereto, to the extent it may do so under applicable law, hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the
State of New York sitting in the City of New York and to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other
proceeding arising out of this Agreement, the subject matter hereof or any of the transactions contemplated hereby brought by any party or parties hereto, or their successors or permitted assigns, (b) waives, and agrees not to assert, by way of
motion, as a defense, or otherwise, in any such suit, action or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject
matter hereof or any of the transactions contemplated hereby may not be enforced in or by such courts, (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to each party hereto at its address set forth in Section 8 hereof, or at such other address of which the other parties shall have been notified pursuant thereto;
and (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 

  
 8 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 SECTION 13.    Waiver of Jury Trial Right. EACH OF THE DEPOSITARY AND
THE ESCROW AGENT ACKNOWLEDGES AND ACCEPTS THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT SUCH PARTY IRREVOCABLY WAIVES ITS RIGHT TO A TRIAL BY JURY. 

SECTION 14.    Counterparts. This Agreement may be executed in any number of counterparts (and each party
shall not be required to execute the same counterpart). Each counterpart of this Agreement including a signature page or pages executed by each of the parties hereto shall be an original counterpart of this Agreement, but all of such counterparts
together constitute one instrument. The parties intend that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all parties. The original documents shall be promptly
delivered, if requested.  
 SECTION 15.    Tax Matters. 

(a)    The Escrow Agent has provided the Depositary with its fully executed U.S. Internal Revenue Service
(“IRS”) Form W-9, showing a complete exemption from U.S. federal withholding tax and backup withholding, together with any other documentation and information reasonably requested by the
Depositary and required to satisfy its tax reporting obligations to the IRS. The Escrow Agent represents that its correct TIN assigned by the IRS, or any other taxing authority, is set forth in the delivered form. Any U.S. federal, state or local
income or franchise tax returns required to be filed with respect to the Deposits or any income earned by the Deposits will, to the greatest extent permitted by applicable law, be prepared and filed by the Escrow Agent with the IRS and any other
taxing authority as required by law. 
 (b)    The Escrow Agent acknowledges and agrees that the Depositary shall have
no responsibility for the preparation and/or filing of any U.S. federal, state or local income, franchise or other tax return with respect to the Deposits or any income earned by the Deposits other than any such responsibility that cannot be
assigned to, or assumed by the Escrow Agent under applicable law. 
 (c)    The rights and obligations of the Depositary
and the Escrow Agent under this Section 15 shall survive the termination of this Agreement or the resignation or removal of the Depositary or the Escrow Agent, as the case may be. 

SECTION 16.    Rights of Receiptholders. The Depositary acknowledges that, if the Depositary shall fail to pay when
due hereunder any interest on the Deposits or to pay when due hereunder any Final Withdrawal, any Replacement Withdrawal or any Event of Loss Withdrawal, each Receiptholder (as defined below) shall have the right (individually and without the need
for any other action of any person, including the Escrow Agent or any other Receiptholder) to claim directly against the Depositary, by making a demand to the Depositary or by bringing suit to enforce any rights the Escrow Agent may have under this
Agreement, in 

  
 9 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
respect of amounts that would have been distributed to such Receiptholder pursuant to the Escrow and Paying Agent Agreement, and that any such claim shall not be subject to defenses that the
Depositary may have against the Escrow Agent. As used in this Agreement, the term “Receiptholder” shall have the meaning assigned to such term in the Escrow and Paying Agent Agreement. 

SECTION 17.    Limitation on Damages. In no event shall the Depositary be responsible or liable for special,
indirect, punitive, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit, whether or not foreseeable) suffered by the Escrow Agent or any of the Receiptholders in connection with this Agreement or the
transactions contemplated or any relationships established by this Agreement irrespective of whether the Depositary has been advised of the likelihood of such loss or damage and regardless of the form of action. 

SECTION 18.    Miscellaneous. (a) The Depositary shall have only those duties as are specifically and
expressly provided herein with respect to it and no other duties shall be implied. The Depositary may rely upon and shall not be liable for acting or refraining from acting upon any written notice, document, instruction or request furnished to it
hereunder and believed by it to be genuine and to have been signed or presented by the Escrow Agent or the Pass Through Trustee without inquiry and without requiring substantiating evidence of any kind. The Depositary shall be under no duty to
inquire into or investigate the validity, accuracy or content of any such document, notice, instruction or request. The Depositary shall have no duty to solicit any payments, including, without limitation, the Deposits. 

(b)    The Depositary shall be entitled to rely upon any instruction, notice, request or other instrument delivered to it
without being required to determine the authenticity or validity thereof, or the truth or accuracy of any information stated therein. The Depositary may act in reliance upon any signature believed by it to be genuine and may assume that any person
purporting to make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so. 

(c)    The Depositary shall not be liable for any action taken, suffered or omitted to be taken by it in good faith except
to the extent that a final adjudication of a court of competent jurisdiction determines that the Depositary’s gross negligence or willful misconduct was the primary cause of any loss. The Depositary may execute any of its powers and perform any
of its duties hereunder directly or through attorneys, and shall be liable only for its gross negligence or willful misconduct (as finally adjudicated in a court of competent jurisdiction) in the selection of any such attorney. The Depositary may
consult with counsel, accountants and other skilled persons to be selected and retained by it. The Depositary shall not be liable for any action taken, suffered or omitted to be taken by it in accordance with, or in reliance upon, the advice or
opinion of any such counsel, accountants or other skilled persons. In the event that the Depositary shall be uncertain or believe there is some ambiguity as to its duties or rights hereunder or shall receive instructions, claims or demands from any
party hereto which, in its opinion, conflict with any of the provisions of this Agreement, it shall be entitled to refrain from taking any action and its sole obligation shall be to keep safely all property held hereunder until it shall be given a
direction in writing by the Escrow Agent or the Pass Through Trustee which 

  
 10 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
eliminates such ambiguity or uncertainty to the satisfaction of Depositary or by a final and non-appealable order or judgment of a court of competent
jurisdiction. Anything in this Agreement to the contrary notwithstanding, in no event shall the Depositary be liable for special, incidental, punitive, indirect or consequential loss or damage of any kind whatsoever (including but not limited to
lost profits), even if the Depositary has been advised of the likelihood of such loss or damage and regardless of the form of action. In the event of any conflict or inconsistency between any provision in this Agreement and a provision in any other
document, the provisions of this Agreement shall control. 
 (d)    If any portion of the Deposit is at any time
attached, garnished or levied upon under any court order, or enjoined or stayed by any court order, or in case of any order, judgment or decree shall be made or entered by any court affecting the Deposits or any part thereof, then and in any such
event, the Depositary is authorized to rely upon and comply with any such order, writ, judgment or decree which it is advised in writing by external legal counsel of national reputation is binding upon it without the need for appeal or other action;
and if the Depositary complies with such order, writ, judgment or decree, it shall not be liable to the Escrow Agent or any Receiptholder commencing action pursuant to Section 16 even though such order, writ, judgment or decree may be
subsequently reversed, modified, annulled, set aside or vacated so long as such order, writ, judgment or decree was not made, issued or entered for any reason that a final adjudication of a court of competent jurisdiction determines was based on the
Depositary’s gross negligence or willful misconduct. 
 (e)    Section 326 of the Uniting and Strengthening America
by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Depositary to implement reasonable procedures to verify the identity of any person that opens a new account
with it. Accordingly, the Escrow Agent acknowledges that Section 326 of the USA PATRIOT Act and the Depositary’s identity verification procedures require the Depositary to obtain information which may be used to confirm the Escrow
Agent’s identity including without limitation name, address and organizational documents (“identifying information”). The Escrow Agent agrees to provide the Depositary with and consent to the Depositary obtaining from third
parties any such identifying information required as a condition of opening an account with or using any service provided by the Depositary. 

(f)    No party to this Agreement is liable to any other party for losses due to, or if it is unable to perform its
obligations under the terms of this Agreement because of, acts of God, fire, war, terrorism, floods, strikes, electrical outages, equipment or transmission failure, unavailability of wire services or other causes reasonably beyond its control. If
any provision of this Agreement is determined to be prohibited or unenforceable by reason of any applicable law of a jurisdiction, then such provision shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions thereof, and any such prohibition or unenforceability in such jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction. 

SECTION 19.    Security Procedures. With respect to all funds transfer instructions that are given pursuant to this
Agreement (other than in writing at the time of execution of this Agreement), whether in writing, by electronic mail with a scanned attachment thereto or 

  
 11 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 
otherwise, the Depositary is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Schedule II hereto (“Schedule
II”), and the Depositary may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is
set forth on the Escrow Agent’s Incumbency Certificate. The persons listed on such Incumbency Certificate have been duly appointed to act as authorized signatories of the Escrow Agent hereunder and individually have full power and authority to
execute and deliver any notices or instructions, to amend, modify or waive any provisions of this Agreement, and to take any and all other actions permitted under this Agreement (the “Authorized Persons”). Any change in designation
of Authorized Persons shall be provided by written notice, signed by an Authorized Person, and actually received and acknowledged by the Depositary. Any communication from the Depositary that the Depositary deems to contain confidential,
proprietary, and/or sensitive information shall be encrypted in accordance with the Depositary’s internal procedures. The Depositary and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar
identifying numbers provided by the Escrow Agent to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Depositary may apply any of the funds for any payment order it executes using any such
identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Escrow Agent acknowledges that
these security procedures are commercially reasonable. 
 [Remainder of Page Intentionally Blank; Signature Pages Follow] 

  
 12 

Deposit Agreement (Class B) 

(American Airlines 2017-1 Aircraft EETC) 

 ANY DEPOSIT HEREUNDER IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION 

IN WITNESS WHEREOF, the Escrow Agent and the Depositary have caused this Deposit Agreement (Class B) to be duly executed as of the day and
year first above written. 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	       as Escrow Agent

		
	By	 	 /s/ Anita Roselli Woolery

	Name:	 	Anita Roselli Woolery
	Title:	 	Vice President
	
	CITIBANK, N.A., 
	      as Depositary
		
	By	 	 /s/ Marion O’Connor

	Name:	 	Marion O’Connor
	Title:	 	Vice President

 [Signature Page to Deposit Agreement (Class B)] 

 SCHEDULE I to 

DEPOSIT AGREEMENT 
 SCHEDULE
OF DEPOSITS 
 CLASS B 
  

							
	 Aircraft Type
	  	 Reg. No.
	  	            Deposit Amount            	  	 Account No.

	 Airbus A321-231S
	  	N997AA	  	$7,713,000	  	###
	 Airbus A321-231S
	  	N998AN	  	$7,713,000	  	###
	 Airbus A321-231S
	  	N930AU	  	$7,725,000	  	###
	 Airbus A321-231S
	  	N931AM	  	$7,725,000	  	###
	 Airbus A321-231S
	  	N932AM	  	$7,731,000	  	###
	 Airbus A321-231S
	  	N933AM	  	$7,731,000	  	###
	 Airbus A321-231S
	  	N900UW	  	$7,745,000	  	###
	 Airbus A321-231S
	  	N901AA	  	$7,745,000	  	###
	 Airbus A321-231S
	  	N934AA	  	$7,745,000	  	###
	 Airbus A321-231S
	  	N903AA	  	$7,751,000	  	###
	 Boeing 737-800
	  	N316PF	  	$6,847,000	  	###
	 Boeing 737-800
	  	N317PG	  	$6,866,000	  	###
	 Boeing 737-800
	  	N335PH	  	$6,870,000	  	###
	 Boeing 787-8
	  	N817AN	  	$16,914,000	  	###
	 Boeing 787-8
	  	N818AL	  	$16,928,000	  	###
	 Boeing 787-8
	  	N819AN	  	$16,952,000	  	###
	 Boeing 787-9
	  	N825AA	  	$19,749,000	  	###
	 Embraer ERJ 175 LR
	  	N248NN	  	$4,181,000	  	###
	 Embraer ERJ 175 LR
	  	N249NN	  	$4,184,000	  	###
	 Embraer ERJ 175 LR
	  	N250NN	  	$4,184,000	  	###
	 Embraer ERJ 175 LR
	  	N251NN	  	$4,193,000	  	###
	 Embraer ERJ 175 LR
	  	N252NN	  	$4,193,000	  	###
	 Embraer ERJ 175 LR
	  	N253NN	  	$4,196,000	  	###
	 Embraer ERJ 175 LR
	  	N254NN	  	$4,196,000	  	###

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 SCHEDULE II to 

DEPOSIT AGREEMENT 
 The Depositary may confirm the
instructions received by return call to one of the telephone numbers listed below. 
  

			
	Telephone Number (including Country code)	 	Name
	 ###
	 	See Exhibit A

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 EXHIBIT A to 

DEPOSIT AGREEMENT 
 FORM OF
NOTICE OF PURCHASE WITHDRAWAL 
 NOTICE OF PURCHASE WITHDRAWAL 

Citibank, NA, as Depositary 
 480 Washington Blvd., 18th Floor

 Jersey City, NJ 07310 
 Attention: ### 

Reference: American Airlines 2017-1 EETC 

Telephone: ### 
 Email: ### 

Ladies and Gentlemen: 
 Reference is made to the
Deposit Agreement (Class B) dated as of January 13, 2017 (the “Deposit Agreement”) between Wilmington Trust, National Association, as Escrow Agent, and Citibank, N.A., as Depositary (the “Depositary”). 

In accordance with Section 2.3(a) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of the
Deposit, $[            ], from Account No. [                    ] 

The undersigned hereby directs the Depositary to pay the entire amount of the Deposit to [American Airlines, Inc. at JPMorgan Chase, ABA No.
###, Account Number ###, Reference: American Airlines 2017-1B EETC] [the Pass Through Trustee at Wilmington Trust Company, Wilmington, Delaware, ABA No. ###, Corporate Trust, Account No.
[                    ], Reference: American Airlines 2017-1B EETC]1 on [            ], 20[        ]. 

 

	1 	If any excess amounts, that would need to be re-deposited pursuant to Section 2.4 of the Deposit Agreement and the applicable Funding Notice, have been identified as of the
date of this notice, the account to be specified here should be that of the Pass Through Trustee so that the Pass Through Trustee can re-deposit such excess amounts with the Depositary in accordance with
Section 2.4. If any such excess amounts are identified following delivery of this notice, a separate substantially similar notice may be sent specifying such account of the Pass Through Trustee. If there are no such excess amounts, the account
number specified here should be that of American. 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 
			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

	     as Escrow Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: As of [            ], 2017 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 EXHIBIT B to 

DEPOSIT AGREEMENT 
 FORM OF
NOTICE OF FINAL WITHDRAWAL 
 NOTICE OF FINAL WITHDRAWAL 

Citibank, NA, as Depositary 
 480 Washington Blvd., 18th Floor

 Jersey City, NJ 07310 
 Attention: ### 

Reference: American Airlines 2017-1 EETC 

Telephone: ### 
 Email: ### 

Ladies and Gentlemen: 
 Reference is made to the
Deposit Agreement (Class B) dated as of January 13, 2017 (the “Deposit Agreement”) between Wilmington Trust, National Association, as Escrow Agent, and Citibank, N.A., as Depositary (the “Depositary”). 

In accordance with Section 2.3(b)(i) of the Deposit Agreement, the undersigned hereby requests the withdrawal of (x) the entire amount of
all of the remaining Deposits together with (y) all accrued and unpaid interest on such Deposits to but excluding [            ], 20[    ]. 

The undersigned hereby directs the Depositary to pay the entire amount of such Deposits and accrued and unpaid interest thereon on
[            ], 20[    ] to the Paying Agent at Wilmington Trust Company, Wilmington, Delaware, ABA No. ###, Corporate Trust, Account No.
[                    ], Reference: American Airlines 2017-1B EETC. 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 
			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

	    as Escrow Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: As of [            ], 2017 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 EXHIBIT C to 

DEPOSIT AGREEMENT 
 FORM OF
NOTICE OF REPLACEMENT WITHDRAWAL 
 NOTICE OF REPLACEMENT WITHDRAWAL 

Citibank, NA, as Depositary 
 480 Washington Blvd., 18th Floor

 Jersey City, NJ 07310 
 Attention: ### 

Reference: American Airlines 2017-1 EETC 

Telephone: ### 
 Email: ### 

Ladies and Gentlemen: 
 Reference is made to the
Deposit Agreement (Class B) dated as of January 13, 2017 (the “Deposit Agreement”) between Wilmington Trust, National Association, as Escrow Agent, and Citibank, N.A., as Depositary (the “Depositary”). 

In accordance with Section 2.3(b)(ii) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the following: (x) with
respect to all Deposits currently held by the Depositary, (1) the entire amount of such Deposits together with (2) all accrued and unpaid interest on such Deposits to but excluding
[            ], 20[    ] and (y) with respect to all Deposits, if any, previously withdrawn pursuant to a Notice of Purchase Withdrawal, all accrued
and unpaid interest on such Deposits to but excluding the date of the applicable Purchase Withdrawal. 
 The undersigned hereby directs the
Depositary to pay on [            ], 20[    ] (i) the amount requested to be withdrawn pursuant to clause (x) above to
[        ], ABA No. [                    ], Account No.
[                    ], Reference: American Airlines 2017-1 Initial Deposit B; and (ii) the
amount requested to be withdrawn pursuant to clause (y) above to the Paying Agent at Wilmington Trust Company, Wilmington, Delaware, ABA No. ###, Corporate Trust, Account No.
[                    ], Reference: American Airlines 2017-1B EETC. 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

	     as Escrow Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: As of [            ], 2017 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

 EXHIBIT D to 

DEPOSIT AGREEMENT 
 FORM OF
NOTICE OF EVENT OF LOSS WITHDRAWAL 
 NOTICE OF EVENT OF LOSS WITHDRAWAL 

Citibank, NA, as Depositary 
 480 Washington Blvd., 18th Floor

 Jersey City, NJ 07310 
 Attention: ### 

Reference: American Airlines 2017-1 EETC 

Telephone: ### 
 Email: ### 

Ladies and Gentlemen: 
 Reference is made to the
Deposit Agreement (Class B) dated as of January 13, 2017 (the “Deposit Agreement”) between Wilmington Trust, National Association, as Escrow Agent, and Citibank, N.A., as Depositary (the “Depositary”). 

In accordance with Section 2.3(b)(iii) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of the
Deposit, $[            ], from Account No. [                    ], relating
to the aircraft bearing U.S. registration number N[            ], together with the payment of all accrued and unpaid interest on such Deposits to but excluding
[            ], 20[    ]. 
 The undersigned
hereby directs the Depositary to pay the entire amount of such Deposit and accrued and unpaid interest thereon on [            ], 20[    ] to the Paying
Agent at Wilmington Trust Company, Wilmington, Delaware, ABA No. ###, Corporate Trust, Account No. [                    ], Reference: American
Airlines 2017-1B EETC. 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC) 

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

	    as Escrow Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: As of [            ], 2017 

  
 Deposit Agreement (Class
B) 
 (American Airlines 2017-1 Aircraft EETC)EX-4.9

 Exhibit 4.9 

Execution Version 
  

 
  

ESCROW AND PAYING AGENT AGREEMENT 

(Class AA) 
 Dated as of
January 13, 2017 
 among 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Escrow Agent 
 CREDIT SUISSE
SECURITIES (USA) LLC, 
 CITIGROUP GLOBAL MARKETS INC. 

and 
 DEUTSCHE BANK SECURITIES
INC., 
 for themselves and on behalf of the several Underwriters 

WILMINGTON TRUST COMPANY, 
 not in
its individual capacity, 
 but solely as Pass Through Trustee 

for and on behalf of 
 American
Airlines Pass Through Trust 2017-1AA 
 as Pass Through Trustee 

and 
 WILMINGTON TRUST COMPANY,

 as Paying Agent 
  

 
  

 

  

					
		  		  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 Table of Contents 

 

							
	 	  	 	  	Page	 
			
	 SECTION 1.
	  	Escrow Agent	  	 	2	  
			
	 Section 1.01.
	  	Appointment of Escrow Agent	  	 	2	  
	 Section 1.02.
	  	Instruction; Etc	  	 	3	  
	 Section 1.03.
	  	Initial Escrow Amount; Issuance of Escrow Receipts	  	 	5	  
	 Section 1.04.
	  	Payments to Receiptholders	  	 	6	  
	 Section 1.05.
	  	Mutilated, Destroyed, Lost or Stolen Escrow Receipt	  	 	6	  
	 Section 1.06.
	  	Additional Escrow Amounts	  	 	7	  
	 Section 1.07.
	  	Resignation or Removal of Escrow Agent	  	 	7	  
	 Section 1.08.
	  	Persons Deemed Owners	  	 	7	  
	 Section 1.09.
	  	Further Assurances	  	 	8	  
			
	 SECTION 2.
	  	Paying Agent	  	 	8	  
			
	 Section 2.01.
	  	Appointment of Paying Agent	  	 	8	  
	 Section 2.02.
	  	Establishment of Paying Agent Account	  	 	8	  
	 Section 2.03.
	  	Payments from Paying Agent Account	  	 	9	  
	 Section 2.04.
	  	Withholding Taxes	  	 	10	  
	 Section 2.05.
	  	Resignation or Removal of Paying Agent	  	 	10	  
	 Section 2.06.
	  	Notice of Final Withdrawal	  	 	11	  
	 Section 2.07.
	  	Notice of Event of Loss Withdrawal	  	 	11	  
	 Section 2.08.
	  	Further Assurances	  	 	12	  
			
	 SECTION 3.
	  	Payments	  	 	12	  
			
	 SECTION 4.
	  	Other Actions	  	 	12	  
			
	 SECTION 5.
	  	Representations and Warranties of the Escrow Agent	  	 	13	  
			
	 SECTION 6.
	  	Representations and Warranties of the Paying Agent	  	 	14	  
			
	 SECTION 7.
	  	Indemnification	  	 	15	  
			
	 SECTION 8.
	  	Amendment, Etc	  	 	15	  
			
	 SECTION 9.
	  	Notices	  	 	16	  
			
	 SECTION 10.
	  	Transfer	  	 	17	  
			
	 SECTION 11.
	  	Entire Agreement	  	 	17	  
			
	 SECTION 12.
	  	Governing Law	  	 	17	  
			
	 SECTION 13.
	  	Submission to Jurisdiction in New York	  	 	17	  
			
	 SECTION 14.
	  	Waiver of Jury Trial Right	  	 	18	  
			
	 SECTION 15.
	  	Counterparts	  	 	18	  
			
	 SECTION 16.
	  	Rights of Holders	  	 	18	  
			
	 Exhibit A
	  	Form of Escrow Receipt	  			
	 Exhibit B
	  	Form of Withdrawal Certificate	  			

  

  

					
		  		  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 ESCROW AND PAYING AGENT AGREEMENT 

(Class AA) 
 This ESCROW
AND PAYING AGENT AGREEMENT (Class AA), dated as of January 13, 2017 (as amended, modified or supplemented from time to time, this “Agreement”), is made by and among WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking
association, as Escrow Agent (in such capacity, together with its successors in such capacity, the “Escrow Agent”); CREDIT SUISSE SECURITIES (USA) LLC (“CS”), CITIGROUP GLOBAL MARKETS INC. (“CGMI”)
and DEUTSCHE BANK SECURITIES INC. (“DBSI”), for themselves and on behalf of the several underwriters of the Certificates referred to below (the “Underwriters” and, together with their respective transferees and
assigns as registered owners of the Certificates, the “Investors”) under the Underwriting Agreement referred to below; WILMINGTON TRUST COMPANY, a Delaware trust company, not in its individual capacity except as otherwise expressly
provided herein, but solely as trustee (in such capacity, together with its successors in such capacity, the “Pass Through Trustee”) under the Pass Through Trust Agreement referred to below; and WILMINGTON TRUST COMPANY, a Delaware
trust company, as paying agent hereunder (in such capacity, together with its successors in such capacity, the “Paying Agent”). 

W I T N E S S E T H: 

WHEREAS, American Airlines, Inc. (“American”) and the Pass Through Trustee have entered into a Trust Supplement No. 2017-1AA, dated as of January 13, 2017 (the “Trust Supplement”), to the Pass Through Trust Agreement, dated as of September 16, 2014 (together, as amended, modified or supplemented from
time to time in accordance with the terms thereof, the “Pass Through Trust Agreement”), relating to American Airlines Pass Through Trust 2017-1AA (the “Pass Through Trust”)
pursuant to which the American Airlines Pass Through Trust, Series 2017-1AA Certificates referred to therein (the “Certificates”) are being issued (the date of such issuance, the
“Issuance Date”); 
 WHEREAS, American and CS, CGMI and DBSI, acting individually and as representatives of the
Underwriters, have entered into an Underwriting Agreement, dated as of January 4, 2017 (as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Underwriting Agreement”), pursuant to
which the Pass Through Trustee will issue and sell the Certificates to the Underwriters; 
 WHEREAS, American, the Pass Through Trustee and
certain other persons concurrently herewith are entering into the Note Purchase Agreement, dated as of the date hereof (as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Note Purchase
Agreement”), pursuant to which the Pass Through Trustee has agreed to acquire from time to time on or prior to the Delivery Period Termination Date (as defined in the Note Purchase Agreement) equipment notes (the 

  

					
		  		  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
“Equipment Notes”) issued either in respect of aircraft owned by American or to finance the acquisition of certain aircraft by American, as owner, utilizing a portion of the
proceeds from the sale of the Certificates (the “Net Proceeds”); 
 WHEREAS, the Underwriters and the Pass Through Trustee
intend that the Net Proceeds be held in escrow by the Escrow Agent on behalf of the Investors, subject to withdrawal upon request by the Pass Through Trustee and satisfaction of the conditions set forth in the Note Purchase Agreement for the purpose
of purchasing Equipment Notes, and that pending such withdrawal the Net Proceeds be deposited on behalf of the Escrow Agent with Citibank, N.A., as Depositary (the “Depositary”, which shall also be deemed to refer to any Replacement
Depositary (as defined in the Note Purchase Agreement) from and after the date on which the Deposits are transferred to such Replacement Depositary) under the Deposit Agreement (Class AA), dated as of the date hereof, between the Depositary and the
Escrow Agent relating to the Pass Through Trust (as amended, modified, supplemented or replaced from time to time in accordance with the terms thereof, the “Deposit Agreement”, which shall also be deemed to refer to any Replacement
Deposit Agreement (as defined in the Note Purchase Agreement) to which the Escrow Agent becomes a party pursuant to Section 1.02(a) hereof from and after the transfer of the Deposits from the Depositary to the Replacement Depositary) pursuant
to which, among other things, the Depositary will pay interest for distribution to the Investors and establish accounts from which the Escrow Agent shall make withdrawals upon request of and proper certification by the Pass Through Trustee; 

WHEREAS, the Escrow Agent wishes to appoint the Paying Agent to pay amounts required to be distributed to the Investors in accordance with
this Agreement; and 
 WHEREAS, capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Pass
Through Trust Agreement. 
 NOW, THEREFORE, in consideration of the obligations contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION
1.    Escrow Agent. 
 Section 1.01.    Appointment of Escrow Agent. Each of the
Underwriters, for and on behalf of each of the Investors, hereby irrevocably appoints, authorizes and directs the Escrow Agent to act as escrow agent hereunder and under the Deposit Agreement for such specific purposes and with such powers as are
specifically delegated to the Escrow Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto. Any and all money received and held by the Escrow Agent under this Agreement or the Deposit Agreement
shall be held in escrow by the Escrow Agent in accordance with the terms of this Agreement. This Agreement is irrevocable and the 

  

					
		  	2	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
Investors’ and the Pass Through Trustee’s rights with respect to any monies received and held in escrow by the Escrow Agent under this Agreement or the Deposit Agreement shall only be
as provided under the terms and conditions of this Agreement and the Deposit Agreement. The Escrow Agent (which term as used in this sentence shall include reference to its affiliates and its own and its affiliates’ officers, directors,
employees and agents): (a) shall have no duties or responsibilities except those expressly set forth in this Agreement; (b) shall not be responsible for any recitals, statements, representations or warranties of any person other than itself
contained in this Agreement or the Deposit Agreement or for the failure by the Pass Through Trustee, the Investors or any other person or entity (other than the Escrow Agent) to perform any of its obligations hereunder (whether or not the Escrow
Agent shall have any knowledge thereof); (c) may consult with legal counsel in connection with its duties hereunder and under the Deposit Agreement and shall be fully protected if any action taken, suffered or permitted by it in good faith in
accordance with the advice of counsel selected by it with due care; (d) shall not be responsible for any action taken or omitted to be taken by it hereunder or provided for herein or in connection herewith, except for its own willful misconduct
or gross negligence (or simple negligence in connection with the handling of funds); and (e) shall in no event be liable for punitive, incidental or consequential damages. 

Section 1.02.    Instruction; Etc. The Underwriters, for and on behalf of each of the Investors, hereby
irrevocably instruct the Escrow Agent, and the Escrow Agent agrees: 
 (a)    to enter into the Deposit Agreement, and,
if applicable, in accordance with Section 5 of the Note Purchase Agreement, to enter into a Replacement Deposit Agreement with the Replacement Depositary; 

(b)    to appoint the Paying Agent as provided in this Agreement; 

(c)    upon receipt at any time and from time to time prior to the Termination Date (as defined below) of a certificate
substantially in the form of Exhibit B hereto (a “Withdrawal Certificate”) executed by the Pass Through Trustee, together with an attached Notice of Purchase Withdrawal in substantially the form of Exhibit A to the Deposit
Agreement duly completed by the Pass Through Trustee (the “Applicable Notice of Purchase Withdrawal” and the withdrawal to which it relates, a “Purchase Withdrawal”), immediately to execute the Applicable Notice of
Purchase Withdrawal as Escrow Agent and transmit it to the Depositary by facsimile transmission in accordance with the Deposit Agreement; provided that, upon the request of the Pass Through Trustee after such transmission, the Escrow Agent
shall cancel such Applicable Notice of Purchase Withdrawal; 

  

					
		  	3	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 (d)    upon receipt of a Withdrawal Certificate executed by the Pass Through
Trustee, together with an attached Notice of Replacement Withdrawal (as such term is defined in the Deposit Agreement) in substantially the form of Exhibit C to the Deposit Agreement duly completed by the Pass Through Trustee, to: 

(X)    immediately execute such Notice of Replacement Withdrawal as Escrow Agent and transmit it to the
Depositary by facsimile transmission in accordance with the Deposit Agreement requesting a withdrawal, on the date specified in such notice, which shall not be less than five Business Days after such notice is given (the “Replacement
Withdrawal Date”), of (x) with respect to all Deposits then held by the Depositary, (1) the entire amount of such Deposits together with (2) all accrued and unpaid interest on such Deposits to but
excluding the Replacement Withdrawal Date and (y) with respect to all Deposits, if any, previously withdrawn pursuant to the Applicable Notices of Purchase Withdrawal, all accrued and unpaid interest on such Deposits to but excluding the
date of the applicable Purchase Withdrawal (such withdrawal of the amounts in the immediately preceding clauses (x) and (y), a “Replacement Withdrawal”); and 

(Y)    direct the Depositary to transfer (i) the amounts requested to be withdrawn pursuant to
clause (x) of the immediately preceding paragraph, to the Replacement Depositary in accordance with the Replacement Deposit Agreement and (ii) the amounts requested to be withdrawn pursuant to clause (y) of the immediately
preceding paragraph, to the Paying Agent Account (as defined below); 
 (e)    upon receipt of a Withdrawal Certificate
executed by the Pass Through Trustee, together with an attached Notice of Event of Loss Withdrawal (as such term is defined in the Deposit Agreement) in substantially the form of Exhibit D to the Deposit Agreement duly completed by the Pass Through
Trustee, to: 
 (X)    immediately execute such Notice of Event of Loss Withdrawal as Escrow Agent and
transmit it to the Depositary by facsimile transmission in accordance with the Deposit Agreement requesting a withdrawal, on the date specified in such notice, which shall not be less than 15 days after such notice is given (the “Event of
Loss Withdrawal Date”), of the Deposit specified in such Notice of Event of Loss Withdrawal together with all accrued and unpaid interest on such Deposit to but excluding the Event of Loss Withdrawal Date (an “Event of Loss
Withdrawal”); and 
 (Y)    direct the Depositary to transfer the amounts requested to be
withdrawn pursuant to the immediately preceding paragraph, to the Paying Agent Account (as defined below); 
 (f)    if
there are any undrawn Deposits (as defined in the Deposit Agreement) on the “Termination Date”, which shall mean the earlier of (i) the Outside Termination Date (as defined below) and (ii) the day on which the Escrow Agent

  

					
		  	4	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
receives notice from the Pass Through Trustee that the Pass Through Trustee’s obligation to purchase Equipment Notes under the Note Purchase Agreement has terminated and the Cut-Off Date has occurred, to immediately give notice to the Depositary (with a copy to the Paying Agent) substantially in the form of Exhibit B to the Deposit Agreement requesting a withdrawal of all of the
remaining Deposits, together with accrued and unpaid interest on such Deposits to the date of withdrawal, on the 15th day after the date that such notice of withdrawal is given to the Depositary
(or, if not a Business Day, on the next succeeding Business Day) (the “Final Withdrawal”); provided that, if the day scheduled for the Final Withdrawal in accordance with the foregoing is within 10 days before or after a
Regular Distribution Date, then the Escrow Agent shall request that such requested Final Withdrawal be made on such Regular Distribution Date (the date of such requested withdrawal, the “Final Withdrawal Date”). If for any reason
the Escrow Agent shall have failed to give the Final Withdrawal Notice to the Depositary on or before the Outside Termination Date and there are unwithdrawn Deposits on such date, the Final Withdrawal Date shall be deemed to be the Outside
Termination Date. The term “Outside Termination Date” shall mean September 30, 2017 (provided that, if a labor strike occurs or continues at either Airbus S.A.S., The Boeing Company or Embraer S.A. after the Issuance Date and
on or prior to September 30, 2017, such date shall be extended by adding thereto the number of days that such strike continued in effect after the Issuance Date, but not more than 60 days and excluding any period of a strike at Airbus S.A.S.,
The Boeing Company or Embraer S.A. after all aircraft of such manufacturer shall have been financed hereunder). 

Section 1.03.    Initial Escrow Amount; Issuance of Escrow Receipts. The Escrow Agent hereby directs the
Underwriters to, and the Underwriters hereby acknowledge that on the date hereof they shall, irrevocably deliver to the Depositary on behalf of the Escrow Agent, an amount in U.S. dollars (“Dollars”) and immediately available funds
equal to $536,811,000 for deposit on behalf of the Escrow Agent with the Depositary in accordance with Section 2.1 of the Deposit Agreement. The Underwriters hereby instruct the Escrow Agent, upon receipt by the Depositary
of such sum from the Underwriters, to confirm such receipt by executing and delivering to the Pass Through Trustee an Escrow Receipt in the form of Exhibit A hereto (each, an “Escrow Receipt” and, collectively, the
“Escrow Receipts”) (a) to be affixed by the Pass Through Trustee to each Certificate and (b) to evidence the same percentage interest (the “Escrow Interest”) in the Account Amounts (as defined
below) as the Fractional Undivided Interest in the Pass Through Trust evidenced by the Certificate to which such Escrow Receipt is to be affixed. The Escrow Agent shall provide to the Pass Through Trustee for attachment to each Certificate newly
issued under and in accordance with the Pass Through Trust Agreement an executed Escrow Receipt as the Pass Through Trustee may from time to time request of the Escrow Agent. Each Escrow Receipt shall be registered by the Escrow Agent in a register
(the “Register”) maintained by the Escrow Agent in the name of the same holder that is the holder of the Certificate to which such Escrow Receipt is attached and may not thereafter be detached from such Certificate to which it is to
be affixed. No Escrow 

  

					
		  	5	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
Receipt may be assigned or transferred except in connection with the assignment or transfer of the Certificate to which such Escrow Receipt is affixed. After the termination of the Deposit
Agreement (or, if applicable, any Replacement Deposit Agreement), no additional Escrow Receipts shall be issued and the Pass Through Trustee shall request the return to the Escrow Agent for cancellation of all outstanding Escrow Receipts. 

Section 1.04.    Payments to Receiptholders. All payments and distributions made to a holder (each, a
“Receiptholder” and, collectively, the “Receiptholders”) of an Escrow Receipt in respect of such Escrow Receipt shall be made only from amounts deposited in the Paying Agent Account (as defined below) (the
“Account Amounts”). Each Receiptholder, by its acceptance of an Escrow Receipt, agrees that (a) it will look solely to the Account Amounts for any payment or distribution due to such Receiptholder pursuant to the terms
of such Escrow Receipt and this Agreement (subject to Section 16 hereof) and (b) it will have no recourse to American, the Pass Through Trustee, the Paying Agent or the Escrow Agent, except as expressly provided
herein or in the Pass Through Trust Agreement. No Receiptholder shall have any right to vote or in any manner otherwise control the operation and management of the Paying Agent Account (as defined below) or the obligations of the parties hereto, nor
shall anything set forth herein, or contained in the terms of any Escrow Receipt, be construed so as to constitute the Receiptholders from time to time as partners or members of an association. 

Section 1.05.    Mutilated, Destroyed, Lost or Stolen Escrow Receipt. If (a) any mutilated Escrow
Receipt is surrendered to the Escrow Agent or the Escrow Agent receives evidence to its satisfaction of the destruction, loss or theft of any Escrow Receipt and (b) there is delivered to the Escrow Agent and the Pass Through Trustee such
security, indemnity or bond, as may be required by them to hold each of them harmless, then, absent notice to the Escrow Agent or the Pass Through Trustee that such destroyed, lost or stolen Escrow Receipt has been acquired by a bona fide purchaser,
and provided that the requirements of Section 8-405 of the Uniform Commercial Code in effect in any applicable jurisdiction are met, the Escrow Agent shall execute and deliver, in exchange for or in lieu
of any such mutilated, destroyed, lost or stolen Escrow Receipt, a new Escrow Receipt or Escrow Receipts of like Escrow Interest in the Account Amounts and bearing a number not contemporaneously outstanding. 

In connection with the issuance of any new Escrow Receipt under this Section 1.05, the Escrow Agent may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Pass Through Trustee and the Escrow Agent) connected therewith. 

Any duplicate Escrow Receipt issued pursuant to this Section 1.05 shall constitute conclusive evidence of the
appropriate Escrow Interest in the Account Amounts, as if originally issued, whether or not the lost, stolen or destroyed Escrow Receipt shall be found at any time. 

  

					
		  	6	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 The provisions of this Section 1.05 are exclusive and shall preclude
(to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Escrow Receipts. 

Section 1.06.    Additional Escrow Amounts. On the date of any Purchase Withdrawal, the Pass Through Trustee
may re-deposit with the Depositary some or all of the amounts so withdrawn in accordance with Section 2.4 of the Deposit Agreement. 

Section 1.07.    Resignation or Removal of Escrow Agent. Subject to the appointment and acceptance of a
successor Escrow Agent as provided below, the Escrow Agent may resign at any time by giving 30 days’ prior written notice thereof to the Investors, but may not otherwise be removed except for cause by the written consent of the Investors with
respect to Investors representing Escrow Interests aggregating not less than a majority in interest in the Account Amounts (an “Action of Investors”). Upon any such resignation or removal, the Investors, by an Action of Investors,
shall have the right to appoint a successor Escrow Agent. If no successor Escrow Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Escrow Agent’s giving of notice of resignation or the
removal of the retiring Escrow Agent, then the retiring Escrow Agent may appoint a successor Escrow Agent. Any successor Escrow Agent shall be a bank or a trust company which has an office in the United States with a combined capital and surplus of
at least $100,000,000. Upon the acceptance of any appointment as Escrow Agent hereunder by a successor Escrow Agent, such successor Escrow Agent shall enter into such documents as the Pass Through Trustee shall require and shall thereupon succeed to
and become vested with all the rights, powers, privileges and duties of the retiring Escrow Agent, and the retiring Escrow Agent shall be discharged from its duties and obligations hereunder. No resignation or removal of the Escrow Agent shall be
effective unless a written confirmation shall have been obtained from each of Fitch Ratings, Inc. and Moody’s Investors Service, Inc. to the effect that the replacement of the Escrow Agent with the successor Escrow Agent will not result in
(a) a reduction of the rating for the Certificates below the then current rating for the Certificates or (b) a withdrawal or suspension of the rating of the Certificates. 

Section 1.08.    Persons Deemed Owners. Prior to due presentment of a Certificate for registration of
transfer, the Escrow Agent and the Paying Agent may treat the Person in whose name any Escrow Receipt is registered (as of the day of determination) as the owner of such Escrow Receipt for the purpose of receiving distributions pursuant to this
Agreement and for all other purposes whatsoever, and neither the Escrow Agent nor the Paying Agent shall be affected by any notice to the contrary. 

  

					
		  	7	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 Section 1.09.    Further Assurances. Without limiting Sections
4 and 8 of this Agreement, the Escrow Agent agrees to take such actions, and execute such other documents, as may be reasonably requested by the Pass Through Trustee in order to effectuate the purposes of this Agreement, the Note Purchase
Agreement or the Deposit Agreement and the performance by the Escrow Agent of its obligations hereunder or thereunder. 
 SECTION
2.    Paying Agent. 
 Section 2.01.    Appointment of Paying Agent. The Escrow
Agent hereby irrevocably appoints and authorizes the Paying Agent to act as its paying agent hereunder, for the benefit of the Investors, for such specific purposes and with such powers as are specifically delegated to the Paying Agent by the terms
of this Agreement, together with such other powers as are reasonably incidental thereto. Any and all money received and held by the Paying Agent under this Agreement or the Deposit Agreement shall be held in the Paying Agent Account for the benefit
of the Investors.    The Paying Agent (which term as used in this sentence shall include reference to its affiliates and its own and its affiliates’ officers, directors, employees and agents): (a) shall have no duties or
responsibilities except those expressly set forth in this Agreement, and shall not by reason of this Agreement be a trustee for the Escrow Agent; (b) shall not be responsible for any recitals, statements, representations or warranties of any
person other than itself contained in this Agreement or for the failure by the Escrow Agent or any other person or entity (other than the Paying Agent) to perform any of its obligations hereunder (whether or not the Paying Agent shall have any
knowledge thereof); (c) may consult with legal counsel in connection with its duties hereunder and under the Deposit Agreement and shall be fully protected if any action taken, suffered or permitted by it in good faith in accordance with the advice
of counsel selected by it with due care; (d) shall not be responsible for any action taken or omitted to be taken by it hereunder or provided for herein or in connection herewith, except for its own willful misconduct or gross negligence (or
simple negligence in connection with the handling of funds); and (e) shall in no event be liable for punitive, incidental or consequential damages. 

Section 2.02.    Establishment of Paying Agent Account. Upon the execution of this Agreement, the Paying Agent
shall establish and maintain a segregated trust account (the “Paying Agent Account”) with the corporate trust department of Wilmington Trust Company in the name of the Escrow Agent, bearing a designation clearly indicating that the
funds deposited therein are held in trust for the benefit of the Escrow Agent. It is expressly understood by the parties hereto that the Paying Agent is acting as the paying agent and trustee of the Escrow Agent hereunder and that no amounts on
deposit in the Paying Agent Account constitute part of the Trust Property. The Paying Agent shall be under no obligation to invest any amounts held by it pursuant to the terms of this Agreement and the funds held in the Paying Agent Account shall
not earn or accrue interest. 

  

					
		  	8	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 Section 2.03.    Payments from Paying Agent Account. The Escrow
Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows: 
 (a)    On each
Interest Payment Date (as defined in the Deposit Agreement) or as soon thereafter as the Paying Agent has confirmed receipt in the Paying Agent Account from the Depositary of any amount in respect of accrued interest on the Deposits (other than as
part of any Replacement Withdrawal, Event of Loss Withdrawal or Final Withdrawal), the Paying Agent shall distribute out of the Paying Agent Account the entire amount deposited therein by the Depositary. There shall be so distributed to each
Receiptholder of record in the Register on the 15th day (whether or not a Business Day) preceding such Interest Payment Date by check mailed to such Receiptholder, at the address appearing in the
Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the total amount of interest deposited by the Depositary in the Paying Agent Account on such date, except that,
with respect to Escrow Receipts registered on the record date specified above in the name of a nominee of The Depository Trust Company (“DTC”), such distribution shall be made by wire transfer in immediately available funds to the
account designated by DTC. 
 (b)    Upon the confirmation by the Paying Agent of receipt in the Paying Agent Account
from the Depositary of any amount in respect of any Final Withdrawal or any Event of Loss Withdrawal, the Paying Agent shall forthwith distribute the entire amount of the Final Withdrawal or such Event of Loss Withdrawal deposited therein by the
Depositary. There shall be so distributed to each Receiptholder of record on the 15th day (whether or not a Business Day) preceding the Final Withdrawal Date or the Event of Loss Withdrawal Date,
as applicable, by check mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro rata share (based on the Escrow Interest in the Account Amounts held by such Receiptholder) of the total amount in the
Paying Agent Account on account of such Final Withdrawal or such Event of Loss Withdrawal, except that, with respect to Escrow Receipts registered on the record date specified above in the name of a nominee of DTC, such distribution shall be made by
wire transfer in immediately available funds to the account designated by DTC. 
 (c)    Upon the confirmation by the
Paying Agent of receipt in the Paying Agent Account from the Depositary of any amount referred to in clause (y) of Section 1.02(d)(X) in respect of the Replacement Withdrawal, on the immediately succeeding Interest Payment Date,
the Paying Agent shall distribute out of the Paying Agent Account the entire such amount deposited therein by the Depositary. There shall be so distributed to each Receiptholder of record in the Register on the 15th day (whether or not a Business Day) preceding such Interest Payment Date by check mailed to such Receiptholder, at the address appearing in the Register, such Receiptholder’s pro rata share
(based on the Escrow Interest in the Account Amounts held by such Receiptholder) 

  

					
		  	9	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
of the total amount of interest deposited by the Depositary in the Paying Agent Account on such date, except that, with respect to Escrow Receipts registered on the record date specified above in
the name of a nominee of DTC, such distribution shall be made by wire transfer in immediately available funds to the account designated by DTC. 

(d)    If any payment of interest referred to in Section 2.03(a) or of interest or principal in respect of any
Final Withdrawal, any Replacement Withdrawal or any Event of Loss Withdrawal is not received by the Paying Agent within five days of the applicable date when due, then it shall be distributed to Receiptholders after actual receipt by the Paying
Agent on the same basis as a Special Payment is distributed under the Pass Through Trust Agreement. 
 (e)    The Paying
Agent shall include with any check mailed pursuant to this Section 2.03 any notice required to be distributed under the Pass Through Trust Agreement that is furnished to the Paying Agent by the Pass Through Trustee. 

Section 2.04.    Withholding Taxes. The Paying Agent shall exclude and withhold from each distribution of
accrued interest on the Deposits (as defined in the Deposit Agreement) and any amount in respect of any Final Withdrawal and any Event of Loss Withdrawal any and all withholding taxes applicable thereto as required by law. The Paying Agent agrees to
act as such withholding agent and, in connection therewith, whenever any present or future taxes or similar charges are required to be withheld with respect to any amounts payable in respect of the Deposits (as defined in the Deposit Agreement) or
the escrow amounts, to withhold such amounts and timely pay the same to the appropriate authority in the name of and on behalf of the Receiptholders, that it will file any necessary withholding tax returns or statements when due, and that, as
promptly as possible after the payment thereof, it will deliver to each such Receiptholder appropriate documentation showing the payment thereof, together with such additional documentary evidence as such Receiptholder may reasonably request from
time to time. The Paying Agent agrees to file any other information reports as it may be required to file under United States law. 

Section 2.05.    Resignation or Removal of Paying Agent. Subject to the appointment and acceptance of a
successor Paying Agent as provided below, the Paying Agent may resign at any time by giving 30 days’ prior written notice thereof to the Escrow Agent, but may not otherwise be removed except for cause by the Escrow Agent. Upon any such
resignation or removal, the Escrow Agent shall have the right to appoint a successor Paying Agent. If no successor Paying Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Paying
Agent’s giving of notice of resignation or the removal of the retiring Paying Agent, then the retiring Paying Agent may appoint a successor Paying Agent. Any successor Paying Agent shall be a bank or a trust company which has an office in the
United States with a combined capital and surplus of at least $100,000,000. Upon the acceptance of any 

  

					
		  	10	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
appointment as Paying Agent hereunder by a successor Paying Agent, such successor Paying Agent shall enter into such documents as the Escrow Agent shall require and shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Paying Agent, and the retiring Paying Agent shall be discharged from its duties and obligations hereunder. 

Section 2.06.    Notice of Final Withdrawal. Promptly after receipt by the Paying Agent of notice that the
Escrow Agent has requested a Final Withdrawal or that a Final Withdrawal will be made, the Paying Agent shall cause notice of the distribution of the Final Withdrawal to be mailed to each of the Receiptholders at its address as it appears in the
Register. Subject to (i) the proviso at the end of the first sentence of Section 1.02(f) and (ii) the second sentence of Section 1.02(f), such notice shall be mailed not less than 15 days prior to the Final Withdrawal Date.
Such notice shall set forth: 
 (i)    the Final Withdrawal Date and the date for determining
Receiptholders of record who shall be entitled to receive distributions in respect of the Final Withdrawal, 

(ii)    the amount of the payment in respect of the Final Withdrawal for each $1,000 face amount
Certificate (based on information provided by the Pass Through Trustee) and the amount thereof constituting unused Deposits (as defined in the Deposit Agreement) and interest thereon, and 

(iii)    if the Final Withdrawal Date is the same date as a Regular Distribution Date, the total amount to
be received on such date for each $1,000 face amount Certificate (based on information provided by the Pass Through Trustee). 
 Such
mailing may include any notice required to be given to Certificateholders in connection with such distribution pursuant to the Pass Through Trust Agreement. 

Section 2.07.    Notice of Event of Loss Withdrawal. Promptly after receipt by the Paying Agent of notice that
the Escrow Agent has requested an Event of Loss Withdrawal or that an Event of Loss Withdrawal will be made, the Paying Agent shall cause notice of the distribution of such Event of Loss Withdrawal to be mailed to each of the Receiptholders at its
address as it appears in the Register. Such notice shall be mailed not less than 15 days prior to the applicable Event of Loss Withdrawal Date. Such notice shall set forth: 

(i)    the applicable Event of Loss Withdrawal Date and the date for determining Receiptholders of record
who shall be entitled to receive distributions in respect of such Event of Loss Withdrawal, 

  

					
		  	11	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 (ii)    the amount of the payment in respect of such Event of
Loss Withdrawal for each $1,000 face amount Certificate (based on information provided by the Pass Through Trustee) and the amount thereof constituting the applicable unused Deposit (as defined in the Deposit Agreement) and interest thereon, and

 (iii)    if such Event of Loss Withdrawal Date is the same date as a Regular Distribution Date, the
total amount to be received on such date for each $1,000 face amount Certificate (based on information provided by the Pass Through Trustee). 

Such mailing may include any notice required to be given to Certificateholders in connection with such distribution pursuant to the Pass
Through Trust Agreement. 
 Section 2.08.    Further Assurances. Without limiting
Section 8 of this Agreement, the Paying Agent agrees to take such actions, and execute such other documents, as may be reasonably requested by the Pass Through Trustee in order to effectuate the purposes of this Agreement
or the Note Purchase Agreement and the performance by the Escrow Agent of its obligations hereunder or thereunder. 
 SECTION
3.    Payments. If, notwithstanding the instructions in Section 4 of the Deposit Agreement that all amounts payable to the Escrow Agent under the Deposit Agreement be paid by the Depositary
directly to the Paying Agent, the Pass Through Trustee or a Replacement Depositary (depending on the circumstances), the Escrow Agent receives any payment thereunder, then the Escrow Agent shall forthwith pay such amount in Dollars and in
immediately available funds by wire transfer to (a) in the cases of (i) a payment of accrued interest on the Deposits (as defined in the Deposit Agreement), (ii) any Final Withdrawal, (iii) any Event of
Loss Withdrawal or (iv) any amount referred to in clause (y) of Section 1.02(d)(X) in respect of the Replacement Withdrawal, directly to the Paying Agent Account, (b) in the case of any Purchase Withdrawal,
directly to the Pass Through Trustee or its designee as specified and in the manner provided in the Applicable Notice of Purchase Withdrawal, and (c) in the case of any amount referred to in clause (x) of Section
1.02(d)(X) in respect of the Replacement Withdrawal, to the Replacement Depositary as provided in the Replacement Depositary Agreement. The Escrow Agent hereby waives any and all rights of set-off,
combination of accounts, right of retention or similar right (whether arising under applicable law, contract or otherwise) it may have against amounts payable to the Paying Agent howsoever arising. 

SECTION 4.    Other Actions. The Escrow Agent shall take such other actions under or in respect of the Deposit
Agreement (including, without limitation, the enforcement of the obligations of the Depositary thereunder) as the Investors, by an Action of Investors, may from time to time request, and agrees not to amend, supplement or otherwise modify the
Deposit Agreement without an Action of Investors, except that, 

  

					
		  	12	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
without limiting Sections 4(a)(v) and 5(e) of the Note Purchase Agreement, no such Action of Investors will be required for any amendment contemplated by such Sections of the Note Purchase
Agreement. 
 SECTION 5.    Representations and Warranties of the Escrow Agent. The Escrow Agent represents and
warrants to American, the Investors, the Paying Agent and the Pass Through Trustee as follows: 

(i)    it is a national banking association duly organized and validly existing in good standing under the
laws of the United States of America; 
 (ii)    it has full power, authority and legal right to conduct
its business and operations as currently conducted and to enter into and perform its obligations under this Agreement, the Deposit Agreement and any Replacement Deposit Agreement; 

(iii)    the execution, delivery and performance of each of this Agreement, the Deposit Agreement and any
Replacement Deposit Agreement have been duly authorized by all necessary corporate action on the part of it and do not require any stockholder approval, or approval or consent of any trustee or holder of any indebtedness or obligations of it, and
each such document (other than a Replacement Deposit Agreement) has been duly executed and delivered by it and constitutes its legal, valid and binding obligations enforceable against it in accordance with the terms hereof or thereof except as such
enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws or equitable principles of general application to or affecting the enforcement of creditors’ rights generally (regardless of whether such
enforceability is considered in a proceeding in equity or at law); 
 (iv)    no authorization, consent
or approval of or other action by, and no notice to or filing with, any United States federal or state governmental authority or regulatory body governing its banking or trust powers is required for the execution, delivery or performance by it of
this Agreement, the Deposit Agreement or any Replacement Deposit Agreement; 
 (v)    neither the
execution, delivery or performance by it of this Agreement, the Deposit Agreement or any Replacement Deposit Agreement, nor compliance with the terms and provisions hereof or thereof, conflicts or will conflict with or results or will result in a
breach or violation of any of the terms, conditions or provisions of, or will require any consent or approval under, any law, governmental rule or regulation applicable to the exercise of its banking or trust powers or the charter documents, as
amended, or bylaws, as amended, of it or any similar instrument binding on it or any order, 

  

					
		  	13	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
writ, injunction or decree of any court or governmental authority against it or by which it or any of its properties is bound or any indenture, mortgage or contract or other agreement or
instrument to which it is a party or by which it or any of its properties is bound, or constitutes or will constitute a default thereunder or results or will result in the imposition of any lien upon any of its properties; and 

(vi)    there are no pending or, to its knowledge, threatened actions, suits, investigations or proceedings
(whether or not purportedly on behalf of it) against or affecting it or any of its property before or by any court or administrative agency which, if adversely determined, (A) would adversely affect the ability of it to perform its
obligations under this Agreement, the Deposit Agreement or any Replacement Deposit Agreement or (B) would call into question or challenge the validity of this Agreement or the Deposit Agreement or the enforceability hereof or thereof in
accordance with the terms hereof or thereof, nor is the Escrow Agent in default with respect to any order of any court, governmental authority, arbitration board or administrative agency so as to adversely affect its ability to perform its
obligations under this Agreement or the Deposit Agreement. 
 SECTION 6.    Representations and Warranties of the
Paying Agent. The Paying Agent represents and warrants to American, the Investors, the Escrow Agent and the Pass Through Trustee as follows: 

(i)    it is a Delaware trust company duly organized and validly existing in good standing under the laws
of the State of Delaware; 
 (ii)    it has full power, authority and legal right to conduct its business
and operations as currently conducted and to enter into and perform its obligations under this Agreement; 

(iii)    the execution, delivery and performance of this Agreement has been duly authorized by all
necessary corporate action on the part of it and does not require any stockholder approval, or approval or consent of any trustee or holder of any indebtedness or obligations of it, and such document has been duly executed and delivered by it and
constitutes its legal, valid and binding obligations enforceable against it in accordance with the terms hereof except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws or equitable
principles of general application to or affecting the enforcement of creditors’ rights generally (regardless of whether such enforceability is considered in a proceeding in equity or at law); 

(iv)    no authorization, consent or approval of or other action by, and no notice to or filing with, any
United States federal or state governmental authority or regulatory body governing its banking or trust powers is required for the execution, delivery or performance by it of this Agreement; 

  

					
		  	14	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 (v)    neither the execution, delivery or performance by it
of this Agreement, nor compliance with the terms and provisions hereof, conflicts or will conflict with or results or will result in a breach or violation of any of the terms, conditions or provisions of, or will require any consent or approval
under, any law, governmental rule or regulation applicable to its banking or trust powers or the charter documents, as amended, or bylaws, as amended, of it or any similar instrument binding on it or any order, writ, injunction or decree of any
court or governmental authority against it or by which it or any of its properties is bound or any indenture, mortgage or contract or other agreement or instrument to which it is a party or by which it or any of its properties is bound, or
constitutes or will constitute a default thereunder or results or will result in the imposition of any lien upon any of its properties; and 

(vi)    there are no pending or, to its knowledge, threatened actions, suits, investigations or proceedings
(whether or not purportedly on behalf of it) against or affecting it or any of its property before or by any court or administrative agency which, if adversely determined, (A) would adversely affect the ability of it to perform its obligations
under this Agreement or (B) would call into question or challenge the validity of this Agreement or the enforceability hereof in accordance with the terms hereof, nor is the Paying Agent in default with respect to any order of any court,
governmental authority, arbitration board or administrative agency so as to adversely affect its ability to perform its obligations under this Agreement. 

SECTION 7.    Indemnification. Except for actions expressly required of the Escrow Agent or the Paying Agent
hereunder, each of the Escrow Agent and the Paying Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have been indemnified by the party requesting such action in a manner reasonably satisfactory to
it against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. In the event American requests any amendment to any Operative Agreement (as defined in the Note Purchase Agreement),
the Pass Through Trustee agrees to pay all reasonable fees and expenses (including, without limitation, fees and disbursements of counsel) of the Escrow Agent and the Paying Agent in connection therewith. 

SECTION 8.    Amendment, Etc. Upon request of the Pass Through Trustee and approval by an Action of Investors, the
Escrow Agent and Paying Agent shall enter into an amendment to this Agreement or the Note Purchase Agreement, so long as such amendment does not adversely affect the rights or obligations of the Escrow Agent or the Paying Agent; provided that
(i) without limiting Sections 4(a)(v) and 5(e) of the Note 

  

					
		  	15	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
Purchase Agreement, no such request or approval will be required for any amendment contemplated by such Sections of the Note Purchase Agreement and (ii) upon request of the Pass Through
Trustee and without any consent of the Investors, the Escrow Agent and Paying Agent shall enter into an amendment to this Agreement or the Note Purchase Agreement for any of the following purposes: 

(1)    to correct or supplement any provision in this Agreement or the Note Purchase Agreement which may be
defective or inconsistent with any other provision herein or therein or to cure any ambiguity or correct any mistake; or 

(2)    to modify any other provision with respect to matters or questions arising under this Agreement or
the Note Purchase Agreement, provided that any such action shall not materially adversely affect the interests of the Investors; or 

(3)    to comply with any requirement of the SEC, applicable law, rules or regulations of any exchange or
quotation system on which the Certificates are listed or any regulatory body; or 
 (4)    to evidence
and provide for the acceptance of appointment under this Agreement or the Note Purchase Agreement of a successor Escrow Agent, successor Paying Agent or successor Pass Through Trustee; or 

(5)    for any other purposes set forth in clauses (1) through (15) of
Section 9.01 of the Pass Through Trust Agreement. 
 SECTION 9.    Notices. Unless
otherwise expressly provided herein, any notice or other communication under this Agreement shall be in English and in writing and given by United States registered or certified mail, return receipt requested, overnight courier service or facsimile,
and any such notice shall be effective when received (or, if delivered by facsimile, upon completion of transmission and confirmation by the sender (by a telephone call to a representative of the recipient or by machine confirmation) that such
transmission was received). All notices shall be sent to (a) in the case of the Investors, as their respective addresses shall appear in the Register, (b) in the case of the Escrow Agent, Wilmington Trust, National Association, 1100 North
Market Street, Wilmington, DE 19890, Reference: American Airlines 2017-1AA EETC, Attention: ### (Telecopier: ###), (c) in the case of the Pass Through Trustee, Wilmington Trust Company, 1100 North Market
Street, Wilmington, DE 19890, Reference: American Airlines 2017-1AA EETC, Attention: ### (Telecopier: ###) or (d) in the case of the Paying Agent, Wilmington Trust Company, 1100 North Market Street,
Wilmington, DE 19890, Reference: American Airlines 2017-1AA EETC, Attention: ### (Telecopier: ###), in 

  

					
		  	16	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
each case with a copy to American, American Airlines, Inc., 4333 Amon Carter Boulevard, Mail Drop 5662, Fort Worth, Texas 76155, Reference: American Airlines
2017-1AA EETC, Attention: Treasurer (Telecopier: ###) (or at such other address as any such party may specify from time to time in a written notice to the other parties). On or prior to the execution of this
Agreement, the Pass Through Trustee has delivered to the Escrow Agent a certificate containing specimen signatures of the representatives of the Pass Through Trustee who are authorized to give notices and instructions with respect to this Agreement.
The Escrow Agent may conclusively rely on such certificate until the Escrow Agent receives written notice from the Pass Through Trustee to the contrary. 

The Escrow Agent shall notify the Receiptholders in the event of a default in the payment of interest on the Deposits when due in accordance
with the Deposit Agreement or a default in the payment of any Final Withdrawal, any Replacement Withdrawal or any Event of Loss Withdrawal in accordance with the terms of the Deposit Agreement and this Agreement and shall promptly forward to
Receiptholders upon receipt copies of all written communications relating to any payments due to the Receiptholders in respect of the Deposits. 

SECTION 10.    Transfer. No party hereto shall be entitled to assign or otherwise transfer this Agreement (or any
interest herein) other than (in the case of the Escrow Agent) to a successor escrow agent under Section 1.07 hereof or (in the case of the Paying Agent) to a successor paying agent under
Section 2.05 hereof, and any purported assignment in violation thereof shall be void. This Agreement shall be binding upon the parties hereto and their respective successors and (in the case of the Escrow Agent and the
Paying Agent) their respective permitted assigns. 
 SECTION 11.    Entire Agreement. This Agreement sets forth
all of the promises, covenants, agreements, conditions and understandings among the Escrow Agent, the Paying Agent, the Underwriters and the Pass Through Trustee with respect to the subject matter hereof, and supersedes all prior and contemporaneous
agreements and undertakings, inducements or conditions, express or implied, oral or written. 
 SECTION
12.    Governing Law. This Agreement has been delivered in the State of New York and shall be governed by, and construed in accordance with, the law of the State of New York. 

SECTION 13.    Submission to Jurisdiction in New York. Each of the parties hereto, to the extent it may do so under
applicable law, hereby (a) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and to the
non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Agreement, the subject matter
hereof or any of the transactions contemplated hereby brought by any party or parties hereto, or their successors or permitted assigns, (b) waives, and agrees not to assert, by way of motion, as

  

					
		  	17	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
a defense, or otherwise, in any such suit, action or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is
improper or that this Agreement or the subject matter hereof or any of the transactions contemplated hereby may not be enforced in or by such courts, (c) agrees that service of process in any such action or proceeding may be effected by mailing
a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to each party hereto at its address set forth in Section 9 hereof, or at such other address of which the other
parties shall have been notified pursuant thereto; and (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 

SECTION 14.    Waiver of Jury Trial Right. EACH OF THE ESCROW AGENT, THE PAYING AGENT, THE INVESTORS AND THE PASS
THROUGH TRUSTEE ACKNOWLEDGES AND ACCEPTS THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT SUCH PARTY IRREVOCABLY WAIVES ITS RIGHT TO A TRIAL BY JURY. 

SECTION 15.    Counterparts. This Agreement may be executed in any number of counterparts (and each party
shall not be required to execute the same counterpart). Each counterpart of this Agreement including a signature page or pages executed by each of the parties hereto shall be an original counterpart of this Agreement, but all of such counterparts
together constitute one instrument. The parties intend that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all parties. The original documents shall be promptly
delivered, if requested. 
 SECTION 16.    Rights of Holders. Each Receiptholder shall have the right
(individually and without the need for any other action of any Person, including the Escrow Agent or any other Receiptholder), upon any default in the payment of interest on the Deposits when due by the Depositary in accordance with the Deposit
Agreement, or upon any default in the payment of any Final Withdrawal, any Replacement Withdrawal or any Event of Loss Withdrawal when due by the Depositary in accordance with the terms of the Deposit Agreement and this Agreement, (i) to
proceed directly against the Depositary by making a demand to the Depositary for the portion of such payment that would have been distributed to such Receiptholder pursuant to this Agreement or by bringing suit to enforce payment of such portion and
(ii) to enforce any other rights that the Escrow Agent may have in respect of amounts due from the Depositary under the Deposit Agreement and this Agreement that would have been distributed to such Receiptholder pursuant to this
Agreement. Any recovery on such enforcement action shall belong solely to the Receiptholder who brought such action, and not to the Escrow Agent or any other Receiptholder individually or to Receiptholders as a group. 

 

  

					
		  	18	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 [Remainder of Page Intentionally Blank; Signature Pages Follow] 

  

					
		  	19	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 IN WITNESS WHEREOF, the Escrow Agent, the Paying Agent, the Underwriters and the Pass Through
Trustee have caused this Escrow and Paying Agent Agreement (Class AA) to be duly executed as of the day and year first above written. 
  

			
	 Wilmington Trust, National Association,

as Escrow Agent

		
	By:	 	 /s/ Anita Roselli Woolery

	Name:	 	Anita Roselli Woolery
	Title:	 	Vice President

 [Signature Page to Escrow Agreement (Class AA)] 

 
			
	 Credit Suisse Securities (USA) LLC, as representative of the several Underwriters
named in Schedule I to the Underwriting Agreement

		
	By	 	 /s/ Thomas L. Smith

	Name:	 	Thomas L. Smith
	Title:	 	Managing Director
	
	 Citigroup Global Markets Inc., as representative of the several Underwriters named in
Schedule I to the Underwriting Agreement

		
	By	 	 /s/ Thomas Bliemel

	Name:	 	Thomas Bliemel
	Title:	 	Managing Director
	
	 Deutsche Bank Securities Inc., as representative of the several Underwriters named in
Schedule I to the Underwriting Agreement

		
	By	 	 /s/ Patrick M. Käufer

	Name:	 	Patrick M. Käufer
	Title:	 	Managing Director
		
	By	 	 /s/ Adam Raucher

	Name:	 	Adam Raucher
	Title:	 	Managing Director

 [Signature Page to Escrow Agreement (Class AA)] 

 
			
		
		 	Wilmington Trust Company, not in its individual capacity, but solely as Pass Through Trustee for and on behalf of American Airlines Pass Through Trust 2017-1AA
		
	By:	 	 /s/ Anita Roselli Woolery

	Name:	 	Anita Roselli Woolery
	Title:	 	Vice President
	
	 Wilmington Trust Company,

    as Paying Agent

		
	By:	 	 /s/ Anita Roselli Woolery

	Name:	 	Anita Roselli Woolery
	Title:	 	Vice President

 [Signature Page to Escrow Agreement (Class AA)] 

 EXHIBIT A to 

ESCROW AND PAYING AGENT AGREEMENT 

FORM OF ESCROW RECEIPT 

AMERICAN AIRLINES 2017-1AA ESCROW RECEIPT 

No.      
 This Escrow
Receipt evidences a fractional undivided interest in amounts (“Account Amounts”) from time to time deposited on behalf of the holder hereof into a certain paying agent account (the “Paying Agent Account”) described
in the Escrow and Paying Agent Agreement (Class AA) dated as of January 13, 2017 (as amended, modified or supplemented from time to time, the “Escrow and Paying Agent Agreement”) among Wilmington Trust, National Association, as
Escrow Agent (in such capacity, together with its successors in such capacity, the “Escrow Agent”), Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as representatives of the
several Underwriters, Wilmington Trust Company, as Pass Through Trustee (in such capacity, together with its successors in such capacity, the “Pass Through Trustee”) and Wilmington Trust Company, as paying agent (in such capacity,
together with its successors in such capacity, the “Paying Agent”). Capitalized terms not defined herein shall have the meanings assigned to them in the Escrow and Paying Agent Agreement. 

This Escrow Receipt is issued under and is subject to the terms, provisions and conditions of the Escrow and Paying Agent Agreement. By virtue
of its acceptance hereof the holder of this Escrow Receipt assents and agrees to be bound by the provisions of the Escrow and Paying Agent Agreement and this Escrow Receipt. 

This Escrow Receipt represents a fractional undivided interest in amounts deposited from time to time in the Paying Agent Account, and grants
or represents no rights, benefits or interests of any kind in respect of any assets or property other than such amounts. This Escrow Receipt evidences the same percentage interest in the Account Amounts as the Fractional Undivided Interest in the
Pass Through Trust evidenced by the Certificate to which this Escrow Receipt is affixed. 
 All payments and distributions made to
Receiptholders in respect of this Escrow Receipt shall be made only from Account Amounts deposited in the Paying Agent Account. The holder of this Escrow Receipt, by its acceptance of this Escrow Receipt, agrees that it will look solely to the
Account Amounts for any payment or distribution due to it pursuant to this Escrow Receipt (or, in case the Depositary shall default in its obligation to make a payment under the Deposit Agreement that would be an Account Amount, to the Depositary)
and that it will not have any recourse to American, the Pass Through Trustee, the Paying Agent or the Escrow Agent, except as expressly provided 

  

					
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
herein or in the Pass Through Trust Agreement. No Receiptholder of this Escrow Receipt shall have any right to vote on or in any manner otherwise control the operation and management of the
Paying Agent Account, nor shall anything set forth herein, or contained in the terms of this Escrow Receipt, be construed so as to constitute the Receiptholders from time to time as partners or members of an association. 

This Escrow Receipt may not be assigned or transferred except in connection with the assignment or transfer of the Certificate to which this
Escrow Receipt is affixed. 
 The Paying Agent may treat the person in whose name this Escrow Receipt is registered pursuant to
Section 1.03 of the Escrow and Paying Agent Agreement as the owner hereof for all purposes, and the Paying Agent shall not be affected by any notice to the contrary. 

THIS ESCROW RECEIPT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPALS THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

  

					
		  	A-2	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 IN WITNESS WHEREOF, the Escrow Agent has caused this Escrow Receipt to be duly executed. 

Dated: [            ], 2017 

 

			
	 Wilmington Trust, National Association, as Escrow Agent

		
	By	 	  

	Name:	 	
	Title:	 	

  

					
		  	A-3	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 EXHIBIT B to 

ESCROW AND PAYING AGENT AGREEMENT 

FORM OF WITHDRAWAL CERTIFICATE 

WITHDRAWAL CERTIFICATE 
 (Class AA)

 Wilmington Trust, National Association 
 as Escrow Agent

 1100 North Market Street 
 Wilmington, DE 19890 

Attention: ### 
 Reference: American Airlines 2017-1AA EETC 
 Telephone: ### 

Telecopier: ### 
 Ladies and Gentlemen: 

Reference is made to the Escrow and Paying Agent Agreement (Class AA), dated as of January 13, 2017 (the “Agreement”).
[We hereby certify to you that the conditions to the obligations of the undersigned to execute a Participation Agreement pursuant to the Note Purchase Agreement have been satisfied] [We hereby notify you that the Depositary is being replaced in
accordance with Section 5(d) of the Note Purchase Agreement] [We hereby notify you that we received notice from American in accordance with Section 1(k) of the Note Purchase Agreement that an “Event of Loss” (as defined pursuant to
Section 1(k) of the Note Purchase Agreement ) (or an event that would constitute such an “Event of Loss” but for the requirement that notice be given or time elapse or both) with respect to an Aircraft (as such term is defined in the Note
Purchase Agreement), which is [an Airbus] [a Boeing] [an Embraer] model [            ] aircraft bearing U.S. registration number
[N            ], has occurred and is continuing]. Pursuant to Section [1.02(c)] [1.02(d)] [1.02(e)]of the Agreement, please execute the attached [Notice of
Purchase Withdrawal][Notice of Replacement Withdrawal][Notice of Event of Loss Withdrawal] and immediately transmit it by facsimile to the Depositary, at Citibank, N.A., as Depositary, 480 Washington Blvd., 18th Floor, Jersey City, NJ 07310,
Attention: ###, Reference: American Airlines 2017-1 EETC, Facsimile: ### or ###. 
 Capitalized
terms used herein but not defined herein shall have the meanings set forth in the Agreement. 

  

					
		  		  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

 
			
	 Very truly yours,

	
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Pass Through Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: [                ], 2017 

  

					
		  	B-2	  	
		  		  	Escrow and Paying Agent Agreement (Class AA)
		  		  	(American Airlines 2017-1 Aircraft EETC)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]