Document:

SECOND AMENDMENT AND WAIVER AGREEMENT

Exhibit 10.26

SECOND AMENDMENT AND WAIVER AGREEMENT

SECOND AMENDMENT AND WAIVER AGREEMENT, dated as of January 30, 2004 (this "Amendment Agreement"), to the Credit
Agreement, dated as of October 17, 2002, as amended by the First Amendment and Waiver Agreement, dated as of December 13, 2002 (as the same may
be further amended, supplemented or modified from time to time in accordance with its terms, the "Credit Agreement") among
PHILLIPS-VAN HEUSEN CORPORATION, a Delaware corporation, THE IZOD CORPORATION, a Pennsylvania corporation, PVH WHOLESALE CORP., a Delaware
corporation, PVH RETAIL CORP., a Delaware corporation, IZOD.COM INC., a Delaware corporation, G.H. BASS FRANCHISES INC.,  a Delaware
corporation, CD GROUP INC., a Delaware corporation, the LENDERS party thereto, JPMORGAN CHASE BANK, as Administrative Agent and Collateral
Agent, Lead Arranger and Sole Bookrunner, FLEET RETAIL FINANCE INC., as Co-Arranger and Co-Syndication-Agent, SUN TRUST BANK, as Co-Syndication
Agent, THE CIT GROUP/COMMERCIAL SERVICES, INC., as Co-Documentation Agent and BANK OF AMERICA, N.A., as Co-Documentation Agent.  Terms used
herein and not otherwise defined herein shall have the meanings attributed thereto in the Credit Agreement.

WHEREAS, Section 5.11 of the Credit Agreement requires that each newly formed subsidiary of any Borrower will provide security to the extent
required therein; and 

WHEREAS, the Borrowers are requesting that each of such newly formed subsidiaries become a Borrower under the Credit Agreement; and 

WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the Credit Agreement on the terms and subject to the
conditions set forth herein.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and subject to the fulfillment of
the conditions set forth below, the parties hereto agree as follows:
SECTION 1.  AMENDMENTS UNDER CREDIT AGREEMENT

1.1PVH CK Stores, Inc., a Delaware corporation ("PVH CK"), PVH Ohio, Inc., a Delaware corporation ("PVH
Ohio"), PVH  Michigan, Inc., a Delaware corporation ("PVH Michigan"), PVH Pennsylvania, Inc., a Delaware corporation
("PVH Pennsylvania"), PVH Wholesale New Jersey, Inc., a Delaware corporation ("PVH New Jersey") and PVH
Retail Management Corp., a Delaware corporation ("PVH Retail") shall be added as parties to the Credit Agreement and each such
party shall become a "Borrower" as such term is defined in the Credit Agreement.  By execution and delivery of this Amendment
Agreement, (a) PVH CK, PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail agree to be bound by the terms and
provisions of the Credit Agreement applicable to a Borrower and (b) PVH CK, which is presently a Guarantor, shall cease to be a Guarantor
and shall instead become a "Borrower" and agrees to be bound by the terms and provisions of the Credit Agreement applicable to a
Borrower.

1.2Section 1.01 of the Credit Agreement is hereby amended by adding the following defined term in the correct alphabetical order:

"`Eligible Licensing Receivables' means such receivables created by the Borrowers and the Guarantors in the ordinary course of
business arising out of the licensing of goods or trademarks by the Borrowers and the Guarantors which are, and at all times shall continue to
be, acceptable to the Administrative Agent in all respects.  Standards of eligibility may be fixed and revised from time to time solely by the
Administrative Agent in the Administrative Agent's exclusive judgment exercised in good faith in accordance with its customary credit policies.
In general, without limiting the foregoing, a Licensing Receivable shall in no event be deemed to be an Eligible Licensing Receivable unless
(a) the amount of such Receivable represents a fixed contractual minimum amount irrevocably payable under the applicable licensing
agreement, payable at least quarterly pursuant to an invoice rendered to the licensee or, if not for a fixed contractual minimum amount, is
payable at such times and on such terms and conditions, as is acceptable to the Administrative Agent in all respects, after completion of the
Administrative Agent's due diligence and consultation with the Lenders as to appropriate amounts and advance rates, (b) the payment due is
not more than 120 days past its invoice date, (c) the licensee has not asserted a dispute, offset, deduction or setoff, (d) the
Administrative Agent shall have a first priority security interest, (e) such Licensing Receivable is denominated in dollars and payable in the
United States, and (f) such Licensing Receivable would not otherwise be excluded as eligible by reason of the applicable criteria set forth in
the definition of "Eligible Receivable."

1.3The definition of "Availability Reserves" in Section 1.01 of the Credit Agreement is hereby amended by deleting the
last sentence therein and by adding the following sentence at the end thereof:

"At any time that Covenant Availability is less than $70,000,000, there shall be a reserve with respect to the Design Service Payments
in the amount of $5,000,000."

1.4The definition of "Cash Interest Expense" in Section 1.01 of the Credit Agreement is hereby amended by inserting the
phrase ", and the one time costs (including call premium) associated with repayment of the Subordinated Debt required to be treated as an
interest expense under GAAP" immediately before the closed parenthesis at the end thereof. 

1.5The definition of "Permitted Investments" in Section 1.01 of the Credit Agreement is hereby amended by deleting
subsections (b) and (d) in their entirety and substituting in lieu thereof the following:

"(b)  investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of
acquisition, a credit rating of at least A2 from Standard & Poor's or P2 from Moody's Investors Service, Inc.;"; and

"(d)  investments in money market mutual funds having portfolio assets in excess of $2,000,000,000 that comply with the criteria
set forth in Securities and Exchange Commission Rule 2a-7 under  the Investment Company Act of 1940 and are rated at least A by Standard &
Poor's and at least A by Moody's Investors Services, Inc.;".

2

1.6Section 2.01 of the Credit Agreement is hereby amended by inserting "(x)" immediately following subsection (i) as it
appears therein and inserting the following phrase "and (y) up to eighty percent (80%) of the Eligible Licensing Receivables"
immediately following the words "Net Amount of Eligible Receivables" as it appears in subsection (i).

1.7Section 6.01 of the Credit Agreement is hereby amended by adding the following subsections at the end thereof:

"(j)unsecured line of credit not to exceed 10,000,000 euros at any time outstanding offered by CK Service Corp. to Calvin Klein
Europe S.r.l. (Italy);

(k)Derivative Obligations entered into in the ordinary course of business to hedge or mitigate risks to which PVH or any subsidiary is
exposed in the conduct of its business or the management of its liabilities with any Lender or an Affiliate of any Lender in an aggregate
principal amount for all such Obligations not to exceed $150,000,000 at any one time outstanding; and

(l)unsecured Indebtedness incurred solely for the purpose of effecting the redemption of the Subordinated Debt not to exceed
$150,000,000 provided that such Indebtedness may not mature prior to May 1, 2008, may not have an interest rate greater than 8.5% per annum and
shall contain such other terms and conditions as shall be reasonably acceptable to the Administrative Agent."

1.8Section 6.06(d) of the Credit Agreement is hereby amended by deleting such section in its entirety and substituting in lieu
thereof the following: 

"PVH may acquire shares of its common stock only and declare and pay cash dividends with respect to its common and preferred stock
(including its Preferred Stock (Convertible); provided that Restricted Payments made pursuant to clause (d) shall not exceed
(i) $20,000,000 in the aggregate in any fiscal year from fiscal year 2002 through and including fiscal year 2003, (ii)shall not exceed
(i) $27,500,000 in the aggregate in fiscal year 2004, (iii) $28,500,000 in the aggregate in fiscal year 2005, (iv) $29,000,000
in the aggregate in fiscal year 2006, (v) $29,500,000 in the aggregate in fiscal year 2007 or (vi) $121,000,000 in the aggregate
during the Availability Period; provided, further, that PVH may not acquire shares of its common stock or pay cash dividends
pursuant to clause (d) in any fiscal quarter to the extent that (i) the Restricted Payment would not be permitted in such fiscal
quarter under the Subordinated Debt Documents, (ii) Average Availability for the 30 day period (60 day period with respect to cash
dividends on the Preferred Stock (Convertible)) prior to the date of such Restricted Payment, both before and immediately after giving effect
to such Restricted Payment, shall be less than $70,000,000 or, solely in the case of fiscal year 2003, if such cash dividend is with respect to
its common stock, $50,000,000, (iii) on the date of such Restricted Payment, both before and immediately after giving effect to such
Restricted Payment, Covenant Availability shall 

3

be less than $70,000,000 or, solely in the case of fiscal year 2003, if such cash dividend is with respect to its common stock, $50,000,000
or (iv) a Default exists or the making of such Restricted Payment would result in a Default."  

SECTION 2.  WAIVERS UNDER CREDIT AGREEMENT

2.1The Required Lenders hereby waive compliance by the Borrowers with the provisions of (a) Section 6.03 of the Credit Agreement
solely for the purposes of permitting the investment in and transfer of assets by PVH and PVH Wholesale Corp. to PVH CK, PVH Ohio, PVH
Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail and (b) Section 6.05 of the Credit Agreement solely for the purposes of
permitting PVH to redeem the Subordinated Debt.

SECTION 3.  CONFIRMATION OF SECURITY DOCUMENTS

Each Borrower and Guarantor, by its execution and delivery of this Amendment Agreement, irrevocably and unconditionally ratifies and
confirms in favor of the Administrative Agent that it consents to the terms and conditions of the Credit Agreement as it has been amended by
this Amendment Agreement and that notwithstanding this Amendment Agreement, each Security Document to which such Borrower or Guarantor is a
party shall continue in full force and effect in accordance with its terms and is and shall continue to be applicable to all of the
Obligations.
SECTION 4.  CONDITIONS PRECEDENT

This Amendment Agreement shall become effective (the "Effective Date") upon the execution and delivery of counterparts
hereof by the parties listed below and the fulfillment of the following conditions:

(a)All representations and warranties contained in this Amendment Agreement or otherwise made in writing to the Administrative Agent in
connection herewith shall be true and correct.

(b)No unwaived event has occurred and is continuing which constitutes a Default under the Credit Agreement.

(c)The Administrative Agent shall have received such documents and certificates as the Administrative Agent may reasonably request
relating to the organization, existence and good standing of PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail and any
other matters relating to PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail, all in form and substance reasonably
satisfactory to the Administrative Agent.

(d)The Administrative Agent shall have received all documents (including Uniform Commercial Code financing statements) required by law
or requested by the Administrative Agent to create in favor of the Administrative Agent perfected Liens with respect 

4

to Collateral relating to PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail.

(e)The Administrative Agent shall have received for the ratable benefit of the applicable Lenders an amendment fee in an amount equal to
10bps of the Commitment of each Lender that has executed this Amendment Agreement on or before January 30, 2004.

(f)The Administrative Agent shall have received replacement Notes reflecting the Borrowers added by this Amendment Agreement in form and
substance satisfactory to the Administrative Agent.  The Lenders agree to return their old Notes upon receipt of the replacement Notes.

(g)The Security Agreement shall have been amended to include PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail as
a "Pledgor" as such term is defined in therein.  By execution and delivery of this Amendment Agreement PVH Ohio, PVH Michigan, PVH
Pennsylvania, PVH New Jersey and PVH Retail (i) agree to be bound by all the terms and provisions of the Security Agreement,
(ii) hereby, and thereby, grant a security interest in all assets owned by it which meet the description of Collateral set forth in the
Security Agreement to secure all Secured Obligations and (iii) agree and confirm that it and such assets shall be subject to the terms and
provisions of the Security Agreement.

(h)The Administrative Agent shall have received a fully completed and duly executed (i) Pledgor Addendum covering the Collateral
relating to PVH Ohio, PVH Michigan, PVH Pennsylvania, PVH New Jersey and PVH Retail and (ii) Pledge Amendment duly executed and delivered
by PVH.

(i)The Administrative Agent shall have received all fees and other amounts due and payable, on or prior to the Second Amendment
Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by
the Borrowers under the Credit Agreement or any other Financing Document.

(j)The Administrative Agent shall have received a favorable written opinion of counsel for the Borrowers with respect to the matters set
forth in this Amendment Agreement in form and substance reasonably satisfactory to the Administrative Agent and such other documents
(including, without limitation, updated schedules and any necessary modifications to the Borrowing Base Certificate, to reflect the inclusion
of Eligible Licensing Receivables) as the Administrative Agent or the Administrative Agent's counsel shall reasonably deem necessary.

SECTION 5.  MISCELLANEOUS

5.1Each Borrower and each Guarantor reaffirms and restates the representations and warranties set forth in Article III of the Credit
Agreement and all such representations and warranties shall be true and correct on the date hereof with the same force and effect as if made on
such date, except as they may specifically refer to an earlier date and except as they may have been modified pursuant to the Schedules, if
any, annexed to this Amendment Agreement in which event they shall be true and correct after giving effect to such modifications.  Each
Borrower and each Guarantor represents and warrants (which 

5

representations and warranties shall survive the execution and delivery hereof) to the Administrative Agent that:

(a)it has the corporate power and authority to execute, deliver and carry out the terms and provisions of this Amendment Agreement and
the transactions contemplated hereby and has taken or caused to be taken all necessary corporate action to authorize the execution, delivery
and performance of this Amendment Agreement and the transactions contemplated hereby;

(b)no consent of any other person (including, without limitation, shareholders or creditors of any Borrower or any Guarantor), and no
action of, or filing with any governmental or public body or authority is required to authorize, or is otherwise required in connection with
the execution, delivery and performance of this Amendment Agreement;

(c)this Amendment Agreement has been duly executed and delivered on behalf of each Borrower and each Guarantor by a duly authorized
officer, and constitutes a legal, valid and binding obligation of each Borrower and each Guarantor enforceable in accordance with its terms,
subject to bankruptcy, reorganization, insolvency, moratorium and other similar laws affecting the enforcement of creditors' rights generally
and the exercise of judicial discretion in accordance with general principles of equity;

(d)the execution, delivery and performance of this Amendment Agreement will not violate any law, statute or regulation, or any order or
decree of any court or governmental instrumentality, or conflict with, or result in the breach of, or constitute a default under any
contractual obligation of any Borrower or any Guarantor; and

(e)as of the date hereof (after giving effect to the consummation of the transactions contemplated under this Amendment Agreement) there
exists no Default.

By its signature below, each Borrower and each Guarantor agree that it shall constitute an Event of Default if any representation or
warranty made above should be false or misleading in any material respect.

5.2Each Borrower and each Guarantor confirms in favor of the Administrative Agent and each Lender that it agrees that it has no defense,
offset, claim, counterclaim or recoupment with respect to any of its obligations or liabilities under the Credit Agreement or any other
Financing Document and that, except for the specific waiver(s) provided for herein, nothing herein shall be deemed to be a waiver of any
covenant or agreement contained in the Credit Agreement, and except as herein expressly amended, the Credit Agreement and other Financing
Documents are each ratified and confirmed in all respects and shall remain in full force and effect in accordance with their respective
terms.

5.3All references to the Credit Agreement and the other Financing Documents in the Credit Agreement, the Financing Documents and the
other documents and instruments delivered pursuant to or in connection therewith shall mean such agreements as amended hereby and as each may
in the future be amended, restated, supplemented or modified from time to time.

6

5.4Upon presentation of its invoice, the Borrowers covenant and agree to pay in full all legal fees charged, and all costs and expenses
incurred, by Kaye Scholer LLP, counsel to the Administrative Agent, in connection with the transactions contemplated under this Amendment
Agreement.

5.5This Amendment Agreement may be executed by the parties hereto individually or in combination, in one or more counterparts, each of
which shall be an original and all of which shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature
page by telecopier shall be effective as delivery of a manually executed counterpart.

5.6THIS AMENDMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF
NEW YORK WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION.

5.7The parties hereto shall, at any time and from time to time following the execution of this Amendment Agreement, execute and deliver
all such further instruments and take all such further action as may be reasonably necessary or appropriate in order to carry out the
provisions of this Amendment Agreement.

 
PHILLIPS-VAN HEUSEN CORPORATION, Borrower

By:___/s/ Pamela N. Hootkin__                 __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

THE IZOD CORPORATION, Borrower

By:___/s/ Pamela N. Hootkin__                 __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

PVH WHOLESALE CORP., Borrower

By:___/s/ Pamela N. Hootkin__                 __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

7

 
PVH RETAIL CORP., Borrower

By:___/s/ Pamela N. Hootkin__                 __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

IZOD.COM. INC., Borrower

By:__/s/ Mark D. Fischer     _____________

Name:  Mark D. Fischer

Title:    Vice President

G.H. BASS FRANCHISES INC., Borrower

By:__/s/ Mark D. Fischer_______________

Name:  Mark D. Fischer

Title:    Vice President

CD GROUP INC., Borrower

By:__/s/ Mark D. Fischer________________

Name:  Mark D. Fischer

Title:    Vice President

PVH CK STORES, INC., Borrower

By:__/s/ Mark D. Fischer_______________

Name:  Mark D. Fischer

Title:    Vice President

PVH OHIO, INC., Borrower

By:___/s/ Pamela N. Hootkin__                 __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

8

 
PVH MICHIGAN, INC., Borrower

By:___/s/ Pamela N. Hootkin__               __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

PVH PENNSYLVANIA, INC., Borrower

By:___/s/ Pamela N. Hootkin__               __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

PVH WHOLESALE NEW JERSEY INC., Borrower

By:___/s/ Pamela N. Hootkin__              __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

PVH RETAIL MANAGEMENT CORP., Borrower

By:___/s/ Pamela N. Hootkin__              __

Name:  Pamela N. Hootkin

Title:    Vice President/Treasurer

JPMORGAN CHASE BANK, individually and as Administrative and Collateral Agent, and as Lead Arranger

By:___/s/ Donna M. DiForio                        

Name:  Donna M. DiForio

Title:    Vice President

9

FLEET RETAIL FINANCE INC., individually and as Co-Arranger and Co-Syndication Agent

By:__/s/ Sally A. Sheehan_           _______

Name:  Sally A. Sheehan

Title:  Managing Director

           Fleet Retail Group

 

SUN TRUST BANK, individually and as Co-Syndication Agent

By:___/s/ Mark Pickering_____________

Name:  Mark Pickering

Title:    Vice President

THE CIT GROUP/COMMERCIAL SERVICES, INC., individually and as Co-Documentation Agent

By:__  /s/ David Rothberg____________

Name:  David Rothberg

Title:    Assistant Vice President

BANK OF AMERICA, N.A., individually and as Co-Documentation Agent

By:___/s/ Richard Levenson__________

Name:  Richard Levenson

Title:    SVP

THE BANK OF NEW YORK

By:__/s/ Roger A. Grossman__________

Name:  Roger A. Grossman

Title:    Vice President

10

 
PNC BANK, NATIONAL ASSOCIATION

By:___/s/ Edward Chanko_____________

Name:  Edward Chanko

Title:    AVP

WHITEHALL BUSINESS CREDIT CORPORATION

By:____/s/ Arthur V. Lippens__________

Name:  Arthur V. Lippens

Title:    Vice President

TRANSAMERICA BUSINESS CAPITAL CORPORATION

By:___/s/ Joseph Badini________  ____

Name:  Joseph Badini

Title:    Duly Authorized Signatory

STANDARD FEDERAL BANK NATIONAL ASSOCIATION

By:LASALLE BUSINESS CREDIT, LLC., as 

Agent (formerly known as Michigan 

National Bank, as successor-in-interest to 

Mellon Bank, Inc.)

By:_____/s/ Karoline A. Moxham_________

Name:  Karoline A. Moxham

Title:   Asst. Vice President

CONGRESS FINANCIAL CORPORATION

By:___/s/ James O'Connell______________

Name:  James O'Connell

Title:   Assistant Vice President

11

 
GENERAL ELECTRIC CAPITAL CORPORATION

By:__/s/ Joseph Badini_________________

Name:  Joseph Badini

Title:    Duly Authorized Signatory

BANK LEUMI USA

By:__/s/ John Koenigsberg_____________

Name:  John Koenigsberg

Title:    First VP

 

 

 

 

 

 

 

 

 

 

12CERTIFICATIONS*

EXHIBIT 10.1

THIS AGREEMENT SHALL NOT BE BINDING

UPON THE PORT AUTHORITY UNTIL DULY

EXECTUED BY AN EXECUTIVE OFFICER

THEREOF AND DELIVERED TO THE LESSEE

BY AN AUTHORIZED REPRESENTATIVE OF THE

PORT AUTHORITY

Newark International Airport

Supplement No. 22

Port Authority Lease No. ANA-170

TWENTY-SECOND SUPPLEMENTAL AGREEMENT

THIS AGREEMENT, made as of February 17, 2004 (the "Effective Date") (sometimes referred to as the "Twenty-second Supplemental Agreement" or as "Supplement No. 22" of the Lease) by and between THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY (hereinafter referred to as "the Port Authority") and CONTINENTAL AIRLINES, INC., a corporation of the State of Delaware, (hereinafter referred to as "the Lessee"),

WITNESSETH, That:

WHEREAS, the Port Authority and People Express Airlines, Inc. as of January 11, 1985 entered into an agreement of lease covering certain premises, rights and privileges at and in respect to Newark International Airport (hereafter called the "Airport") as herein set forth (said agreement of lease as heretofore supplemented and amended is hereinafter called the "Lease"); and

 

WHEREAS, the Lease was thereafter assigned by said People Express Airlines, Inc. to the Lessee pursuant to an Assignment of Lease with Assumption and Consent Agreement entered into among the Port Authority, the Lessee and said People Express Airline, Inc. and dated August 15, 1987; and

WHEREAS, a certain Stipulation between the parties hereto was heretofore submitted for approval of the United States Bankruptcy Court for the District of Delaware ("the Bankruptcy Court") covering the Lessee's assumption of the Lease as part of the confirmation of its reorganization plan in its Chapter 11 bankruptcy proceedings and as debtor and debtor in possession pursuant to the applicable provisions of the United States Bankruptcy Code as set forth in and subject to the terms and conditions of said Stipulation (said Stipulation being hereinafter referred to as the "Stipulation"); and

WHEREAS, the Stipulation and the Lessee's assumption of the Lease was approved by the Bankruptcy Court by and Order thereof dated the 1st day of October, 1993; and

WHEREAS, the Port Authority and the Lessee desire to amend the Lease in certain respects as hereinafter set forth;

 

NOW, THEREFORE, in consideration of the covenants and mutual agreements herein contained, the Port Authority and the Lessee hereby agree to amend the Lease, effective as of the Effective Date as follows:

	(a) With respect to the passenger loading bridges which are referred to in the Lease as the "42 passenger loading bridges" for which Port Authority construction advances were made pursuant to Sections 2 and 6 of the Lease (hereinafter sometimes referred to as the "Section 2 loading bridges"), it is hereby recognized that the Lessee has advised the Port Authority that, based on the Lessee's desire to reconfigure gate assignments in the Satellite C-2 portion of the premises ("C-2 portion of the premises"), certain modifications and removal work are required; the same to be performed by the Lessee under Tenant Alteration Applications which have been or shall be submitted by the Lessee for approval by the Port Authority.  Said Tenant Alteration Applications if, as and when approved by the Port Authority being herein called the "Alteration Applications".  The aforesaid work shall consist of:

(i) the removal from the premises of fourteen (14) of the Section 2 passenger loading bridges including the transfer of the title thereof to the Lessee and the disposition of the same by the Lessee; said fourteen (14) loading bridges being identified by gate number at the C-1 C-2 portions of the premises and by serial number ("2004 (14) Removed Loading Bridges") as follows:

 

2004 (14) Removed Loading Bridges List

 

	 	
Gate
	
Description
	
Serial Number

	
No. 1
	
101
	
Wollard 500 Fixed Pedestal
	
WS500R-33

	
No. 2
	
103
	
Wollard 500 Fixed Pedestal
	
WS500R-34

	
No. 3
	
104
	
Wollard 903 Apron Drive
	
WS903-13

	
No. 4
	
106
	
Wollard 903 Apron Drive
	
WS903-14

	
No. 5
	
109
	
Wollard 500 Fixed Pedestal
	
WS500R-37

	
No. 6
	
111
	
Wollard 500 Fixed Pedestal
	
WS500R-38

	
No. 7
	
112
	
Wollard 500 Fixed Pedestal
	
WS500R-51

	
No. 8
	
113
	
Wollard 500 Fixed Pedestal
	
WS500R-54

	
No. 9
	
114
	
Wollard 500 Fixed Pedestal
	
WS500R-52

	
No. 10
	
115
	
Wollard 500 Fixed Pedestal
	
WS500R-53

	
No. 11
	
71
	
Wollard 903 Apron Drive
	
WS903-17

	
No. 12
	
73
	
Wollard 903 Apron Drive
	
WS903-18

	
No. 13
	
75
	
Wollard 903 Apron Drive
	
WS903-20

	
No. 14
	
86
	
Wollard 500 Fixed Pedestal
	
WS500R-63

 

and (ii) the relocation from satellite C-2 portion of the premises to Satellite C-1 portion of the premises of the following four (4) loading bridges, of which the loading bridge identified below by gate number 102 and bearing serial number 38765 shall remain a Port Authority owned loading bridge as part of the Section 2 loading bridges; and title to the loading bridge identified below by gate number 110 and bearing serial number 39452 will remain in the Lessee, as described in Supplement No. 18 of the Lease; and that title to the loading bridges identified below by gate numbers 105 and 107 and bearing serial numbers 39483 and 39484 will remain in the New Jersey Economic Development Authority, as described in Supplement No. 18 of the Lease:

 

	 	
Original

C-2

Location

(Gate)
	
Description
	
Serial

Number
	
New Location C-1

(Gate)

	
No. 1
	
102
	
Jetway A-3 58/110 Apron Drive
	
38765
	
86

	
No. 2
	
105
	
Jetway A-3 60/119 Apron Drive
	
39483
	
71

	
No. 3
	
107
	
Jetway A-3 60/119 Apron Drive
	
39484
	
75

	
No. 4
	
110
	
Jetway A-3 60/119 Apron Drive
	
39452
	
73

 

and (iii) the installation in the C-2 portion of the premises, at the Gate Positions Listed below, of twenty-four (24) new apron-drive articulated passenger loading bridges (as hereinafter described) ("C-2-2004 (24) New Loading Bridges"): as follows:

 

C-2 2004 (24) New Loading Bridges

 

	 	
New Gate (C-2

Reconfiguration)
	
Description
	
Serial Number

	
No. 1
	
101
	
Jetway A-3 58/110 Apron Drive
	
30097

	
No. 2
	
102
	
Jetway A-3 58/110 Apron Drive
	
30094

	
No. 3
	
103A
	
Jetway A-3 58/110 Apron Drive
	
30098

	
No. 4
	
103B
	
Jetway A-3 58/110 Apron Drive
	
30099

	
No. 5
	
104A
	
Jetway A-3 58/110 Apron Drive
	
30096

	
No. 6
	
104B
	
Jetway A-3 58/110 Apron Drive
	
30095

	
No. 7
	
105
	
Jetway A-3 58/110 Apron Drive
	
30100

	
No. 8
	
106
	
Jetway A-3 50/95 Apron Drive
	
30109

	
No. 9
	
107A
	
Jetway A-3 58/110 Apron Drive
	
30101

	
No. 10
	
107B
	
Jetway A-3 58/110 Apron Drive
	
30102

	
No. 11
	
108A
	
Jetway A-3 50/95 Apron Drive
	
30111

	
No. 12
	
108B
	
Jetway A-3 50/95 Apron Drive
	
30110

 

 

 

	
No. 13
	
109
	
Jetway A-3 58/110 Apron Drive
	
30103

	
No. 14
	
110A
	
Jetway A-3 50/95 Apron Drive
	
30113

	
No. 15
	
110B
	
Jetway A-3 50/95 Apron Drive
	
30112

	
No. 16
	
111
	
Jetway A-3 58/110 Apron Drive
	
30104

	
No. 17
	
112A
	
Jetway A-3 58/110 Apron Drive
	
30108

	
No. 18
	
112B
	
Jetway A-3 58/110 Apron Drive
	
30107

	
No. 19
	
113A
	
Jetway A-3 58/110 Apron Drive
	
30105

	
No. 20
	
113B
	
Jetway A-3 58/110 Apron Drive
	
30106

	
No. 21
	
114A
	
Jetway TR 46/56
	
30117

	
No. 22
	
114B
	
Jetway TR 46/56
	
30116

	
No. 23
	
115A
	
Jetway TR 46/56
	
30114

	
No. 24
	
115B
	
Jetway TR 46/56
	
30115

;provided that such C-2 2004 (24) New Loading Bridges shall not be deemed to constitute Schedule 1 Terminal Fixtures (as defined in Paragraph 53 of Supplement No. 17 of the Lease) under the Lease.

The Lessee represents and warrants to the Port Authority that the C-2 2004 (24) New Loading Bridges shall be purchased and installed at the C-2 portion of the premises by the Lessee at its sole cost and expense and that the Lessee shall have and shall retain title thereto, subject to the terms and provisions of the Lease including without limitation Sections 34 and 74 thereof.

	By the execution of this Supplemental Agreement title to the 2004 (14) Removed Loading Bridges shall be deemed vested in the Lessee, and the Lessee shall, as part of the work under the Alteration Applications, remove, transport and dispose of the 2004 (14) Removed Loading Bridges at the Lessee's sole cost and expense and in accordance with the terms of the Lease, including without limitation all applicable Environmental Requirements (as defined in the Lease) and the Alteration Applications.  The Lessee shall install the C-2 2004 (24) New Loading Bridges, and perform all associated and related work, at the C-1 and at the C-2 Gate Positions listed in the foregoing List immediately upon the Lessee's removal from the premises of the 2004 (14) Removed Loading Bridges, and shall perform such work and installations at its sole cost and expense and in accordance with the terms of the Lease, including without limitation all applicable Environmental Requirements (as defined in the Lease) and the Alteration Applications.  The Port Authority shall not be responsible for any costs or expenses of any type whatsoever for or in connection with any of the foregoing work or the said transfer of title or removal, transport or disposal of the 2004 (14) Removed Loading Bridges or the said installation of the C-2 2004 (24) New Loading Bridges.

It is specifically understood and agreed that none of the costs and expenses of the foregoing shall be or become part of the cost of the construction work (as defined in section 6 of 

 

 

the Lease) or part of the Construction Advance Amount (as defined in Section 6 of the Lease).  It is further expressly understood and agreed that the transfer of the title to the Lessee and removal, transporting and disposal of the 2004 (14) Removed Loading Bridges by the Lessee shall not result in any recomputation, adjustment or reduction of any construction advance, or the Construction Advance Amount or the Base Annual Rental or any component thereof, and shall not create or entitle the Lessee to any abatement, adjustment or reduction of any rentals or charges under the Lease, and shall not create or entitle the Lessee to any other claim against the Port Authority whether under this Lease or otherwise.

	It is expressly understood and agreed that, from and after the Effective Date of this Supplement No. 22 to the Lease, all references to the 42 passenger loading bridges in the Lease shall be deemed to mean the 42 passenger loading bridges as reduced in number and modified pursuant to the provisions of Paragraph 4 of Supplement No. 7 to the Lease, Paragraph No. 9 of Supplement No. 8 to the Lease, Paragraph 4 of Supplement No. 12 to the Lease and as reduced by the removal of the twelve (12) 2001 Removed Loading Bridges pursuant to the provisions of Paragraph 1 of Supplement No. 18,  and as reduced by the removal of the 2004 (14) Removed Loading Bridges pursuant to the provisions of Paragraph 1 of this Supplement No. 22.

	The Port Authority makes no representations, warranties or guarantees as to 2004 (14) Removed Loading Bridges or any of them or any aspect or any component thereof.  The Lessee shall and hereby takes title to and accepts the 2004 (14) Removed Loading Bridges in their "as is" condition and title thereto shall be deemed to pass to the Lessee upon the Lessee's removal thereof from the premises in accordance with the terms of this Supplement No. 22 including but not limited to the requirement for the installation by the Lessee of the C-2 2004 (24) New Loading Bridges at the designated C-2 Gate Positions listed above; and the Lessee expressly accepts, acknowledges and agrees that the Port Authority makes no representations, warranties or guarantees as to the 2004 (14) Removed Loading Bridges or any of them or any aspect or component thereof.  The Lessee shall be responsible for and pay all costs and expenses, including without limitation, any and all sales or other taxes, of or pertaining to the transfer of title to the 2004 (14) Removed Loading Bridges and the transporting, storage and disposal thereof.

	Section 34 of the Lease entitled "Personal Property", as previously amended is hereby further amended as follows:  The first line of paragraph (a) thereof (as amended by and set forth in Supplement No. 18 of the Lease) shall be deemed amended to read as follows:

"All personal property (including trade fixtures, the C-1 C-2 New Loading Bridges, as defined in Supplement No. 18 of the Lease, and the C-2 2004 (24) New Loading Bridges, as defined in Supplement No. 22 of the Lease, but specifically excluding the Schedule 1 Terminal Fixtures, and excluding Port owned loading bridges and other Port Authority owned property as mentioned below) removal".

 

 

 

 

 

	Section 74 of the Lease entitled "Purchase of Property", as previously amended, is hereby further amended as follows: The sixth (6th) line thereof shall be deemed amended to read as follows:

"C-1 C-2 New Loading Bridges (as defined in Supplement No. 18 of the Lease), the C-2 2004 (24) New Loading Bridges (as defined in Supplement No. 22 of the Lease) or such other loading bridges as may be substituted therefore in accordance with Section 34 of the Lease, flight information display system".

	Each party represents and warrants to the other that no broker has been concerned in the negotiation of this Twenty-second Supplemental Agreement and that there is no broker who is or may be entitled to be paid a commission in connection therewith.  Each party shall indemnify and save harmless the other party of and from any and all claims for commissions or brokerage made by any and all persons, firms or corporations whatsoever for services provided to or on behalf of the indemnifying party in connection with the negotiation and execution of this Twenty-second Supplemental Agreement.

	No Commissioner, director, officer, agent or employee of any party to this Twenty-second Supplemental Agreement shall be charged personally or held contractually liable by or to any other party under any term or provision of this Twenty-second Supplemental Agreement or of any supplement, modification or amendment to the Lease or because of its or their execution or attempted execution or because of any breach or alleged or attempted breach thereof.

	As hereby amended, all of the terms, covenants, provisions, conditions and agreements of the Lease shall be and remain in full force and effect.

	This Twenty-second Supplemental Agreement and the Lease which it amends constitute the entire agreement between the Port Authority and the Lessee on the subject matter, and may not be changed, modified, discharged or extended except by instrument in writing duly executed on behalf of both the Port Authority and the Lessee.  The Lessee and the Port Authority agree that no representations or warranties shall be binding upon the other unless expressed in writing in the Lease or in this Twenty-second Supplemental Agreement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IN WITNESS WHEREOF, the Port Authority and the Lessee have executed these presents as of the date first above written.

 

ATTEST:THE PORT AUTHORITY OF NEW YORK

AND NEW JERSEY

 

 

/s/ Karen EastmanBy /s/ Francis A. Dimola

Karen EastmanFrancis A. DimolaSecretaryAssistant Director

Aviation Dept.

 

 

ATTEST:CONTINENTAL AIRLINES, INC.

 

 

 

/s/ Jennifer VogelBy /s/ Holden Shannon 

Secretary(Title) Holden Shannon

Vice President

Corporate Real Estate

& Environmental Affairs

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