Document:

bjt - 4th Amendment to Credit Agreement (Heathrow)

Exhibit 4.3

LIMITED WAIVER AND FOURTH AMENDMENT TO

DEBTOR IN POSSESSION CREDIT AGREEMENT

               
LIMITED WAIVER AND FOURTH AMENDMENT, dated as of September 30, 2003 (the
"Amendment"), to the Debtor in Possession Credit Agreement, dated
as of December 24, 2002, among United Air Lines, Inc., a Delaware corporation
as debtor and debtor in possession ("Borrower"), the Persons named
in the Credit Agreement as Credit Parties as debtors and debtors in possession,
Bank One, NA, a national banking association in its capacity as Agent for
the Lenders ("Agent"), and the Persons signatory to the Credit Agreement
from time to time as Lenders.

W I T N E S S ETH:

        WHEREAS, Borrower,
Credit Parties, Agent and Lenders have entered into that certain Debtor
in Possession Credit Agreement, dated as of December 24, 2002 (as amended,
restated, supplemented and otherwise modified from time to time, the "Credit
Agreement"), and to certain other documents executed in connection
with the Credit Agreement; and

        WHEREAS, the Borrower
and the other Credit Parties have requested that from and after the Effective
Date (as hereinafter defined) of this Amendment, the Credit Agreement shall
be amended as set forth herein subject to and upon the terms and conditions
set forth herein.

        NOW, THEREFORE, the
parties hereto hereby agree as follows:

        1.    
Definitions. All terms used but not defined herein shall have the
same meanings assigned to them in the Credit Agreement.

        2.    
Limited Waiver.

                
(a)     Agent and Lenders hereby waive any Default
or Unmatured Default under Sections 7.3(a), 7.3(b), 7.5, 7.13, 7.14 and
7.18 of the Credit Agreement to the extent and solely to the extent arising
from Borrower's failure to comply with (i) Sections 6.14, 6.15 and 6.24(xi)
of the Credit Agreement, (ii) Sections 6(a)(ii), 6(c)(i), 6(c)(ii), 6(c)(iii),
6(e), 6(f)(x)(i), 6(f)(x)(ii) and 6(f)(x)(iii), 6(g) of that certain Slot,
Gate and Route Security and Pledge Agreement dated as of December 24, 2002
made by Borrower to Agent and (iii) the terms of the Additional DIP Credit
Agreement, in each case solely as a result of: (A) the permanent transfer
by the Borrower to British Airways PLC ("BA") of the four year round
Primary Foreign Slots identified on Schedule I hereto (the "Transferred
Slots") in two phases, the first transaction to be consummated on or
about October 7, 2003 (the "First Transfer") and the second transaction
to be consummated on or about November 8, 2003 (the "Second Transfer";
collectively, with the First Transfer, the "Slot Transfers"), in
exchange for the slots described on Schedule I ("New Slots") and
cash payments of no less than $23 million in the aggregate and (B) the
Borrower's return of the New Slots to the slot coordinator for London Heathrow
Airport.

               
(b)     This limited waiver shall be limited precisely
as written and shall not be deemed or otherwise construed to (i) constitute
a waiver of any other Unmatured Default or Default or (ii) prejudice any
right, power or remedy which Agent or Lenders may now have or may have
in the future under or in connection with the Credit Agreement or any other
Loan Document (after giving effect to this Amendment).

        3.    
Amendment.

                
(a)     Article I of the Credit Agreement is hereby
amended by inserting the following new definitions in appropriate alphabetical
order:

               
"Exchanged  Slots" means the following four year round Primary Foreign
Slots located at London Heathrow Airport:

 

	Winter 
	Flt #	Time	Seats	Equip.	M	T	W	T	F	S	S
	UA956 (Arr)	0650	258	B777-200	1	1	1	1	1	1	1
	UA976 (Arr)	2005	258	B777-200	1	1	1	1	1	1	1
	UA958 (Dep)	0830	193	B767-300	1	1	1	1	1	1	1
	UA999 (Dep)	0915	258	B777-200	1	1	1	1	1	1	1
	Summer 
	UA906 (Arr)	0730	258	B777-200	1	1	1	1	1	1	1
	UA949 (Arr)	1005	193	B767-300	1	1	1	1	1	1	1
	UA958 (Dep)	0840	193	B767-300	1	1	1	1	1	1	1
	UA955 (Dep)	0900	258	B777-200	1	1	1	1	1	1	1

               
"Slot Coordinator" means the slot coordinator at London Heathrow Airport."

               
"Slot Transactions" means the transfer by the Borrower of the Exchanged
Slots to British Airways PLC in two phases, the first transaction to be
consummated on or about October 7, 2003 and the second transaction to be
consummated on or about November 8, 2003 in exchange for Transaction Replacement
Slots and cash payments of no less than $23 million in the aggregate."

               
"Transaction Replacement Slots" means the following four Foreign Slots:

 

	Winter
	Flight #	
Time
	M	T	W	Th	F	S	S
	BA 360Z (Dep)	
2315
	1	1	1	1	1	1	1
	BA 846Z (Dep)	
2315
	1	1	1	1	1	1	1
	BA 106Z (Arr)	
2300
	1	1	1	1	1	1	1
	BA 1315Z  (Arr)	
2300
	1	1	1	1	1	1	1

               
Plus, as it is customary business practice to permanently transfer the
pairs of slots for each season together so the transferee is guaranteed
the opportunity to operate year round,  in exchange for the identified
Exchanged Slots, the transferee will transfer slots to the Borrower which
it has proposed to the satisfaction of the Borrower.  The Second Exchange
will not be identified until the time of exchange.

               
(b)     Section 6.14 of the Credit Agreement is hereby
amended to (i) insert the phrase "Except with respect to the Exchanged
Slots," immediately before the phrase "The Borrower shall" in the first
line thereof and (ii) delete the word "The" immediately preceding the word
"Borrower" in the first line and insert "the" in place thereof.

               
(c)     Section 6.15 of the Credit Agreement is hereby
amended to (i) insert the phrase "Except, upon their return to the Slot
Coordinator, with respect to the Transaction Replacement Slots," immediately
before the phrase "The Borrower and each Credit Party shall" in the first
line thereof and (ii) delete the word "The" immediately preceding the word
"Borrower" in the first line and insert "the" in place thereof.

               
(d)     Section 6.24 of the Credit Agreement is hereby
amended to (i) delete the "and" immediately preceding the "(xiii)" in the
last line thereof and (ii) insert the following immediately preceding the
final "." in the last line thereof: "; and (xix) the disposition of the
Exchanged Slots pursuant to the Slot Transactions and the possible return
of the Transaction Replacement Slots to the Slot Coordinator".

               
(e)     Schedule 1.1(a) is hereby amended and restated
in its entirety to read as set forth on Exhibit A hereto.

        4.    Further
Agreements.

               
(a)     The Borrower and the Lenders also agree that
(i) the Borrower is authorized to transfer the Transferred Slots to be
transferred to British Airways PLC ("BA") pursuant to the Slot Transfers
free and clear of the Liens created by the Loan Documents, (ii) upon the
closing of each transfer of Transferred Slots transferred to BA pursuant
to the Slot Transfers and simultaneously with such closing, all Liens created
by the Loan Documents on the Transferred Slots so transferred shall be
deemed released and (iii) the Agent is hereby authorized to, and shall,
execute such documents and take such further action as may be reasonably
requested by BA from time to time to effect and evidence the releases described
in clause (ii) above.

               
(b)     Notwithstanding anything in this Amendment
to the contrary, the Borrower and each of the Lenders covenant and agree
that if BA is required to return to the Borrower any of the Transferred
Slots for which BA has made a payment (such Transferred Slots required
to be returned being referred to herein as the "Returned Slots"),
then the status quo as of the date of this Amendment with
respect to the Returned Slots shall be restored, and to that effect, (x)
the Borrower shall be obligated to return to BA the purchase price paid
by BA for such Returned Slots pursuant to the Slot Transfers (it being
expressly recognized that neither the Agent nor any of the Lenders shall
have any responsibility with respect to such return of the purchase price)
and (y) the Returned Slots shall again be subject to the Liens created
by the Loan Documents.

               
(c)     The Borrower and the Lenders agree that BA
is a third-party beneficiary of this Amendment and shall be entitled to
enforce the agreements of the Borrower and the Lenders contained in this
Amendment as the same affect or relate to BA to the same extent as if BA
was a party hereto.

               
(d)     On the respective dates of the First Transfer
and the Second Transfer, BA, the transferee of the Transferred Slots, will
deposit 100% of the amounts owed to the Borrower with respect to the Slot
Transfers consummated on that date into an escrow account (the "Escrow")
under the control of a third party pursuant to an escrow agreement (the
"Escrow Agreement") among BA, the Borrower and the escrow agent
thereunder that is reasonably satisfactory to the Agent. Upon the release
to the Borrower of the net proceeds of the Slot Transfers (which amount
will exclude any User Payments (as hereinafter defined)), if any, permitted
to be withdrawn from the Escrow by the Borrower under certain circumstances
in respect of BA's use of the Transferred Slots pursuant to the terms of
the slot exchange agreement described in paragraph (e)(iii) below) held
pursuant to the Escrow at any time when any Loans remain outstanding under
the Credit Agreement, 100% of such released funds shall be used to prepay
the Loans in accordance with Section 2.13(e) of the Additional DIP Credit
Agreement that is applicable to the proceeds of permitted asset dispositions;
it being understood that the Borrower's rights to receive the funds maintained
in the escrow account pursuant to the Escrow are subject to the second
priority Lien granted to the Agent pursuant to the Orders.

               
(e)     The Borrower hereby advises the Lenders that
the terms of the Escrow Agreement and the slot exchange agreement with
BA that the Borrower has agreed to provide are as follows:

                       
(i)     the proceeds of the Slot Transfers will be
maintained in an escrow account until the earlier of (i) one year from
the date of the Second Transfer (unless a legal challenge has been threatened
or commenced in relation to any of the Slot Transfers, in which case the
proceeds will be retained in the Escrow until the final disposition of
such challenge) or (ii) the date (the "Bankruptcy Case Termination Date")
upon which the last of each of the following shall have occurred: (x) an
order confirming Borrower's Plan of Reorganization is entered and becomes
final or, if there is an appeal, such order shall not have been stayed
pending appeal; (y) the substantial consummation of such Plan of Reorganization
(as defined in section 1101(2) of the Bankruptcy Code); and (z) a reorganized
entity shall have been created by the Borrower's plan of reorganization
and such entity shall have succeeded to the Borrower's business and operations
pursuant thereto; but, for the avoidance of doubt, the term Bankruptcy
Case Termination Date shall not include a liquidating plan pursuant to
Chapter 7 or 11 of the Bankruptcy Code;

                       
(ii)     prior to the release of the funds from the
escrow account, the following conditions also must be satisfied: (i) each
of Borrower and each reorganized entity operating Borrower's business or
formed pursuant to a Chapter 11 Plan of Reorganization has, on the Bankruptcy
Case Termination Date, agreed in writing to be bound by Borrower's obligations
under the slot exchange agreement with BA, and (ii) none of (x) Borrower,
the debtors or any of their affiliates; (y) any creditor committee in Borrower's
Chapter 11 Cases; nor (z) any trustee, examiner, liquidator or other similar
representative appointed or approved by the Bankruptcy Court in Borrower's
Chapter 11 Cases has commenced or joined in the prosecution or assertion
of any challenge;

                       
(iii)     in the event that funds remain in the Escrow
for more than one year after the date of the Second Transfer as a result
of a challenge to the Slot Transfers, the Borrower shall be permitted to
withdraw from the Escrow a "user payment" in respect of BA's use of (i)
the winter slots during each winter season commencing with the winter season
2004-2005 and (ii) the summer slots during each summer season commencing
with the summer season 2004 (such amounts being referred to herein as "User
Payments"), provided that (x) if BA is thereafter required to return
to the Borrower any Transferred Slots or Equivalent Slots (as hereinafter
defined), the Borrower will be entitled to retain any User Payments relating
to such Transferred Slots and the remaining purchase price for such Transferred
Slots (less such User Payments) will be repaid to BA from the Escrow and
(y) if the Borrower thereafter becomes entitled to receive the purchase
price for the Transferred Slots from the Escrow, the Borrower will be entitled
to receive only the portion of the purchase price for such Transferred
Slots remaining after deducting the amount of any User Payments previously
withdrawn from the Escrow by the Borrower in respect of such Transferred
Slots;

                       
(iv)     if any portion of the Slot Transfers is rescinded,
(i) the funds held in the Escrow with respect to the specific Slot Transfer
rescinded will be returned to BA less any User Payments described in paragraph
(iii) above (or, if such rescission occurs after such funds have been released
to the Borrower, BA will be entitled to receive a refund of the amount
of such proceeds from the Borrower (less any User Payments described in
paragraph (iii) above), it being expressly recognized that neither the
Agent nor any of the Lenders shall have any responsibility with respect
to such refund) and (ii) (x) the Transferred Slots with respect to the
specific Slot Transaction rescinded or (y) slots (the "Equivalent Slots")
which meet the following criteria: (a) they are of the same type (i.e.,
arrival or departure) as the Transferred Slots; (b) they fall on the same
days of operation as the Transferred Slots; (c) they are no more than ten
(10) minutes before or after the Transferred Slots; and (d) they fall within
the same half hour segment, where each hour is divided into two half hour
segments, as the Transferred Slots, will be returned to the Borrower; and

                       
(v)     the Borrower will be entitled to receive interest
on the amounts held in the Escrow, which amounts will be paid to the Borrower
from time to time as provided in the Escrow Agreement.

               
(f)     By their execution and delivery hereof, the
Lenders hereby agree to the waivers and amendments requested herein, subject
to the creation of the Escrow and the Borrower agreeing to make the prepayments
described in Section 4(d) hereof.

        5.    Conditions
to Effectiveness.  This Amendment shall not become effective until
the date (the "Effective Date") on which (a) this Amendment shall
have
been executed by the Borrower, the other Credit Parties and the Required
Lenders, and the Agent shall have received evidence satisfactory to it
of such execution and (b) the Borrower shall have entered into an amendment
containing similar provisions with respect to the Additional DIP Credit
Agreement.

        6.    Ratification. 
The Credit Agreement and each of the Loan Documents remain in full force
and effect and are hereby ratified and affirmed.

        7.    Costs
and Expenses.  The Borrower agrees that its obligations set forth
in Section 9.6 of the Credit Agreement shall extend to the preparation,
execution and delivery of this Amendment, including the reasonable fees
and disbursements of special counsel to the Agent.

        8.    References. 
This Amendment shall be limited precisely as written and shall not be deemed
(a) to be a consent granted pursuant to, or a waiver or modification of,
any other term or condition of the Credit Agreement or any of the instruments
or agreements referred to therein or (b) to prejudice any right or rights
which the Agents or the Lenders may now have or have in the future under
or in connection with the Credit Agreement or any of the instruments or
agreements referred to therein.  Whenever the Credit Agreement is
referred to in the Credit Agreement or any of the instruments, agreements
or other documents or papers executed or delivered in connection therewith,
such reference shall be deemed to mean the Credit Agreement as modified
by this Amendment.

        9.    Counterparts. 
This Amendment may be executed in any number of counterparts and by the
different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which
taken together shall constitute but one and the same instrument. 
A fax copy of a counterpart signature page shall serve as the functional
equivalent of a manually executed copy for all purposes.

        10.    Applicable
Law.  This Amendment shall be governed by, and construed in accordance
with, the laws of the State of Illinois.

[SIGNATURE PAGES TO FOLLOW]

        IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed as of
the day and the year first written.

BORROWER:
UNITED AIR LINES, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Executive Vice President and

             
Chief Financial Officer

 

CREDIT PARTY:

UAL CORPORATION

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Executive Vice President and

             
Chief Financial Officer

 

CREDIT PARTY:

UAL LOYALTY SERVICES, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

UAL COMPANY SERVICES, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President and Treasurer

 

CREDIT PARTY:

CONFETTI, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

MILEAGE PLUS HOLDINGS, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

MILEAGE PLUS MARKETING, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

MYPOINTS.COM, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

CYBERGOLD, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

ITARGET.COM, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

MYPOINTS OFFLINE SERVICES, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

UAL BENEFITS MANAGEMENT, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

UNITED BIZ JET HOLDINGS, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

BIZJET CHARTER, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

BIZJET FRACTIONAL, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

BIZJET SERVICES, INC.

By:  /s/  Steven M. Rasher

      Name: Steven M. Rasher

      Title: Sr. Vice President

             
General Counsel and Secretary

 

CREDIT PARTY:

KION LEASING, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

PREMIER MEETING AND TRAVEL SERVICES,

INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President and Treasurer

 

CREDIT PARTY:

UNITED AVIATION FUELS CORPORATION

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President

 

CREDIT PARTY:

UNITED COGEN, INC.

By:  /s/  Paul R. Lovejoy

      Name: Paul R. Lovejoy

      Title: Vice President & Secretary

 

CREDIT PARTY:

MILEAGE PLUS, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President

 

CREDIT PARTY:

UNITED GHS, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President and Secretary

 

CREDIT PARTY:

UNITED WORLDWIDE CORPORATION

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

UNITED VACATIONS, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: Vice President

 

CREDIT PARTY:

FOUR STAR LEASING, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

AIR WIS SERVICES, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

AIR WISCONSIN, INC.

By:  /s/  Frederic F. Brace

      Name: Frederic F. Brace

      Title: President

 

CREDIT PARTY:

DOMICLE MANAGEMENT SERVICES, INC.

By:  /s/  Paul R. Lovejoy

      Name: Paul R. Lovejoy

      Title: Vice President and Secretary

 

LENDERS:

BANK ONE, NA

By:  /s/  Patrick J. Fravel

      Name: Patrick J. Fravel

      Title: Associate Directorbjt - Bank One/UAL Fifth Amendment

Exhibit 4.4

LIMITED WAIVER AND FIFTH AMENDMENT TO

DEBTOR IN POSSESSION CREDIT AGREEMENT

           LIMITED
WAIVER AND FIFTH AMENDMENT, dated as of October 10, 2003 (the "Amendment"),
to the Debtor in Possession Credit Agreement, dated as of December 24,
2002, among United Air Lines, Inc., a Delaware corporation as debtor and
debtor in possession ("Borrower"), the Persons named in the Credit Agreement
as Credit Parties as debtors and debtors in possession, Bank One, NA, a
national banking association in its capacity as Agent for the Lenders ("Agent"),
and the Persons signatory to the Credit Agreement from time to time as
Lenders.

W I T N E S S E T H:

        WHEREAS, Borrower,
Credit Parties, Agent and Lenders have entered into that certain Debtor
in Possession Credit Agreement, dated as of December 24, 2002 (as amended,
restated, supplemented and otherwise modified from time to time, the "Credit
Agreement"), and to certain other documents executed in connection with
the Credit Agreement; and

        WHEREAS, the Borrower
and the other Credit Parties have requested that from and after the (i)
Waiver and Fuel Agreement Effective Date (as hereinafter defined), the
Lenders agree to waive the Events of Default described in paragraph 2 hereof
and consent to the amendments set forth in paragraphs 3(A), 5(D), 7 and
8 hereof and (ii) Amendment Effective Date (as hereinafter defined), the
Credit Agreement be amended as set forth in paragraphs 3(B), 4, 5(A), 5(B), 
5(C) and 6 hereof, subject to and upon the terms and conditions set forth
herein.

        NOW, THEREFORE, the
parties hereto hereby agree as follows:

        1.    As used
herein, all terms that are defined in the Credit Agreement shall have the
same meanings herein.

        2.    Waivers. 
The Lenders hereby waive any Default under (i) Section 7.13 of the Credit
Agreement or any Unmatured Default under Section 7.13 of the Credit Agreement
solely as a result of the Borrower's failure to provide the 14-day notice
required by Section 6(c)(iii) of the SGR Agreement for the discontinuation
or material modification of service on any Route in connection with discontinuation
of service on the San Francisco/Taipei Route as set forth on Schedule 1
attached hereto and (ii) Section 7.5 of the Credit Agreement solely as
a result of the occurrence of any corresponding default under the Additional
DIP Credit Agreement, provided that the waiver set forth in this sentence
shall not become effective until any such similar default under the Additional
DIP Credit Agreement has been waived and Agent has received evidence satisfactory
to it of such waiver.

        3.    
Amendment to Article I.  Article I of the Credit Agreement
is hereby amended by (A) inserting the following new definitions in the
appropriate alphabetical order:

"Jet Fuel Supply Agreement" shall mean that certain Jet Fuel Supply
Agreement, dated as of October ___, 2003, as it may be amended from time
to time in accordance with Section 6.37 hereof, among the Borrower, UAFC
and MSCG, pursuant to which MSCG will supply jet fuel for the Borrower's
domestic operations, will assume certain of the Borrower's and UAFC's existing
supply and third-party sale agreements and will sublease certain of the
Borrower's and UAFC's existing infrastructure agreements.
"MSCG" shall mean Morgan Stanley Capital Group Inc.

"UAFC" shall mean United Aviation Fuels Corporation.

and (B) inserting the following new definition in the appropriate alphabetical
order:

                                       
"Orbitz" shall have the meaning set forth in Section 6.25 hereof.

        4.    Amendment
to Section 6.22. Section 6.22 of the Credit Agreement is hereby amended
by (A) deleting the word "and" appearing at the end of clause (xiv), (B)
deleting the period at the end of clause (xv)  and (C) inserting the
following new clause at the end thereof:

"; and (xvi) the restructuring of certain Indebtedness owed to Export
Development Canada secured by Liens on five (5) flight simulators (in connection
and concurrently with the refinancing of certain Indebtedness that is secured
by two 757 aircraft, which refinancing is permitted by clause (ix) of this
Section) pursuant to which principal payments will be deferred until August
1, 2004 (with principal payments to be made every February and August thereafter
according to an agreed upon amortization) and accrued and unpaid interest
will be paid upon the closing of such restructuring and in February 2004
and thereafter on any dates on which a principal payment is made (it being
understood that any such restructured Indebtedness may not be granted status
as  a superpriority administrative expense claim pursuant to Section
364(c)(1) of the Bankruptcy Code)."

        5.     Amendment
to Section 6.24. Section 6.24 of the Credit Agreement is hereby amended
by (A) deleting the word "and" appearing at the end of clause (xviii),
(B) deleting the period at the end of clause (xix) and (C) inserting the
following new clause (xx) at the end thereof:
"; (xx) the sale or other disposition by the Borrower of (A) 100%
of the ownership interests which it holds in Hotwire, Inc. for net cash
proceeds of no less than $80,000,000 and (B) the sale or other disposition
by the Borrower of a portion of the ownership interests which it holds
in Orbitz in a public offering of the common stock of Orbitz for cash proceeds
of no less than $26,000,000, provided, that 100% of such net cash
proceeds of each disposition permitted by this clause 6.24(xx) shall be
applied as a prepayment of the "Loans" under the Additional DIP Credit
Agreement in accordance with Section 2.13(e) of the Additional DIP Credit
Agreement;"

and (D) inserting the following new clause (xxi) immediately thereafter:
"and (xxi) the assignment of local supply agreements, bulk supply
agreements and third-party sale agreements, the sublease of infrastructure
agreements and the transfer of historical pipeline capacity in each case
as contemplated under the Jet Fuel Supply Agreement.".

        6.     Amendment
to Section 6.25.   Section 6.25 of the Credit Agreement is
hereby amended by (A) deleting the word "and" appearing at the end of clause
(xiii), (B) deleting the period at the end of clause (xiv) and (C) inserting
the following new clauses at the end thereof:
"; (xv) following the distribution of ULS's ownership interests in
Orbitz, Inc. and Orbitz, LLC (together, "Orbitz") to the Parent, the Parent
may transfer such ownership interests in Orbitz to the Borrower through
a capital contribution in connection with the sale of such ownership interests
permitted by Section 6.24(xx); and (xvi) additional capital contributions
by the Parent to the Borrower."

        7.    Amendment
to Section 6.26.  Section 6.26 of the Credit Agreement
is hereby amended by (A) deleting the word "and" appearing at the end of
clause (xvi), (B) deleting the period at the end of clause (xvii) and (C)
inserting the following new clause at the end thereof:
"; and (xviii) Liens on cash in an aggregate amount not in excess
of $18,000,000 representing a deposit securing the obligations of the Borrower
and UAFC under the Jet Fuel Supply Agreement.".

        8.    Amendment
to Article VI. Article VI of the Credit Agreement is hereby amended
by adding the following new Section 6.37:
"6.37  Modification of Jet Fuel Supply Agreement. 
Enter into or permit any material amendment or modification to the Jet
Fuel Supply Agreement that would materially and adversely affect the interests
of the Lenders."

        9.    Condition
to Waiver and Fuel Agreement Effective Date.  The waivers set
forth in paragraph 2 hereof and the consents to the amendments set forth
in paragraphs 3(A), 5(D), 7 and 8 hereof shall not become effective until
the date (the "Waiver and Fuel Agreement Effective Date")
on which this Amendment shall have been executed by the Borrower, the other
Credit Parties and the Required Lenders, and Agent shall have received
evidence satisfactory to it of such execution.
      10.    Conditions to
Amendment Effective Date. The amendments set forth in paragraphs 3(B),
4, 5(A), 5(B), 5(C) and 6 of this Amendment shall not become effective
until the date (the "Amendment Effective Date") on which (i) this
Amendment shall have been executed by the Borrower, the other Credit Parties
and the Required Lenders, and Agent shall have received evidence satisfactory
to it of such execution, (ii) the Bankruptcy Court shall have entered an
order satisfactory in form and substance to the Agent authorizing the payment
by no later than October 27, 2003 by the Borrower to the Agent for the
respective account of each Lender that has executed and delivered to each
Agent a counterpart of this Amendment by not later than 5:00 p.m. (New
York City time) on October 10, 2003, an amendment fee in an amount equal
to 1/10 of 1% of such Lender's Commitment on October 10, 2003, and (iii)
such amendment and other fees referred to above shall have been paid in
cash to the Agent within one Business Day after entry of the order referred
to above (it being understood and agreed that the fees referred to in clause
(ii) are being paid in consideration of all of the waivers and amendments
set forth herein).

      11.    Ratification. 
Except to the extent hereby amended, the Credit Agreement and each of the
Loan Documents remain in full force and effect and are hereby ratified
and affirmed.

      12.    Costs and Expenses. 
The Borrower agrees that its obligations set forth in Section 9.6 of the
Credit Agreement shall extend to the preparation, execution and delivery
of this Amendment, including the reasonable fees and disbursements of special
counsel to the Agent.

      13.    References. 
This Amendment shall be limited precisely as written and shall not be deemed
(a) to be a consent granted pursuant to, or a waiver or modification of,
any other term or condition of the Credit Agreement or any of the instruments
or agreements referred to therein or (b) to prejudice any right or rights
which the Agent or the Lenders may now have or have in the future under
or in connection with the Credit Agreement or any of the instruments or
agreements referred to therein. Whenever the Credit Agreement is referred
to in the Credit Agreement or any of the instruments, agreements or other
documents or papers executed or delivered in connection therewith, such
reference shall be deemed to mean the Credit Agreement as modified by this
Amendment.

      14.    Counterparts. 
This Amendment may be executed in any number of counterparts and by the
different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which
taken together shall constitute but one and the same instrument. 
A fax copy of a counterpart signature page shall serve as the functional
equivalent of a manually executed copy for all purposes.

      15.    Applicable Law. 
This Amendment shall be governed by, and construed in accordance with,
the laws of the State of Illinois.

[SIGNATURE PAGES TO FOLLOW]

       IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed as of the
day and the year first written.

BORROWER:
UNITED AIR LINES, INC.

By:   /s/ Frederic F. Brace

Name: Frederic F. Brace

Title: Executive Vice President

        and Chief Financial Officer

 

 

GUARANTOR:

UAL CORPORATION

By:   /s/ Frederic F. Brace

Name: Frederic F. Brace

Title: Executive Vice President

        and Chief Financial Officer

 

 

GUARANTOR:

UAL LOYALTY SERVICES, INC.

By:  /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

UAL COMPANY SERVICES, INC.

By:   /s/ Frederic F. Brace

Name: Frederic F. Brace

Title:   Vice President and Treasurer

 

 

GUARANTOR:

CONFETTI, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

MILEAGE PLUS HOLDINGS, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

MILEAGE PLUS MARKETING, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

MYPOINTS.COM, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

CYBERGOLD, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

ITARGET.COM, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

MYPOINTS OFFLINE SERVICES, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

UAL BENEFITS MANAGEMENT, INC.

By:   /s/ Frederic F. Brace

Name: Frederic F. Brace

Title:  President

 

 

GUARANTOR:

UNITED BIZ JET HOLDINGS, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

BIZJET CHARTER, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

BIZJET FRACTIONAL, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

BIZJET SERVICES, INC.

By:   /s/ Steven M. Rasher

Name:

Title:

 

 

GUARANTOR:

KION LEASING, INC.

By:   /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:

PREMIER MEETING AND TRAVEL SERVICES,

INC.

By:   /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President and Treasurer

 

 

GUARANTOR:

UNITED AVIATION FUELS CORPORATION

By:   /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

GUARANTOR:

UNITED COGEN, INC.

By:  /s/ Paul R. Lovejoy

Name:  Paul R. Lovejoy

Title:  Vice President and Secretary

 

 

GUARANTOR:

MILEAGE PLUS, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

GUARANTOR:

UNITED GHS, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

 

 

GUARANTOR:

UNITED WORLDWIDE CORPORATION

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:

UNITED VACATIONS, INC.

By:  Frederic F. Brace

Name:  Frederic F. Brace

Title:  Vice President

 

 

GUARANTOR:

FOUR STAR LEASING, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:

AIR WIS SERVICES, INC.

By:  Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:

AIR WISCONSIN, INC.

By:  /s/ Frederic F. Brace

Name:  Frederic F. Brace

Title:  President

 

 

GUARANTOR:

DOMICILE MANAGEMENT SERVICES, INC.

By:  /s/ Paul R. Lovejoy

Name:  Paul R. Lovejoy

Title:  Vice President and Secretary

 

 

LENDERS:

BANK ONE, NA,

By:  /s/ Patrick J. Fravel

Name:  Patrick J. Fravel

Title:  Associate Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]