Document:

Revolving Credit Agreement (2007-1B), dated as of June 26, 2007

 Exhibit 4.9 
  

 REVOLVING CREDIT AGREEMENT 
 (2007-1B) 
 dated as of June 26, 2007 
 between 
 WILMINGTON TRUST COMPANY,

 as Subordination Agent, 
 as
Agent and Trustee for the 
 United Air Lines Pass Through Trust 2007-1B, 
 as Borrower 
 and 
 MORGAN STANLEY SENIOR FUNDING, INC., 
 as Liquidity Provider 
  

 Relating to United Air Lines

 Pass Through Trust 2007-1B 
 United Air Lines Pass Through Certificates, Series 2007-1B 
  

  

 TABLE OF CONTENTS 
  

							
	 	 	 	 	 	  	Page
	 ARTICLE I       DEFINITIONS
	  	1
				
		 	 Section 1.01
	 	 Certain !Defined Terms
	  	1
		
	 ARTICLE II     AMOUNT AND TERMS OF THE COMMITMENT
	  	7
				
		 	 Section 2.01
	 	 The Advances
	  	7
		 	 Section 2.02
	 	 Making the Advances
	  	7
		 	 Section 2.03
	 	 Fees
	  	9
		 	 Section 2.04
	 	 Automatic Reductions and Termination of the Maximum Commitment
	  	9
		 	 Section 2.05
	 	 Repayments of Interest Advances , the Special Termination Advance or the Final Advance
	  	10
		 	 Section 2.06
	 	 Repayments of Provider Advances
	  	10
		 	 Section 2.07
	 	 Payments to the Liquidity Provider Under the Intercreditor Agreement
	  	11
		 	 Section 2.08
	 	 Book Entries
	  	12
		 	 Section 2.09
	 	 Payments from Available Funds Only
	  	12
		 	 Section 2.10
	 	 Extension of the Expiry Date; Non-Extension Advance
	  	12
		
	 ARTICLE III     OBLIGATIONS OF THE BORROWER
	  	12
				
		 	 Section 3.01
	 	 Increased Costs
	  	12
		 	 Section 3.02
	 	 Capital Adequacy
	  	13
		 	 Section 3.03
	 	 Payments Free of Deductions
	  	14
		 	 Section 3.04
	 	 Payments
	  	15
		 	 Section 3.05
	 	 Computations
	  	15
		 	 Section 3.06
	 	 Payment on Non-Business Days
	  	15
		 	 Section 3.07
	 	 Interest
	  	16
		 	 Section 3.08
	 	 Replacement of Borrower
	  	17
		 	 Section 3.09
	 	 Funding Loss Indemnification
	  	17
		 	 Section 3.10
	 	 Illegality
	  	17
		
	 ARTICLE IV     CONDITIONS PRECEDENT
	  	18
				
		 	 Section 4.01
	 	 Conditions Precedent to Effectiveness of Section 2.01
	  	18
		 	 Section 4.02
	 	 Conditions Precedent to Borrowing
	  	19

  

 i 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	Page
	 ARTICLE V       COVENANTS
	  	
				
		 	 Section 5.01
	 	 Affirmative Covenants of the Borrower
	  	19
		 	 Section 5.02
	 	 Negative Covenants of the Borrower
	  	20
		
	 ARTICLE VI       LIQUIDITY EVENTS OF DEFAULT AND SPECIAL TERMINATION
	  	20
				
		 	 Section 6.01
	 	 Liquidity Events of Default and Special Termination
	  	20
		
	 ARTICLE VII     MISCELLANEOUS
	  	21
				
		 	 Section 7.01
	 	 Amendments, Etc
	  	21
		 	 Section 7.02
	 	 Notices, Etc
	  	21
		 	 Section 7.03
	 	 No Waiver; Remedies
	  	22
		 	 Section 7.04
	 	 Further Assurances
	  	22
		 	 Section 7.05
	 	 Indemnification; Survival of Certain Provisions
	  	22
		 	 Section 7.06
	 	 Liability of the Liquidity Provider
	  	23
		 	 Section 7.07
	 	 Costs, Expenses and Taxes
	  	23
		 	 Section 7.08
	 	 Binding Effect; Participations
	  	24
		 	 Section 7.09
	 	 Severability
	  	25
		 	 Section 7.10
	 	 GOVERNING LAW
	  	25
		 	 Section 7.11
	 	 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity
	  	25
		 	 Section 7.12
	 	 Execution in Counterparts
	  	26
		 	 Section 7.13
	 	 Entirety
	  	26
		 	 Section 7.14
	 	 Headings
	  	26
		 	 Section 7.15
	 	 LIQUIDITY PROVIDER’S OBLIGATION TO MAKE ADVANCES
	  	26

  

					
	Annex I	 	-	  	 Interest Advance Notice of Borrowing

	Annex II	 	-	  	 Non-Extension Advance Notice of Borrowing

	Annex III	 	-	  	 Downgrade Advance Notice of Borrowing

	Annex IV	 	-	  	 Final Advance Notice of Borrowing

	Annex V	 	-	  	 Notice of Termination

	Annex VI	 	-	  	 Notice of Replacement Subordination Agent

	Annex VII	 	-	  	 Special Termination Advance Notice of Borrowing

	Annex VIII	 	-	  	 Notice of Special Termination

  

 ii 

 REVOLVING CREDIT AGREEMENT (2007-1B) 
 THIS REVOLVING CREDIT AGREEMENT (2007-1B) dated as of June 26, 2007 (this “Agreement”), between WILMINGTON TRUST
COMPANY, a Delaware banking corporation, not in its individual capacity but solely as Subordination Agent under the Intercreditor Agreement (each as defined below), as agent and trustee for the Class B Trust (as defined below) (the
“Borrower”), and MORGAN STANLEY SENIOR FUNDING, INC., a Delaware corporation (the “Liquidity Provider”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the Class B Trust Agreement (such term and
all other capitalized terms used in these recitals having the meanings set forth or referred to in Section 1.01), the Class B Trust is issuing the Class B Certificates; 
 WHEREAS, the Borrower, in order to support the timely payment of a portion of the interest on the Class B Certificates in accordance with
their terms, has requested the Liquidity Provider to enter into this Agreement, providing in part for the Borrower to request in specified circumstances that Advances be made hereunder; and 
 WHEREAS, Morgan Stanley, a Delaware corporation (the “Guarantor”), will guarantee in full, pursuant to a guarantee
agreement dated as of the date hereof and issued by the Guarantor (the “Guarantee Agreement”), the payment obligations of the Liquidity Provider under this Agreement. 
 NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Certain Defined Terms. (a) Definitions. As used in this Agreement and unless otherwise expressly indicated, or
unless the context clearly requires otherwise, the following capitalized terms shall have the following respective meanings for all purposes of this Agreement: 
 “Additional Costs” has the meaning assigned to such term in Section 3.01. 
 “Advance” means an Interest Advance, a Final Advance, a Provider Advance, a Special Termination Advance, an Applied Special Termination Advance or an Applied Provider Advance, as the case may be. 
 “Applicable Liquidity Rate” has the meaning assigned to such term in Section 3.07(g). 
 “Applicable Margin” means (x) with respect to any Unpaid Advance (other than an Unapplied Special Termination Advance) or
Applied Provider Advance, 1.75% per annum, or (y) with respect to any Unapplied Provider Advance, the rate per annum specified in the Fee Letter, or (z) with respect to any Unapplied Special Termination Advance, the margin per annum
specified in the Fee Letter. 

 [Revolving Credit Agreement (2007-1B)] 
  

 “Applied Downgrade Advance” has the meaning assigned to such term in
Section 2.06(a). 
 “Applied Non-Extension Advance” has the meaning assigned to such term in
Section 2.06(a). 
 “Applied Provider Advance” has the meaning assigned to such term in Section 2.06(a).

 “Applied Special Termination Advance” has the meaning assigned to such term in Section 2.05. 
 “Base Rate” means, for a day, a fluctuating interest rate per annum in
effect from time to time, which rate per annum shall at all times be equal to (a) the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published for such day (or, if such day is not a Business Day, for the preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the quotations for such
day for such transactions received by the Liquidity Provider from three Federal funds brokers of recognized standing selected by it, plus (b) one-quarter of one percent ( 1/4 of 1%). 
 “Base Rate Advance” means
an Advance that bears interest at a rate based upon the Base Rate. 
 “Borrower” has the meaning assigned to such
term in the recital of parties to this Agreement. 
 “Borrowing” means the making of Advances requested by delivery
of a Notice of Borrowing. 
 “Business Day” means any day other than a Saturday or Sunday or a day on which
commercial banks are required or authorized to close in Chicago, Illinois, New York, New York or, so long as any Class B Certificate is outstanding, the city and state in which the Class B Trustee, the Borrower or any Loan Trustee
maintains its corporate trust office or receives or disburses funds, and, if the applicable Business Day relates to any Advance or other amount bearing interest based on the LIBOR Rate, on which dealings in dollars are carried on in the London
interbank market. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Downgrade Advance” means an Advance made pursuant to Section 2.02(c). 
 “Downgrade Event” means a downgrading of the Guarantor’s short-term unsecured debt rating or short-term issuer credit rating
(as applicable) issued by either Rating Agency below the applicable Threshold Rating or the Guarantee ceases to be in full force and effect or becomes invalid or unenforceable or the Guarantor repudiates its liability thereunder, unless each Rating

  

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 [Revolving Credit Agreement (2007-1B)] 
  

 
Agency shall have confirmed in writing on or prior to the date of such downgrading that such downgrading will not result in the downgrading, withdrawal or
suspension of the ratings of the Class B Certificates, in which case such downgrading of the Guarantor’s short-term unsecured debt rating or short-term issuer credit rating (as applicable) shall not constitute a Downgrade Event. 
 “Effective Date” has the meaning assigned to such term in Section 4.01. The delivery of the certificate of the Liquidity
Provider contemplated by Section 4.01(e) shall be conclusive evidence that the Effective Date has occurred. 
 “Excluded
Taxes” means (i) Taxes imposed on, based on, or measured by the overall net income, capital, franchises or receipts (other than Taxes which are or are in the nature of sales or use Taxes or value added Taxes) of the Liquidity
Provider or of its Lending Office by the jurisdiction where such Liquidity Provider’s principal office or such Lending Office is located or any other taxing jurisdiction in which such Tax is imposed as a result of the Liquidity Provider being,
or having been, organized in, or conducting, or having conducted, any activities unrelated to the transactions contemplated by the Operative Agreements in such jurisdiction, and (ii) Excluded Withholding Taxes. 
 “Excluded Withholding Taxes” means (i) withholding Taxes imposed by the United States except (but only in the case of a
successor Liquidity Provider organized under the laws of a jurisdiction outside the United States) to the extent that such United States withholding Taxes are imposed or increased as a result of any change in applicable law (excluding from change in
applicable law for this purpose a change in an applicable treaty or other change in law affecting the applicability of a treaty) after the date hereof, or in the case of a successor Liquidity Provider (including a transferee of an Advance), after
the date on which such successor Liquidity Provider obtains its interest, (ii) any withholding Taxes imposed by the United States which are imposed or increased as a result of the Liquidity Provider failing to deliver to the Borrower any
certificate or document (which certificate or document in the good faith judgment of the Liquidity Provider it is legally entitled to provide) which is reasonably requested by the Borrower to establish that payments under this Agreement are exempt
from (or entitled to a reduced rate of) withholding Tax, and (iii) withholding Taxes imposed by the United States on payments to a recipient in any other jurisdiction to which such Lending Office is moved if, under the laws in effect at the
time of such move, such laws would require greater withholding of Taxes on payments to such Liquidity Provider acting from an office in such jurisdiction than would be required on payments to such Liquidity Provider acting from an office in the
jurisdiction from which such Lending Office was moved. 
 “Expenses” means liabilities, obligations, damages,
settlements, penalties, claims, actions, suits, costs, expenses, and disbursements (including, without limitation, reasonable fees and disbursements of legal counsel and costs of investigation), provided that Expenses shall not include any Taxes.

 “Expiry Date” means the anniversary date of the Closing Date immediately following the date the Liquidity Provider
has provided written notice to the Borrower by the Notice Date of the Liquidity Provider’s desire not to extend beyond such anniversary date its obligation to make Advances. 
  

 3 

 [Revolving Credit Agreement (2007-1B)] 
  

 “Final Advance” means an Advance made pursuant to Section 2.02(d).

 “GAAP” means generally accepted accounting principles as set forth in the statements of financial accounting
standards issued by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants, as such principles may at any time or from time to time be varied by any applicable financial accounting rules or regulations
issued by the Securities and Exchange Commission and, with respect to any person, shall mean such principles applied on a basis consistent with prior periods except as may be disclosed in such person’s financial statements. 
 “Guarantee Agreement” has the meaning assigned to such term in the recitals to this Agreement. 
 “Guarantor” has the meaning assigned to such term in the recitals to this Agreement. 
 “Indemnified Tax” has the meaning assigned to such term in Section 3.03(a). 
 “Intercreditor Agreement” means the Intercreditor Agreement dated as of the date hereof among the Trustees, the Liquidity
Provider, the liquidity provider under the other Liquidity Facility and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 
 “Interest Advance” means an Advance made pursuant to Section 2.02(a). 
 “Interest Period” means, with respect to any LIBOR Advance, each of the following periods: 
 (i) the period beginning on the third Business Day following either (x) the date of the Liquidity Provider’s receipt of the
Notice of Borrowing for such LIBOR Advance or (y) the date of the withdrawal of funds from the Class B Cash Collateral Account for the purpose of paying interest on the Class B Certificates as contemplated by Section 2.06(a)
hereof and, in either case, ending on the next Regular Distribution Date (or, if such day is not a Business Day, the next succeeding Business Day); and 
 (ii) each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the next Regular Distribution Date (or, if such day is not a Business Day, the next succeeding Business
Day); 
 provided, however, that if (x) the Final Advance shall have been made, or (y) other outstanding Advances shall have been converted into
the Final Advance, then the Interest Periods shall be successive periods of one month beginning on the third Business Day following the Liquidity Provider’s receipt of the Notice of Borrowing for such Final Advance (in the case of
clause (x) above) or the Regular Distribution Date (or, if such day is not a Business Day, the next succeeding Business Day) following such conversion (in the case of clause (y) above). 
 “Lending Office” means the office of the Liquidity Provider presently located in New York, New York, or such other office as the
Liquidity Provider from time to time shall notify the Borrower as its Lending Office hereunder; provided that the Liquidity Provider shall not change its Lending Office to another Lending Office outside the United States of America except in
accordance with Section 3.01, 3.02 or 3.03 hereof. 
  

 4 

 [Revolving Credit Agreement (2007-1B)] 
  

 “LIBOR Advance” means an Advance bearing interest at a rate based upon the
LIBOR Rate. 
 “LIBOR Rate” means, with respect to any Interest Period, 
 (i) the rate per annum appearing on Bloomberg L.P. page “BBAM” (or any successor or substitute therefor) at approximately
11:00 a.m. (London time) two Business Days before the first day of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period, or 
 (ii) if the rate calculated pursuant to clause (i) above is not available, the average (rounded upwards, if necessary, to the next
1/16 of 1%) of the rates per annum at which deposits in dollars are offered for the relevant Interest Period by three banks of recognized standing selected by the Liquidity Provider in the London interbank market at approximately 11:00 a.m.
(London time) two Business Days before the first day of such Interest Period in an amount approximately equal to the principal amount of the LIBOR Advance to which such Interest Period is to apply and for a period comparable to such Interest Period.

 “Liquidity Event of Default” means the occurrence of either (a) the Acceleration of all of the Equipment
Notes or (b) a United Bankruptcy Event. 
 “Liquidity Indemnitee” means (i) the Liquidity Provider,
(ii) the Guarantor, (iii) the directors, officers, employees and agents of the Liquidity Provider and the Guarantor, and (iv) the successors and permitted assigns of the persons described in clauses (i), (ii) and
(iii) inclusive. 
 “Liquidity Provider” has the meaning assigned to such term in the recital of parties to this
Agreement. 
 “Maximum Available Commitment” means, subject to the proviso contained in the third sentence of
Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance, a Special Termination
Advance, or a Final Advance, the Maximum Available Commitment shall be zero. 
 “Maximum Commitment” means initially
$11,756,123.40, as such amount may be reduced from time to time in accordance with Section 2.04(a). 
 “Non-Extension
Advance” means an Advance made pursuant to Section 2.02(b). 
 “Notice of Borrowing” has the
meaning assigned to such term in Section 2.02(e). 
 “Notice Date” has the meaning assigned to such term in
Section 2.10. 
  

 5 

 [Revolving Credit Agreement (2007-1B)] 
  

 “Notice of Replacement Subordination Agent” has the meaning assigned to such
term in Section 3.08. 
 “Performing Note Deficiency” means any time that less than 65% of the then aggregate
outstanding principal amount of all Equipment Notes are Performing Equipment Notes. 
 “Prospectus Supplement” means
the final Prospectus Supplement dated June 19, 2007 relating to the Certificates, as such Prospectus Supplement may be amended or supplemented. 
 “Provider Advance” means a Downgrade Advance or a Non-Extension Advance. 
 “Regulatory Change” has the meaning assigned to such term in Section 3.01. 
 “Replenishment
Amount” has the meaning assigned to such term in Section 2.06(b). 
 “Required Amount” means, for
any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the Class B Certificates, that would be payable on the Class B Certificates on each of the three successive
semi-annual Regular Distribution Dates immediately following such day or, if such day is a Regular Distribution Date, on such day and the succeeding two semi-annual Regular Distribution Dates, in each case calculated on the basis of the Pool Balance
of the Class B Certificates on such day and without regard to expected future distributions of principal on the Class B Certificates. 
 “Special Termination Advance” means an Advance made pursuant to Section 2.02(g). 
 “Special
Termination Notice” means the Notice of Termination substantially in the form of Annex VIII to this Agreement. 
 “Termination Date” means the earliest to occur of the following: (i) the Expiry Date; (ii) the date on which the Borrower delivers to the Liquidity Provider a certificate, signed by a Responsible Officer of
the Borrower, certifying that all of the Class B Certificates have been paid in full (or provision has been made for such payment in accordance with the Intercreditor Agreement and the Class B Trust Agreement) or are otherwise no longer
entitled to the benefits of this Agreement; (iii) the date on which the Borrower delivers to the Liquidity Provider a certificate, signed by a Responsible Officer of the Borrower, certifying that a Replacement Liquidity Facility has been
substituted for this Agreement in full pursuant to Section 3.5(e) of the Intercreditor Agreement; (iv) the fifth Business Day following the receipt by the Borrower of a Termination Notice or Special Termination Notice from the Liquidity
Provider pursuant to Section 6.01 hereof; and (v) the date on which no Advance is or may (including by reason of reinstatement as herein provided) become available for a Borrowing hereunder. 
 “Termination Notice” means the Notice of Termination substantially in the form of Annex V to this Agreement. 
 “Transferee” has the meaning assigned to such term in Section 7.08(b). 
 “Unapplied Downgrade Advance” means any Downgrade Advance other than an Applied Downgrade Advance. 
  

 6 

 [Revolving Credit Agreement (2007-1B)] 
  

 “Unapplied Non-Extension Advance” means any Non-Extension Advance other than
an Applied Non-Extension Advance. 
 “Unapplied Provider Advance” means any Provider Advance other than an Applied
Provider Advance. 
 “Unapplied Special Termination Advance” means any Special Termination Advance other than an
Applied Special Termination Advance. 
 “Unpaid Advance” has the meaning assigned to such term in Section 2.05.

 (b) Terms Defined in the Intercreditor Agreement. Capitalized terms not otherwise defined in this Agreement shall have the
respective meanings assigned to such terms in the Intercreditor Agreement. 
 ARTICLE II 
 AMOUNT AND TERMS OF THE COMMITMENT 
 Section 2.01 The Advances. The Liquidity Provider hereby irrevocably agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the
Effective Date until 1:00 p.m. (New York City time) on the Expiry Date (unless the obligations of the Liquidity Provider shall be earlier terminated in accordance with the terms of Section 2.04(b)) in an aggregate amount at any time
outstanding not to exceed the Maximum Commitment. 
 Section 2.02 Making the Advances. (a) Interest Advances shall be made
in one or more Borrowings by delivery to the Liquidity Provider of one or more written and completed Notices of Borrowing in substantially the form of Annex I attached hereto, signed by a Responsible Officer of the Borrower, in an amount not
exceeding the Maximum Available Commitment at such time and shall be used solely for the payment when due of interest on the Class B Certificates at the Stated Interest Rate therefor in accordance with Section 3.5(a) of the Intercreditor
Agreement. Each Interest Advance made hereunder shall automatically reduce the Maximum Available Commitment and the amount available to be borrowed hereunder by subsequent Advances by the amount of such Interest Advance (subject to reinstatement as
provided in the next sentence). Upon repayment to the Liquidity Provider in full or in part of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum
Available Commitment shall be reinstated by an amount equal to the amount of the Interest Advance so repaid but not to exceed the Maximum Commitment; provided, however, that the Maximum Available Commitment shall not be so reinstated (x) at any
time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency or (y) at any time after the making of a Provider Advance, a Final Advance or a Special Termination Advance
or after any Interest Advance shall have been converted into a Final Advance. 
 (b) A Non-Extension Advance shall be made in a single
Borrowing if this Agreement is not extended in accordance with Section 3.5(d) of the Intercreditor Agreement (unless a Replacement Liquidity Facility to replace this Agreement shall have been delivered to the 

  

 7 

 [Revolving Credit Agreement (2007-1B)] 
  

 
Borrower as contemplated by said Section 3.5(d) within the time period specified in such Section) by delivery to the Liquidity Provider of a written and
completed Notice of Borrowing in substantially the form of Annex II attached hereto, signed by a Responsible Officer of the Borrower, in an amount equal to the Maximum Available Commitment at such time, and shall be used to fund the
Class B Cash Collateral Account in accordance with said Section 3.5(d) and Section 3.5(f) of the Intercreditor Agreement. 
 (c) A Downgrade Advance shall be made in a single Borrowing upon the occurrence of a Downgrade Event (as provided for in Section 3.5(c) of the Intercreditor Agreement) unless a Replacement Liquidity Facility to replace this Agreement
shall have been previously delivered to the Borrower in accordance with Section 3.5(c), by delivery to the Liquidity Provider of a written and completed Notice of Borrowing in substantially the form of Annex III attached hereto, signed by
a Responsible Officer of the Borrower, in an amount equal to the Maximum Available Commitment at such time, and shall be used solely to fund the Class B Cash Collateral Account in accordance with said Section 3.5(c) and Section 3.5(f)
of the Intercreditor Agreement. 
 (d) A Final Advance shall be made in a single Borrowing upon the receipt by the Borrower of a Termination
Notice from the Liquidity Provider pursuant to Section 6.01 hereof by delivery to the Liquidity Provider of a written and completed Notice of Borrowing in substantially the form of Annex IV attached hereto, signed by a Responsible Officer
of the Borrower, in an amount equal to the Maximum Available Commitment at such time, and shall be used solely to fund the Class B Cash Collateral Account (in accordance with Sections 3.5(f) and 3.5(i) of the Intercreditor Agreement).

 (e) Each Borrowing shall be made on notice in writing (a “Notice of Borrowing”) in substantially the form required
by Section 2.02(a), 2.02(b), 2.02(c), 2.02(d) or 2.02 (g), as the case may be, given by the Borrower to the Liquidity Provider. Each Notice of Borrowing shall be effective upon delivery of a copy thereof to the Liquidity Provider’s office
at the address specified in Section 7.02. If a Notice of Borrowing is delivered by the Borrower in respect of any Borrowing no later than 1:00 p.m. (New York City time) on a Business Day, upon satisfaction of the conditions precedent set
forth in Section 4.02 with respect to a requested Borrowing, the Liquidity Provider shall make available to the Borrower, in accordance with its payment instructions, the amount of such Borrowing in U.S. dollars and immediately available funds,
before 4:00 p.m. (New York City time) on such Business Day or on such later Business Day specified in such Notice of Borrowing. If a Notice of Borrowing is delivered by the Borrower in respect of any Borrowing on a day that is not a Business
Day or after 1:00 p.m. (New York City time) on a Business Day, upon satisfaction of the conditions precedent set forth in Section 4.02 with respect to a requested Borrowing, the Liquidity Provider shall make available to the Borrower, in
accordance with its payment instructions, the amount of such Borrowing in U.S. dollars and in immediately available funds, before 12:00 Noon (New York City time) on the first Business Day next following the day of receipt of such Notice of Borrowing
or on such later Business Day specified by the Borrower in such Notice of Borrowing. Payments of proceeds of a Borrowing shall be made by wire transfer of immediately available funds to the Borrower in accordance with such wire transfer instructions
as the Borrower shall furnish from time to time to the Liquidity Provider for such purpose. Each Notice of Borrowing shall be irrevocable and binding on the Borrower. 
  

 8 

 [Revolving Credit Agreement (2007-1B)] 
  

 (f) Upon the making of any Advance requested pursuant to a Notice of Borrowing, in accordance with
the Borrower’s payment instructions, the Liquidity Provider shall be fully discharged of its obligation hereunder with respect to such Notice of Borrowing, and the Liquidity Provider shall not thereafter be obligated to make any further
Advances hereunder in respect of such Notice of Borrowing to the Borrower or to any other Person. If the Liquidity Provider makes an Advance requested pursuant to a Notice of Borrowing before 12:00 Noon (New York City time) on the second Business
Day after the date of payment specified in Section 2.02(e), the Liquidity Provider shall have fully discharged its obligations hereunder with respect to such Advance and an event of default shall not have occurred hereunder. Following the
making of any Advance pursuant to Section 2.02(b), (c), (d) or (g) hereof to fund the Class B Cash Collateral Account, the Liquidity Provider shall have no interest in or rights to the Class B Cash Collateral Account, the
funds constituting such Advance or any other amounts from time to time on deposit in the Class B Cash Collateral Account; provided that the foregoing shall not affect or impair the obligations of the Subordination Agent to make the
distributions contemplated by Section 3.5(e) or (f) of the Intercreditor Agreement, and provided further, that the foregoing shall not affect or impair the rights of the Liquidity Provider to provide written instructions with
respect to the investment and reinvestment of amounts in the Cash Collateral Accounts to the extent provided in Section 2.2(b) of the Intercreditor Agreement. By paying to the Borrower proceeds of Advances requested by the Borrower in
accordance with the provisions of this Agreement, the Liquidity Provider makes no representation as to, and assumes no responsibility for, the correctness or sufficiency for any purpose of the amount of the Advances so made and requested.

 (g) A “Special Termination Advance” shall be made in a single Borrowing upon the receipt by the Borrower of a Special
Termination Notice from the Liquidity Provider pursuant to Section 6.01(b), by delivery to the Liquidity Provider of a written and completed Notice of Borrowing in substantially the form of Annex VII, signed by a Responsible Officer of the
Borrower, in an amount equal to the Maximum Available Commitment at such time, and shall be used solely to fund the Class B Cash Collateral Account (in accordance with Section 3.5(f) and Section 3.5(k) of the Intercreditor Agreement).

 Section 2.03 Fees. The Borrower agrees to pay to the Liquidity Provider the fees set forth in the Fee Letter applicable to
this Agreement. 
 Section 2.04 Automatic Reductions and Termination of the Maximum Commitment. 
 (a) Automatic Reduction. Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the
Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the
Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment. 
 (b) Termination. Upon the making of any Provider Advance, or the Special Termination Advance, or the making of or conversion to a Final Advance
hereunder or the occurrence of the Termination Date, the obligation of the Liquidity Provider to make further Advances hereunder shall automatically and irrevocably terminate, and the Borrower shall not be entitled to request any further Borrowing
hereunder. 
  

 9 

 [Revolving Credit Agreement (2007-1B)] 
  

 Section 2.05 Repayments of Interest Advances , the Special Termination Advance or the Final
Advance. Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to
cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance, the Special Termination Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance,
until repaid, is referred to herein as an “Unpaid Advance”) (if multiple Interest Advances are outstanding any such repayment to be applied in the order in which such Interest Advances have been made, starting with the
earliest), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; provided that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest
Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the
Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all
purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of
Section 2.06(b)); provided, further, that amounts in respect of a Special Termination Advance withdrawn from the Class B Cash Collateral Account for the purpose of paying interest on the Class B Certificates in accordance with
Section 3.5(f) of the Intercreditor Agreement (the amount of any such withdrawal being an “Applied Special Termination Advance”) shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this
Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon; and provided, further, that if, following the making of a Special Termination Advance, the Liquidity Provider delivers a Termination
Notice to the Borrower pursuant to Section 6.01(a), such Special Termination Advance shall thereafter be converted to and treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest
payable thereon and the obligation for repayment thereof and as an Applied Special Termination Advance for purposes of Section 2.6(c) of the Intercreditor Agreement. The Borrower and the Liquidity Provider agree that the repayment in full of
each Interest Advance, Special Termination Advance and Final Advance on the date such Advance is made is intended to be a contemporaneous exchange for new value given to the Borrower by the Liquidity Provider. 
 Section 2.06 Repayments of Provider Advances. (a) Amounts advanced hereunder in respect of a Provider Advance shall be deposited in the
Class B Cash Collateral Account, invested and withdrawn from the Class B Cash Collateral Account as set forth in Sections 3.5(c), (d), (e) and (f) of the Intercreditor Agreement. Subject to Sections 2.07 and 2.09, the
Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Provider Advance, interest on the principal amount of any such Provider Advance as provided
in Section 3.07; provided, however, that amounts in respect of a Provider Advance withdrawn from the Class B Cash Collateral Account for the purpose of paying interest on the Class B Certificates in accordance with
Section 3.5(f) of 

  

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the Intercreditor Agreement (the amount of any such withdrawal being (y) in the case of a Downgrade Advance, an “Applied Downgrade
Advance” and (z) in the case of a Non-Extension Advance, an “Applied Non-Extension Advance” and, together with an Applied Downgrade Advance, an “Applied Provider Advance”) shall
thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the dates on which such interest is payable; provided
further, however, that if, following the making of a Provider Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01 hereof, such Provider Advance shall thereafter be converted to and treated as a
Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the obligation for repayment thereof and as an Applied Downgrade Advance or Applied Non-Extension Advance, as the case may
be, for the purposes of Section 2.6(c) of the Intercreditor Agreement. Subject to Sections 2.07 and 2.09 hereof, immediately upon the withdrawal of any amounts from the Class B Cash Collateral Account on account of a reduction in the
Required Amount, the Borrower shall repay to the Liquidity Provider a portion of the Provider Advances in a principal amount equal to the amount of such reduction, plus interest on the principal amount prepaid as provided in Section 3.07
hereof. 
 (b) At any time when an Applied Provider Advance (or any portion thereof) is outstanding, upon the deposit in the Class B
Cash Collateral Account of any amount pursuant to clause “fourth” of Section 3.2 of the Intercreditor Agreement (any such amount being a “Replenishment Amount”) for the purpose of replenishing or
increasing the balance thereof up to the amount of the Required Amount at such time, (i) the aggregate outstanding principal amount of all Applied Provider Advances (and of Provider Advances treated as an Interest Advance for purposes of
determining the Applicable Liquidity Rate for interest payable thereon) shall be automatically reduced by the amount of such Replenishment Amount (if multiple Applied Provider Advances are outstanding, such Replenishment Amount to be applied in the
order in which such Applied Provider Advances have been made, starting with the earliest) and (ii) the aggregate outstanding principal amount of all Unapplied Provider Advances shall be automatically increased by the amount of such
Replenishment Amount. 
 (c) Upon the provision of a Replacement Liquidity Facility in replacement of this Agreement in accordance with
Section 3.5(e) of the Intercreditor Agreement, amounts remaining on deposit in the Class B Cash Collateral Account after giving effect to any Applied Provider Advance or Applied Special Termination Advance on the date of such replacement
shall be reimbursed to the replaced Liquidity Provider, but only to the extent such amounts are necessary to repay in full to the replaced Liquidity Provider all amounts owing to it hereunder. 
 Section 2.07 Payments to the Liquidity Provider Under the Intercreditor Agreement. In order to provide for payment or repayment to the
Liquidity Provider of any amounts hereunder, the Intercreditor Agreement provides that amounts available and referred to in Articles II and III of the Intercreditor Agreement, to the extent payable to the Liquidity Provider pursuant to the
terms of the Intercreditor Agreement (including, without limitation, Section 3.5(f) of the Intercreditor Agreement), shall be paid to the Liquidity Provider in accordance with the terms thereof. Amounts so paid to, and not required to be
returned by, the Liquidity Provider shall be applied by the Liquidity Provider to Liquidity Obligations then due and payable in accordance with the Intercreditor Agreement and shall discharge in full the corresponding obligations of the Borrower
hereunder (or, if not provided for in the Intercreditor Agreement, then in such manner as the Liquidity Provider shall deem appropriate). 
  

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 Section 2.08 Book Entries. The Liquidity Provider shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of the Borrower resulting from Advances made from time to time and the amounts of principal and interest payable hereunder and paid from time to time in respect thereof; provided,
however, that the failure by the Liquidity Provider to maintain such account or accounts shall not affect the obligations of the Borrower in respect of Advances. 
 Section 2.09 Payments from Available Funds Only. All payments to be made by the Borrower under this Agreement, including, without limitation, Sections 7.05 and 7.07, shall be made only from the amounts
that constitute Scheduled Payments, Special Payments or payments under the Fee Letter and Section 7.1 of the Participation Agreements and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the
Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts in respect of
payments to be made by the Borrower hereunder to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any
amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class B Cash Collateral Account shall be available to the
Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.5(f) of the Intercreditor Agreement. 
 Section 2.10 Extension of the Expiry Date; Non-Extension Advance. If the Liquidity Provider advises the Borrower before the 25th day prior to the immediately following anniversary date of the Closing Date
(the “Notice Date”) that its obligation to make Advances hereunder shall not be so extended beyond such anniversary date (and if the Liquidity Provider shall not have been replaced in accordance with Section 3.5(e) of the
Intercreditor Agreement), the Borrower shall be entitled on and after the Notice Date (but prior to such anniversary date) to request a Non-Extension Advance in accordance with Section 2.02(b) hereof and Section 3.5(d) of the Intercreditor
Agreement. 
 ARTICLE III 
 OBLIGATIONS OF THE BORROWER 
 Section 3.01 Increased Costs. The Borrower shall pay to the Liquidity Provider
from time to time such amounts as may be necessary to compensate the Liquidity Provider for any increased costs incurred by the Liquidity Provider which are attributable to its making or maintaining any Advances hereunder or its obligation to make
any such Advances hereunder, or any reduction in any amount receivable by the Liquidity Provider under this Agreement or the Intercreditor Agreement in respect of any such Advances or such obligation (such increases in costs and reductions in
amounts receivable being herein called “Additional Costs”), resulting from any change after the date of this Agreement in U.S. federal, state, municipal, or foreign 

  

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laws or regulations (including Regulation D of the Board of Governors of the Federal Reserve System), or the adoption or making after the date of this
Agreement of any interpretations, directives, or requirements applying to a class of banks including the Liquidity Provider under any U.S. federal, state, municipal, or any foreign laws or regulations (whether or not having the force of law) by any
court, central bank or monetary authority charged with the interpretation or administration thereof (a “Regulatory Change”), which: (1) changes the basis of taxation of any amounts payable to the Liquidity Provider under
this Agreement in respect of any such Advances or such obligation (other than with respect to Excluded Taxes or Indemnified Taxes); or (2) imposes or modifies any reserve, special deposit, compulsory loan or similar requirements relating to any
extensions of credit or other assets of, or any deposits with other liabilities of, the Liquidity Provider (including any such Advances or such obligation or any deposits referred to in the definition of LIBOR Rate or related definitions). The
Liquidity Provider agrees to use reasonable efforts (consistent with its internal policies and applicable legal and regulatory restrictions) to change the jurisdiction of its Lending Office if making such change would avoid the need for, or reduce
the amount of, any amount payable under this Section that may thereafter accrue and would not, in the reasonable judgment of the Liquidity Provider, be otherwise disadvantageous to the Liquidity Provider. 
 The Liquidity Provider will notify the Borrower of any event occurring after the date of this Agreement that will entitle the Liquidity Provider to
compensation pursuant to this Section 3.01 as promptly as practicable after it obtains knowledge thereof and determines to request such compensation, which notice shall describe in reasonable detail the calculation of the amounts owed under
this Section; provided, that if the Liquidity Provider fails to give such notice within 180 days after it obtains such knowledge, the Liquidity Provider shall, with respect to any costs resulting from such event, only be entitled to payment under
this Section 3.01 for costs incurred from and after the date 180 days prior to the date the Liquidity Provider does give such notice. Determinations by the Liquidity Provider for purposes of this Section 3.01 of the effect of any
Regulatory Change on its costs of making or maintaining Advances or on amounts receivable by it in respect of Advances, and of the additional amounts required to compensate the Liquidity Provider in respect of any Additional Costs, shall be prima
facie evidence of the amount owed under this Section. 
 Notwithstanding the preceding two paragraphs, the Liquidity Provider and the
Subordination Agent agree that (i) the initial Liquidity Provider and (ii) any permitted assignee or participant of the initial Liquidity Provider which is not a bank, shall not be entitled to the benefits of the preceding two paragraphs
(but without limiting the provisions of Section 7.08 hereof). 
 Section 3.02 Capital Adequacy. If (1) the adoption,
after the date hereof, of any applicable governmental law, rule or regulation regarding capital adequacy, (2) any change, after the date hereof, in the interpretation or administration of any such law, rule or regulation by any central bank or
other governmental authority charged with the interpretation or administration thereof or (3) compliance by the Liquidity Provider or any corporation or bank controlling the Liquidity Provider with any applicable guideline or request of general
applicability, issued after the date hereof, by any central bank or other governmental authority (whether or not having the force of law) that constitutes a change of the nature described in clause (2), has the effect of requiring an increase
in the amount of capital required to be maintained by the Liquidity 

  

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Provider or any corporation controlling the Liquidity Provider and such increase is based upon the Liquidity Provider’s obligations hereunder (including
funded obligations) and other similar obligations, the Borrower shall, subject to the provisions of the next paragraph, pay to the Liquidity Provider from time to time such additional amount or amounts as are necessary to compensate the Liquidity
Provider for such portion of such increase as shall be reasonably allocable to the Liquidity Provider’s obligations to the Borrower hereunder. 
 The Liquidity Provider will notify the Borrower of any event occurring after the date of this Agreement that will entitle the Liquidity Provider to compensation pursuant to this Section 3.02 as promptly as practicable after it obtains
knowledge thereof and determines to request such compensation, which notice shall describe in reasonable detail the calculation of the amounts owed under this Section; provided, that if the Liquidity Provider fails to give such notice within 180
days after it obtains such knowledge, the Liquidity Provider shall, with respect to any costs resulting from such event, only be entitled to payment under this Section 3.02 for costs incurred from and after the date 180 days prior to the date
the Liquidity Provider does give such notice. Determinations by the Liquidity Provider for purposes of this Section 3.02 of the effect of any increase in the amount of capital required to be maintained by the Liquidity Provider and of the
amount allocable to the Liquidity Provider’s obligations to the Borrower hereunder shall be prima facie evidence of the amounts owed under this Section, absent manifest error. 
 Notwithstanding the preceding two paragraphs, the Liquidity Provider and the Subordination Agent agree that (i) the initial Liquidity Provider and
(ii) any permitted assignee or participant of the initial Liquidity Provider which is not a bank, shall not be entitled to the benefits of the preceding two paragraphs (but without limiting the provisions of Section 7.08 hereof).

 Section 3.03 Payments Free of Deductions. (a) Unless required by applicable law, all payments made by the Borrower under
this Agreement shall be made free and clear of, and without reduction for or on account of, any present or future Taxes of any nature whatsoever now or hereafter imposed, levied, collected, withheld or assessed. If any Taxes are required to be
withheld from any amounts payable to the Liquidity Provider under this Agreement, (i) the Borrower shall within the time prescribed therefor by applicable law pay to the appropriate governmental or taxing authority the full amount of any such
Taxes (and any additional Taxes in respect of the additional amounts payable under clause (ii) hereof) and make such reports or returns in connection therewith at the time or times and in the manner prescribed by applicable law, and
(ii) in the case of Taxes, other than Excluded Taxes (such non-excluded Taxes being referred to herein, collectively, as “Indemnified Taxes” and each, individually, as a “Indemnified Tax”), the
amounts so payable to the Liquidity Provider shall be increased to the extent necessary to yield to the Liquidity Provider (after payment of all Taxes) interest or any other such amounts payable under this Agreement at the rates or in the amounts
specified in this Agreement. The Liquidity Provider agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to change the jurisdiction of its Lending Office if making such change would avoid the
need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of the Liquidity Provider, be otherwise disadvantageous to the Liquidity Provider. From time to time upon the
reasonable request of the Borrower, the Liquidity Provider agrees to provide to the Borrower 

  

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such original Internal Revenue Service Forms (including W-8BEN, W-8ECI or W-9), as appropriate with respect to Liquidity Provider, or any successor or other
form prescribed by the Internal Revenue Service, certifying as to any available exemption from or reduction in the rate of United States withholding tax on payments pursuant to this Agreement. Within 30 days after the date of each payment hereunder,
the Borrower shall furnish to the Liquidity Provider the original or a certified copy of (or other documentary evidence of) the payment of the Indemnified Taxes applicable to such payment. 
 (b) Unless required by applicable law, all payments (including, without limitation, Advances) made by the Liquidity Provider under this Agreement shall
be made free and clear of, and without reduction for or on account of, any Taxes. If any Taxes are required to be withheld or deducted from any amounts payable to the Borrower under this Agreement, the Liquidity Provider shall (i) within the
time prescribed therefor by applicable law pay to the appropriate governmental or taxing authority the full amount of any such Taxes (and any additional Taxes in respect of the additional amounts payable under clause (ii) hereof) and make such
reports or returns in connection therewith at the time or times and in the manner prescribed by applicable law, and (ii) pay to the Borrower an additional amount which (after deduction of all such Taxes) will be sufficient to yield to the
Borrower the full amount which would have been received by it had no such withholding or deduction been made. Within 30 days after the date of each payment hereunder, the Liquidity Provider shall furnish to the Borrower the original or a certified
copy of (or other documentary evidence of) the payment of the Taxes applicable to such payment. 
 (c) If any exemption from, or reduction in
the rate of, any Taxes is reasonably available to the Borrower to establish that payments under this Agreement are exempt from (or entitled to a reduced rate of) tax, the Borrower shall deliver to the Liquidity Provider such form or forms and such
other evidence of the eligibility of the Borrower for such exemption or reduction as the Liquidity Provider may reasonably identify to the Borrower as being required as a condition to exemption from, or reduction in the rate of, any Taxes.

 Section 3.04 Payments. The Borrower shall make or cause to be made each payment to the Liquidity Provider under this Agreement
so as to cause the same to be received by the Liquidity Provider not later than 1:00 P.M. (New York City time) on the day when due. The Borrower shall make all such payments in lawful money of the United States of America, to the Liquidity
Provider in immediately available funds, by wire transfer to the account of Morgan Stanley Senior Funding, Inc. at Citibank, N.A. ABA No. 021000089, Account No. 406-99-776, Reference: United Air Lines 2007-1 EETC, or to such other account
as the Liquidity Provider may from time to time direct the Borrower. 
 Section 3.05 Computations. All computations of interest
based on the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the LIBOR Rate shall be made on the basis of a year of 360 days, in each case for the actual number of days
(including the first day but excluding the last day) occurring in the period for which such interest is payable. 
 Section 3.06
Payment on Non-Business Days. Whenever any payment to be made hereunder to the Liquidity Provider shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day (and if so made,
shall be deemed to have been made when due). 
  

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 Section 3.07 Interest. (a) Subject to Section 2.09, the Borrower shall pay, or
shall cause to be paid, without duplication, interest on (i) the unpaid principal amount of each Advance from and including the date of such Advance (or, in the case of an Applied Provider Advance or Applied Special Termination Advance, from
and including the date on which the amount thereof was withdrawn from the Class B Cash Collateral Account to pay interest on the Class B Certificates) to but excluding the date such principal amount shall be paid in full (or, in the case
of an Applied Provider Advance or Applied Special Termination Advance, the date on which the Class B Cash Collateral Account is fully replenished in respect of such Advance) and (ii) any other amount due hereunder (whether fees,
commissions, expenses or other amounts or, to the extent permitted by law, installments of interest on Advances or any such other amount) that is not paid when due (whether at stated maturity, by acceleration or otherwise) from and including the due
date thereof to but excluding the date such amount is paid in full, in each such case, at a fluctuating interest rate per annum for each day equal to the Applicable Liquidity Rate (as defined below) for such Advance or such other amount, as the case
may be, as in effect for such day, but in no event at a rate per annum greater than the maximum rate permitted by applicable law; provided, however, that, if at any time the otherwise applicable interest rate as set forth in this
Section 3.07 shall exceed the maximum rate permitted by applicable law, then any subsequent reduction in such interest rate will not reduce the rate of interest payable pursuant to this Section 3.07 below the maximum rate permitted by
applicable law until the total amount of interest accrued equals the amount of interest that would have accrued if such otherwise applicable interest rate as set forth in this Section 3.07 had at all times been in effect. 
 (b) Except as provided in clause (e) below, each Advance will be either a Base Rate Advance or a LIBOR Advance as provided in this Section. Each
such Advance will be a Base Rate Advance for the period from the date of its borrowing to (but excluding) the third Business Day following the Liquidity Provider’s receipt of the Notice of Borrowing for such Advance. Thereafter, such Advance
shall be a LIBOR Advance. 
 (c) Each LIBOR Advance shall bear interest during each Interest Period at a rate per annum equal to the LIBOR
Rate for such Interest Period plus the Applicable Margin for such LIBOR Advance, payable in arrears on the last day of such Interest Period and, in the event of the payment of principal of such LIBOR Advance on a day other than such last day, on the
date of such payment (to the extent of interest accrued on the amount of principal repaid). 
 (d) Each Base Rate Advance shall bear interest
at a rate per annum equal to the Base Rate plus the Applicable Margin for such Base Rate Advance, payable in arrears on each Regular Distribution Date and, in the event of the payment of principal of such Base Rate Advance on a day other than a
Regular Distribution Date, on the date of such payment (to the extent of interest accrued on the amount of principal repaid). 
 (e) Each
outstanding Unapplied Non-Extension Advance, Unapplied Downgrade Advance and Unapplied Special Termination Advance shall bear interest in an amount equal to the Investment Earnings on amounts on deposit in the Class B Cash Collateral Account
plus the Applicable Margin for such Unapplied Non-Extension Advance, Unapplied Downgrade Advance 

  

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or Unapplied Special Termination Advance, as applicable, on the amount of such Unapplied Non-Extension Advance, Unapplied Downgrade Advance or Unapplied
Special Termination Advance from time to time, payable in arrears on each Regular Distribution Date. 
 (f) Each amount not paid when due
hereunder (whether fees, commissions, expenses or other amounts or, to the extent permitted by applicable law, installments of interest on Advances but excluding Advances) shall bear interest at a rate per annum equal to the Base Rate plus
2.00% per annum until paid. 
 (g) Each change in the Base Rate shall become effective immediately. The rates of interest specified in
this Section 3.07 with respect to any Advance or other amount shall be referred to as the “Applicable Liquidity Rate”. 
 Section 3.08 Replacement of Borrower. From time to time and subject to the successor Borrower’s meeting the eligibility requirements set forth in Section 6.9 of the Intercreditor Agreement applicable to the
Subordination Agent, upon the effective date and time specified in a written and completed Notice of Replacement Subordination Agent in substantially the form of Annex VI attached hereto (a “Notice of Replacement Subordination
Agent”) delivered to the Liquidity Provider by the then Borrower, the successor Borrower designated therein shall be substituted for the Borrower for all purposes hereunder. 
 Section 3.09 Funding Loss Indemnification. The Borrower shall pay to the Liquidity Provider, upon the request of the Liquidity Provider, such
amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity
Provider to fund or maintain any LIBOR Advance (but excluding loss of anticipated profits) incurred as a result of: 
 (1) Any
repayment of a LIBOR Advance on a date other than the last day of the Interest Period for such Advance; or 
 (2) Any failure
by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02. 
 Section 3.10 Illegality. Notwithstanding any other provision in this Agreement, if any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any governmental
authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by the Liquidity Provider (or its Lending Office) with any request or directive (whether or not having the force of law) of any
such authority, central bank or comparable agency shall make it unlawful or impossible for the Liquidity Provider (or its Lending Office) to maintain or fund its LIBOR Advances, then upon notice to the Borrower by the Liquidity Provider, the
outstanding principal amount of the LIBOR Advances shall be converted to Base Rate Advances (a) immediately upon demand of the Liquidity Provider, if such change or compliance with such request, in the judgment of the Liquidity Provider,
requires immediate repayment; or (b) at the expiration of the last Interest Period to expire before the effective date of any such change or request. The Liquidity Provider agrees to use reasonable efforts (consistent with its internal policies
and 

  

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applicable legal and regulatory restrictions) to change the jurisdiction of its Lending Office if making such change would avoid or cure the aforesaid
illegality and would not, in the reasonable judgment of the Liquidity Provider, be otherwise disadvantageous to the Liquidity Provider. 
 ARTICLE IV 
 CONDITIONS PRECEDENT 
 Section 4.01 Conditions Precedent to Effectiveness of Section 2.01. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective
Date”) on which the following conditions precedent have been satisfied or waived: 
 (a) The Liquidity Provider shall have
received each of the following, and in the case of each document delivered pursuant to paragraphs (i), (ii) and (iii), each in form and substance satisfactory to the Liquidity Provider: 
 (i) This Agreement duly executed on behalf of the Borrower and the Fee Letter applicable to this Agreement duly executed on behalf of the Borrower;

 (ii) The Intercreditor Agreement duly executed on behalf of each of the parties thereto (other than the Liquidity Provider); 

(iii) Fully executed copies of each of the Operative Agreements executed and delivered on or before the Closing Date (other than this Agreement, the
Guarantee Agreement, the Fee Letter and the Intercreditor Agreement); 
 (iv) A copy of the Prospectus Supplement and specimen copies of the
Class B Certificates; 
 (v) An executed copy of each document, instrument, certificate and opinion delivered on or before the Closing Date
pursuant to the Class B Trust Agreement, the Note Purchase Agreement, the Intercreditor Agreement and the other Operative Agreements (in the case of each such opinion, other than the opinion of counsel for the Underwriters, either addressed to
the Liquidity Provider or accompanied by a letter from the counsel rendering such opinion to the effect that the Liquidity Provider is entitled to rely on such opinion as of its date as if it were addressed to the Liquidity Provider); 
 (vi) Evidence that there shall have been made and shall be in full force and effect, all filings, recordings and/or registrations, and there shall have
been given or taken any notice or other similar action as may be reasonably necessary or, to the extent reasonably requested by the Liquidity Provider, reasonably advisable, in order to establish, perfect, protect and preserve the right, title and
interest, remedies, powers, privileges, liens and security interests of, or for the benefit of, the Trustees, the Borrower and the Liquidity Provider created by the Operative Agreements executed and delivered on or before the Closing Date;

 (vii) An agreement from United, pursuant to which United agrees to provide copies of quarterly financial statements and audited annual
financial statements to the Liquidity Provider provided that so long as United is subject to the reporting requirements of the Securities Exchange Act of 1934, such information will be considered provided if it is made available on the EDGAR
database of the Securities and Exchange Commission; 
  

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 (viii) Legal opinions from (a) Morris, James, LLP, special counsel to the Borrower and
(b) Vedder, Price, Kaufman & Kammholz, P.C., special counsel to United, each in form and substance reasonably satisfactory to the Liquidity Provider; and 
 (ix) Such other documents, instruments, opinions and approvals pertaining to the transactions contemplated hereby or by the other Operative Agreements as the Liquidity Provider shall have reasonably requested.

 (b) The following statement shall be true on and as of the Effective Date: no event has occurred and is continuing, or would result from
the entering into of this Agreement or the making of any Advance, which constitutes a Liquidity Event of Default. 
 (c) The Liquidity
Provider shall have received payment in full of all fees and other sums required to be paid to or for the account of the Liquidity Provider on or prior to the Effective Date. 
 (d) All conditions precedent to the issuance of the Certificates under the Trust Agreements shall have been satisfied or waived and all conditions
precedent to the purchase of the Class A Certificates, the Class B Certificates and the Class C Certificates by the Underwriters under the Underwriting Agreement shall have been satisfied or waived. 
 (e) The Borrower shall have received a certificate, dated the date hereof, signed by a duly authorized representative of the Liquidity Provider,
certifying that all conditions precedent to the effectiveness of Section 2.01 have been satisfied or waived. 
 Section 4.02
Conditions Precedent to Borrowing. The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, on or prior to the
date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of
Advance requested. 
 ARTICLE V 
 COVENANTS 
 Section 5.01 Affirmative Covenants of the Borrower. So long as any Advance
shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will, unless the Liquidity Provider shall
otherwise consent in writing: 
 (a) Performance of this and Other Agreements. Punctually pay or cause to be paid all amounts payable
by it under this Agreement and the other Operative Agreements and observe and perform in all material respects the conditions, covenants and requirements applicable to it contained in this Agreement and the other Operative Agreements. 
  

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 (b) Reporting Requirements. Furnish to the Liquidity Provider with reasonable promptness, such
information and data with respect to the transactions contemplated by the Operative Agreements as from time to time may be reasonably requested by the Liquidity Provider; and permit the Liquidity Provider, upon reasonable notice, to inspect the
Borrower’s books and records with respect to such transactions and to meet with officers and employees of the Borrower to discuss such transactions. 
 (c) Certain Operative Agreements. Furnish to the Liquidity Provider with reasonable promptness, such Operative Agreements entered into after the date hereof as from time to time may be reasonably requested by
the Liquidity Provider. 
 Section 5.02 Negative Covenants of the Borrower. So long as any Advance shall remain unpaid or the
Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will not appoint or permit or suffer to be appointed any successor Borrower
without the prior written consent of the Liquidity Provider, which consent shall not be unreasonably withheld or delayed. 
 ARTICLE VI 
 LIQUIDITY EVENTS OF DEFAULT AND SPECIAL TERMINATION 
 Section 6.01 Liquidity Events of Default and Special Termination. (a) If (i) any Liquidity Event of Default has occurred and is
continuing and (ii) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (A) the obligation of the Liquidity Provider to
make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (B) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in
accordance with Section 2.02(d) hereof and Section 3.5(i) of the Intercreditor Agreement, (C) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate
for interest payable thereon, and (D) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding
hereunder to become immediately due and payable to the Liquidity Provider. 
 (b) If the aggregate Pool Balance of the Class B Certificates
is greater than the aggregate outstanding principal amount of the Series B Equipment Notes (other than any Series B Equipment Notes previously sold or with respect to which the collateral securing such Series B Equipment Notes has been
disposed of) at any time during the 18-month period prior to July 2, 2019 the Liquidity Provider may, in its discretion, deliver to the Borrower a Special Termination Notice, the effect of which shall be to cause (i) the obligation of the
Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Special Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly
make, a Special Termination Advance in accordance with Section 2.02(g) and Section 3.5(k) of the Intercreditor Agreement, and (iii) subject to Sections 2.07 and 2.09, all Advances (including, without limitation, any Provider Advance
and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider. 
  

 20 

 [Revolving Credit Agreement (2007-1B)] 
  

 ARTICLE VII 
 MISCELLANEOUS 
 Section 7.01 Amendments, Etc. No amendment or waiver of any provision of
this Agreement, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Liquidity Provider, and, in the case of an amendment or of a waiver by the Borrower, the
Borrower, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 Section 7.02 Notices, Etc. Except as otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including telecopier and mailed or delivered or sent by telecopier)
addressed to the applicable party at its address set forth below: 
 Borrower: 
 Wilmington Trust Company 
 Rodney Square North 
 1100 North Market Street 
 Wilmington, DE 19890-0001 
 Attention: Corporate Trust Administration 
 Telephone: (800) 733-8485 
 Fax: (302) 651-8882 
 with a copy to: 
 United Air Lines, Inc. 
 77 West Wacker Drive 
 Chicago, IL 60601 
 Attention: Stephen R. Lieberman, Vice President & Treasurer

 E-Mail: stephen.lieberman@united.com 
 Telephone: (312) 997-8000 
 Facsimile: (312) 997-8333; and 
 Paul R. Lovejoy, Senior Vice President, General
Counsel and Secretary 
 E-Mail:paul.lovejoy@united.com, 
 Telephone: (312) 997-8000 
 Facsimile: (312) 997-8333 
  

 21 

 [Revolving Credit Agreement (2007-1B)] 
  

 Liquidity Provider: 
 Morgan Stanley Senior Funding, Inc. 
 1585 Broadway, 3rd Floor 
 New York, New York 10036 
 Attention: FID Collateral Manager 
 Telephone: (212) 761-0877 
 Fax: (212) 507-4949 
 with a copy to: 
 Morgan Stanley 
 1585 Broadway, 38th Floor 
 New York, NY 10036 
 Attention: Chief Legal Officer 
 Fax: (212) 507-4622 
 or to such other
address as shall be designated by such Person in a written notice to the others. All such notices and communications shall be effective (i) if given by telecopier, when transmitted to the telecopier number specified above with receipt confirmed
electronically, and received in legible form, (ii) if given by mail, five Business Days after being deposited in the mails addressed as specified above, and (iii) if given by other means, when delivered at the address specified above,
except that written notices to the Liquidity Provider pursuant to the provisions of Article II and Article III hereof shall not be effective until received by the Liquidity Provider. 
 Section 7.03 No Waiver; Remedies. No failure on the part of the Liquidity Provider to exercise, and no delay in exercising, any right under
this Agreement shall operate as a waiver thereof; nor shall any single or partial exercise of any right under this Agreement preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 Section 7.04 Further Assurances. The Borrower agrees to do such
further acts and things and to execute and deliver to the Liquidity Provider such additional assignments, agreements, powers and instruments as the Liquidity Provider may reasonably require or deem advisable to carry into effect the purposes of this
Agreement and the other Operative Agreements or to better assure and confirm unto the Liquidity Provider its rights, powers and remedies hereunder and under the other Operative Agreements. 
 Section 7.05 Indemnification; Survival of Certain Provisions. The Liquidity Provider shall be indemnified hereunder to the extent and in the
manner described in Section 7.1 of the Participation Agreements. In addition, the Borrower agrees to indemnify, protect, defend and hold harmless the Liquidity Provider from, against and in respect of, and shall pay on demand, all Expenses of
any kind or nature whatsoever (other than any Expenses of the nature described in Section 3.01, 3.02 or 7.07 hereof or in the Fee Letter applicable to this Agreement (regardless of whether indemnified against pursuant to said Sections or in
such Fee Letter)), that may be imposed on, incurred by or asserted against any Liquidity Indemnitee, in any way relating to, 

  

 22 

 [Revolving Credit Agreement (2007-1B)] 
  

 
resulting from, or arising out of or in connection with any action, suit or proceeding by any third party against such Liquidity Indemnitee and relating to
this Agreement, the Fee Letter, the Intercreditor Agreement or any Participation Agreement; provided, however, that the Borrower shall not be required to indemnify, protect, defend and hold harmless any Liquidity Indemnitee in respect
of any Expense of such Liquidity Indemnitee to the extent such Expense is (i) attributable to the gross negligence or willful misconduct of such Liquidity Indemnitee or any other Liquidity Indemnitee, (ii) ordinary and usual operating
overhead expense, (iii) attributable to the failure by such Liquidity Indemnitee or any other Liquidity Indemnitee to perform or observe any agreement, covenant or condition on its part to be performed or observed in this Agreement, the
Intercreditor Agreement, the Fee Letter applicable to this Agreement or any other Operative Agreement to which it is a party; or (iv) a Tax. The indemnities contained in Section 7.1 of the Participation Agreements, and the provisions of
Sections 3.01, 3.02, 3.03, 3.09, 7.05 and 7.07 hereof, shall survive the termination of this Agreement. 
 Section 7.06
Liability of the Liquidity Provider. (a) Neither the Liquidity Provider nor any of its officers, employees, directors or Affiliates shall be liable or responsible for: (i) the use which may be made of the Advances or any acts or
omissions of the Borrower or any beneficiary or transferee in connection therewith; (ii) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects
invalid, insufficient, fraudulent or forged; or (iii) the making of Advances by the Liquidity Provider against delivery of a Notice of Borrowing and other documents which do not comply with the terms hereof; provided, however,
that the Borrower shall have a claim against the Liquidity Provider, and the Liquidity Provider shall be liable to the Borrower, to the extent of any damages suffered by the Borrower which were the result of (A) the Liquidity Provider’s
willful misconduct or negligence in determining whether documents presented hereunder comply with the terms hereof, or (B) any breach by the Liquidity Provider of any of the terms of this Agreement or the Intercreditor Agreement, including, but
not limited to, the Liquidity Provider’s failure to make lawful payment hereunder after the delivery to it by the Borrower of a Notice of Borrowing strictly complying with the terms and conditions hereof. In no event, however, shall the
Liquidity Provider be liable on any theory of liability for any special, indirect, consequential or punitive damages (including, without limitation, any loss of profits, business or anticipated savings). 
 (b) Neither the Liquidity Provider nor any of its officers, employees, directors or Affiliates shall be liable or responsible in any respect for
(i) any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with this Agreement or any Notice of Borrowing delivered hereunder, or (ii) any action,
inaction or omission which may be taken by it in good faith, absent willful misconduct or gross negligence (in which event the extent of the Liquidity Provider’s potential liability to the Borrower shall be limited as set forth in the
immediately preceding paragraph), in connection with this Agreement or any Notice of Borrowing. 
 Section 7.07 Costs, Expenses and
Taxes. The Borrower agrees to pay, or cause to be paid (A) on the Effective Date and on such later date or dates on which the Liquidity Provider shall make demand, all reasonable out-of-pocket costs and expenses (including, without
limitation, the reasonable fees and expenses of outside counsel for the Liquidity Provider) of the Liquidity Provider in connection with the preparation, negotiation, execution, delivery, filing and 

  

 23 

 [Revolving Credit Agreement (2007-1B)] 
  

 
recording of this Agreement, any other Operative Agreement and any other documents which may be delivered in connection with this Agreement and (B) on
demand, all reasonable costs and expenses (including reasonable counsel fees and expenses) of the Liquidity Provider in connection with (i) the enforcement of this Agreement or any other Operative Agreement, (ii) the modification or
amendment of, or supplement to, this Agreement or any other Operative Agreement or such other documents which may be delivered in connection herewith or therewith (whether or not the same shall become effective) or any waiver or consent thereunder
(whether or not the same shall become effective) or (iii) any action or proceeding relating to any order, injunction, or other process or decree restraining or seeking to restrain the Liquidity Provider from paying any amount under this
Agreement, the Intercreditor Agreement or any other Operative Agreement or otherwise affecting the application of funds in the Class B Cash Collateral Account. In addition, the Borrower shall pay any and all recording, stamp and other similar
taxes and fees payable or determined to be payable in connection with the execution, delivery, filing and recording of this Agreement, any other Operative Agreement and such other documents, and agrees to hold the Liquidity Provider harmless from
and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such taxes or fees. 
 Section 7.08 Binding Effect; Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower and the Liquidity Provider and their respective successors and assigns, except that neither the
Liquidity Provider (except as otherwise provided in this Section 7.08 and in Section 3.5(l) of the Intercreditor Agreement) nor (except as contemplated by Section 3.08) the Borrower shall have the right to assign its rights or
obligations hereunder or any interest herein without the prior written consent of the other party, subject to the requirements of Section 7.08(b). The Liquidity Provider may grant participations herein or in any of its rights hereunder
(including, without limitation, funded participations and participations in rights to receive interest payments hereunder) and under the other Operative Agreements to such Persons (other than United and its Affiliates) as the Liquidity Provider may
in its sole discretion select, subject to the requirements of Section 7.08(b). No such granting of participations by the Liquidity Provider, however, will relieve the Liquidity Provider of its obligations hereunder. In connection with any
participation or any proposed participation, the Liquidity Provider may disclose to the participant or the proposed participant any information that the Borrower is required to deliver or to disclose to the Liquidity Provider pursuant to this
Agreement. The Borrower acknowledges and agrees that the Liquidity Provider’s source of funds may derive in part from its participants. Accordingly, references in this Agreement and the other Operative Agreements to determinations, reserve and
capital adequacy requirements, increased costs, reduced receipts, additional amounts due pursuant to Section 3.03 and the like as they pertain to the Liquidity Provider shall be deemed also to include those of each of its participants that are
banks (subject, in each case, to the maximum amount that would have been incurred by or attributable to the Liquidity Provider directly if the Liquidity Provider, rather than the participant, had held the interest participated). 
 (b) If, pursuant to subsection (a) above, the Liquidity Provider sells any participation in this Agreement to any bank or other entity (each, a
“Transferee”), the Transferee shall not be entitled to receive any greater payment under Section 3.03 than the Liquidity Provider would have been entitled to receive with respect to the participation sold to such
Transferee. A Transferee shall not be entitled to the benefits of Section 3.03 unless the Borrower is notified of 

  

 24 

 [Revolving Credit Agreement (2007-1B)] 
  

 
the participation sold to such Transferee and such Transferee agrees, for the benefit of the Borrower, to comply with the certification requirements of
Section 3.03 as though it were the Liquidity Provider. Unless the Borrower has received forms or other documents reasonably satisfactory to it (and required by applicable law) indicating that payments hereunder are not subject to United States
federal withholding tax, the Borrower will withhold taxes as required by law from such payments at the applicable statutory rate. 
 (c)
Notwithstanding the other provisions of this Section 7.08, the Liquidity Provider may assign and pledge all or any portion of the Advances owing to it to any Federal Reserve Bank or the United States Treasury as collateral security pursuant to
Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank, provided that any payment in respect of such assigned Advances made by the Borrower to the Liquidity Provider in
accordance with the terms of this Agreement shall satisfy the Borrower’s obligations hereunder in respect of such assigned Advance to the extent of such payment. No such assignment shall release the Liquidity Provider from its obligations
hereunder. 
 Section 7.09 Severability. Any provision of this Agreement which is prohibited, unenforceable or not authorized in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition, unenforceability or non-authorization without invalidating the remaining provisions hereof or affecting the validity, enforceability or legality of
such provision in any other jurisdiction. 
 Section 7.10 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW)). 
 Section 7.11 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity. (a) Each of the parties hereto hereby irrevocably and
unconditionally: 
 (i) submits for itself and its property in any legal action or proceeding relating to this Agreement or any other
Operative Agreement, or for recognition and enforcement of any judgment in respect hereof or thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern
District of New York, and the appellate courts from any thereof; 
 (ii) consents that any such action or proceeding may be brought in such
courts, and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

 (iii) 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 7.02 hereof, or at such other address of which the Liquidity Provider shall have been notified pursuant thereto; and

  

 25 

 [Revolving Credit Agreement (2007-1B)] 
  

 (iv) 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. 
 (b) THE BORROWER AND THE LIQUIDITY PROVIDER EACH HEREBY
AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING
ESTABLISHED, including, without limitation, contract claims, tort claims, breach of duty claims and all other common law and statutory claims. The Borrower and the Liquidity Provider each warrant and represent that it has reviewed this waiver with
its legal counsel, and that it knowingly and voluntarily waives its jury trial rights following consultation with such legal counsel. THIS WAIVER IS IRREVOCABLE, AND CANNOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY
SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. 
 Section 7.12 Execution in Counterparts. This
Agreement may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same Agreement. 
 Section 7.13 Entirety. This Agreement, the Intercreditor Agreement
and the other Operative Agreements to which the Liquidity Provider is a party constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes all prior understandings and agreements of such parties.

 Section 7.14 Headings. Section headings in this Agreement are included herein for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose. 
 Section 7.15 LIQUIDITY PROVIDER’S OBLIGATION TO MAKE ADVANCES.
EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE OBLIGATIONS OF THE LIQUIDITY PROVIDER TO MAKE ADVANCES HEREUNDER, AND THE BORROWER’S RIGHTS TO DELIVER NOTICES OF BORROWING REQUESTING THE MAKING OF ADVANCES HEREUNDER, SHALL BE UNCONDITIONAL
AND IRREVOCABLE, AND SHALL BE PAID OR PERFORMED, IN EACH CASE STRICTLY IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. 
 Section 7.16
Patriot Act. The Liquidity Provider hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), the Liquidity
Provider is required to obtain, verify and record, and the Borrower shall provide to the Liquidity Provider upon request, information that identifies the Borrower, which information includes the name and address of the Borrower and other information
that will allow the Liquidity Provider to identify the Borrower in accordance with the Act. 
  

 26 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
by their respective officers thereunto duly authorized as of the date first set forth above. 
  

			
	 WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as agent and trustee for the Class B
Trust,
 as Borrower

		
	By:	 	 /s/ W. Chris Sponenberg

	Name:	 	W. Chris Sponenberg
	Title:	 	Vice President
	
	 MORGAN STANLEY SENIOR FUNDING, INC.,
 as Liquidity Provider

		
	By:	 	 /s/ Keith Amburgey

	Name:	 	Keith Amburgey
	Title:	 	Vice President
		
	By:	 	 /s/ Keith Amburgey

	Name:	 	Keith Amburgey
	Title:	 	Vice President

  

 27 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX I 
 TO 
 REVOLVING CREDIT AGREEMENT 
 INTEREST ADVANCE NOTICE OF BORROWING 
 The undersigned, a duly authorized
signatory of the undersigned borrower (the “Borrower”), hereby certifies to Morgan Stanley Senior Funding, Inc. (the “Liquidity Provider”), with reference to the Revolving Credit Agreement (2007-1B) dated as
of June 26, 2007, between the Borrower and the Liquidity Provider (the “Liquidity Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined or referenced), that:

 (1) The Borrower is the Subordination Agent under the Intercreditor Agreement. 
 (2) The Borrower is delivering this Notice of Borrowing for the making of an Interest Advance by the Liquidity Provider to be used,
subject to clause (3)(v) below, for the payment of interest on the Class B Certificates which was payable on                     ,
         (the “Distribution Date”) in accordance with the terms and provisions of the Class B Trust Agreement and the Class B Certificates, which Advance is requested
to be made on                     ,         . The Interest Advance should be transferred to
[name of bank/wire instructions/ABA number] in favor of account number [            ], reference [            ]. 
 (3) The amount of the Interest Advance requested hereby (i) is
$[            ], to be applied in respect of the payment of the interest which was due and payable on the Class B Certificates on the Distribution Date, (ii) does not
include any amount with respect to the payment of principal of, or premium on, the Class B Certificates, or principal of, or interest or premium on, the Class A Certificates and the Class C Certificates, (iii) was computed in
accordance with the provisions of the Class B Certificates, the Liquidity Agreement, the Class B Trust Agreement and the Intercreditor Agreement (a copy of which computation is attached hereto as Schedule I), (iv) does not exceed
the Maximum Available Commitment on the date hereof, and (v) has not been and is not the subject of a prior or contemporaneous Notice of Borrowing. 
 (4) Upon receipt by or on behalf of the Borrower of the amount requested hereby, (a) the Borrower will apply the same in accordance with the terms of Section 3.5(b) of the Intercreditor Agreement,
(b) no portion of such amount shall be applied by the Borrower for any other purpose and (c) no portion of such amount until so applied shall be commingled with other funds held by the Borrower. 
 The Borrower hereby acknowledges that, pursuant to the Liquidity Agreement, the making of the Interest Advance as requested by this Notice of Borrowing
shall automatically reduce, subject to reinstatement in accordance with the terms of the Liquidity Agreement, the Maximum Available Commitment by an amount equal to the amount of the Interest Advance requested to be made hereby as set forth in
clause (i) of paragraph (3) of this Notice of Borrowing and such reduction shall automatically result in corresponding reductions in the amounts available to be borrowed pursuant to a subsequent Advance. 
  

 ANNEX I 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the Borrower has executed and delivered this Notice of Borrowing as of the
         day of                     ,         .

  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United Air Lines Pass Through Trust 2007-1B, as
Borrower
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX I 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 SCHEDULE I 
 TO 
 INTEREST ADVANCE NOTICE OF BORROWING 
 [Insert copy of computations in accordance with Interest Advance Notice of Borrowing] 
  

 ANNEX I 
 Page 3 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX II 
 TO 
 REVOLVING CREDIT AGREEMENT 
 NON-EXTENSION ADVANCE NOTICE OF BORROWING 
 The undersigned, a duly authorized
signatory of the undersigned borrower (the “Borrower”), hereby certifies to Morgan Stanley Senior Funding, Inc. (the “Liquidity Provider”), with reference to the Revolving Credit Agreement (2007-1B) dated as
of June 26, 2007, between the Borrower and the Liquidity Provider (the “Liquidity Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined or referenced), that:

 (1) The Borrower is the Subordination Agent under the Intercreditor Agreement. 
 (2) The Borrower is delivering this Notice of Borrowing for the making of the Non-Extension Advance by the Liquidity Provider to be used
for the funding of the Class B Cash Collateral Account in accordance with Section 3.5(d) of the Intercreditor Agreement, which Advance is requested to be made on
                    ,         . The Non-Extension Advance should be transferred to [name of
bank/wire instructions/ABA number] in favor of account number [            ], reference [            ]. 
 (3) The amount of the Non-Extension Advance requested hereby (i) is
$            .    , which equals the Maximum Available Commitment on the date hereof and is to be applied in respect of the funding of the Class B
Cash Collateral Account in accordance with Section 3.5(d) of the Intercreditor Agreement, (ii) does not include any amount with respect to the payment of the principal of, or premium on, the Class B Certificates, or principal of, or
interest or premium on, the Class A Certificates or the Class C Certificates, (iii) was computed in accordance with the provisions of the Class B Certificates, the Liquidity Agreement, the Class B Trust Agreement and the
Intercreditor Agreement (a copy of which computation is attached hereto as Schedule I), and (iv) has not been and is not the subject of a prior or contemporaneous Notice of Borrowing under the Liquidity Agreement. 
 (4) Upon receipt by or on behalf of the Borrower of the amount requested hereby, (a) the Borrower will deposit such amount in the
Class B Cash Collateral Account and apply the same in accordance with the terms of Section 3.5(d) of the Intercreditor Agreement, (b) no portion of such amount shall be applied by the Borrower for any other purpose and (c) no
portion of such amount until so applied shall be commingled with other funds held by the Borrower. 
 The Borrower hereby acknowledges that,
pursuant to the Liquidity Agreement, (A) the making of the Non-Extension Advance as requested by this Notice of Borrowing shall automatically and irrevocably terminate the obligation of the Liquidity Provider to make further Advances under the
Liquidity Agreement; and (B) following the making by the Liquidity Provider of the Non-Extension Advance requested by this Notice of Borrowing, the Borrower shall not be entitled to request any further Advances under the Liquidity Agreement.

  

 ANNEX II 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the Borrower has executed and delivered this Notice of Borrowing as of the
             day of                     ,
        . 
  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United Air Lines Pass Through Trust 2007-1B, as
Borrower
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX II 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 SCHEDULE I 
 TO 
 NON-EXTENSION ADVANCE NOTICE OF BORROWING 
 [Insert copy of computations in accordance with Non-Extension Advance Notice of Borrowing] 
  

 ANNEX II 
 Page 3 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX III 
 TO 
 REVOLVING CREDIT AGREEMENT 
 DOWNGRADE ADVANCE NOTICE OF BORROWING 
 The undersigned, a duly authorized
signatory of the undersigned borrower (the “Borrower”), hereby certifies to MORGAN STANLEY SENIOR FUNDING, INC. (the “Liquidity Provider”), with reference to the REVOLVING CREDIT AGREEMENT
(2007-1B) dated as of June 26, 2007, between the Borrower and the Liquidity Provider (the “Liquidity Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined or
referenced), that: 
 (1) The Borrower is the Subordination Agent under the Intercreditor Agreement. 
 (2) The Borrower is delivering this Notice of Borrowing for the making of the Downgrade Advance by the Liquidity Provider to be used for
the funding of the Class B Cash Collateral Account in accordance with Section 3.5(c) of the Intercreditor Agreement by reason of the occurrence of a Downgrade Event, which Advance is requested to be made on
                    ,         . The Downgrade Advance should be transferred to [name of
bank/wire instructions/ABA number] in favor of account number [            ], reference [            ]. 
 (3) The amount of the Downgrade Advance requested hereby (i) is
$            .    , which equals the Maximum Available Commitment on the date hereof and is to be applied in respect of the funding of the Class B
Cash Collateral Account in accordance with Section 3.5(c) of the Intercreditor Agreement, (ii) does not include any amount with respect to the payment of the principal of, or premium on, the Class B Certificates, or principal of, or
interest or premium on, the Class A Certificates or the Class C Certificates, (iii) was computed in accordance with the provisions of the Class B Certificates, the Liquidity Agreement, the Class B Trust Agreement and the
Intercreditor Agreement (a copy of which computation is attached hereto as Schedule I), and (iv) has not been and is not the subject of a prior or contemporaneous Notice of Borrowing under the Liquidity Agreement. 
 (4) Upon receipt by or on behalf of the Borrower of the amount requested hereby, (a) the Borrower will deposit such amount in the
Class B Cash Collateral Account and apply the same in accordance with the terms of Section 3.5(c) of the Intercreditor Agreement, (b) no portion of such amount shall be applied by the Borrower for any other purpose and (c) no
portion of such amount until so applied shall be commingled with other funds held by the Borrower. 
 The Borrower hereby acknowledges that,
pursuant to the Liquidity Agreement, (A) the making of the Downgrade Advance as requested by this Notice of Borrowing shall automatically and irrevocably terminate the obligation of the Liquidity Provider to make further Advances under the
Liquidity Agreement; and (B) following the making by the Liquidity Provider of the Downgrade Advance requested by this Notice of Borrowing, the Borrower shall not be entitled to request any further Advances under the Liquidity Agreement.

  

 ANNEX III 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the Borrower has executed and delivered this Notice of Borrowing as of the
             day of                     ,
        . 
  

			
	 WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United
Air Lines Pass Through Trust 2007-1B, as Borrower

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX III 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 SCHEDULE I 
 TO 
 DOWNGRADE ADVANCE NOTICE OF BORROWING 
 [Insert copy of computations in accordance with Downgrade Advance Notice of Borrowing] 
  

 ANNEX III 
 Page 3 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX IV 
 TO 
 REVOLVING CREDIT AGREEMENT 
 FINAL ADVANCE NOTICE OF BORROWING 
 The undersigned, a duly authorized signatory
of the undersigned borrower (the “Borrower”), hereby certifies to MORGAN STANLEY SENIOR FUNDING, INC. (the “Liquidity Provider”), with reference to the REVOLVING CREDIT AGREEMENT
(2007-1A) dated as of June 26, 2007, between the Borrower and the Liquidity Provider (the “Liquidity Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined or
referenced), that: 
 (1) The Borrower is the Subordination Agent under the Intercreditor Agreement. 
 (2) The Borrower is delivering this Notice of Borrowing for the making of the Final Advance by the Liquidity Provider to be used for the
funding of the Class B Cash Collateral Account in accordance with Section 3.5(i) of the Intercreditor Agreement by reason of the receipt by the Borrower of a Termination Notice from the Liquidity Provider with respect to the Liquidity
Agreement, which Advance is requested to be made on                     ,         . The Final
Advance should be transferred to [name of bank/wire instructions/ABA number] in favor of account number [            ], reference
[            ]. 
 (3) The amount of the Final Advance requested
hereby (i) is $            .    , which equals the Maximum Available Commitment on the date hereof and is to be applied in respect of the funding of
the Class B Cash Collateral Account in accordance with Section 3.5(i) of the Intercreditor Agreement, (ii) does not include any amount with respect to the payment of principal of, or premium on, the Class B Certificates, or
principal of, or interest or premium on, the Class A Certificates or the Class C Certificates, (iii) was computed in accordance with the provisions of the Class B Certificates, the Liquidity Agreement, the Class B Trust Agreement
and the Intercreditor Agreement (a copy of which computation is attached hereto as Schedule I), and (iv) has not been and is not the subject of a prior or contemporaneous Notice of Borrowing. 
 (4) Upon receipt by or on behalf of the Borrower of the amount requested hereby, (a) the Borrower will deposit such amount in the
Class B Cash Collateral Account and apply the same in accordance with the terms of Section 3.5(i) of the Intercreditor Agreement, (b) no portion of such amount shall be applied by the Borrower for any other purpose and (c) no
portion of such amount until so applied shall be commingled with other funds held by the Borrower. 
 (5) The Borrower hereby
requests that the Advance requested hereby be a Base Rate Advance and that such Base Rate Advance be converted into a LIBOR Advance on the third Business Day following your receipt of this notice. 
  

 ANNEX IV 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 The Borrower hereby acknowledges that, pursuant to the Liquidity Agreement, (A) the making of
the Final Advance as requested by this Notice of Borrowing shall automatically and irrevocably terminate the obligation of the Liquidity Provider to make further Advances under the Liquidity Agreement; and (B) following the making by the
Liquidity Provider of the Final Advance requested by this Notice of Borrowing, the Borrower shall not be entitled to request any further Advances under the Liquidity Agreement. 
  

 ANNEX IV 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the Borrower has executed and delivered this Notice of Borrowing as of the
             day of                     ,
        . 
  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United Air Lines Pass Through Trust 2007-1B, as
Borrower
		
	By:	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX IV 
 Page 3 

 [Revolving Credit Agreement (2007-1B)] 
  

 SCHEDULE I 
 TO 
 FINAL ADVANCE NOTICE OF BORROWING 
 [Insert copy of computations in accordance with Final Advance Notice of Borrowing] 
  

 ANNEX IV 
 Page 4 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX V 
 TO 
 REVOLVING CREDIT AGREEMENT 
 NOTICE OF TERMINATION 
 [Date] 
 Wilmington Trust Company, 
   as Subordination Agent, as Borrower

 Rodney Square North 
 1100 North Market Square 
 Wilmington, DE 19890-0001 
 Attention: Corporate Trust Administration

 Revolving Credit Agreement dated as of June 26, 2007 between Wilmington Trust Company, as Subordination Agent, as agent and trustee
for the United Air Lines Pass Through Trust, 2007-1B, as Borrower, and Morgan Stanley Senior Funding, Inc. (the “Liquidity Agreement”) 
 Ladies and Gentlemen: 
 You are hereby notified that pursuant to Section 6.01(a) of the Liquidity Agreement, by reason of the
occurrence of a Liquidity Event of Default and the existence of a Performing Note Deficiency (each as defined therein), we are giving this notice to you in order to cause (i) our obligations to make Advances (as defined therein) under such
Liquidity Agreement to terminate on the fifth Business Day after the date on which you receive this notice and (ii) you to request a Final Advance under the Liquidity Agreement pursuant to Section 3.5(i) of the Intercreditor Agreement (as
defined in the Liquidity Agreement) as a consequence of your receipt of this notice. 
  

 ANNEX V 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 THIS NOTICE IS THE “NOTICE OF TERMINATION” PROVIDED FOR UNDER THE LIQUIDITY AGREEMENT. OUR
OBLIGATIONS TO MAKE ADVANCES UNDER THE LIQUIDITY AGREEMENT WILL TERMINATE ON THE FIFTH BUSINESS DAY AFTER THE DATE ON WHICH YOU RECEIVE THIS NOTICE. 
  

			
	 Very truly yours,

	
	MORGAN STANLEY SENIOR FUNDING, INC., as Liquidity Provider
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 cc: Wilmington Trust Company, 
       as Class B Trustee 
  

 ANNEX V 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX VI 
 TO 
 REVOLVING CREDIT AGREEMENT 
 NOTICE OF REPLACEMENT SUBORDINATION AGENT 
 [Date] 
 Attention: 
 Revolving Credit Agreement dated as of
June 26, 2007, between Wilmington Trust Company, as Subordination Agent, as agent and trustee for the United Air Lines Pass Through Trust, 2007-1B, as Borrower, and Morgan Stanley Senior Funding, Inc. (the “Liquidity
Agreement”) 
 Ladies and Gentlemen: 
 For value received, the undersigned beneficiary hereby irrevocably transfers to: 
  

	
	
	   
	 [Name of Transferee]

  

	
	
	   
	 [Address of Transferee]

 all rights and obligations of the undersigned as Borrower under the Liquidity Agreement referred to above. The
transferee has succeeded the undersigned as Subordination Agent under the Intercreditor Agreement referred to in the first paragraph of the Liquidity Agreement, pursuant to the terms of Section 8.1 of the Intercreditor Agreement. 
 By this transfer, all rights of the undersigned as Borrower under the Liquidity Agreement are transferred to the transferee and the transferee shall
hereafter have the sole rights and obligations as Borrower thereunder. The undersigned shall pay any costs and expenses of such transfer, including, but not limited to, transfer taxes or governmental charges. 
 We ask that this transfer be effective as of
                    ,         . 
  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United Air Lines Pass Through Trust 2007-1B, as
Borrower
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX VI 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX VII TO 
 REVOLVING CREDIT AGREEMENT 
 SPECIAL TERMINATION ADVANCE NOTICE OF BORROWING 
 The undersigned, a duly authorized signatory of the undersigned borrower (the “Borrower”), hereby certifies to MORGAN STANLEY SENIOR
FUNDING, INC. (the “Liquidity Provider”), with reference to the Revolving Credit Agreement, dated as of June 26, 2007, between the Borrower and the Liquidity Provider (the “Liquidity Agreement”); the terms
defined therein and not otherwise defined herein being used herein as therein defined or referenced), that: 
 (1) The
Borrower is the Subordination Agent under the Intercreditor Agreement. 
 (2) The Borrower is delivering this Notice of
Borrowing for the making of the Special Termination Advance by the Liquidity Provider to be used for the funding of the Class B Cash Collateral Account in accordance with Section 3.5(k) of the Intercreditor Agreement by reason of the receipt by
the Borrower of a Special Termination Notice from the Liquidity Provider with respect to the Liquidity Agreement, which Advance is requested to be made on
                    . 
 (3) The amount of the Special Termination Advance requested hereby (i) is $            , which equals the Maximum Available Commitment on the date hereof and is to be
applied in respect of the funding of the Class B Cash Collateral Account in accordance with Section 3.5(k) of the Intercreditor Agreement, (ii) does not include any amount with respect to the payment of principal of, or premium on, the
Class A Certificates, the Class B Certificates or the Class C Certificates, or interest on the Class A Certificates or the Class C Certificates, (iii) was computed in accordance with the provisions of the Class B
Certificates, the Class B Trust Agreement and the Intercreditor Agreement (a copy of which computation is attached hereto as Schedule I), and (iv) has not been and is not the subject of a prior or contemporaneous Notice of Borrowing.

 (4) Upon receipt by or on behalf of the Borrower of the amount requested hereby, (a) the Borrower shall deposit such
amount in the Class B Cash Collateral Account and apply the same in accordance with the terms of Section 3.5(k) of the Intercreditor Agreement, (b) no portion of such amount shall be applied by the Borrower for any other purpose and
(c) no portion of such amount until so applied shall be commingled with other funds held by the Borrower. 
 The Borrower hereby
acknowledges that, pursuant to the Liquidity Agreement, (A) the making of the Special Termination Advance as requested by this Notice of Borrowing shall automatically and irrevocably terminate the obligation of the Liquidity Provider to make
further Advances under the Liquidity Agreement; and (B) following the making by the Liquidity Provider of the Special Termination Advance requested by this Notice of Borrowing, the Borrower shall not be entitled to request any further Advances
under the Liquidity Agreement. 
  

 ANNEX VII 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 IN WITNESS WHEREOF, the Borrower has executed and delivered this Notice of Borrowing as of the
             day of                     ,
        . 
  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Subordination Agent, as Agent and Trustee for the United Air Lines Pass Through Trust 2007-1B, as
Borrower
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 ANNEX VII 
 Page 2 

 [Revolving Credit Agreement (2007-1B)] 
  

 SCHEDULE I TO SPECIAL TERMINATION ADVANCE NOTICE OF BORROWING 
 [Insert Copy of Computations in accordance with 
 Special Termination Advance Notice of Borrowing] 
  

 ANNEX VII 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 ANNEX VIII TO 
 REVOLVING CREDIT AGREEMENT 
 NOTICE OF SPECIAL TERMINATION 
 [Date] 
 Wilmington Trust Company 
 Rodney Square North 
 1100 North Market Square 
 Wilmington, DE 19890-0001 
 Attention: Corporate Trust Administration

  

	 	Re:	Revolving Credit Agreement, dated as of June 26, 2007, between Wilmington Trust Company, as Subordination Agent, as agent and trustee for the United Airlines 2007-1B Pass
Through Trust, as Borrower, and Morgan Stanley Senior Funding, Inc. (the “Primary Liquidity Agreement”) 

 Ladies and
Gentlemen: 
 You are hereby notified that pursuant to Section 6.01(b) of the Liquidity Agreement, by reason of the aggregate Pool
Balance of the Class B Certificates exceeding the aggregate outstanding principal amount of the Series B Equipment Notes (other than any Series B Equipment Notes previously sold or with respect to which the collateral securing such
Series B Equipment Notes has been disposed of) during the 18-month period prior to July 2, 2022, we are giving this notice to you in order to cause (i) our obligations to make Advances (as defined therein) under such Liquidity
Agreement to terminate on the fifth Business Day after the date on which you receive this notice and (ii) you to request a Special Termination Advance under the Liquidity Agreement pursuant to Section 3.5(k) of the Intercreditor Agreement
(as defined in the Liquidity Agreement) as a consequence of your receipt of this notice. 
  

 ANNEX VIII 
 Page 1 

 [Revolving Credit Agreement (2007-1B)] 
  

 THIS NOTICE IS THE “NOTICE OF SPECIAL TERMINATION” PROVIDED FOR UNDER THE LIQUIDITY
AGREEMENT. OUR OBLIGATIONS TO MAKE ADVANCES UNDER THE LIQUIDITY AGREEMENT SHALL TERMINATE ON THE FIFTH BUSINESS DAY AFTER THE DATE ON WHICH YOU RECEIVE THIS NOTICE. 
  

			
	 Very truly yours,

	
	 MORGAN STANLEY SENIOR FUNDING, INC. 
 as Liquidity Provider

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 cc: Wilmington Trust Company, as Trustee 
  

 ANNEX VIII 
 Page 2Morgan Stanley Liquidity Facility Guarantee, dated June 26, 2007

 Exhibit 4.10 
  

			
	

	 	 1585 BROADWAY
 NEW YORK, NY
10036-8293

 GUARANTEE 
 June 26, 2007 
  

			
	To:	  	Wilmington Trust Company,
		  	as Subordination Agent,
		  	as Agent and Trustee for the United Air Lines
		  	Pass Through Trust 2007-1B, as Borrower
		  	Rodney Square North
		  	1100 North Market Street
		  	Wilmington, DE 19890-0001
		  	Attention: Corporate Trust Administration

 Ladies and Gentlemen: 
 In consideration of that certain Revolving Credit Agreement (2007-1B) dated as of June 26, 2007 (“Liquidity Facility”) between Wilmington Trust Company, as Subordination Agent, as Agent and Trustee for the United Air
Lines Pass Through Trust 2007-1B, as Borrower (hereinafter “Borrower”) and Morgan Stanley Senior Funding, Inc. (hereinafter “MSSF”), as Liquidity Provider (hereinafter “Liquidity Provider”), Morgan
Stanley, a Delaware corporation (hereinafter “MS”), hereby irrevocably and unconditionally guarantees to the Borrower, with effect from the Effective Date, the due and punctual payment of all amounts payable by MSSF to the Borrower
under the Liquidity Facility, when the same shall become due and payable, in accordance with the terms of the Liquidity Facility and giving effect to any applicable grace period under the Liquidity Facility. Upon failure of MSSF punctually to pay
any such amounts, MS agrees to pay or cause to be paid such amounts. The Borrower agrees to demand payments from MS in writing at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing);
provided that delay by the Borrower in giving such demand shall in no event affect MS’s obligations under this Guarantee. The initial Maximum Commitment under the Liquidity Facility is $11,756,123.40 and will be reduced from time to time in
accordance with Section 2.04(a) of the Liquidity Facility. 
 MS hereby agrees that its obligations hereunder in respect of the Liquidity Facility shall
be absolute and unconditional and will not be discharged except by complete payment of the amounts payable under the Liquidity Facility, irrespective of any claim as to the Liquidity Facility’s validity, regularity or enforceability or the lack
of authority of MSSF to execute or deliver the Liquidity Facility; any insolvency, bankruptcy, reorganization or dissolution or any similar proceeding of MSSF, including without limitation rejection of MSSF’s payment obligations under the
Liquidity Facility in such bankruptcy; any waiver of or consent to any departure from or failure to enforce any other guarantee for any or all of MSSF’s payment 

 
obligations under the Liquidity Facility; or any change in or amendment to the Liquidity Facility; or any waiver or consent by the Borrower with respect to
any provisions of the Liquidity Facility; or the absence of any action to enforce the Liquidity Facility, or the recovery of any judgment against MSSF or of any action to enforce a judgment against MSSF under the Liquidity Facility; or any similar
circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. 
 MS hereby waives diligence, presentment,
demand on MSSF for payment or otherwise, filing of claims, requirement of a prior proceeding against MSSF and protest or notice, except as provided for in the Liquidity Facility with respect to amounts payable by MSSF thereunder. If at any time
payment under the Liquidity Facility is rescinded or must be otherwise restored or returned by the Borrower upon the insolvency, bankruptcy or reorganization of MSSF or MS or otherwise, MS’s obligations hereunder with respect to such payment
shall be reinstated upon such restoration or return being made by the Borrower as though such payment had not been made. 
 MS represents to the Borrower, as
of the Effective Date, that: 
  

	1.	it is duly organized and validly existing under the laws of the jurisdiction of its incorporation and has full power and legal right to execute and deliver this Guarantee and to
perform the provisions of this Guarantee on its part to be performed; 

  

	2.	its execution, delivery and performance of this Guarantee have been and remain duly authorized by all necessary corporate action and do not contravene any provision of its
certificate of incorporation or by-laws or any law, regulation or contractual restriction binding on it or its assets; 

  

	3.	all consents, authorizations, approvals and clearances (including, without limitation, any necessary exchange control approval) and notifications, reports and registrations
requisite for its due execution, delivery and performance of this Guarantee have been obtained from or, as the case may be, filed with the relevant governmental authorities having jurisdiction and remain in full force and effect and all conditions
thereof have been duly complied with and no other action by, and no notice to or filing with, any governmental authority having jurisdiction is required for such execution, delivery or performance; and 

  

	4.	this Guarantee is its legal, valid and binding obligation enforceable against it in accordance with its terms except as enforcement hereof may be limited by applicable bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights or by general equity principles. 

 This
Guarantee may not be amended, modified, or waived except in writing executed by each of MS and the Borrower. 
 MS agrees that its obligations hereunder
shall not be subject to offset or counterclaim (all of which are expressly waived by MS). 

 This Guarantee is a guarantee of payment and not of collection. This Guarantee shall continue to be effective if MS
merges or consolidates with or into another entity, loses its separate legal identity or ceases to exist. The rights and obligations of MS under this Guarantee shall inure to the benefit of, and be binding upon, its successors and permitted assigns.
However, MS hereby agrees that, other than as a result of a merger or consolidation or the sale of substantially all of the assets of MS in which the surviving entity assumes the obligations of MS, it shall not assign this Guarantee and all
obligations arising from this Guarantee without prior written consent of the Borrower, such consent not to be unreasonably withheld. 
 By accepting this
Guarantee and entering into the Liquidity Facility, the Borrower agrees that MS shall be subrogated to all rights of the Borrower against MSSF in respect of any amounts paid in respect of the Liquidity Facility by MS pursuant to this Guarantee,
provided that MS shall be entitled to enforce or to receive any payment arising out of or based upon such right of subrogation with respect to the Liquidity Facility only to the extent that it has paid all amounts payable by MSSF under the Liquidity
Facility; and provided further that nothing in this paragraph shall affect the payment obligations of MS under this Guarantee. 
 This Guarantee shall be
governed by and construed in accordance with the laws of the State of New York. All capitalized terms not otherwise defined herein shall have the respective meanings assigned to them in the Liquidity Facility. 
 MORGAN STANLEY 
  

			
	By:	 	 /s/ Kevin P. Mooney

	Name:	 	Kevin P. Mooney
	Title:	 	Authorized Signatory
	Address:	 	1585 Broadway
		 	New York, NY 10036
		 	Attention: Treasurer
		 	Fax: (212) 762-0337

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