Document:

Exhibit 4.1

 

 

 

FIFTH SUPPLEMENTAL INDENTURE

Dated as of March 19, 2012

 

to the

 

INDENTURE

Dated as of August 1, 2006

 

Between

 

INTERNATIONAL LEASE FINANCE CORPORATION

 

and

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

 

 

 

 

This FIFTH SUPPLEMENTAL INDENTURE, dated as of March 19, 2012 (this “Supplemental Indenture”) between International Lease Finance Corporation, a corporation duly organized and existing under the laws of the State of California (herein called the “Company”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as Trustee (herein called the “Trustee”).

 

RECITALS

 

WHEREAS, the Company and the Trustee have heretofore executed and delivered an indenture, dated as of August 1, 2006, as supplemented by the First Supplemental Indenture, dated as of August 20, 2010, the Second Supplemental Indenture, dated as of December 7, 2010, the Third Supplemental Indenture, dated as of May 24, 2011, and the Fourth Supplemental Indenture, dated as of December 22, 2011 (as supplemented, the “Indenture”), providing for the issuance from time to time of its Securities, to be issued in one or more series as provided in the Indenture;

 

WHEREAS, the Company has authorized the issuance of $750,000,000 aggregate principal amount of 4.875% Senior Notes due 2015 (the “2015 Notes”) and $750,000,000 aggregate principal amount of 5.875% Senior Notes due 2019 (the “2019 Notes” and, together with the 2015 Notes, the “Notes”) pursuant to an Officers’ Certificate under Section 301 of the Indenture;

 

WHEREAS, Sections 901(4) and 901(5) of the Indenture provides that without the consent of the Holders, the Company and the Trustee may add to, change or eliminate any of the provisions of the Indenture in respect of one or more series of Securities, subject to certain requirements;

 

WHEREAS, pursuant to Sections 901(4) and 901(5) of the Indenture, the Company and the Trustee wish to amend the Indenture solely with respect to certain provisions of the Notes and no other series of Securities issued under the Indenture; and

 

WHEREAS, all conditions precedent provided for in Section 901 of the Indenture with respect to the execution of this Supplemental Indenture have been complied with.

 

NOW, THEREFORE, in consideration of the foregoing, the Company and the Trustee agree as follows:

 

1.              Definitions.  All capitalized terms used herein and not defined shall have the meanings set forth in the Indenture.

 

2.              Amendment of Section 506 of the Indenture.  The Indenture, solely with respect to the Notes, is hereby supplemented by adding the words “and property” after “Any money” in the first sentence of Section 506, deleting the period at the end of Section 506, replacing such period with “; and,” and adding the following:

 

“THIRD: If any funds shall be left remaining, to the Company.”

 

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3.              Amendment of Section 704 of the Indenture.  The Indenture, solely with respect to the Notes, is hereby supplemented by replacing the introductory phrase to Section 704(1) “deliver to the Trustee, within 15 days after the Company files” with “deliver to the Trustee, within 15 days after the Company is required to file,” and replacing the introductory phrase to Section 704(4) “furnish to the Trustee, no less often than annually” with “furnish to the Trustee, within 120 days of the end of each fiscal year of the Company”.

 

4.              Amendment of Section 902 of the Indenture.  The Indenture, solely with respect to the Notes, is hereby supplemented by adding to the end of Section 902(2) “amend, change or modify any provision of this Indenture affecting the ranking of any Outstanding Security in a manner adverse to the Holders of each Outstanding Security affected thereby, or”.

 

5.              Ratification.  Except as hereby expressly amended, the Indenture is in all respects ratified and confirmed and all the terms, provisions and conditions thereof shall be and remain in full force and effect.

 

6.              Conflict with Trust Indenture Act.  If any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision hereof which is required to be included in this Supplemental Indenture by any of the provisions of the Trust Indenture Act or which is automatically deemed included in this Supplemental Indenture by any of the provisions of the Trust Indenture Act, such required or automatically included provision shall control.

 

7.              Separability.  In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

8.              Effect of Headings.  The section headings herein are for convenience only and shall not affect the construction hereof.

 

9.              Benefits of this Supplemental Indenture.  Nothing in this Supplemental Indenture, express or implied, shall give to any Person, other than the parties to the Supplemental Indenture and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.

 

10.       Successors and Assigns.  All covenants and agreements in this Supplemental Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

 

11.       Governing Law.  This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York without regard to its conflict of law principles (except Sections 5-1401 and 5-1402 of the New York General Obligations Law).

 

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12.       Counterparts.  This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Supplemental Indenture.

 

[Remainder of page intentionally left blank.]

 

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

 

 

	
 
    	
 
    	
INTERNATIONAL   LEASE FINANCE CORPORATION
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Frederick S. Cromer
    
	
 
    	
 
    	
Name:
    	
Frederick   S. Cromer
    
	
 
    	
 
    	
Title:
    	
President
    
	
 
    	
 
    	
 
    	
 
    
	
Attest:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/   Pamela S. Hendry
    	
 
    	
 
    	
 
    
	
Name:
    	
Pamela   S. Hendry
    	
 
    	
 
    	
 
    
	
Title:
    	
Senior   Vice President, Treasurer and
    	
 
    	
 
    	
 
    
	
 
    	
Assistant   Secretary
    	
 
    	
 
    	
 
    

 

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DEUTSCHE   BANK TRUST COMPANY
    
	
 
    	
 
    	
 
    	
AMERICAS,
    
	
 
    	
 
    	
 
    	
as   Trustee
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
By:
    	
/s/   Carol Ng
    
	
 
    	
 
    	
 
    	
 
    	
Name:
    	
Carol   Ng
    
	
 
    	
 
    	
 
    	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
By:
    	
/s/   Aldrin M.F. Bayne
    
	
 
    	
 
    	
 
    	
 
    	
Name:
    	
Aldrin   M.F. Bayne
    
	
 
    	
 
    	
 
    	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Attest:
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/   Li Jiang
    	
 
    	
 
    	
 
    	
 
    
	
Name:
    	
Li   Jiang
    	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
AssociateExhibit 4.2

 

International Lease Finance Corporation

Officers’ Certificate

 

 

March 19, 2012

 

The undersigned, Frederick S. Cromer and Pamela S. Hendry, do hereby certify that they are the duly appointed and acting President and the duly appointed and acting Senior Vice President, Treasurer and Assistant Secretary, respectively, of International Lease Finance Corporation, a California corporation (the “Company”).  Each of the undersigned also hereby certifies, in such person’s capacity as such officer of the Company, pursuant to Sections 301 and 303 of the Indenture, dated as of August 1, 2006, as supplemented by the First Supplemental Indenture, dated as of August 20, 2010, the Second Supplemental Indenture, dated as of December 7, 2010, the Third Supplemental Indenture, dated as of May 24, 2011, the Fourth Supplemental Indenture, dated as of December 22, 2011, and the Fifth Supplemental Indenture (the “Fifth Supplemental Indenture”), dated as of March 19, 2012 (as supplemented, the “Indenture”), each between the Company and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), that:

 

A.                There has been established pursuant to resolutions duly adopted by the Board of Directors of the Company, or a committee thereof (a copy of such resolutions is attached hereto as Exhibit A) the following series of Securities (as that term is defined in the Indenture) to be issued under the Indenture, as follows:

 

a.               $750,000,000 aggregate principal amount of the 4.875% Senior Notes due 2015 (the “2015 Notes”); and

 

b.              $750,000,000 aggregate principal amount of the 5.875% Senior Notes due 2019 (the “2019 Notes”, and together with the 2015 Notes, the “Notes”);

 

B.             The terms of the Notes shall be as follows:

 

(1)                               the title of the 2015 Notes is “4.875% Senior Notes due 2015” and the title of the 2019 Notes is “5.875% Senior Notes due 2019.”;

 

(2)                               the initial aggregate principal amount of the 2015 Notes which may be authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of the series pursuant to Section 304, 305, 306, 906 or 1107 of the Indenture and except for any Notes which, pursuant to Section 303 of the Indenture, shall not have been issued and sold by the Company and are therefore deemed never to have been authenticated and delivered hereunder) is $750,000,000; the Company may, from time to time, without the consent of the holders of the Notes, issue additional Securities having the same ranking, interest rate, maturity and other terms as the Notes;

 

(3)                               the initial aggregate principal amount of the 2019 Notes which may be authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of the series pursuant to Section 304, 305, 306, 906 or 1107 of the Indenture and except for any Notes which, pursuant to Section 303 of the Indenture, shall not have been issued and sold by the Company and are therefore deemed never to have been authenticated and delivered hereunder) is $750,000,000; the Company may, from time to time, without the consent of the holders of the Notes, issue additional Securities having the same ranking, interest rate, maturity and other terms as the Notes;

 

 

(4)                               (a) the principal of the 2015 Notes is payable in full on April 1, 2015;

 

(b) the principal of the 2019 Notes is payable in full on April 1, 2019;

 

(4)                               the 2015 Notes will bear interest at a rate of 4.875% per year and the 2019 Notes will bear interest at a rate of 5.875% per year, and both the 2015 Notes and the 2019 Notes will be payable semi-annually, in cash in arrears, on April 1 and October 1 of each year, beginning on October 1, 2012, to the persons in whose name the respective Notes are registered at the close of business on the immediately preceding March 15 and September 15, respectively. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months; interest on the Notes will accrue from and including the date the Notes are issued (the “issue date”) or from and including the most recent interest payment date (whether or not such interest payment date was a business day) for which interest has been paid or provided for to but excluding the relevant interest payment date; if an interest payment date falls on a day that is not a Business Day, the interest payment will be postponed to the next succeeding Business Day, with the same force and effect as if made on the date such payment was due, and no interest will accrue as a result of such delay;

 

(5)                               all payments in respect of a certificated Note (including principal and interest) shall be made at the office of the Trustee, except that, at the option of the Company, payment of interest may be made by mailing a check to the registered address of each Holder thereof; provided, however, that payments on the Notes may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of 2015 Notes or $1,000,000 aggregate principal amount of 2019 Notes, by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion);

 

(6)                               the Notes are not subject to redemption prior to their stated maturity;

 

(7)                               the Notes are not subject to any mandatory sinking fund;

 

(8)                               the Notes will be issued only in fully registered book-entry form without coupons only in minimum denominations of $2,000 principal amount and integral multiples of $1,000 above that amount; and

 

(9)                               the Notes shall be issued in the form of one or more Global Securities and will be registered in the name of a nominee of DTC, New York, New York. Such Global Securities may be exchanged in whole or in part for individual Securities only on the terms and conditions set forth in the Indenture.  The initial Depositary for such Global Securities shall be The Depository Trust Company.

 

C.             The form of the Global Securities is attached hereto as Exhibit B-1 and Exhibit B-2 for the 2015 Notes and 2019 Notes, respectively.

 

The foregoing form and terms of the Securities have been established in conformity with the provisions of the Indenture.

 

E.              Each of the undersigned has read the provisions of Sections 301 and 303 of the Indenture and the definitions relating thereto and the resolutions adopted by the Directors of the Company and delivered herewith.  In the opinion of each of the undersigned, he or she has made such examination or

 

 

investigation as is necessary to enable him or her to express an informed opinion as to whether or not all conditions precedent to be satisfied by the Company provided in the Indenture relating to the establishment, authentication and delivery by the Trustee of a series of Securities under the Indenture, designated as the Securities in this Officers’ Certificate, and the execution of the Fifth Supplemental Indenture have been complied with.  In the opinion of each of the undersigned, all such conditions precedent to be satisfied by the Company have been complied with.

 

The undersigned Secretary, by execution of this Certificate, thereby certifies the actions taken by the Board of Directors of the Company in authorizing and approving the specific terms of the Securities.

 

Capitalized terms herein not defined herein shall have the meanings assigned to such terms in the Indenture.

 

[Signature page follows.]

 

 

IN WITNESS WHEREOF, the undersigned have signed this Officers’ Certificate as of the date first written above.

 

 

	
 
    	
 
    	
 
    	
By:
    	
/s/ Frederick S. Cromer
    
	
 
    	
 
    	
 
    	
 
    	
Name: Frederick S. Cromer
    
	
 
    	
 
    	
 
    	
 
    	
Title: President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
By:
    	
/s/ Pamela S. Hendry
    
	
 
    	
 
    	
 
    	
 
    	
Name: Pamela S. Hendry
    
	
 
    	
 
    	
 
    	
 
    	
Title: Senior Vice President, Treasurer
    
	
 
    	
 
    	
 
    	
 
    	
and Assistant Secretary

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