Document:

Exhibit 10.5

Exhibit 10.5

			
	 	 	 
	CONFIDENTIAL
	 	EXECUTION COPY

AMENDMENT NO. 7

TO

AMERICA WEST CO-BRANDED CARD AGREEMENT

THIS AMENDMENT NO. 7 TO AMERICA WEST CO-BRANDED CARD AGREEMENT (“Amendment No. 7”) is dated
February 17, 2009 (“Effective Date”), by and between US AIRWAYS GROUP, INC., a Delaware corporation
(“US Airways Group”), and BARCLAYS BANK DELAWARE formerly known as JUNIPER BANK (“Juniper Bank”).

RECITALS

WHEREAS, America West Airlines, Inc. (“America West”) and Juniper Bank are parties to that
certain America West Co-Branded Card Agreement, dated January 25, 2005 (the “Original Agreement”);

WHEREAS, US Airways Group merged with America West’s parent company, America West Holdings
Corporation, and America West assigned its rights and obligations under the Original Agreement to
US Airways Group pursuant to that certain Assignment and First Amendment to America West Co-Branded
Card Agreement, dated August 8, 2005 (the “First Amendment”), as amended by that certain Amendment
No. 2 to America West Co-Branded Card Agreement, dated September 26, 2005 (the “Second Amendment”),
as amended by that certain Amendment No. 3 to America West Co-Branded Card Agreement, dated
December 29, 2006 (the “Third Amendment”), as amended by that certain Amendment No. 4 to America
West Co-Branded Card Agreement, dated December 5, 2007, (the “Fourth Amendment”), as amended by
that certain Amendment No. 5 to America West Co-Branded Card Agreement, dated August 28, 2008 (the
“Fifth Amendment”) and as amended by that certain Amendment No. 6 to America West Co-Branded Card
Agreement, dated October 17, 2008 (the “Sixth Amendment” and together with the First Amendment,
Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment and the Original Agreement,
the “Agreement”);

WHEREAS, the overall global economic downturn has driven a rapid decline in fuel prices
causing airlines, including US Airways Group, to post significant amounts of collateral with their
fuel hedging counterparties impacting airlines’ unrestricted cash positions; and

WHEREAS, US Airways Group and Juniper Bank agree to amend and modify certain terms of the
Agreement to address such fuel price effects.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree
as follows:

1. Definitions. All capitalized terms used herein, but not otherwise defined herein, shall have
the meanings given to such terms in the Agreement.

 
 
**Confidential Treatment Requested.

 

 

			
	 	 	 
	CONFIDENTIAL
	 	EXECUTION COPY

2. Amendment. Section 14.3.1 of the Agreement is deleted in its entirety and replaced with the
following:

“14.3.1 Conditions Precedent. Juniper Bank’s obligations to make a
Subsequent Purchase each month pursuant to Section 14.3 will only arise upon
and are subject to the satisfaction or waiver of the following conditions
(“Conditions Precedent”) each month prior to the month in which the Subsequent
Purchase is to be made:

	 	(i)	 	US Airways Group’s Unrestricted
Cash shall be equal to or greater than $1.5 billion as measured
at the end of each month and ** pre-tax income
(excluding special items) measured ** (“Income Test”); provided,
however, for the months of January 2009 and February 2009, US
Airways Group’s Unrestricted Cash shall be equal to or greater
than $1.4 billion and $1.45 billion, respectively **.

	 
	 	 	 	For the purposes of this Section 14.3.1(i), the
calculation of Unrestricted Cash will include Collateral for
fuel hedge contracts **. By way of example, if October is
being measured for November’s Subsequent Purchase, US Airways
Group’s Unrestricted Cash (including the fuel hedge
contracts) will be measured as of October 31st **.

	 
	 	 	 	If US Airways Group’s Unrestricted Cash falls below $1.5
billion in any month (other than January 2009 and February
2009) but the Income Test is met, then Juniper Bank will be
required to purchase the additional Pre-Purchased Miles for
such month **.

	 
	 	 	 	By way of example, if US Airways Group’s Unrestricted Cash
falls below $1.5 billion in May but the Income Test is met,
then Juniper Bank will purchase the additional Pre-Purchased
Miles for such month. **.

	 
	 	(ii)	 	No Suspension Event has occurred
in the month being measured.

	 
	 	(iii)	 	No Early Payment Event has
occurred in the month being measured.

	 
	 	(iv)	 	No material change shall have
occurred to the ** card benefits as set forth in Exhibit
E, except as permitted pursuant to such Exhibit E.

**Confidential Treatment Requested.

 

2

 

			
	 	 	 
	CONFIDENTIAL
	 	EXECUTION COPY

	 	(v)	 	No merger of US Airways Group has
occurred pursuant to Section 4.9.

	 
	 	(vi)	 	US Airways Group shall have
complied with the reporting requirements set forth in
Section 17 for the month being measured.”

3. Effectiveness. This Amendment No. 7 shall be effective on the Effective Date.

4. Effect. Except as set forth in this Amendment No. 7, the Agreement shall remain in full force
and effect and each of US Airways Group and Juniper Bank hereby restates and affirms all of the
terms and provisions of the Agreement. If any conflict exists between the terms and provisions of
the Agreement and this Amendment No. 7, the terms and provisions of this Amendment No. 7 will
govern and control.

5. Entire Agreement. The Agreement, as amended by this Amendment No. 7, constitutes the entire
agreement between the parties with respect to the subject matter hereof and supersedes all prior
understandings with respect thereto.

6. Counterparts. This Amendment No. 7 may be executed in any number of counterparts, each of which
shall be deemed an original and all of which when taken together shall constitute one and the same
instrument. Delivery of an executed counterpart signature page by facsimile shall be effective as
a manually executed signature page.

**Confidential Treatment Requested.

 

3

 

			
	 	 	 
	CONFIDENTIAL
	 	EXECUTION COPY

IN WITNESS WHEREOF, Juniper Bank and US Airways Group have executed and delivered this
Amendment No. 7 as of the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	US AIRWAYS GROUP, INC.	 	 	 	BARCLAYS BANK DELAWARE

Formerly known as

JUNIPER BANK	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Derek J. Kerr
 

Derek J. Kerr
	 	 
	 	By:
	 	/s/ Lloyd M. Wirshba
 

Lloyd M. Wirshba
	 	 
	 

	 	Title: Executive Vice President

         and Chief Financial Officer
	 	 	 	 	 	Title: CEO	 	 

**Confidential Treatment Requested.Exhibit 10.6

Exhibit 10.6

Execution Version

AMENDMENT NO. 2

TO

LOAN AGREEMENT [SPARE PARTS]

THIS AMENDMENT NO. 2 TO LOAN AGREEMENT [SPARE PARTS] (this “Amendment”) is entered
into as of this 15th day of January 2009 among US AIRWAYS, INC., a Delaware corporation (the
“Borrower”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as Administrative Agent
for the Lenders (the “Administrative Agent”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware
corporation, as the Collateral Agent (the “Collateral Agent”), GENERAL ELECTRIC CAPITAL
CORPORATION, as the Original Lender (herein called the “Original Lender”), and such other
lenders as may from time to time become party to the Loan Agreement (as hereinafter defined)
(together with the Original Lender, the “Lenders”).

RECITALS:

A. The Borrower, the Administrative Agent, the Lenders and the Collateral Agent have
heretofore executed and delivered a Loan Agreement [Spare Parts] dated as of October 20, 2008, as
amended by that certain Amendment No. 1 to Loan Agreement [Spare Parts] dated as of December 5,
2008 (such agreement as so amended, but prior to the effectiveness of this Amendment, is referred
to herein as the “Original Loan Agreement”).

B. The Borrower has requested that the Original Loan Agreement be further amended in order to
**.

C. The Administrative Agent, the Lenders and the Collateral Agent are willing to amend the
Original Loan Agreement on the terms and conditions set forth herein.

In consideration of the premises and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto agree as follows:

Section 1. Amendments.

A. Section 1.1(c) of the Original Loan Agreement is hereby amended by adding the following as
a new subpagraph (iii) thereof:

“(iii) ** the Borrower may prepay, without premium or penalty, the New Loans, in whole
or in part, at any time during the period beginning on ** on any Business Day (a “New
Loan Prepayment Date”) designated by the Borrower in a written notice to the
Administrative Agent not less than three (3) Business Days’ prior to the date so designated;
provided, however, that (x) no partial prepayment of the New Loans shall be for less than **
of principal, and (y) no prepayment of any New Loan (or any portion thereof) pursuant to
this sentence may be made without **. If the Borrower elects to
prepay the New Loans in whole or in part pursuant to the previous sentence, ** the
Borrower shall pay on the New Loan Prepayment Date to the Administrative Agent, for the
account of such holders of New Loans that consent to such prepayment, the principal amount
specified to be prepaid in the applicable notice of prepayment together with all accrued and
unpaid interest thereon, any **, and all other amounts then due and payable under the
Transaction Documents. Prepayments in part (other than the Special Prepayment and
prepayments pursuant to Section 1.1(c)(ii) above and Section 1.7(f) below) pursuant to this
Section 1.1(c)(iii) shall be applied to principal **, and all payments made by the Borrower
pursuant to this Section 1.1(c)(iii) shall be applied**.”

**Confidential Treatment Requested.

 

 

 

B. Section 1.1(f) of the Original Loan Agreement is hereby amended by amending the
parenthetical clause that appears on the second and third lines thereof to read in full as follows:

“(including, but not limited to, as otherwise specified in Sections 1.1(a)(2),
1.1(c)(ii) and 1.1(c)(iii) above)”

C. Section 9.1 of the Original Loan Agreement is hereby amended to read in its entirety as
follows:

“Section 9.1. Amendments. Except as otherwise provided for in the Syndication
Agreement, neither this Agreement nor any other Transaction Document nor any terms hereof or
thereof may be changed, waived, discharged or terminated (excluding any Mortgage Supplement
contemplated by the Mortgage) unless such change, waiver, discharge or termination is in
writing signed by the Borrower and the Required Lenders; provided that (a) no change,
waiver, discharge or termination shall, unless in writing and signed by all of the Lenders,
(i) ** or (ii) ** provided further that (b) no such change, waiver, discharge or termination
shall, without the consent of each Lender affected thereby, (i) ** (ii) extend the final
scheduled maturity of the Loan or any Note, or reduce the rate or extend the time of payment
of interest or fees thereon, or reduce the principal amount thereof, (iii) ** (iv) **(v)
amend, modify or waive any provision of Section 1.1(f) of this Agreement, this Section 9.1
or Section 4.04 of the Mortgage, (vi) ** (vii) consent to the assignment or transfer by the
Borrower of any of its rights and obligations under this Agreement or (viii) impair any
indemnity under a Transaction Document in favor of such Lender; provided, further, that no
such change, waiver, discharge or termination shall without the consent of a Transaction
Agent, amend, modify or waive any provision of Article VIII as same applies to such
Transaction Agent or any other provision as same relates to the rights or obligations of
such Transaction Agent. Solely for the benefit of the Lenders from time to time party
hereto, the Collateral Agent hereby agrees that it shall (i) not amend the ** without the
consent of the Required Lenders and (ii) not modify the provisions of the ** referenced in
Section 8(i) of the ** as requiring the consent of each “Senior Lender” affected thereby
without the consent of the Lender(s) affected thereby.

**Confidential Treatment Requested.

 

2

 

D. The following terms are either added to Schedule 1 to the Original Loan Agreement, or, if
already appearing therein, are amended to read in full as follows:

“Excluded Tax” of a Person means (A) any Tax imposed on all or part of the income,
profits or gains (whether worldwide, or only insofar as such income, profits or gains are
considered to arise in or to relate to a particular jurisdiction) of that Person, any
franchise, doing business, net worth or capital-based Tax imposed on that Person, and any
intangibles Tax or similar Tax imposed on the principal amount or value of the Loans, by any
jurisdiction (including the United States) (i) in which that Person is organized, (ii) in
which that Person’s principal office or applicable Lending Office is located, or (iii) in
which that Person is subject to such Tax as a result of that Person doing business unrelated
to making a Loan under this Agreement, (B) any Tax imposed on a transferee (including a
Participant) of a Lender or on payments to a transferee to the extent that, under applicable
law in effect on the date of the transfer to such transferee, the amount of such Taxes
exceeds the amount of such Taxes that would have been imposed on the transferor to such
transferee or on payments to such transferor and indemnified against hereunder (with
appropriate adjustment to reflect the amount of the Loan acquired by such transferee) or (C)
any Tax to the extent that liability for such Tax is caused by, and would not have been
incurred but for, (i) the gross negligence or willful misconduct of such Person or a
“related” Indemnitee (as defined in Section 5.5(a)) or (ii) the inaccuracy of any
representation of such Person in any Transaction Document or (iii) the breach by such Person
of any of its obligations under Section 5.3(c)(i). For the avoidance of doubt, it is
expressly agreed that (x) no New Lender shall be deemed a transferee of the Original Lender
(or any other Lender) for purposes of subclause (B) in this definition of “Excluded Tax,”
but that (y) such subclause (B) shall apply to any transferee (including any Participant)
that receives any interest in the Loan from any New Lender.

“New Loan Prepayment Date” has the meaning set forth in Section 1.1(c)(iii).”

E. The following terms in Part 1 of Schedule 3 to the Original Loan Agreement are amended in
full to read as follows:

““Maximum Collateral Ratio” means, as of any date of determination, **”

“Maximum
Rotables and Key Repairables Ratio” means, as of any date of determination, **”.

““Required Collateral Amount” means, as of any date of determination, **”.

F. Part 2 of Schedule 3 (Amortization of the Loan) to the Loan Agreement is amended by
replacing the text “Assumes **” in full with the text “Assumes **”.

G. Part 2 of Schedule 3 (Amortization of the Loan) to the Loan Agreement is further
amended by replacing the text “Assumes **” in full with the text “Assumes **”.

**Confidential Treatment Requested.

 

3

 

Section 2. Miscellaneous.

A. Effectiveness: This Amendment shall become effective as of the date first above
written.

B. Limitation on Amendment: Except as expressly amended hereby, all terms and
provisions of the Loan Agreement remain in full force and effect and are hereby ratified and
confirmed.

C. Counterparts. This Amendment may be executed in any number of counterparts and by
the parties hereto on separate counterparts. All counterparts of this Amendment executed by the
parties hereto together shall constitute one instrument.

D. Governing Law. This Amendment is being delivered in the State of New York and
shall in all respects, including all matters of construction, validity and performance, be governed
by, and construed in accordance with, the laws of the State of New York.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

**Confidential Treatment Requested.

 

4

 

IN WITNESS WHEREOF, this Amendment No. 2 to Loan Agreement [Spare Parts] has been duly
executed and delivered all as of the date first above written.

	 	 	 	 	 
	 	US AIRWAYS, INC.

 	 
	 	By:  	/s/ Thomas T. Weir
 	 
	 	 	Name:  	Thomas T. Weir 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION

as the Administrative Agent, Collateral Agent and

Original Lender

 	 
	 	By:  	/s/ David J. Lloyd, Jr.
 	 
	 	 	Name:  	David J. Lloyd, Jr. 	 
	 	 	Title:  	Vice President 	 

 

-S-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]