Document:

EX-4.2.1

 Exhibit 4.2.1 
  

 
  

CAPITAL ONE MULTI-ASSET EXECUTION TRUST 

as Issuer 
 and 

THE BANK OF NEW YORK MELLON 

as Indenture Trustee 
 CLASS A(2018-2) TERMS DOCUMENT 
 dated as of May 16, 2018 

TO 
 CARD SERIES INDENTURE
SUPPLEMENT 
 dated as of October 9, 2002, 

as amended and restated as of March 17, 2016 

TO 
 ASSET POOL 1 SUPPLEMENT

 dated as of October 9, 2002, 

as amended by the First Amendment thereto dated as of March 1, 2008 

to 
 INDENTURE 

dated as of October 9, 2002, as amended and restated as of January 13, 2006, 

and March 17, 2016 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	 Definitions and Other Provisions of General Application
	  	 	1	 
			
	 Section 1.01.
	 	 Definitions
	  	 	1	 
	 Section 1.02.
	 	 Governing Law
	  	 	7	 
	 Section 1.03.
	 	 Counterparts
	  	 	7	 
	 Section 1.04.
	 	 Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement
	  	 	8	 
			
	 ARTICLE II
	 	 The Class A(2018-2) Notes
	  	 	9	 
			
	 Section 2.01.
	 	 Creation and Designation
	  	 	9	 
	 Section 2.02.
	 	 Adjustments to Required Subordinated Percentages
	  	 	9	 
	 Section 2.03.
	 	 Interest Payment
	  	 	9	 
	 Section 2.04.
	 	 Calculation Agent; Determination of LIBOR
	  	 	10	 
	 Section 2.05.
	 	 Payments of Interest and Principal
	  	 	11	 
	 Section 2.06.
	 	 Form of Delivery of Class A(2018-2) Notes;
Depository; Denominations
	  	 	11	 
	 Section 2.07.
	 	 Delivery and Payment for the Class A(2018-2)
Notes
	  	 	11	 
	 Section 2.08.
	 	 Targeted Deposits to the Accumulation Reserve Account
	  	 	12	 

  
 i 

 THIS CLASS A(2018-2) TERMS DOCUMENT (this
“Terms Document”), by and between CAPITAL ONE MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its
principal office at E. A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road, Wilmington, DE 19805 and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee (the “Indenture
Trustee”), is made and entered into as of May 16, 2018. 
 Pursuant to this Terms Document, the Issuer shall create a new
tranche of Class A Notes and shall specify the principal terms thereof. 
 ARTICLE I 

Definitions and Other Provisions of General Application 

Section 1.01. Definitions. For all purposes of this Terms Document, except as otherwise expressly provided or unless the
context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

 

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings assigned to them therein;

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein expressly provided, the term
“generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date of such computation;

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Terms Document;

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular Article, Section or other subdivision;

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1 Supplement, the Indenture or the
Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  
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	 	(7)	each capitalized term defined herein shall relate only to the Class A(2018-2) Notes and no other Tranche of Notes issued by the Issuer; and 

 

	 	(1)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

“Accumulation Period Amount” means $33,333,333.34; provided, however, if the Accumulation Period Length is
determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period
Amount” in the Indenture Supplement. 
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation
Period Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three
(3) calendar months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the
Class A(2018-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Distribution Date following and including the
April 2021 Distribution Date for which the Quarterly Excess Spread Percentage is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 12 months prior to the first Distribution Date
for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class A(2018-2) Notes pursuant to Section 3.10(b) of the
Indenture Supplement, (iii) the Monthly Period following the first Distribution Date following and including the October 2021 Distribution Date for which the Quarterly Excess Spread Percentage is less than 3%, but in such event the
Accumulation Reserve Funding Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding
sub-Account for the Class A(2018-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period
following the first Distribution Date following and including the December 2021 Distribution Date for which the Quarterly Excess Spread Percentage is less than 4%, but in such event the Accumulation Reserve Funding Period shall not be required to
commence earlier than 4 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the
Class A(2018-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the Monthly Period preceding the
earlier to occur of (i) the Expected Principal Payment Date for the Class A(2018-2) Notes and (ii) the date on which the Class A(2018-2) Notes are
paid in full. 
 “Asset Pool 1 Supplement” means the Asset Pool 1 Supplement dated as of October 9, 2002, as amended
by the First Amendment thereto, dated as of March 1, 2008, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 

  
 2 

 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the
Card Series Servicing Fee Percentage and (b) the weighted average (based on the Outstanding Dollar Principal Amount of the related Card Series Notes) of the following: 

(i)    in the case of a Tranche of Card Series Dollar
Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card
Series Dollar Interest-bearing Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing
Notes in the following Monthly Period; 
 (ii)    in the case of a Tranche of Card Series Discount Notes,
the rate of accretion (converted to an accrual rate) of such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in such Monthly Period to but excluding the Monthly Interest
Accrual Date for such Tranche of Card Series Discount Notes in the following Monthly Period; 

(iii)    in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest,
the rate at which payments by the Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series
Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however, that in the case of a Tranche of Card Series Notes with a Performing Derivative
Agreement for interest in which the rating on such Tranche of Card Series Notes is not dependent upon the rating of the applicable Derivative Counterparty, the amount determined pursuant to this clause (iii) will be the higher of (1) the
rate determined pursuant to this clause (iii) above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to
but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; and 

(iv)    in the case of a tranche of Card Series Notes with a
non-Performing Derivative Agreement for interest, the rate specified for that date in the related Terms Document. 

“Calculation Agent” is defined in Section 2.04(a). 

“Class A(2018-2) Adverse Event” means the occurrence of any of the
following: (a) an Early Redemption Event with respect to the Class A(2018-2) Notes or (b) an Event of Default and acceleration of the Class A(2018-2)
Notes. 
 “Class A(2018-2) Note” means any Note, substantially
in the form set forth in Exhibit A-2 to the Indenture Supplement, designated therein as a Class A(2018-2) Note and duly executed and authenticated in
accordance with the Indenture. 
 “Class A(2018-2) Noteholder”
means a Person in whose name a Class A(2018-2) Note is registered in the Note Register. 

  
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 “Class A(2018-2) Termination
Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2018-2) Notes is paid in full, (b) the Legal Maturity
Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof. 
 “Excess
Spread Percentage” shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period. 

“Expected Principal Payment Date” means May 15, 2023. 

“Initial Dollar Principal Amount” means $400,000,000. 

“Indenture” means the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006, and
March 17, 2016, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 

“Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated
as of March 17, 2016, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 

“Interest Payment Date” means the fifteenth day of each month, commencing in June 2018, or if such fifteenth day is not
a Business Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest Payment Date,
the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date. 

“Issuance Date” means May 16, 2018. 

“Legal Maturity Date” means March 16, 2026. 

“LIBOR” means, for any Interest Period, the London interbank offered rate for
one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for such Interest Period in accordance with the provisions of Section 2.04.

 “LIBOR Determination Date” means May 14, 2018 for the period from and including the Issuance Date to but excluding
June 15, 2018, and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 

“London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the
London interbank market. 
 “Maximum Subordination Amount of Class B Notes” means, for the Class A(2018-2) Notes for any date of determination, an amount equal to the product of (a) 

  
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Adjusted Outstanding Dollar Principal Amount of the Class A(2018-2) Notes on such date of determination and (b) the percentage equivalent of a
fraction, the numerator of which is 9 and the denominator of which is 79.00. 
 “Note Interest Rate” means a rate per annum
equal to 0.35% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period; provided, that if the rate per annum equal to 0.35% in excess of LIBOR is less than 0.00%,
then the Note Interest Rate for such Interest Period will be deemed to be 0.00%. 
 “Paying Agent” means The Bank of New
York Mellon. 
 “Portfolio Yield” means, with respect to any Monthly Period, the annualized percentage equivalent of a
fraction: 
 (a)    the numerator of which is equal to the sum of: 

(i)    the aggregate amount of Finance Charge Amounts allocated to the Card Series with respect to such
Monthly Period; plus 
 (ii)    the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly Period; plus 

(iii)    any amounts to be treated as Card Series Finance Charge Amounts pursuant to Sections
3.20(d) and 3.27(a) of the Indenture Supplement; minus 
 (iv)    the excess, if any,
of (1) the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over (2) the sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to
Sections 3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover earnings shortfalls on amounts in the Principal Funding sub-Account for any tranche of
Card Series Notes for such Monthly Period; minus 
 (v)    the Card Series Default Amount for such
Monthly Period; and 
 (b)    the denominator of which is the numerator used in the calculation of the Card Series
Floating Allocation Percentage for such Monthly Period. 
 “Quarterly Excess Spread Percentage” means, with respect to the
April 2021 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the
denominator of which is three. 
 “Record Date” means, for any Distribution Date, the last day of the preceding Monthly
Period. 

  
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 “Reference Banks” means four major banks in the London interbank market selected
by the Beneficiary. 
 “Required Accumulation Reserve sub-Account Amount”
means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2018-2) Notes as of the
close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided
prior written confirmation that a Ratings Effect will not occur with respect to such change. 
 “Required Subordinated Amount of
Class B Notes” means, for the Class A(2018-2) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of
Class B Notes for such Class A(2018-2) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such
Class A(2018-2) Notes on such date of determination; provided, however, that such an amount shall not exceed the Maximum Subordination Amount of Class B Notes for the Class A(2018-2) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a
Class A(2018-2) Adverse Event, the Required Subordinated Amount of Class B Notes for the Class A(2018-2) Notes will be the greater of (x) the amount
determined above for such date of determination and (y) the amount determined above for the date immediately prior to the date on which such Class A(2018-2) Adverse Event shall have occurred. 

“Required Subordinated Amount of Class C Notes” means, for the
Class A(2018-2) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such
Class A(2018-2) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2018-2) Notes on such date of
determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded
amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class A(2018-2) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class A(2018-2) Notes, minus
(ii) the Required Subordinated Amount of Class D Notes for the Class A(2018-2) Notes; provided further, however, that for any date of determination on or after the
occurrence and during the continuation of a Class A(2018-2) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2018-2) Notes
will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2018-2)
Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso. 

“Required Subordinated Amount of Class D Notes” means, for the
Class A(2018-2) Notes for any date of determination, an amount equal to the product of (a) the Required 

  
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Subordinated Percentage of Class D Notes for such Class A(2018-2) Notes on such date of determination and (b) the Adjusted Outstanding
Dollar Principal Amount of such Class A(2018-2) Notes on such date of determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for
any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any
Tranche of Card Series Notes, the Required Subordinated Amount of Class D Notes for the Class A(2018-2) Notes will not be less than an amount equal to 1.2049% of the Initial Dollar Principal Amount
of the Class A(2018-2) Notes, provided further, however, that for any date of determination on or after the occurrence and during the continuation of a
Class A(2018-2) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class A(2018-2) Notes will be the greatest of (x) the amount
determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2018-2) Adverse Event shall have occurred and
(z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding
sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso. 

“Required Subordinated Percentage of Class B Notes” means, for the
Class A(2018-2) Notes, 11.3925%, subject to adjustment in accordance with Section 2.02. 

“Required Subordinated Percentage of Class C Notes” means, for the
Class A(2018-2) Notes, 11.3925%, subject to adjustment in accordance with Section 2.02. 

“Required Subordinated Percentage of Class D Notes” means, for the
Class A(2018-2) Notes, 3.7975%, subject to adjustment in accordance with Section 2.02. 

“Reuters Screen LIBOR01 Page” means the display page currently so designated on the Reuters Monitor Money Rates (or such
other page as may replace that page on that service, or such other service as may be nominated as the information vendor, for the purpose of displaying comparable rates or prices). 

“Stated Principal Amount” means $400,000,000. 

Section 1.02. Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
 Section 1.03. Counterparts. This Terms Document may be executed in any number of
counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 

  
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 Section 1.04. Ratification of Indenture, Asset Pool 1 Supplement and Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool 1 Supplement as
so supplemented by the Indenture Supplement as so supplemented and this Terms Document shall be read, taken and construed as one and the same instrument. 

[END OF ARTICLE I] 

  
 8 

 ARTICLE II 

The Class A(2018-2) Notes 

Section 2.01. Creation and Designation. There is hereby created a tranche of Card Series Class A Notes to be issued
pursuant to the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class A(2018-2) Notes.” 

Section 2.02. Adjustments to Required Subordinated Percentages. 

(a)    On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes or the Required
Subordinated Percentage of Class C Notes, in each case for the Class A(2018-2) Notes, without the consent of any Noteholders or any Note Rating Agencies, provided that, after giving effect to such
change, (x) the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class A(2018-2) Notes after
giving effect to such change is equal to or greater than the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the
Class A(2018-2) Notes immediately prior to giving effect to such change and (y) the Required Subordinated Amount of Class B Notes for the
Class A(2018-2) Notes does not exceed the Maximum Subordinated Amount of Class B Notes. 

(b)    On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes, the Required
Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2018-2) Notes, such that after giving effect to all changes to
such percentages on such date the sum of the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes and the Required Subordinated Percentage of Class D Notes, in each case, for the Class A(2018-2) Notes after giving effect to such change is less than the sum of the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes and the
Required Subordinated Percentage of Class D Notes, in each case, for the Class A(2018-2) Notes immediately prior to giving effect to such change, without the consent of any Noteholders, provided that
the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a Ratings Effect with respect to any Outstanding Notes
and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 

Section 2.03. Interest Payment. 

(a)    For each Interest Payment Date, the amount of interest due with respect to the
Class A(2018-2) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is
360, times (B) the Note Interest Rate in effect with respect to such related Interest Period times (ii) the Outstanding Dollar Principal Amount of the Class A(2018-2) Notes determined as
of the Record Date preceding the related Distribution Date. Any interest on the Class A(2018-2) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. 

  
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 (b)    Pursuant to Section 3.03 of the Indenture
Supplement, on each Distribution Date, the Indenture Trustee shall deposit into the Class A(2018-2) Interest Funding sub-Account the portion of Card Series Finance
Charge Amounts allocable to the Class A(2018-2) Notes. 
 Section 2.04. Calculation
Agent; Determination of LIBOR. 
 (a)    The Issuer hereby agrees that for so long as any Class A(2018-2) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuer hereby initially appoints
the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is removed
by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or
its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a successor having been duly appointed. For the avoidance of doubt, Sections 703 and 707 of the Indenture shall inure to
the benefit of the Calculation Agent. 
 (b)    On each LIBOR Determination Date, the Calculation Agent shall determine
LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on such date. If such rate does not
appear on Reuters Screen LIBOR01 Page, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time,
on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its
rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of such quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will
be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. If LIBOR cannot be determined in accordance with these procedures, LIBOR will be the rate determined on the prior LIBOR Determination Date. 

(c)    The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be
obtained by telephoning the Indenture Trustee at its corporate trust office at (800) 254-2826 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written
notice by the Indenture Trustee to each Noteholder from time to time. 

  
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 (d)    On each LIBOR Determination Date, the Calculation Agent shall send to
the Indenture Trustee, the Issuer, the Beneficiary and the Servicer, by facsimile transmission or electronic transmission, notification of LIBOR for the following Interest Period. 

Section 2.05. Payments of Interest and Principal. 

(a)    Any installment of interest or principal, if any, payable on any
Class A(2018-2) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying
Agent to the Person in whose name such Class A(2018-2) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s
account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check
mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the
nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 

(b)    The right of the Class A(2018-2) Noteholders to receive payments from
the Issuer will terminate on the first Business Day following the Class A(2018-2) Termination Date. 

Section 2.06. Form of Delivery of Class A(2018-2) Notes; Depository;
Denominations. 
 (a)    The Class A(2018-2) Notes shall be delivered in
the form of a global Registered Note as provided in Sections 202 and 301(i) of the Indenture, respectively. 

(b)    The Depository for the Class A(2018-2) Notes shall be The Depository
Trust Company, and the Class A(2018-2) Notes shall initially be registered in the name of Cede & Co., its nominee. 

(c)    The Class A(2018-2) Notes will be issued in minimum denominations of
$1,000 and integral multiples of $1,000 in excess of that amount. 
 Section 2.07. Delivery and Payment for the Class A(2018-2) Notes. The Issuer shall execute and deliver the Class A(2018-2) Notes to the Indenture Trustee for authentication, and the Indenture Trustee
shall deliver the Class A(2018-2) Notes when authenticated, each in accordance with Section 303 of the Indenture. 

  
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 Section 2.08. Targeted Deposits to the Accumulation Reserve Account. The
deposit targeted to be made to the Accumulation Reserve Account for any Monthly Period during the Accumulation Reserve Funding Period will be an amount equal to the Required Accumulation Reserve sub-Account
Amount. 
 [END OF ARTICLE II] 

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

					
	 CAPITAL ONE MULTI-ASSET EXECUTION
TRUST,

		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity, but solely as Owner Trustee on behalf of the Trust
		
	By:	 	 /s/ Michele HY Voon

		 	Name:	 	Michele HY Voon
		 	Title:	 	Attorney-in-fact
		
	By:	 	 /s/ Susan Barstock

		 	Name:	 	Susan Barstock
		 	Title:	 	Attorney-in-fact
	
	 THE BANK OF NEW YORK MELLON, as Indenture Trustee and not in its individual
capacity

		
	By:	 	 /s/ Leslie Morales

		 	Name:	 	Leslie Morales
		 	Title:	 	Vice President

  
 [Class A(2018-2) Terms Document]EX-4.2

 Exhibit 4.2 

Execution Version 

TRUST SUPPLEMENT No. 2012-2C(R) 

Dated as of May 15, 2018 

between 
 AMERICAN AIRLINES, INC.

 and 
 WILMINGTON TRUST
COMPANY, 
 as Trustee, 
 to 

PASS THROUGH TRUST AGREEMENT 

Dated as of September 16, 2014 

$100,000,000 
 American Airlines,
Inc. Pass Through Trust 2012-2C(R) 
 4.700% American Airlines, Inc. Pass Through Certificates, Series
2012-2C(R) 

  
 Trust Supplement No. 2012-2C(R) 
 American Airlines Aircraft EETC 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I.	 
	THE CERTIFICATES	 
	Section 1.01	 	 The Certificates 
	  	 	2	 
	
	ARTICLE II.	 
	DEFINITIONS	 
	Section 2.01	 	 Definitions 
	  	 	5	 
	
	ARTICLE III.	 
	DISTRIBUTIONS; STATEMENTS TO CERTIFICATEHOLDERS	 
	Section 3.01	 	 Statements to Applicable Certificateholders
	  	 	10	 
	Section 3.02	 	 Certificate Account and Special Payments Account
	  	 	11	 
	Section 3.03	 	 Distributions from Special Payments Account
	  	 	12	 
	Section 3.04	 	 Limitation of Liability for Payments
	  	 	13	 
	
	ARTICLE IV.	 
	DEFAULT	 
	Section 4.01	 	 Purchase Rights of Certificateholders
	  	 	13	 
	Section 4.02	 	 Amendment of Section 6.05 of the Basic Agreement
	  	 	14	 
	
	ARTICLE V.	 
	THE TRUSTEE	 
	Section 5.01	 	 Delivery of Documents; Delivery Dates
	  	 	14	 
	Section 5.02	 	 Withdrawal of Deposits
	  	 	15	 
	Section 5.03	 	 The Trustee
	  	 	15	 
	Section 5.04	 	 Representations and Warranties of the Trustee
	  	 	16	 
	Section 5.05	 	 Trustee Liens
	  	 	16	 
	
	ARTICLE VI.	 
	ADDITIONAL AMENDMENT; SUPPLEMENTAL AGREEMENTS	 
	Section 6.01	 	 Amendment of Section 5.02 of the Basic Agreement
	  	 	17	 
	Section 6.02	 	 Supplemental Agreements Without Consent of Applicable Certificateholders

	  	 	17	 
	Section 6.03	 	 Supplemental Agreements with Consent of Applicable
Certificateholders
	  	 	17	 
	Section 6.04	 	 Consent of Holders of Certificates Issued under Other
Trusts
	  	 	17	 
	
	ARTICLE VII.	 
	TERMINATION OF TRUST	 
	Section 7.01	 	 Termination of the Applicable Trust 
	  	 	18	 

  
 Trust Supplement No. 2012-2C(R) 
 American Airlines Aircraft EETC 

							
	
	ARTICLE VIII.	 
	MISCELLANEOUS PROVISIONS	 
	Section 8.01	 	 Basic Agreement Ratified
	  	 	19	 
	Section 8.02	 	 Governing Law
	  	 	19	 
	Section 8.03	 	 Execution in Counterparts
	  	 	19	 
	Section 8.04	 	 Intention of Parties
	  	 	19	 

  

							
	 Exhibit A
	  	 	-	 	  	 Form of Certificate

	 Exhibit B
	  	 	-	 	  	 DTC Letter of Representations

	 Exhibit C
	  	 	-	 	  	 Articles I through XII of the Basic Agreement

  
 Trust Supplement No. 2012-2C(R) 
 American Airlines Aircraft EETC 

 This Trust Supplement No. 2012-2C(R), dated as of
May 15, 2018 (as amended from time to time, the “Trust Supplement”), between American Airlines, Inc., a Delaware corporation (the “Company”) and Wilmington Trust Company (the “Trustee”), to the
Pass Through Trust Agreement, dated as of September 16, 2014, between the Company and the Trustee (the “Basic Agreement”). 

W I T N E S S E T H: 

WHEREAS, the Basic Agreement, which is unlimited as to the aggregate face amount of Certificates which may be issued thereunder, has
heretofore been executed and delivered; 
 WHEREAS, the Company is the owner of, and has financed the eleven aircraft described in Schedule
I to the NPA (each, an “Aircraft” and, collectively, the “Aircraft”); 
 WHEREAS, American previously
issued the Class A Certificates and the Class B Certificates on December 13, 2012, and the Class C Certificates on June 6, 2013, in each case, in order to finance the Aircraft pursuant to the Series A and Series B Note
Purchase Agreement and the Series C Note Purchase Agreement, as applicable; 
 WHEREAS, in the case of each Aircraft, the Company has
issued pursuant to an Existing Indenture, on a recourse basis, Series A Equipment Notes, Series B Equipment Notes and Series C Equipment Notes; 

WHEREAS, the Company intends to refinance the Series C Equipment Notes with respect to each Aircraft through the issuance, pursuant to
the Indenture and an Indenture Amendment, on a recourse basis, of Series C(R) Equipment Notes with respect to each such Aircraft on or prior to June 3, 2018 (the “Class C(R) Certificate Financing Termination
Date”); 
 WHEREAS, the Trustee hereby declares the creation of the American Airlines, Inc. Pass Through Trust 2012-2C(R) (the “Applicable Trust”) for the benefit of the Applicable Certificateholders, and the initial Applicable Certificateholders as the grantors of the Applicable Trust, by their respective
acceptances of the Applicable Certificates, join in the creation of the Applicable Trust with the Trustee; 
 WHEREAS, all Certificates to
be issued by the Applicable Trust will evidence fractional undivided interests in the Applicable Trust and will convey no rights, benefits or interests in respect of any property other than the Trust Property except for those Certificates to which
an Escrow Receipt has been affixed; 
 WHEREAS, the Escrow Agent and the Underwriter have contemporaneously herewith entered into an Escrow
Agreement with the Escrow Paying Agent pursuant to which the Underwriter has delivered to the Escrow Agent the proceeds from the sale of the Applicable Certificates, and have irrevocably instructed the Escrow Agent to withdraw and pay funds from
such proceeds upon request and proper certification by the Trustee to purchase Series C(R) Equipment Notes as the conditions set forth in the NPA for such purchase are satisfied prior to the Class C(R) Certificate Financing Termination
Date; 

  
 Trust Supplement No. 2012-2C(R) 
 American Airlines Aircraft EETC 

 WHEREAS, the Escrow Agent on behalf of the Applicable Certificateholders has contemporaneously
herewith entered into a Deposit Agreement with the Depositary under which the Deposits referred to therein will be made and from which it will withdraw funds to allow the Trustee to purchase Series C(R) Equipment Notes on or prior to the
Class C(R) Certificate Financing Termination Date; 
 WHEREAS, pursuant to the terms and conditions of the Basic Agreement as
supplemented by this Trust Supplement (the “Agreement”), the NPA, the Participation Agreements and the Participation Agreement Amendments, upon the financing of an Aircraft under the NPA, the Trustee on behalf of the Applicable
Trust, using funds withdrawn under the Escrow Agreement, shall purchase one or more Series C(R) Equipment Notes having the same interest rate as, and final maturity date not later than the final Regular Distribution Date of, the Applicable
Certificates issued hereunder and shall hold such Series C(R) Equipment Notes in trust for the benefit of the Applicable Certificateholders; 

WHEREAS, all of the conditions and requirements necessary to make this Trust Supplement, when duly executed and delivered, a valid, binding
and legal instrument in accordance with its terms and for the purposes herein expressed, have been done, performed and fulfilled, and the execution and delivery of this Trust Supplement in the form and with the terms hereof have been in all respects
duly authorized; 
 WHEREAS, this Trust Supplement is subject to the provisions of the Trust Indenture Act of 1939, as amended, and shall,
to the extent applicable, be governed by such provisions; 
 NOW THEREFORE, in consideration of the premises herein, it is agreed between
the Company and the Trustee as follows: 
 ARTICLE I. 

THE CERTIFICATES 
 
Section 1.01    The Certificates. There is hereby created a series of Certificates to be issued under the Agreement to be distinguished and known as “American Airlines, Inc. Pass Through Certificates,
Series 2012-2C(R)” (hereinafter defined as the “Applicable Certificates”). Each Applicable Certificate represents a fractional undivided interest in the Applicable Trust created
hereby. The Applicable Certificates shall be the only instruments evidencing a fractional undivided interest in the Applicable Trust. 
 The
terms and conditions applicable to the Applicable Certificates are as follows: 
 (a)    Except as otherwise amended,
supplemented or otherwise modified herein, Articles I through XII set forth in Exhibit C supersede and replace Articles I through XII of the Basic Agreement, with respect to the Applicable Trust. 

(b)    The aggregate face amount of the Applicable Certificates that shall be authenticated under the Agreement (except for
Applicable Certificates authenticated and delivered under Sections 3.03, 3.04, 3.05 and 3.06 of the Basic Agreement) is $100,000,000. 

  
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American Airlines Aircraft EETC 

 (c)    The Regular Distribution Dates with respect to any distribution of
Scheduled Payments means June 3 and December 3 of each year, commencing on December 3, 2018, until distribution of all of the Scheduled Payments to be made under the Equipment Notes has been made. 

(d)    The Special Distribution Dates with respect to the Applicable Certificates means any Business Day on which a Special
Payment is to be distributed pursuant to the Agreement. 
 (e)    At the Escrow Agent’s request under the Escrow
Agreement, the Trustee shall affix the corresponding Escrow Receipt to each Applicable Certificate. In any event, any transfer or exchange of any Applicable Certificate shall also effect a transfer or exchange of the related Escrow Receipt. Prior to
the Final Withdrawal Date, no transfer or exchange of any Applicable Certificate shall be permitted unless the corresponding Escrow Receipt is attached thereto and also is so transferred or exchanged. By acceptance of any Applicable Certificate to
which an Escrow Receipt is attached, each Holder of such an Applicable Certificate acknowledges and accepts the restrictions on transfer of the Escrow Receipt set forth herein and in the Escrow Agreement. 

(f)    (i) The Applicable Certificates shall be in the form attached hereto as Exhibit A. Any Person acquiring or
accepting an Applicable Certificate or an interest therein will, by such acquisition or acceptance, be deemed to (A) represent and warrant to and for the benefit of the Company that either (I) the assets of an employee benefit plan subject
to Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), of a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”), any entity whose
underlying assets are deemed to include “plan assets” (within the meaning of 29 CFR Section 2510.3-101, as modified by Section 3(42) of ERISA) by reason of such a plan or arrangement’s
investment in such entity (each, an “ERISA Plan”), or such a plan or arrangement which is a foreign, church or governmental plan or arrangement exempt from Title I of ERISA and Section 4975 of the Code but subject to a
foreign, federal, state, or local law which is substantially similar to the prohibited transaction provisions of Title I of ERISA or Section 4975 of the Code (each, a “Similar Law”) (in each case, including an ERISA Plan, a
“Plan”) have not been used to purchase or hold Applicable Certificates or an interest therein or (II) the purchase and holding of Applicable Certificates or an interest therein is exempt from the prohibited transaction
restrictions of ERISA and the Code pursuant to one or more prohibited transaction statutory or administrative exemptions, or, as applicable, all prohibitions under any applicable Similar Law, and (B) direct the Trustee to invest the assets held
in the Trust pursuant to, and take all other actions contemplated by, the terms and conditions of the Basic Agreement, this Trust Supplement, the Intercreditor Agreement, the Intercreditor Agreement Amendment, the Deposit Agreement, the Escrow
Agreement, the NPA, each Participation Agreement Amendment and each Participation Agreement. 
 Further, each person who is an ERISA Plan and
acquires or accepts an Applicable Certificate or an interest therein will be deemed by such acquisition or acceptance to have represented and warranted that the decision to acquire or accept the Applicable Certificate or interest therein has been
made by a duly authorized fiduciary of the ERISA Plan that (a) is independent (as that term is used in 29 C.F.R. 2510.3-21(c)(1)) of the Company and its affiliates and there is no financial interest,
ownership interest, or other relationship, agreement or 

  
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American Airlines Aircraft EETC 

 
understanding or otherwise that would limit its ability to carry out its fiduciary responsibility to the ERISA Plan; (b) is a bank, insurance carrier, registered investment adviser, a
registered broker-dealer, or an independent fiduciary that holds, or has under management or control, total assets of at least $50 million (in each case, as specified in 29 C.F.R.
2510.3-21(c)(1)(i)(A)-(E)); (c) is not the individual retirement account (“IRA”) owner (in the case of a purchaser which is an IRA) (d) is capable of evaluating investment risks independently,
both in general and with regard to particular transactions and investment strategies (including, without limitation, with respect to the decision to acquire or accept the Applicable Certificate or interest therein); (e) has been fairly informed
that the Company and its affiliates have not and will not undertake to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the acquisition or acceptance of the Applicable Certificate or interest
therein; (f) has been fairly informed that the Company and its affiliates have financial interests in the ERISA Plan’s acquisition or acceptance of the Applicable Certificate or interest therein, which interests may conflict with the
interest of the ERISA Plan, as more fully described in the offering materials; (g) is a fiduciary under ERISA or the Code, or both, with respect to the decision to acquire or accept the Applicable Certificate or interest therein and is
responsible for exercising (and has exercised) independent judgment in evaluating whether to invest the assets of such ERISA Plan in the Applicable Certificate or interest therein; and (h) is not paying the Company or any of its affiliates, any
fee or other compensation directly for the provision of investment advice (as opposed to other services) in connection with the ERISA Plan’s acquisition or acceptance of the Applicable Certificate or interest therein. 

(ii)    The Applicable Certificates shall be Book-Entry Certificates and shall be subject to the conditions
set forth in the Letter of Representations between the Company and the Clearing Agency attached hereto as Exhibit B. 

(g)    The “Participation Agreements” as defined in this Trust Supplement are the “Note Purchase
Agreements” referred to in the Basic Agreement. 
 (h)    The Applicable Certificates are subject to the
Intercreditor Agreement, the Deposit Agreement and the Escrow Agreement. 
 (i)    The Applicable Certificates are not
entitled to the benefits of a liquidity facility. 
 (j)    The Parent will not initially guarantee the obligations of
the Company under any Series C(R) Equipment Notes to be acquired by the Applicable Trust. For the avoidance of doubt, the Series C(R) Equipment Notes will not have the benefit of the Guarantee dated as of December 13, 2012, as
confirmed and reaffirmed by the Guarantee Confirmation, dated as of June 6, 2013, of American Airlines Group, Inc. (as successor by merger with US Airways Group, Inc.). 

(k)    The Responsible Party is the Company. 

(j)    The date referred to in clause (i) of the definition of the term “PTC Event of Default” in the Basic
Agreement is the Final Maturity Date. 

  
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American Airlines Aircraft EETC 

 (l)    The “particular sections of the Note Purchase
Agreement”, for purposes of clause (3) of Section 7.07 of the Basic Agreement, are Section 8.1 of each Participation Agreement. 

(m)    The Series C(R) Equipment Notes to be acquired and held in the Applicable Trust, and the related Aircraft and
Note Documents, are described in the NPA. 
 ARTICLE II. 

DEFINITIONS 
 
Section 2.01    Definitions. For all purposes of the Basic Agreement as supplemented by this Trust Supplement, the following capitalized terms have the following meanings (any term used herein which is defined in
both this Trust Supplement and the Basic Agreement shall have the meaning assigned thereto in this Trust Supplement for purposes of the Basic Agreement as supplemented by this Trust Supplement): 

“Agreement”: Has the meaning specified in the recitals hereto. 

“Aircraft”: Has the meaning specified in the recitals hereto. 

“Applicable Certificate”: Has the meaning specified in Section 1.01 of this Trust Supplement. 

“Applicable Certificateholder”: Means the Person in whose name an Applicable Certificate is registered on the Register for the
Applicable Certificates. 
 “Applicable Closing Date”: Has the meaning specified in Section 5.01(b) of this Trust
Supplement. 
 “Applicable Participation Agreement”: Has the meaning specified in Section 5.01(b) of this Trust
Supplement. 
 “Applicable Trust”: Has the meaning specified in the recitals hereto. 

“Basic Agreement”: Has the meaning specified in the first paragraph of this Trust Supplement. 

“Certificate”: Has the meaning specified in the Intercreditor Agreement. 

“Certificate Buyout Event”: Means that an American Bankruptcy Event has occurred and is continuing and the following events
have occurred: (A) (i) the 60-day period specified in Section 1110(a)(2)(A) of the U.S. Bankruptcy Code (the “60-Day Period”) has expired and
(ii) American has not entered into one or more agreements under Section 1110(a)(2)(A) of the U.S. Bankruptcy Code to perform all of its obligations under all of the Indentures or, if it has entered into such agreements, has at any time
thereafter failed to cure any default under any of the Indentures in accordance with Section 1110(a)(2)(B) of the Bankruptcy Code; or (B) if prior to the expiry of the 60-Day Period, American shall
have abandoned any Aircraft. 
 “Class”: Has the meaning specified in the Intercreditor Agreement. 

  
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American Airlines Aircraft EETC 

 “Class A Liquidity Provider”: Means, initially, Landesbank Hessen-Thüringen Girozentrale, as liquidity provider under the liquidity facility for the Class A Certificates and any replacements or successors therefor appointed in accordance with the Intercreditor
Agreement. 
 “Class B Liquidity Provider”: Means, initially, Landesbank
Hessen-Thüringen Girozentrale, as liquidity provider under the liquidity facility for the Class B Certificates and any replacements or successors therefor appointed in accordance with the
Intercreditor Agreement. 
 “Class C(R) Certificate Financing Termination Date”: Means the earlier of
(a) June 3, 2018, and (b) the date on which Series C(R) Equipment Notes issued with respect to all of the Aircraft have been purchased by the Applicable Trust in accordance with the NPA. 

“Class C Certificate Refinancing Date”: Means the date of redemption of the Series C Equipment Notes
and the issuance of the Series C(R) Equipment Notes with respect to each such Aircraft. 
 “Closing Notice”: Has the
meaning specified in the NPA. 
 “Company”: Has the meaning specified in the first paragraph of this Trust Supplement. 

“Controlling Party”: Has the meaning specified in the Intercreditor Agreement. 

“Cut-off Date”: Means the earlier of (a) the Class C(R) Certificate
Financing Termination Date and (b) the date on which a Triggering Event occurs. 
 “Deposit Agreement”: Means the
Deposit Agreement dated as of May 15, 2018, relating to the Applicable Certificates between the Depositary and the Escrow Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Depositary”: Means Natixis S.A., acting through its New York branch. 

“Deposits”: Has the meaning specified in the Deposit Agreement. 

“Distribution Date”: Means any Regular Distribution Date or Special Distribution Date as the context requires. 

“Equipment Notes”: Means all of the equipment notes issued under the Indentures. 

“Escrow Agent”: Means, initially, Wilmington Trust, National Association, and any replacement or successor therefor appointed
in accordance with the Escrow Agreement. 
 “Escrow Agreement”: Means the Escrow and Paying Agent Agreement dated as of
May 15, 2018, relating to the Applicable Certificates, among the Escrow Agent, the Escrow Paying Agent, the Trustee and the Underwriter, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its
terms. 
 “Escrow Paying Agent”: Means the Person acting as paying agent under the Escrow Agreement. 

  
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American Airlines Aircraft EETC 

 “Escrow Receipt”: Means the receipt substantially in the form annexed to the
Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder. 
 “Existing
Indenture”: Has the meaning specified in the NPA. 
 “Final Maturity Date”: Means June 3, 2021. 

“Final Withdrawal”: Has the meaning specified in the Escrow Agreement. 

“Final Withdrawal Date”: Has the meaning specified in the Escrow Agreement. 

“Final Withdrawal Notice”: Has the meaning specified in Section 5.02 of this Trust Supplement. 

“Indenture”: Means each of the separate trust indentures and mortgages relating to the Aircraft, each as specified or
described in a Closing Notice delivered pursuant to the NPA or the related Participation Agreement, in each case as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

“Indenture Amendment”: Means, with respect to each Existing Indenture relating to an Aircraft, an amendment thereto, dated as
of the Class C Certificate Refinancing Date, between the Company and the Loan Trustee. 
 “Intercreditor Agreement”:
Means the Intercreditor Agreement dated as of December 13, 2012, as amended by Amendment No. 1 to the Intercreditor Agreement (2012-2) dated as of June 6, 2013, among the Trustee, the Other
Trustees, the Class A Liquidity Provider, the Class B Liquidity Provider and Wilmington Trust Company, as Subordination Agent and as trustee thereunder, as amended, supplemented or otherwise modified from time to time in accordance with
its terms. 
 “Investors”: Means the Underwriter, together with all subsequent beneficial owners of the Applicable
Certificates. 
 “Issuance Date”: Means the date of this Trust Supplement. 

“Make-Whole Amount”: Has the meaning specified in any Indenture. 

“Note Documents”: Means the Equipment Notes with respect to the Applicable Certificates and, with respect to any such
Equipment Note, the Indenture, the Indenture Amendment, the Participation Agreement and the Participation Agreement Amendment relating to such Equipment Note. 

“Notice of Purchase Withdrawal”: Has the meaning specified in the Deposit Agreement. 

“NPA”: Means the Series C(R) Note Purchase Agreement dated as of May 15, 2018 among the Trustee, the Company, the
Escrow Agent, the Paying Agent and the Subordination Agent, providing for, among other things, the purchase of Series C(R) Equipment Notes by the Trustee on behalf of the Applicable Trust, as the same may be amended, supplemented or otherwise
modified from time to time, in accordance with its terms. 

  
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American Airlines Aircraft EETC 

 “Original Basic Agreement”: Means the Pass Through Trust Agreement, dated as of
December 21, 2010, between the Company (as successor by merger with US Airways, Inc.) and the Trustee. 
 “Other
Agreements”: Means (i) the Original Basic Agreement as supplemented by Trust Supplement No. 2012-2A-S dated as of December 13, 2012 relating to US
Airways Pass Through Trust 2012-2A-S, (ii) the Original Basic Agreement as supplemented by Trust Supplement No. 2012-2B-S dated as December 13, 2012 relating to US Airways Pass Through Trust 2012-2B-S and (iii) the Basic Agreement
as supplemented by a Trust Supplement relating to any Refinancing Trust. 
 “Other Trustees”: Means the trustees under the
Other Agreements, and any successor or other trustee appointed as provided therein. 
 “Other Trusts”: Means the US Airways
Pass Through Trust 2012-2A-S, the US Airways Pass Through Trust 2012-2B-S and a
Refinancing Trust or Trusts, if any, created by the Other Agreements. 
 “Participation Agreement”: Means each Participation
Agreement entered into by the Trustee pursuant to the Series A and Series B Note Purchase Agreement, as the same may be amended, supplemented or otherwise modified in accordance with its terms. 

“Participation Agreement Amendment”: Means each Participation Agreement Amendment to be entered into by the Trustee pursuant
to the NPA, as the same may be amended, supplemented or otherwise modified in accordance with its terms. 
 “Pool Balance”:
Means, as of any date, (i) the original aggregate face amount of the Applicable Certificates less (ii) the aggregate amount of all distributions made as of such date in respect of such Applicable Certificates or in respect of Deposits
other than distributions made in respect of interest or premium (including Make-Whole Amount) thereon or reimbursement of any costs or expenses incurred in connection therewith. The Pool Balance as of any date shall be computed after giving effect
to any special distribution with respect to unused Deposits, payment of principal of the Series C(R) Equipment Notes or payment with respect to other Trust Property and the distribution thereof to be made on that date. 

“Pool Factor”: Means, as of any Distribution Date, the quotient (rounded to the seventh decimal place) computed by dividing
(i) the Pool Balance by (ii) the original aggregate face amount of the Applicable Certificates. The Pool Factor as of any Distribution Date shall be computed after giving effect to any special distribution with respect to unused Deposits,
payment of principal of the Series C(R) Equipment Notes or payment with respect to other Trust Property and the distribution thereof to be made on that date. 

“Prospectus Supplement”: Means the final Prospectus Supplement dated May 1, 2018, relating to the offering of the
Applicable Certificates. 

  
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American Airlines Aircraft EETC 

 “Ratings Confirmation”: Has the meaning specified in the Intercreditor
Agreement. 
 “Scheduled Closing Date”: Has the meaning specified in the NPA. 

“Scheduled Payment”: Means, with respect to any Equipment Note, any payment of principal or interest on such Equipment Note
(other than any such payment which is not in fact received by the Trustee or the Subordination Agent within five days of the date on which such payment is scheduled to be made), which payment in any such case represents the installment of principal
on such Equipment Note at the stated maturity of such installment, the payment of regularly scheduled interest accrued on the unpaid principal amount of such Equipment Note, or both; provided, however, that any payment of principal, premium
(including Make-Whole Amount), if any, or interest resulting from the redemption or purchase of any Equipment Note shall not constitute a Scheduled Payment. 

“Series A and Series B Note Purchase Agreement”: Means the Note Purchase Agreement dated December 13, 2012 relating to
the Class A Certificates and the Class B Certificates. 
 “Series C Note Purchase Agreement”: Means the Note
Purchase Agreement dated June 6, 2013 relating to the Class C Certificates. 
 “Series C(R) Equipment Notes”:
Has the meaning specified in the NPA. 
 “Special Payment”: Means any payment (other than a Scheduled Payment) in respect
of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture). 
 “Triggering Event”: Has the
meaning assigned to such term in the Intercreditor Agreement. 
 “Trust Property”: Means (i) subject to the
Intercreditor Agreement, the Equipment Notes held as the property of the Applicable Trust, all monies at any time paid thereon and all monies due and to become due thereunder, (ii) funds from time to time deposited in the Certificate Account
and the Special Payments Account and, subject to the Intercreditor Agreement, any proceeds from the sale by the Trustee pursuant to Article VI of the Basic Agreement of any Equipment Note and (iii) all rights of the Applicable Trust and the
Trustee, on behalf of the Applicable Trust, under the Intercreditor Agreement, the Escrow Agreement, and the NPA, including, without limitation, all rights to receive certain payments thereunder, and all monies paid to the Trustee on behalf of the
Applicable Trust pursuant to the Intercreditor Agreement, provided that rights with respect to the Deposits or under the Escrow Agreement, except for the right to direct withdrawals for the purchase of Equipment Notes to be held herein, will not
constitute Trust Property. 
 “Trust Supplement”: Has the meaning specified in the first paragraph of this trust supplement.

 “Trustee”: Has the meaning specified in the first paragraph of this Trust Supplement. 

“Underwriter”: Means Deutsche Bank Securities Inc. 

  
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American Airlines Aircraft EETC 

 “Underwriting Agreement”: Means the Underwriting Agreement dated May 1,
2018 among the Underwriter, the Company and the Depositary, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

ARTICLE III. 

DISTRIBUTIONS; STATEMENTS TO CERTIFICATEHOLDERS 

Section 3.01    Statements to Applicable Certificateholders. 

(a)    On each Distribution Date, the Trustee will include with each distribution to Applicable Certificateholders of a
Scheduled Payment or Special Payment, as the case may be, a statement setting forth the information provided below (in the case of a Special Payment, reflecting in part the information provided by the Escrow Paying Agent under the Escrow Agreement).
Such statement shall set forth (per $1,000 face amount Applicable Certificate as to (ii), (iii), (iv) and (v) below) the following information: 

(i)    the aggregate amount of funds distributed on such Distribution Date under the Agreement and under
the Escrow Agreement, indicating the amount allocable to each source; 
 (ii)    the amount of such
distribution under the Agreement allocable to principal and the amount allocable to premium (including Make-Whole Amount), if any; 

(iii)    the amount of such distribution under the Agreement allocable to interest; 

(iv)    the amount of such distribution under the Escrow Agreement allocable to interest; 

(v)    the amount of such distribution under the Escrow Agreement allocable to unused Deposits, if any; and

 (vi)    the Pool Balance and the Pool Factor. 

With respect to the Applicable Certificates registered in the name of a Clearing Agency or its nominee, on the Record Date prior to each Distribution Date,
the Trustee will, at the expense of the Company, request that such Clearing Agency post on its Internet bulletin board a securities position listing setting forth the names of all Clearing Agency Participants reflected on such Clearing Agency’s
books as holding interests in the Applicable Certificates on such Record Date. On each Distribution Date, the Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as
requested by such Clearing Agency Participant for forwarding to holders of interests in the Applicable Certificates. 

(b)    Within a reasonable period of time after the end of each calendar year but not later than the latest date permitted
by law, the Trustee shall furnish to each Person who at any time during such calendar year was an Applicable Certificateholder of record a statement containing the sum of the amounts determined pursuant to clauses (a)(i), (a)(ii), (a)(iii),
(a)(iv) and (a)(v) above for such calendar year or, in the event such Person was an Applicable Certificateholder of record during a portion of such calendar year, for such portion of such year, 

  
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American Airlines Aircraft EETC 

 
and such other items as are readily available to the Trustee and which an Applicable Certificateholder shall reasonably request as necessary for the purpose of such Applicable
Certificateholder’s preparation of its U.S. federal income tax returns. Such statement and such other items shall be prepared on the basis of information supplied to the Trustee by the Clearing Agency Participants and shall be delivered by the
Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the holders of interests in the Applicable Certificates in the manner described in Section 3.01(a) of this Trust Supplement.

 (c)    Promptly following (i) the Class C(R) Certificate Financing Termination Date, if there has been any
change in the information set forth in clauses (y) and (z) below from that set forth in page S-59 of the Prospectus Supplement, and (ii) the date of any early redemption of, or any default in the
payment of principal or interest in respect of, any of the Series C(R) Equipment Notes held in the Applicable Trust, or any Final Withdrawal, the Trustee shall furnish to Applicable Certificateholders of record on such date a statement setting
forth (x) the expected Pool Balances for each subsequent Regular Distribution Date following the Class C(R) Certificate Financing Termination Date, (y) the related Pool Factors for such Regular Distribution Dates and (z) the
expected principal payment schedule of the Equipment Notes, in the aggregate, held as Trust Property at the date of such notice. With respect to the Applicable Certificates registered in the name of a Clearing Agency, on the Class C(R)
Certificate Financing Termination Date, the Trustee will request from such Clearing Agency a securities position listing setting forth the names of all Clearing Agency Participants reflected on such Clearing Agency’s books as holding interests
in the Applicable Certificates on such date. The Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to
holders of interests in the Applicable Certificates. 
 (d)    The Trustee shall provide promptly to the Applicable
Certificateholders all material non-confidential information received by the Trustee from the Company. 

(e)    This Section 3.01 supersedes and replaces Section 4.03 of the Basic Agreement (as amended pursuant to
Section 1.01(a)), with respect to the Applicable Trust. 

Section 3.02    Certificate Account and Special Payments Account. 

(a)    Trustee shall establish and maintain on behalf of the Applicable Certificateholders a Special Payments Account as
one or more accounts, which shall be non-interest bearing except as provided in Section 4.04 of the Basic Agreement. The Trustee shall hold the Special Payments Account in trust for the benefit of the
Applicable Certificateholders and shall make or permit withdrawals therefrom only as provided in the Agreement. On each day when one or more Special Payments are made to the Trustee under the Intercreditor Agreement, the Trustee, upon receipt
thereof, shall immediately deposit the aggregate amount of such Special Payments in the Special Payments Account. 

(b)    This Section 3.02 supersedes and replaces Section 4.01 (b) of the Basic Agreement (as amended pursuant to
Section 1.01(a)) in its entirety, with respect to the Applicable Trust. 

  
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 Section 3.03    Distributions from
Special Payments Account. 
 (a)    On each Special Distribution Date with respect to any Special Payment or as soon
thereafter as the Trustee has confirmed receipt of any Special Payments due on the Equipment Notes held (subject to the Intercreditor Agreement) in the Applicable Trust or realized upon the sale of such Equipment Notes, the Trustee shall distribute
out of the Special Payments Account the entire amount of such Special Payment deposited therein pursuant to Section 3.02(a) of this Trust Supplement. There shall be so distributed to each Applicable Certificateholder of record on the Record
Date with respect to such Special Distribution Date (other than as provided in Section 7.01 of this Trust Supplement concerning the final distribution) by check mailed to such Applicable Certificateholder, at the address appearing in the
Register, such Applicable Certificateholder’s pro rata share (based on the Fractional Undivided Interest in the Applicable Trust held by such Applicable Certificateholder) of the total amount in the Special Payments Account on account of such
Special Payment, except that, with respect to Applicable Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account
designated by such Clearing Agency (or such nominee). 
 (b)    The Trustee shall, at the expense of the Company, cause
notice of each Special Payment to be mailed to each Applicable Certificateholder at his address as it appears in the Register. In the event of redemption or purchase of Equipment Notes held in the Applicable Trust, such notice shall be mailed not
less than 15 days prior to the Special Distribution Date for the Special Payment resulting from such redemption or purchase, which Special Distribution Date shall be the date of such redemption or purchase. In the case of any other Special Payments,
such notice shall be mailed as soon as practicable after the Trustee has confirmed that it has received funds for such Special Payment, stating the Special Distribution Date for such Special Payment which shall occur not less than 15 days after the
date of such notice and as soon as practicable thereafter. Notices with respect to a Special Payment mailed by the Trustee shall set forth: 

(i)    the Special Distribution Date and the Record Date therefor (except as otherwise provided in
Section 7.01 of this Trust Supplement), 
 (ii)    the amount of the Special Payment for each $1,000
face amount Applicable Certificate and the amount thereof constituting principal, premium (including Make-Whole Amount), if any, and interest, 

(iii)    the reason for the Special Payment, and 

(iv)    if the Special Distribution Date is the same date as a Regular Distribution Date, the total amount
to be received on such date for each $1,000 face amount Applicable Certificate. 
 If the amount of premium (including Make-Whole Amount),
if any, payable upon the redemption or purchase of an Equipment Note has not been calculated at the time that the Trustee mails notice of a Special Payment, it shall be sufficient if the notice sets forth the other amounts to be distributed and
states that any premium (including Make-Whole Amount) received will also be distributed. 

  
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 (c)    If any redemption of the Equipment Notes held in the Applicable Trust
is canceled, the Trustee, as soon as possible after learning thereof, shall cause notice thereof to be mailed to each Applicable Certificateholder at its address as it appears on the Register. 

(d)    This Section 3.03 supersedes and replaces Section 4.02(b) and Section 4.02(c) of the Basic Agreement
in their entirety, with respect to the Applicable Trust. 

Section 3.04    Limitation of Liability for Payments. Section 3.09 of the
Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase “any Owner Trustee or any Owner Participant” in the third sentence thereof. 

ARTICLE IV. 

DEFAULT 
 
Section 4.01    Purchase Rights of Certificateholders. 
 (a)    At any time
after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A
Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A
Certificates and the Class B Certificates upon 15 days’ written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15 day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable
Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable
Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder
and (B) if prior to the end of such 15 day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase,
then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a). 

(b)    By acceptance of its Applicable Certificate, each Applicable Certificateholder agrees that at any time after the
occurrence and during the continuation of a Certificate Buyout Event, if any Refinancing Certificates are issued, each Refinancing Certificateholder shall have the same right (subject to the same terms and conditions) to purchase Certificates
pursuant to Section 4.01(a) (and to receive notice in connection therewith) as the Certificateholders of the Class that such Refinancing Certificates refinanced. 

  
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 As used in this Section 4.01 and elsewhere in this Trust Supplement, the terms
“Class A Certificate”, “Class A Trust Agreement”, “Class A Trustee”, “Class B Certificate”, “Class B Trust Agreement”, “Class B Trustee”, “Refinancing
Certificates”, “Refinancing Certificateholder”, “Refinancing Equipment Notes” and “Refinancing Trust” shall have the respective meanings assigned to such terms in the Intercreditor Agreement. 

(c)    This Section 4.01 supersedes and replaces Section 6.01(b) of the Basic Agreement, with respect to the
Applicable Trust. 
 Section 4.02    Amendment of
Section 6.05 of the Basic Agreement. Section 6.05 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase “and thereby annul any Direction given by such
Certificateholders or the Trustee to such Loan Trustee with respect thereto,” set forth in the first sentence thereof. 
 
ARTICLE V. 
 THE TRUSTEE 
 
Section 5.01    Delivery of Documents; Delivery Dates. 
 (a)    The Trustee is
hereby directed (i) to execute and deliver the Escrow Agreement and the NPA on or prior to the Issuance Date, each in the form delivered to the Trustee by the Company, and (ii) subject to the respective terms thereof, to perform its
obligations thereunder. Upon request of the Company and the satisfaction or waiver of the closing conditions specified in the Underwriting Agreement, the Trustee shall execute, deliver, authenticate, issue and sell Applicable Certificates in
authorized denominations equaling in the aggregate the amount set forth, with respect to the Applicable Trust, in Schedule I to the Underwriting Agreement evidencing the entire ownership interest in the Applicable Trust, which amount equals the
maximum aggregate principal amount of Equipment Notes which may be purchased by the Trustee pursuant to the NPA. Except as provided in Sections 3.03, 3.04, 3.05 and 3.06 of the Basic Agreement, the Trustee shall not execute, authenticate or deliver
Applicable Certificates in excess of the aggregate amount specified in this paragraph. The provisions of this Section 5.01(a) supersede and replace the first sentence of Section 3.02(a) of the Basic Agreement, with respect to the
Applicable Trust. 
 (b)    After the Issuance Date, the Company may deliver to the Trustee a Closing Notice relating to
one or more Equipment Notes. After receipt of a Closing Notice and in any case no later than one Business Day prior to the Scheduled Closing Date as to which such Closing Notice relates (the “Applicable Closing Date”), the Trustee
shall (as and when specified in the Closing Notice) instruct the Escrow Agent to provide a Notice of Purchase Withdrawal to the Depositary requesting (A) the withdrawal of one or more Deposits on the Applicable Closing Date in accordance with
and to the extent permitted by the terms of the Escrow Agreement and the Deposit Agreement and (B) the payment of all, or a portion, of such Deposit or Deposits in an amount equal in the aggregate to the purchase price of such Equipment Notes
to or on behalf of the Company, all as shall be described in the Closing Notice. The Trustee shall (as and when specified in such Closing Notice), subject to the conditions set forth in Section 2 of the NPA, enter into and perform its
obligations under the Intercreditor Agreement Amendment and the Participation Agreement Amendments specified in such Closing Notice (the “Applicable  

  
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Participation Agreement Amendments”) and cause such certificates, documents and legal opinions relating to the Trustee to be duly delivered as required by the Applicable Participation
Agreement Amendments. If at any time prior to the Applicable Closing Date, the Trustee receives a notice of postponement pursuant to Section 1(e) or 1(f) of the NPA, then the Trustee shall give the Depositary (with a copy to the Escrow Agent) a
notice of cancellation of such Notice of Purchase Withdrawal relating to such Deposit or Deposits on such Applicable Closing Date. Upon satisfaction of the conditions specified in the NPA and the Applicable Participation Agreement Amendments, the
Trustee shall purchase the applicable Equipment Notes with the proceeds of the withdrawals of one or more Deposits made on the Applicable Closing Date in accordance with the terms of the Deposit Agreement and the Escrow Agreement. The purchase price
of such Equipment Notes shall equal the principal amount of such Equipment Notes. The provisions of this Section 5.01(b) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and
all provisions of the Basic Agreement relating to Postponed Notes and Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust. 

(c)    The Trustee acknowledges its acceptance of all right, title and interest in and to the Trust Property to be
acquired pursuant to Section 5.01(b) of this Trust Supplement, the NPA and each Applicable Participation Agreement, and declares that it holds and will hold such right, title and interest for the benefit of all present and future Applicable
Certificateholders, upon the trusts set forth in the Agreement. By its acceptance of an Applicable Certificate, each initial Applicable Certificateholder, as a grantor of the Applicable Trust, joins with the Trustee in the creation of the Applicable
Trust. The provisions of this Section 5.01(c) supersede and replace the provisions of Section 2.03 of the Basic Agreement, with respect to the Applicable Trust. 

Section 5.02    Withdrawal of Deposits. If any Deposits remain outstanding on
the Business Day next succeeding the Cut-off Date, the Trustee shall promptly give the Escrow Agent notice that the Trustee’s obligation to purchase Equipment Notes under the NPA has terminated and
instruct the Escrow Agent to provide a notice of Final Withdrawal to the Depositary substantially in the form of Exhibit B to the Deposit Agreement (the “Final Withdrawal Notice”). 

Section 5.03    The Trustee. 

(a)    Subject to Section 5.04 of this Trust Supplement and Section 7.15 of the Basic Agreement, the Trustee
shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Trust Supplement, the Deposit Agreement, the NPA or the Escrow Agreement or the due execution hereof or thereof by the Company or the other
parties thereto (other than the Trustee), or for or in respect of the recitals and statements contained herein or therein, all of which recitals and statements are made solely by the Company, except that the Trustee hereby represents and warrants
that each of this Trust Supplement, the Basic Agreement, each Applicable Certificate, the Intercreditor Agreement, the NPA and the Escrow Agreement has been executed and delivered by one of its officers who is duly authorized to execute and deliver
such document on its behalf. 
 (b)    Except as herein otherwise provided and except during the continuation of an
Event of Default in respect of the Applicable Trust created hereby, no duties, responsibilities or 

  
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liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Trust Supplement other than as set forth in the Agreement, and this Trust Supplement is executed and
accepted on behalf of the Trustee, subject to all the terms and conditions set forth in the Agreement, as fully to all intents as if the same were herein set forth at length. 

Section 5.04    Representations and Warranties of the Trustee. The Trustee
hereby represents and warrants that: 
 (a)    the Trustee has full power, authority and legal right to execute, deliver
and perform this Trust Supplement, the Intercreditor Agreement, the Escrow Agreement, the NPA and the Note Documents to which it is or is to become a party and has taken all necessary action to authorize the execution, delivery and performance by it
of this Trust Supplement, the Intercreditor Agreement, the Escrow Agreement, the NPA and the Note Documents to which it is or is to become a party; 

(b)    the execution, delivery and performance by the Trustee of this Trust Supplement, the Intercreditor Agreement, the
Escrow Agreement, the NPA and the Note Documents to which it is or is to become a party (i) will not violate any provision of any United States federal law or the law of the state of the United States where it is located governing the banking
and trust powers of the Trustee or any order, writ, judgment, or decree of any court, arbitrator or governmental authority applicable to the Trustee or any of its assets, (ii) will not violate any provision of the articles of association or by-laws of the Trustee, and (iii) will not violate any provision of, or constitute, with or without notice or lapse of time, a default under, or result in the creation or imposition of any lien on any
properties included in the Trust Property pursuant to the provisions of any mortgage, indenture, contract, agreement or other undertaking to which it is a party, which violation, default or lien could reasonably be expected to have an adverse effect
on the Trustee’s performance or ability to perform its duties hereunder or thereunder or on the transactions contemplated herein or therein; 

(c)    the execution, delivery and performance by the Trustee of this Trust Supplement, the Intercreditor Agreement, the
Escrow Agreement, the NPA and the Note Documents to which it is or is to become a party will not require the authorization, consent, or approval of, the giving of notice to, the filing or registration with, or the taking of any other action in
respect of, any governmental authority or agency of the United States or the state of the United States where it is located regulating the banking and corporate trust activities of the Trustee; and 

(d)    this Trust Supplement, the Intercreditor Agreement, the Escrow Agreement, the NPA and the Note Documents to which it
is or is to become a party have been, or will be, as applicable, duly executed and delivered by the Trustee and constitute, or will constitute, as applicable, the legal, valid and binding agreements of the Trustee, enforceable against it in
accordance with their respective terms; provided, however, that enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and (ii) general
principles of equity. 
 Section 5.05    Trustee Liens. The Trustee in its
individual capacity agrees, in addition to the agreements contained in Section 7.17 of the Basic Agreement, that it will at its own cost and expense promptly take any action as may be necessary to duly discharge and satisfy in full any 

  
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Trustee’s Liens on or with respect to the Trust Property which is attributable to the Trustee in its individual capacity and which is unrelated to the transactions contemplated by the
Intercreditor Agreement or the NPA. 
 ARTICLE VI. 

ADDITIONAL AMENDMENT; SUPPLEMENTAL AGREEMENTS 

Section 6.01    Amendment of Section 5.02 of the Basic
Agreement. Section 5.02 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by (i) replacing the phrase “of the Note Documents and of this Agreement” set forth in paragraph (b) thereof with the
phrase “of the Note Documents, of the NPA and of this Agreement” and (ii) replacing the phrase “of this Agreement and any Note Document” set forth in the last paragraph of Section 5.02 with the phrase “of this
Agreement, the NPA and any Note Document”. 
 Section 6.02    Supplemental
Agreements Without Consent of Applicable Certificateholders. Without limitation of Section 9.01 of the Basic Agreement, under the terms of, and subject to the limitations contained in, Section 9.01 of the Basic Agreement, the Company
may (but will not be required to), and the Trustee (subject to Section 9.03 of the Basic Agreement) shall, at the Company’s request, at any time and from time to time, (i) enter into one or more agreements supplemental to the Escrow
Agreement, the NPA or the Deposit Agreement, for any of the purposes set forth in clauses (1) through (14) of such Section 9.01, and (without limitation of the foregoing or Section 9.01 of the Basic Agreement) references in
clauses (4), (6) and (7) of such Section 9.01 to “any Intercreditor Agreement, any Note Purchase Agreement, any Liquidity Facility or any Guarantee” shall also be deemed to refer to “the Intercreditor Agreement, the Escrow
Agreement, the NPA or the Deposit Agreement” and (ii) enter into one or more agreements supplemental to the Agreement to provide for the formation of one or more Refinancing Trusts, the issuance of Refinancing Certificates, the purchase by
any Refinancing Trust of applicable Refinancing Equipment Notes and other matters incidental thereto or as otherwise contemplated by Section 2.01(b) of the Basic Agreement, subject to the provisions of Section 4(a)(v) of the NPA and
Section 9.1(c) of the Intercreditor Agreement. 
 Section 6.03    Section
6.03. Supplemental Agreements with Consent of Applicable Certificateholders. Without limitation of Section 9.02 of the Basic Agreement, the provisions of Section 9.02 of the Basic Agreement shall apply to agreements or amendments for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Escrow Agreement, the Deposit Agreement or the NPA or modifying in any manner the rights and obligations of the Applicable
Certificateholders under the Escrow Agreement, the Deposit Agreement or the NPA; provided that the provisions of Section 9.02(1) of the Basic Agreement shall be deemed to include reductions in any manner of, or delay in the timing of, any
receipt by the Applicable Certificateholders of payments upon the Deposits. 

Section 6.04    Consent of Holders of Certificates Issued under Other Trusts.
Notwithstanding any provision in Section 6.02 or Section 6.03 of this Trust Supplement to the contrary, no amendment or modification of Section 4.01 of this Trust Supplement shall be effective unless the trustee for each Class of
Certificates affected by such amendment or modification shall have consented thereto. 

  
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 ARTICLE VII. 

TERMINATION OF TRUST 
 
Section 7.01    Termination of the Applicable Trust. 
 (a)    The respective
obligations and responsibilities of the Company and the Trustee with respect to the Applicable Trust shall terminate upon the earlier of (A) the completion of the assignment, transfer and discharge described in the first sentence of the
immediately following paragraph and (B) distribution to all Applicable Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to the Agreement and the disposition of all property held as part of the Trust
Property; provided, however, that in no event shall the Applicable Trust continue beyond one hundred ten (110) years following the date of the execution of this Trust Supplement. 

Notice of any termination, specifying the Distribution Date upon which the Applicable Certificateholders may surrender their Applicable
Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to Applicable Certificateholders not earlier than the 60th day and not later than the 15th day next preceding such final
Distribution Date specifying (A) the Distribution Date upon which the proposed final payment of the Applicable Certificates will be made upon presentation and surrender of Applicable Certificates at the office or agency of the Trustee therein
specified, (B) the amount of any such proposed final payment, and (C) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Applicable
Certificates at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Registrar at the time such notice is given to Applicable Certificateholders. Upon presentation and surrender of the Applicable
Certificates in accordance with such notice, the Trustee shall cause to be distributed to Applicable Certificateholders such final payments. 

In the event that all of the Applicable Certificateholders shall not surrender their Applicable Certificates for cancellation within six
months after the date specified in the above-mentioned written notice, the Trustee shall give a second written notice to the remaining Applicable Certificateholders to surrender their Applicable Certificates
for cancellation and receive the final distribution with respect thereto. No additional interest shall accrue on the Applicable Certificates after the Distribution Date specified in the first written notice. In the event that any money held by the
Trustee for the payment of distributions on the Applicable Certificates shall remain unclaimed for two years (or such lesser time as the Trustee shall be satisfied, after sixty days’ notice from the Company, is one month prior to the escheat
period provided under applicable law) after the final distribution date with respect thereto, the Trustee shall pay to each Loan Trustee the appropriate amount of money relating to such Loan Trustee and shall give written notice thereof to the
Company. 
 (b)    The provisions of this Section 7.01 supersede and replace the provisions of Section 11.01
of the Basic Agreement in its entirety, with respect to the Applicable Trust. 

  
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 ARTICLE VIII. 

MISCELLANEOUS PROVISIONS 
 
Section 8.01    Basic Agreement Ratified. Except and so far as herein expressly provided, all of the provisions, terms and conditions of the Basic Agreement are in all respects ratified and confirmed; and the
Basic Agreement and this Trust Supplement shall be taken, read and construed as one and the same instrument. All replacements of provisions of, and other modifications of the Basic Agreement set forth in this Trust Supplement are solely with respect
to the Applicable Trust. 
 Section 8.02    GOVERNING LAW. THE AGREEMENT
AND THE APPLICABLE CERTIFICATES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THIS SECTION 8.02 SUPERSEDES AND REPLACES SECTION 12.05 OF THE BASIC AGREEMENT, WITH RESPECT TO THE APPLICABLE TRUST. 

Section 8.03    Execution in Counterparts. This Trust Supplement may be
executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

Section 8.04    Intention of Parties. The parties hereto intend that the
Applicable Trust be classified for U.S. federal income tax purposes as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of 1986, as amended, and not as a trust or association taxable as a corporation or
as a partnership. Each Applicable Certificateholder and Investor, by its acceptance of its Applicable Certificate or a beneficial interest therein, agrees to treat the Applicable Trust as a grantor trust for all U.S. federal, state and local income
tax purposes. The powers granted and obligations undertaken pursuant to the Agreement shall be so construed so as to further such intent. 

[Signatures on following page] 

  
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 IN WITNESS WHEREOF, the Company and the Trustee have caused this Trust Supplement to be duly
executed by their respective officers thereto duly authorized, as of the day and year first written above. 
  

			
	AMERICAN AIRLINES, INC.
		
	By:	 	/s/ Thomas T. Weir
	Name:	 	Thomas T. Weir
	Title:	 	Vice President and Treasurer
	
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ Lynette J. Hilgar
	Name:	 	Lynette J. Hilgar
	Title:	 	Financial Service Officer

  
 [Signature Page
for Trust Supplement] 

 EXHIBIT A 

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 BY ITS ACQUISITION HEREOF, THE HOLDER (A) REPRESENTS
AND WARRANTS TO OR FOR THE BENEFIT OF THE COMPANY THAT EITHER (I) THE ASSETS OF A PLAN HAVE NOT BEEN USED TO PURCHASE OR HOLD THIS CERTIFICATE OR AN INTEREST HEREIN OR (II) THE PURCHASE AND HOLDING OF THIS CERTIFICATE OR INTEREST HEREIN BY
SUCH A PERSON IS EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS OF ERISA AND THE CODE PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS, OR AS APPLICABLE, ALL PROHIBITIONS UNDER ANY APPLICABLE SIMILAR LAW AND
(B)    DIRECTS THE TRUSTEE TO INVEST THE ASSETS HELD IN THE TRUST PURSUANT TO, AND TAKE ALL OTHER ACTIONS CONTEMPLATED BY, THE TERMS AND CONDITIONS OF THE BASIC AGREEMENT, THIS TRUST SUPPLEMENT, THE INTERCREDITOR AGREEMENT, THE
INTERCREDITOR AGREEMENT AMENDMENT, THE DEPOSIT AGREEMENT, THE ESCROW AGREEMENT, THE NPA, EACH PARTICIPATION AGREEMENT AMENDMENT AND EACH PARTICIPATION AGREEMENT. 

FURTHER, TO THE EXTENT THE HOLDER IS AN ERISA PLAN, SUCH HOLDER REPRESENTS AND WARRANTS THAT THE DECISION TO ACQUIRE OR ACCEPT THE CERTIFICATE OR INTEREST
THEREIN HAS BEEN MADE BY A DULY AUTHORIZED FIDUCIARY OF THE ERISA PLAN THAT (A) IS INDEPENDENT (AS THAT TERM IS USED IN 29 C.F.R. 2510.3-21(C)(1)) OF THE COMPANY AND ITS AFFILIATES AND THERE IS NO
FINANCIAL INTEREST, OWNERSHIP INTEREST, OR OTHER RELATIONSHIP, AGREEMENT OR UNDERSTANDING OR OTHERWISE THAT WOULD LIMIT ITS ABILITY TO CARRY OUT ITS FIDUCIARY RESPONSIBILITY TO THE ERISA PLAN; (B) IS A BANK, INSURANCE CARRIER, REGISTERED
INVESTMENT ADVISER, A REGISTERED BROKER-DEALER, OR AN INDEPENDENT FIDUCIARY THAT HOLDS, 

  
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OR HAS UNDER MANAGEMENT OR CONTROL, TOTAL ASSETS OF AT LEAST $50 MILLION (IN EACH CASE, AS SPECIFIED IN 29 C.F.R. 2510.3-21(C)(1)(I)(A)-(E)); (C) IS
NOT THE INDIVIDUAL RETIREMENT ACCOUNT (“IRA”) OWNER (IN THE CASE OF A PURCHASER WHICH IS AN IRA) (D) IS CAPABLE OF EVALUATING INVESTMENT RISKS INDEPENDENTLY, BOTH IN GENERAL AND WITH REGARD TO PARTICULAR TRANSACTIONS AND INVESTMENT
STRATEGIES (INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO THE DECISION TO ACQUIRE OR ACCEPT THE CERTIFICATE OR INTEREST THEREIN); (E) HAS BEEN FAIRLY INFORMED THAT THE COMPANY AND ITS AFFILIATES HAVE NOT AND WILL NOT UNDERTAKE TO PROVIDE IMPARTIAL
INVESTMENT ADVICE, OR TO GIVE ADVICE IN A FIDUCIARY CAPACITY, IN CONNECTION WITH THE ACQUISITION OR ACCEPTANCE OF THE CERTIFICATE OR INTEREST THEREIN; (F) HAS BEEN FAIRLY INFORMED THAT THE COMPANY AND ITS AFFILIATES HAVE FINANCIAL INTERESTS IN
THE ERISA PLAN’S ACQUISITION OR ACCEPTANCE OF THE CERTIFICATE OR INTEREST THEREIN, WHICH INTERESTS MAY CONFLICT WITH THE INTEREST OF THE ERISA PLAN, AS MORE FULLY DESCRIBED IN THE OFFERING MATERIALS; (G) IS A FIDUCIARY UNDER ERISA OR THE
CODE, OR BOTH, WITH RESPECT TO THE DECISION TO ACQUIRE OR ACCEPT THE CERTIFICATE OR INTEREST THEREIN AND IS RESPONSIBLE FOR EXERCISING (AND HAS EXERCISED) INDEPENDENT JUDGMENT IN EVALUATING WHETHER TO INVEST THE ASSETS OF SUCH ERISA PLAN IN THE
CERTIFICATE OR INTEREST THEREIN; AND (H) IS NOT PAYING THE COMPANY OR ANY OF ITS AFFILIATES, ANY FEE OR OTHER COMPENSATION DIRECTLY FOR THE PROVISION OF INVESTMENT ADVICE (AS OPPOSED TO OTHER SERVICES) IN CONNECTION WITH THE ERISA PLAN’S
ACQUISITION OR ACCEPTANCE OF THE CERTIFICATE OR INTEREST THEREIN. 
 CERTAIN TERMS USED HEREIN SHALL HAVE THE MEANINGS SPECIFIED IN THE TRUST SUPPLEMENT
(THE “AGREEMENT”). 

  
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 Trust Supplement No. 2012-2C(R) 

American Airlines Aircraft EETC 

 FORM OF CERTIFICATE 

Certificate 

No.                      

[Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to Issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of
DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch the
registered owner hereof, Cede & Co., has an interest herein.]* 
 AMERICAN
AIRLINES, INC. PASS THROUGH TRUST 2012-2C(R) 
 American Airlines, Inc. Pass Through Certificate,
Series 2012-2C(R) 
 Issuance Date: May 15, 2018 

Final Maturity Date: June 3, 2021 

Evidencing A Fractional Undivided Interest In The American Airlines, Inc. Pass Through Trust
2012-2C(R), The Property Of Which Shall Include Certain Equipment Notes Each Secured By An Aircraft Owned By American Airlines, Inc. 

$[_____________] Fractional Undivided Interest 

representing 0.0010000000% of the Trust per $1,000 face amount 

THIS CERTIFIES THAT __________, for value received, is the registered owner of a $___________
(___________________________________________________ DOLLARS) Fractional Undivided Interest in the American Airlines, Inc. Pass Through Trust 2012-2C(R) (the “Trust”) created by Wilmington
Trust Company, as trustee (the “Trustee”), pursuant to a Pass Through Trust Agreement, dated as of September 16, 2014 (the “Basic Agreement”), between the Trustee and American Airlines, Inc., a corporation
incorporated under Delaware law (the “Company”), as supplemented by Trust Supplement No. 2012-2C(R) thereto, dated as of May 15, 2018 (the “Trust Supplement” and,
together with the Basic Agreement, the “Agreement”), a summary of certain of the pertinent provisions of which is set forth below. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings
assigned to them in the Agreement. This Certificate is one of the duly authorized Certificates designated as “American Airlines, Inc. Pass Through Certificates, Series 2012-2C(R)” (herein
called the “Certificates”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement. By virtue of its acceptance hereof, the holder of this Certificate (the
“Certificateholder” and, together with all other holders of Certificates issued by the Trust, 
  

* This legend to appear on Book-Entry Certificates to be deposited with the Depository Trust Company.

  
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 Trust Supplement No. 2012-2C(R) 

American Airlines Aircraft EETC 

 
the “Certificateholders”) assents to and agrees to be bound by the provisions of the Agreement and the Intercreditor Agreement. The property of the Trust includes certain
Equipment Notes and all rights of the Trust to receive payments under the Intercreditor Agreement (the “Trust Property”). Each issue of the Equipment Notes is secured by, among other things, a security interest in an Aircraft owned
by the Company. 
 The Certificates represent Fractional Undivided Interests in the Trust and the Trust Property and have no rights,
benefits or interest in respect of any other separate trust established pursuant to the terms of the Basic Agreement for any other series of certificates issued pursuant thereto. 

Subject to and in accordance with the terms of the Agreement and the Intercreditor Agreement, from funds then available to the Trustee, there
will be distributed on June 3 and December 3 of each year (a “Regular Distribution Date”) commencing December 3, 2018 to the Person in whose name this Certificate is registered at the close of business on the 15th day
preceding the Regular Distribution Date, an amount in respect of the Scheduled Payments on the Equipment Notes due on such Regular Distribution Date, the receipt of which has been confirmed by the Trustee, equal to the product of the percentage
interest in the Trust evidenced by this Certificate and an amount equal to the sum of such Scheduled Payments. Subject to and in accordance with the terms of the Agreement and the Intercreditor Agreement, in the event that Special Payments on the
Equipment Notes are received by the Trustee, from funds then available to the Trustee, there shall be distributed on the applicable Special Distribution Date, to the Person in whose name this Certificate is registered at the close of business on the
15th day preceding the Special Distribution Date, an amount in respect of such Special Payments on the Equipment Notes, the receipt of which has been confirmed by the Trustee, equal to the product of the percentage interest in the Trust evidenced by
this Certificate and an amount equal to the sum of such Special Payments so received. If a Regular Distribution Date or Special Distribution Date is not a Business Day, distribution shall be made on the immediately following Business Day with the
same force and effect as if made on such Regular Distribution Date or Special Distribution Date and no interest shall accrue during the intervening period. The Trustee shall mail notice of each Special Payment and the Special Distribution Date
therefor to the Certificateholder of this Certificate. 
 Distributions on this Certificate will be made by the Trustee by check mailed to
the Person entitled thereto, without presentation or surrender of this Certificate or the making of any notation hereon, except that with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such
distribution shall be made by wire transfer. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Certificate will be made after notice mailed by the Trustee of the pendency of such distribution
and only upon presentation and surrender of this Certificate at the office or agency of the Trustee specified in such notice. 
 The
Certificates do not represent a direct obligation of, or an obligation guaranteed by, or an interest in, the Company or the Trustee or any affiliate thereof. The Certificates are limited in right of payment, all as more specifically set forth on the
face hereof and in the Agreement. All payments or distributions made to Certificateholders under the Agreement shall be made only from the Trust Property and only to the extent that the Trustee shall have sufficient income or

  
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American Airlines Aircraft EETC 

 
proceeds from the Trust Property to make such payments in accordance with the terms of the Agreement. Each Certificateholder of this Certificate, by its acceptance hereof, agrees that it will
look solely to the income and proceeds from the Trust Property to the extent available for distribution to such Certificateholder as provided in the Agreement. This Certificate does not purport to summarize the Agreement and reference is made to the
Agreement for information with respect to the interests, rights, benefits, obligations, privileges, and duties evidenced hereby. A copy of the Agreement may be examined during normal business hours at the principal office of the Trustee, and at such
other places, if any, designated by the Trustee, by any Certificateholder upon request. 
 The Agreement permits, with certain exceptions
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the
Certificateholders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the Trust. Any such consent by the Certificateholder of this Certificate shall be conclusive and binding on such
Certificateholder and upon all future Certificateholders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent is made upon this Certificate. The
Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Certificateholders of any of the Certificates. 

As provided in the Agreement and subject to certain limitations set forth therein, the transfer of this Certificate is registrable in the
Register upon surrender of this Certificate for registration of transfer at the offices or agencies maintained by the Trustee in its capacity as Registrar, or by any successor Registrar, duly endorsed or accompanied by a written instrument of
transfer in form satisfactory to the Trustee and the Registrar, duly executed by the Certificateholder hereof or such Certificateholder’s attorney duly authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same aggregate Fractional Undivided Interest in the Trust will be issued to the designated transferee or transferees. 

The Certificates are issuable only as registered Certificates without coupons in minimum denominations of $1,000 Fractional Undivided Interest
and integral multiples thereof, except that one Certificate may be issued in a different denomination. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of
authorized denominations evidencing the same aggregate Fractional Undivided Interest in the Trust, as requested by the Certificateholder surrendering the same. 

No service charge will be made for any such registration of transfer or exchange, but the Trustee shall require payment of a sum sufficient to
cover any tax or governmental charge payable in connection therewith. 
 Each Certificateholder and Investor, by its acceptance of this
Certificate or a beneficial interest herein, agrees to treat the Trust as a grantor trust for all U.S. federal, state and local income tax purposes. 

  
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American Airlines Aircraft EETC 

 The Trustee, the Registrar, and any agent of the Trustee or the Registrar may treat the person in
whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Registrar, nor any such agent shall be affected by any notice to the contrary. 

The obligations and responsibilities created by the Agreement and the Trust created thereby shall terminate upon the distribution to
Certificateholders of all amounts required to be distributed to them pursuant to the Agreement and the disposition of all property held as part of the Trust Property. 

Any Person acquiring or accepting this Certificate or an interest herein will, by such acquisition or acceptance, be deemed to
(a) represent and warrant to or for the benefit of the Company that either: (i) the assets of a Plan have not been used to purchase or hold this Certificate or an interest herein or (ii) the purchase and holding of this Certificate or
interest herein by such Person is exempt from the prohibited transaction restrictions of ERISA and the Code or provisions of Similar Law pursuant to one or more prohibited transaction statutory or administrative exemptions or similar exemptions
under applicable Similar Law; and (b) direct the Trustee to invest the assets held in the Trust pursuant to, and take all other actions contemplated by, the terms and conditions of the Basic Agreement, this Trust Supplement, the Intercreditor
Agreement, the Intercreditor Agreement Amendment, the Deposit Agreement, the Escrow Agreement, the NPA, each Participation Agreement Amendment and each Participation Agreement. 

Further, each person who is an ERISA Plan and acquires or accepts a Certificate or an interest therein will, by such acquisition or
acceptance, be deemed to have represented and warranted that the decision to acquire or accept the Certificate or interest therein has been made by a duly authorized fiduciary of the ERISA Plan that (a) is independent (as that term is used in
29 C.F.R. 2510.3-21(c)(1)) of the Company and its affiliates and there is no financial interest, ownership interest, or other relationship, agreement or understanding or otherwise that would limit its ability
to carry out its fiduciary responsibility to the ERISA Plan; (b) is a bank, insurance carrier, registered investment adviser, a registered broker-dealer, or an independent fiduciary that holds, or has under management or control, total assets
of at least $50 million (in each case, as specified in 29 C.F.R. 2510.3-21(c)(1)(i)(A)-(E)); (c) is not the individual retirement account (“IRA”) owner (in the case of a purchaser which is an
IRA) (d) is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including, without limitation, with respect to the decision to acquire or accept the
Certificate or interest therein); (e) has been fairly informed that the Company and its affiliates have not and will not undertake to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the acquisition
or acceptance of the Certificate or interest therein; (f) has been fairly informed that the Company and its affiliates have financial interests in the ERISA Plan’s acquisition or acceptance of the Certificate or interest therein, which
interests may conflict with the interest of the ERISA Plan, as more fully described in the offering materials; (g) is a fiduciary under ERISA or the Code, or both, with respect to the decision to acquire or accept the Certificate or interest
therein and is responsible for exercising (and has exercised) independent judgment in evaluating whether to invest the assets of such ERISA Plan in the Certificate or interest therein; and (h) is not paying the Company or any of its affiliates,
any fee or other compensation directly for the provision of investment advice (as opposed to other services) in connection with the ERISA Plan’s acquisition or acceptance of the Certificate or interest therein. 

  
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American Airlines Aircraft EETC 

 THE AGREEMENT AND THIS CERTIFICATE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled
to any benefit under the Agreement or be valid for any purpose. 

  
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 Trust Supplement No. 2012-2C(R) 

American Airlines Aircraft EETC 

 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. 

 

			
	AMERICAN AIRLINES, INC. PASS THROUGH TRUST 2012-2C(R)
		
	By:	 	WILMINGTON TRUST COMPANY,
		 	as Trustee
		
	By	 	 
		 	Name:
		 	Title:

  
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 Trust Supplement No. 2012-2C(R) 

American Airlines Aircraft EETC 

 FORM OF THE TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Certificates referred to in the within-mentioned Agreement. 

 

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By	 	 
		 	Name:
		 	Title:

  
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 Trust Supplement No. 2012-2C(R) 

American Airlines Aircraft EETC 

 EXHIBIT B 

DTC LETTER OF REPRESENTATIONS 

  
 B-1 

 The Depository Trust Company 

A subsidiary of the Depository Trust & Clearing Corporation 

ISSUER LETTER OF REPRESENTATIONS 

(To be completed by Issuer and Co-Issuer(s), if applicable) 

American Airlines Pass Through Trust 2012-2C(R) 

 
 (Name of Issuer and Co-Issuer(s), if applicable) 
 4.700% American Airlines Pass Through Certificates, Series 2012-2C(R) 
  

(Security Description, including series designation if applicable) 

02377H AA1 
  

(CUSIP Number(s) of the Securities) 
  

			
		 	                May 15, 2018                

		 	(Date)

 The Depository Trust Company 

570 Washington Blvd, 4th FL 

Jersey City, NJ 07310 
 Attention: Underwriting Department 

Ladies and Gentlemen: 
 This letter sets forth
our understanding with respect to the Securities represented by the CUSIP number(s) referenced above (the “Securities”). Issuer requests that The Depository Trust Company (“DTC”) accept the Securities as eligible for deposit at
DTC. 
 Issuer is: (Note: Issuer must represent one and cross out the other.) 

[formed under the laws of] Delaware. 
 The DTC Clearing
Participant Deutsche Bank Securities Inc. will distribute the Securities through DTC. 
 To induce DTC to accept the Securities as
eligible for deposit at DTC, and to act in accordance with DTC’s Rules with respect to the Securities, Issuer represents to DTC that Issuer will comply with the requirements stated in DTC’s Operational Arrangements, as they may be amended
from time to time. 

 

 Note: 

Schedule A contains statements that DTC believes accurately describe DTC, the method of effecting book-entry transfers of securities distributed through DTC,
and certain related matters. 

 Very truly yours, 

American Airlines Pass Through Trust 2012-2C(R) 

By: Wilmington Trust Company, as Trustee 

 
 (Issuer) 

 

			
	By:	 	/s/ Jose L. Paredes
		 	(Authorized Officer’s Signature)

 Jose L. Paredes 

 
 (Print Name) 

Wilmington Trust Company 
 1100
North Market Street 
  
 (Street
Address) 

    Wilmington        Delaware        USA   
     19890     
  

        (City)                 
       (State)              (Country)        (Zip Code)     

### 
  

(Phone Number) 
 ### 

 

(E-mail Address)

 

 The Depository Trust Company 

A subsidiary of the Depository Trust & Clearing Corporation 

Additional Signature Page to 

ISSUER LETTER OF REPRESENTATIONS 

For use with Co-Issuers 

 
       

 
 Name of Issuer and Co-lssuer(s) 

In signing this Issuer Letter of Representations dated as of
                                . 

Co-Issuer agrees to and shall be bound by all “Issuer” representations. 

 

       

 

(Co-Issuer) 
  

			
	By:	 	 
		 	(Authorized Officer’s Signature)

  

      

 
 (Print Name) 

 
       

 
 (Street Address) 

 
       

 

        (City)                 
       (State)                  (Country)              
  (Zip Code)     
  

      

 
 (Phone Number) 

 
       

 

(E-mail Address)

 
 

  

 SCHEDULE A 

(To Issuer Letter of Representations) 

SAMPLE OFFERING DOCUMENT LANGUAGE 

DESCRIBING BOOK-ENTRY-ONLY ISSUANCE 

(Prepared by DTC—bracketed material may be applicable only to certain issues) 

1. The Depository Trust Company (“DTC”), New York, NY, will act as securities depository for the securities (the
“Securities”). The Securities will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One
fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregate principal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of [any] issue exceeds
$500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.] 

2. DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a
“banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency”
registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues,
corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of
sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates.
Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The
Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by
the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations
that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+. The DTC Rules applicable to its
Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. 
 3.
Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC’s records. The ownership interest of each actual purchaser of each Security (“Beneficial
Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written
confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the
Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Securities, except in
the event that use of the book-entry system for the Securities is discontinued. 
 4. To facilitate subsequent transfers, all Securities
deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their
registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC’s records reflect only the identity of the
Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 

 SCHEDULE A 

(To Issuer Letter of Representations) 
  

 5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct
Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time.
[Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security
documents. For example, Beneficial Owners of Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to
provide their names and addresses to the registrar and request that copies of notices be provided directly to them.] 
 [6. Redemption
notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed.] 

7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a
Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting
rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 

8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such other nominee as
may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from Issuer or Agent, on payable date in accordance
with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer
form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, Agent, or Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption
proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of issuer or Agent, disbursement of such payments to Direct Participants
will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. 

[9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant, to
[Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant to transfer the Participant’s interest in the Securities, on DTC’s records, to [Tender/Remarketing] Agent. The requirement for
physical delivery of Securities in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC’s records and followed by a
book-entry credit of tendered Securities to [Tender/Remarketing] Agent’s DTC account.] 
 10. DTC may discontinue providing its
services as depository with respect to the Securities at any time by giving reasonable notice to Issuer or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed
and delivered. 
 11. Issuer may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor securities
depository). In that event, Security certificates will be printed and delivered to DTC. 
 12. The information in this section concerning
DTC and DTC’s book-entry system has been obtained from sources that Issuer believes to be reliable, but Issuer takes no responsibility for the accuracy thereof. 

 EXHIBIT C 

ARTICLES I – XII OF THE BASIC AGREEMENT 

  
 C-1 

 EXHIBIT C 

ARTICLES I – XII OF THE BASIC AGREEMENT 

ARTICLE I 
 DEFINITIONS 

Section 1.01. Definitions. For all purposes of this Basic Agreement, except as otherwise expressly provided or unless the context
otherwise requires: 
 (1) the terms used herein that are defined in this Article I have the meanings assigned to them
in this Article I, and include the plural as well as the singular; 
 (2) all other terms used herein that are defined
in the Trust Indenture Act, either directly or by reference therein, or by the rules promulgated under the Trust Indenture Act, have the meanings assigned to them therein; 

(3) all references in this Basic Agreement to designated “Articles,” “Sections,” “Subsections”
and other subdivisions are to the designated Articles, Sections, Subsections and other subdivisions of this Basic Agreement; 

(4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
Basic Agreement as a whole and not to any particular Article, Section, Subsection or other subdivision; 
 (5) unless the
context otherwise requires, whenever the words “including,” “include” or “includes” are used herein, it shall be deemed to be followed by the phrase “without limitation”; and 

(6) the term “this Agreement” (as distinguished from “this Basic Agreement”) refers, unless the context
otherwise requires, to this Basic Agreement as supplemented by the Trust Supplement creating a particular Trust and establishing the series of Certificates issued or to be issued in respect thereof, with reference to such Trust and such series of
Certificates, as this Basic Agreement as so supplemented may be further supplemented with respect to such Trust and such series of Certificates. 

Act: Has the meaning, with respect to any Certificateholder, specified in Section 1.04(a). 

Affiliate: Means, with respect to any specified Person, any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such Person. For the purposes of this definition, “Control,” when used with respect to any specified Person, means the power, directly or indirectly, to direct the management and policies of such
Person, whether through the ownership of voting securities or by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

  
 C-1 

 Aircraft: Means one or more aircraft, including engines therefor, owned by or leased to
the Company and securing one or more Equipment Notes. 
 Authorized Agent: Means, with respect to the Certificates of any series, any
Paying Agent or Registrar for the Certificates of such series. 
 Avoidable Tax: Has the meaning specified in Section 7.09(e).

 Basic Agreement: Means this Pass Through Trust Agreement, as the same may from time to time be supplemented, amended or modified,
but does not include any Trust Supplement. 
 Book-Entry Certificates: Means, with respect to the Certificates of any series, a
beneficial interest in the Certificates of such series, ownership and transfers of which shall be made through book entries as described in Section 3.05. 

Business Day: Means, with respect to the Certificates of any series, any day other than a Saturday, a Sunday or a day on which
commercial banks are required or authorized to close in Phoenix, Arizona, New York, New York, or, so long as any Certificate of such series is outstanding, the city and state in which the Trustee or any related Loan Trustee maintains its Corporate
Trust Office or receives and disburses funds. 
 Certificate: Means any one of the certificates executed and authenticated by the
Trustee, substantially in the form attached to the Trust Supplement establishing such series of Certificates. 
 Certificate Account:
Means, with respect to the Certificates of any series, the account or accounts created and maintained for such series pursuant to Section 4.01(a) and the related Trust Supplement. 

Certificateholder or Holder: Means, with respect to the Certificates of any series, the Person in whose name a Certificate of
such series is registered in the Register for Certificates of such series. 
 Certificate Owner: Means, with respect to the
Certificates of any series, for purposes of Section 3.05, the Person who owns a Book-Entry Certificate of such series. 
 Clearing
Agency: Means an organization registered as a “clearing agency” pursuant to Section 17A of the Securities Exchange Act of 1934, as amended. 

Clearing Agency Participant: Means a broker, dealer, bank, other financial institution or other Person for whom from time to time a
Clearing Agency effects, directly or indirectly, book-entry transfers and pledges of securities deposited with the Clearing Agency. 

Company: Means US Airways, Inc., a Delaware corporation, or its successor in interest pursuant to Section 5.02, or (only in the
context of provisions hereof, if any, when such reference is required for purposes of compliance with the Trust Indenture Act) any other “obligor” (within the meaning of the Trust Indenture Act) with respect to the Certificates of any
series. 

  
 C-2 

 Controlling Party: Means, with respect to the Certificates of any series, the Person
entitled to act as such pursuant to the terms of the related Intercreditor Agreement. 
 Corporate Trust Office: Means, with respect
to the Trustee or any Loan Trustee, the office of such trustee in the city at which at any particular time its corporate trust business shall be principally administered. 

Cut-Off Date: Means, with respect to the Certificates of any series, the date designated as such
in the Trust Supplement establishing such series. 
 Definitive Certificates: Has the meaning, with respect to the Certificates of any
series, specified in Section 3.05. 
 Direction: Has the meaning specified in Section 1.04(a). 

Distribution Date: Means any Regular Distribution Date, Special Distribution Date or Initial Regular Distribution Date. 

Equipment Notes: Means, with respect to any Trust, any one of the notes, certificates or instruments issued pursuant to any Indenture
and described as “Equipment Notes” in, or on a schedule attached to, the Trust Supplement in respect of such Trust and to be held by the Trustee as part of such Trust, including any Equipment Note (as so defined) issued under the
applicable Indenture in replacement thereof or substitution therefor. 
 ERISA: Means the Employee Retirement Income Security Act
of 1974, as amended from time to time, or any successor federal statute. 
 Escrow Account: Has the meaning, with respect to any
Trust, specified in Section 2.02(b). 
 Escrowed Funds: Has the meaning, with respect to any Trust, specified in
Section 2.02(b). 
 Event of Default: Means, in respect of any Trust, an Indenture Event of Default under any Indenture pursuant
to which Equipment Notes held by such Trust were issued and such other event as may be designated under the related Trust Supplement as an “Event of Default.” 

Fractional Undivided Interest: Means the fractional undivided interest in a Trust that is evidenced by a Certificate relating to such
Trust. 
 Guarantee: Means, with respect to the Certificates of any series, a guarantee by the Parent of the obligations of the
Company under any Equipment Notes or any Leases related to Equipment Notes to be acquired and held in the Trust as to which the Certificates of such series represent fractional undivided interests. 

Indenture: Means, with respect to any Trust, each of the one or more separate trust indenture and security agreements or trust indenture
and mortgages or similar documents described in, or on a schedule attached to, the Trust Supplement and an indenture having 

  
 C-3 

 
substantially the same terms and conditions which relates to a Substitute Aircraft, as each such indenture may be amended or supplemented in accordance with its respective terms; and
“Indentures” means all of such agreements. 
 Indenture Event of Default: Means, with respect to any Indenture, any
Indenture Event of Default (as such term is defined in such Indenture). 
 Initial Regular Distribution Date: Means, with respect to
the Certificates of any series, the first Regular Distribution Date on which a Scheduled Payment is to be made. 
 Intercreditor
Agreement: Means (a) any agreement by and among the Trustee, as trustee hereunder with respect to one or more Trusts, one or more Liquidity Providers, if applicable, and a Subordination Agent providing, among other things, for the
distribution of payments made in respect of Equipment Notes held by such Trusts, or (b) such other agreement or agreements designated as an “Intercreditor Agreement” in the Trust Supplement relating to any Trust. 

Issuance Date: Means, with respect to the Certificates of any series, the date of the issuance of such Certificates. 

Lease: Means any lease between an Owner Trustee, as the lessor (or such other Person acting as the lessor), and the Company, as the
lessee, referred to in the related Indenture, as such lease may be amended, supplemented or otherwise modified in accordance with its terms; and “Leases” means all such Leases. 

Letter of Representations: Means, with respect to the Certificates of any series, an agreement among the Company, the Trustee and the
initial Clearing Agency substantially in the form attached as an Exhibit to the related Trust Supplement, as such letter may be modified or supplemented, or any successor letter thereto. 

Liquidity Facility: Means, with respect to the Certificates of any series or any Equipment Notes, (a) any revolving credit
agreement, letter of credit, bank guarantee, insurance policy, surety bond or financial guaranty or any other type of agreement or arrangement for the provision of insurance, a guarantee or other credit enhancement or liquidity support relating to
the Certificates of such series between a Liquidity Provider and a Subordination Agent or one or more other Persons, as amended, replaced, supplemented or otherwise modified from time to time in accordance with its terms and, if applicable, the
terms of any Intercreditor Agreement, or (b) such other agreement or agreements designated as a “Liquidity Facility” in the Trust Supplement relating to any Trust. 

Liquidity Provider: Means, with respect to the Certificates of any series, a bank, insurance company, financial institution or other
Person that agrees to provide a Liquidity Facility for the benefit of the holders of Certificates of such series. 
 Loan Trustee:
Means, with respect to any Equipment Note or the Indenture applicable thereto, the bank, trust company or other financial institution designated as loan or indenture trustee under such Indenture, and any successor to such Loan Trustee as such
trustee; and “Loan Trustees” means all of the Loan Trustees under the Indentures. 

  
 C-4 

 Note Documents: Means, with respect to the Certificates of any series, the Equipment Notes
with respect to such Certificates and, with respect to such Equipment Notes, the related Participation Agreement, Indenture, Note Purchase Agreement, Purchase Agreement Assignment and, if the related Aircraft is leased to the Company, the Lease and
the Trust Agreement relating to such Aircraft, and, if the Parent has guaranteed the obligations of the Company under any such Equipment Notes or Leases, the Guarantee. 

Note Purchase Agreement: Means, with respect to the Certificates of any series, any note purchase, refunding, participation or similar
agreement providing for, among other things, the purchase of Equipment Notes by the Trustee on behalf of the relevant Trust; and “Note Purchase Agreements” means all such agreements. 

Officer’s Certificate: Means a certificate signed, (a) in the case of the Company by (i) the Chairman or Vice Chairman of
the Board of Directors, the President, any Executive Vice President, any Senior Vice President or the Treasurer of the Company signing alone, or (ii) any Vice President of the Company signing together with the Secretary, the Assistant
Secretary, the Treasurer or any Assistant Treasurer of the Company or (b) in the case of the Trustee or an Owner Trustee or a Loan Trustee, a Responsible Officer of the Trustee or such Owner Trustee or such Loan Trustee, as the case may be.

 Opinion of Counsel: Means a written opinion of legal counsel who (a) in the case of counsel for the Company may be (i) a
senior attorney of the Company one of whose principal duties is furnishing advice as to legal matters, (ii) Latham & Watkins LLP or (iii) such other counsel designated by the Company and reasonably acceptable to the Trustee and
(b) in the case of any Owner Trustee or any Loan Trustee, may be such counsel as may be designated by any of them whether or not such counsel is an employee of any of them, and who shall be reasonably acceptable to the Trustee. 

Other Agreements: Has the meaning specified in Section 6.01(b). 

Outstanding: When used with respect to Certificates of any series, means, as of the date of determination, all Certificates of such
series theretofore authenticated and delivered under this Agreement, except: 
 (i) Certificates of such series theretofore
cancelled by the Registrar or delivered to the Trustee or the Registrar for cancellation; 
 (ii) All of the Certificates of
such series if money in the full amount required to make the final distribution with respect to such series pursuant to Section 11.01 hereof has been theretofore deposited with the Trustee in trust for the Holders of the Certificates of such
series as provided in Section 4.01, pending distribution of such money to such Certificateholders pursuant to payment of such final distribution payment; and 

(iii) Certificates of such series in exchange for or in lieu of which other Certificates of such series have been authenticated
and delivered pursuant to this Agreement. 

  
 C-5 

 Owner Participant: Means, with respect to any Equipment Note, the “Owner
Participant”, if any, as referred to in the Indenture pursuant to which such Equipment Note is issued and any permitted successor or assign of such Owner Participant; and “Owner Participants” at any time of determination means all of
the Owner Participants thus referred to in the Indentures. 
 Owner Trustee: Means, with respect to any Equipment Note, the
“Owner Trustee”, if any, as referred to in the Indenture pursuant to which such Equipment Note is issued, not in its individual capacity but solely as trustee; and “Owner Trustees” means all of the Owner Trustees party to any of
the related Indentures. 
 Parent: Means US Airways Group, Inc., a Delaware corporation, and its successors and assigns. 

Paying Agent: Means, with respect to the Certificates of any series, the paying agent maintained and appointed for the Certificates of
such series pursuant to Section 7.12. 
 Permitted Investments: Means obligations of the United States of America or agencies or
instrumentalities thereof for the payment of which the full faith and credit of the United States of America is pledged, maturing in not more than 60 days after the date of acquisition thereof or such lesser time as is required for the
distribution of any Special Payments on a Special Distribution Date. 
 Person: Means any person, including any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, trustee, unincorporated organization, or government or any agency or political subdivision thereof. 

Pool Balance: Means, with respect to the Certificates of any series as of any date, except to the extent otherwise provided in the
applicable Trust Supplement, (i) the original aggregate face amount of the Certificates of such series less (ii) the aggregate amount of all distributions made in respect of such Certificates other than distributions made in respect of
interest or premium thereon or reimbursement of any costs or expenses incurred in connection therewith. The Pool Balance as of any Distribution Date shall be computed after giving effect to the payment of principal, if any, on the Equipment Notes or
other Trust Property held in the Trust and the distribution thereof to be made on such Distribution Date. 
 Pool Factor: Means, with
respect to any series of Certificates as of any date, except to the extent otherwise provided in the applicable Trust Supplement, the quotient (rounded to the seventh decimal place) computed by dividing (i) the Pool Balance of such series as of
such date by (ii) the original aggregate face amount of the Certificates of such series. The Pool Factor as of any Distribution Date shall be computed after giving effect to the payment of principal, if any, on the Equipment Notes or other
Trust Property held in the Trust relating to such series and the distribution thereof to be made on such Distribution Date. 
 Postponed
Notes: Means, with respect to any Trust or the related series of Certificates, the Equipment Notes to be held in such Trust as to which a Postponement Notice shall have been delivered pursuant to Section 2.02(b). 

  
 C-6 

 Postponement Notice: Means, with respect to any Trust or the related series of
Certificates, an Officer’s Certificate of the Company (1) requesting that the Trustee temporarily postpone purchase of the related Equipment Notes to a date later than the Issuance Date of such series of Certificates, (2) identifying
the amount of the purchase price of each such Equipment Note and the aggregate purchase price for all such Equipment Notes, (3) setting forth the reasons for such postponement and (4) with respect to each such Equipment Note, either
(a) setting or resetting a new Transfer Date (which shall be on or prior to the applicable Cut-off Date) for payment by the Trustee of such purchase price and issuance of the related Equipment Note
(subject to subsequent change from time to time in accordance with the relevant Note Purchase Agreement), or (b) indicating that such new Transfer Date (which shall be on or prior to the applicable
Cut-off Date) will be set by subsequent written notice not less than one Business Day prior to such new Transfer Date (subject to subsequent change from time to time in accordance with the relevant Note
Purchase Agreement). 
 Potential Purchaser: Has the meaning, with respect to any Certificateholder, specified in
Section 6.01(b). 
 PTC Event of Default: Means, with respect to the Certificates of any series, any failure to pay within ten
Business Days of the due date thereof: (i) the outstanding Pool Balance of such series of Certificates on the date specified in any Trust Supplement for such payment or (ii) interest due on the Certificates of such series on any
Distribution Date (unless the related Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the related Intercreditor Agreement), or a withdrawal or withdrawals pursuant to a cash collateral account under such
Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee). 

Purchase Agreement Assignment: Has the meaning, with respect to the Certificates of any series, specified therefor in the related
Participation Agreement. 
 Purchasing Certificateholder: Has the meaning, with respect to any Certificateholder, specified in
Section 6.01(b). 
 Record Date: Means, with respect to any Trust or the related series of Certificates, (i) for Scheduled
Payments to be distributed on any Regular Distribution Date, other than the final distribution with respect to such series, the 15th day (whether or not a Business Day) preceding such Regular Distribution Date, or such other date as shall be
specified for such series in the applicable Trust Supplement, and (ii) for Special Payments to be distributed on any Special Distribution Date, other than the final distribution with respect to such series, the 15th day (whether or not a
Business Day) preceding such Special Distribution Date, or such other date as shall be specified for such series in the applicable Trust Supplement. 

Register and Registrar: Means, each with respect to the Certificates of any series, the register maintained and the registrar
appointed pursuant to Sections 3.04 and 7.12. 
 Regular Distribution Date: Means, with respect to distributions of
Scheduled Payments in respect of any series of Certificates, each date designated as such in this Agreement, until payment of all the Scheduled Payments to be made under the Equipment Notes held in the Trust

  
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have been made, or until such Equipment Notes have been redeemed or otherwise prepaid in full; provided that, if any such day is not a Business Day, the related distribution shall be made
on the next succeeding Business Day. 
 Request: Means a request by the Company setting forth the subject matter of the request
accompanied by an Officer’s Certificate and an Opinion of Counsel as provided in Section 1.02 of this Basic Agreement. 

Responsible Officer: Means, with respect to any Trustee, any Loan Trustee and any Owner Trustee, any officer in the Corporate Trust
Department or similar department of the Trustee, Loan Trustee or Owner Trustee or any other officer customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any
corporate trust matter is referred because of his knowledge of and familiarity with a particular subject. 
 Responsible Party: Means,
with respect to the Certificates of any series, the Person designated as such in the related Trust Supplement. 
 Scheduled Payment:
Means, with respect to any Equipment Note, except to the extent otherwise provided in the applicable Trust Supplement, (i) any payment of principal or interest on such Equipment Note (other than any such payment which is not in fact received by
the Trustee or any Subordination Agent within five days after the date on which such payment is scheduled to be made) or (ii) any payment of interest on the Certificates of any series with funds drawn under the Liquidity Facility for such
series (other than any such payment which is not in fact received by the Trustee or any Subordination Agent within five days after the date upon which payment is scheduled to be made), which payment in the case of clauses (i) or
(ii) represents an installment of principal on such Equipment Note at the stated maturity of such installment, the payment of regularly scheduled interest accrued on the unpaid principal amount of such Equipment Note, or both; provided,
however, that any payment of principal, premium, if any, or interest resulting from the redemption or purchase of any Equipment Note shall not constitute a Scheduled Payment. 

SEC: Means the Securities and Exchange Commission, as from time to time constituted or created under the Securities Exchange Act
of 1934, as amended, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties on such date. 

Selling Certificateholder: Has the meaning, with respect to any Certificateholder, specified in Section 6.01(b). 

Special Distribution Date: Means, with respect to the Certificates of any series, each date on which a Special Payment is to be
distributed as specified in this Agreement; provided that, if any such day is not a Business Day, the related distribution shall be made on the next succeeding Business Day. 

Special Payment: Means, except to the extent otherwise provided in the applicable Trust Supplement, (i) any payment (other than a
Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Trust Indenture Estate (as defined in each Indenture relating to such 

  
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Trust), (ii) the amounts required to be distributed pursuant to the last paragraph of Section 2.02(b), or (iii) the amounts required to be distributed pursuant to the penultimate
paragraph of Section 2.02(b). 
 Special Payment Accounts: Means, with respect to the Certificates of any series, the account or
accounts created and maintained for such series pursuant to Section 4.01(b) and the related Trust Supplement. 
 Specified
Investments: Means, with respect to any Trust, unless otherwise specified in the related Trust Supplement, (i) obligations of, or guaranteed by, the United States Government or agencies thereof, (ii) open market commercial paper of any
corporation incorporated under the laws of the United States of America or any state thereof rated at least P-2 or its equivalent by Moody’s Investors Service, Inc. (“Moody’s”) or at
least A-2 or its equivalent by Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (“S&P”), (iii) certificates of
deposit issued by commercial banks organized under the laws of the United States or of any political subdivision thereof having a combined capital and surplus in excess of $500,000,000 which banks or their holding companies have a rating of A or its
equivalent by Moody’s or A2 or its equivalent by S&P; provided, however, that the aggregate amount at any one time so invested in certificates of deposit issued by any one bank shall not exceed 5% of such bank’s
capital and surplus, (iv) U.S. dollar-denominated offshore certificates of deposit issued by, or offshore time deposits with, any commercial bank described in clause (iii) above or any subsidiary thereof and (v) repurchase
agreements with any financial institution having combined capital and surplus of at least $500,000,000 with any of the obligations described in clauses (i) through (iv) above as collateral; provided further, that if all of
the above investments are unavailable, the entire amounts to be invested may be used to purchase federal funds from an entity described in clause (iii) above. 

Subordination Agent: Has the meaning, with respect to the Certificates of any series, specified therefor in the relevant Intercreditor
Agreement. 
 Substitute Aircraft: Means, with respect to any Trust, any Aircraft of a type specified in this Agreement and, at the
election of the Company, substituted prior to the applicable Cut-off Date, if any, pursuant to the terms of this Agreement. 

Transfer Date: Has the meaning, with respect to the Certificates of any series, assigned to that term or any of the terms “Delivery
Date,” “Funding Date” or “Closing Date” in any relevant Note Purchase Agreement, and in any event refers to any such date as it may be changed from time to time in accordance with the terms of such Note Purchase Agreement.

 Triggering Event: Has the meaning, with respect to the Certificates of any series, specified therefor in the relevant Intercreditor
Agreement. 
 Trust: Means, with respect to the Certificates of any series, the separate trust created under this Agreement. 

Trustee: Means Wilmington Trust Company, or its successor in interest, and any successor or other trustee appointed as provided herein.

  
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 Trust Indenture Act: Except as otherwise provided in Section 9.06, means, with
respect to any particular Trust, the Trust Indenture Act of 1939, as in force at the date as of which the related Trust Supplement was executed. 

Trust Property: Means, with respect to any Trust, except to the extent otherwise provided in the applicable Trust Supplement,
(i) subject to any related Intercreditor Agreement, the Equipment Notes held as the property of such Trust, the related Guarantee, if any, all monies at any time paid thereon and all monies due and to become due thereunder, (ii) debt
instruments issued by the Company in accordance with the first paragraph of Section 2.02(b), (iii) funds from time to time deposited in the related Escrow Account, the related Certificate Account and the related Special Payments Account
and, subject to any related Intercreditor Agreement, any proceeds from the sale by the Trustee pursuant to Article VI hereof of any Equipment Note referred to in (i) above, (iv) all rights of such Trust and the Trustee, on behalf of
the Trust, under any Intercreditor Agreement or Note Purchase Agreement, including, without limitation, all monies receivable in respect of such rights, and (v) all monies receivable under any Liquidity Facility for such Trust. 

Trust Supplement: Means an agreement supplemental hereto pursuant to which (i) a separate Trust is created for the benefit of the
Holders of the Certificates of a series, (ii) the issuance of the Certificates of such series representing fractional undivided interests in such Trust is authorized and (iii) the terms of the Certificates of such series are established,
as such agreement may from time to time be supplemented, amended or otherwise modified. 
 Section 1.02. Compliance Certificates and
Opinions. Upon any application or request (except with respect to matters set forth in Article II) by the Company, any Owner Trustee or any Loan Trustee to the Trustee to take any action under any provision of this Basic Agreement or, in
respect of the Certificates of any series, this Agreement, the Company, such Owner Trustee or such Loan Trustee, as the case may be, shall furnish to the Trustee (i) an Officer’s Certificate stating that, in the opinion of the signer or
signers, all conditions precedent, if any, provided for in this Basic Agreement or this Agreement relating to the proposed action have been complied with and (ii) an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Basic Agreement or this Agreement
relating to such particular application or request, no additional certificate or opinion need be furnished. 
 Every Officer’s
Certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Basic Agreement or, in respect of the Certificates of any series, this Agreement (other than a certificate provided pursuant to
Section 8.04(d)) or any Trust Supplement shall include: 
 (1) a statement that (x) each individual signing such
certificate or (y) each firm or person executing such Opinion of Counsel has read such covenant or condition and the definitions in this Basic Agreement or this Agreement relating thereto; 

  
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 (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or Opinion of Counsel are based; 
 (3) a
statement that, in the opinion of each such individual or firm, he or it has made such examination or investigation as is necessary to enable him or it to express an informed opinion as to whether or not such covenant or condition has been complied
with; and 
 (4) a statement as to whether, in the opinion of each such individual or firm, such condition or covenant has
been complied with. 
 Section 1.03. Form of Documents Delivered to Trustee. In any case where several matters are required to
be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one
such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters and any such Person may certify or give an opinion as to such matters in one or several documents. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Basic Agreement or, in respect of the Certificates of any series, this Agreement, they may, but need not, be consolidated and form one instrument. 

Section 1.04. Directions of Certificateholders. (a) Any direction, consent, request, demand, authorization, notice, waiver
or other action provided by this Agreement in respect of the Certificates of any series to be given or taken by Certificateholders (a “Direction”) may be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Certificateholders in person or by an agent or proxy duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the
Trustee and, when it is expressly required pursuant to this Agreement, to the Company or any Loan Trustee. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the
“Act” of the Certificateholders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent or proxy shall be sufficient for any purpose of this Agreement and
conclusive in favor of the Trustee, the Company and the related Loan Trustee, if made in the manner provided in this Section 1.04. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the certificate of any notary public
or other officer of any jurisdiction authorized to take acknowledgments of deeds or administer oaths that the Person executing such instrument acknowledged to him the execution thereof, or by an affidavit of a witness to such execution sworn to
before any such notary or such other officer, and where such execution is by an officer of a corporation or association or a member of a partnership, on behalf of such corporation, association or partnership, such certificate or affidavit shall also
constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or 

  
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the authority of the Person executing the same, may also be proved in any other reasonable manner which the Trustee deems sufficient. 

(c) In determining whether the Certificateholders of the requisite Fractional Undivided Interests of Certificates of any series Outstanding
have given any Direction under this Agreement, Certificates owned by the Company, any related Owner Trustee, any related Owner Participant or any Affiliate of any such Person shall be disregarded and deemed not to be Outstanding for purposes of any
such determination. In determining whether the Trustee shall be protected in relying upon any such Direction, only Certificates which the Trustee knows to be so owned shall be so disregarded. Notwithstanding the foregoing, (i) if any such
Person owns 100% of the Certificates of any series Outstanding, such Certificates shall not be so disregarded, and (ii) if any amount of Certificates of any series so owned by any such Person have been pledged in good faith, such Certificates
shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Certificates and that the pledgee is not the Company, any related Owner Trustee, any related Owner
Participant or any Affiliate of any such Person. 
 (d) The Company may, at its option, by delivery of an Officer’s Certificate to the
Trustee, set a record date to determine the Certificateholders in respect of the Certificates of any series entitled to give any Direction. Notwithstanding Section 316 (c) of the Trust Indenture Act, such record date shall be the record
date specified in such Officer’s Certificate, which shall be a date not more than 30 days prior to the first solicitation of Certificateholders of the applicable series in connection therewith. If such a record date is fixed, such
Direction may be given before or after such record date, but only the Certificateholders of record of the applicable series at the close of business on such record date shall be deemed to be Certificateholders for the purposes of determining whether
Certificateholders of the requisite proportion of Outstanding Certificates of such series have authorized or agreed or consented to such Direction, and for that purpose the Outstanding Certificates of such series shall be computed as of such record
date; provided, however, that no such Direction by the Certificateholders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Agreement not later than one year after such
record date. 
 (e) Any Direction by the Holder of any Certificate shall bind the Holder of every Certificate issued upon the transfer
thereof or in exchange therefor or in lieu thereof, whether or not notation of such Direction is made upon such Certificate. 
 (f) Except
as otherwise provided in Section 1.04(c), Certificates of any series owned by or pledged to any Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among
all of the Certificates of such series. 
 ARTICLE II 

ORIGINAL ISSUANCE OF CERTIFICATES: ACQUISITION OF TRUST PROPERTY 

Section 2.01. Amount Unlimited; Issuable in Series. (a) The aggregate face amount of Certificates that may be authenticated and
delivered under this Basic Agreement is 

  
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unlimited. The Certificates may be issued from time to time in one or more series and shall be designated generally as the “Pass Through Certificates”, with such further designations
added or incorporated in such title for the Certificates of each series as are specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the series to which it belongs. All Certificates of
the same series shall be substantially identical except that the Certificates of a series may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such series. Each series of
Certificates issued pursuant to this Agreement will evidence fractional undivided interests in the related Trust and, except as may be specified in any Intercreditor Agreement or in the applicable Trust Supplement, will have no rights, benefits or
interests in respect of any other Trust or the Trust Property held therein. All Certificates of the same series shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on
account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement. 

(b) The following matters shall be established with respect to the Certificates of each series issued under this Agreement by a Trust
Supplement executed and delivered (x) by and between the Company and the Trustee, or (y) if the Parent will guarantee the obligations of the Company under any Equipment Notes or any Leases related to Equipment Notes to be acquired and held
in the Trust formed by such Trust Supplement, by and among the Parent, the Company and the Trustee: 
 (1) the formation of
the Trust as to which the Certificates of such series represent fractional undivided interests and its designation (which designation shall distinguish such Trust from each other Trust created under this Basic Agreement and a Trust Supplement); 

(2) the specific title of the Certificates of such series (which title shall distinguish the Certificates of such series from
each other series of Certificates created under this Basic Agreement and a Trust Supplement); 
 (3) subject to
Section 2.01(a), any limit upon the aggregate face amount of the Certificates of such series which may be authenticated and delivered under this Basic Agreement (which limit shall not pertain to Certificates authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other Certificates of the series pursuant to Sections 3.03, 3.04, 3.05(d) and 3.06); 

(4) the Cut-off Date with respect to the Certificates of such series and the related
Trust; 
 (5) the Regular Distribution Dates applicable to the Certificates of such series; 

(6) the Special Distribution Dates applicable to the Certificates of such series; 

(7) if other than as provided in Sections 3.04 or 7.12(b), the Registrar or the Paying Agent for the Certificates of such
series, including any Co-Registrar or additional Paying Agent; 

  
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 (8) if other than as provided in Section 3.01, the denominations in which
the Certificates of such series shall be issuable; 
 (9) if other than United States dollars, the currency or currencies
(including composite currencies or currency units) in which the Certificates of such series shall be denominated or payable, in whole or in part; 

(10) the specific form of the Certificates of such series (including the interest rate applicable thereto) and whether or not
Certificates of such series are to be issued as Book-Entry Certificates and, if such Certificates are to be Book-Entry Certificates, the form of Letter of Representations, if any (or, in the case of any Certificates denominated or payable in a
currency other than United States dollars and if other than as provided in Section 3.05, whether and the circumstances under which beneficial owners of interests in such Certificates in permanent global form may exchange such interests for
Certificates of such series and of like tenor of any authorized form and denomination); 
 (11) a description of the
Equipment Notes, and, if applicable, of any notes issued by a trust or other entity secured by Equipment Notes, to be acquired and held in the Trust formed by such Trust Supplement and of the related Aircraft, if determined, and Note Documents, if
determined; 
 (12) provisions with respect to the terms for which the definitions set forth in Article I hereof or the
terms of any Section of this Basic Agreement, including Section 11.01, permit or require further specification in the related Trust Supplement; 

(13) any restrictions (including legends) in respect of ERISA or tax matters; 

(14) the acceptance of appointment by the institution named to act as Trustee with respect to such Trust, if different from the
institution executing this Basic Agreement or its successor; 
 (15) whether such series will be subject to an Intercreditor
Agreement and, if so, the specific designation of such Intercreditor Agreement and the rights of Potential Purchasers upon the occurrence of a Triggering Event; 

(16) whether such series will have the benefit of a Liquidity Facility or other form of credit enhancement and, if so, any
terms appropriate thereto; 
 (17) whether the Parent will guarantee the obligations of the Company under any Equipment Notes
or any Leases related to Equipment Notes to be acquired and held in the Trust formed by such Trust Supplement and, if so, the specific form of such Guarantee or Guarantees and a statement that the Parent shall be an “obligor” as such term
is defined in and solely for purposes of the Trust Indenture Act and shall be required to comply with those provisions of this Agreement compliance with which is required by an “obligor” under the Trust Indenture Act; 

  
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 (18) whether there will be a deposit agreement, escrow agreement or other
arrangement prior to the delivery of one or more Aircraft or the commencement of the Lease with respect to one or more Aircraft, and, if so, any terms appropriate thereto; 

(19) the extent, if any, to which the Company may acquire Certificates and deliver such Certificates or cash to the respective
Trusts and obtain the release of Equipment Notes or other Trust Property held by such Trusts; 
 (20) if the Certificates of
such series are to be issued in bearer form, the forms thereof and any other special terms relating thereto; 
 (21) the
“Responsible Party” for purposes of directing the Trustee to make Specified Investments; and 
 (22) any other
terms of the Certificates of such series or any related Guarantee (which terms shall not be inconsistent with the provisions of the Trust Indenture Act but may modify, amend, supplement or delete any of the terms of this Basic Agreement), including
any terms of the Certificates of such series which may be required or advisable under United States laws or regulations or advisable (as determined by the Company) in connection with the marketing of Certificates of the series. 

(c) At any time and from time to time after the execution and delivery of this Basic Agreement and a Trust Supplement forming a Trust and
establishing the terms of Certificates of a series, Certificates of such series shall be executed, authenticated and delivered by the Trustee to the Person or Persons specified by the Company upon request of the Company and upon satisfaction or
waiver of any conditions precedent set forth in such Trust Supplement or in any other document to which a Trustee is a party relating to the issuance of the Certificates of such series. 

Section 2.02. Acquisition of Equipment Notes. (a) Unless otherwise specified in the related Trust Supplement, on or prior to the
Issuance Date of the Certificates of a series, the Trustee shall execute and deliver the related Note Purchase Agreements in the form delivered to the Trustee by the Company and shall, subject to the respective terms thereof, perform its obligations
under such Note Purchase Agreements. Unless otherwise specified in the related Trust Supplement, the Trustee shall issue and sell such Certificates, in authorized denominations and in such Fractional Undivided Interests, so as to result in the
receipt of consideration in an amount equal to the aggregate purchase price of the Equipment Notes (and/or, if applicable, any notes issued by a trust or other entity secured by Equipment Notes) contemplated to be purchased by the Trustee under the
related Note Purchase Agreements and, concurrently therewith (unless the Company shall have delivered to the Trustee the Postponement Notice relating to one or more Postponed Notes pursuant to Subsection (b) below), the Trustee shall purchase,
pursuant to the terms and conditions of the Note Purchase Agreements, such Equipment Notes (except Postponed Notes, if any)(or other notes) at a purchase price equal to the amount of such consideration so received. Except as provided in
Sections 3.03, 3.04, 3.05 and 3.06 hereof, the Trustee shall not execute, authenticate or deliver Certificates of such series in excess of the aggregate amount specified in this paragraph. The provisions of this Subsection (a) are subject
to the provisions of Subsection (b) below. 

  
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 (b) Unless otherwise specified in the related Trust Supplement, if on or prior to the Issuance
Date with respect to a series of Certificates the Company shall deliver to the Trustee a Postponement Notice relating to one or more Postponed Notes, the Trustee shall postpone the purchase of such Postponed Notes and shall deposit into an escrow
account (as to the related Trust, the “Escrow Account”) to be maintained as part of the related Trust an amount equal to the purchase price of such Postponed Notes (the “Escrowed Funds”). The portion of the Escrowed
Funds so deposited with respect to any particular Postponed Notes shall be invested (a) by the Trustee at the written direction and risk of, and for the benefit of, the Responsible Party in Specified Investments or (b) if provided in the
Trust Supplement relating to such series of Certificates and subject to the terms and conditions set forth therein, in debt instruments of the Company, in each case (i) maturing no later than any scheduled Transfer Date relating to such
Postponed Notes, or (ii) if no such Transfer Date has been scheduled, maturing on the next Business Day, or (iii) if subsequent to the giving of the applicable Postponement Notice the Company has given notice to the Trustee that such
Postponed Notes will not be issued, maturing on the next applicable Special Distribution Date, if such investments are reasonably available for purchase. The Trustee shall make withdrawals from the Escrow Account only as provided in this Agreement.
Upon request of the Company on one or more occasions and the satisfaction or waiver of the closing conditions specified in the applicable Note Purchase Agreements on or prior to the related Cut-off Date, the
Trustee shall purchase the applicable Postponed Notes, on the terms specified in such Note Purchase Agreements, with the Escrowed Funds withdrawn from the Escrow Account. 

The Trustee shall hold all Specified Investments until the maturity thereof and will not sell or otherwise transfer Specified Investments. If
Specified Investments held in an Escrow Account mature prior to any applicable Transfer Date, any proceeds received on the maturity of such Specified Investments (other than any earnings thereon) shall be reinvested by the Trustee at the written
direction and risk of, and for the benefit of, the Responsible Party in Specified Investments maturing as provided in the preceding paragraph. 

Subject to the provisions of the Intercreditor Agreement, any earnings on Specified Investments received from time to time by the Trustee
shall be promptly distributed to the Responsible Party. The Responsible Party shall pay to the Trustee for deposit to the relevant Escrow Account an amount equal to any net losses on any Specified Investments made at its direction and risk as
incurred. On any Regular Distribution Date in respect of the Certificates of any series occurring prior to the date of purchase of any Postponed Notes by the Trustee, the Responsible Party will pay (in immediately available funds) to the Trustee an
amount equal to the interest that would have accrued on such Postponed Notes if such Postponed Notes had been purchased on the later of the Issuance Date or the previous Regular Distribution Date in respect of the Certificates of such series to, but
not including, such Regular Distribution Date. On the first Regular Distribution Date in respect of the Certificates of any series following the purchase of any Postponed Notes by the Trustee, the Responsible Party will pay (in immediately available
funds) to the Trustee an amount equal to the interest that would have accrued on such Postponed Notes if such Postponed Notes had been purchased on the later of the Issuance Date or the previous Regular Distribution Date in respect of the
Certificates of such series to, but not including, the date of the purchase of such Postponed Notes by the Trustee. 

  
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 If, in respect of the Certificates of any series, the Company notifies the Trustee prior to the Cut-off Date that any Postponed Notes will not be issued on or prior to the Cut-off Date for any reason, on the next Special Distribution Date for such Certificates occurring
not less than 15 days following the date of such notice, (i) the Responsible Party shall pay (in immediately available funds) to the Trustee for deposit in the related Special Payments Account, an amount equal to the interest that would
have accrued on the Postponed Notes designated in such notice from the later of the Issuance Date or the previous Regular Distribution Date in respect of the Certificates of such series to, but not including, such Special Distribution Date and
(ii) the Trustee shall transfer an amount equal to that amount of Escrowed Funds that would have been used to purchase the Postponed Notes designated in such notice and the amount paid by the Responsible Party pursuant to the immediately
preceding clause (i) to the related Special Payments Account for distribution as a Special Payment in accordance with the provisions hereof. 

If, on such Cut-off Date, an amount equal to less than all of the Escrowed Funds (other than Escrowed
Funds referred to in the immediately preceding paragraph) has been used to purchase Postponed Notes, on the next Special Distribution Date occurring not less than 15 days following such Cut-off Date
(i) the Responsible Party shall pay to the Trustee for deposit in such Special Payments Account, in immediately available funds, an amount equal to the interest that would have accrued on such Postponed Notes contemplated to be purchased with
such unused Escrowed Funds (other than Escrowed Funds referred to in the immediately preceding paragraph) but not so purchased from the later of the Issuance Date or the previous Regular Distribution Date in respect of the Certificates of such
series to, but not including, such Special Distribution Date and (ii) the Trustee shall transfer such unused Escrowed Funds and the amount paid by the Responsible Party pursuant to the immediately preceding clause (i) to such Special
Payments Account for distribution as a Special Payment in accordance with the provisions hereof. 
 Section 2.03. Acceptance by
Trustee. The Trustee, by the execution and delivery of a Trust Supplement creating a Trust and establishing a series of Certificates, shall acknowledge its acceptance of all right, title and interest in and to the Trust Property to be acquired
pursuant to Section 2.02 hereof and the related Note Purchase Agreements and shall declare that the Trustee holds and will hold such right, title and interest for the benefit of all then present and future Certificateholders of such series,
upon the trusts herein and in such Trust Supplement set forth. By the acceptance of each Certificate of such series issued to it under this Agreement, each initial Holder of such series as grantor of such Trust shall thereby join in the creation and
declaration of such Trust. 
 Section 2.04. Limitation of Powers. Each Trust shall be constituted solely for the purpose of
making the investment in the Equipment Notes provided for in the related Trust Supplement, and, except as set forth in this Agreement, the Trustee shall not be authorized or empowered to acquire any other investments or engage in any other
activities and, in particular, the Trustee shall not be authorized or empowered to do anything that would cause such Trust to fail to qualify as a “grantor trust” for federal income tax purposes (including, as subject to this restriction,
acquiring any Aircraft (as defined in the related Indentures) by bidding for such Equipment Notes or otherwise, or taking any action with respect to any such Aircraft once acquired). 

  
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 ARTICLE III 

THE CERTIFICATES 

Section 3.01. Form, Denomination and Execution of Certificates. Except to the extent otherwise provided in the applicable Trust
Supplement, the Certificates of each series shall be issued in fully registered form without coupons and shall be substantially in the form attached to the related Trust Supplement, with such omissions, variations and insertions as are permitted by
this Agreement, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any applicable laws, rules, regulations, or the rules of any securities exchange on
which such Certificates may be listed or to conform to any usage in respect thereof, or as may, consistently with this Agreement, be determined by the Trustee or the officers executing such Certificates, as evidenced by the Trustee’s or such
officers’ execution of the Certificates. 
 Except as provided in Section 3.05, the definitive Certificates of such series shall
be typed, printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Certificates may be listed, all as determined by the
officers executing such Certificates, as evidenced by their execution of such Certificates. 
 Except as otherwise provided in the related
Trust Supplement, the Certificates of each series shall be issued in minimum denominations of $1,000 or integral multiples thereof except that one Certificate of such series may be issued in a different denomination. 

The Certificates of such series shall be executed on behalf of the Trustee by manual or facsimile signature of a Responsible Officer of the
Trustee. Certificates of any series bearing the manual or facsimile signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Trustee shall be valid and binding obligations of the Trustee,
notwithstanding that such individual has ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such office at the date of such Certificates. 

Section 3.02. Authentication of Certificates. (a) Except to the extent otherwise provided in the applicable Trust Supplement, on
the Issuance Date, the Trustee shall duly execute, authenticate and deliver Certificates of each series in authorized denominations equaling in the aggregate the aggregate principal amount of the Equipment Notes that may be purchased by the Trustee
pursuant to the related Note Purchase Agreements, and evidencing the entire ownership of the related Trust. Thereafter, the Trustee shall duly execute, authenticate and deliver the Certificates of such series as provided in this Agreement. 

(b) No Certificate of any series shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on
such Certificate a certificate of authentication substantially in the form set forth in Exhibit A executed by the Trustee by manual signature, and such certificate of authentication upon any Certificate shall be conclusive evidence, and the
only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates of any series shall be dated the date of their authentication. 

  
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 Section 3.03. Temporary Certificates. Until definitive Certificates are ready for
delivery, the Trustee shall execute, authenticate and deliver temporary Certificates of each series. Temporary Certificates of each series shall be substantially in the form of definitive Certificates of such series but may have insertions,
substitutions, omissions and other variations determined to be appropriate by the officers executing the temporary Certificates of such series, as evidenced by their execution of such temporary Certificates. If temporary Certificates of any series
are issued, the Trustee will cause definitive Certificates of such series to be prepared without unreasonable delay. After the preparation of definitive Certificates of such series, the temporary Certificates shall be exchangeable for definitive
Certificates upon surrender of such temporary Certificates at the office or agency of the Trustee designated for such purpose pursuant to Section 7.12, without charge to the Certificateholder. Upon surrender for cancellation of any one or more
temporary Certificates, the Trustee shall execute, authenticate and deliver in exchange therefor a like face amount of definitive Certificates of like series, in authorized denominations and of a like Fractional Undivided Interest. Until so
exchanged, such temporary Certificates shall be entitled to the same benefits under this Agreement as definitive Certificates of such series. 

Section 3.04. Transfer and Exchange. The Trustee shall cause to be kept at the office or agency to be maintained by it in
accordance with the provisions of Section 7.12 a register (the “Register”) for each series of Certificates in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of
Certificates of such series and of transfers and exchanges of such Certificates as herein provided. The Trustee shall initially be the registrar (the “Registrar”) for the purpose of registering such Certificates of each series and
transfers and exchanges of such Certificates as herein provided. 
 All Certificates issued upon any registration of transfer or exchange of
Certificates of any series shall be valid obligations of the applicable Trust, evidencing the same interest therein, and entitled to the same benefits under this Agreement, as the Certificates of such series surrendered upon such registration of
transfer or exchange. 
 Upon surrender for registration of transfer of any Certificate at the Corporate Trust Office or such other office
or agency, the Trustee shall execute, authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of like series, in authorized denominations of a like aggregate Fractional Undivided Interest. 

At the option of a Certificateholder, Certificates may be exchanged for other Certificates of like series, in authorized denominations and of
a like aggregate Fractional Undivided Interest, upon surrender of the Certificates to be exchanged at any such office or agency. Whenever any Certificates are so surrendered for exchange, the Trustee shall execute, authenticate and deliver the
Certificates that the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for registration of transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form
satisfactory to the Trustee and the Registrar duly executed by the Certificateholder thereof or its attorney duly authorized in writing. 

Except to the extent otherwise provided in the applicable Trust Supplement, no service charge shall be made to a Certificateholder for any
registration of transfer or exchange of 

  
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Certificates, but the Trustee shall require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
All Certificates surrendered for registration of transfer or exchange shall be cancelled and subsequently destroyed by the Trustee. 

Section 3.05. Book-Entry and Definitive Certificates. (a) Except for one Certificate of each series that may be issued in a
denomination of other than an even multiple of $1,000, the Certificates of any series may be issued at the option of the Company in the form of one or more typewritten Certificates representing the Book-Entry Certificates of such series, to be
delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Company. In such case, the Certificates of such series delivered to The Depository Trust Company shall initially be registered on the Register in the
name of Cede & Co., the nominee of the initial Clearing Agency, and no Certificate Owner will receive a definitive certificate representing such Certificate Owner’s interest in the Certificates of such series, except as provided above
and in Subsection (d) below. As to the Certificates of any such series (other than the one Certificate of such series issued in a denomination of other than an even multiple of $1,000), unless and until definitive, fully registered Certificates
(the “Definitive Certificates”) have been issued pursuant to Subsection (d) below: 
 (i) the
provisions of this Section 3.05 shall be in full force and effect; 
 (ii) the Company, the Paying Agent, the Registrar
and the Trustee may deal with the Clearing Agency for all purposes (including the making of distributions on the Certificates); 

(iii) to the extent that the provisions of this Section 3.05 conflict with any other provisions of this Agreement (other
than the provisions of any Trust Supplement expressly amending this Section 3.05 as permitted by this Basic Agreement), the provisions of this Section 3.05 shall control; 

(iv) the rights of Certificate Owners shall be exercised only through the Clearing Agency and shall be limited to those
established by law and agreements between such Certificate Owners and the Clearing Agency and/or the Clearing Agency Participants; and until Definitive Certificates are issued pursuant to Subsection (d) below, the Clearing Agency will make
book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal, interest and premium, if any, on the Certificates to such Clearing Agency Participants; 

(v) such Certificates of such series may be transferred in whole, but not in part, and in the manner provided in
Section 3.04, by the Clearing Agency holding such Certificates to a nominee of such Clearing Agency, or by such Clearing Agency to a successor Clearing Agency that has been selected or approved by the Company or to a nominee of such successor
Clearing Agency; and 
 (vi) whenever this Agreement requires or permits actions to be taken based upon instructions or
directions of Certificateholders of such series holding Certificates of such series evidencing a specified percentage of the Fractional Undivided Interests in the 

  
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related Trust, the Clearing Agency shall be deemed to represent such percentage only to the extent that it has received instructions to such effect from Clearing Agency Participants owning or
representing, respectively, such required percentage of the beneficial interest in Certificates of such series and has delivered such instructions to the Trustee. None of the Company, the Parent or the Trustee or any agent of any of them shall have
any obligation to determine whether the Clearing Agency has in fact received any such instructions. 
 (b) Whenever notice or other
communication to the Certificateholders of a series is required under this Agreement, unless and until Definitive Certificates shall have been issued pursuant to Subsection (d) below, the Trustee shall give all such notices and communications
specified in this Agreement to be given to Certificateholders of such series to the Clearing Agency. 
 (c) Unless and until Definitive
Certificates of a series are issued pursuant to Subsection (d) below, on the Record Date prior to each applicable Regular Distribution Date and Special Distribution Date, the Trustee will request from the Clearing Agency a securities position
listing setting forth the names of all Clearing Agency Participants reflected on the Clearing Agency’s books as holding interests in the Certificates on such Record Date. 

(d) If with respect to the Certificates of any series (i) the Company advises the Trustee in writing that the Clearing Agency is no
longer willing or able to discharge properly its responsibilities and the Trustee or the Company is unable to locate a qualified successor, (ii) the Company, at its option, advises the Trustee in writing that it elects to terminate the
book-entry system through the Clearing Agency or (iii) after the occurrence of an Event of Default, Certificate Owners of Book-Entry Certificates of such series evidencing Fractional Undivided Interests aggregating not less than a majority in
interest in the related Trust, by Act of such Certificate Owners delivered to the Company and the Trustee, advise the Company, the Trustee and the Clearing Agency through the Clearing Agency Participants in writing that the continuation of a
book-entry system through the Clearing Agency Participants is no longer in the best interests of the Certificate Owners of such series, then the Trustee shall notify all Certificate Owners of such series, through the Clearing Agency, of the
occurrence of any such event and of the availability of Definitive Certificates. Upon surrender to the Trustee of all the Certificates of such series held by the Clearing Agency, accompanied by registration instructions from the Clearing Agency
Participants for registration of Definitive Certificates in the names of Certificate Owners of such series, the Trustee shall issue and deliver the Definitive Certificates of such series in accordance with the instructions of the Clearing Agency.
None of the Company, the Registrar, the Paying Agent or the Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such registration instructions. Upon the issuance
of Definitive Certificates of such series, the Trustee shall recognize the Persons in whose names the Definitive Certificates are registered in the Register as Certificateholders under this Agreement. Neither the Company nor the Trustee shall be
liable if the Trustee or the Company is unable to locate a qualified successor Clearing Agency. 

  
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 (e) Except as otherwise provided in the related Trust Supplement, the Trustee shall enter into
the applicable Letter of Representations with respect to such series of Certificates and fulfill its responsibilities thereunder. 
 (f) The
provisions of this Section 3.05 may be made inapplicable to any series or may be amended with respect to any series in the related Trust Supplement. 

Section 3.06. Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the
Registrar, or the Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (b) there is delivered to the Registrar and the Trustee such security, indemnity or bond, as may be required by them to
save each of them and the Company harmless, then, in the absence of notice to the Registrar or the Trustee that such destroyed, lost or stolen Certificate has been acquired by a protected purchaser, and provided that the requirements of Section 8-405 of the Uniform Commercial Code in effect in any applicable jurisdiction are met, the Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Certificate, a new Certificate or Certificates of like series, in authorized denominations and of like Fractional Undivided Interest and bearing a number not contemporaneously outstanding. 

In connection with the issuance of any new Certificate under this Section 3.06, the Trustee shall require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee and the Registrar) connected therewith. 

Any duplicate Certificate issued pursuant to this Section 3.06 shall constitute conclusive evidence of the appropriate Fractional
Undivided Interest in the related Trust, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. 

The provisions of this Section 3.06 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Certificates. 
 Section 3.07. Persons Deemed Owners. Prior
to due presentment of a Certificate for registration of transfer, the Company, the Trustee, the Registrar and any Paying Agent may treat the Person in whose name any Certificate is registered (as of the day of determination) on the Register as the
owner of such Certificate and the Certificateholder for the purpose of receiving distributions pursuant to Article IV and for all other purposes whatsoever, and none of the Company, the Trustee, the Registrar or any Paying Agent shall be
affected by any notice to the contrary. All payments or distributions made to any such Person shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable on any such Certificate.

 Unless otherwise provided with respect to any Certificates pursuant to Section 2.01(b), the Company, the Parent, any other obligor
upon any Certificates and any Affiliate of any thereof may acquire, tender for, purchase, own, hold, become the pledgee of and otherwise deal with any Certificates. 

  
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 Section 3.08. Cancellation. All Certificates surrendered for payment or transfer or
exchange shall, if surrendered to the Trustee or any agent of the Trustee other than the Registrar, be delivered to the Registrar for cancellation and shall promptly be cancelled by it. No Certificates shall be authenticated in lieu of or in
exchange for any Certificates cancelled as provided in this Section 3.08, except as expressly permitted by this Agreement. All cancelled Certificates held by the Registrar shall be destroyed and a certification of their destruction delivered to
the Trustee. 
 Section 3.09. Limitation of Liability for Payments. All payments and distributions made to Certificateholders of
any series in respect of the Certificates of such series shall be made only from the Trust Property of the related Trust and only to the extent that the Trustee shall have sufficient income or proceeds from such Trust Property to make such payments
in accordance with the terms of Article IV of this Agreement. The Certificates do not represent indebtedness of the related Trusts, and references herein or in any Trust Supplement to interest accruing on any Certificates are intended for
purposes of computation only. Each Certificateholder, by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Property of the related Trust for any payment or distribution due to such
Certificateholder pursuant to the terms of this Agreement and that it will not have any recourse to the Company, the Trustee, any Liquidity Providers, the Loan Trustees, any Owner Trustee or any Owner Participant, except as otherwise expressly
provided in this Agreement, in any Note Document or in any related Intercreditor Agreement. 
 The Company is a party to this Agreement
solely for purposes of meeting the requirements of the Trust Indenture Act, and therefore the Company shall not have any right, obligation or liability hereunder, or under the terms of any Trust Supplement or any Certificates (except as otherwise
expressly provided herein or therein). 
 Section 3.10. CUSIP Numbers. The Certificates may include “CUSIP” numbers
(if then generally in use), and if so, the Trustee may use the CUSIP numbers in notices in respect of the Certificates; provided, however, that any such notice may state that no representation is made as to the correctness or accuracy
of the CUSIP number printed in the notice or on the Certificates, that reliance may be placed only on the other identification numbers printed on the Certificates, and any such notice shall not be affected by any defect or omission of such CUSIP
numbers. 
 ARTICLE IV 

DISTRIBUTIONS; STATEMENTS TO CERTIFICATEHOLDERS 

Section 4.01. Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the
Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such
series, and shall make or permit withdrawals therefrom only as provided in this Agreement or any Intercreditor Agreement. On each day when a Scheduled Payment is made to the Trustee with respect to the Certificates of any series, the Trustee, upon
receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in the applicable Certificate Account. 

  
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 (b) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a
Special Payments Account as one or more accounts, which shall be non-interest bearing except as provided in Section 4.04. The Trustee shall hold the Special Payments Account in trust for the benefit of
the Certificateholders of such series and shall make or permit withdrawals therefrom only as provided in this Agreement or any Intercreditor Agreement. On each day when one or more Special Payments are made to the Trustee with respect to the
Certificates of any series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Special Payments in the applicable Special Payments Account. 

(c) The Trustee shall present (or, if applicable, cause the Subordination Agent to present) to the related Loan Trustee of each Equipment Note
such Equipment Note on the date of its stated final maturity or, in the case of any Equipment Note which is to be redeemed or purchased in whole pursuant to the related Indenture, on the applicable redemption or purchase date under such Indenture.

 Section 4.02. Distributions from Certificate Account and Special Payments Account. (a) Subject to the provisions of the
Intercreditor Agreement, on each Regular Distribution Date with respect to a series of Certificates or as soon thereafter as the Trustee has confirmed receipt of the payment of all or any part of the Scheduled Payments due on the Equipment Notes
held in the related Trust on such date, the Trustee shall distribute out of the applicable Certificate Account the entire amount deposited therein pursuant to Section 4.01(a). There shall be so distributed to each Certificateholder of record of
such series on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such
Certificateholder’s pro rata share (based on the aggregate Fractional Undivided Interest in the related Trust held by such Certificateholder) of the total amount in the applicable Certificate Account, except that, with respect to Certificates
registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account designated by such Clearing Agency (or such nominee). 

(b) Subject to the provisions of the Intercreditor Agreement, on each Special Distribution Date with respect to any Special Payment with
respect to a series of Certificates or as soon thereafter as the Trustee has confirmed receipt of any Special Payments due on the Equipment Notes held in the related Trust or realized upon the sale of such Equipment Notes, the Trustee shall
distribute out of the applicable Special Payments Account the entire amount of such applicable Special Payment deposited therein pursuant to Section 4.01(b). There shall be so distributed to each Certificateholder of record of such series on
the Record Date with respect to such Special Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such
Certificateholder’s pro rata share (based on the aggregate Fractional Undivided Interest in the related Trust held by such Certificateholder) of the total amount in the applicable Special Payments Account on account of such Special Payment,
except that, with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account designated by such Clearing
Agency (or such nominee). 

  
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 (c) The Trustee shall, at the expense of the Company, cause notice of each Special Payment with
respect to a series of Certificates to be mailed to each Certificateholder of such series at such Certificateholder’s address as it appears in the Register. Subject to the provisions of the Intercreditor Agreement: (i) in the event of
redemption or purchase of Equipment Notes held in the related Trust, such notice shall be mailed not less than 15 days prior to the Special Distribution Date for the Special Payment resulting from such redemption or purchase, which Special
Distribution Date shall be the date of such redemption or purchase; (ii) in the event that the Trustee receives a notice from the Company pursuant to Section 2.02 that Postponed Notes will not be purchased by the Trustee, such notice of
Special Payment shall be mailed as soon as practicable after receipt of such notice from the Company and shall state the Special Distribution Date for such Special Payment, which shall occur 15 days after the date of such notice of Special
Payment or (if such 15th day is not practicable) as soon as practicable thereafter; (iii) in the event that any Special Payment is to be made pursuant to the last paragraph of Section 2.02(b) hereof, such notice of Special Payment shall be
mailed on the Cut-off Date (or, if such mailing on the Cut-off Date is not practicable, as soon as practicable after the Cut-off
Date), and shall state the Special Distribution Date for such Special Payment, which shall occur 15 days after the date of such notice of Special Payment (or, if such 15th day is not practicable, as soon as practicable thereafter); and
(iv) in the case of any other Special Payments, such notice of Special Payment shall be mailed as soon as practicable after the Trustee has confirmed that it has received funds for such Special Payment, and shall state the Special Distribution
Date for such Special Payment, which shall occur 15 days after the date of such notice of Special Payment or (if such 15th day is not practicable) as soon as practicable thereafter. Notices mailed by the Trustee as provided in the paragraphs
above shall set forth: 
 (i) the Special Distribution Date and the Record Date therefor (except as otherwise provided in
Section 11.01); 
 (ii) the amount of the Special Payment (taking into account any payment to be made by the Responsible
Party pursuant to Section 2.02(b)) for each $1,000 face amount Certificate and the amount thereof constituting principal, premium, if any, and interest; 

(iii) the reason for the Special Payment; and 

(iv) if the Special Distribution Date is the same date as a Regular Distribution Date for the Certificates of such series, the
total amount to be received on such date for each $1,000 face amount Certificate. 
 If the amount of premium, if any, payable upon the
redemption or purchase of an Equipment Note has not been calculated at the time that the Trustee mails notice of a Special Payment, it shall be sufficient if the notice sets forth the other amounts to be distributed and states that any premium
received will also be distributed. 
 If any redemption or purchase of the Equipment Notes held in any Trust is cancelled, the Trustee, as
soon as possible after learning thereof, shall cause notice thereof to be mailed to each Certificateholder of the related series at its address as it appears on the Register. 

  
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 Section 4.03. Statements to Certificateholders. (a) On each Regular
Distribution Date and Special Distribution Date, the Trustee will include with each distribution of a Scheduled Payment or Special Payment, as the case may be, to Certificateholders of the related series a statement setting forth the information
provided below. Such statement shall, except to the extent otherwise provided in the applicable Trust Supplement, set forth (per $1,000 aggregate face amount of Certificate as to (i), (ii) and (iii) below) the following information: 

(i) the aggregate amount of funds distributed on such Distribution Date under this Agreement, indicating the amount allocable
to each source including any portion thereof provided by the Liquidity Providers; 
 (ii) the amount of such distribution
under this Agreement allocable to principal and the amount allocable to premium, if any; 
 (iii) the amount of such
distribution under this Agreement allocable to interest; and 
 (iv) the Pool Balance and the Pool Factor of the related
Trust. 
 With respect to the Certificates registered in the name of a Clearing Agency or its nominee, on the Record Date prior to each
Distribution Date, the Trustee will, at the expense of the Company, request from the Clearing Agency a securities position listing setting forth the names of all the Clearing Agency Participants reflected on the Clearing Agency’s books as
holding interests in the Certificates on such Record Date. On each Distribution Date, the applicable Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by
such Clearing Agency Participant for forwarding to holders of interests in the Certificates. 
 (b) Within a reasonable period of time after
the end of each calendar year but not later than the latest date permitted by law, except to the extent otherwise provided in the applicable Trust Supplement, the Trustee shall furnish to each Person who at any time during such calendar year was a
Certificateholder of record a statement containing the sum of the amounts determined pursuant to clauses (a)(i), (a)(ii) and (a)(iii) above with respect to the related Trust for such calendar year or, in the event such Person was a
Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the
purpose of such Certificateholder’s preparation of its federal income tax returns. With respect to Certificates registered in the name of a Clearing Agency or its nominee, such statement and such other items shall be prepared on the basis of
information supplied to the Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the holders of interests in the
Certificates. 
 Section 4.04. Investment of Special Payment Moneys. Any money received by the Trustee pursuant to
Section 4.01(b) representing a Special Payment which is not distributed on the date received shall, to the extent practicable, be invested by the Trustee in Permitted Investments selected by the Controlling Party in telephonic (confirmed in
writing) or written 

  
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instructions to the Trustee pending distribution of such Special Payment pursuant to Section 4.02. Absent receipt of such instructions from the Controlling Party, such Special Payment shall
remain uninvested by the Trustee pending receipt of investment instructions. Any investment made pursuant to this Section 4.04 shall be in such Permitted Investments having maturities not later than the date that such moneys are required to be
used to make the payment required under Section 4.02 on the applicable Special Distribution Date and the Trustee shall hold any such Permitted Investments until maturity. The Trustee shall have no liability with respect to any investment made
pursuant to this Section 4.04, other than by reason of the willful misconduct or negligence of the Trustee. All income and earnings from such investments shall be distributed on such Special Distribution Date as part of such Special Payment.

 ARTICLE V 
 THE COMPANY 

Section 5.01. Maintenance of Corporate Existence. The Company, at its own cost and expense, will do or cause to be done all things
necessary to preserve and keep in full force and effect its corporate existence, rights and franchises, except as otherwise specifically permitted in Section 5.02; provided, however, that the Company shall not be required to
preserve any right or franchise if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company. 

Section 5.02. Consolidation, Merger, Etc. The Company shall not consolidate with or merge into any other Person under
circumstances in which the Company is not the surviving corporation or convey, transfer or lease substantially all of its assets as an entirety to any Person unless: 

(a) the Person formed by such consolidation or into which the Company is merged or the Person that acquires by conveyance, transfer or lease
substantially all of the assets of the Company as an entirety shall (i) be organized and validly existing under the laws of the United States of America or any state thereof or the District of Columbia, (ii) be a “citizen of the
United States” as defined in 49 U.S.C. Sections 40102 (a) (15), as amended, and (iii) hold an air carrier operating certificate issued pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of
carrying 10 or more individuals or 6,000 pounds or more of cargo, if and so long as such status is a condition of entitlement to the benefits of Section 1110 of the Bankruptcy Reform Act of 1978, as amended (11 U.S.C. Sections 1110),
with respect to the Leases or the Aircraft owned by the Company; and 
 (b) the Person formed by such consolidation or into which the Company
is merged or the Person which acquires by conveyance, transfer or lease substantially all of the assets of the Company as an entirety shall execute and deliver to the Trustee applicable to the Certificates of each series a duly authorized, valid,
binding and enforceable agreement in form and substance reasonably satisfactory to the Trustee containing an assumption by such successor corporation or Person of the due and punctual performance and observance of each covenant and condition of the
Note Documents and of this Agreement applicable to the Certificates of each series to be performed or observed by the Company. 

  
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 The Trustee may request an Officer’s Certificate of the Company and an Opinion of Counsel of
the Company (that may be the Company’s General Counsel, Deputy General Counsel, Associate General Counsel or other senior attorney of the Company) reasonably satisfactory to the Trustee, each stating that such consolidation, merger, conveyance,
transfer or lease and the assumption agreement mentioned in clause (b) above comply with this Section 5.02 and that all conditions precedent herein provided for relating to such transaction have been complied with. 

Upon any consolidation or merger, or any conveyance, transfer or lease of substantially all of the assets of the Company as an entirety in
accordance with this Section 5.02, the successor corporation or Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may
exercise every right and power of, the Company under this Agreement applicable to the Certificates of each series with the same effect as if such successor corporation or Person had been named as the Company herein. No such conveyance, transfer or
lease of substantially all of the assets of the Company as an entirety shall have the effect of releasing any successor corporation or Person which shall have become such in the manner prescribed in this Section 5.02 from its liability in
respect of this Agreement and any Note Document applicable to the Certificates of such series to which it is a party. 
 ARTICLE VI 

DEFAULT 
 Section 6.01.
Indenture Events of Default and Triggering Events. (a) Upon the occurrence and during the continuation of any Indenture Event of Default under any Indenture, the Trustee may (i) to the extent it is the Controlling Party at such time (as
determined pursuant to the related Intercreditor Agreement), direct the exercise of remedies as provided in such related Intercreditor Agreement and (ii) if there is no related Intercreditor Agreement, direct the exercise of remedies or take
other action as provided in the relevant Indenture to the extent that it may do so as the holder of the Equipment Notes issued under such Indenture and held in the related Trust. 

(b) By acceptance of its Certificate, each Certificateholder agrees that at any time after the occurrence and during the continuation of a
Triggering Event, each Certificateholder of Certificates of certain series (each, a “Potential Purchaser” and, collectively, the “Potential Purchasers”) may have certain rights to purchase the Certificates of one or
more other series, all as set forth in the Trust Supplement applicable to the Certificates held by such Potential Purchaser. The purchase price with respect to the Certificates of any series shall be equal to the Pool Balance of the Certificates of
such series, together with accrued and unpaid interest thereon to the date of such purchase, without premium, but including any other amounts then due and payable to the Certificateholders of such series under this Agreement, any related
Intercreditor Agreement or any other Note Document or on or in respect of the Certificates of such series; provided, however, that if such purchase occurs after a Record Date, such purchase price shall be reduced by the amount to be
distributed under this Agreement on the related Distribution Date (which deducted amounts shall remain distributable to, and may be retained by, the Certificateholder as of such Record Date); provided, further, that no such purchase of

  
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Certificates of such series shall be effective unless the purchasing Certificateholder (each, a “Purchasing Certificateholder” and, collectively, the “Purchasing
Certificateholders”) shall certify to the Trustee that contemporaneously with such purchase, one or more Purchasing Certificateholders are purchasing, pursuant to the terms of this Agreement and the other Agreements, if any, relating to the
Certificates of a series that are subject to the same Intercreditor Agreement (such other Agreements, the “Other Agreements”), the Certificates of each such series that the Trust Supplement applicable to the Certificates held by the
Purchasing Certificateholder specifies may be purchased by such Purchasing Certificateholder. Each payment of the purchase price of the Certificates of any series shall be made to an account or accounts designated by the Trustee and each such
purchase shall be subject to the terms of this Section 6.01. By acceptance of its Certificate, each Certificateholder (each, a “Selling Certificateholder” and, collectively, the “Selling Certificateholders”) of
a series that is subject to purchase by Potential Purchasers, all as set forth in the Trust Supplement applicable to the Certificates held by the Selling Certificateholders, agrees that, at any time after the occurrence and during the continuance of
a Triggering Event, it will, upon payment of the purchase price specified in this Agreement by one or more Purchasing Certificateholders, forthwith sell, assign, transfer and convey to such Purchasing Certificateholder (without recourse,
representation or warranty of any kind except for its own acts), all of the right, title, interest and obligation of such Selling Certificateholder in this Agreement, any related Intercreditor Agreement, the related Liquidity Facility, the related
Note Documents and all Certificates of such series held by such Selling Certificateholder (excluding all right, title and interest under any of the foregoing to the extent such right, title or interest is with respect to an obligation not then due
and payable as respects any action or inaction or state of affairs occurring prior to such sale) and the Purchasing Certificateholder shall assume all of such Selling Certificateholder’s obligations under this Agreement, any related
Intercreditor Agreement, any related Liquidity Facility and the related Note Documents. The Certificates of such series will be deemed to be purchased on the date payment of the purchase price is made notwithstanding the failure of any Selling
Certificateholder to deliver any Certificates of such series and, upon such a purchase, (i) the only rights of the Selling Certificateholders will be to deliver the Certificates to the Purchasing Certificateholder and receive the purchase price
for such Certificates of such series and (ii) if the Purchasing Certificateholder shall so request, such Selling Certificateholder will comply with all of the provisions of Section 3.04 hereof to enable new Certificates of such series to
be issued to the Purchasing Certificateholder in such denominations as it shall request. All charges and expenses in connection with the issuance of any such new Certificates shall be borne by the Purchasing Certificateholder. 

Section 6.02. Incidents of Sale of Equipment Notes. Upon any sale of all or any part of the Equipment Notes held in the Trust made
either under the power of sale given under this Agreement or otherwise for the enforcement of this Agreement, the following shall be applicable: 

(1) Certificateholders and Trustee May Purchase Equipment Notes. Any Certificateholder, the Trustee in its individual or any
other capacity or any other Person may bid for and purchase any of the Equipment Notes held in the Trust, and upon compliance with the terms of sale, may hold, retain, possess and dispose of such Equipment Notes in their own absolute right without
further accountability. 

  
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 (2) Receipt of Trustee Shall Discharge Purchaser. The receipt of the Trustee
making such sale shall be a sufficient discharge to any purchaser for its purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its personal representative or assigns shall not be obliged to see to the
application of such purchase money, or be in any way answerable for any loss, misapplication or non-application thereof. 

(3) Application of Moneys Received upon Sale. Any moneys collected by the Trustee upon any sale made either under the power of
sale given by this Agreement or otherwise for the enforcement of this Agreement shall be applied as provided in Section 4.02. 

Section 6.03. Judicial Proceedings Instituted by Trustee; Trustee May Bring Suit. If there shall be a failure to make payment of
the principal of, premium, if any, or interest on any Equipment Note held in the related Trust, or if there shall be any failure to pay Rent (as defined in the relevant Lease) under any Lease when due and payable, then the Trustee, in its own name
and as trustee of an express trust, as holder of such Equipment Notes, to the extent permitted by and in accordance with the terms of any related Intercreditor Agreement and any related Note Documents (subject to rights of the applicable Owner
Trustee or Owner Participant to cure any such failure to pay principal of, premium, if any, or interest on any Equipment Note or to pay Rent under any Lease in accordance with the applicable Indenture and to the rights of the Lessee under any
applicable Lease), shall be entitled and empowered to institute any suits, actions or proceedings at law, in equity or otherwise, for the collection of the sums so due and unpaid on such Equipment Notes or under such Lease and may prosecute any such
claim or proceeding to judgment or final decree with respect to the whole amount of any such sums so due and unpaid. 
 Section 6.04.
Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority
in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust or pursuant to the terms of such Intercreditor Agreement, or
exercising any trust or power conferred on the Trustee under this Agreement or such Intercreditor Agreement, including any right of the Trustee as Controlling Party under such Intercreditor Agreement or as holder of the Equipment Notes held in the
related Trust; provided, however, that 
 (1) such Direction shall not in the opinion of the Trustee be in
conflict with any rule of law or with this Agreement and would not involve the Trustee in personal liability or expense; 

(2) the Trustee shall not determine that the action so directed would be unjustly prejudicial to the Certificateholders of such
series not taking part in such Direction; and 
 (3) the Trustee may take any other action deemed proper by the Trustee which
is not inconsistent with such Direction. 

  
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 Section 6.05. Waiver of Past Defaults. Subject to any related Intercreditor
Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust (i) may on behalf of all of the Certificateholders of such series
waive any past default or Event of Default under this Agreement and its consequences or (ii) if the Trustee is the Controlling Party, may direct the Trustee to instruct the applicable Loan Trustee to waive any past Indenture default, Indenture
Event of Default, or, if applicable, the corresponding Lease default, under any related Indenture and its consequences, and thereby annul any Direction given by such Certificateholders or the Trustee to such Loan Trustee with respect thereto, except
a default: 
 (1) in the deposit of any Scheduled Payment or Special Payment under Section 4.01 or in the distribution
of any payment under Section 4.02 on the Certificates of a series; or 
 (2) in the payment of the principal of,
premium, if any, or interest, if any, on the Equipment Notes held in the related Trust; or 
 (3) in respect of a covenant or
provision hereof which under Article IX hereof cannot be modified or amended without the consent of each Certificateholder holding an Outstanding Certificate of the series affected thereby. 

Upon any such waiver, such default shall cease to exist with respect to the Certificates of such series and any Event of Default arising
therefrom shall be deemed to have been cured for every purpose and any direction given by the Trustee on behalf of the Certificateholders of such series to the relevant Loan Trustee shall be annulled with respect thereto; but no such waiver shall
extend to any subsequent or other default or Event of Default or impair any right consequent thereon. Upon any such waiver, the Trustee shall vote the Equipment Notes issued under the relevant Indenture to waive the corresponding Indenture Event of
Default (and, if applicable, the corresponding Lease default). 
 Section 6.06. Right of Certificateholders to Receive
Payments Not to Be Impaired. Anything in this Agreement to the contrary notwithstanding, including, without limitation, Section 6.07 hereof, but subject to any related Intercreditor Agreement, the right of any Certificateholder to receive
distributions of payments required pursuant to Section 4.02 hereof on the applicable Certificates when due, or to institute suit for the enforcement of any such payment on or after the applicable Regular Distribution Date or Special
Distribution Date, shall not be impaired or affected without the consent of such Certificateholder. 
 Section 6.07.
Certificateholders May Not Bring Suit Except Under Certain Conditions. A Certificateholder of any series shall not have the right to institute any suit, action or proceeding at law or in equity or otherwise with respect to this
Agreement, for the appointment of a receiver or for the enforcement of any other remedy under this Agreement, unless: 
 (1)
such Certificateholder previously shall have given written notice to the Trustee of a continuing Event of Default; 

  
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 (2) Certificateholders holding Certificates of such series evidencing Fractional
Undivided Interests aggregating not less than 25% of the related Trust shall have requested the Trustee in writing to institute such action, suit or proceeding and shall have offered to the Trustee indemnity as provided in Section 7.03(e); 

(3) the Trustee shall have refused or neglected to institute any such action, suit or proceeding for 60 days after receipt
of such notice, request and offer of indemnity; and 
 (4) no direction inconsistent with such written request shall have
been given to the Trustee during such 60-day period by Certificateholders holding Certificates of such series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the
related Trust. 
 Except to the extent provided in any applicable Intercreditor Agreement or in any applicable Trust Supplement, it is
understood and intended that no one or more of the Certificateholders of any series shall have any right in any manner whatsoever hereunder or under the related Trust Supplement or under the Certificates of such series to (i) surrender, impair,
waive, affect, disturb or prejudice any property in the Trust Property of the related Trust, or the lien of any related Indenture on any property subject thereto, or the rights of the Certificateholders of such series or the holders of the related
Equipment Notes, (ii) obtain or seek to obtain priority over or preference with respect to any other such Certificateholder of such series or (iii) enforce any right under this Agreement, except in the manner provided in this Agreement and
for the equal, ratable and common benefit of all the Certificateholders of such series subject to the provisions of this Agreement. 

Section 6.08. Remedies Cumulative. Every remedy given under this Agreement to the Trustee or to any of the Certificateholders of
any series shall not be exclusive of any other remedy or remedies, and every such remedy shall be cumulative and in addition to every other remedy given under this Agreement or now or hereafter given by statute, law, equity or otherwise. 

Section 6.09. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Agreement, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the
manner and to the extent provided in the Trust Indenture Act; provided, however, that neither this Section 6.09 nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an
assessment in any suit instituted by the Company. 
 ARTICLE VII 

THE TRUSTEE 
 Section 7.01.
Certain Duties and Responsibilities. (a) Except during the continuance of an Event of Default in respect of a Trust, the Trustee undertakes to perform such 

  
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duties in respect of such Trust as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Trustee. 

(b) In case an Event of Default in respect of a Trust has occurred and is continuing, the Trustee shall exercise such of the rights and powers
vested in it by this Agreement in respect of such Trust, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(c) No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
failure to act, or its own willful misconduct, except that: 
 (1) this Subsection (c) shall not be construed to limit
the effect of Subsection (a) of this Section 7.01; and 
 (2) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts. 

(d) Whether or not herein expressly so provided, every provision of this Agreement relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section 7.01. 
 Section 7.02. Notice of
Defaults. (a) As promptly as practicable after, and in any event within 90 days after, the occurrence of any default (as such term is defined below) hereunder known to the Trustee, the Trustee shall transmit by mail to the Company, any
related Owner Trustees, any related Owner Participants, the related Loan Trustees and the Certificateholders holding Certificates of the related series, in the manner and to the extent provided in Section 313 (c) of the Trust Indenture
Act, notice of such default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal, premium, if any, or interest on
any Equipment Note, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith shall
determine that the withholding of such notice is in the interests of the Certificateholders of the related series. For the purpose of this Section 7.02 in respect of any Trust, the term “default” means any event that is, or after
notice or lapse of time or both would become, an Event of Default in respect of that Trust. 
 (b) The Trustee shall not be deemed to have
knowledge of any Default unless a Responsible Officer of the Trustee shall have received written notice of such Default; provided, however, that the Trustee shall be deemed to have notice of any failure to receive Scheduled Payments
under this Agreement. 
 Section 7.03. Certain Rights of Trustee. Subject to the provisions of Section 315 of the Trust
Indenture Act: 

  
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 (a) the Trustee may rely and shall be protected in acting or refraining from acting in reliance
upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Request; 

(c) whenever in the administration of this Agreement or any Intercreditor Agreement, the Trustee shall deem it desirable that a matter be
proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officer’s Certificate of the
Company, any related Owner Trustee or any related Loan Trustee; 
 (d) the Trustee may consult with counsel and the advice of such counsel or
any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement or any Intercreditor
Agreement at the Direction of any of the Certificateholders pursuant to this Agreement or any Intercreditor Agreement, unless such Certificateholders shall have offered to the Trustee reasonable security or indemnity against the cost, expenses and
liabilities which might be incurred by it in compliance with such Direction; 
 (f) the Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document; 

(g) the Trustee may execute any of the trusts or powers under this Agreement or any Intercreditor Agreement or perform any duties under this
Agreement or any Intercreditor Agreement either directly or by or through agents or attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it under this
Agreement or any Intercreditor Agreement; 
 (h) the Trustee shall not be liable with respect to any action taken or omitted to be taken by
it in good faith in accordance with the Direction of the Certificateholders holding Certificates of any series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust relating to the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement or any Intercreditor Agreement; and 

(i) the Trustee shall not be required to expend or risk its own funds in the performance of any of its duties under this Agreement, or in the
exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to it. 

Section 7.04. Not Responsible for Recitals or Issuance of Certificates. The recitals contained herein and in the Certificates of
each series, except the certificates of 

  
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authentication, shall not be taken as the statements of the Trustee, and the Trustee assumes no responsibility for their correctness. Subject to Section 7.15, the Trustee makes no
representations as to the validity or sufficiency of this Basic Agreement, any Equipment Notes, any Intercreditor Agreement, any Liquidity Facility to which the Trustee may be a party, the Certificates of any series, any Trust Supplement or any Note
Documents, except that the Trustee hereby represents and warrants that this Basic Agreement has been, and each Trust Supplement, each Certificate, each Note Purchase Agreement, each Intercreditor Agreement and any such Liquidity Facility of, or
relating to, each series will be executed and delivered by one of its officers who is duly authorized to execute and deliver such document on its behalf. 

Section 7.05. May Hold Certificates. The Trustee, any Paying Agent, Registrar or any of their Affiliates or any other agent, in
their respective individual or any other capacity, may become the owner or pledgee of Certificates and, subject to Sections 310(b) and 311 of the Trust Indenture Act, if applicable, may otherwise deal with the Company, the Parent, any Owner
Trustees, any Owner Participants or the Loan Trustees with the same rights it would have if it were not Trustee, Paying Agent, Registrar or such other agent. 

Section 7.06. Money Held in Trust. Money held by the Trustee or the Paying Agent in trust under this Agreement need not be
segregated from other funds except to the extent required in this Agreement or by law and neither the Trustee nor the Paying Agent shall have any liability for interest upon any such moneys except as provided for in this Agreement. 

Section 7.07. Compensation and Reimbursement. The Company agrees: 

(1) to pay, or cause to be paid, to the Trustee from time to time such reasonable compensation for all services rendered by it
under this Agreement as the Company and the Trustee may agree in writing from time to time (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); and 

(2) except as otherwise expressly provided herein or in any Trust Supplement, to reimburse, or cause to be reimbursed, the
Trustee upon its request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this
Basic Agreement, any Trust Supplement, any Intercreditor Agreement or any Liquidity Facility to which the Trustee may be a party (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such
expense, disbursement or advance as may be attributable to the Trustee’s negligence, willful misconduct or bad faith or as may be incurred due to the Trustee’s breach of its representations and warranties set forth in Section 7.15;
and 
 (3) to indemnify, or cause to be indemnified, the Trustee with respect to the Certificates of any series, pursuant to
the particular sections of the Note Purchase Agreement specified in the related Trust Supplement. 
 The Trustee shall be entitled to
reimbursement from, and shall have a lien prior to the Certificates of each series upon, all property and funds held or collected by the Trustee in its capacity as Trustee with respect to such series or the related Trust for any tax incurred without

  
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negligence, bad faith or willful misconduct, on its part, arising out of or in connection with the acceptance or administration of such Trust (other than any tax attributable to the
Trustee’s compensation for serving as such), including any reasonable costs and expenses incurred in contesting the imposition of any such tax. The Trustee shall notify the Company of any claim for any tax for which it may seek reimbursement.
If the Trustee reimburses itself from the Trust Property of such Trust for any such tax, it will mail a brief report within 30 days setting forth the amount of such tax and the circumstances thereof to all Certificateholders of such series as
their names and addresses appear in the Register. 
 Section 7.08. Corporate Trustee Required; Eligibility. Each Trust shall at
all times have a Trustee which shall be a bank, trust company or other financial institution organized and doing business under the laws of the United States or any state thereof, shall be eligible to act as a trustee under
Section 310(a) of the Trust Indenture Act and shall have a combined capital and surplus of at least $75,000,000 (or a combined capital and surplus in excess of $5,000,000 and the obligations of which, whether now in existence or hereafter
incurred, are fully and unconditionally guaranteed by a corporation organized and doing business under the laws of the United States, any state or territory thereof or the District of Columbia and having a combined capital and surplus of at least
$75,000,000). If such bank, trust company or other financial institution or such corporation publishes reports of conditions at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising
or examining authority, then for the purposes of this Section 7.08 the combined capital and surplus of such bank, trust company or other financial institution or such corporation shall be deemed to be its combined capital and surplus as set
forth in its most recent report of conditions so published. 
 In case at any time the Trustee shall cease to be eligible in accordance with
the provisions of this Section 7.08 to act as Trustee of any Trust, the Trustee shall resign immediately as Trustee of such Trust in the manner and with the effect specified in Section 7.09. 

Section 7.09. Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Trustee and no appointment
of a successor Trustee of any Trust pursuant to this Article VII shall become effective until the acceptance of appointment by the successor Trustee under Section 7.10. 

(b) The Trustee may resign at any time as Trustee of any or all Trusts by giving prior written notice thereof to the Company, the Authorized
Agents, any related Owner Trustees and the related Loan Trustees. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Company, any related Owner Trustees and the Trustee within 30 days after the giving of
such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(c) The Trustee may be removed at any time as the Trustee of any Trust by Direction of the Certificateholders of the related series holding
Certificates of such series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in such Trust delivered to the Trustee and to the Company, any related Owner Trustees and the related Loan Trustees. 

  
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 (d) If at any time in respect of any Trust: 

(1) the Trustee shall fail to comply with Section 310 of the Trust Indenture Act, if applicable, after written request
therefore by the Company or by any Certificateholder who has been a bona fide Certificateholder for at least six months; or 

(2) the Trustee shall cease to be eligible under Section 7.08 and shall fail to resign after written request therefor by
the Company or by any such Certificateholder; or 
 (3) the Trustee shall become incapable of acting or shall be adjudged a
bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation;

 then, in any case, (i) the Company may remove the Trustee or (ii) any Certificateholder of the related series who has been a bona fide
Certificateholder for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee of such Trust. 

(e) If a Responsible Officer of the Trustee shall obtain actual knowledge of an Avoidable Tax (as defined below) in respect of any Trust which
has been or is likely to be asserted, the Trustee shall promptly notify the Company and shall, within 30 days of such notification, resign as Trustee of such Trust hereunder unless within such 30-day
period the Trustee shall have received notice that the Company has agreed to pay such tax. The Company shall promptly appoint a successor Trustee of such Trust in a jurisdiction where there are no Avoidable Taxes. As used herein, an
“Avoidable Tax” in respect of such Trust means a state or local tax: (i) upon (w) such Trust, (x) such Trust Property, (y) Certificateholders of such Trust or (z) the Trustee for which the Trustee is
entitled to seek reimbursement from the Trust Property of such Trust, and (ii) which would be avoided if the Trustee were located in another state, or jurisdiction within a state, within the United States of America. A tax shall not be an
Avoidable Tax in respect of any Trust if the Company or any Owner Trustee shall agree to pay, and shall pay, such tax. 
 (f) If the Trustee
shall resign, be removed or become incapable of acting as Trustee of any Trust or if a vacancy shall occur in the office of the Trustee of any Trust for any cause, the Company shall promptly appoint a successor Trustee of such Trust. If, within one
year after such resignation, removal or incapability, or other occurrence of such vacancy, a successor Trustee of such Trust shall be appointed by Direction of the Certificateholders of the related series holding Certificates of such series
evidencing Fractional Undivided Interests aggregating not less than a majority in interest in such Trust delivered to the Company, any related Owner Trustees, the related Loan Trustee and the retiring Trustee, then the successor Trustee of such
Trust so appointed shall, with the approval of the Company of such appointment, which approval shall not be unreasonably withheld, forthwith upon its acceptance of such appointment, become the successor Trustee of such Trust and supersede the
successor Trustee of such Trust appointed by the Company as provided above. If no successor Trustee shall have been so appointed by the Company as provided above and accepted appointment in the manner hereinafter provided, the resigning Trustee or
any Certificateholder who has been a bona fide 

  
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Certificateholder of the related series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a
successor Trustee of such Trust. 
 (g) The successor Trustee of a Trust shall give notice of the resignation and removal of the Trustee and
appointment of the successor Trustee by mailing written notice of such event by first-class mail, postage prepaid, to the Certificateholders of the related series as their names and addresses appear in the Register. Each notice shall include the
name of such successor Trustee and the address of its Corporate Trust Office. 
 Section 7.10. Acceptance of Appointment by
Successor. Every successor Trustee appointed hereunder shall execute and deliver to the Company and to the retiring Trustee with respect to any or all Trusts an instrument accepting such appointment, and thereupon the resignation or removal of
the retiring Trustee with respect to such trust or Trusts shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee;
but, on request of the Company or the successor Trustee, such retiring Trustee shall execute and deliver an instrument transferring to such successor Trustee all such rights, powers and trusts of the retiring Trustee and shall duly assign, transfer
and deliver to such successor Trustee all Trust Property held by such retiring Trustee in respect of such Trusts hereunder (subject nevertheless to its lien, if any, provided for in Section 7.07) and all books and records, or true, correct and
complete copies thereof, held by such retiring Trustee in respect of such Trusts hereunder. Upon request of any such successor Trustee, the Company, the retiring Trustee and such successor Trustee shall execute and deliver any and all instruments
containing such provisions as shall be necessary or desirable to transfer and confirm to, and for more fully and certainly vesting in, such successor Trustee all such rights, powers and trusts. 

If a successor Trustee is appointed with respect to one or more (but not all) Trusts, the Company, the predecessor Trustee and each successor
Trustee with respect to any Trust shall execute and deliver a supplemental agreement hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all of the rights, powers, trusts and duties of the predecessor
Trustee with respect to the Trusts as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Basic Agreement and the applicable Trust
Supplements as shall be necessary to provide for or facilitate the administration of the Trusts under this Agreement by more than one Trustee, it being understood that nothing herein or in such supplemental agreement shall constitute such Trustees
as co-Trustees of the same Trust and that each such Trustee shall be Trustee of separate Trusts. 

No institution shall accept its appointment as a Trustee hereunder unless at the time of such acceptance such institution shall be qualified
and eligible under this Article VII. 
 Section 7.11. Merger, Conversion, Consolidation or Succession to Business. Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all
or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided, 

  
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however, that such corporation shall be otherwise qualified and eligible under this Article VII, without the execution or filing of any paper or any further act on the part of any of
the parties hereto. In case any Certificates shall have been executed or authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such execution or
authentication and deliver the Certificates so executed or authenticated with the same effect as if such successor Trustee had itself executed or authenticated such Certificates. 

Section 7.12. Maintenance of Agencies. (a) With respect to each series of Certificates, there shall at all times be maintained an
office or agency in the location set forth in Section 12.04 or at such other location as may be specified in the applicable Trust Supplement where Certificates of such series may be presented or surrendered for registration of transfer or for
exchange, and for payment thereof, and where notices and demands to or upon the Trustee in respect of such Certificates or this Agreement may be served; provided, however, that, if it shall be necessary that the Trustee maintain an
office or agency in another location with respect to the Certificates of any series (e.g., the Certificates of such series shall be represented by Definitive Certificates and shall be listed on a national securities exchange), the Trustee will make
all reasonable efforts to establish such an office or agency. Written notice of the location of each such other office or agency and of any change of location thereof shall be given by the Trustee to the Company, any Owner Trustees, the Loan
Trustees (in the case of any Owner Trustee or Loan Trustee, at its address specified in the Note Documents or such other address as may be notified to the Trustee) and the Certificateholders of such series. In the event that no such office or agency
shall be maintained or no such notice of location or of change of location shall be given, presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee. 

(b) There shall at all times be a Registrar and a Paying Agent hereunder with respect to the Certificates of each series. Each such Authorized
Agent shall be a bank, trust company, or other financial institution organized and doing business under the laws of the United States or any state thereof, with a combined capital and surplus of at least $75,000,000 (or a combined capital and
surplus in excess of $5,000,000, the obligations of which are fully and unconditionally guaranteed by a corporation organized and doing business under the laws of the United States or any state or territory thereof or the District of Columbia, with
a combined capital and surplus of at least $75,000,000), and shall be authorized under such laws to exercise corporate trust powers, subject to supervision by federal or state authorities. The Trustee shall initially be the Paying Agent and, as
provided in Section 3.04, Registrar hereunder with respect to the Certificates of each series. Each Registrar other than the Trustee shall furnish to the Trustee, at stated intervals of not more than six months, and at such other times as the
Trustee may request in writing, a copy of the Register maintained by such Registrar. 
 (c) Any corporation into which any Authorized Agent
may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, consolidation or conversion to which any Authorized Agent shall be a party, or any corporation succeeding to the corporate trust business
of any Authorized Agent, shall be the successor of such Authorized Agent, if such successor corporation is otherwise eligible under this Section 7.12, without the execution or filing of any paper or any further act on the part of the parties
hereto or such Authorized Agent or such successor corporation. 

  
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 (d) Any Authorized Agent may at any time resign by giving written notice of resignation to the
Trustee, the Company, any related Owner Trustees and the related Loan Trustees. The Company may, and at the request of the Trustee shall, at any time terminate the agency of any Authorized Agent by giving written notice of termination to such
Authorized Agent and to the Trustee. Upon the resignation or termination of an Authorized Agent or in case at any time any such Authorized Agent shall cease to be eligible under this Section 7.12 (when, in either case, no other Authorized Agent
performing the functions of such Authorized Agent shall have been appointed), the Company shall promptly appoint one or more qualified successor Authorized Agents, reasonably satisfactory to the Trustee, to perform the functions of the Authorized
Agent which has resigned or whose agency has been terminated or who shall have ceased to be eligible under this Section 7.12. The Company shall give written notice of any such appointment made by it to the Trustee, any related Owner Trustees
and the related Loan Trustees; and in each case the Trustee shall mail notice of such appointment to all Certificateholders of the related series as their names and addresses appear on the Register for such series. 

(e) The Company agrees to pay, or cause to be paid, from time to time to each Authorized Agent such compensation for its services as the
Company and the Trustee may agree in writing from time to time and to reimburse it for its reasonable expenses to the extent set forth in Section 7.07(2). 

Section 7.13. Money for Certificate Payments to Be Held in Trust. All moneys deposited with any Paying Agent for the purpose of
any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section 7.13. Moneys so deposited and held in trust shall constitute a
separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited. 
 The Trustee may at any
time, for the purpose of obtaining the satisfaction and discharge of this Agreement or for any other purpose, direct any Paying Agent to pay to the Trustee all sums held in trust by such Paying Agent, such sums to be held by the Trustee upon the
same trusts as those upon which such sums were held by such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Section 7.14. Registration of Equipment Notes in Trustee’s Name. Subject to the provisions of any Intercreditor
Agreement and Section 12.03 hereof, the Trustee agrees that all Equipment Notes to be purchased by any Trust, Specified Investments, if any, to be held by the Trustee on behalf of a Trust and Permitted Investments, if any, to be held by the
Trustee on behalf of a Trust shall be issued in the name of the Trustee as trustee for the applicable Trust or its nominee and held by the Trustee in trust for the benefit of the Certificateholders of such series, or, if not so held, the Trustee or
its nominee shall be reflected as the owner of such Equipment Notes, Specified Investments or Permitted Investments, as the case may be, in the register of the issuer of such Equipment Notes, 

  
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Specified Investments or Permitted Investments, as the case may be. In no event shall the Trustee invest in, or hold, Equipment Notes, Specified Investments or Permitted Investments in a manner
that would cause the Trustee not to have the ownership interest in (or a securities entitlement with respect to) such Equipment Notes, Specified Investments or Permitted Investments under the applicable provisions of the Uniform Commercial Code
in effect where the Trustee holds such Equipment Notes, Specified Investments or Permitted Investments or other applicable law then in effect. 

Section 7.15. Representations and Warranties of Trustee. The Trustee hereby represents and warrants that: 

(a) the Trustee is a Delaware banking corporation duly organized and validly existing in good standing under the laws of the State of Delaware.

 (b) the Trustee has full power, authority and legal right to execute, deliver and perform this Agreement, any Intercreditor Agreement, any
Liquidity Facility, the Certificates and the Note Purchase Agreements and has taken all necessary action to authorize the execution, delivery and performance by it of this Agreement, any Intercreditor Agreement, any Liquidity Facility, the
Certificates and the Note Purchase Agreements; 
 (c) the execution, delivery and performance by the Trustee of this Agreement, any
Intercreditor Agreement, any Liquidity Facility, the Certificates and the Note Purchase Agreements (i) will not violate any provision of any United States federal law or the law of the state of the United States where it is located governing
the banking and trust powers of the Trustee or any order, writ, judgment, or decree of any court, arbitrator or governmental authority applicable to the Trustee or any of its assets, (ii) will not violate any provision of the charter documents
or by-laws of the Trustee, and (iii) will not violate any provision of, or constitute, with or without notice or lapse of time or both, a default under, or result in the creation or imposition of any lien
on any properties included in the Trust Property pursuant to the provisions of any mortgage, indenture, contract, agreement or other undertaking to which it is a party, which violation, default or lien could reasonably be expected to have an adverse
effect on the Trustee’s performance or ability to perform its duties hereunder or thereunder or on the transactions contemplated herein or therein; 

(d) the execution, delivery and performance by the Trustee of this Agreement, any Intercreditor Agreement, any Liquidity Facility, the
Certificates and the Note Purchase Agreements will not require the authorization, consent, or approval of, the giving of notice to, the filing or registration with, or the taking of any other action in respect of, any governmental authority or
agency of the United States or the state of the United States where it is located regulating the banking and corporate trust activities of the Trustee; 

(e) this Agreement, any Intercreditor Agreement, any Liquidity Facility, the Certificates and the Note Purchase Agreements have been or will be
duly executed and delivered by the Trustee and constitute or upon such execution and delivery will constitute the legal, valid and binding agreements of the Trustee, enforceable against it in accordance with their respective terms; provided,
however, that enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and (ii) general principles of equity; and 

(f) the statements made by it in a Statement of Eligibility on Form T-l supplied or to be supplied
to the Company in connection with the registration of any Certificates 

  
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are and will be true and accurate subject to the qualifications set forth therein; and that such statement complies and will comply in all material respects with the requirements of the Trust
Indenture Act and the Securities Act of 1933, as amended. 
 The representation and warranties set forth above shall be deemed to be made by
the Trustee on each Issuance Date, except as otherwise provided in the applicable Trust Supplement. 
 Section 7.16. Withholding
Taxes; Information Reporting. As to the Certificates of any series, the Trustee, as trustee of the related grantor trust created by this Agreement, shall exclude and withhold from each distribution of principal, premium, if any, and interest and
other amounts due under this Agreement or under the Certificates of such series any and all withholding taxes applicable thereto as required by law. The Trustee agrees to act as such withholding agent and, in connection therewith, whenever any
present or future taxes or similar charges are required to be withheld with respect to any amounts payable in respect of the Certificates of such series, to withhold such amounts and timely pay the same to the appropriate authority in the name of
and on behalf of the Certificateholders of such series, that it will file any necessary withholding tax returns or statements when due, and that, as promptly as possible after the payment thereof, it will deliver to each such Certificateholder of
such series appropriate documentation showing the payment thereof, together with such additional documentary evidence as such Certificateholders may reasonably request from time to time. The Trustee agrees to file any other information reports as it
may be required to file under United States law. 
 Section 7.17. Trustee’s Liens. The Trustee in its
individual capacity agrees that it will, in respect of each Trust created by this Agreement, at its own cost and expense (and without the right of indemnity hereunder, including Section 7.07), promptly take any action as may be necessary to
duly discharge and satisfy in full any mortgage, pledge, lien, charge, encumbrance, security interest or claim (“Trustee’s Liens”) on or with respect to the Trust Property of such Trust which is attributable to the Trustee
either (i) in its individual capacity and which is unrelated to the transactions contemplated by this Agreement or the related Note Documents or (ii) as Trustee under this Agreement or in its individual capacity and which arises out of
acts or omissions which are not contemplated by this Agreement. 
 Section 7.18. Preferential Collection of Claims. The Trustee
shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. If the Trustee shall resign or be removed as Trustee, it shall be subject to
Section 311(a) of the Trust Indenture Act to the extent provided therein. 
 ARTICLE VIII 

CERTIFICATEHOLDERS’ LISTS AND REPORTS BY TRUSTEE 

Section 8.01. The Company to Furnish Trustee with Names and Addresses of Certificateholders. The Company will furnish to
the Trustee within 15 days after each Record Date with respect to a Scheduled Payment, and at such other times as the Trustee may request in writing within 30 days after receipt by the Company of any such request, a list, in such form as
the Trustee may reasonably require, of all information in the possession or control of the 

  
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Company as to the names and addresses of the Certificateholders of each series, in each case as of a date not more than 15 days prior to the time such list is furnished; provided,
however, that so long as the Trustee is the sole Registrar for such series, no such list need be furnished; and provided further, however, that no such list need be furnished for so long as a copy of the Register is being
furnished to the Trustee pursuant to Section 7.12. 
 Section 8.02. Preservation of Information; Communications to
Certificateholders. The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Certificateholders of each series contained in the most recent list furnished to the Trustee as provided in
Section 7.12 or Section 8.01, as the case may be, and the names and addresses of Certificateholders of each series received by the Trustee in its capacity as Registrar, if so acting. The Trustee may destroy any list furnished to it as
provided in Section 7.12 or Section 8.01, as the case may be, upon receipt of a new list so furnished. 
 Section 8.03.
Reports by Trustee. Within 60 days after May 15 of each year commencing with the first full year following the issuance of any series of Certificates, the Trustee shall transmit to the Certificateholders of such series, as provided
in Section 313(c) of the Trust Indenture Act, a brief report dated as of such May 15, if required by and in compliance with Section 313(a) of the Trust Indenture Act. The Trustee shall also transmit to Certificateholders
such reports, if any, as may be required pursuant to Section 313(b) of the Trust Indenture Act at the times and in the manner provided pursuant thereto and to Section 313(c) thereof. 

Section 8.04. Reports by the Company. The Company shall: 

(a) file with the Trustee, within 30 days after the Company is required to file the same with the SEC, copies of the annual reports and of
the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to section 13 or
section 15(d) of the Securities Exchange Act of 1934, as amended; or, if the Company is not required to file information, documents or reports pursuant to either of such sections, then to file with the Trustee and the SEC, in accordance with
rules and regulations prescribed by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to section 13 of the Securities Exchange Act of 1934, as amended, in respect of a security
listed and registered on a national securities exchange as may be prescribed in such rules and regulations; 
 (b) file with the Trustee and
the SEC, in accordance with the rules and regulations prescribed by the SEC, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of the Company provided for in this
Agreement, as may be required by such rules and regulations, including, in the case of annual reports, if required by such rules and regulations, certificates or opinions of independent public accountants, conforming to the requirements of
Section 1.02; 
 (c) transmit to all Certificateholders, in the manner and to the extent provided in Section 313 (c) of the
Trust Indenture Act, such summaries of any information, documents 

  
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and reports required to be filed by the Company pursuant to subsections (a) and (b) of this Section 8.04 as may be required by rules and regulations prescribed by the SEC; and 

(d) furnish to the Trustee, not less often than annually, a brief certificate from the principal executive officer, principal financial
officer or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions and covenants of the Company under this Agreement (it being understood that for purposes of this paragraph (d), such
compliance shall be determined without regard to any period of grace or requirement of notice provided under this Agreement). 
 ARTICLE IX

 SUPPLEMENTAL AGREEMENTS 

Section 9.01. Supplemental Agreements without Consent of Certificateholders. Without the consent of any Certificateholders,
the Company may (but will not be required to), and the Trustee (subject to Section 9.03) shall, at the Company’s request, at any time and from time to time, enter into one or more agreements supplemental hereto or, if applicable, to an
Intercreditor Agreement, a Note Purchase Agreement, a Liquidity Facility or a Guarantee, for any of the following purposes: 

(1) to provide for the formation of a Trust, the issuance of a series of Certificates and other matters contemplated by
Section 2.01(b) or to add, or to change or eliminate, any provision effecting a series of Certificates not yet issued, including to make appropriate provisions for a Guarantee; or 

(2) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of
the Company herein contained or of the Company’s obligations under any Intercreditor Agreement, any Note Purchase Agreement, or any Liquidity Facility or, if applicable, to evidence the succession of another Person to the Parent and the
assumption by any such successor of the covenants of the Parent contained in this Agreement or of the Parent’s obligations under any Guarantee; or 

(3) to add to the covenants of the Company or the Parent for the benefit of the Certificateholders of any series, or to
surrender any right or power conferred upon the Company or the Parent in this Agreement, any Note Purchase Agreement, any Intercreditor Agreement, any Liquidity Facility or any Guarantee; or 

(4) to correct or supplement any provision in this Agreement, any Intercreditor Agreement, any Note Purchase Agreement, any
Liquidity Facility or any Guarantee which may be defective or inconsistent with any other provision herein or therein or to cure any ambiguity or to modify any other provision with respect to matters or questions arising under this Agreement, any
Intercreditor Agreement, any Note Purchase Agreement, any Liquidity Facility or any Guarantee, provided, however, that any such action shall not materially adversely affect the interests of the Certificateholders of any series; to
correct any mistake in this Agreement, any Intercreditor Agreement, any 

  
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Note Purchase Agreement, any Liquidity Facility or any Guarantee; or, as provided in any Intercreditor Agreement, to give effect to or provide for a Replacement Liquidity Facility (as defined in
such Intercreditor Agreement); or 
 (5) to comply with any requirement of the SEC, any applicable law, rules or regulations
of any exchange or quotation system on which the Certificates of any series are listed or of any regulatory body; or 
 (6)
to modify, eliminate or add to the provisions of this Agreement, any Intercreditor Agreement, any Note Purchase Agreement, any Liquidity Facility or any Guarantee to such extent as shall be necessary to continue or obtain the qualification of this
Agreement, any Intercreditor Agreement, any Note Purchase Agreement, any Liquidity Facility or any Guarantee under the Trust Indenture Act or under any similar Federal statute hereafter enacted, and to add to this Agreement, any Intercreditor
Agreement, any Note Purchase Agreement, any Liquidity Facility or any Guarantee such other provisions as may be expressly permitted by the Trust Indenture Act, excluding, however, the provisions referred to in Section 316(a)(2) of the
Trust Indenture Act as in effect at the date as of which this Basic Agreement was executed or any corresponding provision in any similar Federal statute hereafter enacted; or 

(7) to evidence and provide for the acceptance of appointment under this Agreement, any Intercreditor Agreement, any Note
Purchase Agreement, any Liquidity Facility or any Guarantee by a successor Trustee with respect to one or more Trusts and to add to or change any of the provisions of this Agreement, any Intercreditor Agreement, any Note Purchase Agreement, any
Liquidity Facility or any Guarantee as shall be necessary to provide for or facilitate the administration of the Trust, pursuant to the requirements of Section 7.10; or 

(8) to provide the information required under Section 7.12 and Section 12.04 as to the Trustee; or 

(9) to add to or change any of the provisions of the Certificate of any series or this Agreement to such extent as shall be
necessary to facilitate the issuance of Certificates of such series in bearer form or to facilitate or provide for the issuance of Certificates of such series in global form in addition to or in place of Certificates in certificated form; or 

(10) to provide for the delivery of agreements supplemental to this Agreement or the Certificates of any series in or by any
means of any computerized, electronic or other medium, including without limitation by computer diskette; or 
 (11) to
correct or supplement the description of any property constituting property of the Trust; or 
 (12) to modify, eliminate or
add to the provisions of this Basic Agreement, any Trust Supplement or any applicable Note Purchase Agreement in order to reflect the substitution of a Substitute Aircraft for any Aircraft; or 

  
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 (13) to comply with any requirement of the SEC in connection with the
qualification of this Agreement, any Guarantee or any other agreement or instrument related to the Certificates of any series under the Trust Indenture Act; or 

(14) to make any other amendments or modifications hereto, provided, however, that such amendments or
modifications shall apply to Certificates of any series to be thereafter issued; 
 provided, however, that no such supplemental agreement
shall adversely affect the status of any Trust as a grantor trust under Subpart E, Part I of Subchapter J of Chapter 1 of Subtitle A of the Internal Revenue Code of 1986, as amended, for U.S. federal income tax purposes. 

Section 9.02. Supplemental Agreements with Consent of Certificateholders. With respect to each separate Trust and the
series of Certificates relating thereto, with the consent of the Certificateholders holding Certificates of such series (including consents obtained in connection with a tender offer or exchange offer for the Certificates) evidencing Fractional
Undivided Interests aggregating not less than a majority in interest in such Trust, by Direction of said Certificateholders delivered to the Company and the Trustee, the Company, and, if applicable, the Parent may, but shall not be obligated to, and
the Trustee (subject to Section 9.03) shall, enter into an agreement or agreements supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, any
Intercreditor Agreement, any Liquidity Facility or any Guarantee to the extent applicable to such Certificateholders or of modifying in any manner the rights and obligations of such Certificateholders under this Agreement, any Intercreditor
Agreement, any Liquidity Facility or any Guarantee; provided, however, that no such agreement shall, without the consent of the Certificateholder of each Outstanding Certificate adversely affected thereby: 

(1) reduce in any manner the amount of, or delay the timing of, any receipt by the Trustee of payments on the Equipment Notes
held in such Trust or distributions that are required to be made herein on any Certificate of such series, or change any date of payment on any Certificate of such series, or change the place of payment where, or the coin or currency in which, any
Certificate of such series is payable (other than as provided for in such Certificate), or impair the right to institute suit for the enforcement of any such payment or distribution on or after the Regular Distribution Date or Special Distribution
Date applicable thereto; or 
 (2) permit the disposition of any Equipment Note included in the Trust Property of such Trust
except as permitted by this Agreement or any Intercreditor Agreement, or otherwise deprive such Certificateholder of the benefit of the ownership of the Equipment Notes in such Trust; or 

(3) alter the priority of distributions specified in the relevant Intercreditor Agreement, if any, in a manner materially
adverse to the interests of the Certificateholders of such series; or 
 (4) reduce the specified percentage of the aggregate
Fractional Undivided Interests of such Trust that is required for any such supplemental agreement, or reduce 

  
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such specified percentage required for any waiver (of compliance with certain provisions of this Agreement or certain defaults hereunder and their consequences) provided for in this Agreement; or

 (5) modify any of the provisions of this Section 9.02 or Section 6.05, except to increase any such percentage or
to provide that certain other provisions of this Agreement cannot be modified or waived without the consent of the Certificateholder of each Certificate of such series affected thereby; 

(6) adversely affect the status of any Trust as a grantor trust under Subpart E, Part I of Subchapter J of Chapter 1
of Subtitle A of the Internal Revenue Code of 1986, as amended, for U.S. federal income tax purposes; or 
 (7) if a
Guarantee is issued guaranteeing the Equipment Notes held in such Trust or any Leases related to Equipment Notes to be acquired and held in such Trust, modify such Guarantee in a manner materially adverse to the interests of the Certificateholders
of such series. 
 It shall not be necessary for any Direction of such Certificateholders under this Section 9.02 to approve the
particular form of any proposed supplemental agreement, but it shall be sufficient if such Direction shall approve the substance thereof. 

Section 9.03. Documents Affecting Immunity or Indemnity. If in the opinion of the Trustee any document required to be executed by
it pursuant to the terms of Section 9.01 or 9.02 affects any interest, right, duty, immunity or indemnity in favor of the Trustee under this Basic Agreement or any Trust Supplement, the Trustee may in its discretion decline to execute such
document. 
 Section 9.04. Execution of Supplemental Agreements. In executing, or accepting the additional trusts created by,
any supplemental agreement permitted by this Article IX or the modifications thereby of the trusts created by this Agreement, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel stating
that the execution of such supplemental agreement is authorized or permitted by this Agreement. 
 Section 9.05. Effect of
Supplemental Agreements. Upon the execution of any agreement supplemental to this Agreement under this Article IX, this Agreement shall be modified in accordance therewith, and such supplemental agreement shall form a part of this Agreement
for all purposes; and every Certificateholder of each series theretofore or thereafter authenticated and delivered hereunder shall be bound thereby to the extent applicable to such series. 

Section 9.06. Conformity with Trust Indenture Act. Every supplemental agreement executed pursuant to this Article IX shall
conform to the requirements of the Trust Indenture Act as then in effect. 
 Section 9.07. Reference in Certificates to Supplemental
Agreements. Certificates of each series authenticated and delivered after the execution of any supplemental agreement applicable to such series pursuant to this Article IX may bear a notation in form 

  
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approved by the Trustee as to any matter provided for in such supplemental agreement; and, in such case, suitable notation may be made upon Outstanding Certificates of such series after proper
presentation and demand. 
 ARTICLE X 

AMENDMENTS TO INDENTURES AND OTHER NOTE DOCUMENTS 

Section 10.01. Amendments and Supplements to Indentures and Other Note Documents. In the event that the Trustee, as holder (or
beneficial owner through the Subordination Agent) of any Equipment Notes (or as a prospective purchaser of any Postponed Notes) in trust for the benefit of the Certificateholders of any series or as Controlling Party under an Intercreditor
Agreement, receives (directly or indirectly through the Subordination Agent) a request for a consent to any amendment, modification, waiver or supplement under any Indenture, other Note Document or any other related document, the Trustee shall
forthwith send a notice of such proposed amendment, modification, waiver or supplement to each Certificateholder of such series registered on the Register as of the date of such notice. The Trustee shall request from the Certificateholders of such
series a Direction as to (a) whether or not to take or refrain from taking (or direct the Subordination Agent to take or refrain from taking) any action which a holder of (or, with respect to Postponed Notes, a prospective purchaser of) such
Equipment Note or a Controlling Party has the option to direct, (b) whether or not to give or execute (or direct the Subordination Agent to give or execute) any waivers, consents, amendments, modifications or supplements as a holder of (or,
with respect to Postponed Notes, a prospective purchaser of) such Equipment Note or a Controlling Party and (c) how to vote (or direct the Subordination Agent to vote) any Equipment Note (or, with respect to a Postponed Note, its commitment to
acquire such Postponed Note) if a vote has been called for with respect thereto. Provided such a request for Certificateholder Direction shall have been made, in directing any action or casting any vote or giving any consent as the holder of any
Equipment Note (or in directing the Subordination Agent in any of the foregoing), (i) other than as Controlling Party, the Trustee shall vote for or give consent to any such action with respect to such Equipment Note (or Postponed Note) in the
same proportion as that of (A) the aggregate face amount of all Certificates actually voted in favor of or for giving consent to such action by such Direction of Certificateholders to (B) the aggregate face amount of all Outstanding
Certificates and (ii) as Controlling Party, the Trustee shall vote as directed in such Certificateholder Direction by the Certificateholders of such series evidencing a Fractional Undivided Interest aggregating not less than a majority in
interest in the Trust. For purposes of the immediately preceding sentence, a Certificate shall have been “actually voted” if the Holder of such Certificate has delivered to the Trustee an instrument evidencing such Holder’s consent to
such Direction prior to one Business Day before the Trustee directs such action or casts such vote or gives such consent. Notwithstanding the foregoing, but subject to Section 6.04 and any Intercreditor Agreement, the Trustee may, with respect
to the Certificates of any series, in its own discretion and at its own direction, consent and notify the relevant Loan Trustee of such consent (or direct the Subordination Agent to consent and notify the Loan Trustee of such consent) to any
amendment, modification, waiver or supplement under any related Indenture or any other related Note Document if an Event of Default hereunder shall have occurred and be continuing or if such amendment, modification, waiver or supplement will not
materially adversely affect the interests of the Certificateholders of such series. 

  
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 ARTICLE XI 

TERMINATION OF TRUSTS 

Section 11.01. Termination of the Trusts. In respect of each Trust created by the Basic Agreement as supplemented by a related
Trust Supplement, the respective obligations and responsibilities of the Company and the Trustee and, if applicable, the Parent, with respect to such Trust shall terminate upon the distribution to all Holders of Certificates of the series of such
Trust and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property of such Trust; provided, however, that in no event shall such
Trust continue beyond 21 years less one day following the death of the last survivor of all descendants living on the date hereof of Joseph P. Kennedy, Sr., unless applicable law shall permit a longer term, in which case such longer term shall
apply. 
 Notice of any termination of a Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution
Date, as the case may be) upon which the Certificateholders of any series may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to Certificateholders of such
series not earlier than the minimum number of days and not later than the maximum number of days specified therefor in the related Trust Supplement preceding such final distribution specifying (A) the Regular Distribution Date (or Special
Distribution Date, as the case may be) upon which the proposed final payment of the Certificates of such series will be made upon presentation and surrender of Certificates of such series at the office or agency of the Trustee therein specified,
(B) the amount of any such proposed final payment, and (C) that the Record Date otherwise applicable to such Regular Distribution Date (or Special Distribution Date, as the case may be) is not applicable, payments being made only upon
presentation and surrender of the Certificates of such series at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Registrar at the time such notice is given to Certificateholders of such series. Upon
presentation and surrender of the Certificates of such series in accordance with such notice, the Trustee shall cause to be distributed to Certificateholders of such series amounts distributable on such Regular Distribution Date (or Special
Distribution Date, as the case may be) pursuant to Section 4.02. 
 In the event that all of the Certificateholders of such series
shall not surrender their Certificates for cancellation within six months after the date specified in the above-mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders of such series to surrender
their Certificates for cancellation and receive the final distribution with respect thereto. No additional interest shall accrue on the Certificates of such series after any Regular Distribution Date (or Special Distribution Date, as the case may
be) of such series, as specified in the first written notice. In the event that any money held by the Trustee for the payment of distributions on the Certificates of such series shall remain unclaimed for two years (or such lesser time as the
Trustee shall be satisfied, after 60 days’ notice from the Company, is one month prior to the escheat period provided under applicable law) after the final distribution date with respect thereto, the Trustee shall pay to each Loan Trustee
the appropriate amount of money relating to such Loan Trustee and shall give written notice thereof to any related Owner Trustees and the Company. 

  
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 ARTICLE XII 

MISCELLANEOUS PROVISIONS 

Section 12.01. Limitation on Rights of Certificateholders. (a) The insolvency, death or incapacity of any Certificateholder
of any series shall not operate to terminate this Agreement or the related Trust, nor entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or commence any proceeding in any court for a
partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. No Certificateholder of any series shall be entitled to revoke the related Trust. 

(b) No transfer, by operation of law or otherwise, of any Certificate or other right, title and interest of any Certificateholder in and to
the applicable Trust Property or under the related Trust shall operate to terminate the Trust or entitle such Certificateholder or any successor or transferee of such Certificateholder to an accounting or to the transfer to it of legal title to any
part of such Trust Property. 
 Section 12.02. Certificates Nonassessable and Fully Paid. Except as set forth in the last
sentence of this Section 12.02, Certificateholders of each series shall not be personally liable for obligations of the related Trust, the Fractional Undivided Interests represented by the Certificates of such series shall be nonassessable for
any losses or expenses of such Trust or for any reason whatsoever, and Certificates of such series upon authentication thereof by the Trustee pursuant to Section 3.02 are and shall be deemed fully paid. No Certificateholder of such series shall
have any right (except as expressly provided herein) to vote or in any manner otherwise control the operation and management of the related Trust Property, the related Trust, or the obligations of the parties hereto, nor shall anything set forth
herein, or contained in the terms of the Certificates of such series, be construed so as to constitute the Certificateholders of such series from time to time as partners or members of an association. Neither the existence of the Trust nor any
provision in this Agreement is intended to or shall limit the liability the Certificateholders would otherwise incur if the Certificateholders owned Trust Property as co-owners, or incurred any obligations of
the Trust, directly rather than through the Trust. 
 Section 12.03. Registration of Equipment Notes in Name of Subordination
Agent. If a Trust is party to an Intercreditor Agreement, the Trustee agrees that all Equipment Notes to be purchased by such Trust may be issued in the name of the Subordination Agent under such Intercreditor Agreement or its nominee and held
by such Subordination Agent in trust for the benefit of the Certificateholders, or, if not so held, such Subordination Agent or its nominee shall be reflected as the owner of such Equipment Notes in the register of the issuer of such Equipment
Notes. 
 Section 12.04. Notices. (a) Unless otherwise specifically provided or permitted herein or in the applicable Trust
Supplement with respect to any Trust, all notices required or permitted under the terms and provisions of this Basic Agreement or such Trust Supplement with respect to such Trust shall be in English and in writing, and any such notice may be given
by United States mail, courier service or facsimile, or any other customary means of communication, and any such notice shall be effective when delivered or received or, if mailed, 

  
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three days after deposit in the United States mail with proper postage for ordinary mail prepaid, and if delivered by facsimile, upon completion of transmission and confirmation by the sender (by
a telephone call to a representative of the recipient or by machine confirmation) that the transmission was received), 
 if to the Company:

 US Airways, Inc. 
 111 West
Rio Salado Parkway 
 Tempe, AZ 85281 

Attention: Treasurer 

Telephone: ### 
 Facsimile: ###

 with a copy to the attention of the Company’s Office 

of the General Counsel at the same address: 

Attention: Aircraft Counsel 

Facsimile: ### 
 if to the
Trustee: 
 Wilmington Trust Company, as Trustee 

100 North Market Street 

Wilmington, DE 19890-1605 

Attention: Corporate Trust Administration 

Telephone: ### 
 Facsimile: ###

 (b) The Company or the Trustee, by notice to the other, may designate additional or different addresses for subsequent notices or
communications. 
 (c) Any notice or communication to Certificateholders of any series shall be mailed by first-class mail to the addresses
for Certificateholders of such series shown on the Register kept by the Registrar and to addresses filed with the Trustee for Certificate Owners of such series; provided, however, that if The Depository Trust Company, or
Cede & Co., as its nominee, is the sole Certificateholder of record, such notices or communications need only be sent to The Depository Trust Company and may be sent by any means permitted under subsection (a) above. Failure so to mail
a notice or communication or any defect in such notice or communication shall not affect its sufficiency with respect to other Certificateholders or Certificate Owners of such series. 

(d) If a notice or communication is mailed in the manner provided above within the time prescribed, it is conclusively presumed to have been
duly given, whether or not the addressee receives it. 

  
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 (e) If the Company mails a notice or communication to the Certificateholders of such series, it
shall mail a copy to the Trustee and to each Paying Agent for such series at the same time. 
 (f) Notwithstanding the foregoing, all
communications or notices to the Trustee shall be deemed to be given only when received by a Responsible Officer of the Trustee. 
 (g) The
Trustee shall promptly furnish the Company with a copy of any report, demand, notice or written communication received by the Trustee hereunder from, or sent or furnished by the Trustee hereunder to, any Certificateholder, Owner Trustee, Loan
Trustee, Liquidity Provider, Subordination Agent or other Person. 
 Section 12.05. Governing Law and Venue; Waiver of Jury
Trial. (a) THIS BASIC AGREEMENT, TOGETHER WITH ALL TRUST SUPPLEMENTS AND CERTIFICATES (UNLESS SPECIFIED OTHERWISE IN A TRUST SUPPLEMENT), SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF. The parties hereby irrevocably submit to the jurisdiction of the courts of the State of New York and the federal courts of the United States
of America located in the State of New York, solely in respect of the interpretation and enforcement of the provisions of this Basic Agreement and of the documents referred to in this Basic Agreement, and in respect of the transactions contemplated
hereby, and hereby waive, and agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such action, suit or proceeding may not be
brought or is not maintainable in said courts or that the venue thereof may not be appropriate or that this Basic Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims with
respect to such action or proceeding shall be heard and determine in such courts. The parties hereby consent to and grant any such court jurisdiction over the person of such parties and consent to the jurisdiction of any such court over the subject
matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 12.04 or in such other manner as may be permitted by law shall be valid and sufficient
service thereof. 
 (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
BASIC AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS BASIC AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND

  
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(iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 12.05. 

Section 12.06. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity
or enforceability of the other provisions of this Agreement or the related Trust, or of the Certificates of such series or the rights of the Certificateholders thereof. 

Section 12.07. Trust Indenture Act Controls. This Agreement is subject to the provisions of the Trust Indenture Act and shall, to
the extent applicable, be governed by such provisions. If any provision of this Agreement limits, qualifies or conflicts with another provision which is required to be included in this Agreement by the Trust Indenture Act, the required provision
shall control. 
 Section 12.08. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table
of Contents are for convenience only and shall not affect the construction hereof. 
 Section 12.09. Successors and Assigns. All
covenants, agreements, representations and warranties in this Agreement by the Trustee and the Company shall bind and, to the extent permitted hereby, shall inure to the benefit of and be enforceable by their respective successors and assigns,
whether so expressed or not. Any request, notice, direction, consent, waiver or other instrument or action by any Certificateholder shall bind the successors and assigns of such Certificateholder. 

Section 12.10. Benefits of Agreement. Nothing in this Agreement or in the Certificates of any series, express or implied, shall
give to any Person, other than the parties to this Agreement and their successors under this Agreement, and the Certificateholders of each series, any benefit or any legal or equitable right, remedy or claim under this Agreement, except as provided
expressly herein. 
 Section 12.11. Legal Holidays. In any case where any Regular Distribution Date or Special Distribution Date
relating to any Certificate of any series shall not be a Business Day with respect to such series, then (notwithstanding any other provision of this Agreement) payment need not be made on such date, but may be made on the next succeeding Business
Day with the same force and effect as if made on such Regular Distribution Date or Special Distribution Date, and no interest shall accrue during the intervening period. 

Section 12.12. Counterparts. For the purpose of facilitating the execution of this Agreement and for other purposes, this
Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and all of which counterparts shall constitute but one and the same instrument. 

Section 12.13. Communication by Certificateholders with Other Certificateholders. Certificateholders of any
series may communicate with other 

  
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Certificateholders of such series with respect to their rights under this Basic Agreement, the related Trust Supplement or the Certificates of such series pursuant to Section 312(b) of
the Trust Indenture Act. The Company, the Trustee and any and all other persons benefited by this Agreement shall have the protection afforded by Section 312(c) of the Trust Indenture Act. 

Section 12.14. Intention of Parties. The parties to this Agreement intend that each Trust be classified for U.S. federal income
tax purposes as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of 1986, as amended, and not as a trust or association taxable as a corporation or as a partnership. The powers granted and obligations
undertaken pursuant to this Agreement shall be construed so as to further such intent. 
 Section 12.15. No Recourse Against
Others. No past, present or future director, officer, employee, agent, member, manager, trustee or stockholder, as such, of the Company, the Parent or any successor Person or any Affiliate of any thereof shall have any liability for any
obligations of the Company, the Parent or any successor Person or any Affiliate of any thereof, either directly or through the Company, the Parent or any successor Person or any Affiliate of any thereof, under the Certificates, this Agreement or any
Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation, whether by virtue of any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable
proceeding or otherwise. By accepting a Certificate, each Certificateholder agrees to the provisions of this Section 12.15 and waives and releases all such liability. Such waiver and release shall be part of the consideration for the issue of
the Certificates. 

  
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