Document:

REVOLVING CREDIT
		AGREEMENT
	 

	 
		Dated as of
		[__________], 2006
	 

	 
		among
	 

	 
		GENESIS FUNDING
		LIMITED
	 

	 
		as Borrower
	 

	 
		PK AIRFINANCE US,
		INC.
	 

	 
		as Liquidity
		Facility Provider
	 

	 
		and
	 

	 
		DEUTSCHE BANK
		TRUST COMPANY AMERICAS
	 

	 
		as Cash
		Manager
	 

	 
		Relating to
	 

	 
		Genesis Funding
		Limited 
	 

	 
		Class G-1
		Notes
	 

	 
		 
	 

	 
		 
	 

	 

	 
	 

	 

	 
		TABLE OF
		CONTENTS
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Page
				

			 
	
				
				  ARTICLE I
				  DEFINITIONS
				

			 	
				
				  1
				

			 
	
				
				  Section
				  1.01.
				

			 	
				
				   
				

			 	
				
				  Definitions
				

			 	
				
				  1
				

			 
	
				
				  ARTICLE II
				  AMOUNT AND TERMS OF THE COMMITMENT
				

			 	
				
				  9
				

			 
	
				
				  Section
				  2.01.
				

			 	
				
				   
				

			 	
				
				  The
				  Advances
				

			 	
				
				  9
				

			 
	
				
				  Section
				  2.02.
				

			 	
				
				   
				

			 	
				
				  Making of
				  Advances
				

			 	
				
				  9
				

			 
	
				
				  Section
				  2.03.
				

			 	
				
				   
				

			 	
				
				  Fees
				

			 	
				
				  12
				

			 
	
				
				  Section
				  2.04.
				

			 	
				
				   
				

			 	
				
				  Termination
				  of the Maximum Commitment
				

			 	
				
				  12
				

			 
	
				
				  Section
				  2.05.
				

			 	
				
				   
				

			 	
				
				  Repayments
				  of Liquidity Facility Advances or the Final Advance
				

			 	
				
				  13
				

			 
	
				
				  Section
				  2.06.
				

			 	
				
				   
				

			 	
				
				  Repayments
				  of Provider Advances
				

			 	
				
				  14
				

			 
	
				
				  Section
				  2.07.
				

			 	
				
				   
				

			 	
				
				  Payments to
				  the Liquidity Facility Provider Under the Trust Indenture
				

			 	
				
				  15
				

			 
	
				
				  Section
				  2.08.
				

			 	
				
				   
				

			 	
				
				  Book
				  Entries
				

			 	
				
				  15
				

			 
	
				
				  Section
				  2.09.
				

			 	
				
				   
				

			 	
				
				  Payments
				  from Available Funds Only
				

			 	
				
				  16
				

			 
	
				
				  Section
				  2.10.
				

			 	
				
				   
				

			 	
				
				  Extension of
				  the Expiry Date; Replacement Liquidity Facility; Non-Extension Advance
				

			 	
				
				  16
				

			 
	
				
				  Section
				  2.11.
				

			 	
				
				   
				

			 	
				
				  Use of
				  Downgrade Advances and Non-Extension Advances
				

			 	
				
				  17
				

			 
	
				
				  ARTICLE III
				  OBLIGATIONS OF THE BORROWER
				

			 	
				
				  17
				

			 
	
				
				  Section
				  3.01.
				

			 	
				
				   
				

			 	
				
				  Increased
				  Costs
				

			 	
				
				  17
				

			 
	
				
				  Section
				  3.02.
				

			 	
				
				   
				

			 	
				
				  [Intentionally omitted]
				

			 	
				
				  18
				

			 
	
				
				  Section
				  3.03.
				

			 	
				
				   
				

			 	
				
				  Withholding
				  Taxes
				

			 	
				
				  18
				

			 
	
				
				  Section
				  3.04.
				

			 	
				
				   
				

			 	
				
				  Payments
				

			 	
				
				  20
				

			 
	
				
				  Section
				  3.05.
				

			 	
				
				   
				

			 	
				
				  Computations
				

			 	
				
				  20
				

			 
	
				
				  Section
				  3.06.
				

			 	
				
				   
				

			 	
				
				  Payment on
				  Non-Business Days
				

			 	
				
				  21
				

			 
	
				
				  Section
				  3.07.
				

			 	
				
				   
				

			 	
				
				  Interest
				

			 	
				
				  21
				

			 
	
				
				  Section
				  3.08.
				

			 	
				
				   
				

			 	
				
				  [Intentionally omitted]
				

			 	
				
				  22
				

			 
	
				
				  Section
				  3.09.
				

			 	
				
				   
				

			 	
				
				  Funding Loss
				  Indemnification
				

			 	
				
				  22
				

			 
	
				
				  Section
				  3.10.
				

			 	
				
				   
				

			 	
				
				  Illegality
				

			 	
				
				  23
				

			 
	
				
				  ARTICLE IV
				  CONDITIONS PRECEDENT
				

			 	
				
				  23
				

			 
	
				
				  Section
				  4.01.
				

			 	
				
				   
				

			 	
				
				  Conditions
				  Precedent to Effectiveness of Section 2.01
				

			 	
				
				  23
				

			 
	
				
				  Section
				  4.02.
				

			 	
				
				   
				

			 	
				
				  Conditions
				  Precedent to Borrowing
				

			 	
				
				  24
				

			 
	
				
				  ARTICLE V
				  COVENANTS
				

			 	
				
				  25
				

			 
	
				
				  Section
				  5.01.
				

			 	
				
				   
				

			 	
				
				  Affirmative
				  Covenants of the Borrower
				

			 	
				
				  25
				

			 
	
				
				  Section
				  5.02.
				

			 	
				
				   
				

			 	
				
				  [Reserved]
				

			 	
				
				  25
				

			 
	
				
				  Section
				  5.03.
				

			 	
				
				   
				

			 	
				
				  Covenants
				  Regarding Notices
				

			 	
				
				  25
				

			 
	
				
				  ARTICLE VI
				  LIQUIDITY FACILITY EVENTS OF DEFAULT
				

			 	
				
				  26
				

			 
	
				
				  Section
				  6.01.
				

			 	
				
				   
				

			 	
				
				  Liquidity
				  Facility Events of Default
				

			 	
				
				  26
				

			 

 

	 
		 
	 

	 
		i
	 

	 
		 
	 

	 

	 
	 

	 

	 	
			 
				ARTICLE VII
				MISCELLANEOUS
			 

		  	
			 
				26
			 

		  
	
			 
				Section
				7.01.
			 

		  	
			 
				 
			 

		  	
			 
				No Oral
				Modifications or Continuing Waivers
			 

		  	
			 
				26
			 

		  
	
			 
				Section
				7.02.
			 

		  	
			 
				 
			 

		  	
			 
				Notices

			 

		  	
			 
				26
			 

		  
	
			 
				Section
				7.03.
			 

		  	
			 
				 
			 

		  	
			 
				No Waiver;
				Remedies
			 

		  	
			 
				27
			 

		  
	
			 
				Section
				7.04.
			 

		  	
			 
				 
			 

		  	
			 
				Further
				Assurances
			 

		  	
			 
				27
			 

		  
	
			 
				Section
				7.05.
			 

		  	
			 
				 
			 

		  	
			 
				Indemnification; Survival of
				Certain Provisions
			 

		  	
			 
				27
			 

		  
	
			 
				Section
				7.06.
			 

		  	
			 
				 
			 

		  	
			 
				Liability of
				the Liquidity Facility Provider
			 

		  	
			 
				28
			 

		  
	
			 
				Section
				7.07.
			 

		  	
			 
				 
			 

		  	
			 
				Certain Costs
				and Disbursements
			 

		  	
			 
				28
			 

		  
	
			 
				Section
				7.08.
			 

		  	
			 
				 
			 

		  	
			 
				Binding
				Effect; Participations; Assignments
			 

		  	
			 
				29
			 

		  
	
			 
				Section
				7.09.
			 

		  	
			 
				 
			 

		  	
			 
				Severability
			 

		  	
			 
				30
			 

		  
	
			 
				Section
				7.10.
			 

		  	
			 
				 
			 

		  	
			 
				Governing
				Law
			 

		  	
			 
				30
			 

		  
	
			 
				Section
				7.11.
			 

		  	
			 
				 
			 

		  	
			 
				Submission to
				Jurisdiction; Waiver of Jury Trial
			 

		  	
			 
				30
			 

		  
	
			 
				Section
				7.12.
			 

		  	
			 
				 
			 

		  	
			 
				Counterparts
			 

		  	
			 
				31
			 

		  
	
			 
				Section
				7.13.
			 

		  	
			 
				 
			 

		  	
			 
				Entirety
			 

		  	
			 
				31
			 

		  
	
			 
				Section
				7.14.
			 

		  	
			 
				 
			 

		  	
			 
				Headings
			 

		  	
			 
				31
			 

		  
	
			 
				Section
				7.15.
			 

		  	
			 
				 
			 

		  	
			 
				Third Party
				Beneficiary
			 

		  	
			 
				31
			 

		  
	
			 
				Section
				7.16.
			 

		  	
			 
				 
			 

		  	
			 
				Cash
				Manager
			 

		  	
			 
				32
			 

		  
	
			 
				Section
				7.17.
			 

		  	
			 
				 
			 

		  	
			 
				Compliance
				with Applicable Anti-Terrorism and Money-Laundering Regulations
			 

		  	
			 
				32
			 

		  
	
			 
				Section
				7.18.
			 

		  	
			 
				 
			 

		  	
			 
				Liquidity
				Facility Provider’s Obligation to Make Advances
			 

		  	
			 
				32
			 

		  

	 
		 
	 

	 
			
				
				  Annex
				  I
				

			 	
				
				  -
				

			 	
				
				  Facility
				  Advance Notice of Borrowing
				

			 
	
				
				  Annex
				  II
				

			 	
				
				  -
				

			 	
				
				  Budgeted
				  Cash Shortfall Advance Notice of Borrowing
				

			 
	
				
				  Annex
				  III
				

			 	
				
				  -
				

			 	
				
				  Non-Extension Advance Notice of
				  Borrowing
				

			 
	
				
				  Annex
				  IV
				

			 	
				
				  -
				

			 	
				
				  Downgrade
				  Advance Notice of Borrowing
				

			 
	
				
				  Annex
				  V
				

			 	
				
				  -
				

			 	
				
				  Final
				  Advance Notice of Borrowing
				

			 
	
				
				  Annex
				  VI
				

			 	
				
				  -
				

			 	
				
				  Notice of
				  Termination
				

			 

 

	 
		 
	 

	 
		ii
	 

	 
		 
	 

	 

	 
	 

	 

	 
		REVOLVING CREDIT
		AGREEMENT 
	 

	 
		This REVOLVING
		CREDIT AGREEMENT dated as of [__________], 2006, is made by and among GENESIS
		FUNDING LIMITED, a Bermuda exempted company (the “Borrower”), PK AIRFINANCE US, INC.,
		a Delaware corporation (the “Liquidity Facility
		Provider”), and DEUTSCHE BANK TRUST
		COMPANY AMERICAS, in its capacity as Cash Manager (the “Cash Manager”).
	 

	 
		W I T N E S S E T
		H:
	 

	 
		WHEREAS, pursuant to
		the Trust Indenture (such term and other capitalized terms used herein without
		definition being defined as provided in Article I), the Borrower is issuing the
		Class G-1 Notes; and
	 

	 
		WHEREAS, the
		Borrower, in order to support the timely payment of a portion of the interest
		on the Class G-1 Notes in accordance with their terms, certain senior hedge
		payments and certain other accrued expenses (as specified herein and in the
		Trust Indenture), has requested the Liquidity Facility Provider to enter into
		this Agreement, providing in part for the Cash Manager on behalf of the
		Borrower to request in specified circumstances that Advances be made
		hereunder;
	 

	 
		WHEREAS, General
		Electric Capital Corporation, a Delaware corporation and an affiliate of the
		Liquidity Facility Provider (the “Liquidity
		Guarantor”) has entered into a
		guaranty, providing for the full and unconditional guaranty of the initial
		Liquidity Facility Provider’s obligations under this Agreement (the
		“Liquidity
		Guaranty”).
	 

	 
		NOW, THEREFORE, in
		consideration of the mutual agreements herein contained, and of other good and
		valuable consideration the receipt and adequacy of which are hereby
		acknowledged, the parties hereto agree as follows:
	 

	 
		ARTICLE
		I
	 

	 
		DEFINITIONS
	 

	 
		Section
		1.01. Definitions.
	 

	 
		(a) The definitions
		stated herein apply equally to both the singular and the plural forms of the
		terms defined.
	 

	 
		(b) All references
		in this Agreement to designated “Articles”, “Sections”,
		“Annexes” and other subdivisions are to the designated Article,
		Section, Annex or other subdivision of this Agreement, unless otherwise
		specifically stated.
	 

	 
		(c) The words
		“herein”, “hereof” and “hereunder” and other
		words of similar import refer to this Agreement as a whole and not to any
		particular Article, Section, Annex or other subdivision.
	 

	 
		 
	 

	 
		 
	 

	 

	 
	 

	 
	 
		(d) 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”.
	 

	 
		(e) For the purposes
		of this Agreement, unless the context otherwise requires, the following
		capitalized terms shall have the following meanings:
	 

	 
		“Advance”
		means a Facility Advance, a Budgeted Cash Shortfall Advance, a Downgrade
		Advance, a Non-Extension Advance or a Final Advance, as the case may be.

	 

	 
		“Agreement” means this
		Agreement, as the same may be amended, supplemented or otherwise modified from
		time to time in accordance with its terms.
	 

	 
		“Applicable
		Liquidity Facility Rate” has the meaning specified in Section
		3.07(g).
	 

	 
		“Applicable
		Margin” means [1.20]% per annum.
	 

	 
		“Applied
		Downgrade Advance” has the meaning specified in Section 2.06(a).
	 

	 
		“Applied
		Non-Extension Advance” has the meaning specified in Section
		2.06(a).
	 

	 
		“Applied
		Provider Advance” means an Applied Downgrade Advance or an Applied
		Non-Extension Advance.
	 

	 
		“Available
		Amount” means, subject to the proviso contained in the last sentence of
		Section 2.02(a)(i), at any time of determination, (a) the Maximum Facility
		Commitment at such time less (b) the aggregate amount of
		each Facility Advance outstanding at such time; provided that following a
		Downgrade Advance, Final Advance or Non-Extension Advance, the Available Amount
		shall be zero.
	 

	 
		“Available
		Budgeted Cash Amount” means, subject to the proviso contained in the last
		sentence of Section 2.02(a)(ii), at any time of determination, (a) an amount
		equal to the Maximum Budgeted Cash Commitment less (b) the aggregate amount of
		each Budgeted Cash Shortfall Advance outstanding at such time; provided that
		(i) upon the occurrence of the Budgeted Cash Termination Date or (ii) following
		a Downgrade Advance, Final Advance or a Non-Extension Advance, the Available
		Budgeted Cash Amount shall be zero.
	 

	 
		“Borrower”
		has the meaning specified in the preamble hereof.
	 

	 
		“Borrowing” means the
		making of Advances requested by delivery of a Notice of Borrowing.
	 

	 
		“Budgeted Cash
		Shortfall Advance” means an Advance made pursuant to Section
		2.02(a)(ii).
	 

	 
		“Budgeted Cash
		Termination Date” means [__________], 2009.
	 

	 
		 
	 

	 
		2
	 

	 
		 
	 

	 

	 
	 

	 
	 
		“Covered
		Taxes” means any Taxes imposed by any country or any political subdivision
		or taxing authority thereof or therein required by law to be deducted or
		withheld from any amounts payable to the Liquidity Facility Provider under this
		Agreement other than (i) any Tax imposed by [__________] and, if different, the
		jurisdiction in which the Lending Office of the Liquidity Facility Provider is
		located or any political subdivision or taxing authority of or in the
		[__________] or any such other jurisdiction or therein that is based on, or
		measured by net or gross income, capital or net-worth, or that is a franchise,
		doing business or similar Tax, (ii) any Tax imposed, levied, withheld or
		assessed as a result of any connection between the Liquidity Facility Provider
		and the jurisdiction of the taxing authority imposing such Tax, other than a
		connection arising solely from the Liquidity Facility Provider’s having
		executed, delivered, performed its obligations or received a payment under, or
		enforced, any Related Document, (iii) any Tax attributable to the inaccuracy in
		or breach by the Liquidity Facility Provider of any of its representations,
		warranties or covenants contained in any Related Document to which it is a
		party or the inaccuracy of any form or document furnished pursuant thereto, or
		(iv) any Tax arising as a result of a change in the Lending Office without the
		prior written consent of the Borrower (such consent not to be unreasonably
		withheld).
	 

	 
		“Disbursements” means
		liabilities, losses, damages, costs and expenses (including, without
		limitation, reasonable fees and disbursements of legal counsel), provided that
		Disbursements shall not include any Taxes other than sales, use and V.A.T.
		taxes imposed on fees and expenses payable pursuant to Section 7.07.
	 

	 
		“Dollars”
		means the lawful currency of the United States.
	 

	 
		“Downgrade
		Advance” means an Advance made pursuant to Section 2.02(c).
	 

	 
		“Downgrade
		Event” means: 
	 

	 
		(A) in the case of
		the initial Liquidity Facility Provider, (i) a downgrading of the Liquidity
		Guarantor’s short-term or long-term (as the case may be) issuer credit
		rating or short-term or long-term (as the case may be) unsecured debt rating,
		issued by either Rating Agency below the applicable Threshold Rating or (ii)
		the Liquidity Guaranty (so long as the initial Liquidity Facility Provider has
		not been replaced pursuant to an assignment or Replacement Liquidity Facility
		permitted hereunder) ceasing to be in full force and effect or becoming invalid
		or unenforceable or the Liquidity Guarantor denying its liability thereunder,
		unless, in the case of either clause (i) or (ii), a Rating Agency Confirmation
		and the prior written consent of the Policy Provider shall have been obtained
		to the effect that such event or condition shall not constitute a Downgrade
		Event, or 
	 

	 
		(B) in the case of
		any assignee or successor Liquidity Facility Provider (including any provider
		of a Replacement Liquidity Facility), a downgrading of such provider’s
		short-term or long-term (as the case may be) issuer credit rating or short-term
		or long-term (as the case may be) unsecured debt rating, issued by either
		Rating Agency below the applicable Threshold Rating, or, if such provider
		qualifies as an Eligible Provider based upon its obligations under the Initial
		Liquidity Facility being guaranteed by an Affiliate who meets the applicable
		Threshold Rating requirements, then a Downgrade Event with respect to such
		provider shall mean (i) a downgrading of such Affiliate’s short-term or
		long-term (as the case may be) issuer credit rating
	 

	 
		 
	 

	 
		3
	 

	 
		 
	 

	 

	 
	 

	 
	 
		 or short-term or
		long-term (as the case may be) unsecured debt rating, issued by either Rating
		Agency below the applicable Threshold Rating, or (ii) such Affiliate’s
		guarantee (so long as such successor Liquidity Facility Provider has not been
		replaced pursuant to an assignment or Replacement Liquidity Facility permitted
		hereunder) ceasing to be in full force and effect or becoming invalid or
		unenforceable or such Affiliate denying its liability thereunder, unless, in
		the case of either clause (i) or (ii), a Rating Agency Confirmation and the
		prior written consent of the Policy Provider shall have been obtained to the
		effect that such event or condition shall not constitute a Downgrade
		Event.
	 

	 
		“Downgraded
		Facility” means the facility provided for in this Agreement so long as a
		Downgrade Event shall have occurred and be continuing.
	 

	 
		“Effective
		Date” has the meaning specified in Section 4.01. The delivery of the
		certificate of the Liquidity Facility Provider contemplated by Section 4.01(e)
		shall be conclusive evidence that the Effective Date has occurred.
	 

	 
		“Expiry
		Date” means [__________], 2007, initially, or any date to which the Expiry
		Date is extended pursuant to Section 2.10.
	 

	 
		“Extension
		Request” means a written request, from a Responsible Officer of the Cash
		Manager on behalf of the Borrower, to the Liquidity Facility Provider
		requesting that the Liquidity Facility Provider extend the Expiry Date.
	 

	 
		“Facility
		Advance” means an Advance made pursuant to Section 2.02(a)(i).
	 

	 
		“Fee
		Letter” means the fee letter dated as of the date hereof among the
		Liquidity Facility Provider and the Borrower with respect to the Liquidity
		Facility.
	 

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

	 
		“Final
		Repayment Date” means the date that is 15 days after the Final Maturity
		Date of the Class G-1 Notes.
	 

	 
		“Increased
		Cost” has the meaning specified in Section 3.01.
	 

	 
		“Interest
		Period” means, with respect to any LIBOR Advance, each of the following
		periods:
	 

	 
		(i) the period
		beginning on the third London Banking Day following either (A) the Liquidity
		Facility Provider’s receipt of the Notice of Borrowing for such LIBOR
		Advance or (B) the date of the withdrawal of funds from the Liquidity Facility
		Collateral Account for the purpose of paying part or all of any Shortfall as
		contemplated by Section 2.06(a) hereof and, in each case, ending on the next
		Payment Date (or if such Payment Date is not a London Banking Day, the next
		succeeding London Banking Day); and
	 

	 
		(ii) each subsequent
		period commencing on the last day of the immediately preceding Interest Period
		and ending on the next Payment Date (or if such Payment Date is not a London
		Banking Day, the next succeeding London Banking Day);
	 

	 
		 
	 

	 
		4
	 

	 
		 
	 

	 

	 
	 

	 
	 
		provided, however,
		that if (x) the Final Advance shall have been made pursuant to
		Section 2.02(d), (y) other outstanding Advances shall have been converted
		into the Final Advance pursuant to Section 6.01 or (z) any Budgeted Cash
		Shortfall Advances shall remain outstanding after the Budgeted Cash Termination
		Date, then the Interest Periods for such Advances shall be successive periods
		of one month beginning on the third London Banking Day following the Liquidity
		Facility Provider’s receipt of the Notice of Borrowing for such Final
		Advance (in the case of clause (x) above), the Payment Date following such
		conversion (in the case of clause (y) above) or the Budgeted Cash Termination
		Date (in the case of clause (z) above), each such one month period to be
		subject to the “following business day” methodology set forth in
		clause (ii) above.
	 

	 
		“Lending
		Office” means the lending office of the Liquidity Facility Provider
		presently located at [__________] or such other lending office as the Liquidity
		Facility Provider from time to time shall notify the Cash Manager as its
		lending office hereunder; provided that unless the Liquidity Facility Provider
		changes the lending office subsequent to any Tax being imposed by [__________]
		or any political subdivision or taxing authority thereof or therein, the
		Liquidity Facility Provider shall not change its Lending Office without the
		prior written consent of the Borrower (such consent not to be unreasonably
		withheld).
	 

	 
		“LIBOR
		Advance” means an Advance bearing interest at a rate based upon the LIBOR
		Rate.
	 

	 
		“LIBOR
		Rate” means, with respect to any Interest Period, (a) the interest rate
		per annum equal to the rate per annum at which deposits in Dollars are offered
		in the London interbank market as shown on Page 3750 of the Telerate Systems
		Incorporated screen service (or such other page as may replace Telerate Page
		3750), or if such service is not available, Page LIBO of the Reuters Money
		Service Monitor System (or such other page as may replace Reuters Page LIBO) at
		approximately 11:00 a.m. (London time) on the day that is two London Banking
		Days prior to the first day of such Interest Period, for a period comparable to
		such Interest Period, or (b) if no such rate is published on either such
		service or if neither of such services is then available, the interest rate per
		annum equal to the average (rounded up, if necessary, to the nearest 1/100th of
		1%) of the rates at which deposits in Dollars are offered by the Reference
		Banks (or, if fewer than all of the Reference Banks are quoting a rate for
		deposits in Dollars for the applicable period and amount, such fewer number of
		Reference Banks) at approximately 11:00 a.m. (London time) on the day that is
		two London Banking Days prior to the first day of such Interest Period to prime
		banks in the London interbank market for a period comparable to such Interest
		Period and in an amount approximately equal to the principal amount of the
		LIBOR Advance to be outstanding during such Interest Period, or (c) if none of
		the Reference Banks is quoting a rate for deposits in Dollars in the London
		interbank market for such a period and amount, the interest rate per annum
		equal to the average (rounded up, if necessary, to the nearest 1/100th of 1%)
		of the rates at which deposits in Dollars are offered by the principal New York
		offices of the Reference Banks (or, if fewer than all of the Reference Banks
		are quoting a rate for deposits in Dollars in the New York interbank market for
		the applicable period and amount, such fewer number of Reference Banks) at
		approximately 11:00 a.m. (New York time) on the day that is two London Banking
		Days prior to the first day of such Interest Period to prime banks in the New
		York interbank market for a period comparable to such Interest Period and in an
		amount approximately equal to the principal amount of the LIBOR Advance to be
		outstanding during
	 

	 
		 
	 

	 
		5
	 

	 
		 
	 

	 

	 
	 

	 
	 
		such Interest
		Period, or (d) if none of the principal New York offices of the Reference Banks
		is quoting a rate for deposits in Dollars in the New York interbank market for
		the applicable period and amount, rate quoted by the Liquidity Facility
		Provider.
	 

	 
		“Liquidity
		Facility” means the financial accommodation made available by the
		Liquidity Facility Provider to the Borrower pursuant to the terms of this
		Agreement.
	 

	 
		“Liquidity
		Facility Advance” means a Facility Advance or a Budgeted Cash Shortfall
		Advance. 
	 

	 
		“Liquidity
		Facility Collateral Account” means (a) the Initial Liquidity Payment
		Account when the term is used in connection with a Facility Advance, and (b)
		the Liquidity Facility Reserve Account and the Budgeted Cash Reserve Account,
		as applicable, when the term is used in connection with a Downgrade Advance,
		Non-Extension Advance or a Final Advance.
	 

	 
		“Liquidity
		Facility Event of Default” means the serving of a Default Notice to the
		Borrower following the occurrence of an Event of Default under the Trust
		Indenture.
	 

	 
		“Liquidity
		Facility Indemnitee” means (i) the Liquidity Facility Provider, (ii) the
		Liquidity Guarantor, (iii) the directors, officers, employees and agents
		of the Liquidity Provider and Liquidity Guarantor, and (iv) the successors
		and permitted assigns of the persons described in clauses (i) through (iii),
		inclusive.
	 

	 
		“Liquidity
		Facility Interest Rate” means a fluctuating interest rate per annum in
		effect from time to time, which rate per annum shall at all times (except
		pursuant to Section 3.07(e)) be equal to the LIBOR Rate plus the Applicable
		Margin. 
	 

	 
		“Liquidity
		Facility Non-Use Fee” means a fee (payable on each Payment Date) by the
		Borrower to the Liquidity Facility Provider amounting to [0.60]% per annum on
		the daily sum of the Available Amount and the Available Budgeted Cash Amount,
		and after the Liquidity Facility Provider makes a Provider Advance, on the
		Unapplied Provider Advance.
	 

	 
		“Liquidity
		Facility Provider” has the meaning specified in the introductory paragraph
		to this Agreement.
	 

	 
		“Liquidity
		Guaranty” has the meaning assigned to such term in the preliminary
		statements of this Agreement.
	 

	 
		“Liquidity
		Guarantor” has the meaning assigned to such term in the preliminary
		statements of this Agreement.
	 

	 
		“London Banking
		Day” means any day on which commercial banks are open for general business
		in London, England.
	 

	 
		“Maximum
		Budgeted Cash Commitment” means $15,000,000.
	 

	 
		“Maximum
		Commitment” means the sum of the Maximum Facility Commitment and the
		Maximum Budgeted Cash Commitment.
	 

	 
		 
	 

	 
		6
	 

	 
		 
	 

	 

	 
	 

	 
	 
		“Maximum
		Facility Commitment” means $60,000,000.
	 

	 
		“Non-Extension
		Advance” means an Advance made pursuant to Section 2.02(b).
	 

	 
		“Notice of
		Borrowing” has the meaning specified in Section 2.02(e).
	 

	 
		“Offering
		Memorandum” means the Offering Memorandum dated [__________], 2006
		relating to the Notes, as such Offering Memorandum may be amended or
		supplemented.
	 

	 
		“Participation” has
		the meaning specified in Section 7.08(b).
	 

	 
		Permitted
		Participant” means any Person that is a financial institution that (x) is
		engaged in the active conduct of a banking business in the jurisdiction of its
		organization and (y) is a Qualifying Lender as of the date such Person becomes
		a participant and agrees to notify the Borrower in the event such Person fails
		to be a Qualifying Lender.
	 

	 
		“Provider
		Advance” means a Downgrade Advance or a Non-Extension Advance.
	 

	 
		“Qualifying
		Lender” means a Person (a) that is an entity qualifying as a body
		corporate; (b) that, by virtue of the law of a relevant territory, is resident
		for the purposes of tax in that relevant territory (a relevant territory for
		this purpose means (i) a member state of the European Community (other than
		Ireland) or (ii) a territory which has concluded a double-tax treaty with
		Ireland which has force of law in Ireland and such relevant territory); and (c)
		to which the interest payments under this Agreement are not made in connection
		with a trade or business carried on by such lender through a branch or agency
		in Ireland.
	 

	 
		“Reference
		Banks” means [__________] and such other or additional banking
		institutions as may be designated from time to time by mutual agreement of the
		Borrower and the Liquidity Facility Provider.
	 

	 
		“Regulatory
		Change” means the enactment, adoption or promulgation, after the date of
		this Agreement, of any law or regulation by a United States federal or state
		government or by any government having jurisdiction over the Liquidity Facility
		Provider, or any change, after the date of this Agreement, in any such law or
		regulation, or in the interpretation thereof by any governmental authority,
		central bank or comparable agency of the United States or any government having
		jurisdiction over the Liquidity Facility Provider charged with responsibility
		for the administration or application thereof, that shall impose, modify or
		deem applicable for the compliance by the Liquidity Facility Provider (or its
		head office) with any applicable direction or requirement (whether or not
		having the force of law) of any central bank or competent governmental or other
		authority with respect to: (a) any reserve, special deposit or similar
		requirement against extensions of credit or other assets of, or deposits with
		or other liabilities of, the Liquidity Facility Provider including, or by
		reason of, the Advances or (b) any capital adequacy requirement requiring the
		maintenance by the Liquidity Facility Provider of additional capital in respect
		of any Advances or the Liquidity Facility Provider’s obligation to make
		any such Advances.
	 

	 
		 “Replenishment
		Amount” has the meaning specified in Section 2.06(b).
	 

	 
		 
	 

	 
		7
	 

	 
		 
	 

	 

	 
	 

	 
	 
		“Shortfall” means, any
		of a Liquidity Facility Interest Class G Shortfall, Required Expenses
		Shortfall, Senior Hedge Payments Shortfall or Budgeted Cash Shortfall.
	 

	 
		“Termination
		Date” means the earliest to occur of the following: (i) the Expiry Date;
		(ii) the date on which the Cash Manager (acting at the written direction
		of the Borrower) delivers to the Liquidity Facility Provider a certificate,
		signed by a Responsible Officer of the Cash Manager, certifying that (x) all of
		the Class G-1 Notes have been paid in full (or provision has been made for such
		payment in accordance with the Trust Indenture), (y) the Trust Indenture has
		been terminated with respect to all of the Class G-1 Notes issued thereunder as
		contemplated by Section 11.01(a) of the Trust Indenture or (z) the Class G-1
		Notes are otherwise no longer entitled to the benefits of this Agreement; (iii)
		the date on which the Cash Manager (acting at the written direction of the
		Borrower) delivers to the Liquidity Facility Provider a certificate, signed by
		a Responsible Officer of the Cash Manager, certifying that a Replacement
		Liquidity Facility has been substituted for this Agreement in full pursuant to
		Section 3.14(e) of the Trust Indenture; (iv) at the close of business on
		the fifth Business Day following the receipt by the Cash Manager of a
		Termination Notice from the Liquidity Facility Provider pursuant to Section
		6.01; (v) the date on which no Advance is or may (including by reason of
		reinstatement as herein provided) become available for a Borrowing hereunder;
		and (vi) the Final Repayment Date.
	 

	 
		“Termination
		Notice” means the Notice of Termination substantially in the form of Annex
		VI to this Agreement.
	 

	 
		“Trust
		Indenture” means the Trust Indenture, dated as of the date hereof, among
		the Borrower, the Trustee, the Cash Manager, the Liquidity Facility Provider
		and the Policy Provider, as the same may be amended, supplemented or otherwise
		modified from time to time in accordance with its terms.
	 

	 
		“Unapplied
		Downgrade Advance” means any portion of a Downgrade Advance which is not
		an Applied Downgrade Advance.
	 

	 
		“Unapplied
		Non-Extension Advance” means any portion of a Non-Extension Advance which
		is not an Applied Non-Extension Advance.
	 

	 
		“Unapplied
		Provider Advance” means any Provider Advance other than an Applied
		Provider Advance.
	 

	 
		“United
		States” means the United States of America.
	 

	 
		“Unpaid
		Advance” has the meaning specified in Section 2.05(a).
	 

	 
		“Unpaid
		Budgeted Cash Advance” has the meaning specified in Section
		2.05(b).
	 

	 
		For the purposes of
		this Agreement, the following terms shall have the respective meanings
		specified in the Trust Indenture, as in effect on the date hereof (unless
		amended with the consent of the Liquidity Facility Provider, if
		applicable):
	 

	 
		“Acceleration”,
		“Account”, “Applicable Law”, “Budgeted Cash
		Account”, “Budgeted Cash Reserve Account”, “Budgeted Cash
		Shortfall”, “Business Day”, “Calculation Date”,
		“Cash
	 

	 
		 
	 

	 
		8
	 

	 
		 
	 

	 

	 
	 

	 
	 
		Management
		Agreement”, “Cash Manager”, “Class G-1 Notes”,
		“Closing Date”, “Collections Account”, “Default
		Notice”, “DSCR Failure”, “Event of Default”,
		“Eligible Provider”, “Final Maturity Date”, “Initial
		Closing Date”, “Initial Liquidity Payment Account”,
		“Initial Purchasers”, “Insolvency Proceeding”,
		“Investment Earnings”, “Liquidity Facility Interest Class G
		Shortfall”, “Liquidity Facility Reserve Account”,
		“Non-Extended Facility”, “Notes”, “Note Purchase
		Agreement”, “Operating Bank”, “Payment Date”,
		“Permitted Account Investments”, “Person”,
		“Policy”, “Policy Provider”, “Rating Agency”,
		“Rating Agency Confirmation”, “Redemption Premium”,
		“Related Documents”, “Replacement Liquidity Facility”,
		“Required Expenses Shortfall”, “Responsible Officer”,
		“Securities Act”, “Security Trust Agreement”,
		“Security Trustee”, “Senior Hedge Payments Shortfall”,
		“Taxes”, “Threshold Rating”, “TIA” and
		“Trustee”.
	 

	 
		ARTICLE
		II
	 

	 
		AMOUNT AND TERMS
		OF THE COMMITMENT
	 

	 
		Section 2.01.
		The
		Advances. The Liquidity Facility
		Provider hereby irrevocably agrees, on the terms and conditions hereinafter set
		forth, to make Advances in accordance with Section 3.14 of the Trust Indenture
		from time to time on any Business Day during the period from the Effective Date
		until (a) in the case of Budgeted Cash Shortfall Advances, 12:00 noon (New York
		time) on the earlier of (x) the Budgeted Cash Termination Date and (y) the
		Expiry Date and (b) in the case of all other Advances, 12:00 noon (New York
		time) on the Expiry Date (unless, in either case, the obligations of the
		Liquidity Facility Provider shall be earlier terminated in accordance with the
		terms of Section 2.04) in an aggregate amount at any time outstanding (a) in
		the case of Budgeted Cash Shortfall Advances, not to exceed the Maximum
		Budgeted Cash Commitment, (b) in the case of Facility Advances, not to exceed
		the Maximum Facility Commitment and (c) in the case of all Advances in the
		aggregate, not to exceed the Maximum Commitment.
	 

	 
		Section
		2.02. Making of
		Advances(a)
		Each Liquidity Facility Advance shall be made by the Liquidity Facility
		Provider, in accordance with the provisions of Section 3.14(a) of the Trust
		Indenture, upon delivery to the Liquidity Facility Provider of a written and
		completed Notice of Borrowing in substantially the form of Annex I, in the case
		of a Facility Advance, or Annex II, in the case of a Budgeted Cash Shortfall
		Advance, signed by a Responsible Officer of the Cash Manager, subject to the
		following terms and conditions: 
	 

	 
		(i) The Liquidity
		Facility Provider will make a Facility Advance only if there is (A) a Liquidity
		Facility Interest Class G Shortfall, (B) a Required Expenses Shortfall, or (C)
		a Senior Hedge Payments Shortfall on such Payment Date, in each case after
		giving effect to any withdrawals and transfers and as determined in accordance
		with the applicable provisions of the Indenture. The amount of the Facility
		Advance will be the lesser of such Shortfall and the Available Amount at such
		time. Each Facility Advance shall be deposited in the Liquidity Facility
		Collateral Account. The Liquidity Facility Provider shall not be obligated to
		make Facility Advances after the Termination Date. Each Facility Advance made
		hereunder shall automatically reduce the Available Amount 
	 

	 
		 
	 

	 
		9
	 

	 
		 
	 

	 

	 
	 

	 
	 
		and the amount
		available to be borrowed hereunder by subsequent Advances by the amount of such
		Facility Advance (subject to reinstatement as provided in the next sentence).
		Subject to the provisions of Section 3.14(g) of the Trust Indenture, upon
		repayment to the Liquidity Facility Provider in full or in part of the amount
		of any Facility Advance made pursuant to this Section 2.02(a)(i), together with
		accrued interest thereon (as provided herein), the Available Amount shall be
		reinstated by an amount equal to the amount of such Facility Advance so repaid,
		but not to exceed the Maximum Facility Commitment; provided, however, that the
		Available Amount shall not be so reinstated at any time if (x) a Liquidity
		Facility Event of Default shall have occurred and be continuing or (y) a
		Downgrade Advance, a Non-Extension Advance or a Final Advance shall have
		occurred.
	 

	 
		(ii) The Liquidity
		Facility Provider will make a Budgeted Cash Shortfall Advance only if there is
		a Budgeted Cash Shortfall on such Payment Date after giving effect to any
		withdrawals and transfers and as determined in accordance with the applicable
		provisions of the Indenture. The amount of the Budgeted Cash Shortfall Advance
		will be the lesser of such Shortfall and the Available Budgeted Cash Amount at
		such time. Each Budgeted Cash Shortfall Advance shall be deposited in the
		Budgeted Cash Account. The Liquidity Facility Provider shall not be obligated
		to make Budgeted Cash Shortfall Advances after the earlier of (x) the Budgeted
		Cash Termination Date and (y) the Termination Date. Each Budgeted Cash
		Shortfall Advance made hereunder shall automatically reduce the Available
		Budgeted Cash Shortfall Amount and the amount available to be borrowed
		hereunder by subsequent Advances by the amount of such Budgeted Cash Shortfall
		Advance (subject to reinstatement as provided in the next sentence). Subject to
		the provisions of Section 3.14(g) of the Trust Indenture, upon repayment
		to the Liquidity Facility Provider in full or in part of the amount of any
		Budgeted Cash Shortfall Advance made pursuant to this Section 2.02(a)(ii),
		together with accrued interest thereon (as provided herein), the Available
		Budgeted Cash Amount shall be reinstated by an amount equal to the amount of
		such Budgeted Cash Shortfall Advance so repaid, but not to exceed the Maximum
		Budgeted Cash Commitment; provided, however, that the Available Budgeted Cash
		Amount shall not be so reinstated at any time (x) if a Liquidity Facility Event
		of Default shall have occurred and be continuing, (y) if a Downgrade Advance, a
		Non-Extension Advance or a Final Advance shall have occurred or (z) on or
		after the Budgeted Cash Termination Date.
	 

	 
		(b) Subject to
		Section 2.10, a Non-Extension Advance shall be made by the Liquidity Facility
		Provider if the Liquidity Facility Provider does not accept the Extension
		Request as provided under Section 2.10 (unless a Replacement Liquidity Facility
		to replace this Agreement shall have been delivered to the Cash Manager as
		contemplated, and within the time period specified, by Section 2.10), in
		accordance with the provisions of Section 3.14(d) of the Trust Indenture, upon
		delivery to the Liquidity Facility Provider of a written and completed Notice
		of Borrowing in substantially the form of Annex III, signed by a Responsible
		Officer of the Cash Manager. The amount of the Non-Extension Advance shall be
		equal to the Available Amount (plus, if the delivery of such Notice of
		Borrowing occurs on or prior to the second anniversary of the Initial Closing
		Date, the Available Budgeted Cash Amount) at the time of delivery, and shall be
		used to fund the Liquidity Facility Collateral Account in accordance with
		Sections 3.14(d) and 3.14(f) of the Trust Indenture.
	 

	 
		 
	 

	 
		10
	 

	 
		 
	 

	 

	 
	 

	 
	 
		(c) Upon the
		occurrence of a Downgrade Event (a) the Liquidity Facility Provider must comply
		with the requirement to provide a notice of such occurrence as provided in the
		Trust Indenture and (b) the Cash Manager may request (in writing) that the
		Liquidity Facility be replaced by a Replacement Liquidity Facility. Following
		the occurrence of a Downgrade Event, if the Liquidity Facility is not so
		replaced with a Replacement Liquidity Facility within 10 days after such
		request (or if such 10th day is not a Business Day, on the next
		succeeding Business Day), a Downgrade Advance shall be made by the Liquidity
		Facility Provider, in accordance with the provisions of Section 3.14(c) of the
		Trust Indenture, upon delivery to the Liquidity Facility Provider of a written
		and completed Notice of Borrowing in substantially the form of Annex IV, signed
		by a Responsible Officer of the Cash Manager, in an amount equal to the
		Available Amount (plus, if the delivery of such Notice of Borrowing occurs
		prior to the Budgeted Cash Termination Date, the Available Budgeted Cash
		Amount) at the time of delivery, and shall be used to fund the Liquidity
		Facility Collateral Account in accordance with Sections 3.14(c) and 3.14(f) of
		the Trust Indenture.
	 

	 
		(d) If the
		Termination Date has not occurred, a Final Advance shall be made by the
		Liquidity Facility Provider following the receipt by the Cash Manager of a
		Termination Notice from the Liquidity Facility Provider pursuant to Section
		6.01, in accordance with the provisions of Section 3.14(i) of the Trust
		Indenture, upon delivery to the Liquidity Facility Provider of a written and
		completed Notice of Borrowing in substantially the form of Annex V, signed by a
		Responsible Officer of the Cash Manager, in an amount equal to the Available
		Amount (plus, if the delivery of such Notice of Borrowing occurs prior to the
		Budgeted Cash Termination Date, the Available Budgeted Cash Amount) at the time
		of delivery, and shall be used to fund the Liquidity Facility Collateral
		Account (in accordance with Sections 3.14(i) and 3.14(f) of the Trust
		Indenture).
	 

	 
		(e) Each Borrowing
		shall be made by notice in writing (a “Notice of
		Borrowing”) in substantially the
		form required by Section 2.02(a), 2.02(b), 2.02(c) or 2.02(d), as the case may
		be, given to the Liquidity Facility Provider by the Cash Manager on behalf of
		the Borrower, at least 3 Business Days prior to the day on which the Borrowing
		is to be made available to the Cash Manager. If a Notice of Borrowing is
		delivered by the Cash Manager in respect of any Borrowing no later than 5:00
		p.m. (New York time) on a Business Day, upon satisfaction of the conditions
		precedent set forth in Section 4.02 with respect to a requested Borrowing, the
		Liquidity Facility Provider shall make available to the Cash Manager, in
		accordance with its payment instructions, the amount of such Borrowing in
		Dollars and immediately available funds, before 12:00 noon (New York time) on
		the third Business Day next following the day of receipt of such Notice of
		Borrowing or on such later Business Day specified by the Cash Manager in such
		Notice of Borrowing. If a Notice of Borrowing is delivered by the Cash Manager
		in respect of any Borrowing after 5:00 p.m. (New York time) on a Business Day,
		upon satisfaction of the conditions precedent set forth in Section 4.02 with
		respect to a requested Borrowing, the Liquidity Facility Provider shall make
		available to the Cash Manager, in accordance with its payment instructions, the
		amount of such Borrowing in Dollars and immediately available funds, before
		12:00 noon (New York time) on the fourth Business Day next following the day of
		receipt of such Notice of Borrowing or on such later Business Day specified by
		the Cash Manager in such Notice of Borrowing. Payments of proceeds of a
		Borrowing shall be made by wire transfer of immediately available funds to the
		Cash Manager in accordance with such wire transfer instructions as the Cash
		Manager shall furnish from time to time to the Liquidity Facility
	 

	 
		 
	 

	 
		11
	 

	 
		 
	 

	 

	 
	 

	 
	 
		Provider for such
		purpose. Each Notice of Borrowing shall be irrevocable and binding on the Cash
		Manager. Each Notice of Borrowing shall be effective upon delivery of a copy
		thereof to the Liquidity Facility Provider at the address specified in Section
		7.02 hereof. In the event the Liquidity Facility Provider fails to make
		available to the Cash Manager the amount of any such Borrowing prior to the
		time specified above on the due date specified above, the Cash Manager shall,
		prior to 2:00 p.m. (New York time) on such due date, make a demand on the
		Liquidity Guarantor under the Liquidity Guarantee for payment of the amount of
		such Borrowing, which payment shall be due and payable by 5:00 p.m. (New York
		time) on the next succeeding Business Day.
	 

	 
		(f) Upon the making
		of any Advance in accordance with the Cash Manager’s payment instructions
		requested pursuant to a Notice of Borrowing before 5:00 p.m. (New York time) on
		the third Business Day after the date of receipt of the Notice of Borrowing in
		accordance with Section 2.02(e), the Liquidity Facility Provider shall be fully
		discharged of its obligation hereunder with respect to such Notice of
		Borrowing, and the Liquidity Facility Provider shall not thereafter be
		obligated to make any further Advances available hereunder in respect of such
		Notice of Borrowing to the Cash Manager or to any other Person. Following the
		making of any Advance pursuant to Section 2.02(b), 2.02(c) or 2.02(d) to fund
		the Liquidity Facility Collateral Account, the Liquidity Facility Provider
		shall have no interest in or rights to the Liquidity Facility Collateral
		Account, such Advance or any other amounts from time to time on deposit in the
		Liquidity Facility Collateral Account; provided that the foregoing shall not
		affect or impair the obligations of the Cash Manager to make the distributions
		contemplated by Section 3.14(f) of the Trust Indenture on behalf of the
		Borrower, and provided further, that the foregoing shall not affect or impair
		the rights of the Liquidity Facility Provider to provide written instructions
		with respect to the investment and reinvestment of amounts in the Liquidity
		Facility Reserve Account and the Budgeted Cash Reserve Account to the extent
		provided in Section 3.02 of the Trust Indenture. By paying to the Cash Manager
		proceeds of Advances requested by the Cash Manager in accordance with the
		provisions of this Agreement, the Liquidity Facility Provider makes no
		representation as to, and assumes no responsibility for, the correctness or
		sufficiency for any purpose of the amount of the Advances so made and
		requested.
	 

	 
		Section
		2.03. Fees. The Borrower agrees to pay to
		the Liquidity Facility Provider the fees set forth in the Fee Letter.
	 

	 
		Section 2.04.
		Termination of
		the Maximum Commitment. Upon the making of a
		Downgrade Advance, a Non-Extension Advance or a Final Advance hereunder or the
		occurrence of the Termination Date, the obligation of the Liquidity Facility
		Provider to make further Advances hereunder with respect to the Maximum
		Facility Commitment shall automatically and irrevocably terminate, and the Cash
		Manager (on behalf of the Borrower) shall not be entitled to request any
		further Borrowing hereunder with respect to the Maximum Facility Commitment.
		Upon the making of a Downgrade Advance, a Non-Extension Advance or a Final
		Advance hereunder or the occurrence of the Budgeted Cash Termination Date or
		the Termination Date, the obligation of the Liquidity Facility Provider to make
		further Advances hereunder with respect to the Maximum Budgeted Cash Commitment
		shall automatically and irrevocably terminate, and the Cash Manager (on behalf
		of the Borrower) shall not be entitled to request any further Borrowing
		hereunder with respect to the Maximum Budgeted Cash Commitment.
	 

	 
		 
	 

	 
		12
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Section 2.05.
		Repayments of
		Liquidity Facility Advances or the Final Advance
	 

	 
		(a) Subject to
		Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice
		of an Advance or demand for repayment from the Liquidity Facility Provider
		(which notice and demand are hereby waived by the Borrower), to pay, or to
		cause to be paid, to the Liquidity Facility Provider (i) on each Payment Date,
		an amount equal to the amount of a Facility Advance or the Final Advance (any
		such Facility Advance or the Final Advance, until repaid, is referred to herein
		as an “Unpaid Advance”), plus (ii) interest on
		the amount of each such Unpaid Advance in the amounts and on the dates
		determined as provided in Section 3.07; provided that if (A) the Liquidity
		Facility Provider shall make a Provider Advance at any time after making one or
		more Facility Advances which shall not have been repaid in accordance with this
		Section 2.05 or (B) this Liquidity Facility shall become a Downgraded Facility
		or Non-Extended Facility at any time when unreimbursed Facility Advances have
		reduced the Available Amount to zero, then such Facility Advances shall cease
		to constitute Unpaid Advances and shall be deemed to have been changed into an
		Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may
		be, for all purposes of this Agreement (including, without limitation, for the
		purpose of determining when such Facility Advance is required to be repaid to
		the Liquidity Facility Provider in accordance with Section 2.06 and for the
		purposes of Section 2.06(b)). The Borrower and the Liquidity Facility Provider
		agree that the repayment in full of each Facility Advance and Final Advance on
		the date such Advance is made is intended to be a contemporaneous exchange for
		new value given to the Borrower by the Liquidity Facility Provider. For the
		avoidance of doubt, interest payable on a Facility Advance or the Final Advance
		shall not be regarded as overdue unless such interest is not paid when due
		under Section 3.07.
	 

	 
		(b) Subject to
		Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice
		of an Advance or demand for repayment from the Liquidity Facility Provider
		(which notice and demand are hereby waived by the Borrower), to pay, or to
		cause to be paid, to the Liquidity Facility Provider (i) on each Payment Date,
		an amount equal to the amount of a Budgeted Cash Shortfall Advance (any such
		Budgeted Cash Shortfall Advance, until repaid, is referred to herein as an
		“Unpaid
		Budgeted Cash Advance”), plus (ii) interest on
		the amount of each such Unpaid Budgeted Cash Advance in the amounts and on the
		dates determined as provided in Section 3.07; provided that if (A) the
		Liquidity Facility Provider shall make a Provider Advance at any time after
		making one or more Budgeted Cash Shortfall Advances which shall not have been
		repaid in accordance with this Section 2.05 or (B) this Liquidity Facility
		shall become a Downgraded Facility or Non-Extended Facility at any time when
		unreimbursed Budgeted Cash Shortfall Advances have reduced the Available
		Budgeted Cash Amount to zero, then such Budgeted Cash Shortfall Advances shall
		cease to constitute Unpaid Advances and shall be deemed to have been changed
		into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the
		case may be, for all purposes of this Agreement (including, without limitation,
		for the purpose of determining when such Budgeted Cash Shortfall Advance is
		required to be repaid to the Liquidity Facility Provider in accordance with
		Section 2.06 and for the purposes of Section 2.06(b)). The Borrower and the
		Liquidity Facility Provider agree that the repayment in full of each Budgeted
		Cash Shortfall Advance on the date such Advance is made is intended to be a
		contemporaneous exchange for new value given to the Borrower by the Liquidity
		Facility Provider. For the avoidance of doubt, interest payable on a Budgeted
		Cash Shortfall Advance shall not be regarded as overdue unless such interest is
		not
	 

	 
		 
	 

	 
		13
	 

	 
		 
	 

	 

	 
	 

	 

	 
		paid when due under
		Section 3.07. In the event that the principal amount of any Budgeted Cash
		Shortfall Advance remains outstanding after the Budgeted Cash Termination Date,
		the Borrower agrees to repay such principal first, from and to the extent of
		remaining funds in the Budgeted Cash Account and the Budgeted Cash Reserve
		Account and then on each Payment Date in equal consecutive monthly installments
		of $625,000 each (or such lesser amount as shall equal the outstanding balance
		thereof) (which amounts shall remain payable if not paid) until such principal
		is repaid in full, subject to Sections 2.06, 2.07 and 2.09 hereof. The
		principal amount of any Budgeted Cash Shortfall Advance may also be repaid from
		funds withdrawn from the Budgeted Cash Account in accordance with Section
		3.01(q) of the Indenture. The principal amount of each Budgeted Cash Shortfall
		Advance shall be immediately due and payable in full upon the occurrence of a
		DSCR Failure, the issuance of a Default Notice or the Acceleration of the
		Notes, subject to Sections 2.06, 2.07 and 2.09 hereof.
	 

	 
		Section 2.06.
		Repayments of
		Provider Advances
	 

	 
		(a) Amounts advanced
		hereunder in respect of a Provider Advance shall be deposited in the Liquidity
		Facility Collateral Account and invested and withdrawn from the Liquidity
		Facility Collateral Account as set forth in Sections 3.14(c), 3.14(d), 3.14(f),
		and 3.14(i) of the Trust Indenture. Subject to Sections 2.07 and 2.09, the
		Borrower agrees to pay to the Liquidity Facility Provider, on each Payment
		Date, commencing on the first Payment Date after the making of a Provider
		Advance, interest on the principal amount of any such Provider Advance, in the
		amounts and on the dates determined as provided in Section 3.07; provided,
		however, that amounts in respect of a Provider Advance withdrawn from the
		Liquidity Facility Collateral Account for the purpose of paying part or all of
		a Shortfall in accordance with Section 3.14(f) of the Trust Indenture (the
		amount of any such withdrawal being (y) in the case of a Downgrade Advance, an
		“Applied
		Downgrade Advance” and (z) in the case of a
		Non-Extension Advance, an “Applied Non-Extension
		Advance”)
		shall thereafter (subject to Section 2.06(b)) be treated as a Liquidity
		Facility Advance under this Agreement for purposes of determining the
		Applicable Liquidity Facility Rate for interest payable thereon and the dates
		on which such interest is payable; provided further, however, that if,
		following the making of a Provider Advance, the Liquidity Facility Provider
		delivers a Termination Notice to the Cash Manager pursuant to Section 6.01 or
		an Insolvency Proceeding occurs, such Provider Advance shall thereafter be
		treated as a Final Advance under this Agreement solely for purposes of
		determining the Applicable Liquidity Facility Rate for interest payable thereon
		and the dates on which such interest is payable. Subject to Sections 2.07 and
		2.09, immediately upon the withdrawal of any amounts from the Liquidity
		Facility Reserve Account or the Budgeted Cash Reserve Account on account of
		excess amounts in such account, as determined by and in accordance with Section
		3.14(f)(ii) of the Trust Indenture, the Borrower agrees to repay or cause to be
		repaid to the Liquidity Facility Provider any Provider Advance in a principal
		amount equal to such reduction, plus interest on the principal amount prepaid
		as provided in Section 3.07.
	 

	 
		(b) At any time when
		an Applied Provider Advance (or any portion thereof) is outstanding, upon the
		deposit in the Liquidity Facility Reserve Account or the Budgeted Cash Reserve
		Account of any amount pursuant to Section 3.09(a)(iv) of the Trust Indenture
		(any such amount being a “Replenishment
		Amount”)
		for the purpose of replenishing or increasing the balance thereof up to the
		Maximum Commitment at such time, (i) the aggregate outstanding principal amount
		of all Applied Provider Advances (and of Provider Advances treated as a
	 

	 
		 
	 

	 
		14
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Liquidity Facility
		Advance for purposes of determining the Applicable Liquidity Facility Rate for
		interest payable thereon) shall be automatically reduced by the amount of such
		Replenishment Amount, and (ii) the aggregate outstanding principal amount of
		all Unapplied Provider Advances shall be automatically increased by the amount
		of such Replenishment Amount.
	 

	 
		(c) Upon the
		provision of a Replacement Liquidity Facility in replacement of this Agreement
		in accordance with Section 3.14(e) of the Trust Indenture, as provided in
		Section 3.14(f) of the Trust Indenture, amounts remaining on deposit in the
		Liquidity Facility Reserve Account and the Budgeted Cash Reserve Account after
		giving effect to any Applied Provider Advance on the date of such replacement
		shall be reimbursed to the Liquidity Facility Provider, but only to the extent
		such amounts are necessary to repay in full to the Liquidity Facility Provider
		all amounts owing to it hereunder.
	 

	 
		Section 2.07.
		Payments to the
		Liquidity Facility Provider Under the Trust Indenture. In order to provide for
		payment or repayment to the Liquidity Facility Provider of any amounts
		hereunder, the Trust Indenture provides that amounts available and referred to
		in Article III of the Trust Indenture, to the extent payable to the Liquidity
		Facility Provider pursuant to the terms of the Trust Indenture (including,
		without limitation, Section 3.14(f) of the Trust Indenture), shall be paid to
		the Liquidity Facility Provider in accordance with the terms thereof (but, for
		the avoidance of doubt, without duplication of or increase in any amounts
		payable hereunder). Amounts so paid to the Liquidity Facility Provider shall be
		applied by the Liquidity Facility Provider in the order of priority required by
		the applicable provisions of Article III of the Trust Indenture and shall
		discharge in full the corresponding obligations of the Borrower
		hereunder.
	 

	 
		Section 2.08.
		Book
		Entries. The
		Liquidity Facility Provider shall maintain in accordance with its usual
		practice an account or accounts evidencing the indebtedness of the Borrower
		resulting from Advances made from time to time and the amounts of principal and
		interest payable hereunder and paid from time to time in respect thereof;
		provided, however, that the failure by the Liquidity Facility Provider to
		maintain such account or accounts shall not affect the obligations of the
		Borrower and the Cash Manager in respect of such Advances.
	 

	 
		Section 2.09.
		Payments from
		Available Funds Only. All payments to be made by the
		Borrower to the Liquidity Facility Provider under this Agreement shall be made
		only from the amounts on deposit in Accounts and the other property described
		in the Trust Indenture and the Security Trust Agreement and only to the extent
		that such Accounts and such other property shall have sufficient income or
		proceeds therefrom to enable the Cash Manager to make payments on behalf of the
		Borrower in accordance with the terms hereof after giving effect to the
		priority of payments provisions set forth in the Trust Indenture. The Liquidity
		Facility Provider agrees that it will look solely to such amounts and property
		to the extent available for distribution to it as provided in the Trust
		Indenture and this Agreement and that the Borrower and the Cash Manager, in
		their respective individual capacities, are not personally liable to it for any
		amounts payable or liability under this Agreement. Amounts on deposit in the
		Liquidity Facility Reserve Account and the Budgeted Cash Reserve Account shall
		be available to the Cash Manager to make payments under this Agreement only to
		the extent and for the purposes expressly contemplated in Section 3.14(f) of
		the Trust Indenture. Amounts on deposit in the Liquidity Facility Reserve
		Account constituting Provider Advances shall be promptly returned to the

	 

	 
		 
	 

	 
		15
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Liquidity Facility
		Provider following the Termination Date (other than in the circumstances
		described in clauses (i), (iv) or (v) of the definition of Termination Date)
		until all amounts owed to the Liquidity Facility Provider hereunder have been
		paid in full, and the balance remaining in the Liquidity Facility Reserve
		Account shall be deposited by the Cash Manager into the Collections Account.
		Amounts on deposit in the Budgeted Cash Reserve Account constituting Unapplied
		Provider Advances shall be promptly returned to the Liquidity Facility Provider
		following the Budgeted Cash Termination Date until all amounts owed to the
		Liquidity Facility Provider hereunder have been paid in full and the balance
		thereof shall be deposited by the Cash Manager into the Collections Account. In
		the event that the assets of the Issuer and its Subsidiaries are insufficient,
		after payment of all other claims, if any, ranking in priority to the claims of
		the Liquidity Facility Provider hereunder, to pay in full such claims of the
		Liquidity Facility Provider, then the Liquidity Facility Provider shall have no
		further claim against the Issuer and its Subsidiaries in respect of any such
		unpaid amounts.
	 

	 
		Section 2.10.
		Extension of the
		Expiry Date; Replacement Liquidity Facility; Non-Extension
		Advance. No
		earlier than the 60th day and no later than the 30th day prior to the then
		applicable Expiry Date, the Borrower or the Cash Manager shall make an
		Extension Request requesting that the Liquidity Facility Provider extend the
		Expiry Date to the earlier of (i) the date that is 15 days after the Final
		Maturity Date, and (ii) a date that is not more than 364 days from the then
		effective Expiry Date (unless the obligations of the Liquidity Facility
		Provider hereunder have been earlier terminated in accordance herewith). The
		Liquidity Facility Provider must accept or reject the Extension Request on or
		before the 10th day prior to the then applicable Expiry Date. The
		Liquidity Facility Provider is not required to agree to the Extension Request.
		If the Liquidity Facility Provider rejects the Extension Request, then the
		Liquidity Facility Provider may, at its option in accordance with Section
		3.14(e)(i) of the Trust Indenture, arrange for a Replacement Liquidity Facility
		to replace this Agreement during the period no earlier than 35 days and no
		later than 10 days prior to the then applicable Expiry Date. In addition, the
		Liquidity Facility Provider may, at its option in accordance with Sections
		3.14(e)(ii) and 3.14(e)(iii)(A) of the Trust Indenture, arrange for a
		Replacement Liquidity Facility to replace this Agreement at any time
		(regardless of whether a Downgrade Event or the Expiry Date has occurred). If a
		Replacement Liquidity Facility is provided at any time after the making of a
		Downgrade Advance or a Non-Extension Advance under the Liquidity Facility, the
		funds with respect to such Liquidity Facility on deposit in the Liquidity
		Facility Collateral Account (with any accrued interest on such funds computed
		in accordance with Section 3.07) will be returned to the Liquidity Facility
		Provider being replaced. If the Liquidity Facility Provider neither agrees to
		the Extension Request contemplated by the first sentence of this Section 2.10
		nor provides for a Replacement Liquidity Facility (whether or not the Cash
		Manager has in fact made such Extension Request), the Cash Manager (on behalf
		of the Borrower) shall immediately request a Non-Extension Advance in
		accordance with Section 2.02(b) hereof and Section 3.14(d) of the Trust
		Indenture. 
	 

	 
		Section 2.11.
		Use of Downgrade
		Advances and Non-Extension Advances. The proceeds of Non-Extension
		Advances and Downgrade Advances to the extent of the Available Amount will be
		held in the Liquidity Facility Reserve Account as cash collateral to be used
		for the same purposes and under the same circumstances, and subject to the same
		conditions, as cash payments of Facility Advances under the Liquidity Facility
		would be used. The proceeds of Non-Extension Advances and Downgrade Advances to
		the extent of the Available Budgeted
	 

	 
		 
	 

	 
		16
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Cash Amount will be
		held in the Budgeted Cash Reserve Account as cash collateral to be used for the
		same purposes and under the same circumstances, and subject to the same
		conditions, as cash payments of Budgeted Cash Shortfall Advances under the
		Liquidity Facility would be used.
	 

	 
		ARTICLE
		III
	 

	 
		OBLIGATIONS OF
		THE BORROWER
	 

	 
		Section 3.01.
		Increased
		Costs. If as a
		result of any Regulatory Change there shall be any increase by an amount
		reasonably deemed by the Liquidity Facility Provider to be material in the
		actual cost to the Liquidity Facility Provider of making, funding or
		maintaining any Advances or its obligation to make any such Advances or there
		shall be any reduction by an amount reasonably deemed by the Liquidity Facility
		Provider to be material in (x) its return on capital or equity or (y) the
		amount receivable by the Liquidity Facility Provider under this Agreement or
		the Trust Indenture in respect thereof, and in case of either such an increase
		or reduction, such event does not arise from the gross negligence or willful
		misconduct of the Liquidity Facility Provider, from its breach of any of its
		representations, warranties, covenants or agreements contained herein or from
		its failure to comply with any such Regulatory Change (any such increase or
		reduction being referred to herein as an “Increased Cost”), then the Borrower
		agrees, subject to Section 2.09, from time to time to pay to the Liquidity
		Facility Provider an amount equal to such Increased Cost within 10 Business
		Days after delivery to the Borrower and the Cash Manager of a certificate of an
		officer of the Liquidity Facility Provider describing in reasonable detail the
		event by reason of which it claims such Increased Cost and the basis for the
		determination of the amount of such Increased Cost; provided that, the Borrower
		shall be obligated to pay amounts only with respect to any Increased Costs
		accruing from the date 90 days prior to the date of delivery of such
		certificate. Such certificate, in the absence of manifest error, shall be
		considered prima facie evidence of the amount of the Increased Costs for
		purposes of this Agreement; provided that any determinations and allocations by
		the Liquidity Facility Provider of the effect of any Regulatory Change on the
		costs of maintaining the Advances are made on a reasonable basis. The Liquidity
		Facility Provider shall not be entitled to assert any claim under this Section
		3.01 in respect of or attributable to Taxes (the indemnifications for which are
		set out solely in Section 3.03). The Liquidity Facility Provider will notify
		the Borrower as promptly as practicable of any event occurring after the date
		of this Agreement that will entitle the Liquidity Facility Provider to
		compensation under this Section 3.01. The Liquidity Facility Provider
		agrees to investigate all commercially reasonable alternatives for reducing any
		Increased Costs and to use all commercially reasonable efforts to avoid or
		reduce, to the greatest extent possible, any claim in respect of Increased
		Costs, including, without limitation, by designating a different Lending
		Office, if such designation or other action would avoid the need for, or reduce
		the amount of, any such claim; provided that the foregoing shall not obligate
		the Liquidity Facility Provider to take any action that would, in its
		reasonable judgment, cause the Liquidity Facility Provider to take any action
		that is not materially consistent with its internal policies or is otherwise
		materially disadvantageous to the Liquidity Facility Provider or that would
		cause the Liquidity Facility Provider to incur any material loss or cost,
		unless the Borrower agrees to reimburse or indemnify the Liquidity Facility
		Provider therefor. If no such designation or other action is effected, or, if
		effected, fails to avoid the need for any claim in respect of Increased Costs,
		the Borrower may arrange for a Replacement Liquidity Facility in accordance
		with Section 3.14(e) of the Trust Indenture.
	 

	 
		 
	 

	 
		17
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Notwithstanding the
		foregoing provisions, in no event shall the Borrower be required to make
		payments under this Section 3.01: (a) in respect of any Regulatory Change
		proposed by any applicable governmental authority (including any branch of a
		legislature), central bank or comparable agency of the United States or the
		Liquidity Facility Provider’s jurisdiction of organization and pending as
		of the date of this Agreement (it being agreed that the consultative document
		issued by the Basel Committee on Banking Supervision entitled “The New
		Basel Capital Accord,” shall not be considered a Regulatory Change
		proposed or pending as of the date of this Agreement); (b) if a claim hereunder
		in respect of an Increased Cost arises through circumstances peculiar to the
		Liquidity Facility Provider and that do not affect similarly organized
		commercial banking institutions in the same jurisdiction generally that are in
		compliance with the law, rule, regulation or interpretation giving rise to the
		Regulatory Change relating to such Increased Cost; or (c) if the Liquidity
		Facility Provider shall fail to comply with its obligations under this Section
		3.01.
	 

	 
		Section 3.02.
		[Intentionally omitted]
	 

	 
		Section 3.03.
		Withholding
		Taxes. 
	 

	 
		(a) All payments
		made by the Borrower under this Agreement shall be made without deduction or
		withholding for or on account of any Taxes, unless such deduction or
		withholding is required by law. If any Taxes are so required to be withheld or
		deducted from any amounts payable to the Liquidity Facility Provider under this
		Agreement, the Borrower shall deduct and pay to the relevant authorities the
		full amount so required to be deducted or withheld and, if such Taxes are
		Covered Taxes, subject to Section 2.09, pay to the Liquidity Facility Provider
		such additional amounts as shall be necessary to ensure that the net amount
		actually received by the Liquidity Facility Provider (after deduction or
		withholding of all Covered Taxes) shall be equal to the full amount that would
		have been received by the Liquidity Facility Provider had no withholding or
		deduction of Covered Taxes been required; provided, however, the Borrower shall not be
		required to pay any additional amount in respect of any Covered Tax unless such
		Covered Tax is imposed as a result of a change in law after the date hereof, or
		if such tax is imposed as a result of the failure of the Liquidity Facility
		Provider to fulfill its obligations under the succeeding paragraph. The
		Liquidity Facility Provider agrees to use reasonable efforts (consistent with
		applicable legal and regulatory restrictions) to change the jurisdiction of its
		Lending Office if making such change would avoid the need for, or reduce the
		amount of, any such additional amounts that may thereafter accrue and would
		not, in the reasonable judgment of the Liquidity Facility Provider, be
		otherwise materially disadvantageous to the Liquidity Facility Provider. If the
		Liquidity Facility Provider receives a refund of, or realizes a net Tax benefit
		not otherwise available to it as a result of, any Taxes for which additional
		amounts were paid by the Borrower pursuant to this Section 3.03, the Liquidity
		Facility Provider shall pay to the Borrower (for deposit into the Collections
		Account) the amount of such refund (and any interest thereon) or net
		benefit.
	 

	 
		The Liquidity
		Facility Provider will (i) provide (on its behalf and on behalf of any
		participant holding a Participation pursuant to Section 7.08) to the Borrower
		such forms or documentation as may be necessary to establish an available
		exemption from withholding of Tax on payments hereunder (including an exemption
		under an applicable income tax treaty) so that such forms or documentation are
		effective for all periods during which it is the Liquidity Facility
	 

	 
		 
	 

	 
		18
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Provider and (ii)
		provide timely notice to the Borrower if any such form or documentation is or
		becomes inaccurate. The Liquidity Facility Provider shall deliver to the
		Borrower such other forms or documents as may be reasonably requested by the
		Borrower or required by applicable law to establish that payments hereunder are
		exempt from or entitled to a reduced rate of Covered Taxes. The Liquidity
		Facility Provider agrees to take such actions as the Borrower shall reasonably
		request and as are consistent with applicable requirements of law to claim any
		available reductions or exemptions from Covered Taxes and to otherwise
		cooperate with the Borrower to minimize any amounts payable by the Borrower
		under this Section 3.03. The Liquidity Facility Provider further represents
		that it is a Qualifying Lender as of the Effective Date and will be a
		Qualifying Lender on each Payment Date thereafter. In the event the Liquidity
		Facility Provider grants a Participation, it agrees to provide to the Borrower
		a letter of representation from the intended participant providing that the
		participant is at that time and will be on each Payment Date a Qualifying
		Lender and including the name and address and the country of tax residence of
		the intended participant as well as an undertaking by the intended participant
		to notify the Borrower of any relevant changes in this information.
	 

	 
		If the Borrower
		determines in good faith that a reasonable basis exists for contesting a Tax,
		the Liquidity Facility Provider will cooperate with the Borrower in challenging
		such Tax at the Borrower’s expense and if requested by the Borrower in
		writing; provided, however, that the Liquidity Facility Provider will not be
		required to take any action hereunder which, in the reasonable discretion of
		the Liquidity Facility Provider, would cause the Liquidity Facility Provider or
		its applicable Lending Office to suffer a material economic, legal or
		regulatory disadvantage.
	 

	 
		(b) All payments
		(including, without limitation, Advances) made by the Liquidity Facility
		Provider under this Agreement shall be made free and clear of, and without
		reduction for or on account of, any Taxes. If any Taxes are required to be
		withheld or deducted from any amounts payable to the Borrower under this
		Agreement, the Liquidity Facility Provider shall (i) within the time
		prescribed therefor by applicable law pay to the appropriate governmental or
		taxing authority the full amount of any such Taxes (and any additional Taxes in
		respect of the additional amounts payable under clause (ii) hereof) and make
		such reports or returns in connection therewith at the time or times and in the
		manner prescribed by applicable law, and (ii) pay to the Borrower an additional
		amount which (after deduction of all such Taxes) will be sufficient to yield to
		the Borrower the full amount which would have been received by it had no such
		withholding or deduction been made. Within 30 days after the date of each
		payment hereunder, the Liquidity Facility Provider shall furnish to the
		Borrower the original or a certified copy of (or other documentary evidence of)
		the payment of the Taxes applicable to such payment.
	 

	 
		If any exemption
		from, or reduction in the rate of, any Taxes required to be borne by the
		Liquidity Facility Provider under this Section 3.03(b) is reasonably available
		to the Borrower without providing any information regarding the holders or
		beneficial owners of the Class G-1 Notes, the Borrower shall deliver to the
		Liquidity Facility Provider such form or forms and such other evidence of the
		eligibility of the Borrower for such exemption or reductions (but without any
		requirement to provide any information regarding the holders or beneficial
		owners of the Class G-1 Notes) as the Liquidity Facility Provider may
		reasonably identify to the Borrower as being required as a condition to
		exemption from, or reduction in the rate of, such Taxes.
	 

	 
		 
	 

	 
		19
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 Section 3.04.
		Payments The Cash Manager shall make
		available, or shall cause to be made available, each payment to the Liquidity
		Facility Provider under this Agreement no later than 3:00 p.m. (New York time)
		on the day when due. The Cash Manager shall make all such payments in Dollars,
		to the Liquidity Facility Provider in immediately available funds, by wire
		transfer to the following account:
	 

	 
		 
	 

	 
			
				
				  Beneficiary:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Swift Code:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  US
				  Correspondent:
				

			 	
				
				  [__________]
				

			 
	
				
				  Swift Code:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Account
				  Number:
				

			 	
				
				  [__________]
				

			 

 

	 
		Section 3.05.
		Computations. All computations of interest
		based on the LIBOR Rate shall be made on the basis of a year of 360 days, in
		each case for the actual number of days (including the first day but excluding
		the last day) occurring in the period for which such interest is
		payable.
	 

	 
		Section 3.06.
		Payment on
		Non-Business Days. Whenever any payment to be
		made hereunder shall be stated to be due on a day other than a Business Day,
		such payment shall be made on the next succeeding Business Day and no
		additional interest shall be due as a result (and if so made, shall be deemed
		to have been made when due). If any payment in respect of interest on an
		Advance is so deferred to the next succeeding Business Day, such deferral shall
		not delay the commencement of the next Interest Period for such Advance (if
		such Advance is a LIBOR Advance) or reduce the number of days for which
		interest will be payable on such Advance on the next interest payment date for
		such Advance.
	 

	 
		Section 3.07.
		Interest. 
	 

	 
		(a) Subject to
		Sections 2.07 and 2.09, the Borrower agrees to pay, or shall cause to be paid,
		without duplication, interest on (i) the unpaid principal amount of each
		Liquidity Facility Advance or Final Advance from and including the date of such
		Liquidity Facility Advance or Final Advance and, in the case of any Applied
		Provider Advance, from and including the date on which the amount thereof was
		withdrawn from the Liquidity Facility Collateral Account to pay the amounts set
		forth in Section 2.01) to but excluding the date such principal amount shall be
		paid in full (or, in the case of an Applied Provider Advance, the date on which
		the Liquidity Facility Collateral Account is fully replenished in respect of
		such Advance) and (ii) any other amount due hereunder (whether fees,
		commissions, expenses or other amounts or, to the extent permitted by law,
		installments of interest on Advances or any such other amount) that is not paid
		when due (whether at stated maturity, by acceleration or otherwise) from and
		including the due date thereof to but excluding the date such amount is paid in
		full, in each such case, at the interest rate per annum for each day equal to
		the Applicable Liquidity Facility Rate (as defined below) for such Liquidity
		Facility Advance, Final Advance or Applied Provider Advance or such other
		amount, as the case may be, as in effect for such day, but in no event at a
		rate per annum greater than the maximum rate permitted by applicable law,
		provided, however, that, if at any time the otherwise applicable interest rate
		as set forth in this Section 3.07 shall exceed the maximum rate permitted by
		applicable law, then to the maximum extent permitted by applicable law any
		subsequent reduction in such interest rate will not reduce the rate of interest
		payable
	 

	 
		 
	 

	 
		20
	 

	 
		 
	 

	 

	 
	 

	 

	 
		pursuant to this
		Section 3.07 below the maximum rate permitted by applicable law until the total
		amount of interest accrued equals the absolute amount of interest that would
		have accrued (without additional interest thereon) if such otherwise applicable
		interest rate as set forth in this Section 3.07 had at all relevant times been
		in effect.
	 

	 
		(b) Except as
		provided in Sections 3.07(e) and 3.10 and clause (d) of the definition of
		“LIBOR Rate”, each Advance (other than an Unapplied Non-Extension
		Advance or an Unapplied Downgrade Advance) will be a LIBOR Advance.
	 

	 
		(c) Each LIBOR
		Advance shall bear interest during each Interest Period at a rate per annum
		equal to the LIBOR Rate for such Interest Period plus the Applicable Margin for
		such LIBOR Advance, payable in arrears on the last day of such Interest Period
		and, in the event of the payment of principal of such LIBOR Advance on a day
		other than such last day, on the date of such payment (to the extent of
		interest accrued on the amount of principal repaid).
	 

	 
		(d) [Intentionally
		omitted]
	 

	 
		(e) Each Unapplied
		Non-Extension Advance and Unapplied Downgrade Advance will be invested by the
		Cash Manager in Permitted Account Investments. The Liquidity Facility Provider
		shall direct the Cash Manager’s investments in writing in Permitted
		Account Investments. Each Unapplied Non-Extension Advance and Unapplied
		Downgrade Advance will bear interest in an amount equal to the Investment
		Earnings on amounts deposited in the Liquidity Facility Reserve Account or the
		Budgeted Cash Reserve Account, as applicable. The Cash Manager will apply such
		Investment Earnings, calculated as of the applicable Calculation Date, to
		satisfy the Borrower’ interest payment obligations (payable in arrears on
		each Payment Date) to the Liquidity Facility Provider. Each outstanding
		Unapplied Non-Extension Advance and each outstanding Unapplied Downgrade
		Advance will continue to be subject to payment of the Liquidity Facility
		Non-Use Fee as if no Downgrade Advance or Non-Extension Advance is outstanding
		and, from and after the date, if any, on which such Downgrade Advance or
		Non-Extension Advance is converted into a Liquidity Facility Advance or a Final
		Advance (as described in Section 6.01 under “Liquidity Facility Events of
		Default”), will bear interest at a rate equal to the Liquidity Facility
		Interest Rate. On the Termination Date, the Borrower agrees, subject to Section
		2.09, fully to repay any Downgrade Advance or Non-Extension Advance remaining
		outstanding, together with accrued interest to the Liquidity Facility
		Provider.
	 

	 
		(f) Each amount not
		paid when due hereunder (whether fees, commissions, expenses or other amounts
		or, to the extent permitted by applicable law, installments of interest on
		Advances but excluding Advances) shall bear interest at a rate per annum equal
		to the Liquidity Facility Interest Rate for such Interest Period.
	 

	 
		(g) The rates of
		interest specified in this Section 3.07 with respect to any Advance or other
		amount shall be referred to as the “Applicable Liquidity Facility
		Rate”.
	 

	 
		Section 3.08.
		[Intentionally
		omitted]
	 

	 
		Section 3.09.
		Funding Loss
		Indemnification. Subject to Section 2.09, the
		Borrower agrees to pay (or cause to be paid) to the Liquidity Facility
		Provider, upon the request of the
	 

	 
		 
	 

	 
		21
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Liquidity Facility
		Provider, such amount or amounts as shall be sufficient (in the reasonable
		opinion of the Liquidity Facility Provider) to compensate it for any loss, cost
		or expense incurred by reason of the liquidation or redeployment of deposits or
		other funds acquired by the Liquidity Facility Provider to fund or maintain any
		LIBOR Advance (but excluding loss of the Applicable Margin or anticipated
		profits) incurred as a result of:
	 

	 
		(1) Any repayment of
		a LIBOR Advance on a date other than the last day of the Interest Period for
		such Advance; or
	 

	 
		(2) Any failure by
		the Borrower to borrow a LIBOR Advance on the date for borrowing specified in
		the relevant notice delivered by the Cash Manager under Section 2.02.
	 

	 
		Section 3.10.
		Illegality. Notwithstanding any other
		provision in this Agreement, if any change in any law, rule or regulation
		applicable to or binding on the Liquidity Facility Provider, or any change in
		the interpretation or administration thereof by any governmental authority,
		central bank or comparable agency charged with the interpretation or
		administration thereof, or compliance by the Liquidity Facility Provider with
		any request or directive (whether or not having the force of law) of any such
		authority, central bank or comparable agency shall make it unlawful or
		impossible for the Liquidity Facility Provider to maintain or fund its LIBOR
		Advances, then the Liquidity Facility Provider, after using all reasonable
		endeavors to make alternative arrangements satisfactory to the Borrower to meet
		its obligations as contemplated hereby, may give notice to the Borrower and the
		Cash Manager specifying: (a) the relevant change; (b) its effect upon the
		Liquidity Facility Provider; and (c) if the illegality or prohibition may be
		avoided by repayment of only part of the LIBOR Advance, then the amount of the
		LIBOR Advance required to be repaid for that purpose shall (subject to Section
		2.09) be repaid without penalty, or if the illegality or prohibition cannot be
		avoided as aforesaid, declaring that the Liquidity Facility Provider’s
		obligations to permit further Advances under this Agreement up to the Available
		Amount (plus, if such date of determination occurs prior to the Budgeted Cash
		Termination Date, the Available Budgeted Cash Amount) shall be terminated
		forthwith provided that all sums already advanced to the Borrower shall
		continue to be repayable on the terms and in the manner provided in this
		Agreement. The Liquidity Facility Provider agrees to investigate all
		commercially reasonable alternatives for avoiding the need for such actions,
		including, without limitation, designating a different Lending Office;
		provided, that the foregoing shall not obligate the Liquidity Facility Provider
		to take any action that would, in its reasonable judgment, cause the Liquidity
		Facility Provider to incur any material loss or cost, unless the Borrower
		agrees to reimburse or indemnify the Liquidity Facility Provider therefor. If
		no such designation or other action is effected, or, if effected, fails to
		avoid the need for such actions, the Borrower may arrange for a Replacement
		Liquidity Facility in accordance with Section 3.14(e) of the Trust
		Indenture.
	 

	 
		ARTICLE
		IV
	 

	 
		CONDITIONS
		PRECEDENT
	 

	 
		Section 4.01.
		Conditions
		Precedent to Effectiveness of Section 2.01. Section 2.01 of this Agreement
		shall become effective on and as of the first date (the “Effective Date”) on which
	 

	 
		 
	 

	 
		22
	 

	 
		 
	 

	 

	 
	 

	 

	 
		the following
		conditions precedent have been satisfied (or waived by the appropriate party or
		parties):
	 

	 
		(a) The Liquidity
		Facility Provider shall have received on or before the Closing Date each of the
		following, and in the case of each document delivered pursuant to paragraphs
		(i), (ii) and (iii), each in form and substance satisfactory to the Liquidity
		Facility Provider:
	 

	 
		(i) This Agreement
		and the Fee Letter duly executed on behalf of each of the parties thereto
		(other than the Liquidity Facility Provider);
	 

	 
		(ii) The Trust
		Indenture duly executed on behalf of each of the parties thereto (other than
		the Liquidity Facility Provider);
	 

	 
		(iii) Fully executed
		copies of each of the Related Documents that are to be executed and delivered
		on or before the Closing Date to the extent that such documents may be executed
		on or before the Closing Date (other than this Agreement and the Fee
		Letter);
	 

	 
		(iv) A copy of the
		Offering Memorandum and specimen copies of the Class G-1 Notes; and
	 

	 
		(v) An executed copy
		of each document, instrument, certificate and opinion delivered on or before
		the Closing Date pursuant to the Trust Indenture and the other Related
		Documents (in the case of each such opinion either addressed to the Liquidity
		Facility Provider or accompanied by a letter addressed to the Liquidity
		Facility Provider from the counsel rendering such opinion to the effect that
		the Liquidity Facility Provider is entitled to rely on such opinion as if it
		were addressed to the Liquidity Facility Provider).
	 

	 
		(b) On and as of the
		Effective Date no event shall have occurred and be continuing, or would result
		from the entering into of this Agreement or the making of any Advance, which
		constitutes a Liquidity Facility Event of Default.
	 

	 
		(c) The Liquidity
		Facility Provider shall have received payment in full of the fees and other
		sums required to be paid to or for the account of the Liquidity Facility
		Provider on or prior to the Effective Date pursuant to the Fee Letter.
	 

	 
		(d) All conditions
		precedent to the issuance of the Class G-1 Notes under the Trust Indenture
		shall have been satisfied or waived, all conditions precedent to the purchase
		of the Notes by the Initial Purchasers under the Note Purchase Agreement (other
		than the effectiveness of this Agreement) shall have been satisfied (unless any
		of such conditions precedent under the Note Purchase Agreement shall have been
		waived by the Initial Purchasers).
	 

	 
		Section 4.02.
		Conditions
		Precedent to Borrowing. The obligation of the
		Liquidity Facility Provider to make an Advance on the occasion of each
		Borrowing shall be subject to the conditions precedent that the Effective Date
		shall have occurred and, prior to the time of such Borrowing, the Cash Manager
		shall have delivered a Notice of Borrowing which conforms to the terms and
		conditions of this Agreement.
	 

	 
		 
	 

	 
		23
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ARTICLE
		V
	 

	 
		COVENANTS
	 

	 
		Section 5.01.
		Affirmative
		Covenants of the Borrower. So long as any Advance shall
		remain unpaid or the Liquidity Facility Provider shall have any Maximum
		Commitment hereunder or the Borrower shall have any obligation to pay any
		amount to the Liquidity Facility Provider hereunder, the Borrower will, unless
		the Liquidity Facility Provider shall otherwise consent in writing:
	 

	 
		(a) Performance of
		Agreements.
		Punctually pay or cause to be paid all amounts payable by it under this
		Agreement and the Trust Indenture and observe and perform in all material
		respects the conditions, covenants and requirements applicable to it contained
		in this Agreement and the Trust Indenture.
	 

	 
		(b) Reporting
		Requirements.
		Permit the Liquidity Facility Provider, upon reasonable notice, to inspect the
		Borrower’s books and records with respect to such transactions and to meet
		with the Cash Manager and other representatives of the Borrower to discuss such
		transactions contemplated by this Agreement and the Related Documents.
	 

	 
		(c) Certain Related
		Documents.
		Furnish to the Liquidity Facility Provider with reasonable promptness, copies
		of such Related Documents entered into after the date hereof as from time to
		time may be reasonably requested by the Liquidity Facility Provider.
	 

	 
		Section 5.02.
		[Reserved]
	 

	 
		Section 5.03.
		Covenants
		Regarding Notices. Promptly following any time
		that (x) the Class G-1 Notes have been paid in full (or provision has been made
		for such payment in accordance with the Trust Indenture (y) the Trust Indenture
		has been terminated with respect to all of the Class G-1 Notes issued
		thereunder as contemplated by Section 11.01(a) of the Trust Indenture, or (z)
		the Class G-1 Notes are otherwise no longer entitled to the benefits of this
		Agreement, the Cash Manager shall deliver to the Liquidity Facility Provider
		the certificate referred to in clause (ii) of the definition of Termination
		Date. Promptly following any time that a Replacement Liquidity Facility has
		been substituted for this Agreement pursuant to Section 3.14(e) of the Trust
		Indenture, the Cash Manager shall deliver to the Liquidity Facility Provider
		the certificate referred to in clause (iii) of the definition of Termination
		Date.
	 

	 
		ARTICLE
		VI
	 

	 
		LIQUIDITY
		FACILITY EVENTS OF DEFAULT
	 

	 
		Section 6.01.
		Liquidity
		Facility Events of Default. If (a) any Liquidity Facility
		Event of Default has occurred and is continuing, the Liquidity Facility
		Provider may, in its discretion, deliver to the Cash Manager a Termination
		Notice, or (b) an Insolvency Proceeding occurs, (i) this Agreement shall expire
		at the close of business on the fifth Business Day after the earlier of (A) the
		date on which such Termination Notice is received by the Cash Manager, and (B)
		the date the Insolvency Proceeding occurs, (ii) the Cash Manager shall promptly
		request, and the
	 

	 
		 
	 

	 
		24
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Liquidity Facility
		Provider shall promptly make, a Final Advance in accordance with Section
		2.02(d) hereof and Section 3.14(i) of the Trust Indenture, (iii) all other
		outstanding Advances shall be automatically converted into Final Advances for
		purposes of determining the Applicable Liquidity Facility Rate for interest
		payable thereon and (iv) subject to Sections 2.07 and 2.09, all Advances, any
		accrued interest thereon and any other amounts outstanding hereunder shall
		become immediately due and payable to the Liquidity Facility Provider.
	 

	 
		ARTICLE
		VII
	 

	 
		MISCELLANEOUS
	 

	 
		Section 7.01.
		No Oral
		Modifications or Continuing Waivers. No terms or provisions of this
		Agreement may be changed, waived, discharged or terminated orally, but only by
		an instrument in writing signed by the Borrower, the Cash Manager, the
		Liquidity Facility Provider, the Liquidity Guarantor and any other Person whose
		consent is required pursuant to this Agreement. Any waiver of the terms hereof
		shall be effective only in the specific instance and for the specific purpose
		given.
	 

	 
		Section 7.02.
		Notices. Unless otherwise expressly
		specified or permitted by the terms hereof, all notices, requests, demands,
		authorizations, directions, consents, waivers or documents required or
		permitted under the terms and provisions of this Agreement shall be in English
		and in writing, and given by registered or certified mail, courier service or
		facsimile, and any such notice shall be effective when delivered (or, 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 such transmission was received) addressed as follows:

	 

	 
		If to the Borrower,
		to:
	 

	 
		 
	 

	 
			
				
				  Genesis
				  Funding Limited
				

			 
	
				
				  Clarendon
				  House
				

			 
	
				
				  2 Church
				  Street
				

			 
	
				
				  Hamilton,
				  HM11
				

			 
	
				
				  Bermuda
				

			 
	
				
				  Attention:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Telephone:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Fax: 

				

			 	
				
				  [__________]
				

			 

 

	 
		If to the Cash
		Manager, to:
	 

	 
		Deutsche Bank Trust
		Company Americas
	 

	 
		[__________]
	 

	 
		[__________]
	 

	 
			
				
				  Attention:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Telephone:
				  
				

			 	
				
				  [__________]
				

			 
	
				
				  Fax: 

				

			 	
				
				  [__________]
				

			 

 

	 
		 
	 

	 
		25
	 

	 
		 
	 

	 

	 
	 

	 

	 
		If to the Liquidity
		Facility Provider, to:
	 

	 
		PK AirFinance US,
		Inc.
	 

	 
		400 Madison Avenue,
		Suite 9C
	 

	 
		New York, NY
		10017
	 

	 
		Attention: First
		Vice President
	 

	 
		Fax:
		        212-397-9393
	 

	 
		Any party, by notice
		to the other parties hereto, may designate additional or different addresses
		for subsequent notices or communications. Whenever the words “notice”
		or “notify” or similar words are used herein, they mean the provision
		of formal notice as set forth in this Section 7.02.
	 

	 
		Section 7.03.
		No Waiver;
		Remedies. No
		failure on the part of the Liquidity Facility Provider to exercise, and no
		delay in exercising, any right under this Agreement shall operate as a waiver
		thereof, nor shall any single or partial exercise of any right under this
		Agreement preclude any other or further exercise thereof or the exercise of any
		other right. The remedies herein provided are cumulative and not exclusive of
		any remedies provided by law.
	 

	 
		Section 7.04.
		Further
		Assurances. The
		Borrower agrees to do such further acts and things and to execute and deliver
		to the Liquidity Facility Provider such additional assignments, agreements,
		powers and instruments as the Liquidity Facility Provider may reasonably
		require or deem advisable to carry into effect the purposes of this Agreement
		and the other Related Documents or to better assure and confirm unto the
		Liquidity Facility Provider its rights, powers and remedies hereunder and under
		the other Related Documents.
	 

	 
		Section 7.05.
		Indemnification;
		Survival of Certain Provisions. The Liquidity Facility
		Provider shall be indemnified hereunder to the extent and in the manner
		described in the Trust Indenture. In addition, the Borrower agrees to
		indemnify, protect, defend and hold harmless each Liquidity Facility Indemnitee
		from and against all Disbursements of any kind or nature whatsoever
		that may be imposed on or incurred by such Liquidity Facility Indemnitee, in
		any way relating to, resulting from, or arising out of or in connection with,
		any action, suit or proceeding by any third party against such Liquidity
		Facility Indemnitee and relating to this Agreement, the Fee Letter, the Trust
		Indenture or any Related Document and, solely with respect to the initial
		Liquidity Facility Provider originally a signatory hereto, the Offering
		Memorandum; provided, however, that the Borrower shall not be required to
		indemnify, protect, defend and hold harmless any Liquidity Facility Indemnitee
		in respect of any Disbursement of such Liquidity Facility Indemnitee to the
		extent such Disbursement is (i) attributable to the gross negligence or willful
		misconduct of such Liquidity Facility Indemnitee or any other Liquidity
		Facility Indemnitee, (ii) an ordinary and usual operating overhead expense, or
		(iii) attributable to the failure by such Liquidity Facility Indemnitee or
		any other Liquidity Facility Indemnitee to perform or observe any agreement,
		covenant or condition on its part to be performed or observed in this
		Agreement, the Trust Indenture, the Fee Letter or any other Related Document to
		which it is a party. The provisions of Sections 3.01, 3.03, 3.09, 7.05 and
		7.07 and the right to indemnification under the Trust Indenture shall survive
		the termination of this Agreement.
	 

	 
		Section 7.06.
		Liability of the
		Liquidity Facility Provider. 
	 

	 
		 
	 

	 
		26
	 

	 
		 
	 

	 

	 
	 

	 

	 
		(a) No Liquidity
		Facility Indemnitee shall be liable or responsible for: (i) the use which may
		be made of the Advances or any acts or omissions of the Borrower or any
		beneficiary or transferee in connection therewith; (ii) the validity,
		sufficiency or genuineness of documents, or of any endorsement thereon, even if
		such documents should prove to be in any or all respects invalid, insufficient,
		fraudulent or forged; or (iii) the making of Advances by the Liquidity Facility
		Provider against delivery of a Notice of Borrowing and other documents which do
		not comply with the terms hereof; provided, however, that the Borrower shall
		have a claim against the Liquidity Facility Provider, and the Liquidity
		Facility Provider shall be liable to the Borrower, to the extent of any damages
		suffered by the Borrower that are the result of (A) the Liquidity Facility
		Provider’s willful misconduct or gross negligence in determining whether
		documents presented hereunder comply with the terms hereof or (B) any breach by
		the Liquidity Facility Provider of any of the terms of this Agreement or a
		Trust Indenture, including, but not limited to, the Liquidity Facility
		Provider’s failure to make lawful payment hereunder after the delivery to
		it by the Cash Manager of a Notice of Borrowing complying with the terms and
		conditions hereof.
	 

	 
		(b) Neither the
		Liquidity Facility Provider nor any of its officers, employees or directors or
		affiliates shall be liable or responsible in any respect for (i) any error,
		omission, interruption or delay in transmission, dispatch or delivery of any
		message or advice, however transmitted, in connection with this Agreement or
		any Notice of Borrowing delivered hereunder or (ii) any action, inaction or
		omission which may be taken by it in good faith, absent willful misconduct or
		negligence (in which event the extent of the Liquidity Facility Provider’s
		potential liability to the Borrower shall be limited as set forth in the
		immediately preceding paragraph), in connection with this Agreement or any
		Notice of Borrowing.
	 

	 
		Section 7.07.
		Certain Costs
		and Disbursements. Subject to Section 2.09, the
		Borrower agrees promptly to pay, or cause to be paid, (a) the reasonable fees,
		expenses and disbursements of Clifford Chance US LLP, special counsel for the
		Liquidity Facility Provider, in connection with the preparation, negotiation,
		execution, delivery, filing and recording of the Related Documents, any waiver
		or consent hereunder or any amendment thereof and (b) if a Liquidity Facility
		Event of Default occurs, all reasonable out-of-pocket expenses incurred by the
		Liquidity Facility Provider, including reasonable fees and disbursements of
		counsel, in connection with such Liquidity Facility Event of Default and any
		collection, bankruptcy, insolvency and other enforcement proceedings in
		connection therewith. In addition, the Borrower agrees to pay (or cause to be
		paid) any and all recording, stamp and other similar taxes and fees payable or
		determined to be payable in the United States in connection with the execution,
		delivery, filing and recording of this Agreement, any other Related Document
		and such other documents, and agrees to save the Liquidity Facility Provider
		harmless from and against any and all liabilities with respect to or resulting
		from any delay in paying or omission to pay such taxes or fees.
	 

	 
		Section 7.08.
		Binding Effect;
		Participations; Assignments. 
	 

	 
		(a) This Agreement
		shall be binding upon and inure to the benefit of the Borrower, the Cash
		Manager and the Liquidity Facility Provider and their respective successors and
		permitted assigns, except that neither the Cash Manager, the Liquidity Facility
		Provider (except as otherwise provided in this Section 7.08) nor (except as
		contemplated by the Security Trust Agreement) the Borrower shall have the right
		to assign, pledge or otherwise transfer its rights or
	 

	 
		 
	 

	 
		27
	 

	 
		 
	 

	 

	 
	 

	 

	 
		obligations
		hereunder or any interest herein, subject to (i) the Liquidity Facility
		Provider’s right to assign all of its rights and obligations hereunder to
		a Qualifying Lender that qualifies as an Eligible Provider (with written
		notification of such assignment to the Rating Agencies and the Policy Provider)
		and (ii) the Liquidity Facility Provider’s right to grant Participations
		pursuant to Section 7.08(b). Following any assignment in accordance with the
		provisions hereof and the last paragraph of Section 3.14(e) of the Indenture,
		the assignee Liquidity Facility Provider shall be deemed to be the
		“Initial Liquidity Facility Provider” for all purposes of the Related
		Documents and upon the effectiveness of such assignment, the Liquidity Guaranty
		shall automatically terminate with respect to all obligations assumed by such
		assignee (other than with respect to a claim theretofore asserted).
	 

	 
		(b) The Liquidity
		Facility Provider agrees that it will not grant any participation (including,
		without limitation, a “risk participation”) (any such participation,
		a “Participation”) in or to all or a portion of its rights and
		obligations hereunder or under the other Related Documents, unless all of the
		following conditions are satisfied: (i) such Participation is to a Permitted
		Participant, (ii) such Participation is made in accordance with all applicable
		laws, including, without limitation, the Securities Act, the TIA, and any other
		applicable laws relating to the transfer of similar interests and (iii) such
		Participation shall not be made under circumstances that require registration
		under the Securities Act, or qualification of any indenture under the TIA.
		Notwithstanding any such Participation, the Liquidity Facility Provider agrees
		that (1) the Liquidity Facility Provider’s obligations under the Related
		Documents shall remain unchanged, and such participant shall have no rights or
		benefits as against the Borrower or under any Related Document, (2) the
		Liquidity Facility Provider shall remain solely responsible to the other
		parties to the Related Documents for the performance of such obligations, (3)
		the Liquidity Facility Provider shall remain the maker of any Advances, and the
		other parties to the Related Documents shall continue to deal solely and
		directly with the Liquidity Facility Provider in connection with the Advances
		and the Liquidity Facility Provider’s rights and obligations under the
		Related Documents, (4) the Liquidity Facility Provider shall be solely
		responsible for any withholding Taxes or any filing or reporting requirements
		relating to such Participation and shall hold and indemnify the Borrower and
		its successors, permitted assigns, affiliates, agents and servants harmless
		against the same and (5) the Borrower shall not be required to pay to the
		Liquidity Facility Provider any amount under Section 3.01 or Section 3.03
		greater than it would have been required to pay had there not been any grant of
		a Participation by the Liquidity Facility Provider. The Liquidity Facility
		Provider may, in connection with any Participation or proposed Participation
		pursuant to this Section 7.08(b), disclose to the Permitted Participant or
		proposed Permitted Participant any information relating to the Related
		Documents or to the parties thereto furnished to the Liquidity Facility
		Provider hereunder or in connection therewith and permitted to be disclosed by
		the Liquidity Facility Provider; provided, however, that prior to any such
		disclosure, the Permitted Participant or proposed Permitted Participant shall
		agree in writing for the express benefit of the Borrower to preserve the
		confidentiality of any confidential information included therein (subject to
		customary exceptions).
	 

	 
		(c) Notwithstanding
		the other provisions of this Section 7.08, the Liquidity Facility Provider may
		assign and pledge all or any portion of the Advances owing to it to any Federal
		Reserve Bank or the United States Treasury as collateral security pursuant to
		Regulation A of the Board of Governors of the Federal Reserve System and any
		Operating Circular issued by such Federal Reserve Bank, provided that any
		payment in respect of such assigned Advances made by
	 

	 
		 
	 

	 
		28
	 

	 
		 
	 

	 

	 
	 

	 

	 
		the Cash Manager to
		the Liquidity Facility Provider in accordance with the terms of this Agreement
		shall satisfy the Borrower’s obligations hereunder in respect of such
		assigned Advance to the extent of such payment. No such assignment shall
		release the Liquidity Facility Provider from its obligations hereunder.
	 

	 
		Section 7.09.
		Severability. Any provision of this
		Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
		such jurisdiction, be ineffective to the extent of such prohibition or
		unenforceability without invalidating the remaining provisions hereof, and any
		such prohibition or unenforceability in any jurisdiction shall not invalidate
		or render unenforceable such provision in any other jurisdiction.
	 

	 
		Section 7.10.
		Governing
		Law. THIS
		AGREEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND THIS AGREEMENT SHALL
		BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
		YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, AND THE
		OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
		IN ACCORDANCE WITH SUCH LAWS.
	 

	 
		Section 7.11.
		Submission to
		Jurisdiction; Waiver of Jury Trial. 
	 

	 
		(a) Each of the
		parties hereto, to the extent it may do so under applicable law, for purposes
		hereof hereby (i) irrevocably submits itself to the non-exclusive jurisdiction
		of the courts of the State of New York sitting in the City of New York and to
		the non-exclusive jurisdiction of the United States District Court for the
		Southern District of New York, for the purposes of any suit, action or other
		proceeding arising out of this Agreement, the subject matter hereof or any of
		the transactions contemplated hereby brought by any party or parties hereto or
		thereto, or their successors or permitted assigns and (ii) waives, and agrees
		not to assert, by way of motion, as a defense, or otherwise, in any such suit,
		action or proceeding, that the suit, action or proceeding is brought in an
		inconvenient forum, that the venue of the suit, action or proceeding is
		improper or that this Agreement or the subject matter hereof or any of the
		transactions contemplated hereby may not be enforced in or by such
		courts.
	 

	 
		(b) THE BORROWER,
		THE CASH MANAGER AND THE LIQUIDITY FACILITY PROVIDER EACH HEREBY AGREE TO WAIVE
		THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED
		UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO
		THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING
		ESTABLISHED, including, without limitation, contract claims, tort claims,
		breach of duty claims and all other common law and statutory claims. The
		Borrower, the Cash Manager and the Liquidity Facility Provider each warrant and
		represent that it has reviewed this waiver with its legal counsel, and that it
		knowingly and voluntarily waives its jury trial rights following consultation
		with such legal counsel. THIS WAIVER IS IRREVOCABLE, AND CANNOT BE MODIFIED
		EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT
		AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.
	 

	 
		 
	 

	 
		29
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Section 7.12.
		Counterparts. This Agreement may be executed
		in any number of counterparts (and each party shall not be required to execute
		the same counterpart). Each counterpart of this Agreement including a signature
		page or pages executed by each of the parties hereto shall be an original
		counterpart of this Agreement, but all of such counterparts together shall
		constitute one instrument.
	 

	 
		Section 7.13.
		Entirety. This Agreement, the Fee Letter
		and a Trust Indenture constitute the entire agreement of the parties hereto
		with respect to the subject matter hereof and supersede all prior
		understandings and agreements of such parties.
	 

	 
		Section 7.14.
		Headings. The headings of the various
		Articles and Sections herein and in the Table of Contents hereto are for
		convenience of reference only and shall not define or limit any of the terms or
		provisions hereof.
	 

	 
		Section 7.15.
		Third Party
		Beneficiary.
		The parties hereto acknowledge that the Policy Provider is a third party
		beneficiary to this Agreement.
	 

	 
		Section 7.16.
		Cash
		Manager. For
		the avoidance of doubt, the parties hereto agree that Deutsche Bank Trust
		Company Americas is entering into this Agreement solely in its capacity as Cash
		Manager, is not guaranteeing the obligations of the Borrower under this
		Agreement, the Trust Indenture or other Related Documents and is entitled to
		the rights and immunities, and the indemnities from the Borrower, and is
		otherwise subject to the provisions, set forth in the Cash Management
		Agreement, as if such rights, immunities, indemnities from the Borrower and
		provisions were set forth herein.
	 

	 
		Section 7.17.
		Compliance with
		Applicable Anti-Terrorism and Money-Laundering Regulations. In order to comply with
		Applicable Law, the Trustee is required to obtain, verify and record certain
		information relating to individuals and entities which maintain a business
		relationship with the Trustee. Accordingly, each of the parties agrees to
		provide to the Trustee upon its request from time to time such identifying
		information and documentation as may be available for such party in order to
		enable the Trustee to comply with such Applicable Law.
	 

	 
		Section 7.18.
		Liquidity
		Facility Provider’s Obligation to Make Advances. EXCEPT AS EXPRESSLY SET FORTH
		IN THIS AGREEMENT, THE OBLIGATIONS OF THE LIQUIDITY FACILITY PROVIDER TO MAKE
		ADVANCES HEREUNDER, AND THE CASH MANAGER’S RIGHTS TO DELIVER NOTICES OF
		BORROWING ON BEHALF OF THE BORROWER REQUESTING THE MAKING OF ADVANCES
		HEREUNDER, SHALL BE ABSOLUTE, UNCONDITIONAL AND IRREVOCABLE, AND SHALL BE PAID
		OR PERFORMED, IN EACH CASE STRICTLY IN ACCORDANCE WITH THE TERMS OF THIS
		AGREEMENT.
	 

	 
		 
	 

	 
		30
	 

	 
		 
	 

	 

	 
	 

	 

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

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  GENESIS
				  FUNDING LIMITED, as Borrower
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  

				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  PK
				  AIRFINANCE US, INC., as Liquidity Facility Provider
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  

				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY AMERICAS, as Cash Manager
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				   

				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX I
		to
	 

	 
		REVOLVING CREDIT
		AGREEMENT
	 

	 
		FACILITY ADVANCE
		NOTICE OF BORROWING
	 

	 
		The undersigned, a
		duly authorized signatory of the undersigned Cash Manager (the
		“Cash
		Manager”),
		hereby certifies on behalf of Genesis Funding Limited (the
		“Borrower”), to PK AirFinance US,
		Inc. (the “Liquidity Facility
		Provider”), with reference to the
		Revolving Credit Agreement dated as of [__________], 2006, among the Borrower,
		the Cash Manager and the Liquidity Facility Provider (as amended from time to
		time, the “Credit Agreement”; the terms defined therein and not
		otherwise defined herein being used herein as therein defined or referenced),
		that:
	 

	 
		(1) The Cash Manager
		is delivering this Notice of Borrowing for the making of a Facility Advance by
		the Liquidity Facility Provider to be used for (i) a Liquidity Facility
		Interest Class G Shortfall, (ii) a Required Expenses Shortfall, and/or (iii) a
		Senior Hedge Payments Shortfall the payment of which is payable on __________,
		_____ in accordance with the terms and provisions of the Trust Indenture and
		the Class G-1 Notes, which Advance is requested to be made on __________,
		_____. The Facility Advance should be remitted to the Initial Liquidity Payment
		Account the details of which are [insert wire and account details].
	 

	 
		(2) The amount of
		the Facility Advance requested hereby (i) is $___________.__, to be applied in
		respect of funding the Liquidity Facility Collateral Account in accordance with
		Section 3.14(b) and (f) of the Trust Indenture, (ii) does not include any
		amount with respect to the payment of the principal of, Redemption Premium on,
		or breakage costs with respect to, the Class G-1 Notes, (iii) was computed in
		accordance with the provisions of the Class G-1 Notes, the Trust Indenture (a
		copy of which computation is attached hereto as Schedule I), (iv) does not
		exceed the Available Amount on the date hereof, and (v) has not been and is not
		the subject of a prior or contemporaneous Notice of Borrowing.
	 

	 
		(3) Upon receipt by
		the Cash Manager of the amount requested hereby, (a) the Cash Manager will
		apply the same in accordance with the terms of Section 3.14(b) of the Trust
		Indenture, (b) no portion of such amount shall be applied by the Cash Manager
		for any other purpose, and (c) no portion of such amount until so applied shall
		be commingled with other funds held by the Cash Manager.
	 

	 
		The Cash Manager
		hereby acknowledges that, pursuant to the Credit Agreement, the making of the
		Facility Advance as requested by this Notice of Borrowing shall automatically
		reduce, subject to reinstatement in accordance with the terms of the Credit
		Agreement, the Available Amount by an amount equal to the amount of the
		Facility Advance requested to be made hereby as set forth in clause (i) of
		paragraph (2) of this Notice of Borrowing and such 
	 

	 
		 
	 

	 
		I-1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		reduction shall
		automatically result in corresponding reductions in the amounts available to be
		borrowed pursuant to a subsequent Advance.
	 

	 
		IN WITNESS WHEREOF,
		the Cash Manager has executed and delivered this Notice of Borrowing as of the
		_____ day of ________
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY

				  AMERICAS, as Cash
				  Manager
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
		SCHEDULE I TO
		FACILITY ADVANCE NOTICE OF BORROWING
	 

	 
		[Insert Copy of
		Computations in accordance with Facility Advance Notice of Borrowing]
	 

	 
		 
	 

	 
		I-3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX II
		to
	 

	 
		REVOLVING CREDIT
		AGREEMENT
	 

	 
		BUDGETED CASH
		SHORTFALL ADVANCE NOTICE OF BORROWING
	 

	 
		The undersigned, a
		duly authorized signatory of the undersigned Cash Manager (the
		“Cash
		Manager”),
		hereby certifies on behalf of Genesis Funding Limited (the
		“Borrower”), to PK AirFinance US,
		Inc. (the “Liquidity Facility
		Provider”), with reference to the
		Revolving Credit Agreement dated as of [__________], 2006, among the Borrower,
		the Cash Manager and the Liquidity Facility Provider (as amended from time to
		time, the “Credit Agreement”; the terms defined therein and not
		otherwise defined herein being used herein as therein defined or referenced),
		that:
	 

	 
		(1) The Cash Manager
		is delivering this Notice of Borrowing for the making of a Budgeted Cash
		Shortfall Advance by the Liquidity Facility Provider to be used for a Budgeted
		Cash Shortfall the payment of which is payable on __________, _____ in
		accordance with the terms and provisions of the Trust Indenture and the Class
		G-1 Notes, which Advance is requested to be made on __________, _____. The
		Budgeted Cash Shortfall Advance should be remitted to the Budgeted Cash Account
		the details of which are [insert wire and account details].
	 

	 
		(2) The amount of
		the Budgeted Cash Shortfall Advance requested hereby (i) is $___________.__, to
		be applied in respect of funding the Budgeted Cash Account in accordance with
		Section 3.14(b) of the Trust Indenture, (ii) does not include any amount with
		respect to the payment of the principal of, Redemption Premium on, or breakage
		costs with respect to, the Class G-1 Notes, (iii) was computed in accordance
		with the provisions of the Class G-1 Notes, the Trust Indenture (a copy of
		which computation is attached hereto as Schedule I), (iv) does not exceed the
		Available Budgeted Cash Amount on the date hereof, and (v) has not been and is
		not the subject of a prior or contemporaneous Notice of Borrowing.
	 

	 
		(3) Upon receipt by
		the Cash Manager of the amount requested hereby, (a) the Cash Manager will
		apply the same in accordance with the terms of Section 3.14(b) of the Trust
		Indenture, (b) no portion of such amount shall be applied by the Cash Manager
		for any other purpose, and (c) no portion of such amount until so applied shall
		be commingled with other funds held by the Cash Manager.
	 

	 
		The Cash Manager
		hereby acknowledges that, pursuant to the Credit Agreement, the making of the
		Budgeted Cash Shortfall Advance as requested by this Notice of Borrowing shall
		automatically reduce, subject to reinstatement in accordance with the terms of
		the Credit Agreement, the Available Budgeted Cash Amount by an amount equal to
		the amount of the Budgeted Cash Shortfall Advance requested to be made hereby
		as set forth in clause (i) of paragraph (2) of this Notice of Borrowing and
		such reduction shall automatically result in 
	 

	 
		 
	 

	 
		II-1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		corresponding
		reductions in the amounts available to be borrowed pursuant to a subsequent
		Budgeted Cash Shortfall Advance.
	 

	 
		IN WITNESS WHEREOF,
		the Cash Manager has executed and delivered this Notice of Borrowing as of the
		_____ day of ________
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY

				  AMERICAS, as Cash
				  Manager
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 
		II-2
	 

	 
		 
	 

	 

	 
	 

	 

	 
		SCHEDULE I TO
		BUDGETED CASH SHORTFALL ADVANCE NOTICE OF BORROWING
	 

	 
		[Insert Copy of
		Computations in accordance with Budgeted Cash Shortfall Advance Notice of
		Borrowing]
	 

	 
		 
	 

	 
		II-3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX III
		to
	 

	 
		REVOLVING CREDIT
		AGREEMENT
	 

	 
		NON-EXTENSION
		ADVANCE NOTICE OF BORROWING
	 

	 
		The undersigned, a
		duly authorized signatory of the undersigned Cash Manager (the
		“Cash
		Manager”),
		hereby certifies on behalf of Genesis Funding Limited (the
		“Borrower”), to PK AirFinance US,
		Inc. (the “Liquidity Facility
		Provider”), with reference to the
		Revolving Credit Agreement dated as of [__________], 2006, among the Borrower,
		the Cash Manager and the Liquidity Facility Provider (as amended from time to
		time, the “Credit Agreement”; the terms defined therein and not
		otherwise defined herein being used herein as therein defined or referenced),
		that:
	 

	 
		(1) The Cash Manager
		is delivering this Notice of Borrowing for the making of the Non-Extension
		Advance by the Liquidity Facility Provider to be used for the funding of the
		Liquidity Facility Reserve Account [and the Budgeted Cash Reserve Account, as
		applicable,]* in accordance with Section 3.14(d) of the Trust Indenture, which
		Advance is requested to be made on __________, _____. The Non-Extension Advance
		should be remitted to the Liquidity Facility Reserve Account, the details of
		which are [insert wire and account details] [to the extent of the Available
		Amount, and to the Budgeted Cash Reserve Account, the details of which are
		[insert wire and account details] to the extent of the Available Budgeted Cash
		Amount, in each case as set forth below].*
	 

	 
		(2) The amount of
		the Non-Extension Advance requested hereby (i) is [$___________.__, which
		equals the sum of]* $___________.__, which equals the Available Amount [and
		$___________.__, which equals the Available Budgeted Cash Amount]* on the date
		hereof and is to be applied in respect of the funding of the Liquidity Facility
		Reserve Account [and the Budgeted Cash Reserve Account, as applicable,]* in
		accordance with Section 3.14(d) of the Trust Indenture, (ii) does not include
		any amount with respect to the payment of the principal of, Redemption Premium
		on, or breakage costs with respect to, the Class G-1 Notes, (iii) was computed
		in accordance with the provisions of the Class G-1 Notes and the Trust
		Indenture (a copy of which computation is attached hereto as Schedule I) and
		(iv) has not been and is not the subject of a prior or contemporaneous Notice
		of Borrowing under the Credit Agreement.
	 

	 
		(3) Upon receipt by
		the Cash Manager of the amount requested hereby, (a) the Cash Manager will
		deposit such amount in the Liquidity Facility Reserve Account [and the Budgeted
		Cash Reserve Account, as applicable,]1 and apply the same in
		accordance with the terms of Section 3.14(f) of the Trust Indenture, (b) no
		portion of such amount shall be applied by the Cash Manager 
	 

	 
		______________

	 

	 	
			 
				*
			 

		  	
			 
				 Insert if on
				or prior to the second anniversary of the Initial Closing Date.
			 

		  

	 
		 
	 

	 
		 
	 

	 
		III-1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		for any other
		purpose, and (c) no portion of such amount until so applied shall be commingled
		with other funds held by the Cash Manager.
	 

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

	 
		IN WITNESS WHEREOF,
		the Cash Manager has executed and delivered this Notice of Borrowing as of
		_____ the day of ________
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY

				  AMERICAS, as Cash
				  Manager
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		III-2
	 

	 
		 
	 

	 

	 
	 

	 

	 
		SCHEDULE I TO
		NON-EXTENSION ADVANCE NOTICE OF BORROWING
	 

	 
		[Insert Copy of
		computations in accordance with Non-Extension Advance Notice of
		Borrowing]
	 

	 
		 
	 

	 
		 
	 

	 
		III-3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX IV to

		REVOLVING CREDIT AGREEMENT
	 

	 
		DOWNGRADE ADVANCE
		NOTICE OF BORROWING
	 

	 
		The undersigned, a
		duly authorized signatory of the undersigned Cash Manager (the
		“Cash
		Manager”),
		hereby certifies on behalf of Genesis Funding Limited (the
		“Borrower”), to PK AirFinance US,
		Inc. (the “Liquidity Facility
		Provider”), with reference to the
		Revolving Credit Agreement dated as of [__________], 2006, among the Borrower,
		the Cash Manager and the Liquidity Facility Provider (as amended from time to
		time, the “Credit Agreement”; the terms defined therein and not
		otherwise defined herein being used herein as therein defined or referenced),
		that:
	 

	 
		(1) The Cash Manager
		is delivering this Notice of Borrowing for the making of the Downgrade Advance
		by the Liquidity Facility Provider to be used for the funding of the Liquidity
		Facility Reserve Account [and the Budgeted Cash Reserve Account, as
		applicable,]* in accordance with Section 3.14(c) of the Trust Indenture by
		reason of a Downgrade Event, which Advance is requested to be made on
		__________, _____. The Downgrade Advance should be remitted to the Liquidity
		Facility Reserve Account, the details of which are [insert wire and account
		details] [to the extent of the Available Amount, and to the Budgeted Cash
		Reserve Account, the details of which are [insert wire and account details] to
		the extent of the Available Budgeted Cash Amount, in each case as set forth
		below].* 
	 

	 
		(2) The amount of
		the Downgrade Advance requested hereby (i) is [$___________.__, which equals
		the sum of]* $___________.__, which equals the Available Amount [and
		$___________.__, which equals the Available Budgeted Cash Amount]* on the date
		hereof and is to be applied in respect of the funding of the Liquidity Facility
		Reserve Account [and the Budgeted Cash Reserve Account, as applicable,]* in
		accordance with Section 3.14(c) of the Trust Indenture, (ii) does not include
		any amount with respect to the payment of the principal of, Redemption Premium
		on, or breakage costs with respect to, the Class G-1 Notes, (iii) was computed
		in accordance with the provisions of the Class G-1 Notes and the Trust
		Indenture (a copy of which computation is attached hereto as Schedule I), and
		(iv) has not been and is not the subject of a prior or contemporaneous Notice
		of Borrowing under the Credit Agreement.
	 

	 
		(3) Upon receipt by
		the Cash Manager of the amount requested hereby, (a) the Cash Manager will
		deposit such amount in the Liquidity Facility Reserve Account [and the Budgeted
		Cash Reserve Account, as applicable,]* and apply the same in accordance with
		the terms of Section 3.14(f) of the Trust Indenture, (b) no portion of such
		amount shall be applied by the Cash Manager 
	 

	 
		______________
	 

	 	
			 
				*
			 

		  	
			 
				 Insert if
				prior to the Budgeted Cash Termination Date.
			 

		  

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		IV-1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		for any other
		purpose, and (c) no portion of such amount until so applied shall be commingled
		with other funds held by the Cash Manager.
	 

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

	 
		IN WITNESS WHEREOF,
		the Cash Manager has executed and delivered this Notice of Borrowing as of the
		_____ day of _______________.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY

				  AMERICAS, as Cash
				  Manager
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		IV-2
	 

	 
		 
	 

	 

	 
	 

	 

	 
		SCHEDULE I TO
		DOWNGRADE ADVANCE NOTICE OF BORROWING
	 

	 
		[Insert Copy of
		computations in accordance with Downgrade Advance Notice of Borrowing]
	 

	 
		 
	 

	 
		 
	 

	 
		IV-3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX V
		to
	 

	 
		REVOLVING CREDIT
		AGREEMENT
	 

	 
		FINAL ADVANCE
		NOTICE OF BORROWING
	 

	 
		The undersigned, a
		duly authorized signatory of the undersigned Cash Manager (the
		“Cash
		Manager”),
		hereby certifies on behalf of Genesis Funding Limited (the
		“Borrower”), to PK AirFinance US,
		Inc. (the “Liquidity Facility
		Provider”), with reference to the
		Revolving Credit Agreement dated as of [__________], 2006, among the Borrower,
		the Cash Manager and the Liquidity Facility Provider (as amended from time to
		time, the “Credit Agreement”; the terms defined therein and not
		otherwise defined herein being used herein as therein defined or referenced),
		that:
	 

	 
		(1) The Cash Manager
		is delivering this Notice of Borrowing for the making of the Final Advance by
		the Liquidity Facility Provider to be used for the funding of the Liquidity
		Facility Reserve Account [and the Budgeted Cash Reserve Account, as
		applicable,]* in accordance with Section 3.14(i) of the Trust Indenture by
		reason of the receipt by the Cash Manager of a Termination Notice from the
		Liquidity Facility Provider with respect to the Credit Agreement, which Advance
		is requested to be made on ____________, _____. The Final Advance should be
		remitted to the Liquidity Facility Reserve Account, the details of which are
		[insert wire and account details] [to the extent of the Available Amount, and
		to the Budgeted Cash Reserve Account, the details of which are [insert wire and
		account details] to the extent of the Available Budgeted Cash Amount, in each
		case as set forth below].*
	 

	 
		(2) The amount of
		the Final Advance requested hereby (i) is [$___________.__, which equals the
		sum of]* $___________.__, which equals the Available Amount [and
		$___________.__, which equals the Available Budgeted Cash Amount]* on the date
		hereof and is to be applied in respect of the funding of the Liquidity Facility
		Reserve Account [and the Budgeted Cash Reserve Account, as applicable,]* in
		accordance with Section 3.14(i) of the Trust Indenture, (ii) does not include
		any amount with respect to the payment of principal of, Redemption Premium on,
		or breakage costs with respect to, the Class G-1 Notes, (iii) was computed in
		accordance with the provisions of the Class G-1 Notes and the Trust Indenture
		(a copy of which computation is attached hereto as Schedule I), and (iv) has
		not been and is not the subject of a prior or contemporaneous Notice of
		Borrowing.
	 

	 
		(3) Upon receipt by
		the Cash Manager of the amount requested hereby, (a) the Cash Manager will
		deposit such amount in the Liquidity Facility Reserve Account [and the Budgeted
		Cash Reserve Account, as applicable,]* and apply the same in accordance with
		the terms of Section 3.14(f) of the Trust 
	 

	 
		______________
	 

	 	
			 
				*
			 

		  	
			 
				 Insert if
				prior to the Budgeted Cash Termination Date.
			 

		  

	 
		 
	 

	 
		 
	 

	 
		 
	 

	 
		V-1
	 

	 

	 
		 
	 

	 
	 

	 

	 
		Indenture, (b) no
		portion of such amount shall be applied by the Cash Manager for any other
		purpose, and (c) no portion of such amount until so applied shall be commingled
		with other funds held by the Cash Manager.
	 

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

	 
		IN WITNESS WHEREOF,
		the Cash Manager has executed and delivered this Notice of Borrowing as of the
		_____ day of _____________.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE
				  BANK TRUST COMPANY

				  AMERICAS, as Cash
				  Manager
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		V-2
	 

	 
		 
	 

	 

	 
	 

	 

	 
		SCHEDULE I TO
		FINAL ADVANCE NOTICE OF BORROWING
	 

	 
		[Insert Copy of
		Computations in accordance with Final Advance Notice of Borrowing]
	 

	 
		 
	 

	 
		V-3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		ANNEX VI
		to
	 

	 
		REVOLVING CREDIT
		AGREEMENT
	 

	 
		NOTICE OF
		TERMINATION
	 

	 
		                      
		                    [Date]

	 

	 
		Deutsche Bank Trust
		Company Americas
	 

	 
		[__________]
	 

	 
		[__________]
	 

	 
		Attention:
		[__________]
	 

	 
			
				
				  Re:
				

			 	
				
				  Revolving
				  Credit Agreement dated as of [__________], 2006, among Genesis Funding Limited,
				  as Borrower, Deutsche Bank Trust Company Americas, as Cash Manager, and PK
				  AirFinance US, Inc., as Liquidity Facility Provider (the “Credit
				  Agreement”)
				

			 

 

	 
		Ladies and
		Gentlemen:
	 

	 
		You are hereby
		notified that pursuant to Section 6.01 of the Credit Agreement, by reason of
		the occurrence and continuance of a Liquidity Facility Event of Default (as
		defined therein), we are giving this notice to you in order to cause (i) our
		obligations to make Advances (as defined therein) under such Credit Agreement
		to terminate at the close of business on the fifth Business Day after the date
		on which you receive this notice and (ii) you to request a Final Advance under
		the Credit Agreement pursuant to Section 3.14(i) of the Trust Indenture (as
		defined in the Credit Agreement) as a consequence of your receipt of this
		notice.
	 

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

	 
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				  Very truly
				  yours,
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  
 PK
				  AIRFINANCE US, INC., as Liquidity Facility

				  Provider
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:

				  Title:
				

			 

 

	 
		cc: Genesis Funding
		Limited
	 

	 
		 
	 

	 
		 
	 

	 
		- ii -GENESIS FUNDING LIMITED
	 

	 
		

	 

	 
		FINANCIAL GUARANTY INSURANCE COMPANY
	 

	 
		

	 

	 
		CITIGROUP GLOBAL MARKETS INC.
	 

	 
		

	 

	 
		WACHOVIA CAPITAL MARKETS LLC
	 

	 
		

	 

	 
		 J.P. MORGAN SECURITIES INC.
	 

	 
		

	 

	 
		CREDIT SUISSE SECURITIES (USA), INC.
	 

	 
		

	 

	 
		

	 

	 
		$810,000,000 CLASS G-1 FLOATING RATE ASSET BACKED NOTES 
 SERIES
		2006-1
	 

	 
		INDEMNIFICATION AGREEMENT
	 

	 
		Dated: As of November [__], 2006
	 

	 
		

	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
		 
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		INDEMNIFICATION AGREEMENT, dated as of November [__], 2006 (this
		“Indemnification Agreement”), by and among GENESIS FUNDING LIMITED
		(the “Issuer”), FINANCIAL GUARANTY INSURANCE COMPANY
		(“FGIC”) and CITIGROUP GLOBAL MARKETS INC., WACHOVIA CAPITAL MARKETS
		LLC, J.P. MORGAN SECURITIES INC. AND CREDIT SUISSE SECURITIES (USA), INC. (the
		“Initial Purchasers”).
	 

	 
		Section 1.
	 

	 
		Defined Terms.  Unless the context clearly requires
		otherwise, all capitalized terms used but not defined herein shall have the
		respective meanings assigned to them in the Offering Memorandum, dated November
		[­­­__], 2006 (the “Offering Memorandum”), with respect
		to the offering of the Class G-1 Floating Rate Asset Backed Notes Series 2006-1
		(the “Class G-1 Notes”) to be issued by the Issuer.
	 

	 
		Section 2.
	 

	 
		Representations, Warranties and Agreements of the Initial
		Purchasers.  Each of the Initial Purchasers represents, warrants and
		agrees with FGIC (a) with respect to such Initial Purchaser that (i) it is duly
		organized, validly existing and in good standing in the jurisdiction of its
		organization and has the corporate power and authority to execute and deliver
		this Indemnification Agreement and to perform its obligations hereunder, and
		(ii) this Indemnification Agreement constitutes its legal, valid and binding
		obligation, enforceable against it in accordance with its terms, except as
		enforcement may be limited by applicable bankruptcy, insolvency,
		reorganization, moratorium, receivership and other similar laws affecting
		creditors’ rights generally and by general principles of equity and
		subject to principles of public policy limiting the right to enforce the
		indemnification provisions contained herein insofar as such provisions relate
		to indemnification for liabilities arising under federal securities laws,
		(b) with respect to the offering of the Class G-1 Notes, that (i) it will
		make offers and sales of the Class G-1 Notes in compliance with all legal
		requirements and only as described in the Offering Memorandum and the Purchase
		Agreement, dated December [__], 2006, by and among the Issuer and the Initial
		Purchasers (the “Purchase Agreement”), (ii) it will not use any
		offering materials other than the Preliminary Offering Memorandum (as
		hereinafter defined) and the Offering Memorandum which make reference to, or
		relate to, FGIC without the written consent of FGIC and (iii) it will not offer
		and sell any Class G-1 Notes to any person resident or incorporated in Ireland
		or any person that will hold such Class G-1 Notes through a branch, agency or
		other place of business or establishment in Ireland and (c) that (i) the
		Initial Purchasers Information (as defined below) included in the Preliminary
		Offering Memorandum, dated November 7, 2006, as supplemented by the pricing
		supplement, dated November [__], 2006 (collectively, the “Preliminary
		Offering Memorandum”), with respect to the offering of the Class G-1
		Notes, as of [_:__] PM New York City time on November [__], 2006 (the
		“Applicable Time”), did not contain any untrue statement of a
		material fact or omit to state a material fact necessary to make the statements
		therein, in the light of the circumstances under which they were made, not
		misleading and (ii) the Initial Purchasers Information (as defined below)
		included in the Offering Memorandum, as of the date thereof, did not, and on
		the Closing Date, will not, contain any untrue statement of a material fact or
		omit to state a material fact necessary in order to make the statements
		therein, in the light of the circumstances under which they were made, not
		misleading.
	 

	 
		Section 3.
	 

	 
		Representations, Warranties and Agreements of the Issuer.
		 The Issuer represents and warrants to, and agrees with, FGIC as follows:
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(a)
	 

	 
		(i) Except for the FGIC Information (as defined below) and the
		Initial Purchasers Information (as defined below), in each case, included in
		the Preliminary Offering Memorandum, the Preliminary Offering Memorandum, as of
		the Applicable Time, did not contain any untrue statement of a material fact or
		omit to state a material fact necessary to make the statements therein, in the
		light of the circumstances under which they were made, not misleading, and (ii)
		except for the FGIC Information (as defined below) and the Initial Purchasers
		Information (as defined below), in each case, included in the Offering
		Memorandum, the Offering Memorandum, as of the date thereof, did not, and on
		the Closing Date, will not, contain any untrue statement of a material fact or
		omit to state a material fact necessary in order to make the statements
		therein, in the light of the circumstances under which they were made, not
		misleading.
	 

	 
		(b)
	 

	 
		It will make offers and sales of the Class G-1 Notes in compliance with
		all legal requirements and only as described in the Offering Memorandum and the
		Purchase Agreement.
	 

	 
		(c)
	 

	 
		If the Class G-1 Notes are listed on the Irish Stock Exchange, such Class
		G-1 Notes will only be admitted and traded on the Alternative Securities Market
		of the Irish Stock Exchange.
	 

	 
		(d)
	 

	 
		It will not offer or sell the Class G-1 Notes to any person resident or
		incorporated in Ireland or any person that will hold the Class G-1 Notes
		through a branch, agency or other place of business established in Ireland.
	 

	 
		(e)
	 

	 
		As of the Closing Date, its representations and warranties contained in
		the Related Documents (as defined in the Indenture) entered into by the Issuer
		on or prior to the Closing Date will be true and correct in all material
		respects.
	 

	 
		Section 4.
	 

	 
		Representations, Warranties and Agreements of FGIC.  FGIC
		represents and warrants to, and agrees with, the Issuer and each of the Initial
		Purchasers as follows:
	 

	 
		(a)
	 

	 
		Organization and Licensing.  FGIC is duly organized, validly
		existing and in good standing as a New York-domiciled stock insurance company
		duly qualified to conduct an insurance business in every jurisdiction where
		qualification is necessary to accomplish the transactions contemplated by the
		Related Documents (as defined in the Indenture).
	 

	 
		(b)
	 

	 
		Corporate Power.  FGIC has the corporate power and authority
		to issue the Policy to be issued by it and execute and deliver this
		Indemnification Agreement, the Indenture, the Policy Provider Agreement and the
		other Related Documents to be entered by it and to perform all of its
		obligations hereunder and thereunder.
	 

	 
		(c)
	 

	 
		Authorization; Approvals.  FGIC has duly authorized, executed
		and delivered this Indemnification Agreement.
	 

	 
		(d)
	 

	 
		Enforceability.  This Indemnification Agreement constitutes,
		a legal, valid and binding obligation of FGIC, enforceable against it in
		accordance with its terms, except as enforcement may be limited by applicable
		bankruptcy, insolvency, reorganization, moratorium, receivership and other
		similar laws affecting creditors’ rights generally and by general
		principles
	 

	 
		
 

	 

	 
		-2-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		of equity and subject to principles of public policy limiting the right
		to enforce the indemnification provisions contained herein insofar as such
		provisions relate to indemnification for liabilities arising under federal
		securities laws.
	 

	 
		(e)
	 

	 
		Financial Information.  The audited consolidated financial
		statements of FGIC and its subsidiaries as of December 31, 2005 and 2004, and
		for the years ended December 31, 2005 and 2004, and for the periods from
		December 18, 2003 through December 31, 2003 and from January 1, 2003 through
		December 17, 2003 and the unaudited consolidated financial statements of FGIC
		and its subsidiaries as of September 30, 2006 and for the nine month periods
		ended September 30, 2006 and 2005, provided by FGIC to the Issuer and Initial
		Purchasers and  included as Annex A to the Preliminary Offering Memorandum
		and the Offering Memorandum, fairly present in all material respects the
		financial condition of FGIC and its subsidiaries as of such dates and for the
		periods covered by such statements in accordance with U.S. generally accepted
		accounting principles consistently applied. Since December 31, 2005, there has
		been no material change in such financial condition of FGIC or its subsidiaries
		that would materially and adversely affect FGIC’s ability to perform its
		obligations under this Indemnification Agreement.
	 

	 
		(f)
	 

	 
		FGIC Information.  The FGIC Information (as defined below)
		included in the Preliminary Offering Memorandum or the Offering Memorandum does
		not purport to provide the scope of disclosure required to be included by the
		Securities Act of 1933, as amended (the “Securities Act”) with
		respect to a registrant in connection with the offer and sale of securities of
		such registrant.  However, (i) as of the Applicable Time, the FGIC
		Information (as defined below) included in the Preliminary Offering Memorandum
		was true and correct in all material respects and did not contain any untrue
		statement of a material fact or omit to state a material fact necessary in
		order to make the statements therein, in light of the circumstances under which
		they were made, not misleading and (ii) as of the date of the Offering
		Memorandum and as of the Closing Date, the FGIC Information (as defined below)
		included in the Offering Memorandum is and will be true and correct in all
		material respects and does not and will not contain any untrue statement of a
		material fact or omit to state a material fact necessary in order to make the
		statements therein, in light of the circumstances under which they were made,
		not misleading.  FGIC acknowledges and agrees that it has provided to the
		Issuer the FGIC Information for inclusion in the Preliminary Offering
		Memorandum or the Offering Memorandum, as the case may be, and consents to the
		inclusion in the Preliminary Offering Memorandum and the Offering Memorandum of
		the related FGIC Information provided by FGIC.  For purposes of this
		Indemnification Agreement, “FGIC Information” shall mean (i)
		with respect to the Preliminary Offering Memorandum, the information included
		in or incorporated by reference into the Preliminary Offering Memorandum under
		the caption “Description of the Policy Provider” including the
		financial statements of FGIC provided by FGIC to the Issuer and the Initial
		Purchasers and attached as Annex 1 to the Preliminary Offering Memorandum and
		(ii) with respect to the Offering Memorandum, the information included in or
		incorporated by reference into the Offering Memorandum under the caption
		“Description of the Policy Provider” including the financial
		statements of FGIC provided by FGIC to the Issuer and the Initial Purchasers
		and attached as Annex 1 to the Offering Memorandum.  
	 

	 
		(g)
	 

	 
		No Litigation.  There are no actions, suits, proceedings or
		investigations pending or, to the best of FGIC’s knowledge, threatened
		against it at law or in equity or before or by any court, governmental agency,
		board or commission or any arbitrator which, if decided
	 

	 
		
 

	 

	 
		-3-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		adversely, would materially and adversely affect its ability to perform
		its obligations under this Indemnification Agreement.
	 

	 
		(h)
	 

	 
		Exemption from Registration.  The Policy to be issued by FGIC
		is exempt from registration under the Securities Act.
	 

	 
		(i)
	 

	 
		No Conflicts.  Neither the execution or delivery by FGIC of
		this Indemnification Agreement, nor the performance by FGIC of its obligations
		hereunder, will conflict with any provision of the certificate of incorporation
		or the by-laws of FGIC or result in a breach of, or constitute a default under,
		any material agreement or other instrument to which FGIC is a party or by which
		any of its property is bound, or violate any law or regulation applicable to
		FGIC of any governmental or regulatory body or administrative agency having
		jurisdiction over FGIC, except for any such conflict, breach, default or
		violation which would not materially impair FGIC’s ability to perform its
		obligations under this Indemnification Agreement.
	 

	 
		(j)
	 

	 
		Compliance with Law, Etc.  No practice, procedure or policy
		employed by FGIC in the conduct of its business violates any law, regulation,
		judgment, agreement, order or decree applicable to FGIC that, if enforced,
		would materially and adversely affect FGIC’s ability to perform its
		obligations under this Indemnification Agreement.
	 

	 
		Section 5.
	 

	 
		Indemnification and Contribution.  
	 

	 
		(a)
	 

	 
		(a)  FGIC agrees to indemnify and hold harmless (i) each
		Initial Purchaser (and its officers, directors, employees and agents) and each
		person, if any, who controls such Initial Purchaser within the meaning of
		either Section 15 of the Securities Act or Section 20 of the Securities
		Exchange Act of 1934, as amended (the “Exchange Act”) and
		(ii) the Issuer and its directors and each person, if any, who controls
		the Issuer within the meaning of either Section 15 of the Securities Act
		or Section 20 of the Exchange Act, from and against any and all losses,
		claims, damages and liabilities (including, without limitation, any legal or
		other expenses reasonably incurred by any Initial Purchasers or the Issuer or
		any such controlling person in connection with defending or investigating any
		such action or claim) caused by any untrue statement or alleged untrue
		statement of a material fact contained in the FGIC Information included in the
		Preliminary Offering Memorandum or the Offering Memorandum, or caused by any
		omission or alleged omission to state therein a material fact necessary to make
		the statements therein, in the light of circumstances under which they were
		made, not misleading or caused by a breach of any of the representations of
		FGIC contained in Section 4 hereof.
	 

	 
		(b)
	 

	 
		Each Initial Purchaser agrees, severally and not jointly, to indemnify
		and hold harmless FGIC (and its officers, directors, shareholders, employees
		and agents) and each person, if any, who controls FGIC within the meaning of
		either Section 15 of the Securities Act or Section 20 of the Exchange Act, from
		and against any and all losses, claims, damages and liabilities (including,
		without limitation, any legal or other expenses reasonably incurred by FGIC or
		any such controlling person in connection with defending or investigating any
		such action or claim) caused by any untrue statement or alleged untrue
		statement of a material fact contained in the information appearing on the
		fourth and fifth sentences under paragraph 10 (concerning market making
		activities) and paragraph 11 (concerning stabilization) under the heading
		“Plan of Distribution” (the “Initial Purchasers’
		Information”), in each case, included in the Preliminary Offering
		Memorandum or the Offering Memorandum, or caused by any
	 

	 
		
 

	 

	 
		-4-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		omission or alleged omission to state therein a material fact necessary
		to make the statements therein, in the light of circumstances under which they
		were made, not misleading or caused by a breach of any of the representations
		of such Initial Purchaser contained in Section 2 hereof.
	 

	 
		(c)
	 

	 
		Except for the FGIC Information and the Initial Purchasers Information
		included in the Preliminary Offering Memorandum or the Offering Memorandum, the
		Issuer agrees to indemnify and hold harmless FGIC, each of its officers,
		directors, shareholders, employees, agents and each person, if any, who
		controls FGIC within the meaning of either Section 15 of the Securities
		Act or Section 20 of the Exchange Act from and against any and all losses,
		claims, damages and liabilities (including, without limitation, any legal or
		other expenses reasonably incurred by FGIC or any such controlling person in
		connection with defending or investigating any such action or claim) caused by
		any untrue statement or alleged untrue statement of a material fact contained
		in the Preliminary Offering Memorandum or Offering Memorandum or by any
		omission or alleged omission to state therein a material fact necessary in
		order to make the statements therein, in the light of the circumstances under
		which they were made, not misleading or caused by a breach of any of the
		representations of the Issuer contained in Section 3 hereof.
	 

	 
		(d)
	 

	 
		In case any proceeding (including any governmental investigation) shall
		be instituted involving any person in respect of which indemnity may be sought
		pursuant to any of the three preceding paragraphs, such person (the
		“indemnified party”) shall promptly notify the person against whom
		such indemnity may be sought (the “indemnifying party”) in writing;
		provided that the failure to notify the indemnifying party shall not relieve it
		from any liability that it may have under this Section 5 except to the extent
		that it has been materially prejudiced (through the forfeiture of substantive
		rights or defenses) by such failure; provided further that the failure to
		notify the indemnifying party shall not relieve it from any liability that it
		may have to an indemnified party other than under this Section 5.  An
		indemnifying party may participate at its own expense in the defense of such
		action.  If it so elects within a reasonable time after receipt of such
		notice, an indemnifying party, jointly with any other indemnifying parties
		receiving such notice, may, except as provided in the immediately following
		sentence, assume the defense of such action, with counsel reasonably
		satisfactory to the indemnified party to represent the indemnified party and
		any others the indemnifying party may designate in such proceeding and shall
		pay the fees and disbursements of such counsel related to such proceeding.
		 In any such proceeding, any indemnified party shall have the right to
		retain its own counsel, but the fees and expenses of such counsel shall be at
		the expense of such indemnified party unless (i) the indemnifying party
		and the indemnified party shall have mutually agreed to the retention of such
		counsel, (ii) the indemnifying party has failed within a reasonable time to
		retain counsel reasonably satisfactory to the indemnified party or
		(iii) the named parties to any such proceeding (including any impleaded
		parties) include both the indemnifying party and the indemnified party and
		representation of both parties by the same counsel would be inappropriate due
		to actual or potential differing interests between them.  It is understood
		that the indemnifying party shall not, in respect of the legal expenses of any
		indemnified party in connection with any proceeding or related proceedings in
		the same jurisdiction, be liable for the fees and expenses of more than one
		separate firm (in addition to any local counsel) for all such indemnified
		parties and that all such fees and expenses shall be reimbursed as they are
		incurred.  Subject to the second preceding sentence hereto, such firm
		shall be designated in writing by Citigroup Global Markets Inc., as the
		representative of the Initial Purchasers, in the case of parties indemnified
		pursuant to paragraph (a) above.  The indemnifying party shall not be
		liable for any settlement of any proceeding
	 

	 
		
 

	 

	 
		-5-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		effected without its written consent, which shall not be unreasonably
		withheld, but if settled with such consent or if there be a final judgment for
		the plaintiff, the indemnifying party agrees to indemnify the indemnified party
		from and against any loss or liability by reason of such settlement or
		judgment.  No indemnifying party shall, without the prior written consent
		of the indemnified party, effect any settlement of any pending or threatened
		proceeding in respect of which any indemnified party is or could have been a
		party and indemnity could have been sought hereunder by such indemnified party,
		unless such settlement (i) includes an unconditional release of such
		indemnified party from all liability on claims that are the subject matter of
		such proceeding and (ii) does not include an admission or statement of fault,
		culpability or a failure to act by or in behalf of any indemnified party.
	 

	 
		(e)
	 

	 
		If the indemnification provided for in paragraphs (a), (b) or (c) of this
		Section 5 is unavailable to an indemnified party or insufficient in respect of
		any losses, claims, damages or liabilities referred to therein, then each
		indemnifying party under such paragraph, in lieu of, or in addition to,
		indemnifying such indemnified party thereunder, shall contribute to the amount
		paid or payable by such indemnified party as a result of such losses, claims,
		damages or liabilities (i) in the case of the indemnities provided in
		paragraphs (a) (as between FGIC and the Initial Purchasers) and (b) (A) in
		such proportion as is appropriate to reflect the relative benefits received by
		FGIC on the one hand and the Initial Purchasers on the other hand from the
		offering of the Class G-1 Notes or (B) if the allocation provided by
		clause (A) of this clause (i) is not permitted by applicable law, in such
		proportion as is appropriate to reflect not only the relative benefits referred
		to in clause (A) of this clause (i) but also the relative fault of FGIC on the
		one hand and of the Initial Purchasers on the other hand in connection with the
		statements or omissions that resulted in such losses, claims, damages or
		liabilities, as well as any other relevant equitable considerations
		and (ii) in the case of the indemnities provided in paragraphs (a) (as
		between FGIC and the Issuer) and (c), (A) in such proportion as is
		appropriate to reflect the relative benefits received by FGIC on the one hand
		and the Issuer on the other hand from the offering of the Class G-1 Notes or
		(B) if the allocation provided by clause (A) of this clause (ii) is not
		permitted by applicable law, in such proportion as is appropriate to reflect
		not only the relative benefits referred to in clause (A) of this clause (ii)
		but also the relative fault of FGIC on the one hand and the Issuer on the other
		hand in connection with the statements or omissions that resulted in such
		losses, claims, damages or liabilities, as well as any other relevant equitable
		considerations.  The relative benefits received by FGIC shall be deemed to
		be the aggregate amount of premiums paid to FGIC in respect of the Policy
		through the applicable date of determination of such relative benefits less any
		amount paid by FGIC under such Policy through such date.  The relative
		benefits received by the Issuer on the one hand and the Initial Purchasers on
		the other hand in connection with the offering of the Class G-1 Notes shall be
		deemed to be in the same proportion as the aggregate offering price of the
		Class G-1 Notes bears to the total underwriting discounts and commissions
		received by the Initial Purchasers in respect of the Class G-1 Notes.  The
		relative fault of FGIC, the Issuer or the Initial Purchasers shall be
		determined by reference to, among other things, whether the untrue or alleged
		untrue statement of a material fact or the omission or alleged omission to
		state a material fact relates to information supplied by FGIC or the Issuer or
		the Initial Purchasers’ Information, as the case may be, and the
		parties’ relative intent, knowledge, access to information and opportunity
		to correct or prevent such statement or omission.  The Initial
		Purchasers’ respective obligations to contribute pursuant to this Section
		5 are several in proportion to the respective principal amounts of the Class
		G-1 Notes they have purchased pursuant to the Purchase Agreement and not joint;

	 

	 
		
 

	 

	 
		-6-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		provided that the foregoing provision does not affect FGIC’s right
		to seek contribution based on any Initial Purchaser’s relative fault.
	 

	 
		(f)
	 

	 
		The Issuer, FGIC and the Initial Purchasers agree that it would not be
		just or equitable if contribution pursuant to this Section 5 were
		determined by pro rata allocation (even if the Initial Purchasers were
		treated as one entity for such purpose) or by any other method of allocation
		that does not take account of the equitable considerations referred to in
		paragraph (e) above.  The amount paid or payable by an indemnified party
		as a result of the losses, claims, damages and liabilities referred to in
		paragraph (e) above shall be deemed to include, subject to the limitations set
		forth above, any legal or other expenses reasonably incurred by such
		indemnified party in connection with investigating or defending any such action
		or claim.  Notwithstanding the provisions of this Section 5, no
		Initial Purchaser shall be required to contribute hereunder any amount in
		excess of the amount by which the total discounts and commissions received by
		it with respect to the Class G-1 Notes exceeds the amount of any damages that
		such Initial Purchaser has otherwise been required to pay by reason of such
		untrue or alleged untrue statement or omission or alleged omission.  No
		person guilty of fraudulent misrepresentation (within the meaning of Section 11
		(f) of the Securities Act) shall be entitled to contribution from any person
		who was not guilty of such fraudulent misrepresentation.  The remedies
		provided for in this Section 5 are not exclusive and shall not limit any
		rights or remedies which may otherwise be available to any indemnified party at
		law or in equity.
	 

	 
		(g)
	 

	 
		The indemnity and contribution provisions contained in this Section 5 and
		the representations and warranties of the parties hereto contained in this
		Indemnification Agreement shall remain operative and in full force and effect
		regardless of (i) any termination of this Indemnification Agreement,
		(ii) any investigation or statement as to the results of any investigation
		made by or on behalf of (A) any Initial Purchaser or any person
		controlling any Initial Purchaser, (B) FGIC, its officers or directors or
		any person controlling FGIC or (C) the Issuer, its directors or any person
		controlling the Issuer and (iii) acceptance of and payment for any of the
		Class G-1 Notes.
	 

	 
		Section 6.
	 

	 
		Amendments, Etc.  This Indemnification Agreement may be
		amended, modified, supplemented or terminated only by written instrument or
		written instruments signed by the parties hereto.
	 

	 
		Section 7.
	 

	 
		Notices.  All demands, notices and other communications to be
		given hereunder shall be in writing (except as otherwise specifically provided
		herein) and shall be mailed by registered mail or personally delivered and
		telecopied to the recipient as follows:
	 

	 
		(a)
	 

	 
		To Issuer:
	 

	 
		
 

	 

	 
		-7-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		Genesis Funding Limited
	 

	 
		c/o Codan Services Limited
	 

	 
		Clarendon House
	 

	 
		2 Church Street
	 

	 
		Hamilton, HM11
	 

	 
		Bermuda
	 

	 
		Attention:  
	 

	 
		Company Secretary
	 

	 
		Facsimile:  +1 (441) 292-6720
	 

	 
		

	 

	 
		With copies to:
	 

	 
		

	 

	 
		Genesis Lease Limited
	 

	 
		25/28 North Wall Quay
	 

	 
		International Financial Services Centre
	 

	 
		Dublin 1
	 

	 
		Ireland
	 

	 
		Attention:  
	 

	 
		Company Secretary
	 

	 
		Facsimile:  +353 (1) 649-2649
	 

	 
		

	 

	 
		and
	 

	 
		

	 

	 
		Weil, Gotshal & Manges LLP
 757 Fifth Avenue
	 

	 
		New York, NY 10153
	 

	 
		Attention:  
	 

	 
		David S. Lefkowitz
	 

	 
		Facsimile:  
	 

	 
		(212) 310-8007
	 

	 
		(b)
	 

	 
		To FGIC:
	 

	 
		 
	 

	 
		Financial Guaranty Insurance Company
 125 Park Avenue
 New York, NY
		 10017
 Attention:
	 

	 
		Surveillance, Commercial Structured Finance
 Facsimile:
	 

	 
		(212) 312-3220
	 

	 
		With a copy to:
	 

	 
		Latham & Watkins LLP
 885 Third Avenue
 New York, NY 10022

		Attention: Kevin T. Fingeret
 Facsimile: (212) 751-4864
	 

	 
		(c)
	 

	 
		To the Initial Purchasers:
	 

	 
		Citigroup Global Markets Inc.
	 

	 
		388 Greenwich Street
	 

	 
		New York, NY 10013
	 

	 
		
 

	 

	 
		-8-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		Attention: General Counsel
 Telephone: (212) 816-6000
Facsimile:
		 (212) 816-7912
	 

	 
		

	 

	 
		With a copy to:
	 

	 
		

	 

	 
		Milbank, Tweed, Hadley and McCloy LLP
	 

	 
		One Chase Manhattan Plaza
	 

	 
		New York, NY 10005-1413
	 

	 
		Attention: Douglas Tanner
 Facsimile: (212) 530-5219
	 

	 
		

	 

	 
		A party may specify an additional or different address or addresses by
		writing mailed or delivered to the other parties as aforesaid.  All such
		notices and other communications shall be effective upon receipt.  All
		such notices telecopied shall be effective upon acknowledgment of receipt
		electronically confirmed by the sender’s telecopy machine.
	 

	 
		Section 8.
	 

	 
		Severability.  In the event that any provision of this
		Indemnification Agreement shall be held invalid or unenforceable by any court
		of competent jurisdiction, the parties hereto agree that such holding shall not
		invalidate or render unenforceable any other provision hereof.  The
		parties hereto further agree that the holding by any court of competent
		jurisdiction that any remedy pursued by any party hereto is unavailable or
		unenforceable shall not affect in any way the ability of such party to pursue
		any other remedy available to it.
	 

	 
		Section 9.
	 

	 
		Governing Law.  This Indemnification Agreement shall be
		governed by and construed in accordance with the laws of the State of New York.

	 

	 
		Section 10.
	 

	 
		Counterparts.  This Indemnification Agreement may be executed
		in counterparts by the parties hereto, and all such counterparts shall
		constitute one and the same instrument.
	 

	 
		Section 11.
	 

	 
		Headings.  The headings of Sections contained in this
		Indemnification Agreement are provided for convenience only.  They form no
		part of this Indemnification Agreement and shall not affect its construction or
		interpretation.
	 

	 
		Section 12.
	 

	 
		Miscellaneous.  This Indemnification Agreement shall inure to
		the benefit of and be binding upon the parties hereto and their respective
		successors and permitted assigns and the officers, directors, shareholders,
		employees, agents and controlling persons referred to in Section 5 hereof, and
		no other person shall have any right or obligation hereunder.  The Issuer
		and the Initial Purchasers may not assign their respective rights under this
		Indemnification Agreement, or delegate any of their duties hereunder, without
		the prior written consent of the other parties hereto.  Any assignments
		made in violation of this Indemnification Agreement shall be null and void.
		 This Indemnification Agreement supersedes all prior agreements or
		understandings entered into by FGIC relating to the subject matter hereof.
	 

	 
		Section 13.
	 

	 
		Limitation of Liability.
	 

	 
		
 

	 

	 
		-9-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		

	 

	 
		(a)
	 

	 
		Notwithstanding anything herein to the contrary, the parties hereto agree
		that the obligations of the Issuer herein shall be limited in amount and
		recourse to the extent of available Collections (as defined in the Preliminary
		Offering Memorandum and the Offering Memorandum) and as described in
		“Description of Notes — Priority of Payments” in the Preliminary
		Offering Memorandum and the Offering Memorandum.
	 

	 
		

	 

	 
		(b)
	 

	 
		Notwithstanding anything herein to the contrary, the parties hereto agree
		that no recourse under any obligation, covenant or agreement under this
		Indemnification Agreement shall be had against any incorporator, shareholder,
		officer, director, or employee of any of the parties hereto, as such, by
		enforcement of any assessment or by any legal or equitable proceeding, by
		virtue of any statute or otherwise, it being expressly agreed and understood
		that:  (i) the obligations of any party hereto are solely the corporate
		obligations of such party; (ii) no personal liability whatever shall attach to
		or be incurred by the incorporators, shareholders, officers, directors or
		employees of any of the parties hereto, as such, under or by reason of any
		obligation, covenant or agreement under this Indemnification Agreement or
		implied therefrom; and (iii) any and all personal liability of any such
		incorporator, shareholder, officer, director, or employee for breaches by any
		party hereto of any of its obligations, covenants or agreements hereunder,
		either at common law or at equity, or by statute or constitution, is hereby
		expressly waived as a condition of and in consideration for the execution of
		this Indemnification Agreement.
	 

	 
		
 

	 

	 
		-10-
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		IN WITNESS WHEREOF, the parties hereto have executed this Indemnification
		Agreement, all as of the day and year first above mentioned.
	 

	 
		

	 

	 
		

	 

	 
		GENESIS FUNDING LIMITED
	 

	 
		

	 

	 
		

	 

	 
		By: ______________________________
	 

	 
		Name:
	 

	 
		Title:
	 

	 
		FINANCIAL GUARANTY INSURANCE COMPANY

	 

	 
		
 
 By: ______________________________ 
 
	 

	 
		Name:
	 

	 
		Title:
	 

	 
	 

	 
		

	 

	 
		

	 

	 
		CITIGROUP GLOBAL MARKETS INC.
 
 
 By:
		______________________________ 
 
	 

	 
		Name:
	 

	 
		Title:
	 

	 
	 

	 
		

	 

	 
		WACHOVIA CAPITAL MARKETS LLC
	 

	 
		
 
 By: ______________________________ 
 
	 

	 
		Name:
	 

	 
		Title:
	 

	 
	 

	 
		

	 

	 
		J.P. MORGAN SECURITIES INC.
	 

	 
		
 
 By: ______________________________ 
 
	 

	 
		Name:
	 

	 
		Title:
	 

	 
	 

	 
		

	 

	 
		
 

	 

	 
		

	 

	 
		  
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		CREDIT SUISSE SECURITIES (USA), INC.
	 

	 
		

	 

	 
		
 By: ______________________________ 
 
	 

	 
		Name:
	 

	 
		Title:

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