SEC Contract Filing

Filing Date: 2024-03-15

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<DIV><FONT size="1" style="font-size:1pt;color:white">[*] Indicates that certain information in this exhibit has been excluded because it is both (i) not material and (ii) is the type that the registrant treats as private or confidential. EXECUTION VERSION ADMINISTRATIVE AGENCY AGREEMENT dated as of October 31, 2023 among WILLIS ENGINE STRUCTURED TRUST VII, WILLIS LEASE FINANCE CORPORATION, as the Administrative Agent U.S. BANK NATIONAL ASSOCIATION, as the Indenture Trustee and the Security Trustee and EACH MANAGED GROUP MEMBER i Table of Contents Page ARTICLE 1 DEFINITIONS ............................................................................................................1 SECTION 1.01 Definitions..............................................................................................1 ARTICLE 2 APPOINTMENT; ADMINISTRATIVE SERVICES ................................................1 SECTION 2.01 Appointment ..........................................................................................1 SECTION 2.02 Limitations .............................................................................................2 SECTION 2.03 General Services ....................................................................................3 SECTION 2.04 Bank Account Management and Calculation Services ..........................8 SECTION 2.05 Accounting Services ............................................................................12 SECTION 2.06 Additional Administrative Services .....................................................14 SECTION 2.07 Replacement Asset ...............................................................................14 SECTION 2.08 New Subsidiaries .................................................................................15 SECTION 2.09 Responsibility of WEST and each other Managed Group Member ................................................................................................15 ARTICLE 3 STANDARD OF PERFORMANCE; LIABILITY AND INDEMNITY .................16 SECTION 3.01 Standard of Performance......................................................................16 SECTION 3.02 Conflicts of Interest..............................................................................16 SECTION 3.03 Liability and Indemnity........................................................................16 ARTICLE 4 REPRESENTATIONS AND WARRANTIES .........................................................18 SECTION 4.01 Representations and Warranties by Administrative Agent ..................18 ARTICLE 5 ADMINISTRATIVE AGENT UNDERTAKINGS..................................................18 SECTION 5.01 Administrative Agent Undertakings ....................................................18 ARTICLE 6 UNDERTAKINGS OF ISSUER GROUP ................................................................21 SECTION 6.01 Cooperation ..........................................................................................21 SECTION 6.02 Information ..........................................................................................21 SECTION 6.03 Scope of Services .................................................................................21 SECTION 6.04 Ratification ...........................................................................................22 SECTION 6.05 Covenants .............................................................................................22 SECTION 6.06 Ratification by Subsidiaries .................................................................23 ARTICLE 7 ADMINISTRATION FEES AND EXPENSES .......................................................23 SECTION 7.01 Administration Fees .............................................................................23 SECTION 7.02 Expenses ..............................................................................................24 ii SECTION 7.03 Payment of Expenses ...........................................................................24 ARTICLE 8 TERM; REMOVAL OF OR TERMINATION BY THE ADMINISTRATIVE AGENT ...............................................................................24 SECTION 8.01 Term .....................................................................................................24 SECTION 8.02 Right to Terminate ...............................................................................24 SECTION 8.03 Consequences of Termination..............................................................26 SECTION 8.04 Survival ................................................................................................27 ARTICLE 9 ASSIGNMENT AND DELEGATION .....................................................................27 SECTION 9.01 Assignment and Delegation .................................................................27 ARTICLE 10 MISCELLANEOUS ...............................................................................................27 SECTION 10.01 Notices .................................................................................................27 SECTION 10.02 Governing Law ....................................................................................29 SECTION 10.03 Jurisdiction ...........................................................................................29 SECTION 10.04 Waiver of Jury Trial .............................................................................29 SECTION 10.05 Counterparts; Third Party Beneficiaries .............................................30