SEC Contract Filing

Filing Date: 2022-04-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d321148dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution Version </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SEVENTH
AMENDMENT AND EXTENSION AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SEVENTH AMENDMENT AND EXTENSION AGREEMENT, dated as of April&nbsp;26, 2022 (this
&#147;<U>Agreement</U>&#148;), to the Second Amended and Restated Credit Agreement, dated as of May&nbsp;5, 2014 as amended by the First Amendment dated as of June&nbsp;1, 2015, the Second Amendment dated as of May&nbsp;27, 2016, the Third Amendment
and Extension Agreement dated as of May&nbsp;2, 2017, the Fourth Amendment and Extension Agreement dated as of May&nbsp;2, 2018, the Fifth Amendment and Extension Agreement dated as of May&nbsp;3, 2019 and the Sixth Amendment and Extension
Agreement, dated as of April&nbsp;29, 2021 (the &#147;<U>Existing Credit Agreement</U>&#148; and as further amended, supplemented or modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), among AIR LEASE CORPORATION, a Delaware
corporation (the &#147;<U>Borrower</U>&#148;), the several lenders from time to time parties thereto (the &#147;<U>Lenders</U>&#148;), JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, the &#147;<U>Administrative
Agent</U>&#148;) and the other parties thereto. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W I T N E S S E T H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Existing Credit Agreement, the Lenders agreed to make, and have made, certain loans and other extensions of credit to
the Borrower; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has delivered an extension request notice dated as of April&nbsp;18, 2022 to the Administrative Agent
requesting an extension of the Termination Date under the Credit Agreement and the Lenders party to this Agreement are willing to extend the Termination Date applicable to each such Lender on the terms set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Administrative Agent has delivered a notice of Early <FONT STYLE="white-space:nowrap">Opt-In</FONT> Election to the Borrower and
the Lenders at least six (6)&nbsp;Business Days prior to the date hereof and Lenders comprising Required Lenders have not given written notice of objection to such Early <FONT STYLE="white-space:nowrap">Opt-In</FONT> Election; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has requested that certain provisions of the Existing Credit Agreement be amended as set forth herein and the Required
Lenders are willing to agree to such amendments on the terms set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Administrative Agent, in consultation with
the Borrower, desires to make certain Benchmark Conforming Changes to the Existing Credit Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, each of the Lenders listed
in <U>Exhibit B</U> (the &#147;<U>Increasing Commitment Lenders</U>&#148;) now desires to increase its Commitment under the Credit Agreement pursuant to Section&nbsp;2.1(d) thereof that provides that any Lender may increase its Commitment under the
Credit Agreement with the consent of the Borrower and the Administrative Agent; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, each of the financial institutions listed in
<U>Exhibit C</U> (the &#147;<U>New Lenders</U>&#148;) now desires to become a party to the Credit Agreement pursuant to Section&nbsp;2.1(c) thereof, that provide that any bank, financial institution or other entity may become a party to the Credit
Agreement with the consent of the Borrower and the Administrative Agent (which consent of the Administrative Agent shall not be unreasonably withheld); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, the parties hereto hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 1.&nbsp;<U>Defined Terms</U>. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Existing Credit Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Extension</U>. Each of the Lenders party to this Agreement hereby agrees to
extend, effective as of the Effective Date (as defined below), its Termination Date under the Credit Agreement to May&nbsp;5, 2026 pursuant to Section&nbsp;2.1(g) of the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">SECTION 3. <