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EXHIBIT 4.27
CLASS A-2 CERTIFICATE
REGISTERED $325,328,000
Fractional Undivided Interest
No. R - 1
CUSIP NO. 909317AS8
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN.
TRANSFERS OF THIS CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS CERTIFICATE SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
SECTIONS 3.05 AND 3.06 OF THE PASS THROUGH TRUST AGREEMENT REFERRED TO
HEREIN.
EITHER: (A) THE HOLDER IS NOT ACQUIRING THIS CERTIFICATE OR AN INTEREST
HEREIN WITH PLAN ASSETS OF ANY PLAN OR AN INDIVIDUAL RETIREMENT PLAN
SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
AS AMENDED (THE "CODE"); OR (B) THE HOLDER'S PURCHASE AND HOLDING OF THIS
CERTIFICATE OR AN INTEREST HEREIN IS EXEMPT FROM THE PROHIBITED TRANSACTION
RESTRICTIONS OF SECTION 406(A) OF ERISA AND SECTION 4975 OF THE CODE BY AN
ADMINISTRATIVE CLASS PROHIBITED TRANSACTION EXEMPTION GRANTED BY THE
DEPARTMENT OF LABOR.
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UNITED AIRLINES 2000-1A-2 ENHANCED PASS THROUGH TRUST
UNITED AIRLINES ENHANCED PASS
THROUGH CERTIFICATE, SERIES 2000-1A-2
Final Expected Regular Distribution Date: July 1, 2010
evidencing a fractional undivided interest in a trust, the property of which
includes certain equipment notes each secured by an Aircraft owned by United Air
Lines, Inc. and a promissory note issued by AFE Trust ("AFE Note").
THIS CERTIFIES THAT CEDE & CO., for value received, is the registered
owner of a THREE HUNDRED TWENTY-FIVE MILLION, THREE HUNDRED TWENTY-EIGHT
THOUSAND DOLLARS ($325,328,000) Fractional Undivided Interest in the United
Airlines 2000-1A-2 Pass Through Trust (the "Trust") created by State Street Bank
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and Trust Company of Connecticut, National Association, as trustee (the
"Trustee") pursuant to a Pass Through Trust Agreement, dated as of July 31, 2000
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(the "Basic Agreement"), as supplemented by Trust Supplement No. 2000-1A-2
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(collectively, the "Agreement") between the Trustee and United Air Lines, Inc.,
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a Delaware corporation (the "Company"), a summary of certain of the pertinent
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provisions of which is set forth below. To the extent not otherwise defined
herein, the capitalized terms used herein have the meanings assigned to them in
the Agreement. This Certificate is one of the duly authorized Certificates
designated as "United Airlines Enhanced Pass Through Certificates, Series 2000-
1A-2" (the "Certificates"). This Certificate is issued under and is subject to
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the terms, provisions and conditions of the Agreement.
By virtue of its acceptance hereof, the Certificateholder of this
Certificate assents to and agrees to be bound by the provisions of the
Agreement, the Intercreditor Agreement, the AFE Note Purchase Agreement and the
United Equipment Note Purchase Agreement. The property of the Trust includes
(i) certain Equipment Notes, the AFE Note and all monies at any time paid
thereon and all monies due and to become due thereunder, (ii) funds from time to
time deposited in the related Escrow Account, the related Certificate Account
and the related Special Payments Account, (iii) all rights of such Trust and the
Trustee, on behalf of such Trust, under the Intercreditor Agreement, the AFE
Note Purchase Agreement and the United Equipment Note Purchase Agreement,
including all rights to receive certain payments thereunder and all monies paid
to such Trustee on behalf of such Trust pursuant to the Intercreditor Agreement,
the AFE Note Purchase Agreement and the United Equipment Note Purchase Agreement
and (iv) all monies receivable by the Subordination Agent under the Liquidity
Facility for the Trust (the "Trust Property"). Each issue of the Trust Owned
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Notes is secured directly or indirectly by, among other things, a security
interest in the Aircraft leased to or owned by the Company.
The Certificates represent Fractional Undivided Interests in the
Trust, all other trusts of the same class and the Trust Property, and have no
rights, benefits or interest in respect of any assets or property of any trust
of another class.
Interest applicable to this Certificate will be payable at a rate
equal to 7.730%.
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Subject to and in accordance with the terms of the Agreement, the
Intercreditor Agreement, the AFE Note Purchase Agreement and the United
Equipment Note Purchase Agreements, from and to the extent of funds then
available to the Trustee, there shall be distributed on each January 1 and July
1 (a "Regular Distribution Date"), commencing on January 1, 2001, to the Person
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in whose name this Certificate is registered at the close of business on the
15th day preceding such Regular Distribution Date, an amount in respect of the
Scheduled Payments on the Trust Owned Notes due on such Regular Distribution
Date, the receipt of which has been confirmed by the Trustee, equal to the
product of the percentage interest in the Trust evidenced by this Certificate
and an amount equal to the sum of such Scheduled Payments. Subject to and in
accordance with the terms of the Agreement, the Intercreditor Agreement, the AFE
Note Purchase Agreement and the United Equipment Note Purchase Agreement, if
Special Payments on the Trust Owned Notes are received by the Trustee, from
funds then available to the Trustee, there shall be distributed on the
applicable Special Distribution Date, to the Person in whose name this
Certificate is registered at the close of business on the 15th day preceding the
Special Distribution Date, an amount in respect of such Special Payments on the
Trust Owned Notes, the receipt of which has been confirmed by the Trustee, equal
to the product of the percentage interest in the Trust evidenced by this
Certificate and an amount equal to the sum of such Special Payments so received.
If a Regular Distribution Date or Special Distribution Date is not a Business
Day, distribution shall be made on the next Business Day with the same force and
effect as if made on such Regular Distribution Date or Special Distribution Date
and interest shall accrue during the intervening period. The Trustee shall mail
notice of each Special Payment and the Special Distribution Date therefor to the
Certificateholder of this Certificate.
Except as otherwise provided in the Agreement and notwithstanding the
above, the final distribution on this Certificate shall be made after notice
mailed by the Trustee of the pendency of such distribution and only upon
presentation and surrender of this Certificate at the office or agency of the
Trustee specified in such notice.
THE AGREEMENT AND THIS CERTIFICATE SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAWS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW
YORK GENERAL OBLIGATIONS LAW)) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
HOLDER OF THIS CERTIFICATE UNDER THE AGREEMENT SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.
Reference is hereby made to the further provisions of this Certificate
set forth in the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
Unless the certificate of authentication hereon has been executed by
the Trustee, by manual signature, this Certificate shall not be entitled to any
benefit under the Agreement or be valid or obligatory for any purpose.
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IN WITNESS WHEREOF, the Trustee, on behalf of the Issuer and not in
its individual capacity, has caused this Certificate to be duly executed.
UNITED AIRLINES 2000-1A-2 PASS
THROUGH TRUST
By: STATE STREET BANK AND TRUST COMPANY OF
CONNECTICUT, NATIONAL ASSOCIATION, not in its
individual capacity but solely as Trustee
Dated: __________________ By:______________________________________
Name:_________________________________
Title:________________________________
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TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Trust
Agreement.
<TABLE>
<S> <C>
State Street Bank and Trust Company State Street Bank and Trust Company of
of Connecticut, National Association, Connecticut, National Association,
not in its individual capacity but solely not in its individual capacity but solely
as Trustee as Trustee
By:_________________________________ By:____________________________________
Authenticating Agent
By: ___________________________________
</TABLE>
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[REVERSE OF CERTIFICATE]
The Certificates do not represent a direct obligation of, or an
obligation guaranteed by, or an interest in, the Company or the Trustee or any
of their Affiliates. The Certificates are limited in right or payment, all as
more specifically set forth on the face hereof and in the Agreement. All
payments or distributions made to Certificateholders under the Agreement shall
be made only from the Trust Property and only to the extent that the Trustee
shall have sufficient income or proceeds from the Trust Property to make such
payments in accordance with the terms of the Agreement. Each Certificateholder
of this Certificate, by its acceptance hereof, agrees that it shall look solely
to the income and proceeds from the Trust Property to the extent available for
distribution to such Certificateholder as provided in the Agreement. This
Certificate does not purport to summarize the Agreement and reference is made to
the Agreement for information with respect to the interests, rights, benefits,
obligations, proceeds and duties evidenced hereby. A copy of the Agreement may
be examined during normal business hours at the principal office of the Trustee,
and at such other places, if any, designated by the Trustee, by any
Certificateholder upon request.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Agreement at any time
by the Company and the Trustee with the consent of the Certificateholders
holding Certificates evidencing Fractional Cumulative Interests aggregating not
less than a majority in interest in the Trust. Any such consent by the
Certificateholder of this Certificate shall be conclusive and binding on such
Certificateholder and upon all future Certificateholders of this Certificate and
of any Certificate issued upon the transfer hereof or in exchange hereof or in
lieu hereof whether or not notation of such consent is made upon this
Certificate. The Agreement also permits the amendment thereof, in certain
limited circumstances, without the consent of the Certificateholders of any of
the Certificates.
As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies maintained by the Trustee in its capacity as Registrar, or
by any successor Registrar, at its Corporate Trust Office, duly endorsed or
accompanied by a written instrument of transfer in form satisfactory to the
Trustee and the Registrar duly executed by the Certificateholder hereof or such
Certificateholder's attorney duly authorized in writing, and thereupon one or
more new Certificates of authorized denominations evidencing the same aggregate
Fractional Undivided Interest in the Trust shall be issued to the designated
transferee or transferees.
The Certificates are issuable only as registered Certificates without
coupons in minimum denominations of $1,000 Fractional Undivided Interest and
integral multiples of $1,000 in excess thereof. As provided in the Agreement
and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of authorized denominations evidencing the
same aggregate Fractional Undivided Interest in the Trust, as requested by the
Certificateholder surrendering the same.
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No service charge shall be made for any such registration of transfer
or exchange, but the Trustee shall require payment by the Certificateholder of a
sum sufficient to cover any tax or governmental charge payable in connection
therewith.
The Trustee, the Registrar, and any agent of the Trustee or the
Registrar may treat the person in whose name this Certificate is registered as
the owner hereof for all purposes, and neither the Trustee, the Registrar, nor
any such agent shall be affected by any notice to the contrary.
The obligations and responsibilities created by the Agreement and the
Trust created thereby shall terminate upon the distribution to
Certificateholders of all amounts required to be distributed to them pursuant to
the Agreement and the disposition of all property held as part of the Trust
Property.
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FORM OF TRANSFER NOTICE
FOR VALUE RECEIVED the undersigned registered holder hereby sell(s),
assign(s) and transfer(s) unto
Insert Taxpayer Identification No.
________________________________________________________________________________
please print or typewrite name and address including zip code of assignee
________________________________________________________________________________
the within Certificate and all rights thereunder, hereby irrevocably
constituting and appointing
________________________________________________________________________________
attorney to transfer said Certificate on the books of the Trustee with full
power of substitution in the premises.
Date: [Name of Transferor]
____________________________________
NOTE: The signature must correspond with the name
as written upon the face of the within-mentioned
instrument in every particular, without alteration
or any change whatsoever.
Signature Guarantee: _________________
