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EXHIBIT 4
1
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FIRST SUPPLEMENTAL AGENCY AGREEMENT
in respect of a U.S.$2,000,000,000
EURO MEDIUM TERM NOTE PROGRAMME
THIS AGREEMENT is made on 12th June, 2000 BETWEEN:
(1) INTERNATIONAL LEASE FINANCE CORPORATION (the "ISSUER");
(2) CITIBANK, N.A. (the "AGENT", which expression shall include any successor
agent appointed in accordance with clause 21 of the Principal Agency
Agreement);
(3) BANQUE INTERNATIONALE a LUXEMBOURG S.A. of 69, route d'Esch, L-2953
Luxembourg and UBS AG of Bahnhofstrasse 45, CH-8021 Zurich, Switzerland
(together with the Agent, the "PAYING AGENTS" and each a "PAYING AGENT",
which expression shall include any additional or successor paying agent
appointed in accordance with clause 21 of the Principal Agency Agreement);
and
(4) CITIBANK (SWITZERLAND) of Bahnhofstrasse 63, CH-8021 Zurich, Switzerland.
WHEREAS:
(A) The parties hereto (other than UBS AG) entered into an Agency Agreement
(the "PRINCIPAL AGENCY AGREEMENT") dated 4th June, 1999 in respect of a
U.S.$2,000,000,000 Euro Medium Term Note Programme (the "PROGRAMME").
(B) Citibank (Switzerland) has resigned as a Paying Agent under the Programme
and UBS AG has been appointed as a new Paying Agent.
(C) The parties hereto have agreed to make certain modifications to the
Principal Agency Agreement.
(D) This Agreement supplements and should be read in conjunction with the
Principal Agency Agreement and references herein to the "AGENCY AGREEMENT"
shall be to the Principal Agency Agreement as supplemented by this
Agreement. Any Notes issued on or after the date hereof (other than any
such Notes issued so as to be consolidated and form a single Series with
any Notes issued prior to the date hereof) shall be issued pursuant to the
Agency Agreement.
IT IS HEREBY AGREED as follows:
1. DEFINITIONS AND INTERPRETATION
(a) Subject as set out in this clause 1, terms defined or construed in the
Principal Agency Agreement shall have the same meanings or construction
when used in this Agreement.
(b) All references in the Principal Agency Agreement to "Cedelbank" shall be
deleted and "Clearstream, Luxembourg" shall be substituted therefor.
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(c) The definition of "Fixed Rate Note" in clause 1(2) of the Principal Agency
Agreement shall be amended by the deletion of the words "on a fixed date or
dates in each year and on redemption or on such other dates" and the
substitution therefor of the words "on one or more Interest Payment Dates
in each year".
(d) The definition of "Floating Rate Note" in clause 1(2) of the Principal
Agency Agreement shall be amended by the deletion of the words "in respect
of such period or on such date(s)" and the substitution therefor of the
words "in arrear on one or more Interest Payment Dates in each year".
2. RESIGNATION OF PAYING AGENT
(a) Notwithstanding the requirement for the giving of notice contained in
Clause 21(7) of the Principal Agency Agreement, which is hereby waived,
Citibank (Switzerland) hereby resigns as a Paying Agent, in relation to any
Notes issued on or after the date hereof, with effect from the date hereof.
(c) Notwithstanding the requirement for the giving of notice contained in
Clause 21(6) of the Principal Agency Agreement, which is hereby waived, UBS
AG shall hereby be appointed as a Paying Agent, in relation to any Notes
issued on or after the date hereof, with effect from the date hereof.
(d) UBS AG undertakes, for the benefit of the Issuer and the other Paying
Agents, that, it will perform and comply with all the duties and
obligations expressed to be assumed by a Paying Agent under the Principal
Agency Agreement.
(e) Notwithstanding the above, Citibank, N.A. in London shall remain as the
Agent under the Programme.
3. PAYMENTS
Clause 7(1) of the Principal Agency Agreement shall be amended by the
deletion of the words "or Brussels time in the case of a payment in euro"
in the second line thereof and the substitution therefor of the words "or,
in the case of a payment in euro, London time".
4. SCHEDULE 2: TERMS AND CONDITIONS
Schedule 2 to the Principal Agency Agreement shall be deleted and replaced
by Schedule 1 to this Agreement.
5. PART I OF SCHEDULE 5: FORM OF TEMPORARY GLOBAL NOTE
Part I of Schedule 5 to the Principal Agency Agreement shall be deleted and
replaced by Part I of Schedule 2 to this Agreement.
6. PART II OF SCHEDULE 5: FORM OF PERMANENT GLOBAL NOTE
Part II of Schedule 5 to the Principal Agency Agreement shall be deleted
and replaced by Part II of Schedule 2 to this Agreement.
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7. AMENDMENTS
This Agreement supplements and should be read in conjunction with the
Principal Agency Agreement. Each of the amendments contemplated by this
Agreement shall take effect from the date hereof. Save for the amendments
to the Principal Agency Agreement confirmed by this Agreement, all terms
and conditions of the Principal Agency Agreement shall remain in full force
and effect. The Principal Agency Agreement and this Agreement shall
henceforth be read and construed together as one Agreement. Any Notes
issued under the Programme on or after the date hereof shall be issued
pursuant to the Agency Agreement. This does not affect any Notes issued
under the Programme prior to the date of this Agreement.
8. GOVERNING LAW
Clause 29 of the Principal Agency Agreement shall apply to this Agreement
as if expressly incorporated herein.
9. COUNTERPARTS
This Agreement may be signed in any number of counterparts, all of which,
taken together, shall constitute one and the same agreement and any party
may enter into this Agreement by executing a counterpart.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the
date first above written.
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AGENT
Citibank, N.A.
5 Carmelite Street
London EC4Y 0PA
PAYING AGENTS
Banque Internationale a Luxembourg S.A. UBS AG
69, route d'Esch Bahnhofstrasse 45
L-2953 Luxembourg CH-8021 Zurich
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5
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SCHEDULE 2
PART I
FORM OF TEMPORARY GLOBAL NOTE
[ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO
LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS INCLUDING THE LIMITATIONS
PROVIDED IN SECTIONS 165(J) AND 1287(A) OF THE INTERNAL REVENUE CODE.]1
INTERNATIONAL LEASE FINANCE CORPORATION
TEMPORARY GLOBAL NOTE
This Global Note is a Temporary Global Note in respect of a duly authorised
issue of Notes (the "NOTES") of International Lease Finance Corporation (the
"ISSUER") described, and having the provisions specified, in the Pricing
Supplement attached hereto (the "PRICING SUPPLEMENT"). References herein to the
Conditions shall be to the Terms and Conditions of the Notes as set out in
Schedule 2 to the Agency Agreement (as defined below) as modified and
supplemented by the information set out in the Pricing Supplement, but in the
event of any conflict between the provisions of (i) that Schedule or (ii) this
Global Note and the information set out in the Pricing Supplement, the Pricing
Supplement will prevail.
Words and expressions defined or set out in the Conditions and/or the Pricing
Supplement shall bear the same meaning when used herein.
This Global Note is issued subject to, and with the benefit of, the Conditions
and an Agency Agreement (the "AGENCY AGREEMENT", which expression shall be
construed as a reference to that agreement as the same may be amended,
supplemented or restated from time to time) dated 4th June, 1999 and made
between the Issuer, Citibank, N.A. (the "AGENT") and the other agents named
therein.
For value received the Issuer, subject to and in accordance with the Conditions,
promises to pay to the bearer hereof on each Instalment Date (if the Notes are
repayable in instalments) and on the Maturity Date and/or on such earlier
date(s) as all or any of the Notes represented by this Global Note may become
due and repayable in accordance with the Conditions, the amount payable under
the Conditions in respect of such Notes on each such date and to pay interest
(if any) on the nominal amount of the Notes from time to time represented by
this Global Note calculated and payable as provided in the Conditions together
with any other sums payable under the Conditions, upon presentation and, at
maturity, surrender of this Global Note at the office of the Agent at 5
Carmelite Street, London EC4Y 0PY or at the specified office of any of the other
paying agents located outside the United States (except as provided in the
Conditions) from time to time appointed by the Issuer in respect of the Notes,
but in each case subject to the requirements as to certification provided
herein. On any redemption or payment of an instalment or interest being made in
respect of, or purchase and cancellation of, any of the Notes represented by
this Global Note details of such redemption, payment or purchase and
cancellation (as the case may be) shall be entered by or on behalf of the Issuer
in
----------------
1 This legend can be deleted if the Notes have an initial maturity of 365
days or less.
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Schedule One hereto and the relevant space in Schedule One hereto recording any
such redemption, payment or purchase and cancellation (as the case may be) shall
be signed by or on behalf of the Issuer.
Upon any such redemption, payment of an instalment or purchase and cancellation,
as aforesaid, the nominal amount of the Notes represented by this Global Note
shall be reduced by the nominal amount of such Notes so redeemed or purchased
and cancelled or by the amount of such instalment so paid. The nominal amount of
the Notes represented by this Global Note following any such redemption, payment
of an instalment or purchase and cancellation as aforesaid or any exchange as
referred to below shall be the nominal amount most recently entered by or on
behalf of the Issuer in the relevant column in Part II, III or IV of Schedule
One or Schedule Two hereto.
Prior to the Exchange Date (as defined below), all payments (if any) on this
Global Note will only be made to the bearer hereof to the extent that there is
presented to the Agent by Clearstream, Luxembourg or Euroclear a certificate,
substantially in the form set out in Schedule Three hereto, to the effect that
it has received from or in respect of a person entitled to a particular nominal
amount of the Notes (as shown by its records) a certificate in or substantially
in the form of Certificate "A" as set out in Schedule Three hereto. The bearer
of this Global Note will not be entitled to receive any payment of interest
hereon due on or after the Exchange Date unless upon due certification exchange
of this Global Note is improperly withheld or refused.
On or after the date (the "EXCHANGE DATE") which is the later of (i) 40 days
after the Issue Date and (ii) 40 days after the completion of the distribution
of the Tranche of Notes represented by this Global Note, as certified by the
relevant Dealer (in the case of a non-syndicated issue) or the relevant lead
manager (in the case of a syndicated issue), this Global Note may be exchanged
in whole or in part (free of charge) for, as specified in the Pricing
Supplement, either (i) security printed Definitive Notes and (if applicable)
Coupons, Receipts and Talons in the form set out in Parts III, IV, V and VI
respectively of Schedule 5 to the Agency Agreement (on the basis that all the
appropriate details have been included on the face of such Definitive Notes and
(if applicable) Coupons, Receipts and Talons and the Pricing Supplement (or the
relevant provisions of the Pricing Supplement) have been endorsed on or attached
to such Definitive Notes) or (ii) a Permanent Global Note in or substantially in
the form set out in Part II of Schedule 5 to the Agency Agreement (together with
the Pricing Supplement attached thereto), in each case upon notice being given
by Euroclear and/or Clearstream, Luxembourg acting on the instructions of any
holder of an interest in this Global Note and subject, in the case of Definitive
Notes, to such notice period as is specified in the Pricing Supplement.
If Definitive Notes and (if applicable) Coupons, Receipts and/or Talons have
already been issued in exchange for all the Notes represented for the time being
by the Permanent Global Note, then this Global Note may only thereafter be
exchanged for Definitive Notes and (if applicable) Coupons, Receipts and/or
Talons pursuant to the terms hereof.
Presentation of this Global Note for exchange shall be made by the bearer hereof
on any day (other than a Saturday or Sunday) on which banks are open for
business in London at the office of the Agent specified above. The Issuer shall
procure that the Definitive Notes or (as the case may be) the Permanent Global
Note shall be so issued and delivered in exchange for only that portion of this
Global Note in respect of which there shall have been presented to the Agent by
Euroclear or Clearstream, Luxembourg a certificate, substantially in the form
set out in Schedule Three hereto, to the effect that it has received from or in
respect of a person entitled to a beneficial interest in a particular nominal
amount of the Notes (as shown by its records) a certificate from such person in
or substantially in the form of Certificate "A" as set out in Schedule Three
hereto. The aggregate
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nominal amount of Definitive Notes or interests in a Permanent Global Note
issued upon an exchange of this Global Note will, subject to the terms hereof,
be equal to the aggregate nominal amount of this Global Note submitted by the
bearer hereof for exchange (to the extent that such nominal amount does not
exceed the aggregate nominal amount of this Global Note).
On an exchange of the whole of this Global Note, this Global Note shall be
surrendered to the Agent. On an exchange of part only of this Global Note,
details of such exchange shall be entered by or on behalf of the Issuer in
Schedule Two hereto and the relevant space in Schedule Two hereto recording such
exchange shall be signed by or on behalf of the Issuer, whereupon the nominal
amount of this Global Note and the Notes represented by this Global Note shall
be reduced by the nominal amount so exchanged. On any exchange of this Global
Note for a Permanent Global Note, details of such exchange shall be entered by
or on behalf of the Issuer in Schedule Two to the Permanent Global Note and the
relevant space in Schedule Two thereto recording such exchange shall be signed
by or on behalf of the Issuer.
Until the exchange of the whole of this Global Note as aforesaid, the bearer
hereof shall in all respects (except as otherwise provided herein) be entitled
to the same benefits as if he were the bearer of Definitive Notes and the
relative Coupons, Receipts and/or Talons (if any) represented hereby.
The Issuer hereby irrevocably agrees that in the event that (i) this Global Note
is not duly exchanged, whether in whole or in part, for a Permanent Global Note
or, as the case may be, Definitive Notes by 6.00 p.m. (London time) on the
thirtieth day after the time on which such exchange is first requested in
accordance with the terms hereof or (ii) an Event of Default occurs in respect
of any Note represented by this Global Note and such Note is not duly redeemed
(or the funds required for such redemption are not available to the Agent for
the purposes of effecting such redemption and remain available for such purpose)
by 6.00 p.m. (London time) on the seventh day after the day on which such Note
became immediately redeemable, each Accountholder (as defined below) or its
successors or assigns may, provided the required certifications have been made,
without the consent and to the exclusion of the bearer hereof, file any claim,
take any action or institute any proceeding to enforce, directly against the
Issuer, the obligation of the Issuer hereunder to pay any amount due in respect
of each Note represented by this Global Note which is credited to such
Accountholder's securities account with Euroclear and/or Clearstream, Luxembourg
as fully as though such Note were evidenced by a Definitive Note without the
production of this Global Note, provided that the bearer hereof shall not
theretofore have filed a claim, taken action or instituted proceedings to
enforce the same in respect of such Note. The face amount of this Global Note
shall be reduced by the face amount, if any, of each Note represented hereby in
respect of which full settlement has occurred as a result of any such claim,
action or proceeding by such relevant Accountholders or their successors or
assigns.
"ACCOUNTHOLDER" means each person (other than Euroclear or Clearstream,
Luxembourg) who is for the time being shown in the records of Euroclear or of
Clearstream, Luxembourg as the holder of a particular nominal amount of the
Notes represented by this Global Note (in which regard any certificate or other
document issued by Euroclear or Clearstream, Luxembourg as to the nominal amount
of such Notes standing to the account of any person shall be conclusive and
binding for all purposes save in the case of manifest error).
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This Global Note is governed by, and shall be construed in accordance with, the
laws of the State of New York.
This Global Note shall not be valid unless authenticated by the Agent.
IN WITNESS whereof the Issuer has caused this Global Note to be duly executed on
its behalf.
INTERNATIONAL LEASE FINANCE CORPORATION
By:
------------------------------------
Authenticated without recourse,
warranty or liability by
CITIBANK, N.A.
By:
------------------------------------
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SCHEDULE ONE TO THE TEMPORARY GLOBAL NOTE
PART I
INTEREST PAYMENTS
<TABLE>
<CAPTION>
Date made Total amount of Amount of interest Confirmation of payment
Date made interest payable paid on behalf of the Issuer
<S> <C> <C> <C>
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</TABLE>
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PART II
PAYMENT OF INSTALMENT AMOUNTS
<TABLE>
<CAPTION>
Date Total amount of Amount of Instalment Remaining nominal Confirmation of
made Instalment Amounts Amounts paid amount this Global payment on behalf of
payable Note following such the Issuer
payment*
<S> <C> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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PART III
REDEMPTIONS
<TABLE>
<CAPTION>
Date made Total amount of Amount of principal Remaining nominal Confirmation of
principal paid amount of this Global redemption on behalf of
payable Note following such the Issuer
redemption*
<S> <C> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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PART IV
PURCHASES AND CANCELLATIONS
<TABLE>
<CAPTION>
Date made Part of nominal amount of Remaining nominal amount of Confirmation of purchase and
this Global Note purchased this Global Note following such cancellation on behalf of the
and cancelled purchase and cancellation* Issuer
<S> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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SCHEDULE TWO TO THE TEMPORARY GLOBAL NOTE
EXCHANGES
FOR DEFINITIVE NOTES OR PERMANENT GLOBAL NOTE
<TABLE>
<CAPTION>
The following exchanges of a part of this Global Note for Definitive Notes or a
Permanent Global Note have been made:
Date made Nominal amount of this Remaining nominal amount Notation made on behalf of the
Global Note exchanged for of this Global Note Issuer
Definitive Notes or a following such exchange*
Permanent Global Note
<S> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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SCHEDULE THREE TO THE TEMPORARY GLOBAL NOTE
FORM OF CERTIFICATE TO BE PRESENTED BY
EUROCLEAR OR CLEARSTREAM, LUXEMBOURG
INTERNATIONAL LEASE FINANCE CORPORATION
[Title of Securities]
(the "SECURITIES")
This is to certify that, based solely on certifications we have received in
writing, by tested telex or by electronic transmission from member organisations
appearing in our records as persons being entitled to a beneficial interest in a
portion of the principal amount set forth below (our "MEMBER ORGANISATIONS")
substantially to the effect set forth in the Agency Agreement, as of the date
hereof, [ ] principal amount of the above-captioned Securities (i) is owned by
persons that are not (a) individuals who are citizens or residents of the United
States, (b) corporations, partnerships, or other entities created or organised
in or under the laws of the United States, (c) an estate, the income of which is
subject to United States Federal income taxation regardless of its source or (d)
a trust, if a United States court is able to exercise primary supervision over
the administration of the trust and one or more United States persons have the
authority to control all substantial decisions of the trust ("UNITED STATES
PERSONS"), (ii) is owned by United States persons that (a) are foreign branches
of United States financial institutions (as defined in U.S. Treasury Regulations
Sections 1.165-12(c)(1)(v)) ("FINANCIAL INSTITUTIONS") purchasing for their own
account or for resale, or (b) acquired the Securities through foreign branches
of United States financial institutions and who hold the Securities through such
United States financial institutions on the date hereof (and in either case (a)
or (b), each such United States financial institution has agreed, on its own
behalf or through its agent, that we may advise the Issuer or the Issuer's agent
that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of
the Internal Revenue Code of 1986, as amended, and the regulations thereunder),
or (iii) is owned by United States or foreign financial institutions for
purposes of resale during the restricted period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that
United States or foreign financial institutions described in clause (iii) above
(whether or not also described in clause (i) or (ii)) have certified that they
have not acquired the Securities for purposes of resale directly or indirectly
to a United States person or to a person within the United States or its
possessions.
As used herein, "UNITED STATES" means the United States of America (including
the States and the District of Columbia), its territories, its possessions and
other areas subject to its jurisdiction; and its "possessions" include Puerto
Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the
Northern Mariana Islands.
If the Securities are of the category contemplated in Section 230.903(b)(3) of
Regulation S under the Securities Act of 1933, as amended (the "ACT") then this
is also to certify with respect to such principal amount of Securities set forth
above that, except as set forth below, we have received in writing, by tested
telex or by electronic transmission, from our Member Organisations entitled to a
portion of such principal amount, certifications with respect to such portion,
substantially to the effect set forth in the Agency Agreement.
We further certify (i) that we are not making available herewith for exchange
(or, if relevant, exercise of any rights or collection of any interest) any
portion of the temporary global Security excepted in such certifications and
(ii) that as of the date hereof we have not received any notification from any
of our Member Organisations to the effect that the statements made by such
Member Organisations with respect to any portion of the part submitted herewith
for exchange (or, if relevant, exercise of any rights or collection of any
interest) are no longer true and cannot be relied upon as the date hereof.
We understand that this certification is required in connection with certain tax
laws and, if applicable, certain securities laws of the United States. In
connection therewith, if administrative or legal proceedings are commenced or
threatened in connection with which this certification is or would be relevant,
we irrevocably authorise you to produce this certification to any interested
party in such proceedings.
Dated: [ ]*
Yours faithfully,
[Morgan Guaranty Trust Company of New York, Brussels Office, as operator of the
Euroclear System]/[Clearstream, Luxembourg] By:
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* To be dated no earlier than Exchange Date.
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By:
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CERTIFICATE "A"
INTERNATIONAL LEASE FINANCE CORPORATION
[Title of Securities]
(the "SECURITIES")
This is to certify that as of the date hereof, and except as set forth below,
the above-captioned Securities held by you for our account (i) are owned by
persons that are not (a) individuals who are citizens or residents of the United
States, (b) corporations, partnership, or other entities created or organised in
or under the laws of the United States, (c) an estate, the income of which is
subject to United States Federal income taxation regardless of its source or (d)
a trust, if a United States court is able to exercise primary supervision over
the administration of the trust and one or more United States persons have the
authority to control all substantial decisions of the trust ("UNITED STATES
PERSONS"), (ii) are owned by United States person(s) that (a) are foreign
branches of United States financial institutions (as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v)) ("FINANCIAL INSTITUTIONS") purchasing for
their own account or for resale, or (b) acquired the Securities through foreign
branches of United States financial institutions and who hold the Securities
through such United States financial institutions on the date hereof (and in
either case (a) or (b), each such United States financial institution hereby
agrees, on its own behalf or through its agent, that you may advise the Issuer
or the Issuer's agent that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and
the regulations thereunder), or (iii) are owned by United States or foreign
financial institution(s) for purposes of resale during the restricted period (as
defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in
addition if the owner of the Securities is a United States or foreign financial
institution described in clause (iii) above (whether or not also described in
clause (i) or (ii)) this is to further certify that such financial institution
has not acquired the Securities for purposes of resale directly or indirectly to
a United States person or to a person within the United States or its
possessions.
As used herein, "UNITED STATES" means the United States of America (including
the States and the District of Columbia), its territories, its possessions and
other areas subject to its jurisdiction; and its "possessions" include Puerto
Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the
Northern Mariana Islands.
We undertake to advise you promptly by tested telex on or prior to the date on
which you intend to submit your certification relating to the Securities held by
you for our account in accordance with your documented procedures if any
applicable statement herein is not correct on such date, and in the absence of
any such notification it may be assumed that this certification applies as of
such date.
This certification excepts and does not relate to [ ] of such interest in the
above Securities in respect of which we are not able to certify and as to which
we understand exchange and delivery of definitive Securities (or, if relevant,
exercise of any right or collection of any interest) cannot be made until we do
so certify.
We understand that this certification is required in connection with certain tax
laws and, if applicable, certain securities laws of the United States. In
connection therewith, if administrative or legal proceedings are commenced or
threatened in connection with which this certification is or would be relevant,
we irrevocably authorise you to produce this certification to any interested
party in such proceedings.
Dated: [ ] *
[Name of Person Making Certification]
By:
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* To be dated no earlier than Exchange Date.
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SCHEDULE 2
PART II
FORM OF PERMANENT GLOBAL NOTE
[ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO
LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS INCLUDING THE LIMITATIONS
PROVIDED IN SECTIONS 165(J) AND 1287(A) OF THE INTERNAL REVENUE CODE.]1
INTERNATIONAL LEASE FINANCE CORPORATION
PERMANENT GLOBAL NOTE
This Global Note is a Permanent Global Note in respect of a duly authorised
issue of Notes (the "NOTES") of International Lease Finance Corporation (the
"ISSUER") described, and having the provisions specified, in the Pricing
Supplement or Pricing Supplements attached hereto (together the "PRICING
SUPPLEMENT"). References herein to the Conditions shall be to the Terms and
Conditions of the Notes as set out in Schedule 2 to the Agency Agreement (as
defined below) as modified and supplemented by the information set out in the
Pricing Supplement, but in the event of any conflict between the provisions of
(i) that Schedule or (ii) this Global Note and the information set out in the
Pricing Supplement, the Pricing Supplement will prevail.
Words and expressions defined or set out in the Conditions and/or the Pricing
Supplement shall bear the same meaning when used herein.
This Global Note is issued subject to, and with the benefit of, the Conditions
and an Agency Agreement (the "AGENCY AGREEMENT", which expression shall be
construed as a reference to that agreement as the same may be amended,
supplemented or restated from time to time) dated 4th June, 1999 and made
between the Issuer, Citibank, N.A. (the "AGENT") and the other agents named
therein.
For value received the Issuer, subject to and in accordance with the Conditions,
promises to pay to the bearer hereof on each Instalment Date (if the Notes are
repayable in instalments) and on the Maturity Date and/or on such earlier
date(s) as all or any of the Notes represented by this Global Note may become
due and repayable in accordance with the Conditions, the amount payable under
the Conditions in respect of such Notes on each such date and to pay interest
(if any) on the nominal amount of the Notes from time to time represented by
this Global Note calculated and payable as provided in the Conditions together
with any other sums payable under the Conditions, upon presentation and, at
maturity, surrender of this Global Note at the office of the Agent at 5
Carmelite Street, London EC4Y 0PA or at the specified office of any of the other
paying agents located outside the United States (except as provided in the
Conditions) from time to time appointed by the Issuer in respect of the Notes.
On any redemption or payment of an instalment or interest being made in respect
of, or purchase and cancellation of, any of the Notes represented by this Global
Note details
-------------------
1 This legend can be deleted if the Notes have an initial maturity of 365
days or less.
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of such redemption, payment or purchase and cancellation (as the case may be)
shall be entered by or on behalf of the Issuer in Schedule One hereto and the
relevant space in Schedule One hereto recording any such redemption, payment or
purchase and cancellation (as the case may be) shall be signed by or on behalf
of the Issuer.
Upon any such redemption, payment of an instalment or purchase and cancellation
as aforesaid, the nominal amount of the Notes represented by this Global Note
shall be reduced by the nominal amount of such Notes so redeemed or purchased
and cancelled or by the amount of such instalment so paid. The nominal amount of
the Notes represented by this Global Note following any such redemption, payment
of an instalment or purchase and cancellation as aforesaid, or any exchange as
referred to below shall be the nominal amount most recently entered by or on
behalf of the Issuer in the relevant column in Part II, III or IV of Schedule
One or Schedule Two hereto.
The Notes will initially have been represented by a Temporary Global Note. On
any exchange of any such Temporary Global Note for this Global Note or any part
hereof, details of such exchange shall be entered by or on behalf of the Issuer
in Schedule Two hereto and the relevant space in Schedule Two hereto recording
such exchange shall be signed by or on behalf of the Issuer, whereupon the
nominal amount of the Notes represented by this Global Note shall be increased
by the nominal amount of any such Temporary Global Note so exchanged.
This Global Note may be exchanged in whole but not in part (free of charge), for
Definitive Notes and (if applicable) Coupons, Receipts and/or Talons in the form
set out in Parts III, IV, V and VI respectively of Schedule 5 to the Agency
Agreement (on the basis that all the appropriate details have been included on
the face of such Definitive Notes and (if applicable) Coupons, Receipts and
Talons and the Pricing Supplement (or the relevant provisions of the Pricing
Supplement) have been endorsed on or attached to such Definitive Notes) upon not
less than 60 days' written notice being given to the Agent by Euroclear and/or
Clearstream, Luxembourg acting on the instructions of any holder of an interest
in this Global Note.
Any such exchange as aforesaid will be made upon presentation of this Global
Note at the office of the Agent specified above by the bearer hereof on any day
(other than a Saturday or Sunday) on which banks are open for business in
London. The aggregate nominal amount of Definitive Notes issued upon an exchange
of this Global Note will be equal to the aggregate nominal amount of this Global
Note.
On an exchange of this Global Note, this Global Note shall be surrendered to the
Agent.
Until the exchange of this Global Note as aforesaid, the bearer hereof shall in
all respects (except as otherwise provided herein) be entitled to the same
benefits as if he were the bearer of Definitive Notes and the relative Coupons,
Receipts and/or Talons (if any) represented hereby.
The Issuer hereby irrevocably agrees that in the event that (i) this Global Note
is not duly exchanged for Definitive Notes by 6.00 p.m. (London time) on the
thirtieth day after the time on which such exchange is first requested in
accordance with the terms hereof or (ii) an Event of Default occurs in respect
of any Note represented by this Global Note and such Note is not duly redeemed
(or the funds required for such redemption are not available to the Agent for
the purposes of effecting such redemption and remain available for such purpose)
by 6.00 p.m. (London time) on the seventh day after the day on which such Note
became immediately redeemable, each Accountholder (as defined below) or its
successors or assigns may, without the consent and to the exclusion of the
bearer hereof, file any claim, take any action or institute any proceeding to
enforce,
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directly against the Issuer, the obligation of the Issuer hereunder to pay any
amount due in respect of each Note represented by this Global Note which is
credited to such Accountholder's securities account with a Euroclear and/or
Clearstream, Luxembourg as fully as though such Note were evidenced by a
Definitive Note without the production of this Global Note, provided that the
bearer hereof shall not theretofore have filed a claim, taken action or
instituted proceedings to enforce the same in respect of such Note. The face
amount of this Global Note shall be reduced by the face amount, if any, of each
Note represented hereby in respect of which full settlement has occurred as a
result of any such claim, action or proceeding by such relevant Accountholders
or their successors or assigns.
"ACCOUNTHOLDER" means each person (other than Euroclear or Clearstream,
Luxembourg) who is for the time being shown in the records of Euroclear or of
Clearstream, Luxembourg as the holder of a particular nominal amount of the
Notes represented by this Global Note (in which regard any certificate or other
document issued by Euroclear or Clearstream, Luxembourg as to the nominal amount
of such Notes standing to the account of any person shall be conclusive and
binding for all purposes save in the case of manifest error).
This Global Note is governed by, and shall be construed in accordance with, the
laws of the State of New York.
This Global Note shall not be valid unless authenticated by the Agent.
IN WITNESS whereof the Issuer has caused this Global Note to be duly executed on
its behalf.
INTERNATIONAL LEASE FINANCE CORPORATION
By:
-------------------------------------------
Authenticated without recourse,
warranty or liability by
CITIBANK, N.A.
By:
-------------------------------------------
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SCHEDULE ONE TO THE PERMANENT GLOBAL NOTE
PART I
INTEREST PAYMENTS
<TABLE>
<CAPTION>
Date made Total amount of Amount of interest Confirmation of
interest payable paid payment on behalf
of the Issuer
<S> <C> <C> <C>
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</TABLE>
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PART II
PAYMENT OF INSTALMENT AMOUNTS
<TABLE>
<CAPTION>
Date made Total amount of Amount of Instalment Remaining nominal Confirmation of
Instalment Amounts Amounts paid amount of this Global payment on behalf of
payable Note following such the Issuer
payment*
<S> <C> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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PART III
REDEMPTIONS
<TABLE>
<CAPTION>
Date made Total amount of Amount of Remaining nominal Confirmation of
principal payable principal paid amount of this redemption on
Global Note behalf of the
following such Issuer
redemption*
<S> <C> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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PART IV
PURCHASES AND CANCELLATIONS
<TABLE>
<CAPTION>
Date made Part of nominal Remaining nominal Confirmation of
amount of this amount of this Global purchase and
Global Note Note following such cancellation on
purchased and purchase and behalf of the Issuer
cancelled cancellation*
<S> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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SCHEDULE TWO TO THE PERMANENT GLOBAL NOTE
SCHEDULE OF EXCHANGES
The following exchanges affecting the nominal amount of this Global Note have
been made:
<TABLE>
<CAPTION>
Date made Nominal amount of Remaining nominal amount of Notation made on
Temporary Global Note this Global Note following behalf of the
exchanged for this Global such exchange* Issuer
Note
<S> <C> <C> <C>
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</TABLE>
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* See most recent entry in Part II, III or IV of Schedule One or Schedule Two
in order to determine this amount.
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SIGNATORIES
THE ISSUER
INTERNATIONAL LEASE FINANCE CORPORATION
By: PAM HENDRY
THE AGENT
CITIBANK, N.A.
By: DANIEL WYNNE
THE OTHER PAYING AGENTS
BANQUE INTERNATIONALE a LUXEMBOURG S.A.
By: DANIEL WYNNE
UBS AG
By: DANIEL WYNNE
RESIGNING PAYING AGENT
CITIBANK (SWITZERLAND)
By: DANIEL WYNNE
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CONFORMED COPY
DATED 12TH JUNE, 2000
INTERNATIONAL LEASE FINANCE CORPORATION
---------------------------------------------
FIRST SUPPLEMENTAL AGENCY AGREEMENT
IN RESPECT OF A U.S.$2,000,000,000
EURO MEDIUM TERM NOTE PROGRAMME
---------------------------------------------
ALLEN & OVERY
LONDON
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