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Conseco Inc – ‘10-K’ for 12/31/93 – EX-10.24.1

As of:  Thursday, 3/31/94   ·   For:  12/31/93   ·   Accession #:  719241-94-19   ·   File #:  1-09250

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  As Of                Filer                Filing    For·On·As Docs:Size

 3/31/94  Conseco Inc                       10-K       12/31/93   22:913K

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Conseco, Inc. 1993 Form 10-K                         114    572K 
 4: EX-10.18.20  Exhibit 10.18.20 to Conseco, Inc. 1993 Form 10-K      9     50K 
 5: EX-10.18.21  Exhibit 10.18.21 to Conseco, Inc. 1993 Form 10-K     13     64K 
 6: EX-10.18.22  Exhibit 10.18.22 to Conseco, Inc. 1993 Form 10-K     13     59K 
 7: EX-10.18.23  Exhibit 10.18.23 to Conseco, Inc. 1993 Form 10-K      5     30K 
 8: EX-10.18.24  Exhibit 10.18.24 to Conseco, Inc. 1993 Form 10-K      7     29K 
 9: EX-10.18.25  Exhibit 10.18.25 to the Conseco, Inc. 1993 Form       9     50K 
                          10-K                                                   
10: EX-10.23.1  Exhibit 10.23.1 to Conseco, Inc. 1993 Form 10-K       10     31K 
11: EX-10.24.1  Exhibit 10.24.1 Conseco, Inc. 1993 Form 10-K           8     31K 
12: EX-10.25    Exhibit 10.25 to Conseco, Inc. 1993 Form 10-K         18     89K 
13: EX-10.32    Exhibit 10.32 to Conseco, Inc. 1993 Form 10-K         35    146K 
14: EX-10.33.1  Exhibit 10.33.1 to Conseco, Inc. 1993 Form 10-K       30    162K 
15: EX-10.33.2  Exhibit 10.33.2 to Conseco, Inc. 1993 Form 10-K       27    145K 
16: EX-10.34    Exhibit 10-34 to Conseco, Inc. 1993 Form 10-K         18     84K 
 2: EX-10.8.5   Exhibit 10.8.5 to Conseco, Inc. 1993 Form 10-K         2±    10K 
 3: EX-10.8.6   Exhibit 10.8.6 to Conseco, Inc. 1993 Form 10-K         2±    12K 
17: EX-11.1     Exhibit 11.1 to Conseco, Inc. 1993 Form 10-K           2±    12K 
18: EX-11.2     Exhibit 11.2 to Conseco, Inc. 1993 Form 10-K           1     11K 
19: EX-12.1     Exhibit 12.1 to Conseco, Inc. 1993 Form 10-K           2±    14K 
20: EX-12.2     Exhibit 12.2 to Conseco, Inc. 1993 Form 10-K           2±    14K 
21: EX-21       Exhibit 21 to Conseco, Inc. 1993 Form 10-K             1      9K 
22: EX-23       Exhibit 23 to Conseco, Inc. 1993 Form 10-K             1      9K 


EX-10.24.1   —   Exhibit 10.24.1 Conseco, Inc. 1993 Form 10-K
Exhibit Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
"Lessor
EX-10.24.11st Page of 8TOCTopPreviousNextBottomJust 1st
 

AMENDMENT TO AIRCRAFT LEASE AGREEMENT DATED AS OF APRIL 26, 1991 THIS AMENDMENT amends and supplements the above Aircraft Lease Agreement (the "Lease"), between GENERAL ELECTRIC CAPITAL CORPORATION ("Lessor") and CONSECO INVESTMENT HOLDING COMPANY ("Lessee") and is hereby incorporated into the lease as though fully set forth therein. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Lease. The Lease is hereby amended as follows: 1. Annex B of the Lease is replaced with the attached Annex B-1 and Amendment #1 to Annex F. Except as expressly modified hereby, all terms and provisions of the Lease shall remain in full force and effect. This Amendment is not binding or effective with respect to the Lease or the Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee. IN WITNESS WHEREOF, Lessee and Lessor have caused this Amendment to be executed by their fully authorized representatives as of the date first above written. LESSOR: LESSEE: GENERAL ELECTRIC CAPITAL CORPORATION CONSECO INVESTMENT HOLDING COMPANY By: /s/WILLIAM J. McELROY By: /s/MARK A FERRUCCI ________________________ ______________________ Name: William J. McElroy Name: Mark A. Ferrucci Title: Region Credit Analyst Title: President Attest: By: /s/KIM E. LUTTHANS _____________________ Name: Kim E. Lutthans GUARANTOR: Agree, Acknowledger and Accept Amendment to Aircraft Lease Agreement as set forth herein. CONSECO, INC. By: /s/LAWRENCE W. INLOW ______________________________ Name: Lawrence W. Inlow Title: Executive Vice President
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GENERAL ELECTRIC CAPITAL CORPORATION ANNEX B-1 __________ Financial Terms _______________ (150 month Basic Lease Term) Basic Term Commencement Date: May 1, 1991 Basic Term: One Hundred Fifty (150) months Advance Rent: (a) Amount: $43,380.55 (b) Due Date: Lease Commencement Date Interim Rent: Due Date: Lease Commencement Date Original Lessors' Cost: $4,500,000.00 First Basic Rent Date: May 1, 1991 Basic Rent Dates: Monthly in Advance First Termination Date: May 1, 1994 Last Basic Rent Date: October 1, 2003 Expiration Date: October 31, 2003 Daily Lease Rate Factor: .032059% Basic Term Rental Payment: Dollar Amount Rental No. ------------- ---------- (First Rental Period) $43,280.55 #1 through #30 (Second Rental Period) $39,322.32 #31 through #150 Primary Hanger Location: Indianapolis International Airport Indianapolis, Indiana
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GENERAL ELECTRIC CAPITAL CORPORATION ANNEX B-1 Financial Terms (150 month Basic Lease Term) Last Delivery Date: April 30, 1991 Tax Benefits: Depreciation Deductions: Method: 200% declining balance method over the Recovery Period, switching to straight line method for the first taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. Recovery Period: Five (5) Years Basis: 100% of Equipment Cost LESSOR: LESSEE: General Electric Capital Corporation Conseco Investment Holding Company By: /s/WILLIAM J. McELROY By: /s/MARK A. FERRUCCI __________________________ ________________________ Title: Region Credit Analyst Title: President
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GENERAL ELECTRIC CAPITAL CORPORATION AMENDMENT #1 to ANNEX F Page 1 of 5 Stipulated Loss and Termination Values The Stipulated Loss and Termination Value of the Aircraft shall be the percentage of Capitalized Lessor's Cost of the Aircraft* set forth opposite the applicable rent payment. *Capitalized lessor's Cost: $4,500,000.00 [Download Table] Interim Period and Basic Rent Stipulated Termination Payment Number Loss Value Value ________________ __________ ___________ Interim 106.303% 103.351% Basic Term 1 106.303 103.351 2 106.258 103.330 3 106.203 103.299 4 106.143 103.263 5 106.075 103.219 6 105.996 103.164 7 105.914 103.106 8 105.822 103.038 9 105.720 102.960 10 105.614 102.878 11 105.501 102.789 12 105.374 102.686 13 105.234 102.570 14 104.082 102.442 15 104.917 102.301 16 104.747 102.155 17 104.565 101.997 18 104.371 101.827 19 104.171 101.651 20 103.959 101.463 21 103.735 101.263 22 103.505 101.057 23 103.267 100.843 24 103.018 100.618 25 102.761 100.385 26 102.497 100.145 27 102.224 99.896 28 101.946 99.642 29 101.661 99.381 30 101.367 99.111
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GENERAL ELECTRIC CAPITAL CORPORATION AMENDMENT #1 to ANNEX F Page 2 of 5 Stipulated Loss and Termination Value The Stipulated Loss and Termination Value of the Aircraft shall be the percentage of Capitalized Lessor's Cost of the Aircraft* set forth opposite the applicable rent payable. Capitalized Lessor's Cost: $4,500,000.00 [Download Table] Interim Period and Basic Rent Stipulated Termination Payment Number Loss Value Value ________________ __________ ___________ Basic Term 31 98.469 92.494 32 98.101 92.151 33 97.727 91.802 34 97.348 91.448 35 96.964 91.089 36 96.576 90.726 37 96.183 90.358 38 95.785 89.985 39 95.382 89.607 40 94.975 89.225 41 94.563 88.838 42 94.146 88.446 43 93.725 88.050 44 93.298 87.648 45 92.867 87.242 46 92.431 86.831 47 91.991 86.416 48 91.545 85.995 49 91.095 85.570 50 90.640 85.140 51 90.179 84.704 52 89.715 84.265 53 89.245 83.820 54 88.770 83.370 55 88.290 82.915 56 87.806 82.456 57 87.316 81.991 58 86.821 81.521 59 86.322 81.047 60 85.820 80.570
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GENERAL ELECTRIC CAPITAL CORPORATION AMENDMENT #1 to ANNEX F Page 3 of 5 Stipulated Loss and Termination Value The Stipulated Loss and Termination Value of the Aircraft shall be the percentage of Capitalized Lessor's Cost of the Aircraft* set forth opposite the applicable rent payable. Capitalized Lessor's Cost: $4,500,000.00 [Download Table] Interim Period and Basic Rent Stipulated Termination Payment Number Loss Value Value ________________ __________ ___________ Basic Term 61 85.314 80.089 62 84.806 79.606 63 84.294 79.119 64 83.777 78.627 65 83.257 78.132 66 82.734 77.634 67 82.206 77.131 68 81.674 76.624 69 81.140 76.115 70 80.600 75.600 71 80.056 75.081 72 79.510 74.560 73 78.963 74.038 74 78.414 73.514 75 77.863 72.988 76 77.307 72.457 77 76.750 71.925 78 76.191 71.391 79 75.627 70.852 80 75.061 70.311 81 74.493 69.768 82 73.920 69.220 83 73.344 68.669 84 72.767 68.117 85 72.188 67.563 86 71.608 67.008 87 71.025 66.450 88 70.437 65.887 89 69.848 65.323 90 69.257 64.757
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GENERAL ELECTRIC CAPITAL CORPORATION AMENDMENT #1 to ANNEX F Page 4 of 5 Stipulated Loss and Termination Value The Stipulated Loss and Termination Value of the Aircraft shall be the percentage of Capitalized Lessor's Cost of the Aircraft* set forth opposite the applicable rent payable. Capitalized Lessor's Cost: $4,500,000.00 [Download Table] Interim Period and Basic Rent Stipulated Termination Payment Number Loss Value Value ________________ __________ ___________ Basic Term 91 68.660 64.185 92 69.062 63.612 93 67.461 63.036 94 66.855 62.455 95 66.246 61.871 96 65.636 61.286 97 65.023 60.698 98 64.409 60.109 99 63.793 59.518 100 63.171 58.921 101 62.548 58.323 102 61.922 57.722 103 61.291 57.116 104 60.658 56.508 105 60.022 55.897 106 59.382 55.282 107 58.737 54.662 108 58.091 54.041 109 57.443 53.418 110 56.793 52.793 111 56.141 52.166 112 55.483 51.533 113 54.823 50.898 114 54.161 50.261 115 53.493 49.618 116 52.823 48.973 117 52.151 48.326 118 51.473 47.673 119 50.791 47.016 120 50.107 46.357
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GENERAL ELECTRIC CAPITAL CORPORATION AMENDMENT #1 to ANNEX F Page 5 of 5 Stipulated Loss and Termination Value The Stipulated Loss and Termination Value of the Aircraft shall be the percentage of Capitalized Lessor's Cost of the Aircraft* set forth opposite the applicable rent payable. Capitalized Lessor's Cost: $4,500,000.00 [Download Table] Interim Period and Basic Rent Stipulated Termination Payment Number Loss Value Value ________________ __________ ___________ Basic Term 121 49.421 45.696 122 48.733 45.033 123 48.043 44.368 124 47.347 43.697 125 46.648 43.023 126 45.947 42.347 127 45.240 41.665 128 44.531 40.981 129 43.819 40.294 130 43.101 39.601 131 42.379 38.904 132 41.656 38.206 133 40.933 37.508 134 40.214 36.814 135 39.491 36.116 136 38.765 35.415 137 38.035 34.710 138 37.301 34.001 139 36.564 33.289 140 35.823 32.573 141 35.079 31.854 142 34.330 31.130 143 33.578 30.403 144 32.822 29.672 145 32.063 28.938 146 31.299 28.199 147 30.532 27.457 148 29.761 26.711 149 28.986 25.961 150 28.207 25.207

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘10-K’ Filing    Date First  Last      Other Filings
10/31/032
10/1/032
5/1/942
Filed on:3/31/9410-Q
For Period End:12/31/9311-K
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