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Air Lease Corp – ‘10-K’ for 12/31/18 – ‘EX-10.23’

On:  Thursday, 2/21/19, at 4:06pm ET   ·   For:  12/31/18   ·   Accession #:  1558370-19-845   ·   File #:  1-35121

Previous ‘10-K’:  ‘10-K’ on 2/22/18 for 12/31/17   ·   Next:  ‘10-K’ on 2/14/20 for 12/31/19   ·   Latest:  ‘10-K’ on 2/15/24 for 12/31/23   ·   4 References:   

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

 2/21/19  Air Lease Corp                    10-K       12/31/18   81:14M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.84M 
 2: EX-10.118   Material Contract                                   HTML     48K 
 3: EX-10.127   Material Contract                                   HTML     31K 
 4: EX-10.22    Material Contract                                   HTML     41K 
 5: EX-10.23    Material Contract                                   HTML     38K 
 6: EX-10.24    Material Contract                                   HTML     38K 
 7: EX-10.47    Material Contract                                   HTML    102K 
 8: EX-10.67    Material Contract                                   HTML    303K 
 9: EX-10.68    Material Contract                                   HTML    293K 
10: EX-10.92    Material Contract                                   HTML     56K 
11: EX-10.98    Material Contract                                   HTML    100K 
12: EX-10.99    Material Contract                                   HTML     48K 
13: EX-21.1     Subsidiaries List                                   HTML     24K 
14: EX-23.1     Consent of Experts or Counsel                       HTML     22K 
15: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
16: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
17: EX-32.1     Certification -- §906 - SOA'02                      HTML     25K 
18: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
25: R1          Document and Entity Information                     HTML     55K 
26: R2          Consolidated Balance Sheets                         HTML     87K 
27: R3          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
28: R4          Consolidated Statements of Income                   HTML     87K 
29: R5          Consolidated Statements of Shareholders' Equity     HTML     61K 
30: R6          Consolidated Statement of Shareholders' Equity      HTML     24K 
                (Parenthetical)                                                  
31: R7          Consolidated Statements of Cash Flows               HTML    119K 
32: R8          Consolidated Statements of Cash Flows               HTML     24K 
                (Parenthetical)                                                  
33: R9          Summary of Significant Accounting Policies          HTML     81K 
34: R10         Debt Financing                                      HTML    110K 
35: R11         Interest Expense                                    HTML     50K 
36: R12         Shareholders' Equity                                HTML     28K 
37: R13         Rental Income                                       HTML    132K 
38: R14         Concentration of Risk                               HTML    191K 
39: R15         Income Taxes                                        HTML    173K 
40: R16         Commitments and Contingencies                       HTML    101K 
41: R17         Net Earnings Per Share                              HTML     89K 
42: R18         Fair Value Measurements                             HTML     28K 
43: R19         Stock-based Compensation                            HTML    157K 
44: R20         Investments                                         HTML     26K 
45: R21         Flight Equipment Held for Sale                      HTML     24K 
46: R22         Quarterly Financial Data (Unaudited)                HTML     99K 
47: R23         Subsequent Events                                   HTML     25K 
48: R24         Summary of Significant Accounting Policies          HTML    125K 
                (Policies)                                                       
49: R25         Summary of Significant Accounting Policies          HTML     37K 
                (Tables)                                                         
50: R26         Debt Financing (Tables)                             HTML     97K 
51: R27         Interest Expense (Tables)                           HTML     49K 
52: R28         Rental Income (Tables)                              HTML    131K 
53: R29         Concentration of Risk (Tables)                      HTML    199K 
54: R30         Income Taxes (Tables)                               HTML    173K 
55: R31         Commitments and Contingencies (Tables)              HTML    100K 
56: R32         Net Earnings Per Share (Tables)                     HTML     87K 
57: R33         Stock-based Compensation (Tables)                   HTML    152K 
58: R34         Quarterly Financial Data (Unaudited) (Tables)       HTML     98K 
59: R35         Summary of Significant Accounting Policies          HTML     86K 
                (Details)                                                        
60: R36         Summary of Significant Accounting Policies -        HTML     32K 
                Recent Accounting Pronouncements (Details)                       
61: R37         Debt Financing (Details)                            HTML    242K 
62: R38         Debt Financing - Maturities of Debt (Details)       HTML     43K 
63: R39         Interest Expense (Details)                          HTML     36K 
64: R40         Shareholders' Equity (Details)                      HTML    105K 
65: R41         Rental Income (Details)                             HTML    107K 
66: R42         Concentration of Risk (Details)                     HTML     90K 
67: R43         Income Taxes (Details)                              HTML    117K 
68: R44         Commitments and Contingencies (Details)             HTML    124K 
69: R45         Net Earnings Per Share (Details)                    HTML     74K 
70: R46         Fair Value Measurements - Assets and Liabilities    HTML     30K 
                Recurring and Non-recurring (Details)                            
71: R47         Fair Value Measurements - Debt Financing (Details)  HTML     27K 
72: R48         Stock-based Compensation - Stock Options (Details)  HTML    123K 
73: R49         Stock-based Compensation - Stock Option Exercise    HTML     52K 
                Price (Details)                                                  
74: R50         Stock-based Compensation - Restricted Stock         HTML     68K 
                (Details)                                                        
75: R51         Investments (Details)                               HTML     53K 
76: R52         Flight Equipment held for sale (Details)            HTML     31K 
77: R53         Quarterly Financial Data (Unaudited) (Details)      HTML     51K 
78: R54         Subsequent Events (Details)                         HTML     45K 
80: XML         IDEA XML File -- Filing Summary                      XML    121K 
79: EXCEL       IDEA Workbook of Financial Reports                  XLSX     87K 
19: EX-101.INS  XBRL Instance -- al-20181231                         XML   3.04M 
21: EX-101.CAL  XBRL Calculations -- al-20181231_cal                 XML    192K 
22: EX-101.DEF  XBRL Definitions -- al-20181231_def                  XML    695K 
23: EX-101.LAB  XBRL Labels -- al-20181231_lab                       XML   1.55M 
24: EX-101.PRE  XBRL Presentations -- al-20181231_pre                XML    999K 
20: EX-101.SCH  XBRL Schema -- al-20181231                           XSD    187K 
81: ZIP         XBRL Zipped Folder -- 0001558370-19-000845-xbrl      Zip    195K 


‘EX-10.23’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  al_Ex_10_23  

Exhibit 10.23

 

Execution Version

 

COMMITMENT INCREASE SUPPLEMENT

 

SUPPLEMENT, dated as of February 4, 2019, to the Second Amended and Restated Credit Agreement, dated as of May 5, 2014, as amended by the First Amendment dated as of June 1, 2015, by the Second Amendment dated as of the May 27, 2016, by the Third Amendment and Extension Agreement dated as of May 2, 2017, by the Fourth Amendment and Extension Agreement dated as of May 2, 2018 and as further amended, supplemented or otherwise modified from time to time (the “Credit Agreement”) among AIR LEASE CORPORATION, a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Credit Agreement provides in Section 2.1(d) thereof that any Lender may increase its Commitment under the Credit Agreement with the consent of the Borrower and the Administrative Agent by executing and delivering to the Borrower and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and

 

WHEREAS, the undersigned now desires to increase its Commitment under the Credit Agreement;

 

NOW, THEREFORE, the undersigned hereby agrees as follows:

 

1.  The undersigned agrees that, on the date this Supplement is accepted by the Borrower and the Administrative Agent (or on such other date as may be agreed upon among the undersigned, the Borrower and the Administrative Agent), its Commitment shall be increased by $10,000,000 from $40,000,000 to $50,000,000.

 

2.  The undersigned hereby confirms and agrees that the Termination Date in respect of its Commitment is May 5, 2022.

 

3.  Terms defined in the Credit Agreement shall have their defined meanings when used herein.

 

[Remainder of page left blank intentionally.]

 

 


 

 

IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.

 

 

STIFEL BANK & TRUST

 

 

 

By:

/s/ Matthew L. Diehl

 

 

Name:

Matthew L. Diehl

 

 

Title:

Senior Vice President

 

[Signature Page to Stifel Commitment Increase Supplement]


 

 

Accepted and agreed to as of

 

the date first written above:

 

 

 

AIR LEASE CORPORATION

 

 

 

By:

/s/ Gregory B. Willis

 

 

Name:

Gregory B. Willis

 

 

Title:

Executive Vice President and Chief Financial Officer

 

 

[Signature Page to Stifel Commitment Increase Supplement]


 

 

 

 

 

 

Accepted and agreed to as of

 

the date first written above:

 

 

 

JPMORGAN CHASE BANK, N.A., as Administrative Agent

 

 

 

By:

/s/ Cristina Caviness

 

 

Name:

Cristina Caviness

 

 

Title:

Vice President

 

 

[Signature Page to Stifel Commitment Increase Supplement]



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
5/5/22
Filed on:2/21/194,  8-K
2/4/19
For Period end:12/31/184
5/2/188-K
5/2/17
5/27/168-K
6/1/158-K
5/5/144
 List all Filings 


4 Subsequent Filings that Reference this Filing

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

 2/15/24  Air Lease Corp.                   10-K       12/31/23   98:10M                                    Workiva Inc Wde… FA01/FA
 2/16/23  Air Lease Corp.                   10-K       12/31/22  101:12M                                    Workiva Inc Wde… FA01/FA
 2/17/22  Air Lease Corp.                   10-K       12/31/21  105:12M                                    Workiva Inc Wde… FA01/FA
 2/22/21  Air Lease Corp.                   10-K       12/31/20   83:13M                                    Toppan Merrill Bridge/FA
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Filing Submission 0001558370-19-000845   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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