US Airways 2008 Annual Report Download - page 277

(r) On the Funding Date after the Loan has been made, (i) the **shall be no greater than the Maximum Rotables and Key Repairables Ratio, (ii) the
Collateral Ratio shall be no greater than the Maximum Collateral Ratio, (iii) the Current Market Value of the Pledged Spare Parts **of the Loan by not less
than the **Amount, (iv) the QDL Collateral Percentage is at least equal to the Minimum QDL Collateral Percentage and (v) the QDL Rotables and Key
Repairables Percentage is at least equal to the Minimum QDL Rotables and Key Repairables Percentage, and the Lenders shall have received an Officer's
Certificate from the Borrower certifying the same, which certification may be based upon the Current Market Value of the Pledged Spare Parts as set forth
in the Appraisal prepared by the Independent Appraiser and delivered to the Lenders pursuant to Section 6.2(o) above, but which certification shall include
an express certification by the Borrower as to the accuracy and completeness of all information and data provided by Borrower to the Independent
Appraiser for the preparation of such Appraisal.
(s) The Borrower shall have paid the up front fee specified in Section 1.3.
(t) (1) On the Funding Date, Borrower shall**.
(2) Borrower shall**.
(3) Borrower shall,**.
(u) [Reserved].
(v) The outstanding principal balance of the **shall have **(after giving effect to the making of the Loans and the making of the loans under the
Related Loan Agreement)**) from the outstanding principal balance of**, and the Borrower shall have provided evidence reasonably satisfactory to the
Collateral Agent of such**.
(w) **shall have been **(it being understood that the effectiveness of such **may be conditioned upon the funding of the Loan and the Related
Loan)**, after giving effect to the repayment contemplated by clause (v) above, the minimum amount of **(as defined in the**) that must be maintained
in accordance with the **) and the Borrower shall have delivered a copy of such amendment, certified by an Officer's Certificate, to the Collateral Agent.
(x) Since October 15, 2008, no Material Adverse Change, as determined by Original Lender in its good faith judgment, shall have occurred. Without
limiting the generality of the foregoing, a "Material Adverse Change" for the purposes of this clause shall include any and all of the following: any filing
by or against the Borrower of a proceeding under Chapter 11 of the United States Bankruptcy Code, the adoption of any resolutions by the Borrower's
Board of Directors authorizing the Borrower to file any such proceeding, the announcement by the Borrower that it is contemplating the filing of such a
proceeding, the consent by the Borrower to the appointment of a receiver, and/or the admission by the Borrower in writing of its inability to pay its debts
generally as they become due.
** Confidential Treatment Requested. - 26 -