SOUTHWEST AIRLINES CO - FORM 10-Q - EX-10.3 - EX-10.3 MORTGAGE AND SECURITY AGREEMENT SUPPLEMENT NO.1 - April 27, 2021

Attached files

file filename
EX-10.6 - EX-10.6 PROMISSORY NOTE - SOUTHWEST AIRLINES COexhibit106psp3-promissoryn.htm
EX-32.1 - EX-32.1 CERTIFICATION OF CEO AND CFO - SOUTHWEST AIRLINES COluv-3312021xex321.htm
EX-31.2 - EX-31.2 CERTIFICATATION OF CHIEF FINANCIAL OFFICER - SOUTHWEST AIRLINES COluv-3312021xex312.htm
EX-31.1 - EX-31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - SOUTHWEST AIRLINES COluv-3312021xex311.htm
EX-10.5 - EX 10.5 WARRANT AGREEMENT - SOUTHWEST AIRLINES COexhibit105psp3-warrantagre.htm
EX-10.4 - EX-10.4 PAYROLL SUPPORT PROGRAM 3 AGREEMENT - SOUTHWEST AIRLINES COexhibit104payrollsupportpr.htm
EX-10.2 - EX-10.2 BOEING CERTAIN CONTRACTUAL MATTERS - SOUTHWEST AIRLINES COexhibit102boeingcertaincon.htm
EX-10.1 - EX-10.1 BOEING SUPPLEMENTAL AGREEMENT NO.12 - SOUTHWEST AIRLINES COexhibit101sa-12topax3729re.htm
10-Q - 1ST QUARTER 2021 FORM 10-Q - SOUTHWEST AIRLINES COluv-20210331.htm

MORTGAGE AND SECURITY AGREEMENT SUPPLEMENT NO. 1
MORTGAGE AND SECURITY AGREEMENT SUPPLEMENT NO. 1, dated March 30, 2021 (this “Mortgage Supplement”) is made between SOUTHWEST AIRLINES CO. (the “Grantor”), and JPMORGAN CHASE BANK, N.A. acting as an administrative agent (in such capacity, “Collateral Agent”).
W I T N E S S E T H:
WHEREAS, all capitalized terms used and not otherwise defined herein shall have the respective meanings set forth or referred to in Article 1 of that certain the Mortgage and Security Agreement, dated as of March 30, 2020 (the “Mortgage”), between the Grantor and the Collateral Agent, recorded by the FAA on May 13, 2020, and assigned conveyance number MC036889;
WHEREAS; the parties entered into the Mortgage pursuant to that certain Revolving Credit Facility Agreement, dated as of August 3, 2016, as amended by First Amendment to Revolving Credit Facility Agreement dated as of March 30, 2020 (as such agreements may be amended, restated, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time, collectively, the “Credit Agreement”), among the Grantor, JPMorgan Chase Bank, N.A., and Citibank, N.A., as co-administrative agents (collectively, the “Administrative Agent”) for the financial institutions party thereto (the “Banks”), the Banks, and other parties identified therein; and
WHEREAS, the Mortgage provides for the execution and delivery of supplements thereto for purposes of specifically subjecting to the Lien of the Mortgage certain airframes and/or engines therein described.
NOW, THEREFORE, to secure the prompt and complete payment and performance when due of the Obligations of the Grantor under the Credit Agreement and each of the other Loan Papers, to secure the performance and observance by the Grantor of all the agreements, covenants and provisions contained in the Mortgage and in the other Loan Papers to which it is a party for the benefit of the Secured Parties, and for the uses and purposes and subject to the terms and provisions hereof, and in consideration of the premises and of the covenants herein contained, and of other good and valuable consideration the receipt and adequacy whereof are hereby acknowledged, the Grantor has granted, bargained, sold, assigned, transferred, conveyed, mortgaged, pledged and confirmed, and does hereby grant, bargain, sell, assign, transfer, convey, mortgage, pledge and confirm, unto the Collateral Agent, its successors and permitted assigns, for the security and benefit of the Secured Parties, a first priority continuing security interest (and, in the case of each airframe and each engine described in Annex A hereto, an International Interest) in and first priority mortgage Lien, in each case, subject to Permitted Liens, on all estate, right, title and interest of the Grantor in and to the airframes and engines described in Annex A hereto, whether or not any such engine shall be installed in or attached to any airframe described in Annex A hereto or any other airframe, together with all Parts of whatever nature relating thereto, and all additions, improvements, accessions and accumulations with respect to any of the foregoing, and all flight records, logs, manuals, maintenance data and inspection, modification and overhaul records and any other related records that are required to be maintained by regulations of the FAA or other Governmental Authority with respect to any of the foregoing (as may be required to be maintained by the Grantor’s FAA approved maintenance program) and any Aircraft Documents related to any such airframe or engine.
TO HAVE AND TO HOLD all and singular the aforesaid property unto the Collateral Agent, its respective successors and permitted assigns, in trust for the benefit and security of the Secured Parties for the uses and purposes, subject to the terms and provisions set forth in the Mortgage.
This Mortgage Supplement shall be construed as supplemental to the Mortgage and shall form a part thereof, and the Mortgage is hereby incorporated by reference herein and is hereby ratified, approved and confirmed. Each of airframes and engines described in Annex A hereto shall be added to Exhibit A to the Mortgage and shall constitute an “Airframe” and an “Engine”, as applicable, under the Mortgage, unless and until such airframe or such engine is released from the Lien of the Mortgage in accordance with the terms thereof.
This Mortgage Supplement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
THIS MORTGAGE SUPPLEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK AND THIS MORTGAGE SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
4835-3235-5039v.7 12479-82

UNDER THIS MORTGAGE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
4835-3235-5039v.7 12479-82

IN WITNESS WHEREOF, the Grantor and the Collateral Agent have caused this Mortgage and Security Agreement Supplement No. 1 to be duly executed by their respective officers thereunto duly authorized.
SOUTHWEST AIRLINES CO., as Grantor
By:    /s/ Chris Monroe    
    Name: Chris Monroe
    Title: SVP, Finance
JPMORGAN CHASE BANK, N.A., as Collateral Agent
By:    /s/ Cristina Caviness    
Name: Cristina Caviness
Title: Executive Director
Signature Page to Mortgage and Security Agreement Supplement No. 1
4835-3235-5039v.7 12479-82

Annex A
to Mortgage and Security Agreement Supplement No. 1
Airframes and Engines
Airframe MakeAirframe ModelAirframe MSNU.S. Reg. NumberEngine ManufacturerEngine ModelEngine MSN 1Engine MSN 2
1Boeing737-7H436913N943WNCFM InternationalCFM56-7B22E896468802895
2Boeing737-7H436659N944WNCFM InternationalCFM56-7B22E896402803888
3Boeing737-7H436660N945WNCFM InternationalCFM56-7B22E897306802953
4Boeing737-7H436918N946WNCFM InternationalCFM56-7B22E804107804108
5Boeing737-7H436924N947WNCFM InternationalCFM56-7B22E896235804191
6Boeing737-7H436662N948WNCFM InternationalCFM56-7B22E804203896240
7Boeing737-7H436663N949WNCFM InternationalCFM56-7B22E896467804322
8Boeing737-7H436664N950WNCFM InternationalCFM56-7B22E804336896389
9Boeing737-7H436665N951WNCFM InternationalCFM56-7B22E805301804303
10Boeing737-7BD36726N555LVCFM InternationalCFM56-7B22E804725805809
11Boeing737-7H436671N955WNCFM InternationalCFM56-7B22E804823804844
12Boeing737-7BD33936N556WNCFM InternationalCFM56-7B22E804863804885
13Boeing737-7H436672N956WNCFM InternationalCFM56-7B22E804897804899
14Boeing737-7H441528N957WNCFM InternationalCFM56-7B22E805933804955
15Boeing737-7H436673N958WNCFM InternationalCFM56-7B22E805936804960
16Boeing737-7H436674N959WNCFM InternationalCFM56-7B22E804908960139
17Boeing737-7H436675N960WNCFM InternationalCFM56-7B22E960180960182
18Boeing737-7H436962N961WNCFM InternationalCFM56-7B22E961177960192
19Boeing737-7H436963N962WNCFM InternationalCFM56-7B22E960213804223
20Boeing737-7H436676N963WNCFM InternationalCFM56-7B22E804278805295
21Boeing737-7H436965N964WNCFM InternationalCFM56-7B22E960259960266
22Boeing737-7H436677N965WNCFM InternationalCFM56-7B22E960280960292
23Boeing737-7H436966N966WNCFM InternationalCFM56-7B22E960282960284
24Boeing737-7H436967N967WNCFM InternationalCFM56-7B22E960275960329
(EACH OF WHICH ENGINES DESCRIBED ABOVE HAVING AT LEAST 550 RATED TAKEOFF HORSEPOWER OR THE EQUIVALENT THEREOF)

4835-3235-5039v.7 12479-82

SCHEDULE II
POOL ASSETS
Airframes and Engines
Airframe MakeAirframe ModelU.S. Reg. NumberAirframe MSNEngine ManufacturerEngine ModelEngine MSN 1Engine MSN 2
1Boeing737-8H4N8635F60083CFM InternationalCFM56-7B27E/F658992658949
2Boeing737-8H4N8634A42522CFM InternationalCFM56-7B27E/F658985658982
3Boeing737-8H4N8633A36905CFM InternationalCFM56-7B27E/F658937658892
4Boeing737-8H4N8632A60082CFM InternationalCFM56-7B27E/F658893658891
5Boeing737-8H4N8631A42385CFM InternationalCFM56-7B27E/F657908658873
6Boeing737-8H4N8623F36731CFM InternationalCFM56-7B27E/F658491658488
7Boeing737-8H4N8619F33939CFM InternationalCFM56-7B27E/F658361658359
8Boeing737-8H4N8620H42526CFM InternationalCFM56-7B27E/F658371658351
9Boeing737-8H4N8618N36915CFM InternationalCFM56-7B27E/F658355658354
10Boeing737-8H4N8617E36912CFM InternationalCFM56-7B27E/F658280658279
11Boeing737-8H4N8616C36914CFM InternationalCFM56-7B27E/F658267658257
12Boeing737-8H4N8615E36933CFM InternationalCFM56-7B27E/F962655658223
13Boeing737-8H4N8614M36908CFM InternationalCFM56-7B27E/F962723962719
14Boeing737-8H4N8613K36998CFM InternationalCFM56-7B27E/F963686962683
15Boeing737-8H4N8605E36891CFM InternationalCFM56-7B27E/F962478963475
16Boeing737-8H4N8329B37006CFM InternationalCFM56-7B27E/F962467962465
17Boeing737-8H4N8328A38818CFM InternationalCFM56-7B27E/F962456962448
18Boeing737-8H4N8327A37009CFM InternationalCFM56-7B27E/F962411962410
19Boeing737-8H4N8326F35969CFM InternationalCFM56-7B27E/F962416962415
20Boeing737-8H4N8325D37003CFM InternationalCFM56-7B27E/F962402962401
21Boeing737-7H4N954WN36669CFM InternationalCFM56-7B24/3804732804718
22Boeing737-7H4N953WN36668CFM InternationalCFM56-7B24/3804651804507
23Boeing737-7H4N952WN36667CFM InternationalCFM56-7B24/3804571804568
24Boeing737-7BDN7737E33929CFM InternationalCFM56-7B20894174894335
25Boeing737-7BDN7736A35109CFM InternationalCFM56-7B20894344890882
26Boeing737-7H4N258WN32516CFM InternationalCFM56-7B24894248894154
27Boeing737-7H4N257WN32515CFM InternationalCFM56-7B24894221892867
28Boeing737-7H4N256WN32514CFM InternationalCFM56-7B24894216894200
29Boeing737-7H4N255WN32513CFM InternationalCFM56-7B24894198894197
30Boeing737-7H4N254WN32512CFM InternationalCFM56-7B24894173894172
31Boeing737-7H4N253WN32511CFM InternationalCFM56-7B24895150894101
32Boeing737-7H4N252WN34973CFM InternationalCFM56-7B24894140894139
33Boeing737-7H4N251WN32510CFM InternationalCFM56-7B24894136894135
34Boeing737-7H4N250WN34972CFM InternationalCFM56-7B24894122892987
35Boeing737-7H4N249WN34951CFM InternationalCFM56-7B24892993892992
36Boeing737-7H4N247WN32508CFM InternationalCFM56-7B24892958892957
37Boeing737-7H4N246LV32507CFM InternationalCFM56-7B24892950892946
38Boeing737-7H4N245WN32506CFM InternationalCFM56-7B24892943892942
39Boeing737-7H4N244WN34864CFM InternationalCFM56-7B24874962892930
40Boeing737-7H4N239WN34714CFM InternationalCFM56-7B24892885892884
41Boeing737-7H4N238WN34713CFM InternationalCFM56-7B24892396892284
42Boeing737-7H4N236WN34631CFM InternationalCFM56-7B24892838892835
SCHEDULE II - 1


43Boeing737-7H4N235WN34630CFM InternationalCFM56-7B24893784892813
44Boeing737-7H4N234WN32502CFM InternationalCFM56-7B24892790892776
45Boeing737-7H4N233LV32501CFM InternationalCFM56-7B24893759893752
46Boeing737-7BDN7720F33922CFM InternationalCFM56-7B20892655892654
47Boeing737-7H4N228WN32496CFM InternationalCFM56-7B24892606892605
48Boeing737-7H4N222WN34290CFM InternationalCFM56-7B24892526892525
49Boeing737-7BDN7715E33921CFM InternationalCFM56-7B20893511893510
50Boeing737-7H4N221WN34259CFM InternationalCFM56-7B24892516892515
51Boeing737-752N7835A34294CFM InternationalCFM56-7B22892486893127
52Boeing737-7H4N218WN32489CFM InternationalCFM56-7B24892439892438
53Boeing737-7H4N217JC34232CFM InternationalCFM56-7B24892429892428
54Boeing737-7BDN7713A33919CFM InternationalCFM56-7B20892416892415
55Boeing737-7H4N214WN32486CFM InternationalCFM56-7B24892183892182
56Boeing737-7H4N215WN32487CFM InternationalCFM56-7B24893199893194
57Boeing737-7H4N213WN34217CFM InternationalCFM56-7B24892217892212
58Boeing737-7H4N212WN32485CFM InternationalCFM56-7B24892201892195
59Boeing737-7H436913N943WNCFM InternationalCFM56-7B22E896468802895
60Boeing737-7H436659N944WNCFM InternationalCFM56-7B22E896402803888
61Boeing737-7H436660N945WNCFM InternationalCFM56-7B22E897306802953
62Boeing737-7H436918N946WNCFM InternationalCFM56-7B22E804107804108
63Boeing737-7H436924N947WNCFM InternationalCFM56-7B22E896235804191
64Boeing737-7H436662N948WNCFM InternationalCFM56-7B22E804203896240
65Boeing737-7H436663N949WNCFM InternationalCFM56-7B22E896467804322
66Boeing737-7H436664N950WNCFM InternationalCFM56-7B22E804336896389
67Boeing737-7H436665N951WNCFM InternationalCFM56-7B22E805301804303
68Boeing737-7BD36726N555LVCFM InternationalCFM56-7B22E804725805809
69Boeing737-7H436671N955WNCFM InternationalCFM56-7B22E804823804844
70Boeing737-7BD33936N556WNCFM InternationalCFM56-7B22E804863804885
71Boeing737-7H436672N956WNCFM InternationalCFM56-7B22E804897804899
72Boeing737-7H441528N957WNCFM InternationalCFM56-7B22E805933804955
73Boeing737-7H436673N958WNCFM InternationalCFM56-7B22E805936804960
74Boeing737-7H436674N959WNCFM InternationalCFM56-7B22E804908960139
75Boeing737-7H436675N960WNCFM InternationalCFM56-7B22E960180960182
76Boeing737-7H436962N961WNCFM InternationalCFM56-7B22E961177960192
77Boeing737-7H436963N962WNCFM InternationalCFM56-7B22E960213804223
78Boeing737-7H436676N963WNCFM InternationalCFM56-7B22E804278805295
79Boeing737-7H436965N964WNCFM InternationalCFM56-7B22E960259960266
80Boeing737-7H436677N965WNCFM InternationalCFM56-7B22E960280960292
81Boeing737-7H436966N966WNCFM InternationalCFM56-7B22E960282960284
82Boeing737-7H436967N967WNCFM InternationalCFM56-7B22E960275960329

(EACH OF WHICH ENGINES DESCRIBED ABOVE HAVING AT LEAST 550 RATED TAKEOFF HORSEPOWER OR THE EQUIVALENT THEREOF)



SCHEDULE II - 2

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