Common use of Unfunded Commitments Clause in Contracts

Unfunded Commitments. Serial No. Comments --------- ---------------------------------------------------------------------- 21426 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 21427 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 21947 Obligation to provide modification financing pursuant to Letter Agreement No. 1, dated February 5, 1993. 47082 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47096 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47617 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47734 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. SCHEDULE 8 RECEIVABLES AND RECEIVABLE DOCUMENTS Principal Balance as of 4/1/97: Receivable Agreements ------------- --------------------- $114,385.00 Purchase Money Promissory Note, dated February 9, 1995, by American International Airlines, Inc. ("Borrower") payable to First Security Bank of Utah, National Association ("Lender"), as owner trustee under that certain Trust Agreement dated as of June 27, 1986, for the benefit of Polaris Aircraft Income Fund II, in the original principal sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (U.S. $1,980,000). Executed pursuant to that certain Aircraft Purchase Agreement, dated January 27, 1995, and secured by that certain Aircraft Security Agreement and Chattel Mortgage, dated _____________, pertaining to one hushkitted Boeing 727-200 bearing MSN 19455 and FAA No. N4735. $390,211.80 Promissory Note, dated March 4, 1996, by WestJet Airlines Ltd. ("Maker") payable to First Security Bank of Utah, National Association ("Payee"), as owner trustee under that certain Amended and Restated Trust Agreement dated as of March 23, 1988, for the benefit of Polaris Aircraft Income Fund II, in the original principal sum of Eight Hundred and Forty-three Thousand Two Hundred Dollars ($843,200). Executed pursuant to that certain Aircraft Sale Agreement, dated as of March 4, 1996, between Maker and Payee, as owner trustee, and secured by that certain Aircraft Security Agreement of the same date, pertaining to one Boeing ▇▇▇-▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, and including one ▇▇▇▇▇ & ▇▇▇▇▇▇▇ JT8D-9A Engine, Serial No. 665497.

Unfunded Commitments. Serial No. Comments --------- ---------------------------------------------------------------------- 21426 ----------- ----------------------------------------------------------- 19733 Obligation to finance costs incurred in connection with complying with Airworthiness Directives and as otherwise described in Letter Agreement No. 1, dated August 10, 1994. 21999 Obligation to provide modification hushkit financing on six (6) months' written notice and 80% spare engine financing with 10 days written notice, pursuant to Letter Agreement No. 1, dated February 5December 15, 19931992. 21427 23014 Obligation to provide modification hushkit financing on six (6) months' written notice, pursuant to Letter Agreement No. 1, dated February 5December 15, 19931992. 21947 22162 Obligation to provide modification hushkit financing on six (6) months' written notice, pursuant to Letter Agreement No. 1, dated February 5December 15, 1993. 47082 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47096 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47617 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 1991. 47734 Obligation to provide modification financing pursuant to Amendment No. 3 Side Letter, dated December 27, 19911992. SCHEDULE 8 RECEIVABLES AND RECEIVABLE DOCUMENTS Principal Balance balance as of 4/1/97: Receivable Agreements ------------- --------------------- $114,385.00 11,437,740.66 Purchase Money Promissory Note, dated February 9June 27, 19951996, by American International Airlines, Inc. ("Borrower") payable to First Security Bank of Utah, National Association ("Lender"), as owner trustee under that certain Amended and Restated Trust Agreement dated as of June 27November 17, 19861989, for the benefit of Polaris Aircraft Income Fund IIV (Beneficiary A), in the original principal sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Thirteen Million United States Dollars (U.S. $1,980,00013,000,000). Executed pursuant to that certain Aircraft Purchase Agreement, dated January 27as of June 17, 19951996, and secured by that certain Aircraft Security Agreement and Chattel Mortgage, dated as of _____________, pertaining to one hushkitted Boeing 727747-200 132 Freighter Aircraft bearing MSN 19455 and FAA No. N4735. $390,211.80 Promissory Note, dated March 4, 1996, by WestJet Airlines Ltd. ("Maker") payable to First Security Bank of Utah, National Association ("Payee"), as owner trustee under that certain Amended and Restated Trust Agreement dated as of March 23, 1988, for the benefit of Polaris Aircraft Income Fund II, in the original principal sum of Eight Hundred and Forty-three Thousand Two Hundred Dollars ($843,200). Executed pursuant to that certain Aircraft Sale Agreement, dated as of March 4, 1996, between Maker and Payee, as owner trustee20247, and secured by that certain Aircraft Security Agreement of the same date, pertaining to one Boeing ▇▇▇-▇▇▇ ▇including three P▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇& W▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇JT9D-7A engines bearing serial nos. 662405, 663032 and including one ▇▇▇▇▇ & ▇▇▇▇▇▇▇ JT8D-9A Engine, Serial No. 665497685653.