Commerzbank Leasing December (12) Limited

ALL THE COMPANY'S OBLIGATIONS (A) TO APP OINT THE MORTGAGEE AS THE AGENT OF THE C OMPANY TO SELL THE AIRCRAFT PURSUANT TO AND IN ACCORDANCE WITH THE TERMS AND CON DITIONS OF THE SALES AGENCY AGREEMENT AN D/OR THE LEASE FACILITY AGREEMENT WHEN R EQUIRED TO DO SO PURSUANT TO THE TERMS O F THE LEASE FACILITY AGREEMENT, (B) TO T RANSFER TITLE TO THE AIRCRAFT TO ANY PUR CHASER IDENTIFIED BY THE MORTGAGEE IN PE RFORMANCE OF THE MORTGAGEE'S OBLIGATIONS REFERRED TO IN PARAGRAPH (A) ABOVE, (C) TO APPLY OR TO PROCURE THE APPLICATION OF RELEVANT PROCEEDS UNDER OR PURSUANT T O AND IN ACCORDANCE WITH THE PROVISIONS OF CLAUSE 9 OF THE LEASE FACILITY AGREEM ENT AND (D) TO PAY ANY AMOUNT DUE TO THE MORTGAGEE FROM THE COMPANY FROM TIME TO TIME PURSUANT TO AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE REBATE AGREEMENT OR THE LEASE FACILITY AGREEMEN T FOLLOWING THE SALE OF THE AIRCRAFT BY THE COMPANY (THE SECURED OBLIGATIONS)