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Document Preview Operating Agreement |
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Title: |
Operating Agreement |
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Entities: |
Boeing Co.; Boeing Capital Services Corporation |
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Date: |
2000 |
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Size: |
Preview shows 2KB of 13KB total |
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Price: |
$35 |
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ID: |
#215223 |
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OPERATING AGREEMENT
This Operating Agreement, dated as of September 13, 2000, is between
The Boeing Company, a Delaware corporation ("Boeing"), and Boeing Capital
Services Corporation, a Delaware corporation ("BCSC").
W I T N E S S E T H:
WHEREAS, BCSC is a wholly-owned subsidiary of Boeing, responsible for
financing purchases by Boeing customers of products and services; and
WHEREAS, it is in the interests of Boeing and of BCSC that BCSC has the
opportunity to provide such financing on the terms and conditions set forth
below;
NOW, THEREFORE, in consideration for the mutual covenants and other
good and valuable consideration, the parties hereto agree as follows.
A G R E E M E N T S
SECTION 1. CUSTOMER FINANCING. Boeing agrees to tender, or cause to be
tendered, to BCSC, for investment by BCSC or a subsidiary thereof all the
opportunities to finance potential customers of Boeing for any product or
service (each, a "Product"), including without limitation, all (i) leases, (ii)
promissory notes, (iii) participations in promissory notes, (iv) installment
sales contracts, (v) conditional sales contracts, and (vi) all other similar
evidences of indebtedness or title retention agreements, all of such financings
to be tendered together with any related security agreements or other lien
instruments. Such tender shall be made by Boeing at the time the potential for
customer financing arises but no later than the time the Product with respect to
which the particular financing relates is delivered and any security interest
therefor is perfected. The provisions of this paragraph shall not apply with
respect to any customary predelivery financing, spares financing or sales to
third party leasing companies undertaken by Boeing. Boeing shall not be required
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