Facebook pixel

Summary of the Meeting of the Board of Directors

Tuesday, March 23, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, May 6, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

MARCH 23, 2010

ITEM NO 1. Minutes of February 4, 2010, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 2. Minutes of February 18, 2010, Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 3. Country JORDAN - AP079558XX
FOREIGN BUYER: VTEL Holdings, Ltd. Dubai
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the request.

ITEM NO 4A
Country MOROCCO AP078791XX
Request for FINAL COMMITMENT Conversion No 8

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender APPLE BANK FOR SAVINGS, MANHASSET NY
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 4B
Country MOROCCO PC078791XX
Request for Amendment of the Preliminary Commitment

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 05/14/10

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the amendment, Director Farrell recused herself.

ITEM NO 4C
Country MOROCCO PC083154XX
Request for Amendment of the Preliminary Commitment

Applicant ROYAL AIR MAROC, CASABLANCA MOROCCO
Borrower SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Buyer SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
End-user ROYAL AIR MAROC, CASABLANCA MOROCCO
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier ADDITIONAL SUPPLIERS
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ROYAL AIR MAROC, CASABLANCA MOROCCO
Lessee ROYAL AIR MAROC, CASABLANCA MOROCCO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 02/14/10

Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the amendment, Director Farrell recused herself.

ITEM NO 5
Country TURKEY AP084864XX
Request for FINAL COMMITMENT

Applicant SUNEXPRESS, ANTALYA TURKEY
Borrower SPV/SUNEXPRESS, ANTALYA TURKEY
Buyer SPV/SUNEXPRESS, ANTALYA TURKEY
End-user SUNEXPRESS, ANTALYA TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender TORONTO-DOMINION BANK, THE, MOUNT LAUREL NJ
Lessor SPV/SUNEXPRESS, ANTALYA TURKEY
Lessee SUNEXPRESS, ANTALYA TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: Refer To U.S. Congress. Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.