Common use of Controlling Version Clause in Contracts

Controlling Version. This Lease Extension and Amendment Agreement has been negotiated, executed and delivered in English. In case of any conflict or discrepancy between the executed English version of this Lease Extension and Amendment Agreement and any Spanish translation thereof or any extract thereof recorded at the Public Registry of Panama or any other governmental office, the English version of this Lease Extension and Amendment Agreement shall prevail. SCHEDULE 1 EXHIBIT G (Revised) to Aircraft Lease Agreement FORM OF LETTER OF CREDIT [NAME OF ISSUING BANK] IRREVOCABLE STANDBY LETTER OF CREDIT DATED: _____, _____ Aviation Financial Services Inc. c/o GE Capital Aviation Services 201 High Ri▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ ▇. ▇▇: Letter of Credit ___________ Account Party: Compania Panamena de Aviacion, S.A. Gentlemen: At the request and for the account of Compania Panamena de Aviacion, S.A. ("Lessee"), a corporation organized and existing under the laws of Panama, we hereby establish in your favor, as lessor under that certain Aircraft Lease Agreement dated as of November 18, 1998 (the "Lease Agreement"), between Aviation Financial Services Inc. as lessor and Lessee as lessee, our Irrevocable Standby Letter of Credit No. _____, in the aggregate maximum amount of [as specified in Exhibit C to the Lease Agreement], effective on the date set forth above and expiring on the LOC Expiration Date (as defined below).

Controlling Version. This Lease Extension and Amendment Agreement has been negotiated, executed and delivered in English. In case of any conflict or discrepancy between the executed English version of this Lease Extension and Amendment Agreement and any Spanish translation thereof or any extract thereof recorded at the Public Registry of Panama or any other governmental office, the English version of this Lease Extension and Amendment Agreement shall prevail. SCHEDULE 1 EXHIBIT G (Revised) to Aircraft Lease Agreement FORM OF LETTER OF CREDIT [NAME OF ISSUING BANK] IRREVOCABLE STANDBY LETTER OF CREDIT DATED: _____, _____ Aviation Financial Services Inc. c/o GE Capital Aviation Services 201 High Ri▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ ▇. ▇▇: Letter ▇▇tter of Credit ___________ Account Party: Compania Panamena de Aviacion, S.A. Gentlemen: At the request and for the account of Compania Panamena de Aviacion, S.A. ("Lessee"), a corporation organized and existing under the laws of Panama, we hereby establish in your favor, as lessor under that certain Aircraft Lease Agreement dated as of November 18, 1998 (the "Lease Agreement"), between Aviation Financial Services Inc. as lessor and Lessee as lessee, our Irrevocable Standby Letter of Credit No. _____, in the aggregate maximum amount of [as specified in Exhibit C to the Lease Agreement], effective on the date set forth above and expiring on the LOC Expiration Date (as defined below).