Common use of Restructuring Agreement Clause in Contracts

Restructuring Agreement. Reference is hereby made to that certain Amended and Restated Restructuring Agreement (as amended and in effect from time to time, the “Restructuring Agreement”), dated as of March 9, 2007 by and between Great Lakes Aviation, Ltd., an Iowa corporation (the “Debtor”), and Raytheon Aircraft Credit Corporation, a Kansas corporation (“RACC”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Restructuring Agreement.

Restructuring Agreement. Reference is hereby made to (i) that certain Amended and Restated Restructuring Agreement (as amended and in effect from time to time, the “Restructuring Agreement”), dated as of March 9December 31, 2007 2002, by and between Great Lakes Aviation, Ltd., an Iowa corporation (the “Debtor”), and Raytheon Aircraft Credit Corporation, a Kansas corporation (“RACC”) and (ii) that certain forbearance extension letter dated as of December 11, 2003 (the “Forbearance Letter”), by and between the Debtor and RACC. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Restructuring Agreement.