WLFC FUNDING CORPORATION
Issuer
and
THE BANK OF NEW YORK
Indenture Trustee
INDENTURE
Dated as of September 1, 1997
TABLE OF CONTENTS
Page
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ARTICLE IDEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Section 101. DEFINED TERMS. . . . . . . . . . . . . . . . . . . . . . . 3
Section 102. OTHER DEFINITIONAL PROVISIONS. . . . . . . . . . . . . . .21
Section 103. COMPUTATION OF TIME PERIODS. . . . . . . . . . . . . . . .22
Section 104. DUTIES OF ADMINISTRATIVE AGENT . . . . . . . . . . . . . .22
ARTICLE IITHE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23
Section 201. AUTHORIZATION OF NOTES . . . . . . . . . . . . . . . . . .23
Section 202. FORM OF NOTES. . . . . . . . . . . . . . . . . . . . . . .23
Section 203. EXECUTION; RECOURSE OBLIGATION . . . . . . . . . . . . . .23
Section 204. CERTIFICATE OF AUTHENTICATION. . . . . . . . . . . . . . .24
Section 205. REGISTRATION; REGISTRATION OF TRANSFER AND
EXCHANGE OF NOTES . . . . . . . . . . . . . . . . . . . . . . .24
Section 206. MUTILATED, DESTROYED, LOST AND STOLEN NOTES. . . . . . . .26
Section 207. DELIVERY, RETENTION AND CANCELLATION OF NOTES. . . . . . .27
ARTICLE IIIPAYMENT OF NOTES; STATEMENTS TO NOTEHOLDERS . . . . . . . . . . . .29
Section 301. PRINCIPAL AND INTEREST . . . . . . . . . . . . . . . . . .29
Section 302. DIRECTION TO LESSEES . . . . . . . . . . . . . . . . . . .29
Section 303. TRUST ACCOUNT. . . . . . . . . . . . . . . . . . . . . . .29
Section 304. INVESTMENT OF MONIES HELD IN THE TRUST ACCOUNT, THE
RESTRICTED CASH ACCOUNT, ENGINE RESERVE ACCOUNT, THE
SECURITY DEPOSIT ACCOUNT AND SERIES ACCOUNTS. . . . . . . . . .30
Section 305. REPORTS TO NOTEHOLDERS . . . . . . . . . . . . .