Exhibit
10.64
AIRTRAN
HOLDINGS, INC.
WARRANTS
TO PURCHASE
SHARES
OF COMMON STOCK
REGISTRATION RIGHTS
AGREEMENT
October
31, 2008
Bank of Utah, as
trustee
Salt Lake City,
Utah 84111
Attention: Corporate
Trust Department
Ladies and
Gentlemen:
Pursuant to (i) an
Amended and Restated Revolving Line of Credit and Reimbursement
Agreement (the “ Credit Agreement ”) dated
October 31, 2008 by and among AirTran Airways, Inc. (“
Airways ”), AirTran Holdings, Inc. (the “
Issuer ”) and Bank of Utah, not in its individual
capacity but as trustee (the “ Trustee ”) under
that certain Trust Agreement dated October 30, 2008, the Issuer is
issuing to the Trustee in such trust capacity as the initial holder
(the “ Initial Holder ”), 4,700,886 warrants
(the “ Warrants ”) to purchase an aggregate of
Four Million Seven Hundred Thousand Eight Hundred Eighty-Six
(4,700,886) shares of the Issuer’s common stock, par value
$0.001 per share (the “ Common Stock
”). As an inducement to the Initial Holder to
enter into the Credit Agreement, the Issuer agrees with the Initial
Holder, for the equal and ratable benefit of the Holders of the
Warrants as follows:
Capitalized terms not
otherwise defined herein shall have the respective meanings
ascribed to them in the Warrant Agreement. As used in
this Agreement, the following terms shall have the following
meanings:
Agreement:
This
Registration Rights Agreement, dated as of the Closing Date, among
the Issuer and the Initial Holder.
Business
Day: A day that is not a
Saturday, a Sunday or a day on which banking institutions in the
City of New York are authorized or required by law or executive
order to be closed.
Closing
Date: October 31,
2008.
Common
Stock: See the first
introductory paragraph to this Agreement.
Credit
Agreement: See the first
introductory paragraph to this Agreement.
Day:
Unless
otherwise expressly provided, a calendar day.
Effectiveness
Date: The 240th day after
the Closing Date.
Effectiveness
Period: See Section
2(a) .
Exchange
Act: The Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated
thereunder.
Exercise
Date: The date on which the
Warrants are first exercisable.
Filing
Date: The 180th day after
the Closing Date.
Holder:
A
registered holder of Registrable Securities.
Indemnified
Party: See Section
4(c) .
Indemnifying
Party: See Section
4(c) .
Initial
Holder: See the first
introductory paragraph to this Agreement.
Issuer:
See the
first introductory paragraph to this Agreement.
NASD:
National
Association of Securities Dealers, Inc.
Person:
An
individual, trustee, corporation, partnership, limited liability
company, joint stock company, trust, unincorporated association,
union, business association, firm, government or agency or
political subdivision thereof, or other legal entity.
Piggy-Back
Registration: See Section
2(b) .
Prospectus:
The
prospectus included in any Registration Statement with respect to
the terms of the offering of any portion of the Registrable
Securities covered by such Registration Statement (including,
without limitation, a prospectus that discloses information
previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A promulgated under
the Securities Act), as such prospectus may be amended or
supplemented, including, without limitation, as such prospectus may
be amended pursuant to Rule 424(b) promulgated under the Securities
Act.
Registrable
Securities: Any of (i) the Warrant
Shares (whether or not the related Warrants have been exercised),
or (ii) any other securities issued or issuable with respect to any
Warrant Shares by way of stock dividends or stock splits or in
connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization or otherwise. As
to any particular Registrable Securities, such securities shall
cease to be Registrable Securities when (i) such securities shall
have been disposed of by the holder thereof pursuant to a
Registration Statement that has been declared effective
under the Securities
Act, (ii) such securities are eligible for sale to the public by
non-affiliates of the Issuer pursuant to Rule 144 by the holder
thereof without being subject to volume limitations, or (iii) such
securities shall have otherwise been transferred by the holder
thereof in compliance with the Securities Act and any applicable
state securities laws and new certificates for such securities not
bearing a legend restricting further transfer shall have been
delivered by the Issuer or its transfer agent or direct
registration or other book entry registration of such securities
without reference to any restriction restricting further transfer
shall have been effected by the Issuer or its transfer
agent. For the avoidance of doubt, if at any time after
the Warrants comply with clause (ii) above, if at such time there
are no outstanding Warrant Shares which were exercised other than
by the cashless exercise feature of such Warrants, then the parties
agree that the provisions of clause (ii) shall be satisfied if such
Warrant Shares issuable upon the future exercise of such Warrants
pursuant to such cashless exercise provision would then otherwise
meet the requirements for sale by non-affiliates pursuant to Rule
144 without volume limits.
Registrable
Shares: Any of (i) the Warrant
Shares (whether or not the related Warrants have been exercised),
and (ii) any other securities issued or issuable with respect to
any Warrant Shares by way of stock dividends or stock splits or in
connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization or otherwise. As
to any particular Registrable Shares, such securities shall cease
to be Registrable Shares when (i) such securities shall have been
disposed of by the holder thereof pursuant to a Registration
Statement that has been declared effective under the Securities
Act, (ii) such securities are eligible for sale to the public by
non-affiliates of the Issuer pursuant to Rule 144 by the holder
thereof without being subject to volume limitations, or (iii) such
securities shall have otherwise been transferred by the holder
thereof in compliance with the Securities Act and any applicable
state securities laws and new certificates for such securities not
bearing a legend restricting further transfer shall have been
delivered by the Issuer or its transfer agent or direct
registration or other book entry registration of such securities
without reference to any restriction restricting further transfer
shall have been effected by the Issuer or its transfer
agent.
Registration
Expenses: See Section 3
.
Registration
Statement: Any registration
statement filed under the Securities Act covering the Registrable
Securities.
Rule 144:
Rule 144
promulgated under the Securities Act, as such rule may be amended
from time to time.
Rule 415:
Rule 415
promulgated under the Securities Act, as such rule may be amended
from time to time.
SEC:
The United
States Securities and Exchange Commission.
Securities:
The
Warrants and the Warrant Shares.
Securities
Act: The Securities Act of
1933, as amended, and the rules and regulations promulgated
thereunder.
Selling
Holder: A Holder of Registrable
Securities who is selling Registrable Securities in accordance with
Section 2 hereof.
Underwritten
Registration or Underwritten Offering: A registration in
which securities of the Issuer are sold to an underwriter for
reoffering to the public.
Warrant
Agreement: The Warrant Agreement,
dated as of the Closing Date, between the Issuer and Bank of Utah,
as Trustee.
Warrant
Shares: The shares of Common
Stock issuable upon exercise of the Warrants.
Warrants:
See the
first introductory paragraph to this Agreement.
2.
Registration of
Registrable Securities
(a)
Shelf Registration of
Registrable Securities .
(i)
The Issuer shall (x)
prepare and file with the SEC promptly after the date hereof, but
in no event later than the Filing Date, a “shelf”
Registration Statement pursuant to Rule 415 (the “ Shelf
Registration Statement ”) covering resales of the
Registrable Securities (the “ Registration ”),
(y) use its best efforts to cause such Shelf Registration Statement
to be declared effective under the Securities Act as promptly as
practicable after the filing thereof, but in no event later than
the Effectiveness Date and (z) use its best efforts to keep the
Shelf Registration Statement effective until October 31, 2013 or
such shorter period that will terminate when (I) all of the
Registrable Securities have been sold pursuant to a Registration
Statement or (II) all the outstanding Securities cease to be
Registrable Securities (the “ Effectiveness Period
”). Notwithstanding an early termination pursuant
to Section 2(a)(i)(z)(II), the Issuer’s registration
obligations under this Section 2(a)(i) shall be immediately
reinstated if at any time during the term of this Agreement
Warrants or Warrant Shares once again become Registrable
Securities, because they are no longer eligible for sale to the
public by non-affilates of the Issuer pursuant to Rule 144 by the
holder thereof without being subject to volume limitations,
provided that in the case of any reinstated registration obligation
Issuer shall have 30 days to file and have declared effective any
such Registration Statement, before the failure to file and
maintain a Registration Statement shall be a Registration
Default. The Issuer shall provide to each Holder of
Registrable Securities copies of the Prospectus that is a part of
the Shelf Registration Statement, notify each such Holder of
Registrable Securities when the Shelf Registration Statement has
become effective and take such other actions as are required to
permit unrestricted resales of the Registrable
Securities. The Issuer shall require a Selling Holder
that sells Registrable Securities pursuant to the Shelf
Registration Statement to be named as a Selling Holder in the
related prospectus and to deliver a prospectus to purchasers, and
any such Selling Holder shall be bound by the provisions of this
Agreement that are applicable to such Selling Holder (including
certain indemnification rights and obligations). Each
Selling Holder shall deliver information to be used in connection
with the Shelf Registration Statement within the time period set
forth in this Agreement in order to have its Registrable Securities
included in the Shelf Registration Statement.
(ii)
If the Registration, or
any Subsequent Registration (as defined below) ceases to be
effective for any time during the Effectiveness Period, the Issuer
shall use its commercially reasonable efforts to obtain the prompt
withdrawal of any order suspending the effectiveness thereof, and
in any event shall within 30 days of such cessation of
effectiveness amend such Registration Statement if and to the
extent such amendment can be reasonably expected to obtain the
withdrawal of the order suspending the effectiveness thereof, or
the Issuer shall use its best efforts to file an additional
“shelf” Registration Statement (a “ Subsequent
Registration Statement ”) pursuant to Rule 415 covering
all of the Registrable Securities (a “ Subsequent
Registration ”) on or prior to 90 days after such
cessation of effectiveness and to cause the Subsequent Registration
Statement to be declared effective on or prior to 180 days after
such cessation of effectiveness. Upon a Subsequent
Registration Statement being declared effective, the Issuer shall
use its best efforts to keep such Subsequent Registration Statement
continuously effective for a period equal to the number of days in
the Effectiveness Period less the aggregate number of days during
which the Registration Statement, and any Subsequent Registration,
was previously effective.
(b)
Piggy-Back Registration
of Registrable Warrant Shares .
(i)
If at any time after
the Closing Date and prior to the Filing Date the Issuer proposes
to file a registration statement under the Securities Act with
respect to an offering by the Issuer for its own account or for the
account of any holders of its Common Stock (other than (x) a
registration statement on Form S-4 or Form S-8 (or any substitute
form that may be adopted by the SEC) or (y) a registration
statement filed in connection with an exchange offer or offering of
securities solely to the Issuer's existing security holders), then
the Issuer shall give written notice of such proposed filing to the
Holders of Registrable Shares as soon as practicable (but in no
event fewer than 30 days before the anticipated filing date), and
such notice shall offer such Holders the opportunity to register
such number of Registrable Shares as each Holder of Registrable
Shares may request in writing within 20 days after receipt of such
written notice from the Issuer (which request shall specify the
Registrable Shares intended to be disposed of by such Selling
Holder and the intended method of distribution thereof) (a “
Piggy-Back Registration ”). The Issuer
shall use its reasonable best efforts to keep such Piggy-Back
Registration continuously effective under the Securities Act until
at least the earlier of (x) the end of the Effectiveness Period or
(y) the consummation of the distribution by the Selling Holders of
all of the Registrable Shares covered thereby. The
Issuer shall use its reasonable efforts to cause the managing
underwriter or underwriters, if any, of such proposed offering to
permit the Registrable Shares requested to be included in a
Piggy-Back Registration to be included on the same terms and
conditions as any similar securities of the Issuer or any other
security holder included therein and to permit the sale or other
disposition of such Registrable Shares in accordance with the
intended method of distribution thereof.
(ii)
Priority in Piggy-Back
Registration . In a
registration pursuant to this Section 2(b) involving an
underwritten offering, if the managing underwriter or underwriters
of such underwritten offering have informed, in writing, the Issuer
and the Selling Holders requesting inclusion in such offering that
in such underwriter's or underwriters’ opinion the total
number of securities which the Issuer, the Selling Holders and any
other Persons desiring to participate in such registration intend
to include in such offering is such as to adversely affect the
success of such offering, including the price at which such
securities can be sold, then the Issuer will be required to include
in such registration only the amount of securities which it is so
advised should be included in such registration. In such
event: (x) in cases initially involving the registration for sale
of securities for the Issuer’s own account, securities shall
be registered in such offering in the following order of priority:
(i) first, the securities which the Issuer proposes to register,
(ii) second, provided that no securities proposed to be registered
by the Issuer have been excluded from such registration, the
securities that have been requested to be included in such
registration by the Selling Holders, and (iii) third, provided that
no securities sought to be included by the Selling Holders have
been excluded from such registration, the securities of other
Persons entitled to exercise “piggy-back” registration
rights pursuant to contractual commitments of the Issuer (pro rata
based on the amount of securities sought to be registered by such
Persons); and (y) in cases not initially involving the registration
for sale of securities for the Issuer’s own account,
securities shall be registered in such offering in the following
order of priority: (i) first, the securities of any Person whose
exercise of a “demand” registration right pursuant to a
contractual commitment of the Issuer is the basis for the
registration, (ii) second, provided that no securities of any
Person whose exercise of a “demand” registration right
pursuant to a contractual commitment of the Issuer is the basis for
such registration have been excluded from such registration, the
securities requested to be included in such registration by the
Selling Holders pursuant to this Agreement, (iii) third, provided
that no securities sought to be included by the Selling Holders or
such Persons have been excluded from such registration, securities
of other Persons entitled to exercise “piggy-back”
registration rights pursuant to contractual commitments of the
Issuer (pro rata based on the amount of securities sought be
registered by such Persons) and (iv) fourth, provided that no
securities sought to be included by other Persons entitled to
exercise “piggy-back” registration rights pursuant to
such contractual commitments have been excluded from such
registration, any securities which the Issuer proposes to
register.
(iii)
Suspension of Sales,
etc. During any
consecutive 365-day period, the Issuer shall be entitled to suspend
the availability of the Piggy-Back Registration for up to two 45
consecutive-day periods (except during the 45 consecutive-day
period immediately prior to the Filing Date) if the Board of
Directors of the Issuer determines in good faith that the
effectiveness of, or sales pursuant to, such Piggy-Back
Registration would materially impede, delay or interfere with any
significant financing, offer or sale of securities, acquisition,
corporate reorganization or other significant transaction involving
the Issuer or any of its affiliates. If the Issuer shall
so postpone the effectiveness of, or suspend the rights of any
Selling Holders to make sales pursuant to, a Piggy-Back
Registration, it shall, as promptly as possible, notify any Selling
Holders of such determination, and the Selling Holders shall (y)
have the right, in the case of a postponement of the effectiveness
of a Piggy-Back Registration, upon the affirmative vote of Selling
Holders of not less than a majority of the Registrable Warrant
Shares to be included in such Piggy-Back Registration, to withdraw
the request for registration by giving written notice to the
Iss