MNAA RESOLUTION NO. 2025-15

MNAA RESOLUTION NO. 2025-15 AN INITIAL RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE METROPOLITAN NASHVILLE AIRPORT AUTHORITY PERTAINING TO A NOT TO EXCEED $400,000,000 ADDITIONAL LOAN UNDER THE AUTHORITY'S AMENDED AND RESTATED NOTE PURCHASE AGREEMENT AND NOT TO EXCEED $1,770,000,000 AGGREGATE PRINCIPAL AMOUNT OF METROPOLITAN NASHVILLE AIRPORT AUTHORITY AIRPORT IMPROVEMENT REVENUE BONDS, IN ONE OR MORE SERIES, TO FINANCE A PORTION OF THE COST OF THE AUTHORITY'S CAPITAL PROGRAM AT NASHVILLE INTERNATIONAL AIRPORT AND JOHN C. TUNE AIRPORT. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE METROPOLITAN NASHVILLE AIRPORT AUTHORITY: SECTION 1 Note Purchase Agreement. In order to provide funds to finance a portion of the cost of the Metropolitan Nashville Airport Authority (the "Authority") capital program, including land acquisition and the acquisition, construction, rehabilitation, replacement, repair, renovation, improvement and reconstruction of terminal, airfield, parking, hangar, roadway, and other airport structures and facilities and the acquisition of airport equipment and other facilities and improvements as may be necessary and appropriate for the operation of such airport facilities at the Nashville International Airport or John C. Tune Airport (the "CP"), the Authority will authorize an additional borrowing under its Amended and Restated Note Purchase Agreement, dated October 30, 2024, with Bank of America, N.A. in a total amount not to exceed $400,000,000 (the "Additional Loan"). SECTION 2 Bonds. In order to provide funds to finance a portion of the cost of the CP, Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, in one or more series (the "Bonds") in the total principal amount not to exceed $1,770,000,000 will be issued by the Authority. SECTION 3 Maximum Rate. The Additional Loan will bear interest at a variable rate of interest per annum not to exceed the maximum rate permitted by law. The Bonds will bear interest at a fixed rate of interest per annum not to exceed the maximum rate permitted by law. SECTION 4 Additional Loan and Bonds Payable from Available Revenues of the Authority. The Additional Loan and the Bonds will be payable by the Authority from available revenues of the Authority collected or received by the Authority. SECTION 5 Publication of Resolution. This resolution shall be published in full once in a newspaper of general circulation in the Nashville and Davidson County, Tennessee area. SECTION 6 Effectiveness of Resolution. This resolution shall take effect immediately. Approved this 15th day of October, 2025. October 20 2025 LOKR0390695