Delta Airlines 2003 Annual Report Download - page 188

(vi) that Notes must be surrendered to the Paying Agent to
collect the Purchase Price;
(vii) that, unless the Company defaults in making payment
of such Purchase Price, the Notes so purchased will cease to be
outstanding and interest and Liquidated Damages, if any, on the Notes
so purchased will cease to accrue on and after the relevant Purchase
Date;
(viii) that all rights of the Holder will terminate on and
after the relevant Purchase Date (other than the right to receive the
Purchase Price upon delivery or transfer of the Notes to be purchased);
and
(ix) if fewer than all the outstanding Notes are to be
purchased, the certificate/CUSIP number(s) and principal amounts of the
particular Notes to be purchased.
(f) Simultaneously with delivering the written notice pursuant to
Section 4.08(e) above, the Company shall publish a notice containing all
information specified in such written notice in a newspaper of general
circulation in The City of New York, or publish such information on the
Company's website, or through such other public medium that reasonably could be
expected to inform Holders of such information.
(g) Procedure upon Purchase. The Company shall deposit the cash at the
time and in the manner as provided in Section 4.11, in an amount sufficient to
pay the aggregate Purchase Price of all Notes to be purchased pursuant to this
Section 4.08.
SECTION 4.09 Repurchase at the Option of Holders Upon Designated Event.
(a) Following a Designated Event (the date of each such occurrence
being the "Designated Event Date"), the Company shall notify the Holders in
writing of such occurrence (such written notice referred to herein as the
"Designated Event Notice") and shall make an offer (the "Designated Event
Offer") to repurchase all Notes then outstanding at a repurchase price in cash
(the "Designated Event Repurchase Price") equal to 100% of the principal amount
thereof, plus accrued and unpaid interest to, but excluding, the Designated
Event Repurchase Date (as defined below). If the Designated Event Repurchase
Date is an Interest Payment Date, the Company shall pay interest to the person
in whose name the Note is registered on the relevant Regular Record Date.
(b) The Designated Event Notice shall be mailed by or at the direction
of the Company to the Holders as shown on the Register of such Holders
maintained by the Registrar not more than 30 days after the applicable
Designated Event Date at the addresses as shown on the Register maintained by
the Registrar, with a copy to the Trustee and the Paying Agent. The Designated
Event Offer shall remain open until a specified date (the "Designated Event
Offer Termination Date") that is 20 business days from the date the Designated
Event Notice is mailed. Prior to the Designated Event Offer Termination Date,
Holders may elect to tender their Notes in whole or in part in integral
multiples of $1,000 in exchange for cash. Payment shall be made by the Company
in respect of Notes properly tendered pursuant to this Section (such date of
payment
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