Delta Airlines 2003 Annual Report Download - page 196

any substantial part of its property, or ordering the winding-up or liquidation
of its affairs, and the continuance of any such decree or order for relief or
any such other decree or order unstayed and in effect for a period of 60
consecutive days; or
(g) the commencement by the Company of a voluntary case or proceeding
under any Bankruptcy Law or any other case or proceeding to be adjudicated
bankrupt or insolvent, or the consent by it to the entry of a decree or order
for relief in respect of the Company in an involuntary case or proceeding under
any Bankruptcy Law or to the commencement of any bankruptcy or insolvency case
or proceeding against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under any Bankruptcy Law, or the consent by it
to the filing of such petition or to the appointment of or taking possession by
a custodian, receiver, liquidator, assignee, trustee, sequestrator or other
similar official of the Company or of any substantial part of its property, or
the making by it of an assignment for the benefit of creditors, or the admission
by it in writing of its inability to pay its debts generally as they become due.
The term "Bankruptcy Law" means Title 11, U.S. Code or any similar
Federal or state law for the relief of debtors. The term "Custodian" means any
receiver, trustee, assignee, liquidator or similar official under any Bankruptcy
Law.
SECTION 6.02 Acceleration.
(a) If an Event of Default (other than an Event of Default
specified in clauses (f) and (g) of Section 6.01) occurs and is continuing, then
and in every such case the Trustee, by written notice to the Company, or the
Holders of at least 25% in aggregate principal amount of the Notes then
outstanding, by written notice to the Company and the Trustee, may declare the
unpaid principal of and accrued and unpaid interest and Liquidated Damages, if
any, on all the Notes then outstanding to be due and payable. Upon such
declaration such principal amount and accrued and unpaid interest and Liquidated
Damages, if any, shall become immediately due and payable, notwithstanding
anything contained in this Indenture or the Notes to the contrary. If any Event
of Default specified in clauses (f) or (g) of Section 6.01 occurs, all unpaid
principal of and accrued and unpaid interest and Liquidated Damages, if any, on
the Notes then outstanding shall become automatically due and payable, without
any declaration or other act on the part of the Trustee or any Holder.
(b) The Holders of a majority in aggregate principal amount of the
Notes then outstanding by written notice to the Trustee may rescind any
acceleration of the Notes and its consequences if all existing Events of Default
(other than nonpayment of principal of and interest and Liquidated Damages, if
any, on the Notes which has become due solely by virtue of such acceleration)
have been cured or waived and if the rescission would not conflict with any
judgment or decree of any court of competent jurisdiction. No such rescission
shall affect any subsequent Default or Event of Default or impair any right
consequent thereto.
SECTION 6.03 Other Remedies.
If an Event of Default occurs and is continuing, the Trustee may pursue
any available remedy by proceeding at law or in equity to collect the payment of
principal of or interest or Liquidated Damages, if any, on the Notes or to
enforce the performance of any provision of the
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