Delta Airlines 2003 Annual Report Download - page 214

SECTION 10.12 No Adverse Interpretation of Other Agreements.
This Indenture may not be used to interpret another indenture, loan or
debt agreement of the Company or a subsidiary. Any such other indenture, loan or
debt agreement may not be used to interpret this Indenture.
SECTION 10.13 Successors.
All agreements of the Company in this Indenture and the Notes shall
bind its successor. All agreements of the Trustee in this Indenture shall bind
its successor.
SECTION 10.14 Severability.
In case any provision in this Indenture or in the Notes shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.
SECTION 10.15 Table of Contents, Headings, etc.
The Table of Contents, Cross-Reference Table and headings of the
Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part hereof and shall in no way
modify or restrict any of the terms or provisions hereof.
ARTICLE 11
CONVERSION OF CONVERTIBLE SENIOR NOTES
SECTION 11.01 Right to Convert.
(a) Each Holder shall have the right to convert its Notes into
shares of Common Stock at any time in accordance with Article 12 hereof and
paragraph 9 of the Note, the form of which is attached hereto as Exhibit A. Each
$1,000 principal amount of the Notes may be converted into the number of fully
paid and non-assessable shares of Common Stock, as set forth in paragraph 9 of
the Note, subject to adjustment as herein set forth. A Holder is not entitled to
any rights of a holder of Common Stock until such Holder has converted his or
her Notes into Common Stock, and only to the extent such Notes are deemed to
have been converted to Common Stock pursuant to this Article 11 and Article 12
hereof.
(b) The Company shall notify the Holders upon determination that
Holders are or will be entitled to convert their Notes, or any portion of such
principal amount which is $1,000 or an integral multiple thereof, into fully
paid and non-assessable shares of Common Stock in accordance with Article 12
hereof and paragraph 9 of the Note, by issuing a press release and publishing
such determination on the Company's web site.
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