Delta Airlines 2006 Annual Report Download - page 150

(f) No Material Adverse Effect.There has been no Material Adverse Effect since the date of Borrower’s Form 10-Q for the six-
month period ended June 30, 2005 as updated by subsequent public filings prior to September 10, 2005.
(g) No Default.No Default or Event of Default under this Agreement or any other Loan Document shall have occurred and be
continuing.
(h) Final Order. The Final Order shall be in full force and effect and shall not have been vacated, reversed, modified, amended or
stayed without the prior written consent of the Administrative Agent, the Arrangers and the Requisite Lenders.
2.3 Conditions to Effectiveness of Certain Other Provisions.
(a) The amendment and restatement set forth herein of Section 1.3 of the Existing Credit Agreement shall become effective on the
date on which (x) each of the conditions in Section 2.2 shall have been satisfied and (y) the Administrative Agent shall have received counterparts of this
Agreement duly executed by the Term A Lenders, the Term B Lenders and the Term C Lenders, or a separate written consent approving the above referenced
amendment and restatement and authorizing the Administrative Agent to enter into this Agreement on behalf of the Term A Lenders, the Term B Lenders and
Term C Lenders, respectively.
(b) The amendment and restatement set forth herein of (i) Section 1.5 of the Existing Credit Agreement to the extent that it
purports to reduce the Applicable Term A Index Margin or the Applicable Term A LIBOR Margin and (ii) those provisions of the Existing Credit Agreement
relating to Letters of Credit (including Annex B thereto) shall not be effective until the date on which (x) each of the conditions in Section 2.2 shall have been
satisfied and (y) the Administrative Agent shall have received counterparts of this Agreement duly executed by the Term A Lenders or a separate written
consent approving the above referenced amendment and restatement and authorizing the Administrative Agent to enter into this Agreement on behalf of the
Term A Lenders.
(c) The amendment and restatement set forth herein of Section 1.5 of the Existing Credit Agreement to the extent that it purports to
reduce the Applicable Term B Index Margin or the Applicable Term B LIBOR Margin shall not be effective until the date on which (x) each of the conditions
in Section 2.2 shall have been satisfied and (y) the Administrative Agent shall have received counterparts of this Agreement duly executed by the Term B
Lenders or a separate written consent approving the above referenced amendment and restatement and authorizing the Administrative Agent to enter into this
Agreement on behalf of the Term B Lenders.
(d) The amendment and restatement set forth herein of Section 1.5 of the Existing Credit Agreement to the extent that it purports to
reduce the Applicable Term C Index Margin or the Applicable Term C LIBOR Margin shall not be effective until the date on which (x) each of the conditions
in Section 2.1 shall have been satisfied and (y) the Administrative Agent shall have received counterparts of this Agreement duly executed by the Term C
Lenders or a separate written consent approving the above referenced amendment and restatement and authorizing the Administrative Agent to enter into this
Agreement on behalf of the Term C Lenders.
16