Delta Airlines 2006 Annual Report Download - page 172

(c) each Delta Company may make investments, subject to Section 5.19, in Permitted Investments;
(d) each Delta Company may maintain its Investments existing as of the Closing Date summarized on Disclosure Schedule 6.2;
(e) Investments (i) may be made by any Credit Party in any other Credit Party, (ii) may be made by any Delta Company that is not
a Credit Party in any other Delta Company, subject to compliance with Section 6.3(a)(vii)and (iii) constituting capital contributions or intercompany loans or
advances may be made to Aero Assurance, Ltd. or New Sky, Ltd. for the purpose of cash collateralizing letters of credit issued for the account of such captive
insurance Subsidiaries to the extent permitted under Section 6.3(a)(xiii);
(f) each Delta Company may make Investments with the funds held in the Excluded Accounts;
(g) each Delta Company may make Investments consisting of (i) currency swap agreements, currency future or option contracts
and other similar agreements designed to hedge against fluctuations in foreign interest rates and currency values, (ii) interest rate swap, cap or collar
agreements and interest rate future or option contracts, and (iii) fuel hedges and other derivatives contracts, in each case, to the extent that such agreement or
contract is permitted by Section 6.3and Section 6.17and entered into in the ordinary course of business;
(h) the Delta Companies, in the aggregate, may make Investments in an amount not to exceed $10,000,000 outstanding at any time
in travel or airline related businesses made in connection with marketing and promotion agreements, alliance agreements, distribution agreements, agreements
with respect to fuel consortiums, agreements relating to flight training, agreements relating to insurance arrangements, agreements relating to parts
management systems and other similar agreements;
(i) the Delta Companies may make advances to their respective officers, directors and employees in an amount not to exceed (i)
$10,000 outstanding at any time to any individual officer, director or employee and (ii) $7,000,000 in the aggregate outstanding at any time for all such
advances;
(j) the Delta Companies may make advances in respect of (i) signing bonuses for newly hired officers, directors or employees of
any Delta Company in an amount not to exceed $250,000 individually outstanding at any time and (ii) relocation expenses for newly hired officers, directors
or employees of any Delta Company in an amount not to exceed $5,000,000 in the aggregate outstanding at any time;
(k) the Delta Companies may make Investments in the form of foreign cash equivalents in the ordinary course of business and
consistent with past practices;
(l) [Reserved];
(m) the Delta Companies may make additional Investments in Subsidiaries that are not Credit Parties in an aggregate amount at
any one time not to exceed $5,000,000;
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