Delta Airlines 2006 Annual Report Download - page 173

(n) the Delta Companies may make any Investment consisting of the acquisition of Stock of any Person; provided, that (i) such
Person becomes a Credit Party or is merged with or into Borrower or a Credit Party immediately upon consummation of such acquisition and (ii) such
acquisition is permitted by Section 6.10;
(o) the Delta Companies may make any Investment consisting of the acquisition of equity interests permitted pursuant to Section
6.13(d)and (e); and
(p) the Delta Companies may make other Investments in an aggregate amount outstanding at any one time not to exceed
$25,000,000 for all Investments made pursuant to this clause (p).
The term “Investments” shall not include deposits to secure the performance of leases.
6.3 Indebtedness.
(a) No Delta Company shall create, incur, assume or permit to exist any Indebtedness, except (without duplication):
(i) Indebtedness secured by purchase money security interests and Capital Leases (including in the form of sale-
leaseback, synthetic lease or similar transactions or created solely in connection with the restructuring of any operating lease of Non-1110 Aviation Assets or
Section 1110 Assets which existed on the Petition Date) to the extent such Indebtedness was incurred in connection with the restructuring of existing
operating leases as provided in the parenthetical above or finance the acquisition or construction of aircraft, equipment and real estate to the extent permitted
by Section 6.10or ARB Indebtedness; provided, that the amount of such Indebtedness does not exceed 100% of the purchase price or construction cost
(including any capitalized interest and issuance fees) of the subject asset;
(ii) the Loans and the other Obligations;
(iii) [Reserved];
(iv) Indebtedness existing as of the Closing Date described in Disclosure Schedule 3.12(b)or 6.3;
(v) Indebtedness incurred after the Closing Date; provided, that (A) such indebtedness is (x) secured by (or finances)
assets which, as of the Closing Date, secured (or were financed by) other Indebtedness outstanding on the Closing Date described in Disclosure Schedule
6.3(the “Existing Secured Indebtedness”), (y) incurred within one hundred eighty (180) days after the repayment in full of such Existing Secured Indebtedness
and (z) is in an aggregate principal amount not exceeding the maximum principal amount of such Existing Secured Indebtedness outstanding at any time on or
prior to the Closing Date and (B) such Existing Secured Indebtedness shall have been repaid in full on the scheduled maturity date thereof (a “Permitted
Secured Financing”);
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