Delta Airlines 2006 Annual Report Download - page 177

(c) Liens created after the Closing Date by conditional sale or other title retention agreements (including Capital Leases) or in
connection with purchase money Indebtedness, in each case, permitted in Section 6.3(a)(i); provided, that such Liens attach only to the assets (including
related leases and subleases thereof and other assets integral to the use thereof including security deposits from any sublessee collaterally assigned for the
benefit of lessors) subject to such purchase money debt and such Indebtedness is incurred within one hundred eighty (180) days following such purchase and
does not exceed 100% of the purchase price of the subject assets;
(d) Liens (having the priority set forth in the Skymiles Intercreditor Agreement) securing the “Obligations” as defined in the Post-
Petition Skymiles Facility Documents, so long as the Skymiles Intercreditor Agreement is in full force and effect;
(e) Liens on assets that are the subject of the GECAS Facilities (including any arising as a result of any cross-collateralization
thereof authorized at any time by the Bankruptcy Court);
(f) Liens on assets that are the subject of a Permitted Secured Financing; provided, that such Liens attach only to
the assets subject to the Existing Secured Indebtedness related thereto;
(g) other Liens securing Indebtedness permitted by Section 6.3(a)(ix)and (xii);
(h) Liens on the Excluded Accounts and amounts on deposit therein in favor of the beneficiaries of the amounts on deposit
therein to the extent such Liens secure obligations owed to such beneficiaries;
(i) any interest or title of a licensor, lessor or sublessor granted to others, but only to the extent permitted by any of the
Collateral Documents;
(j) Liens in favor of credit card processors securing obligations in connection with credit card processing services
incurred in the ordinary course of business and consistent with past practices;
(k) Liens on cash deposits that do not constitute Collateral in an aggregate amount not in excess of $150,000,000;
(l) Liens on cash deposits pledged as collateral for Indebtedness permitted under Section 6.3(a)(viii)in connection with
Investments permitted under Section 6.2(g)(iii), to the extent that the aggregate amount of such cash deposits at any time does not exceed the greater of (i)
$300,000,000 and (ii) 15% of the then outstanding unrestricted cash balance of the Delta Companies;
(m) Liens on Margin Stock, if and to the extent the value of all Margin Stock of Borrower and its Subsidiaries exceeds 25% of the
total assets subject to this Section 6.7;
43