Delta Airlines 2006 Annual Report Download - page 182

6.15 No Impairment of Intercompany Transfers.
No Credit Party shall directly or indirectly enter into or become contractually bound by any agreement, instrument, indenture or other
obligation (other than this Agreement, the other Loan Documents and the Post-Petition Skymiles Facility Documents) that could directly or indirectly restrict,
prohibit or require the consent of any Person with respect to the payment of dividends or distributions by a Credit Party or the making or repayment of
intercompany loans by a Subsidiary of Borrower to Borrower; other than (a) prohibitions or restrictions existing on the Closing Date and listed on Disclosure
Schedule 6.15, and any extension or renewal thereof on terms no less favorable to such Credit Party and (b) prohibitions or restrictions set forth in the Loan
Documents or the Post-Petition Skymiles Facility Documents (to the extent consistent with such provisions in the Loan Documents).
6.16 Limitation on Negative Pledge Clauses.
No Credit Party will enter into any agreement (other than the Loan Documents) with any Person which prohibits or limits the ability of
such Credit Party to create, incur, assume or suffer to exist any Lien securing the Obligations upon any of its properties, assets or revenues, whether now
owned or hereafter acquired, other than agreements that contain (a) prohibitions or limitations existing on the Closing Date and listed on Disclosure Schedule
6.16, and any extension or renewal thereof on terms no less favorable to the Credit Parties, (b) prohibitions set forth in the Loan Documents and the Post-
Petition Skymiles Facility Documents, (c) customary prohibitions, restrictions and conditions contained in agreements relating to the sale of a Subsidiary
pending such sale; provided, that such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (d)
prohibitions or restrictions imposed by any agreement relating to secured Indebtedness or other obligations permitted by this Agreement if such restriction or
condition applies only to property secured or financed by such Indebtedness or other obligations and (e) restrictions prohibiting Liens contained in agreements
relating to the use and occupancy of airport premises and facilities, operating leases, Capital Leases or Licenses with respect to properties subject thereto and
interests created therein.
6.17 No Speculative Transactions.
No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to
hedge in the ordinary course of business.
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