Delta Airlines 2006 Annual Report Download - page 205

(g) If, at the original time or times appointed for the sale of the whole or any part of the Pledged Collateral, the
highest bid, if there be but one sale, shall be inadequate to discharge in full all the Secured Obligations, or if the Pledged Collateral has been offered for sale in
lots, and if at any of such sales, the highest bid for the lot offered for sale would indicate to Administrative Agent, in its discretion, that the proceeds of the
sales of the whole of the Pledged Collateral would be unlikely to be sufficient to discharge all the Secured Obligations, the Administrative Agent may, on one
or more occasions and in its sole discretion, postpone effectuating any of said sales by public announcement at the time of sale or the time of previous
postponement of sale, and no other notice of such postponement or postponements of sale need be given, any other notice being hereby waived; provided,
however, that any sale or sales made after such postponement shall be after ten (10) days’ notice to such Credit Party.
(h) If, at any time when Administrative Agent in its sole discretion determines, following the occurrence and
during the continuance of an Event of Default, that, in connection with any actual or contemplated exercise of its rights (when permitted under this Section
10.7(h)to sell the whole or any part of the Pledged Shares hereunder, it is necessary or advisable to effect a public registration of all or part of the Pledged
Collateral pursuant to the Securities Act of 1933, as amended (or any similar statute then in effect) (the “Act”), such Credit Party shall, in an expeditious
manner, cause the Pledged Entities to:
(i) Prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement with
respect to the Pledged Shares and in good faith use commercially reasonable efforts to cause such registration statement to become and remain
effective;
(ii) Prepare and file with the Commission such amendments and supplements to such registration statement and the
prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the
Act with respect to the sale or other disposition of the Pledged Shares covered by such registration statement whenever Administrative Agent shall
desire to sell or otherwise dispose of the Pledged Shares;
(iii) Furnish to Administrative Agent such numbers of copies of a prospectus and a preliminary prospectus, in
conformity with the requirements of the Act, and such other documents as Administrative Agent may request in order to facilitate the public sale or
other disposition of the Pledged Shares by Administrative Agent;
(iv) Use commercially reasonable efforts to register or qualify the Pledged Shares covered by such registration
statement under such other securities or blue sky laws of such jurisdictions within the United States and Puerto Rico as Administrative Agent shall
request, and do such other reasonable acts and things as may be required of it to enable Administrative Agent to consummate the public sale or
other disposition in such jurisdictions of the Pledged Shares by Administrative Agent;
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