Delta Airlines 2006 Annual Report Download - page 244

“Credit Card Receivables” means any right to payment in Dollars (including, but not limited to, rights to payment for goods, services,
insurance, fees, taxes, prepayment penalties and finance charges) from (i) any issuer of a Credit Card arising from goods or services provided or to be
provided by a Credit Party or (ii) to the extent that the right to such payment described in clause (i) has been transferred in whole or part to U.S. Bank,
National Association (“USB”) or any other settlement and/or processing system, or, alternatively, to the extent USB or any other settlement and/or processing
system has received any collections with respect to such right of payment, any right to payment from USB or any other settlement and/or processing system
arising from the transfer to or by USB or any other settlement and/or processing system of such claims against an issuer of a Credit Card.
“Credit Parties” means Borrower and each of the Guarantors.
“Default” means any event that, with the passage of time or notice or both, would, unless cured or waived, become an Event of Default.
“Default Rate” has the meaning ascribed to it in Section 1.5(d).
“Delta Company” means Borrower and each of its Subsidiaries.
“Deposit Accounts” means all “deposit accounts” as such term is defined in the Code, now or hereafter held in the name of any Credit
Party.
“Designated Spare Parts Locations” means the locations set out in Disclosure Schedule 3.26and such other locations as are permitted by
the Spare Parts Mortgage.
“Desk-top Aircraft Appraisal Methodology” means, in determining an opinion as to the Net Orderly Liquidation Value of Eligible
Aircraft or Eligible Engines, including but not limited to, taking at least the following actions: (i) reviewing the most recent Collateral Report; (ii) reviewing
the Appraiser’s internal value database for values applicable to such Aircraft or Engines; and (iii) checking other sources, such as manufacturers, other airlines
and U.S. government procurement data, for orderly liquidation prices of such Aircraft or Engines.
“Desk-top Ground Service Equipment Appraisal Methodology” means, in determining an opinion as to the Net Orderly Liquidation
Value of Eligible Ground Service Equipment, including but not limited to, taking at least the following actions: (i) reviewing the most recent Collateral
Report; (ii) reviewing the Appraiser’s internal value database for values applicable to such Ground Service Equipment; and (iii) checking other sources, such
as manufacturers, other airlines and U.S. government procurement data, for orderly liquidation prices of such Ground Service Equipment.
“Desk-top Spare Parts Appraisal Methodology” means, in determining an opinion as to the Net Orderly Liquidation Value of Eligible
Spare Parts, including but not limited to, taking at least the following actions: (i) reviewing the most recent Collateral Report; (ii) reviewing the Appraiser’s
internal value database for values applicable to Spare Parts; (iii) developing a representative sampling of a reasonable number of the different Spare Parts for
which a market check will be conducted; (iv) checking other sources, such as manufacturers, other airlines, U.S. government procurement data and airline
parts pooling price lists, for orderly liquidation prices of the sample parts referred to in clause (iii); (v) conducting a limited review of the inventory reporting
system applicable to the Spare Parts, including checking information reported in such system against information determined through physical inspection; and
(vi) reviewing a sampling of the Spare Parts’ serviceability tags, books and records (including tear-down reports).
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