Delta Airlines 2006 Annual Report Download - page 250

(b) except as otherwise permitted by the Administrative Agent and, where applicable, the relevant
title insurance company shall have received in form and substance satisfactory to the Administrative Agent, all Mortgage Supporting
Documents in respect of such parcel;
(c) the Administrative Agent shall have received a FIRREA appraisal with respect to such parcel of
Real Estate in form and substance satisfactory to the Administrative Agent and performed by an appraiser that is satisfactory to the
Administrative Agent;
(d) no casualty shall have occurred affecting the use, operation or value of such parcel of Real Estate if such
casualty has not been restored or repaired by the mortgagor under the Mortgage encumbering such parcel of Real Estate;
(e) no condemnation or taking by eminent domain shall have occurred nor shall any notice of any pending
or threatened condemnation or other proceeding against such parcel of Real Estate have been delivered to the owner or lessee of such
parcel of Real Estate that would materially affect the use, operation or value of such parcel of Real Estate;
(f) the mortgagor under the relevant Mortgage encumbering such parcel of Real Estate shall comply
in all material respects with the terms of such Mortgage;
(g) each written lease, license or other use or occupancy agreement, other than the lease between Borrower
and Worldspan L.P. and the lease between Borrower and Verizon Airfone Inc. f/k/a GTE Airfone Incorporated (both of which leases are
disclosed on Part 3 of Disclosure Schedule3.6),now or hereafter affecting all or any portion of such parcel of Real Estate shall, by its
express terms, be subject and subordinate to the relevant Mortgage; and
(h) each lease, license, or other use or occupancy agreement between a Credit Party, as landlord,
and its Affiliate, as tenant, now or hereafter affecting all or any portion of such parcel of Real Estate shall be subject and subordinate to
the relevant Mortgage or shall be terminable (without fee) on 60 days’ prior written notice by the owner of such Real Estate.
“Eligible Refundable Ticket Accounts” means Eligible Accounts arising from the sale of refundable tickets that are to be used within 30
days from the date of issuance of such ticket.
“Eligible Spare Parts” means all of the Pledged Spare Parts owned by Credit Parties and reflected in the most recent Term A Borrowing
Base Certificate delivered by Borrower to the Administrative Agent, except for any Ineligible Term A Borrowing Base Collateral.
A-15