Delta Airlines 2006 Annual Report Download - page 260

(i) is subject to any patent or trademark license requiring the payment of royalties or fees or requiring the consent of the
licensor for a sale thereof by the Administrative Agent;
(j) constitutes Technology Equipment;
(k) has not been appraised in accordance with Section 5.20of the Agreement; or
(l) with respect to any Aircraft or Engine, as to which Borrower fails to cure a Maintenance Default during the Maintenance
Cure Period.
“Instruments” means all “instruments,” as such term is defined in the Code, now owned or hereafter acquired by any Credit Party,
wherever located, and, in any event, including all promissory notes and other evidences of indebtedness, other than instruments that constitute, or are a part of
a group of writings that constitute, Chattel Paper.
“Intellectual Property” means any and all Licenses, Patents, Copyrights, Trademarks, and the goodwill associated with such Trademarks,
and Technology.
“Intercompany Notes” has the meaning ascribed to it in Section 6.3(a)(vii).
“Interest Expense” means, with respect to any Person for any fiscal period, interest expense (whether cash or non-cash) of such Person
determined in accordance with GAAP for the relevant period ended on such date.
“Interest Payment Date” means (a) as to any Index Rate Loan, the first Business Day of each month to occur while such Loan is
outstanding, and (b) as to any LIBOR Loan, the last day of the applicable LIBOR Period; provided, that in the case of any LIBOR Period greater than three
months in duration, interest shall be payable at three month intervals and on the last day of such LIBOR Period; and provided, furtherthat, in addition to the
foregoing, each of (x) the date upon which all of the Commitments have been terminated and the Loans have been paid in full and (y) the Maturity Date shall
be deemed to be an “Interest Payment Date” with respect to any interest that has then accrued under the Agreement.
“Inventory” means any “inventory,” as such term is defined in the Code, now owned or hereafter acquired by any Credit Party, wherever
located, and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any Credit Party for sale or
lease or are furnished or are to be furnished under a contract of service, or that constitute raw materials, work in process, finished goods, returned goods,
supplies or materials of any kind, nature or description used or consumed or to be used or consumed in such Credit Party’s business or in the processing,
production, packaging, promotion, delivery or shipping of the same, including all supplies and embedded Software.
“Investment Property” means all “investment property” as such term is defined in the Code now owned or hereafter acquired by any
Credit Party, wherever located, including (i) all securities, whether certificated or uncertificated, including stocks, bonds, interests in limited liability
companies, partnership interests, treasuries, certificates of deposit, and mutual fund shares; (ii) all securities entitlements of any Credit Party, including the
rights of such Credit Party to any securities account and the financial assets held by a securities intermediary in such securities account and any free credit
balance or other money owing by any securities intermediary with respect to that account; (iii) all securities accounts of any Credit Party; (iv) all commodity
contracts of any Credit Party; and (v) all commodity accounts held by any Credit Party.
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