Delta Airlines 2006 Annual Report Download - page 261

“Investments” has the meaning ascribed to it in Section 6.2.
“IRC” means the Internal Revenue Code of 1986, as amended, and all regulations promulgated thereunder.
“IRS” means the Internal Revenue Service.
“JV Interests” means any joint venture interest held by any Credit Party to the extent such Credit Party is restricted from assigning or
pledging such interest pursuant to legally binding arrangements between the joint venture parties; provided, that “JV Interests” shall not include any Proceeds
of such property.
“L/C Cash Collateral” means the cash and Cash Equivalents deposited from time to time by the Borrower in the L/C Cash Collateral
Account.
“L/C Cash Collateral Account” means a cash collateral account maintained at a bank or financial institution acceptable to the
Administrative Agent, subject to a Blocked Account Agreement, into which cash or Cash Equivalents are deposited pursuant to Section 1.1(a)(i).
“L/C Issuer” has the meaning ascribed to it in Annex B.
“L/C Reimbursement Amount” has the meaning ascribed to it in Annex B.
“L/C Subfacility” has the meaning ascribed to it in Section 1.1(a)(iv).
“Letter of Credit” means each documentary or standby letters of credit issued under the Loan Documents for the account of Borrower or
any of the Credit Parties by any L/C Issuer.
“Letter of Credit Obligations” means the sum, without duplication, of (i) the amount available for drawing under all outstanding Letters
of Credit and (ii) the aggregate unpaid amount of all outstanding reimbursement obligations in respect of previous drawings under Letters of Credit.
“Letter of Credit Rights” means “letter-of-credit rights” as such term is defined in the Code, now owned or hereafter acquired by any
Credit Party, including rights to payment or performance under a letter of credit, whether or not such Credit Party, as beneficiary, has demanded or is entitled
to demand payment or performance.
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