Delta Airlines 2006 Annual Report Download - page 262

“Letter of Intent” means the Letter of Intent, dated as of December 14, 2005, between GE Capital and Borrower, as amended or
otherwise modified from time to time.
“Lenders” means GE Capital, the other Lenders named on the signature pages of the Agreement and, if any such Lender shall decide to
assign all or any portion of the Obligations in accordance with Section 11.1(a), such term shall include any assignee of such Lender.
“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines, penalties,
sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a
result thereto and fees, charges and disbursements of financial, legal and other advisors and consultants), whether joint or several, whether or not indirect,
contingent, consequential, actual, punitive, treble or otherwise.
“LIBOR Business Day” means a Business Day on which banks in the City of London are generally open for interbank or foreign
exchange transactions.
“LIBOR Loan” means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.
“LIBOR Period” means, with respect to any LIBOR Loan, each period commencing on a LIBOR Business Day selected by Borrower
pursuant to the Agreement and ending one, two, three or six months thereafter, as selected by Borrower’s irrevocable notice to the Administrative Agent as set
forth in Section 1.5(e); provided, that the foregoing provision relating to LIBOR Periods is subject to the following:
(a) if any LIBOR Period would otherwise end on a day that is not a LIBOR Business Day, such LIBOR Period
shall be extended to the next succeeding LIBOR Business Day unless the result of such extension would be to carry such LIBOR Period into
another calendar month in which event such LIBOR Period shall end on the immediately preceding LIBOR Business Day;
(b) any LIBOR Period that would otherwise extend beyond the Maturity Date shall end on or prior to such date;
(c) any LIBOR Period that begins on the last LIBOR Business Day of a calendar month (or on a day for which there is
no numerically corresponding day in the calendar month at the end of such LIBOR Period) shall end on the last LIBOR Business Day of a calendar
month; and
(e) Borrower shall select LIBOR Periods so that there shall be no more than 5 separate LIBOR Loans in existence at
any one time.
“LIBOR Rate” means for each LIBOR Period, a rate of interest determined by the Administrative Agent equal to the offered rate for
deposits in United States Dollars for the applicable LIBOR Period that appears on Telerate Page 3750 as of 11:00 a.m. (London time), on the second full
LIBOR Business Day next preceding the first day of such LIBOR Period (unless such date is not a Business Day, in which event the next succeeding Business
Day will be used). If such interest rates shall cease to be available from Telerate News Service, the LIBOR Rate shall be determined from such financial
reporting service or other information as shall be mutually acceptable to the Administrative Agent and Borrower.
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