Delta Airlines 2006 Annual Report Download - page 272

“Physical Tooling Appraisal Methodology” means, in determining an opinion as to the Net Orderly Liquidation Value of Eligible
Tooling, 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 Tooling; (iii) checking other sources, such as manufacturers, other airlines and U.S. government
procurement data, for orderly liquidation prices of such Tooling and (iv) physical inspection of such Tooling.
“Plan” means, at any time, a Pension Plan, ESOP, Multiemployer Plan, Qualified Plan, Title IV Plan or Retiree Welfare Plan that any
Credit Party or ERISA Affiliate maintains or to which such Credit Party contributes or has an obligation to contribute.
“Plan of Reorganization” means a plan of reorganization in the Cases under chapter 11 of the Bankruptcy Code.
“Pledged Collateral” means all of the following property now owned or at anytime acquired by a Credit Party or in which such Credit
Party now has or at any time in the future may acquire any right, title or interest:
(a) the Pledged Sharesand the certificates representing the Pledged Shares, and all dividends, distributions, cash, instruments
and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the
Pledged Shares; and
(b) such portion, as determined by Administrative Agent as provided in Section 10.4(i)(v)of this Agreement, of any additional
shares of stock of a Pledged Entity from time to time acquired by Credit Party in any manner (which shares shall be deemed to be part of the
Pledged Shares), and the certificates representing such additional shares, and all dividends, distributions, cash, instruments and other property or
proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such stock; and
(c) the Pledged Indebtedness and the promissory notes or instruments evidencing the Pledged Indebtedness, and all interest,
cash, instruments and otherproperty and assets from time to time received, receivable or otherwise distributed in respect of the Pledged
Indebtedness; and
(d) all additional Indebtedness arising after the Closing Date and owing to Credit Party and evidenced by promissory notes or
other instruments, together with such promissory notes and instruments, and all interest, cash, instruments and other property and assets from time
to time received, receivable or otherwise distributed in respect of that Indebtedness.
“Pledged Entity” means an issuer of Pledged Shares or Pledged Indebtedness.
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