Delta Airlines 2006 Annual Report Download - page 276

“Replacement Borrowing Base Assets” has the meaning ascribed to it in Section 1.2(c)(i).
“Replacement Engine” shall have the meaning ascribed to it in the Aircraft Mortgage.
“Replacement Lender” has the meaning ascribed to it in Section 1.14(e).
“Requirement of Law” means, with respect to any Person, the common law and all federal, state, local and foreign laws, treaties, rules
and regulations, orders, judgments, decrees and other legal requirements ordeterminations of any Governmental Authority or arbitrator, applicable to or
binding upon such Person or any of its property or to which such Person or any of its property is subject.
“Requisite Lenders” means Lenders having 51% or more of the aggregate outstanding amount of all Loans.
“Requisite Term A Lenders” means Lenders having 51% or more of the aggregate outstanding amount of the Term Loan A.
“Requisite Term B Lenders” means Lenders having 51% or more of the aggregate outstanding amount of the Term Loan B.
“Requisite Term C Lenders” means Lenders having 51% or more of the aggregate outstanding amount of the Term Loan C.
“Reserves” means (a) reserves established by the Administrative Agent from time to time in its reasonable credit judgment, against
Eligible Tooling, Eligible Aircraft, Eligible Engines, Eligible Real Estate, Eligible Spare Parts, Eligible Flight Simulators and Eligible Ground Service
Equipment, including, but not limited to, pursuant to Section 5.8, and (b) reserves established by the Administrative Agent from time to time in its reasonable
credit judgment against Eligible Accounts, Eligible Unbilled Accounts and Eligible Refundable Ticket Accounts including, but not limited to, a reserve in the
amount of Fifty Million Dollars ($50,000,000) for maintenance of Collateral and liquidation expenses and for the Carve-Out. Without limiting the generality
of the foregoing, Reserves established to ensure the payment of accrued Interest Expenses or Indebtedness shall be deemed to be a reasonable exercise of the
Administrative Agent’s credit judgment.
“Restricted Accounts” means (i) the Citibank Cash Collateral Account; (ii) the accounts identified as Restricted Accounts on Disclosure
Schedule 3.19; and (iii) any deposit account holding cash and cash equivalents subject to Liens permitted under Section 6.7(j)(except to the extent securing
any obligations under the Post-Petition Skymiles Facility), Section 6.7(k)or Section 6.7(l)or securing surety or appeal bonds permitted under Section 6.3(a)
(xiv).
“Restricted Payment” means, with respect to any Credit Party (a) the declaration or payment of any dividend or the incurrence of any
liability to make any other payment or distribution of cash or other property or assets in respect of Stock; (b) any payment on account of the purchase,
redemption, defeasance, sinking fund or other retirement of such Credit Party’s Stock or any other payment or distribution made in respect thereof, either
directly or indirectly; (c) any payment or prepayment of principal of, premium, if any, or interest, fees or other charges on or with respect to, and any
redemption, purchase, retirement, defeasance, sinking fund or similar payment and any claim for rescission with respect to, any Permitted Subordinated
Indebtedness or the Post-Petition Skymiles Facility; and (d) any payment made to redeem, purchase, repurchase or retire, or to obtain the surrender of, any
outstanding warrants, options or other rights to acquire Stock of such Credit Party now or hereafter outstanding.
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