Delta Airlines 2006 Annual Report Download - page 277

“Retiree Welfare Plan” means, at any time, a Plan which is an “employee welfare benefit plan” as described in Section 3(1) of ERISA
that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant’s termination of employment,
other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.
“Routes” has the meaning ascribed to it in the SGR Security Agreement.
“S&P” means Standard & Poor’s Ratings Group.
“Scheduled Maturity Date” means March 16, 2008.
“Sell” means, with respect to any property, to sell, convey, transfer, assign, license, lease or otherwise dispose of, any interest therein or
to permit any Person to acquire any such interest, including, in each case, through a Sale and Leaseback Transaction or through a sale, factoring at maturity,
collection of or other disposal, with or without recourse, of any notes or accounts receivable. Conjugated forms thereof and the noun “Sale” have correlative
meanings.
“Section 1110 Agreement” means any agreement related to property that qualifies as “equipment,” as such term is used in Section
1110(a)(3) of the Bankruptcy Code, including, without limitation, security agreements, mortgages, trusts, leases, conditional sale agreements or other
instruments applicable to such property.
“Section 1110 Assets” shall mean (a) property that qualifies as “equipment,” as such term is used in Section 1110(a)(3) of the
Bankruptcy Code and all Section 1110 Agreements, to the extent that the Credit Parties are prohibited from granting liens thereon or assignments thereof
under the terms of any Section 1110 Agreement in effect at the commencement of the Cases (and, to the extent permitted by this Agreement), as such Section
1110 Agreement may be amended, modified, refinanced or restructured) under which the applicable secured party, lessor or seller is entitled to the protections
afforded under Section 1110 of the Bankruptcy Code with respect to such property or agreements, (b) any other asset with respect to which the granting of any
lien would cause a default, directly or indirectly, of any Section 1110 Agreement, (c) any deposits and reserves held or maintained pursuant to such agreement
or (d) property referred to in the previous clauses that the Borrower or any of the Guarantors elects to return to the party providing financing therefor in
exchange for a discharge of the related indebtedness; provided, that Section 1110 Assets shall not include any Proceeds of such property (but only to the
extent that the Credit Parties are entitled to such Proceeds).
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