Delta Airlines 2006 Annual Report Download - page 280

“Supporting Route Facilities” has the meaning ascribed to it in the SGR Security Agreement.
“Taxes” means taxes, levies, imposts, deductions, Charges or withholdings, and all liabilities with respect thereto, excluding taxes
imposed on or measured by the net income of the Administrative Agent or a Lender by the jurisdictions under the laws of which the Administrative Agent and
Lenders are organized or conduct business or any political subdivision thereof.
“Technology” means, collectively, all designs, formulas, algorithms, procedures, methods, techniques, ideas, know-how, programs,
subroutines, tools, inventions, creations, improvements, works of authorship, Software, other similar materials, and all recordings, graphs, drawings, reports,
analyses, other writings, and any other embodiment of the above, in any form whether or not specifically listed herein, and all related technology, that are
used in, incorporated in, embodied in or displayed by any of the foregoing, or used or useful in the design, development, reproduction, maintenance or
modification of any of the foregoing.
“Technology Equipment” means technology assets including mainframe computers, servers, general computer equipment, printers,
monitors, hard drives, memory, storage devices and call centers/ACD systems but excluding Flight Simulators, as more fully described in the appraisal with
respect thereto prepared as of July 14, 2004 by American Appraisal Associates.
“Term A Borrowing Base” means, as of any date of determination by the Administrative Agent, from time to time, an amount equal to
the sum at such time of:
(a) up to 80% of the book value of the Credit Parties’ Eligible Accounts as of the date set forth in the most recently delivered
Borrowing Base Certificate; plus
(b) up to 50% of the book value of the Credit Parties’ Eligible Unbilled Accounts as of the date set forth in the most recently
delivered Borrowing Base Certificate; plus
(c) the lesser of 50% of the book value of the Credit Parties’ Eligible Refundable Ticket Accounts as of the date set forth in the
most recently delivered Borrowing Base Certificate and $30,000,000; plus
(d) the lesser of 50% of the Fair Market Value of Eligible Real Estate and $100,000,000, plus
(e) the lesser of 50% of the Net Orderly Liquidation Value of Eligible Aircraft (other than the Aircraft described in clause
(f)below) and $250,000,000, plus
(f) the lesser of 30% of the Net Orderly Liquidation Value of Eligible Aircraft consisting of Comair CRJ-100ERs aircraft and
$13,500,000; plus
A-45