Delta Airlines 2006 Annual Report Download - page 281

(g) the lesser of 40% of the half life Net Orderly Liquidation Value of Eligible Engines consisting of the Comair CF34-3A1
engines and CF34-3B1 engines and $13,500,000; plus
(h) the lesser of 65% of the half life Net Orderly Liquidation Value of Eligible Engines consisting of the Comair CF34-8C1
engines and $5,100,000; plus
(i) the lesser of 50% of the Net Orderly Liquidation Value of Eligible Flight Simulators and $25,000,000, plus
(j) the lesser of 25% of the Net Orderly Liquidation Value of Eligible Spare Parts and $7,000,000, plus
(k) the lesser of 25% of the Net Orderly Liquidation Value of Eligible Ground Service Equipment and $25,000,000, plus
(l) the lesser of 25% of the Net Orderly Liquidation Value of Eligible Tooling (excluding Technology Equipment) and
$25,000,000, plus
(m) the aggregate amount held in the Cash Collateral Account and the LC Cash Collateral Account minus100% of the aggregate
face amount of all outstanding Letters of Credit,
in each case, lessany Reserves established by the Administrative Agent at such time and provided, that the availability from the sum of clauses (a), (b)and
(c)above shall not exceed $400,000,000 at any time.
“Term A Commitment” means (a) as to any Lender with a Term A Commitment, the commitment of such Lender to make its Pro Rata
Share of the Term Loan A as set forth on Annex Jto the Agreement or in the most recent Assignment Agreement executed by such Lender, and (b) as to all
Lenders with a Term A Commitment, the aggregate commitment of all Lenders to make the Term Loan A, which aggregate commitment shall be Six Hundred
Million Dollars ($600,000,000) on the Effective Date. After advancing the Term Loan A, each reference to a Lender’s Term A Commitment shall refer to that
Lender’s Pro Rata Share of the outstanding Term Loan A.
“Term A Lenders” means, as of the date of determination, those Lenders having Term A Commitments.
“Term A Termination Date” means the date on which (a) the Term Loan A has been repaid in full, (b) all other monetary Obligations
(other than Excluded Obligations) arising under the Term Loan A pursuant to the Agreement and the other Loan Documents have been completely
discharged, and (c) the Term A Commitment shall have expired or irrevocably been terminated under the Agreement.
“Term B Commitment” means (a) as to any Lender with a Term B Commitment, the commitment of such Lender to make its Pro Rata
Share of the Term Loan B as set forth on Annex Jto the Agreement or in the most recent Assignment Agreement executed by such Lender, and (b) as to all
Lenders with a Term B Commitment, the aggregate commitment of all Lenders to make the Term Loan B, which aggregate commitment shall be Seven
Hundred Million Dollars ($700,000,000) on the Effective Date. After advancing the aggregate amount of the Term B Commitment, each reference to a
Lender’s Term B Commitment shall refer to that Lender’s Pro Rata Share of the outstanding Term Loan B.
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