Delta Airlines 2006 Annual Report Download - page 290

ANNEX G(Section 6.10)
to
CREDIT AGREEMENT
FINANCIAL COVENANTS
Borrower shall not breach or fail to comply with any of the following financial covenants, each of which shall be calculated in
accordance with GAAP consistently applied:
(a) Maximum Net Capital Expenditures. Borrower and its Subsidiaries on a consolidated basis shall not make Net Capital Expenditures
during the any Fiscal Quarter that exceed in the aggregate the amounts set forth opposite each such Fiscal Quarter below:
Fiscal Quarter Net Capital Expenditures
(in millions)
October -
December
2005 145
January -
March 2006 131
April -
June 2006 138
July -
September
2006 108
October -
December
2006 121
January -
March 2007 152
April -
June 2007 132
July -
September
2007 108
October -
December
2007 106
January -
March 2008 106
; provided, however, that the amount of Net Capital Expenditures referenced above will be increased in any period by the positive amount (if any), equal to
the difference obtained by taking the Net Capital Expenditures limits specified above for all prior periods minusthe actual amount of any Net Capital
Expenditures expended during all such prior periods (the “Carry Over Amount”).
(b) Minimum EBITDAR. At the end of each Fiscal Month set forth below, the amount equal to the sum of (i) EBITDAR for the 12-month
period then ended of Borrower and its Subsidiaries on a consolidated basis plus(ii) the lesser of (A) 100% of the Excess Aggregate Cash On Hand as of such
date and (B) $250,000,000 shall not be less than the amount set forth below opposite such Fiscal Month (the “Required EBITDAR”).
G-1