Delta Airlines 2010 Annual Report Download - page 350

EXHIBIT K
EXHIBIT 2 TO THE STANDBY LETTER OF CREDIT NO._____________________
CERTIFICATE AND DEMAND FOR PAYMENT
JFK International Air Terminal LLC (the "Beneficiary"), the beneficiary under the Irrevocable Standby Letter of Credit No. _________ dated _________,
YEAR established by [Bank] hereby demands payment and certifies as follows:
1) We hereby demand payment in the amount of USD _____________ under said Standby Letter of Credit.
2) [a] The amount demanded is hereby due and owing by Delta Air Lines, Inc. (the "Account Party") pursuant to the terms and conditions of the
Anchor Tenant Agreement effective December __, 2010 ("Anchor Tenant Agreement") between the Beneficiary and the Account Party.
or
[b] Both (a) the date of this demand for payment and certificate is not earlier than 60 days prior to the Expiration Date (as defined in clause (iii) of
Section 3 of said Standby Letter of Credit) and Delta Air Lines, Inc. (the "Account Party") has not heretofore delivered to the Beneficiary a
substitute letter of credit with an expiration date at least one year after such Expiration Date and (b) either (x) the Anchor Tenant Agreement
effective DATE ("Anchor Tenant Agreement") between the Beneficiary and the Account Party is still in force and effect or (y) the Anchor Tenant
Agreement is no longer in full force and effect but amounts remain unpaid under such Anchor Tenant Agreement.
JFK INTERNATIONAL AIR
TERMINAL LLC
By:
Name:
Title:
2[a] This alternative is to be used if the reason for the draw is to obtain funds to make a payment in respect of amounts that are due and owing.
2[b] This alternative is to be used if the reason for the draw is the pending expiry of the letter of credit.