Delta Airlines 2010 Annual Report Download - page 398

DBO occurs shall be an amount equal to the positive difference between (i) the product of (x) the pro-rata portion of the Base Fee attributable to the Post
DBO Stub Period multiplied by (y) a fraction, the numerator of which is the Terminal 4 Square Footage on the last day of such Semi-Annual Period and the
denominator of which is the Existing Terminal 4 Square Footage, minus (ii) the pro-rata portion of the Base Fee attributable to the Post DBO Stub Period (the
"Stub Period Adjusted Terminal Management Fee").
(b) Post DBO Semi-Annual Periods. The Adjusted Terminal Management Fee with respect to the first Semi-Annual Period commencing after Phase I DBO
shall be the amount of the Stub Period Adjusted Terminal Management Fee, semi-annualized to reflect a full one hundred eighty (180) day period, and,
subject to the proviso in clause (b)(ii)(C) below, the Adjusted Terminal Management Fee with respect to each Semi-Annual Period thereafter shall be the
Adjusted Terminal Management Fee with respect to the immediately preceding Semi-Annual Period, subject in each case to the following adjustments:
(i) Annual CPI Percentage Increase. Effective on the first day of the first Alternative Annual Period commencing on or after Phase I DBO and
thereafter on each anniversary of such date, the Adjusted Terminal Management Fee with respect to the Semi-Annual Period commencing on such date
shall be increased from the Adjusted Terminal Management Fee with respect to the immediately preceding Semi-Annual Period by the Annual CPI
Percentage Increase (as defined in the Port/IAT Lease but applied as of the first day of such Alternative Annual Period and on each anniversary thereof)
provided, however, that, with respect to such adjustment to occur on the first day of the first Alternative Annual Period commencing on or after Phase I
DBO, such Annual CPI Percentage Increase shall be pro-rated in a manner such that the adjustment will apply only to the portion of such Alternative
Annual Period not covered by the Annual CPI Percentage Increase applied to the Base Fee pursuant to the Port/IAT Lease.
(ii) Terminal 4 Square Footage Adjustment.
(A) Effective on the first day of the first Alternative Annual Period commencing on or after Phase I DBO, the Adjusted Terminal Management Fee
with respect to the Semi-Annual Period commencing on such date (as adjusted pursuant to clause (b)(i) above) shall be multiplied by a fraction, the
numerator of which is the Terminal 4 Square Footage on the date of Phase I DBO and the denominator of which is the Existing Terminal 4 Square
Footage.
(B) If one or more additional material changes to the Terminal 4 Square Footage occur (each, a "Terminal 4 Square Footage Material Change")
during the Post DBO Stub Period or any Semi-Annual Period occurring after Phase I DBO, then, effective on the first day of the next succeeding Semi-
Annual Period (the "Adjustment Date"), an adjustment shall be made for each such change by multiplying the Adjusted Terminal Management Fee
with respect to the Semi-Annual Period commencing on the Adjustment Date (as adjusted pursuant to clause (b)(i) and (b)(ii)(A) above) by a fraction,
the numerator of which is the Terminal 4 Square Footage immediately after the Terminal 4 Square Footage
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