Delta Airlines 2012 Annual Report Download - page 120

“ Aggregate Exposure Percentage ” shall mean, with respect to any Lender at any time, the ratio (expressed as a
percentage) of such Lender's Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.
“ Airport Authority ” shall mean any city or any public or private board or other body or organization chartered or
otherwise established for the purpose of administering, operating or managing airports or related facilities, which in each case is an
owner, administrator, operator or manager of one or more airports or related facilities.
“ Alternate Base Rate ”
shall mean, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on
such day, (b) the sum of the Federal Funds Effective Rate in effect on such day plus ½ of 1% and (c) the sum of the one-month LIBO
Rate in effect on such day plus 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds
Effective Rate or the one-month LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate,
the Federal Funds Effective Rate or the one-month LIBO Rate, respectively.
“ Anti-Money Laundering Laws ” shall mean any and all laws, judgments, orders, executive orders, decrees,
ordinances, rules, regulations, statutes, case law or treaties applicable to a Loan Party, its Subsidiaries or Affiliates related to terrorism
financing or money laundering, including any applicable provision of Title III of the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 2001 (Title III of Pub. L. 107-56) (the “
Patriot Act ”) and The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-
5330 and 12 U.S.C. §§ 1829b and 1951-1959).
“ Applicable Appraisal Discount Rate ” shall mean, on the date of any valuation done in connection with an Appraisal
Report, 11.5%.
“ Applicable Margin ” shall mean the rate per annum set forth under the relevant column heading below:
“ Appraisal Report ”
shall mean (i) the Initial Appraisal Report and (ii) any other appraisal prepared by the Appraiser in
form and substance reasonably satisfactory to the Administrative Agent, which certifies, at the time of determination, the Appraised
Value of the applicable Collateral described therein.
“ Appraised Value ” shall mean, as of any date of determination, the sum of (i) the current fair market value of all
Collateral (other than cash and Permitted Investments pledged as Additional Collateral) as reflected in the most recent Appraisal Report
obtained in respect of such Collateral in accordance with this Agreement, utilizing (in the case of any Routes) the Applicable Appraisal
Discount Rate, and (ii) 160% of the amount of cash and Permitted Investments pledged on such date as Additional Collateral.
“ Appraiser ” shall mean, from time to time, Morton, Beyer & Agnew or such other independent appraisal firm
reasonably satisfactory to the Administrative Agent and the Borrower at the time of delivery of any Appraisal Report.
3
ABR Loans Eurodollar Loans
Revolving Loans 3.0% 4.0%
Term B-1 Loans 3.0% 4.0%
Term B-2 Loans 2.0% 3.0%