Delta Airlines 2012 Annual Report Download - page 132

constitute Collateral under the terms of the Loan Documents (including, without limitation, applicable Additional Collateral). The
Immaterial Subsidiaries as of the Closing Date that are not Guarantors on the Closing Date shall be listed on Schedule 1.01(a).
“ Increase Effective Date ” shall have the meaning set forth in Section 2.27(a).
“ Increase Joinder ” shall have the meaning set forth in Section 2.27(c).
“ Incremental Term Loan Commitment ” shall have the meaning set forth in Section 2.27(a).
“ Incremental Term Loans ” shall have the meaning set forth in Section 2.27(c)(i).
“ Indebtedness ” of any Person shall mean, without duplication, (a) all obligations of such Person for borrowed money
(including in connection with deposits or advances), (b) all obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by
such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current
accrued expenses incurred and current accounts payable, in each case in the ordinary course of business), (e) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on
property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by
such Person of Indebtedness of others, (g) all obligations of such Person in respect of Capitalized Leases, (h) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or
otherwise, of such Person in respect of bankers' acceptances, (j) all obligations of such person to pay a specified purchase price for
goods or services, whether or not delivered or accepted, i.e., take-or-pay and similar obligations, and (k) all obligations in respect of
Hedging Agreements valued at the amount equal to what would be payable by such Person to its counterparty to such Hedging
Agreements if such Hedging Agreements were terminated early on such date of determination. The Indebtedness of any Person shall
include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such
Person is liable therefor as a result of such Person's ownership interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor.
“ Indemnified Taxes ” shall mean Taxes other than Excluded Taxes.
“ Indemnitee ” shall have the meaning set forth in Section 10.04(b).
“ Initial Appraisal Report ” shall mean the Delta Air Lines Pacific Routes Appraisal, dated August 22, 2012, by
Morton, Beyer & Agnew.
“ Installment ” shall have the meaning set forth in Section 2.10(b).
“ Interest Election Request ” shall mean a request by the Borrower to convert or continue a Borrowing in accordance
with Section 2.05.
“ Interest Expense ” shall mean, for any period, the gross cash interest expense (including the interest component of
Capitalized Leases), of the Borrower and its Subsidiaries on a consolidated basis for such period, all as determined in accordance with
GAAP.
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