Delta Airlines 2012 Annual Report Download - page 134

“ JFK ” shall mean New York's John F. Kennedy (JFK) International Airport.
“ Junior Secured Debt ” shall mean (i) the Indebtedness permitted to be incurred under Section 6.03(hh) and permitted
to be secured by a Lien on Collateral under Section 6.01(d) and (ii) any Refinancing Debt secured by a Lien on the Collateral that is
junior to the Liens securing the Obligations and the other Pari Passu Senior Secured Debt pursuant to the Collateral Trust Agreement,
so long as (1) such Refinancing Debt is permitted to be incurred and so secured under all applicable Secured Debt Documents (as
defined in the Collateral Trust Agreement) and (2) such Refinancing Debt constitutes “Junior Lien Debt” as defined under, and in
accordance with the terms of, the Collateral Trust Agreement.
“ Junior Secured Debt Documents ” shall mean each indenture, credit agreement and other instruments and notes
evidencing the Junior Secured Debt, and each other agreement executed in connection therewith, as each may be amended, restated,
supplemented or otherwise modified from time to time.
“ Latest Maturity Date ” shall mean, at any date of determination, the latest maturity or expiration date applicable to
any Loan or Commitment hereunder at such time, including the latest maturity date of any Term Loan.
“ LC Commitment ” shall mean $100,000,000.
“ LC Disbursement ” shall mean a payment made by an Issuing Lender pursuant to a Letter of Credit issued by it.
“ LC Exposure ” shall mean, at any time, the sum of (a) the aggregate maximum undrawn amount of all outstanding
Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf
of the Borrower at such time. The LC Exposure of any Revolving Lender at any time shall be its Revolving Commitment Percentage of
the total LC Exposure at such time.
“ Lenders ” shall mean the Revolving Lenders and the Term Lenders.
“ Letter of Credit ” shall mean any irrevocable letter of credit issued pursuant to Section 2.02, which letter of credit
shall be (i) a standby letter of credit, (ii) issued for general corporate purposes of the Borrower or any Subsidiary, (iii) denominated in
Dollars and (iv) otherwise in such form as may be reasonably approved from time to time by the Administrative Agent and the
applicable Issuing Lender.
“ Letter of Credit Account ”
shall mean the account established by the Borrower under the sole and exclusive control of
the Administrative Agent maintained at the office of the Administrative Agent at Barclays Bank PLC, 745 Seventh Avenue, New York,
NY 10019, Attention: Bank Debt Management Group, designated as the
“Delta Air Lines LC Account” that shall be used solely for the
purposes set forth herein.
“ Letter of Credit Fees ” shall mean the fees payable in respect of Letters of Credit pursuant to Section 2.21.
“ LIBO Rate ” shall mean, with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the
greater of (i) the rate per annum appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such service, or
any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such
service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to
dollar deposits in the London interbank market) at approximately 11:00 a.m., London
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