Delta Airlines 2012 Annual Report Download - page 141

lease, demonstrating, with reasonably detailed calculations, compliance with the provisions of this subclause (B) and detailing the
arrangements pursuant to which the Collateral Trustee's Liens on the Collateral subject to such lease or sublease are not materially
adversely affected (which arrangements must be reasonably satisfactory to the Administrative Agent);
(e)
the Disposition of 14 Pacific Route Foreign Slots at Narita Airport in Tokyo, Japan to US Airways pursuant to
that certain Mutual Asset Purchase and Sale Agreement, dated as of August 11, 2009, among the Borrower, US Airways, Inc.
and US Airways Group, Inc.; and
(f)
abandonment of Pacific Route 828.
“ Permitted Investments ” shall mean:
(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the
United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the
United States of America), in each case maturing within one year from the date of acquisition thereof;
(b)
direct obligations of state and local government entities in each case maturing within one year from the date of
acquisition thereof, which have a rating of at least A- (or the equivalent thereof) from S&P or A3 (or the equivalent thereof)
from Moody's;
(c)
obligations of domestic or foreign companies and their subsidiaries (including, without limitation, agencies,
sponsored enterprises or instrumentalities chartered by an Act of Congress, which are not backed by the full faith and credit of
the United States of America), including, without limitation, bills, notes, bonds, debentures, and mortgage-backed securities, in
each case maturing within one year from the date of acquisition thereof and which have a rating of at least A-
(or the equivalent
thereof) from S&P or A-3 (or the equivalent thereof) from Moody's;
(d) commercial paper maturing within 365 days from the date of acquisition thereof and having, at such date of
acquisition, a rating of at least A-2 (or the equivalent thereof) from S&P or P-2 (or the equivalent thereof) from Moody's;
(e)
certificates of deposit, banker's acceptances and time deposits maturing within one year from the date of
acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any
domestic office of any other commercial bank of recognized standing organized under the laws of the United States of America
or any State thereof that has a combined capital and surplus and undivided profits of not less than $250,000,000 and which has
a long term unsecured debt rating of at least A from S&P and A2 from Moody's (or is the principal banking Subsidiary of a
bank holding company that has such ratings);
(f)
fully collateralized repurchase agreements with a term of not more than six (6) months for underlying securities
that would otherwise be eligible for investment;
(g)
Investments of money in an investment company organized under the Investment Company Act of 1940, as
amended, or in pooled accounts or funds offered through mutual funds, investment advisors, banks and brokerage houses which
invest its assets in obligations of the type described in (a) through (f) above. This could include, but not be limited to, money
market funds or short-term and intermediate bonds funds; and
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