Delta Airlines 2012 Annual Report Download - page 160

(b)
Subject to the provisions of Section 2.08, each Eurodollar Loan shall bear interest (computed on the basis of
the actual number of days elapsed over a year of 360 days) at a rate per annum equal, during each Interest Period applicable thereto, to
the LIBO Rate for such Interest Period in effect for such Borrowing plus the Applicable Margin.
(c) Accrued interest on all Loans shall be payable in arrears on each Interest Payment Date applicable thereto,
on the Termination Date and after the Termination Date on written demand and (with respect to Eurodollar Loans) upon any repayment
or prepayment thereof (on the amount repaid or prepaid); provided that in the event of any conversion of any Eurodollar Loan to an
ABR Loan, accrued interest on such Loan shall be payable on the effective date of such conversion.
SECTION 2.08. Default Interest . If the Borrower or any Guarantor, as the case may be, shall default in the
payment of the principal of or interest on any Loan or in the payment of any other amount becoming due hereunder (including, without
limitation, the reimbursement pursuant to Section 2.02(e) of any LC Disbursements), whether at stated maturity, by acceleration or
otherwise, the Borrower or such Guarantor, as the case may be, shall on written demand of the Administrative Agent from time to time
pay interest, to the extent permitted by law, on all overdue amounts up to (but not including) the date of actual payment (after as well as
before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days when the
LIBO Rate is applicable or a year of 365 days or 366 days in a leap year otherwise) equal to (a) with respect to the principal amount of
any Loan, the rate then applicable for such Borrowings plus 2.0%, and (b) in the case of all other amounts, the rate applicable for ABR
Loans plus 2.0%.
SECTION 2.09. Alternate Rate of Interest . In the event, and on each occasion, that on the date that is two
Business Days prior to the commencement of any Interest Period for a Eurodollar Loan, the Administrative Agent shall have reasonably
determined (which determination shall be conclusive and binding upon the Borrower absent manifest error) that reasonable means do
not exist for ascertaining the applicable LIBO Rate, the Administrative Agent shall, as soon as practicable thereafter, give written,
facsimile or telegraphic notice of such determination to the Borrower and the Lenders and, until the circumstances giving rise to such
notice no longer exist, any request by the Borrower for a Borrowing of Eurodollar Loans hereunder (including pursuant to a refinancing
with Eurodollar Loans and including any request to continue, or to convert to, Eurodollar Loans) shall be deemed a request for a
Borrowing of ABR Loans.
SECTION 2.10. Amortization of Term Loans; Repayment of Loans; Evidence of Debt .
(a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the ratable account
of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Revolving Facility Termination Date.
(b) (i) The principal amounts of the Term B-1 Loans shall be repaid in consecutive quarterly installments
(each, an “ Installment ”) of 0.25% of the original aggregate principal amount thereof, each on the last day of each calendar quarter of
each year commencing on March 31, 2013. Notwithstanding the foregoing, (1) such Installments shall be reduced in connection with
any voluntary or mandatory prepayments of the Term Loans in accordance with Sections 2.12 and 2.13, as applicable; and (2) the Term
B-1 Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the
Term B-1 Loan Termination Date.
(ii) The principal amounts of the Term B-2 Loans shall be repaid in consecutive quarterly Installments of
0.25% of the original aggregate principal amount thereof, each on the last day of
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