Delta Airlines 2012 Annual Report Download - page 202

(u) Indebtedness in respect of deferred rent;
(v) Indebtedness in respect of deferred taxes;
(w) [reserved];
(x) [reserved];
(y) Indebtedness secured by purchase money security interests and Capitalized Leases (including in the form of sale-
leaseback, synthetic lease or similar transactions) to the extent such Indebtedness was incurred in connection with ARB
Indebtedness; provided that the amount of such Indebtedness does not exceed 100% of the purchase price or construction cost
(including any capitalized interest and issuance fees and expenses) of the subject asset;
(z) [reserved];
(aa) [reserved];
(bb) in the event that the transactions underlying the Jet Fuel Inventory Supply Agreement are re-characterized as
Indebtedness owed by the Borrower, such Indebtedness;
(cc) reimbursement obligations in respect of standby or documentary letters of credit or bankers acceptances that are
secured by Liens not prohibited by Section 6.01;
(dd) surety and appeal bonds secured by Liens not prohibited by Section 6.01;
(ee) Indebtedness not to exceed $50,000,000 at any one time outstanding for Indebtedness of the Borrower or any
Guarantor incurred subsequent to the Closing Date that will be secured;
(ff) [reserved];
(gg) Pari Passu Senior Secured Debt; and
(hh) (i) Indebtedness of the Borrower and the Guarantors 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, in
each case so long as such Indebtedness is permitted to be incurred and so secured under all applicable Secured Debt Documents
(as defined in the Collateral Trust Agreement), provided that (1) such Indebtedness constitutes “Junior Lien Debt” as defined
under, and in accordance with the terms of, the Collateral Trust Agreement, and (2) after giving pro forma effect to the
incurrence of such Indebtedness and the application of the net proceeds therefrom, the Total Collateral Coverage Ratio shall be
no less than 1.00 to 1.00 and (ii) any refinancing, refunding, renewal or extension of any such Indebtedness specified in clause
(i) hereof, provided that (1) the principal amount of any such Indebtedness shall not be increased above the principal amount
thereof outstanding immediately prior to such refinancing, refunding, renewal or extension, (2) the direct and contingent
obligors with respect to such Indebtedness are not changed, (3) such Indebtedness shall have a Weighted Average Life to
Maturity that is greater than or equal to that of the Indebtedness being so refinanced, refunded, renewed or extended, (4) the
terms and conditions of such Indebtedness shall not be materially less favorable to the obligors thereon or to Lenders than the
Indebtedness being so refinanced, refunded, renewed or extended ( provided that, notwithstanding the foregoing in this
subclause (4), (x)
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