Delta Airlines 2012 Annual Report Download - page 205

(o) Investments in connection with (i) foreign exchange contracts, currency swap agreements, currency future or
option contracts and other similar agreements designed to hedge against fluctuations in foreign interest rates and currency
values, (ii) interest rate swap, cap or collar agreements and interest rate future or option contracts and other similar agreements
designed to hedge against fluctuations in interest rates, and (iii) fuel hedges and other derivatives contracts, in each case to the
extent that such agreement or contract is entered into for bona fide hedging purposes and (other than in the case of fuel hedges)
in the ordinary course of business;
(p) Investments received (x) in settlement of amounts due to any of the Borrower and the Guarantors effected in the
ordinary course of business (including as a result of dispositions permitted by this Agreement) or (y) in connection with the
bankruptcy or the reorganization of any customers or suppliers;
(q) Investments in an amount not to exceed $150,000,000 in the aggregate at any one time outstanding in connection
with Investments in travel or airline related businesses made in connection with marketing and promotion agreements, alliance
agreements, distribution agreements, agreements with respect to fuel consortiums, agreements relating to flight training,
agreements relating to insurance arrangements, agreements relating to parts management systems and other similar agreements;
(r) advances to officers, directors and employees of the Borrower and the Guarantors in an aggregate not to exceed
$10,000,000 in the aggregate at any time outstanding for all such advances
(s) Investments held or invested in by any of the Borrower and the Guarantors in the form of foreign cash equivalents
in the ordinary course of business;
(t) advances to officers, directors and employees of the Borrower and the Guarantors in connection with relocation
expenses or signing bonuses for newly hired officers, directors or employees of the Borrower and the Guarantors;
(u) Investments in the form of lease, utility and other similar deposits or any other deposits permitted hereunder in the
ordinary course of business;
(v) pledges and deposits by the Borrower and the Guarantors not otherwise prohibited under Sections 6.01 or 6.03;
(w) (i) Investments and guarantees by the Borrower and the Guarantors not otherwise prohibited under Sections 6.01
or 6.03, (ii) Guarantees in the ordinary course of business of obligations that do not constitute Indebtedness of (A) the Borrower
or any of its Subsidiaries or (B) any regional air carrier that is a member of the Delta Connection program owed to airport
operators in connection with its activities under the Delta Connection program and (iii) advances to airport operators of landing
fees and other customary airport charges on behalf of carriers for which the Borrower or any of its Subsidiaries provides ground
handling services;
(x) loans or Investments by the Borrower or any Guarantor that could otherwise be made as a distribution permitted
under this Section 6.07; provided that for purposes of this Section 6.07 such loan or Investment shall be treated as a distribution
thereunder;
(y) Investments held by the Borrower or any Guarantor to the extent such Investments reflect an increase in the value
of Investments;
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