Delta Airlines 2012 Annual Report Download - page 277

“Additional Collateral” means (a) cash and Permitted Investments (as defined in the Credit Agreement) pledged to
the Collateral Trustee (and subject to an Account Control Agreement), and (b) routes, slots and/or gate leaseholds of Delta
or any other Grantor designated by Delta as “Additional Collateral” and pledged to the Collateral Trustee pursuant to
arrangements reasonably satisfactory to the Administrative Agent, each other Priority Lien Representative and the Collateral
Trustee, and all of which assets shall (i) (other than Additional Collateral of the type described in clause (a) above) be
valued by a new Appraisal Report (as defined in the Credit Agreement) at the time Delta designates such assets as
Additional Collateral and (ii) as of any date of determination, be subject to a perfected first priority (subject to Permitted
Liens) Lien in favor of the Collateral Trustee.
“ Additional Secured Debt ” has the meaning set forth in Section 3.8.
“Additional Secured Debt Designation” means a notice in substantially the form of Exhibit A .
“ Administrative Agent ” has the meaning set forth in the recitals.
“ Affiliate ” of any specified Person means any other Person directly or indirectly controlling or controlled by or
under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with
respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For
purposes of this definition, the terms
“controlling,” “controlled by” and “under common control with” have correlative
meanings.
“ Agreement ” has the meaning set forth in the preamble.
“ Airport Authority ” shall mean any city or any public or private board or other body or organization chartered or
otherwise established for the purpose of administering, operating or managing airports or related facilities, which in each
case is an owner, administrator, operator or manager of one or more airports or related facilities.
“Asset Sale Offer” has the meaning set forth in Section 4.1(a)(5).
“Banking Product Obligations” means, as applied to any Person, any direct or indirect liability, contingent or
otherwise, of such Person in respect of any treasury, depository and cash management services and automated clearing
house transfers of funds services provided by a lender under the Credit Agreement or any of its banking affiliates, including
obligations for the payment of fees, interest, charges, expenses, attorneys' fees and disbursements in connection therewith, in
each case designated by Delta as Banking Product Obligations from time to time by written notice to the Administrative
Agent.
“ Board of Directors ” means (a) with respect to a corporation, the board of directors of the corporation or any
committee thereof duly authorized to act on behalf of such board, (b) with respect to a partnership, the board of directors of
the general partner of the partnership, (c) with respect to a limited liability company, the managing member or members,
manager or managers
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