Delta Airlines 2012 Annual Report Download - page 288

“Sale of Grantor” means any issuance, sale, lease, conveyance or other disposition of the capital stock of a Grantor
other than (1) an issuance of Equity Interests by a Grantor to either of Delta or another Subsidiary of Delta, and (2) an
issuance of directors' qualifying shares.
“ Secured Debt ” means Priority Lien Debt and Junior Lien Debt.
“ Secured Debt Default ”
means any event or condition which, under the terms of any credit agreement, indenture or
other agreement governing any Secured Debt Obligations causes, or permits holders of Secured Debt outstanding thereunder
(with or without the giving of notice or lapse of time, or both, and whether or not notice has been given or time has lapsed)
to cause, the Secured Debt outstanding thereunder to become immediately due and payable.
“ Secured Debt Documents ” means the Priority Lien Documents and the Junior Lien Documents.
“ Secured Debt Lien ” means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon
any property of Delta or any Guarantor to secure Secured Debt Obligations.
“ Secured Debt Obligations ” means Priority Lien Obligations and Junior Lien Obligations.
“ Secured Debt Representative ” means each Priority Lien Representative and each Junior Lien Representative.
“ Secured Parties ” means the holders of Secured Debt Obligations and the Secured Debt Representatives.
“ Security Documents ” means this Agreement, each Lien Sharing and Priority Confirmation, and all security
agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control
agreements or other grants or transfers for security executed and delivered by any Grantor creating (or purporting to create)
a Lien upon Collateral in favor of the Collateral Trustee, for the benefit of any of the Secured Parties, in each case, as
amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms and
Section 7.1.
“ Senior Trust Estate ” has the meaning set forth in Section 2.1.
“ Series of Junior Lien Debt ” means, severally, each issue or series of notes or other Indebtedness under any
indenture or Credit Facility represented by a single Junior Lien Representative that constitutes Junior Lien Obligations.
“ Series of Priority Lien Debt ” means, severally, (a) the Indebtedness under the Credit Agreement and (b) each
series of additional notes or other Indebtedness under any indenture or Credit Facility represented by a single Priority Lien
Representative that constitutes Priority Lien Obligations.
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