Delta Airlines 2012 Annual Report Download - page 290

specifically provided. References to “Articles” will be to Articles of this Agreement unless otherwise specifically provided.
References to “Exhibits” and “Schedules” will be to Exhibits and Schedules, respectively, to this Agreement unless
otherwise specifically provided.
(e)
Notwithstanding anything to the contrary in this Agreement, any references contained herein to any
section, clause, paragraph, definition or other provision of the Credit Agreement (including any definition contained therein)
shall be deemed to be a reference to such section, clause, paragraph, definition or other provision as in effect on the date of
this Agreement; provided , that any reference to any such section, clause, paragraph or other provision shall refer to such
section, clause, paragraph or other provision of the Credit Agreement (including any definition contained therein) as
amended or modified from time to time if such amendment or modification has been (1) made in accordance with the Credit
Agreement and (2) prior to the Discharge of Priority Lien Obligations, approved in a writing delivered to the Collateral
Trustee by, or on behalf of, the requisite holders of Priority Lien Obligations as are needed (if any) under the terms of the
applicable Priority Lien Documents to approve such amendment or modification.
This Agreement and the other Security Documents will be construed without regard to the identity of the party who
drafted it and as though the parties participated equally in drafting it. Consequently, each of the parties acknowledges and
agrees that any rule of construction that a document is to be construed against the drafting party will not be applicable either
to this Agreement or the other Security Documents.
ARTICLE 2. THE TRUST ESTATES
SECTION 2.1 Declaration of Senior Trust .
To secure the payment of the Priority Lien Obligations and in consideration of the mutual premises and the
agreements set forth in this Agreement, each of the Grantors hereby grants to the Collateral Trustee, and the Collateral
Trustee hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all current and future holders of
Priority Lien Obligations, all of such Grantor's right, title and interest in, to and under all Collateral granted to the Collateral
Trustee under any Security Document for the benefit of the holders of Priority Lien Obligations, together with all of the
Collateral Trustee's right, title and interest in, to and under such Security Documents, and all interests, rights, powers and
remedies of the Collateral Trustee thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively,
the “ Senior Trust Estate ” ).
The Collateral Trustee and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust
for the benefit solely and exclusively of all current and future holders of Priority Lien Obligations as security for the
payment of all current and future Priority Lien Obligations.
Notwithstanding the foregoing, if at any time:
(1) all Liens securing the Priority Lien Obligations have been released as provided in Section 4.1;
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