Delta Airlines 2012 Annual Report Download - page 317

(2)
promptly deliver to the Collateral Trustee and each Secured Debt Representative opinions
of counsel, subject to customary assumptions and exclusions, if any, relating to the creation and perfection of
security interests relating to the Collateral.
(d) Delta and the other Grantors will promptly deliver to the Collateral Trustee copies of any notices
received from its insurers with respect to insurance programs required by the Terrorism Risk Insurance Act of 2002 (as
extended by the Terrorism Risk Insurance Extension Act of 2005) and, if so requested by the Collateral Trustee, procure and
maintain in force the insurance that is offered in such programs to the same extent maintained by companies of the same or
similar size in the same or similar businesses.
(e) Upon the request of the Collateral Trustee, Delta and the other Grantors will permit the Collateral
Trustee or any of its agents or representatives (x), at reasonable times and intervals (but in any event, so long as no Event of
Default (as defined in any Secured Debt Document) has occurred and is continuing, no more than one time per year) upon
reasonable prior notice, to examine and make copies of and abstracts from the books and records relating to the Collateral
(subject to requirements under any confidentiality agreements, if applicable), all at Delta's expense and (y) to discuss matters
relating to the Collateral with their respective representatives and advisors (provided that Delta shall be given the right to
participate in such discussions with such representatives).
SECTION 7.4 Perfection of Junior Trust Estate .
Solely for purposes of perfecting the Liens of the Collateral Trustee in its capacity as agent of the holders of Junior
Lien Obligations and the Junior Lien Representatives in any portion of the Junior Trust Estate in the possession or control of
the Collateral Trustee (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any
instruments, goods, negotiable documents, tangible chattel paper, certificated securities, securities accounts or money, the
Collateral Trustee, the holders of Priority Lien Obligations and the Priority Lien Representatives hereby acknowledge that
the Collateral Trustee also holds such property as gratuitous bailee for the benefit of the Collateral Trustee for the benefit of
the holders of Junior Lien Obligations and the Junior Lien Representatives (such bailment being intended, among other
things, to satisfy the requirements of Sections 8-106(d)(d), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any
deposit accounts under the control (within the meaning of Section 9-
104 of the UCC) of the Collateral Trustee in its capacity
as agent of the holders of the Priority Lien Obligations agrees to also hold control over such deposit accounts as gratuitous
agent for the benefit of the Collateral Trustee for the benefit of the holders of Junior Lien Obligations and the Junior Lien
Representatives.
SECTION 7.5 Successors and Assigns .
(a) Except as provided in Section 5.2, the Collateral Trustee may not, in its capacity as such, delegate any
of its duties or assign any of its rights hereunder, and any attempted delegation or assignment of any such duties or rights
will be null and void. All obligations of the Collateral Trustee hereunder will inure to the sole and exclusive benefit of, and
be enforceable by, each Secured Debt Representative and each present and future holder of
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