Delta Airlines 2012 Annual Report Download - page 332

[ Option B: to be used if Additional Debt is Priority Lien Debt ] The undersigned New Representative, on behalf of itself
and each holder of Obligations in respect of the Series of Priority Lien Debt for which the undersigned is acting as Priority
Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Priority
Lien Debt and Junior Lien Debt, each existing and future Junior Lien Representative, each other existing and future Priority
Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as
Secured Debt under the Collateral Trust Agreement that:
(a) all Priority Lien Obligations will be and are secured equally and ratably by all Priority Liens at
any time granted by Delta or any other Grantor to the Collateral Trustee to secure any Obligations in respect
of any Series of Priority Lien Debt, whether or not upon property otherwise constituting collateral for such
Series of Priority Lien Debt, and that all such Priority Liens will be enforceable by the Collateral Trustee for
the benefit of all holders of Priority Lien Obligations equally and ratably;
(b)
the New Representative and each holder of Obligations in respect of the Series of Priority Lien
Debt for which the undersigned is acting as Priority Lien Representative are bound by the provisions of this
Agreement, including the provisions relating to the ranking of Priority Liens and the order of application of
proceeds from the enforcement of Priority Liens; and
(c)
the Collateral Trustee shall perform its obligations under the Collateral Trust Agreement and the
other Security Documents.
3. Governing Law and Miscellaneous Provisions . The provisions of Article 7 of the Collateral Trust Agreement will
apply with like effect to this Collateral Trust Joinder.
IN WITNESS WHEREOF, the parties hereto have caused this Collateral Trust Joinder to be executed by their
respective officers or representatives as of ___________________, 20____.
[insert name of the new representative]
By:
The Collateral Trustee hereby acknowledges receipt of this Collateral Trust Joinder and agrees to act as Collateral Trustee
for the New Representative and the holders of the Obligations represented thereby:
_______________, as Collateral Trustee
By:
Name:
________________________________
Title:
________________________________
Name:
________________________________
Title:
________________________________