Delta Airlines 2006 Annual Report Download - page 137

(b) Term Loan B.
(i) On the Effective Date the aggregate principal amount of Term Loan B (as defined in the Existing Credit Agreement)
outstanding under the Existing Credit Agreement is $700,000,000 and shall be deemed outstanding under this Agreement (collectively, the “Term Loan B”).
The obligations of each Term B Lender hereunder shall be several and not joint. The Term Loan B shall, upon the request of any Lender pursuant to Section
1.10,be evidenced by a Note, and, upon such request as provided in Section 1.10, Borrower shall execute and deliver each Note to the applicable Term B
Lender. Each Note shall represent the obligation of Borrower to pay the amount of the applicable Term B Lender’s Term Loan B, together with interest
thereon as prescribed in Section 1.5.
(ii) The aggregate outstanding principal balance of the Term Loan B shall be due and payable in full in immediately
available funds on the Maturity Date, if not sooner paid in full. No payment with respect to the Term Loan B may be reborrowed.
(iii) Each payment of principal with respect to the Term Loan B shall be paid to the Administrative Agent for the ratable
benefit of each Term B Lender, ratably in proportion to each such Term B Lender’s respective Term B Commitment.
(c) Term Loan C.
(i) On the Effective Date the aggregate principal amount of Term Loan C (as defined in the Existing Credit Agreement)
outstanding under the Existing Credit Agreement is $600,000,000 and shall be deemed outstanding under this Agreement (collectively, the “Term Loan C”).
The obligations of each Term C Lender hereunder shall be several and not joint. The Term Loan C shall, upon the request of any Lender pursuant to Section
1.10,be evidenced by a Note, and, upon such request as provided in Section 1.10, Borrower shall execute and deliver each Note to the applicable Term C
Lender. Each Note shall represent the obligation of Borrower to pay the amount of the applicable Term C Lender’s Term Loan C, together with interest
thereon as prescribed in Section 1.5.
(ii) The aggregate outstanding principal balance of the Term Loan C shall be due and payable in full in immediately
available funds on the Maturity Date, if not sooner paid in full. No payment with respect to the Term Loan C may be reborrowed.
(iii) Each payment of principal with respect to the Term Loan C shall be paid to the Administrative Agent for the ratable
benefit of each Term C Lender, ratably in proportion to each such Term C Lender’s respective Term C Commitment.
1.2 Prepayments.
(a) Voluntary Prepayments.Borrower may at any time on at least three (3) Business Days’ prior written notice to the
Administrative Agent, voluntarily prepay all or part of the Term Loan; providedthat any such prepayment shall be in a minimum amount of $5,000,000 and
integral multiples of $250,000 in excess of such amount and shall be accompanied by payment of any LIBOR funding breakage costs in accordance with
Section 1.11(b); provided, further, that any such prepayment shall be applied pursuant to Section 1.3.
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