Delta Airlines 2006 Annual Report Download - page 275

“Reinvestment Deferred Amount” has the meaning ascribed to it in Section 1.2(c)(ii).
“Reinvestment Event” means the date on which the Net Cash Proceeds of (x) any Asset Sale of assets not included in the Term A
Borrowing Base or (y) any Property Loss Event, which in each case are deposited in the Cash Collateral Account.
“Reinvestment Notice” means a written notice executed by the Chief Financial Officer of Borrower stating that no Event of Default has
occurred and is continuing and that Borrower (directly or indirectly through one of the Guarantors or the applicable Subsidiary) intends and expects to use the
Reinvestment Deferred Amount for Permitted Reinvestment Collateral as specified therein.
“Reinvestment Prepayment Date” means, with respect to any Net Cash Proceeds of any Reinvestment Event, (i) involving any Collateral
(other than in respect of Collateral subject to the Aircraft Mortgage), the earliest of (a) the date occurring 180 days after such Reinvestment Event, unless,
prior to any such date, Borrower or the applicable Subsidiary has (x) entered into an agreement for the acquisition of Permitted Reinvestment Collateral or (y)
commenced the construction of Permitted Reinvestment Collateral or the repair of the original assets constituting Permitted Reinvestment Collateral, (b) the
date that is five (5) Business Days after the date on which Borrower shall have notified the Administrative Agent of Borrower’s determination not to acquire
Permitted Reinvestment Collateral with all or any portion of the relevant Reinvestment Deferred Amount for such Net Cash Proceeds and (c) the occurrence
of any Event of Default, (ii) arising from a Property Loss Event involving any Aircraft or Engine, the Loss Payment Date (as defined in the Aircraft
Mortgage), or (iii) arising from a Property Loss Event involving any Engine (not involving the related Airframe (as defined in the Aircraft Mortgage)), the
date upon which such Engine is required to be replaced in accordance with Section 7.05(b)of the Aircraft Mortgage.
“Reinvestment Release Request” means a written notice executed by the Chief Financial Officer of Borrower stating that no Event of
Default has occurred and is continuing and that Borrower (directly or indirectly through one of the Guarantors or the applicable Subsidiary) requests the
release of the Reinvestment Deferred Amount from the Cash Collateral Account for Permitted Reinvestment Collateral as specified therein.
“Related Person” means, with respect to any Person, any Affiliates, officers, employees, agents, directors or other Persons acting for or
in concert with such Person.
“Relationship Bank” has the meaning ascribed to it in Section (b)of Annex C.
“Release” means any release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection,
deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material in the indoor or outdoor environment, including the movement
of Hazardous Material through or in the air, soil, surface water, ground water or property.
“Replacement Aircraft” shall have the meaning ascribed to it in the Aircraft Mortgage.
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