on a specific day of the week at each non-United States airport served in conjunction with Deltas or such subsidiarys operations over a Route,
other than slots which have been permanently allocated to another air carrier and in which Delta or, if applicable, such subsidiary holds temporary use rights.
GAAP means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles
Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the
accounting profession, which are in effect from time to time.
Gate Interests means all of the right, title, privilege,
interest, and authority now or hereafter acquired or held by Delta or, if applicable, a subsidiary in connection with the right to use or occupy holdroom and passenger boarding and deplaning space in any airport terminal at which Delta or any
subsidiary conducts scheduled operations.
Indebtedness means any Persons obligation for borrowed money, including
without limitation all obligations evidenced by bonds, debentures, notes or similar instruments.
Issue Date means the date on
which any notes are first issued under the indenture.
Lien means any lien (statutory or otherwise), security interest,
mortgage, pledge, hypothecation, charge or similar encumbrance; provided, however, that in no event shall an operating lease, operating sublease or license be deemed to constitute a Lien.
Routes means the routes for which Delta or, if applicable, a subsidiary holds or hereafter acquires the requisite authority to
operate foreign air transportation pursuant to Title 49 including, without limitation, applicable frequencies, exemption and certificate authorities, Fifth-Freedom Rights and behind/beyond rights, whether or not utilized by Delta or such
subsidiary.
Significant Subsidiary means, at any date of determination, any of Deltas subsidiaries that, together with
its subsidiaries, (i) for Deltas most recently completed four full fiscal quarters for which consolidated financial statements have been filed with the SEC, accounted for more than 10.0% of the consolidated revenues of Delta and its
subsidiaries or (ii) as of the end of Deltas most recent fiscal quarter for which consolidated financial statements have been filed with the SEC, was the owner of more than 10.0% of the consolidated assets of Delta and its subsidiaries.
Slot means each FAA Slot and each Foreign Slot.
Title 49 means Title 49 of the U.S. Code, which, among other things, recodified and replaced the U.S. Federal Aviation Act of
1958, and the rules and regulations promulgated pursuant thereto or any subsequent legislation that amends, supplements or supersedes such provisions.
Events of Default
In addition to the
events of default described in the accompanying prospectus, the following event will be an event of default with respect to the notes: default under any mortgage, indenture or instrument under which there may be issued or by which there
may be secured or evidenced any Indebtedness of Delta or a subsidiary (or the payment of which is guaranteed by Delta or a subsidiary), whether such Indebtedness or guarantee now exists, or is created after the issue date of the notes, if that
default:
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(a)
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is caused by a failure to pay principal of such Indebtedness at its stated final maturity (a Payment
Default); or
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(b)
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results in the acceleration of such Indebtedness prior to its express maturity,
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