NOTE PURCHASE AGREEMENT Dated as of November 24, 2009 among DELTA AIR LINES, INC., and

Exhibit 4.13
EXECUTION COPY
 
Dated as of November 24, 2009
among
DELTA AIR LINES, INC.,
U.S. BANK TRUST NATIONAL ASSOCIATION,
as Pass Through Trustee under each of the Pass Through Trust Agreements
U.S. BANK TRUST NATIONAL ASSOCIATION,
as Subordination Agent
U.S. BANK NATIONAL ASSOCIATION,
as Escrow Agent
and
U.S. BANK TRUST NATIONAL ASSOCIATION,
as Paying Agent
 

 

 

Table of Contents
             
        Page  
Section 1.
   Financing of Aircraft     3  
 
            
Section 2.
   Conditions Precedent     6  
 
            
Section 3.
   Representations and Warranties     7  
 
            
Section 4.
   Covenants     11  
 
            
Section 5.
   Depositary Downgrade and Replacement of Depositary     14  
 
            
Section 6.
   Notices     15  
 
            
Section 7.
   Expenses     16  
 
            
Section 8.
   Further Assurances     17  
 
            
Section 9.
   Miscellaneous     17  
 
            
Section 10.
   Governing Law     18  
     
Schedule I
   Aircraft
Schedule II
   Trust Supplements
Schedule III
   Required Terms
 
    
Annex A
   Definitions
 
    
Exhibit A
   Form of Funding Notice
Exhibit B
   Form of Participation Agreement
Exhibit C
   Form of Indenture and Security Agreement

 

 

          This NOTE PURCHASE AGREEMENT, dated as of November 24, 2009, is made by and among (i) DELTA AIR LINES, INC., a Delaware corporation (together with its successors and permitted assigns, the “Company”), (ii) U.S. BANK TRUST NATIONAL ASSOCIATION (“U.S. Bank”), a national banking association, not in its individual capacity except as otherwise expressly provided herein, but solely as trustee (in such capacity, together with any successor in interest and any successor or other trustee appointed as provided in the applicable Pass Through Trust Agreement (as defined below), the “Pass Through Trustee”) under each of the two separate Pass Through Trust Agreements (as defined below), (iii) U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as subordination agent and trustee (in such capacity together with its successors in such capacity, the “Subordination Agent”) under the Intercreditor Agreement (as defined below), (iv) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Escrow Agent (in such capacity together with its successors in such capacity, the “Escrow Agent”), under each of the Escrow and Paying Agent Agreements (as defined below), and (v) U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as Paying Agent (in such capacity together with its successors in such capacity, the “Paying Agent”) under each of the Escrow and Paying Agent Agreements.
W I T N E S S E T H:
          WHEREAS, capitalized terms used but not defined herein shall have the meanings ascribed to such terms in Annex A hereto;
          WHEREAS, the Company owns the 22 Boeing aircraft described in part one of Schedule I hereto (each, a “2000-1 Aircraft”, and collectively, the “2000-1 Aircraft”) and the five Boeing aircraft described in part two of Schedule I hereto (each, a “2009 Aircraft”, and collectively, the “2009 Aircraft”, and together with the 2000-1 Aircraft, each, an “Aircraft” and collectively, the “Aircraft”), which Aircraft are subject to certain financings described in Schedule I hereto (such financings, the “Existing Financings”);
          WHEREAS, pursuant to the Basic Pass Through Trust Agreement and each of the Trust Supplements set forth in Schedule II hereto, and concurrently with the execution and delivery of this Note Purchase Agreement, two separate grantor trusts (the “Class A Pass Through Trust” and the “Class B Pass Through Trust”, and collectively, the “Pass Through Trusts” and, individually, each a “Pass Through Trust”) have been created to facilitate certain of the transactions contemplated hereby, including, without limitation, the issuance and sale of pass through certificates pursuant thereto (together with any other pass through certificates for which such pass through certificates may be exchanged, collectively, the “Certificates”) to provide financing, among other things, for the purchase by such Pass Through Trusts of the Equipment Notes to be issued in respect of, and secured by a security interest in, the Aircraft;
          WHEREAS, the Company has entered into the Underwriting Agreement, dated November 18, 2009 (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Underwriting Agreement”) with the Underwriters named therein

 

 

(the “Underwriters”) which provides that the Company will cause the Pass Through Trustee under the Class A Pass Through Trust (the “Class A Pass Through Trustee”), and the Pass Through Trustee under the Class B Pass Through Trust (the “Class B Pass Through Trustee”) to issue and sell the Class A Certificates and the Class B Certificates, respectively, to the Underwriters on the Issuance Date;
          WHEREAS, concurrently with the execution and delivery of this Note Purchase Agreement, (i) the Escrow Agent and the Depositary have entered into that certain Deposit Agreement (Class A), dated as of the Issuance Date, relating to the Class A Pass Through Trust and that certain Deposit Agreement (Class B), dated as of the Issuance Date, relating to the Class B Pass Through Trust (each such agreement, as amended, supplemented or otherwise modified from time to time in accordance with its terms, a “Deposit Agreement” and collectively, the “Deposit Agreements”) whereby the Escrow Agent agreed to direct the Underwriters to make certain deposits referred to therein on the Issuance Date (the “Initial Deposits”) and to permit the applicable Pass Through Trustees to make additional deposits from time to time thereafter (the Initial Deposits together with such additional deposits are collectively referred to as the “Deposits”), and (ii) the Underwriters, the applicable Pass Through Trustees, the Paying Agent and the Escrow Agent have entered into that certain Escrow and Paying Agent Agreement (Class A), dated as of the Issuance Date, relating to the Class A Pass Through Trust and that certain Escrow and Paying Agent Agreement (Class B), dated as of the Issuance Date, relating to the Class B Pass Through Trust (each such agreement, as amended, supplemented or otherwise modified from time to time in accordance with its terms, an “Escrow and Paying Agent Agreement”, and collectively, the “Escrow and Paying Agent Agreements”), whereby, among other things, (a) the Underwriters agreed to deliver an amount equal to the amount of the Initial Deposits to the Depositary on behalf of the applicable Escrow Agent and (b) the applicable Escrow Agent, upon the Depositary receiving such Initial Deposits, agreed to deliver escrow receipts to be affixed to each Certificate;
          WHEREAS, subject to the terms and conditions of this Note Purchase Agreement, each Pass Through Trustee and each of the Subordination Agent, U.S. Bank and the Company will enter into the applicable Financing Agreements to which it is intended to be a party relating to each Aircraft;
          WHEREAS, upon the financing of each Aircraft, each Pass Through Trustee will fund its purchase of the related series of Equipment Notes in respect of such Aircraft with the proceeds of one or more Deposits withdrawn by the applicable Escrow Agent under the related Deposit Agreement bearing the same interest rate as the Certificates issued by the applicable Pass Through Trust; and
          WHEREAS, concurrently with the execution and delivery of this Note Purchase Agreement, (i) the Class A Liquidity Provider has entered into the Class A Liquidity Facility for the benefit of the holders of the Certificates issued by the Class A Pass Through Trust and the Class B Liquidity Provider has entered into the Class B Liquidity Facility for the benefit of the holders of the Certificates issued by the Class B Pass Through Trust, in each case with the Subordination Agent, as agent for the Pass Through Trustee on behalf of each such Pass
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Through Trust and (ii) the Pass Through Trustees, the Liquidity Providers and the Subordination Agent have entered into the Intercreditor Agreement.
          NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
          SECTION 1. Financing of Aircraft.
          (a) Agreement to Finance. The Company agrees:
     (i) to finance the 2000-1 Aircraft in the manner provided herein, all on and subject to the terms and conditions hereof and of the applicable Financing Agreements, by the date referred to in clause (a) of the definition of Delivery Period Termination Date; and
     (ii) to finance the 2009 Aircraft in the manner provided herein, all on and subject to the terms and conditions hereof and of the applicable Financing Agreements, within 90 days after the date hereof.
     (b) Funding Notice. In furtherance of the foregoing, and in respect of each Aircraft, the Company agrees to give the parties hereto, the Depositary and each of the Rating Agencies not less than two Business Days’ prior notice (or, in the case of a substitute Funding Notice under Section 1(f), one Business Day’s prior notice), substantially in the form of Exhibit A hereto (each, a “Funding Notice”), of the date (which date shall not be earlier than the eighth day after the date of establishment of the relevant Deposit unless the seven-day requirement set forth in the first sentence of Section 2.3(a) of each Deposit Agreement has been waived by the applicable Depositary pursuant to the last sentence of Section 2.3(a) of such Deposit Agreement and not reinstated pursuant to the last sentence of Section 2.3(a) of such Deposit Agreement) scheduled for the financing as contemplated hereby in respect of such Aircraft (the “Funding Date”), which notice shall:
     (i) specify the Funding Date of such Aircraft (which shall be a Business Day on or prior to the Cut-Off Date);
     (ii) instruct each Pass Through Trustee to enter into the Participation Agreement included in the Financing Agreements with respect to such Aircraft in such form and at such a time on or before the Funding Date as specified in such Funding Notice and to perform its obligations thereunder;
     (iii) instruct each Pass Through Trustee to deliver to the applicable Escrow Agent the “Withdrawal Certificate” and the related “Applicable Notice of Purchase Withdrawal” contemplated by Section 1.02(c) of the applicable Escrow and Paying
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Agent Agreement with respect to the Equipment Notes to be issued to such Pass Through Trustee in connection with the financing of such Aircraft; and
     (iv) specify the aggregate principal amount of each series of Equipment Notes to be issued, and purchased by each Pass Through Trustee, in connection with the financing of such Aircraft scheduled to be consummated on such Funding Date (which aggregate principal amount shall be as specified in, or as adjusted in accordance with, as the case may be, the Required Terms).
     (c) [Intentionally Omitted.]
     (d) Entering into Financing Agreements. Upon receipt of a Funding Notice, each Pass Through Trustee shall, and shall cause the Subordination Agent to, enter into and perform their obligations under each applicable Participation Agreement and follow the other instructions specified in such Funding Notice; provided that, with respect to each Aircraft to be financed:
     (i) subject to clauses (ii)-(iv) immediately below, the applicable Participation Agreement and the applicable Indenture, as executed and delivered, shall be substantially in the respective forms thereof annexed hereto and (x) the amortization schedule for each Equipment Note shall be as set forth in the relevant table attached as part of Schedule III hereto and (y) the relevant Financing Agreements shall provide for the purchase by the applicable Pass Through Trustee of Equipment Notes of the related series in the principal amounts specified in Schedule III hereto;
     (ii) subject to clauses (iii) and (iv) immediately below, if (x) the Company shall have obtained from each Rating Agency a Rating Agency Confirmation with respect to each Class of Certificates then rated by such Rating Agency in connection with any material modifications of the applicable Financing Agreements from the forms of Financing Agreements annexed hereto (including the form of Equipment Note included in the form Indenture annexed hereto) and delivered such Rating Agency Confirmation to each Pass Through Trustee on or before the applicable Funding Date or (y) such Rating Agency Confirmation shall have been obtained with respect to material modifications of the Financing Agreements relating to another or any Aircraft or with respect to material modifications of the forms of Financing Agreements annexed hereto and the applicable Financing Agreements incorporate such material modifications without additional material modifications, the applicable Financing Agreements, as executed and delivered, may incorporate such material modifications, if any;
     (iii) the applicable Financing Agreements, as executed and delivered, shall comply with the Required Terms; and
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     (iv) the Company is not required to obtain or deliver a Rating Agency Confirmation or a certification pursuant to Section 2(b)(ii) of this Note Purchase Agreement in connection with any modifications to the applicable Financing Agreements that are expressly permitted by the Required Terms or by Section 5(e) of this Note Purchase Agreement.
          Notwithstanding the foregoing, (x) the Financing Agreements with respect to any Aircraft and the forms of Financing Agreements annexed hereto may be modified to the extent required for the issuance of Equipment Notes pursuant to Section 4(a)(v) of this Note Purchase Agreement, subject to the terms of such Section and of Section 8.01(c) or 8.01(d) of the Intercreditor Agreement, whichever may be applicable, and the Company shall pay the reasonable costs and expenses of the Rating Agencies in connection with obtaining any Rating Agency Confirmation in connection therewith, and (y) the Company is not required to deliver a certification pursuant to Section 2(b)(ii) of this Note Purchase Agreement in connection with any modifications of the Financing Agreements contemplated by this sentence. With respect to each Aircraft, the Company shall cause U.S. Bank (or such other Person that meets the eligibility requirements to act as loan trustee under the applicable Indenture) to execute as the applicable Loan Trustee the Financing Agreements relating to such Aircraft to which such Loan Trustee is intended to be a party, and shall concurrently therewith execute such Financing Agreements to which the Company is intended to be a party and perform its respective obligations thereunder. Upon the request of one or more Rating Agencies, the Company shall deliver or cause to be delivered to such Rating Agency or Rating Agencies a true and complete copy of each Financing Agreement relating to the financing of each Aircraft, together with a true and complete set of the closing documentation (including legal opinions) delivered to the applicable Loan Trustee, the Subordination Agent and each Pass Through Trustee under the applicable Participation Agreement.
     (e) Registration of Equipment Notes. The Company agrees that all Equipment Notes issued pursuant to any Indenture to which an Aircraft shall have been subjected shall initially be registered in the name of the Subordination Agent on behalf of the applicable Pass Through Trustee (or, in the case of any Additional Series Equipment Notes, on behalf of the Additional Series Pass Through Trustee with respect to the corresponding Additional Series Pass Through Certificates).
     (f) Postponement of Delivery and Funding. If, on the Funding Date for any Aircraft, the financing of such Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such Aircraft, as specified in such substitute Funding Notice, shall take
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place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.
     (g) [Intentionally Omitted.]
     (h) [Intentionally Omitted.]
     (i) No Liability for Failure to Purchase Equipment Notes. The Company shall have no liability for the failure of any Pass Through Trustee to purchase Equipment Notes with respect to any Aircraft.
     (j) Withdrawals Limited to Available Deposits. Anything herein to the contrary notwithstanding, the Company shall not have the right, and shall not be entitled, at any time to request the issuance of Series A Equipment Notes or Series B Equipment Notes in respect of the Aircraft to the Class A Pass Through Trustee or the Class B Pass Through Trustee, respectively, in an aggregate principal amount in excess of the amount of the Deposits then available for withdrawal by the Escrow Agent under and in accordance with the provisions of the applicable Deposit Agreement.
     (k) Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) if at the time of the occurrence of such event such Aircraft was subject to an Existing Financing, the indenture and security agreement to which such Aircraft was then subject in connection with such Existing Financing or (ii) if at the time of the occurrence of such event such Aircraft was not subject to an Existing Financing, the form of the Indenture annexed hereto, as such form is modified from time to time in accordance with the terms hereof) with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).
          SECTION 2. Conditions Precedent. The obligation of each of the Pass Through Trustees to enter into, and to cause the Subordination Agent to enter into, a Participation Agreement relating to any Aircraft as directed pursuant to a Funding Notice and to perform its obligations thereunder is subject to satisfaction of the following conditions:
     (a) no Triggering Event shall have occurred;
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     (b) subject to Section 1(d)(iv) and the last paragraph of Section 1(d), the Company shall have delivered a certificate to each Pass Through Trustee and each Liquidity Provider stating that (i) such Participation Agreement and the other Financing Agreements to be entered into pursuant to such Participation Agreement comply with the Required Terms and (ii) if any substantive modifications of such Financing Agreements from the forms of Financing Agreements attached to this Note Purchase Agreement have been made, (x) such substantive modifications do not materially and adversely affect the holders of the Class A Certificates, the holders of the Class B Certificates, or any Liquidity Provider and (y) if required pursuant to Section 1(d)(ii), the Company has obtained from each Rating Agency a Rating Agency Confirmation with respect to each Class of Certificates then rated by such Rating Agency with respect to such modifications, and such certification shall be true and correct;
     (c) such Pass Through Trustee shall not have received any notice pursuant to Section 1(k) of a relevant event with respect to such Aircraft; and
     (d) such Pass Through Trustee shall have received evidence that the lien of the applicable Existing Financing has been terminated with respect to such Aircraft and the filing of a release with the FAA and the filing of Uniform Commercial Code termination statements, and, if applicable, the registration of a discharge of any International Interest (as defined in the Indenture Form) registered on the International Registry (as defined in the Indenture Form), in each case with respect to such lien.
Anything herein to the contrary notwithstanding, the obligation of each Pass Through Trustee to purchase Equipment Notes hereunder shall terminate on the Cut-Off Date.
          SECTION 3. Representations and Warranties.
     (a) Representations and Warranties of the Company. The Company represents and warrants that:
     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The Company is duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is a Citizen of the United States and has the full corporate power, authority and legal right under the laws of the State of Delaware to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it will be a party and to carry out the obligations of the Company under this Note Purchase Agreement and each Financing Agreement to which it will be a party;
     (ii) Authorization; No Conflicts. The execution and delivery by the Company of this Note Purchase Agreement and the performance by the Company of its obligations under this Note Purchase Agreement have been duly authorized by the Company and will not violate its Certificate of Incorporation or by-laws or
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the provisions of any indenture, mortgage, contract or other agreement to which it is a party or by which it is bound; and
     (iii) Enforceability. This Note Purchase Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity.
     (b) Representations and Warranties of U.S. Bank. U.S. Bank represents and warrants that:
     (i) Due Incorporation; Good Standing; Corporate Power; Etc. U.S. Bank is a national banking association duly organized and validly existing in good standing under the laws of the United States and is a Citizen of the United States and has the full corporate power, authority and legal right under the laws of the United States and of the state of the United States in which it is located and pertaining to its banking, trust and fiduciary powers to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it will be a party and to carry out the obligations of U.S. Bank, in its capacity as Subordination Agent, Pass Through Trustee or Paying Agent, as the case may be, under this Note Purchase Agreement and each Financing Agreement to which it will be a party;
     (ii) Due Authorization; No Conflicts. The execution and delivery by U.S. Bank, in its capacity as Subordination Agent, Pass Through Trustee or Paying Agent, as the case may be, of this Note Purchase Agreement and the performance by U.S. Bank, in its capacity as Subordination Agent, Pass Through Trustee or Paying Agent, as the case may be, of its obligations under this Note Purchase Agreement have been duly authorized by U.S. Bank, in its capacity as Subordination Agent, Pass Through Trustee or Paying Agent, as the case may be, and will not violate its articles of association or by-laws or the provisions of any indenture, mortgage, contract or other agreement to which it is a party or by which it is bound; and
     (iii) Enforceability. This Note Purchase Agreement constitutes the legal, valid and binding obligations of U.S. Bank, in its capacity as Subordination Agent, Pass Through Trustee or Paying Agent, as the case may be, enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity.
     (c) Representations and Warranties of the Pass Through Trustee. Each Pass Through Trustee hereby confirms to each of the other parties hereto that its
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representations and warranties set forth in Section 7.15 of the Basic Pass Through Trust Agreement and Section 7.04 of the applicable Trust Supplement are true and correct as of the date hereof.
     (d) Representations and Warranties of the Subordination Agent. The Subordination Agent represents and warrants that:
     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The Subordination Agent is a national banking association duly organized and validly existing in good standing under the laws of the United States, and has the full corporate power, authority and legal right under the laws of the United States and of the state of the United States in which it is located and pertaining to its banking, trust and fiduciary powers to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it is or will be a party and to perform its obligations under this Note Purchase Agreement and each Financing Agreement to which it is or will be a party;
     (ii) Due Authorization; Enforceability. This Note Purchase Agreement has been duly authorized, executed and delivered by the Subordination Agent; this Note Purchase Agreement constitutes the legal, valid and binding obligations of the Subordination Agent enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity;
     (iii) Compliance with Laws; No Conflicts. None of the execution, delivery and performance by the Subordination Agent of this Note Purchase Agreement contravenes any law, rule or regulation of the state of the United States in which it is located or any United States governmental authority or agency regulating the Subordination Agent’s banking, trust or fiduciary powers or any judgment or order applicable to or binding on the Subordination Agent or contravenes the Subordination Agent’s articles of association or by-laws or results in any breach of, or constitute a default under, any agreement or instrument to which the Subordination Agent is a party or by which it or any of its properties may be bound;
     (iv) No Governmental Consents. Neither the execution and delivery by the Subordination Agent of this Note Purchase Agreement nor the consummation by the Subordination Agent of any of the transactions contemplated hereby requires the consent or approval of, the giving of notice to, the registration with, or the taking of any other action with respect to, any governmental authority or agency of the state of the United States in which it is located or any federal governmental authority or agency regulating the Subordination Agent’s banking, trust or fiduciary powers;
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     (v) Certain Tax Matters. There are no Taxes payable by the Subordination Agent imposed by any state of the United States in which it is located or any political subdivision or taxing authority thereof in connection with the execution, delivery and performance by the Subordination Agent of this Note Purchase Agreement or the Intercreditor Agreement (other than franchise or other taxes based on or measured by any fees or compensation received by the Subordination Agent for services rendered in connection with the transactions contemplated by the Intercreditor Agreement or any of the Liquidity Facilities), and there are no Taxes payable by the Subordination Agent imposed by any state of the United States in which it is located or any political subdivision thereof in connection with the acquisition, possession or ownership by the Subordination Agent of any of the Equipment Notes (other than franchise or other taxes based on or measured by any fees or compensation received by the Subordination Agent for services rendered in connection with the transactions contemplated by the Intercreditor Agreement or any of the Liquidity Facilities); and
     (vi) No Proceedings. There are no pending or threatened actions or proceedings against the Subordination Agent before any court or administrative agency which individually or in the aggregate, if determined adversely to it, would materially adversely affect the ability of the Subordination Agent to perform its obligations under this Note Purchase Agreement.
     (e) Representations and Warranties of the Escrow Agent. The Escrow Agent represents and warrants that:
     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The Escrow Agent is a national banking association duly incorporated, validly existing and in good standing under the laws of the United States and has the full corporate power, authority and legal right under the laws of the United States and of the state of the United States in which it is located and pertaining to its banking, trust and fiduciary powers to execute and deliver this Note Purchase Agreement, each Deposit Agreement and each Escrow and Paying Agent Agreement (collectively, the “Escrow Agent Agreements”) and to carry out the obligations of the Escrow Agent under each of the Escrow Agent Agreements;
     (ii) Due Authorization; No Conflicts. The execution and delivery by the Escrow Agent of each of the Escrow Agent Agreements and the performance by the Escrow Agent of its obligations hereunder and thereunder have been duly authorized by the Escrow Agent and will not violate its articles of association or by-laws or the provisions of any indenture, mortgage, contract or other agreement to which it is a party or by which it is bound; and
     (iii) Enforceability. Each of the Escrow Agent Agreements constitutes the legal, valid and binding obligations of the Escrow Agent enforceable against it in accordance with its terms, except as the same may be limited by applicable
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bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity.
     (f) Representations and Warranties of the Paying Agent. The Paying Agent represents and warrants that:
     (i) Due Incorporation; Good Standing; Corporate Power; Etc. The Paying Agent is a national banking association duly organized and validly existing in good standing under the laws of the United States, and has the full corporate power, authority and legal right under the laws of the United States and of the state in which it is located and pertaining to its banking, trust and fiduciary powers to execute and deliver this Note Purchase Agreement and each Escrow and Paying Agent Agreement (collectively, the “Paying Agent Agreements”) and to carry out the obligations of the Paying Agent under each of the Paying Agent Agreements;
     (ii) Due Authorization; No Conflicts. The execution and delivery by the Paying Agent of each of the Paying Agent Agreements and the performance by the Paying Agent of its obligations hereunder and thereunder have been duly authorized by the Paying Agent and will not violate its articles of association or by-laws or the provisions of any indenture, mortgage, contract or other agreement to which it is a party or by which it is bound; and
     (iii) Enforceability. Each of the Paying Agent Agreements constitutes the legal, valid and binding obligations of the Paying Agent enforceable against it in accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity, whether considered in a proceeding at law or in equity.
          SECTION 4. Covenants.
     (a) Covenants of the Company.
     (i) Maintenance of Corporate Existence. Subject to, and except as contemplated by, Section 4(a)(iii) of this Note Purchase Agreement, the Company shall at all times maintain its corporate existence.
     (ii) Maintenance of Status as Certificated Air Carrier; Section 1110. The Company shall, for as long as and to the extent required under Section 1110 in order that the Loan Trustee shall be entitled to any of the benefits of Section 1110 with respect to the Aircraft, remain a Certificated Air Carrier.
     (iii) Merger, Consolidation, Acquisition of the Company. The Company shall not consolidate with or merge into any other Person or convey, transfer or
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lease substantially all of its assets as an entirety to any Person, unless the Person formed by such consolidation or into which the Company is merged or the Person that acquires by conveyance, transfer or lease substantially all of the assets of the Company as an entirety shall execute and deliver to the Pass Through Trustees, the Subordination Agent, the Escrow Agent and the Paying Agent an agreement containing the express assumption by such successor Person of the due and punctual performance and observance of each covenant and condition of this Note Purchase Agreement to be performed or observed by the Company. Upon any such consolidation or merger, or any conveyance, transfer or lease of substantially all of the assets of the Company as an entirety, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Note Purchase Agreement with the same effect as if such successor Person had been named as the Company herein.
     (iv) Notice of Occurrence of Cut-Off Date. The Company agrees to provide written notice to each of the parties hereto of the occurrence of the Cut-Off Date no later than one Business Day after the date thereof.
     (v) Refinancing of Equipment Notes; Additional Series Equipment Notes. The Company shall not (A) redeem any Series B Equipment Notes (or any Additional Series Equipment Notes) and issue new Equipment Notes with the same Series designation as that of the redeemed Equipment Notes, or (B) issue any Additional Series Equipment Notes, in each case, under any Indenture, unless the Company shall have obtained a Rating Agency Confirmation with respect to any Class of Certificates then rated by such Rating Agency that will remain outstanding in connection with such issuance or such redemption and issuance, as applicable; and any such issuance or redemption and issuance, as applicable, shall be subject to the terms of Section 8.01(c) or 8.01(d), as applicable, of the Intercreditor Agreement. If any such new Equipment Notes or Additional Series Equipment Notes are to be so issued, the pass through trustee of the pass through trust that acquires such new Equipment Notes or the Additional Series Pass Through Trustee, as applicable, shall execute and deliver an instrument by which such pass through trustee or Additional Series Pass Through Trustee, as applicable, becomes a party hereto, and each of the parties hereto agrees, at the Company’s request, to enter into any amendments to this Note Purchase Agreement (including, without limitation, any modifications of the Indenture Form and the Participation Agreement Form) and any other Operative Agreements as may be necessary or desirable to give effect to such issuance or redemption and issuance of any such new Equipment Notes or Additional Series Equipment Notes, as applicable, and the issuance of pass through certificates by any pass through trust that acquires any such new Equipment Notes or Additional Series Equipment Notes, as applicable, and to make changes relating to any of the foregoing (including, without limitation, to provide for any prefunding mechanism in connection therewith) and to provide
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for any credit support for any pass through certificates relating to any such new Equipment Notes or Additional Series Equipment Notes (including, without limitation, to provide for payment of fees, interest, expenses, reimbursement of advances and other obligations arising from such credit support).
     (vi) Certain Reports to Subordination Agent. Promptly after the occurrence of a Triggering Event or an Indenture Event of Default resulting from the failure of the Company to make payments on any Equipment Note and on every Regular Distribution Date while the Triggering Event or such Indenture Event of Default shall be continuing, the Company shall, at the Subordination Agent’s request from time to time but in any event no more frequently than once every three months, provide to the Subordination Agent a statement setting forth the following information with respect to each Aircraft then subject to the lien of an Indenture: (A) whether the Aircraft are currently in service or parked in storage, (B) the maintenance status of the Aircraft, and (C) the location of the Engines (as defined in the respective Indentures to which such Aircraft are subject). As used in this Section 4(a)(vi), the terms “Triggering Event”, “Indenture Event of Default” and “Regular Distribution Date” have the respective meanings set forth in the Intercreditor Agreement.
     (b) Covenants by U.S. Bank.
     (i) Status as Citizen of the United States. U.S. Bank, in its individual capacity, covenants with each of the other parties to this Note Purchase Agreement that it will, immediately upon obtaining knowledge of any facts that would cast doubt upon its continuing status as a Citizen of the United States and promptly upon public disclosure of negotiations in respect of any transaction which would or might adversely affect such status, notify in writing all parties hereto of all relevant matters in connection therewith. Upon U.S. Bank giving any such notice, U.S. Bank shall, subject to Section 8.01 of any Indenture then entered into, resign as Loan Trustee in respect of such Indenture.
     (ii) Situs of Activity. Except with the consent of the Company, which shall not be unreasonably withheld: (A) U.S. Bank will act as Pass Through Trustee solely through its offices within the State of Delaware, except for such services as may be performed for it by independent agents in the ordinary course of business, but not directly by it, in other states; and (B) U.S. Bank will act as Subordination Agent solely through its offices within the Commonwealth of Massachusetts, except for such services as may be performed by it by independent agents acting in the ordinary course of business, but not directly by it, in other states.
     (c) [Intentionally Omitted].
     (d) Covenants by the Pass Through Trustees.
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     (i) Tax Forms of the Pass Through Trustees. On or prior to the date this Note Purchase Agreement is executed, each Pass Through Trustee shall have provided a completed and executed copy of IRS Form W-9 to each of the Company, the Subordination Agent, the Liquidity Providers, the Escrow Agent, the Paying Agent and the Depositary.
     (ii) Tax Forms of Additional Series Pass Through Trustee. If any new Equipment Notes or Additional Series Equipment Notes shall be issued under any Indenture as provided in Section 4(a)(v), on or prior to the date such new Equipment Notes or Additional Series Equipment Notes, as applicable, shall have been so issued, the pass through trustee of the pass through trust that acquires such new Equipment Notes or the Additional Series Pass Through Trustee, as applicable, shall have provided a completed and executed copy of IRS Form W-9 to each of the Company and the Subordination Agent and, if a liquidity facility shall have been provided with respect to the Additional Series Pass Through Trust, to the provider of such liquidity facility and, if such Additional Series Equipment Notes or such New Equipment Notes shall be issued on or prior to the Delivery Period Termination Date, to the Escrow Agent, the Paying Agent and the Depositary.
          SECTION 5. Depositary Downgrade and Replacement of Depositary.
     (a) Depositary Downgrade and Option to Replace. If (1) the Depositary’s Short-Term Rating issued by a Rating Agency is downgraded below P-1 by Moody’s or A-1+ by Standard & Poor’s, as applicable (each such minimum rating, a “Depositary Threshold Rating”), or (2) the Company, in its sole discretion, gives written notice to the Depositary of the Company’s election that the Depositary be replaced, the Company shall, within 30 days after such event occurring, cause the Depositary to be replaced with a depositary bank meeting the terms and on the conditions set forth in Section 5(c) (a “Replacement Depositary”).
     (b) [Intentionally Omitted.]
     (c) Terms and Preconditions for Replacement of Depositary.
     (i) Minimum Credit Ratings; Confirmation from Ratings Agency. Any Replacement Depositary may either be (x) one that meets the Depositary Threshold Ratings or (y) one that does not meet the Depositary Threshold Ratings, so long as, in the case of either of the immediately preceding clauses (x) and (y), the Company shall have obtained a Rating Agency Confirmation with respect to each Class of Certificates then rated by such Rating Agency in connection with the replacement of the Depositary with such Replacement Depositary.
     (ii) Certain Fees and Expenses. The Company shall pay all fees, expenses and other amounts then owing to the replaced Depositary. The Company shall also
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pay (x) any up-front fee of the Replacement Depositary and (y) all out-of-pocket expenses (including reasonable fees and expenses of legal counsel) of the parties hereto (including, without limitation, all amounts payable to the Rating Agencies) incurred in connection with such replacement.
     (iii) Replacement Deposit Agreements; Opinions and Other Closing Requirements. The Company shall cause the Replacement Depositary to enter into a Replacement Deposit Agreement for each of the Class A Certificates and the Class B Certificates with the Escrow Agent (and the Escrow Agent agrees to enter into any such Replacement Deposit Agreement upon request of the Company) and shall cause the Replacement Depositary to deliver to the Company and each Rating Agency legal opinions and other closing documentation substantially similar in scope and substance as those that were delivered by the Depositary being replaced in connection with the execution and delivery of the Deposit Agreement being replaced.
     (d) Withdrawal Certificate and Notice of Replacement Withdrawal. Upon satisfaction of the conditions set forth in Section 5(c), the Company shall instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the Escrow Agent a duly completed Withdrawal Certificate (as defined in the Escrow and Paying Agent Agreements) together with a Notice of Replacement Withdrawal (as defined in the Escrow and Paying Agent Agreements).
     (e) Amendments to Documents. Each of the parties hereto agrees, at the Company’s request, to enter into any amendments to this Note Purchase Agreement, the Escrow and Paying Agent Agreements and any other Operative Agreements as may be necessary or desirable to give effect to the replacement of the Depositary with the Replacement Depositary and the replacement of the Deposit Agreements with the Replacement Deposit Agreements.
     (f) Effect of Replacement. Until the execution and delivery of the Replacement Deposit Agreements, the Deposit Agreements with the Depositary being replaced shall remain in full force and effect. Upon the execution and delivery of the Replacement Deposit Agreements, the Replacement Depositary shall be deemed to be the Depositary under the Deposit Agreements with all of the rights and obligations of the Depositary hereunder and under the other Operative Agreements and the Replacement Deposit Agreements shall be deemed to be the Deposit Agreements hereunder and under the other Operative Agreements.
          SECTION 6. Notices. Unless otherwise expressly specified or permitted by the terms hereof, all notices, requests, demands, authorizations, directions, consents or waivers required or permitted by the terms and provisions of this Note Purchase Agreement shall be in English and in writing, and given by United States registered or certified mail, return receipt requested, overnight courier service or facsimile, and any such notice shall be effective when received (or, if delivered by facsimile, upon completion of transmission and confirmation by the
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15

 

sender (by a telephone call to a representative of the recipient or by machine confirmation) that such transmission was received) to the relevant party hereto at the address or facsimile number set forth below the signature of such party at the foot of this Note Purchase Agreement or to such other address or facsimile number as such party may hereafter specify by notice to the other parties.
          SECTION 7. Expenses. (a) Payments in Respect of Certain Liquidity Provider Fees. The Company agrees to pay to the Subordination Agent when due an amount or amounts equal to the fees payable to the applicable Liquidity Provider under Section 2.03 of each Liquidity Facility and under the related Fee Letter (as defined in the Intercreditor Agreement) multiplied by a fraction the numerator of which shall be the then outstanding aggregate amount of the Deposits under the Deposit Agreements pertaining to the Class A Pass Through Trust and the Class B Pass Through Trust and the denominator of which shall be the sum of (i) the then outstanding aggregate principal amount of the Series A Equipment Notes and Series B Equipment Notes issued under all of the Indentures and (ii) the then outstanding aggregate amount of the Deposits under the Deposit Agreements pertaining to the Class A Pass Through Trust and Class B Pass Through Trust.
     (b) Certain Other Expenses. So long as no Equipment Notes have been issued in respect of any Aircraft, the Company agrees to pay:
     (i) Under the Liquidity Facilities. To the Subordination Agent when due (A) the amount equal to interest on any Downgrade Advance (other than any Applied Downgrade Advance) payable under Section 3.07 of each Liquidity Facility minus Investment Earnings while such Downgrade Advance shall be outstanding and (B) any other amounts owed to the applicable Liquidity Provider by the Subordination Agent as borrower under each Liquidity Facility (other than amounts due as repayment of advances thereunder or as interest on such advances, except to the extent payable pursuant to clause (A) of this sentence);
     (ii) Under the Pass Through Trust Agreements. All compensation and reimbursement of expenses, disbursements and advances payable by the Company under the Pass Through Trust Agreements;
     (iii) Under the Intercreditor Agreement. All compensation and reimbursement of expenses and disbursements payable to the Subordination Agent under the Intercreditor Agreement except with respect to any income or franchise taxes incurred by the Subordination Agent in connection with the transactions contemplated by the Intercreditor Agreement; and
     (iv) Escrow Agent and Paying Agent. In the event the Company requests any amendment to any Operative Agreement, all reasonable fees and expenses (including, without limitation, fees and disbursements of counsel) of the Escrow Agent and/or the Paying Agent in connection therewith.
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For purposes of this Section 7(b), the terms “Applied Downgrade Advance”, “Downgrade Advance” and “Investment Earnings” shall have the meanings specified in each Liquidity Facility.
          SECTION 8. Further Assurances. Each party hereto shall duly execute, acknowledge and deliver, or shall cause to be executed, acknowledged and delivered, all such further agreements, instruments, certificates or documents, and shall do and cause to be done such further acts and things, in any case, as any other party hereto shall reasonably request in connection with its administration of, or to carry out more effectually the purposes of, or to better assure and confirm unto it the rights and benefits to be provided under, this Note Purchase Agreement.
          SECTION 9. Miscellaneous.
     (a) Survival of Representations and Covenants. Provided that the transactions contemplated hereby have been consummated, and except as otherwise provided for herein, the representations, warranties and agreements herein of the Company, the Subordination Agent, the Escrow Agent, the Paying Agent and each Pass Through Trustee, and the Company’s, the Subordination Agent’s, the Escrow Agent’s, the Paying Agent’s and each Pass Through Trustee’s obligations under any and all thereof, shall survive the expiration or other termination of this Note Purchase Agreement and the other agreements referred to herein.
     (b) Counterparts; Amendments; Effect of Headings; Successors and Assigns. This Note Purchase Agreement may be executed in any number of counterparts (and each of the parties hereto shall not be required to execute the same counterpart). Each counterpart of this Note Purchase Agreement, including a signature page executed by each of the parties hereto, shall be an original counterpart of this Note Purchase Agreement, but all of such counterparts together shall constitute one instrument. Neither this Note Purchase Agreement nor any of the terms hereof may be terminated, amended, supplemented, waived or modified orally, but only by an instrument in writing signed by the party against which the enforcement of the termination, amendment, supplement, waiver or modification is sought. The Table of Contents to this Note Purchase Agreement and the headings of the various Sections and Subsections of this Note Purchase Agreement are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof. The terms of this Note Purchase Agreement shall be binding upon, and shall inure to the benefit of, the Company and its successors and permitted assigns, the Pass Through Trustee and its successors as Pass Through Trustee (and any additional trustee appointed) under any of the Pass Through Trust Agreements, the Escrow Agent and its successors as Escrow Agent under the Escrow and Paying Agent Agreements, the Paying Agent and its successors as Paying Agent under the Escrow and Paying Agent Agreements and the Subordination Agent and its successors as Subordination Agent under the Intercreditor Agreement.
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     (c) Benefits of Agreement. This Note Purchase Agreement is not intended to, and shall not, provide any Person not a party hereto (other than the Underwriters, each of the beneficiaries of Section 7 hereof, and the Depositary as a beneficiary of Section 5(c)(ii) hereof) with any rights of any nature whatsoever against any of the parties hereto, and no Person not a party hereto (other than the Underwriters, each of the beneficiaries of Section 7 hereof, and the Depositary as a beneficiary of Section 5(c)(ii) hereof) shall have any right, power or privilege in respect of, or have any benefit or interest arising out of, this Note Purchase Agreement. To the extent that this Note Purchase Agreement expressly confers upon, gives or grants any right, power, privilege, benefit, interest, remedy or claim to any of the beneficiaries of Section 7 hereof (including, but not limited to, rights, powers, privileges, benefits, interests, remedies and claims under Section 7) or to the Depositary with respect to Section 5(c)(ii) hereof, each such party is hereby recognized as a third party beneficiary hereunder and may enforce any such right, power, privilege, benefit, interest, remedy or claim.
          SECTION 10. Governing Law. THIS NOTE PURCHASE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. THIS NOTE PURCHASE AGREEMENT IS BEING DELIVERED IN THE STATE OF NEW YORK.
[Signature Pages Follow.]
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          IN WITNESS WHEREOF, the parties hereto have caused this Note Purchase Agreement to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.
                 
    DELTA AIR LINES, INC.
 
                
    By:   /s/ Xxxx X. Xxxxxxxx
         
        Name: Xxxx X. Xxxxxxxx
        Title: Senior Vice President and Treasurer
 
      Address:       0000 Xxxxx Xxxxxxxxx
 
              Xxxxxxx, Xxxxxxx 00000
 
              Ref.: Delta Air Lines 2009-1 EETC
 
              Attention: Treasurer
 
              Telephone: (000) 000-0000
 
              Facsimile: (000) 000-0000
Signature Page
Note Purchase Agreement
2009-1 EETC

 

 

                 
    U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity, except as otherwise
provided herein, but solely as Pass Through Trustee
 
                
    By:   /s/ Alison X.X. Xxxxxx
         
 
      Name: Alison X.X. Xxxxxx
 
      Title: Vice President
 
      Address:       000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Mail Code EX-DE-WDAW
Xxxxxxxxxx, Xxxxxxxx 00000
Attention: Corporate Trust Services
Ref.: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
                 
    U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity, except as otherwise
provided herein, but solely as Subordination Agent
 
                
    By:   /s/ Alison X.X. Xxxxxx
         
        Name: Alison X.X. Xxxxxx
        Title: Vice President
 
      Address:       Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx
Mail Code EX-MA-FED
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Corporate Trust Services
Ref.: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Signature Page
Note Purchase Agreement
2009-1 EETC

 

 

                 
 
  U.S. BANK NATIONAL ASSOCIATION, not in
its individual capacity, except as otherwise provided
herein, but solely as Escrow Agent
 
                
    By:   /s/ Alison X.X. Xxxxxx
         
 
      Name: Alison X.X. Xxxxxx
        Title: Vice President
 
      Address:       Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Corporate Trust Services
Ref.: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
                 
    U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity, except as otherwise
provided herein, but solely as Paying Agent
 
                
    By:   /s/ Alison X.X. Xxxxxx
         
 
      Name: Alison X.X. Xxxxxx
 
      Title: Vice President
 
      Address:       Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx
Mail Code EX-MA-FED
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Corporate Trust Services
Ref.: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Signature Page
Note Purchase Agreement
2009-1 EETC

 

 

SCHEDULE I to
NOTE PURCHASE AGREEMENT
AIRCRAFT
Part One — 2000-1 Aircraft and Existing Financings
                                 
    U.S.       Airframe Model (including               Engine Model    
    Registration   Airframe   generic manufacturer and   Airframe       (including generic    
No.   No.   Manufacturer   model)   MSN   Engine Manufacturer   manufacturer and model)   Existing Financing
1.
  N376DA   Boeing   737-832
(BOEING 737-800) 		    29624     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
2.
  N378DA   Boeing   737-832
(BOEING 737-800) 		    30265     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
3.
  N380DA   Boeing   737-832
(BOEING 737-800) 		    30266     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
4.
  N382DA   Boeing   737-832
(BOEING 737-800) 		    30345     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
5.
  N384DA   Boeing   737-832
(BOEING 737-800) 		    30347     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
6.
  N386DA   Boeing   737-832
(BOEING 737-800) 		    30373     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
7.
  N388DA   Boeing   737-832
(BOEING 737-800) 		    30375     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
8.
  N390DA   Boeing   737-832
(BOEING 737-800) 		    30536     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
9.
  N392DA   Boeing   737-832
(BOEING 737-800) 		    30561     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
10.
  N394DA   Boeing   737-832
(BOEING 737-800) 		    30562     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2000-1 EETC
11.
  N696DL   Boeing   757-232
(BOEING 757-200) 		    29728     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX
PW2037) 		  2000-1 EETC
12.
  N698DL   Boeing   757-232
(BOEING 757-200) 		    29911     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX
PW2037) 		  2000-1 EETC
13.
  N6700   Boeing   757-232
(BOEING 757-200) 		    30337     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX
PW2037) 		  2000-1 EETC
Note Purchase Agreement
2009-1 EETC

 

 

SCHEDULE I to
NOTE PURCHASE AGREEMENT
(Cont’d)
                                 
    U.S.       Airframe Model (including               Engine Model    
    Registration   Airframe   generic manufacturer and   Airframe       (including generic    
No.   No.   Manufacturer   model)   MSN   Engine Manufacturer   manufacturer and model)   Existing Financing
14.
  N6702   Boeing   757-232
(BOEING 757-200) 		    30188     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
15.
  N6704Z   Boeing   757-232
(BOEING 757-200) 		    30396     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
16.
  N6706Q   Boeing   757-232
(BOEING 757-200) 		    30422     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
17.
  N6708D   Boeing   757-232
(BOEING 757-200) 		    30480     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
18.
  N6710E   Boeing   757-232
(BOEING 757-200) 		    30482     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
19.
  N6712B   Boeing   757-232
(BOEING 757-200) 		    30484     Xxxxx & Xxxxxxx   XX0000
(XXXXX & XXXXXXX PW2037) 		  2000-1 EETC
20.
  N1602   Boeing   767-332ER
(BOEING 767-300) 		    29694     General Electric   CF6-80C2B6F
(GE CF6-80C2) 		  2000-1 EETC
21.
  N1604R   Boeing   767-332ER
(BOEING 767-300) 		    30180     General Electric   CF6-80C2B6F
(GE CF6-80C2) 		  2000-1 EETC
22.
  N16065   Boeing   767-332ER
(BOEING 767-300) 		    30199     General Electric   CF6-80C2B6F
(GE CF6-80C2) 		  2000-1 EETC
Note Purchase Agreement
2009-1 EETC

Sch. I - 2

 

SCHEDULE I to
NOTE PURCHASE AGREEMENT
(Cont’d)
Part Two — 2009 Aircraft and Existing Financings
                                 
    U.S.       Airframe Model               Engine Model    
    Registration   Airframe   (including generic   Airframe       (including generic    
No.   No.   Manufacturer   manufacturer and model)   MSN   Engine Manufacturer   manufacturer and model)   Existing Financing
1.
  N705DN   Boeing   777-232LR
(BOEING 777-200) 		    29742     General Electric   GE90-110B1L2
(GE GE90-110B) 		  2009 Mortgage
Financing
2.
  N706DN   Boeing   777-232LR
(BOEING 777-200) 		    30440     General Electric   GE90-110B1L2
(GE GE90-110B) 		  2009 Mortgage
Financing
3.
  N707DN   Boeing   777-232LR
(BOEING 777-200) 		    39091     General Electric   GE90-110B1L2
(GE GE90-110B) 		  2009 Mortgage
Financing
4.
  N306DQ   Boeing   737-732
(BOEING 737-700) 		    29633     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2009 Mortgage
Financing
5.
  N307DQ   Boeing   737-732
(BOEING 737-700) 		    29679     CFM International, Inc.   CFM56-7B24
(CFM CFM56-7) 		  2009 Mortgage
Financing
Note Purchase Agreement
2009-1 EETC

Sch. I - 3

 

SCHEDULE II to
NOTE PURCHASE AGREEMENT
TRUST SUPPLEMENTS
Trust Supplement No. 2009-1A, dated as of the Issuance Date, between the Company and the Pass Through Trustee in respect of the Delta Air Lines Pass Through Trust, Series 2009-1A.
Trust Supplement No. 2009-1B, dated as of the Issuance Date, between the Company and the Pass Through Trustee in respect of the Delta Air Lines Pass Through Trust, Series 2009-1B.
Note Purchase Agreement
2009-1 EETC

 

 

SCHEDULE III to
NOTE PURCHASE AGREEMENT
REQUIRED TERMS
Equipment Notes
     
Obligor:
  The Company
Maximum Principal Amount:
The original principal amount and amortization schedule of the Series A Equipment Notes and the Series B Equipment Notes issued with respect to an Aircraft shall be as set forth in the following tables:
PRINCIPAL AMOUNTS OF EQUIPMENT NOTES
                       
Aircraft   Series A     Series B     Total
N306DQ
   $ 21,371,000     $ 4,663,000     $ 26,034,000
N307DQ
     21,376,000       4,664,000       26,040,000
N376DA
     12,262,000       2,498,000       14,760,000
N378DA
     12,659,000       2,579,000       15,238,000
N380DA
     12,685,000       2,584,000       15,269,000
N382DA
     13,261,000       2,702,000       15,963,000
N384DA
     13,308,000       2,711,000       16,019,000
N386DA
     13,325,000       2,715,000       16,040,000
N388DA
     13,247,000       2,699,000       15,946,000
N390DA
     13,798,000       2,811,000       16,609,000
N392DA
     13,477,000       2,746,000       16,223,000
N394DA
     14,000,000       2,852,000       16,852,000
N696DL
     10,367,000       2,112,000       12,479,000
N698DL
     10,649,000       2,170,000       12,819,000
N6700
     10,820,000       2,205,000       13,025,000
N6702
     10,764,000       2,193,000       12,957,000
N6704Z
     11,009,000       2,243,000       13,252,000
N6706Q
     11,016,000       2,244,000       13,260,000
N6708D
     11,155,000       2,273,000       13,428,000
N6710E
     11,301,000       2,302,000       13,603,000
N6712B
     11,418,000       2,326,000       13,744,000
N1602
     18,740,000       3,818,000       22,558,000
N1604R
     19,136,000       3,899,000       23,035,000
N16065
     19,415,000       3,955,000       23,370,000
N705DN
     79,425,000       17,329,000       96,754,000
N706DN
     79,423,000       17,329,000       96,752,000
N707DN
     79,389,000       17,322,000       96,711,000
 
                
 
   $ 568,796,000     $ 119,944,000     $ 688,740,000
 
                
Note Purchase Agreement
2009-1 EETC

 

 

AMORTIZATION SCHEDULES
Series A Equipment Notes
Boeing 737-732
N306DQ
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     3.0000000000 %
December 17, 2010
     1.5182092555  
June 17, 2011
     2.3850879697  
December 17, 2011
     4.7448723972  
June 17, 2012
     4.0000000000  
December 17, 2012
     4.5311985401  
June 17, 2013
     4.4243615647  
December 17, 2013
     4.3175246830  
June 17, 2014
     4.2106877076  
December 17, 2014
     4.1038507323  
June 17, 2015
     3.9970138038  
December 17, 2015
     3.8901768752  
June 17, 2016
     4.0738614478  
December 17, 2016
     3.9557784849  
June 17, 2017
     3.8376955688  
December 17, 2017
     3.7196126059  
June 17, 2018
     3.6015296898  
December 17, 2018
     3.4834467269  
June 17, 2019
     3.3653638108  
December 17, 2019
     27.8610137102  
Series B Equipment Notes
Boeing 737-732
N306DQ
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     9.75937508 %
December 17, 2010
     9.49223140  
June 17, 2011
     21.15350204  
December 17, 2011
     24.41779863  
June 17, 2012
     0.57984238  
December 17, 2012
     0.57984216  
June 17, 2013
     0.57984216  
December 17, 2013
     0.57984216  
June 17, 2014
     0.57984216  
December 17, 2014
     0.57984216  
June 17, 2015
     0.57984216  
December 17, 2015
     0.57984216  
June 17, 2016
     0.57984238  
December 17, 2016
     29.95851297  
Note Purchase Agreement
2009-1 EETC

Sch. III-2

 

Series A Equipment Notes
Boeing 737-732
N307DQ
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     3.3400749906 %
December 17, 2010
     1.5182187500  
June 17, 2011
     2.3851028256  
December 17, 2011
     4.7449020865  
June 17, 2012
     4.6380644648  
December 17, 2012
     4.5312268432  
June 17, 2013
     4.4243892683  
December 17, 2013
     4.3175515999  
June 17, 2014
     4.2107140251  
December 17, 2014
     4.1038764034  
June 17, 2015
     3.9970387818  
December 17, 2015
     3.8902011602  
June 17, 2016
     4.0738868825  
December 17, 2016
     3.9558032373  
June 17, 2017
     3.8377194985  
December 17, 2017
     3.7196358533  
June 17, 2018
     3.6015522081  
December 17, 2018
     3.4834685161  
June 17, 2019
     3.3653847773  
December 17, 2019
     27.8611878275  
Series B Equipment Notes
Boeing 737-732
N307DQ
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     9.75705124 %
December 17, 2010
     9.49247577  
June 17, 2011
     21.15404674  
December 17, 2011
     24.41842753  
June 17, 2012
     0.57985720  
December 17, 2012
     0.57985720  
June 17, 2013
     0.57985699  
December 17, 2013
     0.57985720  
June 17, 2014
     0.57985699  
December 17, 2014
     0.57985720  
June 17, 2015
     0.57985720  
December 17, 2015
     0.57985699  
June 17, 2016
     0.57985720  
December 17, 2016
     29.95928452  
Note Purchase Agreement
2009-1 EETC

Sch. III-3

 

Series A Equipment Notes
Boeing 737-832
N376DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.0000000000 %
December 17, 2011
     6.8539130648  
June 17, 2012
     6.0000000000  
December 17, 2012
     6.3946354591  
June 17, 2013
     6.1689424237  
December 17, 2013
     5.9432494699  
June 17, 2014
     6.2441733812  
December 17, 2014
     5.9432494699  
June 17, 2015
     5.0000000000  
December 17, 2015
     5.2111938509  
June 17, 2016
     4.9218438265  
December 17, 2016
     4.6324938835  
June 17, 2017
     4.3431437775  
December 17, 2017
     4.0537937531  
June 17, 2018
     3.7644438101  
December 17, 2018
     3.4750937041  
June 17, 2019
     3.1503961018  
December 17, 2019
     10.8252099168  
Series B Equipment Notes
Boeing 737-832
N376DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.10586069 %
December 17, 2011
     3.65027462  
June 17, 2012
     3.56505404  
December 17, 2012
     3.47983347  
June 17, 2013
     3.39461329  
December 17, 2013
     3.30939271  
June 17, 2014
     3.77810528  
December 17, 2014
     3.66447758  
June 17, 2015
     4.24681745  
December 17, 2015
     4.07637670  
June 17, 2016
     3.90593555  
December 17, 2016
     42.82325861  
Note Purchase Agreement
2009-1 EETC

Sch. III-4

 

Series A Equipment Notes
Boeing 737-832
N378DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9088395608 %
December 17, 2011
     6.8007355241  
June 17, 2012
     6.5789414646  
December 17, 2012
     6.3584183585  
June 17, 2013
     6.1378951734  
December 17, 2013
     5.9173719093  
June 17, 2014
     5.6968488032  
December 17, 2014
     5.9541258393  
June 17, 2015
     5.5159067067  
December 17, 2015
     5.2331846117  
June 17, 2016
     4.9504626748  
December 17, 2016
     4.6677405798  
June 17, 2017
     4.3850186429  
December 17, 2017
     4.1022965479  
June 17, 2018
     3.8195745320  
December 17, 2018
     3.5368525160  
June 17, 2019
     3.2541305000  
December 17, 2019
     11.1816560550  
Series B Equipment Notes
Boeing 737-832
N378DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.06625087 %
December 17, 2011
     3.60812059  
June 17, 2012
     3.52485653  
December 17, 2012
     3.44159170  
June 17, 2013
     3.35832765  
December 17, 2013
     3.27506359  
June 17, 2014
     3.19179876  
December 17, 2014
     3.63587553  
June 17, 2015
     4.23260295  
December 17, 2015
     4.06607445  
June 17, 2016
     3.89954595  
December 17, 2016
     43.69989143  
Note Purchase Agreement
2009-1 EETC

Sch. III-5

 

Series A Equipment Notes
Boeing 737-832
N380DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8573117856 %
December 17, 2011
     6.0000000000  
June 17, 2012
     6.5394628301  
December 17, 2012
     6.3238762318  
June 17, 2013
     6.1082894758  
December 17, 2013
     5.8927028774  
June 17, 2014
     5.6771161214  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.0000000000  
December 17, 2015
     5.2542346078  
June 17, 2016
     4.9778413086  
December 17, 2016
     4.7014481671  
June 17, 2017
     4.0000000000  
December 17, 2017
     4.1486617264  
June 17, 2018
     3.8722686638  
December 17, 2018
     3.5958753646  
June 17, 2019
     3.3194822231  
December 17, 2019
     11.5559992905  
Series B Equipment Notes
Boeing 737-832
N380DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.01489667 %
December 17, 2011
     3.56846169  
June 17, 2012
     3.48705186  
December 17, 2012
     3.40564241  
June 17, 2013
     3.32423259  
December 17, 2013
     3.24282237  
June 17, 2014
     3.16141293  
December 17, 2014
     3.08000348  
June 17, 2015
     4.21973994  
December 17, 2015
     4.05692028  
June 17, 2016
     3.89410101  
December 17, 2016
     44.54471478  
Note Purchase Agreement
2009-1 EETC

Sch. III-6

 

Series A Equipment Notes
Boeing 737-832
N382DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8592866300 %
December 17, 2011
     6.0000000000  
June 17, 2012
     6.5394414448  
December 17, 2012
     6.3238555162  
June 17, 2013
     6.1082695121  
December 17, 2013
     5.8926835080  
June 17, 2014
     5.6770975040  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.5306096071  
December 17, 2015
     5.2542174044  
June 17, 2016
     4.9778250509  
December 17, 2016
     4.7014327728  
June 17, 2017
     4.4250404947  
December 17, 2017
     4.1486481412  
June 17, 2018
     3.8722559385  
December 17, 2018
     3.5958636604  
June 17, 2019
     3.3194713068  
December 17, 2019
     11.5559614660  
Series B Equipment Notes
Boeing 737-832
N382DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.03486825 %
December 17, 2011
     3.56757069  
June 17, 2012
     3.48618135  
December 17, 2012
     3.40479201  
June 17, 2013
     3.32340229  
December 17, 2013
     3.24201295  
June 17, 2014
     3.16062361  
December 17, 2014
     3.07923427  
June 17, 2015
     4.21868616  
December 17, 2015
     4.05590748  
June 17, 2016
     3.89312842  
December 17, 2016
     44.53359252  
Note Purchase Agreement
2009-1 EETC

Sch. III-7

 

Series A Equipment Notes
Boeing 737-832
N384DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8536218816 %
December 17, 2011
     6.7619660355  
June 17, 2012
     6.5394584460  
December 17, 2012
     6.3238719567  
June 17, 2013
     6.1082853922  
December 17, 2013
     5.8926988278  
June 17, 2014
     5.6771122633  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.5306239856  
December 17, 2015
     5.2542310640  
June 17, 2016
     4.0000000000  
December 17, 2016
     4.7014449955  
June 17, 2017
     4.0000000000  
December 17, 2017
     4.1486589270  
June 17, 2018
     3.8722660054  
December 17, 2018
     3.5958730087  
June 17, 2019
     3.3194799369  
December 17, 2019
     11.5559915089  
Series B Equipment Notes
Boeing 737-832
N384DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.01765548 %
December 17, 2011
     3.56833862  
June 17, 2012
     3.48693176  
December 17, 2012
     3.40552490  
June 17, 2013
     3.32411767  
December 17, 2013
     3.24271081  
June 17, 2014
     3.16130395  
December 17, 2014
     3.07989709  
June 17, 2015
     4.21959425  
December 17, 2015
     4.05678052  
June 17, 2016
     3.89396643  
December 17, 2016
     44.54317853  
Note Purchase Agreement
2009-1 EETC

Sch. III-8

 

Series A Equipment Notes
Boeing 737-832
N386DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.0000000000 %
December 17, 2011
     6.7615590994  
June 17, 2012
     6.5394862289  
December 17, 2012
     6.3238986867  
June 17, 2013
     6.1083112946  
December 17, 2013
     5.8927237523  
June 17, 2014
     5.6771363602  
December 17, 2014
     5.4615488931  
June 17, 2015
     5.5306475047  
December 17, 2015
     5.2542532083  
June 17, 2016
     4.9778591370  
December 17, 2016
     4.7014649156  
June 17, 2017
     4.4250706942  
December 17, 2017
     4.1486766229  
June 17, 2018
     3.8722823265  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3194940338  
December 17, 2019
     11.5560404503  
Series B Equipment Notes
Boeing 737-832
N386DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.03313333 %
December 17, 2011
     3.56764825  
June 17, 2012
     3.48625709  
December 17, 2012
     3.40486556  
June 17, 2013
     3.32347440  
December 17, 2013
     3.24208361  
June 17, 2014
     3.16069208  
December 17, 2014
     3.07930055  
June 17, 2015
     4.21877790  
December 17, 2015
     4.05599558  
June 17, 2016
     3.89321289  
December 17, 2016
     44.53455875  
Note Purchase Agreement
2009-1 EETC

Sch. III-9

 

Series A Equipment Notes
Boeing 737-832
N388DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8579300974 %
December 17, 2011
     6.7621362573  
June 17, 2012
     6.5391233487  
December 17, 2012
     6.3235478221  
June 17, 2013
     6.1079722956  
December 17, 2013
     5.8923968446  
June 17, 2014
     5.6768213935  
December 17, 2014
     5.4612457915  
June 17, 2015
     5.5303406054  
December 17, 2015
     5.2539617272  
June 17, 2016
     4.9775828489  
December 17, 2016
     4.7012040462  
June 17, 2017
     4.4248252435  
December 17, 2017
     4.0000000000  
June 17, 2018
     3.8720674870  
December 17, 2018
     3.5956887597  
June 17, 2019
     3.3193098060  
December 17, 2019
     11.5553992602  
Series B Equipment Notes
Boeing 737-832
N388DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.03439089 %
December 17, 2011
     3.56759207  
June 17, 2012
     3.48620230  
December 17, 2012
     3.40481215  
June 17, 2013
     3.32342238  
December 17, 2013
     3.24203223  
June 17, 2014
     3.16064246  
December 17, 2014
     3.07925232  
June 17, 2015
     4.21871137  
December 17, 2015
     4.05593183  
June 17, 2016
     3.89315191  
December 17, 2016
     44.53385810  
Note Purchase Agreement
2009-1 EETC

Sch. III-10

 

Series A Equipment Notes
Boeing 737-832
N390DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8124365850 %
December 17, 2011
     6.7188380200  
June 17, 2012
     6.5012913466  
December 17, 2012
     6.2904386868  
June 17, 2013
     6.0795859545  
December 17, 2013
     5.8687332947  
June 17, 2014
     5.6578806349  
December 17, 2014
     5.4470279026  
June 17, 2015
     5.0874969561  
December 17, 2015
     5.2740205827  
June 17, 2016
     5.0036966227  
December 17, 2016
     4.0000000000  
June 17, 2017
     4.4630487027  
December 17, 2017
     4.1927246702  
June 17, 2018
     3.9224007102  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3817527903  
December 17, 2019
     11.9131771271  
Series B Equipment Notes
Boeing 737-832
N390DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.98762611 %
December 17, 2011
     3.52956741  
June 17, 2012
     3.44995304  
December 17, 2012
     3.37033867  
June 17, 2013
     3.29072465  
December 17, 2013
     3.21111028  
June 17, 2014
     3.13149591  
December 17, 2014
     3.05188154  
June 17, 2015
     3.70206510  
December 17, 2015
     4.04706012  
June 17, 2016
     3.88783209  
December 17, 2016
     45.34034507  
Note Purchase Agreement
2009-1 EETC

Sch. III-11

 

Series A Equipment Notes
Boeing 737-832
N392DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8098983453 %
December 17, 2011
     6.7176801959  
June 17, 2012
     6.5015660755  
December 17, 2012
     6.2907044594  
June 17, 2013
     6.0798428434  
December 17, 2013
     5.8689813015  
June 17, 2014
     5.6581196854  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.0877119537  
December 17, 2015
     5.2742434518  
June 17, 2016
     5.0000000000  
December 17, 2016
     4.7335726052  
June 17, 2017
     4.0000000000  
December 17, 2017
     4.1929018328  
June 17, 2018
     3.9225664465  
December 17, 2018
     3.6522311345  
June 17, 2019
     3.3818956741  
December 17, 2019
     11.9136805669  
Series B Equipment Notes
Boeing 737-832
N392DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.99577786 %
December 17, 2011
     3.52920757  
June 17, 2012
     3.44960160  
December 17, 2012
     3.36999563  
June 17, 2013
     3.29038929  
December 17, 2013
     3.21078296  
June 17, 2014
     3.13117698  
December 17, 2014
     3.05157065  
June 17, 2015
     3.70168791  
December 17, 2015
     4.04664785  
June 17, 2016
     3.88743591  
December 17, 2016
     45.33572578  
Note Purchase Agreement
2009-1 EETC

Sch. III-12

 

Series A Equipment Notes
Boeing 737-832
N394DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8142857143 %
December 17, 2011
     6.0000000000  
June 17, 2012
     6.5014285714  
December 17, 2012
     6.2905714286  
June 17, 2013
     6.0797142857  
December 17, 2013
     5.8688571429  
June 17, 2014
     5.6580000000  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.0000000000  
December 17, 2015
     5.2741318571  
June 17, 2016
     5.0038021429  
December 17, 2016
     4.7334725714  
June 17, 2017
     4.4631428571  
December 17, 2017
     4.1928131429  
June 17, 2018
     3.9224835714  
December 17, 2018
     3.6521538571  
June 17, 2019
     3.3818241429  
December 17, 2019
     11.0000000000  
Series B Equipment Notes
Boeing 737-832
N394DA
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.98165919 %
December 17, 2011
     3.52983065  
June 17, 2012
     3.45021038  
December 17, 2012
     3.37059011  
June 17, 2013
     3.29096985  
December 17, 2013
     3.21134993  
June 17, 2014
     3.13172931  
December 17, 2014
     3.05210905  
June 17, 2015
     3.70234116  
December 17, 2015
     4.04736220  
June 17, 2016
     3.88812167  
December 17, 2016
     45.34372651  
Note Purchase Agreement
2009-1 EETC

Sch. III-13

 

Series A Equipment Notes
Boeing 757-232
N696DL
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9609351789 %
December 17, 2011
     6.8460438893  
June 17, 2012
     6.6203501495  
December 17, 2012
     6.3946564098  
June 17, 2013
     6.1689626700  
December 17, 2013
     5.9432689303  
June 17, 2014
     6.0000000000  
December 17, 2014
     5.9432689303  
June 17, 2015
     5.5005618790  
December 17, 2015
     5.2112109578  
June 17, 2016
     4.0000000000  
December 17, 2016
     4.6325090190  
June 17, 2017
     4.3431580978  
December 17, 2017
     4.0000000000  
June 17, 2018
     3.7644560625  
December 17, 2018
     3.4751051413  
June 17, 2019
     3.1504063856  
December 17, 2019
     10.8252453940  
Series B Equipment Notes
Boeing 757-232
N696DL
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.10738210 %
December 17, 2011
     3.65020502  
June 17, 2012
     3.56498627  
December 17, 2012
     3.47976705  
June 17, 2013
     3.39454877  
December 17, 2013
     3.30932955  
June 17, 2014
     3.77803314  
December 17, 2014
     3.66440814  
June 17, 2015
     4.24673674  
December 17, 2015
     4.07629877  
June 17, 2016
     3.90586127  
December 17, 2016
     42.82244318  
Note Purchase Agreement
2009-1 EETC

Sch. III-14

 

Series A Equipment Notes
Boeing 757-232
N698DL
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9162321345 %
December 17, 2011
     6.7990223495  
June 17, 2012
     6.0000000000  
December 17, 2012
     6.3580046953  
June 17, 2013
     6.1374957273  
December 17, 2013
     5.9169869471  
June 17, 2014
     5.6964781670  
December 17, 2014
     5.9537384731  
June 17, 2015
     5.5155477510  
December 17, 2015
     5.2328442107  
June 17, 2016
     4.9501405766  
December 17, 2016
     4.6674368485  
June 17, 2017
     4.3847333083  
December 17, 2017
     4.1020296741  
June 17, 2018
     3.8193260400  
December 17, 2018
     3.5366224059  
June 17, 2019
     3.2539187717  
December 17, 2019
     11.1809285379  
Series B Equipment Notes
Boeing 757-232
N698DL
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.08966313 %
December 17, 2011
     3.60706406  
June 17, 2012
     3.52382396  
December 17, 2012
     3.44058387  
June 17, 2013
     3.35734378  
December 17, 2013
     3.27410415  
June 17, 2014
     3.19086406  
December 17, 2014
     3.63481060  
June 17, 2015
     4.23136313  
December 17, 2015
     4.06488341  
June 17, 2016
     3.89840369  
December 17, 2016
     43.68709217  
Note Purchase Agreement
2009-1 EETC

Sch. III-15

 

Series A Equipment Notes
Boeing 757-232
N6700
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8605703327 %
December 17, 2011
     6.7550430684  
June 17, 2012
     6.5394565619  
December 17, 2012
     6.3238700555  
June 17, 2013
     6.1082836414  
December 17, 2013
     5.8926971349  
June 17, 2014
     5.6771106285  
December 17, 2014
     5.4615241220  
June 17, 2015
     5.5306224584  
December 17, 2015
     5.0000000000  
June 17, 2016
     4.9778365065  
December 17, 2016
     4.7014436229  
June 17, 2017
     4.0000000000  
December 17, 2017
     4.1486577634  
June 17, 2018
     3.8722647874  
December 17, 2018
     3.5958719963  
June 17, 2019
     3.3194790203  
December 17, 2019
     11.5559880776  
Series B Equipment Notes
Boeing 757-232
N6700
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.04798821 %
December 17, 2011
     3.56698549  
June 17, 2012
     3.48560952  
December 17, 2012
     3.40423311  
June 17, 2013
     3.32285714  
December 17, 2013
     3.24148118  
June 17, 2014
     3.16010476  
December 17, 2014
     3.07872880  
June 17, 2015
     4.21799410  
December 17, 2015
     4.05524218  
June 17, 2016
     3.89248980  
December 17, 2016
     44.52628571  
Note Purchase Agreement
2009-1 EETC

Sch. III-16

 

Series A Equipment Notes
Boeing 757-232
N6702
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8680469156 %
December 17, 2011
     6.7545065961  
June 17, 2012
     6.5389371981  
December 17, 2012
     6.3233678001  
June 17, 2013
     6.1077984950  
December 17, 2013
     5.8922290970  
June 17, 2014
     5.6766597919  
December 17, 2014
     5.4610903939  
June 17, 2015
     5.5301832033  
December 17, 2015
     5.2538121516  
June 17, 2016
     4.9774411929  
December 17, 2016
     4.7010702341  
June 17, 2017
     4.4246992754  
December 17, 2017
     4.1483283166  
June 17, 2018
     3.8719572650  
December 17, 2018
     3.5955863991  
June 17, 2019
     3.3192153475  
December 17, 2019
     11.5550703270  
Series B Equipment Notes
Boeing 757-232
N6702
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.03290971 %
December 17, 2011
     3.56765846  
June 17, 2012
     3.48626676  
December 17, 2012
     3.40487506  
June 17, 2013
     3.32348381  
December 17, 2013
     3.24209257  
June 17, 2014
     3.16070087  
December 17, 2014
     3.07930917  
June 17, 2015
     4.21878979  
December 17, 2015
     4.05600684  
June 17, 2016
     3.89322389  
December 17, 2016
     44.53468308  
Note Purchase Agreement
2009-1 EETC

Sch. III-17

 

Series A Equipment Notes
Boeing 757-232
N6704Z
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8163651558 %
December 17, 2011
     6.7123410846  
June 17, 2012
     6.5014822418  
December 17, 2012
     6.2906233990  
June 17, 2013
     6.0797644654  
December 17, 2013
     5.8689056227  
June 17, 2014
     5.6580467799  
December 17, 2014
     5.4471878463  
June 17, 2015
     5.0876463802  
December 17, 2015
     5.2741754019  
June 17, 2016
     5.0038434917  
December 17, 2016
     4.7335116723  
June 17, 2017
     4.4631796712  
December 17, 2017
     4.1928478518  
June 17, 2018
     3.0000000000  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3818521210  
December 17, 2019
     11.9135269325  
Series B Equipment Notes
Boeing 757-232
N6704Z
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.99203745 %
December 17, 2011
     3.52937272  
June 17, 2012
     3.44976282  
December 17, 2012
     3.37015292  
June 17, 2013
     3.29054347  
December 17, 2013
     3.21093313  
June 17, 2014
     3.13132323  
December 17, 2014
     3.05171333  
June 17, 2015
     3.70186090  
December 17, 2015
     4.04683727  
June 17, 2016
     3.88761748  
December 17, 2016
     45.33784530  
Note Purchase Agreement
2009-1 EETC

Sch. III-18

 

Series A Equipment Notes
Boeing 757-232
N6706Q
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.0000000000 %
December 17, 2011
     6.7124892883  
June 17, 2012
     6.5016257262  
December 17, 2012
     6.2907621641  
June 17, 2013
     6.0798986928  
December 17, 2013
     5.8690351307  
June 17, 2014
     5.6581715686  
December 17, 2014
     5.0000000000  
June 17, 2015
     5.0877587146  
December 17, 2015
     5.2742918482  
June 17, 2016
     5.0039538853  
December 17, 2016
     4.7336161038  
June 17, 2017
     4.4632782317  
December 17, 2017
     4.0000000000  
June 17, 2018
     3.9226024873  
December 17, 2018
     3.6522646151  
June 17, 2019
     3.3819267429  
December 17, 2019
     11.9137898511  
Series B Equipment Notes
Boeing 757-232
N6706Q
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.97507576 %
December 17, 2011
     3.53012121  
June 17, 2012
     3.45049421  
December 17, 2012
     3.37086720  
June 17, 2013
     3.29124064  
December 17, 2013
     3.21161408  
June 17, 2014
     3.13198708  
December 17, 2014
     3.05236007  
June 17, 2015
     3.70264572  
December 17, 2015
     4.04769519  
June 17, 2016
     3.88844162  
December 17, 2016
     45.34745722  
Note Purchase Agreement
2009-1 EETC

Sch. III-19

 

Series A Equipment Notes
Boeing 757-232
N6708D
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8172364859 %
December 17, 2011
     6.7122789780  
June 17, 2012
     6.5014221425  
December 17, 2012
     6.2905652174  
June 17, 2013
     6.0797082026  
December 17, 2013
     5.8688512775  
June 17, 2014
     5.0000000000  
December 17, 2014
     5.4471374272  
June 17, 2015
     5.0875993725  
December 17, 2015
     5.2741265800  
June 17, 2016
     5.0037972210  
December 17, 2016
     4.7334678619  
June 17, 2017
     4.4631384133  
December 17, 2017
     4.1928089646  
June 17, 2018
     3.9224796952  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3818207978  
December 17, 2019
     11.9134167638  
Series B Equipment Notes
Boeing 757-232
N6708D
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.00170436 %
December 17, 2011
     3.52894633  
June 17, 2012
     3.44934624  
December 17, 2012
     3.36974571  
June 17, 2013
     3.29014562  
December 17, 2013
     3.21054509  
June 17, 2014
     3.13094501  
December 17, 2014
     3.05134448  
June 17, 2015
     3.70141355  
December 17, 2015
     4.04634844  
June 17, 2016
     3.88714782  
December 17, 2016
     45.33236736  
Note Purchase Agreement
2009-1 EETC

Sch. III-20

 

Series A Equipment Notes
Boeing 757-232
N6710E
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.8180853022 %
December 17, 2011
     6.7122185647  
June 17, 2012
     6.5013635077  
December 17, 2012
     6.2905084506  
June 17, 2013
     6.0000000000  
December 17, 2013
     5.8687984249  
June 17, 2014
     5.6579433678  
December 17, 2014
     5.4470883108  
June 17, 2015
     5.0875534908  
December 17, 2015
     5.2740791080  
June 17, 2016
     5.0037521458  
December 17, 2016
     4.7334251836  
June 17, 2017
     4.4630981329  
December 17, 2017
     4.1927712592  
June 17, 2018
     3.9224442970  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3817903725  
December 17, 2019
     11.9133093532  
Series B Equipment Notes
Boeing 757-232
N6710E
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.97637185 %
December 17, 2011
     3.53006386  
June 17, 2012
     3.45043831  
December 17, 2012
     3.37081321  
June 17, 2013
     3.29118723  
December 17, 2013
     3.21156169  
June 17, 2014
     3.13193658  
December 17, 2014
     3.05231060  
June 17, 2015
     3.70258601  
December 17, 2015
     4.04762945  
June 17, 2016
     3.88837880  
December 17, 2016
     45.34672242  
Note Purchase Agreement
2009-1 EETC

Sch. III-21

 

Series A Equipment Notes
Boeing 757-232
N6712B
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.0000000000 %
December 17, 2011
     6.6717655456  
June 17, 2012
     6.4654223156  
December 17, 2012
     6.2590789981  
June 17, 2013
     6.0000000000  
December 17, 2013
     5.8463925381  
June 17, 2014
     5.6400492205  
December 17, 2014
     5.4337059905  
June 17, 2015
     5.0778961289  
December 17, 2015
     4.0000000000  
June 17, 2016
     5.0289557716  
December 17, 2016
     4.0000000000  
June 17, 2017
     4.4998704677  
December 17, 2017
     4.2353278157  
June 17, 2018
     3.9707850762  
December 17, 2018
     3.7062425118  
June 17, 2019
     3.4416998599  
December 17, 2019
     12.2562608163  
Series B Equipment Notes
Boeing 757-232
N6712B
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     19.94119475 %
December 17, 2011
     3.49323904  
June 17, 2012
     3.41532287  
December 17, 2012
     3.33740671  
June 17, 2013
     3.25949097  
December 17, 2013
     3.18157438  
June 17, 2014
     3.10365864  
December 17, 2014
     3.02574248  
June 17, 2015
     3.68153611  
December 17, 2015
     3.56466208  
June 17, 2016
     3.88281943  
December 17, 2016
     46.11335254  
Note Purchase Agreement
2009-1 EETC

Sch. III-22

 

Series A Equipment Notes
Boeing 767-332ER
N1602
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9617865847 %
December 17, 2011
     6.8459819366  
June 17, 2012
     6.6202902244  
December 17, 2012
     6.3945985122  
June 17, 2013
     6.1689068000  
December 17, 2013
     5.9432150878  
June 17, 2014
     6.2441373708  
December 17, 2014
     5.9432150878  
June 17, 2015
     5.5005121139  
December 17, 2015
     5.0000000000  
June 17, 2016
     4.9218154160  
December 17, 2016
     4.6324670670  
June 17, 2017
     4.3431187180  
December 17, 2017
     4.0537703691  
June 17, 2018
     3.7644220201  
December 17, 2018
     3.4750736711  
June 17, 2019
     3.1503779022  
December 17, 2019
     10.8251473530  
Series B Equipment Notes
Boeing 767-332ER
N1602
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.11280033 %
December 17, 2011
     3.64995739  
June 17, 2012
     3.56474438  
December 17, 2012
     3.47953136  
June 17, 2013
     3.39431835  
December 17, 2013
     3.30910534  
June 17, 2014
     3.77777691  
December 17, 2014
     3.66415956  
June 17, 2015
     4.24644848  
December 17, 2015
     4.07602245  
June 17, 2016
     3.90559643  
December 17, 2016
     42.81953903  
Note Purchase Agreement
2009-1 EETC

Sch. III-23

 

Series A Equipment Notes
Boeing 767-332ER
N1604R
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9092351634 %
December 17, 2011
     6.7995279276  
June 17, 2012
     6.5790026976  
December 17, 2012
     6.3584774675  
June 17, 2013
     6.1379522374  
December 17, 2013
     5.9174270073  
June 17, 2014
     5.6969017772  
December 17, 2014
     5.9541812123  
June 17, 2015
     5.5159579987  
December 17, 2015
     5.2332333447  
June 17, 2016
     4.9505086908  
December 17, 2016
     4.0000000000  
June 17, 2017
     4.3850593829  
December 17, 2017
     4.1023347289  
June 17, 2018
     3.8196100749  
December 17, 2018
     3.5368854210  
June 17, 2019
     3.2541607670  
December 17, 2019
     11.0000000000  
Series B Equipment Notes
Boeing 767-332ER
N1604R
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.07473374 %
December 17, 2011
     3.60773771  
June 17, 2012
     3.52448223  
December 17, 2012
     3.44122674  
June 17, 2013
     3.35797126  
December 17, 2013
     3.27471577  
June 17, 2014
     3.19146028  
December 17, 2014
     3.63548954  
June 17, 2015
     4.23215386  
December 17, 2015
     4.06564288  
June 17, 2016
     3.89913191  
December 17, 2016
     43.69525407  
Note Purchase Agreement
2009-1 EETC

Sch. III-24

 

Series A Equipment Notes
Boeing 767-332ER
N16065
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     5.9100590070 %
December 17, 2011
     6.7994683921  
June 17, 2012
     6.5789450929  
December 17, 2012
     6.3584217937  
June 17, 2013
     6.1378984945  
December 17, 2013
     5.9173751953  
June 17, 2014
     5.0000000000  
December 17, 2014
     5.9541290785  
June 17, 2015
     5.0000000000  
December 17, 2015
     5.2331875234  
June 17, 2016
     4.9504653449  
December 17, 2016
     4.0000000000  
June 17, 2017
     4.3850209880  
December 17, 2017
     4.0000000000  
June 17, 2018
     3.8195766311  
December 17, 2018
     3.5368544526  
June 17, 2019
     3.0000000000  
December 17, 2019
     11.1816621583  
Series B Equipment Notes
Boeing 767-332ER
N16065
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2011
     20.05832034 %
December 17, 2011
     3.60847860  
June 17, 2012
     3.52520601  
December 17, 2012
     3.44193343  
June 17, 2013
     3.35866085  
December 17, 2013
     3.27538826  
June 17, 2014
     3.19211568  
December 17, 2014
     3.63623612  
June 17, 2015
     4.23302297  
December 17, 2015
     4.06647780  
June 17, 2016
     3.89993264  
December 17, 2016
     43.70422730  
Note Purchase Agreement
2009-1 EETC

Sch. III-25

 

Series A Equipment Notes
Boeing 777-200LR
N705DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     3.3140668052 %
December 17, 2010
     1.4951433050  
June 17, 2011
     2.0000000000  
December 17, 2011
     4.0000000000  
June 17, 2012
     4.6201773749  
December 17, 2012
     4.5149635883  
June 17, 2013
     4.4097497891  
December 17, 2013
     4.3045360151  
June 17, 2014
     4.1993222159  
December 17, 2014
     4.0941084419  
June 17, 2015
     3.9888946427  
December 17, 2015
     3.8836808562  
June 17, 2016
     4.0701123072  
December 17, 2016
     3.9538233931  
June 17, 2017
     3.8375344539  
December 17, 2017
     3.7212455398  
June 17, 2018
     3.6049566257  
December 17, 2018
     3.4886676865  
June 17, 2019
     3.3723787724  
December 17, 2019
     28.0385514511  
Series B Equipment Notes
Boeing 777-200LR
N705DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     9.72948081 %
December 17, 2010
     9.47544342  
June 17, 2011
     21.15054337  
December 17, 2011
     24.42887766  
June 17, 2012
     0.57106463  
December 17, 2012
     0.57106469  
June 17, 2013
     0.57106469  
December 17, 2013
     0.57106469  
June 17, 2014
     0.57106463  
December 17, 2014
     0.57106469  
June 17, 2015
     0.57106469  
December 17, 2015
     0.57106463  
June 17, 2016
     0.57106469  
December 17, 2016
     30.07607271  
Note Purchase Agreement
2009-1 EETC

Sch. III-26

 

Series A Equipment Notes
Boeing 777-200LR
N706DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     3.3136407464 %
December 17, 2010
     1.0000000000  
June 17, 2011
     2.3627059920  
December 17, 2011
     4.7254119839  
June 17, 2012
     4.6201977261  
December 17, 2012
     4.5149834809  
June 17, 2013
     4.0000000000  
December 17, 2013
     4.3045549778  
June 17, 2014
     4.1993407199  
December 17, 2014
     4.0941264747  
June 17, 2015
     3.9889122295  
December 17, 2015
     3.8836979716  
June 17, 2016
     4.0701302394  
December 17, 2016
     3.0000000000  
June 17, 2017
     3.0000000000  
December 17, 2017
     3.7212619266  
June 17, 2018
     3.6049725017  
December 17, 2018
     3.0000000000  
June 17, 2019
     3.3723936391  
December 17, 2019
     28.0386750060  
Series B Equipment Notes
Boeing 777-200LR
N706DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     9.73135611 %
December 17, 2010
     9.47524658  
June 17, 2011
     21.15010405  
December 17, 2011
     24.42837007  
June 17, 2012
     0.57105286  
December 17, 2012
     0.57105280  
June 17, 2013
     0.57105280  
December 17, 2013
     0.57105280  
June 17, 2014
     0.57105280  
December 17, 2014
     0.57105280  
June 17, 2015
     0.57105280  
December 17, 2015
     0.57105280  
June 17, 2016
     0.57105280  
December 17, 2016
     30.07544792  
Note Purchase Agreement
2009-1 EETC

Sch. III-27

 

Series A Equipment Notes
Boeing 777-200LR
N707DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     3.3137626749 %
December 17, 2010
     1.4951479928  
June 17, 2011
     2.3627030193  
December 17, 2011
     4.7254060134  
June 17, 2012
     4.6201919158  
December 17, 2012
     4.5149777803  
June 17, 2013
     4.4097636700  
December 17, 2013
     4.3045495472  
June 17, 2014
     4.1993354369  
December 17, 2014
     4.0941213140  
June 17, 2015
     3.9889071912  
December 17, 2015
     3.0000000000  
June 17, 2016
     4.0701251055  
December 17, 2016
     3.9538358211  
June 17, 2017
     3.8375465367  
December 17, 2017
     3.7212572523  
June 17, 2018
     3.6049679553  
December 17, 2018
     3.4886786583  
June 17, 2019
     3.3723893864  
December 17, 2019
     28.0386396478  
Series B Equipment Notes
Boeing 777-200LR
N707DN
         
    Percentage of Original  
    Principal Amount to be  
Payment Date   Paid  
June 17, 2010
     9.73364992 %
December 17, 2010
     9.47500583  
June 17, 2011
     21.14956656  
December 17, 2011
     24.42774939  
June 17, 2012
     0.57103828  
December 17, 2012
     0.57103828  
June 17, 2013
     0.57103833  
December 17, 2013
     0.57103828  
June 17, 2014
     0.57103828  
December 17, 2014
     0.57103833  
June 17, 2015
     0.57103828  
December 17, 2015
     0.57103833  
June 17, 2016
     0.57103828  
December 17, 2016
     30.07468364  
Note Purchase Agreement
2009-1 EETC

Sch. III-28

 

Indenture for Each Aircraft
Debt Rate (as such term is defined in clause (i) of the definition of “Debt Rate” in the form of Indenture and Security Agreement included as Exhibit C of the Note Purchase Agreement (as such form may be amended, supplemented or otherwise modified from time to time in accordance with terms of the Note Purchase Agreement, the “Indenture Form”)) (x) for Series A (computed on the basis of a 360-day year consisting of twelve 30-day months, payable semi-annually in arrears): 7.75% and (y) for Series B (computed on the basis of a 360-day year consisting of twelve 30-day months, payable semi-annually in arrears): 9.75%.
     
Past Due Rate:
  The lesser of (a) with respect to (i) any payment made to a Noteholder (as such term is defined in the Indenture Form) under any Series of Equipment Notes relating to such Aircraft, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document (as such term is defined in the Indenture Form) to any other Person, the Debt Rate (as such term is defined in clause (ii) of the definition of “Debt Rate” in the Indenture Form) plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law.
 
    
Payment Dates:
  June 17 and December 17 commencing with (a) in the case of each Indenture with respect to a 2009 Aircraft, June 17, 2010 and (b) in the case of each Indenture with respect to a 2000-1 Aircraft, the first such date to occur after the issuance of the Equipment Notes with respect to such 2000-1 Aircraft.
 
    
Make-Whole Amount:
  As provided in Article II of the Indenture Form.
 
    
Redemption:
  As provided in Article II of the Indenture Form.
 
    
All-risk hull insurance:
  Not less than 110% of the unpaid principal amount of the Equipment Notes relating to such Aircraft, subject to the Company’s right to self-insure on terms no more favorable to the Company in any material respect than those set forth in Section 7.06 of the Indenture Form.
Participation Agreement for Each Aircraft
The applicable Loan Trustee, the Subordination Agent, the Liquidity Providers, the Pass Through Trustees and the Escrow Agent shall be indemnified against Claims (as such term is defined in the Participation Agreement Form referred to below) to the extent set forth in Section 4.02 of the form of the Participation Agreement included as Exhibit B to the Note Purchase
Note Purchase Agreement
2009-1 EETC

Sch. III-29

 

Agreement (as such form may be amended, supplemented or otherwise modified from time to time in accordance with terms of the Note Purchase Agreement, the “Participation Agreement Form”).
Prohibited Modifications
1.   The parties may not modify in any material adverse respect the Granting Clause of the Indenture Form so as to deprive the Noteholders or the Related Noteholders (as defined in the Indenture Form) of a first priority security interest in and mortgage lien on the Aircraft (as defined in the Indenture Form) or, to the extent assigned thereunder, the Warranty Rights (as defined in the Indenture Form) or to eliminate any of the obligations intended to be secured thereby, or otherwise modify in any material adverse respect as regards the interests of the Noteholders, the Subordination Agent, the Liquidity Providers or the Loan Trustee (as defined in the Indenture Form) the provisions of Article II or Article III, or Sections 7.05(a) or 7.05(b) (insofar as such Sections relate to conditions to “Airframe” and “Engine” replacements), or Sections 4.01, 4.02, 5.02, 9.02, 10.04, 10.11, 10.12 or 10.15 of the Indenture Form or the provisions of the proviso to the second full sentence of Section 7.02(e) of the Indenture Form as regards the rights of the Loan Trustee (as defined in the Indenture Form) thereunder or the definition of “Make-Whole Amount” in Annex A to the Indenture Form.
 
2.   The parties may not modify in any material adverse respect as regards the interests of the Noteholders, the Subordination Agent, the Liquidity Providers or the Loan Trustee (as defined in the Participation Agreement Form) the provisions of Sections 3.01(d), 3.01(f)(i), 3.01(r), 4.01(g), 4.01(h), 6.01(e), 6.01(f), 6.02(b), 6.02(c), 6.02(f), 7.03, 7.08 or 7.12 of the Participation Agreement Form, or the first sentence of Section 6.02(c) of the Participation Agreement Form, or the provisions of Sections 3.01(g), (h) or (i) of the Participation Agreement Form so as to eliminate the requirement to deliver to the Noteholders or the Loan Trustee (as defined in the Participation Agreement Form), as the case may be, the legal opinions to be provided to such Persons thereunder (recognizing that the lawyers rendering such opinions may be changed) or otherwise modify the terms of the Participation Agreement Form to deprive the Pass Through Trustees, the Subordination Agent, the Liquidity Providers or the Loan Trustee (as defined in the Participation Agreement Form) of any indemnity, or right of reimbursement, for Claims in its favor.
 
3.   Nothing in the two immediately preceding paragraphs shall prohibit any modification of the Indenture Form or the Participation Agreement Form to give effect to (a) the redemption of any Series B Equipment Notes (or any Additional Series Equipment Notes) and issuance of new Equipment Notes with the same series designation as that of the redeemed Equipment Notes or (b) the issuance of any Additional Series Equipment Notes or the issuance of pass through certificates by any pass through trust that acquires any such new Equipment Notes or Additional Series Equipment Notes, as applicable, or to provide for any credit support for any pass through certificates relating to any such new Equipment Notes or Additional Series Equipment Notes, as applicable, in each case, as provided in Section 4(a)(v) of the Note Purchase Agreement.
Note Purchase Agreement
2009-1 EETC

Sch. III-30

 

ANNEX A to
NOTE PURCHASE AGREEMENT
DEFINITIONS
     (a) Certain Rules of Construction. Unless the context otherwise requires, the following rules of construction shall apply for all purposes of the Note Purchase Agreement (including this Annex A).
          (i) Singular and Plural. The definitions stated in this Annex A apply equally to both the singular and the plural forms of the terms defined.
          (ii) References to Parts. All references in the Note Purchase Agreement to designated “Sections”, “Subsections”, “Schedules”, “Exhibits”, “Annexes” and other subdivisions are to the designated Section, Subsection, Schedule, Exhibit, Annex or other subdivision of the Note Purchase Agreement, unless otherwise specifically stated.
          (iii) Reference to the Whole. The words “herein”, “hereof” and “hereunder” and other words of similar import refer to the Note Purchase Agreement as a whole and not to any particular Section, Subsection, Schedule, Exhibit, Annex or other subdivision.
          (iv) Reference to Government. All references in the Note Purchase Agreement to a “government” are to such government and any instrumentality or agency thereof.
          (v) Including Without Limitation. Unless the context otherwise requires, whenever the words “including”, “include” or “includes” are used herein, they shall be deemed to be followed by the phrase “without limitation”.
          (vi) Notice and Notify. Whenever the words “notice” or “notify” or similar words are used herein, they mean the provision of formal notice as set forth in Section 6 of the Note Purchase Agreement.
          (vii) Reference to Persons. All references in the Note Purchase Agreement to a Person shall include successors and permitted assigns of such Person.
          (b) Definitions.
          “2000-1 Aircraft” has the meaning set forth in the second recital to the Note Purchase Agreement.
          “2009 Aircraft” has the meaning set forth in the second recital to the Note Purchase Agreement.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-1

 

          “Additional Series Equipment Notes” means Equipment Notes of one (and not more than one at any time) series issued under an Indenture and designated other than as “Series A” or “Series B” issued thereunder, if any, in the principal amount and maturities and bearing interest as specified in Schedule I to such Indenture amended at the time of original issuance of such Additional Series Equipment Notes under the heading for such series.
          “Additional Series Pass Through Certificates” means the pass through certificates issued pursuant to any Additional Series Pass Through Trust Agreement.
          “Additional Series Pass Through Trust” means a grantor trust created to facilitate the issuance and sale of pass through certificates in connection with the issuance of any Additional Series Equipment Notes.
          “Additional Series Pass Through Trust Agreement” means a Trust Supplement entered into in connection with the creation of an Additional Series Pass Through Trust, together with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.
          “Additional Series Pass Through Trustee” means, with respect to any Additional Series Pass Through Trust, the trustee under the Additional Series Pass Through Trust Agreement for such Additional Series Pass Through Trust, in its capacity as pass through trustee thereunder.
          “Aircraft” has the meaning set forth in the second recital to the Note Purchase Agreement.
          “Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code §§101 et seq., as amended from time to time, or any successor statutes thereto.
          “Basic Pass Through Trust Agreement” means that certain Pass Through Trust Agreement, dated as of November 16, 2000, between the Company and U.S. Bank (as successor in interest to State Street Bank and Trust Company of Connecticut, National Association), as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms (but does not include any Trust Supplement).
          “Business Day” means any day other than a Saturday, a Sunday or a day on which commercial banks are required or authorized to close in New York, New York, Atlanta, Georgia, Boston, Massachusetts, Wilmington, Delaware or, if different from the foregoing, the city and state in which any Loan Trustee, any Pass Through Trustee or the Subordination Agent maintains its Corporate Trust Office or receives and disburses funds.
          “Certificated Air Carrier” means an air carrier holding an air carrier operating certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or registered to the extent required to fall within the purview of Section 1110.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-2

 

          “Certificates” has the meaning set forth in the third recital to the Note Purchase Agreement.
          “Citizen of the United States” has the meaning specified for such term in Section 40102(a)(15) of Title 49 of the United States Code or any similar legislation of the United States enacted in substitution or replacement therefor.
          “Class” means the class of Certificates issued by a Pass Through Trust.
          “Class A Certificates” means the Certificates issued by the Class A Pass Through Trust.
          “Class A Liquidity Facility” has the meaning set forth in the Intercreditor Agreement.
          “Class A Liquidity Provider” has the meaning set forth in the Intercreditor Agreement.
          “Class A Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement.
          “Class A Pass Through Trustee” has the meaning set forth in the fourth recital to the Note Purchase Agreement.
          “Class B Certificates” means the Certificates issued by the Class B Pass Through Trust.
          “Class B Liquidity Facility” has the meaning set forth in the Intercreditor Agreement.
          “Class B Liquidity Provider” has the meaning set forth in the Intercreditor Agreement.
          “Class B Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement.
          “Class B Pass Through Trustee” has the meaning set forth in the fourth recital to the Note Purchase Agreement.
          “Company” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
          “Corporate Trust Office” has the meaning set forth in Section 1.01 of the Intercreditor Agreement.
          “Cut-Off Date” means the earlier of:
Annex A to
Note Purchase Agreement
2009-1 EETC

A-3

 

          (a) the day after the Delivery Period Termination Date; and
          (b) the date on which a Triggering Event occurs.
          “Delivery Period Termination Date” means the earlier of:
          (a) December 31, 2010; and
          (b) the date on which Equipment Notes issued with respect to all of the Aircraft have been purchased by the Pass Through Trustees in accordance with the Note Purchase Agreement.
          “Deposits” has the meaning set forth in the fifth recital to the Note Purchase Agreement.
          “Deposit Agreements” has the meaning set forth in the fifth recital to the Note Purchase Agreement, subject to Section 5(f) of the Note Purchase Agreement.
          “Depositary” means, subject to Section 5(f) of the Note Purchase Agreement, The Bank of New York Mellon, a New York banking corporation.
          “Depositary Threshold Rating” has the meaning set forth in Section 5(a) of the Note Purchase Agreement.
          “Equipment Notes” means and includes any equipment notes issued under any Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Note Purchase Agreement and of such Indenture) and any Equipment Note issued under any such Indenture in exchange for or replacement of any other Equipment Note.
          “Escrow Agent” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
          “Escrow Agent Agreements” has the meaning set forth in Section 3(e)(i) of the Note Purchase Agreement.
          “Escrow and Paying Agent Agreements” has the meaning set forth in the fifth recital to the Note Purchase Agreement.
          “Existing Financing” has the meaning set forth in the second recital to the Note Purchase Agreement.
          “FAA” means the United States Federal Aviation Administration and any agency or instrumentality of the United States government succeeding to its functions.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-4

 

          “Financing Agreements” means, collectively, with respect to any Aircraft, the Participation Agreement, the Indenture and the Equipment Notes issued under such Indenture, in each case relating to such Aircraft.
          “Funding Date” has the meaning set forth in Section 1(b) of the Note Purchase Agreement.
          “Funding Notice” has the meaning set forth in Section 1(b) of the Note Purchase Agreement.
          “Government Entity” means (a) any federal, state, provincial or similar government, and any body, board, department, commission, court, tribunal, authority, agency or other instrumentality of any such government or otherwise exercising any executive, legislative, judicial, administrative or regulatory functions of such government or (b) any other government entity having jurisdiction over any matter contemplated by the Operative Agreements or relating to the observance or performance of the obligations of any of the parties to the Operative Agreements.
          “holder”, with respect to any Certificate, means the Person in whose name such Certificate is registered in the Register.
          “Indenture” means with respect to an Aircraft, an indenture and security agreement substantially in the form of the Indenture Form to which such Aircraft shall have been subjected, as such agreement may be amended, supplemented or otherwise modified from time to time.
          “Indenture Form” has the meaning set forth on Schedule III to the Note Purchase Agreement.
          “Initial Deposits” has the meaning set forth in the fifth recital to the Note Purchase Agreement.
          “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the Issuance Date, among the Pass Through Trustees, the Liquidity Providers and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms; provided that for purposes of any obligations of the Company, no amendment, modification or supplement to, or substitution or replacement of, such Intercreditor Agreement shall be effective unless consented to by the Company.
          “Issuance Date” means the date of the original issuance of the Certificates.
          “Liquidity Facilities” means, collectively, the Class A Liquidity Facility and the Class B Liquidity Facility.
          “Liquidity Providers” means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-5

 

          “Loan Trustee” means, with respect to any Aircraft, the “Loan Trustee” as defined in the Financing Agreements in respect of such Aircraft.
          “Manufacturer” means The Boeing Company, a Delaware corporation, and its successors and assigns.
          “Moody’s” means Xxxxx’x Investors Service, Inc.
          “Note Purchase Agreement” means the Note Purchase Agreement to which this Annex A is attached.
          “Notice of Purchase Withdrawal” with respect to each Deposit Agreement, has the meaning set forth in Section 2.3(a) of such Deposit Agreement.
          “Operative Agreements” means, collectively, each Pass Through Trust Agreement, the Note Purchase Agreement, each Escrow and Paying Agent Agreement, each Deposit Agreement, each Liquidity Facility, the Intercreditor Agreement, the Certificates and, with respect to each Aircraft in respect of which Equipment Notes shall have been issued, the Financing Agreements.
          “Participation Agreement” means with respect to an Aircraft, a participation agreement substantially in the form of the Participation Agreement Form relating to the financing of such Aircraft, as such agreement may be amended, supplemented or otherwise modified from time to time.
          “Participation Agreement Form” has the meaning set forth on Schedule III to the Note Purchase Agreement.
          “Pass Through Trust” has the meaning set forth in the third recital to the Note Purchase Agreement.
          “Pass Through Trust Agreement” means each of the two separate Trust Supplements referred to in the third recital to the Note Purchase Agreement, each dated as of the Issuance Date, by and between the Company and the Pass Through Trustee, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.
          “Pass Through Trustee” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
          “Paying Agent” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
          “Paying Agent Agreements” has the meaning set forth in Section 3(f)(i) of the Note Purchase Agreement.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-6

 

          “Person” means any individual, firm, partnership, joint venture, trust, trustee, Government Entity, organization, association, corporation, limited liability company, government agency, committee, department, authority and other body, corporate or incorporate, whether having distinct legal status or not, or any member of any of the same.
          “Rating Agencies” means, with respect to any Class of Certificates, collectively, at any time, each nationally recognized rating agency which shall have been requested to rate such Class of Certificates and which shall then be rating such Class of Certificates. The initial Rating Agencies with respect to the Class A Certificates and the Class B Certificates will be Moody’s and Standard & Poor’s.
          “Rating Agency Confirmation” means, in the case of any action or event that, pursuant to the express terms of the Note Purchase Agreement, requires a “Rating Agency Confirmation” with respect to any Class of Certificates in connection therewith, a written confirmation from each of the Rating Agencies then rating such Class of Certificates to the effect that such action or event would not result in (i) a reduction of the rating for such Class of Certificates by such Rating Agency below the then current rating for such Class of Certificates issued by such Rating Agency (before the downgrading of such rating, if any, as a result of the downgrading of the Depositary below the applicable Depositary Threshold Rating, if applicable) or (ii) a withdrawal or suspension of the rating of such Class of Certificates by such Rating Agency.
          “Register” means the register maintained pursuant to Sections 3.04 and 7.12 of the Basic Pass Through Trust Agreement with respect to each Pass Through Trust.
          “Replacement Deposit Agreement” means, for each Class of Certificates, a deposit agreement substantially in the form of the replaced Deposit Agreement for such Class of Certificates as shall permit the Rating Agencies to issue a Rating Agency Confirmation with respect to such Class of Certificates in connection with the replacement of the Depositary with the Replacement Depositary party to such deposit agreement.
          “Replacement Depositary” has the meaning set forth in Section 5(a) of the Note Purchase Agreement.
          “Required Terms” means the provisions set forth on Schedule III to the Note Purchase Agreement.
          “Section 1110” means Section 1110 of the Bankruptcy Code or any successor or analogous Section of the federal bankruptcy law in effect from time to time.
          “Series A Equipment Notes” means Equipment Notes issued under an Indenture and designated as “Series A” thereunder.
          “Series B Equipment Notes” means Equipment Notes issued under an Indenture and designated as “Series B” thereunder.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-7

 

          “Short-Term Rating” means, for any entity, (a) in the case of Moody’s, the short-term unsecured debt rating of such entity, and (b) in the case of Standard & Poor’s, the short-term issuer credit rating of such entity.
          “Standard & Poor’s” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business.
          “Subordination Agent” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
          “Taxes” means all license, recording, documentary, registration and other similar fees and all taxes, levies, imposts, duties, charges, assessments or withholdings of any nature whatsoever imposed by any Taxing Authority, together with any penalties, additions to tax, fines or interest thereon or additions thereto.
          “Taxing Authority” means any federal, state or local government or other taxing authority in the United States, any foreign government or any political subdivision or taxing authority thereof, any international taxing authority or any territory or possession of the United States or any taxing authority thereof.
          “Triggering Event” has the meaning assigned to such term in the Intercreditor Agreement.
          “Trust Supplement” means an agreement supplemental to the Basic Pass Through Trust Agreement pursuant to which (a) a separate trust is created for the benefit of the holders of the pass through certificates of a class, (b) the issuance of the pass through certificates of such class representing fractional undivided interests in such trust is authorized and (c) the terms of the pass through certificates of such class are established.
          “Underwriters” has the meaning set forth in the fourth recital to the Note Purchase Agreement.
          “Underwriting Agreement” has the meaning set forth in the fourth recital to the Note Purchase Agreement.
          “United States” means the United States of America.
          “U.S. Bank” has the meaning set forth in the first paragraph of the Note Purchase Agreement.
Annex A to
Note Purchase Agreement
2009-1 EETC

A-8

 

EXHIBIT A to
NOTE PURCHASE AGREEMENT
FORM OF FUNDING NOTICE
FUNDING NOTICE
Dated as of [                    ]
To each of the addressees listed
     in Schedule A hereto
      Re: Funding Notice in accordance with Note Purchase Agreement referred to below
Ladies and Gentlemen:
          Reference is made to the Note Purchase Agreement, dated as of November 24, 2009, among Delta Air Lines, Inc. (the “Company”), U.S Bank Trust National Association, as Pass Through Trustee under each of the Pass Through Trust Agreements (as defined therein) (the “Pass Through Trustee”), U.S. Bank Trust National Association, as Subordination Agent (the “Subordination Agent”), U.S. Bank National Association, as Escrow Agent (the “Escrow Agent”), and U.S. Bank Trust National Association, as Paying Agent (the “Paying Agent”) (as in effect from time to time, the “Note Purchase Agreement”). Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Note Purchase Agreement or, to the extent not defined therein, the Intercreditor Agreement.
          Pursuant to Section 1(b) of the Note Purchase Agreement, the undersigned hereby notifies you, in respect of the aircraft described in Schedule B hereto (the “Aircraft”), of the following:
(1)   The Funding Date of the Aircraft shall be [_______];
 
(2)   The Equipment Notes to be issued in respect of the Aircraft are described in Schedule C hereto, and the aggregate amount of each series of Equipment Notes to be issued, and purchased by the respective Pass Through Trustees referred to below, on the Funding Date, in connection with the financing of such Aircraft is as follows:
  (a)   the Class A Pass Through Trustee shall purchase Series A Equipment Notes in the amount of $[_______]; and
 
  (b)   the Class B Pass Through Trustee shall purchase Series B Equipment Notes in the amount of $[_______].
Note Purchase Agreement
2009-1 EETC

 

 

          The Company hereby instructs the Class A Pass Through Trustee to (i) execute a Withdrawal Certificate in the form of Annex A hereto dated as of [_______] and attach thereto a Notice of Purchase Withdrawal dated such date completed as set forth on Exhibit A hereto and (ii) deliver such Withdrawal Certificate and Notice of Purchase Withdrawal to the applicable Escrow Agent.
          The Company hereby instructs the Class B Pass Through Trustee to (i) execute a Withdrawal Certificate in the form of Annex A hereto dated as of [_______] and attach thereto a Notice of Purchase Withdrawal dated such date completed as set forth on Exhibit B hereto and (ii) deliver such Withdrawal Certificate and Notice of Purchase Withdrawal to the applicable Escrow Agent.
          The Company hereby instructs each Pass Through Trustee to (i) purchase Equipment Notes of the related series and in an amount set forth opposite such Pass Through Trustee in clause (2) above with a portion of the proceeds of the withdrawals of Deposits referred to in the applicable Notice of Purchase Withdrawal referred to above and (ii) re-deposit with the Depositary the excess, if any, of the amount so withdrawn over the purchase price of such Equipment Notes.
          The Company hereby instructs each Pass Through Trustee to (a) enter into the Participation Agreement (N[___]) dated as of [_______] among the Company and U.S. Bank Trust National Association, as Loan Trustee, Subordination Agent and each Pass Through Trustee, substantially in the form previously provided, (b) perform its obligations thereunder and (c) deliver such certificates, documents and legal opinions relating to such Pass Through Trustee as are required thereby.
         
Yours faithfully,


Delta Air Lines, Inc.
 		  
By:      
  Name:      
  Title:      
 
Note Purchase Agreement
2009-1 EETC

 

 

Schedule A to
Funding Notice
U.S. Bank Trust National Association, as
     Pass Through Trustee
300 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xail Code EX-DE-WDAW
Wixxxxxxxx, Xxxxxxxx 00000
Xttention: Corporate Trust Services
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
U.S. Bank Trust National Association, as
     Subordination Agent and Paying Agent
Onx Xxxxxxx Xxxxxx, 0xx Xxxxx
Xail Code EX-MA-FED
Boxxxx, Xxxxxxxxxxxxx 00000
Xttention: Corporate Trust Services
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
U.S. Bank National Association, as
     Escrow Agent
Onx Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Xttention: Corporate Trust Services
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
The Bank of New York Mellon, as
     Depositary
100 Xxxxxxx Xxxxxx, Xxxxx 0X
Xxx Xxxx, Xxx Xxxx 00000
Xttention: Corporate Finance, Xxxx Xxxxxxx, Vice President
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Standard & Poor’s Ratings Services
55 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xttention: Xxxxx Xxxxxx
Note Purchase Agreement
2009-1 EETC

 

 

Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Xxxxx’x Investors Service, Inc.
7 World Trade Center at 250 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xttention: Xxxxxxxx Xxxx, Vice President — Senior Analyst
     Airlines, Municipal Solid Waste, Shipping Sectors
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Note Purchase Agreement
2009-1 EETC

 

 

Schedule B to
Funding Notice
Aircraft
     One Boeing [Model] aircraft bearing U.S. Registration Xxxx                      and manufacturer’s serial number                      together with two [Engine Manufacturer and Model] engines bearing manufacturer’s serial numbers                      and                     .
Note Purchase Agreement
2009-1 EETC

 

 

Schedule C to
Funding Notice
Equipment Notes
             
Relevant Pass   Series of Equipment       Original Principal
Through Trustee   Notes   Equipment Note No.   Amount
Class A Pass Through Trustee   Series 2009-1A-N                       No. A-                       $                                        
             
Class B Pass Through Trustee   Series 2009-1B-N                       No. B-                       $                                        
Note Purchase Agreement
2009-1 EETC

 

 

Annex A to
Funding Notice
WITHDRAWAL CERTIFICATE
(Class [A][B])
U.S. Bank National Association,
as Escrow Agent
Onx Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Xttention: Corporate Trust Services
Reference: Delta Air Lines 0000-0 XXXX
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Ladies and Gentlemen:
          Reference is made to the Escrow and Paying Agent Agreement (Class [A][B]), dated as of November 24, 2009 (the “Agreement”). We hereby certify to you that the conditions to the obligations of the undersigned to execute a Participation Agreement pursuant to the Note Purchase Agreement have been satisfied. Pursuant to Section 1.02(c) of the Agreement, please execute the attached Notice of Purchase Withdrawal and immediately transmit by facsimile to the Depositary, at The Bank of New York Mellon, as Depositary, 100 Xxxxxxx Xxxxxx, Xxxxx 0X, Xxx Xxxx, Xxx Xxxx 00000, attention: Corporate Finance, Xxxx Xxxxxxx, Vice President, Reference: Delta Air Lines 0000-0 XXXX, telephone: (000) 000-0000, facsimile: (000) 000-0000.
          Capitalized terms used herein but not defined herein shall have the meanings set forth in the Agreement.
         
  Very truly yours,


U.S. BANK TRUST NATIONAL ASSOCIATION,
not in its individual capacity but solely as Pass
Through Trustee
 		  
  By:      
    Name:      
    Title:      
 
Dated: As of [                                , 20          ]
Note Purchase Agreement
2009-1 EETC

 

 

Exhibit A to
Funding Notice
NOTICE OF PURCHASE WITHDRAWAL
The Bank of New York Mellon,
as Depositary
100 Xxxxxxx Xxxxxx, Xxxxx 0X
Xxx Xxxx, Xxx Xxxx 00000
Xttention: Corporate Finance, Xxxx Xxxxxxx, Vice President
Reference: Delta Air Lines 0000-0X XXXX
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
Ladies and Gentlemen:
          Reference is made to the Deposit Agreement (Class A) dated as of November 24, 2009 (the “Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and The Bank of New York Mellon, as Depositary (the “Depositary”).
          In accordance with Section 2.3(a) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of the Deposit, $[_______], Account No. [_______].
The undersigned hereby directs the Depositary to pay the entire amount of the Deposit to [Delta Air Lines, Inc. at [_______]] [the Pass Through Trustee at [_______]]1 on [_______], 20___, upon the telephonic request of a representative of the Pass Through Trustee.
         
  U.S. BANK NATIONAL ASSOCIATION,
    as Escrow Agent
 		  
  By      
    Name:      
    Title:      
 
Dated: As of [                                , 20          ]
 
1   If there are any excess amounts that would need to be re-deposited pursuant to the applicable Funding Notice, the account to be specified here should be that of the Pass Through Trustee. If there are no such excess amounts, the account number to specified here should be that of Delta.
Note Purchase Agreement
2009-1 EETC

 

 

Exhibit B to
Funding Notice
NOTICE OF PURCHASE WITHDRAWAL
The Bank of New York Mellon,
as Depositary
100 Xxxxxxx Xxxxxx, Xxxxx 0X
Xxx Xxxx, Xxx Xxxx 00000
Xttention: Corporate Finance, Xxxx Xxxxxxx, Vice President
Reference: Delta Air Lines 0000-0X XXXX
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
Ladies and Gentlemen:
          Reference is made to the Deposit Agreement (Class B) dated as of November 24, 2009 (the “Deposit Agreement”) between U.S. Bank National Association, as Escrow Agent, and The Bank of New York Mellon, as Depositary (the “Depositary”).
          In accordance with Section 2.3(a) of the Deposit Agreement, the undersigned hereby requests the withdrawal of the entire amount of the Deposit, $[______], Account No. [___].
The undersigned hereby directs the Depositary to pay the entire amount of the Deposit to [Delta Air Lines, Inc. at [______]] [the Pass Through Trustee at [______]]2 on [______], 20___, upon the telephonic request of a representative of the Pass Through Trustee.
         
  U.S. BANK NATIONAL ASSOCIATION,
    as Escrow Agent
 		  
  By      
    Name:      
    Title:      
 
Dated: As of [                                , 20          ]
 
2   If there are any excess amounts that would need to be re-deposited pursuant to the applicable Funding Notice, the account to be specified here should be that of the Pass Through Trustee. If there are no such excess amounts, the account number to specified here should be that of Delta.
Note Purchase Agreement
2009-1 EETC

 

 

EXHIBIT B to
NOTE PURCHASE AGREEMENT
FORM OF PARTICIPATION AGREEMENT
[Filed separately as Exhibit 4.14]
Note Purchase Agreement
2009-1 EETC

 

 

EXHIBIT C to
NOTE PURCHASE AGREEMENT
FORM OF INDENTURE
[Filed separately as Exhibit 4.15]
Note Purchase Agreement
2009-1 EETC

 

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Filed: November 24th, 2009
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