This excerpt taken from the DAL 8-K filed Jan 10, 2006.
ad hoc Committee, providing information to the Debtors counsel on a confidential basis, or taking any action required by this Order. Any Entity found by the Court to have violated the Participation Restriction willfully shall be required to dispose of Newly Traded Covered Claims of which such Entity has Tax Ownership (subject to the Equity Forfeiture Provision described in Section 6) to the extent necessary to protect the Debtors ability to effect successful implementation of the 382(l)(5) Plan. For the avoidance of doubt, (i) such Entity shall not be permitted to retain
Tax Ownership of any Newly Traded Covered Claims if a Sell Down Order has been or is subsequently issued pursuant to Section 4(c), and (ii) if a Claims Trading Notice Order has been issued pursuant to Section 4(e), such Entity shall only be permitted to retain Tax Ownership of Newly Traded Covered Claims to the extent that such retention would not impair the reasonable cushions referred to in Section 4(c). Prior to taking any action to enforce the foregoing two sentences, the Debtors shall consult with counsel for the Creditors Committee.
(c) Any Entity that for the first time enters into a transaction described in subsections (a)(i) or (a)(ii) of this Section 3 shall, no later than fifteen (15) calendar days following the transaction, serve on counsel for the Creditors Committee a notice in the form attached hereto as Exhibit B-1 (a Notice of Consent and such Entity a Consenting Claimholder); provided, however, that if the transaction occurs after the Debtors have filed a Reporting Notice with the Court pursuant to Section 4(a), the Consenting Claimholder shall serve the Notice of Consent on the Debtors, their counsel, and counsel for the Creditors Committee no later than five (5) calendar days following the transaction. An Entity may file a Notice of Consent at any time prior to entering into any transaction described in subsections (a)(i) or (a)(ii). Any Entity that does not wish to file a Notice of Consent may not enter into a transaction described in subsections (a)(i) or (a)(ii). For the avoidance of doubt, an Entity shall be required to file only one Notice of Consent.
4. Sell Down Procedures.