Deletion and Addition of Certain Definitions. Upon the occurrence of (i) the execution of this First Supplemental Indenture by the Trustee and the Issuer and (ii) the later of (a) the effective time of the McLeodUSA Merger and (b) twenty (20) business days following commencement by McLeodUSA of an exchange offer to acquire all of the outstanding Notes in exchange for notes of McLeodUSA having the same interest rate, payment, maturity and redemption terms as the Notes but otherwise having terms substantially similar to the 8 1/8% Senior Notes due 2009 of McLeodUSA ("Covenant Amendment Effective Time"), Sections 1.01 and 1.02 of the Indenture shall be amended by deleting the definition of each term that is used in the Indenture only in the Articles, Sections or Subsections thereof that are deleted pursuant to Section 3.02 hereof, and by adding the following to Section 1.01:
Appears in 4 contracts
Samples: Indenture (Caprock Communications Corp), Indenture (McLeodusa Inc), Caprock Communications Corp
