JOINDER AGREEMENT
EXHIBIT 4.2
October 19, 2005
U.S. Bank National Association
Attention: Corporate Trust Administration
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Xx. Xxxx, Xxxxxxxxx 00000-0000
Attention: Corporate Trust Administration
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Xx. Xxxx, Xxxxxxxxx 00000-0000
Ladies and Gentlemen:
Reference is made to that certain security agreement (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Security Agreement;” capitalized
terms used but not otherwise defined herein shall have the meanings assigned to such terms in the
Security Agreement), dated as of September 30, 2004, made by US LEC CORP., a Delaware corporation
(the “Company”), the Guarantors party thereto and U.S. BANK NATIONAL ASSOCIATION, a
national banking organization, as trustee (in such capacity and together with any successors in
such capacity, the “Trustee”).
This letter supplements the Security Agreement and is delivered by the undersigned, US LEC of
New York Inc., a North Carolina corporation (the “New Pledgor”), pursuant to Section
3.5 of the Security Agreement. The New Pledgor hereby agrees to be bound as a Guarantor and as
a Pledgor by all of the terms, covenants and conditions set forth in the Security Agreement to the
same extent that it would have been bound if it had been a signatory to the Security Agreement on
the execution date of the Security Agreement. The New Pledgor also hereby agrees to be bound as a
party by all of the terms, covenants and conditions applicable to it set forth in the Indenture to
the same extent that it would have been bound if it had been a signatory to the Indenture on the
execution date of the Indenture. Without limiting the generality of the foregoing, the New Pledgor
hereby grants and pledges to the Trustee, as collateral security for the full, prompt and complete
payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the
Obligations, a Lien on and security interest in, all of its right, title and interest in, to and
under the Pledged Collateral and expressly assumes all obligations and liabilities of a Guarantor
and Pledgor thereunder. The New Pledgor hereby makes each of the representations and warranties
and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement
and the Indenture.
Annexed hereto are supplements to each of the schedules to the Security Agreement and the
Indenture, as applicable, with respect to the New Pledgor. Such supplements shall be deemed to be
part of the Security Agreement or the Indenture, as applicable.
This agreement and any amendments, waivers, consents or supplements hereto may be executed in
any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed to be an original, but all such counterparts
together shall constitute one and the same agreement.
THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the New Pledgor has caused this letter agreement to be executed and
delivered by its duly authorized officer as of the date first above written.
US LEC OF NEW YORK INC. | ||||||
By: | /s/ J. Xxxx Xxxxxxx | |||||
Name: J. Xxxx Xxxxxxx | ||||||
Title: Executive Vice President and Chief Financial Officer |
AGREED TO AND ACCEPTED: | ||||
U.S. BANK NATIONAL ASSOCIATION, | ||||
as Trustee |
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By: |
/s/ X. Xxxxxxxx | |||
Title: Vice President |