GUARANTEE
Exhibit 4.6
9 7/8% NOTES
This GUARANTEE (this “Guarantee”), dated as of ___, 2006, is entered into by
Sprint Nextel Corporation, a Kansas corporation (“Sprint Nextel”), in favor of each holder
(“Holder”) of the 9 7/8% Senior Notes due 2011 (the “Notes”), and The Bank of New
York, as Trustee under the Indenture referred to below (the “Trustee”).
WHEREAS, UbiquiTel Operating Company, a Delaware corporation (“UbiquiTel”), issued the
Notes pursuant to that certain Indenture, dated as of February 23, 2004, among UbiquiTel, UbiquiTel
Inc., as guarantor thereunder, and the Trustee, as amended by the First Supplemental Indenture,
dated as of ___, 2006, among UbiquiTel, UbiquiTel Inc., as guarantor thereunder, and the
Trustee (as so amended, the “Indenture”);
WHEREAS, UbiquiTel is a wholly-owned subsidiary of UbiquiTel Inc.
WHEREAS, UbiquiTel Inc. is a wholly-owned subsidiary of Sprint Nextel;
WHEREAS, the Board of Directors of Sprint Nextel has determined it to be in the best interest
of Sprint Nextel to guarantee all of UbiquiTel’s payment obligations under the Notes and all other
monetary obligations of UbiquiTel under the Indenture and the Notes;
WHEREAS, Sprint Nextel desires to enter into this Guarantee on the terms and conditions set
forth herein; and
WHEREAS, all capitalized terms used but not defined herein shall have the meanings given to
such terms in the Indenture.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Sprint Nextel hereby agrees as follows:
1. Sprint Nextel hereby jointly and severally, with any other Person who may also guarantee
the Guaranteed Obligations (defined below), unconditionally and irrevocably guarantees, on a senior
unsecured basis, as a primary obligor and not as a surety, to each Holder of Notes and to the
Trustee and its successors and assigns, the full and punctual payment when due, whether at
maturity, by acceleration, redemption or otherwise, of the principal of and interest on, if any,
the Notes, only if lawful, and all other monetary obligations of UbiquiTel under the Indenture,
insofar as such monetary obligations relate to the Notes (collectively, the “Guaranteed
Obligations”). Sprint Nextel further agrees that the Guaranteed Obligations may be extended or
renewed, in whole or in part, without notice or further assent from Sprint Nextel, and Sprint
Nextel shall remain bound under this Guarantee, notwithstanding any such extension or renewal.
Failing payment when due of any amount so guaranteed for whatever reason, Sprint Nextel will be
obligated to pay the same in full, or cause to be duly and punctually paid in full, without any
demand or notice whatsoever.
2. Sprint Nextel hereby waives presentation to, demand of payment from and protest to,
UbiquiTel of any of the Guaranteed Obligations, and also waives notice of protest for nonpayment.
Sprint Nextel also hereby waives notice of any default by UbiquiTel under the
Notes or the Indenture. Sprint Nextel agrees that its obligations under this Guarantee shall
be continuing, absolute, full and unconditional under any and all circumstances, to the fullest
extent permitted by applicable law, and shall not be discharged except by payment in full of the
Notes, irrespective of:
(a) the value, genuineness, regularity, validity, enforceability, avoidance,
subordination, discharge or disaffirmance of any of the Guaranteed Obligations, the Notes or
the Indenture, or the absence of any action to enforce the same;
(b) any extension or waiver, at any time or from time to time, without notice to Sprint
Nextel, of the time for compliance by UbiquiTel with any of its obligations under the Notes
or the Indenture;
(c) any substitution, release or exchange of any other guarantee of or security for any
obligations of UbiquiTel under the Notes or the Indenture;
(d) any recission, amendment or modification to any of the terms or provisions of the
Notes or the Indenture;
(e) any law, regulation or order of any jurisdiction affecting any term of any of the
Notes or the Indenture or the rights of any Holder of Notes or the Trustee with respect
thereto;
(f) any failure to obtain any authorization or approval from, or other action by, to
notify, or to file anything with, any governmental authority or regulatory body required in
connection with the performance of this Guarantee by Sprint Nextel;
(g) the failure by any Holder of Notes or the Trustee to assert any claim or demand or
to exercise any right or remedy against UbiquiTel or any other guarantor of the Guaranteed
Obligations or any other Person;
(h) the failure by any Holder of Notes or the Trustee to exercise any right or remedy
against any collateral securing any of the Guaranteed Obligations; or
(i) any other circumstance whatsoever that might otherwise constitute a defense to or a
legal or equitable discharge of Sprint Nextel’s obligations, in its capacity as guarantor,
under this Guarantee.
3. Sprint Nextel’s obligations under this Guarantee shall not be limited by any valuation,
estimation or disallowance made in connection with any proceedings filed by or against Sprint
Nextel under the United States Bankruptcy Code of 1978, as amended (the “Bankruptcy Code”),
whether pursuant to Section 502 of the Bankruptcy Code or any other section thereof. Sprint Nextel
further agrees that, in its capacity as guarantor, none of the Holders of Notes shall be under any
obligation to xxxxxxxx any assets in favor of or against or in payment of any or all of the
Guaranteed Obligations or the Notes. To the extent that Sprint Nextel makes a payment or payments
on any or all of the Guaranteed Obligations and such payment or payments (or any part thereof) is
or are subsequently invalidated, declared to be fraudulent or preferential, set aside or required
to be repaid to Sprint Nextel, its estate, trustee or
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receiver or any other party, including, without limitation, Sprint Nextel, under any
bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such
payment or repayment, the Guaranteed Obligations (or, if applicable, such part thereof as had been
paid, reduced or satisfied by such amount), shall be reinstated and revived and continued in full
force and effect as of the date such initial payment, reduction or satisfaction occurred. Sprint
Nextel waives all set-offs, counterclaims, reductions and diminutions of any obligation, and any
defense of any kind or nature (other than payment of the Guaranteed Obligations), that Sprint
Nextel may have or assert against UbiquiTel or any other Person, and all presentments, demands for
performance, notices of nonperformance, protests, notices of protest, notices of dishonor and
notices of acceptance of this Guarantee.
4. Sprint Nextel hereby unconditionally and irrevocably waives (a) any defense arising by
reason of any claim or defense based upon an election of remedies by any Holder of Notes that in
any manner impairs, reduces, releases or otherwise adversely affects the subrogation,
reimbursement, exoneration, contribution or indemnification rights of Sprint Nextel or other rights
of Sprint Nextel to proceed against UbiquiTel or any other guarantor or any other Person or
collateral, if any, and (b) any defense based on any right of set-off or counterclaim against or in
respect of the Guaranteed Obligations, the Notes or the Indenture.
5. Sprint Nextel hereby waives any right to which it may be entitled to have its obligations
under this Guarantee divided among it and other guarantors of the Guaranteed Obligations, if any,
such that Sprint Nextel’s obligations would be less than the full amount claimed. Sprint Nextel
hereby waives any right to which it may be entitled to have the assets of UbiquiTel or any other
Person who became an “obligor” under the Notes or the Indenture first be used and depleted as
payment of the obligations of UbiquiTel or such other Person, respectively, under the Notes and the
Indenture prior to any amounts being claimed from or paid by Sprint Nextel under this Guarantee.
Sprint Nextel hereby waives any right to which it may be entitled to require that suit be
instituted against UbiquiTel or any other guarantor of the Guaranteed Obligations or “obligor”
under the Notes or the Indenture prior to an action being initiated against Sprint Nextel. Sprint
Nextel further agrees that this Guarantee constitutes a guarantee of payment when due (and not a
guarantee of collection) and waives any right, in its capacity as guarantor, to require that any
resort be had by any Holder of Notes or the Trustee to any security held for payment of the
Guaranteed Obligations.
6. The failure to endorse a notation of this Guarantee on any Note shall not affect or impair
the validity thereof.
7. Sprint Nextel’s obligations under this Guarantee shall not be affected if any Holder of
Notes is precluded for any reason (including, without limitation, the application of the automatic
stay under Section 362 of the Bankruptcy Code) from enforcing or exercising any right or remedy
with respect to the Notes, and Sprint Nextel shall pay to each affected Holder of Notes, upon
demand, the amount that would otherwise have been due and payable had the exercise of such rights
and remedies been permitted. In the event of any such application of the automatic stay under
Section 362 of the Bankruptcy Code, the Notes shall forthwith become due and payable by Sprint
Nextel for purposes of this Guarantee.
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8. Sprint Nextel hereby agrees that, unless and until all obligations with respect to the
Notes and the Indenture have been paid in full, in its capacity as guarantor, it shall have no
right (whether direct or indirect) of subrogation (whether contractual, under Section 509 of the
Bankruptcy Code or otherwise) to the claims of any Holder of Notes or the Trustee against UbiquiTel
or any other Person who became an “obligor” under the Notes or the Indenture in respect of any
obligation with respect to the Notes or the Indenture, notwithstanding any payment or payments made
by Sprint Nextel hereunder or any set-off or application of funds of Sprint Nextel or by the Holder
of Notes; and Sprint Nextel hereby waives all contractual, statutory and common law rights of
reimbursement, contribution or indemnity it may have against UbiquiTel or any other such Person, as
the case may be, and any and all other rights of payment or recovery from UbiquiTel or any other
such Person, as the case may be, that it may now have or hereafter acquire until all Notes and all
obligations under the Indenture in respect of the Notes have been paid in full (in which event such
rights of payment or recovery shall be deemed to be in the form of a loan or loans made from Sprint
Nextel to UbiquiTel or any other such Person, as the case may be). Sprint Nextel further agrees
that as between Sprint Nextel, on the one hand, and the Holders of Notes and the Trustee, on the
other hand, (a) the maturity of the Notes guaranteed hereby may be accelerated as provided in
Article 6 of the Indenture for the purpose of this Guarantee, notwithstanding any stay, injunction
or other prohibition preventing such acceleration in respect of the Notes guaranteed pursuant to
this Guarantee, and (b) in the event of any declaration of acceleration of such Notes as provided
in Article 6 of the Indenture, such Notes (whether or not due and payable) will forthwith become
due and payable by Sprint Nextel for the purpose of this Guarantee.
9. Except as otherwise specifically provided in Section 12 hereof with respect to the release
of Sprint Nextel from this Guarantee, this Guarantee shall remain in full force and effect and be
binding in accordance with and to the extent of its terms upon Sprint Nextel and the successors
thereof, and shall inure to the benefit of (and be enforceable by) the Trustee and the Holders of
Notes from time to time, or their respective successors or assignees, until the Indenture shall
have been satisfied and discharged in accordance with the terms thereof, and the principal of and
interest, if any, on the Notes, and the obligations of Sprint Nextel in respect of the Guaranteed
Obligations, have been satisfied by payment in full.
10. Payments made by Sprint Nextel pursuant to this Guarantee will be made to each Holder of
Notes in the same manner, and to the same location, as payments to such Holder of Notes are
required to be made pursuant to the provisions of the Indenture.
11. Sprint Nextel shall pay all reasonable costs and expenses (including reasonable attorneys’
fees and expenses) paid or incurred by the Trustee or any Holder of Notes in connection with the
enforcement of this Guarantee or any other rights of the Trustee or such Holder of Notes under the
Notes or the Indenture with respect to this Guarantee and the prosecution or defense of any action
by or against any of the Holder of Notes in connection with this Guarantee or the Indenture with
respect to this Guarantee, whether involving Sprint Nextel or any other Person, including a trustee
in bankruptcy; provided, however, that Sprint Nextel shall have no such obligation
in connection with any action brought by any Holder of Notes against Sprint Nextel or UbiquiTel to
the extent that Sprint Nextel or UbiquiTel is the prevailing party in the judgment rendered in any
such action; and provided, further, that Sprint Nextel shall
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not be responsible for the fees and expenses of more than one firm of attorneys (in addition
to any required local counsel).
12. Sprint Nextel may be released from this Guarantee upon the sale or other transfer of the
capital stock of UbiquiTel or of all or substantially all of the assets of UbiquiTel to an entity
that is not Sprint Nextel or a Subsidiary of Sprint Nextel, which release shall be effective (a)
only upon (1) the execution and delivery by such transferee of a guarantee of the Guaranteed
Obligations, in form and substance substantially similar to this Guarantee, in favor of each Holder
of Notes and the Trustee, and (2) written notice by Sprint Nextel to the Trustee accompanied by an
Officer’s Certificate certifying as to compliance with this Section 12, and (b) without any further
action on the part of the Trustee or any Holder of Notes. Upon any such release in compliance with
the above requirements, the Trustee shall deliver an appropriate instrument evidencing such
release. Any actions taken pursuant to this Section 12 shall not release UbiquiTel as a primary
obligor under the Indenture or the Notes.
13. Any invalidity or unenforceability of any provision or application of this Guarantee shall
not affect other lawful provisions and applications hereof, and to this end the provisions of this
Guarantee are declared to be severable. Except as otherwise provided herein, this Guarantee may
not be waived, amended, released or otherwise changed except with the consent of Sprint Nextel and
not less than a majority in aggregate principal amount of the then outstanding Notes.
14. This Guarantee shall be construed according to the laws of the State of New York without
regard to conflicts of laws principles.
[Remainder of Page Blank – Signature Page Follows]
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9 7/8% NOTES
IN WITNESS WHEREOF, the undersigned has duly executed this Guarantee as of the date first
written above.
| SPRINT NEXTEL CORPORATION |
||||
| By: | ||||
| Xxxx X. Xxxxx | ||||
| Chief Financial Officer | ||||
