SUPPLEMENTAL INDENTURE
EXHIBIT 10.16
Supplemental
Indenture (this “Supplemental Indenture”) dated as of February 6,
2007, among, MetroPCS Massachusetts, LLC, a Delaware limited liability company (“MetroPCS
Massachusetts”), MetroPCS Nevada, LLC, a Delaware limited liability company (“MetroPCS Nevada”),
MetroPCS New York, LLC, a Delaware limited liability company (“MetroPCS New York”), MetroPCS
Pennsylvania, LLC, a Delaware limited liability company (“MetroPCS Pennsylvania”; and collectively
with MetroPCS Massachusetts, MetroPCS Nevada and MetroPCS New York, the “Guaranteeing
Subsidiaries”), each a subsidiary of MetroPCS Wireless, Inc. (or its permitted successor), a
Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the
Indenture referred to herein) and The Bank of New York Trust Company, N.A., as trustee under the
Indenture referred to below (the “Trustee”).
WITNESSETH
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture
(the “Indenture”), dated as of November 3, 2006 providing for the issuance of 9 1/4% Senior Notes
due 2014 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing
Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which
the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations
under the Notes and the Indenture on the terms and conditions set forth herein (the “Note
Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:
1.
Capitalized Terms. Capitalized terms used herein without definition shall
have the
meanings assigned to them in the Indenture.
2.
Agreement to Guarantee. The Guaranteeing Subsidiaries hereby agree to provide
an unconditional Guarantee on the terms and subject to the conditions set forth in the Note
Guarantee and in the Indenture, including but not limited to Article 10 thereof.
4.
No Recourse Against Others. No past, present or future director, officer, employee,
incorporator, stockholder or agent of the Guaranteeing Subsidiaries, as such, shall have any
liability for any obligations of the Company or any Guaranteeing Subsidiary under the Notes, any
Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by
accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes.
5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW
YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL
INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
6. Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
7. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.
8. The Trustee. The Trustee shall not be responsible in any manner whatsoever
for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries
and the Company.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be
duly executed and attested, all as of the date first above written.
Dated: February 6, 0000
XXXXXXXX XXXXXXXXXXXXX, LLC | ||||||
METROPCS NEVADA, LLC | ||||||
METROPCS NEW YORK, LLC | ||||||
METROPCS PENNSYLVANIA, LLC | ||||||
By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: Xxxxx X. Xxxxxxxx | ||||||
Title: President and Chief Executive Officer | ||||||
METROPCS WIRELESS, INC. | ||||||
By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: Xxxxx X. Xxxxxxxx | ||||||
Title: President and ChiefExecutive Officer | ||||||
METROPCS AWS, LLC METROPCS, INC. | ||||||
METROPCS CALIFORNIA, LLC | ||||||
METROPCS FLORIDA, LLC | ||||||
METROPCS GEORGIA, LLC | ||||||
METROPCS MICHIGAN, INC. | ||||||
METROPCS TEXAS, LLC | ||||||
GWIPCS1, INC. | ||||||
METROPCS COMMUNICATIONS, INC. | ||||||
By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: Xxxxx X. Xxxxxxxx | ||||||
Title: President and Chief Executive Officer | ||||||
The Bank of New York Trust Company, N.A., as Trustee |
||||||
By: | /s/ Xxxx Xxxxx, AVP | |||||
Authorized Signatory |