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EXHIBIT 4.15
THIRD SUPPLEMENTAL INDENTURE
Third Supplemental Indenture, dated as of January 6, 1998, by and
among IXC Communications, Inc., a Delaware corporation (the "Company"), each of
the Guarantors listed on the signature pages hereto (the "Guarantors") and IBJ
Xxxxxxxx Bank & Trust Company, as trustee (the "Trustee"), under the Indenture
dated as of October 5, 1995, as amended by Amendment No. 1 to Indenture and
Subsidiary Guaranty dated as of June 4, 1996 and as supplemented by the First
Supplemental Indenture dated as of October 23, 1997 and the Second Supplemental
Indenture dated as of December 22, 1997 among the Company, the Guarantors, and
the Trustee (as amended and supplemented, the "Indenture") pursuant to which the
Company's 12 1/2% Senior Notes due 2005 (the "Senior Notes") were issued.
Capitalized terms used herein, but otherwise not defined herein, shall have the
meanings given to such terms in the Indenture.
WHEREAS, on August 2, 1996, the Company consummated its offer to
exchange (the "Exchange Offer") any and all of its outstanding Series A Senior
Notes for a like aggregate principal amount of Series B Senior Notes;
WHEREAS, certain affiliates and other holders of the Series A
Senior Notes (collectively the "Non-Exchanging Holders") were unable to or did
not participate in the Exchange Offer;
WHEREAS, at least one Non-Exchanging Holder has expressed a
desire to exchange its Series A Senior Notes for Series B Senior Notes in a
transaction outside of the Company's Exchange Offer;
WHEREAS, pursuant to Section 2.01 of the Indenture, the Series B
Senior Notes may be originally issued only in exchange for the Series A Senior
Notes pursuant to the Exchange Offer;
WHEREAS, the Boards of Directors of the Company and each of the
Guarantors have determined that it is in the best interest of the Company and
the Guarantors to authorize and approve an amendment to the Indenture in
accordance with subparagraph (d) of Section 901 of the Indenture in order to
allow the Company, upon request of a Holder of the Series A Senior Notes, to
exchange the Series A Senior Notes for a like principal amount of new securities
which are identical in all material respects to the Series B Senior Notes except
that such new securities will not be registered pursuant to an effective
registration statement under the Securities Act of 1933, as amended;
WHEREAS, Section 9.01 of the Indenture provides, among other
things, that the Company and the Trustee may amend or supplement the Indenture
as provided herein without the consent of any Holder to make any change that
does not adversely affect the legal rights thereunder of any Holder of the
Senior Notes;
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WHEREAS, all acts and proceedings required by law, the Indenture
and the charter documents of the Company necessary to constitute this Third
Supplemental Indenture as a valid and binding agreement for the uses and
purposes herein set forth, in accordance with its terms, have been done and
taken; and the execution and delivery of this Third Supplemental Indenture by
the Company and each of the Guarantors have been in all respects duly
authorized; and
WHEREAS, the Company has furnished the Trustee with (i) an
Officers' Certificate and an Opinion of Counsel stating that the conditions
precedent to the execution by the Trustee of this Third Supplemental Indenture
have been satisfied, (ii) resolutions of the Company and each of the Guarantors
authorizing the execution of the Third Supplemental Indenture, and (iii) a
request of the Company.
NOW, THEREFORE, each party hereto, for the equal and
proportionate benefit of the other parties hereto and the Holders, is executing
and delivering this Third Supplemental Indenture.
Section 1. Amendment of Section 2.01 of the Indenture. The third
paragraph of Section 2.01 of the Indenture is hereby amended to read in its
entirety as follows:
"All Senior Notes which shall be issued and authenticated on the
date of this Indenture shall be designated as the 12.50% Series A Senior
Notes due 2005 of the Company. The Series B Senior Notes shall be
designated as the 12.50% Senior Series B Notes due 2005 of the Company
and shall be identical in all material respects to the Series A Senior
Notes (except that the Series B Senior Notes will not contain the legend
set forth in Section 2.06(g)(i) manifesting the transfer restrictions).
The Series B Senior Notes shall be originally issued only in exchange
for the then outstanding Series A Senior Notes tendered at the option of
the Holders thereof pursuant to the Exchange Offer. Notwithstanding
anything in this Indenture to the contrary, upon request of a Holder of
Series A Senior Notes, the Company, in exchange for a like principal
amount of Series A Senior Notes, may issue new securities to such Holder
which are identical in all material respects to the Series B Senior
Notes except that such new securities will not be registered pursuant to
an effective registration statement under the Securities Act, and shall
contain the legend set forth in Section 2.06(g)(i) manifesting such
transfer restrictions."
Section 2. Amendment of Section 2.02 of the Indenture. Section 2.02 of
the Indenture is hereby amended to add a sixth paragraph to the end of Section
2.02 to read in its entirety as follows:
"Notwithstanding anything in this Indenture to the contrary, the
authority of the Trustee to authenticate Senior Notes includes the
authority
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to authenticate Series B Senior Notes to be issued in an exchange for a
like principal amount of Series A Senior Notes pursuant to the Exchange
Offer or otherwise in accordance with Section 2.01 hereof."
Section 3. Amendment of Section 4.09 of the Indenture. Paragraph (vii)
of the second sentence of Section 4.09 of the Indenture is hereby amended to
read in its entirety as follows:
"(vii) the issuance of the Series B Senior Notes in connection
with the Exchange Offer or otherwise in accordance with Section 2.01
hereof."
Section 4. Miscellaneous.
a. Effect of Third Supplemental Indenture. Upon the execution
and delivery of this Third Supplemental Indenture by the Company, the Guarantors
and the Trustee, the Indenture shall be supplemented in accordance herewith, and
this Third Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Senior Notes heretofore or hereafter authenticated
and delivered under the Indenture shall be bound hereby.
b. Indenture Remains in Full Force and Effect. Except as
supplemented hereby, all provisions in the Indenture shall remain in full force
and effect.
c. Ratification of Indenture. As amended by this Third
Supplemental Indenture, the Indenture is in all respects ratified and confirmed
and, as so supplemented by this Third Supplemental Indenture, shall be read,
taken and construed as one and the same instrument.
d. Confirmation and Preservation of Indenture. The Indenture as
supplemented by this Third Supplemental Indenture is in all respects confirmed
and preserved.
e. Conflict with Trust Indenture Act. If any provision of this
Third Supplemental Indenture limits, qualifies or conflicts with any provision
of the TIA that is required under the TIA to be part of and govern any provision
of this Third Supplemental Indenture, the provision of the TIA shall control. If
any provision of this Third Supplemental Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the provision of the
TIA shall be deemed to apply to the Indenture as so modified or to be excluded
by this Third Supplemental Indenture, as the case may be.
f. Severability. In case any provision in this Third
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.
g. Headings. The Section headings of this Third Supplemental
Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Third Supplemental Indenture and shall in no way
modify or restrict any of the terms or provisions hereof.
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h. Benefits of Third Supplemental Indenture, etc. Nothing in
this Third Supplemental Indenture or the Senior Notes, express or implied, shall
give to any Person, other than the parties hereto and thereto and their
successors hereunder and thereunder and the Holders of the Senior Notes, any
benefit of any legal or equitable right, remedy or claim under the Indenture,
this Third Supplemental Indenture or the Senior Notes.
i. Successors. All agreements of the Company and in this Third
Supplemental Indenture shall bind its successors. All agreements of the Trustee
in this Third Supplemental Indenture shall bind its successors.
j. The Trustee. In entering into this Third Supplemental
Indenture, the Trustee shall be entitled to the benefit of every provision of
the Indenture relating to the conduct or affecting the liability or affording
protection to the Trustee. The Trustee shall not be responsible in any manner
whatsoever for the recitals of fact herein, all of which are made by the Company
and the Guarantors.
k. Governing Law. The internal law of the State of New York
shall govern and be used to construe this Third Supplemental Indenture without
regard to principals of conflict of laws thereof.
l. Events of Default. To the extent provisions of the Indenture
have been deleted by this Third Supplemental Indenture, the Company is hereby
relieved of its obligations under such provisions and such provisions shall not
hereafter give rise to a Default or an Event of Default. To the extent
provisions of the Indenture have been amended by this Third Supplemental
Indenture, a Default or an Event of Default may arise hereafter under such
provisions only as amended.
m. The Effective Date. This Third Supplemental Indenture shall
become a legally effective and binding instrument upon the execution and
delivery hereof by all parties hereto.
n. Counterparts. This Third Supplemental Indenture may be
executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which so executed shall be deemed to be an original, but
all of such counterparts shall together constitute but one and the same
agreement.
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IN WITNESS WHEREOF, the parties hereto have caused this Third
Supplemental Indenture to be executed by their respective officers, thereunto
duly authorized and attested, all as of the day and year first above written.
"Company"
Attest: IXC COMMUNICATIONS, INC.,
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxx Name: Xxxxx X. Xxxxxxx
Title: Senior Vice President, Title: Executive Vice President and Chief
General Counsel and Secretary Financial Officer
"Guarantors"
ATLANTIC STATES MICROWAVE
TRANSMISSION COMPANY
CENTRAL STATES MICROWAVE
TRANSMISSION COMPANY
TELCOM ENGINEERING, INC.
TOWER COMMUNICATION SYSTEMS CORP.
WEST TEXAS MICROWAVE COMPANY
WESTERN STATES MICROWAVE
TRANSMISSION COMPANY
RIO GRANDE TRANSMISSION, INC.
IXC CARRIER, INC.
IXC LONG DISTANCE, INC.
LINK NET INTERNATIONAL, INC.
IXC INTERNATIONAL, INC.
Attest: IXC INTERNET SERVICES, INC.
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxx Name: Xxxxx X. Xxxxxxx
Title: Senior Vice President, Title: Executive Vice President and Chief
General Counsel and Secretary Financial Officer
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"Trustee"
Attest: IBJ XXXXXXXX BANK & TRUST
COMPANY
By: /s/ Xxxxxxx XxXxxxxxx By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx XxXxxxxxx Name: Xxxxxxx Xxxxxxx
Title: Assistant Secretary Title: Assistance Vice President
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