EXHIBIT 4.19
SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE dated as of July 12, 2001, between Mpower
Communications Corp., a corporation duly organized and existing under the laws
of Nevada (the "Company"), Mpower Holding Corporation, a corporation duly
organized and existing under the laws of Delaware ("Holding") and HSBC Bank USA
(formerly known as Marine Midland Bank), as trustee (the "Trustee");
WHEREAS, the Company has heretofore executed and delivered to the
Trustee an indenture dated as of September 29, 1997 (the "Original Indenture"),
to provide for the issuance of its debt securities (the "Securities") under the
Original Indenture;
WHEREAS, the Company has heretofore executed and delivered to the
Trustee a First Supplemental Indenture dated as of May 31, 2000 (the "First
Supplemental Indenture"), eliminating certain of the covenants contained in the
Original Indenture;
WHEREAS, the 13% Senior Secured Notes due 2004 constitute the only
series of Securities (the "Notes") under the Original Indenture, as amended and
supplemented by the First Supplemental Indenture;
WHEREAS, Section 9.01 of the Original Indenture as amended and
supplemented by the First Supplemental Indenture provides, among other things,
that, without the consent of the holders of the Notes affected, the Company and
the Trustee may enter into indentures supplemental to the Original Indenture
for, among other things, to provide for the assumption of the Company's
obligations to holders of the Notes in case of a merger or consolidation or to
make any change that does not adversely affect the legal rights under the
Original Indenture, as amended and supplemented by the First Supplemental
Indenture, of any holder of the Notes;
WHEREAS, Section 5.01 of the Original Indenture, as amended and
supplemented by the First Supplemental Indenture, requires that the Company not
transfer "all or substantially all" of its properties or assets to another
Person unless, among other things, such Person assumes all of the obligations of
the Company under the Notes, the Original Indenture, as amended and supplemented
by the First Supplemental Indenture, the Pledge Agreement (as defined in the
Original Indenture) and the Security Agreement (as defined in the Original
Indenture); and
WHEREAS, the Company desires to transfer the capital stock of certain
of its subsidiaries which in the aggregate constitute "all or substantially all"
of the assets of the Company to Holding, its direct parent company; and
WHEREAS, in order to ensure that the transfer of the Subsidiaries fully
complies with Section 5.01 of the Original Indenture, as amended and
supplemented by the First Supplemental Indenture, Holding will assume, pursuant
to this Second Supplemental Indenture, all of the Company's obligations under
the Original Indenture, as amended and supplemented by the First Supplemental
Indenture, the Notes, the Pledge Agreement and the Security Agreement; and
WHEREAS, the Company desires and has requested the Trustee and Holding
to join in the execution and delivery of this Second Supplemental Indenture for
the purpose of amending the Original Indenture as amended and supplemented by
the First Supplemental Indenture.
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, it is mutually covenanted and agreed for the equal and
ratable benefit of all holders of the Notes as follows, effective upon execution
hereof by the Trustee:
ARTICLE ONE
AMENDMENTS TO ORIGINAL INDENTURE,
AS AMENDED AND SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE
Section 101 Assumption of Obligations by Holding. Upon the execution of
this Second Supplemental Indenture, Holding hereby assumes all the obligations
of the Company under the Original Indenture, as amended and supplemented by the
First Supplemental Indenture, the Notes, the Pledge Agreement and the Security
Agreement and Holding shall succeed to and may exercise every right and power of
the Company under the Original Indenture, as amended and supplemented by the
First Supplemental Indenture, the Notes, the Pledge Agreement and the Security
Agreement. Notwithstanding anything in the foregoing to the contrary, nothing in
this Second Supplemental Indenture shall relieve the Company of any of its
obligations under the Original Indenture, as amended and supplemented by the
First Supplemental Indenture, the Notes, the Pledge Agreement and the Security
Agreement.
ARTICLE TWO
MISCELLANEOUS PROVISIONS
Section 201 Execution as Supplemental Indenture. This Second
Supplemental Indenture is executed and shall be construed as an indenture
supplemental to the Original Indenture as amended and supplemented by the First
Supplemental Indenture and, as provided in the Original Indenture as amended and
supplemented by the First Supplemental Indenture, this Second Supplemental
Indenture forms a part thereof. Except as otherwise expressly defined herein,
the use of the terms and expressions herein is in accordance with the
definitions, uses and constructions contained in the Original Indenture as
amended and supplemented by the First Supplemental Indenture.
Section 202 Responsibility for Recitals, etc. The recitals herein shall
be taken as the statements of the Company, and the Trustee assumes no
responsibility for the correctness thereof. The Trustee makes no representations
as to the validity or sufficiency of this Second Supplemental Indenture.
Section 203 Provisions Binding on Company's and Holding's Successors.
All of the covenants, stipulations, promises and agreements made in this Second
Supplemental Indenture by the Company and Holding shall bind its successors and
assigns whether so expressed or not.
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Section 204 Governing Law. This Second Supplemental Indenture shall be
deemed to be a contract made under the laws of the State of New York and, for
all purposes, shall be construed in accordance with the laws of said State.
Section 205 Execution and Counterparts. This Second Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the
same instrument.
Section 206 Trust Indenture Act to Control. If and to the extent that
any provision of this Second Supplemental Indenture limits, qualifies, or
conflicts with another provision included in the Original Indenture as amended
and supplemented by the First Supplemental Indenture, and this Second
Supplemental Indenture which is required to be included in or is deemed to be
applicable to this Second Supplemental Indenture by any of Sections 310 to 317,
inclusive, of the Trustee Indenture Act of 1939, such required or other
applicable provision shall control.
Section 207 Capitalized Terms. Capitalized terms used and not defined
herein have the meanings ascribed to such terms in the Original Indenture as
amended and supplemented by the First Supplemental Indenture.
[Signature page follows on the next page]
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IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed as of the date first written above.
MPOWER COMMUNICATIONS CORP.
By:
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Name: Xxxxx X. Xxxx
Title: Chief Executive Officer
MPOWER HOLDING CORPORATION
By:
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Name: Xxxxx X. Xxxx
Title: Chief Executive Officer
HSBC BANK USA, as Trustee
By:
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Name:
Title:
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