EXHIBIT 10.15
Confidential Treatment(1)
Amendment No. 1
to
Fiber Lease and Innerduct Use Agreement
by and between
Metromedia Fiber Network, Inc.
and
NEXTLINK Communications, Inc.
March 4, 1998
_________________
(1) Redacted portions have been marked with an asterisk (*). The redacted
portions are subject to a request for confidential treatment and has been
filed separately with the Securities and Exchange Commission.
AMENDMENT NO. 1
FIBER LEASE AND INNERDUCT USE AGREEMENT
This Amendment No. 1 is made and entered into as of the 4th day of March,
1998, by and between Metromedia Fiber Network, Inc., a Delaware corporation
("MFN"), and NEXTLINK Communications, Inc. ("NEXTLINK"), a Washington
corporation (either MFN or NEXTLINK being referred to in this Agreement as a
"Party", and collectively as the "Parties").
WHEREAS, the Parties entered into a Fiber Lease and Innerduct Use Agreement
dated as of February 23, 1998 (the "Agreement"); and
WHEREAS, the Parties desire to amend certain provisions thereof.
NOW THEREFORE, in consideration of the mutual agreements contained herein,
the Parties agree as follows:
1. All terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
2. The ninth sentence of Section 2.3 of the Agreement is hereby deleted
in its entirety and the following is substituted in lieu thereof:
"NEXTLINK shall, not later than the next business day after NEXTLINK's
Acceptance of the final segment of the Long-Haul Innerduct (as such
segments are set forth in Exhibit C), instruct the Escrow Agent (as defined
below) to release funds from escrow calculated at the rate of $64,150.94
per mile of Long-Haul Innerduct (a total of ***)."
3. The last sentence of Section 2.7 of the Agreement is hereby deleted in
its entirety and the following is substituted in lieu thereof:
"With respect to the NEXTLINK Fibers, not later than the business day
following the Acceptance Date for each segment of NEXTLINK Fibers, NEXTLINK
shall cause the Escrow Agent to release from escrow a portion of the funds
held by the Escrow Agent under the Escrow Agreement, in the amount
designated by the Parties (as such amounts are set forth in the applicable
Exhibit) corresponding to the segment being accepted by NEXTLINK. With
respect to the Long-Haul Innerduct, not later than the business day
following the Acceptance Date for the final segment of the Long-Haul
Innerduct, NEXTLINK shall cause the Escrow Agent to release from escrow
$***"
4. The fifth sentence of Section 3.1 of the Agreement is hereby deleted
in its entirety and the following is substituted in lieu thereof:
"If the Term is extended as provided in Section 2.1, the lease payment for
such extended term shall be 15% of the fiber lease payments set forth in
the Agreement, plus payment of MFN's maintenance charges at market rates
and increases in right-of-way fees."
5. The fourth sentence of Section 3.2 of the Agreement is hereby deleted
in its entirety.
6. The fifth sentence of Section 3.2 of the Agreement is hereby deleted
in its entirety and the following is substituted in lieu thereof:
"The balance of the funds in escrow shall be released from escrow upon
Acceptance by NEXTLINK of the final segment of the Long-Haul Innerduct (as
such segment is set forth on Exhibit C)."
7. Except as set forth in this Amendment No. 1, the Agreement shall
continue in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day
and year first above written.
METROMEDIA FIBER NETWORK, INC. NEXTLINK COMMUNICATIONS, INC.
By: /s/ Xxxxxx X. Xxxxxxxxxxx By: /s/ Xxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxxxxxx, President Xxxxx X. Xxxxxxx, President
