LETTER AMENDMENT
EXHIBIT 10.5.3
LETTER AMENDMENT
October 12, 2006
To the Lenders party to the
Credit Agreement referred to below
Credit Agreement referred to below
Gentlemen:
We refer to the Bridge Credit Agreement dated as of August 8, 2006 (the “Credit Agreement”)
among the undersigned, you and Citicorp North America, Inc., as administrative agent. Capitalized
terms used herein and not otherwise defined herein shall have the meanings set forth in the Credit
Agreement.
It is hereby agreed by you and us as follows:
(a) The definition of “Interest Period” contained in Section 1.01 of the Credit
Agreement is amended by inserting the words “one week or” immediately following the word
“date” and prior to the words “one, two or three”.
(b) The definition of “Fee Letters” contained in Section 1.01 of the Credit Agreement is
amended and restated in its entirety as follows:
“Fee Letters” means, collectively, (a) the Bridge Engagement Letter,
dated July 31, 2006, among Holdings, the Borrower, CNAI, CGMI and
GSCP and (b) the Bridge Fee Letter dated August 8, 2006 among
Holdings, the Borrower, CGMI, Xxxxxxx, Xxxxx & Co., Banc of America
Bridge LLC, Deutsche Bank AG Cayman Islands Branch and Xxxxxx
Xxxxxxx Senior Funding, Inc.
(c) The table of contents listing of Schedule II’s title is amended and restated in its
entirety as follows:
“Existing Letters of Credit”
(d) Subclause (a) of the proviso contained in the definition of “Second Closing Date”,
which definition is contained in Section 1.01 of the Credit Agreement, is amended by
deleting the words “First Closing Date” and inserting in their place the words “Initial
Closing Date”.
(e) Subclause (iii) of the proviso contained in Section 2.05(a) of the Credit Agreement
is amended by deleting the words “First Closing Date” and inserting in their place the words
“Initial Closing Date”.
On and after the effective date of this letter amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement, and each reference in the Notes to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference
to the Credit Agreement as amended by this letter amendment. The Credit Agreement, as amended by
this letter amendment, is and shall continue to be in full force and effect and is hereby in all
respects ratified and confirmed.
If you agree to the terms and provisions hereof, please evidence such agreement by executing
and returning a copy of the counterpart of this letter by 5:00pm (New York City time) on Friday,
October 13, 2006 by pdf attachment to xxxxxxx@xxxxxxxx.xxx or by facsimile to 000-000-0000,
followed by eight (8) counterparts of this letter amendment sent by mail or
courier to Shearman & Sterling LLP, 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention
of Xxxxxxxx Xxxxxx. This letter amendment shall become effective as of the date first above
written when and if counterparts of this letter amendment shall have been executed by us and you.
This letter amendment may be executed in any number of counterparts and by any combination of
the parties hereto in separate counterparts, each of which counterparts shall be an original and
all of which taken together shall constitute one and the same letter amendment, and this letter
amendment shall be governed by the laws of the State of New York.
[SIGNATURE PAGES FOLLOW]
2
Very truly yours, CRICKET COMMUNICATIONS, INC. |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Name: | Xxxx X. Xxxxxx | |||
Title: | VP Finance | |||
LEAP WIRELESS INTERNATIONAL, INC. |
||||
By: | /s/ Xxxx X. Xxxxxx | |||
Name: | Xxxx X. Xxxxxx | |||
Title: | VP Finance | |||
Accepted and agreed: CITICORP NORTH AMERICA, INC., as Administrative Agent and as a Lender |
||||
By: | /s/ Xxxx XxxXxxxxx | |||
Name: | Xxxx XxxXxxxxx | |||
Title: | Managing Director and Vice President | |||
Accepted and agreed: XXXXXXX SACHS CREDIT PARTNERS L.P., as a Lender |
||||
By: | /s/ Illegible | |||
Name: | ||||
Title: | Authorized signatory Xxxx Xxxxxxxxx |
Accepted and agreed: BANC OF AMERICA BRIDGE LLC, as a Lender |
||||
By: | /s/ X. X. Xxxx | |||
Name: | Xxxx Xxxx | |||
Title: | Managing Director | |||
Accepted and agreed: DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as a Lender |
||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Director |
By: | /s/ X. Xxxxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxxxx | |||
Title: | Director | |||
Accepted and agreed: XXXXXX XXXXXXX SENIOR FUNDING, INC., as a Lender |
||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | VP | |||