EXHIBIT 10.20(c)
SECOND AMENDMENT
TO THE
REVOLVING CREDIT AGREEMENT
BY AND BETWEEN
TELEPHONE AND DATA SYSTEMS, INC. AND AERIAL OPERATING COMPANY, INC.
This Second Amendment (the "SECOND AMENDMENT") to the Revolving Credit Agreement
dated as of August 31, 1998, as amended November 3, 1998 (the "REVOLVING CREDIT
AGREEMENT") by and between Telephone and Data systems, Inc. ("TDS"), a Delaware
corporation, and Aerial Operating Company, Inc. (the "COMPANY"), a Delaware
corporation, is effective as of this 15th day of February, 1999.
WHEREAS TDS and the Company entered into the Revolving Credit Agreement;
WHEREAS TDS continues to own certain of the issued and outstanding shares of the
capital stock of Aerial Communications, Inc. (the "GUARANTOR"), which, in turn,
is the parent of the Company and guarantor of the Company's obligations under
the Notes and the Revolving Credit Agreement; and
WHEREAS, the Company has identified a need for funds on an earlier basis than
previously anticipated and TDS has agreed to accelerate funds for specified
purposes under terms more particularly set forth in the Revolving Credit
Agreement and as proposed to be amended hereby;
NOW, THEREFORE, in consideration of the premises set forth above, and for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound, TDS and the Company agree to
amend the Revolving Credit Agreement as follows:
1. Schedule I is hereby amended and restated in its entirety in the
form attached hereto.
All other terms and conditions of the Revolving Credit Agreement shall remain
unchanged and in full force and effect. All defined terms contained in the
Revolving Credit Agreement hereby are incorporated into this Second Amendment
and shall have the same meaning herein as in the Revolving Credit Agreement,
unless otherwise defined herein.
* * * * *
IN WITNESS WHEREOF, the parties hereto, by their duly authorized
representatives, have executed this Second Amendment to the Revolving Credit
Agreement, effective as of the date first written above.
TELEPHONE AND DATA SYSTEMS, INC. AERIAL OPERATING COMPANY, INC.
By: /S/ XXXXXX X. XXXXXX By: /S/ J. XXXXXX XXXXX
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Name: Xxxxxx X. Xxxxxx Name: J. Xxxxxx Xxxxx
Title: Executive Vice President-Finance Title: Vice President
Finance & Administration
Date: February 15, 1999 Date: February 17, 1999
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The Guarantor, without in any way establishing a course of dealing, as evidenced
by its signature below, hereby (i) consents to the execution and delivery of
this Amendment by the parties hereto, (ii) agrees that this Amendment shall not
limit or diminish the obligations of the Guarantor under the Guarantor's
unconditional and irrevocable guarantee of the Company's obligations of the
Notes and the Revolving Credit Agreement, (iii) reaffirms its obligations under
such guarantee, and (iv) agrees that its guarantee of such obligations remains
in full force and effect and is hereby ratified and confirmed.
AERIAL COMMUNICATIONS, INC.
By: /S/ J. XXXXXX XXXXX
-----------------------
Name: J. Xxxxxx Xxxxx
Title: Vice President
Finance & Administration
Date: February 17, 1999
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SCHEDULE I
TO
REVOLVING CREDIT AGREEMENT
PERIOD APPLICABLE MAXIMUM AMOUNT
------ -------------------------
November 30, 1998 through December 30, 1998 $585,000,000
December 31, 1998 through January 30, 1999 $615,000,000
January 31, 1999 through February 14, 1999 $625,000,000
February 15, 1999 and thereafter, thru April 2, 2000 $650,000,000
