AMENDMENT NO. 3 to CREDIT AGREEMENT BY AND AMONG CRICKET COMMUNICATIONS, INC (AS LENDER) AND DENALI SPECTRUM LICENSE, LLC (AS BORROWER) AND DENALI SPECTRUM, LLC DENALI SPECTRUM OPERATIONS, LLC DENALI SPECTRUM LICENSE SUB, LLC (AS GUARANTORS) Dated as...
EXECUTION COPY
EXHIBIT 10.4.4
AMENDMENT NO. 3
to
BY AND AMONG
CRICKET COMMUNICATIONS, INC
(AS LENDER)
(AS LENDER)
AND
DENALI SPECTRUM LICENSE, LLC
(AS BORROWER)
(AS BORROWER)
AND
DENALI SPECTRUM, LLC
DENALI SPECTRUM OPERATIONS, LLC
DENALI SPECTRUM LICENSE SUB, LLC
(AS GUARANTORS)
DENALI SPECTRUM OPERATIONS, LLC
DENALI SPECTRUM LICENSE SUB, LLC
(AS GUARANTORS)
Dated as of March 6, 2008
AMENDMENT NO. 3 TO CREDIT AGREEMENT
AMENDMENT NO. 3 TO CREDIT AGREEMENT, dated as of March 6, 2008, among CRICKET COMMUNICATIONS,
INC., a Delaware corporation (“Cricket”) (as Lender), DENALI SPECTRUM LICENSE, LLC, a Delaware
limited liability company (the “License Company”) (as Borrower), DENALI SPECTRUM, LLC, a Delaware
limited liability company (“Denali Spectrum”), DENALI SPECTRUM OPERATIONS, LLC, a Delaware limited
liability company (“Operations Sub”) and DENALI SPECTRUM LICENSE SUB, LLC, a Delaware limited
liability company (“License Sub”) (each of Denali Spectrum, Operations Sub and License Sub, a
“Guarantor” and collectively, the “Guarantors”).
RECITALS
WHEREAS, Cricket, the License Company and Denali Spectrum entered into that certain Credit
Agreement by and among Cricket Communications, Inc., Denali Spectrum License, LLC and Denali
Spectrum, LLC, dated as of July 13, 2006 and as amended by Amendment No. 1 to Credit Agreement,
dated as of September 28, 2006 and Amendment No. 2 to Credit Agreement dated as of April 16, 2007
(collectively, the “Credit Agreement”);
WHEREAS, Operations Sub and License Sub each entered into a Borrower Subsidiary Guaranty with
Cricket, dated as of November 20, 2006, thereby becoming a guarantor of the License Company’s
obligations under the Credit Agreement;
WHEREAS, Cricket, the License Company, Denali Spectrum, Operations Sub and License Sub desire
to further amend the Credit Agreement as set forth herein; and
WHEREAS, the parties agree that no regulatory approval of this Amendment No. 3 to Credit
Agreement is required.
AGREEMENT
NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto
agree as follows:
Section 1. Paragraph (c) of the definition of “Permitted Lien” is hereby amended by
replacing the amount “$1,000,000” with the amount “$7,500,000”.
Section 2. Section 6.9(b) of the Credit Agreement is hereby amended by replacing the
amount “$5.0 million” with the amount “$20.0 million”.
Section 3. Section 6.9(h) of the Credit Agreement is hereby amended by replacing the
amount “$2.5 million” with the amount “$5.0 million”.
Section 4. Except as expressly amended hereby, the Credit Agreement remains in full
force and effect in accordance with its terms.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have signed this Amendment No. 3 to Credit Agreement,
or have caused it to be signed in their respective names by an officer, hereunto duly authorized,
on the date first written above.
CRICKET COMMUNICATIONS, INC., | ||||
as Lender | ||||
By:
|
/s/ S. XXXXXXX XXXXXXXXX | |||
Name:
|
S. Xxxxxxx Xxxxxxxxx | |||
Title:
|
CEO |
DENALI SPECTRUM LICENSE, LLC, as Borrower |
||
By
|
Denali Spectrum, LLC | |
Its sole member | ||
By
|
Denali Spectrum Manager, LLC | |
Its Manager | ||
By
|
Xxxxx, Limited, | |
Its Manager |
By: | /s/ XXXXX XXXX | |||||
Name: Title: |
Xxxxx Xxxx Interim President/CEO |
DENALI SPECTRUM, LLC, as Guarantor |
||||||
By | Denali Spectrum Manager, LLC Its Manager |
|||||
By | Xxxxx, Limited, Its Manager |
By: | /s/ XXXXX XXXX | |||||
Name: Title: |
Xxxxx Xxxx Interim President/CEO |
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IN WITNESS WHEREOF, the parties hereto have signed this Amendment No. 3 to Credit Agreement,
or have caused it to be signed in their respective names by an officer, hereunto duly authorized,
on the date first written above.
DENALI SPECTRUM OPERATIONS, LLC, as Guarantor |
DENALI SPECTRUM LICENSE SUB, LLC, as Guarantor |
|||||||||
By
|
Denali Spectrum License, LLC, | By | Denali Spectrum License, LLC, | |||||||
Its sole member | Its sole member | |||||||||
By
|
Denali Spectrum, LLC, | By | Denali Spectrum, LLC, | |||||||
Its sole member | Its sole member | |||||||||
By
|
Denali Spectrum Manager, LLC, | , | By | Denali Spectrum Manager, LLC, | ||||||
Its Manager | Its Manager | |||||||||
By
|
Xxxxx, Limited, | By | Xxxxx, Limited, | |||||||
Its Manager | Its Manager |
By:
|
/s/ XXXXX XXXX | By: | /s/ XXXXX XXXX | |||||
Name:
|
Xxxxx Xxxx | Name: | Xxxxx Xxxx | |||||
Title:
|
Interim President/CEO | Title: | Interim President/CEO |
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