EXHIBIT 10.11.1
AMENDMENT NO. 1
TO
CREDIT AGREEMENT
BY AND AMONG
CRICKET COMMUNICATIONS, INC.
(AS LENDER)
AND
ALASKA NATIVE BROADBAND 1 LICENSE, LLC
(AS BORROWER)
AND
ALASKA NATIVE BROADBAND 1, LLC
(AS GUARANTOR)
January 26, 2005
AMENDMENT NO. 1 TO CREDIT AGREEMENT
This Amendment No. 1 to Credit Agreement ("AMENDMENT NO. 1") is entered
into as of January 26, 2005, by and among Cricket Communications, Inc., a
Delaware corporation ("LENDER"), Alaska Native Broadband 1 License, LLC, a
Delaware limited liability company ("BORROWER"), and Alaska Native Broadband 1,
LLC, a Delaware limited liability company ("GUARANTOR," and together with
Borrower, the "LOAN PARTIES").
RECITALS
WHEREAS, Lender and each of the Loan Parties entered into that certain
Credit Agreement dated as of December 22, 2004 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the "CREDIT
AGREEMENT"); and
WHEREAS, Lender and each of the Loan Parties desire to amend the Credit
Agreement to increase the Acquisition Sub-Limit, the Build-Out Sub-Limit, and
the Loan Commitment Amount.
AGREEMENT
NOW THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto agree as follows:
Section 1. The definitions for the terms "Acquisition Sub-Limit,"
"Build-Out Sub-Limit," and "Loan Commitment Amount" shall be deleted in their
entirety and replaced with the following definitions:
"'ACQUISITION SUB-LIMIT' shall mean $84.5 million, which shall be used
solely to participate in the Auction and to pay the net winning bids for
licenses for which Borrower is the Winning Bidder, including to make any
required deposits or down payments to the FCC in connection therewith."
"'BUILD-OUT SUB-LIMIT' shall mean an amount equal to $4.5 million, which
shall be used by Borrower to fund the Build-Out and initial operation of
the ANB-1 License Systems, including payment of management fees, if any, to
ANB and Cricket; provided, however, that in the event the Required Capital
Contributions have not been fully expended by Borrower in paying to the FCC
the amount of the net winning bids for Licenses for which it was the
Winning Bidder and any Auction-related bid withdrawal payments, the
Build-Out Sub-Limit shall be reduced by the amount of the unused portion of
the Required Capital Contributions."
"'LOAN COMMITMENT AMOUNT' shall mean the aggregate sum of (a) the
Acquisition Sub-Limit and (b) the Build-Out Sub-Limit, which aggregate sum
in no event shall exceed $89.0 million."
Section 2. Except as expressly amended hereby, the Credit Agreement remains
in full force and effect in accordance with its terms.
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IN WITNESS WHEREOF, the parties hereto have signed this Amendment No. 1 to
Credit Agreement, or have caused this Amendment No. 1 to Credit Agreement to be
signed in their respective names by an officer, hereunto duly authorized, on the
date first written above.
CRICKET COMMUNICATIONS, INC. ALASKA NATIVE BROADBAND 1
LICENSE, LLC
By: By Alaska Native Broadband 1, LLC
--------------------------------- Its sole member
Name:
------------------------------- By Alaska Native Broadband, LLC
Title: Its Manager
------------------------------
By ASRC Wireless Services, Inc.,
Its Manager
By:
------------------------------------
Name: Xxxxxx Xxxxx
Title: President
ALASKA NATIVE BROADBAND 1, LLC
By Alaska Native Broadband, LLC
Its Manager
By ASRC Wireless Services, Inc.,
Its Manager
By:
------------------------------------
Name: Xxxxxx Xxxxx
Title: President
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