Contract
Exhibit (4)(c)(2)
SUPPLEMENT
NO.1 dated as of December 14, 2007, to the Guaranty dated as of November 16,
2007, among ALLTEL CORPORATION, a Delaware corporation (“Parent”), ALLTEL
COMMUNICATIONS, INC., a Delaware corporation (“Borrower”), certain
subsidiaries of
Parent from time to time party hereto (collectively, “Subsidiaries” and,
individually, “Subsidiary”), and CITIBANK,
N.A., as Administrative Agent (as defined below).
A.
Reference is made to (i) Credit Agreement dated as of November 16, 2007 (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Borrower, Parent, Citibank, N.A., as Administrative Agent, Swing Line Lender,
and L/C Issuer, and each lender from time to time party thereto (collectively,
the “Lenders” and
individually, a “Lender”), (ii) each Secured
Hedge Agreement, and (iii) the Cash Management Obligations.
B.
Capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Credit Agreement.
C.
The Guarantors have entered into the Guaranty in order to induce (i) the Lenders
to make Loans and the L/C Issuers to issue Letters of Credit, (ii) the Hedge
Banks to enter into and/or maintain Secured Hedge Agreements and (iii) the
Cash
Management Banks to provide Cash Management Services. Section 4.14 of the
Guaranty provides that additional Material Domestic Subsidiaries of the Borrower
may become Guarantors under the Guaranty by execution and delivery of an
instrument in the form of this Supplement. The undersigned Material Domestic
Subsidiary (the “New
Subsidiary”) is executing this Supplement in accordance with the
requirements of the Credit Agreement to become a Guarantor under the Guaranty
in
order to induce (A) the Lenders to make additional Loans and the L/C Issuers
to
issue additional Letters of Credit, (B) the Hedge Banks to enter into and/or
maintain Secured Hedge Agreements and (C) the Cash Management Banks to provide
Cash Management Services and as consideration for (x) Loans previously made
and
Letters of Credit previously issued, (y) Secured Hedge Agreements previously
entered into and/or maintained and (z) Cash Management Services previously
provided.
Accordingly,
the Administrative Agent and the New Subsidiary agree as follows:
SECTION
1. In accordance with Section 4.14 of the Guaranty, the New
Subsidiary by its signature below becomes a Guarantor under the Guaranty with
the same force and effect as if originally named therein as a Guarantor and
the
New Subsidiary hereby (a) agrees to all the terms and provisions of the Guaranty
applicable to it as a Guarantor thereunder and (b) represents and warrants
that
the representations and warranties made by it as a Guarantor thereunder are
true
and correct on and as of the date hereof. In furtherance of the
foregoing, the New Subsidiary, as security for the payment and performance
in
full of the Obligations does hereby, for the benefit of the Secured Parties,
their successors and assigns, irrevocably, absolutely and unconditionally
guaranty, jointly with the other Guarantors and severally, the due and punctual
payment and performance of the Obligations. Each reference to a
“Guarantor” in the
Guaranty shall be deemed to include the New Subsidiary and each reference in
the
Credit Agreement and any other Loan Document to a “Guarantor”, “Subsidiary
Guarantor” or a “Loan Party” shall also be deemed to include the New
Subsidiary. The Guaranty is hereby incorporated herein by
reference.
SECTION
2. The New Subsidiary represents and warrants to the Administrative
Agent and the Secured Parties that this Supplement has been duly authorized,
executed and delivered by it and constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, except as
such
enforceability may be limited by Debtor Relief Laws and by general principles
of
equity.
SECTION
3. This Supplement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single
contract. This Supplement shall become effective when the
Administrative Agent shall have received a counterpart of this Supplement that
bears the signature of the New Subsidiary, and the Administrative Agent has
executed a counterpart hereof. Delivery of an executed signature page
to this Supplement by facsimile transmission or other electronic communication
shall be as effective as delivery of a manually signed counterpart of this
Supplement.
SECTION
4. Except as expressly supplemented hereby, the Guaranty shall remain
in full force and effect.
SECTION
5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION
6. If any provision contained in this Supplement is held to be
invalid, illegal or unenforceable, the legality, validity, and enforceability
of
the remaining provisions contained herein and in the Guaranty shall not be
affected or impaired thereby. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. To the extent permitted by
applicable law the parties hereto shall endeavor in good-faith negotiations
to
replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions.
SECTION
7. All communications and notices hereunder shall be in writing and
given as provided in Section 4.04 of the Guaranty.
SECTION
8. The New Subsidiary agrees to reimburse the Administrative Agent
for its reasonable out-of-pocket expenses in connection with the execution
and
delivery of this Supplement, including the reasonable fees, other charges and
disbursements of counsel for the Administrative Agent.
[SIGNATURE
ON THE FOLLOWING PAGE]
2
IN
WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly
executed this Supplement to the Guaranty as of the day and year first above
written.
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ALLTEL
NEW LICENSE SUB, LLC
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By: /s/
Xxxxx X.
Xxxxxx
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Name:
Xxxxx X. Xxxxxx
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Title:
Authorized Signatory
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Jurisdiction of Formation: Delaware
Organizational Identification Number: 4464012
Address Of Chief Executive Office: Xxx Xxxxxx
Xxxxx Xxxxxx Xxxx, XX 00000
CITIBANK, N.A., as Administrative Agent
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By: /s/
Xxxx X. Xxx
Xxxxxx
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Name:
Xxxx X. Xxx Xxxxxx
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Title:
Vice President
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