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Exhibit 10.75
[LCC LETTERHEAD]
November 7, 1996
MCI Telecommunications Corporation
0000 Xxxxxxxxxxxx Xxxxxx, X.X.
Washington, D.C. 20006
Attn.: Xx. Xxxxxxx Xxxxxxxxx
Re Subordination and Intercreditor Agreement, dated as of September 30,
1996, among The Chase Manhattan Bank ("Chase"), MCI
Telecommunications Corporation ("MCI"), and LCC International, Inc.
("LCC") (the "Intercreditor Agreement").
Dear Xx. Xxxxxxxxx:
This is to confirm our recent discussions with respect to the Intercreditor
Agreement. (All terms not defined in this letter shall have the meaning given to
them in the Intercreditor Agreement.)
MCI hereby agrees that (i) the maximum aggregate principal amount of Debt which
the Company may incur under the Senior Note Documents shall be increased from
$20,000,000 to $60,000,000 and (ii) the Intercreditor Agreement shall be amended
hereby in all respects to reflect such permitted increase including, without
limitation, by substituting the amount of $60,000,000 for the amount of
$20,000,000 in each place where such amount appears in Section 4 thereof.
In addition, MCI hereby acknowledges that the Company has entered into
preliminary negotiations with lenders (e.g., NationsBank, N.A.) to replace the
Chase credit facility with a new credit facility in the principal amount of
$60,000,000. XXX agrees that, upon request by the Company, MCI shall enter into
a new intercreditor agreement with the Company and any other party designated by
the Company (the "New Intercreditor Agreement") on substantially the same terms
set forth in the Intercreditor Agreement, as amended by this letter, provided
that the Intercreditor Agreement shall terminate on or prior to the effective
date of the New Intercreditor Agreement.
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Please indicate XXX's consent to the foregoing by executing this letter and the
enclosed copy in the space provided below. Kindly return one fully executed copy
to me for the Company's files.
Thank you for your continued cooperation with respect to these matters.
Sincerely,
/s/ XXXXXXX XXXXX
Xxxxxxx Xxxxx
Senior Vice President
& Chief Financial Officer
Acknowledged and Agreed to this 7th day of November, 1996.
MCI TELECOMMUNICATIONS CORPORATION
By: /s/ XXXXXXX X. XXXXXXXXX
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Name: Xxxxxxx X. Xxxxxxxxx
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Title: Vice President
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