Exhibit 10.35
EXECUTION COPY
SECOND AMENDMENT AND CONSENT TO CREDIT AGREEMENT
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SECOND AMENDMENT AND CONSENT TO CREDIT AGREEMENT (this "Amendment and
Consent") dated as of March 1, 2001, among UBIQUITEL OPERATING COMPANY, a
corpora-tion organized and existing under the laws of the State of Delaware
(the "Borrower"), UBIQUITEL INC., a corpora-tion organized and existing under
the laws of the State of Delaware ("Holdings"), the various banks from time to
time party to the Credit Agreement referred to below (the "Banks"), BNP PARIBAS
(f/k/a PARIBAS), as Administrative Agent, BNP PARIBAS (f/k/a PARIBAS), as Lead
Arranger, BNP PARIBAS (f/k/a PARIBAS), as Participating B Term Loan Bank (as
defined herein), GENERAL ELECTRIC CAPITAL CORPORATION, as Participating B Term
Loan Bank (as defined herein), FORTIS CAPITAL CORP., as Participating B Term
Loan Bank (as defined herein), UVMS I, INC., as Guarantor, UVMS II, INC., as
Guarantor, UVMS III, INC., as Guarantor, UVMS IV, INC., as Guarantor, UVMS V,
INC., as Guarantor and UVMS VI, INC., as Guarantor. Unless otherwise
indicated, all capitalized terms used herein and not otherwise defined herein
shall have the respective meanings provided such terms in the Credit Agreement
referred to below.
W I T N E S S E T H:
WHEREAS, the Borrower, Holdings, the Banks, the Lead Arranger and the
Administrative Agent are parties to a Credit Agreement, dated as of March 31,
2000 (as amended, modified or supplemented to, but not including, the date
hereof, the "Credit Agreement"); and
WHEREAS, subject to the terms and conditions of this Amendment and
Consent, the parties hereto wish to amend the Credit Agreement, and the Banks
party hereto are willing to grant the consents set forth herein notwithstanding
certain covenants contained in the Credit Agreement, in each case as herein
provided;
NOW, THEREFORE, it is agreed:
I. AMENDMENTS AND CONSENTS TO CREDIT AGREEMENT.
1. Section 1.01(b) of the Credit Agreement is hereby amended by
deleting said Section in its entirety and inserting the following new Section
1.01(b) in lieu thereof:
"(b) subject to and upon the terms and conditions set forth herein,
each Bank with (A) a B Term Loan Commitment severally agrees to make, on
the Initial Borrowing Date, a term loan (each, an "Initial B Term Loan"
and, collectively, the "Initial B Term Loans") and (B) an Incremental B
Term Loan Commitment severally agrees to make, on the Second Amendment and
Consent Effective Date, a term loan (each, an "Incremental B Term Loan"
and, collectively, the "Incremental B Term Loans" and, together with the
Initial B Term Loans, each, a "B Term Loan" and, collectively, the "B Term
Loans") to the Borrower, which B Term Loans (i) shall, at the option of
the Borrower, be Base Rate Loans or Eurodollar Loans; PROVIDED, THAT (x)
except as otherwise specifically provided in Section 1.10(b), all B Term
Loans comprising the same Borrowing shall at all times be of the same Type
and (y) no Eurodollar Loans may be incurred prior to the Syndication
Termination Date and (ii) shall not exceed for any Bank, in aggregate
principal amount, that amount which equals, with respect to the incurrence
by the Borrower of Initial B Term Loans, the B Term Loan Commitment of
such Bank and, in connection with the incurrence by the Borrower of
Incremental B Term Loans, the Incremental B Term Loan Commitment of such
Bank, on each relevant date (before giving effect to any reductions
thereto on such date pursuant to Sections 3.03(c)(A)(i), 3.03(c)(A)(ii),
3.03(c)(B)(i) or 3.03(c)(B)(ii) but after giving effect to any reductions
thereto on or prior to such date pursuant to Sections 3.03(c)(A)(iii) and
3.03(c)(B)(iii), as applicable). Once repaid, B Term Loans incurred
hereunder may not be reborrowed.".
2. Section 1.05(c) of the Credit Agreement is hereby amended by (x)
inserting the text "or an Incremental B Term Loan Commitment, as applicable,"
immediately following the text "B Term Loan Commitment" appearing in said
Section and (y) deleting clauses (ii) and (iii) of said Section in their
entirety and inserting the following new clauses (ii) and (iii) in lieu thereof:
"(ii) be payable to the order of such Bank and be dated the Second
Amendment and Consent Effective Date, (iii) be in a stated principal
amount equal to the sum of principal amount of the B Term Loans (including
Incremental B Term Loans) made by such Bank and outstanding on the Second
Amendment and Consent Effective Date (after giving effect to the
incurrence of Incremental B Term Loans on such date) (or, in the case of a
new B Term Note issued pursuant to Section 1.01(b), the respec-tive B Term
Loans evidenced thereby at the time of issuance) and be payable in the
principal amount of outstanding B Term Loans evidenced thereby,".
3. Section 1.07 of the Credit Agreement is hereby amended by deleting
the first sentence of said Section in its entirety and inserting the following
new sentence in lieu thereof:
"All Borrowings of Loans (other than Swingline Loans) under this
Agreement shall be incurred from the Banks PRO RATA on the basis of their
respective A Term Loan Commitments, B Term Loan Commitments, Incremental B
Term Loan Commitments (in the case of B Term Loans incurred on the Second
Amendment and Consent Effective Date) or Revolving Loan Commitments, as
the case may be; PROVIDED, THAT, all Borrowings of Revolving Loans made
pursuant to a Mandatory Borrowing shall be incurred by the Borrower from
the Banks PRO RATA on the basis of their Percentages.".
4. Section 3.03(c) of the Credit Agreement is hereby amended by
deleting said Section in its entirety and inserting the following new Section
3.03(c) in lieu thereof:
"(c) In addition to any other mandatory commitment reductions pursuant
to this Section 3.03, (A) the Total B Term Loan Commitment (and the B Term
Loan
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Commitment of each Bank with such a Commitment) shall (i) be reduced
on each date on which a Borrowing of Initial B Term Loans is effected by
an amount equal to the amount of such Borrowing of Initial B Term Loans
made on such date, (ii) terminate in its entirety on the Initial Borrowing
Date (after giving effect to the making of the Initial B Term Loans on
such date) and (iii) prior to the termination of the Total B Term Loan
Commitment as provided in the preceding clause (ii), be reduced from time
to time to the extent required by Section 4.02 and (B) the Total
Incremental B Term Loan Commitment (and the Incremental B Term Loan
Commitment of each Bank with such a Commitment) shall (i) be reduced on
each date on which a Borrowing of Incremental B Term Loans is effected by
an amount equal to the amount of such Borrowing of Incremental B Term
Loans made on such date, (ii) terminate in its entirety on the Second
Amendment and Consent Effective Date (after giving effect to the making of
the Incremental B Term Loans on such date) and (iii) prior to the
termination of the Total Incremental B Term Loan Commitment as provided in
the preceding clause (ii), be reduced from time to time to the extent
required by Section 4.02.".
5. Section 3.03(g) of the Credit Agreement is hereby amended by (x)
inserting the text ", Total Incremental B Term Loan Commitment" immediately
following the text "Total B Term Loan Commitment" appearing in such Section and
(y) inserting the text ", Incremental B Term Loan Commitment" immediately
following the text "B Term Loan Commitment" appearing in said Section.
6. Section 4.02(A)(c) of the Credit Agreement is hereby amended by (x)
inserting the text "(1)" immediately preceding the text "In addition" appearing
in said Section and (y) inserting the following new clause (2) at the end of
said Section:
"(2) In addition to any other mandatory repayments or commitment
reductions pursuant to this Section 4.02(A), the Borrower shall be
required to repay on each date set forth below the principal amount of B
Term Loans, to the extent then outstanding, set forth below opposite such
date (each such repayment as the same may be reduced as provided in
Sections 4.01 and 4.02(B), an "Additional Scheduled B Term Loan
Repayment"):
Additional Scheduled B
Term Loan Repayment Date Amount
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June 30, 2004 $125,000
September 30, 2004 $125,000
December 31, 2004 $125,000
March 31, 2005 $125,000
June 30, 2005 $125,000
September 30, 2005 $125,000
December 31, 2005 $125,000
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Additional Scheduled B
Term Loan Repayment Date Amount
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March 31, 2006 $125,000
June 30, 2006 $125,000
September 30, 2006 $125,000
December 31, 2006 $125,000
March 31, 2007 $125,000
June 30, 2007 $1,875,000
September 30, 2007 $1,875,000
December 31, 2007 $1,875,000
March 31, 2008 $1,875,000
June 30, 2008 $20,500,000
September 30, 2008 $20,500,000".
7. Section 4.02(A) of the Credit Agreement is hereby amended by
inserting new clause (i) immediately following clause (h) appearing in said
Section:
"(i) In addition to any other mandatory repayments or commitment
reductions pursuant to this Section 4.02, in the event that the Via
Acquisition is not consummated in accordance with Section 9.02(viii)
hereof (and in accordance with the Via Acquisition Documents (including,
without limitation, the time periods specified therein)) on or prior to
December 31, 2001, the Borrower shall prepay the Loans, in an amount equal
to $50,000,000, in accordance with the application procedures set forth in
Section 4.02(B)(a).".
8. Section 4.05 of the Credit Agreement is hereby amended by deleting
said Section in its entirety and inserting the following new Section in lieu
thereof:
"Section 4.05. PREPAYMENT PREMIUM. Notwithstanding anything to the
contrary set forth herein, each prepayment of B Term Loans pursuant to
Section 4.01 or Section 4.02 (other than 4.02(A)(c)) shall be accompanied
by a prepayment premium in the amount of (x) if such prepayment occurs on
or prior to the first anniversary of the Second Amendment and Consent
Effective Date, 2.0% of the principal amount then being prepaid and (y) if
such prepayment occurs after the first anniversary of the Second Amendment
and Consent Effective Date, but on or prior to the second anniversary of
the Second Amendment and Consent Effective Date, 1.0% of the principal
amount then being prepaid. At any time after the second anniversary of
the Second Amendment and Consent Effective Date, the prepayment of B Term
Loans shall not be subject to any premium or penalty.".
9. Section 7.08(a) of the Credit Agreement is hereby amended by (x)
inserting the text ", (y) finance Capital Expenditures in connection with the
Borrower's build-out of the Via Service Area Network (including, without
limitation, the financing of the development,
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construction, acquisition and installation of additional wireless
telecommunication assets associated with the build-out of the PCS Network in
the Via Service Area)" immediately at the end of clause (x) appearing in said
Section and (y) deleting the text "(y)" appearing in said Section and inserting
the text "(z)" in lieu thereof.
10. Section 7 of the Credit Agreement is hereby amended by inserting
the following new Section 7.33 at the end of said Section:
"7.33 VIA ACQUISITION; SPECTRUM SALE; MEMBER CONTRIBUTIONS.
Immediately following the consummation of the Via Acquisition, the
Spectrum Sale and the Member Contributions, respectively, in accordance
with Section 9.02(viii) and any other applicable provision of this
Agreement, all aspects of the Via Acquisition, the Spectrum Sale and the
Member Contributions shall have been effected in accordance with the Via
Acquisition Documents, the Spectrum Sale Documents and all applicable law.
At the time of the consummation thereof, all consents and approvals of,
and filings and registrations with, and all other actions in respect of,
all governmental agencies, authorities or instrumentalities required in
order to consummate the Via Acquisition, the Spectrum Sale and the Member
Contributions (including, without limitation, the FCC) shall have been
obtained, given, filed or taken and are in full force and effect (or
effective judicial relief with respect thereto has been obtained). All
applicable waiting periods with respect thereto have or, prior to the time
when required, will have, expired without, in all such cases, any action
being taken by any competent authority which restrains, prevents or
imposes material adverse conditions upon the consummation of the Via
Acquisition, the Spectrum Sale or the Member Contributions. Additionally,
at the time of the consummation thereof, there shall not exist any
judgment, order or injunction prohibiting or imposing material adverse
conditions upon the consummation of the Via Acquisition, the Spectrum Sale
or the Member Contributions. Prior to, or concurrently with, the
consummation of the Via Acquisition, the Spectrum Sale and the Member
Contributions, the Borrower, Holdings and any of their respective
Subsidiaries, as applicable, shall have obtained any and all required
consents, authorizations, and waivers from Sprint Spectrum L.P. or any of
its Affiliates, to the extent required. The consummation of the Via
Acquisition, the Spectrum Sale and the Member Contributions shall not
violate, in any such case, any agreement, contract, mortgage or other
document to which Via, its Members or any of their Affiliates is a
party.".
11. Section 8 of the Credit Agreement is hereby amended by inserting
the following new Sections 8.21 and 8.22 immediately at the end of said Section:
"8.21 VIA ACQUISITION; SPECTRUM SALE; MEMBER CONTRIBUTIONS.
Immediately following the consummation of the Via Acquisition, the
Spectrum Sale and the Member Contributions, respectively, as contemplated
in Section 9.02(viii) or otherwise in this Agreement, the Borrower,
Holdings and/or any of their respective Subsidiaries, as applicable, shall
have complied or will comply, as applicable, with Section 8.17 hereof and
shall have delivered any additional documents that may be necessary or
reasonably requested pursuant to said Section, the Security Agreement
and/or the Pledge Agreement.
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In addition, the Borrower, Holdings and/or any of their respective
Subsidiaries, as applicable, shall have deposited all cash proceeds (net
of any expenses incurred in connection with such Spectrum Sale) received
by such Person in connection with the Spectrum Sale into the Escrow
Account, in accordance with this Agreement and the Escrow Agreement
(together with any proceeds received pursuant to a Borrowing hereunder,
which shall have been deposited into the Escrow Account in accordance with
this Agreement and the Escrow Agreement).
8.22 SPECTRUM SALE. In addition to the matters set forth in Section
8.21 herein, the Borrower, Holdings and/or any of their respective
Subsidiaries shall consummate the Spectrum Sale, pursuant to the Spectrum
Sale Documents, no later than December 31, 2001."
12. Section 9.02 of the Credit Agreement is hereby amended by (x)
deleting the text "and" appearing at the end of clause (vi) of said Section,
(y) deleting the period appearing at the end of clause (vii) appearing in said
Section and inserting the text ";" in lieu thereof and (z) inserting the
following new clauses (viii), (ix) and (x) following clause (vii) appearing in
said Section:
"(viii) the Borrower, Holdings and/or any of their respective
Subsidiaries may acquire 100% of the limited liability interests of Via
(by means of a transaction structured in a manner satisfactory to the
Administrative Agent and the Required Banks) (the "Via Acquisition");
PROVIDED, THAT, (a) the Borrower shall have, on the Second Amendment and
Consent Effective Date, incurred all of the Incremental B Term Loans, (b)
the Via Acquisition Documents shall not have been amended, modified and/or
supplemented, in any material respect, without the prior written consent
of the Required Banks, (c) the Borrower shall have duly authorized,
executed and delivered the Spectrum Sale Documents and the Spectrum Sale
Documents shall be in full force and effect (and shall have been duly
authorized, executed and delivered by each other counterparty thereto as
of the Via Acquisition Date), (d) in connection with the Via Acquisition,
the Borrower, Holdings or any of their respective Subsidiaries shall not
have assumed any additional Indebtedness and any and all Indebtedness of
Via existing immediately prior to the Via Acquisition Date shall have been
fully repaid, (e) after September 30, 2000 and on or prior to the Via
Acquisition Date, Via and/or the Borrower shall have received cash
proceeds of at least $8,700,000 from the Members as an equity contribution
to such Person (the "Member Contributions"), (f) the Administrative Agent
shall have completed its legal and environmental due diligence with
respect to the Via Acquisition and shall be reasonably satisfied with the
results thereof (in its reasonable discretion), (g) immediately prior to
the Via Acquisition Date, or immediately following the consummation of the
Via Acquisition, no event shall have occurred that could reasonably be
expected to have a material adverse effect on the performance, business,
assets, nature of assets, liabilities (contingent or otherwise),
operations, properties, condition (financial or otherwise), solvency or
prospects of the Borrower, Holdings and their respective Subsidiaries or
Via and its Subsidiaries, (h) on or prior to the Via Acquisition Date, the
Borrower, Holdings and each of their respective Subsidiaries, to the
extent required, shall have obtained all of
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the consents, authorizations and approvals described in Section 7.33
hereof (including, without limitation, any and all consents, approvals and
authorizations required from the FCC and Sprint Spectrum L.P. and its
Affiliates) and shall have taken any other action required to be taken
hereunder and in accordance with applicable law in connection with the Via
Acquisition; PROVIDED, THAT, any FCC approvals required in connection with
the Spectrum Sale need not be obtained on or prior to the Via Acquisition
Date (unless the consummation of the Spectrum Sale is to be effected on
such date) but, in any event, the Borrower, Holdings and each of their
respective Subsidiaries shall obtain such approvals prior to the
consummation of the Spectrum Sale, (i) on or prior to the Via Acquisition
Date, the Borrower shall have entered into the Sprint Agreement Amendment
(as defined herein), (j) on or prior to the Via Acquisition Date, any
dispute, lawsuit, arbitration or any other similar proceeding between the
Borrower, Holdings or any of their respective Subsidiaries and Sprint
Spectrum L.P. or any of its Affiliates shall have been duly resolved,
dismissed and released, in a manner satisfactory to the Required Banks
and, as of the Via Acquisition Date, there shall not be existing any
dispute, lawsuit, arbitration or any similar proceedings between such
parties, (k) on or prior to the Via Acquisition Date, Holdings shall have
received the approval of its shareholders for the issuance of the common
stock as consideration for the Via Acquisition, (l) on the Via Acquisition
Date and concurrently with the consummation thereof, and to the extent
that Via shall remain a Subsidiary of Holdings, the Borrower or any of
their respective Subsidiaries following the consummation thereof (or to
the extent the Borrower, Holdings or any of their respective Subsidiaries
shall hold the limited liability interests of Via following the Via
Acquisition Date), the Borrower shall have caused Via and its Subsidiaries
(as applicable) to comply with clauses (ii), (iii) and (iv) of Section
9.20 of the Credit Agreement as of such date and (m) Sprint Spectrum L.P.
and any relevant Affiliate thereof shall have entered into an amendment to
the Consent and Agreement, in connection with the Via Acquisition,
satisfactory to the Administrative Agent;
(ix) the Borrower may enter into sale-leaseback transactions, from
time to time, so long as (A) no Default or Event of Default then exists or
would result therefrom, (B) each such sale-leaseback transaction is
structured in a form, scope and substance reasonably satisfactory to the
Administrative Agent, (C) such sale-leaseback transaction relates solely
to (1) the Tower Sites currently or subsequently owned by the Borrower and
used for the operation and maintenance of the Service Area Network and/or
(2) the office building owned, as of the Second Amendment Effective Date,
by Via and located at 0000 X. Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxx, (D) such
sale-leaseback transactions, either individually or in the aggregate, do
not result, or could not be reasonably expected to result, in the
Borrower, Holdings or any of their respective Subsidiaries having to pay a
material amount of taxes that would not otherwise be payable had such
sale-leaseback transactions not been consummated, (E) the consideration
received by the Borrower therefor consists solely of cash and (F) the Net
Sale Proceeds therefrom are applied as (and to the extent) required by
Section 4.02; and
(x) the Borrower may consummate the Spectrum Sale in accordance with
the Spectrum Sale Documents and the provisions of this Agreement and, so
long as no
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Default or Event of Default then exists, may use the proceeds of such sale
for the purposes set forth in Section 7.08 and shall not be required to
apply such proceeds in accordance with Section 4.02(A)(f); PROVIDED, THAT,
such proceeds are deposited and subsequently utilized in the manner
provided in Section 8.21 hereof."
13. Section 9.04 of the Credit Agreement is hereby amended by
inserting the text "or any tower or communication site company, in any case,"
immediately following the text "Spectrasite" appearing in said Section.
14. Section 9.06 of the Credit Agreement is hereby amended by (x)
deleting the text "and" appearing at the end of clause (viii), (y) inserting
the text "and" at the end of clause (ix) and (z) inserting the following new
clause (x) at the end of said Section:
"(x) the Borrower may make the Subordinated Loans to Via, on and after
the Second Amendment and Consent Effective Date and prior to the Via
Acquisition Date, pursuant to, and in accordance with, the Subordinated
Loan Agreement; PROVIDED, THAT, (A) the incurrence of such Subordinated
Loans by Via shall not violate or otherwise conflict with the terms and
provisions of any debt agreement, contract, mortgage, security agreement
or other agreement to which Via, its Members or any of its Affiliates is a
Party" and (B) the aggregate amount of all Subordinated Loans made by the
Borrower pursuant to the Subordinated Loan Agreement shall not exceed
$25,000,000 at any time."
15. Section 9.08 of the Credit Agreement shall be amended by (x)
inserting the text "(1)" immediately preceding the text "Holdings" appearing at
the beginning of clause (a) of said Section and (y) inserting the following new
clause (2) immediately at the end of clause (a) appearing in said Section:
"(2) Notwithstanding anything to the contrary contained in clause
(a)(1) above, to the extent that the Via Acquisition is consummated in
accordance with Section 9.02(viii), Holdings, on and after the Via
Acquisition Date, will not, and will not permit any of its Subsidiaries
to, make or commit to make any Capital Expenditures, except that the
Borrower and its Subsidiaries may make Capital Expenditures so long as the
aggregate amount thereof does not exceed during any period or fiscal year
set forth below the amount set forth below opposite such date:
Fiscal Year Ended Amount
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Via Acquisition Date - December 31, 2001 $140,000,000
December 31, 2002 40,000,000
December 31, 2003 40,000,000
December 31, 2004 40,000,000
December 31, 2005 45,000,000
December 31, 2006 and
each fiscal year thereafter 35,000,000".
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16. Section 9.12 of the Credit Agreement is hereby amended by (x)
inserting the text "(a)" immediately following the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (b) at
the end of said Section:
"(b) Notwithstanding anything to the contrary set forth in clause (a)
above, in the event that the Via Acquisition is consummated in accordance
with Section 9.02(viii), on and after the Via Acquisition Date, Holdings
will cause the Borrower not to permit, and the Borrower will not permit,
on the last day of any period ending on or after any date set forth below,
Covered Pops as a percentage of the total number of Pops in the Service
Area to be less than the percentage set forth opposite such date below:
Fiscal Quarter Ended Percentage
-------------------- ----------
March 31, 2001 40.0%
June 30, 2001 47.0%
September 30, 2001 50.0%
December 31, 2001 52.5%
March 31, 2002 55.0%
June 30, 2002 55.0%
September 30, 2002 55.0%
December 31, 2002 55.0%
March 31, 2003 57.0%
June 30, 2003 57.0%
September 30, 2003 57.0%
December 31, 2003 57.0%
March 31, 2004 60.0%
June 30, 2004 60.0%
September 30, 2004 and
each fiscal quarter thereafter 60.0%".
17. Section 9.13(A) of the Credit Agreement is hereby amended by (x)
inserting the text "(1)" immediately preceding the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (2) at
the end of said Section:
"(2) Notwithstanding anything to the contrary set forth in clause
(A)(1) above, in the event that the Via Acquisition is consummated in
accordance with Section 9.02(viii), on and after the Via Acquisition Date,
Holdings will cause the Borrower not to permit, and the Borrower will not
permit, the ratio of Consolidated Indebtedness as at the end of any fiscal
quarter ended on a date set forth below to Consolidated EBITDA for the
period (taken together as one accounting period) of four consecutive
fiscal quarters ended on such date, to be greater than the ratio set forth
opposite such date below:
Fiscal Quarter Ended Ratio
-------------------- -----
December 31, 2003 16.00:1.00
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March 31, 2004 10.50:1.00
June 30, 2004 8.75:1.00
September 30, 2004 7.25:1.00
December 31, 2004 - June 30, 2006 4.25:1.00
September 30, 2006 and
each fiscal quarter thereafter 3.00:1.00".
18. Section 9.13(B) of the Credit Agreement is hereby amended by (x)
inserting the text "(1)" immediately preceding the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (2) at
the end of said Section:
"(2) Notwithstanding anything to the contrary set forth in clause
(B)(1) above, in the event that the Via Acquisition is consummated in
accordance with Section 9.02(viii), on and after the Via Acquisition Date,
Holdings will cause the Borrower not to permit, and the Borrower will not
permit, the ratio of Consolidated Indebtedness as at the end of any fiscal
quarter ended on a date set forth below to Adjusted Consolidated EBITDA
for the period (taken together as one accounting period) of four
consecutive fiscal quarters ended on such date, to be greater than the
ratio set forth opposite such date below:
Fiscal Quarter Ended Ratio
-------------------- -----
September 30, 2002 14.00:1.00
December 31, 2002 10.75:1.00
March 31, 2003 8.50:1.00
June 30, 2003 6.50:1.00
September 30, 2003 5.25:1.00
December 31, 2003 4.75:1.00
March 31, 2004 4.00:1.00
June 30, 2004 3.75:1.00
September 30, 2004 and
each fiscal quarter thereafter 3.50:1.00".
19. Section 9.13(C) of the Credit Agreement is hereby amended by (x)
inserting the text "(1)" immediately preceding the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (2) at
the end of said Section:
"(2) Notwithstanding anything to the contrary set forth in clause
(C)(1) above, in the event that the Via Acquisition is consummated in
accordance with Section 9.02(viii), on and after the Via Acquisition Date,
Holdings will cause the Borrower not to permit, and the Borrower will not
permit, the ratio of Consolidated Senior Indebtedness as at the end of any
fiscal quarter ended on a date set forth below to Consolidated EBITDA for
the period (taken together as one accounting period) of four consecutive
fiscal quarters ended on such date, to be greater than the ratio set forth
opposite such date below:
Fiscal Quarter Ended Ratio
-------------------- -----
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December 31, 2003 7.75:1.00
March 31, 2004 5.00:1.00
June 30, 2004 4.00:1.00
September 30, 2004 - June 30, 2005 3.25:1.00
September 30, 2005 and
each fiscal quarter thereafter 2.50:1.00".
20. Section 9.13(D) of the Credit Agreement is hereby amended by (x)
inserting the text "(1)" immediately preceding the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (2) at
the end of such Section:
"(2) Notwithstanding anything to the contrary set forth in clause
(D)(1) above, in the event that the Via Acquisition is consummated in
accordance with Section 9.02(viii), on and after the Via Acquisition Date,
Holdings will cause the Borrower not to permit, and the Borrower will not
permit, the ratio of Consolidated Senior Indebtedness as of the end of any
fiscal quarter ended on a date set forth below to Adjusted Consolidated
EBITDA for the period (taken together as one accounting period) of four
consecutive fiscal quarters ended on such date, to be greater than the
ratio set forth apposite such date below:
Fiscal Quarter Ended Ratio
-------------------- -----
September 30, 2002 7.25:1.00
December 31, 2002 5.50:1.00
March 31, 2003 4.25:1.00
June 30, 2003 3.25:1.00
September 30, 2003 2.75:1.00
December 31, 2003 2.25:1.00
March 31 2004 and
each fiscal quarter thereafter 2.00:1.00".
21. Section 9.14 of the Credit Agreement is hereby amended by (x)
inserting the text "(a)" immediately preceding the text "Holdings" appearing at
the beginning of said Section and (y) inserting the following new clause (b) at
the end of such Section:
"(b) Notwithstanding anything to the contrary set forth in clause (a)
above, in the event that the Via Acquisition is consummated in accordance
with Section 9.02(viii), on and after the Via Acquisition Date, Holdings
will cause the Borrower not to permit, and the Borrower will not permit,
its Consolidated Revenues for any period of four consecutive fiscal
quarters ending on a date set forth below (or, if less, the number of
fiscal quarters commenced after December 31, 2000) to be less than the
number set forth opposite such date set forth below:
Fiscal Quarter Ended Amount
-------------------- ------
-11-
March 31, 2001 $11,000,000
June 30, 2001 26,500,000
September 30, 2001 47,500,000
December 31, 2001 76,000,000
March 31, 2002 100,000,000
June 30, 2002 120,000,000
September 30, 2002 143,000,000
December 31, 2002 164,000,000
March 31, 2003 185,000,000
June 30, 2003 206,000,000
September 30, 2003 232,000,000
December 31, 2003 258,000,000
March 31, 2004 278,000,000
June 30, 2004 300,000,000
September 30, 2004 330,000,000
December 31, 2004 360,000,000".
22. Section 9.15 of the Credit Agreement is hereby amended by (x)
inserting the text "(a)" immediately preceding the text "Holdings" appearing at
the beginning of said Section, (y) deleting the text "28,500" appearing in said
Section and inserting the text "21,000" in lieu thereof and (z) inserting the
following new clause (b) at the end of said Section:
"(b) Notwithstanding anything to the contrary set forth in clause (a)
above, in the event that the Via Acquisition is consummated, on and after
the Via Acquisition Date, Holdings will cause the Borrower not to permit,
and the Borrower will not permit, the number of its Subscribers at the end
of any fiscal quarter ended on or after a date set forth below to be less
than the number of Subscribers set forth opposite such date set forth
below:
Fiscal Quarter Ended Amount
-------------------- ------
March 31, 2001 50,000
June 30, 2001 75,000
September 30, 2001 102,000
December 31, 2001 150,000
March 31, 2002 175,000
June 30, 2002 200,000
September 30, 2002 230,000
December 31, 2002 270,000
March 31, 2003 300,000
June 30, 2003 330,000
September 30, 2003 365,000
December 31, 2003 400,000
March 31, 2004 425,000
June 30, 2004 455,000
September 30, 2004 490,000
-12-
December 31, 2004 530,000".
23. The definition of "B Term Loan Facility" appearing in Section 11
of the Credit Agreement is hereby amended by inserting the text "and the Total
Incremental B Term Commitment" at the end of said definition.
24. The definition of "Term Loan Commitment" appearing in Section 11
of the Credit Agreement is hereby amended by (i) deleting the word "and"
appearing in said Section and inserting a comma in lieu thereof and (ii)
inserting the text "and the Incremental B Term Commitment" immediately after
the text "B Term Loan Commitment" appearing in said definition.
25. The definition of "Total Capital" appearing in Section 11 of the
Credit Agreement is hereby amended by inserting the text "; PROVIDED, THAT, in
the event that the Via Acquisition is consummated in accordance with Section
9.02(viii), Total Capital shall also include (i) any and all cash proceeds
received by the Borrower pursuant to the Spectrum Sale, (ii) any and all cash
proceeds received by Via and/or the Borrower in connection with the Member
Contributions, (iii) any and all other cash equity proceeds (the "Other Equity
Proceeds") received by Via (other than the Member Contributions or the
Converted Loans), prior to the Via Acquisition Date, from the Members; and (iv)
the aggregate principal amount of any loans made by the Members to Via, prior
to the Via Acquisition Date, which were repaid solely with the common stock of
Holdings (the "Converted Loans"); PROVIDED, THAT, the aggregate amount of the
Other Equity Proceeds and Converted Loans, to be included in this definition
pursuant to clauses (iii) and (iv) herein, in accordance with the terms hereof,
shall not exceed at any time $49,000,000" immediately preceding the period
appearing in such definition.
26. The definition of "Sprint Agreements" appearing in Section 11 of
the Credit Agreement is hereby amended by inserting the text ", the Via Sprint
Agreements" immediately preceding the text "and all other contracts" appearing
in said definition.
27. The definition of "Sprint License Agreements" appearing in Section
11 of the Credit Agreement is hereby amended by deleting each reference to
"September __, 1998" appearing in said definition and inserting the text
"October 15, 1998" in lieu thereof.
28. The definition of "Sprint Management Agreement" appearing in
Section 11 of the Credit Agreement is hereby amended by deleting the text
"September __, 1998" appearing in said definition and inserting the text
"October 15, 1998" in lieu thereof.
29. Section 11 of the Credit Agreement is hereby further amended by
inserting in the appropriate alphabetical order the following new definitions:
"Additional Scheduled B Term Loan Repayment" shall have the meaning set
forth in Section 4.02(A)(c)(2).
"Converted Loans" shall have the meaning provided in the definition of
Total Capital.
-13-
"Existing B TL Borrowing" shall have the meaning provided in Section
13.18.
"Existing B TL Eurodollar Borrowing" shall have the meaning provided in
Section 13.18.
"Guarantor" shall mean each of Holdings and each Subsidiary of Holdings
that is required to execute a Guaranty pursuant to Section 5.20 or 9.20.
"Incremental B Term Loan Commitment" shall mean, with respect to each
Bank, the amount, if any, set forth opposite such Bank's name in Annex I to the
Second Amendment and Consent directly below the column entitled "Incremental B
Term Commitment", as the same may be terminated or reduced pursuant to Sections
3.02 and 3.03.
"Incremental B Term Loans" shall mean B Term Loans made by any Bank
pursuant to its Incremental B Term Commitment on the Second Amendment and
Consent Effective Date in accordance with Section 1.01(b).
"Initial B Term Loans" shall have the meaning set forth in Section
1.01(b).
"Members" shall mean each of, or all of, as the context shall require,
Central Valley Cellular, Inc., Ponderosa Cellular 4, Inc., Personal
Communications Service, Inc., Pinnacles PCS, Inc., Kerman Communication
Technologies, Inc. and Xxxxxx Xxxxxxxx & Associates, L.P.
"Member Contribution" shall have the meaning provided in Section
9.02(viii).
"Merger Agreement" shall mean that certain Merger Agreement, dated as
of February 22, 2001, among Holdings, the Borrower, Via, the Members and
certain other parties named therein.
"Other Equity Proceeds" shall have the meaning provided in the
definition of Total Capital.
"Participating B Term Loan Bank" shall mean each Bank which has an
Incremental B Term Commitment on the Second Amendment and Consent Effective
Date (immediately prior to the extensions of credit on such date).
"Second Amendment and Consent" shall mean the Second Amendment and
Consent to this Agreement, dated as of March 1, 2001.
"Second Amendment and Consent Effective Date" shall have the meaning
provided in the Second Amendment and Consent.
"Spectrum Sale" shall mean the sale by the Borrower, Holdings or any of
their respective Subsidiaries of certain non-essential assets of Via, which
sale shall (i) be consummated on or prior to December 31, 2001, (ii) result in
the receipt by the Borrower
-14-
of net cash proceeds of at least $50,000,000 and (iii) be consummated pursuant
to the Spectrum Sale Documents.
"Spectrum Sale Documents" shall mean the relevant agreements entered
into by the Borrower, Holdings or any of their respective Subsidiaries in
connection with the Spectrum Sale, which documents shall be in form, scope and
substance satisfactory to the Administrative Agent and the Required Banks
(including, without limitation, the type of assets sold thereunder).
"Sprint Agreement Amendment" shall have the meaning provided in the
Second Amendment and Consent.
"Subordinated Loan Agreement" shall mean that certain Revolving Credit
Loan Agreement, dated as of February 22, 2001, between the Borrower and Via.
"Subordinated Loans" shall mean any and all loans made by the Borrower
from time to time pursuant to, and in accordance with, the Subordinated Loan
Agreement.
"Total Incremental B Term Commitment" shall mean the sum of the
Incremental B Term Loan Commitments of each of the Banks.
"Via" shall mean Via Wireless, LLC, a limited liability company
organized and existing under the laws of the State of California.
"Via Acquisition" shall have the meaning provided in Section 9.02(viii).
"Via Acquisition Date" mean that certain date upon which the Via
Acquisition is consummated in accordance with the Merger Agreement and the
other Via Acquisition Documents.
"Via Acquisition Documents" shall mean the Merger Agreement and any
other agreement entered into by the Borrower, Holdings and any of their
respective Subsidiaries in connection with the Via Acquisition.
"Via License" means the PCS license(s) issued by the FCC described on
the Service Area Exhibit to the Via Sprint Affiliation Agreement.
"Via Service Area" shall mean the geographic area described in the
Service Area Exhibit to the Via Sprint Affiliation Agreement (including,
without limitation, areas located in Fresno, California, Merced, California,
Modesto, California, Stockton, California, Visalia, California and Bakersfield,
California), except that the term does not include any of certain new areas
that, prior to the consummation of the Via Acquisition, Via, or following the
Via Acquisition Date, the Borrower, chooses not to build out pursuant to
Section [2.5] of the Via Sprint Affiliation Agreement.
"Via Service Area Network" shall mean the network and business
activities managed by, prior to the Via Acquisition Date, Via and, on and after
the Via Acquisition
-15-
Date, the Borrower, under the Via Management Agreement in the Service Area
under the Via License.
"Via Services Agreement" shall mean the Sprint PCS Services Agreement,
dated as of January, 1999, between Sprint Spectrum L.P. and Via, as amended,
modified or supplemented from time to time in accordance with the term hereof.
"Via Sprint Affiliation Agreement" shall mean the Sprint PCS
Affiliation Agreement, dated as of January, 1999, between Sprint Spectrum L.P.
and Via, as amended, modified or supplemented from time to time in accordance
with the terms hereof.
"Via Sprint Agreements" shall mean each of, or all of, as the context
shall require, the Via Services Agreement, the Via Sprint License Agreements
and the Via Sprint Affiliation Agreement.
"Via Sprint License Agreements" shall mean collectively (i) the Sprint
Trademark and Service Xxxx License Agreement, dated as of January, 1999,
between Sprint Communications Company, L.P. and Via, as amended, modified or
supplemented from time to time in accordance with the terms hereof and (ii) the
License Partitioning/Disaggregation Agreement, dated as of January 29, 1999,
between Xxx Communications PCS, L.P. and Via, as amended, modified or
supplemented from time to time in accordance with the terms hereof.
30. Section 13 of the Credit Agreement is hereby amended by inserting
the following new Section 13.18 immediately after Section 13.17 appearing
therein:
"13.18 INCREMENTAL B TERM LOANS; ETC. Notwithstanding anything to the
contrary contained elsewhere in this Agreement, each of the Banks and the
Borrower hereby agrees that: (i) Borrowings of B Term Loans outstand-ing
immediately prior to the occur-rence of the Second Amendment and Consent
Effective Date (each, an "Existing B TL Borrowing") shall remain
outstanding (subject to adjustment as provided in clause (ii) below)
immedi-ately after the occur-rence of the Second Amendment and Consent
Effective Date and, in the case of any such Borrowing which is maintained
as a Borrowing of Eurodollar Loans, the Interest Period with respect
thereto shall terminate as originally scheduled, (ii) the aggregate
principal amount of Incremental B Term Loans made on the Second Amendment
and Consent Effective Date shall be added to (and thereafter consti-tute
part of) the Existing B TL Borrowings in such a manner so that each
Existing B TL Borrowing shall be increased by its PRO RATA share (tak-ing
a fraction the numerator of which is the amount of such Existing B TL
Borrowing before giving effect to the adjustments pursuant to this clause
(ii) and the denominator of which is the aggregate principal amount of all
such Existing B TL Borrowings) of the aggre-gate principal amount of
Incremental B Term Loans being made on the Second Amendment and Consent
Effective Date; PROVIDED THAT in the case of each Existing B TL Borrowing
which is a Borrowing of Eurodollar Loans which is then subject to an
Interest Period which began prior to, but ends after, the Second Amendment
and Consent Effective Date
-16-
(each, an "Existing B TL Eurodollar Borrowing"), the increased amount of
such Borrowing as provided pursuant to this clause (ii) (and only the
increase as provided by the various Participating B Term Loan Banks) shall
be maintained as Base Rate Loans bearing interest as other-wise provided
in Section 1.08 until the end of the Interest Period applicable to the
respec-tive Existing B TL Eurodollar Borrowing on the Second Amendment and
Consent Effective Date or until such other time satisfactory to the
Administrative Agent (follow-ing which time the respective Borrowing shall
be maintained or converted into one or more Borrowings of the same Type of
Loans as is otherwise required in this Agreement), and (iii) the Borrower
shall take all action as may be necessary so that each Borrowing of B Term
Loans shall promptly, except as otherwise provided in this Agreement and
without regard to this Section 13.18, be of the same Type and have the
same Interest Period (including, without limitation, paying any and all
applicable breakage costs associated therewith).
31. Notwithstanding anything to the contrary set forth in Section 9.16
(vii) of the Credit Agreement, the Banks party hereto hereby agree that (A) the
Borrower and Holdings may (A) enter into an amendment to the Sprint Management
Agreement with Sprint Spectrum L.P. (the "Sprint Agreement Amendment");
PROVIDED, THAT, (i) the Sprint Agreement Amendment is entered into for the sole
purpose of adding the Via Service Area to the Service Area contemplated in the
Sprint Management Agreement immediately prior to the Second Amendment and
Consent Effective Date, (ii) the form, scope and substance of the Sprint
Agreement Amendment shall be satisfactory to the Administrative Agent and the
Required Banks, (iii) such Sprint Agreement Amendment shall be entered into
solely in connection with the Via Acquisition and shall be in full force and
effect prior to the Via Acquisition Date and (iv) prior to or concurrently with
the effectiveness of such Sprint Agreement Amendment, the Via Sprint
Affiliation Agreement is terminated and (B) Holdings may amend its Articles of
Incorporation for the sole purpose (and with the sole effect) of increasing the
aggregate amount of authorized common stock of the Borrower from 100,000,000 to
240,000,000.
II. MISCELLANEOUS PROVISIONS.
1. In order to induce the Banks to enter into this Amendment and
Consent, the Borrower hereby represents and warrants that:
(a) no Default or Event of Default exists as of the Second Amendment
and Consent Effective Date, both before and after giving effect to this
Amendment and Consent; and
(b) all of the representations and warranties contained in the Credit
Agreement or the other Credit Documents are true and correct in all
material respects on the Second Amendment and Consent Effective Date, both
before and after giv-ing effect to this Amendment and Consent, with the
same effect as though such represen-tations and warranties had been made
on and as of the Second Amendment and Consent Effective Date (it being
understood that any representation or warranty made as of a specific date
shall be true and correct in all material respects as of such specific
date).
-17-
2. This Amendment and Consent is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.
3. This Amendment and Consent may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instru-ment. A complete
set of counterparts shall be lodged with the Borrower and the Administrative
Agent.
4. THIS AMENDMENT AND CONSENT AND THE RIGHTS AND OBLIGA-TIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.
5. This Amendment and Consent shall become effective on the date (the
"Second Amendment and Consent Effective Date") when each of the following
conditions shall have been satisfied:
(i) the Administrative Agent shall have received for the account of
each Participating B Term Loan Bank the appropriate B Term Note, in the
amount, maturity and otherwise as provided in this Amendment and Consent
and Section 1.05(c) of the Credit Agreement;
(ii) the Administrative Agent shall have received from each Credit
Party certified copies of resolutions of the Board of Directors of such
Credit Party with respect to the matters set forth in this Amendment and
Consent and such resolutions shall be satisfactory to the Administrative
Agent;
(iii) the Administrative Agent shall have received from Xxxxxxxxx
Xxxxxxx LLP, special New York counsel to the Credit Parties, an opinion
addressed to the Administrative Agent, the Collateral Agent and each of
the Banks and dated the Second Amendment and Consent Effective Date in
form and substance satis-factory to the Administrative Agent, and covering
such matters incident to this Amendment and Consent as the Administrative
Agent may reasonably request;
(iv) the Borrower shall have paid to the Administrative Agent such
fees as may have been otherwise agreed to in writing among such parties;
and
(v) the Borrower, Holdings, each Guarantor, the Required Banks and
each Participating B Term Loan Bank shall have signed a counterpart hereof
(whether the same or different counterparts) and shall have delivered
(including by way of facsimile transmission) the same to the
Administrative Agent at its Notice Office.
6. By executing and delivering a copy hereof, each Credit Party hereby
agrees that all Loans (including, without limitation, the Incremental B Term
Loans) shall be fully
-18-
guaranteed pursuant to the Guaranty in accordance with the terms and provisions
thereof and shall be fully secured pursuant to the Pledge Agreement and the
Security Agreement.
7. From and after the Second Amendment and Consent Effective Date, all
references in the Credit Agreement and each of the other Credit Documents to
the Credit Agreement shall be deemed to be references to the Credit Agreement
as modified hereby.
8. In addition to the representations and warranties made pursuant to
preceding Section 1, and in order to induce the Banks to enter into this
Amendment and Consent, the Borrower hereby represents and warrants that (i)
attached hereto are updated Schedules II, V, VI, VII, VIII, IX and X to the
Credit Agreement, which Schedules attached hereto are in each case true and
correct (based upon the representations and warranties made in the Credit
Agreement) as if such Schedules were prepared, and representation and warranty
were made, as of the Second Amendment and Consent Effective Date and (ii)
attached hereto are revised Annexes to the Security Agreement and Pledge
Agreement which correspond to the Annexes attached to the Security Agreement
and Pledge Agreement, which Annexes attached hereto are in each case true and
correct (based upon the representations and warranties contained in the
Security Agreement or Pledge Agreement, as the case may be) as if the
respective Annexes were prepared, and representation and warranty were made, as
of the Second Amendment and Consent Effective Date.
* * *
-19-
IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart
of this Amendment and Consent to be duly executed and delivered as of the date
first above written.
UBIQUITEL OPERATING COMPANY,
as Borrower
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
BNP PARIBAS,
Individually, as Administrative Agent,
as Lead Arranger and as Participating
B Term Loan Bank
By:
-----------------------------------
Name:
Title:
FORTIS CAPITAL CORP.,
as Bank and as Participating B Term
Loan Bank
By:
-----------------------------------
Name:
Title:
By:
-----------------------------------
Name:
Title:
PNC BANK, NATIONAL ASSOCIATION
as Bank
By:
-----------------------------------
Name:
Title:
WESTDEUTSCHE LANDESBANK
GIROZENTRALE, NEW YORK BRANCH,
as Bank
By:
-----------------------------------
Name:
Title:
BAYERISCHE LANDESBANK
GIROZENTRALE,
as Bank
By:
-----------------------------------
Name:
Title:
CITY NATIONAL BANK,
as Bank
By:
-----------------------------------
Name:
Title:
BANK OF TOKYO-MITSUBISHI TRUST
COMPANY,
as Bank
By:
-----------------------------------
Name:
Title:
THE CIT GROUP/EQUIPMENT FINANCING, INC.,
as Bank
By:
-----------------------------------
Name:
Title:
IBM CREDIT CORPORATION,
as Bank
By:
-----------------------------------
Name:
Title:
LIBERTY-XXXXX XXX ADVISOR FLOATING
RATE ADVANTAGE FUND,
as Bank
By:
-----------------------------------
Name:
Title:
RFC CAPITAL CORPORATION,
as Bank
By:
-----------------------------------
Name:
Title:
XXXXX XXX FLOATING RATE LIMITED
LIABILITY COMPANY,
as Bank
By:
-----------------------------------
Name:
Title:
KEYPORT LIFE INSURANCE COMPANY,
as Bank
By:
-----------------------------------
Name:
Title:
COAST BUSINESS CREDIT,
as Bank
By:
-----------------------------------
Name:
Title:
CARAVELLE INVESTMENT FUND, LLC
By:
-----------------------------------
Name:
Title:
DG BANK DEUTSCHE GENOSSENSCHAFTSBANK AG
By:
-----------------------------------
Name:
Title:
By:
-----------------------------------
Name:
Title:
GALAXY CLO 1999-1, Ltd.
By:
-----------------------------------
Name:
Title:
KZH SOLEIL LLC
By:
-----------------------------------
Name:
Title:
KZH SOLEIL-2 LLC
By:
-----------------------------------
Name:
Title:
ADDRESS FOR NOTICES: GENERAL ELECTRIC CAPITAL
000 Xxxx Xxxxx Xxxx XXXXXXXXXXX,
Xxxxxxxx, XX 00000 as Participating B Term Loan Bank
Attention: Manager, Telecom
Portfolio
Telephone: 000-000-0000
Facsimile: 000-000-0000 By:
-----------------------------------
Name:
Title:
Each of the undersigned, each being a Guarantor under, and as defined in,
the Credit Agreement referenced in the foregoing Amendment and Consent,
hereby consents to the entering into of the Amendment and Consent and agrees
to the provisions thereof (including, without limitation, Sections 6 and 7
of Part II thereof).
UBIQUITEL INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS I, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS II, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS III, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS IV, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS V, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
UVMS VI, INC.,
as Guarantor
By:
-----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
ANNEX I
-------
INCREMENTAL
B TERM LOAN
BANKS COMMITMENT
----- -----------
BNP PARIBAS $15,000,000.00
FORTIS CAPITAL CORP. $10,000,000.00
GENERAL ELECTRIC CAPITAL CORPORATION $25,000,000.00
Total: $50,000,000.00
