DEBTOR-IN-POSSESSION PLEDGE AGREEMENTPossession Pledge Agreement • November 20th, 2009 • Fairpoint Communications Inc • Telephone communications (no radiotelephone) • New York
Contract Type FiledNovember 20th, 2009 Company Industry JurisdictionDEBTOR-IN-POSSESSION PLEDGE AGREEMENT, dated as of October 30, 2009 (as amended, restated, modified and/or supplemented from time to time, the “Agreement”), made by each of the undersigned pledgors, each of which is a debtor and debtor-in-possession under Chapter 11 of the Bankruptcy Code (as defined in the Credit Agreement referred to below) (each, a “Pledgor” and collectively, the “Pledgors”), in favor of BANK OF AMERICA, N.A., as Collateral Agent (including any successor collateral agent, the “Pledgee”) for the benefit of the Secured Creditors (as defined below). Except as otherwise defined herein, terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.