Exhibit 10.2 
 
Execution Version

 
AMENDMENT TO TERM LOAN JOINDER
 
AMENDMENT TO TERM LOAN JOINDER, dated as of March 6, 2007 (this "Amendment "),
among CROWN CASTLE INTERNATIONAL CORP., a Delaware corporation ("Holdings"),
CROWN CASTLE OPERATING COMPANY, a Delaware corporation (the "Borrower"), certain
Subsidiaries of Holdings (the "Subsidiary Guarantors" and together with
Holdings, the "Guarantors"), the several banks and other financial institutions
or entities parties hereto (the "Tranche B Lenders") and THE ROYAL BANK OF
SCOTLAND PLC, as administrative agent (the "Administrative Agent").
 
WHEREAS Holdings, the Borrower, certain of the Tranche B Lenders and the
Administrative Agent have heretofore entered into that certain Term Loan
Joinder, dated as of January 26, 2007 (as amended, amended and restated,
supplemented, restated, replaced, refinanced or otherwise modified from time to
time, the "Term Loan Joinder") pursuant to which Term Loans were provided to the
Borrower in the amount of $600,000,000;
 
WHEREAS the Tranche B Lenders and the Administrative Agent are willing to amend
certain provisions of the Term Loan Joinder subject to the conditions set forth
herein;
 
NOW, THEREFORE, Holdings, the Borrower, the Tranche B Lenders and the
Administrative Agent hereby agree as follows:
 
1. Definitions. Capitalized terms used herein which are not defined herein and
which are defined in the Term Loan Joinder shall have the same meanings as
therein defined.
 
2. Amendment. Effective as of the date hereof (but subject to the occurrence of
the Amendment Effective Date):
 
(i) Section 2(b) of the Term Loan Joinder is hereby amended and restated in its
entirety to read as follows:
 
"(b) All then outstanding Tranche B Term Loans shall be repaid on March 6,
2014."
 
(ii) Section 2(c) of the Term Loan Joinder is hereby amended and restated in its
entirety to read as follows:
 
"(c) The Applicable Margin with respect to the Tranche B Term Loans shall be,
for any day, a rate per annum equal to (i) 0.50% for Tranche B Term Loans
maintained as ABR Loans and (ii) 1.50% for Tranche B Term Loans maintained as
Eurodollar Loans; provided that the Applicable Margins (which, for such purposes
only, shall be deemed to include all upfront or similar fees or original issue
discount payable to all Lenders providing such Term Loans) for any new Term
Loans made after the date of this Term Loan Joinder shall not be greater than
the highest Applicable Margins that may, under any circumstances, be payable
with respect to any outstanding Tranche B Term Loans made pursuant to this Term
Loan Joinder plus 25 basis points, except to the extent that the Applicable
Margins applicable to all outstanding Tranche B Term Loans are increased to the
extent necessary to achieve the foregoing."
 
Except expressly as so amended by this Amendment, the Term Loan Joinder shall
continue in full force and effect in accordance with its terms.
 
3. Conditions to the Effectiveness of the Amendment. This Amendment, and the
amendments and modifications contained herein, shall be and become effective on
the date (the “Amendment Effective Date”) when each of the following conditions
is satisfied:
 
(a)  The Administrative Agent shall have received duly executed and delivered
counterparts of this Amendment that, when taken together, bear the signatures of
the Borrower, Holdings, the Administrative Agent and each Term Loan Lender.
 
(b) All fees required to be paid, and all expenses for which invoices have been
presented (including the reasonable fees and expenses of legal counsel), in
connection with this Amendment shall have been paid or reimbursed, as the case
may be.
 
(c) Each of the representations and warranties made or deemed to be made in this
Amendment shall be true and correct.  
 
4. Representations and Warranties. The Borrower hereby represents and warrants
to the Administrative Agent and each Lender as follows:
 
(a)  Each of the representations and warranties made by any Loan Party in or
pursuant to the Loan Documents is true and correct in all material respects on
and as of the Amendment Effective Date as if made on and as of such date except
to the extent that such representations and warranties relate to an earlier
date, in which case such representation and warranty was true and correct in all
material respects as of such earlier date.
 
(b)  No Default or Event of Default has occurred and is continuing.
 
5. Miscellaneous.
 
(a) Limited Amendment. This Amendment is limited solely for the purposes and to
the extent expressly set forth herein, and, except as expressly consented to and
amended hereby, the terms, provisions and conditions of the Term Loan Joinder
shall continue in full force and effect and are hereby ratified and confirmed in
all respects.
 
(b) No Waiver, Cumulative Remedies. No failure or delay or course of dealing on
the part of the Tranche B Lenders in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power or privilege preclude any other or further
exercise thereof or the exercise of any other right, power or privilege
hereunder. The rights, powers and remedies herein expressly provided are
cumulative and not exclusive of any rights, powers or remedies which the Tranche
B Lenders would otherwise have. No notice to or demand on the Borrower or any
other Loan Party in any case shall entitle the Borrower to any other or further
notice or demand in similar or other circumstances or constitute a waiver of the
rights of the Tranche B Lenders to any other or further action in any
circumstances without notice or demand.
 
(c) Ratification and Reaffirmation; Confirmation; Acknowledgment. Each Guarantor
(i) ratifies and reaffirms the Loan Documents to which such Guarantor is a
party, (ii) confirms such Guarantor's agreement to the terms of this Amendment
and (iii) acknowledges that such Guarantor has no offsets or defenses to such
Guarantor's obligations under the Loan Documents to which such Guarantor is a
party and no claims or counterclaims against the Lenders.
 
(d) Expenses. The Borrower agrees to pay and reimburse the Administrative Agent
for all of its reasonable costs and expenses (including, without limitation,
reasonable fees and disbursements of legal counsel) incurred up to and on the
Amendment Effective Date in connection with the Term Loan Joinder or this
Amendment.
 
(e) Headings Descriptive. The headings of the several Sections and subsections
of this Amendment are inserted for convenience only and shall not in any way
affect the meaning or construction of any provision.
 
(f) Severability. In case any provision in or obligation under this Amendment
shall be invalid, illegal or unenforceable in any jurisdiction, the validity,
legality and enforceability of the remaining provisions or obligations, or of
such provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby.
 
(g) Counterparts. This Amendment may be executed and delivered in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. The delivery of a
counterpart may be made by facsimile or electronic transmission.
 
(h) Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
 

 
[Signature page follows.]
 
 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.
 

        CROWN CASTLE INTERNATIONAL CORP.              
   
   
    By:   /s/ Jay A. Brown  

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Name:  Jay A. Brown   Title:  Vice President

 

        CROWN CASTLE OPERATING COMPANY              
   
   
    By:   /s/ Jay A. Brown  

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Name:  Jay A. Brown   Title:  Vice President

 

        CROWN CASTLE OPERATING LLC     
   
   
    By:   /s/ Jay A. Brown  

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Name:  Jay A. Brown   Title:  Vice President

 

        THE ROYAL BANK OF SCOTLAND PLC, as Administrative Agent             
   
   
    By:   /s/ Vincent Fitzgerald          

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Name:  Vincent Fitzgerald   Title:  Managing Director

 
 

 

 

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SIGNATURE PAGE TO THE AMENDMENT TO TERM LOAN JOINDER, DATED AS OF THE FIRST DATE
WRITTEN ABOVE, AMONG CROWN CASTLE OPERATING COMPANY, CROWN CASTLE INTERNATIONAL
CORP., THE SUBSIDIARY GUARANTORS IDENTIFIED AS SUCH ON THE SIGNATURE PAGES
THERETO, THE LENDERS FROM TIME TO TIME PARTY THERETO, AND THE ROYAL BANK OF
SCOTLAND PLC, AS ADMINISTRATIVE AGENT
 

NAME OF INSTITUTION:
 

       
THE ROYAL BANK OF SCOTLAND PLC,
AS A TERM LOAN LENDER         
 
   
   
    By:   /s/ Vincent Fitzgerald  

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Name:  Vincent Fitzgerald   Title:  Managing Director

 

 

 

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SIGNATURE PAGE TO THE AMENDMENT TO TERM LOAN JOINDER, DATED AS OF THE FIRST DATE
WRITTEN ABOVE, AMONG CROWN CASTLE OPERATING COMPANY, CROWN CASTLE INTERNATIONAL
CORP., THE SUBSIDIARY GUARANTORS IDENTIFIED AS SUCH ON THE SIGNATURE PAGES
THERETO, THE LENDERS FROM TIME TO TIME PARTY THERETO, AND THE ROYAL BANK OF
SCOTLAND PLC, AS ADMINISTRATIVE AGENT
 

NAME OF INSTITUTION:
 

       
MORGAN STANLEY SENIOR FUNDING, INC.
AS A TERM LOAN LENDER           
 
   
   
    By:   /s/ Andrew Earls  

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Name:  Andrew Earls   Title:  Vice President

 
 

 

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SIGNATURE PAGE TO THE AMENDMENT TO TERM LOAN JOINDER, DATED AS OF THE FIRST DATE
WRITTEN ABOVE, AMONG CROWN CASTLE OPERATING COMPANY, CROWN CASTLE INTERNATIONAL
CORP., THE SUBSIDIARY GUARANTORS IDENTIFIED AS SUCH ON THE SIGNATURE PAGES
THERETO, THE LENDERS FROM TIME TO TIME PARTY THERETO, AND THE ROYAL BANK OF
SCOTLAND PLC, AS ADMINISTRATIVE AGENT
 

NAME OF INSTITUTION:
 

       
JP MORGAN CHASE BANK, N.A.,
AS A TERM LOAN LENDER            
 
   
   
    By:   /s/  Christophe Vohmann  

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Name:  Christophe Vohmann   Title:  Vice President