Exhibit 10.25(a)

 

EXECUTION COPY

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NEXTEL PARTNERS, INC.

 

as Issuer,

 

14% SENIOR DISCOUNT NOTES DUE 2009

 

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FIRST SUPPLEMENTAL INDENTURE

 

Dated as of June 23, 2003

 

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THE BANK OF NEW YORK,

 

as Trustee

 

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FIRST SUPPLEMENTAL INDENTURE dated as of June 23, 2003 (the “Supplemental
Indenture”), between NEXTEL PARTNERS, INC., a Delaware corporation (the
“Issuer”) and THE BANK OF NEW YORK, as trustee (the “Trustee”), to the
indenture, dated as of January 29, 1999 between the Issuer and the Trustee (the
“Indenture”).

 

W I T N E S S E T H :

 

WHEREAS, the Issuer and the Trustee have heretofore executed and delivered the
Indenture providing for the issuance of 14% Senior Discount Notes due 2009 (the
“Notes”) of the Issuer;

 

WHEREAS, there is currently outstanding under the Indenture $398,883,000 in
aggregate principal amount of the Notes;

 

WHEREAS, Section 9.02 of the Indenture provides that the Issuer and the Trustee
may, with the written consent of the holders of at least a majority in aggregate
principal amount of the outstanding Notes (the “Requisite Consents”), enter into
a supplemental indenture for the purpose of amending the Indenture;

 

WHEREAS, the Issuer has offered to purchase (the “Offer”) all of the outstanding
Notes upon the terms and subject to the conditions set forth in the Offer to
Purchase and Solicitation of Consents to Proposed Amendments to Related
Indenture, dated June 12, 2003 (the “Offer to Purchase”), and the accompanying
Letter of Transmittal and Consent, as the same may be further amended,
supplemented or modified;

 

WHEREAS, the Offer is conditioned upon, among other things, the proposed
amendments (the “Proposed Amendments”) to the Indenture set forth herein and a
supplemental indenture in respect of the Proposed Amendments having been
executed and delivered, with the operativeness of such Proposed Amendments with
respect to the Notes being subject to, among other things, the acceptance by the
Issuer of the Notes comprising at least the Requisite Consents tendered pursuant
to the Offer and the occurrence of the Final Settlement Date (as defined in the
Offer to Purchase);

 

WHEREAS, the Issuer has received and delivered to the Trustee the Requisite
Consents to effect the Proposed Amendments under the Indenture;

 

WHEREAS, the Issuer has been authorized by its Board of Directors to enter into
this Supplemental Indenture;

 

WHEREAS, all other acts and proceedings required by law, the Indenture and the
restated certificate of incorporation, by-laws and amended and restated
shareholders’ agreement of the Issuer to execute and deliver this Supplemental
Indenture, in accordance with its terms, have been duly done and performed;

 

NOW, THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, and for other good and valuable consideration the
receipt of which is hereby acknowledged, and for the equal and proportionate
benefit of the holders of the Notes, the Issuer and the Trustee hereby agree as
follows:

 

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Section 1. Deletion of Certain Provisions

 

Pursuant to the terms of the Offer to Purchase and the receipt of the Requisite
Consents, the Indenture is hereby amended to delete the following sections in
their entirety and, in the case of each such section, insert in lieu thereof the
phrase [“Intentionally Omitted”], and any and all references to such sections,
any and all obligations thereunder and any Event of Default under the Indenture
related solely to the following sections are hereby deleted throughout the
Indenture, and such sections and references shall be of no further force or
effect:

 

  • Section 10.08 (Limitation on Consolidated Debt);

 

  • Section 10.09 (Limitation on Restricted Payments);

 

  • Section 10.10 (Restricted Subsidiaries);

 

  • Section 10.11 (Transactions with Affiliates);

 

  • Section 10.12 (Liens);

 

  • Section 10.14 (Dividend and Other Payment Restrictions Affecting
Subsidiaries);

 

  • Section 10.16 (Provision of Financial Information);

 

  • Section 10.17 (Statement by Officers as to Default; Compliance
Certificates);

 

  • Section 10.20 (Limitations on Issuances and Sales of Equity Interests in
Wholly Owned Subsidiaries); and

 

  • Section 10.22 (Asset Sales).

 

Section 2. Other Amendments to the Indenture

 

All definitions in the Indenture which are used exclusively in the sections and
clauses deleted pursuant to Section 1 of this Supplemental Indenture are hereby
deleted.

 

Section 3. Effectiveness; Operativeness

 

(a) Subject to Section 3(c) below, this Supplemental Indenture will become
binding on the parties hereto upon the delivery by the Issuer of (i) an
Officers’ Certificate (as defined in the Indenture) to the effect that the
Issuer has accepted for purchase at least a majority in aggregate principal
amount of the outstanding Notes, and (ii) an Opinion of Counsel (as defined in
the Indenture) required by Section 9.03 of the Indenture.

 

(b) Subject to Section 3(c) below, this Supplemental Indenture will become
effective and operative on and simultaneously with the Final Settlement Date.

 

(c) Notwithstanding the foregoing, this Supplemental Indenture will cease to be
binding, effective or operative if the Issuer does not purchase in the Offer
outstanding Notes comprising at least the Requisite Consents prior to the
termination of the Offer.

 

Section 4. Reference to and Effect on the Indenture

 

(a) On and after the effective date of this Supplemental Indenture, each
reference in the Indenture to “this Indenture,” “hereunder,” “hereof,” or
“herein” shall mean and be a reference to the Indenture as supplemented by this
Supplemental Indenture unless the context otherwise requires.

 

(b) Except as specifically amended above, the Indenture shall remain in full
force and effect and is hereby ratified and confirmed.

 

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Section 5. Governing Law

 

This Supplemental Indenture shall be construed and enforced in accordance with
the laws of the State of New York, including without limitation Section 5-1401
of the New York General Obligation Law.

 

Section 6. Defined Terms

 

Unless otherwise indicated, capitalized terms used herein and not defined shall
have the respective meanings given such terms in the Indenture.

 

Section 7. Trust Indenture Act Controls

 

If any provision of this Supplemental Indenture limits, qualifies or conflicts
with another provision of this Supplemental Indenture or the Indenture that is
required to be included by the Trust Indenture Act of 1939, as amended (the
“Act”), as in force at the date this Supplemental Indenture is executed, the
provision required by the Act shall control.

 

Section 8. Trustee Disclaimer

 

The recitals contained in this Supplemental Indenture shall be taken as the
statements of the Issuer, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this Supplemental Indenture.

 

Section 9. Counterparts and Method of Execution

 

This Supplemental Indenture may be executed in several counterparts, all of
which together shall constitute one agreement binding on all parties hereto,
notwithstanding that all the parties have not signed the same counterpart.

 

Section 10. Titles

 

Section titles are for descriptive purposes only and shall not control or alter
the meaning of this Supplemental Indenture as set forth in the text.

 

Section 11. Severability

 

In case any provision of this Supplemental Indenture shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be effected or impaired thereby.

 

[Signature pages to follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
to be executed as of the day and year first above written.

 

NEXTEL PARTNERS, INC.

By:

 

/s/    JOHN THOMPSON        

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Name: John Thompson

Title: VP and CFO

 

 

THE BANK OF NEW YORK

By:

 

/s/    MICHAEL PITFICK        

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Name: Michael Pitfick

Title: Assistant Vice President