Document:

S&S DRAFT

Exhibit

(10)(i)(1.2)

 

LETTER

AMENDMENT NO.  2

 

Dated as of November 3, 2000           

To the banks,

financial institutions and other

institutional lenders (collectively, the “Lenders”)

parties to the Credit Agreement referred to

below and Bank of America, N.A., as

syndication agent, Credit Suisse First Boston

(“CSFB”) and The Bank of New York (“BNY”),

as co-documentation agents, PNC Bank, N.A.,

collectively with CSFB and BNY, as co-arrangers,

and Citicorp USA, Inc., as administrative agent

(the “Administrative Agent”) for the Lenders

under the Credit Agreement

 

Ladies and

Gentlemen:

 

We refer to the

Amendment and Restatement of the Credit Agreement dated as of January 12, 2000

and amended by Letter Amendment and Waiver No. 1 dated as of May 17, 2000 (as

amended, the “Credit Agreement”) among the undersigned and you.  Capitalized terms not otherwise defined in

this Letter Amendment have the same meanings as specified in the Credit

Agreement.

 

We hereby request

that you amend the Credit Agreement on the terms and conditions set forth

herein.

 

SECTION 1.  Amendment to the Credit Agreement.  Upon the occurrence of the Amendment

Effective Date, Section 2.01(a)(i) of the Credit Agreement is hereby amended by

deleting the first sentence therein in its entirety and substituting therefor

the following:

 

“(i) Each Term Lender severally agrees, on the terms

and conditions hereinafter set forth, to make advances (each a “Term A Advance”) to

the Borrowers on any Business Day during the period from the date hereof until

January 12, 2001 in an aggregate amount not to exceed the unused portion of

such Lender’s Term Commitment at such time.”

 

SECTION 2.  Conditions Precedent to Effectiveness of

this Letter Amendment.  This Letter

Amendment shall become effective as of the date first above written (the “Amendment

Effective Date”), when and only when, each of the following conditions

precedent shall have been satisfied:

 

 

(i)            The Administrative Agent shall have

received counterparts of (i) this Letter Amendment executed by the undersigned

and the Required Lenders or, as to any of the Lenders, advice satisfactory to

the Administrative Agent that such Lender has executed this Letter Amendment,

and (ii) the Consent attached hereto executed by each of the Subsidiary

Guarantors.

 

(ii)           The representations and warranties

set forth in each of the Loan Documents shall be correct in all material

respects on and as of the Amendment Effective Date, before and after giving

effect to this Letter Amendment, as though made on and as of such date (except

for any such representation and warranty that, by its terms, refers to a

specific date other than the Amendment Effective Date, in which case as of such

specific date).

 

(iii)          No event shall have occurred and be

continuing, or shall result from the effectiveness of this Letter Amendment

that constitutes a Default or Event of Default.

 

(iv)          All of the accrued fees and expenses

of the Administrative Agent and the Lenders, including the accrued fees and

expenses of counsel for the Administrative Agent, shall have been paid in full.

 

The effectiveness

of this Letter Amendment is further conditioned upon the accuracy of all of the

factual matters described herein.  This

Letter Amendment is subject to the provisions of Section 9.01 of the Credit

Agreement.

 

SECTION 3.  Reference to and Effect on the Loan

Documents.  (a) On and after the

effectiveness of this Letter Amendment, each reference in the Credit Agreement

to “this Agreement”, “hereunder”, “hereof” or words of like import referring to

the Credit Agreement, and each reference in the Notes and each of the other

Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of

like import referring to the Credit Agreement, shall mean and be a reference to

the Credit Agreement, as amended by this Letter Amendment.

 

(b)  The Credit Agreement, as specifically

amended by this Letter Amendment, the Notes and each of the other Loan

Documents are and shall continue to be in full force and effect and are hereby

in all respects ratified and confirmed. Without limiting the generality of the

foregoing, the Collateral Documents and all of the Collateral described therein

do and shall continue to secure the payment of all Obligations of the Loan

Parties under the Loan Documents, in each case as amended by this Letter

Amendment.  The execution, delivery and

effectiveness of this Letter Amendment shall not, except as expressly provided

herein, operate as a waiver of any right, power or remedy of any Lender or the

Administrative Agent under any of the Loan Documents, nor constitute a waiver

of any provision of any of the Loan Documents.

 

SECTION 4.  Costs and Expenses.  Each of the Borrowers hereby severally

agrees to pay, upon demand, all of the reasonable costs and expenses of the

Administrative Agent (including, without limitation, the reasonable fees and

expenses of counsel for the Administrative Agent) in connection with the

preparation, execution, delivery, administration, modification and amendment of

this Letter Amendment and all of the instruments, agreements

 

2

 

and

other documents delivered or to be delivered in connection herewith, all in

accordance with the terms of Section 9.04 of the Credit Agreement.

 

SECTION 5.  Execution in Counterparts.  This Letter Amendment may be executed in any

number of counterparts and by different parties hereto in separate

counterparts, each of which when so executed shall be deemed to be an original

and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a

signature page to this Letter Amendment by telecopier shall be effective as

delivery of a manually executed counterpart of this Letter Amendment.

 

If you agree to

the terms and provisions hereof, please evidence such agreement by executing

and returning at least two counterparts of this Letter Amendment to Mark Floyd,

Director, Salomon Smith Barney Inc., 390 Greenwich Street, New York, New York

10013.

 

3

 

This Letter Amendment

shall be governed by, and construed in accordance with, the laws of the State

of New York.

 

	

   

  	

  Very truly yours,

  
	

   

  	

   

  
	

   

  	

  BROADWING INC.

  (f/k/a  CINCINNATI BELL INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BROADWING  COMMUNICATIONS

  
	

   

  	

  SERVICES INC. (f/k/a

  IXC 

  
	

   

  	

  COMMUNICATIONS

  SERVICES, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

Agreed as of the

date first above written:

 

	

  CITICORP USA,

  INC.,

  
	

  as Administrative Agent

  and as Lender

  
	

  By 

  	

   

  	

   

  
	

  Title:

  
	

   

  
	

  BANK OF AMERICA,

  N.A.,

  
	

  as Syndication Agent

  and as Lender

  
	

   

  
	

   

  
	

  By 

  	

   

  	

   

  
	

  Title:

  
					

 

	

   

  	

  Lenders:

  
	

   

  	

   

  
	

   

  	

  CREDIT SUISSE FIRST

  BOSTON

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

4

 

	

   

  	

  THE BANK OF NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  PNC BANK, N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ABN AMRO BANK N.V.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ARCHIMEDES FUNDING,

  L.L.C.

  
	

   

  	

  By: ING Capital

  Advisors LLC, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ARCHIMEDES FUNDING II,

  LTD.

  
	

   

  	

  By: ING Capital

  Advisors LLC, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ARCHIMEDES FUNDING III,

  LTD.

  
	

   

  	

  By: ING Capital

  Advisors LLC, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

5

 

	

   

  	

  ATHENA CDO, LIMITED

  
	

   

  	

  By: Pacific Investment

  Management Company, as its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BANK AUSTRIA CREDITANSTALT

  

  
	

   

  	

  CORPORATE FINANCE, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BANK OF CHINA, NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  THE BANK OF

  TOKYO-MITSUBISHI, LTD.,

  
	

   

  	

  CHICAGO BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BAYERISCHE HYPO-UND

  VEREINSBANK AG,

  
	

   

  	

  NEW YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
						

 

6

 

	

   

  	

  CAPTIVA IV FINANCE

  LTD., as advised by

  
	

   

  	

  Pacific Investment

  Management Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CAPTIVA III FINANCE

  LTD., as advised by

  
	

   

  	

  Pacific Investment Management

  Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CARLYLE HIGH YIELD

  PARTNER II, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CHANG HWA COMMERCIAL

  BANK, LTD.

  
	

   

  	

  New York Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CHINATRUST COMMERCIAL

  BANK, LTD.

  
	

   

  	

  New York Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

7

 

	

   

  	

  COMMERCEBANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  Citibank International

  plc as Global Investment Manager and Group Funding Manager for and on behalf

  of Five Finance Corporation

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE INVESTMENT

  MANAGEMENT 

  
	

   

  	

  COMPANY, INC.

  
	

   

  	

  As: Attorney-in-Fact

  and on behalf of First

  
	

   

  	

  Allmerica Financial

  Life Insurance Company as

  
	

   

  	

  Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE

  INSTITUTIONAL FUND LLC

  
	

   

  	

  By: CypressTree

  Investment Management

  
	

   

  	

  Company, Inc., its

  Managing Member

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE INVESTMENT

  FUND LLC

  
	

   

  	

  By: CypressTree

  Investment Management

  
	

   

  	

  Company, Inc., its

  Managing Member

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

8

 

	

   

  	

  CYPRESSTREE INVESTMENT

  PARTNERS I, LTD.

  
	

   

  	

  By: CypressTree

  Investment Management

  
	

   

  	

  Company, Inc., as

  Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE INVESTMENT

  PARTNERS II, LTD.

  
	

   

  	

  By: CypressTree

  Investment Management

  
	

   

  	

  Company, Inc., as

  Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  DELANO COMPANY

  
	

   

  	

  By: Pacific Investment

  Management Company, as

  
	

   

  	

  its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  DEUTSCHE BANK AG, NEW

  YORK AND/OR

  
	

   

  	

  CAYMAN ISLAND BRANCHES

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ELT LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

9

 

	

   

  	

  ERSTE BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  EXCEL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  EXPORT DEVELOPMENT

  CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIFTH THIRD BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIRST DOMINION FUNDING

  I

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIRST DOMINION FUNDING

  II

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

10

 

	

   

  	

  FIRST HAWAIIAN BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIRST UNION NATIONAL

  BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIRSTAR BANK N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIRSTRUST BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FLEET NATIONAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FRANKLIN FLOATING RATE

  TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
						

 

11

 

	

   

  	

  FUJI BANK LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  GENERAL ELECTRIC

  CAPITAL CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  HARCH CLO I, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ING SWISS LIFE US

  RAINBOW LIMITED

  
	

   

  	

  By:  ING Capital Advisors LLC, as Investment

  Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL

  FUNDING IIA, LTD.

  
	

   

  	

  By:  Indosuez Capital as Portfolio Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

12

 

	

   

  	

  INDOSUEZ CAPITAL

  FUNDING IV, L.P.

  
	

   

  	

  By:  Indosuez Capital as Portfolio Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KEMPER FLOATING RATE

  FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KEY BANK NATIONAL

  ASSOCIATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH CYPRESSTREE-1 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH ING-1 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH ING-2 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

13

 

	

   

  	

  KZH ING-3 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH LANGDALE LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH CNC LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH SHOSHONE LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  KZH STERLING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  IBM CREDIT CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

14

 

	

   

  	

  MERITA BANK PLC, NEW

  YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH GLOBAL

  INVESTMENT

  
	

   

  	

  SERIES:  BANK LOAN INCOME PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH GLOBAL

  INVESTMENT

  
	

   

  	

  SERIES: INCOME

  STRATEGIES PORTFOLIO

  
	

   

  	

  By: Merrill Lynch Asset

  Management, L.P., as Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH SENIOR

  FLOATING RATE FUND, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ML CLO XII PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

15

 

	

   

  	

  ML CLO XV PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ML CLO XX PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  NATIONAL CITY BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  NORTH AMERICAN SENIOR

  FLOATING RATE FUND

  
	

   

  	

  By: CypressTree Investment

  Management Company, Inc., as Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  OPPENHEIMER SENIOR

  FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

16

 

	

   

  	

  OXFORD STRATEGIC INCOME

  FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  PACIFICA PARTNERS I,

  L.P.

  
	

   

  	

  By: Imperial Credit

  Asset Management As its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  PILGRIM AMERICA HIGH

  INCOME INVESTMENTS LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc. as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  PILGRIM CLO 1999-1 LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc. as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ROYAL BANK OF CANADA

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

17

 

	

   

  	

  ROYALTON COMPANY

  
	

   

  	

  By: Pacific Investment

  Management Company, as its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SEQUILES PILGRIM I,

  LTD.

  
	

   

  	

  By: Pilgrim

  Investments, Inc., As its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  THE PROVIDENT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  THE SUMITOMO BANK,

  LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SUMMIT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

18

 

	

   

  	

  TORONTO DOMINION (NEW

  YORK), INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  TRIGON HEALTHCARE INC.

  (Acct  674)

  
	

   

  	

  By Pacific Investment

  Management Company, as its Investment Advisor, acting through The Bank of New

  York in the Nominee Name of Hare & Co.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN CLO I,

  LIMITED

  
	

   

  	

  By: Van Kampen

  Management Inc., as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN CLO II,

  LIMITED

  
	

   

  	

  By: Van Kampen

  Management Inc., as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN SENIOR

  FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

19

 

	

   

  	

  VAN KAMPEN SENIOR

  INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  WINGED FOOT FUNDING

  TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  MAPLEWOOD (CAYMEN)

  LIMITED,

  
	

   

  	

  as Assignee

  
	

   

  	

  By: Massachusetts

  Mutual Life Insurance Company, as Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  MASSACHUSETTS MUTUAL

  LIFE INSURANCE COMPANY,

  
	

   

  	

  as Assignee

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SIMSBURY CLO, LIMITED,

  
	

   

  	

  as Assignee

  
	

   

  	

  By: Massachusetts

  Mutual Life Insurance Company, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

20

 

	

   

  	

  CITIBANK N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  EATON VANCE SENIOR

  INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  FIVE FINANCE CORP

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  EATON VANCE

  INSTITUTIONAL SENIOR LOAN

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CAPTIVA FINANCE LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CARLYLE HIGH YIELD

  PARTNERS LP

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

21

 

	

   

  	

  CITIZENS BANK OF

  MASSACHUSETTS

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  COBANK, ACB

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  GRAYSON & CO.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  GREAT POINT CLO 1999-1

  LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  HARBORVIEW CDO 11 LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL

  FUNDING V1, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

22

 

	

   

  	

  NEMEAN CLO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  PILGRIM PRIME RATE

  TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SANKATY HIGH YIELD

  ASSET PARTNERS, L.P.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SANKATY HIGH YIELD

  ASSET PARTNERS 11, L.P.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  SENIOR DEBT PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

23

 

	

   

  	

  SUMITOMO TRUST AND

  BANKING CO., LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  UNITED WORLD CHINESE

  COMMERCIAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  TYLER TRADING, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

   

  
	

   

  	

  Title:

  

 

24

 

CONSENT

 

Each of the undersigned, as (i) Grantor under the

Non-Shared Collateral Security Agreement dated as of November 9, 1999 and

amended by Letter Amendment and Waiver No. 1 dated as of May 17, 2000 (as

amended, the “Non-Shared Collateral Security Agreement”) in favor of the

Citicorp USA, Inc., as Administrative Agent (the “Administrative Agent”),

for its benefit and the benefit of the Lenders parties to the Credit Agreement

referred to in the foregoing Letter Amendment, and/or (ii) Grantor under the

Shared Collateral Security Agreement and amended by Letter Amendment and Waiver

No. 1 dated as of May 17, 2000 (as amended, the “Shared Collateral Security

Agreement”, and together with the Non-Shared Collateral Security Agreement,

the “Security Agreements”) in favor of Wilmington Trust Company and John

M. Beeson, as Collateral Trustees, for their benefit and the benefit of the

Secured Holders referred to therein, and (iii) Guarantor under the IXCS

Subsidiary Guaranty dated as of November 9, 1999 (the “IXCS Subsidiary

Guaranty”) in favor of the Secured Parties referred to therein, and/or (iv)

Guarantor under the CBI Subsidiary Guaranty dated as of November 9, 1999 (the “CBI

Subsidiary Guaranty”, and together with the IXCS Subsidiary Guaranty, the “Guarantees”)

in favor of the Secured Parties referred to therein, hereby consents to such

Letter Amendment and hereby confirms and agrees that (a) notwithstanding the

effectiveness of such Letter Amendment, each Security Agreement and Guarantee

to which it is a party is, and shall continue to be, in full force and effect and

is hereby ratified and confirmed in all respects, and (b) the Security

Agreements to which such Grantor is a party and all of the Collateral described

therein do, and shall continue to, secure the payment of all of the Secured

Obligations (in each case, as defined therein.)

 

	

   

  	

  BROADWING INC. (f/k/a

  CINCINNATI BELL INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BROADWING

  COMMUNICATIONS SERVICES INC. (f/k/a IXC COMMUNICATIONS SERVICES, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

25

 

	

   

  	

  BROADWING

  COMMUNICATIONS INC. (f/k/a IXC COMMUNICATIONS, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL SUPPLY

  COMPANY

  
	

   

  	

  CINCINNATI BELL

  DIRECTORY INC.

  
	

   

  	

  CINCINNATI BELL NETWORK

  SOLUTIONS INC.

  
	

   

  	

  ENTERPRISEWISE IT

  CONSULTING LLC

  
	

   

  	

  ZOOMTOWN.COM INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL LONG

  DISTANCE INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CTI LONG LINES INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL

  WIRELESS COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

26

 

	

   

  	

  CINCINNATI BELL

  HOLDINGS INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  ATLANTIC

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

  CENTRAL

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

  DELAWARE

  CAPITAL PROVISIONING, INC.

  
	

   

  	

  DPNET, INC.

  
	

   

  	

  EASTERN TELECOM OF

  WASHINGTON, D.C., INC.

  
	

   

  	

  BROADWING

  TELECOMMUNICATIONS INC. (f/k/a ECLIPSE TELECOMMUNICATIONS, INC.)

  
	

   

  	

  IXC BUSINESS SERVICES,

  LLC

  
	

   

  	

  IXC COMMUNICATIONS

  SERVICES OF VIRGINIA, INC.

  
	

   

  	

  IXC INTERNATIONAL, INC.

  
	

   

  	

  IXC INTERNET SERVICES,

  INC.

  
	

   

  	

  IXC LEASING, LLC

  
	

   

  	

  NETWORK ADVANCES

  SERVICES, INC.

  
	

   

  	

  RIO GRANDE TRANSMISSION,

  INC.

  
	

   

  	

  TELCOM ENGINEERING,

  INC.

  
	

   

  	

  TELECOM ONE, INC.

  
	

   

  	

  THE DATA PLACE, INC.

  
	

   

  	

  TOWER COMMUNICATION

  SYSTEMS CORP.

  
	

   

  	

  WEST TEXAS MICROWAVE

  COMPANY

  
	

   

  	

  WESTERN

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

27

 

	

   

  	

  NETWORK EVOLUTIONS,

  INCORPORATED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  

 

28S&S DRAFT

Exhibit

(10)(i)(1.3)

EXECUTION

COPY

 

LETTER

AMENDMENT AND WAIVER NO. 3

 

Dated as of June 12, 2001                                         

 

To the banks,

financial institutions and other

institutional lenders (collectively, the “Lenders”)

parties to the Credit Agreement referred to

below and Bank of America, N.A., as

syndication agent, Credit Suisse

First Boston

(“CSFB”) and The Bank of New York (“BNY”),

as co-documentation agents, PNC Bank, N.A.,

collectively with CSFB and BNY, as co-arrangers,

and Citicorp USA, Inc., as administrative agent

(the “Administrative Agent”) for the Lenders

under the Credit Agreement

 

Ladies and

Gentlemen:

 

We refer to the

Amendment and Restatement of the Credit Agreement dated as of January 12, 2000

and amended by Letter Amendment and Waiver No. 1 dated as of May 17, 2000 and

Letter Amendment No. 2 dated as of November 3, 2000 (as amended, the “Credit

Agreement”) among Broadwing Inc. (“Broadwing”) and Broadwing

Communications Services Inc., as Borrowers, and you.  Capitalized terms not otherwise defined in this Letter Amendment

and Waiver No. 3 (this “Letter Amendment”) have the same meanings as

specified in the Credit Agreement.

 

We hereby request

that you waive certain Events of Default which may have occurred and amend the

Credit Agreement on the terms and conditions set forth herein.

 

SECTION 1.           Amendment to the Credit Agreement.  Upon the occurrence of the Amendment No. 3

Effective Date, clause (v) of the definition of “Consolidated EBITDA”

set forth in Section 1.01 of the Credit Agreement is hereby amended and restated

in its entirety to read as follows:

 

“(v) all non-cash, non-recurring charges deducted

in determining the consolidated net income of such Person and its Subsidiaries

for such period in an amount not to exceed $100,000,000 in aggregate for the

four consecutive fiscal quarters ended on or immediately prior to the date of

determination (excluding from such dollar limit all non-cash losses with

respect to the decrease in value of the equity investments in PSINet Inc.,

Applied Theory Corporation and ZeroPlus.com, Inc. reflected in the financial

statements of Broadwing in Fiscal Year 2000) and all extraordinary losses

 

 

deducted in determining the consolidated net income of

such Person and its Subsidiaries for such period (provided that any cash

payment made with respect to any such non-cash charge shall be subtracted in

computing Consolidated EBITDA during the period in which such cash payment is

made) less all extraordinary gains and non-cash, non-recurring gains added in

determining the consolidated net income of such Person and its Subsidiaries for

such period, in each case determined in accordance with GAAP for such period.”.

 

SECTION 2.           Waiver under the Credit Agreement.

We hereby request that you waive any Default or Event of Default which may have

occurred under Sections 5.04(a), (b) and (d) of the Credit Agreement for the

fourth fiscal quarter of Fiscal Year 2000 and the first fiscal quarter of the

Fiscal Year 2001 as a result of including non-cash losses with respect to the

decrease in value of the equity investments in PSINet Inc., Applied Theory

Corporation and ZeroPlus.com, Inc. in the calculation of EBITDA for such

periods.

 

SECTION 3.           Conditions Precedent to

Effectiveness of this Letter Amendment. 

This Letter Amendment shall become effective as of the date first above

written (the “Amendment No. 3 Effective Date”), when and only when, each

of the following conditions precedent shall have been satisfied:

 

(a)                                  The

Administrative Agent shall have received counterparts of (x) this Letter

Amendment executed by the undersigned, the Required Lenders or, as to any of

the Lenders, advice satisfactory to the Administrative Agent that such Lender

has executed this Letter Amendment, and (y) the Consent attached hereto

executed by each of the Subsidiary Guarantors;

 

(b)                                 The

representations and warranties set forth in each of the Loan Documents shall be

correct in all material respects on and as of the Amendment No. 3 Effective

Date, before and after giving effect to this Letter Amendment, as though made

on and as of such date (except for any such representation and warranty that,

by its terms, refers to a specific date other than the Amendment No. 3

Effective Date, in which case as of such specific date);

 

(c)                                  No

event shall have occurred and be continuing, or shall result from the

effectiveness of this Letter Amendment that constitutes a Default or Event of

Default other than the Defaults and Events of Default expressly waived under

Section 2; and

 

(d)                                 All

of the accrued fees and expenses of the Administrative Agent and the Lenders,

including the accrued fees and expenses of counsel for the Administrative Agent

shall have been paid in full.

 

2

 

The effectiveness

of this Letter Amendment is further conditioned upon the accuracy of all of the

factual matters described herein.  This

Letter Amendment is subject to the provisions of Section 9.01 of the

Credit Agreement.

 

SECTION 4.           Reference to and Effect on the

Loan Documents.  (a) On and after

the effectiveness of this Letter Amendment, each reference in the Credit

Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import

referring to the Credit Agreement, and each reference in the Notes and each of

the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or

words of like import referring to the Credit Agreement, shall mean and be a

reference to the Credit Agreement, as amended by this Letter Amendment.

 

(b)           The Credit Agreement, as specifically

amended by this Letter Amendment, the Notes and each of the other Loan

Documents are and shall continue to be in full force and effect and are hereby

in all respects ratified and confirmed. Without limiting the generality of the

foregoing, the Collateral Documents and all of the Collateral described therein

do and shall continue to secure the payment of all Obligations of the Loan

Parties under the Loan Documents, as amended by this Letter Amendment.  The execution, delivery and effectiveness of

this Letter Amendment shall not, except as expressly provided herein, operate

as a waiver of any right, power or remedy of any Lender or the Administrative

Agent under any of the Loan Documents, nor, except as expressly provided

herein, constitute a waiver of any provision of any of the Loan Documents.

 

SECTION 5.           Costs and Expenses.  Each of the Borrowers hereby severally

agrees to pay, upon demand, all of the reasonable costs and expenses of the

Administrative Agent (including, without limitation, the reasonable fees and

expenses of counsel for the Administrative Agent) in connection with the

preparation, execution, delivery, administration, modification and amendment of

this Letter Amendment and all of the instruments, agreements and other

documents delivered or to be delivered in connection herewith, all in

accordance with the terms of Section 9.04 of the Credit Agreement.

 

SECTION 6.           Execution in Counterparts.  This Letter Amendment may be executed in any

number of counterparts and by different parties hereto in separate

counterparts, each of which when so executed shall be deemed to be an original

and all of which taken together shall constitute one and the same

agreement.  Delivery of an executed

counterpart of a signature page to this Letter Amendment by telecopier shall be

effective as delivery of a manually executed counterpart of this Letter

Amendment.

 

If you agree to

the terms and provisions hereof, please evidence such agreement by executing

and returning at least two counterparts of this Letter Amendment to John Judge,

Director, Salomon Smith Barney Inc., 390 Greenwich Street, New York, New York

10013.

 

3

 

This Letter

Amendment and Waiver shall be governed by, and construed in accordance with,

the laws of the State of New York.

 

	

   

  	

  Very truly yours,

  
	

   

  	

   

  
	

   

  	

  BROADWING INC. (f/k/a

  CINCINNATI BELL INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BROADWING

  COMMUNICATIONS

  
	

   

  	

  SERVICES INC. (f/k/a

  IXC COMMUNICATIONS SERVICES, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

	

  Agreed as of the

  date first above written:

  	

   

  
	

   

  	

   

  
	

  CITICORP USA,

  INC.,

  	

   

  
	

  as

  Administrative Agent and as Lender

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  By

  	

   

  	

   

  
	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  BANK OF AMERICA,

  N.A.,

  	

   

  
	

  as Syndication

  Agent and as Lender

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  By

  	

   

  	

   

  
	

  Title:

  	

   

  

 

4

 

	

   

  	

  Lenders:

  
	

   

  	

   

  
	

   

  	

  CREDIT SUISSE FIRST

  BOSTON

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE BANK OF NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PNC BANK, N.A

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ABN AMRO BANK N.V.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ARCHIMEDES FUNDING,

  L.L.C.

  
	

   

  	

  By:  ING Capital Advisors LLC, as Collateral

  Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ARCHIMEDES FUNDING II,

  LTD.

  
	

   

  	

  By:  ING Capital Advisors LLC, as Collateral

  Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
						

 

5

 

	

   

  	

  ARCHIMEDES FUNDING III,

  LTD.

  
	

   

  	

  By:  ING Capital Advisors LLC, as Collateral

  Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ATHENA CDO, LIMITED

  
	

   

  	

  By

  	

  Pacific Investment

  Management Company, as its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK AUSTRIA

  CREDITANSTALT

  CORPORATE FINANCE, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK OF CHINA, NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE BANK OF

  TOKYO-MITSUBISHI, LTD.,

  CHICAGO BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

6

 

	

   

  	

  BAYERISCHE HYPO-UND

  VEREINSBANK AG,

  NEW YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA IV FINANCE

  LTD., as advised by

  Pacific Investment Management Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA III FINANCE

  LTD., as advised by

  Pacific Investment Management Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CHANG HWA COMMERCIAL

  BANK, LTD.

  New York Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CHASE MANHATTAN BANK

  FOR KZH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

7

 

	

   

  	

  CHINATRUST COMMERCIAL

  BANK, LTD.

  New York Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  COMMERCEBANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE INVESTMENT

  PARTNERS I, LTD.

  
	

   

  	

  By

  	

  CypressTree Investment

  Management

  Company, Inc., as Portfolio Manager

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE INVESTMENT

  PARTNERS II, LTD.

  
	

   

  	

  By

  	

  CypressTree Investment

  Management

  Company, Inc., as Portfolio Manager

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  DELANO COMPANY

  
	

   

  	

  By

  	

  Pacific Investment

  Management

  Company, as its Investment Advisor

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

8

 

	

   

  	

  DEUTSCHE BANK AG, NEW

  YORK AND/OR

  CAYMAN ISLAND BRANCHES

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ELT LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ERSTE BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EXCEL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EXPORT DEVELOPMENT

  CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIFTH THIRD BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRST DOMINION FUNDING

  I

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

9

 

	

   

  	

  FIRST DOMINION FUNDING

  II

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRST HAWAIIAN BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRST UNION NATIONAL

  BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRSTAR BANK N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRSTRUST BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FLEET NATIONAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FUJI BANK LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

10

 

	

   

  	

  GENERAL ELECTRIC

  CAPITAL CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  HARCH CLO I, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ING SWISS LIFE US

  RAINBOW LIMITED

  
	

   

  	

  By

  	

  ING Capital Advisors

  LLC, as Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL

  FUNDING IIA, LTD.

  
	

   

  	

  By

  	

  Indosuez Capital as

  Portfolio Advisor

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL

  FUNDING IV, L.P.

  
	

   

  	

  By

  	

  Indosuez Capital as

  Portfolio Advisor

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KEMPER FLOATING RATE

  FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

11

 

	

   

  	

  KEY BANK NATIONAL

  ASSOCIATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CYPRESSTREE-1 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH ING-1 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH ING-2 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH ING-3 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CNC LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH STERLING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

12

 

	

   

  	

  IBM CREDIT CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MERITA BANK PLC, NEW

  YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH GLOBAL

  INVESTMENT

  SERIES: BANK LOAN INCOME PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH GLOBAL

  INVESTMENT

  SERIES: INCOME STRATEGIES PORTFOLIO

  
	

   

  	

  By:

  	

  Merrill Lynch Asset

  Management, L.P., as Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MERRILL LYNCH SENIOR

  FLOATING RATE FUND, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

13

 

	

   

  	

  ML CLO XII PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments,

  Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ML CLO XV PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments,

  Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ML CLO XX PILGRIM

  AMERICA (CAYMAN) LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments,

  Inc., as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NATIONAL CITY BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NORTH AMERICAN SENIOR

  FLOATING RATE FUND

  
	

   

  	

  By:

  	

  CypressTree Investment

  Management

  Company, Inc., as Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  OPPENHEIMER SENIOR

  FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

14

 

	

   

  	

  OXFORD STRATEGIC INCOME

  FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PACIFICA PARTNERS I,

  L.P.

  
	

   

  	

  By:

  	

  Imperial Credit Asset

  Management, as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PILGRIM AMERICA HIGH

  INCOME INVESTMENTS LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments,

  Inc. as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PILGRIM CLO 1999-1 LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments,

  Inc. as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ROYAL BANK OF CANADA

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ROYALTON COMPANY

  
	

   

  	

  By:

  	

  Pacific Investment

  Management Company, as its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
						

 

15

 

	

   

  	

  SEQUILES PILGRIM I,

  LTD.

  
	

   

  	

  By:  Pilgrim Investments, Inc., as its

  Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE PROVIDENT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE SUMITOMO BANK,

  LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SUMMIT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TORONTO DOMINION (NEW

  YORK), INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN CLO I,

  LIMITED

  
	

   

  	

  By:  Van Kampen Management Inc., as Collateral

  Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

16

 

	

   

  	

  VAN KAMPEN CLO II,

  LIMITED

  
	

   

  	

  By:

  	

  Van Kampen Management

  Inc., as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN SENIOR

  INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  WINGED FOOT FUNDING

  TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MAPLEWOOD (CAYMAN)

  LIMITED, as Assignee

  
	

   

  	

  By:

  	

  Massachusetts

  Mutual Life Insurance Company, as

  
	

   

  	

   

  	

  Investment

  Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MASSACHUSETTS MUTUAL

  LIFE INSURANCE COMPANY, as Assignee

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
							

 

17

 

	

   

  	

  SIMSBURY CLO, LIMITED,

  as Assignee

  
	

   

  	

  By:

  	

  Massachusetts Mutual

  Life Insurance Company, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CITIBANK N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EATON VANCE SENIOR

  INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  Citibank, N.A. as

  additional Investment Manager for and on behalf of FIVE FINANCE CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EATON VANCE

  INSTITUTIONAL SENIOR LOAN

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA FINANCE LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
						

 

18

 

	

   

  	

  CITIZENS BANK OF

  MASSACHUSETTS

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  COBANK, ACB

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  GRAYSON & CO.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  GREAT POINT CLO 1999-1

  LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL

  FUNDING V1, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NEMEAN CLO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PILGRIM PRIME RATE

  TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

19

 

	

   

  	

  SANKATY HIGH YIELD

  ASSET PARTNERS II, L.P.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SENIOR DEBT PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SUMITOMO TRUST AND

  BANKING CO., LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  UNITED WORLD CHINESE

  COMMERCIAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TYLER TRADING, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ADDISON CDO, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  AMMC CDO II, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

20

 

	

   

  	

  BAYERISCHE LANDESBANK

  GIROZENTRALE CAYMAN ISLANDS BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CARLYLE HIGH YIELD

  PARTNERS III, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CENTURION CDO II, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CENTURION CDO III, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CHARTER VIEW PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  DIVERSIFIED CREDIT

  PORTFOLIO LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EAST WEST BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

21

 

	

   

  	

  IKB CAPITAL CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ING PILGRIM SENIOR

  INCOME FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  JISSEKIKUN FUNDING,

  LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  LBS BANK NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NATIONAL WESTMINSTER

  BANK PLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PHOENIX FUNDING LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

22

 

	

   

  	

  RIVIERA FUNDING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SEQUILLS-CENTURION V,

  LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THERMOPYLAE FUNDING

  CORP.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  WEBSTER BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

23

 

CONSENT

 

Each of the undersigned, as (i) Grantor under the Non-Shared

Collateral Security Agreement dated as of November 9, 1999 and amended by

Letter Amendment and Waiver No. 1 dated as of May 17, 2000 (as amended, the “Non-Shared

Collateral Security Agreement”) in favor of the Citicorp USA, Inc., as

Administrative Agent (the “Administrative Agent”), for its benefit and

the benefit of the Lenders parties to the Credit Agreement referred to in the

foregoing Letter Amendment, and/or (ii) Grantor under the Shared Collateral

Security Agreement and amended by Letter Amendment and Waiver No. 1 dated as of

May 17, 2000 (as amended, the “Shared Collateral Security Agreement”,

and together with the Non-Shared Collateral Security Agreement, the “Security

Agreements”) in favor of Wilmington Trust Company and John M. Beeson, as

Collateral Trustees, for their benefit and the benefit of the Secured Holders

referred to therein, and (iii) Guarantor under the IXCS Subsidiary Guaranty

dated as of November 9, 1999 (the “IXCS Subsidiary Guaranty”) in favor

of the Secured Parties referred to therein, and/or (iv) Guarantor under the CBI

Subsidiary Guaranty dated as of November 9, 1999 (the “CBI Subsidiary

Guaranty”, and together with the IXCS Subsidiary Guaranty, the “Guarantees”)

in favor of the Secured Parties referred to therein, hereby consents to such

Letter Amendment and hereby confirms and agrees that (a) notwithstanding the

effectiveness of such Letter Amendment, each Security Agreement and Guarantee

to which it is a party is, and shall continue to be, in full force and effect

and is hereby ratified and confirmed in all respects, and (b) the Security

Agreements to which such Grantor is a party and all of the Collateral described

therein do, and shall continue to, secure the payment of all of the Secured

Obligations (in each case, as defined therein.)

 

	

   

  	

  BROADWING INC.

  
	

   

  	

  (f/k/a CINCINNATI BELL

  INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BROADWING

  COMMUNICATIONS SERVICES INC. 

  
	

   

  	

  (f/k/a IXC COMMUNICATIONS SERVICES, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
					

 

24

 

	

   

  	

  BROADWING

  COMMUNICATIONS INC. 

  
	

   

  	

  (f/k/a IXC

  COMMUNICATIONS, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL

  DIRECTORY INC.

  
	

   

  	

  BROADWING IT CONSULTING

  INC. 

  ZOOMTOWN.COM INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL

  WIRELESS COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BROADWING HOLDINGS INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL ANY

  DISTANCE INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL PUBLIC

  COMMUNICATIONS INC.

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  
					

 

 

25

 

	

   

  	

  ATLANTIC

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

  CENTRAL

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

  BROADWING

  TELECOMMUNICATIONS INC. 

  (f/k/a ECLIPSE TELECOMMUNICATIONS, INC.)

  
	

   

  	

  IXC BUSINESS SERVICES,

  LLC

  
	

   

  	

  BROADWING

  COMMUNICATIONS SERVICES OF

  VIRGINIA, INC.

  
	

   

  	

  IXC INTERNATIONAL, INC.

  
	

   

  	

  IXC INTERNET SERVICES,

  INC.

  
	

   

  	

  RIO GRANDE

  TRANSMISSION, INC.

  
	

   

  	

  TELCOM ENGINEERING,

  INC.

  
	

   

  	

  THE DATA PLACE, INC.

  
	

   

  	

  TOWER COMMUNICATION

  SYSTEMS CORP.

  
	

   

  	

  WEST TEXAS MICROWAVE

  COMPANY

  
	

   

  	

  WESTERN

  STATES MICROWAVE TRANSMISSION COMPANY

  
	

   

  	

  BROADWING LOCAL

  SERVICES INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  	

   

  
	

   

  	

  Title:

  

 

26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]