Document:

exv4w1w4

 

Exhibit 4.1.4

GUARANTEE

     This GUARANTEE (this “Guarantee”), dated as
of _________   ___, 2006, is entered into
by Sprint Nextel Corporation, a Kansas corporation (“Sprint Nextel”), in favor of each
holder (“Holder”) of the Senior Secured Floating Rate Notes due 2012 (the “Notes”),
and U.S. Bank National Association, a national banking association, as Trustee under the Indenture
referred to below (the “Trustee”).

     WHEREAS, IWO Escrow Company, a Delaware corporation (“IWO Escrow”), issued the Notes
pursuant to that certain Indenture, dated as of January 6, 2005, between IWO Escrow and the
Trustee, as amended by the Supplemental Indenture, dated as of February 10, 2005, among IWO
Holdings, Inc., a Delaware corporation (as successor in interest to the obligations of IWO Escrow,
“IWO”), the subsidiary guarantors party thereto and the Trustee (as so amended, the
“Indenture”);

     WHEREAS, IWO Escrow merged with and into IWO on February 10, 2005 and, thereafter, IWO assumed
all obligations of IWO Escrow under the Notes and the Indenture;

WHEREAS, IWO is a wholly-owned subsidiary of Sprint Nextel;

     WHEREAS, the Board of Directors of Sprint Nextel has determined it to be in the best interest
of Sprint Nextel to guarantee all of IWO’s payment obligations under the Notes and all other
monetary obligations of IWO under the Indenture and the Notes;

     WHEREAS, Sprint Nextel desires to enter into this Guarantee on the terms and conditions set
forth herein; and

     WHEREAS, all capitalized terms used but not defined herein shall have the meanings given to
such terms in the Indenture.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Sprint Nextel hereby agrees as follows:

     1. Sprint Nextel hereby jointly and severally, with any other Person who may also guarantee
the Guaranteed Obligations (defined below), unconditionally and irrevocably guarantees, on a senior
unsecured basis, as a primary obligor and not as a surety, to each Holder of Notes and to the
Trustee and its successors and assigns, the full and punctual payment when due, whether at
maturity, by acceleration, redemption or otherwise, of the principal of and interest on, if any,
the Notes, only if lawful, and all other monetary obligations of IWO under the Indenture, in so far
as such monetary obligations relate to the Notes (collectively, the “Guaranteed
Obligations”). Sprint Nextel further agrees that the Guaranteed Obligations may be extended or
renewed, in whole or in part, without notice or further assent from Sprint Nextel, and Sprint
Nextel shall remain bound under this Guarantee, notwithstanding any such extension or

 

 

renewal. Failing payment when due of any amount so guaranteed for whatever reason, Sprint
Nextel will be obligated to pay the same in full, or cause to be duly and punctually paid in full,
without any demand or notice whatsoever.

     2. Sprint Nextel hereby waives presentation to, demand of payment from and protest to, IWO of
any of the Guaranteed Obligations, and also waives notice of protest for nonpayment. Sprint Nextel
also hereby waives notice of any default by IWO under the Notes or the Indenture. Sprint Nextel
agrees that its obligations under this Guarantee shall be continuing, absolute, full and
unconditional under any and all circumstances, to the fullest extent permitted by applicable law,
and shall not be discharged except by payment in full of the Notes, irrespective of:

     (a) the value, genuineness, regularity, validity, enforceability, avoidance,
subordination, discharge or disaffirmance of any of the Guaranteed Obligations, the Notes or
the Indenture, or the absence of any action to enforce the same;

     (b) any extension or waiver, at any time or from time to time, without notice to Sprint
Nextel, of the time for compliance by IWO with any of its obligations under the Notes or the
Indenture;

     (c) any substitution, release or exchange of any other guarantee of or security for any
obligations of IWO under the Notes or the Indenture;

     (d) any recission, amendment or modification to any of the terms or provisions of the
Notes or the Indenture;

     (e) any law, regulation or order of any jurisdiction affecting any term of any of the
Notes or the Indenture or the rights of any Holder of Notes or the Trustee with respect
thereto;

     (f) any failure to obtain any authorization or approval from, or other action by, to
notify, or to file anything with, any governmental authority or regulatory body required in
connection with the performance of this Guarantee by Sprint Nextel;

     (g) the failure by any Holder of Notes or the Trustee to assert any claim or demand or
to exercise any right or remedy against IWO or any other guarantor of the Guaranteed
Obligations or any other Person;

     (h) the failure by any Holder of Notes or the Trustee to exercise any right or remedy
against any collateral securing any of the Guaranteed Obligations; or

     (i) any other circumstance whatsoever that might otherwise constitute a defense to or a
legal or equitable discharge of Sprint Nextel’s obligations, in its capacity as guarantor,
under this Guarantee.

     3. Sprint Nextel’s obligations under this Guarantee shall not be limited by any valuation,
estimation or disallowance made in connection with any proceedings filed by or against Sprint
Nextel under the United States Bankruptcy Code of 1978, as amended (the “Bankruptcy Code”),
whether pursuant to Section 502 of the Bankruptcy Code or any other

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section thereof. Sprint Nextel further agrees that, in its capacity as guarantor, none of the
Holders of Notes shall be under any obligation to marshall any assets in favor of or against or in
payment of any or all of the Guaranteed Obligations or the Notes. To the extent that Sprint Nextel
makes a payment or payments on any or all of the Guaranteed Obligations and such payment or
payments (or any part thereof) is or are subsequently invalidated, declared to be fraudulent or
preferential, set aside or required to be repaid to Sprint Nextel, its estate, trustee or receiver
or any other party, including, without limitation, Sprint Nextel, under any bankruptcy law, state
or federal law, common law or equitable cause, then to the extent of such payment or repayment, the
Guaranteed Obligations (or, if applicable, such part thereof as had been paid, reduced or satisfied
by such amount), shall be reinstated and revived and continued in full force and effect as of the
date such initial payment, reduction or satisfaction occurred. Sprint Nextel waives all set-offs,
counterclaims, reductions and diminutions of any obligation, and any defense of any kind or nature
(other than payment of the Guaranteed Obligations), that Sprint Nextel may have or assert against
IWO or any other Person, and all presentments, demands for performance, notices of nonperformance,
protests, notices of protest, notices of dishonor and notices of acceptance of this Guarantee.

     4. Sprint Nextel hereby unconditionally and irrevocably waives (a) any defense arising by
reason of any claim or defense based upon an election of remedies by any Holder of Notes that in
any manner impairs, reduces, releases or otherwise adversely affects the subrogation,
reimbursement, exoneration, contribution or indemnification rights of Sprint Nextel or other rights
of Sprint Nextel to proceed against IWO or any other guarantor or any other Person or collateral,
if any, and (b) any defense based on any right of set-off or counterclaim against or in respect of
the Guaranteed Obligations, the Notes or the Indenture.

     5. Sprint Nextel hereby waives any right to which it may be entitled to have its obligations
under this Guarantee divided among it and other guarantors of the Guaranteed Obligations, if any,
such that Sprint Nextel’s obligations would be less than the full amount claimed. Sprint Nextel
hereby waives any right to which it may be entitled to have the assets of IWO or any other Person
who became an “obligor” under the Notes or the Indenture first be used and depleted as payment of
the obligations of IWO or such other Person, respectively, under the Notes and the Indenture prior
to any amounts being claimed from or paid by Sprint Nextel under this Guarantee. Sprint Nextel
hereby waives any right to which it may be entitled to require that suit be instituted against IWO
or any other guarantor of the Guaranteed Obligations or “obligor” under the Notes or the Indenture
prior to an action being initiated against Sprint Nextel. Sprint Nextel further agrees that this
Guarantee constitutes a guarantee of payment when due (and not a guarantee of collection) and
waives any right, in its capacity as guarantor, to require that any resort be had by any Holder of
Notes or the Trustee to any security held for payment of the Guaranteed Obligations.

     6. The failure to endorse a notation of this Guarantee on any Note shall not affect or impair
the validity thereof.

     7. Sprint Nextel’s obligations under this Guarantee shall not be affected if any Holder of
Notes is precluded for any reason (including, without limitation, the application of the automatic
stay under Section 362 of the Bankruptcy Code) from enforcing or exercising any right or remedy
with respect to the Notes, and Sprint Nextel shall pay to each affected Holder of

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Notes, upon demand, the amount that would otherwise have been due and payable had the exercise
of such rights and remedies been permitted. In the event of any such application of the automatic
stay under Section 362 of the Bankruptcy Code, the Notes shall forthwith become due and payable by
Sprint Nextel for purposes of this Guarantee.

     8. Sprint Nextel hereby agrees that, unless and until all obligations with respect to the
Notes and the Indenture have been paid in full, in its capacity as guarantor, it shall have no
right (whether direct or indirect) of subrogation (whether contractual, under Section 509 of the
Bankruptcy Code or otherwise) to the claims of any Holder of Notes or the Trustee against IWO or
any other Person who became an “obligor” under the Notes or the Indenture in respect of any
obligation with respect to the Notes or the Indenture, notwithstanding any payment or payments made
by Sprint Nextel hereunder or any set-off or application of funds of Sprint Nextel or by the Holder
of Notes; and Sprint Nextel hereby waives all contractual, statutory and common law rights of
reimbursement, contribution or indemnity it may have against IWO or any other such Person, as the
case may be, and any and all other rights of payment or recovery from IWO or any other such Person,
as the case may be, that it may now have or hereafter acquire until all Notes and all obligations
under the Indenture in respect of the Notes have been paid in full (in which event such rights of
payment or recovery shall be deemed to be in the form of a loan or loans made from Sprint Nextel to
IWO or any other such Person, as the case may be). Sprint Nextel further agrees that as between
Sprint Nextel, on the one hand, and the Holders of Notes and the Trustee, on the other hand, (a)
the maturity of the Notes guaranteed hereby may be accelerated as provided in Article VI of the
Indenture for the purpose of this Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the Notes guaranteed pursuant to this
Guarantee, and (b) in the event of any declaration of acceleration of such Notes as provided in
Article VI of the Indenture, such Notes (whether or not due and payable) will forthwith become due
and payable by Sprint Nextel for the purpose of this Guarantee.

     9. Except as otherwise specifically provided in Section 12 hereof with respect to the release
of Sprint Nextel from this Guarantee, this Guarantee shall remain in full force and effect and be
binding in accordance with and to the extent of its terms upon Sprint Nextel and the successors
thereof, and shall inure to the benefit of (and be enforceable by) the Trustee and the Holders of
Notes from time to time, or their respective successors or assignees, until the Indenture shall
have been satisfied and discharged in accordance with the terms thereof, and the principal of and
interest, if any, on the Notes, and the obligations of Sprint Nextel in respect of the Guaranteed
Obligations, have been satisfied by payment in full.

     10. Payments made by Sprint Nextel pursuant to this Guarantee will be made to each Holder of
Notes in the same manner, and to the same location, as payments to such Holder of Notes are
required to be made pursuant to the provisions of the Indenture.

     11. Sprint Nextel shall pay all reasonable costs and expenses (including reasonable attorneys’
fees and expenses) paid or incurred by the Trustee or any Holder of Notes in connection with the
enforcement of this Guarantee or any other rights of the Trustee or such Holder of Notes under the
Notes or the Indenture with respect to this Guarantee and the prosecution or defense of any action
by or against any of the Holder of Notes in connection with this Guarantee or the Indenture with
respect to this Guarantee, whether involving Sprint Nextel

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or any other Person, including a trustee in bankruptcy; provided, however,
that, Sprint Nextel shall have no such obligation in connection with any action brought by any
Holder of Notes against Sprint Nextel or IWO to the extent that Sprint Nextel or IWO is the
prevailing party in the judgment rendered in any such action; and provided,
further, that, Sprint Nextel shall not be responsible for the fees and expenses of more
than one firm of attorneys (in addition to any required local counsel).

     12. Sprint Nextel may be released from this Guarantee upon the sale or other transfer of the
capital stock of IWO or of all or substantially all of the assets of IWO to an entity that is not
Sprint Nextel or a Subsidiary of Sprint Nextel, which release shall be effective (a) only upon (1)
the execution and delivery by such transferee of a guarantee of the Guaranteed Obligations, in form
and substance substantially similar to this Guarantee, in favor of each Holder of Notes and the
Trustee, and (2) written notice by Sprint Nextel to the Trustee accompanied by an Officer’s
Certificate certifying as to compliance with this Section 12, and (b) without any further action on
the part of the Trustee or any Holder of Notes. Upon any such release in compliance with the above
requirements, the Trustee shall deliver an appropriate instrument evidencing such release. Any
actions taken pursuant to this Section 12 shall not release IWO as a primary obligor under the
Indenture or the Notes.

     13. Any invalidity or unenforceability of any provision or application of this Guarantee shall
not affect other lawful provisions and applications hereof, and to this end the provisions of this
Guarantee are declared to be severable. Except as otherwise provided herein, this Guarantee may
not be waived, amended, released or otherwise changed except with the consent of Sprint Nextel and
not less than a majority in aggregate principal amount of the then outstanding Notes.

     14. This Guarantee shall be construed according to the laws of the State of New York without
regard to conflicts of laws principles.

[Remainder of Page Blank — Signature Page Follows]

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     IN WITNESS WHEREOF, the undersigned has duly executed this Guarantee as of the date first
written above.

	 	 	 	 	 
	 	 	SPRINT NEXTEL CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:exv4w2w3

 

Exhibit 4.2.3 

SECOND SUPPLEMENTAL INDENTURE

     This SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”) dated as of
_________   ___, 2006, is entered into among IWO Holdings, Inc., a Delaware corporation (the
“Company”), the subsidiary guarantors listed on the signature pages hereto (the
“Subsidiary Guarantors”) and U.S. Bank National Association, a national banking
association, as trustee under the Indenture referred to below (the “Trustee”).

     WHEREAS, IWO Escrow Company, a Delaware corporation (“IWO Escrow”), and the Trustee
have heretofore executed an Indenture, dated as of January 6, 2005, as amended by the Supplemental
Indenture, dated as of February 10, 2005, among the Company (as successor in interest to the
obligations of IWO Escrow), the Subsidiary Guarantors and the Trustee (as so amended, the
“Indenture”), providing for the issuance of the 10.75% Senior Discount Notes due 2015 in
the aggregate principal amount of $140,000,000, of which $140,000,000 aggregate principal amount
are outstanding on the date hereof;

     WHEREAS, IWO Escrow merged with and into the Company on February 10, 2005 and, thereafter, the
Company assumed all obligations of IWO Escrow under the Notes and the Indenture;

     WHEREAS, the Company is a wholly-owned subsidiary of Sprint Nextel Corporation, a Kansas
corporation (“Sprint Nextel”);

     WHEREAS, the Board of Directors of Sprint Nextel has determined it to be in the best interest
of Sprint Nextel to guarantee all of the Company’s payment obligations under the Notes and the
Indenture;

     WHEREAS, the Company desires to execute and deliver this Second Supplemental Indenture to,
among other things: (i) amend the Indenture to provide that the reports and other information
required to be provided by the Company may instead be provided only with respect to Sprint Nextel
if Sprint Nextel has guaranteed the payment obligations of the Company under the Notes and the
Indenture; (ii) amend the Indenture to permit certain transactions and asset transfers between the
Company, Sprint Nextel and the other Subsidiaries of Sprint Nextel; and (iii) add or modify certain
defined terms and related text in the Indenture (collectively, the “Proposed Amendments”);

     WHEREAS, the Board of Directors of the Company has determined that it is in the best interest
of the Company to make the Proposed Amendments;

 

 

     WHEREAS, Section 9.02 of the Indenture provides that the Company, the Subsidiary Guarantors
and the Trustee may amend or supplement the Indenture with the consent of the Holders of at least a
majority in aggregate principal amount of the then outstanding Notes (the “Required
Consent”);

     WHEREAS, the Company has obtained the Required Consent; and

     WHEREAS, pursuant to Section 9.02 of the Indenture, the Company, the Subsidiary Guarantors and
the Trustee are authorized to execute and deliver this Second Supplemental Indenture.

     NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the Company, the Subsidiary Guarantors and the Trustee covenant and agree for the
equal and ratable benefit of the Holders as follows:

     1. Definitions. All capitalized terms used but not defined herein shall have the
meanings given to such terms in the Indenture, as amended by this Second Supplemental Indenture.

     2. Amendments.

     2.1 The definition of “Asset Sale” set forth in Section 1.01 of the Indenture is amended by:
(A) deleting “and” from the end of subsection (5) thereto; (B) deleting “.” from the end of
subsection (6) thereto and inserting in lieu thereof “; and”; and (C) adding a subsection (7)
thereto, which shall read as follows: “any transfer or sale of assets to the Parent or any direct
or indirect Subsidiary of the Parent.”

     2.2 Section 1.01 of the Indenture is amended to include the following definitions in their
proper alphabetical location:

          “Parent” means any person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act and the regulations thereunder) who is or becomes the Beneficial Owner,
directly or indirectly, of more than 50% of the total voting stock or total common equity of
the Company.

          “Parent Guarantee” means an unconditional Guarantee by a Parent, on a senior unsecured
basis, of all monetary obligations of the Company under the Indenture and any outstanding
Notes.

     2.3 Section 4.03 of the Indenture is amended by inserting the following text immediately after
subsection (c) thereof:

"(d) Notwithstanding the foregoing, if the Parent executes and delivers a Parent
Guarantee, the reports and other information required by this Section 4.03 may
instead be those filed with the SEC by the Parent and furnished with respect to the
Parent without including the condensed consolidating footnote contemplated by Rule
3-10 of Regulation S-X promulgated under the Securities Act.”

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     2.4 Section 4.11 of the Indenture is amended by deleting subsections (2)(a) and (2)(b) thereof
in their entirety and inserting in lieu thereof the following text:

"(2) the Company delivers to the Trustee, with respect to any Affiliate Transaction
or series of related Affiliate Transactions involving aggregate consideration in
excess of $10,000,000, a determination by the Board of Directors of the Company set
forth in an Officers’ Certificate certifying that each Affiliate Transaction
complies with clause (1) above.”

     3. Amendments to Notes. The Notes are hereby deemed to be amended, mutatis mutandis,
to correspond to the amendments to the Indenture set forth in this Second Supplemental Indenture.

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

     5. Modification, Amendment and Waiver. The provisions of this Second Supplemental
Indenture may not be amended, supplemented, modified or waived, unless otherwise provided in the
Indenture, except by the execution of a supplemental indenture executed by the Company, the
Subsidiary Guarantors and the Trustee, and, to the extent such amendment, supplement or waiver
adversely affects the rights of any Holders, with the Required Consent of such Holders. Any such
amendment or supplemental indenture shall comply with Article IX of the Indenture. Until an
amendment, waiver or other action by Holders becomes effective, a consent thereto by a Holder of a
Note hereunder is a continuing consent by the Holder and every subsequent Holder of that Note or
portion of the Note that evidences the same obligation as the consenting Holder’s Note, even if
notation of the consent, waiver or action is not made on the Note. After an amendment, waiver or
action becomes effective, it shall bind every Holder.

     6. Ratification of the Indenture; Second Supplemental Indenture Part of Indenture.
Except as expressly amended hereby, the Indenture and this Second Supplemental Indenture are in all
respects ratified and confirmed and all the terms, conditions and provisions thereof and hereof
shall remain in full force and effect. In the event of a conflict between the terms and conditions
of the Indenture and the terms and conditions of this Second Supplemental Indenture, then the terms
and conditions of this Second Supplemental Indenture shall prevail. This Second Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby.

     7. Trust Indenture Act Controls. If any provision of this Second Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA that is required under the
TIA to be part of and govern any provision of this Second Supplemental Indenture, the provision of
the TIA shall control. If any provision of this Second Supplemental Indenture modifies or excludes
any provisions of the TIA that may be so modified or excluded, the provisions of the TIA shall be
deemed to apply to the Indenture as so modified or to be excluded by this Second Supplemental
Indenture, as the case may be.

3

 

     8. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE
PRINCIPLES OF CONFLICTS OF LAW THEREUNDER THAT WOULD INDICATE THE APPLICABILITY OF THE LAWS OF ANY
OTHER JURISDICTION.

     9. Trustee Disclaimer. The Trustee has accepted the amendment of the Indenture
effected by this Second Supplemental Indenture and agrees to execute the trust created by the
Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and responsibilities of
the Trustee, and without limiting the generality of the foregoing, the Trustee shall not be
responsible in any manner whatsoever for or with respect to any of the recitals or statements
contained herein, all of which recitals or statements are made solely by the Company, or for or
with respect to: (a) the validity or sufficiency of this Second Supplemental Indenture or any of
the terms or provisions hereof; (b) the proper authorization hereof by the Company by corporate
action or otherwise; (c) the due execution hereof by the Company; (d) the consequences (direct or
indirect and whether deliberate or inadvertent) of any amendment herein provided for, and the
Trustee makes no representations with respect to any such matters; and (e) the validity or the
sufficiency of the solicitation or the consent solicitation materials or procedure in connection
therewith.

     10. Multiple Originals. The parties may sign any number of copies of this Second
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

     11. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction thereof.

     12. Notices. Any request, demand, authorization, notice, waiver, consent or
communication to any of the parties shall be made as set forth in Section 12.02 of the Indenture.

     13. Successors. All agreements of the Company and each of the Subsidiary Guarantors
in respect of this Second Supplemental Indenture shall bind their respective successors.

[Remainder of Page Blank — Signature Page Follows]

4

 

     IN WITNESS WHEREOF, this Second Supplemental Indenture has been duly executed by the Company,
the Subsidiary Guarantors and the Trustee as of the date first written above.

	 	 	 	 	 
	 	 	IWO HOLDINGS, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	INDEPENDENT WIRELESS ONE CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	INDEPENDENT WIRELESS ONE LEASED REALTY CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:

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