Document:

Exhibit 4.1

 

Exhibit No. 4.1

SUPPLEMENTAL INDENTURE

     This Second Supplemental Indenture dated as of September 27, 2006 (this
“Supplemental Indenture”) is by and among:

US LEC iTEL, L.L.C., a North Carolina limited liability company,

     (hereinafter referred to as the “Guaranteeing Subsidiary”), US LEC Corp., a Delaware corporation,
(the “Company”), the other Guarantors (as listed on the signature page of the Existing Indenture
referred to below) (the “Existing Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, as trustee under
the Indenture referred to below (the “Trustee”).

WITNESSETH

     Whereas, the Company and the Existing Guarantors have executed and delivered to the
Trustee an Indenture dated as of September 30, 2004, among the parties listed on the signature
pages thereto (the “Existing Indenture” and, as supplemented, the “Indenture”) providing for the
issuance of the Company’s Second Priority Senior Secured Floating Rate Notes due 2009 (the
“Notes”); and

     Whereas, the Existing Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant
to which the Guaranteeing Subsidiary shall guarantee all of the Indenture Obligations under the
Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

     Now Therefore, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

     Section 1. Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Existing Indenture.

     Section 2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to guarantee
the Existing Indenture and the Notes related thereto pursuant to the terms and conditions of
Article Eleven of the Existing Indenture, such Article Eleven being incorporated by reference
herein as if set forth at length herein.

     Section 3. References to Guarantors. All references to Guarantors in the Indenture shall be
deemed to include the Guaranteeing Subsidiary.

     Section 4. NEW YORK LAW TO GOVERN. THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS

 

 

Exhibit No. 4.1

SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW
TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     Section 5. Incorporation by Reference. This Supplemental Indenture shall be construed as
supplemental to the Existing Indenture and shall form a part thereof, and the Existing Indenture is
hereby incorporated by reference herein.

     Section 6. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

     Section 7. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

     Section 8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary
and the Company.

 

 

Exhibit
No. 4.1

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

	 	 	 	 	 
	 	US LEC CORP. 

 	 
	 	By:  	/s/ J.Lyle Patrick
 	 
	 	 	Name:  	J. Lyle Patrick 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 
	 

	 	 	 	 	 
	Attest:

	 	/s/ S. Shane Turley
	 	 
	 

	 	 	 	 
	 

	 	Name: S. Shane Turley	 	 
	 

	 	Title: Secretary	 	 

	 	 	 	 	 
	 	US LEC OF NORTH CAROLINA INC. 

US LEC OF GEORGIA, INC.

US LEC OF TENNESSEE INC.

US LEC OF FLORIDA INC.

US LEC OF SOUTH CAROLINA INC.

US LEC OF ALABAMA INC.

US LEC OF MARYLAND INC.

US LEC OF PENNSYLVANIA INC.

US LEC COMMUNICATIONS INC.

US LEC OF VIRGINIA L.L.C.

US LEC OF NEW YORK INC.

US LEC iTEL, L.L.C.

 	 
	 	By:  	/s/ J. Lyle Patrick
 	 
	 	 	Name:  	J. Lyle Patrick 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 
	 

	 	 	 	 	 
	Attest:

	 	/s/ S. Shane Turley
	 	 
	 

	 	 	 	 
	 

	 	Name: S. Shane Turley	 	 
	 

	 	Title: Secretary	 	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Richard Prokosch
 	 
	 	 	Name:  	Richard Prokosch 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

Exhibit No. 4.1

	 	 	 
	STATE OF NORTH CAROLINA
	 	)
	 
	 	)  ss.:
	COUNTY OF MECKLENBURG
	 	)

          On the 27th day of September, 2006, before me personally came J. Lyle Patrick, to me
known, who, being by me duly sworn, did depose and say that he resides in Charlotte, NC; that he is
the Executive Vice President and Chief Financial Officer of US LEC Corp., a corporation described
in and which executed the foregoing instrument; and that he signed his name thereto pursuant to
authority of the Board of Directors of such corporation.

(NOTARIAL

SEAL)

	 	 	 	 	 
	 

	 	/S/ Sue Totzke
	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 
	 

	 	My commission expires: June 1, 2009	 	 

 

 

Exhibit No. 4.1

	 	 	 
	STATE OF NORTH CAROLINA
	 	)
	 
	 	)  ss.:
	COUNTY OF MECKLENBURG
	 	)

     On the 27th day of Septemeber, 2006, before me personally came J. Lyle
Patrick, to me known, who, being by me duly sworn, did depose and say that he resides in Charlotte,
NC; that he is the Executive Vice President and Chief Financial Officer of each of the corporations
listed below, corporations described in and which executed the foregoing instrument; and that he
signed his name thereto pursuant to authority of the Board of Directors of such corporations.

(NOTARIAL

SEAL)

	 	 	 	 	 
	 

	 	/S/ Sue Totzke
	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 
	 

	 	My commission expires: June 1, 2009	 	 
	 
	 	 	 	 
	 

	 	US LEC OF NORTH CAROLINA INC.	 	 
	 

	 	US LEC OF GEORGIA, INC.	 	 
	 

	 	US LEC OF TENNESSEE INC.	 	 
	 

	 	US LEC OF FLORIDA INC.	 	 
	 

	 	US LEC OF SOUTH CAROLINA INC.	 	 
	 

	 	US LEC OF ALABAMA INC.	 	 
	 

	 	US LEC OF MARYLAND INC.	 	 
	 

	 	US LEC OF PENNSYLVANIA INC.	 	 
	 

	 	US LEC COMMUNICATIONS INC.	 	 
	 

	 	US LEC OF NEW YORK INC.	 	 

 

 

Exhibit No. 4.1

	 	 	 
	STATE OF NORTH CAROLINA
	 	)
	 
	 	)  ss.:
	COUNTY OF MECKLENBURG
	 	)

     On the 27th day of September, 2006, before me personally came J. Lyle Patrick, to me
known, who, being by me duly sworn, did depose and say that he resides in Charlotte, NC; that he is
the Executive Vice President and Chief Financial Officer of each of the limited liability companies
listed below, limited liability companies described in and which executed the foregoing instrument;
and that he signed his name thereto pursuant to authority under the operating agreements of such
limited liability companies.

(NOTARIAL

SEAL)

	 	 	 	 	 
	 

	 	/s/ Sue Totzke
	 	 
	 

	 	 	 	 
	 

	 	          Notary Public	 	 
	 

	 	My commission expires: June 1, 2009	 	 
	 
	 	 	 	 
	 

	 	US LEC OF VIRGINIA L.L.C.

US LEC iTEL, L.L.C.Exhibit 4.2

 

Exhibit No. 4.2

JOINDER AGREEMENT

US LEC iTEL, L.L.C.

Morrocroft III

6801 Morrison Boulevard

Charlotte, North Carolina 28211

September 27, 2006

U.S. Bank National Association

Attention: Corporate Trust Administration

60 Livingston Avenue

EP-MN-WS3C

St. Paul, Minnesota 55107-2292

Ladies and Gentlemen:

          Reference is made to that certain security agreement (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Security Agreement;” capitalized
terms used but not otherwise defined herein shall have the meanings assigned to such terms in the
Security Agreement), dated as of September 30, 2004, made by US LEC CORP., a Delaware corporation
(the “Company”), the Guarantors party thereto and U.S. BANK NATIONAL ASSOCIATION, a
national banking organization, as trustee (in such capacity and together with any successors in
such capacity, the “Trustee”).

          This letter supplements the Security Agreement and is delivered by the undersigned, US LEC
iTEL, L.L.C., a North Carolina limited liability company and the successor to US LEC Acquisition
Co. (the “New Pledgor”), pursuant to Section 3.5 of the Security Agreement. The
New Pledgor hereby agrees to be bound as a Guarantor and as a Pledgor by all of the terms,
covenants and conditions set forth in the Security Agreement to the same extent that it would have
been bound if it had been a signatory to the Security Agreement on the execution date of the
Security Agreement. The New Pledgor also hereby agrees to be bound as a party by all of the terms,
covenants and conditions applicable to it set forth in the Indenture to the same extent that it
would have been bound if it had been a signatory to the Indenture on the execution date of the
Indenture. Without limiting the generality of the foregoing, the New Pledgor hereby grants and
pledges to the Trustee, as collateral security for the full, prompt and complete payment and
performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations,
a Lien on and security interest in, all of its right, title and interest in, to and under the
Pledged Collateral and expressly assumes all obligations and liabilities of a Guarantor and Pledgor
thereunder. The New Pledgor hereby makes each of the representations and warranties and agrees to
each of the covenants applicable to the Pledgors contained in the Security Agreement and the
Indenture.

          Annexed hereto are supplements to each of the schedules to the Security Agreement and the
Indenture, as applicable, with respect to the New Pledgor. Such supplements shall be deemed to be
part of the Security Agreement or the Indenture, as applicable.

 

 

Exhibit No. 4.2

          This agreement and any amendments, waivers, consents or supplements hereto may be executed in
any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed to be an original, but all such counterparts
together shall constitute one and the same agreement.

          THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK.

 

 

Exhibit No. 4.2

          IN WITNESS WHEREOF, the New Pledgor has caused this letter agreement to be executed and
delivered by its duly authorized officer as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	US LEC iTEL, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ J. Lyle Patrick	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	J. Lyle Patrick	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and	 	 
	 

	 	 	 	 	 	Chief Financial Officer	 	 

	 	 	 	 	 	 	 
	AGREED TO AND ACCEPTED:	 	 
	 
	 	 	 	 	 	 
	U.S. BANK NATIONAL ASSOCIATION, as Trustee	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Richard Prokosch	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Richard Prokosch	 	 
	 

	 	Title:
	 	Vice President

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