Document:

Exhibit 4.8

 

SECOND SUPPLEMENTAL INDENTURE

7.125% SENIOR NOTES DUE 2024

 

Second Supplemental Indenture (this “Supplemental Indenture”), dated as of May 9, 2017, among the Issuers (defined below), Uniti Group Inc. (the “Parent”), the other guarantors listed on the signature pages hereto (the “Other Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, Uniti Group LP (the “Issuer”), Uniti Fiber Holdings Inc., and CSL Capital, LLC (collectively, the “Issuers”) are parties to an indenture, dated as of May 8, 2017, as amended and supplemented through the date hereof (the “Indenture”), providing for the issuance of Senior Notes due 2024 (the “Notes”);

 

WHEREAS, pursuant to Section 9.01(e) of the Indenture, the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture without the consent of any Holder to provide additional rights or benefits to the Holders;

 

WHEREAS, pursuant to Sections 9.01(e) and 9.05 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

Section 1.  Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.

 

Section 2.01. Guarantee. The Parent hereby, jointly and severally with the Other Guarantors, unconditionally guarantees, on an unsecured, unsubordinated basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Issuers thereunder: (i) the performance and full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Issuers under the Indenture and the Notes, whether for payment of principal of or interest on the Notes, expenses, indemnification or otherwise, on the terms set forth in the Indenture; and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Parent shall be jointly and severally obligated with the Other Guarantors to pay the same immediately. The Parent agrees that this is a guarantee of payment and not a guarantee of collection.

 

 

The Parent hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions thereof, the recovery of any judgment against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.  The Parent hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenants that this Parent Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture.

 

If any Holder or the Trustee is required by any court or otherwise to return to the Issuers, the Parent, the Other Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to the Issuers, the Parent or the Other Guarantors, any amount paid either to the Trustee or such Holder, this Parent Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect.

 

The Parent also agrees to pay any and all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented out-of-pocket attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 2.01.

 

The Parent further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Parent Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by the Parent for the purpose of this Guarantee.  Any payment by the Parent pursuant to this Parent Guarantee shall be entitled upon payment in full of all guaranteed obligations under the Indenture to a contribution from each Other Guarantor in an amount equal to such Other Guarantor’s pro rata portion of such payment based on the respective net assets of all the Guarantors at the time of such payment determined in accordance with GAAP.

 

This Parent Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Issuers for liquidation, reorganization, should the Issuers become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Issuers’ assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or Guarantees, whether as a voidable preference, fraudulent transfer or otherwise, all as though such payment or performance had not been made.  In the event that any payment or any part thereof, is

 

 

rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

 

In case any provision of this Parent Guarantee 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.

 

Each payment to be made by the Parent in respect of the Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature.

 

Section 2.02. Subrogation.  The Parent shall be subrogated to all rights of Holders of Notes against the Issuers in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 2.01; provided that, the Parent shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all obligations of the Issuers under the Indenture and the Notes shall have been paid in full.

 

Section 2.03. Benefits Acknowledged.  The Parent acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the guarantee and waivers made by it pursuant to the Parent Guarantee are knowingly made in contemplation of such benefits.

 

Section 2.04. Release of Parent Guarantee. This Parent Guarantee shall be automatically and unconditionally released and discharged, and no further action by the Parent, the Issuers or the Trustee is required for the release of this Parent Guarantee upon:

 

(a)   the Parent’s written request to the Trustee (it being understood that if this Parent Guarantee is released, the Issuers will not be permitted to rely on the Parent’s reports to comply with Section 4.03 of the Indenture); or

 

(b)   the Issuers exercising their Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 of the Indenture or the Issuers’ obligations under this Indenture being discharged in accordance with Article 11 of the Indenture.

 

Upon delivery by the Issuers to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect that any of the foregoing conditions has occurred, the Trustee shall evidence such release by a supplemental indenture or other instrument which may be executed by the Trustee without the consent of any Holder.

 

Section 3. No past, present or future stockholder, officer, director, employee or incorporator of the Parent shall have any liability under this Parent Guarantee, the Indenture or this Supplemental Indenture by reason of such person’s status as stockholder, officer, director, employee or incorporator.

 

Section 4.  This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 

 

Section 5.  This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all purposes.

 

Section 6.  This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will henceforth be read together.

 

Section 7. Except as expressly supplemented and amended by this Supplemental Indenture, the Indenture shall continue in full force and effect in accordance with the provisions thereof, and the Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and confirmed. This Supplemental Indenture and all its provisions shall be deemed a part of the Indenture in the manner and to the extent herein and therein provided.

 

Section 8. If there is any conflict or inconsistency between the Indenture and this Supplemental Indenture, the provisions of this Supplemental Indenture shall control.

 

Section 9.  Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.  The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Supplemental Indenture, and it shall not be responsible for any statement or recital herein.

 

Section 10. If any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby, and no Holder of any series of Notes shall have any claim therefor against any party hereto.

 

[Signature Pages Follow]

 

 

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

 

	
 
    	
UNITI GROUP LP  

By: UNITI GROUP INC., as its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel and   Secretary
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
UNITI FIBER HOLDINGS INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel and   Secretary
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
CSL CAPITAL, LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel and   Secretary
    

 

[Signature Page to Second Supplemental Indenture — 7.125% Senior Notes due 2024]

 

 

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

 

	
 
    	
       GUARANTORS:
    
	
 
    	
 
    
	
 
    	
CSL NATIONAL GP, LLC
    
	
 
    	
CSL ALABAMA SYSTEM, LLC
    
	
 
    	
CSL ARKANSAS SYSTEM, LLC
    
	
 
    	
CSL FLORIDA SYSTEM, LLC
    
	
 
    	
CSL IOWA SYSTEM, LLC
    
	
 
    	
CSL MISSISSIPPI SYSTEM, LLC
    
	
 
    	
CSL MISSOURI SYSTEM, LLC
    
	
 
    	
CSL NEW MEXICO SYSTEM, LLC
    
	
 
    	
CSL OHIO SYSTEM, LLC
    
	
 
    	
CSL OKLAHOMA SYSTEM, LLC
    
	
 
    	
CSL REALTY, LLC
    
	
 
    	
CSL TEXAS SYSTEM, LLC
    
	
 
    	
CSL NORTH CAROLINA REALTY GP, LLC
    
	
 
    	
CSL TENNESSEE REALTY PARTNER, LLC
    
	
 
    	
CSL TENNESSEE REALTY, LLC
    
	
 
    	
CONTACT NETWORK, LLC
    
	
 
    	
PEG BANDWIDTH DC, LLC
    
	
 
    	
PEG BANDWIDTH DE, LLC
    
	
 
    	
PEG BANDWIDTH IA, LLC
    
	
 
    	
PEG BANDWIDTH LA, LLC
    
	
 
    	
PEG BANDWIDTH MA, LLC
    
	
 
    	
PEG BANDWIDTH MS, LLC
    
	
 
    	
PEG BANDWIDTH TX, LLC
    
	
 
    	
PEG BANDWIDTH VA, LLC
    
	
 
    	
UNITI FIBER HOLDINGS - TC LLC
    
	
 
    	
UNITI FIBER LLC
    
	
 
    	
UNITI LEASING LLC
    
	
 
    	
UNITI TOWERS LLC
    
	
 
    	
UNITI TOWERS NMS HOLDINGS LLC
    
	
 
    	
UNITI TOWERS — NMS INVESTOR LLC
    
	
 
    	
UNITI GROUP FINANCE INC.
    
	
 
    	
UNITI GROUP INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    

 

[Signature Page to Second Supplemental Indenture — 7.125% Senior Notes due 2024]

 

 

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

 

	
 
    	
CSL NATIONAL, LP, as a Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:    CSL NATIONAL GP, LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
CSL NORTH CAROLINA REALTY, LP, as a   Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:  CSL   NORTH CAROLINA REALTY GP, LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CSL NORTH CAROLINA SYSTEM, LP, as a   Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:    CSL NORTH CAROLINA REALTY GP, LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
UNITI HOLDINGS LP, as a Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:    UNITI HOLDINGS GP LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
								

 

[Signature Page to Second Supplemental Indenture — 7.125% Senior Notes due 2024]

 

 

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

 

	
 
    	
UNITI LATAM    LP, as a Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:    UNITI LATAM GP LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
UNITI QRS HOLDINGS LP, as a Guarantor
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:    UNITI QRS Holdings GP LLC, as its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Name:
    	
Daniel L. Heard
    
	
 
    	
 
    	
 
    	
Title:
    	
Executive Vice President — General Counsel   and Secretary
    
								

 

[Signature Page to Second Supplemental Indenture — 7.125% Senior Notes due 2024]

 

 

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

 

	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Patrick T. Giordano
    
	
 
    	
 
    	
Name:
    	
Patrick T. Giordano
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

[Signature Page to Second Supplemental Indenture — 7.125% Senior Notes due 2024]Exhibit 10.1

 

EXECUTION VERSION

 

BORROWER ASSUMPTION AGREEMENT AND JOINDER

 

BORROWER ASSUMPTION AGREEMENT AND JOINDER, dated as of May 9, 2017 (this “Agreement”), made by Uniti Group Inc. (f/k/a Communications Sales & Leasing, Inc.), a Maryland corporation (the “Initial Borrower”), Uniti Group LP, a Delaware limited partnership (the “Assumed Borrower”), Uniti Group Finance Inc., a Delaware corporation ( “FinCo”), and acknowledged by Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”) for the banks and other financial institutions (the “Lenders”) from time to time parties to the Credit Agreement (as hereinafter defined).

 

W I T N E S S E T H:

 

WHEREAS, the Initial Borrower, the other Borrower from time to time party thereto, the Lenders and the Administrative Agent have entered into that certain Credit Agreement dated as of April 24, 2015 (as amended by Amendment No. 1 to the Credit Agreement (“Amendment No. 1”) dated as of October 21, 2016, Amendment No. 2 to the Credit Agreement (“Amendment No. 2”) dated as of February 9, 2017 and Amendment No.3 to the Credit Agreement (“Amendment No. 3”) dated as of April 28, 2017, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”);

 

WHEREAS, the Initial Borrower, the other Borrower from time to time party thereto, the other Grantors and the Collateral Agent have entered into that certain Security Agreement dated as of April 24, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”);

 

WHEREAS, Bank of America, N.A., as Credit Facility Agent, and Wells Fargo Bank, National Association, as Initial Other Authorized Representative, have entered into that certain First Lien/First Lien Intercreditor Agreement, dated as of April 24, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”);

 

WHEREAS, Parent completed a restructuring transaction pursuant to which (x) Talk America Services, LLC, a Delaware limited liability company (“Talk America”), was transferred within the Parent group so that Talk America is owned directly by the Initial Borrower, (y) the Initial Borrower formed the Assumed Borrower and Uniti Group LP LLC, a limited liability company organized under the laws of Delaware (“New LLC”) to hold the initial limited partnership interest in the Assumed Borrower and (z) the Initial Borrower contributed all of its assets (other than its Equity Interests in New LLC and Talk America) to the Assumed Borrower (the “Restructuring”);

 

WHEREAS, FinCo is corporate co-issuer of the Notes.

 

WHEREAS, pursuant to the terms of the Credit Agreement, in connection with the Restructuring, Initial Borrower shall cease to be a Borrower (but remain a Guarantor on an unsecured basis), the Assumed Borrower shall assume the Initial Borrower’s rights and obligations as the “Parent” and a “Borrower” under the Credit Agreement, and FinCo shall become a “Borrower” under the Credit Agreement (the “Restructuring Amendments”);

 

WHEREAS, pursuant to Section 6 of Amendment No. 1, the Initial Borrower desires to assign to the Assumed Borrower, and the Assumed Borrower desires to accept and assume, all of the rights, obligations and liabilities of the Initial Borrower under the Credit Agreement;

 

 

WHEREAS, pursuant to Section 6 of Amendment No. 1, the Initial Borrower desires to remain party to the Credit Agreement as a Guarantor on an unsecured basis; and

 

WHEREAS, pursuant to Section 6 of Amendment No. 1, FinCo desires to join the Loan Documents with the same force and effect as if it had been a Borrower and Guarantor (other than with respect to its own obligations) as of the original Closing Date.

 

NOW, THEREFORE, the parties hereto hereby agree as follows:

 

1.             Defined Terms.  Unless otherwise defined herein, terms defined in Amendment No. 1, the Credit Agreement or Security Agreement and used herein shall have the meanings given to them in Amendment No. 1, the Credit Agreement or Security Agreement, as applicable.

 

2.             Credit Agreement.

 

(a)           Upon the Restructuring Effective Date, without further act or deed, (a) the Initial Borrower hereby assigns to the Assumed Borrower, and the Assumed Borrower hereby assumes, all obligations and liabilities (including the Obligations) and all rights of the Initial Borrower as “Borrower”, a “Guarantor” and “Parent” under the Credit Agreement and under the other Loan Documents, (b) the Assumed Borrower shall hereby become a party to the Credit Agreement as a “Borrower”, a “Guarantor” and “Parent” with the same force and effect as if originally named therein as a Borrower and Parent and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities (including the Obligations) and rights of the Initial Borrower in such capacities, (c) the Assumed Borrower shall hereby be bound by the covenants, representations, warranties and agreements contained in the Credit Agreement and each other Loan Document to which it is a party and which are binding upon, and to be observed or performed by, the Initial Borrower, a “Borrower”, “Guarantor” or “Parent” under the Credit Agreement and the other Loan Documents to which it is a party , (d) the Assumed Borrower hereby ratifies and confirms the validity of, and all of its obligations and liabilities (including, without limitation, the Obligations) under, the Credit Agreement and such other Loan Documents to which it is a party, (e) each reference to the “Borrower” in the Credit Agreement and any other Loan Document shall hereby be deemed to include the Assumed Borrower, and each reference to the “Parent” in the Credit Agreement and in any other Loan Document shall hereby be deemed to refer to the Assumed Borrower and (f) the Initial Borrower shall hereby be released from its obligations under (i) the Credit Agreement or any other Loan Document, in each case, solely in its capacity as a Borrower or Parent, and not in any other capacity (including as a Guarantor) and (ii) the Security Agreement in all capacities (clauses (a) through (f), the “Assumption”). It is understood and agreed that the Initial Borrower shall remain an unsecured guarantor of the Obligations.  The Assumed Borrower hereby represents and warrants that (A) after giving effect to this Agreement, each of the representations and warranties contained in Article 5 of the Credit Agreement and the other Loan Documents is true and correct in all material respects on and as of the date hereof; provided that, to the extent any such representation or warranty is qualified by materiality, material adverse effect or similar language, such representation shall be true and correct in all respects and (B) all conditions to the occurrence of the Restructuring Effective Date set forth in Section 6 of Amendment No. 1 have been satisfied.

 

3.             Joinder to Credit Agreement. By executing and delivering this Agreement, after giving effect to the assumption described in Section 2 of this Agreement, FinCo (the “Additional Borrower”), as provided in Amendment No. 1, hereby becomes party to the Credit Agreement and Loan Documents as a Borrower and Guarantor thereunder with the same force and effect as if originally named therein as a Borrower and Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Borrower and Guarantor thereunder and agrees to be bound by all covenants, waivers, agreements and obligations of a Borrower and Guarantor pursuant to the

 

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Credit Agreement and any other Loan Document.  Upon execution and delivery of this Joinder Agreement by the Additional Borrower, each reference to the “Borrowers”, “Guarantors” or the “Loan Parties” in the Credit Agreement and in all other Loan Documents shall, from and as of the date hereof, be deemed to include the Additional Borrower.  The Additional Borrower hereby represents and warrants as to itself that each of the representations and warranties contained in Article 5 of the Credit Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Agreement), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct as of such earlier date (after giving effect to this Agreement); provided that, to the extent any such representation or warranty is qualified by materiality, material adverse effect or similar language, such representation shall be true and correct in all respects.

 

4.             Joinder to Security Agreement.

 

Each of the Assumed Borrower and FinCo has concurrently with the execution hereof executed and delivered to the Administrative Agent and Collateral Agent a supplement to the Security Agreement, and has or will take such other actions described in Section 6.11 of the Credit Agreement.

 

5.             Reaffirmation of Guaranty. The Initial Borrower confirms and reaffirms (i) that all obligations of the Initial Borrower as a Guarantor under the Loan Documents to which the Initial Borrower is a party shall continue to apply to the Credit Agreement and the other Loan Documents on an unsecured basis, (ii) its unsecured guaranty, on a joint and several basis with the other Guarantors, of the Obligations and (iii) such unsecured Guarantees shall continue to be in full force and effect and shall continue to inure to the benefit of the Lenders and the other Secured Parties.

 

6.             Effectiveness. This Agreement shall become effective on the date that:

 

(a)           counterparts of this Agreement signed on behalf of the Initial Borrower, the Assumed Borrower and FinCo; and

 

(b)           the conditions set forth in clauses (b)-(k) of Section 6 of Amendment No. 1 have been satisfied.

 

7.             Amendment to Credit Agreement and Loan Documents.  The Credit Agreement and each of the other Loan Documents is hereby deemed to be amended in accordance with Amendment No. 1 and to the extent, but only to the extent, necessary to effect this Agreement.  Except as expressly amended, modified and supplemented hereby, the provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect. This Agreement shall be deemed to be a Loan Document for all purposes of the Credit Agreement. This agreement shall not constitute a novation of the Credit Agreement or the other Loan Documents.

 

8.             Governing Law, Waiver of Jury Trial, etc.  The provisions of the Credit Agreement regarding applicable law, waiver of jury trial, jurisdiction and consent to service of process set forth in Sections 10.15 and 10.16 are incorporated herein mutatis mutandis.

 

9.             Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy, emailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include

 

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electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent.

 

10.          Severability.  Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.          Post-Closing.  Promptly upon the effective assignment of the trademark Collateral listed on Schedule 1 hereto from Uniti Group Inc. to Uniti Group LP, Uniti Group LP shall execute and deliver an Intellectual Property Security Agreement with respect to such trademark Collateral to the Collateral Agent.  Uniti Group LP shall also file and record appropriate assignment documents or instruments with the United States Patent and Trademark Office to update the record title of such assigned trademark Collateral.

 

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IN WITNESS WHEREOF the undersigned has caused this Agreement to be duly executed and delivered by its proper and duly authorized officer as of the day and year first above written.

 

	
 
    	
UNITI GROUP INC., as   the Initial Borrower
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name: Daniel L. Heard
    
	
 
    	
 
    	
Title: Executive Vice President - General Counsel   and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
UNITI GROUP LP, as the   Assumed Borrower
    
	
 
    	
 
    
	
 
    	
By: Uniti Group Inc.,   its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name: Daniel L. Heard
    
	
 
    	
 
    	
Title: Executive Vice President - General Counsel   and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
UNITI GROUP FINANCE   INC., as FinCo
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel L. Heard
    
	
 
    	
 
    	
Name: Daniel L. Heard
    
	
 
    	
 
    	
Title: Executive Vice President - General Counsel   and Secretary
    

 

[Signature Page to Borrower Assumption Agreement and Joinder]

 

 

Acknowledged by:

 

 

BANK OF AMERICA, N.A.

as Administrative Agent and Collateral Agent

 

 

	
By:
    	
/s/ Tiffany Shin
    	
 
    
	
 
    	
Name: Tiffany Shin
    	
 
    
	
 
    	
Title: Vice President
    	
 
    

 

[Signature Page to Borrower Assumption Agreement and Joinder]

 

 

Schedule 1

 

Trademark Collateral

 

	
Grantor(1)
    	
 
    	
Trademark or Service
   Mark Application
    	
 
    	
Date Filed
    	
 
    	
Application No. and
   Jurisdiction
    
	
Uniti Group Inc. 
    	
 
    	
[logo]  
    	
 
    	
December 18, 2015
    	
 
    	
86854156 (United States)
   (Pending ITU)
    
	
Uniti Group Inc. 
    	
 
    	
UNITI 
    	
 
    	
December 18, 2015 
    	
 
    	
86854197 (United States)
   (Pending ITU)
    
	
Uniti Group Inc. 
    	
 
    	
UNITI 
    	
 
    	
September 23, 2015
    	
 
    	
86766312 (United States)
   (Pending ITU)
    
	
Uniti Group Inc. 
    	
 
    	
UNITI 
    	
 
    	
July 20, 2015
    	
 
    	
86698527 (United States)
   (Pending ITU)
    
	
Uniti Group Inc.
    	
 
    	
CS&L
    	
 
    	
December 19, 2014
    	
 
    	
86486681 (United States)
    
   (Reg. No. 5050441)
    

 

(1)  To be assigned to Uniti Group LP on or after the date hereof.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00270-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00270-of-00352.parquet"}]]