Document:

ex4-15

 

EXHIBIT 4.15

 

FORM OF SUPPLEMENTAL INDENTURE

 

 

 

VERSATEL TELECOM INTERNATIONAL N.V.

 

as Company

 

and

 

THE BANK OF NEW YORK

 

as Trustee, Registrar and Paying Agent

 

INDENTURE SUPPLEMENT NO. 1

 

 

Dated as of                    , 2002

€400,000,000

 

11-1/4% Senior Notes due 2010

 

 

 

INDENTURE SUPPLEMENT NO. 1

     INDENTURE SUPPLEMENT NO. 1, dated as of                    , 2002
(the “Indenture Supplement”), between VERSATEL TELECOM INTERNATIONAL N.V., a
public company with limited liability organized under the laws of The
Netherlands, and having its corporate seat in Amsterdam, The Netherlands (the
“Company”), and THE BANK OF NEW YORK, a New York banking corporation, as
Trustee, Registrar and Paying Agent, to the Indenture dated as of March 30,
2000, between the Company and the Trustee, Registrar and Paying Agent relating
to €400,000,000 principal amount of the Company’s 11-1/4% Senior Notes due
2010 (as supplemented, the “Indenture”). Capitalized terms used herein but not
defined herein shall have the meanings given to such terms in the Indenture.

W I T N E S S E T H:

     WHEREAS, the Company has initiated an exchange offer and consent
solicitation pursuant to which the Company has solicited consents to amend and
modify certain provisions in the Indenture in accordance with Section 9.2 of
the Indenture;

     WHEREAS, pursuant to the solicitation of such consents, the Company has
received the written consent of the Holders of at least a majority in principal
amount of the Notes then outstanding to such amendments and modifications and
the adoption of a supplemental Indenture reflecting such amendments and
modifications; and

     WHEREAS, all of the conditions and requirements necessary to make this
Indenture Supplement, when duly executed and delivered, a legal, valid and
binding instrument in accordance with its terms, and for the purposes herein
expressed have been done, performed and fulfilled, and the execution and
delivery of this Indenture Supplement in the form and with the terms hereof
have been in all respects duly authorized.

     NOW, THEREFORE, in consideration of the premises herein, it is agreed
between the Company and the Trustee as follows:

ARTICLE I

AMENDMENTS

     Section 1.01. Amendments. The Indenture is, effective as of the date
hereof, hereby amended as follows:

		
	 	     (a) Section 4.3, “Limitation on Restricted Payments”, is hereby
amended and restated in its entirety to read as follows:

		
	 	     “SECTION 4.3 [Intentionally Omitted]”;

		
	 	     (b) Section 4.4, “Limitation on Indebtedness”, is hereby amended and
restated in its entirety to read as follows:

		
	 	     “SECTION 4.4 [Intentionally Omitted]”;

1

 

		
	 	     (c) Section 4.12, “Limitation on Transactions with Shareholders and
Affiliates”, is hereby amended and restated in its entirety to read as
follows:

		
	 	     “SECTION 4.12 [Intentionally Omitted]”;

		
	 	     (d) Section 4.13, “Limitation on Dividend and Other Payment
Restrictions Affecting Restricted Subsidiaries”, is hereby amended and
restated in its entirety to read as follows:

		
	 	     “SECTION 4.13 [Intentionally Omitted]”;

		
	 	     (e) Section 4.14, “Limitation on Liens”, is hereby amended and
restated in its entirety to read as follows:

		
	 	     “SECTION 4.14 [Intentionally Omitted]”;

		
	 	     (f) Section 4.15, “Repurchase of Notes upon a Change of Control”, is
hereby amended and restated in its entirety to read as follows:

		
	 	     “SECTION 4.15 [Intentionally Omitted]”;

		
	 	     (g) Section 4.16, “Limitation on Asset Sales”, is hereby amended and
restated in its entirety to read as follows:

		
	 	     “SECTION 4.16 [Intentionally Omitted]”;

		
	 	     (h) Section 4.17, “Limitation on Issuance of Guarantees of
Indebtedness by Restricted Subsidiaries”, is hereby amended and restated
in its entirety to read as follows:

		
	 	     “SECTION 4.17 [Intentionally Omitted]”;

		
	 	     (i) Section 4.19, “Limitation on the Issuance and Sale of Capital
Stock of Restricted Subsidiaries”, is hereby amended and restated in its
entirety to read as follows:

		
	 	     “SECTION 4.19 [Intentionally Omitted]”;

		
	 	     (j) Article V, “SUCCESSOR CORPORATION”, is hereby amended and
restated in its entirety to read as follows:

SUCCESSOR CORPORATION

		
	 	     SECTION 5.1. Consolidation, Merger, and Sale of Assets.The
Company and any of its Subsidiaries may consolidate with, merge
with or into, or sell, convey, transfer, lease or otherwise dispose
of any part of its property and assets to, any Person, and any
Person may merge with or into the Company or any of its
Subsidiaries.
	 
	 	     SECTION 5.2. Successor Corporation Substituted. Upon any such
consolidation, merger, assignment, conveyance, lease, transfer or
other disposition in accordance with Section 5.1, the successor
entity will succeed

2

 

		
	 	to, and be substituted for, and may exercise
every right and power of, the Company under this Indenture with the
same effect as if such successor entity had been named as the
Company herein, and thereafter the Company will be relieved of all
further obligations and covenants under this Indenture and the
Notes.”;

		
	 	     (k) Clauses (c), (d), (f) and (i) of Section 6.1, “Events of
Default”, are hereby amended and restated in their entirety to read as
follows:

		
	 	     "(c) [Intentionally Omitted];”
	 
	 	     "(d) [Intentionally Omitted];”
	 
	 	     "(f) [Intentionally Omitted];”
	 
	 	     "(i) [Intentionally Omitted]; or”;

		
	 	     (l) Section 7.5, Notice of Default is hereby amended and restated in
its entirety to read as follows:

		
	 	     “SECTION 7.5 Notice of Default. If an Event of Default occurs
and is continuing and a Trust Officer of the Trustee receives
actual notice of such event, the Trustee shall mail to each Holder,
as their names and addresses appear on the list of Holders
described in Section 2.5, notice of the uncured Default of Event of
Default within 30 days after the Trustee receives such notice.
Except in the case of a Default or Event of Default in payment of
principal of, premium, if any, interest, Additional Amounts, if
any, or Liquidated Damages, if any, on any Note, the Trustee may
withhold the notice if and so long as a committee of its Trust
Officers in good faith determines that withholding the notice is in
the interest of the Holders.”; and

		
	 	     (m) The fourth paragraph of Section 7.7, “Compensation and
Indemnity”, is hereby amended and restated in its entirety to read as
follows:

		
	 	     “When the Trustee or an Agent incurs expenses or renders
services after an Event of Default specified in Section 6.1(h)
occurs, the expenses (including the reasonable fees and expenses of
its agents and counsel) and the compensation for the services shall
be preferred over the status of the Holders in a proceeding under
any Bankruptcy Law and are intended to constitute expenses of
administration under any Bankruptcy Law. The Company’s obligations
under this Section 7.7 and any claim arising hereunder shall
survive the termination of this Indenture, the resignation or
removal of any Trustee or Agent, the discharge of the Company’s
obligations pursuant to Article VIII and any rejection or
termination under any Bankruptcy Law.”.

3

 

ARTICLE II

THE TRUSTEE

     Section 2.01. The Trustee. The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this
Indenture Supplement or the due execution hereof by the Company, or for or in
respect of the recitals and statements contained herein, all of which recitals
and statements are made solely by the Company.

     Except as herein otherwise provided, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed by the Trustee
other than as set forth in the Indenture, and this Indenture Supplement is
executed and accepted on behalf of the Trustee, subject to all the terms and
conditions set forth in the Indenture, upon the effectiveness thereof, as fully
to all intents as if the same were herein set forth at length.

ARTICLE III

MISCELLANEOUS PROVISIONS

     Section 3.01. Indenture Ratified. Except and so far as herein expressly
provided, all of the provisions, terms and conditions of the Indenture are in
all respects ratified and confirmed; and the Indenture and this Indenture
Supplement shall be taken, read and construed as one and the same instrument.

     Section 3.02. GOVERNING LAW. THIS INDENTURE SUPPLEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     Section 3.03. Successors. All agreements of the Company in this
Indenture Supplement shall bind its successors. All agreements of the Trustee
in this Indenture Supplement shall bind its successor.

     Section 3.04. Execution in Counterparts. This Indenture Supplement may
be executed in any number of counterparts, each of which shall be an original,
but such counterparts shall together constitute but one and the same
instrument.

4

 

     IN WITNESS WHEREOF, the Trustee and the Company have caused this Indenture
Supplement to be duly executed as of the day and year first written above.

	 	 	 	 	 
	 	 	VERSATEL TELECOM INTERNATIONAL N.V
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:
	 
	 
	 	 	THE BANK OF NEW YORK, not in its
individual capacity but solely as Trustee, Registrar and Paying Agent
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:

5ex4-17

 

EXHIBIT 4.17

 

FORM OF AGENCY AGREEMENT SUPPLEMENT

 

 

 

VERSATEL TELECOM INTERNATIONAL N.V.

 

as Company

 

and

 

ING BANK N.V.

 

as Paying Agent, Conversion Agent,

Conversion Calculation Agent and Registrar

 

AGENCY AGREEMENT SUPPLEMENT NO. 1

 

 

Dated as of               
     , 2002

 

€300,000,000

 

4.0% Convertible Senior Notes due 2004

 

 

 

AGENCY AGREEMENT SUPPLEMENT NO. 1

     AGENCY AGREEMENT SUPPLEMENT NO. 1, dated as of                    ,
2002 (the “Agency Agreement Supplement”), between VERSATEL TELECOM
INTERNATIONAL N.V., a public company with limited liability organized under the
laws of The Netherlands, and having its corporate seat in Amsterdam, The
Netherlands (the “Company”), and ING BANK N.V., as Paying Agent, Conversion
Agent, Conversion Calculation Agent and Registrar (the “Bank”), to the
Principal Paying Agent, Conversion Agent, Conversion Calculation Agent and
Registrar Agreement dated as of December 17, 1999, between the Company and the
Bank relating to €300,000,000 initial principal amount of the Company’s 4.0%
Convertible Senior Notes due 2004 (as supplemented, the “Agency Agreement”).
Capitalized terms used herein but not defined herein shall have the meanings
given to such terms in the Agency Agreement.

W I T N E S S E T H:

     WHEREAS, the Company has initiated an exchange offer and consent
solicitation pursuant to which the Company has solicited consents to amend and
modify certain provisions of the Agency Agreement and the terms and conditions
of the Notes in accordance with Section 17.2 of the Agency Agreement;

     WHEREAS, pursuant to the solicitation of such consents, the Company has
received the written consent of the Noteholders of not less than sixty-six and
two thirds percent (66-2/3%) in aggregate principal amount of the Notes then
outstanding to such amendments and modifications to the Agency Agreement and
the terms and conditions of the Notes and the adoption of a supplemental Agency
Agreement reflecting such amendments and modifications; and

     WHEREAS, all of the conditions and requirements necessary to make this
Agency Agreement Supplement, when duly executed and delivered, a legal, valid
and binding instrument in accordance with its terms, and for the purposes
herein expressed have been done, performed and fulfilled, and the execution and
delivery of this Agency Agreement Supplement in the form and with the terms
hereof have been in all respects duly authorized.

     NOW, THEREFORE, in consideration of the premises herein, it is agreed
between the Company and the Bank as follows:

ARTICLE I

AMENDMENTS

     Section 1.01. Amendments. Appendix 1 (“Terms and Conditions of the
Notes”) of the Agency Agreement is, effective as of the date hereof, hereby
amended as follows:

		
	 	     (a) Sub-section (3) of Section 5 of Appendix 1, “Redemption,
Purchase and Conversion”, is hereby amended and restated in its entirety
to read as follows:

		
	 	     "(3) [Intentionally Omitted]”; and

1

 

		
	 	     (b) Sub-section (e) of Section 8 of Appendix 1, “Events of Default”,
is hereby amended and restated in its entirety to read as follows:

		
	 	     "(e) [Intentionally Omitted].”

ARTICLE II

THE BANK

     Section 2.01. The Bank. The Bank shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Agency
Agreement Supplement or the due execution hereof by the Company, or for or in
respect of the recitals and statements contained herein, all of which recitals
and statements are made solely by the Company.

     Except as herein otherwise provided, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed by the Bank other
than as set forth in the Agency Agreement, and this Agency Agreement Supplement
is executed and accepted on behalf of the Bank, subject to all the terms and
conditions set forth in the Agency Agreement, upon the effectiveness thereof,
as fully to all intents as if the same were herein set forth at length.

ARTICLE III

MISCELLANEOUS PROVISIONS

     Section 3.01. Agency Agreement and Terms and Conditions Ratified. Except
and so far as herein expressly provided, all of the provisions, terms and
conditions of the Agency Agreement and the Notes are in all respects ratified
and confirmed; and the Agency Agreement and this Agency Agreement Supplement
shall be taken, read and construed as one and the same instrument.

     Section 3.02. GOVERNING LAW. THIS AGENCY AGREEMENT SUPPLEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE NETHERLANDS.

     Section 3.03. Execution in Counterparts. This Agency Agreement
Supplement may be executed in any number of counterparts, each of which shall
be an original, but such counterparts shall together constitute but one and the
same instrument.

2

 

     IN WITNESS WHEREOF, the Bank and the Company have caused this Agency
Agreement Supplement to be duly executed as of the day and year first written
above.

	 	 	 	 	 
	 
	 	 	VERSATEL TELECOM INTERNATIONAL N.V
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:
	 
	 
	 	 	ING BANK N.V., as Paying Agent,
      Conversion Agent, Conversion Calculation Agent and Registrar
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]