Document:

FOURTH AMNDMENT TO

 

Exhibit

(10)(i)(1.4)

 

FOURTH AMENDMENT TO

AMENDMENT AND RESTATEMENT

OF THE CREDIT AGREEMENT

 

THIS FOURTH AMENDMENT TO AMENDMENT AND RESTATEMENT OF

THE CREDIT AGREEMENT, dated as of June 27, 2001 (this “Amendment”), is made by and among

BROADWING INC. (f/k/a Cincinnati Bell Inc.), an Ohio corporation (“Broadwing”), and BROADWING COMMUNICATIONS

SERVICES INC. (f/k/a IXC Communications Services, Inc.), a Delaware corporation

(“Broadwing Communications Services”,

and together with Broadwing are each individually referred to as a “Borrower” and collectively referred to as

the “Borrowers”), the Incremental

Lenders (such capitalized term and all other capitalized terms not otherwise

defined herein shall have the meanings provided for in Article I below)

parties hereto (the “Incremental Term C Lenders”), BANK OF

AMERICA, N,A., as an Issuing Bank and as syndication agent (in such capacity,

the “Syndication Agent”), and

CITICORP USA, INC., as an Issuing Bank and as administrative agent (in such

capacity, the “Administrative Agent”)

for the Lenders.

 

W  I  T  N  E  S

S  E  T  H:

WHEREAS, the Borrowers, the Lenders, the Agents and

the other agents named therein are parties to the Amendment and Restatement of

the Credit Agreement, dated as of January 12, 2000 (as amended by the Letter

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

2, dated as of November 3, 2000, the Letter Amendment and Waiver No. 3, dated

as of June 12, 2001, and as further amended, supplemented, amended and restated

or otherwise modified prior to the date hereof, the “Credit Agreement”);

 

WHEREAS, each of the Borrowers desires to increase the

aggregate principal amount of Term Advances made under the Credit Agreement up

to an aggregate amount of $1,400,000,000 and obtain from the Incremental Term C

Lenders an Incremental Commitment pursuant to which a single Borrowing of

Incremental Term C Advances up to a maximum aggregate principal amount of

$200,000,000 will be made on the Incremental Term C Facility Amendment

Effective Date;

 

WHEREAS, each of the Borrowers desires to amend the

Credit Agreement to extend to the Borrowers an Incremental Commitment for

Incremental Term C Advances and to modify certain provisions contained in the

Credit Agreement, as described below; and

 

WHEREAS, the Incremental Term C Lenders, the Issuing

Banks and the Agents are willing, on the terms and subject to the conditions

set forth below, to amend certain provisions of the Credit Agreement as

provided below (the Credit Agreement, as amended and otherwise

 

 

modified pursuant to the terms of this Amendment, being referred to as

the “Amended Credit Agreement”);

 

NOW, THEREFORE, in consideration of the premises and

the mutual agreements herein contained, each of the Borrowers, the Incremental

Term C Lenders, the Issuing Banks and the Agents hereby agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

SECTION 1.1. Certain Definitions. The following

terms (whether or not underscored) when used in this Amendment shall have the

following meanings (such meanings to be equally applicable to the singular and

plural forms thereof):

 

“Amended

Credit Agreement”

is defined in the fourth recital.

 

“Amendment” is defined in the preamble.

 

“Borrower” and “Borrowers”

are defined in the preamble.

 

“Broadwing” is defined in the preamble.

 

“Broadwing

Communications Services” is defined in the preamble.

 

“Credit

Agreement” is

defined in the first recital.

 

“Incremental

Term C Facility Amendment Effective Date” is defined in Article III.

 

“Incremental

Term C Facility Arranger” means CSFB in its capacity as lead arranger of the Incremental Term C

Facility.

 

“Incremental

Term C Lenders”

is defined in the preamble.

 

“Relevant

Loan Party” is

defined in Section 3.3.

 

SECTION 1.2. Other Definitions. Terms for which

meanings are provided in the Amended Credit Agreement are, unless otherwise

defined herein or the context otherwise requires, used in this Amendment with

such meanings.

2

 

ARTICLE Il

 

AMENDMENTS TO CREDIT

AGREEMENT

 

Subject to the satisfaction of the conditions set

forth in Article III, effective as of the Incremental Term C Facility

Amendment Effective Date, the Credit Agreement is hereby amended or otherwise

modified in accordance with this Article II.

 

SECTION 2.1.        Amendment

to Preliminary Statements of the Credit Agreement. The Preliminary

Statements of the Credit Agreement are hereby amended by inserting in such

Preliminary Statements the following paragraph in appropriate numerical order:

 

“(6)         The Borrowers have requested the

addition of a successive Incremental Facility (the “Incremental Term C Facility”) pursuant

to Section 2.05(c) in an aggregate principal amount of $200,000,000, which

Facility shall be a Term Facility for all purposes hereunder and, unless

otherwise provided, all references to the Term Facility and Term Advances shall

be deemed to include references to the Incremental Term C Facility as the

context requires.”.

 

SECTION 2.2.        Amendments

to Section 1.01 of the Credit Agreement. Section 1.01 of the Credit

Agreement is hereby amended as follows:

 

(a) by inserting in such

Section the following definitions in the appropriate alphabetical order:

 

“‘CSFB

Fee Letter’ means

the confidential fee letter, dated May 21, 2001, from CSFB to the Borrowers.”

 

“‘Incremental

Term C Advance’

has the meaning specified in Section 2.01(a)(iii).”

 

“‘Incremental

Term C Commitment’

means, with respect to an Incremental Term C Lender, its Incremental Commitment

with respect to the Incremental Term C Facility.”

 

“‘Incremental

Term C Facility’

has the meaning specified in Preliminary Statement (6).”

 

“‘Incremental

Term C Facility Amendment Effective Date’ has the meaning specified in the Fourth Amendment to

Amendment and Restatement of the Credit Agreement, dated as of June 27, 2001,

made by and among each of the Borrowers, the Incremental Term C Lenders and the

Agents.”

 

3

 

“‘Incremental

Term C Facility Termination Date’ means the earlier of June 29, 2007 and the date of

termination in whole of the Incremental Commitments with respect to the

Incremental Term C Facility pursuant to Section 2.05 or 7.01.”

 

“‘Incremental

Term C Lender’

means each Lender that has an Incremental Term C Commitment.”

 

(b) by amending the

definition of “Applicable Margin”

set forth in such Section 1.01 to re-letter existing clause (ii) thereof as

clause (iii) and insert a new clause (ii) immediately after existing clause (i)

thereof and prior to the word “and” preceding re-lettered clause (iii) thereof

to read in its entirety as follows:

 

“, (ii) in the case of the Incremental Term C

Facility, 2.75% per annum for Eurodollar Rate Advances and 1.50% per annum for

Base Rate Advances”;

 

(c) by amending the

definition of “Incremental Advance”

set forth in such Section 1.01 to insert the section reference of “,

2.01(a)(iii)” immediately following the section reference of “2.01(a)(ii)”

therein;

 

(d) by amending the

definition of “Incremental Commitment”

set forth in such Section 1.01 in its entirety to read as follows:

 

“‘Incremental Commitment’ means, with respect to any Incremental Lender or

Incremental Term C Lender at any time, the aggregate amount set forth opposite

such Lender’s name on Schedule 1 hereto under the caption “Incremental

Commitment” or “Incremental Term C Commitment”, as the case may be, or, if such

Lender has entered into one or more Assignment and Acceptances, set forth for

such Lender in the Register maintained by the Administrative Agent pursuant to

Section 9.07(d) as such Lender’s “Incremental Commitment” or “Incremental Term

C Commitment”, as the case may be, in each case as such amount may be reduced

at or prior to such time pursuant to Section 2.05.”

 

(e) by amending clauses

(a)(v) and (b)(v) of the definition of “Loan

Documents” set forth in such Section 1.01 to insert the words “and

the CSFB Fee Letter’’ immediately after the term “Fee Letter” in such clauses;

 

(f) by amending the

definition of “Term Advances” set

forth in such Section 1.01 to replace the word “and” with a comma and insert

the words “and Incremental Term C Advances” immediately following the term

“Incremental Term B Advances” therein; and

 

4

 

(g) by amending the

definition of “Termination Date” set forth in such Section 1.01 to insert

the parenthetical “(other than the Incremental Term C Facility)” immediately

after the term “Facility” in clause (ii) thereof.

 

SECTION 2.3. Amendment to Section 2.01(a) of the

Credit Agreement. Section 2.01(a) of the Credit Agreement is hereby amended

by inserting a new clause (iii) at the end of such Section 2.01 (a) to read in

its entirety as follows:

 

“(iii) Each Incremental

Term C Lender severally agrees, on the terms and conditions hereinafter set

forth, to make a single advance (each an “Incremental Term C Advance”) to the

Borrowers on the Incremental Term C Facility Amendment Effective Date in an

amount not to exceed such Incremental Term C Lender’s Incremental Term C

Commitment at such time. The Incremental Borrowing under the Incremental Term C

Facility shall consist of Incremental Term C Advances made simultaneously by

the Incremental Term C Lenders ratably according to their Incremental Term C

Commitments. Amounts borrowed under this Section 2.01(a)(iii) and repaid or

prepaid may not be reborrowed.”

 

SECTION 2.4. Amendment to Section 2.04(a) of the

Credit Agreement. Section 2.04(a) of the Credit Agreement is hereby amended

by inserting a new clause (iii) at the end of such Section 2.04(a) to read in

its entirety as follows:

 

“(iii) The Borrowers

shall repay to the Administrative Agent for the ratable account of the

Incremental Term C Lenders the aggregate outstanding principal amount of the

Incremental Term C Advances on the following dates in an amount equal to the

percentage of the aggregate principal amount of all of the Incremental Term C

Advances outstanding on the second anniversary of the date of the Amendment and

Restatement set forth opposite such dates (in each case which amounts shall be

reduced as a result of the application of prepayments in accordance with the

order of priority set forth in Section 2.06):

 

	

  Date

  	

   

  	

  Percentage

  	

   

  
	

  March 28, 2002

  	

   

  	

  0.25

  	

  %

  
	

  June 27, 2002

  	

   

  	

  0.25

  	

  %

  
	

   

  	

   

  	

   

  	

   

  
	

  September 27,

  2002

  	

   

  	

  0.25

  	

  %

  
	

  December 30,

  2002

  	

   

  	

  0.25

  	

  %

  
	

  March 29, 2003

  	

   

  	

  0.25

  	

  %

  
	

  June 27, 2003

  	

   

  	

  0.25

  	

  %

  
	

   

  	

   

  	

   

  	

   

  
	

  September 29, 2003

  	

   

  	

  0.25

  	

  %

  
	

  December 30, 2003

  	

   

  	

  0.25

  	

  %

  
	

  March 30, 2004

  	

   

  	

  0.25

  	

  %

  
	

  June 29, 2004

  	

   

  	

  0.25

  	

  %

  
	

   

  	

   

  	

   

  	

   

  
	

  September 29,

  2004

  	

   

  	

  0.25

  	

  %

  
	

  December 30,

  2004

  	

   

  	

  0.25

  	

  %

  
	

  March 30, 2005

  	

   

  	

  0.25

  	

  %

  
	

  June 29, 2005

  	

   

  	

  0.25

  	

  %

  
	

   

  	

   

  	

   

  	

   

  
	

  September 29,

  2005

  	

   

  	

  0.25

  	

  %

  
	

  December 30,

  2005

  	

   

  	

  0.25

  	

  %

  
	

  March 30, 2006

  	

   

  	

  0.25

  	

  %

  
	

  June 29, 2006

  	

   

  	

  0.25

  	

  %

  
	

   

  	

   

  	

   

  	

   

  
	

  September 29,

  2006

  	

   

  	

  23.875

  	

  %

  
	

  December 30,

  2006

  	

   

  	

  23.875

  	

  %

  
	

  March 30, 2007

  	

   

  	

  23.875

  	

  %

  
	

  June 29, 2007

  	

   

  	

  23.875

  	

  %

  

 

5

 

provided, however, that, notwithstanding the foregoing

provisions of this Section 2.04(a)(iii), the final principal repayment

installment of the Incremental Term C Advances shall be repaid in full on the

Incremental Term C Facility Termination Date and in any event shall be in an

amount equal to the aggregate principal amount of all Incremental Term C

Advances outstanding on such date.”

 

SECTION 2.5. Amendment to Section 2.06 (c) of the

Credit Agreement. Section 2.06(c) of the Credit Agreement is hereby amended

by (i) replacing the term “Incremental Facility” in the first and second lines

of such Section 2.06(c) with the term “Incremental Facilities”, (ii) replacing

the word “and” in the third line of such Section 2.06(c) with a comma and (iii)

inserting the words “and the Incremental Term C Advances then outstanding”

immediately following the words “the Incremental Term B Advances then

outstanding” in the third line of such Section 2.06(c).

 

SECTION 2.6. Amendment to Schedule I to the Credit

Agreement. Schedule I to the Credit Agreement is hereby amended by adding

thereto each Incremental Term C Lender’s name and the aggregate principal

amounts set forth opposite such Incremental Term C Lender’s name under the

caption “Incremental Term C Commitment” on Exhibit A hereto.

 

SECTION 2.7. Amendment of Exhibit A-2 to the Credit

Agreement. Exhibit A-2 to the Credit Agreement is hereby modified solely

for the purpose of Incremental Term C Advances as set forth in Exhibit B

hereto.

 

6

 

SECTION 2.8. Agreement. Each of the Borrowers

and the Administrative Agent agree that, with respect to assignments by an

Incremental Term C Lender with respect to the Incremental Term C Facility that

would be subject to the limitations set forth in clause (ii) of the proviso set

forth in Section 9.07(a) of the Credit Agreement, the reference to “$5,000,000”

in such clause (ii) shall be deemed to be “$1,000,000”. In addition, each of the Borrowers

and the Administrative Agent agree that clause (vi) of such proviso is not

applicable to assignments of the Incremental Term C Commitment.

 

ARTICLE III

 

CONDITIONS TO

EFFECTIVENESS

AND BORROWING OF

INCREMENTAL TERM C ADVANCES

 

This Amendment, the amendments and modifications

contained herein, and the obligation of each Incremental Term C Lender to make

an Incremental Term C Advance shall be and shall become effective as of the

date each of the conditions set forth in this Article III are satisfied

to the satisfaction of the Administrative Agent and/or the Incremental Term C

Facility Arranger as specified in the specific Section below (such date being

herein called the

“Incremental Term C Facility Amendment Effective Date”).

 

SECTION 3.1. Execution of Counterparts. The

Administrative Agent and the Incremental Term C Facility Arranger shall have

received counterparts of this Amendment, duly executed and delivered on behalf

of each of the Borrowers, each of the Incremental Term C Lenders, the Issuing

Banks and the Agents.

 

SECTION 3.2. Resolutions. The Administrative

Agent and the Incremental Term C Facility Arranger (with sufficient copies for

each Incremental Term C Lender) shall have received certified copies of the

resolutions of the Board of Directors (or persons performing similar

functions), or, in the case of wholly owned Subsidiaries, action by unanimous

written consent of the sole shareholder, of each Loan Party approving the

Borrowing of Incremental Term C Advances on the Incremental Term C Facility

Amendment Effective Date, this Amendment and each other Loan Document delivered

in connection with this Amendment to which it is or is to be a party and the

other transactions contemplated by any of the foregoing, and of all documents

evidencing other necessary corporate action and governmental and other third

party approvals, consents, authorizations, notices and filings of actions with

respect to the Borrowing of Incremental Term C Advances on the Incremental Term

C Facility Amendment Effective Date, this Amendment and each other Loan

Document delivered in connection with this Amendment to which it is or is to be

a party.

 

SECTION 3.3. Certificates of Secretary of State.

The Administrative Agent and the Incremental Term C Facility Arranger (with

sufficient copies for each Incremental Term C Lender) shall have received

copies of a certificate of the Secretary of State of the jurisdiction of

 

7

 

incorporation (or organization) of each of the Borrowers, the Company,

CBT and Cincinnati Bell Wireless Company (each such Loan Party individually

referred to as a “Relevant Loan Party”),  dated

reasonably near the Incremental Term C Facility Amendment Effective Date,

certifying (A) as to a true and correct copy of the charter (or similar

constitutive document) of such Relevant Loan Party and each amendment thereto

on file in such Secretary’s office and (B) that (1) such amendments are the

only amendments to such Relevant Loan Party’s charter on file in such

Secretary’s office, (2) such Relevant Loan Party has paid all franchise taxes

to the date of such certificate and (C) such Relevant Loan Party is duly

incorporated (or organized) and in good standing or presently subsisting under

the laws of the State of the jurisdiction of its incorporation (or

organization).

 

SECTION 3.4. Officer’s Certificates. The Administrative

Agent and the Incremental Term C Facility Arranger (with sufficient copies for

each Incremental Term C Lender) shall have received a certificate of each

Relevant Loan Party, signed on behalf of such Relevant Loan Party by its

President or a Vice President or Treasurer and its Secretary or any Assistant

Secretary (or persons performing similar functions), dated the Incremental Term

C Facility Amendment Effective Date (the statements made in which certificate

shall be true on and as of the Incremental Term C Facility Amendment Effective

Date), certifying as to (A) the absence of any amendments to the charter,

articles of incorporation or certificate of formation, as applicable, of such

Relevant Loan Party since the date of the Secretary of State’s certificate

referred to in Section 3.3, (B) a true and correct copy of the bylaws or

limited liability company agreement, as applicable, of such Relevant Loan Party

(other than CBT) as in effect on the date on which the resolutions, or actions

by written consent, as applicable, referred to in Section 3.2 were adopted and

on the Incremental Term C Facility Amendment Effective Date, (C) no proceeding

for dissolution or liquidation of such Relevant Loan Party has been commenced

by such Relevant Loan Party, (D) the truth of the representations and

warranties contained in this Amendment and the other Loan Documents delivered

in connection with this Amendment as they relate to such Relevant Loan Party as

though made on and as of the Incremental Term C Facility Amendment Effective

Date (except to the extent they expressly relate to an earlier date, in which

case certifying that such representations and warranties are true and correct

as of such earlier date) and (E) the absence of any event relating to such

Relevant Loan Party occurring and continuing, or reasonably expected to result

from the Borrowing of Incremental Term C Advances on the Incremental Term C

Facility Amendment Effective Date, that constitutes a Default.

 

SECTION 3.5. Incumbency Certificates. The Administrative

Agent and the Incremental Term C Facility Arranger (with sufficient copies for

each Incremental Term C Lender) shall have received a certificate of the

Secretary or an Assistant Secretary of each Loan Party certifying the names and

true signatures of the officers, partners, members or equivalent persons of

such Loan Party authorized to sign this Amendment and each other Loan Document

delivered in connection with this Amendment to which it is or is to be a party

and the other documents to be delivered hereunder and thereunder.

 

8

 

SECTION 3.6. Delivery of Incremental Notes. The

Incremental Term C Facility Arranger (with sufficient copies for the

Administrative Agent) shall have received Incremental Notes payable to the

Incremental Term C Lenders that have requested such Incremental Notes prior to

the Incremental Term C Facility Amendment Effective Date.

 

SECTION 3.7. Delivery of Notice of Borrowing.

The Administrative Agent and the Incremental Term C Facility Arranger shall

have received a Notice of Borrowing relating to the Incremental Term C

Advances, duly executed and delivered by the relevant Borrower.

 

SECTION 3.8. Incremental Term C Facility Amendment

Effective Date Certificate. The Administrative Agent and the Incremental

Term C Facility Arranger shall have received, with counterparts for each of the

Incremental Term C Lenders, a certificate, dated as of the Incremental Term C

Facility Amendment Effective Date, appropriately completed and duly executed

and delivered by a Responsible Officer of each of the Borrowers and

substantially in the form of Annex I hereto.

 

SECTION 3.9. Acknowledgment. The Administrative

Agent and the Incremental Term C Facility Arranger (with sufficient copies for

each Incremental Term C Lender) shall have received an acknowledgment, dated as

of the Incremental Term C Facility Amendment Effective Date and in form and

substance satisfactory to each of them, duly executed and delivered by

Broadwing and each of the Subsidiary Guarantors and substantially in the form

of Annex II hereto.

 

SECTION 3.10. Consents and Approvals. All

governmental, shareholder and third party consents (including satisfaction of

the procedures set forth in Section 2.05(c) of the Credit Agreement) and approvals

and authorizations of, notices and filings to or with, and other actions by any

other Person necessary or determined by the Incremental Term C Facility

Arranger to be desirable in connection with the Borrowing of Incremental Term C

Advances on the Incremental Term C Facility Amendment Effective Date or any

transaction contemplated by this Amendment, shall have been obtained (without

the imposition of any conditions that are not acceptable to the Incremental

Term C Facility Arranger) and shall remain in effect; and no action shall have

been taken by any competent authority, and no law or regulation shall be

applicable in the judgment of the Incremental Term C Facility Arranger, in each

case that could reasonably be expected to restrain, prevent or impose

materially adverse conditions upon such Borrowing or the consummation of the

transactions contemplated by this Amendment.

 

SECTION 3.11. Litigation. No action, suit,

investigation, litigation or proceeding affecting any Borrower or any of their

respective Subsidiaries is pending or, to the best knowledge of any Borrower or

any of their respective Subsidiaries, threatened before any court, governmental

agency or arbitrator that (i) could be reasonably likely to have a Material

Adverse Effect or (ii) purports to affect the legality, validity or

enforceability of this Amendment or the consummation of the transactions

contemplated by this Amendment.

 

9

 

SECTION 3.12. Debt Rating. The Incremental Term

C Facility Arranger shall have received evidence satisfactory to it that the

Debt of the Borrowers under the Credit Agreement is rated at least BB+ by

S&P and at least Ba1 by Moody’s.

 

SECTION 3.13. Opinions of Counsel. The

Administrative Agent, the Incremental Term C Facility Arranger and each

Incremental Term C Lender under the Incremental Term C Facility shall have

received a favorable opinion of Cravath, Swaine & Moore, with respect to

this Amendment and each Loan Document executed by Broadwing in connection with

the Borrowing of Incremental Term C Advances, Frost Brown & Todd LLC, with

respect to the Broadwing entities (excluding those issues addressed in the

Steptoe & Johnson LLP opinion), Steptoe & Johnson LLP, with respect to

certain regulatory issues related to the Broadwing entities and O’Melveny &

Myers LLP, with respect to the Broadwing Communications lnc. entities, each

dated the Incremental Term C Facility Amendment Effective Date and addressed to

the Administrative Agent, the Incremental Term C Facility Arranger and each

Incremental Term C Lender, in the form reasonably acceptable to the Incremental

Term C Facility Arranger.

 

SECTION 3.14. Fees and Expenses. The

Administrative Agent and the Incremental Term C Facility Arranger shall have

received all fees and expenses due and payable pursuant to Section 5.4 (to

the extent then invoiced) and pursuant to the Credit Agreement (including all

previously invoiced fees and expenses).

 

ARTICLE IV

 

REPRESENTATIONS AND

WARRANTIES

 

SECTION 4.1.        Representations

and Warranties. In order to induce the Incremental Term C Lenders, the

Issuing Banks and the Agents to enter into this Amendment, each of the

Borrowers hereby represents and warrants to each Incremental Term C Lender,

each Issuing Bank and each Agent, as of the date hereof; as follows:

 

(a) The representations

and warranties set forth in each of the Loan Documents are correct in all

material respects, before and after giving effect to this Amendment, as though

made on and as of the date hereof (except for any such representation and

warranty that, by its terms, refers to a specific date other than the date

hereof, in which case as of such specific date).

 

(b) No event has occurred

and is continuing, or shall result from the effectiveness of this Amendment or

the Borrowing of Incremental Term C Advances on the Incremental Term C Facility

Amendment Effective Date, that constitutes a Default or Event of Default.

 

10

 

(c) This Amendment has

been duly executed and delivered by each of the Borrowers and is the legal,

valid and binding obligation of each of the Borrowers, enforceable against each

such Borrower in accordance with its terms.

 

(d) The execution,

delivery and performance by each of the Borrowers and each other Loan Party of

this Amendment and each other Loan Document executed or to be executed by any of them in connection therewith, and the

Borrowing of the Incremental Term C Advances on the Incremental Term C

Facility Amendment Effective Date, are within each such Borrower’s and each

such other Loan Party’s corporate powers, have been duly authorized by all

necessary corporate action, and do not (i) contravene such Borrower’s or such

other Loan Party’s charter or bylaws, (ii) violate any law, rule, regulation (including,

without limitation, Regulation X of the Board of Governors of the Federal

Reserve System), order, writ, judgment, injunction, decree, determination or

award, (iii) conflict with or result in the breach of, or constitute a default

or require any payment to be made under, any contract, loan agreement,

indenture, mortgage, deed of trust, lease or other instrument binding on or

affecting such Borrower or such other Loan Party or any of their respective

properties or (iv) except for the Liens created under the Loan Documents,

result in or require the creation or imposition of any Lien upon or with

respect to any of the properties of such Borrower or such other Loan Party.

 

(e) No authorization or

approval or other action by, and no notice to or filing with, any governmental

authority or regulatory body or any other third party is required for the due

execution, delivery, recordation, filing or performance by any of the Borrowers

or any other Loan Party of this Amendment or any other Loan Document to which

it is or is to be a party, or for the Borrowing of the Incremental Term C

Advances on the Incremental Term C Facility Amendment Effective Date, except

for the authorizations, approvals, actions, notices and filings listed on

Schedule I hereto, all of which have been duly obtained, taken, given or made

and are in full force and effect. Notwithstanding the foregoing, it is

understood that (i) no regulatory approvals have been obtained in connection

with (x) the pledge of shares of any regulated entity or (y) the granting of

additional collateral in certain circumstances as contemplated by Section

5.01(j)(I) of the Credit Agreement and (ii) as of the date hereof no regulatory

approvals have been obtained or are being sought in connection with the

possible exercise of remedies under the Amended Credit Agreement or any of the

Collateral Documents.

 

(f) After giving effect

to this Amendment, neither the modification of the Credit Agreement effected

pursuant to this Amendment nor the execution, delivery, performance or

effectiveness of this Amendment (including, without limitation, the Borrowing

of Incremental Term C Advances on the Incremental Term C Facility Amendment

Effective Date)

 

(i) impairs the validity,

effectiveness or priority of the Liens granted pursuant to any Collateral

Document, and such Liens continue unimpaired with

 

11

 

the same priority to secure repayment of all

Obligations (including any Obligations in respect of the Incremental Term C

Advances), whether heretofore or hereafter incurred; or

 

(ii) requires that any

new filings be made or other action taken to perfect or to maintain the

perfection of such Liens.

 

(g) After giving effect

to this Amendment and the Borrowing of the Incremental Term C Advances on the

Incremental Term C Facility Amendment Effective Date, each of the Borrowers

will be Solvent.

 

(h) The Incremental Term

C Facility ranks pari passu in all respects with each other Facility under the

Credit Agreement for all purposes of the Credit Agreement and the other Loan

Documents, and the Incremental Term C Lenders shall be entitled to share pari

passu on a pro rata basis with the other Lender Parties in the Collateral and

in any amounts realized or received from or in respect of any of the

Collateral.

 

(i) The proceeds of the

Incremental Term C Advances shall be applied by the relevant Borrower to repay

Revolving Advances outstanding on the Incremental Term C Facility Amendment

Effective Date in order to provide availability for future acquisitions of

selected assets in the telecommunications services market, for working capital

and general corporate purposes of Broadwing and its Subsidiaries and to pay

transaction fees and expenses associated with the Incremental Term C Facility.

 

(j) Set forth on Schedule

II hereto is a complete and accurate list of all Subsidiaries of Broadwing,

showing as of the date hereof (as to each such Subsidiary) the jurisdiction of

its organization, the number and type of each class of its Equity Interests

authorized, the number outstanding, the percentage of each such class of such

Equity Interests owned by each such Person and the number of shares covered by

all outstanding options, warrants, rights of conversion or purchase and similar

rights as of the date hereof. All of the outstanding Equity Interests in such

Subsidiaries have been validly issued, are fully paid and non-assessable and,

to the extent owned by Broadwing or one or more of its Subsidiaries, are owned

free and clear of all Liens, except those created under the Collateral

Documents.

 

SECTION 4.2. Full Disclosure. Except as

corrected by written information delivered to the Agents, the Incremental Term

C Facility Arranger and the Lenders (including, without limitation, the

Incremental Term C Facility Lenders) prior to the date hereof, all factual

information heretofore or contemporaneously furnished by any Borrower in

writing to any Agent, the Incremental Term C Facility Arranger, any Issuing

Bank or any Lender (including, without limitation, any Incremental Term C

Facility Lender) for purposes of or in connection with this Amendment or any

transaction contemplated hereby is true and accurate in every material respect

and such information is not incomplete by omitting to state any material fact

 

12

 

necessary to make such information not misleading. All projections

delivered to the Administrative Agent, the Incremental Term C Facility Arranger

or any Incremental Term C Lender by or on behalf of Broadwing have been

prepared in good faith by Broadwing and represent the best estimates of

Broadwing, as of the Incremental Term C Facility Amendment Effective Date, of

the reasonably expected future performance of the businesses reflected in such

projections.

 

ARTICLE V

 

MISCELLANEOUS

 

SECTION 5.1. Reference to and Effect on the Loan

Documents. (a) On and after the effectiveness of this 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 the like import referring to the Credit

Agreement, shall mean and be a reference to the Credit Agreement, as amended by

this Amendment.

 

(b) The Credit Agreement, the Notes and each of the

other Loan Documents, as specifically amended by this Amendment, 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 Amendment. The execution, delivery

and effectiveness of this 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 5.2. Loan Document Pursuant to Credit

Agreement. This Amendment is a Loan Document executed pursuant to the

Credit Agreement and shall be construed, administered and applied in accordance

with all of the terms and provisions of the Credit Agreement (and, following

the Incremental Term C Facility Amendment Effective Date, the Amended Credit

Agreement), including the provisions of Section 9.01 of the Credit Agreement.

 

SECTION 5.3. Further Assurances. Each of the

Borrowers hereby agrees that it will take any action that from time to time may

be reasonably necessary to effectuate the amendments contemplated hereby.

 

SECTION 5.4. 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 and the Incremental Term C

Facility Arranger (including, without limitation, the reasonable fees and

expenses of Shearman & Sterling and Mayer, Brown & Platt) in connection

with the preparation,

 

13

 

execution and delivery of this Amendment and all of the instruments,

agreements and other documents delivered or to be delivered in connection

herewith.

 

SECTION 5.5. Headings. The various headings of

this Amendment are inserted for convenience only and shall not affect the

meaning or interpretation of this Amendment or any provisions hereof.

 

SECTION 5.6. Execution in Counterparts. This

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 Amendment by telecopier shall be effective as

delivery of a manually executed counterpart of  this Amendment.

 

SECTION 5.7. Cross-References. References in

this Amendment to any Article or Section are, unless otherwise specified or

otherwise required by the context, to such Article or Section of this

Amendment.

 

SECTION 5.8. Severability. Any provision of

this Amendment which is prohibited or unenforceable in any jurisdiction shall,

as to such provision and such jurisdiction, be ineffective to the extent of  such prohibition or unenforceability

without invalidating the remaining provisions of this Amendment or affecting

the validity or enforceability of such provision in any other jurisdiction.

 

SECTION 5.9. Successors and Assigns. This

Amendment shall be binding upon and inure to the benefit of the parties hereto

and their respective successors and assigns.

 

SECTION 5.10. Agreement and Confirmation.

Broadwing agrees and confirms that the Debt of Broadwing under the Credit Agreement

constitutes “Designated Senior Debt” as defined in (and for purposes of) the

Oak Hill Indenture.

 

SECTION 5.11. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN

ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

[REMAINDER OF PAGE

INTENTIONALLY LEFT BLANK]

 

14S&S DRAFT

Exhibit (10)(i)(1.5)

 

AMENDMENT NO.

5 TO THE 

AMENDMENT AND

RESTATEMENT OF THE CREDIT AGREEMENT

 

Dated as of December 13, 2001

 

AMENDMENT

NO. 5 TO THE AMENDMENT AND RESTATEMENT OF THE CREDIT AGREEMENT

(this “Amendment”)

among BROADWING INC. (f/k/a Cincinnati Bell Inc.), an Ohio corporation (“Broadwing”), and

BROADWING COMMUNICATIONS SERVICES INC. (f/k/a IXC Communications Services,

Inc.), a Delaware corporation (“Broadwing Communications Services”, and together with

Broadwing, each a “Borrower”

and collectively the “Borrowers”),

the banks, financial institutions and other institutional lenders parties to

the Credit Agreement (as defined below) (the “Lenders”), BANK OF AMERICA, N.A., as

syndication agent, CITICORP USA, INC., as administrative agent (the “Administrative Agent”),

and the other agents party to the Credit Agreement.

 

PRELIMINARY

STATEMENTS:

 

(1)           Each Borrower, the Lenders and the

Administrative Agent have entered into an Amendment and Restatement of the

Credit Agreement dated as of January 12, 2000, and amendments thereto dated as

of May 17, 2000, November 3, 2000, June 12, 2001 and June 27, 2001 (such

Amendment and Restatement of the Credit Agreement, as so amended, supplemented

or otherwise modified through the date hereof, the “Credit Agreement”).  Capitalized terms not otherwise defined in

this Amendment have the same meanings as specified in the Credit Agreement.

 

(2)           The Borrowers have requested and the

Required Lenders have agreed to further amend the Credit Agreement as

hereinafter set forth.

 

SECTION 1. Amendments

to Credit Agreement.  The Credit Agreement is, effective as

of the Amendment No. 5 Effective Date (as hereafter defined) and subject to the

satisfaction of the conditions precedent set forth in Section 2, hereby

amended as follows:

 

(a)           The following definitions in

Section 1.01 are amended as hereafter set forth:

 

(i)            the definition of “Capitalization”

is amended and restated in its entirety to read as follows:

 

“‘Capitalization’

means, as of any date, the sum, without duplication, as of such date, of

Consolidated Debt, the liquidation preference of preferred stock, the par value

of common stock and additional paid in capital less treasury stock of CBI and

the Subsidiaries on a Consolidated basis.”

 

 

(ii)           The definition of “Confidential Information”

is amended and restated in its entirety as follows:

 

“‘Confidential Information’

means all information, including material nonpublic information within the

meaning of Regulation FD promulgated by the Securities and Exchange Commission,

received from the Borrowers relating to the Borrowers or their respective

businesses, other than any such information that is available to any Agent or

any Lender Party on a nonconfidential basis prior to disclosure by the

Borrowers; provided that, in case of information received from the

Borrowers after the date hereof, such information is clearly identified at the

time of delivery as confidential.”.

 

(iii)          Clause (i) of the

definition of “Consolidated

EBITDA” is amended and restated in its entirety to read as

follows:

 

“(i)  all Consolidated Interest Expense

(including, for purposes of this definition only, all interest and payment

Obligations in respect of Debt referred to in clause (h) of the definition of

“Debt” herein) of such Person and its Subsidiaries for such period,”.

 

(iv)          The word “and”

immediately preceding clause (v) of the definition of “Consolidated EBITDA”

is deleted, and such clause (v) is amended and restated in its entirety 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 (A) 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

(B) non-cash losses not to exceed $200,000,000 resulting from the 2001

Restructuring deducted in determining the consolidated net income of the

Borrowers in the fourth quarter of Fiscal Year 2001 and all other quarters

impacted as a result of the 2001 Restructuring), 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

 

2

 

and its Subsidiaries for

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

and”

 

(v)           The definition of “Consolidated EBITDA”

is further amended by adding a new clause (vi) to read as follows:

 

“(vi)  cash losses for such period not to exceed

$100,000,000 resulting from the 2001 Restructuring deducted in determining the

consolidated net income of the Borrowers in the fourth quarter of Fiscal Year

2001 and all other quarters impacted as a result of the 2001 Restructuring”.

 

(vi)          The definition of “Consolidated Interest Expense”

is amended by adding the phrase “, other than the Exchangeable Preferred Stock”

after the word “herein” in the parenthetical in the first sentence thereof.

 

(b)   Section 1.01 is further amended by adding the following new

definition in alphabetical order:

 

“‘2001 Restructuring’

means the restructuring of CBI commencing in the fourth fiscal quarter of 2001

effected to, among other things, write down various assets, reduce employee

headcount, exit certain facilities and discontinue certain nonstrategic

products and business activities.”.

 

(c)   The parenthetical in Section 5.03(d), Annual Forecasts, is

amended and restated in its entirety to read as follows:

 

“(or in the case of the

Fiscal Year ended December 31, 1999, no later than February 15, 2000, and in

the case of the Fiscal Year ended December 31, 2001, no later than February 15,

2002)”.

 

(d)   Section 9.10 of the Credit Agreement is amended and restated in

its entirety to read as follows:

 

“SECTION 9.10. Confidentiality.  Each of the Agents and Lender Parties

expressly agrees, for the benefit of the Borrowers and their respective

Affiliates, to maintain the confidentiality of the Confidential Information,

except that Confidential Information may be disclosed (i) to it and its

Affiliates’ directors, officers, employees and agents, including accountants,

legal counsel and other advisors (it being understood that the Persons to whom

such disclosure is made will be informed of the confidential nature of such

Confidential Information and instructed to keep such Confidential Information

confidential), (ii) to the extent requested by any regulatory authority or

self-regulatory body operating pursuant to statutory authority having or

claiming authority to

 

3

 

regulate or oversee any

aspect of any business of any Lender or that of any of its Affiliates, (iii) to

the extent required by applicable laws or regulations or by any subpoena or

similar legal process, (iv) to any other party to this Agreement, (v) in

connection with the exercise of any remedies hereunder or any suit, action or

proceeding relating to this Agreement or the enforcement of rights hereunder,

(vi) subject to an express agreement for the benefit of the Borrowers and their

respective Affiliates containing provisions substantially the same as those of

this paragraph, to any Eligible Assignee of or participant in, or any

prospective Eligible Assignee of or participant in, any of its rights or

obligations under this Agreement, (vii) with the consent of the Borrowers,

(viii) to the extent such Confidential Information (A) becomes publicly

available other than as a result of a breach of this paragraph or

(B) becomes available to any Agent or any Lender Party on a nonconfidential

basis from a source other than the Borrowers or (ix) to any direct or indirect

contractual counterparty in swap agreements or such contractual counterparty’s

professional advisor (so long as such contractual counterparty or professional

advisor to such contractual counterparty is subject to an express agreement for

the benefit of the Borrowers and their respective Affiliates containing

provisions substantially the same as those of this paragraph).  Any Person required to maintain the

confidentiality of Confidential Information as provided in this Section 9.10

shall be considered to have complied with its obligation to do so if such

Person has exercised the same degree of care to maintain the confidentiality of

such Confidential Information as such Person would accord to its own

confidential information; provided, however, that with respect to

disclosures pursuant to clauses (ii) and (iii) of this Section 9.10 (other than

disclosures pursuant to routine regulatory examinations), unless prohibited by

law or applicable court order, each Lender Party and each Agent shall attempt

to notify the Borrowers of any request by any governmental agency or

representative thereof or other Person for disclosure of Confidential

Information after receipt of such request, and if reasonable, practicable and

permissible, before disclosure of such Confidential Information.  It is understood and agreed that the

Borrowers and their respective Affiliates may rely upon this Section 9.10 for

any purpose, including without limitation to comply with Regulation FD

promulgated by the Securities and Exchange Commission.”.

 

4

 

SECTION 2. Conditions

of Effectiveness.  This Amendment

shall become effective as of the date first above written (the “Amendment No. 5 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 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 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. 5 Effective Date, before and after giving effect to this 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. 5 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 Amendment that constitutes a Default or Event of

Default;

 

(d)   All of the accrued fees then due and invoiced expenses of the

Administrative Agent and the Lenders, including the invoiced fees and expenses

of counsel for the Administrative Agent, shall have been paid in full; and

 

(e)   An amendment fee equal to 0.125% of the aggregate outstanding Term

Advances and Revolving Credit Commitments of each Lender that delivers to the

Administrative Agent a duly executed counterpart of this Amendment on or before

5:00 p.m., New York City time, on December 13, 2001, shall have been paid in

full; provided that

executed counterparts of this Amendment shall have been received by the

Required Lenders on or before the date hereof.

 

The effectiveness

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

factual matters described herein.  This

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 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 Amendment.

 

(b)   The Credit Agreement, as specifically amended by this Amendment,

and 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 Amendment.

 

(c)   The execution, delivery and effectiveness of this Amendment shall

not, except as expressly provided herein, operate as a waiver of any right,

power or remedy of any Lender or

 

5

 

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, Expenses.  Each of the Borrowers hereby severally agree

to pay on demand all reasonable costs and expenses of the Administrative Agent

in connection with the preparation, execution, delivery and administration,

modification and amendment of this Amendment (including, without limitation,

the reasonable fees and expenses of counsel for the Administrative Agent) in

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

 

SECTION 5.   Execution in Counterparts.  This 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 but one and the same agreement.  Delivery of an executed counterpart of a

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

of a manually executed counterpart of this Amendment.

 

SECTION 6. Governing

Law.  This Amendment shall be

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

New York.

 

[Remainder of this page

intentionally left blank.]

 

6

 

IN WITNESS

WHEREOF, the parties hereto have caused this Amendment to be executed by their

respective officers thereunto duly authorized, as of the date first above

written.

 

	

   

  	

  BROADWING INC. (f/k/a CINCINNATI BELL INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BROADWING COMMUNICATIONS SERVICES INC. (f/k/a IXC COMMUNICATIONS

  SERVICES, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

7

 

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:

  

 

8

 

	

   

  	

  Lenders:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ABN AMRO BANK N.V.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ADDISON CDO, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  AERIES FINANCE — II LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ALLSTATE LIFE INSURANCE COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  AMARA I FINANCE  LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  AMMC CDO II, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  APEX (TRIMARAN) CDO I LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

9

 

	

   

  	

  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:

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  ARES LEVERAGED INVESTMENT FUND II LP

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  	 

	

   

  	

  Title:

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  ATHENA CDO,

  LIMITED

  	 

	

   

  	

  By:

  	

  Pacific

  Investment Management Company, as its Investment Advisor

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  	 

	

   

  	

  Title:

  	 

	

   

  	

  AVALON CAPITAL

  LTD.

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  	 

	

   

  	

  Title:

  	 

						

 

10

 

 

	

   

  	

  AVALON CAPITAL LTD. II

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK OF AMERICA, N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK OF CHINA, NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BANK OF MONTREAL

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BAVARIA TRR CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

11

 

	

   

  	

  BAYERISCHE HYPO-UND VEREINSBANK AG,

  
	

   

  	

  NEW YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  BAYERISCHE LANDESBANK 

  
	

   

  	

  GIROZENTRALE CAYMAN ISLANDS BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BEAR STEARNS INVESTMENT PRODUCTS INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BLACK DIAMOND CAPITAL MGT.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BLACK DIAMOND CLO 2000-1 LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA FINANCE LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

12

 

	

   

  	

  CAPTIVA II FINANCE LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA III FINANCE LTD., as advised by Pacific Investment Management

  Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CAPTIVA IV FINANCE LTD., as advised by

  Pacific Investment Management Company

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CENTURION CDO II, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CENTURION CDO III, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CERES II FINANCE LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

13

 

	

   

  	

  CHANG HWA

  COMMERCIAL BANK, LTD.

  
	

   

  	

  New York

  Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CHARTER VIEW PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CHINATRUST COMMERCIAL BANK, LTD.

  
	

   

  	

  New York Branch

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CITIBANK N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CITIZENS BANK OF MASSACHUSETTS

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CLYDESDALE CLO 2001-1

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  COBANK, ACB

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

14

 

	

   

  	

  COLISEUM FUNDING LTD.

  
	

   

  	

  By

  	

  Travelers Asset Management International

  Company LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  COMMERCEBANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CONSECO – WINGED FOOT FUNDING TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CONSTANTINUS EATON VANCE CDO V., LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CREDIT SUISSE FIRST BOSTON

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CYPRESSTREE

  INVESTMENT PARTNERS I, LTD.

  
	

   

  	

  By:

  	

  CypressTree

  Investment Management Company, Inc., as Portfolio Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

15

 

	

   

  	

  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:

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  DIVERSIFIED CREDIT PORTFOLIO LTD.

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  EAST WEST BANK

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  EATON VANCE CDO III, LTD.

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  	 

					

 

16

 

	

   

  	

  EATON VANCE CDO IV, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EATON VANCE INSTITUTIONAL SENIOR LOAN

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EATON VANCE SENIOR INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ELT LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ERSTE BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EXCEL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  EXPORT DEVELOPMENT CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

17

 

	

   

  	

  FIFTH THIRD

  BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FIRST DOMINION FUNDING I

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  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:

  

 

18

 

	

   

  	

  FLEET

  NATIONAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FUJI BANK LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  GENERAL ELECTRIC CAPITAL CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  GRAYSON & CO.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  GREAT POINT CLO 1999-1 LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  HARBOR VIEW CDO II LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  HARCH CLO I, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

19

 

	

   

  	

  IBM CREDIT

  CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  IKB CAPITAL CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL FUNDING IIA, LTD.

  
	

   

  	

  By:   Indosuez Capital as

  Portfolio Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL FUNDING III LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL FUNDING IV, L.P.

  
	

   

  	

  By:   Indosuez Capital as

  Portfolio Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INDOSUEZ CAPITAL FUNDING VI, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ING PILGRIM SENIOR INCOME FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  

 

20

 

	

   

  	

  ING SWISS LIFE US RAINBOW LIMITED

  
	

   

  	

  By:

  	

  ING Capital Advisors LLC, as Investment

  Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INVESCO AERIES FINANCE – II LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  INVESCO CBO 2000-1 LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  JHW CASH FLOW FUND I, L.P.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  JISSEKIKUN FUNDING, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  JUPITER FUNDING TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KATONAH I, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

21

 

	

   

  	

  KEMPER

  FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KEY CORPORATE CAPITAL INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CNC LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CRESCENT LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CRESCENT 2 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CRESCENT – 3 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH CYPRESSTREE-1 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

22

 

	

   

  	

  KZH ING-1

  LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH ING-2 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH ING-3 LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  KZH STERLING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  LAGUNA FUNDING TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  LIBERTY – STEIN ROE ADVISOR FLOATING

  RATE

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

23

 

	

   

  	

  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:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  MERITA BANK PLC, NEW YORK BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  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:

  
				

 

24

 

	

   

  	

  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:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NATEXIS BANQUE POPULAIRES

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NATIONAL CITY BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NATIONAL WESTMINSTER BANK PLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NEMEAN CLO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

25

 

	

   

  	

  NOMURA BOND & LOAN FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NORTHWOODS CAPITAL, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NORTHWOODS CAPITAL II, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NORTHWOODS CAPITAL III, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  OAK HILL CREDIT PARTNERS I, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  OASIS COLLATERALIZED HIGH INCOME PORTFOLIO –

  1 LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  OPPENHEIMER SENIOR FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

26

 

	

   

  	

  ORIGINATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ORYX CLO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  OXFORD STRATEGIC INCOME FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PACIFICA PARTNERS I, L.P.

  
	

   

  	

  By:

  	

  Imperial Credit Asset Management, as its

  Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PHOENIX FUNDING LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PILGRIM CLO 1999-1 LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments, Inc. as its Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

27

 

	

   

  	

  PILGRIM

  PRIME RATE TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  PNC BANK, N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  RIVIERA FUNDING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ROYAL BANK OF CANADA

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ROYALTON COMPANY

  
	

   

  	

  By:

  	

  Pacific Investment Management Company, as its Investment Advisor

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SANKATY HIGH YIELD ASSET PARTNERS II, L.P.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SANKATY HIGH YIELD PARTNERS III LP

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

28

 

	

   

  	

  SENIOR DEBT

  PORTFOLIO

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SEQUILS I, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SEQUILS IV, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SEQUILS-CENTURION V, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By 

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SEQUILS PILGRIM I, LTD.

  
	

   

  	

  By:

  	

  Pilgrim Investments, Inc., as its

  Investment Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SIMSBURY CLO, LIMITED, as Assignee

  
	

   

  	

  By:

  	

  Massachusetts Mutual Life Insurance

  Company, as Collateral Manager

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

29

 

	

   

  	

  STANFIELD ARBITRAGE CDO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  STANFIELD/RMP TRANSATLANTIC CDO, LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  STANWICH LOAN FUNDING LLC

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  STEIN ROE FLOATING RATE LTD. LIABILITY

  COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SUMITOMO TRUST AND BANKING CO., LTD.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SUMMIT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TCW SELECT LOAN FUND, LIMITED

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

30

 

	

   

  	

  THE BANK OF

  NEW YORK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE BANK OF TOKYO-MITSUBISHI, LTD.,

  
	

   

  	

  CHICAGO BRANCH

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THE PROVIDENT BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  SUMITOMO MITSUI BANKING CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  THERMOPYLAE FUNDING CORP.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TORONTO DOMINION BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TORONTO DOMINION (NEW YORK), INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

31

 

	

   

  	

  THE TRAVELERS INSURANCE COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  TYLER TRADING, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  UNITED WORLD CHINESE COMMERCIAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  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 PRIME RATE INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
				

 

32

 

	

   

  	

  VAN KAMPEN SENIOR FLOATING RATE FUND

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  VAN KAMPEN SENIOR INCOME TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  WEBSTER BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  WINGED FOOT FUNDING TRUST

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  

 

33

 

 

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 Amendment

No. 5, 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 the

foregoing Amendment No. 5 and hereby confirms and agrees that (a)

notwithstanding the effectiveness of the foregoing Amendment No. 5, 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:

  

 

34

 

	

   

  	

  BROADWING COMMUNICATIONS INC. (f/k/a IXC

  COMMUNICATIONS, INC.)

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL DIRECTORY INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BROADWING IT CONSULTING INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  ZOOMTOWN.COM INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL WIRELESS COMPANY

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  BROADWING HOLDINGS INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  CINCINNATI BELL ANY DISTANCE INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  

 

35

 

	

   

  	

  CINCINNATI BELL PUBLIC COMMUNICATIONS INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

  Title:

  
	

   

  	

   

  
	

   

  	

  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:

  

 

36

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"}]]