Document:

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Exhibit 10.2

                                                                  EXECUTION COPY
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                                    FIVE-YEAR

           COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT

                           Dated as of March 23, 2001

                                      among

                          AT&T WIRELESS SERVICES, INC.,

                            THE LENDERS PARTY HERETO,

               THE CHASE MANHATTAN BANK and BANK OF AMERICA, N.A.,
                           as Administrative Agents,

                            THE CHASE MANHATTAN BANK,
                                as Paying Agent,

                                       and

              MERRILL LYNCH CAPITAL CORPORATION and CITIBANK, N.A.,
                              as Syndication Agents

                               ------------------

                  JPMORGAN and BANC OF AMERICA SECURITIES LLC,
                     as Joint Lead Arrangers and Bookrunners

================================================================================

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                                TABLE OF CONTENTS

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                                                                                          Page
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<S>                     <C>                                                               <C>
                                    ARTICLE I

                                   Definitions

        SECTION 1.01.   Defined Terms........................................................1

                                   ARTICLE II

                                   The Credits

        SECTION 2.01.   Commitments.........................................................13
        SECTION 2.02.   Loans...............................................................13
        SECTION 2.03.   Competitive Bid Procedure...........................................14
        SECTION 2.04.   Standby Borrowing Procedure.........................................17
        SECTION 2.05.   Conversion and Continuation of Standby Loans........................17
        SECTION 2.06.   Fees................................................................18
        SECTION 2.07.   Repayment of Loans; Evidence of Debt................................19
        SECTION 2.08.   Interest on Loans...................................................19
        SECTION 2.09.   Default Interest....................................................20
        SECTION 2.10.   Alternate Rate of Interest..........................................20
        SECTION 2.11.   Termination and Reduction of Commitments............................21
        SECTION 2.12.   Prepayment..........................................................21
        SECTION 2.13.   Reserve Requirements; Change in Circumstances.......................22
        SECTION 2.14.   Change in Legality..................................................23
        SECTION 2.15.   Indemnity...........................................................24
        SECTION 2.16.   Pro Rata Treatment..................................................24
        SECTION 2.17.   Sharing of Setoffs..................................................25
        SECTION 2.18.   Payments............................................................25
        SECTION 2.19.   Taxes...............................................................26
        SECTION 2.20.   Mandatory Assignment; Commitment Termination........................28
        SECTION 2.21.   Change of Control...................................................28

                                   ARTICLE III

                         Representations and Warranties

        SECTION 3.01.   Organization; Powers................................................29
        SECTION 3.02.   Authorization.......................................................29
        SECTION 3.03.   Enforceability......................................................30
        SECTION 3.04.   Governmental Approvals..............................................30
        SECTION 3.05.   Financial Statements................................................30
        SECTION 3.06.   Litigation; Compliance with Laws....................................30
        SECTION 3.07.   Federal Reserve Regulations.........................................31
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                                       i
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<TABLE>
<S>                     <C>                                                               <C>
        SECTION 3.08.   Investment Company Act; Public Utility Holding Company Act..........31
        SECTION 3.09.   Use of Proceeds.....................................................31
        SECTION 3.10.   No Material Misstatements...........................................31
        SECTION 3.11.   Tax Returns.........................................................31
        SECTION 3.12.   ERISA...............................................................32
        SECTION 3.13.   Environmental Matters...............................................32
        SECTION 3.14.   Contribution........................................................32

                                   ARTICLE IV

                              Conditions of Lending

        SECTION 4.01.   All Borrowings. On the date of each Borrowing:......................32
        SECTION 4.02.   Closing Date. On the Closing Date:..................................33

                                    ARTICLE V

                              Affirmative Covenants

        SECTION 5.01.   Existence; Conduct of Business......................................34
        SECTION 5.02.   Financial Statements, Reports, etc..................................34
        SECTION 5.03.   Records; Inspection Rights..........................................35
        SECTION 5.04.   Use of Proceeds.....................................................35
        SECTION 5.05.   Notices of Material Events..........................................35
        SECTION 5.06.   Payment of Obligations..............................................35
        SECTION 5.07.   Maintenance of Properties; Insurance................................35
        SECTION 5.08.   Compliance with Laws................................................36

                                   ARTICLE VI

                               Negative Covenants

        SECTION 6.01.   Limitation on Liens.................................................36
        SECTION 6.02.   Limitations on Indebtedness.........................................37
        SECTION 6.03.   Interest Coverage Test..............................................37
        SECTION 6.04.   Payment of Dividends................................................37
        SECTION 6.05.   Consolidations, Mergers and Sales of Assets.........................37

                                   ARTICLE VII

                                Events of Default

                                  ARTICLE VIII

                                   The Agents
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<S>                     <C>                                                               <C>
                                   ARTICLE IX

                                  Miscellaneous

        SECTION 9.01.   Notices.............................................................42
        SECTION 9.02.   Survival of Agreement...............................................43
        SECTION 9.03.   Binding Effect......................................................43
        SECTION 9.04.   Successors and Assigns..............................................43
        SECTION 9.05.   Expenses; Indemnity.................................................46
        SECTION 9.06.   Applicable Lawc.....................................................47
        SECTION 9.07.   Waivers; Amendment..................................................47
        SECTION 9.08.   Entire Agreement....................................................47
        SECTION 9.09.   Severability........................................................47
        SECTION 9.10.   Counterparts........................................................48
        SECTION 9.11.   Headings............................................................48
        SECTION 9.12.   Jurisdiction, Etc...................................................48
        SECTION 9.13.   Waiver of Jury Trial................................................48

Exhibits and Schedules

Exhibit A-1         Form of Competitive Bid Request
Exhibit A-2         Form of Notice of Competitive Bid Request
Exhibit A-3         Form of Competitive Bid
Exhibit A-4         Form of Competitive Bid Accept/Reject Letter
Exhibit A-5         Form of Standby Borrowing Request
Exhibit B           Administrative Questionnaire
Exhibit C           Form of Assignment and Acceptance
Exhibit D           Form of Opinion of Counsel for Borrower
Exhibit E           Form of Note
Schedule 2.01       Commitments
</TABLE>

                                      iii
<PAGE>

                             FIVE-YEAR COMPETITIVE ADVANCE AND REVOLVING CREDIT
                      FACILITY AGREEMENT dated as of March 23, 2001, among AT&T
                      WIRELESS SERVICES, INC., a Delaware corporation (the
                      "Borrower"); the Lenders from time to time party hereto;
                      THE CHASE MANHATTAN BANK ("Chase") and BANK OF AMERICA,
                      N.A., as administrative agents for the Lenders (in such
                      capacity, the "Administrative Agents"); CHASE, as paying
                      agent for the Lenders (in such capacity, the "Paying
                      Agent"); and MERRILL LYNCH CAPITAL CORPORATION and
                      CITIBANK, N.A., as syndication agents.

               The Borrower has requested the Lenders to extend credit to the
Borrower to enable it to borrow on a standby revolving credit basis at any time
and from time to time on and after the date hereof and prior to the Termination
Date (as herein defined) a principal amount not in excess of $1,250,000,000 at
any time outstanding. The Borrower has also requested the Lenders to establish
procedures pursuant to which the Borrower may invite the Lenders to bid on an
uncommitted basis on short-term borrowings by the Borrower maturing on or prior
to the Termination Date. The proceeds of borrowings hereunder are to be used for
working capital and other general corporate purposes, including capital and
other expenditures in connection with the build-out and operation of the
Borrower's wireless system and the provision of liquidity in connection with any
commercial paper program of the Borrower. The Lenders are willing to extend such
credit to the Borrower on the terms and subject to the conditions herein set
forth.

               Accordingly, the Borrower, the Lenders and the Agents agree as
follows:

                                   ARTICLE I

                                   Definitions

               SECTION 1.01. Defined Terms. As used in this Agreement, the
following terms shall have the meanings specified below:

               "ABR Borrowing" shall mean a Borrowing comprised of ABR Loans.

               "ABR Loan" shall mean any Standby Loan bearing interest at a rate
determined by reference to the Alternate Base Rate in accordance with the
provisions of Article II.

               "Administrative Agents" shall have the meaning specified in the
recital of parties to this Agreement.

               "Administrative Fees" shall have the meaning assigned to such
term in Section 2.06(c).

               "Administrative Questionnaire" shall mean an Administrative
Questionnaire in the form of Exhibit B hereto.

               "Affiliate" shall mean, when used with respect to a specified
person, another person that directly or indirectly controls or is controlled by
or is under common control with the person specified.

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                                                                               2

               "Agents" shall mean the Administrative Agents and the Paying
Agent.

               "Alternate Base Rate" shall mean, for any day, a rate per annum
(rounded upwards, if necessary, to the next 1/16 of 1%) equal to the greater of
(a) the Prime Rate in effect on such day and (b) the Federal Funds Effective
Rate in effect on such day plus 2 of 1%. If for any reason the Paying Agent
shall have determined (which determination shall be conclusive absent manifest
error) that it is unable to ascertain the Federal Funds Effective Rate for any
reason, including the inability of the Paying Agent to obtain sufficient
quotations in accordance with the terms thereof, the Alternate Base Rate shall
be determined without regard to clause (b) of the first sentence of this
definition until the circumstances giving rise to such inability no longer
exist. Any change in the Alternate Base Rate due to a change in the Prime Rate
or the Federal Funds Effective Rate shall be effective on the effective date of
such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

               "Applicable Rate" shall mean, for any day, with respect to any
Eurodollar Standby Loan, or with respect to the facility fees payable hereunder,
as the case may be, the applicable rate per annum set forth below under the
caption "Applicable Margin" or "Facility Fee Rate", as the case may be, based
upon the ratings of Moody's and S&P, respectively, applicable on such date to
the Index Debt:

<TABLE>
<CAPTION>
------------------------------------------------------------------------
     INDEX DEBT RATINGS
        (S&P/MOODY'S)           APPLICABLE MARGIN    FACILITY FEE RATE
------------------------------------------------------------------------
<S>                             <C>                  <C>
         Category 1                   0.325                0.100
       A-/A3 or higher
------------------------------------------------------------------------
         Category 2                   0.375                0.125
          BBB+/Baa1
------------------------------------------------------------------------
         Category 3                   0.475                0.150
          BBB/Baa2
------------------------------------------------------------------------
         Category 4                   0.675                0.200
          BBB-/Baa3
------------------------------------------------------------------------
         Category 5                   0.950                0.300
    lower than BBB-/Baa3
         or unrated
------------------------------------------------------------------------
</TABLE>

               For purposes of the foregoing, (a) if either S&P or Moody's shall
not have in effect a rating for the Index Debt (other than by reason of the
circumstances referred to in the last sentence of this definition), then such
rating agency shall be deemed to have established a rating in Category 5; (b) if
the ratings established or deemed to have been established by S&P and Moody's
for the Index Debt shall fall within different Categories, the Applicable Rate
shall be based on the higher of the two ratings unless (i) one of the two
ratings is two or more Categories lower than the other, in which case the
Applicable Rate shall be determined by reference to the Category next above that
of the lower of the two ratings or (ii) the Borrower's Short-Term Debt is rated
less than A2 or P2 or is unrated by either rating agency, in which case the
lower rating will apply, and (c) if the ratings established or deemed to have
been established by S&P or

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                                                                            3

Moody's for the Index Debt shall be changed (other than as a result of a
change in the rating system of S&P or Moody's), such change shall be effective
as of the date on which it is first announced by the applicable rating agency.
Each change in the Applicable Rate shall apply during the period commencing on
the effective date of such change and ending on the date immediately preceding
the effective date of the next such change. If the rating system of S&P or
Moody's shall change, or if either such rating agency shall cease to be in the
business of rating corporate debt obligations, the Borrower and the Lenders
shall negotiate in good faith to amend this definition to reflect such changed
rating system or the unavailability of ratings from such rating agency and,
pending the effectiveness of any such amendment, the Applicable Rate shall be
determined by reference to the rating of such rating agency most recently in
effect prior to such change or cessation.

               "Assignment and Acceptance" shall mean an assignment and
acceptance entered into by a Lender and an assignee with the consent of the
Borrower, and accepted by the Paying Agent in accordance with Section 9.04(e),
in the form of Exhibit C hereto.

               "AT&T" shall mean AT&T Corp., a Delaware corporation.

               "AT&T Wireless Group" shall refer to such entity described in the
Form S-4.

               "AT&T Wireless Tracking Stock" shall refer to such stock
described in the Form S-4.

               "Board" shall mean the Board of Governors of the Federal Reserve
System of the United States.

               "Board of Directors" shall mean the Board of Directors of the
Borrower or any duly authorized committee thereof.

               "Borrowing" shall mean a group of Loans of a single Type made by
the Lenders (or, in the case of a Competitive Borrowing, by the Lender or
Lenders whose Competitive Bids have been accepted pursuant to Section 2.03) on a
single date and as to which a single Interest Period is in effect.

               "Business Day" shall mean any day (other than a day which is a
Saturday, Sunday or legal holiday in the State of New York) on which banks are
open for business in New York City; provided, however, that, when used in
connection with a Eurodollar Loan, the term "Business Day" shall also exclude
any day on which banks are not open for dealings in dollar deposits in the
London interbank market.

               "Capital Lease Obligations" of any Person shall mean the
obligations of such Person to pay rent or other amounts under any lease of (or
other arrangement conveying the right to use) real or personal property, or a
combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP,
and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP.

               "Change of Control" shall have the meaning set forth in Section
2.21.

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                                                                               4

               "Closing Date" shall mean the date hereof.

               "Code" shall mean the Internal Revenue Code of 1986, as the same
may be amended from time to time.

               "Commitment" shall mean, with respect to each Lender, the
Commitment of such Lender as set forth in Schedule 2.01 hereto, as such
commitment may be (a) reduced from time to time pursuant to Section 2.11 and (b)
reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 9.04.

               "Competitive Bid" shall mean an offer by a Lender to make a
Competitive Loan pursuant to Section 2.03.

               "Competitive Bid Accept/Reject Letter" shall mean a notification
made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit A-4.

               "Competitive Bid Rate" shall mean, as to any Competitive Bid made
by a Lender pursuant to Section 2.03(b), (i) in the case of a Eurodollar Loan,
the Margin, and (ii) in the case of a Fixed Rate Loan, the fixed rate of
interest offered by the Lender making such Competitive Bid.

               "Competitive Bid Request" shall mean a request made pursuant to
Section 2.03 in the form of Exhibit A-1.

               "Competitive Borrowing" shall mean a Borrowing consisting of a
Competitive Loan or concurrent Competitive Loans from the Lender or Lenders
whose Competitive Bids for such Borrowing have been accepted by the Borrower
under the bidding procedure described in Section 2.03.

               "Competitive Loan" shall mean a Loan from a Lender to the
Borrower pursuant to the bidding procedure described in Section 2.03. Each
Competitive Loan shall be a Eurodollar Competitive Loan or a Fixed Rate Loan.

               "Consolidated" refers to the consolidation of accounts of the
Borrower and the Subsidiaries in accordance with GAAP.

               "Consolidated Interest Expense" shall mean, for any period, the
total interest expense of the Borrower and its Subsidiaries determined on a
consolidated basis in accordance with GAAP.

               "Consolidated Net Assets" shall mean, on any date, the total
assets of the Borrower and its Subsidiaries less the total liabilities of the
Borrower and its Subsidiaries, determined on a consolidated basis in accordance
with GAAP.

               "Contribution" shall mean the contribution by AT&T and its
Affiliates of virtually all the assets and liabilities of AT&T that are
allocated to AT&T Wireless Group to the Borrower.

<PAGE>
                                                                               5

               "Default" shall mean any event or condition which upon notice,
lapse of time or both would constitute an Event of Default.

               "Derivatives Obligations" of any Person shall mean all
obligations of such Person in respect of any rate swap transaction, basis swap,
forward rate transaction, commodity swap, commodity option, equity or equity
index swap, equity or equity index option, bond option, interest rate option,
foreign exchange transaction, cap transaction, floor transaction, currency
option, futures or any other similar transaction (including any option with
respect to any of the foregoing transactions) or any combination of the
foregoing transactions.

               "DoCoMo" shall mean NTT DoCoMo Inc., a corporation organized
under the laws of Japan, and its successors and assigns.

               "DoCoMo Investment" shall mean the acquisition by DoCoMo of AT&T
Wireless Group Preferred Tracking Stock and Warrants for an aggregate purchase
price of $9,811,079,720 completed on January 22, 2001.

               "DoCoMo Repurchase Obligation" shall mean any obligation of the
Borrower or any Subsidiary to pay any amounts in respect of the repurchase of
(a) any Equity Interests that shall have been purchased by DoCoMo as part of the
DoCoMo Investment or (b) any Equity Interests or other securities received by
DoCoMo in exchange for or upon the conversion of the Equity Interests referred
to in the preceding clause (a) or in this clause (b); provided, that for
purposes of Article VII, a DoCoMo Repurchase Obligation shall be deemed to exist
only at such time as the Borrower shall be actually, and not merely
contingently, obligated to pay such amounts and, if AT&T or the Borrower has
exercised its right to cause DoCoMo to sell all or part of such Equity Interests
pursuant to the Investor Agreement dated as of December 20, 2000, shall be
calculated net of any proceeds that have been received by DoCoMo from, and only
after giving effect to, any such sale.

               "dollars" or "$" shall mean lawful money of the United States of
America.

               "Environmental Laws" shall mean all current and future federal,
state, local and foreign laws (including common law), treaties, regulations,
rules, ordinances, codes, decrees, judgments, injunctions, notices, directives
and orders (including consent orders), in each case, relating to protection of
the environment, natural resources, human health and safety or the presence,
Release of, or exposure to, Hazardous Materials, or the generation, manufacture,
processing, distribution, use, treatment, storage, transport, recycling of
handling of, or the arrangement for such activities with respect to, Hazardous
Materials. For purposes of this definition, "Release" shall mean release, spill,
emission, leaking, dumping, injection, pouring, deposit, disposal, discharge,
dispersal, leaching or migration into or through the environment or within or
upon any building, structure, facility or fixture; and "Hazardous Materials"
shall mean all explosive or radioactive substances, wastes or other pollutants,
including (i) any petroleum products or byproducts and all other hydrocarbons,
coal ash, radon gas, asbestos, urea formaldehyde foam insulation,
polychlorinated biphenyls, chlorofluorocarbons and all other ozone-depleting
substances, and radio-frequency and electromagnetic field radiation or emissions
and (ii) any chemical, material, substance or waste that is prohibited, limited
or regulated by or pursuant to any Environmental Law.

<PAGE>
                                                                               6

               "Equity Interests" shall mean, with respect to any Person, shares
of capital stock of (or other ownership or profit interests in) such Person,
warrants, options or other rights for the purchase or other acquisition from
such Person of shares of capital stock of (or other ownership or profit
interests in) such Person, securities convertible into or exchangeable for
shares of capital stock of (or other ownership or profit interests in) such
Person or warrants, rights or options for the purchase or other acquisition from
such Person of such shares (or such other interests), and other ownership or
profit interests in such Person (including, without limitation, partnership,
member or trust interests therein), whether voting or nonvoting, and whether or
not such shares, warrants, options, rights or other interests are authorized or
otherwise existing on any date of determination.

               "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as amended from time to time.

               "ERISA Affiliate" shall mean any trade or business (whether or
not incorporated) that, together with the Borrower, is treated as a single
employer under Section 414(b) or (c) of the Code or, solely for purposes of
Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

               "ERISA Event" shall mean (a) any "reportable event", as defined
in Section 4043 of ERISA or the regulations issued thereunder with respect to a
Plan (other than an event for which the 30-day notice period is waived); (b) the
existence with respect to any Plan of an "accumulated funding deficiency" (as
defined in Section 412 of the Code or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d)
of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate
from the PBGC or a plan administrator of any notice relating to an intention to
terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f)
the incurrence by the Borrower or any of its ERISA Affiliates of any liability
with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of
any notice, or the receipt by any Multiemployer Plan from the Borrower or any
ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability
or a determination that a Multiemployer Plan is, or is expected to be, insolvent
or in reorganization, within the meaning of Title IV of ERISA.

               "Eurodollar Borrowing" shall mean a Borrowing comprised of
Eurodollar Loans.

               "Eurodollar Competitive Loan" shall mean any Competitive Loan
bearing interest at a rate determined by reference to the LIBO Rate in
accordance with the provisions of Article II.

               "Eurodollar Loan" shall mean any Eurodollar Competitive Loan or
Eurodollar Standby Loan.

               "Eurodollar Standby Loan" shall mean any Standby Loan bearing
interest at a rate determined by reference to the LIBO Rate in accordance with
the provisions of Article II.

<PAGE>
                                                                               7

               "Event of Default" shall have the meaning assigned to such term
in Article VII.

               "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

               "Facility Fee" shall have the meaning assigned to such term in
Section 2.06(a).

               "Federal Funds Effective Rate" shall mean, for any day, the
weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as
released on the next succeeding Business Day by the Federal Reserve Bank of New
York, or, if such rate is not so released for any day which is a Business Day,
the arithmetic average (rounded upwards to the next 1/100th of 1%), as
determined by the Paying Agent, of the quotations for the day of such
transactions received by the Paying Agent from three Federal funds brokers of
recognized standing selected by it.

               "Fee Letter" shall mean the Fee Letter dated February 8, 2001,
among the Borrower, the Joint Lead Arrangers and the Administrative Agents.

               "Fees" shall mean the Facility Fee, the Utilization Fee and the
Administrative Fees.

               "Financial Officer" of any corporation shall mean the chief
financial officer, principal accounting officer, Treasurer or Assistant
Treasurer of such corporation.

               "Fixed Rate Borrowing" shall mean a Borrowing comprised of Fixed
Rate Loans.

               "Fixed Rate Loan" shall mean any Competitive Loan bearing
interest at a fixed percentage rate per annum (expressed in the form of a
decimal to no more than four decimal places) specified by the Lender making such
Loan in its Competitive Bid.

               "Form S-4" shall mean Amendment No. 1 to the Registration
Statement on Form S-4 of AT&T filed with the SEC on February 23, 2001.

               "GAAP" shall mean generally accepted accounting principles,
applied on a consistent basis.

               "Governmental Authority" shall mean any Federal, state, local or
foreign court or governmental agency, authority, instrumentality or regulatory
body.

               "Guarantee" of or by any Person (the "guarantor") means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the
economic effect of guaranteeing any Indebtedness of any other Person (the
"primary obligor") in any manner, whether directly or indirectly, and including
any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Indebtedness or to
purchase (or to advance or supply funds for the purchase of) any security for
the payment thereof, (b) to purchase or lease property, securities or services
for the purpose of assuring the owner of such Indebtedness of the payment
thereof, (c) to maintain working capital, equity capital or any other financial
statement condition or liquidity of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or (d) as an account party in respect
of

<PAGE>
                                                                               8

any letter of credit or letter of guaranty issued to support such Indebtedness;
provided, that the term "Guarantee" shall not include endorsements for
collection or deposit in the ordinary course of business.

               "Indebtedness" of any Person shall mean (a) all indebtedness for
money borrowed that is created, assumed or incurred in any manner by such
Person, (b) all obligations of such Person evidenced by bonds, debentures, notes
or other similar instruments, (c) all obligations of such Person in respect of
the deferred purchase price of property or services (excluding current accounts
payable incurred in the ordinary course of business), (d) all Capital Lease
Obligations of such Person and (e) all Guarantees of such Person; provided that,
solely for purposes of Section 6.02, Indebtedness shall be calculated net of (i)
cash and cash equivalents held by the Borrower and its Consolidated Subsidiaries
on the date of determination and (ii) prior to the Spin-Off, but without
duplication, the cash proceeds of the DoCoMo Investment and the Borrower's
senior unsecured notes to the extent they have been advanced in the form of a
loan to AT&T or a wholly owned subsidiary of AT&T.

               "Index Debt" shall mean senior, unsecured, long-term indebtedness
for borrowed money of the Borrower that is not guaranteed by any other Person or
subject to any other credit enhancement.

               "Interest Payment Date" shall mean, with respect to any Loan, the
last day of the Interest Period applicable thereto and, in the case of a
Eurodollar Loan with an Interest Period of more than three months' duration or a
Fixed Rate Loan with an Interest Period of more than 90 days' duration, each day
that would have been an Interest Payment Date for such Loan had successive
Interest Periods of three months' duration or 90 days' duration, as the case may
be, been applicable to such Loan and, in addition, the date of any conversion of
such Loan to a Loan of a different Type.

               "Interest Period" shall mean (a) as to any Eurodollar Borrowing,
the period commencing on the date of such Borrowing or on the last day of the
immediately preceding Interest Period applicable to such Borrowing, as the case
may be, and ending on the numerically corresponding day (or, if there is no
numerically corresponding day, on the last day) in the calendar month that is 1,
2, 3 or 6 months thereafter, as the Borrower may elect, (b) as to any ABR
Borrowing, the period commencing on the date of such Borrowing or on the last
day of the immediately preceding Interest Period applicable to such Borrowing,
as the case may be, and ending on the earliest of (i) the next succeeding March
31, June 30, September 30 or December 31, (ii) the Termination Date, and (iii)
the date such Borrowing is converted to a Borrowing of a different Type in
accordance with Section 2.05 or repaid or prepaid in accordance with Section
2.07 or Section 2.12 and (c) as to any Fixed Rate Borrowing, the period
commencing on the date of such Borrowing and ending on the date specified in the
Competitive Bids in which the offer to make the Fixed Rate Loans comprising such
Borrowing were extended, which shall not be earlier than seven days after the
date of such Borrowing or later than 360 days after the date of such Borrowing;
provided, however, that if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding
Business Day unless, in the case of Eurodollar Loans only, such next succeeding
Business Day would fall in the next calendar month, in which case such Interest
Period shall end on the next preceding Business Day. Interest shall accrue from
and including the first day of an Interest Period to but excluding the last day
of such Interest Period.

<PAGE>
                                                                               9

               "Japan Telecom" shall mean Japan Telecom Co., Ltd., a corporation
organized under the laws of Japan.

               "Joint Lead Arrangers" shall mean JPMorgan, a division of Chase
Securities Inc., and Banc of America Securities LLC, as joint lead arrangers and
bookrunners for the credit facility established hereby.

               "Lenders" means the Persons listed on Schedule 2.01 and any other
Person that shall have become a party hereto pursuant to an Assignment and
Acceptance, other than any such Person that shall have ceased to be a party
hereto pursuant to an Assignment and Acceptance.

               "LIBO Rate" shall mean, with respect to each Interest Period, a
rate of interest determined on the basis of at least two offered rates for
deposits in United States dollars for a period equal to such Interest Period
commencing on the first day of such Interest Period appearing on the Reuters
Screen LIBO Page as of 11:00 a.m. (London time) on the day that is two Business
Days prior to the first day of such Interest Period. If at least two such
offered rates appear on the Reuters Screen LIBO Page, the rate with respect to
each Interest Period will be the arithmetic average (rounded upwards to the next
1/16th of 1%) of such offered rates. If fewer than two offered rates appear,
"LIBO Rate" in respect of any Interest Period will be determined on the basis of
the rates at which deposits in United States dollars are offered by the Paying
Agent at approximately 11:00 a.m. (London time) on the day that is two Business
Days preceding the first day of such Interest Period to prime banks in the
London interbank market for a period equal to such Interest Period commencing on
the first day of such Interest Period.

               "Lien" shall mean any mortgage, pledge, security interest, lien,
charge or other encumbrance of any kind, or any other type of preferential
treatment that has substantially the same practical effect as a security
interest. For purposes hereof, the Borrower or any Subsidiary shall be deemed to
own subject to a Lien any asset which it has acquired or holds subject to the
interest of a vendor or lessor under any conditional sale agreement, capital
lease or other title retention agreement relating to such asset.

               "Loan" shall mean a Competitive Loan or a Standby Loan, whether
made as a Eurodollar Loan, an ABR Loan or a Fixed Rate Loan, as permitted
hereby.

               "Loan Documents" shall mean, collectively, this Agreement and the
Notes, if any.

               "Margin" shall mean, as to any Eurodollar Competitive Loan, the
margin (expressed as a percentage rate per annum in the form of a decimal to no
more than four decimal places) to be added to or subtracted from the LIBO Rate
in order to determine the interest rate applicable to such Loan, as specified in
the Competitive Bid relating to such Loan.

               "Margin Regulations" shall mean Regulations T, U and X of the
Board as from time to time in effect, and all official rulings and
interpretations thereunder or thereof.

               "Margin Stock" shall have the meaning given such term under
Regulation U of the Board.

<PAGE>
                                                                              10

               "Material Adverse Effect" shall mean a materially adverse effect
on the business, financial condition or results of operations of the Borrower
and its Subsidiaries taken as a whole.

               "Material Financial Obligations" shall mean Indebtedness (except
Indebtedness outstanding hereunder) and/or payment or collateralization
obligations in respect of Derivatives Obligations of the Borrower and its
Subsidiaries exceeding in the aggregate $150,000,000.

               "Material Indebtedness" means Indebtedness (except Indebtedness
outstanding hereunder) of the Borrower and its Subsidiaries in an aggregate
principal amount exceeding $150,000,000.

               "Moody's" shall mean Moody's Investors Service, Inc. or any
successor rating agency.

               "Multiemployer Plan" shall mean a multiemployer plan as defined
in Section 4001(a)(3) of ERISA.

               "Note" shall mean a promissory note of the Borrower, issued
pursuant to Section 9.04(i) and payable to the order of any Lender, in
substantially the form of Exhibit E hereto, evidencing the aggregate
Indebtedness of the Borrower to such Lender resulting from the Loans made by
such Lender.

               "Operational EBITDA" shall mean, for any period, consolidated
operating income (or loss) of the Borrower and its Subsidiaries as reported in
the annual audited and quarterly unaudited financial statements of the Borrower
included in the SEC filings described in Section 5.02(a) and (b) increased, to
the extent such items were deducted in determining such operating income (loss),
by the sum of (a) depreciation and amortization, (b) asset impairment charges,
(c) restructuring and other charges and (d) non-cash compensation on the
Borrower's stock options; provided that Operational EBITDA shall be calculated
without regard to discontinued operations. If the Borrower acquires (whether by
purchase, merger, consolidation or otherwise) all or substantially all of the
assets or property of any other Person, or engages in any asset sale permitted
by Section 6.05, during any period in respect of which Operational EBITDA is to
be determined hereunder, such Operational EBITDA will be determined on a pro
forma basis as if such acquisition or such asset sale, and any related
incurrence or repayment of Indebtedness, occurred on the first day of the
relevant period if the Operational EBITDA attributable to such acquisition or
assets sold represents more than 10% of the Borrower's Operational EBITDA
calculated immediately prior to giving effect to such acquisition or such asset
sale.

               "Optional Termination" shall have the meaning set forth in
Section 2.21.

               "Paying Agent" shall have the meaning specified in the recital of
parties to this Agreement.

               "PBGC" shall mean the Pension Benefit Guaranty Corporation
referred to and defined in ERISA and any successor entity performing similar
functions.

<PAGE>
                                                                              11

               "Person" or "person" shall mean any natural person, corporation,
business trust, joint venture, association, company, partnership or government,
or any agency or political subdivision thereof.

               "Plan" shall mean any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section
412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or
any ERISA Affiliate is (or, if such plan were terminated, would under Section
4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5) of
ERISA.

               "Prime Rate" shall mean the rate of interest per annum publicly
announced from time to time by the Paying Agent as its prime rate in effect at
its principal office in New York City; each change in the Prime Rate shall be
effective on the date such change is publicly announced as effective.

               "Receivables Securitization Transaction" shall mean the transfer
or pledge of accounts receivable and related property, or of interests therein,
(a) to a trust, partnership, corporation or other entity, which transfer or
pledge is funded by such entity in whole or in part with the proceeds of
indebtedness or securities that are paid principally from the cash flow derived
from such accounts receivable or (b) directly to an investor or other purchaser
or financing party.

               "Register" shall have the meaning given such term in Section
9.04(d).

               "Regulation D" shall mean Regulation D of the Board as from time
to time in effect and all official rulings and interpretations thereunder or
thereof.

               "Related Transactions" shall mean (i) the Contribution, (ii) the
Spin-Off and (iii) the repayment of certain intercompany indebtedness and
redemption of certain intercompany preferred stock as contemplated by the Form
S-4.

               "Required Lenders" shall mean, at any time, Lenders having
Commitments representing more than 50% of the Total Commitment or, if the
Commitments shall have been terminated, or for purposes of acceleration pursuant
to clause (ii) of Article VII, Lenders holding Loans representing more than 50%
of the aggregate principal amount of the Loans outstanding.

               "Responsible Officer" of any corporation shall mean any executive
officer or Financial Officer of such corporation and any other officer or
similar official thereof responsible for the administration of the obligations
of such corporation in respect of the Loan Documents.

               "S&P" shall mean Standard & Poor's Ratings Services, a division
of The McGraw-Hill Companies, Inc. or any successor rating agency.

               "SEC" shall mean the United States Securities and Exchange
Commission.

               "Short-Term Debt" shall mean senior, unsecured short-term
Indebtedness for borrowed money of the Borrower that is not guaranteed by any
other Person or subject to any other credit enhancement.

<PAGE>
                                                                              12

               "Significant Subsidiary" shall mean any Subsidiary that would
meet the definition of a "significant subsidiary" set forth as of the date
hereof in Regulation S-X of the SEC.

               "Spin-Off" shall mean the distribution by AT&T to its existing
shareholders, and the redemption of AT&T Wireless Tracking Stock in exchange
for, some of or all the issued and outstanding capital stock of the Borrower as
contemplated by the Form S-4.

               "Standby Borrowing" shall mean a Borrowing consisting of
simultaneous Standby Loans from each of the Lenders.

               "Standby Borrowing Request" shall mean a request made pursuant to
Section 2.04 in the form of Exhibit A-5.

               "Standby Loans" shall mean the revolving loans made by the
Lenders to the Borrower pursuant to Section 2.04. Each Standby Loan shall be a
Eurodollar Standby Loan or an ABR Loan.

               "Subsidiary" shall mean, at any time, any Person, a majority of
the Voting Equity Interests of which are at such time controlled, directly or
indirectly, by the Borrower or by one or more Subsidiaries of the Borrower and
will in any event include all subsidiaries whose accounts and/or financial
statements are consolidated in accordance with GAAP with those of the Borrower
or any Subsidiary for purposes of the consolidated financial statements
furnished pursuant to Section 5.02. For purposes hereof, "Voting Equity
Interests" are Equity Interests entitled to vote in the election of directors
(or comparable management positions).

               "Taxes" shall have the meaning assigned to such term in Section
2.19(a).

               "Termination Date" shall mean the fifth anniversary of the date
of this Agreement.

               "364-Day Credit Agreement" shall mean the Borrower's 364-Day
Credit Agreement dated as of the date hereof, as amended from time to time.

               "Total Commitment" shall mean, at any time, the aggregate amount
of Commitments of all the Lenders, as in effect at such time.

               "Type", when used in respect of any Loan or Borrowing, shall
refer to the Rate by reference to which interest on such Loan or on the Loans
comprising such Borrowing is determined. For purposes hereof, "Rate" shall
include the LIBO Rate, the Alternate Base Rate and the Fixed Rate.

               "Utilization Fee" shall have the meaning assigned to such term in
Section 2.06(b).

               "Withdrawal Liability" means liability to a Multiemployer Plan as
a result of a complete or partial withdrawal from such Multiemployer Plan, as
such terms are defined in Part I of Subtitle E of Title IV of ERISA.

               Terms Generally. The definitions in Section 1.01 shall apply
equally to both the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun

<PAGE>
                                                                              13

shall include the corresponding masculine, feminine and neuter forms. The words
"include", "includes" and "including" shall be deemed to be followed by the
phrase "without limitation". All references herein to Articles, Sections,
Exhibits and Schedules shall be deemed references to Articles and Sections of,
and Exhibits and Schedules to, this Agreement unless the context shall otherwise
require. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Borrower notifies the Paying
Agent that the Borrower wishes to amend any covenant in Article VI to eliminate
the effect of any change in GAAP on the operation of such covenant (or if the
Paying Agent notifies the Borrower that the Required Lenders wish to amend
Article VI for such purpose), then the Borrower's compliance with such covenant
shall be determined on the basis of GAAP in effect immediately before the
relevant change in GAAP became effective, until either such notice is withdrawn
or such covenant is amended in a manner satisfactory to the Borrower and the
Required Lenders.

                                   ARTICLE II

                                   The Credits

               SECTION 2.01. Commitments. Subject to the terms and conditions
and relying upon the representations and warranties herein set forth, each
Lender agrees, severally and not jointly, to make Standby Loans to the Borrower,
at any time and from time to time on and after the date hereof and until the
earlier of the Termination Date and the termination of the Commitment of such
Lender, in an aggregate principal amount at any time outstanding not to exceed
such Lender's Commitment minus the amount by which the Competitive Loans
outstanding at such time shall be deemed to have used such Commitment pursuant
to Section 2.16, subject, however, to the conditions that (i) at no time shall
(A) the sum of (x) the outstanding aggregate principal amount of all Standby
Loans made by all Lenders plus (y) the outstanding aggregate principal amount of
all Competitive Loans made by all Lenders exceed (B) the Total Commitment, and
(ii) at all times the outstanding aggregate principal amount of all Standby
Loans made by each Lender shall equal the product of (A) the percentage which
its Commitment represents of the Total Commitment times (B) the outstanding
aggregate principal amount of all Standby Loans made pursuant to Section 2.04.
Within the foregoing limits, the Borrower may borrow, pay or prepay and reborrow
Standby Loans hereunder, on and after the Closing Date and prior to the
Termination Date, subject to the terms, conditions and limitations set forth
herein.

               SECTION 2.02. Loans.

               (a) Each Standby Loan shall be made as part of a Borrowing
consisting of Loans made by the Lenders ratably in accordance with their
respective Commitments; provided, however, that the failure of any Lender to
make any Standby Loan shall not in itself relieve any other Lender of its
obligation to lend hereunder (it being understood, however, that no Lender shall
be responsible for the failure of any other Lender to make any Loan required to
be made by such other Lender). Each Competitive Loan shall be made in accordance
with the procedures set forth in Section 2.03. The Standby Loans or Competitive
Loans comprising any Borrowing shall be (i) in the case of Competitive Loans, in
an aggregate principal amount which is an integral multiple of $1,000,000 and
not less than $5,000,000 and (ii) in the case of Standby Loans, in an

<PAGE>
                                                                              14

aggregate principal amount which is an integral multiple of $5,000,000 and not
less than $10,000,000 (or an aggregate principal amount equal to the remaining
balance of the available Commitments).

               (b) Each Competitive Borrowing shall be comprised entirely of
Eurodollar Competitive Loans or Fixed Rate Loans, and each Standby Borrowing
shall be comprised entirely of Eurodollar Standby Loans or ABR Loans, as the
Borrower may request pursuant to Section 2.03 or 2.04, as applicable. Each
Lender may at its option make any Eurodollar Loan by causing any domestic or
foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall not affect the obligation of the Borrower to repay
such Loan in accordance with the terms of this Agreement. Borrowings of more
than one Type may be outstanding at the same time; provided, however, that the
Borrower shall not be entitled to request any Borrowing which, if made, would
result in an aggregate of more than 20 separate Standby Borrowings comprised of
Eurodollar Standby Loans being outstanding hereunder at any one time. For
purposes of the foregoing, Loans having different Interest Periods, regardless
of whether they commence on the same date, shall be considered separate Loans.

               (c) Subject to Section 2.05, each Lender shall make each Loan to
be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds to the Paying Agent in New York, New York, not later
than 12:00 noon, New York City time, and the Paying Agent shall by 3:00 p.m.,
New York City time, credit the amounts so received to the general deposit
account of the Borrower with the Paying Agent or, if a Borrowing shall not occur
on such date because any condition precedent herein specified shall not have
been met, return the amounts so received to the respective Lenders. Competitive
Loans shall be made by the Lender or Lenders whose Competitive Bids therefor are
accepted pursuant to Section 2.03 in the amounts so accepted. Standby Loans
shall be made by the Lenders pro rata in accordance with Section 2.16. Unless
the Paying Agent shall have received notice from a Lender prior to the date (or
in the case of ABR Borrowings, prior to 12:00 noon New York City time on the
date of such Borrowing) of any Borrowing that such Lender will not make
available to the Paying Agent such Lender's portion of such Borrowing, the
Paying Agent may assume that such Lender has made such portion available to the
Paying Agent on the date of such Borrowing in accordance with this paragraph (c)
and the Paying Agent may, in reliance upon such assumption, make available to
the Borrower on such date a corresponding amount. If and to the extent that such
Lender shall not have made such portion available to the Paying Agent, such
Lender and the Borrower severally agree to repay to the Paying Agent forthwith
on demand such corresponding amount together with interest thereon, for each day
from the date such amount is made available to the Borrower until the date such
amount is repaid to the Paying Agent at (i) in the case of the Borrower, the
interest rate applicable at the time to the Loans comprising such Borrowing and
(ii) in the case of such Lender, the Federal Funds Effective Rate. If such
Lender shall repay to the Paying Agent such corresponding amount, such amount
shall constitute such Lender's Loan as part of such Borrowing for purposes of
this Agreement.

               SECTION 2.03. Competitive Bid Procedure.

               (a) In order to request Competitive Bids, the Borrower shall hand
deliver, telex or telecopy to the Paying Agent a duly completed Competitive Bid
Request in the form of Exhibit A-1 hereto, to be received by the Paying Agent
(i) in the case of a Eurodollar Competitive Borrowing, not later than 10:00
a.m., New York City time, four Business Days

<PAGE>
                                                                              15

before a proposed Competitive Borrowing and (ii) in the case of a Fixed Rate
Borrowing, not later than 10:00 a.m., New York City time, one Business Day
before a proposed Competitive Borrowing. No ABR Loan shall be requested in, or
made pursuant to, a Competitive Bid Request. A Competitive Bid Request that does
not conform substantially to the format of Exhibit A-1 may be rejected in the
Paying Agent's sole discretion, and the Paying Agent shall promptly notify the
Borrower of such rejection by telex or telecopy. Each Competitive Bid Request
shall refer to this Agreement and specify (x) whether the Borrowing then being
requested is to be a Eurodollar Borrowing or a Fixed Rate Borrowing, (y) the
date of such Borrowing (which shall be a Business Day) and the aggregate
principal amount thereof which shall be in a minimum principal amount of
$5,000,000 and in an integral multiple of $1,000,000, and (z) the Interest
Period with respect thereto (which may not end after the Termination Date).
Promptly after its receipt of a Competitive Bid Request that is not rejected as
aforesaid, the Paying Agent shall invite by telex or telecopy (in the form set
forth in Exhibit A-2 hereto) the Lenders to bid, on the terms and conditions of
this Agreement, to make Competitive Loans pursuant to the Competitive Bid
Request.

               (b) Each Lender invited to bid may, in its sole discretion, make
one or more Competitive Bids to the Borrower responsive to the Borrower's
Competitive Bid Request. Each Competitive Bid by a Lender must be received by
the Paying Agent via telex or telecopy, in the form of Exhibit A-3 hereto, (i)
in the case of a Eurodollar Competitive Borrowing, not later than 9:30 a.m., New
York City time, three Business Days before a proposed Competitive Borrowing and
(ii) in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., New York
City time, on the day of a proposed Competitive Borrowing. Multiple bids will be
accepted by the Paying Agent. Competitive Bids that do not conform substantially
to the format of Exhibit A-3 may be rejected by the Paying Agent after
conferring with, and upon the instruction of, the Borrower, and the Paying Agent
shall notify the Lender making such nonconforming bid of such rejection as soon
as practicable. Each Competitive Bid shall refer to this Agreement and specify
(x) the principal amount (which shall be in a minimum principal amount of
$5,000,000 and in an integral multiple of $1,000,000 and which may equal the
entire principal amount of the Competitive Borrowing requested by the Borrower)
of the Competitive Loan or Loans that the Lender is willing to make to the
Borrower, (y) the Competitive Bid Rate or Rates at which the Lender is prepared
to make the Competitive Loan or Loans and (z) the Interest Period and the last
day thereof. If any Lender invited to bid shall elect not to make a Competitive
Bid, such Lender shall so notify the Paying Agent via telex or telecopy (I) in
the case of Eurodollar Competitive Loans, not later than 9:30 a.m., New York
City time, three Business Days before a proposed Competitive Borrowing, and (II)
in the case of Fixed Rate Loans, not later than 9:30 a.m., New York City time,
on the day of a proposed Competitive Borrowing; provided, however, that failure
by any Lender to give such notice shall not cause such Lender to be obligated to
make any Competitive Loan as part of such Competitive Borrowing. A Competitive
Bid submitted by a Lender pursuant to this paragraph (b) shall be irrevocable.

               (c) The Paying Agent shall promptly notify the Borrower, by telex
or telecopy, of all the Competitive Bids made, the Competitive Bid Rate and the
principal amount of each Competitive Loan in respect of which a Competitive Bid
was made and the identity of the Lender that made each bid. The Paying Agent
shall send a copy of all Competitive Bids to the Borrower for its records as
soon as practicable after completion of the bidding process set forth in this
Section 2.03.

<PAGE>
                                                                              16

               (d) The Borrower may in its sole and absolute discretion, subject
only to the provisions of this paragraph (d), accept or reject any Competitive
Bid referred to in paragraph (c) above. The Borrower shall notify the Paying
Agent by telephone, confirmed by telex or telecopy in the form of a Competitive
Bid Accept/Reject Letter, whether and to what extent it has decided to accept or
reject any of or all the bids referred to in paragraph (c) above, (x) in the
case of a Eurodollar Competitive Borrowing, not later than 10:30 a.m., New York
City time, three Business Days before a proposed Competitive Borrowing, and (y)
in the case of a Fixed Rate Borrowing, not later than 10:30 a.m., New York City
time, on the day of a proposed Competitive Borrowing; provided, however, that
(i) the failure by the Borrower to give such notice shall be deemed to be a
rejection of all the bids referred to in paragraph (c) above, (ii) the Borrower
shall not accept a bid made at a particular Competitive Bid Rate if it has
decided to reject a bid made at a lower Competitive Bid Rate, (iii) the
aggregate amount of the Competitive Bids accepted by the Borrower shall not
exceed the principal amount specified in the Competitive Bid Request, (iv) if
the Borrower shall accept a bid or bids made at a particular Competitive Bid
Rate but the amount of such bid or bids shall cause the total amount of bids to
be accepted by the Borrower to exceed the amount specified in the Competitive
Bid Request, then the Borrower shall accept a portion of such bid or bids in an
amount equal to the amount specified in the Competitive Bid Request less the
amount of all other Competitive Bids accepted with respect to such Competitive
Bid Request, which acceptance, in the case of multiple bids at such Competitive
Bid Rate, shall be made pro rata in accordance with the amount of each such bid
at such Competitive Bid Rate, and (v) except pursuant to clause (iv) above, no
bid shall be accepted for a Competitive Loan unless such Competitive Loan is in
a minimum principal amount of $5,000,000 and an integral multiple of $1,000,000;
provided further, however, that if a Competitive Loan must be in an amount less
than $5,000,000 because of the provisions of clause (iv) above, such Competitive
Loan may be for a minimum of $1,000,000 or any integral multiple thereof, and in
calculating the pro rata allocation of acceptances of portions of multiple bids
at a particular Competitive Bid Rate pursuant to clause (iv) the amounts shall
be rounded to integral multiples of $1,000,000 in a manner which shall be in the
discretion of the Borrower. A notice given by the Borrower pursuant to this
paragraph (d) shall be irrevocable.

               (e) The Paying Agent shall promptly notify each bidding Lender
whether or not its Competitive Bid has been accepted (and if so, in what amount
and at what Competitive Bid Rate) by telex or telecopy sent by the Paying Agent,
and each successful bidder will thereupon become bound, subject to the other
applicable conditions hereof, to make the Competitive Loan in respect of which
its bid has been accepted.

               (f) A Competitive Bid Request shall not be made within five
Business Days after the date of any previous Competitive Bid Request. No
Competitive Borrowing shall be requested or made hereunder if after giving
effect thereto any of the conditions set forth in Section 2.01 would not be met.

               (g) If the Paying Agent shall elect to submit a Competitive Bid
in its capacity as a Lender, it shall submit such bid directly to the Borrower
one quarter of an hour earlier than the latest time at which the other Lenders
are required to submit their bids to the Paying Agent pursuant to paragraph (b)
above.

               (h) All notices required by this Section 2.03 shall be given in
accordance with Section 9.01.

<PAGE>
                                                                              17

               SECTION 2.04. Standby Borrowing Procedure. In order to request a
Standby Borrowing, the Borrower shall hand deliver, telex or telecopy to the
Paying Agent a duly completed Standby Borrowing Request in the form of Exhibit
A-5 (a) in the case of a Eurodollar Standby Borrowing, not later than 10:30
a.m., New York City time, three Business Days before a proposed Borrowing and
(b) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City
time, on the day of a proposed Borrowing. No Fixed Rate Loan shall be requested
or made pursuant to a Standby Borrowing Request. Such notice shall be
irrevocable and shall in each case specify (i) whether the Borrowing then being
requested is to be a Eurodollar Standby Borrowing or an ABR Borrowing; (ii) the
date of such Standby Borrowing (which shall be a Business Day) and the amount
thereof; and (iii) if such Borrowing is to be a Eurodollar Standby Borrowing,
the Interest Period with respect thereto, which shall not end after the
Termination Date. If no election as to the Type of Standby Borrowing is
specified in any such notice, then the requested Standby Borrowing shall be an
ABR Borrowing. If no Interest Period with respect to any Eurodollar Standby
Borrowing is specified in any such notice, then the Borrower shall be deemed to
have selected an Interest Period of one month's duration. Notwithstanding any
other provision of this Agreement to the contrary, the Borrower shall not be
entitled to request any Standby Borrowing if the Interest Period requested with
respect to such Standby Borrowing would end after the Termination Date. The
Paying Agent shall promptly advise the Lenders of any notice given pursuant to
this Section 2.04 and of each Lender's portion of the requested Borrowing.

               SECTION 2.05. Conversion and Continuation of Standby Loans. The
Borrower shall have the right at any time upon prior irrevocable notice to the
Paying Agent (i) not later than 10:30 a.m., New York City time, on the day of
the conversion, to convert all or any part of any Eurodollar Standby Borrowing
into an ABR Borrowing, (ii) not later than 10:30 a.m., New York City time, three
Business Days prior to conversion or continuation, to convert any ABR Borrowing
into a Eurodollar Standby Borrowing or to continue any Eurodollar Standby
Borrowing as a Eurodollar Standby Borrowing for an additional Interest Period
and (iii) not later than 10:30 a.m., New York City time, three Business Days
prior to conversion, to convert the Interest Period, with respect to any
Eurodollar Standby Borrowing to another permissible Interest Period, subject in
each case to the following:

               (a) if less than all the outstanding principal amount of any
        Standby Borrowing shall be converted or continued, the aggregate
        principal amount of the Standby Borrowing converted or continued shall
        be an integral multiple of $5,000,000 and not less than $10,000,000;

               (b) accrued interest on a Standby Borrowing (or portion thereof)
        being converted shall be paid by the Borrower at the time of conversion;

               (c) if any Eurodollar Standby Borrowing is converted at a time
        other than the end of the Interest Period applicable thereto, the
        Borrower shall pay, upon demand, any amounts due to the Lenders pursuant
        to Section 2.15;

               (d) any portion of a Standby Borrowing maturing or required to be
        repaid in less than one month may not be converted into or continued as
        a Eurodollar Standby Borrowing;

<PAGE>
                                                                              18

               (e) any portion of a Eurodollar Standby Borrowing which cannot be
        continued as a Eurodollar Standby Borrowing by reason of clause (d)
        above shall be automatically converted at the end of the Interest Period
        in effect for such Eurodollar Standby Borrowing into an ABR Borrowing;
        and

               (f) no Interest Period may be selected for any Eurodollar Standby
        Borrowing that would end later than the Termination Date.

               Each notice of the Borrower pursuant to this Section 2.05 shall
be irrevocable and shall refer to this Agreement and specify (i) the identity
and amount of the Standby Borrowing that the Borrower requests to be converted
or continued, (ii) whether such Standby Borrowing is to be converted to or
continued as a Eurodollar Standby Borrowing, or an ABR Borrowing, (iii) if such
notice requests a conversion, the date of such conversion (which shall be a
Business Day) and (iv) if such Standby Borrowing is to be converted to or
continued as a Eurodollar Standby Borrowing, the Interest Period with respect
thereto. If no Interest Period is specified in any such notice with respect to
any conversion to or continuation as a Eurodollar Standby Borrowing, the
Borrower shall be deemed to have selected an Interest Period of one month's
duration. If the Borrower shall not have given notice in accordance with this
Section 2.05 to convert or continue any Standby Borrowing, such Standby
Borrowing shall, at the end of the Interest Period applicable thereto (unless
repaid pursuant to the terms hereof), automatically be converted or continued
into a new Interest Period as an ABR Borrowing.

               SECTION 2.06. Fees.

               (a) The Borrower agrees to pay to each Lender, through the Paying
Agent, on each March 31, June 30, September 30 and December 31 (with the first
payment being due on March 31, 2001), on each date on which the Commitment of
such Lender shall be terminated or reduced as provided herein and on the
Termination Date, a facility fee (a "Facility Fee") on the average daily amount
of the Commitment of such Lender, whether used or unused, and after the
termination of the Commitment of such Lender, on the average daily amount of the
Loans of the Lender, during the preceding quarter (or other period commencing on
the date of this Agreement, or ending with the Termination Date or any date on
which the Commitment of such Lender shall be terminated or reduced) at a rate
per annum equal to the Applicable Rate in effect from time to time. All Facility
Fees shall be computed on the basis of the actual number of days elapsed in a
year of 360 days. The Facility Fee due to each Lender shall commence to accrue
on the date of this Agreement and shall cease to accrue on the date on which
such Lender shall have no outstanding Loans or Commitment.

               (b) The Borrower agrees to pay to each Lender, through the Paying
Agent, on each March 31, June 30, September 30 and December 31, on each date on
which the Commitment of such Lender shall be terminated or reduced as provided
herein and on the Termination Date, for each day on which the sum of the Loans
and the loans outstanding under the 364-Day Credit Agreement is greater than 50%
of the sum of the Total Commitment and the commitments outstanding under the
364-Day Credit Agreement, and for each day on which any Loan is outstanding
after the termination of the Commitments, a utilization fee (a "Utilization
Fee") equal to a pro rata portion (based on the ratio of such Lender's
Commitment to the Total Commitment or, following the termination of the
Commitments, on the ratio of such Lender's Loans to the aggregate principal
amount of all the outstanding Loans) of 0.125% per annum on

<PAGE>
                                                                              19

the principal amount of the outstanding Loans, including Competitive Loans,
whether or not made by such Lender, for each day during the preceding quarter
(or other period commencing on the date hereof or ending with the Termination
Date or any later date on which all the Loans of such Lender shall have been
repaid).

               (c) The Borrower agrees to pay the Administrative Agents, for
their own accounts, and the Paying Agent, for its own account, the agency and
other fees referred to in the Fee Letter or separately agreed to with the Paying
Agent (the "Administrative Fees") at the times and in the amounts agreed upon.

               (d) All Fees shall be paid on the dates due, in immediately
available funds, to the Paying Agent for distribution, if and as appropriate,
among the Lenders. Once paid, none of the Fees shall be refundable under any
circumstances.

               SECTION 2.07. Repayment of Loans; Evidence of Debt.

               (a) The Borrower hereby agrees that the outstanding principal
balance of each Standby Loan shall be payable on the Termination Date, and that
the outstanding principal balance of each Competitive Loan shall be payable on
the last day of the Interest Period applicable thereto. Each Loan shall bear
interest on the outstanding principal balance thereof as set forth in Section
2.08.

               (b) Each Lender shall maintain in accordance with its usual
practice an account or accounts evidencing the indebtedness of the Borrower to
the appropriate lending office of such Lender resulting from each Loan made by
such lending office of such Lender from time to time, including the amounts of
principal and interest payable and paid such lending office of such Lender from
time to time under this Agreement.

               (c) The Paying Agent shall maintain the Register pursuant to
Section 9.04(d), and a sub-account for each Lender, in which Register and
accounts (taken together) shall be recorded (i) the amount of each Loan made
hereunder, the Type of each Loan made and the Interest Period applicable
thereto, (ii) the amount of any principal or interest due and payable or to
become due and payable from the Borrower to each Lender hereunder and (iii) the
amount of any sum received by the Paying Agent hereunder from the Borrower and
each Lender's share thereof.

               (d) The entries made in the Register and accounts maintained
pursuant to paragraph (b) and (c) of this Section 2.07 shall, to the extent
permitted by applicable law, be prima facie evidence of the existence and
amounts of the obligations of the Borrower therein recorded; provided, however,
that the failure of any Lender or the Paying Agent to maintain such account,
such Register or such subaccount, as applicable, or any error therein shall not
in any manner affect the obligation of the Borrower to repay the Loans made to
the Borrower by such Lender in accordance with their terms.

               SECTION 2.08. Interest on Loans.

               (a) Subject to the provisions of Section 2.09, the Loans
comprising each Eurodollar Borrowing shall bear interest (computed on the basis
of the actual number of days elapsed over a year of 360 days) at a rate per
annum equal to (i) in the case of each Eurodollar

<PAGE>
                                                                              20

Standby Loan, the LIBO Rate for the Interest Period in effect for such Borrowing
plus the Applicable Margin from time to time in effect and (ii) in the case of
each Eurodollar Competitive Loan, the LIBO Rate for the Interest Period in
effect for such Borrowing plus the Margin offered by the Lender making such Loan
and accepted by the Borrower pursuant to Section 2.03.

               (b) Subject to the provisions of Section 2.09, the Loans
comprising each ABR Borrowing shall bear interest (computed on the basis of the
actual number of days elapsed over a year of 365 or 366 days, as the case may
be, for periods during which the Alternate Base Rate is determined by reference
to the Prime Rate and 360 days for periods during which the Alternate Base Rate
is determined by reference to the Federal Funds Effective Rate) at a rate per
annum equal to the Alternate Base Rate.

               (c) Subject to the provisions of Section 2.09, each Fixed Rate
Loan shall bear interest at a rate per annum (computed on the basis of the
actual number of days elapsed over a year of 360 days) equal to the fixed rate
of interest offered by the Lender making such Loan and accepted by the Borrower
pursuant to Section 2.03.

               (d) Interest on each Loan shall be payable on each Interest
Payment Date applicable to such Loan except as otherwise provided in this
Agreement. The applicable LIBO Rate or Alternate Base Rate for each Interest
Period or day within an Interest Period, as the case may be, shall be determined
in good faith by the Paying Agent, and such determination shall be conclusive
absent manifest error.

               SECTION 2.09. Default Interest. If the Borrower shall default in
the payment of the principal of or interest on any Loan or any other amount
becoming due hereunder, whether by scheduled maturity, notice of prepayment,
acceleration or otherwise, the Borrower shall on demand from time to time from
the Paying Agent pay interest, to the extent permitted by law, on such defaulted
amount up to (but not including) the date of actual payment (after as well as
before judgment) at a rate per annum (computed on the basis of the actual number
of days elapsed over a year of 360 days) equal to the Alternate Base Rate plus
2%.

               SECTION 2.10. Alternate Rate of Interest. In the event, and on
each occasion, that on the day two Business Days prior to the commencement of
any Interest Period for a Eurodollar Borrowing the Paying Agent shall have
determined in good faith (i) that dollar deposits in the principal amounts of
the Eurodollar Loans comprising such Borrowing are not generally available in
the London interbank market or (ii) that reasonable means do not exist for
ascertaining the LIBO Rate, the Paying Agent shall, as soon as practicable
thereafter, give telex or telecopy notice of such determination to the Borrower
and the Lenders. In the event of any such determination under clauses (i) or
(ii) above, until the Paying Agent shall have advised the Borrower and the
Lenders that the circumstances giving rise to such notice no longer exist, (x)
any request by the Borrower for a Eurodollar Competitive Borrowing pursuant to
Section 2.03 shall be of no force and effect and shall be denied by the Paying
Agent and (y) any request by the Borrower for a Eurodollar Standby Borrowing
pursuant to Section 2.04 shall be deemed to be a request for an ABR Borrowing.
In the event a Lender notifies the Paying Agent that the rates at which dollar
deposits are being offered will not adequately and fairly reflect the cost to
such Lender of making or maintaining its Eurodollar Loan during such Interest
Period, the Paying Agent shall notify the Borrower of such notice and until the
Lender shall have advised the Paying Agent that the circumstances giving rise to
such notice no longer exist, any

<PAGE>
                                                                              21

request by the Borrower for a Eurodollar Standby Borrowing shall be deemed a
request for an ABR Borrowing for the same Interest Period with respect to such
Lender. Each determination by the Paying Agent hereunder shall be in good faith
and conclusive absent manifest error.

               SECTION 2.11. Termination and Reduction of Commitments.

               (a) Unless previously terminated, the Commitments shall be
automatically terminated on the Termination Date.

               (b) Upon at least three Business Days' prior irrevocable telex or
telecopy notice to the Paying Agent, the Borrower may at any time in whole
permanently terminate, or from time to time in part permanently reduce, the
Total Commitment; provided, however, that (i) each partial reduction of the
Total Commitment shall be in an integral multiple of $5,000,000 and in a minimum
principal amount of $10,000,000 and (ii) no such termination or reduction shall
be made which would reduce the Total Commitment to an amount less than the
aggregate outstanding principal amount of the Competitive Loans.

               (c) Each reduction in the Total Commitment hereunder shall be
made ratably among the Lenders in accordance with their respective Commitments.
The Borrower shall pay to the Paying Agent for the account of the Lenders, on
the date of each termination or reduction of the Commitment, the Facility Fees
on the amount of the Commitments so terminated or reduced accrued through the
date of such termination or reduction.

               SECTION 2.12. Prepayment.

               (a) The Borrower shall have the right at any time and from time
to time to prepay any Standby Borrowing, in whole or in part, upon giving telex
or telecopy notice (or telephone notice promptly confirmed by telex or telecopy
notice) to the Paying Agent: (i) before 10:00 a.m., New York City time, three
Business Days prior to prepayment, in the case of Eurodollar Loans and (ii)
before 10:00 a.m., New York City time, one Business Day prior to prepayment, in
the case of ABR Loans; provided, however, that each partial prepayment shall be
in an amount which is an integral multiple of $5,000,000 and not less than
$10,000,000. The Borrower shall not have the right to prepay any Competitive
Borrowing.

               (b) On the date of any termination or reduction of the
Commitments pursuant to Section 2.11, the Borrower shall pay or prepay so much
of the Standby Borrowings as shall be necessary in order that the aggregate
principal amount of the Competitive Loans and Standby Loans outstanding will not
exceed the Total Commitment, after giving effect to such termination or
reduction.

               (c) Each notice of prepayment from the Borrower shall specify the
prepayment date and the principal amount of each Borrowing (or portion thereof)
to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such
Borrowing (or portion thereof) by the amount stated therein on the date stated
therein. All prepayments under this Section 2.12 shall be subject to Section
2.15 but otherwise without premium or penalty. All prepayments under this
Section 2.12 shall be accompanied by accrued interest on the principal amount
being prepaid to the date of payment.

<PAGE>
                                                                              22

               SECTION 2.13. Reserve Requirements; Change in Circumstances.

               (a) Notwithstanding any other provision herein, if after the date
of this Agreement any change in applicable law or regulation or in the
interpretation or administration thereof by any governmental authority charged
with the interpretation or administration thereof (whether or not having the
force of law) shall result in the imposition, modification or applicability of
any reserve, special deposit or similar requirement against assets or deposits
with or for the account of or credit extended by any Lender, or shall result in
the imposition on such Lender or the London interbank market of any other
condition affecting this Agreement, such Lender's Commitment or any Eurodollar
Loan or Fixed Rate Loan made by such Lender, and the result of any of the
foregoing shall be to increase the cost to such Lender of making or maintaining
any Eurodollar Loan or Fixed Rate Loan or to reduce the amount of any sum
received or receivable by such Lender hereunder (whether of principal, interest
or otherwise) by an amount deemed by such Lender to be material, then the
Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender for such additional costs incurred or reduction suffered.
Notwithstanding the foregoing, no Lender shall be entitled to request
compensation under this paragraph with respect to any Competitive Loan if the
change giving rise to such request was applicable to such Lender at the time of
submission of the Competitive Bid pursuant to which such Competitive Loan shall
have been made.

               (b) If any Lender shall have determined that the applicability of
any law, rule, regulation or guideline adopted after the date hereof pursuant to
or arising out of the July 1988 report of the Basle Committee on Banking
Regulations and Supervisory Practices entitled "International Convergence of
Capital Measurement and Capital Standards", or the adoption after the date
hereof of any other law, rule, regulation or guideline regarding capital
adequacy, or any change in any of the foregoing or in the interpretation or
administration of any of the foregoing by any governmental authority, central
bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any Lender (or any lending office of such Lender) or
any Lender's holding company with any request or directive regarding capital
adequacy (whether or not having the force of law) of any such authority, central
bank or comparable agency, has or would have the effect of reducing the rate of
return on such Lender's capital or on the capital of such Lender's holding
company, if any, as a consequence of this Agreement, such Lender's Commitment or
the Loans made by such Lender pursuant hereto to a level below that which such
Lender or such Lender's holding company could have achieved but for such
adoption, change or compliance (taking into consideration such Lender's policies
and the policies of such Lender's holding company with respect to capital
adequacy) by an amount deemed by such Lender to be material, then from time to
time the Borrower shall pay to such Lender such additional amount or amounts as
will compensate such Lender or such Lender's holding company for any such
reduction suffered.

               (c) A certificate of the Lender setting forth such amount or
amounts (including computation of such amount or amounts) as shall be necessary
to compensate the Lender or its holding company as specified in paragraph (a) or
(b) above, as the case may be, shall be delivered to the Borrower and such
amount or amounts may be reviewed by the Borrower. Unless the Borrower disagrees
in good faith with the computation of the amount or amounts in such certificate,
the Borrower shall pay to the Lender, within 10 Business Days after receipt by
the Borrower of such certificate delivered by the Lender, the amount shown as
due on any such

<PAGE>
                                                                            23

certificate. If the Borrower, after receipt of any such certificate from the
Lender, disagrees with the Lender on the computation of the amount or amounts
owed to the Lender pursuant to paragraph (a) or (b) above, the Lender and the
Borrower shall negotiate in good faith to promptly resolve such disagreement. In
either case, however, the Lender shall have a duty to mitigate the damages that
may arise as a consequence of paragraph (a) or (b) above to the extent that such
mitigation will not, in the judgment of the Lender, entail any cost or
disadvantage to the Lender that the Lender is not reimbursed or compensated for
by the Borrower.

               (d) Failure on the part of any Lender to demand compensation for
any increased costs or reduction in amounts received or receivable or reduction
in return on capital with respect to any period shall not constitute a waiver of
such Lender's right to demand compensation with respect to such period or any
other period. The protection of this Section shall be available to each Lender
regardless of any possible contention of the invalidity or inapplicability of
the law, rule, regulation, guideline or other change or condition which shall
have occurred or been imposed.

               SECTION 2.14. Change in Legality.

               (a) Notwithstanding any other provision herein, if after the date
hereof any change in any law or regulation or in the interpretation thereof by
any Governmental Authority charged with the administration or interpretation
thereof shall make it unlawful for any Lender to make or maintain any Eurodollar
Loan or to give effect to its obligations as contemplated hereby with respect to
any Eurodollar Loan, then, by 30 days' (or such shorter period as shall be
required in order to comply with applicable law) written notice to the Borrower
and to the Paying Agent, such Lender may:

               (i) declare that Eurodollar Loans will not thereafter be made by
        such Lender hereunder, whereupon such Lender shall not submit a
        Competitive Bid in response to a request for Eurodollar Competitive
        Loans and any request by the Borrower for a Eurodollar Standby Borrowing
        shall, as to such Lender only, be deemed a request for an ABR Loan
        unless such declaration shall be subsequently withdrawn; and

               (ii) require that all outstanding Eurodollar Loans made by it be
        converted to ABR Loans, in which event all such Eurodollar Loans shall
        be automatically converted to ABR Loans as of the effective date of such
        notice as provided in paragraph (b) below.

In the event any Lender shall exercise its rights under (i) or (ii) above, all
payments and prepayments of principal which would otherwise have been applied to
repay the Eurodollar Loans that would have been made by such Lender or the
converted Eurodollar Loans of such Lender shall instead be applied to repay the
ABR Loans made by such Lender in lieu of, or resulting from the conversion of,
such Eurodollar Loans.

               (b) For purposes of this Section 2.14, a notice to the Borrower
by any Lender shall be effective as to each Eurodollar Loan, if lawful, on the
last day of the Interest Period currently applicable to such Eurodollar Loan; in
all other cases such notice shall be effective on the date of receipt by the
Borrower. Before giving any such notice, such Lender shall designate a different
lending office if such designation will avoid the need for giving such notice
and will not, in the judgment of such Lender, be otherwise disadvantageous to
such Lender.

<PAGE>
                                                                              24

               SECTION 2.15. Indemnity. The Borrower shall indemnify each Lender
against any out-of-pocket loss or expense which such Lender may sustain or incur
as a consequence of (a) any failure by the Borrower to borrow or to refinance,
convert or continue any Loan hereunder after irrevocable notice of such
borrowing, refinancing, conversion or continuation has been given pursuant to
Section 2.03, 2.04 or 2.05, (b) any payment, prepayment or conversion, or an
assignment required under Section 2.20, of a Eurodollar Loan by the Borrower
required by any other provision of this Agreement or otherwise made or deemed
made on a date other than the last day of the Interest Period, if any,
applicable thereto, (c) any default by the Borrower in payment or prepayment of
the principal amount of any Loan or any part thereof or interest accrued
thereon, as and when due and payable (at the due date thereof, whether by
scheduled maturity, acceleration, irrevocable notice of prepayment or otherwise)
or (d) the occurrence of any Event of Default.

               In the case of a Eurodollar Loan, such out-of-pocket loss or
expense shall be limited to an amount equal to the excess, if any, of (i) such
Lender's cost of obtaining the funds for the Loan being paid, prepaid, converted
or not borrowed, converted or continued (based on the LIBO Rate applicable
thereto) for the period from the date of such payment, prepayment, conversion or
failure to borrow, convert or continue to the last day of the Interest Period
for such Loan (or, in the case of a failure to borrow, convert or continue, the
Interest Period for such Loan which would have commenced on the date of such
failure) over (ii) the amount of interest that would be realized by such Lender
in reemploying the funds so paid, prepaid, converted or not borrowed, converted
or continued for such period or Interest Period, as the case may be. In the case
of an ABR Loan, such out-of-pocket loss or expense shall be limited to an amount
equal to the excess, if any, of (i) such Lender's cost of obtaining the funds
for the ABR Loan being paid, prepaid, converted or not borrowed, converted or
continued for the period from the date of such payment, prepayment, conversion
or failure to borrow, convert or continue to the next Business Day for such ABR
Loan over (ii) the amount of interest that would be realized by such Lender in
reemploying the funds so paid, prepaid, converted or not borrowed, converted or
continued until the next Business Day, as the case may be.

               A certificate of the Lender setting forth such amount or amounts
(including the computation of such amount or amounts) as shall be necessary to
compensate the Lender or its holding company for the out-of-pocket expenses
defined herein shall be delivered to the Borrower and such amount or amounts may
be reviewed by the Borrower. If the Borrower, after receipt of any such
certificate from the Lender, disagrees in good faith with the Lender on the
computation of the amount or amounts owed to the Lender pursuant to this Section
2.15, the Lender and the Borrower shall negotiate in good faith to promptly
resolve such disagreement.

               Each Lender shall have a duty to mitigate the damages to such
Lender that may arise as a consequence of clause (a), (b), (c) or (d) above to
the extent that such mitigation will not, in the judgment of such Lender, entail
any cost or disadvantage to such Lender that such Lender is not reimbursed or
compensated for by the Borrower.

               SECTION 2.16. Pro Rata Treatment. Except as required under
Sections 2.10, 2.13, 2.14, 2.15, 2.19, 2.20 and 2.21, each Standby Borrowing,
each payment or prepayment of principal of any Standby Borrowing, each payment
of interest on the Standby Loans, each payment of the Facility Fees and
Utilization Fees, each reduction of the Commitments and each refinancing or
conversion of any Borrowing with a Standby Borrowing of any Type, shall be

<PAGE>
                                                                              25

allocated pro rata among the Lenders in accordance with their respective
Commitments (or, if such Commitments shall have expired or been terminated, in
accordance with the respective principal amounts of their outstanding Standby
Loans). Each payment of principal of any Competitive Borrowing shall be
allocated pro rata among the Lenders participating in such Borrowing in
accordance with the respective principal amounts of their outstanding
Competitive Loans comprising such Borrowing. Each payment of interest on any
Competitive Borrowing shall be allocated pro rata among the Lenders
participating in such Borrowing in accordance with the respective amounts of
accrued and unpaid interest on their outstanding Competitive Loans comprising
such Borrowing. For purposes of determining the available Commitments of the
Lenders at any time, each outstanding Competitive Borrowing shall be deemed to
have utilized the Commitments of the Lenders (including those Lenders which
shall not have made Loans as part of such Competitive Borrowing) pro rata in
accordance with their respective Commitments. Each Lender agrees that in
computing such Lender's portion of any Borrowing to be made hereunder, the
Paying Agent may, in its discretion, round each Lender's percentage of such
Borrowing to the next higher or lower whole dollar amount.

               SECTION 2.17. Sharing of Setoffs. Each Lender agrees that if it
shall, through the exercise of a right of banker's lien, setoff or counterclaim
against the Borrower, or pursuant to a secured claim under Section 506 of Title
11 of the United States Code or other security or interest arising from, or in
lieu of, such secured claim, received by such Lender under any applicable
bankruptcy, insolvency or other similar law or otherwise, or by any other means,
obtain payment (voluntary or involuntary) in respect of any Standby Loan or
Loans as a result of which the unpaid principal portion of the Standby Loans of
such Lender shall be proportionately less than the unpaid principal portion of
the Standby Loans of any other Lender, it shall be deemed simultaneously to have
purchased from such other Lender at face value, and shall promptly pay to such
other Lender the purchase price for, a participation in the Standby Loans of
such other Lender, so that the aggregate unpaid principal amount of the Standby
Loans and participations in the Standby Loans held by each Lender shall be in
the same proportion to the aggregate unpaid principal amount of all Standby
Loans then outstanding as the principal amount of its Standby Loans prior to
such exercise of banker's lien, setoff or counterclaim or other event was to the
principal amount of all Standby Loans outstanding prior to such exercise of
banker's lien, setoff or counterclaim or other event; provided, however, that,
if any such purchase or purchases or adjustments shall be made pursuant to this
Section 2.17 and the payment giving rise thereto shall thereafter be recovered,
such purchase or purchases or adjustments shall be rescinded to the extent of
such recovery and the purchase price or prices or adjustment restored without
interest. The Borrower expressly consents to the foregoing arrangements and
agrees that any Lender holding a participation in a Standby Loan deemed to have
been so purchased may exercise any and all rights of banker's lien, setoff or
counterclaim with respect to any and all moneys owing by the Borrower to such
Lender by reason thereof as fully as if such Lender had made a Standby Loan
directly to the Borrower in the amount of such participation.

               SECTION 2.18. Payments.

               (a) The Borrower shall make each payment (including principal of
or interest on any Borrowing or any Fees or other amounts) due hereunder from an
account in the United States not later than 12:00 noon, New York City time, on
the date when due in dollars to

<PAGE>
                                                                              26

the Paying Agent at its offices at 270 Park Avenue, New York, New York, in
immediately available funds.

               (b) Whenever any payment (including principal of or interest on
any Borrowing or any Fees or other amounts) hereunder shall become due, or
otherwise would occur, on a day that is not a Business Day, such payment may be
made on the next succeeding Business Day, and such extension of time shall in
such case be included in the computation of interest or Fees or other amounts,
if applicable.

               SECTION 2.19. Taxes.

               (a) Any and all payments by the Borrower hereunder shall be made,
in accordance with Section 2.18, free and clear of and without deduction for any
and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto imposed by the United
States or any political subdivision or taxing authority thereof, excluding taxes
imposed on the Paying Agent or any Lender's (or any transferee's or assignee's,
including a participation holder's (any such entity a "Transferee")) net income
and franchise taxes imposed on the Paying Agent or any Lender (or Transferee) by
the United States or any political subdivision or taxing authority thereof (all
such nonexcluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as "Taxes"). If the Borrower shall be
required by law to deduct any Taxes from or in respect of any sum payable
hereunder to any Lender (or any Transferee) or the Paying Agent, (i) the sum
payable shall be increased by the amount necessary so that after making all
required deductions (including deductions applicable to additional sums payable
under this Section 2.19) such Lender (or Transferee) or the Paying Agent (as the
case may be) shall receive an amount equal to the sum it would have received had
no such deductions been made, (ii) the Borrower shall make such deductions and
(iii) the Borrower shall pay the full amount deducted to the relevant taxing
authority or other Governmental Authority in accordance with applicable law.

               (b) In addition, the Borrower agrees to pay any present or future
stamp or documentary taxes or any other excise or property taxes, charges or
similar levies which arise from any payment made hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this
Agreement imposed by the United States or any political subdivision or taxing
authority thereof (hereinafter referred to as "Other Taxes").

               (c) The Borrower will indemnify each Lender (or Transferee) and
the Paying Agent for the full amount of Taxes and Other Taxes (including any
Taxes or Other Taxes on amounts payable under this Section 2.19) paid by such
Lender (or Transferee) or the Paying Agent, as the case may be, with respect to
the Borrower and any liability (including penalties, interest and reasonable
out-of-pocket expenses) arising therefrom or with respect thereto (other than
any such liability that results from the negligence or willful misconduct of the
Lender (or Transferee) or the Paying Agent), whether or not such Taxes or Other
Taxes were correctly or legally asserted by the relevant taxing authority or
other Governmental Authority. Such indemnification shall be made within 30 days
after the date any Lender (or Transferee) or the Paying Agent, as the case may
be, makes written demand therefor. If the Borrower or any Lender (or Transferee)
or the Paying Agent shall determine that Taxes or Other Taxes may not have been
correctly or legally assessed by the relevant taxing authority or other
Governmental Authority, and that a Lender (or Transferee) or the Paying Agent
may be entitled to receive

<PAGE>
                                                                              27

a refund in respect of Taxes or Other Taxes, it shall promptly notify the other
party of the availability of such refund and such Lender (or Transferee) or the
Paying Agent shall, within 30 days after receipt of a request by the Borrower,
apply for such refund at the Borrower's expense. If any Lender (or Transferee)
or the Paying Agent receives a refund or credit or offset against another tax
liability in respect of any Taxes or Other Taxes for which such Lender (or
Transferee) or the Paying Agent has received payment from the Borrower hereunder
it shall promptly repay such refund or credit or offset against another tax
liability (including any interest received by such Lender (or Transferee) or the
Paying Agent from the taxing authority with respect to the refund with respect
to such Taxes or Other Taxes) to the Borrower, net of all out-of-pocket expenses
of such Lender; provided that the Borrower, upon the request of such Lender (or
Transferee) or the Paying Agent, agrees to return such refund or credit or
offset against another tax liability (plus penalties, interest or other charges)
to such Lender (or Transferee) or the Paying Agent in the event such Lender (or
Transferee) or the Paying Agent is required to repay such refund or credit or
offset against another tax liability. For purposes of the preceding sentence,
the Paying Agent or any Lender shall determine in good faith and in its
discretion the amount of any credit or offset against another tax liability and
shall be under no obligation to make available to the Borrower any of its tax
returns or any other information that it deems to be confidential.

               (d) As soon as practicable after the date of any payment of Taxes
or Other Taxes withheld by the Borrower in respect of any payment to any Lender
(or Transferee) or the Paying Agent, the Borrower will furnish to the Paying
Agent, at its address referred to in Section 9.01, the original or a certified
copy of a receipt evidencing payment thereof.

               (e) Without prejudice to the survival of any other agreement
contained herein, the agreements and obligations contained in this Section 2.19
shall survive the payment in full of the principal of and interest on all Loans
made hereunder.

               (f) Each Lender (or Transferee) which is organized outside the
United States shall, prior to the due date of the first payment by the Borrower
to such Lender (or Transferee) hereunder, deliver to the Borrower such
certificates, documents or other evidence, as required by the Code or Treasury
Regulations issued pursuant thereto, including Internal Revenue Service Form
W-8BEN or Form W-8ECI, or any successor or other form prescribed by the Internal
Revenue Service properly completed and duly executed by such Lender (or
Transferee) establishing that such payment is (i) not subject to withholding
under the Code because such payment is effectively connected with the conduct by
such Lender (or Transferee) of a trade or business in the United States or (ii)
totally exempt from United States tax under a provision of an applicable tax
treaty. Each such Lender (or Transferee) that changes its funding office shall
promptly notify the Borrower of such change and, upon written request from the
Borrower, shall deliver any new certificates, documents or other evidence
required pursuant to the preceding sentence prior to the immediately following
due date of any payment by the Borrower hereunder. Unless the Borrower and the
Paying Agent have received forms or other documents satisfactory to them
indicating that payments hereunder are not subject to United States withholding
tax, notwithstanding paragraph (a), the Borrower or the Paying Agent shall
withhold taxes from such payments at the applicable statutory rate in the case
of payments to or for any Lender (or Transferee) organized under the laws of a
jurisdiction outside the United States.

<PAGE>
                                                                              28

               (g) The Borrower shall not be required to pay any additional
amounts to any Lender (or Transferee) in respect of Taxes and Other Taxes
pursuant to paragraphs (a), (b) and (c) above if the obligation to pay such
additional amounts would not have arisen but for a failure by such Lender (or
Transferee) to comply with the provisions of paragraph (f) above unless such
Lender (or Transferee) is unable to comply with paragraph (f) because of (i) a
change in applicable law, regulation or official interpretation thereof or (ii)
an amendment, modification or revocation of any applicable tax treaty or a
change in official position regarding the application or interpretation thereof,
in each case after the date hereof (and, in the case of a Transferee, after the
date of assignment or transfer).

               (h) Any Lender (or Transferee) claiming any additional amounts
payable under this Section 2.19 shall (i) to the extent legally able to do so,
upon written request from the Borrower, file any certificate or document if such
filing would avoid the need for or reduce the amount of any such additional
amounts which may thereafter accrue, and the Borrower shall not be obligated to
pay such additional amounts if, after the Borrower's request, any Lender (or
Transferee) could have filed such certificate or document and failed to do so;
or (ii) consistent with legal and regulatory restrictions, use reasonable
efforts to change the jurisdiction of its applicable lending office if the
making of such change would avoid the need for or reduce the amount of any
additional amounts which may thereafter accrue and would not, in the sole
determination of such Lender (or Transferee), be otherwise disadvantageous to
such Lender (or Transferee).

               SECTION 2.20. Mandatory Assignment; Commitment Termination. In
the event any Lender delivers to the Paying Agent or the Borrower, as
appropriate, a certificate in accordance with Section 2.13(c) or a notice in
accordance with Section 2.10 or 2.14, or the Borrower is required to pay any
additional amounts or other payments in accordance with Section 2.19, the
Borrower may, at its own expense, and in its sole discretion (a) require such
Lender to transfer and assign in whole or in part, without recourse (in
accordance with Section 9.04), all or part of its interests, rights and
obligations under this Agreement (other than outstanding Competitive Loans) to
an assignee which shall assume such assigned obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that (i) such
assignment shall not conflict with any law, rule or regulation or order of any
court or other Governmental Authority and (ii) the Borrower or such assignee
shall have paid to the assigning Lender in immediately available funds the
principal of and interest accrued to the date of such payment on the Loans made
by it hereunder and all other amounts owed to it hereunder or (b) terminate the
Commitment of such Lender and prepay all outstanding Loans (other than
Competitive Loans) of such Lender; provided that (x) such termination of the
Commitment of such Lender and prepayment of Loans does not conflict with any
law, rule or regulation or order of any court or Governmental Authority and (y)
the Borrower shall have paid to such Lender in immediately available funds the
principal of and interest accrued to the date of such payment on the Loans
(other than Competitive Loans) made by it hereunder and all other amounts owed
to it hereunder.

               SECTION 2.21. Change of Control. If a Change of Control shall
occur, the Borrower shall, within ten days after the occurrence thereof, give
each Lender notice thereof, which notice shall describe in reasonable detail the
facts and circumstances giving rise thereto and shall specify an Optional
Termination Date for purposes of this Section 2.21 (the "Optional

<PAGE>
                                                                              29

Termination Date"), which date shall not be less than 30 nor more than 60 days
after the date of such notice. Each Lender may, by notice to the Borrower and
the Paying Agent given not less than three Business Days prior to the Optional
Termination Date, terminate its Commitment (if any), which shall thereupon be
terminated, and declare the Loans held by it (together with accrued interest
thereon) and any other amounts payable hereunder for its account to be, and such
Loans and such other amounts shall thereupon become, due and payable without
presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrower, in each case effective as of the Optional
Termination Date. For purposes of this Section, "Change of Control" shall mean
(a) at any time prior to the Spin-Off, acquisitions of ownership, directly or
indirectly, beneficially or of record, by Persons other than AT&T or wholly
owned subsidiaries of AT&T of issued and outstanding Equity Interests of the
Borrower that in the aggregate represent more than 20% of the aggregate ordinary
voting power represented by the issued and outstanding Equity Interests of the
Borrower, and (b) at any time at or after the Spin-Off, (i) the acquisition of
ownership, directly or indirectly, beneficially or of record, by any Person or
group (within the meaning of the regulations adopted by the SEC under the
Exchange Act) of issued and outstanding Equity Interests of the Borrower
representing the greater of (x) 30% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests in the Borrower and
(y) the aggregate percentage of such voting power so held by AT&T and its
consolidated subsidiaries, taken as a whole; or (ii) the occupation of a
majority of the seats (other than vacant seats) on the board of directors of the
Borrower by Persons who were neither (A) nominated by the board of directors of
the Borrower nor (B) appointed by directors so nominated.

                                  ARTICLE III

                         Representations and Warranties

               The Borrower represents and warrants to each of the Lenders that:

               SECTION 3.01. Organization; Powers. The Borrower (a) is a
corporation duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization, (b) has all requisite power and
authority to own its property and assets and to carry on its business as now
conducted and as proposed to be conducted, (c) is qualified to do business in
every jurisdiction where such qualification is required, except where the
failure so to qualify would not reasonably be expected to result in a Material
Adverse Effect, and (d) has all requisite corporate power and authority to
execute, deliver and perform its obligations under this Agreement and to borrow
funds hereunder.

               SECTION 3.02. Authorization. (a) The execution, delivery and
performance by the Borrower of each Loan Document, the Borrowings hereunder and
the use of the proceeds thereof (i) have been duly authorized by all requisite
corporate action and (ii) will not (A) violate (1) any provision of any law,
statute, rule or regulation (including, without limitation, the Margin
Regulations) or of the certificate of incorporation or other constitutive
documents or by-laws of the Borrower, (2) any order of any Governmental
Authority or (3) any provision of any indenture, agreement or other instrument
to which the Borrower is a party or by which the Borrower or any of its property
is or may be bound, (B) be in conflict with, result in a breach of or constitute
(alone or with notice or lapse of time or both) a default under any such
indenture,

<PAGE>
                                                                              30

agreement or other instrument or (iii) result in the creation or imposition of
any Lien upon any property or assets of the Borrower.

               (b) The Related Transactions (i) were (or will at the time they
occur have been) duly authorized by all requisite corporate action of the
Borrower and (ii) did not or will not, as the case may be, violate (A) any
provision of any law, statute, rule or regulation or of the certificate of
incorporation or other constitutive documents or by-laws of the Borrower, (B)
any order of any Governmental Authority or (C) any provision of any indenture,
agreement or other instrument to which the Borrower is a party or by which the
Borrower or any of its property is or may be bound, in each case where such
violation would reasonably be expected to result in a Material Adverse Effect.

               SECTION 3.03. Enforceability. This Agreement has been, and each
Note when executed and delivered shall be, duly executed and delivered by the
Borrower and this Agreement constitutes, and each Note when executed and
delivered shall constitute, a legal, valid and binding obligation of the
Borrower, in each case enforceable against the Borrower in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors' rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity
or at law.

               SECTION 3.04. Governmental Approvals. No action, consent or
approval of, registration or filing with or any other action by any Governmental
Authority is or will be required in connection with the execution, delivery or
performance by the Borrower of any Loan Document, the Borrowings hereunder or
the use of the proceeds thereof or in connection with any performance by the
Borrower of its obligations in connection with the Related Transactions, except
such as have been obtained or made and are in full force and effect or, in the
case of the Related Transactions, such as will be obtained prior to the Spin-Off
or the failure to have obtained which would not reasonably be expected to result
in a Material Adverse Effect.

               SECTION 3.05. Financial Statements.

               (a) The Borrower has heretofore furnished to the Agents and the
Lenders copies of (i) the combined financial statements for the year ended
December 31, 1999 of AT&T Wireless Group, which were included in the Current
Report on Form 8-K dated March 17, 2000, of AT&T filed with the SEC under the
Exchange Act and (ii) AT&T Wireless Group's combined financial statements for
the nine months ended September 30, 2000, which were included in the Quarterly
Report on Form 10-Q dated November 14, 2000 of AT&T filed with the SEC under the
Exchange Act. Such financial statements present fairly, in all material
respects, the consolidated financial condition and the results of operations of
AT&T Wireless Group as of such dates in accordance with GAAP.

               (b) As of the date hereof, there has been no material adverse
change since December 31, 1999, in the business, financial condition or results
of operations of the Borrower and its Consolidated Subsidiaries, taken as a
whole.

               SECTION 3.06. Litigation; Compliance with Laws.

<PAGE>
                                                                              31

               (a) There are no actions or proceedings filed or (to the
knowledge of the Borrower) investigations pending or overtly threatened against
the Borrower in any court or before any Governmental Authority or arbitration
board or tribunal which question the validity or legality of or seek damages in
connection with any Loan Document or any action taken or to be taken pursuant to
any Loan Document and no order or judgment has been issued or entered
restraining or enjoining the Borrower from the execution, delivery or
performance of any Loan Document nor is there any action or proceeding which
involves a probable risk of an adverse determination which would have any such
effect; nor is there as of the date hereof any other action or proceeding filed
or (to the knowledge of the Borrower) investigation pending or overtly
threatened against the Borrower in any court or before any Governmental
Authority or arbitration board or tribunal which involves a probable risk of a
material adverse decision which would reasonably be expected to result in a
Material Adverse Effect or materially to restrict the ability of the Borrower to
comply with its obligations under any Loan Document.

               (b) Neither the Borrower nor any of its Subsidiaries is in
violation of any law, rule or regulation, or in default with respect to any
judgment, writ, injunction or decree of any Governmental Authority, where such
violation or default would reasonably be expected to result in a Material
Adverse Effect.

               SECTION 3.07. Federal Reserve Regulations.

               (a) Neither the Borrower nor any of its Subsidiaries is engaged
principally, or as one of its important activities, in the business of extending
credit for the purpose of purchasing or carrying Margin Stock.

               (b) No part of the proceeds of any Loan will be used, whether
directly or indirectly, and whether immediately, incidentally or ultimately, for
any purpose which entails a violation of, or which is inconsistent with, the
provisions of the Margin Regulations.

               SECTION 3.08. Investment Company Act; Public Utility Holding
Company Act. Neither the Borrower nor any of its Subsidiaries is (a) an
"investment company" as defined in, or subject to regulation under, the
Investment Company Act of 1940 or (b) a "holding company" as defined in, or
subject to regulation under, the Public Utility Holding Company Act of 1935.

               SECTION 3.09. Use of Proceeds. All proceeds of the Loans shall be
used for working capital and other general corporate purposes, including capital
and other expenditures in connection with the build-out and operation of the
Borrower's wireless system and the provision of liquidity in connection with any
commercial paper program of the Borrower.

               SECTION 3.10. No Material Misstatements. No report, financial
statement or other written information furnished by or on behalf of the Borrower
to any Agent or any Lender pursuant to Section 3.05 or Section 5.02 hereof
contains or will contain any material misstatement of fact or omits or will omit
to state any material fact necessary to make the statements therein, taken as a
whole, in the light of the circumstances under which they were or will be made,
not misleading.

               SECTION 3.11. Tax Returns. Each of the Borrower and its
Subsidiaries has timely filed or caused to be filed all tax returns and reports
required to have been filed and has

<PAGE>
                                                                              32

paid or caused to be paid all Taxes required to have been paid by it, except (a)
any Taxes that are being contested in good faith by appropriate proceedings and
for which the Borrower or such Subsidiary, as applicable, has set aside on its
books adequate reserves or (b) to the extent that the failure to do so would not
reasonably be expected to result in a Material Adverse Effect.

               SECTION 3.12. ERISA. No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other ERISA Events that
have occurred or are reasonably expected to occur, would reasonably be expected
to result in a Material Adverse Effect.

               SECTION 3.13. Environmental Matters. Except with respect to any
matters that, individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect, none of the Borrower and its
Subsidiaries (a) has failed to comply with any Environmental Laws or to obtain,
maintain or comply with any permit, license or other approval required under any
Environmental Laws, (b) has become subject to any liability under any
Environmental Laws, (c) has received notice of any claim with respect to any
Environmental Laws or (d) knows of any basis for any liability under any
Environmental Laws.

               SECTION 3.14. Contribution. As of the date hereof, substantially
all of the assets of AT&T that were allocated to AT&T Wireless Group have been
transferred to the Borrower, including virtually all of the assets needed to
operate the business of AT&T Wireless Group as currently conducted. The only
asset material to the financial statements of the Borrower that has yet to be
transferred to the Borrower is AT&T Wireless Group's interest in Japan Telecom,
which is not an operating asset and is expected to be divested. If it is
divested, the net after-tax proceeds received in respect of AT&T Wireless
Group's interest will be transferred to the Borrower. Pending their transfer
(or, in the case of AT&T Wireless' interest in Japan Telecom, divestiture),
substantially all remaining assets of AT&T Wireless Group are being held by AT&T
and its Subsidiaries for the benefit of the Borrower.

                                   ARTICLE IV

                              Conditions of Lending

               The obligations of the Lenders to make Loans hereunder are
subject to the satisfaction of the following conditions:

               SECTION 4.01. All Borrowings. On the date of each Borrowing:

               (a) The Paying Agent shall have received a notice of such
        Borrowing as required by Section 2.03 or Section 2.04, as applicable.

               (b) The representations and warranties set forth in Article III
        hereof shall be true and correct in all material respects on and as of
        the date of such Borrowing with the same effect as though made on and as
        of such date, except to the extent such representations and warranties
        expressly relate to an earlier date.

<PAGE>
                                                                              33

               (c) The Borrower shall be in compliance with all the terms and
        provisions set forth herein in all material respects and, at the time of
        and immediately after such Borrowing, no Event of Default or Default
        shall have occurred and be continuing.Each Borrowing shall be deemed to
        constitute a representation and warranty by the Borrower on the date of
        such Borrowing as to the matters specified in paragraphs (b) and (c) of
        this Section 4.01.

               SECTION 4.02. Closing Date. On the Closing Date:

               (a) The Paying Agent shall have received a favorable written
        opinion of Robert S. Feit, Esq., General Attorney and Assistant
        Secretary of AT&T, dated the Closing Date and addressed to the Lenders,
        to the effect set forth in Exhibit D hereto.

               (b) The Paying Agent shall have received (i) a long form
        certificate as to the certificate of incorporation, including all
        amendments thereto, of the Borrower, as of a recent date by the
        Secretary of State of the state of incorporation of the Borrower and a
        certificate as to the good standing of the Borrower as of a recent date,
        from such Secretary of State; (ii) a certificate of the Secretary or an
        Assistant Secretary of the Borrower dated the Closing Date and
        certifying (A) that attached thereto is a true and complete copy of the
        by-laws of the Borrower as in effect on the Closing Date and at all
        times since a date prior to the date of the resolutions described in
        clause (B) below, (B) that attached thereto is a true and complete copy
        of resolutions duly adopted by the Board of Directors of the Borrower
        authorizing the execution, delivery and performance of this Agreement
        and the Borrowings hereunder, and that such resolutions have not been
        modified, rescinded or amended and are in full force and effect, (C)
        that the certificate of incorporation of the Borrower has not been
        amended since the date of the last amendment thereto shown on the
        certificate of good standing furnished pursuant to clause (i) above, and
        (D) as to the incumbency and specimen signature of each officer
        executing this Agreement or any other document delivered in connection
        herewith on behalf of the Borrower; and (iii) a certificate of another
        officer of the Borrower as to the incumbency and specimen signature of
        the Secretary or Assistant Secretary executing the certificate pursuant
        to (ii) above.

               (c) The Paying Agent shall have received a certificate from the
        Borrower, dated the Closing Date and signed by a Financial Officer of
        the Borrower, confirming compliance with the conditions precedent set
        forth in paragraphs (b) and (c) of Section 4.01.

               (d) The Paying Agent shall have received any Fees and other
        amounts due and payable on or prior to the Closing Date to the extent
        invoiced.

               (b) The 364-Day Credit Agreement shall have become effective.

               (c) The Borrower shall have received ratings from S&P and Moody's
        of its Index Debt of BBB or higher and Baa2 or higher, respectively, and
        of its Short-Term Debt of A2 or higher and P2 or higher, respectively.

<PAGE>
                                                                              34

                                   ARTICLE V

                              Affirmative Covenants

               The Borrower covenants and agrees with each Lender and each Agent
that so long as this Agreement shall remain in effect or the principal of or
interest on any Loan, any Fees or any other expenses or amounts payable
hereunder shall be unpaid, unless the Required Lenders shall otherwise consent
in writing:

               SECTION 5.01. Existence; Conduct of Business. The Borrower will
do or cause to be done all things necessary to preserve, renew and keep in full
force and effect its legal existence, and the rights, licenses, permits,
privileges and franchises material to the conduct of business; provided that the
foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.05.

               SECTION 5.02. Financial Statements, Reports, etc. The Borrower
will furnish to the Paying Agent for distribution to the Lenders:

               (a) promptly after the filing or sending thereof and in any event
        not later than (i) 105 days after the end of each fiscal year, a copy of
        the Borrower's report on Form 10-K which the Borrower files with the SEC
        for such year and (ii) 15 days after being sent to its public security
        holders, a copy of the Borrower's annual report;

               (b) promptly after the filing thereof, and in any event within 60
        days after the end of each of the first three fiscal quarters during
        each fiscal year, the Borrower's report on Form 10-Q which the Borrower
        files with the SEC for such quarter;

               (c) concurrently with any delivery of information under paragraph
        (a) or (b) above, a certificate of a Financial Officer certifying that
        no Event of Default or Default has occurred, or, if such an Event of
        Default or Default has occurred, specifying the nature and extent
        thereof and any corrective action taken or proposed to be taken with
        respect thereto, and setting forth computations demonstrating that the
        Borrower is in compliance with Sections 6.01, 6.02 and 6.03;

               (d) promptly after the same become publicly available, copies of
        all other reports filed by it with the SEC, or any Governmental
        Authority succeeding to any of or all the functions of the SEC, or
        distributed to its shareholders, as the case may be; and

               (e) promptly after the same become publicly available, notice
        that either or both of the ratings in respect of the Index Debt or the
        Short-Term Debt have changed from the immediately preceding ratings
        previously reported to the Paying Agent by the Borrower.

               Reports required to be delivered pursuant to subsections (a), (b)
and (d) of this Section 5.02 shall be deemed to have been delivered on the date
on which the Borrower posts such reports on the Borrower's website on the
Internet at the website address listed on the signature pages hereof or when
such report is posted on the SEC's website at www.sec.gov; provided that the
Borrower shall deliver paper copies of the reports referred to in subsections
(a), (b) and (d) of this Section 5.02 to any Agent or any Lender who requests
the Borrower to deliver

<PAGE>
                                                                              35

such paper copies until written notice to cease delivering paper copies is given
by such Agent or such Lender; provided further, that in every instance the
Borrower shall provide paper copies of the certificate required by subsection
(c) and the notice required by subsection (e) to the Paying Agent and each of
the Lenders until such time as the Paying Agent shall provide the Borrower
written notice otherwise.

               SECTION 5.03. Records; Inspection Rights. The Borrower will
record, summarize and report all financial information in accordance with GAAP.
The Borrower will, and will cause each of its Significant Subsidiaries to,
permit any representatives designated by the Paying Agent or any Lender, upon
reasonable prior notice, to visit and inspect its properties, to examine and
make extracts from its books and records and to discuss its affairs, finances
and condition with its officers and (with representatives of the Borrower
present) independent accountants, all at such reasonable times and as often as
reasonably requested.

               SECTION 5.04. Use of Proceeds. The Borrower will use the proceeds
of the Loans only for the purposes set forth in Section 3.09.

               SECTION 5.05. Notices of Material Events. The Borrower will
furnish to the Paying Agent and each Lender prompt written notice of the
following:

               (a) the occurrence of any Default;

               (b) the filing or commencement of any action, suit or proceeding
        by or before any arbitrator or Governmental Authority against or
        affecting the Borrower or any Affiliate thereof with respect to which
        there is a reasonable possibility of an adverse determination and that,
        if adversely determined, could reasonably be expected to result in a
        Material Adverse Effect; and

               (c) the occurrence of any ERISA Event that, alone or together
        with any other ERISA Events that have occurred, could reasonably be
        expected to result in liability of the Borrower and its Subsidiaries in
        an aggregate amount exceeding $150,000,000.

               Each notice delivered under this Section shall be accompanied by
a statement of a Financial Officer of the Borrower setting forth the details of
the event or development requiring such notice and any action taken or proposed
to be taken with respect thereto.

               SECTION 5.06. Payment of Obligations. The Borrower will, and will
cause each of its Subsidiaries to, pay its obligations that, if not paid, could
reasonably be expected to result in a Material Adverse Effect before the same
shall become delinquent or in default, except where (a) the validity or amount
thereof is being contested in good faith by appropriate proceedings, (b) the
Borrower or such Subsidiary has set aside on its books adequate reserves with
respect thereto in accordance with GAAP and (c) the failure to make payment
pending such contest would not reasonably be expected to result in a Material
Adverse Effect.

               SECTION 5.07. Maintenance of Properties; Insurance. The Borrower
will, and will cause each of its Significant Subsidiaries to, (a) keep and
maintain all property material to the conduct of its business in good working
order and condition, ordinary wear and tear excepted, and (b) maintain, with
financially sound and reputable insurance companies, insurance

<PAGE>
                                                                              36

in such amounts and against such risks as are, taken as a whole, reasonably
consistent with coverages customarily maintained by companies engaged in the
same or similar businesses operating in the same or similar locations.

               SECTION 5.08. Compliance with Laws. The Borrower will, and will
cause each of its Subsidiaries to, comply with all laws, rules, regulations and
orders of any Governmental Authority applicable to it or its property, except
where the failure to do so, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect.

                                   ARTICLE VI

                               Negative Covenants

               SECTION 6.01. Limitation on Liens. Neither the Borrower nor any
Subsidiary will create, assume or suffer to exist any Lien on any asset now
owned or hereafter acquired by it securing Indebtedness or any DoCoMo Repurchase
Obligation or arising in connection with any Receivables Securitization
Transaction, except:

               (a) Liens existing on the date of this Agreement securing
        Indebtedness outstanding on the date of this Agreement in an aggregate
        principal or face amount not exceeding $50,000,000;

               (b) any Liens existing on any asset of any Person securing
        Indebtedness at the time such Person becomes a Subsidiary and not
        created in contemplation of such event;

               (c) any Lien on any fixed or capital asset securing Indebtedness
        incurred or assumed for the purpose of financing all or any part of the
        cost of acquiring such asset; provided that such Lien attaches to such
        asset concurrently with or within 180 days of the acquisition thereof;

               (d) any Lien securing Indebtedness on any asset of any Person
        that shall not have been a Subsidiary existing at the time such Person
        is merged or consolidated with or into the Borrower or a Subsidiary and
        not created in contemplation of such event;

               (e) any Lien securing Indebtedness existing on any asset prior to
        the acquisition thereof by the Borrower or a Subsidiary and not created
        in contemplation of such acquisition;

               (f) any Lien arising out of the refinancing, replacement,
        extension, renewal or refunding of any Indebtedness secured by any Lien
        permitted by any of the foregoing clauses of this Section 6.01; provided
        that such Indebtedness is not increased and is not secured by any
        additional assets;

               (g) Liens arising in connection with Receivables Securitization
        Transactions in which the aggregate outstanding principal amount of
        obligations incurred in connection therewith and payable to Persons that
        are not the Borrower or wholly owned Subsidiaries does not exceed
        $1,500,000,000; and

<PAGE>
                                                                              37

               (h) Liens not otherwise permitted by the foregoing clauses of
        this Section securing Indebtedness or the DoCoMo Repurchase Obligation
        or arising in connection with Receivables Securitization Transactions in
        an aggregate principal or face amount not at any time exceeding the
        lesser of (i) 15% of Consolidated Net Assets less, without duplication,
        the aggregate principal or face amount of Indebtedness of Consolidated
        Subsidiaries permitted under the proviso to Section 6.02(b) and (ii) 10%
        of Consolidated Net Assets.

               SECTION 6.02. Limitations on Indebtedness. (a) As of the last day
of each fiscal quarter, the ratio of Consolidated Indebtedness of the Borrower
and its Consolidated Subsidiaries on such day to Consolidated Operational EBITDA
of the Borrower and its Consolidated Subsidiaries for the period of four
consecutive fiscal quarters ending on such day shall not exceed 4.0:1.0.

               (b) The Borrower will not permit any Consolidated Subsidiary to
        create, incur, assume or permit to exist any Indebtedness (including,
        solely for purposes of this Section and Section 6.01(h), any Guarantee
        of the DoCoMo Repurchase Obligation) (other than Indebtedness (i) owed
        to the Borrower or any other Consolidated Subsidiary and not assigned or
        pledged by the obligee to any other Person, (ii) Indebtedness incurred
        in connection with a Receivables Securitization Transaction to the
        extent any related Liens are permitted pursuant to Section 6.01 or (iii)
        if the Borrower requests such exclusion, existing at the time such
        Consolidated Subsidiary (not having previously been a Subsidiary) (A)
        becomes a Consolidated Subsidiary or (B) is merged or consolidated with
        or into a Consolidated Subsidiary); provided, that Consolidated
        Subsidiaries may create, incur, assume or permit to exist Indebtedness
        not permitted by the foregoing provisions of this Section in an
        aggregate principal or face amount not greater than 15% of Consolidated
        Net Assets (excluding any amount of such Consolidated Net Assets
        attributable to any Consolidated Subsidiary whose Indebtedness is
        excluded under clause (ii) of the parenthetical above) less, without
        duplication, the aggregate principal or face amount of Indebtedness and
        the DoCoMo Repurchase Obligation secured by Liens, and the Receivables
        Securitization Transactions, permitted under Section 6.01(h).

               SECTION 6.03. Interest Coverage Test. The ratio of Consolidated
Operational EBITDA of the Borrower and its Consolidated Subsidiaries to
Consolidated Interest Expense of the Borrower and its Consolidated Subsidiaries
for any period of four consecutive fiscal quarters shall equal or exceed
3.5:1.0.

               SECTION 6.04. Payment of Dividends. During the period from the
Closing Date to the date on which the Spin-Off shall have been completed, the
Borrower shall not declare or pay any dividends or make any distributions of any
kind in respect of its outstanding Equity Interests.

               SECTION 6.05. Consolidations, Mergers and Sales of Assets.
Nothing contained in this Agreement shall prevent any consolidation of the
Borrower with, or merger of the Borrower into, another corporation or
corporations (whether or not affiliated with the Borrower), or successive
consolidations or mergers to which the Borrower or its successor or successors
shall be a party or parties, or shall prevent any sale or conveyance of the
property of the Borrower (including stock of Subsidiaries) as an entirety or
substantially as an entirety to any

<PAGE>
                                                                              38

other corporation (whether or not affiliated with the Borrower) authorized to
acquire and own or operate the same; provided, however, that the Borrower hereby
covenants and agrees that, upon any such consolidation, merger, sale or
conveyance, the due and punctual payment of the principal of and interest on all
the Loans and the due and punctual performance and observance of all the
covenants and conditions of this Agreement to be performed or observed by the
Borrower shall be expressly assumed, by one or more agreements, reasonably
satisfactory in form to the Required Lenders, executed and delivered to the
Paying Agent by the corporation formed by such consolidation, or into which the
Borrower shall have been merged, or which shall have acquired such property. In
the case of any such consolidation, merger, sale or conveyance, and following
such an assumption by the successor corporation, such successor corporation
shall succeed to and be substituted for the Borrower, with the same effect as if
it had been named herein.

                                  ARTICLE VII

                                Events of Default

               In case of the happening of any of the following events (each an
"Event of Default"):

               (a) any representation or warranty made or deemed made in or in
        connection with the execution and delivery of this Agreement or the
        Borrowings hereunder, shall prove to have been false or misleading in
        any material respect when so made, deemed made or furnished;

               (b) default shall be made in the payment of any principal of any
        Loan when and as the same shall become due and payable, whether at the
        due date thereof or at a date fixed for prepayment thereof or by
        acceleration thereof or otherwise;

               (c) default shall be made in the payment of any interest on any
        Loan or any Fee or any other amount (other than an amount referred to in
        paragraph (b) above) due hereunder, when and as the same shall become
        due and payable, and such default shall continue unremedied for a period
        of ten days;

               (d) default shall be made in the due observance or performance of
        any covenant, condition or agreement contained in Section 5.01, 5.04,
        5.05 or Article VI;

               (e) default shall be made in the due observance or performance of
        any covenant, condition or agreement contained herein (other than those
        specified in (b), (c) or (d) above) and such default shall continue
        unremedied for a period of 30 days after notice thereof from the Paying
        Agent or any Lender to the Borrower;

               (f) a court or governmental agency having jurisdiction in the
        premises shall enter a decree or order for relief in respect of the
        Borrower in an involuntary case under any applicable bankruptcy,
        insolvency or other similar law now or hereafter in effect, or
        appointing a receiver, liquidator, assignee, custodian, trustee,
        sequestrator (or similar official) of the Borrower or for any
        substantial part of its property or ordering the

<PAGE>
                                                                              39

        winding up or liquidation of its affairs, and such decree or order shall
        remain unstayed and in effect for a period of 30 consecutive days;

               (g) the Borrower shall commence a voluntary case under any
        applicable bankruptcy, insolvency or other similar law now or hereafter
        in effect, or consent to the entry of an order for relief in an
        involuntary case under any such law; or consent to the appointment or
        taking possession by a receiver, liquidator, assignee, custodian,
        trustee, sequestrator (or similar official) of the Borrower or for any
        substantial part of its property or make any general assignment for the
        benefit of creditors; or the Borrower shall admit in writing its
        inability to pay its debts generally as they become due, or corporate
        action shall be taken by the Borrower in furtherance of any of the
        aforesaid purposes;

               (h) the failure by the Borrower or any Subsidiary to make
        payments in respect of Material Financial Obligations when due or within
        any applicable grace period; or the occurrence of any event or condition
        that results in the acceleration of the maturity of Material
        Indebtedness;

               (i) one or more judgments for the payment of money in an
        aggregate amount in excess of $150,000,000 shall be rendered against the
        Borrower, any Significant Subsidiary or any combination thereof and the
        same shall remain undischarged for a period of 30 consecutive days
        during which execution shall not be effectively stayed, or any action
        shall be legally taken by a judgment creditor to attach or levy upon any
        assets of the Borrower or any Significant Subsidiary to enforce any such
        judgment;

               (j) an ERISA Event shall have occurred that, when taken together
        with all other ERISA Events that have occurred, would reasonably be
        expected to result in a liability of the Borrower and its Subsidiaries
        in an aggregate amount exceeding $150,000,000;

               (k) the Spin-Off shall be consummated (i) absent a favorable
        ruling by the Internal Revenue Service that the Spin-Off qualifies in
        all material respects as a tax free transaction or an unqualified tax
        opinion of Wachtell, Lipton, Rosen & Katz, based on customary
        representations, that the Spin-Off will qualify in all material respects
        as a tax free transaction, or (ii) if, after giving effect thereto and
        to all repayments, discharges, cancellations and incurrences of
        intercompany obligations and other transactions which occur in
        connection therewith, the Borrower is not in pro forma compliance with
        Sections 6.02 and 6.03 of this Agreement as at and for the four
        consecutive fiscal quarters ending on the last day of the most recent
        fiscal quarter for which financial statements for the Borrower and its
        Consolidated Subsidiaries have been delivered under Section 5.02(a) or
        (b), determined as if the Spin-Off and any such repayments, discharges,
        cancellations, incurrences and other transactions occurred as of the
        first day of such four fiscal quarter period; or

               (l) the existence of any DoCoMo Repurchase Obligation, unless the
        Borrower is in pro forma compliance with Sections 6.02 and 6.03 of this
        Agreement (with such DoCoMo Repurchase Obligation being treated for
        purposes of testing such pro forma compliance as Indebtedness) as at and
        for the four consecutive fiscal quarters ending on the last day of the
        most recent fiscal quarter for which financial statements for the
        Borrower and its Consolidated Subsidiaries have been delivered under
        Section 5.02(a) or

<PAGE>
                                                                              40

        (b), determined as if such DoCoMo Repurchase Obligation, any payment
        that shall have been made in respect thereof and any related incurrence
        of Indebtedness had occurred as of the first day of such four fiscal
        quarter period;

then, and in every such event (other than an event described in paragraph (f) or
(g) above), and at any time thereafter during the continuance of such event, the
Paying Agent, at the request of the Required Lenders, shall, by notice to the
Borrower, take either or both of the following actions, at the same or different
times: (i) terminate forthwith the Commitments and (ii) declare the Loans then
outstanding to be forthwith due and payable in whole or in part, whereupon the
principal of the Loans so declared to be due and payable, together with accrued
interest thereon and any unpaid accrued Fees and all other liabilities of the
Borrower accrued hereunder, shall become forthwith due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived by the Borrower, anything contained herein to the
contrary notwithstanding; and, in any event with respect to the Borrower
described in paragraph (f) or (g) above, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and any unpaid accrued Fees and all other liabilities of the
Borrower accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived by the Borrower, anything contained herein to the
contrary notwithstanding.

                                  ARTICLE VIII

                                   The Agents

               In order to expedite the transactions contemplated by this
Agreement, Chase is hereby appointed to act as Paying Agent on behalf of the
Lenders, and Chase and Bank of America, N.A. are hereby appointed to act as
Administrative Agents on behalf of the Lenders. Each of the Lenders hereby
authorizes each Agent to take such actions on behalf of such Lender and to
exercise such powers as are specifically delegated to such Agent by the terms
and provisions hereof, together with such actions and powers as are reasonably
incidental thereto. The Paying Agent is hereby expressly authorized by the
Lenders, without hereby limiting any implied authority, (a) to receive on behalf
of the Lenders all payments of principal of and interest on the Loans and all
other amounts due to the Lenders hereunder, and promptly to distribute to each
Lender its proper share of each payment so received; (b) to give notice on
behalf of each of the Lenders to the Borrower of any Event of Default specified
in this Agreement of which the Paying Agent has actual knowledge acquired in
connection with its agency hereunder; and (c) to distribute to each Lender
copies of all notices, financial statements and other materials delivered by the
Borrower pursuant to this Agreement as received by the Paying Agent. It is
understood that the Agents shall not have any duties or obligations except those
expressly set forth herein.

               Neither any Agent nor any of its directors, officers, employees
or agents shall be liable as such for any action taken or omitted by any of them
except for its or his own gross negligence or willful misconduct, or be
responsible for any statement, warranty or representation herein or the contents
of any document delivered in connection herewith, or be required to ascertain or
to make any inquiry concerning the performance or observance by the Borrower of
any of the terms, conditions, covenants or agreements contained in this
Agreement. No Agent

<PAGE>
                                                                              41

shall be responsible to the Lenders for the due execution, genuineness,
validity, enforceability or effectiveness of this Agreement or other instruments
or agreements. Each Agent may deem and treat the Lender which makes any Loan as
the holder of the indebtedness resulting therefrom for all purposes hereof
until, in the case of the Paying Agent, the Paying Agent shall have received
notice from such Lender or, in the case of any other Agent, such Agent shall
have received notice from the Paying Agent that it received such notice from
such Lender, in each case, given as provided herein, of the transfer thereof.
Each Agent shall in all cases be fully protected in acting, or refraining from
acting, in accordance with written instructions signed by the Required Lenders
(or when expressly required hereby, all the Lenders) and, except as otherwise
specifically provided herein, such instructions and any action or inaction
pursuant thereto shall be binding on all the Lenders. Each Agent shall, in the
absence of knowledge to the contrary, be entitled to rely on any instrument or
document believed by it in good faith to be genuine and correct and to have been
signed or sent by the proper person or persons. Neither any Agent nor any of its
directors, officers, employees or agents shall have any responsibility to the
Borrower on account of the failure of or delay in performance or breach by any
Lender of any of its obligations hereunder or to any Lender on account of the
failure of or delay in performance or breach by any other Lender or the Borrower
of any of their respective obligations hereunder or in connection herewith. Each
Agent may execute any and all duties hereunder by or through agents appointed in
good faith by such Agent or employees of any thereof and shall be entitled to
rely upon the advice of legal counsel selected by it with respect to all matters
arising hereunder and shall not be liable for any action taken or suffered in
good faith by it in accordance with the advice of such counsel.

               The Lenders hereby acknowledge that each Agent shall be under no
duty to take any discretionary action permitted to be taken by it pursuant to
the provisions of this Agreement unless it shall be requested in writing to do
so by the Required Lenders.

               Subject to the appointment and acceptance of a successor Paying
Agent as provided below, any Agent may resign at any time by notifying the
Lenders and the Borrower. Upon any such resignation of the Paying Agent, the
Required Lenders shall have the right to appoint a successor Paying Agent
acceptable to the Borrower. If no successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after
the retiring Paying Agent gives notice of its resignation, then the retiring
Paying Agent may, on behalf of the Lenders, appoint a successor Paying Agent
which shall be a bank with an office in New York, New York, having a combined
capital and surplus of at least $500,000,000 or an Affiliate of any such bank.
Upon the acceptance of any appointment as a Paying Agent hereunder by a
successor bank, such successor shall succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Paying Agent and the
retiring Paying Agent shall be discharged from its duties and obligations
hereunder. After any Agent's resignation hereunder, the provisions of this
Article and Section 9.05 shall continue in effect for its benefit in respect of
any actions taken or omitted to be taken by it while it was acting as an Agent.

               With respect to the Loans made by it hereunder, any Agent in its
individual capacity and not as an Agent shall have the same rights and powers as
any other Lender and may exercise the same as though it were not an Agent, and
each Agent and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrower or any Subsidiary or
other Affiliate thereof as if it were not an Agent.

<PAGE>
                                                                              42

               Each Lender agrees (i) to reimburse the Paying Agent, on demand,
in the amount of its pro rata share (based on its Commitment hereunder) of any
expenses incurred for the benefit of the Lenders by such Agent, including
reasonable counsel fees and compensation of agents and employees paid for
services rendered on behalf of the Lenders, which shall not have been reimbursed
by the Borrower, and (ii) to indemnify and hold harmless each Agent and any of
its directors, officers, employees or agents, on demand, in the amount of such
pro rata share, from and against any and all liabilities, taxes, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever which may be imposed on, incurred
by or asserted against it in its capacity as an Agent or any of them in any way
relating to or arising out of this Agreement or any action taken or omitted by
it or any of them under this Agreement to the extent the same shall not have
been reimbursed by the Borrower; provided that no Lender shall be liable to any
Agent for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements resulting
from the gross negligence or willful misconduct of such Agent or any of its
directors, officers, employees or agents.

               Each Lender acknowledges that it has, independently and without
reliance upon any Agent or any other Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement. Each Lender also acknowledges that it
will, independently and without reliance upon any Agent or any other Lender and
based on such documents and information as it shall from time to time deem
appropriate, continue to make its own decisions in taking or not taking action
under or based upon this Agreement or any related agreement or any document
furnished hereunder or thereunder.

               Each of the Borrower and its Subsidiaries and the Lenders
acknowledges that Merrill Lynch Capital Corporation and Citibank, N.A. have no
responsibilities or obligations pursuant to this Agreement in their capacity as
syndication agents.

                                   ARTICLE IX

                                  Miscellaneous

               SECTION 9.01. Notices. Notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed or sent by telex, telecopy, graphic scanning or other
telegraphic communications equipment of the sending party, as follows:

               (a) if to the Borrower, to it at AT&T Wireless Services, Inc., if
        by courier, to 7277 164th Avenue NE-Bldg 1, Redmond, Washington 98052,
        and if by mail, to P.O. Box 97061, Redmond, Washington 98073-9761,
        Attention of Timothy L. McLaughlin, Vice President and Controller
        (Facsimile No. 425-580-8470) and Gregory P. Landis, Senior Vice
        President and General Counsel (Facsimile No. 425-580-8333), with a copy
        to Davis Polk & Wardwell, 450 Lexington Avenue, New York, New York
        10017, Attention of Peter S. W. Levin (Facsimile No. 212-450-4800);

<PAGE>
                                                                              43

               (b) if to the Paying Agent, to it at 270 Park Avenue, New York,
        New York 10017, Attention of Constance Coleman (Facsimile No.
        212-270-4584) with a copy to Ganesh Persaud (Facsimile No.
        212-552-5700), Loan & Agency Services, The Chase Manhattan Bank, 1 Chase
        Plaza, 8th Floor, New York, New York 10081;

               (c) if to an Administrative Agent, to it at its address (or
        telecopy number) set forth in Schedule 2.01; and

               (d) if to a Lender, to it at its address (or telecopy number) set
        forth in Schedule 2.01 or in the Assignment and Acceptance pursuant to
        which such Lender became a party hereto.

All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement shall be deemed to have been given on the
date of receipt if delivered by hand or overnight courier service or sent by
telex, telecopy, graphic scanning or other telegraphic communications equipment
of the sender, or on the date five Business Days after dispatch by certified or
registered mail if mailed, in each case delivered, sent or mailed (properly
addressed) to such party as provided in this Section 9.01 or in accordance with
the latest unrevoked direction from such party given in accordance with this
Section 9.01.

               SECTION 9.02. Survival of Agreement. All covenants, agreements,
representations and warranties made by the Borrower herein and in the
certificates or other instruments prepared or delivered in connection with or
pursuant to this Agreement shall be considered to have been relied upon by the
Lenders and shall survive the making by the Lenders of the Loans regardless of
any investigation made by the Lenders or on their behalf, and shall continue in
full force and effect as long as the principal of or any accrued interest on any
Loan or any Fee or any other amount payable under this Agreement is outstanding
and unpaid and so long as the Commitments have not been terminated.

               SECTION 9.03. Binding Effect. This Agreement shall become
effective when it shall have been executed by the Borrower and each Agent and
when the Paying Agent shall have received copies hereof (telefaxed or otherwise)
which, when taken together, bear the signatures of each Lender, and thereafter
shall be binding upon and inure to the benefit of the Borrower, each Agent and
each Lender and their respective successors and assigns, except that the
Borrower shall not have the right to assign its respective rights or duties
hereunder or any interest herein without the prior consent of all the Lenders
and any attempted assignment without such consent shall be void.

               SECTION 9.04. Successors and Assigns.

               (a) Whenever in this Agreement any of the parties hereto is
referred to, such reference shall be deemed to include the successors and
assigns of such party; and all covenants, promises and agreements by or on
behalf of the Borrower, the Agents or the Lenders that are contained in this
Agreement shall bind and inure to the benefit of their respective successors and
assigns.

               (b) Each Lender may assign to one or more assignees all or a
portion of its interests, rights and obligations under this Agreement (including
all or a portion of its

<PAGE>
                                                                              44

Commitment and the Loans at the time owing to it); provided, however, that (i)
the Borrower must give its prior written consent to such assignment (which
consent shall not be unreasonably withheld), (ii) in the case of an assignment
made by a Lender to a Person other than a Lender or an Affiliate of a Lender,
the amount of the Commitment of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Acceptance with respect
to such assignment is delivered to the Paying Agent) shall not be less than
$15,000,000 (or the remaining balance of its Commitment) and the amount of the
Commitment of such Lender remaining after such assignment shall not be less than
$15,000,000 or shall be zero, (iii) the parties to each such assignment shall
execute and deliver to the Paying Agent an Assignment and Acceptance, and a
processing and recordation fee of $3,000 and (iv) the assignee, if it shall not
be a Lender, shall deliver to the Paying Agent an Administrative Questionnaire.
Upon acceptance and recording pursuant to paragraph (e) of this Section 9.04,
from and after the effective date specified in each Assignment and Acceptance,
which effective date shall be at least five Business Days after the execution
thereof, (A) the assignee thereunder shall be a party hereto and, to the extent
of the interest assigned by such Assignment and Acceptance, have the rights and
obligations of a Lender under this Agreement, (B) the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and
Acceptance, be released from its obligations under this Agreement (and, in the
case of an Assignment and Acceptance covering all or the remaining portion of an
assigning Lender's rights and obligations under this Agreement, such Lender
shall cease to be a party hereto (but shall continue to be entitled to the
benefits of Sections 2.13, 2.15, 2.19 and 9.05, as well as to any Fees accrued
for its account hereunder and not yet paid)) and (C) Schedule 2.01 shall be
deemed amended to give effect to such assignment. Notwithstanding the foregoing,
any Lender assigning its rights and obligations under this Agreement may retain
any Competitive Loans made by it outstanding at such time, and in such case
shall retain its rights hereunder in respect of any Loans so retained until such
Loans have been repaid in full in accordance with this Agreement.

               (c) By executing and delivering an Assignment and Acceptance, the
assigning Lender thereunder and the assignee thereunder shall be deemed to
confirm to and agree with each other and the other parties hereto as follows:
(i) such assigning Lender warrants that it is the legal and beneficial owner of
the interest being assigned thereby free and clear of any adverse claim, (ii)
except as set forth in (i) above, such assigning Lender makes no representation
or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement, or
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other instrument or document furnished pursuant
hereto or the financial condition of the Borrower or the performance or
observance by the Borrower of any of its obligations under this Agreement or any
other instrument or document furnished pursuant hereto; (iii) such assignee
represents and warrants that it is legally authorized to enter into such
Assignment and Acceptance; (iv) such assignee confirms that it has received a
copy of this Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 5.02 and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into such Assignment and Acceptance; (v) such assignee will
independently and without reliance upon any Agent, such assigning Lender or any
other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement; (vi) such assignee appoints and
authorizes each Agent to take such action as agent on its behalf and to exercise
such powers under this

<PAGE>
                                                                              45

Agreement as are delegated to such Agent by the terms hereof, together with such
powers as are reasonably incidental thereto; and (vii) such assignee agrees that
it will perform in accordance with their terms all the obligations which by the
terms of this Agreement are required to be performed by it as a Lender.

               (d) The Paying Agent shall maintain at one of its offices in the
City of New York a copy of each Assignment and Acceptance delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitment of, and the principal amount of the Loans owing to, each Lender
pursuant to the terms hereof from time to time (the "Register"). The entries in
the Register shall be conclusive in the absence of manifest error and the
Borrower, the Agents and the Lenders may treat each person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for
all purposes of this Agreement. The Register shall be available for inspection
by the Borrower and each Lender, at any reasonable time and from time to time
upon reasonable prior notice.

               (e) Upon its receipt of a duly completed Assignment and
Acceptance executed by an assigning Lender and an assignee together with an
Administrative Questionnaire completed in respect of the assignee (unless the
assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) above and, if required, the written consent of
the Borrower to such assignment, the Paying Agent shall (i) accept such
Assignment and Acceptance and (ii) record the information contained therein in
the Register.

               (f) Each Lender may, without the consent of the Borrower or any
of the Agents, sell participations to one or more banks or other entities in all
or a portion of its rights and obligations under this Agreement (including all
or a portion of its Commitment and the Loans owing to it); provided, however,
that (i) such Lender's obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations, (iii) each participating bank or other
entity shall be entitled to the benefit of the cost protection provisions
contained in Sections 2.13, 2.15 and 2.19 to the same extent as if it was the
selling Lender, except that all claims and petitions for payment and payments
made pursuant to such Sections shall be made through such selling Lender, and
(iv) the Borrower, the Agents and the other Lenders shall continue to deal
solely and directly with such selling Lender in connection with such Lender's
rights and obligations under this Agreement, and such Lender shall retain the
sole right (and participating banks or other entities shall have no right) to
enforce the obligations of the Borrower relating to the Loans and to approve any
amendment, modification or waiver of any provision of this Agreement (other than
amendments, modifications or waivers decreasing any fees payable hereunder or
the amount of principal of or the rate at which interest is payable on the
Loans, or extending any scheduled principal payment date or date fixed for the
payment of interest on the Loans).

               (g) Any Lender or participant may, in connection with any
assignment or participation or proposed assignment or participation pursuant to
this Section 9.04, disclose to the assignee or participant or proposed assignee
or participant any information relating to the Borrower furnished to such Lender
by or on behalf of the Borrower; provided that, prior to any such disclosure,
each such assignee or participant or proposed assignee or participant shall
execute an agreement whereby such assignee or participant shall agree (subject
to customary exceptions) to preserve the confidentiality of any such
confidential information relating to the Borrower.

<PAGE>
                                                                              46

               (h) The Borrower shall not assign or delegate any of its
respective rights and duties hereunder without the prior written consent of all
Lenders and any attempted assignment without such consent shall be void.

               (i) Any Lender may at any time pledge all or any portion of its
rights under this Agreement to a Federal Reserve Bank; provided that no such
pledge shall release any Lender from its obligations hereunder or substitute any
such Bank for such Lender as a party hereto. In order to facilitate such an
assignment to a Federal Reserve Bank, the Borrower shall, at the request of the
assigning Lender, duly execute and deliver to the assigning Lender a promissory
note or notes in the form of Exhibit E hereto evidencing the Loans made to the
Borrower by the assigning Lender hereunder.

               SECTION 9.05. Expenses; Indemnity.

               (a) The Borrower agrees to pay all reasonable out-of-pocket
expenses incurred by any Agent in connection with entering into this Agreement
or by the Paying Agent in connection with any amendments, modifications or
waivers of the provisions hereof, or by any Agent or any Lender in connection
with the enforcement or protection of its rights in connection with this
Agreement or the Loans made hereunder, including the reasonable fees and
disbursements of a single counsel for the Agents or, in the case of enforcement
or protection, counsel for the Lenders.

               (b) The Borrower agrees to indemnify the Agents, the Lenders,
their respective Affiliates, and their respective directors, officers, employees
and agents (each such person being called an "Indemnitee") against, and to hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses, including reasonable counsel fees and expenses, incurred
by or asserted against any Indemnitee arising out of (i) the execution or
delivery of this Agreement or any agreement or instrument contemplated thereby,
the performance by the parties thereto of their respective obligations
thereunder or the consummation of the transactions contemplated thereby, (ii)
the use of the proceeds of the Loans or (iii) any claim, litigation,
investigation or proceeding relating to any of the foregoing, whether or not any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the
negligence or willful misconduct of such Indemnitee.

               (c) The provisions of this Section 9.05 shall remain operative
and in full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the
repayment of any of the Loans, the invalidity or unenforceability of any term or
provision of this Agreement or any investigation made by or on behalf of any
Agent or any Lender. All amounts due under this Section 9.05 shall be payable on
written demand therefor.

               (d) All out-of-pocket expenses that any Lender may sustain or
incur as a consequence of (a), (b), (c) or (d) of Section 2.15 but that are not
included in the calculations made pursuant to the second and third sentences of
Section 2.15, shall be included in the amount or amounts payable to such Lender
and in the manner provided pursuant to this Section 9.05.

<PAGE>
                                                                            47

               SECTION 9.06. Applicable Lawc. THIS AGREEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

               SECTION 9.07. Waivers; Amendment.

               (a) No failure or delay of any Agent or any Lender in exercising
any power or right hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights
and remedies of the Agents and the Lenders hereunder are cumulative and are not
exclusive of any rights or remedies which they would otherwise have. No waiver
of any provision of this Agreement or consent to any departure by the Borrower
therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) below, and then such waiver or consent shall be effective only in
the specific instance and for the purpose for which given. No notice or demand
on the Borrower in any case shall entitle the Borrower to any other or further
notice or demand in similar or other circumstances.

               (b) Neither this Agreement nor any provision hereof may be
waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Borrower and the Required Lenders; provided,
however, that no such agreement shall (i) decrease the principal amount of, or
extend the maturity of or any scheduled principal payment date or date for the
payment of any interest on any Loan, or waive or excuse any such payment or any
part thereof, or decrease the rate of interest on any Loan, without the prior
written consent of each Lender affected thereby, (ii) increase the Commitment or
decrease the Facility Fee of any Lender without the prior written consent of
such Lender, or (iii) amend or modify the provisions of Section 2.16 or Section
9.04(h), the provisions of this Section or the definition of the "Required
Lenders", without the prior written consent of each Lender; provided further,
however, that no such agreement shall amend, modify or otherwise affect the
rights or duties of any Agent hereunder without the prior written consent of
such Agent. Each Lender shall be bound by any waiver, amendment or modification
authorized by this Section and any consent by any Lender pursuant to this
Section shall bind any assignee of its rights and interests hereunder.

               SECTION 9.08. Entire Agreement. This Agreement, any promissory
notes issued hereunder, and the Fee Letter constitute the entire contract among
the parties relative to the subject matter hereof. Any previous agreement among
the parties with respect to the subject matter hereof is superseded by this
Agreement and the Fee Letter. Nothing in this Agreement or the Fee Letter
expressed or implied, is intended to confer upon any party other than the
parties hereto any rights, remedies, obligations or liabilities under or by
reason of this Agreement or the Fee Letter.

               SECTION 9.09. Severability. In the event any one or more of the
provisions contained in this Agreement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein shall not in any way be affected or
impaired thereby. The parties shall endeavor in good-faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions.

<PAGE>
                                                                              48

               SECTION 9.10. Counterparts. This Agreement may be executed in two
or more counterparts, each of which shall constitute an original but all of
which when taken together shall constitute but one contract, and shall become
effective as provided in Section 9.03.

               SECTION 9.11. Headings. Article and Section headings and the
Table of Contents used herein are for convenience of reference only, are not
part of this Agreement and are not to affect the construction of, or to be taken
into consideration in interpreting, this Agreement.

               SECTION 9.12. Jurisdiction, Etc.

               (a) Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive
jurisdiction of any New York State court or Federal court of the United States
of America sitting in New York City, and any appellate court from any thereof,
in any action or proceeding arising out of or relating to this Agreement or for
recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding may be heard and determined in any such New York State
court or, to the fullest extent permitted by law, in such Federal court. Each of
the parties hereto agrees that a final judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement shall
affect any right that any party may otherwise have to bring any action or
proceeding relating to this Agreement in the courts of any jurisdiction.

               (b) Each of the parties hereto irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any
objection that it may now or hereafter have to the laying of venue of any suit,
action or proceeding arising out of or relating to this Agreement in any New
York State or Federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.

               SECTION 9.13. Waiver of Jury Trial. Each of the Borrower, the
Agents and the Lenders irrevocably waives all right to trial by jury in any
action, proceeding or counterclaim (whether based on contract, tort or
otherwise) arising out of or relating this Agreement or the actions of any Agent
or any Lender in the negotiation, administration, performance or enforcement
thereof.

<PAGE>
                                                                              49

               IN WITNESS WHEREOF, the Borrower, the Agents and the Lenders have
caused this Agreement to be duly executed by their respective authorized
officers as of the day and year first above written.

                                        AT&T WIRELESS SERVICES, INC.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:
                                               Website:

                                        THE CHASE MANHATTAN BANK,
                                        individually and as an Agent,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        BANK OF AMERICA, N.A., individually and
                                        as an Agent,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        MERRILL LYNCH CAPITAL CORPORATION,
                                        individually and as a syndication agent,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        CITIBANK, N.A., individually
                                        and as a syndication agent,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

<PAGE>
                                                                              50

                                        BANCA COMMERCIALE ITALIANA,
                                        NEW YORK BRANCH,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:
                                               Website:

                                        THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                        NEW YORK BRANCH,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        BANK ONE, N.A.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        BARCLAYS BANK PLC,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        BNP PARIBAS,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

<PAGE>
                                                                              51

                                        DEUTSCHE BANK-AG NEW YORK BRANCH
                                        AND/OR CAYMAN ISLANDS BRANCH,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        HSBC BANK USA,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        LEHMAN COMMERCIAL PAPER INC.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        THE INDUSTRIAL BANK OF JAPAN, LTD.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        THE ROYAL BANK OF SCOTLAND PLC,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

<PAGE>
                                                                              52

                                        FLEET NATIONAL BANK,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        WESTDEUTSCHE LANDESBANK GIROZENTRALE,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

<PAGE>
                                                                              53

                                        AUSTRALIA AND NEW ZEALAND BANKING
                                        GROUP LIMITED,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        BAYERISCHE LANDESBANK,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        CIBC INC.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        THE NORTHERN TRUST COMPANY,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

                                        THE SUMITOMO BANK, LTD.,

                                            by
                                               ---------------------------------
                                               Name:
                                               Title:

<PAGE>

                                                                     EXHIBIT A-1

                         FORM OF COMPETITIVE BID REQUEST

The Chase Manhattan Bank, as Paying Agent
  for the Lenders referred to below,
270 Park Avenue
New York, N.Y. 10017

                                                               Attention: [Date]

Ladies and Gentlemen:

               The undersigned, AT&T Wireless Services, Inc. (the "Borrower"),
refers to the Five-Year Competitive Advance and Revolving Credit Facility
Agreement dated as of March 23, 2001 (as it may be amended, modified, extended
or restated from time to time, the "Credit Agreement"), among the Borrower, the
Lenders named therein, The Chase Manhattan Bank ("Chase") and Bank of America,
N.A., as Administrative Agents, Chase, as Paying Agent, and Merrill Lynch
Capital Corporation and Citibank, N.A., as syndication agents. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. The Borrower hereby gives you notice
pursuant to Section 2.03(a) of the Credit Agreement that it requests a
Competitive Borrowing under the Credit Agreement, and in that connection sets
forth below the terms on which such Competitive Borrowing is requested to be
made:

               (A)  Date of Competitive Borrowing (which is a Business Day)

               (B)  Principal Amount of Competitive Borrowing(1)

               (C)  Interest rate basis(2)

               (D)  Interest Period and the last day thereof(3)

--------

    (1) Not less than $5,000,000 (and in integral multiples of $1,000,000) or
greater than the Total Commitment then available.

    (2) Eurodollar Loan or Fixed Rate Loan.

    (3) Which shall be subject to the definition of "Interest Period" and end
not later than the Termination Date.

<PAGE>

                                                                               2

               Upon acceptance of any or all of the Loans offered by the Lenders
in response to this request, the Borrower shall be deemed to have represented
and warranted that the conditions to lending specified in Section 4.01(b) and
(c) of the Credit Agreement have been satisfied.

Very truly yours,

AT&T WIRELESS SERVICES, INC.,

    by
       -------------------------------
       Name:
       Title: [Responsible Officer]

<PAGE>

                                                                     EXHIBIT A-2

                    FORM OF NOTICE OF COMPETITIVE BID REQUEST

[Name of Lender]
[Address]

                                                               Attention: [Date]

Ladies and Gentlemen:

               Reference is made to the Five-Year Competitive Advance and
Revolving Credit Facility Agreement dated as of March 23, 2001 (as it may be
amended, modified, extended or restated from time to time, the "Credit
Agreement"), among AT&T Wireless Services, Inc. (the "Borrower"), the Lenders
named therein, The Chase Manhattan Bank ("Chase") and Bank of America, N.A., as
Administrative Agents, Chase, as Paying Agent, and Merrill Lynch Capital
Corporation and Citibank, N.A., as syndication agents. Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement. The Borrower made a Competitive Bid Request on
[       ], [2001][2002], pursuant to Section 2.03(a) of the Credit Agreement,
and in that connection you are invited to submit a Competitive Bid by
[Date]/[Time].(4) Your Competitive Bid must comply with Section 2.03(b) of the
Credit Agreement and the terms set forth below on which the Competitive Bid
Request was made:

               (A)  Date of Competitive Borrowing

               (B)  Principal amount of Competitive Borrowing

               (C)  Interest rate basis

               (D)  Interest Period and the last day thereof

Very truly yours,

THE CHASE MANHATTAN BANK, as Paying Agent,

    by
       -------------------------------
       Name:
       Title: [Responsible Officer]

--------

    (4) The Competitive Bid must be received by the Paying Agent (i) in the case
of Eurodollar Loans, not later than 9:30 a.m., New York City time, three
Business Days before a proposed Competitive Borrowing, and (ii) in the case of
Fixed Rate Loans, not later than 9:30 a.m., New York City time, on the Business
Day of a proposed Competitive Borrowing.

<PAGE>

                                                                     EXHIBIT A-3

                             FORM OF COMPETITIVE BID

The Chase Manhattan Bank, as Paying Agent
for the Lenders referred to below,
270 Park Avenue
New York, N.Y. 10017

Attention:

Ladies and Gentlemen:

               The undersigned, [Name of Lender], refers to the Five-Year
Competitive Advance and Revolving Credit Facility Agreement dated as of March
23, 2001 (as it may be amended, modified, extended or restated from time to
time, the "Credit Agreement"), among AT&T Wireless Services, Inc. (the
"Borrower"), the Lenders named therein, The Chase Manhattan Bank ("Chase") and
Bank of America, N.A., as Administrative Agents, Chase, as Paying Agent, and
Merrill Lynch Corp. and Citibank, N.A., as syndication agents. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. The undersigned hereby makes a Competitive
Bid pursuant to Section 2.03(b) of the Credit Agreement, in response to the
Competitive Bid Request made by the "Borrower on [ ], [2001][2002], and in that
connection sets forth below the terms on which such Competitive Bid is made:

               (A)  Principal Amount(5)       _______________________________

               (B)  Competitive Bid Rate(6)   _______________________________

               (C)  Interest Period and last day thereof  ___________________

               The undersigned hereby confirms that it is prepared, subject to
the conditions set forth in the Credit Agreement, to extend credit to the
Borrower upon acceptance by the Borrower of this bid in accordance with Section
2.03(d) of the Credit Agreement.

Very truly yours,

[NAME OF LENDER],

    by _______________________________
    Name:
    Title:

--------

    (5) Not less than $5,000,000 or greater than the requested Competitive
Borrowing and in integral multiples of $1,000,000. Multiple bids will be
accepted by the Paying Agent.

    (6)   i.e., LIBO Rate + or -    %, in the case of Eurodollar Loans or    %,
in the case of Fixed Rate Loans.

<PAGE>

                                                                     EXHIBIT A-4

                  FORM OF COMPETITIVE BID ACCEPT/REJECT LETTER

The Chase Manhattan Bank, as Paying Agent
  for the Lenders referred to below,
270 Park Avenue
New York, N.Y. 10017

Attention:

Ladies and Gentlemen:

               The undersigned, AT&T Wireless Services, Inc. (the "Borrower"),
refers to the Five-Year Competitive Advance and Revolving Credit Facility
Agreement dated as of March 23, 2001 (as it may be amended, modified, extended
or restated from time to time, the "Credit Agreement"), among the Borrower, the
Lenders named therein, The Chase Manhattan Bank ("Chase") and Bank of America,
N.A., as Administrative Agents, Chase, as Paying Agent, and Merrill Lynch
Capital Corporation and Citibank, N.A., as syndication agents.

               In accordance with Section 2.03(c) of the Credit Agreement, we
have received a summary of bids in connection with our Competitive Bid Request
dated ___________ and in accordance with Section 2.03(d) of the Credit
Agreement, we hereby accept the following bids for maturity on [date]:

<TABLE>
<CAPTION>
    Principal Amount         Fixed Rate Margin             Lender
    ----------------         -----------------             ------
<S>                          <C>                           <C>
            $                  [%]/[+/-.   %]
            $
</TABLE>

        We hereby reject the following bids:

<TABLE>
<CAPTION>
    Principal Amount         Fixed Rate Margin             Lender
    ----------------         -----------------             ------
<S>                          <C>                           <C>
            $                  [%]/[+/-.   %]
            $
</TABLE>

               The $ should be deposited in The Chase Manhattan Bank account
number [        ] on [date].

Very truly yours,

AT&T WIRELESS SERVICES, INC.,

    by
       -------------------------------
    Name:
    Title:

<PAGE>

                                                                     EXHIBIT A-5

                        FORM OF STANDBY BORROWING REQUEST

The Chase Manhattan Bank, as Paying Agent
  for the Lenders referred to below,
270 Park Avenue
New York, N.Y. 10017

                                                                Attention:[Date]

Ladies and Gentlemen:

               The undersigned, AT&T Wireless Services, Inc. (the "Borrower"),
refers to the Five-Year Competitive Advance and Revolving Credit Facility
Agreement dated as of March 23, 2001 (as it may be amended, modified, extended
or restated from time to time, the "Credit Agreement"), among the Borrower, the
Lenders named therein, The Chase Manhattan Bank ("Chase") and Bank of America,
N.A., as Administrative Agents, Chase, as Paying Agent, and Merrill Lynch
Capital Corporation and Citibank, N.A., as syndication agents. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. The Borrower hereby gives you notice
pursuant to Section 2.04 of the Credit Agreement that it requests a Standby
Borrowing under the Credit Agreement, and in that connection sets forth below
the terms on which such Standby Borrowing is requested to be made:
               (A)  Date of Standby Borrowing (which is a Business Day)

               (B)  Principal Amount of Standby Borrowing(7)

               (C)  Interest rate basis(8)

               (D)  Interest Period and the last day thereof(9)

--------

    (7) Not less than $10,000,000 (and in integral multiples of $5,000,000) or
greater than the Total Commitment then available.

    (8) Eurodollar Loan or ABR Loan.

    (9) Which shall be subject to the definition of "Interest Period" and end
not later than the Termination Date.

<PAGE>
                                                                               2

               Upon acceptance of any or all of the Loans made by the Lenders in
response to this request, the Borrower shall be deemed to have represented and
warranted that the conditions to lending specified in Section 4.01(b) and (c) of
the Credit Agreement have been satisfied.

Very truly yours,

AT&T WIRELESS SERVICES, INC.,

    by
       -------------------------------
       Name:
       Title: [Responsible Officer]

<PAGE>

                                                                       EXHIBIT B

                          AT&T WIRELESS SERVICES, INC.
                          ADMINISTRATIVE QUESTIONNAIRE

Please accurately complete the following information and return via FAX to the
attention of Gloria Javier at The Chase Manhattan Bank as soon as possible.

FAX Number:  212-552-5700

LEGAL NAME TO APPEAR IN DOCUMENTATION:

________________________________________________________________________________

GENERAL INFORMATION - DOMESTIC LENDING OFFICE:

Institution Name: ______________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

GENERAL INFORMATION - EURODOLLAR LENDING OFFICE:

Institution Name: ______________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

CONTRACTS/NOTIFICATION METHODS:
CREDIT CONTACTS:

Primary Contact: _______________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

Phone Number: __________________________________________________________________

FAX Number: ____________________________________________________________________

E-mail address: ________________________________________________________________

Backup Contact: ________________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

Phone Number: __________________________________________________________________

FAX Number: ____________________________________________________________________

E-mail address: ________________________________________________________________

TAX WITHHOLDING:
Non Resident Alien __________ Y* __________ N

* Form W-8BEN or W-8ECI Enclosed

Tax ID Number _______________________________

<PAGE>
                                                                               2

CONTACTS/NOTIFICATION METHODS:
ADMINISTRATIVE CONTACTS--BORROWINGS, PAYDOWNS, INTEREST, FEES, ETC.

Contact: _______________________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

Phone Number: __________________________________________________________________

FAX Number: ____________________________________________________________________

E-mail Address: ________________________________________________________________

Backup Contact: ________________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

Phone Number: __________________________________________________________________

FAX Number: ____________________________________________________________________

E-mail address: ________________________________________________________________

BID LOAN NOTIFICATION:

Contact: _______________________________________________________________________

Street Address: ________________________________________________________________

City, State, Zip Code: _________________________________________________________

Phone Number: __________________________________________________________________

FAX Number: ____________________________________________________________________

E-mail Address: ________________________________________________________________

PAYMENT INSTRUCTIONS:

Name of Bank where funds are to be transferred: ________________________________

Routing Transit/ABA number of Bank where funds are to be transferred: __________

Name of Account, if applicable: ________________________________________________

Account Number: ________________________________________________________________

Additional Information: ________________________________________________________

It is very important that all of the above information is accurately filled in
and returned promptly. If there is someone other than yourself who should
receive this questionnaire, please notify us of their name and FAX number and we
will FAX them a copy of the questionnaire. If you have any questions, please
call me at 212-552-7440.

<PAGE>

                                                                       EXHIBIT C

                                    [FORM OF]

                            ASSIGNMENT AND ACCEPTANCE

               Reference is made to the Five-Year Competitive Advance and
Revolving Credit Facility Agreement dated as of March 23, 2001 (as the same may
be modified, amended, extended or restated from time to time, the "Credit
Agreement"), among AT&T Wireless Services, Inc. (the "Borrower"), the lenders
party thereto (the "Lenders"), The Chase Manhattan Bank ("Chase") and Bank of
America, N.A., as Administrative Agents, Chase, as Paying Agent for the Lenders
(in such capacity, the "Paying Agent"), and Merrill Lynch Capital Corporation
and Citibank, N.A., as syndication agents. Terms defined in the Credit Agreement
are used herein with the same meanings.

               1. The Assignor hereby sells and assigns, without recourse, to
the Assignee, and the Assignee hereby purchases and assumes, without recourse,
from the Assignor, effective as of the Effective Date set forth below, the
interests set forth below (the "Assigned Interest") in the Assignor's rights and
obligations under the Credit Agreement, including, without limitation, the
interests set forth herein in the Commitment of the Assignor on the Effective
Date and the Competitive Loans (if noted on the attached Schedule) and Standby
Loans owing to the Assignor which are outstanding on the Effective Date,
together with unpaid interest accrued on the assigned Loans to the Effective
Date. Each of the Assignor and the Assignee hereby makes and agrees to be bound
by all the representations, warranties and agreements set forth in Section
9.04(c) of the Credit Agreement, a copy of which has been received by each such
party. From and after the Effective Date (i) the Assignee shall be a party to
and be bound by the provisions of the Credit Agreement and, to the extent of the
interests assigned by this Assignment and Acceptance, have the rights and
obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of
the interests assigned by this Assignment and Acceptance, relinquish its rights
and be released from its obligations under the Credit Agreement [(and such
Assignor shall cease to be a party to the Credit Agreement (but shall continue
to be entitled to the benefits of Sections 2.13, 2.15, 2.19 and 9.05 thereof, as
well as to the Fees accrued for its accounts under the Credit Agreement and not
yet paid))](10).

               2. This Assignment and Acceptance is being delivered to the
Paying Agent together with (i) if the Assignee is organized under the laws of a
jurisdiction outside the United States, the forms specified in Section 2.19(f)
of the Credit Agreement, duly completed and executed by such Assignee, (ii) if
the Assignee is not already a Lender under the Credit Agreement, an
Administrative Questionnaire in the form of Exhibit B to the Credit Agreement
and (iii) a processing and recordation fee of $3,000.

               3. This Assignment and Acceptance shall be governed by and
construed in accordance with the laws of the State of New York.

Date of Assignment:

--------

    (10) To be included in the case of an Assignment and Acceptance covering all
or the remaining portion of an Assignor's rights and obligations under the
Credit Agreement.

<PAGE>
                                                                               2

Legal Name of Assignor:

Legal Name of Assignee:

Assignee's Address for Notices:

Effective Date of Assignment
(may not be fewer than 5 Business

Days after the Date of Assignment):

                          Principal Amount Assigned     Percentage Assigned of
                          (and identifying              Facility and Commitment
                          information as to individual  thereunder (set forth,
                          Competitive Loans)            to at least 8 decimals,
                                                        as a percentage of the
                                                        Facility and the
                                                        aggregate Commitments of
                                                        all Lenders thereunder)

Commitment Assigned:
Standby Loans:
Competitive Loans, if any

The terms set forth above and on the              Accepted: as of ______________
reverse side hereof are hereby agreed to:

____________________________, as Assignor         AT&T WIRELESS SERVICES, INC.

By: _____________________________________         By: __________________________

Name: ___________________________________         Name: ________________________

Title: __________________________________         Title: _______________________

____________________________, as Assignor

By: _____________________________________

Name: ___________________________________

Title: __________________________________

<PAGE>

                                                                       EXHIBIT D

                                     FORM OF

                             OPINION OF COUNSEL(11)

               1. AT&T Wireless Services, Inc. (i) is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware, (ii) has all requisite power and authority to own its property and
assets and to carry on its business as now conducted, (iii) is qualified to do
business in every jurisdiction within the United States where such qualification
is required, except where the failure so to qualify would not reasonably be
expected to result in a Material Adverse Effect on AT&T Wireless Services, Inc.,
and (iv) has all requisite corporate power and authority to execute, deliver and
perform its obligations under the Credit Agreement and to borrow funds
thereunder.

               2. The execution, delivery and performance by AT&T Wireless
Services, Inc. of each Loan Document, the Borrowings thereunder and the use of
the proceeds thereof (i) have been duly authorized by all requisite corporate
action and (ii) will not (a) violate (1) any provision of law, statute, rule or
regulation (including without limitation, the Margin Regulations), or of the
certificate of incorporation or other constitutive documents or by-laws of AT&T
Wireless Services, Inc., (2) any order of any Governmental Authority or (3) any
provision of any indenture, agreement or other instrument to which AT&T Wireless
Services, Inc. is a party or by which it or its property is or may be bound, (b)
be in conflict with, result in a breach of or constitute (alone or with notice
or lapse of time or both) a default under any such indenture, agreement or other
instrument or (c) result in the creation or imposition of any lien upon any
property or assets of AT&T Wireless Services, Inc.

               3. The Contribution (i) was duly authorized by all requisite
corporate action of AT&T Wireless Services, Inc. and AT&T and (ii) did not
violate (A) any provision of any law, statute, rule or regulation or of the
certificate of incorporation or other constitutive documents or by-laws of AT&T
Wireless Services, Inc., (B) any order of any Governmental Authority or (C) any
provision of any indenture, agreement or other instrument to which AT&T Wireless
Services, Inc. or AT&T is a party or by which either of them or any of its
property is or may be bound, in each case where such violation would reasonably
be expected to result in a Material Adverse Effect.

               4. The Credit Agreement has been, and each Note when executed and
delivered shall be, duly executed and delivered by AT&T Wireless Services, Inc.
and the Credit Agreement constitutes, and each Note when executed and delivered
shall constitute, a legal, valid and binding obligation of AT&T Wireless
Services, Inc., in each case enforceable against AT&T Wireless Services, Inc.,
in accordance with its terms, subject as to the enforceability of rights and
remedies to any applicable bankruptcy, reorganization, insolvency, moratorium or
other similar

--------

    (11) Capitalized terms used but not otherwise defined herein shall have the
meanings assigned to such terms in the Five-Year Competitive Advance and
Revolving Credit Facility Agreement dated as of March 23, 2001, among AT&T
Wireless Services, Inc., the lenders listed in Schedule 2.01 thereto, The Chase
Manhattan Bank ("Chase") and Bank of America, N.A., as Administrative Agents,
Chase, as Paying Agent, and Merrill Lynch Capital Corporation and Citibank,
N.A., as syndication agents (the "Credit Agreement").

<PAGE>
                                                                               2

laws affecting creditors' rights generally and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law.

               5. No action, consent or approval of, registration or filing
with, or any other action by, any Governmental Authority is or will be required
in connection with the execution, delivery or performance by AT&T Wireless
Services, Inc. of any Loan Document, the Borrowings thereunder or the use of
proceeds thereof or in connection any performance by AT&T Wireless Services,
Inc. or AT&T of its obligations in connection with the Contribution, except such
as have been made or obtained and are in full force and effect or, in the case
of the Contribution, the failure to have obtained which would not reasonably be
expected to result in a Material Adverse Effect.

               6. Neither AT&T Wireless Services, Inc. nor any of its
subsidiaries is (a) an "investment company" as defined in, or subject to
regulation under, the Investment Company Act of 1940 or (b) a "holding company"
as defined in, or subject to regulation under, the Public Utility Holding
Company Act of 1935.

<PAGE>

                                                                       EXHIBIT E

                                    [FORM OF]
                                      NOTE

                           Five-Year Credit Agreement

$ [Amount of Commitment]                                      New York, New York
                                                                          [Date]

               FOR VALUE RECEIVED, the undersigned, AT&T Wireless Services,
Inc., a Delaware corporation (the "Borrower"), hereby promises to pay to the
order of [Name of Lender] (the "Lender"), at the office of The Chase Manhattan
Bank (the "Paying Agent") at 270 Park Avenue, New York, New York 10017, on the
Termination Date (as defined in the Credit Agreement dated as of March 23, 2001
(as amended, modified or supplemented from time to time, the "Credit
Agreement")), among the Borrower, the Lenders named therein, The Chase Manhattan
Bank and Bank of America, N.A., as Administrative Agents, and the Paying Agent)
the lesser of the principal sum of [amount of Commitment in words] ($[ ]) and
the aggregate unpaid principal amount of all Loans (as defined in the Credit
Agreement) made to the Borrower by the Lender pursuant to the Credit Agreement,
in lawful money of the United States of America, in immediately available funds,
and to pay interest on the principal amount hereof from time to time
outstanding, in like funds, at said office, at the rate or rates per annum, from
the dates and payable on the dates provided in the Credit Agreement.

               The Borrower promises to pay interest, on demand, on any overdue
principal and, to the extent permitted by law, overdue interest from their due
dates at the rate or rates provided in the Credit Agreement.

               The Borrower hereby waives diligence, presentment, demand,
protest and notice of any kind whatsoever. The nonexercise by the holder of any
of its rights hereunder in any particular instance shall not constitute a waiver
thereof in that or any subsequent instance.

               All borrowings evidenced by this Note and all payments and
prepayments of the principal hereof and interest hereon and the respective dates
and maturity dates thereof shall be endorsed by the holder hereof on the
schedule attached hereto and made a part hereof or on a continuation thereof
which shall be attached hereto and made a part hereof, or otherwise recorded by
such holder in its internal records; provided, however, that the failure of the
holder to make such a notation or any error in such a notation shall not affect
the obligations of the Borrower under this Note.

               The Loans evidenced hereby are Loans referred to in the Credit
Agreement, which, among other things, contains provisions for the acceleration
of the maturity thereof upon the happening of certain events, for optional and
mandatory prepayment of the principal thereof prior to the maturity thereof and
for the amendment or waiver of certain provisions of the Credit Agreement, all
upon the terms and conditions therein specified.

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

AT&T WIRELESS SERVICES, INC.

<PAGE>
                                                                               2

By:  __________________________

Name:  ________________________

Title:  _______________________

                               Loans and Payments

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
                                                                           Unpaid       Name of
                 Amount                                                   Principal     Person
                and Type   Termination                                     Balance      Making
    Date        of Loan       Date      Principal   Payments   Interest    of Note     Notation
---------------------------------------------------------------------------------------------------
<S>             <C>        <C>          <C>         <C>        <C>        <C>          <C>

---------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                  SCHEDULE 2.01

                                TOTAL COMMITMENTS
                           FIVE-YEAR CREDIT AGREEMENT

<TABLE>
<CAPTION>
                                                                          TOTAL COMMITMENT
                                                                         ------------------
                                                                         (in millions of $)
<S>                                                                      <C>
ADMINISTRATIVE AGENTS
The Chase Manhattan Bank                                                        $92.50
   270 Park Avenue,
   New York, New York 10017
   Attention: Constance Coleman, Ganesh Persaud
   Facsimile: 212-270-4584, 212-552-5700

Bank of America, N.A.                                                           $92.50
   901 Main St. (64th Floor)
   Dallas, TX 75202
   Attention: Pamela Kurtzman, Dilys Robertson
   Facsimile: 214-209-0997, 214-209-9852

SYNDICATION AGENTS
Merrill Lynch Capital Corporation                                               $92.50
Citibank, N.A.                                                                  $92.50

Banca Commerciale Italiana                                                      $68.75
Bank One, N.A.                                                                  $68.75
BNP Paribas                                                                     $68.75
Barclays Bank Plc.                                                              $68.75
Deutsche Bank AG                                                                $68.75
HSBC Bank USA                                                                   $68.75
Lehman Commercial Paper Inc.                                                    $68.75
The Bank of Tokyo-Mitsubishi, Ltd.                                              $68.75
The Industrial Bank of Japan, Ltd.                                              $68.75
The Royal Bank of Scotland plc                                                  $68.75

Fleet National Bank                                                             $40.00
Westdeutsche Landesbank Girozentrale                                            $40.00

Australia and New Zealand Banking Group Ltd.                                    $25.00
Bayerische Landesbank                                                           $25.00
CIBC Inc.                                                                       $25.00
The Sumitomo Bank, Ltd.                                                         $25.00
The Northern Trust Company                                                      $12.50
                                                                             ---------
TOTAL AMOUNT                                                                 $1,250.00
                                                                             =========
</TABLE><PAGE>
Exhibit 10.3

                                                                  EXECUTION COPY

================================================================================

                         RECEIVABLES PURCHASE AGREEMENT

                                      AMONG

                 SIERRA NEVADA WIRELESS RECEIVABLES CORPORATION,

                                   AS SELLER,

                     AT&T WIRELESS SERVICES OF NEVADA, INC.,

                                  AS SERVICER,

               CIESCO L.P., CORPORATE ASSET FUNDING COMPANY, INC.,
                  ASSET SECURITIZATION COOPERATIVE CORPORATION
                      AND RECEIVABLES CAPITAL CORPORATION,

                             AS CONDUIT PURCHASERS,

                  THE FINANCIAL INSTITUTIONS FROM TIME TO TIME

                                  PARTY HERETO,

                  AS COMMITTED PURCHASERS AND MANAGING AGENTS,

                                       AND

                          CITICORP NORTH AMERICA, INC.,

    AS PROGRAM AGENT FOR THE CONDUIT PURCHASERS AND THE COMMITTED PURCHASERS

                            DATED AS OF MARCH 1, 2002

================================================================================
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                   Page
                                                                                   ----
<S>                                                                                <C>
ARTICLE I  DEFINITIONS..............................................................1

     SECTION 1.01.  Certain Defined Terms...........................................1
     SECTION 1.02.  Other Terms and Constructions..................................24
     SECTION 1.03.  Computation of Time Periods....................................24

ARTICLE II  AMOUNTS AND TERMS OF THE PURCHASES.....................................24

     SECTION 2.01.  The Purchase Facility..........................................24
     SECTION 2.02.  Making the Purchases...........................................26
     SECTION 2.03.  Yield and Fees.................................................27
     SECTION 2.04.  Settlement Procedures..........................................27
     SECTION 2.05.  Payments and Computations, Etc.................................30
     SECTION 2.06.  Additional Yield...............................................31
     SECTION 2.07.  Yield Protection...............................................31
     SECTION 2.08.  Increased Capital..............................................31
     SECTION 2.09.  Taxes..........................................................32
     SECTION 2.10.  Tax and Accounting Treatment...................................33
     SECTION 2.11.  Sale Agreement Rights..........................................33
     SECTION 2.12.  Distribution of Ineligible Receivables.........................33
     SECTION 2.13.  Voluntary Liquidation..........................................34

ARTICLE III  CONDITIONS OF PURCHASES...............................................34

     SECTION 3.01.  Conditions Precedent to Initial Purchase.......................34
     SECTION 3.02.  Conditions Precedent to Purchases during a Voluntary
                    Liquidation Period or after Reduction of Capital to Zero.......34
     SECTION 3.03.  Conditions Precedent to All Purchases..........................34

ARTICLE IV  REPRESENTATIONS AND WARRANTIES.........................................35

     SECTION 4.01.  Representations and Warranties of the Seller...................35
     SECTION 4.02.  Representations and Warranties of the Servicer.................39

ARTICLE V  GENERAL COVENANTS.......................................................41

     SECTION 5.01.  Affirmative Covenants of the Seller............................41
     SECTION 5.02.  Reporting Requirements of the Seller...........................44
     SECTION 5.03.  Negative Covenants of the Seller...............................45
     SECTION 5.04.  Covenants of the Servicer......................................47

ARTICLE VI  ADMINISTRATION OF RECEIVABLES..........................................51
</TABLE>

                                       i
<PAGE>
<TABLE>
<S>                                                                                <C>
     SECTION 6.01.  Designation of Servicer........................................51
     SECTION 6.02.  Duties of the Servicer.........................................52
     SECTION 6.03.  Rights of the Program Agent....................................53
     SECTION 6.04.  Responsibilities of the Seller.................................53
     SECTION 6.05.  Further Action Evidencing Program Agent's Interest.............54

ARTICLE VII  EVENTS OF TERMINATION.................................................54

     SECTION 7.01.  Events of Termination..........................................54

ARTICLE VIII  INDEMNIFICATION......................................................57

     SECTION 8.01.  Indemnities by the Seller......................................57
     SECTION 8.02.  Indemnities by the Servicer....................................60
     SECTION 8.03.  Materiality Considerations.....................................60

ARTICLE IX  THE AGENTS.............................................................60

     SECTION 9.01.  Authorization and Action.......................................60
     SECTION 9.02.  Agents' Reliance, Etc..........................................61
     SECTION 9.03.  Agents and Affiliates..........................................61
     SECTION 9.04.  Purchaser's Purchase Decision..................................61
     SECTION 9.05.  Delegation of Duties...........................................62
     SECTION 9.06.  Successor Agents...............................................62

ARTICLE X  MISCELLANEOUS...........................................................62

     SECTION 10.01.  Amendments, Etc...............................................62
     SECTION 10.02.  Notices, Etc..................................................63
     SECTION 10.03.  No Waiver; Remedies...........................................63
     SECTION 10.04.  Binding Effect; Assignability.................................63
     SECTION 10.05.  Additional Purchase Groups....................................65
     SECTION 10.06.  GOVERNING LAW; WAIVER OF JURY TRIAL...........................65
     SECTION 10.07.  Costs, Expenses and Taxes.....................................66
     SECTION 10.08.  No Proceedings................................................66
     SECTION 10.09.  Execution in Counterparts; Severability.......................66
     SECTION 10.10.  Confidentiality...............................................66
</TABLE>

                                    ii

<PAGE>
                         LIST OF EXHIBITS AND SCHEDULES

EXHIBIT A         Credit and Collection Policy

EXHIBIT B         Form of Purchase Request

EXHIBIT C-1       Form of Investor Report

EXHIBIT C-2       Form of Weekly Report

EXHIBIT D         Form of Lock-Box Agreement

EXHIBIT E         List of Offices of Seller where Records Are Kept

EXHIBIT F         List of Lock-Box Banks and Lock-Box Accounts

EXHIBIT G         List of Closing Documents

EXHIBIT H         Form of Contracts

EXHIBIT I         Form of Joinder Agreement

SCHEDULE I        Originators

SCHEDULE II       Group Purchase Limits

SCHEDULE III      Notice Addresses

SCHEDULE IV       Special Concentration Limits

                                      iii
<PAGE>
                         RECEIVABLES PURCHASE AGREEMENT

                  This RECEIVABLES PURCHASE AGREEMENT dated as of March 1, 2002
among SIERRA NEVADA WIRELESS RECEIVABLES CORPORATION, a Delaware corporation, as
Seller, AT&T WIRELESS SERVICES OF NEVADA, INC., a Nevada corporation, as
Servicer, CIESCO L.P., CORPORATE ASSET FUNDING COMPANY, INC., ASSET
SECURITIZATION COOPERATIVE CORPORATION, and RECEIVABLES CAPITAL CORPORATION,
(collectively referred to as the "Conduit Purchasers" and each, individually, a
"Conduit Purchaser"), THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO,
as Committed Purchasers and Managing Agents, and CITICORP NORTH AMERICA, INC., a
Delaware corporation, as Program Agent for the Conduit Purchasers and the
Committed Purchasers. Capitalized terms used herein shall have the meanings
specified in Section 1.01.

                                    ARTICLE I
                                   DEFINITIONS

         SECTION 1.01. Certain Defined Terms. As used in this Agreement (both
above and elsewhere), the following terms shall have the following meanings
(such meanings to be equally applicable to both the singular and plural forms of
the terms defined):

                  "AB Cellular" means AB Cellular LA, LLC, a Delaware limited
liability company.

                  "Additional Yield" has the meaning assigned to that term in
Section 2.06.

                  "Adverse Claim" means a Lien other than any Permitted Lien.

                  "Adjusted Net Receivables Pool Balance" means at any time of
calculation hereunder, the Net Receivables Pool Balance minus the Required
Reserves at such time.

                  "Affected Party" means any Purchaser, CNAI, individually and
in its capacity as Program Agent, any Managing Agent, any Liquidity Provider and
any parent company controlling any of the foregoing.

                  "Affiliate" means, with respect to any Person, any other
Person that directly or indirectly controls or is controlled by or is under
common control with such specified Person..

                  "Agreement" means this Receivables Purchase Agreement, as
amended, restated, supplemented or otherwise modified from time to time.

                  "Asset Purchase Agreement" means any asset purchase or other
agreements pursuant to which a Conduit Purchaser may from time to time assign
part or all of its Purchased Interest as amended, restated, supplemented or
otherwise modified from time to time.

                                       1
<PAGE>
                  "Assignee Rate" for any Purchaser during any Settlement Period
means a rate per annum equal to the LIBO Rate plus (a) other than during a Level
2 Ratings Downgrade Period, 1.25% or (b) during a Level 2 Ratings Downgrade
Period, 2.00%; provided, however, that the Assignee Rate shall be equal to the
Base Rate in effect from time to time (i) for any Settlement Period that is not
equal to a month, (ii) with respect to any portion of Capital not outstanding
during an entire Settlement Period, and (iii) at any time when it is unlawful
for such Purchaser to obtain funds in, or such Purchaser is not offering
deposits in dollars in, the London interbank market. Following the occurrence
and during the continuance of any Event of Termination, the Assignee Rate for
each Settlement Period shall be a rate per annum equal to the Base Rate plus (x)
other than during a Level 2 Ratings Downgrade Period, 2.00% or (y) during a
Level 2 Ratings Downgrade Period, 3.00%.

                  "ATTWS" means AT&T Wireless Services, Inc., a Delaware
corporation.

                  "Average Maturity" means, on any day, that period (expressed
in days) equal to the weighted average maturity of the Receivables as shall be
calculated by the Servicer as set forth in the most recent Investor Report or
Weekly Report in accordance with the provisions thereof; provided, however, that
if the Program Agent should determine that such method of calculation no longer
accurately reflects the average maturity of the Receivables, the Program Agent
may recalculate the Average Maturity for such day using the Program Agent's own
method.

                  "AWS Nevada" means AT&T Wireless Services of Nevada, Inc., a
Nevada corporation.

                  "Bankruptcy Code" means Title 11 of the United States Code, 11
U.S.C. Section 101 et seq., as amended from time to time, or any successor
thereto.

                  "Base Rate" shall mean:

                  (i) for any Purchaser in the CNAI Purchase Group, a
         fluctuating interest rate per annum equal to the rate of interest
         announced publicly by Citibank in New York, New York, from time to time
         as Citibank's base rate;

                  (ii) for any Purchaser in the CIBC Purchase Group, the rate
         announced by Canadian Imperial Bank of Commerce from time to time as
         its prime rate in the United States, such rate to change as and when
         such designated rate changes;

                  (iii) for any Purchaser in the BOA Purchase Group, a
         fluctuating interest rate per annum equal to the rate of interest
         announced publicly by Bank of America, N.A. in Charlotte, North
         Carolina, from time to time as its "prime rate"; and

                  (iv) for any other Purchaser, a rate of interest per annum
         agreed to in writing by the related Managing Agent and the Seller.

                                       2
<PAGE>
                  "BOA Purchase Group" means the Purchase Group for which Bank
of America, N.A. is the Managing Agent.

                  "Breakage Amount" means, for any Settlement Period prior to
the Termination Date during which Capital is reduced pursuant to Section
2.01(c), Section 2.02(c) or Section 2.13, the amount, if any, by which (i) the
Additional Yield (calculated without taking into account any Breakage Amount)
which would have accrued on the reductions of such Capital during such
Settlement Period (as so computed) if such reductions had remained as Capital,
exceeds (ii) the income, if any, received by the applicable Purchaser or the
applicable Liquidity Provider from the investment by such Person of the proceeds
of such reductions of Capital.

                  "Business Day" means any day other than a Saturday, Sunday or
public holiday or the equivalent for banks in New York City, New York,
Charlotte, North Carolina or Chicago, Illinois and, if the term "Business Day"
is used in connection with the LIBO Rate, any day on which dealings are carried
on in the London interbank market.

                  "Capital" means, at any time, with respect to a Purchaser, the
sum of amounts paid to the Seller by such Purchaser pursuant to Section 2.02(b)
reduced from time to time by Collections received and distributed as reductions
on account of such Capital pursuant to Section 2.01(c) or Section 2.04 and, with
respect to all Purchasers, means the aggregate outstanding Capital of all
Purchasers.

                  "Capital Lease Obligations" of any Person means the
obligations of such Person to pay rent or other amounts under any lease of (or
other arrangement conveying the right to use) real or personal property, or a
combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under U.S.
generally accepted accounting principles, and the amount of such obligations
shall be the capitalized amount thereof determined in accordance with U.S.
generally accepted accounting principles.

                  "Capital Payment Date" means (a) other than during a Level 2
Ratings Downgrade Period, the day immediately succeeding each Monthly Reporting
Date, and (b) (i) during a Level 2 Ratings Downgrade Period or (ii) during any
Voluntary Liquidation Period, the day immediately succeeding each Weekly
Reporting Date, or, in each case, if such day is not a Business Day, the next
succeeding Business Day; provided, that the Program Agent may, in its
discretion, during a Voluntary Liquidation Period or following the occurrence
and during the continuance of an Event of Termination, by notice to the Seller,
require that Capital Payment Dates occur more frequently.

                  "Capital Purchase" has the meaning set forth in Section
2.02(a).

                  "Change in Control" means (a) the acquisition of ownership,
directly or indirectly, beneficially or of record, by any Person or group
(within the meaning of the Securities Exchange Act of 1934 and the rules of the
Securities and Exchange Commission thereunder as in effect on the date hereof)
other than ATTWS, any Subsidiary of ATTWS or any ATTWS sponsored employee
benefit plan, of shares representing 30% or more of the aggregate ordinary
voting power represented by the issued and outstanding capital stock of ATTWS;
or (b)

                                       3
<PAGE>
occupation of a majority of the seats (other than vacant seats) on the board of
directors of ATTWS by Persons who are not Continuing Directors. For purposes of
the foregoing, "Continuing Directors" shall mean (i) the directors of ATTWS on
the date hereof and (ii) each other director nominated or appointed by at least
two thirds of the Continuing Directors at the time of such nomination or
appointment.

                  "CIBC Purchase Group" means the Purchase Group for which
Canadian Imperial Bank of Commerce is the Managing Agent.

                  "Citibank" means Citibank, N.A., a national banking
association.

                  "CNAI" means Citicorp North America, Inc., a Delaware
corporation.

                  "CNAI Purchase Group" means the Purchase Group for which CNAI
is the Managing Agent.

                  "Collection Account" means account number 30502394, or any
other account which may be designated by the Program Agent from time to time,
maintained at Citibank in the name of the Program Agent on behalf of the
Purchasers, for the purpose of receiving Collections during a Voluntary
Liquidation Period or following an Event of Termination; provided, however, that
if Citibank's short term unsecured debt rating is (a) withdrawn or is A-2 or
lower by S&P or (b) withdrawn or is P-2 or lower by Moody's, the Collection
Account shall, after notice to the Seller and the Servicer, be maintained at
another financial institution, satisfactory to the Managing Agents, which shall
at all times have a short term unsecured debt rating of at least A-1 by S&P and
P-1 by Moody's.

                  "Collections" means, with respect to any Receivable, any and
all related cash collections and proceeds of such Receivable, including, without
limitation, all cash proceeds of Related Security with respect to such
Receivable, all amounts due as fees or charges for late payments and any amounts
deemed to have been received pursuant to Section 2.04(a).

                  "Commitment" means, for any Committed Purchaser, the maximum
amount of Capital which may be advanced by such Committed Purchaser as set forth
opposite such Committed Purchaser's name on the signature pages to this
Agreement under the caption "Commitment", subject to assignment pursuant to
Section 10.04, as such amount may be reduced in accordance with Section 2.01(b).

                  "Committed Purchaser" means, as to any Conduit Purchaser, each
of the financial institutions listed on the signature pages to the Agreement as
a "Committed Purchaser" for such Conduit Purchaser, together with its respective
successors and permitted assigns.

                  "Committed Purchaser Percentage" means, for any Committed
Purchaser, a fraction (expressed as a percentage) computed by dividing such
Committed Purchaser's Commitment by the aggregate Commitments of all Committed
Purchasers in such Committed Purchaser's related Purchase Group.

                  "Concentration Limit" means, for any Obligor, at any time, (a)
one percent (1.0%), or (b) such other percentage (a "Special Concentration
Limit") for such Obligor as set

                                       4
<PAGE>
forth on Schedule IV or as may be designated by the Managing Agents in writing
from time to time, which Special Concentration Limit is subject to reduction or
cancellation by any Managing Agent the related Group Purchase Limit of which is
greater than or equal to $250,000,000, upon notice from such Managing Agent to
the Seller and the Servicer; provided, however, that in the case of an Obligor
with any affiliated Obligors, the Concentration Limit and the Receivables
related thereto shall be calculated as if such Obligor and such one or more
affiliated Obligors were one Obligor.

                  "Conduit Purchase Limit" means, for any Conduit Purchaser, the
maximum amount of Capital which may be advanced by such Conduit Purchaser as set
forth opposite such Conduit Purchaser's name on the signature pages to this
Agreement (or on the signature pages to the Joinder Agreement pursuant to which
such Conduit Purchaser became a party hereto) under the caption "Conduit
Purchase Limit", subject to assignment pursuant to Section 10.04, as such amount
may be modified from time to time by notice from the related Managing Agent to
the Seller and the Program Agent.

                  "Conduit Purchaser" means, as applicable, CIESCO L.P.,
Corporate Asset Funding Company, Inc., Asset Securitization Cooperative
Corporation, Receivables Capital Corporation, or any other commercial paper
conduit, which is managed by one of the Managing Agents or which becomes a party
hereto in accordance with the terms of Section 10.04(b).

                  "Contract" means an agreement or other arrangement, including
a purchase order or invoice, pursuant to or under which an Obligor shall be
obligated to pay for services rendered by an Originator or ATTWS from time to
time.

                  "CP Note" means any commercial paper note issued by a Conduit
Purchaser.

                  "CP Rate" shall mean:

                  (i) for any Conduit Purchaser in the CNAI Purchase Group, for
each Settlement Period, the per annum rate equal to the weighted average of the
per annum rates paid or payable by such Conduit Purchaser from time to time as
interest on or otherwise (by means of interest rate hedges or otherwise) in
respect of the CP Notes that are allocated, in whole or in part, by the Managing
Agent (on behalf of such Conduit Purchaser) to fund or maintain such Conduit
Purchaser's Purchased Interest during such Settlement Period, as determined by
the Managing Agent (on behalf of such Conduit Purchaser) and reported to the
Seller, the Program Agent and the Servicer, which rates shall reflect and give
effect to the commissions of placement agents and dealers in respect of CP
Notes, to the extent such commissions are allocated, in whole or in part, to
such CP Notes by the Managing Agent on behalf of such Conduit Purchaser;
provided, however, that if any component of such rate is a discount rate, in
calculating the "CP Rate" for such Settlement Period, the Managing Agent for
such Conduit Purchaser shall for such component use the rate resulting from
converting such discount rate to an interest bearing equivalent rate per annum;

                  (ii) for any Conduit Purchaser in the CIBC Purchase Group, for
each Settlement Period, the per annum rate equivalent to the "weighted average
cost" (as defined below) related to the issuance of commercial paper notes that
are allocated, in whole or in part, to fund such

                                       5
<PAGE>
Conduit Purchaser's Purchased Interest during such Settlement Period (and which
may also be allocated in part to the funding of other assets of such Conduit
Purchaser) as determined by the Managing Agent (on behalf of such Conduit
Purchaser) and reported to the Seller, the Program Agent and the Servicer;
provided, however, that if any component of such rate is a discount rate in
calculating the CP Rate for such date, the rate used to calculate such component
of such rate shall be a rate resulting from converting such discount rate to an
interest bearing equivalent rate per annum. As used in this definition, the
"weighted average cost" shall consist of (x) the actual interest rate paid to
purchasers of commercial paper notes issued by such Conduit Purchaser, (y) the
costs associated with the issuance of such commercial paper notes, including
dealer fees and commissions to placement agents, and (z) interest on other
borrowing or funding sources by such Conduit Purchaser, including to fund small
or odd dollar amounts that are not easily accommodated in the commercial paper
market.;

                  (iii) for any Conduit Purchaser in the BOA Purchaser Group,
for each Settlement Period, the per annum rate equal to the weighted average of
the per annum rates paid or payable by such Conduit Purchaser from time to time
as interest on or otherwise (by means of interest rate hedges or otherwise) in
respect of the CP Notes that are allocated, in whole or in part, by the Managing
Agent (on behalf of such Conduit Purchaser) to fund or maintain such Conduit
Purchaser's Purchased Interest during such Settlement Period, as determined by
the Managing Agent (on behalf of such Conduit Purchaser) and reported to the
Seller, the Program Agent and the Servicer, which rates shall reflect and give
effect to the commissions of placement agents and dealers in respect of CP
Notes, to the extent such commissions are allocated, in whole or in part, to
such CP Notes by the Managing Agent on behalf of such Conduit Purchaser;
provided, however, that if any component of such rate is a discount rate, in
calculating the "CP Rate" for such Settlement Period, the Managing Agent for
such Conduit Purchaser shall for such component use the rate resulting from
converting such discount rate to an interest bearing equivalent rate per annum;
and

                  (iv) for any Conduit Purchaser party to this Agreement
pursuant to a Joinder Agreement, for each Settlement Period, the "CP Rate" set
forth in such Joinder Agreement.

                  Following the occurrence and during the continuance of any
Event of Termination, the CP Rate for each Conduit Purchaser for each Settlement
Period shall be the Base Rate plus (A) other than during a Level 2 Ratings
Downgrade Period, 2.00% per annum and (B) during a Level 2 Ratings Downgrade
Period, 3.00% per annum.

                  "Credit and Collection Policy" means, with respect to any
Receivable, the credit and collection policies and practices attached as Exhibit
A hereto relating to such Receivable and the related Obligor.

                  "Deemed Loss Ratio" means, for any Monthly Period, the
fraction (expressed as a percentage) determined as of the last day of each such
Monthly Period by dividing (i) the aggregate Outstanding Balance of all
Receivables that (a) are aged at least 91 days, but no greater than 120 days
from their respective original billing dates on such date or (b) were written
off the books of the Seller at any time during such Monthly Period if aged less
than 91 days from their respective original billing dates on such date, by (ii)
the aggregate amount of all Sales during the fourth preceding Monthly Period.

                                       6
<PAGE>
                  "Default Ratio" means, for any Monthly Period, the fraction
(expressed as a percentage) determined as of the last day of such Monthly Period
by dividing (i) the aggregate Outstanding Balance of all Receivables that
remained unpaid for more than ninety (90) days from the original invoice date on
such date by (ii) the aggregate Outstanding Balance of all Receivables on such
date.

                  "Default Stress Factor" means 2.0.

                  "Defaulted Receivable" means a Receivable: (i) as to which any
payment, or part thereof, remains unpaid for more than ninety (90) days from the
original invoice date, (ii) as to which the Obligor thereof has taken any
action, or suffered any event to occur, of the type described in Section 7.01(f)
or (iii) which, consistent with the Credit and Collection Policy, has been or
should be written off as uncollectible.

                  "Delinquency Ratio" means, for any Monthly Period, the
fraction (expressed as a percentage) determined as of the last day of each such
Monthly Period by dividing (i) the aggregate Outstanding Balance of all
Receivables that are Delinquent Receivables on such date by (ii) the aggregate
Outstanding Balance of all Receivables on such date.

                  "Delinquent Receivable" means a Receivable that is not a
Defaulted Receivable and (i) as to which any payment, or part thereof, remains
unpaid for more than sixty (60) days from the original invoice date or (ii)
which, consistent with the Credit and Collection Policy, has been or should be
classified as delinquent.

                  "Diluted Receivable" means that portion of any Receivable
which is either (a) reduced or canceled as a result of a Dilution Factor or (b)
subject to any specific pending dispute, offset, counterclaim or defense
whatsoever (except the discharge in bankruptcy of the Obligor thereof).

                  "Dilution Factor" means any of the following factors giving
rise to dilution: (i) any rejected services, wrong billings, any cash discount,
or any failure by an Originator to perform any services or otherwise perform
under the underlying Contract or invoice, (ii) any change, allowance or
cancellation of any terms of such Contract or invoice or any other adjustment by
such Originator which reduces the amount payable by the Obligor on the related
Receivable and (iii) any setoff in respect of any claim by the Obligor thereof
(whether such claim arises out of the same or a related transaction or an
unrelated transaction).

                  "Dilution Horizon Factor" means, for any Monthly Period, a
fraction (expressed as a percentage) determined as of the last day of such
Monthly Period by dividing (i) the sum of (a) the aggregate amount of Sales
during such Monthly Period plus (b) the aggregate Outstanding Balance of all
Unbilled Receivables as of such day, by (ii) the aggregate Outstanding Balance
of all Receivables as of such day minus the aggregate Outstanding Balance of all
Defaulted Receivables as of such day.

                  "Dilution Ratio" means, for any Monthly Period, a fraction
(expressed as a percentage) determined as of the last day of such Monthly Period
by dividing (i) the portion of all Receivables which became Diluted Receivables
during such Monthly Period by (ii) the

                                       7
<PAGE>
aggregate amount of all Sales during the Monthly Period immediately preceding
the Monthly Period referred to in clause (i).

                  "Dilution Reserve" means, at any time, an amount equal to the
product of (i) the Dilution Reserve Percentage multiplied by (ii) the Net
Receivables Pool Balance (without giving effect to clause (iv) of the definition
thereof).

                  "Dilution Reserve Percentage" means, for any Monthly Period, a
percentage, determined as of the last day of such Monthly Period, equal to the
product of (i) the sum of (A) the product of (1) the Dilution Stress Factor,
multiplied by (2) the average of the Dilution Ratios for the twelve (12) most
recently ended Monthly Periods, plus (B) the Dilution Volatility Ratio as of
such day, multiplied by (ii) the Dilution Horizon Factor as of such day.

                  "Dilution Stress Factor" means 2.0.

                  "Dilution Volatility Ratio" means, for any Monthly Period, a
percentage determined as of the last day of such Monthly Period equal to:

                          (HDR minus ADR) x (HDR/ADR)

                  where:

                  HDR = the highest Dilution Ratio for any Monthly Period during
                  the twelve (12) most recently ended Monthly Periods; and

                  ADR = the average of the Dilution Ratios for each of the
                  twelve (12) most recently ended Monthly Periods.

                  "Dynamic Loss Reserve Percentage" means, for any Monthly
Period, a percentage determined as of the last day of such Monthly Period equal
to the product of (i) the Default Stress Factor, multiplied by (ii) the highest
average Deemed Loss Ratio for any three (3) consecutive Monthly Periods during
the preceding twelve (12) Monthly Periods, multiplied by (iii) the Loss Horizon
Factor as of such date.

                  "Effective Date" means the first Business Day on which all of
the conditions precedent to the Initial Purchase, as described in Section 3.01,
have been satisfied.

                  "Eligible Receivable" means a Transferred Receivable:

                  (i) the Obligor of which (x) is a United States resident, (y)
is not an Affiliate or Subsidiary of the applicable Originator, ATTWS or the
Seller;

                  (ii) which is not a Defaulted Receivable;

                  (iii) the Obligor of which, if one of the twenty largest
Obligors (by aggregate Outstanding Balance of Receivables), is not the Obligor
of Defaulted Receivables in the aggregate amount of ten percent (10.0%) or more
of the aggregate Outstanding Balance of all Receivables of such Obligor;

                                       8
<PAGE>
                  (iv) which is denominated and payable only in United States
dollars within the United States;

                  (v) which, together with the Contract related thereto, does
not contravene, in any material respect, any laws, rules or regulations
applicable thereto (including, without limitation, laws, rules or regulations
relating to truth in lending, fair credit billing, fair credit reporting, equal
credit opportunity, fair debt collection practices and privacy) and with respect
to which no party to the Contract related thereto is in violation of any such
law, rule or regulation in any material respect;

                  (vi) which is freely assignable and the Contract with respect
to which does not require the consent, authorization or approval of, or notice
to, the Obligor thereof or any Governmental Authority (except for such consents,
authorizations, approvals or notices which have already been obtained or are not
required to assign such Receivable under applicable law) to convey such
Receivable, the related Contract, the Related Security and the Collections from
the applicable Originator to the Seller, and from the Seller to the Program
Agent, for the benefit of Purchasers;

                  (vii) which, satisfies all applicable requirements of the
Credit and Collection Policy;

                  (viii) which, pursuant to the Contract related thereto, is
required to be paid in full within sixty (60) days of the original billing date
therefor;

                  (ix) which (1) is an "account" within the meaning of 9-102 of
the UCC of the State of New York, (2) is an account receivable representing all
or part of the sales price of merchandise or insurance sold or services rendered
within the meaning of Section 3(c)(5) of the Investment Company Act of 1940, as
amended, (3) together with the Contract related thereto, (x) has been duly
authorized, (y) is in full force and effect, and (z) constitutes the legal,
valid and binding obligation of the Obligor thereof enforceable against such
Obligor in accordance with its terms, subject to the Enforceability Exceptions,
(4) has not been satisfied, released, canceled, subordinated or rescinded, nor
has any instrument been executed by the applicable Originator or the Seller
which would effect any such satisfaction, release, cancellation, subordination
or rescission and (5) is not subject to any specific pending dispute, right of
rescission, setoff, recoupment, counterclaim or defense (except the bankruptcy
or insolvency of such Obligor) whether arising out of transactions concerning
such Receivable or otherwise (provided, that only the portion of the Receivable
subject to any such dispute, right of rescission, setoff, recoupment,
counterclaim or defense shall be deemed ineligible);

                  (x) a purchase of which with the proceeds of CP Notes would
constitute a "current transaction" within the meaning of Section 3(a)(3) of the
Securities Act of 1933, as amended;

                  (xi) good and marketable title to which (including all of its
interest in all Related Security and Collections with respect thereto) with
respect to any Receivable originated by an Originator, has been conveyed by such
Originator to the Seller under the Sale Agreement, free of any Adverse Claim;

                                       9
<PAGE>
                  (xii) which arises from the provision of services by the
applicable Originator or ATTWS to an Obligor pursuant to a Contract governed by
the laws of one of the United States of America in substantially the form
attached hereto as Exhibit H;

                  (xiii) with respect to which all obligations on the part of
the applicable Originator, ATTWS and the Seller have been performed to the
extent necessary to establish the right to receive full payment;

                  (xiv) which has not been compromised, adjusted or modified
(including by extension of time of payment or the granting of any discounts,
allowances or credits) other than in accordance with the Credit and Collection
Policy and which is not voidable; and

                  (xv) as to which no Managing Agent for which the related Group
Purchase Limit is greater than or equal to $250,000,000 has notified the Seller
that such Managing Agent has determined that such Receivable or class of
Receivables is not acceptable as an Eligible Receivable.

                  "Enforceability Exceptions" means exceptions to the
enforceability of an obligation arising under (i) bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or affecting creditors'
rights generally, and (ii) general principles of equity, including, without
limitation, concepts of materiality, reasonableness, good faith and fair dealing
and the possible unavailability of specific performance, regardless of whether
considered in a proceeding at equity or at law.

                  "ERISA" means the Employee Retirement Income Security Act of
1974, as amended from time to time and the regulations promulgated and rulings
issued thereunder.

                  "ERISA Affiliate" means, with respect to any Person, any trade
or business (whether or not incorporated) that, together with such Person, is
treated as a single employer under Section 414(b) or (c) of the IRC or, solely
for the purposes of Section 302 of ERISA and Section 412 of the IRC, is treated
as a single employer under Section 414 of the IRC.

                  "ERISA Event" means, with respect to any Person, (a) any
"reportable event", as defined in Section 4043 of ERISA with respect to a Plan
(other than an event for which the 30-day notice period is waived); (b) the
existence with respect to any Plan of an "accumulated funding deficiency" (as
defined in Section 412 of the IRC or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(d) of the IRC or Section 303(d)
of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by such Person or any of its ERISA
Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (e) the receipt by such Person or any of its ERISA
Affiliates from the PBGC or a plan administrator of any notice relating to an
intention to terminate any Plan or to appoint a trustee to administer any Plan;
(f) the incurrence by such Person or any of its ERISA Affiliates of any
liability with respect to withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by such Person or any of its ERISA
Affiliates of any notice, or the receipt by any Multiemployer Plan from such
Person or any of its ERISA Affiliates of any notice, concerning the imposition
of Withdrawal Liability or a

                                       10
<PAGE>
determination that a Multiemployer Plan is, or is expected to be, insolvent or
in reorganization, within the meaning of Title IV of ERISA.

                  "Eurocurrency Liabilities" has the meaning assigned to that
term in Regulation D of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

                  "Eurodollar Reserve Percentage" for any Settlement Period
means the reserve percentage applicable to the related Affected Party during
such Settlement Period under regulations issued from time to time by the Board
of Governors of the Federal Reserve System (or any successor) (or if more than
one such percentage shall be so applicable, the daily average of such
percentages for those days in such Settlement Period during which any such
percentage shall be so applicable) under regulations issued from time to time by
the Board of Governors of the Federal Reserve System (or any successor) for
determining the maximum reserve requirement (including, without limitation, any
emergency, supplemental or other marginal reserve requirement) for such Affected
Party in respect of liabilities or assets consisting of or including
Eurocurrency Liabilities having a term equal to such Settlement Period.

                  "Event of Termination" has the meaning assigned to that term
in Section 7.01.

                  "Excluded Receivable" means (i) all indebtedness of any
Obligor domiciled outside of the United States; and (ii) any indebtedness of an
Obligor arising from the provision of services by an Originator, which
indebtedness is classified as a "national account" on the books and records of
the related Originator or the Servicer, and identified on such books and records
by a ten digit account number, the first seven digits of which are "9997777".

                  "Facility Documents" means collectively, this Agreement, the
Sale Agreement, the Performance Undertaking, each Fee Letter, each Lock-Box
Agreement and all other agreements, documents and instruments delivered pursuant
thereto or in connection therewith.

                  "Fee Letter" means that certain Fee Letter dated as of the
date hereof among the Program Agent, the Managing Agents, and the Seller, and
any other fee letter executed in connection with a Joinder Agreement, each as
amended, restated, supplemented or otherwise modified from time to time.

                  "Final Collection Date" means the date on or following the
Termination Date on which the aggregate outstanding Capital has been reduced to
zero and the Affected Parties have received all amounts payable to the Affected
Parties (including Yield) pursuant to this Agreement or any other Facility
Document.

                  "Funding Amount" has the meaning set forth in Section 2.02(b).

                  "Funding Percentage" means, with respect to any Purchase Group
at any time, a fraction (expressed as a percentage) computed by dividing the
Group Purchase Limit of such Purchase Group at such time by the Purchase Limit
at such time.

                  "Governmental Authority" means any federal, state, local or
foreign government, any political subdivision of any of the foregoing and any
agency or instrumentality of any of the foregoing.

                                       11
<PAGE>
                  "Governmental Authority Overconcentration Amount" means, (i)
other than during a Level 2 Ratings Downgrade Period, the aggregate, for all
Obligors which are Governmental Authorities, of the amounts by which the
aggregate Outstanding Balance of all Eligible Receivables of such Obligors
exceeds the product of (x) five percent (5.0%) and (y) the aggregate Outstanding
Balance of all Transferred Receivables at such time, and (ii) during a Level 2
Ratings Downgrade Period, the aggregate Outstanding Balance of all Eligible
Receivables the Obligors of which are Governmental Authorities.

                  "Group Purchase Limit" means, for any Purchase Group, the
amount set forth on Schedule II (or in the Joinder Agreement pursuant to which
such Purchase Group became party hereto) subject to assignment pursuant to
Section 10.04, as such amount may be reduced in accordance with Section 2.01(b).

                  "Guarantee" of or by any Person (the "guarantor") means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the
economic effect of guaranteeing any indebtedness or other obligation of any
other Person (the "primary obligor") in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect,
(a) to purchase or pay (or advance or supply funds for the purchase or payment
of) such indebtedness or other obligation or to purchase (or to advance or
supply funds for the purchase of) any security for the payment thereof, (b) to
purchase or lease property, securities or services for the purpose of assuring
the owner of such indebtedness or other obligation of the payment thereof, (c)
to maintain working capital, equity capital or any other financial statement
condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such indebtedness or other obligation or (d) as an account party
in respect of any letter of credit or letter of guaranty issued to support such
indebtedness or obligation.

                  "Incipient Event of Termination" means any event which, with
the giving of notice or lapse of time or both, would constitute an Event of
Termination.

                  "Indebtedness" of any Person means, without duplication, (a)
all indebtedness for money borrowed that is created, assumed or incurred in any
manner by such Person, (b) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, (c) all obligations of such Person in
respect of the deferred purchase price of property or services (excluding
current accounts payable incurred in the ordinary course of business), (d) all
Capital Lease Obligations of such Person, and (e) all Guarantees of such Person.

                  "Initial Purchase" means the first Purchase made pursuant to
this Agreement.

                  "Initial Purchase Date" means the date of the Initial
Purchase.

                  "Investor Report" means a report, in substantially the form of
Exhibit C-1, furnished by the Servicer to the Managing Agents for the Purchasers
pursuant to Section 5.04(b)(v).

                  "IRC" means the Internal Revenue Code of 1986, as amended from
time to time, and any successor statute.

                                       12
<PAGE>
                  "IRS" means the Internal Revenue Service of the United States
of America.

                  "Joinder Agreement" means a joinder agreement substantially in
the form set forth in Exhibit I hereto pursuant to which a new Purchase Group
becomes party to this Agreement.

                  "Level 1 Ratings Downgrade Period" means any period of time,
other than a Level 2 Ratings Downgrade Period, during which ATTWS' senior
unsecured long term debt is rated less than (i) BBB by S&P or (ii) Baa2 by
Moody's.

                  "Level 2 Ratings Downgrade Period" means any period of time
during which the rating of ATTWS' senior unsecured long term debt is withdrawn
by S&P or Moody's or such debt is rated less than (i) BBB- by S&P or (ii) Baa3
by Moody's.

                  "LIBO Rate" shall mean:

                  (i) for any Purchaser in the CNAI Purchase Group, for any
Settlement Period, the rate of interest per annum at which deposits in U.S.
Dollars are offered by the principal office of Citibank in London, England to
prime banks in the London interbank market at 11:00 a.m. (London time) two (2)
Business Days before the first day of such Settlement Period in an amount
approximately equal or comparable to the then outstanding Capital and for a
period equal to such Settlement Period;

                  (ii) for any Purchaser in the CIBC Purchase Group, for any
Settlement Period, means the rate appearing on the Dow Jones Markets Service
Page 3750 as of 11:00 a.m. (London time) on the Business Day which is the second
Business Day immediately preceding the first day of such Settlement Period for a
term comparable to such Settlement Period, or if no such rate is available, then
the LIBO Rate shall be the rate per annum for deposits in U.S. Dollars which
appears on the Reuters Screen LIBO Page as of 11:00 a.m. (London time) on the
Business Day which is the second Business Day immediately preceding the first
day of such Settlement Period for a term comparable to such Settlement Period,
or if neither of the foregoing rates are available the rate determined by the
Managing Agent to be the offered rate on such other page or other service that
displays an average British Bankers Association Interest Settlement Rate for
deposits in dollars as of 11:00 a.m. (London time) on the Business Day which is
the second Business Day immediately preceding the first day of such Settlement
Period for a term comparable to such Settlement Period;

                  (iii) for any Purchaser in the BOA Purchase Group, for any
Settlement Period, the rate of interest per annum at which deposits in U.S.
Dollars are offered by the principal office of Bank of America, N.A. in London,
England to prime banks in the London interbank market at 11:00 a.m. (London
time) two (2) Business Days before the first day of such Settlement Period in an
amount approximately equal or comparable to the then outstanding Capital and for
a period equal to such Settlement Period; and

                  (iv) for any Purchaser party to this Agreement pursuant to a
Joinder Agreement, for each Settlement Period, the "LIBO Rate" set forth in such
Joinder Agreement.

                                       13
<PAGE>
                  "Lien" means any mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance, lien (statutory or otherwise), or preference,
priority, charge or other security agreement or preferential arrangement of any
kind or nature whatsoever that is intended as security.

                  "Liquidation Yield" means, for purposes of calculating the
Yield and Fee Reserve, an amount equal to the product of (a) the sum of (i) the
product of the Rate Variance Factor times the Assignee Rate for a period of
thirty (30) days deemed to have commenced on the date of the calculation of the
Yield and Fee Reserve, plus (ii) the Program Fee, plus (iii) the Servicer Fee,
multiplied by (b) Capital multiplied by (c) a fraction, having as its numerator
the product of the Average Maturity multiplied by 1.2, and having as its
denominator, 360.

                  "Liquidity Fee" has the meaning set forth in the Fee Letter.

                  "Liquidity Provider" means any of the financial institutions
from time to time party to any Asset Purchase Agreement or any liquidity loan
agreement or similar arrangement with a Conduit Purchaser.

                  "Lock-Box" means any post office box, including those post
office boxes listed on Exhibit G for the purpose of receiving payments on
Receivables or other Collections.

                  "Lock-Box Account" means any account, including, without
limitation, those accounts listed on Exhibit F, maintained at a financial
institution for the purpose of receiving Collections.

                  "Lock-Box Agreement" means an agreement with respect to a
Lock-Box or a Lock-Box Account at a Lock-Box Bank, in substantially in one of
the forms attached as Exhibit D or such other form as may be acceptable to the
Program Agent in its discretion, among the Seller, each applicable Originator,
the Program Agent and such Lock-Box Bank or (if applicable) Lock-Box Processor.

                  "Lock-Box Bank" means any of the banks identified as a
Lock-Box Bank on Exhibit F and any other financial institutions that may from
time to time execute Lock-Box Agreements holding one or more lock-box accounts
for receiving Collections from Receivables.

                  "Lock-Box Processor" means any of the Persons identified as a
Lock-Box Processor on Exhibit D and any other Person that may from time to time
execute Lock-Box Agreements accessing one or more Lock-Boxes.

                  "Loss Horizon Factor" means, for any Monthly Period, a
fraction (expressed as a percentage) determined as of the last day of such
Monthly Period by dividing (i) the sum of (a) the aggregate amount of Sales
during the three (3) most recently ended Monthly Periods plus (b) the aggregate
Outstanding Balance of all Unbilled Receivables as of such date, by (ii) the
aggregate Outstanding Balance of Receivables as of such date minus the aggregate
Outstanding Balance of all Defaulted Receivables as of such date.

                                       14
<PAGE>
                  "Loss Reserve" means, at any time, an amount equal to the
product of (i) the Loss Reserve Percentage and (ii) the Net Receivables Pool
Balance (determined without giving effect to clause (iv) of the definition
thereof).

                  "Loss Reserve Percentage" means, at any time, the higher of
(i) the Minimum Loss Reserve Percentage at such time and (ii) the Dynamic Loss
Reserve Percentage at such time.

                  "Loss-to-Liquidation Ratio" means, as of the last day of any
Monthly Period, the ratio (expressed as a percentage) determined by dividing (i)
the aggregate Outstanding Balance of all Receivables that were (or should have
been in accordance with the Credit and Collection Policy) written off during
such Monthly Period (net of aggregate recoveries received with respect to
written off Receivables during such Monthly Period) by (ii) the aggregate amount
of cash Collections received by the Servicer during such Monthly Period.

                  "Managing Agent" means, as to any Conduit Purchaser, the
financial institution responsible for the administration of such Conduit
Purchaser's commercial paper program and related activities.

                  "Majority Committed Purchasers" means, at any time, Committed
Purchasers whose Commitments together exceed fifty percent (50%) of the
aggregate of all Commitments at such time; provided, however, that if at the
time of such determination there are no more than three (3) Purchase Groups
party to this Agreement, "Majority Committed Purchasers" shall mean all
Committed Purchasers.

                  "Material Adverse Effect" means a material adverse effect on
(i) the business, financial condition or results of operations of the
Originators (as a whole), the Seller or ATTWS, (ii) the ability of the
Originators (as a whole), the Seller, the Servicer, or ATTWS to perform its
respective obligations under any Facility Document, (iii) subject to the
Enforceability Exceptions, the legality, validity or enforceability of this
Agreement or any other Facility Document, (iv) the Seller's, the Purchasers' or
the Liquidity Providers' interests in the Receivables Assets or (v) the
collectibility of any material portion of the Receivables Assets.

                  "Minimum Loss Reserve Percentage" means the greater of (a)
other than during a Ratings Downgrade Period, six percent (6%), or during a
Ratings Downgrade Period, ten percent (10%), and (b) the product of (i) the
Concentration Limit determined pursuant to clause (a) of the definition thereof
multiplied by (ii) four (4).

                  "Monthly Period" means each calendar month.

                  "Monthly Reporting Date" means the fifteenth (15th) day of
each Monthly Period or, if such day is not a Business Day, the next succeeding
Business Day.

                  "Moody's" means Moody's Investors Service, Inc., and its
successors.

                  "Multiemployer Plan" means a "multiemployer plan," within the
meaning of Section 4001(a)(3) of ERISA, to which any Person or any ERISA
Affiliate thereof makes, is

                                       15
<PAGE>
making or is obligated to make contributions or, during the preceding three
calendar years, has made, or has been obligated to make, contributions.

                  "Net Receivables Pool Balance" means at any time of
calculation hereunder, an amount equal to the Outstanding Balances of all
Eligible Receivables, minus, without duplication, (i) the aggregate Outstanding
Balance of Defaulted Receivables which are Transferred Receivables at such time,
(ii) all cash Collections and security deposits received by the Servicer which
have not been applied to reduce the Outstanding Balance of such Transferred
Receivables and the aggregate amount of reductions that would result from the
application of all Dilution Factors which have not yet been applied by the
Servicer to the Outstanding Balance of any Transferred Receivables at such time,
(iii) the Obligor Overconcentration Amount at such time, (iv) the Governmental
Authority Overconcentration Amount at such time, (v) if ATTWS' senior long term
unsecured debt rating is (a) withdrawn or is BBB- or lower by S&P and (b)
withdrawn or is Baa3 or lower by Moody's, that portion of the Transferred
Receivables which represents taxes due with respect to such Transferred
Receivables at such time, and (vi) if ATTWS' senior long term unsecured debt
rating is (a) withdrawn or is BBB- or lower by S&P and (b) withdrawn or is Baa3
or lower by Moody's, with respect to each of the ten (10) largest Obligors (in
terms of Outstanding Balance of Transferred Receivables), the lesser of (x) the
amount due by ATTWS and the Originators to such Obligor at such time, or (y) the
Outstanding Balance of all Transferred Receivables due from such Obligor at such
time.

                  "Obligor" means any Person obligated to make payments pursuant
to a Contract.

                  "Obligor Overconcentration Amount" means, at any time, the
aggregate, for all Obligors, of the amounts by which the aggregate Outstanding
Balance of all Eligible Receivables of each such Obligor exceeds the product of
(i) the applicable Concentration Limit for such Obligor, and (ii) the Net
Receivables Pool Balance (without giving effect to clause (iv) of the definition
thereof) at such time.

                  "Originator" means each of the entities party to the Sale
Agreement as an "Originator" from time to time; the initial list of Originators
is set forth on Schedule I hereto.

                  "Other Fees" means amounts owed by the Seller hereunder
pursuant to Sections 2.06, 2.07, 2.08, 8.01 and 10.07.

                  "Outstanding Balance" means, with respect to a Receivable at
any time, the then outstanding principal balance thereof.

                  "Payment Date" means, (a) with respect to any Settlement
Period for which the Purchaser Rate is the CP Rate, (i) other than during a
Level 2 Ratings Downgrade Period, the third (3rd) Business Day of each Monthly
Period, or (ii) during a Level 2 Ratings Downgrade Period, each Wednesday and
(b) with respect to any Settlement Period for which the Purchaser Rate is the
Assignee Rate, the last day of such Settlement Period; provided, that the
Program Agent may, in its discretion following the occurrence and during the
continuance of an Event of Termination or during a Voluntary Liquidation Period,
by notice to the Seller, require that Payment Dates occur more frequently.

                                       16
<PAGE>
                  "PBGC" means the Pension Benefit Guaranty Corporation or any
entity succeeding to any or all of its functions under ERISA.

                  "Performance Undertaking" means that certain Performance
Undertaking of even date herewith, executed by ATTWS in favor of the Program
Agent, the Managing Agents and the Purchasers, as amended, restated,
supplemented or otherwise modified from time to time.

                  "Permitted Investments" shall mean:

                  (a) direct obligations of, or guaranteed as to the full and
timely payment of principal and interest by, the United States or obligations of
any agency or instrumentality thereof, if such obligations are backed by the
full faith and credit of the United States;

                  (b) federal funds, certificates of deposit, time deposits and
bankers' acceptances (which shall each have an original maturity of not more
than ninety (90) days and, in the case of bankers' acceptances, shall in no
event have an original maturity of more than 365 days) of any United States
depository institution or trust company organized under the laws of the United
States or any state and subject to supervision and examination by federal and or
state banking authorities; provided, that the short-term obligations of such
depository institution or trust company are rated in one of the two highest
available rating categories by the Rating Agencies;

                  (c) commercial paper (having original maturities of not more
than thirty (30) days) of any corporation incorporated under the laws of the
United States or any state thereof which on the date of the acquisition are
rated A-1 or better by S&P and P-1 by Moody's;

                  (d) securities of money market funds rated AAm or better by
S&P and Aa or better by Moody's; and

                  (e) repurchase obligations secured by an investment described
in clause (a) above with a market value greater than the repurchase obligation,
provided that such security is held by a third party custodian which has a
rating for its short-term, unsecured debt or commercial paper (other than such
obligations the rating of which is based on the credit of a Person other than
such custodian) of P-1 by Moody's and at least A-1 by S&P.

                  "Permitted Liens" means any of the following:

                  (a) Liens for taxes and assessments (i) which are not yet due
         and payable or (ii) the validity of which are being contested in good
         faith by appropriate proceedings and with respect to which the Seller
         is maintaining adequate reserves in accordance with generally accepted
         accounting principles;

                  (b) Liens in favor of the Program Agent or the Purchasers,
         including any Liquidity Providers (but only in connection with this
         Agreement);

                  (c) Liens related to storage, work, labor, usage or other
         liens of like general nature incurred in the ordinary course of
         business and not in connection with the borrowing of money, provided,
         in each case, the obligation secured is not overdue or, if overdue, is

                                       17
<PAGE>
         being contested in good faith by appropriate actions or proceedings the
         effect of which is to stay the enforcement of any such Lien;

                  (d) Liens in favor of the Seller arising pursuant to the Sale
         Agreement; and

                  (e) imperfections in title or Liens arising by operation of
         law not material in amount and which, individually or in the aggregate,
         do not materially interfere with the rights hereunder of any Purchaser
         or the Program Agent in the Receivables Assets.

                  "Person" means an individual, partnership, corporation
(including a business trust), joint stock company, limited liability company,
trust, unincorporated association, joint venture, Governmental Authority or
other entity.

                  "Plan" means any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA of Section
412 of the IRC of Section 302 of ERISA, and in respect of which ATTWS or any of
its ERISA Affiliates is (or, if such plan were terminated, would under Section
4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5) of
ERISA.

                  "Program Agent" means CNAI, in its capacity as agent for the
Purchasers, together with its successors and permitted assigns.

                  "Program Fee" has the meaning set forth in the Fee Letter.

                  "Purchase" means a purchase by a Purchaser of an undivided
percentage ownership interest in the Receivables Assets from the Seller pursuant
to Section 2.01 and Section 2.02.

                  "Purchase Group" means any Managing Agent and its related
Conduit Purchasers and Committed Purchasers.

                  "Purchase Limit" means at any time $1,200,000,000, adjusted as
necessary to give effect to the application of any Joinder Agreement; provided,
however, that at all times on and after the Termination Date, the "Purchase
Limit" shall mean the aggregate outstanding Capital.

                  "Purchase Price" has the meaning given such term in Section
2.02(d).

                  "Purchase Request" has the meaning given such term in Section
2.02(b).

                  "Purchased Interest" means the undivided percentage ownership
interest of a Purchaser in the Receivables Assets, including the Transferred
Receivables and the Related Security and Collections related thereto. The
Purchased Interest of any Purchaser is expressed as a fraction of the total
Receivables Assets, and shall at any time be equal to such Purchaser's Ratable
Share of an amount computed as follows:

                                     C + RR
                                     ------
                                      NRPB

                                       18
<PAGE>
                  where:

                  C    =  The outstanding amount of Capital of all Purchasers
                          at such time

                  RR   =  The Required Reserves at such time.

                  NRPB =  The Net Receivables Pool Balance at such time

provided, that (x) during any Voluntary Liquidation Period or (y) from and after
the Termination Date, the Purchased Interest of each Purchaser shall be the
Purchased Interest of such Purchaser as calculated on the Business Day
immediately preceding the commencement of such Voluntary Liquidation Period or
the Termination Date, as the case may be.

                  "Purchaser" means any Conduit Purchaser or Committed
Purchaser, as applicable, and "Purchasers" means, collectively, the Conduit
Purchasers and the Committed Purchasers.

                  "Purchaser Rate" means, for any Settlement Period (i) with
respect to a Committed Purchaser, a rate equal to the Assignee Rate for such
Settlement Period, and (ii) with respect to a Conduit Purchaser, (x) its CP Rate
or (y) a rate equal to the Assignee Rate for such Settlement Period if at any
time and for any reason whatsoever, (1) such Conduit Purchaser shall not fund
Purchases or maintain Capital during such Settlement Period through the issuance
of CP Notes in the United States commercial paper market, (2) the Program Agent
shall have required that Payment Dates occur more frequently than monthly (or
more frequently than weekly, during a Level 2 Downgrade Period) pursuant to the
proviso in the definition of "Payment Date" or (3) such Conduit Purchaser shall
have assigned Capital to a Liquidity Provider or to any other permitted assignee
(other than a Conduit Purchaser) pursuant to Section 10.04.

                  "Ratable Share" means, at any time with respect to any
Purchaser, the amount of such Purchaser's Capital at such time divided by the
aggregate amount of Capital of all Purchasers at such time.

                  "Rate Variance Factor" means (i) 1.2, or (ii) that number
which reflects the potential variance in one month LIBO Rates as notified by the
Program Agent to the Servicer from time to time.

                  "Rating Agencies" means both of S&P and Moody's or their
respective successors.

                  "Ratings Downgrade Period" means either a Level 1 Ratings
Downgrade Period or a Level 2 Ratings Downgrade Period, as applicable.

                  "Receivable" means all indebtedness of an Obligor, other than
any Excluded Receivable, arising under a Contract, whether billed or unbilled,
from the provision of services by ATTWS or any Originator, including all
interest, finance charges, sales taxes and other taxes with respect thereto, and
including, without limitation, 100% of the amount invoiced to any Obligor after
the Termination Date if any portion of the services covered by such invoice was
provided on or prior to the Termination Date.

                                       19
<PAGE>
                  "Receivables Assets" means, at any time, all then outstanding
Transferred Receivables, Related Security with respect to such Transferred
Receivables, the Lock-Box Accounts, all right, title and interest of the Seller
in, to and under the Sale Agreement and all other proceeds of the foregoing,
including, without limitation, all Collections of Transferred Receivables.

                  "Records" means all agreements, documents, instruments, books,
records and other information (including, without limitation, computer programs,
tapes, discs, punch cards, data processing software and related property and
rights) maintained by or on behalf of the Seller or the Servicer with respect to
the Transferred Receivables, the related Obligors and the Related Security.

                  "Reinvestment Purchase" has the meaning assigned to that term
in Section 2.02(a).

                  "Related Security" means, with respect to any Transferred
Receivable: (i) all security interests or liens and property subject thereto
from time to time purporting to secure payment of such Transferred Receivable,
whether pursuant to the related Contract or otherwise, (ii) all UCC financing
statements or other filings covering any collateral securing payment of such
Transferred Receivable, (iii) all guarantees, prepayment penalties, indemnities,
warranties, letters of credit, insurance policies and proceeds and premium
refunds thereof and other agreements or arrangements of whatever character from
time to time supporting or securing payment of such Transferred Receivable
whether pursuant to the related Contract or otherwise, (iv) all amounts due from
credit card companies which arose from the payment of a Transferred Receivable
by charging the amount thereof to a credit card, (v) all Records related to such
Transferred Receivable and (vi) all proceeds of the foregoing.

                  "Required Receivables Balance" means, at any time, an amount
equal to the sum of (a) the aggregate Capital at such time, plus (b) the
Required Reserves at such time, minus (c) the amounts on deposit in the
Collection Account at such time if any such amounts have been deposited into the
Collection Account in accordance with the proviso of Section 2.04(c)(ii);
provided, however, that during a Voluntary Liquidation Period or during a Level
2 Ratings Downgrade Period, "Required Receivables Balance" shall mean the amount
calculated as set forth above multiplied by 1.0417.

                  "Required Reserves" means, at any time, the sum of the Loss
Reserve, the Yield and Fee Reserve, and the Dilution Reserve at such time.

                  "Responsible Officer" means, with respect to any Person, the
chief executive officer, the president, the chief financial officer or the
treasurer of such Person, any other officer having substantially the same
authority and responsibility.

                  "S&P" means Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.

                                       20
<PAGE>
                  "Sale Agreement" means that certain Receivables Sale Agreement
dated as of the date hereof, entered into between the Originators and the
Seller, as amended, restated, supplemented or otherwise modified from time to
time.

                  "Sales" means, with respect to any Monthly Period, the sum of
activation revenue, monthly service fees, billed usage revenue,
feature/voicemail revenue, incorrect airtime, home toll revenue, cancellation
fees, other service revenue and late charges for each of the Originators during
such Monthly Period.

                  "Scheduled Termination Date" means, (i) with respect to the
Committed Purchasers' Commitments hereunder, February 28, 2003, unless such date
is extended with the consent of the parties hereto and (ii) with respect to the
Conduit Purchasers, the earlier of (x) February 28, 2005, unless such date is
extended with the consent of the parties hereto and (y) the scheduled
termination of the commitments of the Liquidity Providers to the Conduit
Purchasers with respect to this Agreement.

                  "Seller" means Sierra Nevada Wireless Receivables Corporation,
a Delaware corporation, in its capacity as Seller hereunder, together with its
successors and permitted assigns.

                  "Servicer" means at any time AWS Nevada, or such other
Person(s) then authorized pursuant to Section 6.01 to service, administer, bill
and collect Transferred Receivables.

                  "Servicer Default" means the occurrence of any of the
following with respect to the Servicer:

                  (a) the Servicer shall fail to make any payment or deposit
         required to be made by it hereunder when due; or

                  (b) the Servicer shall fail to perform or observe any other
         term, covenant or agreement contained in this Agreement or any other
         Facility Document on its part to be performed or observed and such
         failure remains unremedied for ten (10) days; or

                  (c) any representation or warranty made or deemed to be made
         by the Servicer under this Agreement, any Investor Report, any Weekly
         Report or any Purchase Request shall prove to have been false or
         incorrect in any material respect when made; or

                  (d) (i) the Servicer shall admit in writing its inability to
         pay its debts generally, or shall make a general assignment for the
         benefit of creditors; or any proceeding shall be instituted by or
         against the Servicer seeking to adjudicate it as bankrupt or insolvent,
         or seeking liquidation, winding up, reorganization, arrangement,
         adjustment, protection, relief, or composition of it or its debts under
         any law relating to bankruptcy, insolvency or reorganization or relief
         of debtors, or seeking the entry of an order for relief or the
         appointment of a receiver, trustee, or other similar official for it or
         for any substantial part of its property which proceeding has not been
         dismissed or stayed within thirty (30) days;

                                       21
<PAGE>
         or (ii) the Servicer shall take any corporate action to authorize any
         of the actions set forth in clause (i) above in this paragraph (d);

                  (e) the Servicer shall cease to be wholly owned, directly or
         indirectly, by ATTWS; or

                  (f) an Event of Termination shall occur.

                  "Servicer Fee" means a fee with respect to each Settlement
Period, payable in arrears on the next succeeding Payment Date for the account
of the Servicer, in an amount equal to the product of (i) the aggregate
Outstanding Balances of all Transferred Receivables as of the last day of such
Settlement Period, (ii) the per annum rate of one quarter of one percent (.25%)
and (iii) a fraction equal to the number of actual days elapsed in such
Settlement Period divided by 360; provided, that if the Servicer is not ATTWS or
an Affiliate of ATTWS, the Servicer Fee shall be the greater of the foregoing
amount and 110% of the reasonable costs and expenses of servicing the
Receivables Assets.

                  "Settlement Period" means (i) other than during a Level 2
Ratings Downgrade Period, a period equal to one (1) calendar month, and (ii)
during a Level 2 Ratings Downgrade Period, a period equal to one (1) calendar
week; provided however, that the first Settlement Period shall commence on the
Effective Date and terminate on the last day of the calendar month in which such
Settlement Period commenced; provided, further, that when used with respect to
any Settlement Period for which the Purchaser Rate is based on the LIBO Rate,
"Settlement Period" shall mean any one-month period commencing on the second
Business Day after such LIBO Rate is set; provided, further, that the Program
Agent may, in its discretion, select any period or periods of time as Settlement
Periods following the occurrence and during the continuance of an Event of
Termination or during a Voluntary Liquidation Period.

                  "Special Concentration Limit" has the meaning assigned to that
term in the definition of "Concentration Limit."

                  "Subordinated Note" means each of those certain Subordinated
Notes dated as of the date hereof, executed by the Seller in favor of each
Originator pursuant to the Sale Agreement, as amended, restated, supplemented or
otherwise modified from time to time.

                  "Subsidiary" means, as to any Person, any corporation or other
entity of which securities or other ownership interests having ordinary voting
power to elect a majority of the Board of Directors or other Persons performing
similar functions are at the time directly or indirectly owned by such Person.

                  "Termination Date" means the earliest to occur of (i) the
Scheduled Termination Date, (ii) the declaration or automatic occurrence of the
Termination Date pursuant to Section 7.01, and (iii) that Business Day which the
Seller designates as the Termination Date by notice to the Program Agent at
least ten (10) Business Days prior to such Business Day.

                                       22
<PAGE>
                  "Transferred Receivable" means each Receivable in which an
interest has been transferred or purported to be transferred to the Seller by an
Originator pursuant to the Sale Agreement.

                  "UCC" means the Uniform Commercial Code as from time to time
in effect in the applicable jurisdiction.

                  "Unbilled Receivables" means the amount due from an Obligor
for services delivered or performed for such Obligor under the terms of a
contract with respect to which an invoice has not been submitted to the Obligor
for payment of the amount thereof.

                  "Voluntary Liquidation Notice" has the meaning assigned to
that term in Section 2.13(a).

                  "Voluntary Liquidation Period" has the meaning assigned to
that term in Section 2.13(a).

                  "Weekly Report" means a report furnished by the Servicer to
the Managing Agents pursuant to Section 5.04(b)(vi), in substantially the form
of Exhibit C-2, reflecting information as of the Business Day five (5) Business
Days immediately preceding the Weekly Reporting Date on which such report is
delivered.

                  "Weekly Reporting Date" means each Tuesday or, if such day is
not a Business Day, the next succeeding Business Day.

                  "Withdrawal Liability" means liability to a Multiemployer Plan
as a result of a complete or partial withdrawal from such Multiemployer Plan, as
such terms are defined in Part I of Subtitle E of Title IV of ERISA.

         "Yield" means, for any Settlement Period for any Purchased Interest, an
amount equal to:

                             (PR x C x ED/360) + AY

where:

         PR  = the weighted average daily (calculated as a function of not only
               the interest rate but also the amount of Capital allocated to
               such interest rate) Purchaser Rate for such Settlement Period
               with respect to such Purchased Interest.

         C   = the average daily outstanding Capital of such Purchased Interest
               during such Settlement Period.

         ED =  the actual number of days elapsed during such Settlement Period.

         AY =  any Additional Yield accruing during such Settlement Period.

                                       23
<PAGE>
 "Yield" with respect to all Purchaser Interests is the aggregate Yield for each
Purchaser Interest.

                  "Yield and Fee Reserve" means, as of any date of
determination, an amount equal to the sum of (i) Liquidation Yield, (ii) accrued
and unpaid Yield, (iii) accrued and unpaid Program Fees, Liquidity Fees and
Other Fees, and (iv) accrued and unpaid Servicer Fees.

         SECTION 1.02. Other Terms and Constructions. Under this Agreement, all
accounting terms not specifically defined herein shall be construed in
accordance with generally accepted accounting principles as in effect in the
United States, and all accounting determinations made and all financial
statements prepared hereunder shall be made and prepared in accordance with
generally accepted accounting principles. All terms used in Article 9 of the UCC
in the State of New York, and not specifically defined herein, are used herein
as defined in such Article 9. The words "herein," "hereof," and "hereunder" and
other words of similar import refer to this Agreement as a whole, including the
exhibits and schedules hereto, as the same may from time to time be amended or
supplemented and not to any particular section, subsection, or clause contained
in this Agreement, and all references to Sections, Exhibits and Schedules shall
mean, unless the context clearly indicates otherwise, the Sections hereof and
the Exhibits and Schedules attached hereto, the terms of which Exhibits and
Schedules are hereby incorporated into this Agreement. The captions and section
numbers appearing in this Agreement are inserted only as a matter of convenience
and do not define, limit, construe or describe the scope or intent of the
provisions of this Agreement. Each of the definitions set forth in Section 1.01
hereof shall be equally applicable to both the singular and plural forms of the
defined terms. Unless specifically stated otherwise, all references herein to
any agreements, documents or instruments shall be references to the same as
amended, restated, supplemented or otherwise modified from time to time.

         SECTION 1.03. Computation of Time Periods. Unless otherwise stated in
this Agreement, in the computation of a period of time from a specified date to
a later specified date, the word "from" means "from and including" and the words
"to" and "until" each means "to but excluding."

                                   ARTICLE II
                       AMOUNTS AND TERMS OF THE PURCHASES

         SECTION 2.01. The Purchase Facility.

         (a) Upon the terms and subject to the conditions set forth in this
Agreement, from the Effective Date through the Business Day immediately
preceding the Termination Date, the Seller at its discretion agrees to sell to
the Program Agent, for the benefit of the Purchasers, undivided percentage
ownership interests in the Receivables Assets (ratably based upon their Group
Purchase Limits), and each Conduit Purchaser may, in its sole discretion,
instruct its related Managing Agent to purchase such undivided percentage
ownership interests on its behalf through the Program Agent, and if any Conduit
Purchaser in a Purchase Group declines to so purchase, each Committed Purchaser
in the related Purchase Group, shall purchase such undivided percentage
ownership interests through the Program Agent ratably in accordance with

                                       24
<PAGE>
their respective Committed Purchaser Percentages. Notwithstanding any contrary
provisions contained herein, Receivables Capital Corporation will not make any
Purchase hereunder on any Business Day which occurs five (5) or fewer Business
Days immediately prior to the termination of the Asset Purchase Agreement among
Receivables Capital Corporation and its related Liquidity Providers.

         (b) The Seller may, upon at least five (5) days' notice to the Program
Agent and the Managing Agents, terminate in whole or reduce in part the unused
portion of the Purchase Limit; provided that each partial reduction of the
Purchase Limit shall be in an amount equal to $5,000,000 or an integral multiple
of $1,000,000 in excess thereof. Any such reduction shall be allocated to each
Purchase Group ratably based on their Group Purchase Limits (unless otherwise
agreed to by the Program Agent, the Managing Agents, and the Seller) and shall
effect a corresponding ratable reduction in each Group Purchase Limit, and such
allocation to any Purchase Group shall be further allocated to each Committed
Purchaser in such Purchase Group ratably in accordance with their respective
Committed Purchaser Percentages (unless otherwise agreed to by such Committed
Purchasers).

         (c) The Purchasers, the Managing Agents and the Program Agent agree the
Seller shall be entitled to repurchase, in full or in part, the Purchasers'
Purchased Interests designated by the Seller with the result that the aggregate
Capital of the Purchased Interests shall be reduced by the amount of such
repurchase ratably among the Purchasers based upon outstanding Capital. Any such
repurchase shall occur on a Capital Payment Date and shall require the Seller to
notify the Program Agent and each of the Managing Agents in writing, (i) at
least three (3) Business Days in advance if the requested repurchase is
$300,000,000 or less and (ii) at least ten (10) Business Days in advance if the
requested repurchase is more than $300,000,000; provided, however, that no such
notice shall be required in connection with any reduction in Capital pursuant to
Section 2.02(c), Section 2.04(e)(iv), Section 2.04(f)(ii) or Section 2.04(g)(i).
The purchase price in respect thereof shall be an amount equal to the sum of (A)
the Capital of the Purchased Interests repurchased at such time, (B) all accrued
and unpaid Yield with respect to such Capital at such time, (C) if such
repurchase occurs on any date other than a Payment Date, the related Breakage
Amount, (D) in the case of a repurchase of all aggregate Capital so that the
Purchased Interest is reduced to zero, all accrued and unpaid Program Fees,
Other Fees, Servicer Fees (if the Servicer is not ATTWS or an Affiliate of
ATTWS) and all other amounts, other than Liquidity Fees, which may be owing to
the Program Agent, the Managing Agents, the Purchasers and the Liquidity
Providers hereunder or pursuant to any of the Facility Documents at such time,
and (E) in the case of a repurchase of all aggregate Capital so that the
Purchased Interest is reduced to zero in connection with the termination of this
Agreement, all accrued and unpaid Liquidity Fees at such time. Such purchase
price shall be payable in immediately available funds, and such repurchase shall
be without representation, warranty or recourse of any kind by, on the part of,
or against any Purchaser, any Managing Agent or the Program Agent. No reduction
of Capital to zero pursuant to this Section 2.01(c), shall affect the rights and
obligations of the parties hereto other than as specifically set forth in this
Agreement.

         (d) For the purpose of obtaining a valid and perfected first priority
ownership interest or security interest in each Transferred Receivable and in
the Related Security, Collections and other Receivables Assets with respect
thereto: (i) this Agreement is intended to constitute a

                                       25
<PAGE>
security agreement under the UCC; (ii) the Seller hereby grants to the Program
Agent a security interest in the Receivables Assets to secure Capital, Yield and
all other amounts payable to the Affected Parties pursuant to this Agreement or
any other Facility Document; and (iii) each Purchaser hereby appoints the
Program Agent as its representative with respect to the acquisition of Purchased
Interests and to be the named secured party on all financing statements filed on
behalf of the Purchasers.

         SECTION 2.02. Making the Purchases.

         (a) Types of Purchases. Each purchase of undivided percentage ownership
interests in the Receivables Assets by the Program Agent on behalf of the
Purchasers hereunder shall consist of either (i) a purchase made by the Program
Agent on behalf of the applicable Purchasers with new funds provided by such
Purchasers (each, a "Capital Purchase") or (ii) a purchase made by the Program
Agent on behalf of the applicable Purchasers in consideration for the
allocations made in accordance with Section 2.04 (each, a "Reinvestment
Purchase"). The first purchase hereunder shall be a Capital Purchase.

         (b) Capital Purchases. The Seller shall provide each of the Managing
Agents with a purchase notice, in the form of Exhibit B (each a "Purchase
Request"), no later than 3:00 p.m. (New York time) at least three (3) Business
Days prior to each Capital Purchase. Each Purchase Request shall, except as set
forth below, be irrevocable and shall specify the requested Purchase Price (not
to be less than $5,000,000) and date of purchase (which shall be a Business
Day). Each Purchase Group shall fund each Capital Purchase ratably based on the
respective Funding Percentage of such Purchase Group. The Conduit Purchasers of
each Purchase Group may, in their discretion, fund the Purchase Group's Funding
Percentage of such Capital Purchase (such amount of the Capital Purchase
allocated to such Purchase Group being referred to as the "Funding Amount") and
the Managing Agent of each Purchase Group shall allocate the portions of the
Funding Amount, if any, to be funded by each such Conduit Purchaser in its sole
discretion; provided that no Conduit Purchaser shall fund any portion of a
Capital Purchase if, after giving effect thereto, the aggregate Capital of its
Purchased Interest would exceed its Conduit Purchase Limit. In the event that
the Conduit Purchasers of any Purchase Group elect not to fund the Funding
Amount, then the Committed Purchasers in such Purchase Group shall, subject to
the terms and conditions of this Agreement including without limitation Section
3.03, fund such Funding Amount (or the unfunded portion thereof) ratably based
on the respective Committed Purchaser Percentages of such Committed Purchasers;
provided that (i) no Committed Purchaser shall be required to fund any portion
of a Capital Purchase if, after giving effect thereto, the aggregate Capital of
its Purchased Interest would exceed its Commitment, and (ii) no Purchaser shall
be required to fund any portion of a Capital Purchase if, after giving effect
thereto, the aggregate Capital of the Purchased Interests of all Purchasers in
its Purchase Group would exceed the Group Purchase Limit of its Purchase Group.
Each applicable Purchaser shall transfer the portion of such Capital Purchase to
be funded by it in immediately available funds to the account and on the date of
Capital Purchase specified in the related Purchase Request.

         (c) Reinvestment Purchases. Except during a Voluntary Liquidation
Period or any period during which Capital has been reduced to zero, on each
Business Day until the Termination Date, each Purchaser shall be automatically
deemed to have made a Reinvestment

                                       26
<PAGE>
Purchase unless, with respect to a Conduit Purchaser, the Managing Agent shall
have notified the Seller, the Servicer and the Program Agent that such Conduit
Purchaser shall not make such Reinvestment Purchase for any reason. If the
Managing Agent provides such notice, the Collections allocated to the Capital of
such Conduit Purchaser on such Business Day pursuant to Section 2.04 shall be
applied in reduction of such Conduit Purchaser's Capital in accordance with such
Section but without requiring, for the purposes of this Section 2.02(c), the
advance notice to be otherwise provided by the Seller to the Managing Agents
pursuant to Section 2.01(c). The Seller may, on the day it receives such notice,
request that the related Committed Purchasers fund the amount of such
Reinvestment Purchase as a Capital Purchase by notice to the Program Agent and
the Managing Agents in accordance with Section 2.02(b) but without requiring,
for the purposes of this Section 2.02(c), the advance notice to be otherwise
provided by the Seller to the Managing Agents pursuant to Section 2.02(b).

         (d) Purchase Price. The purchase price (the "Purchase Price") (i) with
respect to a Capital Purchase shall be equal to the amount requested by the
Seller to be paid by the applicable Purchasers pursuant to Section 2.02(a) and
(ii) with respect to a Reinvestment Purchase shall be equal to the amount of
Collections allocated to the Capital of the Purchasers on the date of such
Reinvestment Purchase pursuant to Section 2.04. The Purchase Price for a Capital
Purchase may in no event be greater than the excess, if any, of (1) the lesser
of the Purchase Limit and the Adjusted Net Receivables Pool Balance on the date
of such Purchase, over (2) the aggregate amount of outstanding Capital (before
giving effect to such Purchase).

         (e) Several Nature of the Obligations. The Commitments of the Committed
Purchasers hereunder are several and not joint. The failure of any Committed
Purchaser to make any Purchase required to be made by it in accordance with
Section 2.02(b) shall not relieve any other Committed Purchaser of its
obligation, if any, hereunder to make any payment required of it on such day or
on any later date, but no Committed Purchaser shall be responsible for the
failure of any other Committed Purchaser to make any Purchase or other payment
required hereunder to be made by such other Committed Purchaser.

         SECTION 2.03. Yield and Fees. Yield shall accrue on the outstanding
Capital of a Purchased Interest on each day during a Settlement Period at the
applicable Purchaser Rate. On each Payment Date, the Seller shall pay to each
Managing Agent, for the account of the related Purchasers, an amount equal to
accrued and unpaid Yield for such Purchased Interest(s) and, Liquidity Fees,
Program Fees and, if applicable, Other Fees with respect to the immediately
preceding Settlement Period from Collections in accordance with Section 2.04.

         SECTION 2.04. Settlement Procedures.

         (a) Deemed Collections. If on any day the Outstanding Balance of any
Transferred Receivable is either reduced or canceled as a result of a Dilution
Factor, the Seller shall be deemed to have received on such day, an amount equal
to the amount of such reduction, or in the case of a cancellation, the
Outstanding Balance of such Diluted Receivable. If the Seller is on any day
deemed to have received Collections pursuant to this Section 2.04(a), the Seller
shall pay an amount of funds equal to such deemed Collections to the Servicer
for allocation and application in accordance with this Section 2.04.

                                       27
<PAGE>
         (b) Daily Allocation of Collections. On each Business Day during a
Settlement Period, the Servicer shall determine the Collections received on such
day and shall allocate such Collections in the following manner:

                  (i) first, set aside and hold in trust for the benefit of the
         Purchasers, an amount equal to the product of (x) the aggregate of the
         Purchased Interests (expressed as a percentage), and (y) the amount of
         such Collections on such day, which amount shall be applied by the
         Servicer in accordance with Section 2.04(c) below; and

                  (ii) second, pay the balance of such Collections to the
         Seller.

         (c) Daily Application of Collections. The Servicer shall apply the
Collections allocated pursuant to Section 2.04(b)(i) in the following order of
priority:

                  (i) first, prior to the Termination Date, at any time that a
         Voluntary Liquidation Period is not in effect, if a Reinvestment
         Purchase is to be made on such day in accordance with Section 2.02(c)
         hereof, to the Seller in the amount of such Reinvestment Purchase;

                  (ii) second, if and to the extent Collections are not applied
         in accordance with clause (i) of this Section 2.04(c), the Servicer
         shall set aside and hold such Collections in trust for the benefit of
         the Purchasers; provided, however, that if (A) an Event of Termination
         has occurred and is continuing or a Voluntary Liquidation Period is in
         effect, and (B) the Collection Account has been established by the
         Program Agent, the Servicer shall deposit such Collections to the
         Collection Account.

         (d) Application of Funds on Payment Dates Prior to the Termination
Date. By 2:00 p.m., New York City time, on each Payment Date which is prior to
the Termination Date and does not occur during a Voluntary Liquidation Period,
funds held by the Servicer shall be distributed in the following order of
priority:

                  (i) first, ratably to the Purchasers in payment of all accrued
         and unpaid Yield;

                  (ii) second, to the relevant Affected Parties (or the
         Servicer, as the case may be) in payment of the following amounts in
         the following order: all accrued and unpaid (1) Liquidity Fees, (2)
         Program Fees, (3) Other Fees and (4) Servicer Fees;

                  (iii) third, the remaining balance shall be released to the
         Servicer for application in accordance with Section 2.04(c).

         (e) Application of Collections on Payment Dates During a Voluntary
Liquidation Period or Following the Termination Date. By 2:00 p.m., New York
City time, on each Payment Date during a Voluntary Liquidation Period or on and
after the Termination Date, the Servicer shall apply all Collections received by
or on behalf of the Seller in the following order of priority; provided,
however, that if the Collection Account has been established, the Servicer

                                       28
<PAGE>
shall remit all Collections received by or on behalf of the Seller to the
Collection Account and, on each Payment Date, the Program Agent shall apply all
such Collections in the following order of priority:

                  (i) first, ratably to the Purchasers in payment of all accrued
         and unpaid Yield;

                  (ii) second, if the Servicer is not ATTWS or an Affiliate of
         ATTWS, to the Servicer in payment of accrued and unpaid Servicer Fee;

                  (iii) third, (A) during a Voluntary Liquidation Period prior
         to the Termination Date, ratably to the Purchasers in payment of all
         accrued and unpaid (1) Program Fees and (2) if such Payment Date is
         also the third (3rd) Business Day of the Monthly Period, Liquidity
         Fees; or (B) from and after the Termination Date, ratably to the
         Purchasers in payment of the following amounts in the following order:
         all accrued and unpaid (1) Liquidity Fees and (2) Program Fees;

                  (iv) fourth, if such Payment Date is also a Capital Payment
         Date, ratably to the Managing Agents, for the benefit of the Purchasers
         in their respective Purchase Groups, based on their respective Group
         Purchase Limits, in payment of outstanding Capital until Capital is
         reduced to zero;

                  (v) fifth, to the relevant Affected Parties in payment of
         accrued and unpaid Other Fees;

                  (vi) sixth, if the Servicer is ATTWS or an Affiliate of ATTWS,
         to the Servicer in payment of accrued and unpaid Servicer Fee; and

                  (vii) seventh, following reduction of outstanding Capital to
         zero during a Voluntary Liquidation Period or the Final Collection
         Date, as applicable, the balance to the Seller.

         (f) Application of Funds on Capital Payment Dates Prior to the
Termination Date. By 2:00 p.m., New York City time, on each Capital Payment Date
prior to the Termination Date and when no Voluntary Liquidation Period is in
effect, funds held by the Servicer shall be distributed in the following order
of priority:

                  (i) first, ratably to the Managing Agents, for the benefit of
         the Purchasers in their respective Purchase Groups, based on the
         respective aggregate outstanding Capital of the Purchase Groups, in
         payment of an amount equal to the excess (if any) of the Required
         Receivables Balance over the Net Receivables Pool Balance as of the
         last day of the immediately preceding Settlement Period;

                  (ii) second, to each Conduit Purchaser not making a
         Reinvestment Purchase that portion of remaining funds ratably allocable
         to such Conduit Purchaser based upon its Conduit Purchase Limit until
         its Capital is reduced to zero; and

                                       29
<PAGE>
                  (iii) third, the remaining balance shall be released to the
         Servicer for application in accordance with Section 2.04(c).

         (g) Application of Funds on Capital Payment Dates During a Voluntary
Liquidation Period or Following the Termination Date. By 2:00 p.m., New York
City time, on each Capital Payment Date during a Voluntary Liquidation Period or
on or after the Termination Date, funds held by the Servicer shall be
distributed in the following order of priority; provided, however, that if the
Collection Account has been established during a Voluntary Liquidation Period or
after the Termination Date, the Servicer shall remit all Collections received by
or on behalf of the Seller to the Collection Account and, on each Capital
Payment Date, the Program Agent shall apply all such Collections in the
following order of priority:

                  (i) first, ratably to the Managing Agents, for the benefit of
         the Purchasers in their respective Purchase Groups, based on the
         aggregate outstanding Capital of the Purchase Groups, in payment of
         outstanding Capital until Capital is reduced to zero; and

                  (ii) second, following the reduction of outstanding Capital to
         zero during a Voluntary Liquidation Period or the Final Collection
         Date, as applicable, the balance to the Seller.

         (h) Application of Funds Remitted to Collection Account. On each
Business Day on which Collections are remitted to or deposited in the Collection
Account as the result of the exercise of the Program Agent's rights pursuant to
Section 6.03, the Program Agent shall distribute such funds from the Collection
Account in accordance with Section 2.04.

         (i) Allocation by Managing Agent. Amounts received by a Managing Agent
in respect of Capital of the Conduit Purchasers in its Purchase Group may be
allocated between such Conduit Purchasers by such Managing Agent in its sole
discretion.

         SECTION 2.05. Payments and Computations, Etc. All amounts to be paid or
deposited by the Seller or the Servicer hereunder shall be paid or deposited in
accordance with the terms hereof no later than 2:00 p.m. (New York City time) on
the day when due in lawful money of the United States of America in immediately
available funds to such account as the Program Agent or the relevant Managing
Agents may designate from time to time in writing. The Seller and the Servicer
shall, to the extent permitted by law, pay to the Affected Party interest on all
amounts not paid or deposited or debited by such Person when due hereunder at 2%
per annum above the Base Rate, payable on demand. All computations of interest
and all computations of Yield, Liquidity Fees, Program Fees and Servicer Fees
hereunder shall be made on the basis of a year of 360 days (or in the case of
calculations using the Base Rate 365/366 days) for the actual number of days
(including the first but excluding the last day) elapsed. In no event shall any
provision of this Agreement require the payment or permit the collection of
Yield or interest in excess of the maximum permitted by applicable law. In the
event that any payment hereunder (whether constituting a payment of Capital,
Yield or any other amount) is rescinded or must otherwise be returned for any
reason, the amount of such payment shall be restored and such payment shall be
considered not to have been made.

                                       30
<PAGE>
         SECTION 2.06. Additional Yield. To the extent Yield is calculated
during any Settlement Period by reference to the LIBO Rate, the Seller shall pay
to the Affected Party (without duplication of amounts otherwise payable
hereunder), so long as such Affected Party shall be required under regulations
of the Board of Governors of the Federal Reserve System to maintain reserves
with respect to liabilities or assets consisting of or including Eurocurrency
Liabilities, additional Yield ("Additional Yield") on outstanding Capital for
each day during such Settlement Period, at a rate per annum equal at all times
to the remainder obtained by subtracting (i) the LIBO Rate of such Settlement
Period from (ii) the rate obtained by dividing such LIBO Rate by the percentage
equal to 100% minus the Eurodollar Reserve Percentage for such Settlement
Period.

         SECTION 2.07. Yield Protection. If due to either: (i) the introduction
of or any change (including, without limitation, any change by way of imposition
or increase of reserve requirements) in or in the interpretation by any
Governmental Authority of any law or regulation (other than laws or regulations
relating to taxes) after the date hereof or (ii) the compliance by any
Purchaser, any Liquidity Provider, the Program Agent or any Managing Agent with
any guideline or request from any central bank or other Governmental Authority
(whether or not having the force of law) imposed after the date hereof, (1)
there shall be an increase in the cost to such Purchaser or such Liquidity
Provider of accepting, funding or maintaining any Purchase hereunder or of
extending a commitment in respect thereof, or (2) such Purchaser or such
Liquidity Provider shall be required to make a payment calculated by reference
to the Purchased Interests purchased by it or Yield received by it, then the
Seller shall, from time to time, upon demand by the related Managing Agent, pay
such Managing Agent for the account of such Purchaser or such Liquidity Provider
(as a third party beneficiary, in the case of any Affected Party other than one
of the Purchasers), that portion of such increased costs incurred, amounts not
received or required payment made or to be made, which such Managing Agent
reasonably determines is attributable to accepting, funding and maintaining, or
extending a commitment to make, any Purchase hereunder or pursuant to any Asset
Purchase Agreement or similar liquidity facility. In determining such amount,
such Managing Agent may use any reasonable averaging and attribution methods.
The applicable Purchaser or the applicable Liquidity Provider shall submit to
the Seller a certificate describing such increased costs incurred, amounts not
received or receivable or required payment made or to be made, which certificate
shall, in the absence of manifest error, be conclusive and binding for all
purposes and shall state that substantially all similarly situated obligors of
such Purchaser or Liquidity Provider are being treated similarly.

         SECTION 2.08. Increased Capital.

         (a) If either (i) the introduction of or any change in or in the
interpretation by any Governmental Authority of any law or regulation or (ii)
compliance by any Affected Party with any guideline or request from any central
bank or other Governmental Authority (whether or not having the force of law)
imposed after the date hereof affects or would affect the amount of capital
required or expected to be maintained by such Affected Party or such Affected
Party determines that the amount of such capital is increased by or based upon
the existence of any Purchaser's agreement, in its discretion, to make or
maintain Purchases hereunder and other similar agreements or facilities, then,
upon demand by such Affected Party or the related Managing Agent, the Seller
shall immediately pay to such Affected Party (as a third party

                                       31
<PAGE>
beneficiary, in the case of any Affected Party other than one of the Purchasers)
or the related Managing Agent for the account of such Affected Party from time
to time, as specified by such Affected Party or such Managing Agent, additional
amounts sufficient to compensate such Affected Party in light of such
circumstances, to the extent that such Affected Party or such Managing Agent on
behalf of such Affected Party determines such increase in capital to be
allocable to the existence of the applicable Purchaser's agreements hereunder. A
certificate as to such amounts submitted to the Seller by such Affected Party or
the Program Agent, shall, in the absence of manifest error, be conclusive and
binding for all purposes and shall state that substantially all similarly
situated obligors of such Purchaser or Liquidity Provider are being treated
similarly.

         (b) If any Affected Party shall incur any loss, cost or expense as a
result of the failure of any Capital Purchase to be made on the date specified
in the applicable Purchase Request for any reason (other than the failure of
such Affected Party to fund any such Capital Purchase), the Seller shall, upon
demand by such Affected Party or the related Managing Agent, pay such Affected
Party or such Managing Agent the amount of such losses, costs and expenses;
provided, however, if, in connection with an Asset Purchase Agreement or similar
liquidity facility of any Conduit Purchaser in connection with this Agreement or
the funding or maintenance of purchases of Purchased Interests hereunder, such
Conduit Purchaser is required to compensate a bank or other financial
institution under circumstances similar to those described in this Section 2.08
then upon demand by such Conduit Purchaser, the Seller shall pay to such Conduit
Purchaser such additional amount or amounts as may be necessary to reimburse
such Conduit Purchaser for any such amounts paid by it. Such Affected Party or
Managing Agent shall submit to the Seller a certificate as to such amounts,
which certificate shall, in the absence of manifest error, be conclusive and
binding for all purposes.

         SECTION 2.09. Taxes.

         (a) Except to the extent required by applicable law, any and all
payments and deposits required to be made hereunder or under any instrument
delivered hereunder by the Seller hereunder shall be made, in accordance with
Section 2.05, free and clear of and without deduction for any and all present or
future taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto (except for net income taxes that are imposed
by the United States and franchise taxes and net income taxes that are imposed
on such Affected Party by the state or foreign jurisdiction under the laws of
which such Affected Party is organized or in which it is otherwise doing
business or any political subdivision thereof). If the Seller or the Servicer
shall be required by law to make any such deduction, (i) the Seller shall make
an additional payment to such Affected Party, in an amount sufficient so that,
after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.09), such Affected Party receives
an amount equal to the sum it would have received had no such deductions been
made, (ii) the Seller or the Servicer, as the case may be, shall make such
deductions and (iii) the Seller or the Servicer, as the case may be, shall pay
the full amount deducted to the relevant taxation authority or other authority
in accordance with applicable law.

         (b) In addition, the Seller agrees to pay any present or future stamp
or other documentary taxes or any other excise or property taxes or similar
levies which arise from any

                                       32
<PAGE>
payment made hereunder or under any instrument delivered hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this
Agreement or any instrument delivered hereunder.

         (c) Each Affected Party which is not organized under the laws of the
United States or any State thereof shall, on or prior to the date that such
Affected Party becomes a party to or obtains rights under this Agreement, and
prior to any payment being made by the Seller to such Affected Party, deliver to
the Seller (i) two duly completed and executed copies of the IRS Form W-8 BEN or
W-8 ECI (or any successor form) as applicable; and (ii) such other forms or
certificates as may be required under the laws of any applicable jurisdiction
(on or before the date that any such form expires or becomes obsolete), in order
to permit the Seller to make payments to, and deposit funds to or for the
account of, such Affected Party hereunder and under the other Facility Documents
without any deduction or withholding for or on account of any tax. Each such
Affected Party shall submit to the Seller (with copies to the Program Agent) two
updated, completed, and duly executed versions of: (i) all forms referred to in
the previous sentence upon the expiry of, or the occurrence of any event
requiring a change in, the most recent form previously delivered by it to the
Seller or the substitution of such form; and (ii) such extensions or renewals
thereof as may reasonably be requested by the Seller.

         SECTION 2.10. Tax and Accounting Treatment. It is the intention of the
Seller, the Servicer, the Program Agent and the Purchasers that (i) any
outstanding Capital will be treated as indebtedness of the Seller to the
Purchasers secured by the Receivables Assets for all state, federal and local
tax purposes, and (ii) each Purchase hereunder will be treated as a loan for
accounting purposes (the "Intended Characterization"). Each of the Seller, the
Servicer, the Program Agent, the Managing Agents and the Purchasers, by entering
into this Agreement, agrees to report such transactions in a manner consistent
with the Intended Characterization.

         SECTION 2.11. Sale Agreement Rights. The Seller acknowledges that all
of the Seller's right, title and interest in, to and under the Sale Agreement
are part of the Receivables Assets. The Program Agent agrees that, without
limiting the provisions of Section 5.01(k) or Section 5.03(n), unless an Event
of Termination has occurred and is continuing, the Seller shall have the right
to enforce all of its rights and remedies under the Sale Agreement. The
assignment to the Program Agent pursuant to this Section 2.11 shall terminate
upon the Final Collection Date; provided, however, that the rights of the
Program Agent pursuant to such assignment with respect to rights and remedies in
connection with any indemnification or any breach of any representation,
warranty or covenant made by any Originator in the Sale Agreement shall be
continuing and shall survive any termination of such assignment.

         SECTION 2.12. Distribution of Ineligible Receivables. Notwithstanding
Section 5.03(a), prior to the Final Collection Date, so long as no Event of
Termination or event which would constitute an Event of Termination but for the
requirement that notice be given or time elapse or both, exists, the Seller may,
at its discretion distribute Transferred Receivables other than Eligible
Receivables to AB Cellular as the sole shareholder of the Seller; provided that
(a) the aggregate amount of Transferred Receivables so distributed, when added
to the aggregate amount of all Transferred Receivables previously so distributed
during the current calendar year, shall not exceed eight percent (8.0%) of the
aggregate Outstanding Balance of all Transferred

                                       33
<PAGE>
Receivables on such day, and (b) the security interest created hereunder in
favor of the Program Agent, for the benefit of the Purchasers, shall continue in
such Transferred Receivables.

         SECTION 2.13. Voluntary Liquidation. (a) In addition to the Seller's
right to liquidate the Purchased Interests, in full or in part, pursuant to
Section 2.01(c), the Seller may, upon at least ten (10) Business Days' prior
written notice (each such notice, a "Voluntary Liquidation Notice") to the
Program Agent and the Managing Agents, commence a period during which Capital
will be fully liquidated from Collections (each such period, a "Voluntary
Liquidation Period"). Each such Voluntary Liquidation Notice shall include the
date of the commencement of the Voluntary Liquidation Period.

         (a) During each Voluntary Liquidation Period (i) the Servicer shall
deliver a Weekly Report to the Managing Agents on each Weekly Reporting Date,
(ii) Collections shall continue to be applied in accordance with Section 2.04,
(iii) no Capital Purchases or Reinvestment Purchases shall be made by the
Purchasers, and (iv) no "Purchases" under and as defined in the Sale Agreement
shall be made by the Seller.

         (b) After the commencement of a Voluntary Liquidation Period pursuant
to this Section 2.13, no Capital Purchase shall be made by the Purchasers until
the Seller has requested a new Capital Purchase and each of the conditions
precedent set forth in Section 3.02 have been satisfied, whereupon such
Voluntary Liquidation Period shall terminate regardless of whether or not
Capital has been reduced to zero. No reduction of Capital pursuant to this
Section 2.13 shall affect the rights and obligations of the parties hereto other
than as specifically set forth in this Agreement.

                                   ARTICLE III
                             CONDITIONS OF PURCHASES

         SECTION 3.01. Conditions Precedent to Initial Purchase. The Managing
Agents shall have received each of the documents, instruments, opinions and
other agreements listed on Exhibit G, together with all fees due and payable on
the date hereof and on the Effective Date as a condition precedent to the
Initial Purchase.

         SECTION 3.02. Conditions Precedent to Purchases during a Voluntary
Liquidation Period or after Reduction of Capital to Zero. During a Voluntary
Liquidation Period or, if as a result of any repurchase pursuant to Section
2.01(c) or liquidation pursuant to Section 2.13, Capital is reduced to zero, no
Purchase shall be made by the Purchasers unless the Seller has delivered to the
Managing Agents, at least ten (10) Business Days prior to the requested date of
such Capital Purchase (i) a Purchase Request, (ii) a reaffirmation of the
Performance Undertaking executed by ATTWS, and (iii) an opinion of counsel, in
form and substance satisfactory to the Managing Agents, concerning the
"true-sale" nature of the "Purchases" under and as defined in the Sale Agreement
and the potential for substantive consolidation of the Seller with the
Originators or ATTWS in any proceeding of the type described in Section 7.01(f).

         SECTION 3.03. Conditions Precedent to All Purchases. Each Purchase
(including, without limitation, the Initial Purchase and any purchase described
in Section 3.02) by the

                                       34
<PAGE>
Purchasers from the Seller shall be subject to the further conditions precedent
that on the date of each Purchase, each of the following shall be true and
correct both before and after giving effect to such Purchase:

                  (i) Each Managing Agent shall have received from the Servicer
         the Investor Report most recently required to be delivered pursuant to
         Section 5.04(b)(v) and, during a Level 2 Ratings Downgrade Period, the
         Weekly Report most recently required to be delivered pursuant to
         Section 5.04(b)(vi).

                  (ii) The representations and warranties contained in Article
         IV are correct on and as of such date as though made on and as of such
         date (except for those representations and warranties which are
         specifically made only as of a different date, which such
         representations and warranties shall be correct on and as of the date
         made);

                  (iii) No event has occurred and is continuing, or would result
         from such Purchase which constitutes an Event of Termination or would
         constitute an Event of Termination but for the requirement that notice
         be given or time elapse or both; and

                  (iv) With respect to Purchases requested to be made by a
         Conduit Purchaser the related Managing Agent shall not have delivered
         to the Seller a notice stating that such Conduit Purchaser shall not
         make any further Purchases hereunder.

Each delivery of a Purchase Request to the Managing Agents, and the acceptance
by the Seller of the Purchase Price with respect to any Purchase, shall
constitute a representation and warranty by the Seller that, as of the date of
such Purchase, both before and after giving effect thereto and the application
of the proceeds thereof, each of the foregoing statements are true and correct.
It is expressly understood that each Reinvestment Purchase, unless any
applicable Managing Agent has notified the Seller, the Servicer and the Program
Agent, in accordance with Section 2.02(c), that such Reinvestment Purchase shall
not be made, shall occur automatically on each day that the Servicer shall
receive any Collections without the requirement that any further action be taken
on the part of any Person and notwithstanding the failure of the Seller to
satisfy any of the foregoing conditions precedent in respect of such
Reinvestment Purchase.

                                   ARTICLE IV
                         REPRESENTATIONS AND WARRANTIES

         SECTION 4.01. Representations and Warranties of the Seller. The Seller
represents and warrants as follows:

         (a) Due Formation and Good Standing. The Seller is a corporation, duly
incorporated, validly existing and in good standing under the laws of the State
of Delaware and is duly qualified to do business, and is in good standing, in
every jurisdiction where the nature of its business requires it to be so
qualified.

                                       35
<PAGE>
         (b) Due Authorization and No Conflict. The execution, delivery and
performance by the Seller of this Agreement, the Sale Agreement and all other
Facility Documents to which it is a party, and the transactions contemplated
hereby and thereby, are within the Seller's corporate powers, have been duly
authorized by all necessary corporate action on the part of the Seller, do not
contravene (i) the Seller's articles of incorporation or by-laws, (ii) any law,
rule or regulation applicable to the Seller, (iii) any contractual restriction
contained in any indenture, loan or credit agreement, lease, mortgage, security
agreement, bond, note, or other agreement or instrument binding on the Seller or
its property, or (iv) any order, writ, judgment, award, injunction or decree
binding on the Seller or its property, and do not result in or require the
creation of any Adverse Claim upon or with respect to any of its properties
pursuant to any indenture, loan or credit agreement, lease, mortgage, security
agreement, bond, note or other agreement binding on the Seller or its
properties; and no transaction contemplated hereby requires compliance with any
bulk sales act or similar law. This Agreement, the Sale Agreement and the other
Facility Documents to which the Seller is a party have been duly executed and
delivered on behalf of the Seller.

         (c) Governmental Consent. No authorization or approval or other action
by, and no notice to or filing with, any Governmental Authority is required for
the due execution, delivery and performance by the Seller of this Agreement, the
Sale Agreement or any other agreement, document or instrument to be delivered by
it hereunder, except for filings under the UCC required under Article III.

         (d) Enforceability of Facility Documents. This Agreement, the Sale
Agreement and each other Facility Document to be delivered by the Seller in
connection herewith constitute the legal, valid and binding obligations of the
Seller enforceable against the Seller in accordance with their respective terms,
subject to the Enforceability Exceptions.

         (e) No Litigation. There are no actions, suits or proceedings pending,
or to the knowledge of the Seller threatened, against the Seller or the property
of the Seller, in any court, or before any arbitrator of any kind, or before or
by any Governmental Authority. The Seller is not in default with respect to any
order of any court, arbitrator or Governmental Authority.

         (f) Perfection of Interest in Transferred Receivables and Receivables
Assets. Each Transferred Receivable is owned by the Seller free and clear of any
Adverse Claim, and the Purchasers have acquired a valid and perfected first
priority ownership interest (to the extent of the pertinent Purchased Interest)
or security interest in each Transferred Receivable, and in the Related
Security, Collections and other Receivables Assets with respect thereto, in each
case free and clear of any Adverse Claim; and (x) no effective financing
statement or other instrument similar in effect, is filed in any recording
office listing the Seller as debtor or seller, covering any Transferred
Receivable, Related Security, Collections or other Receivables Assets except
such as may be filed in favor of the Program Agent in accordance with this
Agreement, and (y) no effective financing statement or other instrument similar
in effect, is filed in any recording office listing any Originator as debtor or
seller, covering any Transferred Receivable, Related Security, Collections or
other Receivables Assets except such as may be filed in favor of the Seller and
assigned to the Program Agent in accordance with this Agreement.

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<PAGE>
         (g) Accuracy of Information. No Investor Report, Weekly Report or
Purchase Request (in each case, if prepared by the Seller) information, exhibit,
financial statement, document, book, record or report furnished or to be
furnished by the Seller to the Program Agent, any Managing Agent, any Purchaser
or any Liquidity Provider in connection with this Agreement is or shall be
inaccurate in any material respect as of the date it is or shall be dated or
(except as otherwise disclosed to the Program Agent, such Managing Agent, such
Purchaser or such Liquidity Provider, as the case may be, at such time) as of
the date so furnished and no such document contains, or will contain, any untrue
statement of a material fact or omits, or will omit, a material fact necessary
in order to make the statements contained therein not misleading.

         (h) Location of Chief Executive Office and Records; Organizational
Identification Number. The principal place of business and chief executive
office of the Seller are located at the address of the Seller referred to in
Section 10.02 hereof and the locations of the offices where the Seller keeps all
the Records are listed on Exhibit E. The Seller's organizational identification
number is 3496511.

         (i) Account Information. The names and addresses of all the Lock-Box
Processors, the Lock-Box Banks, together with the addresses of the Lock-Boxes
and the account numbers of the Lock-Box Accounts of the Seller at such Lock-Box
Banks are as specified in Exhibit F. The Lock-Boxes set forth on Exhibit F are
the only addresses to which Obligors are directed to make payment of Transferred
Receivables. The Lock-Box Accounts set forth on Exhibit F are the only accounts
to which Obligors remit Collections of Transferred Receivables.

         (j) No Trade Names. The Seller has no, and has not used any, trade
names, fictitious names, assumed names or "doing business as" names.

         (k) Investments. The Seller does not own or hold, directly or
indirectly (i) any capital stock or equity security of, or any equity interest
in, any Person or (ii) any debt security or other evidence of Indebtedness of
any Person, except for Permitted Investments.

         (l) Facility Documents. The Sale Agreement is the only agreement
pursuant to which the Seller directly or indirectly purchases and receives
capital contributions of Receivables or any other accounts receivable from the
Originators and the Facility Documents delivered to the Program Agent represent
all agreements between the Originators and the Seller. Upon the purchase or
contribution to capital of each Receivable pursuant to the Sale Agreement, the
Seller shall be the lawful owner of, and have good title to, such Receivable and
all Related Security and Collections with respect thereto, free and clear of any
Adverse Claims.

         (m) Business. Since its formation, the Seller has conducted no business
other than the purchase and receipt of capital contributions of Receivables and
related assets from the Originators under the Sale Agreement, the assignment of
Receivables Assets under this Agreement to finance any such purchases, and such
other activities as are incidental to the foregoing. The Facility Documents are
the only agreements to which Seller is a party.

         (n) Taxes. The Seller has filed or caused to be filed all Federal,
state and local tax returns which are required to be filed by it, and has paid
or caused to be paid all taxes (including,

                                       37
<PAGE>
without limitation, all sales, excise and personal property taxes) prior to such
taxes becoming delinquent, except to the extent that (i) the validity of such
taxes or assessments is being contested in good faith by appropriate
proceedings, or (ii) such delinquency could not reasonably be expected to have a
Material Adverse Effect.

         (o) Solvency. The Seller: (i) is not "insolvent" (as such term is
defined in Section 101(32)(A) of the Bankruptcy Code), (ii) is able to pay its
debts as they come due; and (iii) does not have unreasonably small capital for
the business in which it is engaged or for any business or transaction in which
it is about to engage.

         (p) Investment Company Act. The Seller is not an "investment company"
within the meaning of the Investment Company Act of 1940, as amended.

         (q) Use of Proceeds. No proceeds of any Purchase will be used by the
Seller to acquire any security in any transaction which is subject to Section 13
or 14 of the Securities Exchange Act of 1934, as amended.

         (r) Current Transactions. Each Purchase of Receivables Assets will
constitute (i) a "current transaction" within the meaning of Section 3(a)(3) of
the Securities Act of 1933, as amended, and (ii) a purchase or other acquisition
of notes, drafts, acceptances, open accounts receivable or other obligations
representing part or all of the sales price of merchandise, insurance or
services within the meaning of Section 3(c)(5) of the Investment Company Act of
1940, as amended.

         (s) Ownership. As of the date hereof, all of the outstanding capital
stock of the Seller is directly owned of record by AB Cellular, all of which is
validly issued, fully paid and nonassessable and there are no options, warrants
or other rights to acquire capital stock of the Seller. All of the outstanding
membership interests of AB Cellular are indirectly owned by ATTWS, all of which
is validly issued, fully paid and nonassessable and there are no options,
warrants or other rights to acquire membership interests of AB Cellular.

         (t) Non-Affiliate. The Seller is not an Affiliate of any Purchaser
hereunder.

         (u) Eligibility of Eligible Receivables. Each Receivable included as an
Eligible Receivable in the calculation of the Net Receivables Pool Balance
satisfies the requirements of eligibility contained in the definition of
"Eligible Receivable" as of the date of such inclusion.

         (v) Information from Accountants. The Seller has advised its
independent certified public accountants that the Managing Agents have been
authorized to review and discuss with such accountants, as they may reasonably
request, any and all financial statements and other information of any kind that
such accountants may have which relate to the Receivables, Related Security and
Collections with respect thereto, and the Seller has directed such accountants
to comply with any reasonable request of the Program Agent for such information.

                                       38
<PAGE>
         (w) Payments to Originators. With respect to each Transferred
Receivable, the Seller (i) shall have received such Transferred Receivable as a
contribution to the capital of the Seller by an Originator or (ii) shall have
purchased such Transferred Receivable from an Originator in exchange for payment
(made by the Seller to such Originator in accordance with the provisions of the
Sale Agreement) in an amount which constitutes fair consideration and reasonably
equivalent value. No such sale referred to in clause (ii) of the preceding
sentence shall have been made for or on account of an antecedent debt owed by
such Originator to the Seller and no such sale is or may be voidable or subject
to avoidance under any section of the Bankruptcy Code.

         (x) Material Adverse Effect. Since December 31, 2000, no event has
occurred which would have a Material Adverse Effect.

         (y) Compliance with Credit and Collection Policy. The Seller has
complied in all material respects with the Credit and Collection Policy with
regard to each Transferred Receivable and the related Contract and has not made
any change to such Credit and Collection Policy other than as permitted under
Section 5.03(c).

         (z) Enforceability of Contracts. Each Contract with respect to each
Transferred Receivable is effective to create, and has created, a legal, valid
and binding obligation of the related Obligor to pay the Outstanding Balance of
the Transferred Receivable created thereunder, enforceable against such Obligor
in accordance with its terms, subject to the Enforceability Exceptions.

         SECTION 4.02. Representations and Warranties of the Servicer. The
Servicer represents and warrants as follows:

         (a) Due Formation and Good Standing. The Servicer is a corporation duly
incorporated, validly existing and in good standing under the laws of the State
of Nevada, has all requisite power and authority to carry on its business as now
conducted and is qualified to do business in, and is in good standing in, every
jurisdiction where the nature of its business requires it to be so qualified
except where the failure so to qualify would not reasonably be expected to have
a Material Adverse Effect.

         (b) Due Authorization and No Conflict. The execution, delivery and
performance by the Servicer of this Agreement, the Sale Agreement and all other
Facility Documents to which it is a party, and the transactions contemplated
hereby and thereby, are within the Servicer's corporate powers, have been duly
authorized by all necessary corporate action on the part of the Servicer, do not
contravene (i) the Servicer's certificate of incorporation or by-laws, (ii) any
law, rule or regulation applicable to the Servicer, (iii) any contractual
restriction contained in any indenture, loan or credit agreement, lease,
mortgage, security agreement, bond, note, or other agreement or instrument
binding on the Servicer or its property, or (iv) any order, writ, judgment,
award, injunction or decree binding on the Servicer or its property, and do not
result in or require the creation of any Adverse Claim upon or with respect to
any of its properties pursuant to any material indenture, loan or credit
agreement, lease, mortgage, security agreement, bond, note or other agreement
binding on the Servicer or its properties; and no transaction contemplated
hereby requires compliance with any bulk sales act or similar law.

                                       39
<PAGE>
This Agreement, the Sale Agreement and the other Facility Documents to which the
Servicer is a party have been duly executed and delivered on behalf of the
Servicer.

         (c) Governmental Approvals. The transactions contemplated by this
Agreement and the Facility Documents require no action by or in respect of, or
filing with, any governmental body, agency or official.

         (d) Enforceability of Facility Documents. This Agreement, the Sale
Agreement and each other Facility Document to be delivered by the Seller in
connection herewith constitute the legal, valid and binding obligations of the
Seller enforceable against the Seller in accordance with their respective terms,
subject to the Enforceability Exceptions.

         (e) No Litigation. There are no actions, suits or proceedings pending,
or to the knowledge of the Servicer threatened, against the Servicer or the
property of the Servicer, in any court, or before any arbitrator of any kind, or
before or by any Governmental Authority, which could reasonably be expected to
have a Material Adverse Effect with respect to the Servicer or its property or
which (i) assert the invalidity of any Facility Document or any action to be
taken by the Servicer in connection therewith, or (ii) seek to prevent the
consummation of the transactions contemplated by this Agreement and the other
Facility Documents. The Servicer is not in default with respect to any order of
any court, arbitrator or Governmental Authority a default in respect of which
would reasonably be expected to have a Material Adverse Effect.

         (f) Accuracy of Information. No Investor Report, Weekly Report or
Purchase Request (in each case, if prepared by the Servicer) information,
exhibit, financial statement, document, book, record or report, furnished or to
be furnished by the Servicer to the Program Agent, any Managing Agent, any
Purchaser or any Liquidity Provider in connection with this Agreement is or
shall be inaccurate in any material respect as of the date it is or shall be
dated or as of the date so furnished (except as otherwise disclosed to the
Program Agent, such Managing Agent, such Purchaser or such Liquidity Provider,
as the case may be, at such time) and no such document contains, or will
contain, any untrue statement of a material fact or omits, or will omit, a
material fact necessary in order to make the statements contained therein not
misleading.

         (g) Account Information. The Lock-Boxes set forth on Exhibit F are the
only addresses to which Obligors are directed to make payment on Transferred
Receivables. The Lock-Box Accounts set forth on Exhibit F are the only accounts
to which Obligors remit Collections of Transferred Receivables.

         (h) Software. The Servicer has the right (whether by license,
sublicense or assignment) to use all of the computer software used to account
for the Transferred Receivables to the extent necessary to administer the
Transferred Receivables.

         (i) Eligibility of Eligible Receivables. Each Transferred Receivable
included as an Eligible Receivable in the calculation of the Net Receivables
Pool Balance satisfies the requirements of eligibility contained in the
definition of "Eligible Receivable" as of the date of such inclusion.

                                       40
<PAGE>
         (j) Material Adverse Effect. Since December 31, 2000, no event has
occurred which would have a Material Adverse Effect.

         (k) Compliance with Credit and Collection Policy. The Servicer has
complied in all material respects with the Credit and Collection Policy with
regard to each Transferred Receivable.

         (l) Financial Statements. The Servicer has heretofore furnished to the
Program Agent and the Managing Agents copies of (i) the combined financial
statements for the year ended December 31, 2000 of ATTWS filed with the
Securities and Exchange Commission and (ii) ATTWS' combined financial statements
for the nine months ended September 30, 2001 filed with the Securities and
Exchange Commission. Such financial statements present fairly, in all material
respects, the consolidated financial condition and the results of operations of
ATTWS as of such dates in accordance with GAAP. There has been no material
adverse change since December 31, 2000 in the business, financial condition or
results of operations of the Servicer and its consolidated subsidiaries, taken
as a whole.

                                    ARTICLE V
                                GENERAL COVENANTS

         SECTION 5.01. Affirmative Covenants of the Seller. From the Initial
Purchase Date until the later of the Termination Date and the Final Collection
Date, the Seller will, unless the Program Agent and the Managing Agents shall
otherwise consent in writing:

         (a) Compliance with Laws, Etc. Comply with all applicable laws, rules,
regulations and orders with respect to all Transferred Receivables and the
agreements and documents related thereto.

         (b) Preservation of Existence. Observe all procedures required by its
articles of incorporation and by-laws and preserve and maintain its corporate
existence, rights, franchises and privileges in the jurisdiction of its
formation, and qualify and remain qualified in good standing as a foreign entity
in each other jurisdiction where the nature of its business requires such
qualification, and where failure to be so qualified would reasonably be expected
to have a Material Adverse Effect.

         (c) Audits. Permit the Program Agent, its agents or representatives:

                  (i) to discuss matters relating to the Receivables or the
         Seller's performance hereunder with any of the officers or employees of
         the Seller having knowledge of such matters, at any time during regular
         business hours;

                  (ii) to have access to all records, files, books of account,
         data bases and information of the Seller pertaining to all Receivables
         and Related Security, including the Records, and to inspect, and make
         extracts therefrom at Seller's expense; and

                                       41
<PAGE>
                  (iii) to cause, at any time, testing and verification
         procedures to be performed with respect to the books and records of the
         Seller related to the Receivables by independent public accountants
         satisfactory to the Program Agent and the Managing Agents, and to cause
         an annual report with respect to certain agreed-upon procedures
         satisfactory to the Program Agent and the Managing Agents to be
         delivered by such independent public accountants.

         (d) Keeping of Records and Books of Account. Maintain and implement
administrative and operating procedures (including, without limitation, an
ability to recreate records evidencing the Receivables in the event of the
destruction of the originals thereof) and keep and maintain (or cause the
Originators to keep and maintain) all documents, books, records and other
information reasonably necessary or advisable for the collection of all
Receivables (including, without limitation, records adequate to permit the daily
identification of all Collections of and adjustments to each Receivable), and in
which timely entries are made in accordance with generally accepted accounting
principles. Such books and records shall be marked in accordance with Section
6.05 hereof, to indicate the sales of all Transferred Receivables and Related
Security hereunder and shall include, without limitation, records adequate to
permit the daily identification of each new Transferred Receivable and all
Collections of and adjustments to each existing Transferred Receivable, as well
as the Seller's actual experience with respect to any Dilution Factor. The
Seller shall promptly notify the Program Agent and each Managing Agent of any
conversion or substitution of the computer software used by the Seller to
maintain such books and records.

         (e) Performance and Compliance with Transferred Receivables and
Contracts. At its expense timely and fully perform and comply in all respects
with all provisions, covenants and other promises required to be observed by it
under the Transferred Receivables and the Contracts related thereto.

         (f) Credit and Collection Policies. Comply with its Credit and
Collection Policy in regard to each Transferred Receivable and the related
Contract.

         (g) Collections.

                  (i) Instruct all Obligors of Transferred Receivables to cause
         all Collections to be deposited directly to one of the Lock-Box
         Accounts, and if the Seller shall receive any Collections, the Seller
         shall remit such Collections to one of the Lock-Box Accounts within one
         (1) Business Day following the Seller's receipt of available funds and
         identification thereof;

                  (ii) use reasonable efforts to prevent the deposit of any
         funds other than Collections into any of the Lock-Box Accounts; and

                  (iii) to the extent that any such funds are nevertheless
         deposited into the Lock-Box Accounts, promptly, and in any event,
         within two (2) Business Days following such deposit, segregate and
         remit any such funds to the owner thereof.

                                       42
<PAGE>
         (h) Posting of Collections and Transferred Receivables. Apply all
Collections to the Transferred Receivables owed by the applicable Obligor in a
timely manner in accordance with business practices in existence as of the date
hereof.

         (i) Facility Documents. Subject to Section 5.01(k), comply with the
terms of and employ the procedures outlined in and enforce its rights with
respect to the obligations of the Originators under the Sale Agreement and all
of the other Facility Documents to which the Seller is a party.

         (j) Separate Corporate Existence. Take all reasonable steps (including,
without limitation, all steps that the Program Agent may from time to time
reasonably request) to maintain the Seller's identity as a separate legal entity
from ATTWS and each Originator and to make it manifest to third parties that the
Seller is an entity with assets and liabilities distinct from those of ATTWS and
each other Affiliate thereof. Without limiting the generality of the foregoing,
the Seller shall (i) at all times have at least one (1) "Independent Director"
as defined in and as required under the Seller's articles of incorporation,
acceptable to the Program Agent, and at least one (1) officer responsible for
managing the Seller's day-to-day operations; (ii) maintain the Seller's books
and records separate from those of any Affiliate and maintain records of all
intercompany debits and credits and transfers of funds made by each Originator
on its behalf; (iii) except as otherwise contemplated under Section 2.04, use
reasonable efforts to minimize the commingling of funds or other assets of the
Seller with those of any other Affiliate, and not maintain bank accounts or
other depository accounts to which any Affiliate is an account party, into which
any Affiliate makes deposits or from which any Affiliate has the power to make
withdrawals except as otherwise contemplated hereunder with respect to the
Servicer's administration of Collections; (iv) not enter into or permit to exist
any transaction (including, without limitation, the purchase, sale, lease or
exchange of any property or the rendering of any service) with any Affiliate
which is on terms that are less favorable to the Seller than those that might be
obtained in an arm's length transaction at the time from Persons who are not an
Affiliate and which is not evidenced by or pursuant to a written agreement; (v)
pay its own operating expenses and liabilities (including but not limited to the
salaries paid to its employees and any fees paid to its directors) from its own
separate assets; (vi) clearly identify its office (by sign or otherwise) as
being separate and distinct from the offices of, or any space occupied by, ATTWS
and its other Affiliates even if such office space is leased or subleased from,
or is on or near premises occupied by ATTWS or by such Affiliates and allocate
fairly any overhead, if relevant, for shared office space or business facilities
or equipment; (vii) act solely in its own name, through its own officials or
representatives where relevant, and will not hold itself out as a "division" or
"part" of ATTWS or its Affiliates; (viii) have stationery and other business
forms and a telephone number separate from that of ATTWS or its Affiliates, (ix)
at all times be adequately capitalized in light of its contemplated business,
and (x) take all other actions reasonably necessary on its part to operate its
business and perform its obligations under the Facility Documents in a manner
consistent with the factual assumptions described in the legal opinions
delivered to the Program Agent and the Managing Agents pursuant to Section 3.01
and Section 3.02 hereof.

                                       43
<PAGE>
         (k) Rights under the Sale Agreement. In connection with the Sale
Agreement, direct, instruct, or request any lawful action thereunder, including
without limitation, in connection with enforcement of its rights thereunder, as
instructed by the Program Agent.

         (l) Bank of America Lock-Box Account. Within twenty (20) Business Days
of the date hereof, cause Lock-Box Account number 68004704 at Bank of America,
N.A. to be closed or to become the subject of a Lock-Box Agreement.

         SECTION 5.02. Reporting Requirements of the Seller. From the Initial
Purchase Date until the later of the Termination Date and the Final Collection
Date, the Seller will, unless the Program Agent and the Managing Agents shall
otherwise consent in writing, furnish or cause to be furnished to the Program
Agent:

         (a) Event of Termination and Ratings Downgrade Periods.

                  (i) As soon as reasonably practicable and in any event within
         two (2) Business Days after the occurrence of each Event of Termination
         or Incipient Event of Termination, the statement of a Responsible
         Officer of the Seller setting forth details of such Event of
         Termination or event and the action which the Seller proposes to take
         with respect thereto.

                  (ii) As soon as reasonably practicable and in any event within
         one (1) Business Day after the commencement of each Ratings Downgrade
         Period, the statement of a Responsible Officer of the Seller setting
         forth details of the commencement of such Ratings Downgrade Period.

         (b) Financial Statements.

                  (i) As soon as available, and in any event within one hundred
         five (105) days after the end of each fiscal year of the Seller, a
         balance sheet of the Seller as of the end of such fiscal year and a
         statement of income and retained earnings of the Seller for the period
         commencing at the end of the previous fiscal year and ending with the
         end of such fiscal year of the Seller, certified by the chief financial
         officer of the Seller, (ii) as soon as is available, and in any event
         within one hundred five (105) days after the end of each fiscal year of
         ATTWS, a copy of the report on form 10-K which ATTWS files with the
         Securities and Exchange Commission for such year for ATTWS and fifteen
         (15) days after being sent to its public security holders, a copy of
         ATTWS' annual report and (iii) within sixty (60) days after the end of
         the first, second and third quarterly accounting periods in each fiscal
         year of ATTWS, a balance sheet of ATTWS as of the end of such fiscal
         quarter and a statement of income and retained earnings of ATTWS for
         the period commencing at the end of the previous fiscal year and ending
         as of the end of such quarter, certified by the chief financial officer
         of ATTWS.

         (c) Compliance Certificates. Concurrently with any delivery of
information under clause (b) above, a certificate of a Responsible Officer
certifying that no Event of Termination

                                       44
<PAGE>
has occurred, or, if such an Event of Termination has occurred, specifying the
nature and extent thereof and any corrective action taken or proposed to be
taken with respect thereto;

         (d) Public Filings. Promptly after the same become publicly available,
copies of all other reports filed by ATTWS with the Securities and Exchange
Commission, or any Governmental Authority succeeding to any of or all the
functions of the Securities and Exchange Commission, or distributed to ATTWS'
shareholders, as the case may be;

         (e) Reporting on Litigation and Adverse Effects. Promptly and in no
event more than five (5) Business Days after the occurrence of any and all
litigation or any other matters or events concerning the Seller, the Servicer,
ATTWS or any Originator which could reasonably be expected to have a Material
Adverse Effect, notice thereof.

         (f) ERISA. Promptly upon its occurrence, notice of the occurrence of
any ERISA Event that, alone or together with any other ERISA Events that have
occurred, could reasonably be expected to result in liability of ATTWS and its
Subsidiaries in an aggregate amount exceeding $150,000,000.

         (g) Other Information. As soon as reasonably practicable, from time to
time, such other information, documents, records or reports respecting the
Receivables or the conditions or operations, financial or otherwise, of the
Seller as the Program Agent or any Managing Agent may from time to time
reasonably request in order to protect the interests of the Program Agent, the
Managing Agents any Purchaser or any Liquidity Provider under or as contemplated
by this Agreement.

         SECTION 5.03. Negative Covenants of the Seller. From the Initial
Purchase Date until the later of the Termination Date and the Final Collection
Date, the Seller will not, without the written consent of the Program Agent and
the Managing Agents:

         (a) Sales, Liens, Etc. Against Transferred Receivables and Related
Assets. Except as otherwise provided herein, sell, assign (by operation of law
or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse
Claim upon or with respect to, any Transferred Receivable or any other
Receivables Assets, or assign any right to receive income in respect thereof
except to the Purchasers pursuant to this Agreement.

         (b) Extension or Amendment of Transferred Receivables. Except as
otherwise permitted in Sections 5.04(c)(i) and 6.02, extend, amend, waive or
otherwise modify, the terms of any Transferred Receivable, or amend, modify or
waive any term or condition of any Contract related thereto.

         (c) Change in Business or Credit and Collection Policy. Make any change
in the character of its business or in the Credit and Collection Policy, which
change would, in either case, have a Material Adverse Effect or impair the
collectibility of any Transferred Receivable.

                                       45
<PAGE>
         (d) Change in Payment Instructions to Obligors; Lock-Box Agreements.
Add any bank as a Lock-Box Bank from those listed in Exhibit F, unless the
Program Agent shall have received (i) thirty (30) days' prior notice of such
addition and (ii) prior to the effective date of such addition, (x) executed
copies of Lock-Box Agreements executed by each new Lock-Box Bank or Lock-Box
Processor, as applicable, the Seller, any applicable Originator, and the Program
Agent and (y) copies of all agreements and documents signed by the Seller, any
applicable Originator or the respective Lock-Box Bank or Lock-Box Processor, as
applicable, with respect to any new Lock-Box Account. The Seller shall cause
each Originator to provide the Program Agent with prompt written notice of any
termination of any bank as a Lock-Box Bank and any change in its instructions to
Obligors regarding payments to be made to any Lock-Box or any Lock-Box Account.

         (e) Merger, Consolidation, Etc. Sell any equity interest to any Person
(other than AB Cellular, ATTWS or any direct or indirect wholly owned subsidiary
of ATTWS ) or consolidate with or merge into or with any Person, or purchase or
otherwise acquire all or substantially all of the assets or capital stock, or
other ownership interest of, any Person or from any Subsidiary, or sell,
transfer, lease or otherwise dispose of all or substantially all of its assets
to any Person, except as expressly provided or permitted under the terms of this
Agreement or as consented to by the Program Agent.

         (f) Change in Name; Jurisdiction of Organization. (1) Make any change
to its name indicated on the public record of its jurisdiction of organization
which shows it to have been organized, or (2) change its form of organization or
its jurisdiction of organization.

         (g) ERISA Matters. Establish or be a party to any Plan or Multiemployer
Plan other than any such plan established by an Affiliate of the Seller.

         (h) Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness except for (i) Indebtedness to the Program Agent, any Purchaser or
any Affected Party expressly contemplated hereunder or (ii) Indebtedness to the
Originators pursuant to the Sale Agreement, the Subordinated Notes or any other
Facility Document.

         (i) Guarantees. Guarantee, endorse or otherwise be or become
contingently liable (including by agreement to maintain balance sheet tests) in
connection with the obligations of any other Person, except endorsements of
negotiable instruments for collection in the ordinary course of business and
reimbursement or indemnification obligations in favor of the Program Agent, any
Purchaser or any Affected Party as provided for under this Agreement.

         (j) Limitation on Transactions with Affiliates. Enter into, or be a
party to any transaction with any Affiliate of the Seller, except for:

                  (i) the transactions contemplated by the Sale Agreement and
         the other Facility Documents;

                  (ii) to the extent not otherwise prohibited under this
         Agreement, other transactions in the nature of employment contracts and
         directors' fees, upon fair and

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<PAGE>
         reasonable terms materially no less favorable to the Seller than would
         be obtained in a comparable arm's-length transaction with a Person not
         an Affiliate; and

                  (iii) transactions between the Seller and AB Cellular and
         other permitted owners of Seller under Section 5.03(e), which
         transactions consist of ordinary course of business transactions
         between a parent corporation and its Subsidiary.

         (k) Facility Documents. Terminate, amend or otherwise modify any
Facility Document, or grant any waiver or consent thereunder.

         (l) Limitation on Investments. Make or suffer to exist any loans or
advances to, or extend any credit to, or make any investments (by way of
transfer of property, contributions to capital, purchase of stock or securities
or evidences of indebtedness, acquisition of the business or assets, or
otherwise) in, any Affiliate or any other Person except for Permitted
Investments and the purchase and receipt of capital contributions of Receivables
and related assets pursuant to the terms of the Sale Agreement.

         (m) Organizational Documents. Change, amend, alter or otherwise modify
its articles of incorporation or by-laws.

         (n) Rights under the Sale Agreement. In connection with the Sale
Agreement, consent to any amendments, modifications or waivers thereof, or
direct, instruct or request any action thereunder in contravention of the
direction of the Program Agent.

         (o) Purchases under the Sale Agreement. Make any Purchases under and as
defined in the Sale Agreement during any Voluntary Liquidation Period or at any
time that Capital has been reduced to zero hereunder except in connection with a
Capital Purchase, subject to the conditions of Section 3.02.

         SECTION 5.04. Covenants of the Servicer.

         (a) Affirmative Covenants of the Servicer. From the Initial Purchase
Date until the later of the Termination Date and the Final Collection Date, the
Servicer will, unless the Program Agent and the Managing Agents shall otherwise
consent in writing:

                  (i) Compliance with Laws, Etc. Comply in all respects with all
         applicable laws, rules, regulations and orders with respect to the
         Transferred Receivables, the servicing thereof and the agreements and
         documents related thereto, except for such failure to comply as would
         not reasonably be expected to have a Material Adverse Effect.

                  (ii) Preservation of Corporate Existence. Observe all
         procedures required by its certificate of incorporation and by-laws and
         preserve and maintain its corporate existence, rights, franchises and
         privileges in the jurisdiction of its formation, and qualify and remain
         qualified in good standing as a foreign entity in each other
         jurisdiction where

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<PAGE>
         the nature of its business requires such qualification and where
         failure to be so qualified would reasonably be expected to have a
         Material Adverse Effect.

                  (iii) Audits. Permit the Program Agent, its agents or
         representatives:

                           (A) to discuss matters relating to the Receivables or
                  the Servicer's performance hereunder with any of the officers
                  or employees of the Servicer having knowledge of such matters,
                  at any time during regular business hours;

                           (B) to have access to all records, files, books of
                  account, data bases and information pertaining to all
                  Receivables and Related Security, including the Records, and
                  to inspect and make extracts therefrom at the Servicer's
                  expense.

                           (C) to cause, at any time, testing and verification
                  procedures to be performed with respect to the books and
                  records of the Servicer related to the Receivables by
                  independent public accountants satisfactory to the Program
                  Agent and the Managing Agents, and to cause an annual report
                  with respect to certain agreed-upon procedures satisfactory to
                  the Program Agent and the Managing Agents to be delivered by
                  such independent public accountants.

                  (iv) Keeping of Records and Books of Account. Maintain and
         implement administrative and operating procedures (including, without
         limitation, an ability to recreate records evidencing the Transferred
         Receivables in the event of the destruction of the originals thereof)
         and keep and maintain (or cause the Originators to keep and maintain)
         all documents, books, records and other information reasonably
         necessary for the collection of all Transferred Receivables (including,
         without limitation, records adequate to permit the daily identification
         of all Collections of and adjustments to each Transferred Receivable),
         and in which timely entries are made in accordance with generally
         accepted accounting principles. Such books and records shall be marked
         in accordance with Section 6.05 hereof, to indicate the sales of all
         Transferred Receivables and Related Security hereunder and shall
         include, without limitation, records adequate to permit the daily
         identification of each new Transferred Receivable and all Collections
         of and adjustments to each existing Transferred Receivable, as well as
         the Servicer's actual experience with respect to any Dilution Factor.
         The Servicer shall promptly notify the Program Agent and each Managing
         Agent of any conversion or substitution of the computer software used
         by the Servicer to maintain such books and records.

                  (v) Performance and Compliance with Transferred Receivables.
         At its expense timely and fully perform and comply with all provisions,
         covenants and other promises required to be observed by it under the
         Transferred Receivables.

                  (vi) Credit and Collection Policies. Comply with its Credit
         and Collection Policy in regard to each Transferred Receivable and the
         related Contract.

                  (vii) Collections.

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<PAGE>
                           (A) Instruct all Obligors of Transferred Receivables
                  to cause all Collections to be deposited directly to one of
                  the Lock-Box Accounts subject to a Lock-Box Agreement and if
                  the Servicer shall receive any Collections, the Servicer shall
                  remit such Collections to one of the Lock-Box Accounts subject
                  to a Lock-Box Agreement within one (1) Business Day following
                  the Servicer's receipt of available funds and identification
                  thereof and, upon the Program Agent's written request,
                  following the occurrence of an Event of Termination which is
                  continuing, within one (1) Business Day following the deposit
                  of Collections into the Lock-Box Accounts, cause such amounts
                  to be transferred to the Collection Account;

                           (B) use reasonable efforts to prevent the deposit of
                  any funds other than Collections into any of the Lock-Box
                  Accounts; and

                           (C) to the extent that any such funds are
                  nevertheless deposited into any Lock-Box Accounts, promptly,
                  and in any event, within two (2) Business Days following such
                  deposit, segregate and remit any such funds to the owner
                  thereof.

                  (viii) Posting of Collections and Transferred Receivables.
         Apply all Collections to the Transferred Receivables owed by the
         applicable Obligor in a timely manner in accordance with its business
         practices in existence as of the date of this Agreement.

                  (ix) Facility Documents. Comply with the terms of and employ
         in all material respects the procedures outlined in the Sale Agreement
         and all of the other Facility Documents to which it is a party.

                  (x) Frequency of Billing. Prepare and mail invoices with
         respect to all Transferred Receivables no less frequently than monthly.

         (b) Reporting Requirements of the Servicer. From the Initial Purchase
Date until the later of the Termination Date and the Final Collection Date, the
Servicer will, unless the Program Agent and the Managing Agents shall otherwise
consent in writing, furnish to the Program Agent and the Managing Agents:

                  (i) As soon as reasonably practicable and in any event within
         two (2) Business Days after a Responsible Officer of the Servicer has
         knowledge of the occurrence of each Event of Termination or Incipient
         Event of Termination, a notice setting forth details of such Event of
         Termination or event.

                  (ii) As soon as reasonably practicable and in any event within
         two (2) Business Days after a Responsible Officer of the Servicer has
         knowledge of the occurrence of each event described in the definition
         of "Servicer Default" or each event which, with the giving of notice or
         lapse of time or both, would constitute a Servicer Default, the
         statement of a Responsible Officer of the Servicer setting forth
         details of

                                       49
<PAGE>
         such Servicer Default or event and the action which the Servicer
         proposes to take with respect thereto.

                  (iii) As soon as reasonably practicable and in any event
         within one (1) Business Day after the commencement of each Ratings
         Downgrade Period, a notice setting forth details of the commencement of
         such Ratings Downgrade Period.

                  (iv) As soon as reasonably practicable, from time to time,
         such other information, documents, records or reports within its
         possession respecting the Receivables or the conditions or operations,
         financial or otherwise, of the Servicer as the Program Agent or any
         Managing Agent may from time to time reasonably request in order to
         protect the interests of the Program Agent, any Managing Agent, any
         Purchaser or any Liquidity Provider under or as contemplated by this
         Agreement.

                  (v) Prior to the Closing Date and on each Monthly Reporting
         Date, an Investor Report and a report identifying each Excluded
         Receivable.

                  (vi) On each Weekly Reporting Date during a Level 2 Ratings
         Downgrade Period, or during any Voluntary Liquidation Period, a Weekly
         Report and a report identifying each Excluded Receivable.

                  (vii) If the Program Agent shall have required the Payment
         Date to occur more frequently than monthly (or weekly) in accordance
         with the definition of the term "Payment Date," on each Payment Date, a
         calculation of the Net Receivables Pool Balance and the Required
         Receivables Balance (which report of such calculations shall be deemed
         to be an Investor Report for all purposes under this Agreement).

         (c) Negative Covenants of the Servicer. From the Initial Purchase Date
until the later of the Termination Date and the Final Collection Date, the
Servicer will not, without the written consent of the Program Agent and the
Managing Agents:

                  (i) Extension or Amendment of Transferred Receivables. Except
         as otherwise permitted in Section 6.02, extend, amend, waive or
         otherwise modify, the terms of any Transferred Receivable, except (x)
         in accordance with the Credit and Collection Policy and (y) for
         extensions of maturity or adjustments to the Outstanding Balance of any
         Delinquent Receivable or Defaulted Receivable as it deems appropriate
         to maximize collections thereof, provided that no such extension shall
         cancel or otherwise affect such Transferred Receivable's status as a
         Delinquent Receivable or a Defaulted Receivable, as applicable.

                  (ii) Change in Business or Credit and Collection Policy. Make
         any change in the character of its business or in the Credit and
         Collection Policy, which change would, in either case, have a Material
         Adverse Effect or impair the collectibility of any Transferred
         Receivable.

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<PAGE>
                  (iii) Change in Lock-Box Agreement or Instructions to
         Obligors. Add any Person as a Lock-Box Processor unless the Program
         Agent shall have received (i) thirty (30) days' prior notice of each
         such addition; and (ii) prior to the effective date of such addition,
         (x) executed copies of Lock-Box Agreements executed by each new
         Lock-Box Bank or Lock-Box Processor, as applicable, the Seller, each
         applicable Originator, and the Program Agent and (y) copies of all
         agreements and documents signed by the Seller, each applicable
         Originator or the respective Lock-Box Bank or Lock-Box Processor, as
         applicable with respect to any new Lock-Box Account. Each of the Seller
         and the Servicer shall provide the Program Agent with prompt written
         notice of any termination of any bank as a Lock-Box Bank and any change
         in its instructions to Obligors regarding payments to be made to any
         Lock-Box or any Lock-Box Account.

                                   ARTICLE VI
                          ADMINISTRATION OF RECEIVABLES

         SECTION 6.01. Designation of Servicer.

         (a) The servicing, administering and collection of the Transferred
Receivables shall be conducted by the Person (the "Servicer") so designated from
time to time in accordance with this Section 6.01. Until the Program Agent, with
the consent or at the direction of the Managing Agents, gives notice to the
Seller and the Servicer of the designation of a new Servicer as provided in
Section 6.01(b) below, AWS Nevada is hereby designated as, and hereby agrees to
perform the duties and obligations of, the Servicer pursuant to the terms
hereof. The Servicer may, upon written notice to the Program Agent but otherwise
without the prior written consent of any Purchaser, the Program Agent, any
Managing Agent or any Liquidity Provider, subcontract with a sub-servicer for
the collection, servicing or administration of the Transferred Receivables;
provided, however, that (i) the Servicer shall remain liable for the timely and
complete performance of its duties and obligations pursuant to the terms hereof
and (ii) any sub-servicing agreement that may be entered into and any other
transactions or services relating to the Transferred Receivables involving a
sub-servicer shall be deemed to be between the sub-servicer and the Servicer
alone, and the Purchasers, the Program Agent, the Managing Agents and the
Liquidity Providers shall not be deemed parties thereto and shall have no
obligations, duties or liabilities with respect to the sub-servicer.

         (b) Upon either (x) the occurrence and continuance of a Servicer
Default or, (y) the existence of both a Level 2 Ratings Downgrade Period and an
Incipient Event of Termination, the Program Agent may, upon written notice,
designate as Servicer any Person to succeed AWS Nevada (or any successor
Servicer) subject to the condition that any such Person so designated shall
agree to perform the duties and obligations of the Servicer pursuant to the
terms hereof. The Servicer shall not resign from the obligations and duties
hereby imposed on it except upon the reasonable determination by the Servicer
that (i) the performance of its duties hereunder is no longer permissible under
applicable law and (ii) there is no reasonable action which the Servicer could
take to make the performance of its duties hereunder permissible under
applicable law.

         (c) AWS Nevada agrees that, upon its resignation or replacement as
Servicer pursuant to Section 6.01(b) above, it will cooperate with the Program
Agent and the successor

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<PAGE>
Servicer in effecting the termination of its responsibilities and rights as
Servicer hereunder, including, without limitation, (i) assisting the successor
Servicer in enforcing all rights under the Transferred Receivables and Related
Security, (ii) transferring, promptly upon receipt, to the successor Servicer
any Collections or other amounts related to the Transferred Receivables received
by AWS Nevada, (iii) transferring to the successor Servicer all Records held by
or under the control of AWS Nevada and (iv) permitting the successor Servicer to
have access to all tapes, discs, diskettes and related property containing
information concerning the Transferred Receivables and the Records and take all
actions necessary to permit the successor Servicer to use all computer software
that may facilitate the Servicer's access to and use of such information and act
as data processing agent for such successor Servicer if requested. Upon the
resignation or replacement of AWS Nevada as Servicer, AWS Nevada shall no longer
be entitled to the Servicer Fee accruing from and after the effective date of
such resignation or replacement.

         SECTION 6.02. Duties of the Servicer.

         (a) The Servicer shall take or cause to be taken all such actions as it
deems necessary or advisable to collect each Transferred Receivable from time to
time, all in accordance with applicable laws, rules and regulations, with
reasonable care and diligence, and in accordance with the Credit and Collection
Policy. Each of the Seller, each Purchaser, each Liquidity Provider, each
Managing Agent and the Program Agent hereby appoints as its agent the Servicer,
from time to time designated pursuant to Section 6.01, to enforce its respective
rights and interests in and under the Transferred Receivables and the Related
Security. The Servicer (so long as it is AWS Nevada) will at all times apply the
same standards and follow the same procedures with respect to the decision to
commence litigation with respect to the Transferred Receivables, and in
prosecuting and litigating with respect to Transferred Receivables, as it
applies and follows with respect to accounts receivable which are not
Transferred Receivables. In no event shall the Servicer be entitled to make the
Program Agent, any Managing Agent, any Purchaser or any Liquidity Provider a
party to any litigation without the such Person's express prior written consent.

         (b) The Servicer shall notify all Obligors to make payments with
respect to the Receivables Assets solely to a Lock-Box Account. The Servicer
shall apply all Collections to the Transferred Receivables owed by the
applicable Obligors in a timely manner in accordance with its business practices
in existence as of the date hereof. In the event the Servicer receives any
Collections or other proceeds of the Receivables Assets, it shall hold such
Collections and other proceeds on behalf of the Seller for application and
remittance in accordance with Section 2.04 and it shall remit the same to the
Collection Account to the extent required under Section 5.04(a)(vii) or Section
6.03. The Seller shall deliver to the Servicer, and the Servicer shall hold in
trust for the Seller, the Purchasers and the Liquidity Providers in accordance
with their respective interests, all Records. Notwithstanding anything to the
contrary contained herein, the Program Agent shall, upon the occurrence and
continuance of an Event of Termination, have the absolute and unlimited right to
direct the Servicer to commence or settle any legal action to enforce collection
of any Transferred Receivable or to foreclose upon or repossess any Related
Security. The Servicer's authorization under this Agreement shall terminate on
the Final Collection Date.

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<PAGE>
         (c) The Servicer shall, as soon as practicable following receipt, turn
over to the Seller or Person entitled thereto collections in respect of any
receivable which is not a Transferred Receivable less, to the extent the
Servicer performed any collection or enforcement actions which it was authorized
by the Seller to perform, all reasonable and appropriate out-of-pocket costs and
expenses of such Servicer incurred in collecting and enforcing such receivable.
The Servicer shall as soon as practicable following demand therefor deliver to
the Seller all records in its possession relating to receivables of the Seller
other than Transferred Receivables.

         SECTION 6.03. Rights of the Program Agent. Upon written notice during a
Level 2 Ratings Downgrade Period or following the occurrence and during the
continuance of an Event of Termination, the Program Agent may, and at the
direction of any Managing Agent for which the related Group Purchase Limit is
greater than or equal to $250,000,000 shall, exercise its right to take
exclusive ownership and control of the Lock-Boxes and the Lock-Box Accounts, and
the Seller hereby agrees to take any further action necessary that the Program
Agent may reasonably request to effect such control. The Program Agent is hereby
authorized to, and at the direction of any Managing Agent for which the related
Group Purchase Limit is greater than or equal to $250,000,000 shall, at any time
during a Level 2 Ratings Downgrade Period or following and during the
continuance of an Event of Termination, notify any of the Lock-Box Processors to
remit all items of payment or proceeds thereof to the Program Agent or the
Collection Account or to notify any or all of the Lock-Box Banks to remit all
amounts deposited in the applicable Lock-Box Accounts to the Collection Account
or directly to the Program Agent or its designee. At any time during a Level 2
Ratings Downgrade Period or following the occurrence and continuance of an Event
of Termination (i) the Program Agent may, and at the direction of any Managing
Agent for which the related Group Purchase Limit is greater than or equal to
$250,000,000 shall, notify (or may direct the Servicer to notify) the Obligors
of Transferred Receivables or any of them, of the Purchasers' and the Liquidity
Providers' interest in Receivables Assets and direct such Obligors, or any of
them, that payment of all amounts payable under any such Transferred Receivable
be made directly to the Program Agent or its designee; (ii) the Seller shall, at
the Program Agent's request and at the Seller's expense, give notice of the
Purchasers' and the Liquidity Providers' interest in Transferred Receivables to
each Obligor and direct that payments be made directly to the Program Agent or
its designee; and (iii) each of the Seller, each Purchaser and the Liquidity
Providers hereby authorizes the Program Agent to take any and all steps in the
Seller's name and on behalf of the Seller, the Purchasers and the Liquidity
Providers necessary or desirable, in the determination of the Program Agent, to
collect all amounts due under any and all Transferred Receivables, including,
without limitation, endorsing the Seller's name on checks and other instruments
representing Collections and enforcing such Transferred Receivables.

         SECTION 6.04. Responsibilities of the Seller. Anything herein to the
contrary notwithstanding, the Seller shall (i) perform all of its obligations
under the Transferred Receivables to the same extent as if Receivables Assets
had not been assigned hereunder and the exercise by the Program Agent of its
rights hereunder shall not relieve Seller from such obligations and (ii) pay
when due any taxes, including without limitation, sales, excise and personal
property taxes payable in connection with the Transferred Receivables. None of
the Program Agent, the Managing Agents, the Purchasers or the Liquidity
Providers shall have any

                                       53
<PAGE>
obligation or liability with respect to any Transferred Receivables or
Receivables Assets, nor shall any of them be obligated to perform any of the
obligations of the Seller thereunder.

         SECTION 6.05. Further Action Evidencing Program Agent's Interest. Each
of the Seller and the Servicer agrees that from time to time, at its expense, it
will promptly execute and deliver all further instruments and documents, and
take all further action that the Program Agent may reasonably request in order
to perfect, protect or more fully evidence the interest of the Program Agent or
the Purchasers granted hereunder or to enable the Program Agent to exercise or
enforce any of its or the Purchasers' rights hereunder. Without limiting the
generality of the foregoing, each of the Seller and the Servicer will (i) mark
its master data processing records evidencing such Transferred Receivables with
a legend, reasonably acceptable to the Program Agent, evidencing that an
interest therein has been assigned to the Program Agent under this Agreement,
and (ii) upon the request of the Program Agent, file such financing statements,
continuation statements or amendments thereto or assignments thereof, and
execute and file such other instruments or notices, as may be necessary or
appropriate or as the Program Agent may reasonably request. The Seller hereby
authorizes the Program Agent to file (with the Seller as debtor) one or more
financing statements, continuation statements and amendments thereto and
assignments thereof, relative to all or any of the Transferred Receivables and
the Related Security now existing or hereafter arising, without the signature of
the Seller. A photographic or other reproduction of this Agreement or any
financing statement covering the Receivables Assets, or any part thereof, shall
be sufficient as a financing statement. If either the Seller or the Servicer
fails to perform any of its respective agreements or obligations under this
Agreement, the Program Agent may (but shall not be required to) itself perform,
or cause performance of, such agreement or obligation, and the expenses of the
Program Agent incurred in connection therewith shall be payable by the Seller or
the Servicer, as applicable, upon the Program Agent's demand therefor; provided,
however, prior to taking any such action, the Program Agent shall give written
notice of such intention to the Seller or the Servicer, as applicable, and
provide the Seller or the Servicer, as applicable, with a reasonable opportunity
to take such action itself; provided, further, that no such notice shall be
required to be given on and after the occurrence of any Event of Termination.

                                   ARTICLE VII
                              EVENTS OF TERMINATION

         SECTION 7.01. Events of Termination. If any of the following events
(each, an "Event of Termination") shall occur:

         (a) The Seller shall fail to make any payment or deposit in respect of
Capital, Yield, Liquidity Fees, Program Fees or Servicer Fees required to be
made by it hereunder when due;

         (b) The Seller shall fail to make any payment or deposit (other than
those amounts referred to in clause (a) above) required to be made by it
hereunder when due and such failure shall continue for one (1) Business Day;

                                       54
<PAGE>
         (c) The Seller shall fail to perform or observe any other term,
covenant or agreement contained in this Agreement or any other Facility Document
on its part to be performed or observed and any such failure shall remain
unremedied for ten (10) Business Days;

         (d) Any representation or warranty made or deemed to be made by the
Seller under or in connection with this Agreement, any Investor Report, any
Weekly Report, any Purchase Request or other information or report delivered
pursuant hereto shall prove to have been false or incorrect in any material
respect when made;

         (e) The Purchasers shall cease to have a valid and perfected first
priority ownership interest to the extent of the pertinent Purchased Interest in
each Transferred Receivable and the Related Security and Collections with
respect thereto;

         (f) (i) The Seller, the Servicer or ATTWS shall admit in writing its
inability to pay its debts generally, or shall make a general assignment for the
benefit of creditors; or any proceeding shall be instituted by or against the
Seller, the Servicer or ATTWS seeking to adjudicate it as bankrupt or insolvent,
or seeking liquidation, winding up, reorganization, arrangement, adjustment,
protection, relief, or composition of it or its debts under any law relating to
bankruptcy, insolvency or reorganization or relief of debtors, or seeking the
entry of an order for relief or the appointment of a receiver, trustee, or other
similar official for it or for any substantial part of its property which
proceeding has not been dismissed or stayed within thirty (30) days; or (ii) the
Seller, the Servicer or ATTWS shall take any corporate action to authorize any
of the actions set forth in clause (i) above in this paragraph (f);

         (g) A Servicer Default;

         (h) As of the last day of any Monthly Period, (i) the average of the
Default Ratios for the three (3) most recently ended Monthly Periods shall
exceed 4.5%, (ii) the average of the Delinquency Ratios for the three (3) most
recently ended Monthly Periods shall exceed 7.5%, (iii) the average of the
Dilution Ratios for the three (3) most recently ended Monthly Periods shall
exceed 14.0%, or (iv) the average of the Loss-to-Liquidation Ratios for the
three (3) most recently ended Monthly Periods shall exceed 9.0%;

         (i) As of the close of business on any date, the Required Receivables
Balance as of such date shall exceed the Net Receivables Pool Balance (after
giving effect to any increases or reductions to Capital on such date) and such
excess continues for two (2) Business Days or more;

         (j) There shall have occurred any event or circumstance which has a
Material Adverse Effect;

         (k) The Seller, the Servicer or ATTWS shall fail to pay, or shall
default in the payment of, any principal or interest on any Indebtedness beyond
any period of grace provided; or breach or default with respect to any other
term of any evidence of any Indebtedness, or of any loan agreement, mortgage,
indenture or other agreement relating thereto, if such breach or default
continues beyond any applicable period of grace provided, if the effect of such
failure, default or breach is to cause the holder or holders of that
Indebtedness (or a trustee on behalf of

                                       55
<PAGE>
such holder or holders) to cause that Indebtedness to become or be declared due
prior to its stated maturity; provided, however, that this Section 7.01(k) shall
not apply with respect to Indebtedness of ATTWS that does not exceed
$150,000,000 in the aggregate;

         (l) (i) One or more judgments for the payment of money shall be
rendered against the Seller or (ii) one or more judgments for the payment of
money in an aggregate amount in excess of $150,000,000 shall be rendered against
ATTWS or any Subsidiary of ATTWS or any combination thereof and the same shall
remain undischarged for a period of thirty (30) consecutive days during which
execution shall not be effectively stayed, or any action shall be legally taken
by a judgment creditor to attach or levy upon any assets of the Seller, ATTWS or
any Subsidiary of ATTWS to enforce any such judgment;

         (m) (i) A "Termination Event" under and as defined in the Sale
Agreement shall occur, (ii) any Originator shall have declared the "Termination
Date" as defined in and in accordance with the Sale Agreement, (iii) except as
the result of a Voluntary Liquidation Period or during any period when Capital
has been reduced to zero, one or more Originators the aggregate Outstanding
Balance of whose Transferred Receivables exceeds 15.0% of the aggregate
Outstanding Balance of all Eligible Receivables at such time shall cease for any
reason to transfer, or cease to have the legal capacity to transfer, or
otherwise be incapable of transferring, Receivables to the Seller under the Sale
Agreement, (iv) the Seller shall cease to perform any of its material
obligations and undertakings under and pursuant to the Sale Agreement or shall
fail to enforce the rights and remedies accorded it under the Sale Agreement as
directed by the Program Agent, (v) the Seller shall fail to enforce the rights
and remedies accorded it under the Receivables Sale Agreement in any material
respect, or (vi) the Sale Agreement shall cease to be in full force and effect;

         (n) (i) A default shall occur under any other Facility Document which
shall remain unremedied for ten (10) Business Days, or (ii) any of the Sale
Agreement, the Performance Undertaking, the Fee Letter, or any Lock-Box
Agreement shall cease to be in full force and effect other than (x) in
accordance with the terms of such Facility Document, (y) solely as a result of
any action or failure to act on the part of the Program Agent, any Managing
Agent or any Purchaser, or (z) with the written consent of the Managing Agents;

         (o) The ratings of the long term senior unsecured debt obligations of
ATTWS shall be withdrawn by S&P or Moody's or shall be less than BB+ by S&P or
Ba1 by Moody's;

         (p) A Change in Control shall have occurred;

         (q) ATTWS shall cease to own directly or indirectly, one hundred
percent (100%) of the voting securities or equity interests of the Seller;

         (r) An ERISA Event shall have occurred that, when taken together with
all other ERISA Events that have occurred, would reasonably be expected to
result in a liability of ATTWS and its Subsidiaries in an aggregate amount
exceeding $150,000,000;

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         (s) The Servicer shall resign, be replaced or otherwise cease to
perform as Servicer hereunder or the Servicer shall resign, be replaced or
otherwise cease to perform as Servicer with respect to the Receivables Assets,
unless in any such case, the successor Servicer is an Affiliate of ATTWS; or

         (t) ATTWS shall fail to make any payment or deposit required to be made
by it under the Performance Undertaking when due and such failure shall continue
for one (1) Business Day;

then, and in any such event, the Program Agent shall, at the request, or may
with the consent, of the Committed Purchasers whose Commitments exceed fifty
percent (50%) of the aggregate Commitments at such time, by notice to the
Seller, declare the Termination Date to have occurred, except that, in the case
of any event described in subsection (f) above, the Termination Date shall be
deemed to have occurred automatically upon the occurrence of such event. Upon
any such declaration or automatic occurrence, the Program Agent and the
Purchasers shall have, in addition to all other rights and remedies under this
Agreement or otherwise, all other rights and remedies provided under the UCC of
the applicable jurisdiction and other applicable laws, which rights shall be
cumulative. Upon the occurrence of the Termination Date, all obligations
hereunder shall be immediately due and payable and all Capital shall be
immediately due and payable.

                                  ARTICLE VIII
                                 INDEMNIFICATION

         SECTION 8.01. Indemnities by the Seller. Without limiting any other
rights which any Affected Party may have hereunder or under applicable law
(including, without limitation, the right to recover damages for breach of
contract), the Seller hereby agrees to indemnify any Purchaser, the Program
Agent, each Managing Agent, the Servicer (if not an Affiliate of the Seller) and
any Liquidity Provider (the "Indemnified Parties"), from and against any and all
damages, losses, claims, liabilities and related costs and expenses, including
reasonable attorneys' fees and disbursements (all of the foregoing being
collectively referred to as "Indemnified Amounts"), awarded against or incurred
by such Indemnified Party to the extent relating to or arising from or as a
result of this Agreement or the acquisition by a Purchaser of a Purchased
Interest. Without limiting the generality of the foregoing indemnification, the
Seller shall indemnify the Indemnified Parties for Indemnified Amounts relating
to or resulting from any of the following:

                  (i) the transfer of an interest in any Transferred Receivable
         other than an Eligible Receivable;

                  (ii) reliance on any representation or warranty made or deemed
         made by the Seller under this Agreement or any other Facility Document
         to which it is a party which shall have been false or incorrect in any
         respect when made or deemed made;

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                  (iii) the failure by the Seller to comply with any term,
         provision or covenant contained in this Agreement, the Sale Agreement
         or any other Facility Document to which it is party or with any
         applicable law, rule or regulation with respect to any Transferred
         Receivable, the related Contract, or the Related Security, or the
         nonconformity of any Transferred Receivable, the related Contract or
         the Related Security with any such applicable law, rule or regulation;

                  (iv) any Adverse Claim attaching to any Transferred Receivable
         or any Related Security or Collections with respect thereto, whether
         existing at the time that such Transferred Receivable initially arose
         or at any time thereafter;

                  (v) any products liability claim or personal injury or
         property damage suit or other similar or related claim or action of
         whatever sort arising out of or in connection with services the
         provision of which gave rise to or are the subject of any Transferred
         Receivable or Contract;

                  (vi) the failure to pay when due any taxes, including, without
         limitation, sales, excise or personal property taxes payable by the
         Seller, ATTWS or any Originator in connection with the Receivables
         Assets;

                  (vii) the payment by such Indemnified Party of taxes,
         including, without limitation, any taxes imposed by any jurisdiction on
         amounts payable and any liability (including penalties, interest and
         expenses) arising therefrom or with respect thereto, to the extent
         caused by the Seller's actions or failure to act in breach of this
         Agreement;

                  (viii) the failure to vest and maintain vested in the Program
         Agent or to transfer to the Program Agent, on behalf of the Purchasers
         and the Liquidity Providers, a first priority perfected ownership
         interest in the Transferred Receivables, together with all Collections
         and Related Security, free and clear of any Lien except a Lien in favor
         of any Affected Party, whether existing at the time such Transferred
         Receivable arose or at any time thereafter;

                  (ix) the failure to file, or any delay in filing, financing
         statements or other similar instruments or documents under the
         applicable UCC or other applicable laws naming the Seller as "Debtor"
         with respect to any Receivables Assets;

                  (x) any dispute, claim, offset or defense (other than as a
         result of the bankruptcy or insolvency of the related Obligor) of an
         Obligor to the payment of any Transferred Receivable (including,
         without limitation, a defense based on such Transferred Receivable not
         being a legal, valid and binding obligation of such Obligor enforceable
         against it in accordance with its terms), or any other claim resulting
         from the sale of services related to such Transferred Receivable or the
         furnishing or failure to furnish such services (other than as a result
         of the bankruptcy or insolvency of the related Obligor);

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                  (xi) the commingling of Collections with any other funds of
         the Seller, any Affiliate of the Seller or any other Person;

                  (xii) any failure by the Seller to give reasonably equivalent
         value to any Originator in consideration for the transfer by such
         Originator to the Seller of any Transferred Receivables, or any attempt
         by any Person to void any such transfer under any statutory provision
         or common law or equitable action, including, without limitation, any
         provision or the Bankruptcy Code;

                  (xiii) the failure of any Lock-Box Processor or Lock-Box Bank
         to remit any amounts or items of payment held in a Lock-Box Account or
         in a Lock-Box pursuant to the instructions of the Program Agent given
         in accordance with this Agreement, the applicable Lock-Box Agreement or
         the other Facility Documents, whether by reason of the exercise of
         setoff rights or otherwise;

                  (xiv) any investigation, litigation or proceeding related to
         this Agreement or the use of proceeds of purchases made pursuant to
         this Agreement or any other Facility Document delivered hereunder or in
         respect of any of the Purchased Assets related hereto;

                  (xv) any claim brought by any Person arising from any activity
         by the Seller or an Affiliate of the Seller in servicing, administering
         or collecting any Transferred Receivable; or

                  (xvi) the sale by the Seller or any Originator of any
         Receivable in violation of any applicable law, rule or regulation;

provided, that the Seller shall not be required to indemnify any Indemnified
Party to the extent of any amounts (w) resulting from the gross negligence or
willful misconduct of such Indemnified Party or any member of such Indemnified
Party's Purchase Group, or (x) constituting recourse for the lack of
creditworthiness of an Obligor or the failure of an Obligor to pay a Transferred
Receivable due to bankruptcy, insolvency or the financial inability of such
Obligor to pay such Transferred Receivable, or (y) constituting net income taxes
that are imposed by the United States or franchise taxes or net income taxes
that are imposed on such Indemnified Party by the state or foreign jurisdiction
under the laws of which such Indemnified Party is organized or in which it is
otherwise doing business or any political subdivision thereof, arising out of or
as a result of this Agreement or the ownership of Purchased Interests or in
respect of any Transferred Receivable or any Contract, or (z) which other
provisions of this Agreement expressly provide are not payable by the Seller
hereunder. Any amounts subject to the indemnification provisions of this Section
8.01 shall be paid by the Seller to the related Indemnified Party within five
(5) Business Days following demand therefor.

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         SECTION 8.02. Indemnities by the Servicer. The Servicer agrees to
indemnify each Indemnified Party for Indemnified Amounts arising out of or
resulting from any of the following:

                  (i) reliance on any representation or warranty made or deemed
         made by the Servicer under this Agreement or any other Facility
         Document to which it is a party, which shall have been false or
         incorrect when made or deemed made; and

                  (ii) the failure by the Servicer to comply with any term,
         provision or covenant contained in this Agreement, the Sale Agreement
         or any Facility Document to which it is party or with any applicable
         law, rule or regulation with respect to any Transferred Receivable or
         the Related Security (including, without limitation, the covenants with
         respect to commingling of Collections set forth in Section
         5.04(a)(vii)).

provided, that the Servicer shall not be required to indemnify any Indemnified
Party to the extent of any amounts (w) resulting from the gross negligence or
willful misconduct of such Indemnified Party or any member of such Indemnified
Party's Purchase Group, or (x) constituting recourse for, the lack of
creditworthiness of an Obligor or the failure of an Obligor to pay a Transferred
Receivable due to bankruptcy, insolvency or the financial inability of such
Obligor to pay such Transferred Receivable, or (y) constituting net income taxes
that are imposed by the United States or franchise taxes or net income taxes
that are imposed on such Indemnified Party by the state or foreign jurisdiction
under the laws of which such Indemnified Party is organized or in which it is
otherwise doing business or any political subdivision thereof, arising out of or
as a result of this Agreement or the ownership of Purchased Interests or in
respect of any Transferred Receivable or any Contract, or (z) which other
provisions of this Agreement expressly provide are not payable by the Servicer
hereunder. Any amounts subject to the indemnification provisions of this Section
8.02 shall be paid by the Servicer to the related Indemnified Party within five
(5) Business Days following demand therefor.

         SECTION 8.03. Materiality Considerations. Notwithstanding anything to
the contrary in this Agreement, solely for purposes of this Article VIII, any
representation, warranty or covenant qualified by materiality or the occurrence
of a Material Adverse Effect shall not be so qualified.

                                   ARTICLE IX
                                   THE AGENTS

         SECTION 9.01. Authorization and Action. Each Purchaser hereby appoints
and authorizes its related Managing Agent and the Program Agent to take such
action as agent on its behalf and to exercise such powers under this Agreement
as are delegated to such Managing Agent or the Program Agent by the terms
hereof, together with such powers as are reasonably incidental thereto. The
provisions of this Article IX are solely for the benefit of the Managing Agents,
the Program Agent and the Purchasers. The Seller shall not have any rights as a
third-party beneficiary or otherwise under any of the provisions hereof. In
performing their functions and duties hereunder, the Managing Agents shall act
solely as the agent for the respective Conduit Purchasers and the Committed
Purchasers in the related Purchase Group and do not assume nor shall be deemed
to have assumed any obligation or relationship of trust or agency

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with or for the other Purchasers, the Seller, the Servicer, the Originators,
ATTWS, any Affiliate of ATTWS or any of their respective successors and assigns.
The Program Agent shall distribute all Collections and other amounts received or
acquired by it hereunder on behalf of the applicable Purchasers or their
respective Managing Agents to such Purchasers or such Managing Agents in
accordance with Article II hereof.

         SECTION 9.02. Agents' Reliance, Etc. Neither the Program Agent nor any
Managing Agent nor any of their respective directors, officers, agents or
employees shall be liable for any action taken or omitted to be taken by it or
such Managing Agent or the Program Agent under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct.
Without limiting the generality of the foregoing, each of the Program Agent and
the Managing Agents: (i) may consult with legal counsel (including counsel for
Seller or any other Affiliate of ATTWS), independent public accountants and
other experts selected by it and shall not be liable for any action taken or
omitted to be taken in good faith by it in accordance with the advice of such
counsel, accountants or experts; (ii) makes no warranty or representation to any
Purchaser and shall not be responsible to any Purchaser for any statements,
warranties or representations made in or in connection with this Agreement;
(iii) shall not have any duty to ascertain or to inquire as to the performance
or observance of any of the terms, covenants or conditions of this Agreement on
the part of Seller or any other Affiliate of ATTWS or to inspect the property
(including the books and records) of Seller or any other Affiliate of ATTWS;
(iv) shall not be responsible to any Purchaser for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or
any other instrument or document furnished pursuant hereto; and (v) shall incur
no liability under or in respect of this Agreement by acting upon any notice
(including notice by telephone), consent, certificate or other instrument or
writing (which may be by telex) believed by it to be genuine and signed or sent
by the proper party or parties.

         SECTION 9.03. Agents and Affiliates. With respect to any Purchased
Interest (or portion thereof) held by a Managing Agent or the Program Agent,
such party shall have the same rights and powers under this Agreement as would a
Purchaser if it were holding such Purchased Interest (or portion thereof) and
may exercise the same as though such Person were not a Managing Agent or the
Program Agent hereunder. Each Managing Agent and the Program Agent and their
respective Affiliates may engage in any kind of business with Seller or any
Obligor, any of their respective Affiliates and any Person who may do business
with or own securities of Seller or any Obligor or any of their respective
Affiliates, all as if such Persons were not Managing Agents and/or Program Agent
and without any duty to account therefor to any Purchaser.

         SECTION 9.04. Purchaser's Purchase Decision. Each Purchaser
acknowledges that it has, independently and without reliance upon the Program
Agent, any Managing Agent, any of their respective Affiliates or any other
Purchaser, and based on such documents and information as it has deemed
appropriate, made its own evaluation and decision to enter into this Agreement
and, if it so determines, to purchase a Purchased Interest in Transferred
Receivables hereunder. Each Purchaser also acknowledges that it will,
independently and without reliance upon the Program Agent, any Managing Agent,
any of their respective Affiliates, or any other Purchaser,

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and based on such documents and information as it shall deem appropriate at the
time, continue to make its own decisions in taking or not taking action under
this Agreement.

         SECTION 9.05. Delegation of Duties. The Program Agent and each Managing
Agent may each execute any of its duties under this Agreement by or through
agents or attorneys-in-fact and shall be entitled to advice of counsel
concerning all matters pertaining to such duties. Neither the Program Agent nor
any Managing Agent shall be responsible for the negligence or misconduct of any
agents or attorneys-in-fact selected by it with reasonable care.

         SECTION 9.06. Successor Agents. The Program Agent and each Managing
Agent may, upon thirty (30) days' notice to Seller, each Purchaser and each
other party hereto, resign as Program Agent or Managing Agent, as applicable. If
any such party shall resign as Program Agent or Managing Agent under this
Agreement, then, in the case of the Program Agent, the Majority Committed
Purchasers, and in the case of any Managing Agent, its related Conduit
Purchasers, during such thirty-day period shall appoint a successor agent,
whereupon such successor agent shall succeed to the rights, powers and duties of
the Program Agent or applicable Managing Agent and references herein to the
Program Agent or such Managing Agent shall mean such successor agent, effective
upon its appointment; and such former Program Agent's or Managing Agent's
rights, powers and duties in such capacity shall be terminated, without any
other or further act or deed on the part of such former Program Agent or
Managing Agent or any of the parties to this Agreement. After any retiring
Program Agent's or Managing Agent's resignation hereunder as such agent, the
provisions of Article VIII, this Article IX and Section 10.07 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was
Program Agent or a Managing Agent under this Agreement.

                                    ARTICLE X
                                  MISCELLANEOUS

         SECTION 10.01. Amendments, Etc. (a) No waiver of any provision of this
Agreement nor consent to any departure by the Seller or the Servicer therefrom
shall in any event be effective unless the same shall be in writing and signed
by the Program Agent, the Managing Agents and each Committed Purchaser or, where
permitted under this Agreement, the Program Agent and the Majority Committed
Purchasers and then such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given.

         (b) No amendment to this Agreement shall be effective unless the same
shall be in writing and signed by the Majority Committed Purchasers, provided,
however, that, without the written consent of all the Committed Purchasers, no
such amendment shall (i) extend the Termination Date, (ii) extend the date of
any payment or deposit of Collections by the Seller or by the Servicer or the
time of payment of Yield, release or transfer all or any portion of the
Purchased Interests, (iii) change the amount of any Committed Purchasers
Purchased Interests other than as provided herein, (iv) change the amount of any
Group Purchase Limit other than as provided herein or increase the Purchase
Limit hereunder, (v) increase the Concentration Limit or any Special
Concentration Limit, (vi) amend, modify or waive any provision of the
definitions of Eligible Receivables, Majority Committed Purchasers, Net
Receivables Pool Balance or Required Reserves or this Section 10.01, (vii)
consent to or permit the assignment or transfer by

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<PAGE>
the Seller or any of its rights and obligations under this Agreement or of any
of its right, title or interest in or to the Transferred Receivables, (viii)
amend or modify any provision of Section 7.01 or Section 10.04, or (ix) amend or
modify any defined term (or any defined term used directly or indirectly in such
defined term) used in clauses (i) through (ix) above in a manner which would
circumvent the intention of the restrictions set forth in such clauses.

         SECTION 10.02. Notices, Etc. All notices and other communications
provided for hereunder shall, unless otherwise stated herein, be in writing
(including communication by facsimile copy) and shall be personally delivered or
sent by registered mail, return receipt requested, or by courier or by
facsimile, to each party hereto, at its address set forth under its name on
Schedule III hereof or at such other address as shall be designated by such
party in a written notice to the other parties hereto. All such notices and
communications shall be effective, upon receipt, or in the case of overnight
courier, two days after being deposited with such courier, or, in the case of
notice by facsimile, when telephonic confirmation of receipt is obtained, in
each case addressed as aforesaid.

         SECTION 10.03. No Waiver; Remedies. No failure on the part of the
Program Agent, any Managing Agent, any Purchaser or any Liquidity Provider to
exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

         SECTION 10.04. Binding Effect; Assignability.

         (a) This Agreement shall be binding upon and inure to the benefit of
the Seller, the Servicer, the Program Agent, the Managing Agents, the Purchasers
and their respective successors and permitted assigns (which successors of the
Seller shall include a trustee in bankruptcy). This Agreement shall create and
constitute the continuing obligations of the parties hereto in accordance with
its terms, and shall remain in full force and effect until the Final Collection
Date; provided, however, that the rights and remedies with respect to any breach
of any representation and warranty made by the Seller pursuant to Article IV and
the indemnification and payment provisions of Sections 2.06, 2.07, 2.08, Article
VI and Article VIII shall be continuing and shall survive any termination of
this Agreement.

         (b) The Seller may not assign any of its rights and obligations
hereunder or any interest herein without the prior written consent of the
Purchasers and the Program Agent. Each Conduit Purchaser may, without the
consent of the Seller, assign at any time all or any portion of its rights and
obligations hereunder and interests herein to any Person. Any Committed
Purchaser may, without the consent of the Seller but with the consent of the
Managing Agent for the Purchase Group of which it is a member, assign at any
time all or any portion of its rights and obligations hereunder and interests
herein to any Person; provided, however, that prior to the Termination Date, no
Committed Purchaser shall assign less than $50,000,000 of its Commitment
hereunder to any Person without the prior written consent of the Seller, such
consent not to be unreasonably withheld. Upon any such assignment, the assignee
shall succeed to and become vested with all the rights, powers, privileges and
duties of such Purchaser, and the

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<PAGE>
resigning Purchaser shall be discharged from its duties and obligations as
Purchaser hereunder. The Seller and the Servicer agree to execute or obtain such
other documentation as may be reasonably requested by the assigning Purchaser in
order to effectuate such assignment. Any Committed Purchaser may, without the
consent of the Seller, sell participation interests in its Commitment hereunder;
provided, however, that after giving effect to the sale of such participation,
such Committed Purchaser's obligations hereunder shall remain unchanged, such
Committed Purchaser shall remain solely responsible to the other parties hereto
for the performance of such obligations, all amounts payable to such Committed
Purchaser hereunder shall be determined as if such Committed Purchaser had not
sold such participation interest, and the Seller and the Program Agent shall
continue to deal solely and directly with such Committed Purchaser and not be
obligated to deal with such participant. No such participant shall be entitled
to receive any greater Other Fees hereunder than the Purchaser selling such
participation would otherwise be entitled to receive, or have the right to
consent to any amendment, modification or waiver of any provision of this
Agreement other than an amendment, modification or waiver which relates to the
timing or amount of Capital, Yield or fees payable pursuant to the terms hereof.
Notwithstanding any contrary provision contained in this Agreement, and
notwithstanding that such assignment or participation may be permitted under
this Section 10.04(b), no assignee of a Purchaser under this Section 10.04(b)
shall be entitled to receive with respect to the rights and obligations assigned
to it any greater Other Fees than the assignor Purchaser would have been
entitled to receive with respect to those rights and obligations.

         (c) Notwithstanding any other provisions of this Agreement, any
Purchaser may at any time create a security interest in all or a portion of its
rights under this Agreement or any other Facility Document in favor of the
Federal Reserve Bank in accordance with Regulation A of the Board of Governors
of the Federal Reserve System.

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         SECTION 10.05. Additional Purchase Groups. Upon the Seller's request,
an additional Purchase Group may be added to this Agreement at any time by the
execution and delivery of a Joinder Agreement by the members of such proposed
additional Purchase Group, the Seller, the Servicer, ATTWS, the Program Agent
and each of the Managing Agents, which execution and delivery shall not be
unreasonably refused by such parties. Upon the effective date of such Joinder
Agreement, (i) each Person specified therein as a "Conduit Purchaser" shall
become a party hereto as a Conduit Purchaser, entitled to the rights and subject
to the obligations of a Conduit Purchaser hereunder, (ii) each Person specified
therein as a "Committed Purchaser" shall become a party hereto as a Committed
Purchaser, entitled to the rights and subject to the obligations of a Committed
Purchaser hereunder, (iii) each Person specified therein as a "Managing Agent"
shall become a party hereto as a Managing Agent, entitled to the rights and
subject to the obligations of a Managing Agent hereunder and (iv) the Purchase
Limit shall be increased by an amount equal to the aggregate Commitments of the
Committed Purchasers party to such Joinder Agreement. On or prior to the
effective date of such Joinder Agreement, the Seller and the new Managing Agent
shall enter into a fee letter for purposes of setting forth the fees payable to
the members of such Purchase Group in connection with this Agreement, which fee
letter shall be considered a "Fee Letter" for all purposes of this Agreement.

         SECTION 10.06. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AGREE-MENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAWS BUT OTHERWISE
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES), EXCEPT TO THE EXTENT THAT THE
VALIDITY OR PERFECTION OF THE INTERESTS OF THE PURCHASERS IN THE TRANSFERRED
RECEIVABLES ASSETS OR REMEDIES HEREUNDER OR THEREUNDER, IN RESPECT THEREOF, ARE
GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK. EACH
PARTY HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY
DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE AMONG ANY OF THE
SELLER, THE SERVICER, ANY PURCHASER, ANY MANAGING AGENT OR THE PROGRAM AGENT
ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT. EACH OF THE SELLER AND THE
SERVICER HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK AND THE COURTS OF THE UNITED STATES LOCATED IN THE STATE OF
NEW YORK FOR THE PURPOSE OF ADJUDICATING ANY CLAIM OR CONTROVERSY ARISING IN
CONNECTION WITH THIS AGREEMENT OR ANY OTHER FACILITY DOCUMENT OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY AND, FOR SUCH PURPOSE, HEREBY
WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE
THEREIN OF ANY ACTION INSTITUTED HEREUNDER AND CONSENTS TO THE GRANTING OF SUCH
LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY THE COURT. NOTHING IN THIS
SECTION 10.06 SHALL AFFECT THE RIGHT OF THE SELLER, THE SERVICER, ANY PURCHASER,
ANY MANAGING AGENT OR THE PROGRAM AGENT TO BRING ANY ACTION OR PROCEEDING
AGAINST ANY PARTY HERETO OR ITS PROPERTY IN THE COURTS OF ANY OTHER
JURISDICTION.

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         SECTION 10.07. Costs, Expenses and Taxes.

         (a) In addition to the rights of indemnification under Article VIII
hereof, the Seller agrees to pay to the Program Agent and each Managing Agent on
demand (i) all reasonable costs and expenses incurred in the periodic auditing
of the Seller or the Servicer pursuant to Section 5.01(c) or 5.04(a)(iii), as
applicable, whether annually or on a more frequent basis, and (ii) all
reasonable costs and expenses of the Program Agent and each Managing Agent in
connection with the preparation, execution and delivery (including any requested
amendments, waivers or consents) of this Agreement and the other documents to be
delivered hereunder, including, without limitation, all pre-closing due
diligence expenses and the fees and out-of-pocket expenses of counsel for the
Program Agent and each Managing Agent with respect thereto and with respect to
advising the Program Agent and each Managing Agent and the related Purchasers as
to their respective rights and remedies under this Agreement, and the other
agreements executed pursuant hereto and all costs and expenses, if any
(including counsel fees and expenses), in connection with the enforcement of
this Agreement and the other agreements and documents to be delivered hereunder.

         (b) In addition, the Seller shall pay any and all stamp, sales,
transfer and other taxes and fees (including, without limitation, UCC filing
fees and any penalties associated with the late payment of any UCC filing fees)
payable or determined to be payable in connection with the execution, delivery,
filing and recording of this Agreement or the other agreements and documents to
be delivered hereunder (including any UCC financing statements) and agrees to
indemnify the Program Agent, the Managing Agents, the Purchasers and the
Liquidity Providers against any liabilities with respect to or resulting from
any delay in paying or omission to pay such taxes and fees.

         SECTION 10.08. No Proceedings. The Seller, the Servicer, each
Purchaser, each Managing Agent and the Program Agent each hereby agrees that it
will not institute against any Conduit Purchaser any proceeding of the type
referred to in Section 7.01(f) so long as any CP Notes shall be outstanding or
there shall not have elapsed one year plus one day since the last day on which
any such CP Notes shall have been outstanding.

         SECTION 10.09. Execution in Counterparts; Severability. This Agreement
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 when taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement. In case any provision in or obligation under this
Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

         SECTION 10.10. Confidentiality. Each of the parties hereto agrees to
maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its 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

                                       66
<PAGE>
made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested
by any regulatory authority, (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process or to the extent a party
determines such Information is required to be disclosed in any filing with the
Securities and Exchange Commission, (d) to any other party to this Agreement,
(e) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or any other Facility Document
or the enforcement of rights hereunder or thereunder, (f) to any independent
financial rating agencies, (g) subject to an agreement containing provisions
substantially the same as those of this Section, to any Liquidity Provider,
third-party credit enhancement provider, or any assignee of or participant in,
or any prospective assignee of or participant in, any of its rights or
obligations under this Agreement, (h) with the consent of the party providing
such Information or (i) to the extent such Information (A) becomes publicly
available other than as a result of a breach of this Section or (B) becomes
available to such party on a nonconfidential basis from a source other than the
provider of the Information. For the purposes of this Section 10.10,
"Information" means (a) all information received from ATTWS or the Seller
relating to ATTWS or its business or the Seller or its business, other than any
such information that was available to the party to this agreement receiving
such information on a nonconfidential basis prior to disclosure by ATTWS or the
Seller; and (b) any other information obtained as a result of being a party
hereto, to any related documents or to any of the transactions contemplated
hereby or thereby (including, without limitation, the contents of any summary of
indicative terms and conditions with respect to such transactions, any
information which is marked "confidential", the provisions of this Agreement and
any of the other Facility Documents and any other information regarding the
Managing Agents' administration of the respective commercial paper programs of
the Conduit Purchasers). Any Person required to maintain the confidentiality of
Information as provided in this Section 10.10 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 Information as such
Person would accord to its own confidential information.

                                       67
<PAGE>
                  IN WITNESS WHEREOF, the parties have caused this Agreement to
be executed by their respective officers thereunto duly authorized, as of the
date first above written.

                                       SIERRA NEVADA WIRELESS RECEIVABLES
                                       CORPORATION, as Seller

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       AT&T WIRELESS SERVICES OF NEVADA, INC.,
                                       as Servicer

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       CITICORP NORTH AMERICA, INC.,
                                       as Program Agent

                                       By
                                           -------------------------------------
                                           Name:
                                           Title:

<PAGE>
CNAI PURCHASE GROUP

Conduit Purchase Limit:                CIESCO L.P., as a Conduit Purchaser
$300,000,000
                                       By:  Citicorp North America, Inc.,
                                            as Attorney-in-Fact

                                            By
                                              ----------------------------------
                                              Name:
                                              Title:

Conduit Purchase Limit:                CORPORATE ASSET FUNDING COMPANY,
$300,000,000                           INC., as a Conduit Purchaser

                                       By:  Citicorp North America, Inc.,
                                            as Attorney-in-Fact

                                            By
                                              ----------------------------------
                                              Name:
                                              Title:

Commitment:  $600,000,000              CITIBANK, N.A., as a Committed Purchaser

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CITICORP NORTH AMERICA, INC., as a
                                       Managing Agent

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

<PAGE>
CIBC PURCHASE GROUP

Conduit Purchase Limit:                ASSET SECURITIZATION COOPERATIVE
$350,000,000                           CORPORATION, as a Conduit Purchaser

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

Commitment:  $350,000,000              CANADIAN IMPERIAL BANK OF
                                       COMMERCE, as a Committed Purchaser and
                                       as a Managing Agent

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

<PAGE>
BOA PURCHASE GROUP

Conduit Purchase Limit:                RECEIVABLES CAPITAL CORPORATION,
$250,000,000                           as a Conduit Purchaser

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

Commitment:  $250,000,000              BANK OF AMERICA, N.A., as a Committed
                                       Purchaser and as a Managing Agent

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

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