SEC Contract Filing

Filing Date: 2015-02-24

Document Content:
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<TYPE>EX-10.54
<SEQUENCE>12
<FILENAME>d846752dex1054.htm
<DESCRIPTION>EX-10.54
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<TITLE>EX-10.54</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.54 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SECOND AMENDMENT TO LOAN AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Second Amendment to Loan Agreement (this &#147;<U>Amendment</U>&#148;) is made as of February&nbsp;20, 2015, by and among <B>AMERICAN
TOWER CORPORATION</B>, as Borrower (the &#147;<U>Company</U>&#148;), <B>TORONTO DOMINION (TEXAS) LLC,</B> as Administrative Agent (the &#147;<U>Administrative Agent</U>&#148;), and the financial institutions whose names appear as lenders on the
signature page hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company and the Administrative Agent are party to that certain Amended and Restated Loan
Agreement, dated as of September&nbsp;19, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the &#147;<U>Loan Agreement</U>&#148;) among the Company, the Administrative Agent and the Lenders from
time to time party thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company, the Administrative Agent and the Lenders who are signatories hereto and who
constitute Majority Lenders have agreed to amend the Loan Agreement pursuant to Section&nbsp;12.12 of the Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,
pursuant to Section&nbsp;2.14 of the Loan Agreement, the Company has requested Incremental Commitments in an aggregate amount of $500,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW</B>, <B>THEREFORE</B>, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the
parties hereto, the parties hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. DEFINED TERMS. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings given to them in the Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. AMENDMENT. The Loan Agreement is hereby amended as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Section&nbsp;1.1 of the Loan Agreement is hereby amended by inserting the following definition of &#147;Verizon Transaction&#148;: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Verizon Transaction</U>&#148; means that certain transaction among the Company, Verizon Communications, Inc. and certain of their
affiliates pursuant to that certain Master Agreement dated February&nbsp;5, 2015.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Section&nbsp;2.14 of the Loan Agreement is
hereby amended by deleting &#147;$2,000,000,000&#148; in clause (iii)&nbsp;thereof and replacing it with &#147;$2,500,000,000&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)
Section&nbsp;7.6 of the Loan Agreement is hereby amended by deleting the text thereof and inserting in its place the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;As of the end of each fiscal quarter, the Company shall not permit the ratio of (a)&nbsp;Total Debt on such calculation
date to (b)&nbsp;Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than (i)&nbsp;for the fiscal quarters ended December&nbsp;31, </P>

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2014 through the end of the fiscal quarter ended immediately prior to the closing of the Verizon Transaction, 6.00 to 1.00, (ii)&nbsp;for the first and second fiscal quarters ending on or after
the closing of the Verizon Transaction, 7.25 to 1.00, (iii)&nbsp;for the two subsequent fiscal quarters, 7.00 to 1.00 and (iv)&nbsp;thereafter, 6.00 to 1.00, provided, that, solely for purposes of Section&nbsp;7.1(i)(ii) and the determination of pro
forma compliance, the ratio shall be deemed to be 7.25 to 1.00 as of the end of the fiscal quarter ended immediately prior to the closing of the Verizon Transaction.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. BRING-DOWN OF REPRESENTATIONS<B>.</B> The Company hereby certifies that, as of the date of this Amendment, (i)&nbsp;the representations and
warranties contained in Section&nbsp;4.1 of the Loan Agreement are true and correct in all material respects, except for those representations and warranties that are qualified by materiality or Materially Adverse Effect, which shall be true and
correct, both before and after giving effect to this Amendment, and after giving effect to any updates to information provided to the Lenders in accordance with the terms of the Loan Agreement except to the extent stated to have been made as of the
Agreement Date, and (ii)&nbsp;no Default exists. </P> <P STYLE="margin-top: