NII CAPITAL CORP. and the Guarantors from time to time parties hereto, as Guarantors and WILMINGTON TRUST COMPANY, as Trustee FIRST SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 8, 2011

NII CAPITAL CORP.

 

 

and the Guarantors from time to time parties hereto,

 as Guarantors

 

and

 

WILMINGTON TRUST COMPANY,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

 

DATED AS OF DECEMBER 8, 2011

FIRST SUPPLEMENTAL INDENTURE dated as of December 8, 2011 (this “First Supplemental Indenture”), among NII Capital Corp., a corporation organized under the laws of the State of Delaware, (the “Company”), the guarantors listed on the signature pages hereto (the “Guarantors”) and Wilmington Trust Company, a Delaware chartered trust company, as trustee (the “Trustee”).

 

WHEREAS, the Company, the Guarantors and the Trustee have entered into an Indenture dated as of March 29, 2011 (the “Indenture”) in connection with the issuance of $750,000,000 of the Company’s 7.625% Senior Notes due 2021 (the “Outstanding 7.625% Notes”) (capitalized terms used herein without definition have the meanings given such terms in the Indenture);

 

WHEREAS, the Company and the Guarantors desire and have requested that the Trustee join them in the execution and delivery of this First Supplemental Indenture in order to establish and provide for the issuance by the Company of an additional $700,000,000 aggregate principal amount of 7.625% Senior Notes due 2021 (the “Additional 7.625% Notes”);

 

WHEREAS, Section 2.02 of the Indenture provides for the issuance of Additional Notes and Section 9.01(viii) of the Indenture permits the Indenture to be amended or supplemented without the consent of any Holders to provide for the issuance of Additional Notes;

 

WHEREAS, the Additional 7.625% Notes shall constitute Additional Notes pursuant to the Indenture;

 

WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this First Supplemental Indenture have been complied with; and

 

WHEREAS, all things necessary to make this First Supplemental Indenture a valid supplement to the Indenture pursuant to its terms and the terms of the Indenture have been done.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

 

 

 

Pursuant to this First Supplemental Indenture, there is hereby designated an additional $700,000,000 aggregate principal amount of Additional Notes under the Indenture.

 

 

(a)           The terms of the Additional 7.625% Notes shall be identical to the terms of the Outstanding 7.625% Notes.  The Additional 7.625% Notes shall initially be evidenced by a Global Note substantially in the form of Exhibit A to the Indenture and shall accrue interest from October 1, 2011 and have the same terms, including without limitation, the same maturity date, interest rate, redemption and other provisions and interest payment dates as the Outstanding 7.625% Notes, and will be part of the same series as the Outstanding 7.625% Notes.

 

(b)           The Additional 7.625% Notes shall be issued on December 8, 2011.

 

 

 

Additional 7.625% Notes in the aggregate principal amount equal to $700,000,000 may, upon execution of this First Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and make available for delivery such Additional 7.625% Notes pursuant to Section 2.02 of the Indenture and Section 1.02 of this First Supplemental Indenture.

 

 

 

 

Each Global Note representing Additional 7.625% Notes shall bear the legends set forth in Section 2.01(b) of the Indenture applicable to such Global Note.

 

 

THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FIRST SUPPLEMENTAL INDENTURE, THE NOTES AND THE NOTE GUARANTEES.

 

 

The parties may sign any number of copies of this First Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

 

The Headings of the Articles and Sections of this First Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this First Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

[Signature pages follow.]

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

 

	NII CAPITAL CORP.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  Executive VP, General Counsel and Secretary
	NII HOLDINGS, INC.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  Executive VP,  General Counsel
		and Secretary
	NEXTEL INTERNATIONAL (SERVICES), LTD.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  VP and Secretary
	NII FUNDING CORP.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  VP and Secretary
	NII AVIATION, INC.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  VP and Secretary
	NII GLOBAL HOLDINGS, INC.
	By:	/s/ Gary D. Begeman
		Name:  Gary D. Begeman
		Title:  VP and Secretary

 

 

 

	WILMINGTON TRUST COMPANY,
		as Trustee
	By:	/s/ Joshua C. Jones
		Name:  Joshua C. Jones
		Title:  Financial Services Officer