Consent by Tritel, Inc. for TeleCorp PCS, Inc. to Issue Senior Subordinated Notes under Merger Agreement

Summary

This document records Tritel, Inc.'s consent for TeleCorp PCS, Inc. to issue up to $450 million in Senior Subordinated Notes, as required by their existing Agreement and Plan of Reorganization and Contribution dated February 28, 2000, which also involves AT&T Wireless Services, Inc. The consent is necessary because the original agreement restricts TeleCorp from incurring certain levels of additional unsecured debt without approval. The consent is formalized by Tritel's Chairman and CEO as of July 10, 2000.

EX-10.93 12 0012.txt CONSENT PURSUANT TO SECTION 6.2(A) Exhibit 10.93 CONSENT PURSUANT TO SECTION 6.2(a) OF THE AGREEMENT AND PLAN OF REORGANIZATION AND CONTRIBUTION WHEREAS, TeleCorp PCS, Inc. ("Telecorp"), Tritel, Inc. ("Tritel") and AT&T Wireless Services, Inc. are parties to that certain Agreement and Plan of Reorganization and Contribution dated as of February 28, 2000 (the "Merger Agreement"); WHEREAS, TeleCorp desires to issue Senior Subordinated Notes (the "Notes") in an aggregate principal amount of up to $450,000,000, which Notes are to be subordinated on a senior subordinated basis by TeleCorp Communications, Inc.; WHEREAS, inter alia, Sections 6.2(a)(iii)(I) and (M) of the Merger Agreement restrict TeleCorp's ability to incur additional unsecured indebtedness in an aggregate amount that exceeds $100,000,000; and WHEREAS, TeleCorp seeks a consent from Tritel to issue the Notes; NOW THEREFORE, for other good and valuable consideration: Pursuant to Section 6.2(a) of the Merger Agreement, Tritel hereby consents to the issuance of the Notes by TeleCorp. Dated as of July 10, 2000. Tritel, Inc. By:/s/ William M. Mounger, II -------------------------- William M. Mounger, II Chairman & Chief Executive Officer