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Master Equipment Financing Agreement

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Title:

Master Equipment Financing Agreement

Entities:

Chase Manhattan Bank; Citibank, NA; Motorola, Inc.; Nextel Communications Inc.; NII Funding Corp ; NII Holdings, Inc.

Date:

2002

Size:

Preview shows 44KB of 355KB total

Price:

$81

ID:

#2136140

► Financing ► Financing ► Equipment ► Master Equipment Financing Agreements
► Miscellany ► Fortune 100
► Financial
► Services ► Communications Services
► Technology ► Communications Equipment

Start of Preview

MASTER EQUIPMENT FINANCING AGREEMENT

dated as of

November 12, 2002

by and between

NII HOLDINGS (CAYMAN), LTD.,

NEXTEL DEL PERU, S.A.,

TELETRANSPORTES INTEGRALES, S.A. DE C.V.,

THE LENDERS NAMED HEREIN,

MOTOROLA CREDIT CORPORATION,

as Administrative Agent,

and

CITIBANK, N.A.,

as Collateral Agent

TABLE OF CONTENTS


		Page

SECTION 1 DEFINITIONS			2




	Section 1.1 Defined Terms		2




	Section 1.2 Interpretation		32




	Section 1.3 Accounting Principles and Terms		32




SECTION 2 ADVANCES			33




	Section 2.1 Commitments		33




	Section 2.2 Procedure for Borrowing; Tranche A Advances		33




	Section 2.3 Evidence of Debt		35




	Section 2.4 Repayment of Principal of Advances		36




	Section 2.5 Prepayments		37




	Section 2.6 Interest; Fees		40




	Section 2.7 Payments		41




	Section 2.8 Conversion and Continuation		42




	Section 2.9 Use of Proceeds		43




	Section 2.10 Change in Law		43




	Section 2.11 Illegality		43




	Section 2.12 Pro Rata Treatment		44




	Section 2.13 Sharing of Setoffs		44




SECTION 3 FUNDING AND YIELD PROTECTION			45




	Section 3.1 Taxes, Duties, Fees and Charges		45




	Section 3.2 Change in Circumstances		47




SECTION 4 EXPENSES; INDEMNIFICATION; FEES			49




	Section 4.1 Expenses		49




	Section 4.2 Indemnification		50




SECTION 5 GUARANTEES			50




	Section 5.1 Guarantees		50




SECTION 6 SECURITY			51




	Section 6.1 Security		51




	Section 6.2 Execution of Documents by Collateral Agent		53

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TABLE OF CONTENTS
(continued)


		Page





SECTION 7 REPRESENTATIONS AND WARRANTIES			54




	Section 7.1 Organization		54




	Section 7.2 Power; Authority		55




	Section 7.3 Governmental Approvals; Licenses		55




	Section 7.4 Execution, Enforceability, Violation of Law and Agreements		57




	Section 7.5 Financial Statements; Business Plan; Solvency		58




	Section 7.6 Taxes		59




	Section 7.7 Properties		59




	Section 7.8 Compliance with Laws		60




	Section 7.9 Intellectual Property		61




	Section 7.10 Burdensome Documents; Agreements with Affiliates; Other Agreements		61




	Section 7.11 Security Documents		62




	Section 7.12 Judgments, Actions, Proceedings		62




	Section 7.13 No Defaults		62




	Section 7.14 Strikes		62




	Section 7.15 Accuracy of Information		62




	Section 7.16 Survival of Representations and Warranties		63




	Section 7.17 ERISA		63




	Section 7.18 Use of Proceeds		64




	Section 7.19 Investment Company		64




	Section 7.20 Guarantees and Security Documents		64




SECTION 8 AFFIRMATIVE COVENANTS			65




	Section 8.1 Performance of Obligations		65




	Section 8.2 Annual Financial Statements		66




	Section 8.3 Quarterly Financial Statements		66




	Section 8.4 Other Information		67




	Section 8.5 Access to Books; Inspections		68




	Section 8.6 Governmental Approvals; Licenses		68




	Section 8.7 Insurance		69




	Section 8.8 Continuance of Business		69

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TABLE OF CONTENTS

(continued)


		Page





	Section 8.9 Maintenance and Repairs		69




	Section 8.10 Compliance with Law		69




	Section 8.11 Notices		71




	Section 8.12 Security; Further Assurances		72




	Section 8.13 Construction of the Systems		72




	Section 8.14 Maintenance of Licenses		73




	Section 8.15 Financial Covenants		73




	Section 8.16 Update of Security Documents		79




	Section 8.18 Unencumbered Cash		79




	Section 8.19 Disposition of Certain Assets		79




SECTION 9 NEGATIVE COVENANTS			80




	Section 9.1 Indebtedness		80




	Section 9.2 Guarantees		81




	Section 9.3 Transfer		81




	Section 9.4 Liens		81




	Section 9.5 Mergers; Acquisitions		82




	Section 9.6 Distributions; Redemptions		82




	Section 9.7 Stock Issuance		83




	Section 9.8 Amendment of Documents and Organization		83




	Section 9.9 Investments; Loans; Advances		84




	Section 9.10 Transactions with Affiliates		86




	Section 9.11 Changes in Business		87




	Section 9.12 Prepayments		87




	Section 9.13 ERISA Obligations		87




	Section 9.14 Sale and Leaseback Transactions		87




	Section 9.15 New Subsidiaries		88




SECTION 10 CONDITIONS PRECEDENT; CLOSING DELIVERIES			88




	Section 10.1 Conditions to Initial Advance		88




	Section 10.2 Closing Date Deliveries		88




	Section 10.3 Conditions to All Advances		91




SECTION 11 EVENTS OF DEFAULT			92

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TABLE OF CONTENTS

(continued)


		Page





	Section 11.1 Events of Default		92




	Section 11.2 Remedies		96




	Section 11.3 Cumulative Rights		98




	Section 11.4 Waiver of Demand; Setoff		98




	Section 11.5 Waiver of Notice		99




	Section 11.6 Waiver of Jury Trial		99




SECTION 12 The Administrative Agent			99




SECTION 13 MISCELLANEOUS			101




	Section 13.1 Waiver of Sovereign Immunity		101




	Section 13.2 Venue for Suit

End of Preview

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