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Document Preview Asset Acquisition Agreement |
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Title: |
Asset Acquisition Agreement |
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Entities: |
Arch Wireless Inc.; Bear, Stearns & Co. Inc.; Nextel Communications Inc.; Bank of New York; Hale and Dorr LLP; Jones, Day, Reavis & Pogue |
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Date: |
2001 |
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Size: |
Preview shows 9KB of 160KB total |
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Price: |
$51 |
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ID: |
#338414 |
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ASSET ACQUISITION AGREEMENT
dated as of
January 24, 2001
by and among
UNRESTRICTED SUBSIDIARY FUNDING COMPANY
and
ARCH WIRELESS, INC.,
PAGENET SMR SUB, INC.,
AWI SPECTRUM CO. HOLDINGS, INC.
and
AWI SPECTRUM CO., LLC
{PAGE}
TABLE OF CONTENTS
Page
ARTICLE 1 TRANSFER OF PURCHASED ASSETS; LOANS; PURCHASE AND
SALE OF THE PURCHASED ASSETS; PURCHASE PRICE..................2
Section 1.01 Transfer of Purchased Assets.............................2
Section 1.02 Loans and Opinions.......................................2
Section 1.03 Purchase and Sale of Purchased Assets....................3
Section 1.04 No Liens; Assumption of Liabilities......................3
Section 1.05 Purchase Price...........................................3
Section 1.06 License Delivery.........................................4
Section 1.07 Closing..................................................5
Section 1.08 Partial Closing..........................................5
ARTICLE 2 REPRESENTATIONS AND WARRANTIES OF ARCH, PAGENET
SMR, SPV HOLDINGS AND SPV.....................................6
Section 2.01 Corporate Organization...................................6
Section 2.02 Corporate Authorization..................................7
Section 2.03 Compliance with Laws.....................................8
Section 2.04 No Conflict..............................................9
Section 2.05 Litigation...............................................9
Section 2.06 Real Estate..............................................9
Section 2.07 Purchased Assets.........................................9
Section 2.08 Financial Statements....................................10
Section 2.09 Liabilities.............................................10
Section 2.10 Taxes...................................................10
Section 2.11 Contracts...............................................10
Section 2.12 Brokers.................................................11
Section 2.13 Employee Benefit Matters................................11
Section 2.14 Customers...............................................12
Section 2.15 Regulatory Matters......................................12
Section 2.16 Transfers of Purchased Assets to SPV....................15
Section 2.17 Bankruptcy..............................................15
Section 2.18 Approvals...............................................16
Section 2.19 Conveyance Documents....................................16
i
{PAGE}
TABLE OF CONTENTS
(Continued)
Section 2.20 No Misstatements or Omissions...........................16
ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF NEXTEL.....................16
Section 3.01 Corporate Organization; Authorization...................16
Section 3.02 No Conflict.............................................17
Section 3.03 Litigation..............................................17
Section 3.04 Compliance with Laws....................................17
Section 3.05 Brokers.................................................17
ARTICLE 4 COVENANTS OF ARCH, PAGENET SMR, SPV HOLDINGS AND SPV.........18
Section 4.01 Conduct of Business.....................................18
Section 4.02 Inspection..............................................18
Section 4.03 Restraint on Solicitations..............................19
Section 4.04 Update Information......................................19
Section 4.05 Further Assurances......................................20
Section 4.06 Tax Returns.............................................20
Section 4.07 Management Agreements...................................20
Section 4.08 License Infrastructure Construction.....................21
Section 4.09 Transition Services.....................................22
Section 4.10 Use of Proceeds.........................................22
Section 4.11 Other Business..........................................23
Section 4.12 Compliance with SPV Limited Liability Company Agreement.23
Section 4.13 Payment of Undelivered License Amount...................23
Section 4.14 Limitations on Actions with Respect to Series F Preferred
Stock...................................................24
ARTICLE 5 JOINT COVENANTS..............................................24
Section 5.01 Confidentiality.........................................24
Section 5.02 Substitute of Subsidiary................................24
Section 5.03 Antitrust Filing........................................24
Section 5.04 Support of Transactions.................................24
Section 5.05 Indemnification.........................................25
ii
{PAGE}
TABLE OF CONTENTS
(Continued)
Section 5.06 FCC Approval............................................27
Section 5.07 Marketing Alliance Agreement............................28
Section 5.08 Exclusive Remedies......................................28
ARTICLE 6 FUNDING......................................................28
Section 6.01 Documents to be Delivered by Arch, PageNet SMR, SPV
Holdings or SPV.........................................28
Section 6.02 Documents to be Delivered by Nextel.....................30
ARTICLE 7 CLOSING......................................................31
Section 7.01 Documents to be Delivered by Arch, PageNet SMR, SPV
Holdings or SPV.........................................31
Section 7.02 Documents to be Delivered by Nextel.....................32
ARTICLE 8 CONDITIONS TO FUNDING OBLIGATIONS............................33
Section 8.01 Conditions to Obligations of Nextel, Arch, PageNet SMR,
SPV Holdings and SPV with Respect to Funding............33
Section 8.02 Conditions to Obligations of Nextel with Respect to
Funding.................................................33
Section 8.03 Conditions to the Obligations of Arch, PageNet SMR,
SPV Holdings and SPV with Respect to the Funding........34
ARTICLE 9 CONDITIONS TO CLOSING OBLIGATIONS............................35
Section 9.01 Conditions to Closing Obligations of Nextel, Arch, PageNet
SMR, SPV Holdings and SPV...............................35
Section 9.02 Conditions to Closing Obligations of Nextel.............35
Section 9.03 Conditions to the Closing Obligations of Arch, PageNet
SMR, SPV Holdings and SPV...............................36
ARTICLE 10 TERMINATION/EFFECTIVENESS....................................37
Section 10.01 Termination.............................................37
Section 10.02 Effect..................................................38
ARTICLE 11 MISCELLANEOUS................................................39
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