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Intercreditor Agreement

 

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Title:

Intercreditor Agreement

Entities:

Citibank, NA; Motorola, Inc.; NII Holdings, Inc.; McDermott, Will & Emery

Date:

2002

Size:

Preview shows 25KB of 98KB total

Price:

$41

ID:

#412620

 

 

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INTERCREDITOR AGREEMENT

 

BY AND AMONG:

 

MOTOROLA CREDIT CORPORATION, IN ITS CAPACITY AS THE
LENDER UNDER THE NEW MEFA AND NEW EFA

THE PERSONS LISTED ON SCHEDULES 1, 3 AND 4

WILMINGTON TRUST COMPANY, AS THE NII INDENTURE TRUSTEE,
FOR THE BENEFIT OF THE NII SENIOR NOTEHOLDERS

CITIBANK, N.A., IN ITS CAPACITY AS COLLATERAL AGENT

AND

MOTOROLA CREDIT CORPORATION, IN ITS CAPACITY AS THE LIENHOLDER FOR THE
BENEFIT OF THE BENEFITED PARTIES

 

 

 

 

DATED: NOVEMBER 12, 2002


 


 

TABLE OF CONTENTS

             
        PAGE
 
SECTION 1.   DEFINITIONS
    3  
 
SECTION 2.   THE COLLATERAL AGENT
    9  
 
   
Section 2.1     Appointment of Collateral Agent
    9  
 
   
Section 2.2     Authorization to Execute Documents
    10  
 
   
Section 2.3     Duties of Collateral Agent
    10  
 
   
Section 2.4     Requesting Instructions
    10  
 
   
Section 2.5     Administrative Actions and Release of Collateral
    10  
 
   
Section 2.6     Retention of Attorneys and Other Agents; Collateral Agent Matters
    11  
 
   
Section 2.7     Resignation of Collateral Agent
    12  
 
   
Section 2.8     Compensation and Indemnification of Collateral Agent and MCC as Lienholder by Obligors etc.
    13  
 
   
Section 2.9     Indemnification of Collateral Agent and MCC as Lienholder by MCC
    13  
 
   
Section 2.10   Liability of Collateral Agent and MCC as Lienholder
    13  
 
   
Section 2.11   No Reliance on Collateral Agent or MCC as Lienholder
    14  
 
   
Section 2.12   Appointment of Sub-Collateral Agent; sub-agent for MCC as Lienholder
    15  
 
   
Section 2.13   Limitation on Duties of Collateral Agent and MCC as Lienholder in Respect of Collateral
    17  
 
SECTION 3.   MCC AS LIENHOLDER
    17  
 
   
Section 3.1     MCC as Lienholder as Collateral Agent
    17  
 
   
Section 3.2     Authorization to Execute Documents
    18  
 
   
Section 3.3     Duties of MCC as Lienholder as Collateral Agent
    18  
 
   
Section 3.4     No Reliance on MCC as Lienholder
    18  
 
   
Section 3.5     Liability of MCC as Lienholder
    18  
 
SECTION 4.   ENFORCEMENT ACTIONS BY THE COLLATERAL AGENT AND MCC AS LIENHOLDER
    19  
 
   
Section 4.1     Enforcement Actions By the Collateral Agent and MCC as Lienholder
    19  
 
   
Section 4.2     Proceeds Received by Collateral Agent
    21  
 
   
Section 4.3     Certain Payments Held in Trust
    23  

-i-


 

TABLE OF CONTENTS
(continued)


 
           
      PAGE
 
 
Section 4.4     Application of Proceeds by Benefited Parties
    23  
 
SECTION 5.   ADDITIONAL GUARANTIES OR LIENS; PROCEEDINGS
    24  
 
 
Section 5.1     Additional Guaranties or Liens
    24  
 
 
Section 5.2     Proceedings
    24  
 
SECTION 6.   MISCELLANEOUS
    25  
 
 
Section 6.1     Entire Agreement; Relation of Benefited Parties
    25  
 
 
Section 6.2     Continued Effectiveness of this Agreement
    25  
 
 
Section 6.3     Cumulative Rights, No Waivers
    25  
 
 
Section 6.4     Notices
    25  
 
 
Section 6.5     Severability
    27  
 
 
Section 6.6     Successors and Assigns
    27  
 
 
Section 6.7     Counterparts
    27  
 
 
Section 6.8     Conflict
    27  
 
 
Section 6.9     Headings
    27  
 
 
Section 6.10   Default Notices
    27  
 
 
Section 6.11   No Contest of Liens, Collateral and Guaranties
    28  
 
 
Section 6.12   APPLICABLE LAW
    28  
 
 
Section 6.13   JURISDICTION AND VENUE
    28  
 
 
Section 6.14   WAIVER OF RIGHT TO JURY TRIAL
    28  
 
 
Section 6.15   Termination
    29  
 
 
Section 6.16   Amendments
    29  
 
 
Section 6.17   Non-Reliance
    29  
 
 
Section 6.18   MCC Powers of Attorney
    29

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