This excerpt taken from the GLBC 8-K filed Jun 1, 2006.
2.1 Accounts Receivable Facility. Section 1.8 of the Restructuring Agreement is amended to read in its entirety as follows:
1.8. Accounts Receivable Facility. Global Crossing may establish one or more Working Capital Facilities (as such term is defined in the GCL Notes Indenture, as it may be amended from time to time) with certain lenders secured by certain assets of Global Crossing or
one or more of its subsidiaries or groups of subsidiaries, which Working Capital Facilities will be on terms and conditions reasonably acceptable to STT Crossing. In connection with any such Working Capital Facility, STT Crossing, as holder of the GCL Notes, intends to negotiate in good faith with the lenders thereunder an intercreditor agreement relating to such Working Capital Facility. In connection with, and at the time of, the execution of the documentation establishing any such Working Capital Facility, Global Crossing will pay STT Crossing a 175 basis point consent fee, in the aggregate, calculated based on the committed amount under such Working Capital Facility at the time the Working Capital Facility is established. Nothing in this Section 1.8 shall oblige STT Crossing to enter into an intercreditor agreement if Section 6.04 of the Indenture does not so require.
2.2 Ratification. Other than as hereby modified, each of the parties hereto hereby ratifies the terms of the Restructuring Agreement.