FairPoint Communications 2002 Annual Report Download - page 189

Dated:
FAIRPOINT COMMUNICATIONS, INC.
By:
---------------------------
Name:
Title:
By:
---------------------------
Name:
Title:
TRUSTEE'S CERTIFICATE OF
AUTHENTICATION
THE BANK OF NEW YORK,
as Trustee, certifies
that this is one of
the Securities referred
to in the Indenture.
By:
------------------------------
Authorized Signatory
[FORM OF REVERSE SIDE OF INITIAL SECURITY]
11 7/8% Senior Note due 2010
INTEREST
FairPoint Communications, Inc., a Delaware corporation (such corporation, and
its successors and assigns under the Indenture hereinafter referred to, being
herein called the "Company"), promises to pay interest on the principal amount
of this Security at the rate per annum shown above. The Company will pay
interest semi-annually on March 1 and September 1 of each year commencing
September 1, 2003. Interest on the Securities will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from
March 6, 2003. Interest will be computed on the basis of a 360-day year of
twelve 30-day months. The Company shall pay interest on overdue principal at the
rate borne by the Securities plus 1% per annum, and it shall pay interest on
overdue installments of interest at the rate borne by the Securities to the
extent lawful.
Additional Interest. The holder of this Security is entitled to the benefits
of a Registration Rights Agreement, dated March 3, 2003, among the Company and
the Initial Purchasers named therein (the "Registration Rights Agreement").
Capitalized terms used in this paragraph (b) but not defined herein have the
meanings assigned to them in the Registration Rights Agreement. In the event
that (i) neither the Exchange Offer Registration Statement nor the Shelf
Registration Statement has been filed with the Commission on or prior to the
90th day following the date of the original issuance of the Securities, (ii) the
Exchange Offer Registration Statement has not been declared effective on or
prior to the 180th day following the date of the original issuance of the
Securities, (iii) neither the Registered Exchange Offer has been consummated nor
the Shelf Registration Statement has been declared effective on or prior to the
210th day following the date of the original issuance of the Securities, or (iv)
after either the Exchange Offer Registration Statement or the Shelf Registration
Statement has been declared effective, such Registration Statement thereafter