Common use of Financial Ratios Clause in Contracts

Financial Ratios. UPC Distribution will procure that: (a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 30th September, 2004 6.10:1 31st December, 2004 5.85:1 31st March, 2005 5.70:1 30th June, 2005 5.40:1 30th September, 2005 5.20:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 Thereafter 3.00:1 (b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 30th June, 2004 1.45:1 30th September, 2004 1.45:1 31st December, 2004 1.50:1 31st March, 2005 1.75:1 30th June, 2005 1.80:1 30th September, 2005 1.80:1 31st December, 2005 1.90:1 31st March, 2006 2.00:1 Thereafter 2.00:1 (c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 30th September, 2004 0.90:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 30th June, 2005 1.40:1 30th September, 2005 1.40:1 31st December, 2005 1.40:1 31st March, 2006 1.50:1 30th June, 2006 1.35:1 30th September, 2006 1.40:1 31st December, 2006 1.40:1 31st March, 2007 1.40:1 Thereafter 1.50:1 (d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 31st December, 2004 2.00:1 31st March, 2005 2.25:1 30th June, 2005 2.25:1 30th September, 2005 2.25:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 Thereafter 2.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 7.50:1 31st December, 2003 7.25:1 31st March, 2004 7.00:1 30th June, 2004 7.00:1 30th September, 2004 7.00:1 31st December, 2004 7.00:1 31st March, 2005 7.00:1 30th June, 2005 6.75:1 30th September, 2005 6.50:1 31st December, 2005 6.25:1 31st March, 2006 5.75:1 Thereafter 5.75:1

Financial Ratios. UPC Distribution will procure that: (a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 5.90:1 30th September, 2004 6.10:1 5.40:1 31st December, 2004 5.85:1 4.90:1 31st March, 2005 5.70:1 4.80:1 30th June, 2005 5.40:1 4.60:1 30th September, 2005 5.20:1 4.40:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 4.10:1 Thereafter 3.00:14.00:1 (b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 2.00:1 30th June, 2004 1.45:1 2.25:1 30th September, 2004 1.45:1 2.50:1 31st December, 2004 1.50:1 2.50:1 31st March, 2005 1.75:1 2.50:1 30th June, 2005 1.80:1 2.50:1 30th September, 2005 1.80:1 2.75:1 31st December, 2005 1.90:1 2.75:1 31st March, 2006 2.00:1 2.75:1 30th June, 2006 2.75:1 Thereafter 2.00:13.00:1 (c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 1.50:1 30th September, 2004 0.90:1 1.50:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 2.25:1 30th June, 2005 1.40:1 2.25:1 30th September, 2005 1.40:1 2.25:1 31st December, 2005 1.40:1 2.25:1 31st March, 2006 1.50:1 2.25:1 30th June, 2006 1.35:1 1.00:1 30th September, 2006 1.40:1 1.00:1 31st December, 2006 1.40:1 0.65:1 31st March, 2007 1.40:1 0.65:1 Thereafter 1.50:11.00:1 (d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 2.50:1 31st December, 2004 2.00:1 2.65:1 31st March, 2005 2.25:1 2.80:1 30th June, 2005 2.25:1 2.85:1 30th September, 2005 2.25:1 3.05:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 3.15:1 Thereafter 2.40:1 3.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 7.50:1 31st December, 2003 7.25:1 31st March, 2004 7.00:1 30th June, 2004 7.00:1 30th September, 2004 7.00:1 31st December, 2004 7.00:1 31st March, 2005 7.00:1 30th June, 2005 6.75:1 30th September, 2005 6.50:1 31st December, 2005 6.25:1 31st March, 2006 5.75:1 Thereafter 5.75:1

Financial Ratios. UPC Distribution will procure that: (a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 5.90:1 30th September, 2004 6.10:1 5.40:1 31st December, 2004 5.85:1 4.90:1 31st March, 2005 5.70:1 4.80:1 30th June, 2005 5.40:1 4.60:1 30th September, 2005 5.20:1 4.40:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 Thereafter 3.00:14.10:1 thereafter 4.00:1 (b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 2.00:1 30th June, 2004 1.45:1 2.25:1 30th September, 2004 1.45:1 2.50:1 31st December, 2004 1.50:1 2.50:1 31st March, 2005 1.75:1 2.50:1 30th June, 2005 1.80:1 2.50:1 30th September, 2005 1.80:1 2.75:1 31st December, 2005 1.90:1 2.75:1 31st March, 2006 2.00:1 2.75:1 30th June, 2006 2.75:1 Thereafter 2.00:13.00:1 (c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 1.50:1 30th September, 2004 0.90:1 1.50:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 2.25:1 30th June, 2005 1.40:1 2.25:1 30th September, 2005 1.40:1 2.25:1 31st December, 2005 1.40:1 2.25:1 31st March, 2006 1.50:1 2.25:1 30th June, 2006 1.35:1 1.00:1 30th September, 2006 1.40:1 1.00:1 31st December, 2006 1.40:1 0.65:1 31st March, 2007 1.40:1 0.65:1 Thereafter 1.50:11.00:1 (d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 2.50:1 31st December, 2004 2.00:1 2.65:1 31st March, 2005 2.25:1 2.80:1 30th June, 2005 2.25:1 2.85:1 30th September, 2005 2.25:1 3.05:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 Thereafter 2.40:1 3.15:1 thereafter 3.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 7.50:1 31st December, 2003 7.25:1 31st March, 2004 7.00:1 30th June, 2004 7.00:1 30th September, 2004 7.00:1 31st December, 2004 7.00:1 31st March, 2005 7.00:1 30th June, 2005 6.75:1 30th September, 2005 6.50:1 31st December, 2005 6.25:1 31st March, March 2006 5.75:1 Thereafter 5.75:1

Financial Ratios. UPC Distribution Broadband will procure that: (a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 7.75:1 31st December, 2003 6.75:1 31st March, 2004 6.75:1 30th June, 2004 6.25:1 5.90:1 30th September, 2004 6.10:1 5.40:1 31st December, 2004 5.85:1 4.90:1 31st March, 2005 5.70:1 4.80:1 30th June, 2005 5.40:1 4.60:1 30th September, 2005 5.20:1 4.40:1 31st December, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 4.10:1 Thereafter 3.00:14.00:1 (b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 1.90:1 2.00:1 30th June, 2004 1.45:1 2.25:1 30th September, 2004 1.45:1 2.50:1 31st December, 2004 1.50:1 2.50:1 31st March, 2005 1.75:1 2.50:1 30th June, 2005 1.80:1 2.50:1 30th September, 2005 1.80:1 2.75:1 31st December, 2005 1.90:1 2.75:1 31st March, 2006 2.00:1 2.75:1 30th June, 2006 2.75:1 Thereafter 2.00:1 3.00:1 (c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st December, 2003 1.00:1 31st March, 2004 1.00:1 30th June, 2004 0.90:1 1.50:1 30th September, 2004 0.90:1 1.50:1 31st December, 2004 1.50:1 31st March, 2005 1.60:1 30th June, 2005 1.40:1 30th September, 2005 1.40:1 31st December, 2005 1.40:1 31st March, 2006 1.50:1 30th June, 2006 1.35:1 30th September, 2006 1.40:1 31st December, 2006 1.40:1 31st March, 2007 1.40:1 Thereafter 1.50:1 (d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 31st December, 2004 2.00:1 31st March, 2005 2.25:1 30th June, 2005 2.25:1 30th September, 2005 2.25:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 2.25:1 30th June, 2006 2.35:1 Thereafter 2.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 1.00:1 30th September, 2003 7.50:1 2006 1.00:1 31st December, 2003 7.25:1 2006 1.00:1 31st March, 2004 7.00:1 30th June, 2004 7.00:1 30th September, 2004 7.00:1 31st December, 2004 7.00:1 31st March, 2005 7.00:1 30th June, 2005 6.75:1 30th September, 2005 6.50:1 31st December, 2005 6.25:1 31st March, 2006 5.75:1 2007 1.00:1 Thereafter 5.75:11.00:1

Financial Ratios. UPC Distribution Broadband will procure that: (a) the ratio of Senior Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th SeptemberSeptember 30, 2003 7.75:1 31st DecemberDecember 31, 2003 6.75:1 31st MarchMarch 31, 2004 6.75:1 30th JuneJune 30, 2004 6.25:1 30th September5.90:1 September 30, 2004 6.10:1 31st December5.40:1 December 31, 2004 5.85:1 31st March4.90:1 March 31, 2005 5.70:1 30th June4.80:1 June 30, 2005 5.40:1 30th September4.60:1 September 30, 2005 5.20:1 31st December4.40:1 December 31, 2005 4.85:1 31st March, 2006 4.70:1 30th June, 2006 4.50:1 30th September, 2006 4.35:1 31st December, 2006 4.15:1 31st March, 2007 4.00:1 30th June, 2007 3.75:1 30th September, 2007 3.50:1 31st December, 2007 3.25:1 Thereafter 3.00:14.10:1 thereafter 4.00:1 (b) the ratio of EBITDA to Total Cash Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and period: 30th SeptemberSeptember 30, 2003 2.25:1 31st DecemberDecember 31, 2003 2.25:1 31st MarchMarch 31, 2004 1.90:1 30th June2.00:1 June 30, 2004 1.45:1 30th September2.25:1 September 30, 2004 1.45:1 31st December2.50:1 December 31, 2004 1.50:1 31st March2.50:1 March 31, 2005 1.75:1 30th June2.50:1 June 30, 2005 1.80:1 30th September2.50:1 September 30, 2005 1.80:1 31st December2.75:1 December 31, 2005 1.90:1 31st March2.75:1 March 31, 2006 2.00:1 2.75:1 June 30, 2006 2.75:1 Thereafter 2.00:13.00:1 (c) the ratio of EBITDA to Senior Debt Service for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date or period: 31st DecemberDecember 31, 2003 1.00:1 31st MarchMarch 31, 2004 1.00:1 30th June, 2004 0.90:1 30th September, 2004 0.90:1 31st DecemberJune 30, 2004 1.50:1 31st MarchSeptember 30, 2004 1.50:1 December 31, 2004 1.50:1 March 31, 2005 1.60:1 30th June2.25:1 June 30, 2005 1.40:1 30th September2.25:1 September 30, 2005 1.40:1 31st December2.25:1 December 31, 2005 1.40:1 31st March2.25:1 March 31, 2006 1.50:1 30th June2.25:1 June 30, 2006 1.35:1 30th September1.00:1 September 30, 2006 1.40:1 31st December1.00:1 December 31, 2006 1.40:1 31st March1.00:1 March 31, 2007 1.40:1 1.00:1 Thereafter 1.50:11.00:1 (d) the ratio of EBITDA to Senior Interest for each Ratio Period which ends on a date or in a period specified in column 1 below shall not exceed the ratio specified in column 2 below opposite such date or period: 30th September, 2003 2.25:1 31st December, 2003 2.25:1 31st March, 2004 2.10:1 30th June, 2004 2.10:1 30th September, 2004 2.00:1 31st December, 2004 2.00:1 31st March, 2005 2.25:1 30th June, 2005 2.25:1 30th September, 2005 2.25:1 31st December, 2005 2.25:1 31st March, 2006 2.35:1 30th June, 2006 2.35:1 Thereafter 2.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period which ends on a date or in a period specified in column 1 below shall not be less than the ratio specified in column 2 below opposite such date and or period: 30th SeptemberSeptember 30, 2003 7.50:1 31st December2.25:1 December 31, 2003 7.25:1 31st March2.25:1 March 31, 2004 7.00:1 30th June2.10:1 June 30, 2004 7.00:1 30th September2.10:1 September 30, 2004 7.00:1 31st December2.50:1 December 31, 2004 7.00:1 31st March2.65:1 March 31, 2005 7.00:1 30th June2.80:1 June 30, 2005 6.75:1 30th September2.85:1 September 30, 2005 6.50:1 31st December3.05:1 December 31, 2005 6.25:1 31st March, 2006 5.75:1 Thereafter 3.15:1 thereafter 3.40:1 ; and (e) the ratio of Total Debt to Annualised EBITDA for each Ratio Period shall not exceed 5.75:1.