Exhibit 10.21A
Execution Counterpart
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CONTINENTAL CABLEVISION, INC.
CREDIT AGREEMENT
Amendment No. 1
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This Agreement, dated as of September 29, 1995 is among Continental
Cablevision, Inc., a Delaware corporation, certain of its subsidiaries, The
First National Bank of Boston, in its capacity as Administrative Agent and as a
Managing Agent for itself and the other Lenders, and The Bank of New York, in
its capacity as a Managing Agent for itself and the other Lenders. The parties
agree as follows:
1. Reference to Credit Agreement; Definitions. Reference is made to the
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Amended and Restated Credit Agreement dated as of October 1, 1994, as in effect
on the date hereof prior to giving effect to this Agreement (the "Credit
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Agreement"), among the Company, its subsidiaries from time to time party
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thereto, the Lenders from time to time party thereto, the Administrative Agent
and the Managing Agents. Terms defined in the Credit Agreement as amended
hereby (the "Amended Credit Agreement") and not otherwise defined herein are
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used herein with the meanings so defined. References in this Agreement to
"Sections" and "Exhibits", except as the context otherwise dictates, are
references to sections hereof and exhibits hereto.
2. Amendments to Credit Agreement. Subject to all the terms and conditions
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hereof, and in reliance upon the representations and warranties set forth in
Section 3, the Credit Agreement is hereby amended as follows:
2.1. Amendment to Section 7.13.1. Section 7.13.1 of the Credit Agreement
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is amended to read in its entirety as follows:
"7.13.1. Consolidated Total Debt to Consolidated Operating Income.
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On the last day of each fiscal quarter of the Company specified in the
table below, Consolidated Total Debt shall not exceed the percentage
specified in such table of four times Consolidated Operating Income for
such fiscal quarter:
Fiscal Quarter Ending Percentage
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September 30, 1994 through
March 31, 1995 690%
June 30, 1995 675%
September 30, 1995 690%
December 31, 1995 through
March 31, 1996 725%
June 30, 1996 through
December 31, 1996 650%
March 31, 1997 through
June 30, 1997 625%
September 30, 1997 through
December 31, 1997 600%
March 31, 1998 through
December 31, 1998 550%
March 31, 1999 through
December 31, 1999 500%
March 31, 2000 and
thereafter 450%"
2.2. Amendment to Section 7.13.2. Section 7.13.2 of the Credit
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Agreement is amended to read in its entirety as follows:
"7.13.2. Consolidated Operating Cash Flow to Pro Forma Interest
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Payments. On the last day of each fiscal quarter of the Company specified
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in the table below, four times Consolidated Operating Cash Flow for such
fiscal quarter shall equal or exceed the percentage specified in such table
of Pro Forma Interest Payments for the four consecutive fiscal quarters of
the Company commencing immediately after such date:
Fiscal Quarter Ending Percentage
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September 30, 1994 through
September 30, 1995 150%
December 31, 1995 through
March 31, 1996 145%
June 30, 1996 through
December 31, 1997 150%
March 31, 1998 through
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December 31, 1998 175%
March 31, 1999 and
thereafter 200%"
3. Representations and Warranties. In order to induce the Lenders to consent
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to, and each of the Administrative Agent and the Managing Agents to enter into,
this Agreement, each of the Company and the Guarantors represents and warrants
to each of the Lenders that immediately before and after giving effect to this
Agreement, no Default exists.
4. Amendment Fee. In the event that, on or prior to November 9, 1995, Lenders
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holding at least a majority of the Voting Percentage Interests execute and
deliver to the Administrative Agent their consent to this Agreement, then, on or
prior to November 16, 1995, the Company shall pay to the Administrative Agent
for the account of the Lenders in accordance with their respective Voting
Percentage Interests an amount equal to 1/8% of the Maximum Amount of Credit.
5. General. The Amended Credit Agreement and all of the other Lender
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Agreements are each confirmed as being in full force and effect. This
Agreement, the Amended Credit Agreement and the other Lender Agreements referred
to herein or therein constitute the entire understanding of the parties with
respect to the subject matter hereof and thereof and supersede all prior and
current understandings and agreements, whether written or oral, with respect to
such subject matter. The invalidity or unenforceability of any provision hereof
shall not affect the validity or enforceability of any other term or provision
hereof. The headings in this Agreement are for convenience of reference only
and shall not alter, limit or otherwise affect the meaning hereof. Each of this
Agreement and the Amended Credit Agreement is a Lender Agreement and may be
executed in any number of counterparts, which together shall constitute one
instrument, and shall bind and inure to the benefit of the parties and their
respective permitted successors and assigns. This Agreement shall be governed
by and construed in accordance with the laws (other than the conflict of laws
rules) of The Commonwealth of Massachusetts.
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Each of the undersigned has executed this Agreement under seal by a
duly authorized officer as of the date first set forth above.
COMPANY:
CONTINENTAL CABLEVISION, INC.
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer
GUARANTORS:
AMERICAN CABLESYSTEMS CORPORATION
AMERICAN CABLESYSTEMS NORTHEAST, INC.
AMERICAN CABLESYSTEMS OF CALIFORNIA, INC.
AMERICAN CABLESYSTEMS OF FLORIDA, INC.
AMERICAN CABLESYSTEMS OF NEW YORK, INC.
CONTINENTAL CABLEVISION ACQUISITIONS OF
NORTHERN ILLINOIS, INC.
CONTINENTAL CABLEVISION FLORIDA LIMITED, INC.
CONTINENTAL CABLEVISION NORTHEAST
LIMITED, INC.
CONTINENTAL CABLEVISION NORTHERN XXXX
COUNTY LIMITED, INC.
CONTINENTAL CABLEVISION OF CALIFORNIA, INC.
CONTINENTAL CABLEVISION OF XXXX COUNTY, INC.
CONTINENTAL CABLEVISION OF ILLINOIS, INC.
CONTINENTAL CABLEVISION OF JACKSONVILLE, INC.
CONTINENTAL CABLEVISION OF MANCHESTER, INC.
CONTINENTAL CABLEVISION OF
MASSACHUSETTS, INC.
CONTINENTAL CABLEVISION OF MICHIGAN, INC.
CONTINENTAL CABLEVISION OF NEW ENGLAND, INC.
CONTINENTAL CABLEVISION OF NORTHERN XXXX
COUNTY, INC.
CONTINENTAL CABLEVISION OF OHIO, INC.
CONTINENTAL CABLEVISION OF ST. LOUIS
COUNTY, INC.
CONTINENTAL CABLEVISION OF ST. XXXX, INC.
CONTINENTAL CABLEVISION OF SIERRA
VALLEYS, INC.
CONTINENTAL CABLEVISION OF SOUTHERN
MASSACHUSETTS, INC.
CONTINENTAL CABLEVISION OF VIRGINIA, INC.
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CONTINENTAL CABLEVISION OF WESTERN
NEW ENGLAND, INC.
CONTINENTAL CABLEVISION OF WILL COUNTY, INC.
CONTINENTAL CABLEVISION SATELLITE COMPANY
OF NORTHERN CALIFORNIA, INC.
CONTINENTAL CABLEVISION SERVICES, INC.
CONTINENTAL CABLEVISION WILL COUNTY
LIMITED, INC.
CONTINENTAL SATELLITE COMPANY OF
CHICAGO, INC.
CONTINENTAL SATELLITE COMPANY OF
FLORIDA,INC.
CONTINENTAL SATELLITE COMPANY OF
ILLINOIS, INC.
CONTINENTAL SATELLITE COMPANY OF
MICHIGAN, INC.
CONTINENTAL SATELLITE COMPANY OF
MINNESOTA, INC.
CONTINENTAL SATELLITE COMPANY OF
NEW ENGLAND, INC.
CONTINENTAL SATELLITE COMPANY OF OHIO, INC.
CONTINENTAL SATELLITE COMPANY OF
VIRGINIA, INC.
FRESNO CABLE TV LIMITED
NOR CAL CABLEVISION, INC.
POMPANO TELECABLE CORPORATION
SAN XXXXXXX TV SERVICES, INC.
TELCAB COMMUNICATIONS, INC.
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer of each
of the foregoing corporations
AMERICAN CABLESYSTEMS OF FLORIDA,
A LIMITED PARTNERSHIP
By AMERICAN CABLESYSTEMS OF FLORIDA, INC.,
General Partner
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer
AMERICAN CABLESYSTEMS NORTHEAST,
A LIMITED PARTNERSHIP
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By AMERICAN CABLESYSTEMS NORTHEAST, INC.,
General Partner
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer
CONTINENTAL CABLEVISION OF WILL COUNTY,
A LIMITED PARTNERSHIP
By CONTINENTAL CABLEVISION OF WILL
COUNTY, INC., General Partner
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer
CONTINENTAL CABLEVISION OF NORTHERN
XXXX COUNTY, A LIMITED PARTNERSHIP
By CONTINENTAL CABLEVISION OF NORTHERN
XXXX COUNTY, INC., General Partner
By /s/ P. Xxxx Xxxxxx
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Vice President and Treasurer
MANAGING AGENTS:
THE FIRST NATIONAL BANK OF BOSTON, as
Administrative Agent and as a Managing Agent
for itself and the other Lenders
By /s/
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Title:
THE BANK OF NEW YORK, as a Managing Agent for
itself and the other Lenders
By /s/
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Title:
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Each of the undersigned hereby consents to the foregoing Agreement:
AGENTS:
CANADIAN IMPERIAL BANK MELLON BANK, N.A.
OF COMMERCE
By /s/ By /s/
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Title: Title:
NATIONSBANK OF TEXAS, N.A. THE TORONTO-DOMINION BANK
By /s/ By /s/
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Title: Title:
CO-AGENTS:
THE BANK OF NOVA SCOTIA THE BANK OF TOKYO
TRUST COMPANY
By /s/ By /s/
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Title: Title:
CHEMICAL BANK, N.A. CITIBANK, N.A.
By /s/ By /s/
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Title: Title:
THE FIRST NATIONAL BANK THE FUJI BANK, LIMITED
OF CHICAGO
By /s/ By /s/
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Title: Title:
INDUSTRIAL BANK OF JAPAN THE LONG-TERM CREDIT BANK
OF JAPAN, LIMITED,
NEW YORK BRANCH
By /s/ By /s/
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Title: Title:
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XXXXXX XXXXXXXX XXXXX XXXX XX XXXXXX
TRUST COMPANY
By /s/ By /s/
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Title: Title:
SHAWMUT BANK SOCIETE GENERALE
CONNECTICUT, N.A.
By /s/ By /s/
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Title: Title:
THE SUMITOMO BANK, LIMITED, UNION BANK
CHICAGO BRANCH
By /s/ By /s/
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Title: Title:
OTHER LENDERS:
THE BANK OF CALIFORNIA, N.A. BANK OF HAWAII
By /s/ By /s/
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Title: Title:
BANK OF IRELAND, GRAND BANK OF MONTREAL
CAYMAN BRANCH
By /s/ By /s/
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Title: Title:
BANQUE FRANCAISE DU BANQUE NATIONALE DE PARIS
COMMERCE EXTERIEUR
By /s/ By /s/
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Title: Title:
By /s/
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Title:
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BANQUE PARIBAS COMPAGNIE FINANCIERE DE CIC
ET DE L'UNION EUROPEENNE
By /s/ By /s/
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Title: Title:
By /s/ By /s/
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Title: Title:
CORESTATES BANK, N.A. CREDIT LYONNAIS CAYMAN
ISLAND BRANCH
By /s/ By /s/
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Title: Title:
CRESTAR BANK THE DAI-ICHI KANGYO BANK,
LIMITED, NEW YORK BRANCH
By /s/ By /s/
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Title: Title:
THE DAIWA BANK, LIMITED DRESDNER BANK AG NEW YORK
AND GRAND CAYMAN BRANCHES
By /s/ By /s/
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Title: Title:
By /s/
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Title:
FIRST BANK FIRST FIDELITY BANK, N.A.
NATIONAL ASSOCIATION
By /s/ By /s/
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Title: Title:
FIRST HAWAIIAN BANK THE FIRST NATIONAL BANK
OF MARYLAND
By /s/ By /s/
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Title: Title:
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FLEET NATIONAL BANK FUYO GENERAL LEASE
(U.S.A.), INC.
By /s/ By /s/
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Title: Title:
THE HOKKAIDO TAKUSHOKU KLEINWORT XXXXXX LIMITED
BANK, LTD.
By /s/ By /s/
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Title: Title:
THE MITSUBISHI BANK, LIMITED, THE MITSUBISHI TRUST AND
NEW YORK BRANCH BANKING CORPORATION
By /s/ By /s/
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Title: Title:
NBD BANK THE NIPPON CREDIT BANK, LTD.
By /s/ By /s/
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Title: Title:
THE ROYAL BANK OF THE SAKURA BANK
SCOTLAND, PLC
By /s/ By /s/
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Title: Title:
THE SANWA BANK, LIMITED THE SUMITOMO TRUST &
BANKING CO., LTD.,
NEW YORK BRANCH
By /s/ By /s/
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Title: Title:
SUN BANK, N.A. SWISS BANK CORPORATION,
NEW YORK BRANCH
By /s/ By /s/
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Title: Title:
By /s/
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Title:
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XXX XXXXX XXXX, XXXXXXX XXXXXX XXXXXX BANK
By /s/ By /s/
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Title: Title:
VAN XXXXXX XXXXXXX PRIME THE TOYO TRUST AND BANKING
RATE INCOME TRUST CO., LTD.
By /s/ By /s/
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Title: Title:
DE NATIONAL INVESTORINGS BANK
By /s/
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Title:
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