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Exhibit 10.18(g)
NOTE PURCHASE AND EXCHANGE AGREEMENT
AMENDMENT AGREEMENT
This Amendment Agreement (this "Amendment") is dated as of September 30,
1998 among Falcon Telecable, a California Limited Partnership (the "Company")
and XXXX & Co. and J. ROMEO & Co., (the "Purchasers").
The Company and the Purchasers agree as follows:
1. Reference to Note Purchase and Exchange Agreement. Reference is made
to a Note Purchase and Exchange Agreement dated as of October 21, 1991 as
heretofore amended and modified, including pursuant to the Consent and
Amendment Agreement dated as of June 30, 1998 (the "Note Purchase
Agreement"). Capitalized terms defined in the Note Purchase Agreement that are
not defined herein shall have the meanings ascribed to them in the Note
Purchase Agreement.
2. Amendments to Note Purchase Agreement. Section 7.19 of the Note
Purchase Agreement is hereby amended by deleting Section 7.19 in its present
form in its entirety and substituting in its place a new Section 7.19, which
reads in its entirety as follows:
"7.19 Compliance with Bank Credit Agreement. The Company shall comply, and
shall cause the Restricted Companies to comply, with each of the covenants
contained in Section 7 of the Bank Credit Agreement (other than Section
7.15) as in effect on the Amendment Effective Date (except as such
covenants may be amended pursuant to Section 7.20 below, other than those
set forth in the immediately following paragraph), a copy of which is
attached hereto as Exhibit E. All references therein to Lenders, Agents and
similar persons shall be deemed, for purposes of this Agreement, to be
holders of the Notes.
For purposes of this Agreement, the incorporated provisions of
Sections 7.5.1, 7.5.2, 7.5.3 and 7.5.4 of the Bank Credit Agreement (as
defined in Section 11.1 of this Agreement) are amended to read as follows
and shall not be subject to amendment or modification without the consent
of the holders of the Notes:
7.5.1. CONSOLIDATED TOTAL DEBT TO CONSOLIDATED ANNUALIZED OPERATING
CASH FLOW. Consolidated Total Debt shall not as of the end of any fiscal
quarter exceed the percentage indicated in the table below of Consolidated
Annualized Operating Cash Flow for such fiscal quarter:
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PERCENTAGE IN PERCENTAGE IN
EFFECT PRIOR TO EFFECT AFTER
DATE TCI CLOSING TCI CLOSING
---- --------------- --------------
September 30, 1998 650% 700%
through March 31, 2001
7.5.2 CONSOLIDATED ANNUALIZED OPERATING CASH FLOW TO CONSOLIDATED CASH
INTEREST EXPENSE. On the last day of each fiscal quarter of the Restricted
Companies, Consolidated Annualized Operating Cash Flow for the three-month
period then ending shall exceed the percentage indicated below of
Consolidated Cash Interest Expense for such three-month period: (a) from
September 30, 1998 through December 31, 2000, 120%, and (b) from January 1,
2001 through March 31, 2001, 130%.
7.5.3 CONSOLIDATED ANNUALIZED OPERATING CASH FLOW TO CONSOLIDATED PRO
FORMA DEBT SERVICE. On the last day of each fiscal quarter of the Restricted
Companies, Consolidated Annualized Operating Cash Flow for the three-month
period then ending shall exceed 100% of Consolidated Pro Forma Debt Service
for the 12-month period beginning immediately after such date.
7.5.4 CAPITAL EXPENDITURES. During each year indicated below, Capital
Expenditures of the Restricted Companies shall not exceed the total of:
(a) the applicable amount set forth opposite such year in the
table below plus
----
(b) for each year after 1998, the amount by which actual Capital
Expenditures in the preceding year are less than the
applicable amount set forth for such preceding year in such
table."
AMOUNT IF THE TCI AMOUNT IF TCI
CLOSING OCCURS CLOSING DOES NOT
DURING SUCH OCCUR DURING SUCH
CALENDAR YEAR TCI CALENDAR YEAR CALENDAR YEAR
------------- ----------------- ------------------
1998 $150,000,000 $120,000,000
1999 $170,000,000 $120,000,000
2000 $185,000,000 $130,000,000
2001 $130,000,000 $ 85,000,000
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3. Additional Agreements.
3.1 The following are conditions precedent to the effectiveness of
this Amendment. The date on which all such conditions are met (or waived by the
Purchasers) shall be referred to in this Section 3 as the "Amendment Effective
Date."
3.1.1. All representations and warranties set forth in Section 8
of the Bank Credit Agreement shall be true and correct as of the Amendment
Effective Date, and by signing below each of the Restricted Companies (under the
Bank Credit Agreement) confirms that such representations and warranties are
true and correct as of the date hereof and that each Purchaser may rely on such
representations and warranties as though the same were made to such Purchaser
and acknowledging that each Purchaser is relying on the truth and accuracy of
such representations and warranties in entering into this Amendment and
consummating the transactions contemplated herein.
3.1.2. All proceedings taken in connection with this Amendment
and all documents and papers relating thereto shall be satisfactory to the
Purchasers and their special counsel. The Purchasers and their special counsel
shall have received copies of such documents and papers as they may reasonably
request in connection therewith, all in form and substance satisfactory to the
Purchasers and their special counsel.
3.2 Except as amended hereby, the Note Purchase Agreement remains
unchanged and, as amended hereby, the Note Purchase Agreement remains in full
force and effect. The Company hereby reaffirms all of its obligations and
undertakings under the Note Purchase Agreement as amended hereby, and the Notes,
as amended hereby. All references to the Note Purchase Agreement, the 11.56%
Series A Subordinated Notes and the 11.56% Series B Subordinated Notes shall
mean the Note Purchase Agreement and such Notes as amended to date and by this
Amendment.
3.3 This Amendment may be executed in multiple counterparts, each of
which shall be deemed an original and all of which shall constitute an
agreement, notwithstanding that all of the parties are not signatories on the
same date or the same counterpart. A signature page may be detached from one
counterpart when executed and attached to another counterpart.
[REMAINDER OF PAGE INTENTIONAL BLANK;
NEXT PAGE IS SIGNATURE PAGE]
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Each of the undersigned has caused this Amendment Agreement to be executed
and delivered by its duly authorized officer as of the date first above written.
FALCON TELECABLE, A CALIFORNIA
LIMITED PARTNERSHIP
By: FALCON TELECABLE INVESTORS
GROUP, LTD., a California limited
partnership, its managing general partner
By: FALCON HOLDING GROUP,
INC., a California corporation, its
managing general partner
By: /s/ Xxxxxxx X. Xxxxxxx
--------------------------
Xxxxxxx X. Xxxxxxx, Executive
Vice President and Chief
Financial Officer
XXXX & Co.
By: /s/ S. Xxxxxxx Xxxxx
-----------------------------
Title:
J. ROMEO & Co.
By: /s/ Xxxxxxx Knitmeyer
-----------------------------
Title:
ACKNOWLEDGED AND CONFIRMED
FOR PURPOSES OF SECTION 3.1.1 HEREOF
FALCON CABLE MEDIA, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON CABLE SYSTEMS COMPANY II,
L.P.
FALCON CABLEVISION, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY CABLE, L.P.
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Each of the undersigned has caused this Amendment Agreement to be executed
and delivered by its duly authorized officer as of the date first above written.
FALCON TELECABLE, A CALIFORNIA
LIMITED PARTNERSHIP
By: FALCON TELECABLE INVESTORS
GROUP, LTD., a California limited
partnership, its managing general partner
By: FALCON HOLDING GROUP, INC., a
California corporation, its managing
general partner
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------------
Xxxxxxx X. Xxxxxxx, Executive Vice
President and Chief Financial Officer
XXXX & Co.
By:
-----------------------------
Title:
J. ROMEO & Co.
By:
-----------------------------
Title:
ACKNOWLEDGED AND CONFIRMED
FOR PURPOSES OF SECTION 3.1.1 HEREOF
FALCON CABLE MEDIA, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON CABLE SYSTEMS COMPANY II,
L.P.
FALCON CABLEVISION, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY CABLE, L.P.
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Each of the undersigned has caused this Amendment Agreement to be executed
and delivered by its duly authorized officer as of the date first above written.
FALCON TELECABLE, A CALIFORNIA
LIMITED PARTNERSHIP
By: FALCON TELECABLE INVESTORS
GROUP, LTD., a California limited
partnership, its managing general partner
By: FALCON HOLDING GROUP, INC., a
California corporation, its managing
general partner
By:
------------------------------------
Xxxxxxx X. Xxxxxxx, Executive Vice
President and Chief Financial Officer
XXXX & Co.
By:
------------------------------------
Title:
J. ROMEO & Co.
By:
------------------------------------
Title:
ACKNOWLEDGED AND CONFIRMED
FOR PURPOSES OF SECTION 3.1.1 HEREOF
FALCON CABLE MEDIA, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON CABLE SYSTEMS COMPANY II,
L.P.
FALCON CABLEVISION, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY CABLE, L.P.
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FALCON COMMUNITY VENTURES I
LIMITED PARTNERSHIP
FALCON TELECABLE, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY INVESTORS, L.P.
FALCON INVESTORS GROUP, LTD., A
CALIFORNIA LIMITED PARTNERSHIP
FALCON MEDIA INVESTORS GROUP, A
CALIFORNIA LIMITED PARTNERSHIP
FALCON TELECABLE INVESTORS GROUP,
A CALIFORNIA LIMITED PARTNERSHIP
FALCON TELECOM, L.P.
By: FALCON HOLDING GROUP, INC.,
as general partner, or general partner of the
general partner of each of the foregoing
companies.
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Xxxxxxx X. Xxxxxxx, Executive Vice
President and Chief Financial Officer
FALCON FIRST, INC.
FALCON FIRST CABLE OF THE SOUTHEAST, INC.
FALCON FIRST HOLDINGS, INC.
FF CABLE HOLDINGS, INC.
FALCON FIRST CABLE OF NEW YORK, INC.
PLATTSBURG CABLEVISION, INC.
AUSABLE CABLE TV, INC.
CEDAR BLUFF CABLEVISION, INC.
EASTERN MISSISSIPPI CABLEVISION, INC.
SCOTTSBORO TV CABLE, INC.
LAUDERDALE CABLEVISION, INC.
SCOTTSBORO CABLEVISION, INC.
ATHENS CABLEVISION, INC.
XXXXXX CABLEVISION, INC.
MULTIVISION OF COMMERCE, INC.
MULTIVISION NORTHEAST, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Xxxxxxx X. Xxxxxxx, Executive
Vice President and Chief Financial Officer
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