Contract
Exhibit
99.11
THIS
FIRST SUPPLEMENTAL INDENTURE,
dated as of June 29, 2007 (this “Supplemental Indenture”), is by and
among Xxxxxx Cable Inc., a corporation organized under the laws of Province
of
British Columbia, Canada (hereinafter called “Rogers Cable”), Xxxxxx
Cable Communications Inc., a corporation organized under the laws of the
Province of Ontario and a wholly-owned subsidiary of Rogers Cable (hereinafter
called “RCCI”) and The Bank of New York, a New York banking corporation,
as trustee (successor to JPMorgan Chase Bank, N.A.) (hereinafter called the
“Trustee”).
WHEREAS,
Section 1018(a) of the
Indenture provides that Rogers Cable may permanently effect the Release of
Security without the consent of the Holders in the event that (i) on a pro
forma
basis giving effect to the release of the security for the Securities and
any
other Debt of Rogers Cable with similar release provisions, (A) no Debt of
Rogers Cable would be outstanding and (B) there would be no availability
to
Rogers Cable under any bank credit facilities, operating credit facilities
or
swap agreements, in the case of each of (A) and (B) that is or are secured
by a
Lien of the Pledge Agreement or any Collateral Document or any other Lien
on the
Deed of Trust Collateral, (ii) the ratings assigned to the Securities by
at
least two of the three Rating Agencies are Investment Grade Ratings, (iii)
no
Default or Event of Default has occurred and is continuing under the Indenture
and (iv) RCCI assumes as co-obligor, by supplemental indenture, all of the
obligations of Rogers Cable under the Securities and the Indenture.
WHEREAS,
pursuant to Section
1018(a)(iv) of the Indenture, in connection with the Release of Security,
RCCI
is required to execute and deliver to the Trustee a supplemental indenture
assuming all of the obligations of Rogers Cable under the Securities and
the
Indenture;
WHEREAS,
Xxxxxx Cable has complied with
all conditions precedent provided for in the Indenture relating to this
Supplemental Indenture.
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“(b) Xxxxxx
Cable Inc. or
Xxxxxx Cable Communications Inc. by the Trustee or any Holder shall be
sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if made, given, furnished or delivered in writing to Xxxxxx Cable
Inc.
or Xxxxxx Cable Communications Inc., as the case may be, to 333 Bloor Street
East, 10th Floor, Toronto, Ontario, Canada, M4W 1G9, Attention: Vice-president,
Treasurer, fax: 000-000-0000, with a copy to the Vice-President, General
Counsel
and Secretary, fax: 000-000-0000, or, in either case, at any other address
previously furnished in writing to the Trustee by Xxxxxx Cable Inc. or Xxxxxx
Cable Communications Inc.”
5. Deletion
of Certain Provisions. Each of clauses (i), (j) and (l) of
Section 501 (Events of Default), Section 902 (Actions by the Trustee under
the
Deed of Trust and Certain Amendments to the Inter-Creditor Agreement without
the
Consent of Holders), clause (e) of Section 903 (Supplemental Indentures and
Certain Amendments with the Consent of Holders), Section 904 (Amendments
to
Collateral Documents), Section 1007 (Insurance), Section 1008 (Limitation
on
Liens), Section 1018 (Release of Security), Article Twelve (Security Documents)
and Exhibit C of the Indenture is hereby deleted in its entirety and, in
the
case of each such section, clause and exhibit, replaced with the phrase
“[Intentionally Omitted]”. All references to such sections or clauses
shall also be deleted throughout the Indenture, and such sections, clauses
and
references thereto shall be of no further force or effect.
6. Other
Amendments to the Indenture. All definitions in the Indenture
which are used exclusively in the sections and clauses deleted pursuant to
Sections 5 of this Supplemental Indenture or whose sole use or uses in the
Indenture were eliminated in the revisions set forth in Section 5 of this
Supplemental Indenture are hereby deleted. All references, including
references in Article Five (Remedies), Section 1009 (Restricted Subsidiaries)
and the second paragraph of Section 801 (The Company May Amalgamate, etc.,
only
on Certain Terms), in the Indenture to sections and clauses deleted by Section
5
of this Supplemental Indenture, including all references to Bondholders’
Resolution, Collateral Documents, Deed of Trust, Deed of Trust Bondholders,
Deed
of Trust Bonds, Deed of Trust Collateral, Deed Trustee, Designated Subsidiary,
Inter-Creditor Agreement, Mortgaged Property, Pledge Agreement, Release Date,
Senior Secured Bondholders, Specifically Mortgaged Property, Trust Bond,
Trust
Estate, Unanimous Bondholders’ Resolution and similar references relating to the
Deed of Trust or Release of Security, shall also be deleted in their
entirety.
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8. Trustee’s
Acceptance. The Trustee hereby accepts this Supplemental
Indenture and agrees to perform the same under the terms and conditions set
forth in the Indenture.
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18. GOVERNING
LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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XXXXXX CABLE INC., | |||
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By:
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/s/ Xxxxxxx X. Xxxxxx | |
Name: Xxxxxxx X. Xxxxxx | |||
Title: Senior Vice President |
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By:
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/s/ M. Xxxxxxxx Xxxx | |
Name: M. Xxxxxxxx Xxxx | |||
Title: Vice President, Treasurer |
XXXXXX
CABLE
COMMUNICATIONS,
INC.,
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|||
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By:
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/s/ Xxxxxxx X. Xxxxxx | |
Name: Xxxxxxx X. Xxxxxx | |||
Title: Senior Vice President |
|
By:
|
/s/ M. Xxxxxxxx Xxxx | |
Name: M. Xxxxxxxx Xxxx | |||
Title: Vice President, Treasurer |