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Exhibit 10.26
ENSTAR CABLE OF CUMBERLAND VALLEY
AMENDMENT NO. 1
This Agreement, dated as of September 30, 1997, is between Enstar Cable
of Cumberland Valley, a Georgia general partnership, and Enstar Finance Company,
LLC, a Delaware limited liability company. The parties agree as follows:
1. Reference to Loan Agreement; Definitions. Reference is made to the
Loan Agreement dated as of September 30, 1997, between the parties hereto (as
amended, modified and in effect prior to giving effect to this Agreement, the
"Loan Agreement"). Terms defined in the Loan Agreement as amended hereby (the
"Amended Loan Agreement") and not otherwise defined herein are used herein with
the meanings so defined.
2. Amendment to Loan Agreement. In reliance upon the representations and
warranties set forth in Section 3, the Loan Agreement is amended as follows,
effective upon the date hereof:
2.1 Amendment of Section 7.11.2. Section 7.11.2 of the Loan
Agreement is amended to read in its entirety as follows:
"7.11.2. Leases, other than Capitalized Leases; provided,
however, that the aggregate fixed rental obligations for any fiscal year
of the Company under all such leases (including payments required to be
made by the lessee in respect of taxes and insurance, whether or not
denominated as rent, but excluding rental payments made by the Company
under pole attachment or use agreements, leases of microwave services,
maintenance contracts and payments under programming agreements) shall
not exceed $75,000."
3. Representation and Warranty. In order to induce the Lender to enter
into this Agreement, the Company represents and warrants to the Lender that
immediately after giving effect to the amendment set forth in Section 2, no
Default will exist.
4. General. The Amended Loan Agreement is confirmed as being in full
force and effect. This Agreement and the Amended Loan Agreement and the other
Loan 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, and any invalid or
unenforceable provision shall be enforced to the maximum extent of its validity
or enforceability. 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 Loan Agreement is a Loan
Agreement and this Agreement 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 successors and assigns, including as
such successors and assigns all holders of any Note. This Agreement shall be
governed by and construed in accordance with the laws (other than the conflict
of laws rules) of the State of California.
[Signature page follows.]
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Each of the undersigned has caused this Agreement to be executed and
delivered by its duly authorized officer as of the date first above written.
ENSTAR CABLE OF CUMBERLAND VALLEY,
a Georgia general partnership
By: ENSTAR COMMUNICATIONS
CORPORATION,
a general partner
By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Chief Financial Officer
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By: ENSTAR INCOME/GROWTH PROGRAM
FIVE-A, L.P., a Georgia limited
partnership, a General Partner
By: ENSTAR COMMUNICATIONS
CORPORATION,
its general partner
By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Chief Financial Officer
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By: ENSTAR INCOME/GROWTH PROGRAM
FIVE-B, L.P., a Georgia limited
partnership, a General Partner
By: ENSTAR COMMUNICATIONS
CORPORATION,
its general partner
By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Chief Financial Officer
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ENSTAR FINANCE COMPANY, LLC
By: ENSTAR COMMUNICATIONS
CORPORATION, its Manager
By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Chief Financial Officer
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Consent
In accordance with the provisions of Section 7.18 of that certain Credit
Agreement dated as of September 30, 1997 among Enstar Finance Company, LLC,
Banque Paribas and Bank of America National Trust and Savings Association, the
undersigned hereby consent to Amendment No. 1 (attached hereto as Exhibit A) to
that certain Loan Agreement dated as of September 30, 1997 between Enstar
Finance Company, LLC and Enstar Cable of Cumberland Valley.
BANQUE PARIBAS
By: /s/ Xxxxxxx Xxxxx / Xxxxxx X. Xxxxxx
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Title: Asst. V.P. / Director
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BANK OF AMERICA NATIONAL
TRUST AND SAVINGS ASSOCIATION
By: /s/ Xxxxxxx Xxxx
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Title: Vice President
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