CREDIT AGREEMENT Dated as of April 15, 1997
Exhibit 10.41
CONFORMED COPY
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U.S. $200,000,000
CREDIT AGREEMENT
Dated as of April 15, 1997
Among
CITIZENS CENTURY CABLE TELEVISION VENTURE,
as Borrower,
SOCIETE GENERALE,
as Agent,
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION,
as Syndication Agent,
CORESTATES BANK, N.A.,
THE FIRST NATIONAL BANK OF BOSTON,
LTCB TRUST COMPANY,
and
PNC BANK, NATIONAL ASSOCIATION,
as Co-Agents,
and
THE FINANCIAL INSTITUTIONS NAMED HEREIN,
as Lenders
Arranged by
SOCIETE GENERALE
and
BANCAMERICA SECURITIES, INC.
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TABLE OF CONTENTS
ARTICLE I
DEFINITIONS AND ACCOUNTING TERMS 1
SECTION 1.01. Certain Defined Terms 1
SECTION 1.02. Computation of Time Periods;
Interpretation 19
SECTION 1.03. Accounting Terms 20
ARTICLE II
AMOUNTS AND TERMS OF THE ADVANCES 20
SECTION 2.01. The A Advances 20
SECTION 2.02. Making the A Advances 21
SECTION 2.03. The B Advances 22
SECTION 2.04. Fees 25
SECTION 2.05. Reduction of the Commitments 26
SECTION 2.06. Repayment of A Advances 26
SECTION 2.07. Interest on the A Advances 27
SECTION 2.08. Interest Rate Determination and
Protection 30
SECTION 2.09. Voluntary Conversion of A Advances 31
SECTION 2.10. Prepayments of A Advances 32
SECTION 2.11. Increased Costs, Etc. 34
SECTION 2.12. Illegality 36
SECTION 2.13. Payments and Computations 36
SECTION 2.14. Taxes 38
SECTION 2.15. Sharing of Payments, Etc. 40
SECTION 2.16. Additional Interest on Eurodollar Rate
Advances 40
SECTION 2.17. Use of Proceeds 40
ARTICLE III
CONDITIONS OF LENDING 41
SECTION 3.01. Conditions Precedent to Initial
Advances 41
SECTION 3.02. Conditions Precedent to Each A
Borrowing 43
SECTION 3.03. Conditions Precedent to Each B
Borrowing 44
SECTION 3.04. Conditions Precedent to Borrowings for
the Xxxxx Acquisitions 44
SECTION 3.05. Conditions Precedent to Borrowings for
an Approved Acquisition 45
SECTION 3.06. Determinations Under Section 3.01 46
ARTICLE IV
REPRESENTATIONS AND WARRANTIES 46
SECTION 4.01. Representations and Warranties of the
Borrower 46
ARTICLE V
COVENANTS OF THE BORROWER 52
SECTION 5.01. Affirmative Covenants 52
SECTION 5.02. Negative Covenants 55
SECTION 5.03. Reporting Requirements 63
ARTICLE VI
EVENTS OF DEFAULT 66
SECTION 6.01. Events of Default 66
ARTICLE VII
THE LENDER AGENTS 71
SECTION 7.01. Authorization and Action 71
SECTION 7.02. Lender Agents' Reliance, Etc. 71
SECTION 7.03. The Lender Agents and their Affiliates 72
SECTION 7.04. Lender Credit Decision 72
SECTION 7.05. Indemnification by Lenders 73
SECTION 7.06. Successor Agent, Etc. 73
ARTICLE VIII
MISCELLANEOUS 74
SECTION 8.01. Amendments, Etc. 74
SECTION 8.02. Notices, Etc. 75
SECTION 8.03. No Waiver; Remedies 75
SECTION 8.04. Costs, Expenses and Taxes 75
SECTION 8.05. Right of Set-off 76
SECTION 8.06. Binding Effect 76
SECTION 8.07. Assignments and Participations 76
SECTION 8.08. Indemnification by the Borrower 80
SECTION 8.09. Confidentiality 80
SECTION 8.10. Governing Law 81
SECTION 8.11. Execution in Counterparts 81
SECTION 8.12. WAIVER OF JURY TRIAL 81
SECTION 8.13. Submission to Jurisdiction; Waivers 82
SECTION 8.14. Acknowledgments 82
SCHEDULE I - Applicable Lending Offices
SCHEDULE II - Lenders and Commitments
SCHEDULE 4.01(l) - Subsidiaries
SCHEDULE 4.01(m) - Franchises
SCHEDULE 4.01(r) - Debt and Leases
SCHEDULE 4.01(w) - Subscribers
SCHEDULE 6.01(c) - Permitted Cable Systems
EXHIBIT A-1 - Form of A Note
EXHIBIT A-2 - Form of B Note
EXHIBIT B-1 - Form of Notice of A Borrowing
EXHIBIT B-2 - Form of Notice of B Borrowing
EXHIBIT C - Form of Guarantee Agreement
EXHIBIT D - Form of Negative Pledge Agreement
EXHIBIT E - Form of Rate Ratio Certificate
EXHIBIT F - Form of Compliance Certificate
EXHIBIT G - Form of Solvency Certificate
EXHIBIT H - Form of Assignment and Acceptance
EXHIBIT I-1 - Form of Opinion of Counsel to the Borrower
EXHIBIT I-2 - Form of Opinion of Counsel to Citizens Utilities and
Citizens Cable
EXHIBIT J - Form of Opinion of Special Communications Counsel to
the Borrower
