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JACOR COMMUNICATIONS COMPANY,
ISSUER,
AND
JACOR COMMUNICATIONS, INC.,
INITIAL GUARANTOR
AND
FIRST TRUST NATIONAL ASSOCIATION
TRUSTEE
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FIRST SUPPLEMENTAL INDENTURE
DATED AS OF SEPTEMBER 16, 1997
SUPPLEMENTAL TO INDENTURE DATED AS OF JUNE 12, 1996
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$100,000,000
10 1/8% SENIOR SUBORDINATED NOTES DUE 2006
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FIRST SUPPLEMENTAL INDENTURE, dated as of September 16, 1997, among Jacor
Communications Company (formerly known as JCAC, Inc.) (the "Company"), a Florida
corporation, After Midnite Entertainment, Inc., a Delaware corporation;
Broadcast Finance, Inc., an Ohio corporation; Cine Films, Inc., a California
corporation; Cine Guarantors, Inc., a California corporation; Cine Guarantors
II, Inc., a California corporation; Cine Guarantors II, Ltd., a Canadian
corporation; Cine Mobile Systems Int'l, N.V., a Netherland Antilles corporation;
Cine Movil S.A. de C.V., a Mexican corporation; Citicasters Co., an Ohio
corporation; F.M.I. Pennsylvania, Inc., a Pennsylvania corporation; GACC-N26LB,
Inc., a Delaware corporation; GACC-340, Inc., a Delaware corporation; Georgia
Network Equipment, Inc., a Georgia corporation; Great American Merchandising
Group, Inc., a New York corporation; Great American Television Productions,
Inc., a California corporation; Inmobiliaria Radial, S.A. de C.V., a Mexican
corporation; Jacor Broadcasting Corporation, an Ohio corporation; Jacor
Broadcasting of Atlanta, Inc., a Georgia corporation; Jacor Broadcasting of
Charleston, Inc., a Delaware corporation; Jacor Broadcasting of Colorado, Inc.,
a Colorado corporation; Jacor Broadcasting of Denver, Inc., a California
corporation; Jacor Broadcasting of Florida, Inc., a Florida corporation; Jacor
Broadcasting of Kansas City, Inc., a Delaware corporation; Jacor Broadcasting of
Las Vegas, Inc., a Delaware corporation; Jacor Broadcasting of Las Vegas II,
Inc., a Delaware corporation; Jacor Broadcasting of Louisville, Inc., a Delaware
corporation; Jacor Broadcasting of Louisville II, Inc., a Delaware corporation;
Jacor Broadcasting of Salt Lake City, Inc., a Delaware corporation; Jacor
Broadcasting of Salt Lake City II, Inc., a Delaware corporation; Jacor
Broadcasting of San Diego, Inc., a Delaware corporation; Jacor Broadcasting of
Sarasota, Inc., a Florida corporation; Jacor Broadcasting of St. Louis, Inc., a
Delaware corporation; Jacor Broadcasting of Tampa Bay, Inc., a Florida
corporation; Jacor Broadcasting of Toledo, Inc., a California corporation; Jacor
Cable, Inc., a Kentucky corporation; Jacor Licensee of Charleston, Inc., a
Delaware corporation; Jacor Licensee of Kansas City, Inc., a Delaware
corporation; Jacor Licensee of Las Vegas, Inc., a Delaware corporation; Jacor
Licensee of Las Vegas II, Inc., a Delaware corporation; Jacor Licensee of
Louisville, Inc., a Delaware corporation; Jacor Licensee of Louisville II, Inc.,
a Delaware corporation; Jacor Licensee of Salt Lake City, Inc., a Delaware
corporation; Jacor Licensee of Salt Lake City II, Inc., a Delaware corporation;
Jacor/Premiere Holding, Inc., a Delaware corporation; JBSL, Inc., a Missouri
corporation; Location Productions, Inc., a California corporation; Location
Productions II, Inc., a California corporation; Noble Broadcast Center, Inc., a
California corporation; Noble Broadcast Group, Inc., a Delaware corporation;
Noble Broadcast Holdings, Inc., a Delaware corporation; Noble Broadcast
Licenses, Inc., a California corporation; Noble Broadcast of San Diego, Inc., a
California corporation; Nobro, S.C., a Mexican corporation; Nova Marketing
Group, Inc., a California corporation; NSN Network Services, Ltd., a Delaware
corporation; Premiere Radio Networks, Inc., a Delaware corporation; Radio-Active
Media, Inc., a Delaware corporation; Sports Radio Broadcasting, Inc., a
California corporation; Sports Radio, Inc., a California corporation; Xxxx-TCI
Satellite Services, Inc., a Colorado corporation; The Xx Xxxxxxx Company Agency,
Inc., a California corporation; VTTV Productions, a California corporation;
WHOK, Inc., an Ohio corporation; and Jacor Communications, Inc., a Delaware
corporation (all of the above entities other than the Company, the
"Guarantors"), and First Trust National Association (formerly known as First
Trust of Illinois, National Association), as trustee under the indenture
referred to below (the "Trustee").
RECITALS
WHEREAS, the Company and the Guarantors have heretofore executed and
delivered to the Trustee an indenture (the "Indenture"), dated as of June 12,
1996, providing for the issuance of an aggregate principal amount of
$100,000,000 of 10 1/8% Senior Subordinated Notes due 2006 (the "2006 Notes");
WHEREAS, Section 9.1(1) of the Indenture provides that, in order to cure
any ambiguity, defect, or inconsistency in the Indenture, the Indenture may be
supplemented without the consent of any Holder of a Note;
WHEREAS, the Company and the Guarantors wish to amend the Indenture to cure
an ambiguity, a defect and/or an inconsistency in Section 4.11 thereof in order
to clarify that Subsidiaries of the Company may guarantee Indebtedness and
Disqualified Capital Stock of the Company incurred in compliance with the
provisions of Section 4.11 of the Indenture;
WHEREAS, the Company and the Guarantors hereby covenant and represent that
all things necessary have been done to make this First Supplemental Indenture a
legal, valid and binding agreement of the Company and the Guarantors in
accordance with the terms hereof and of the Indenture; and
WHEREAS, the Company and Guarantors covenant and represent the change this
First Supplemental Indenture makes to the Indenture will not adversely affect
the rights of the noteholders in any respect.
NOW THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH, that, for and
in consideration of the premises, it is mutually covenanted and agreed as
follows:
ARTICLE ONE
DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
SECTION 101. Capitalized Terms.
Capitalized terms used herein and not otherwise defined herein are used
with the respective meanings ascribed to such terms in the Indenture.
SECTION 102. Effectiveness.
Upon its execution this First Supplemental Indenture shall be deemed to be
effective, and shall bind the parties hereto, as of the original execution date
of the Indenture.
SECTION 103. Incorporation of First Supplemental Indenture into Indenture.
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This First Supplemental Indenture is executed by the Company, the
Guarantors and the Trustee pursuant to the provisions of Section 9.1(1) of the
Indenture, and the terms and conditions hereof shall be deemed to be part of the
Indenture for all purposes upon the effectiveness of this First Supplemental
Indenture. The Indenture, as amended and supplemented by this First Supplemental
Indenture, is in all respects hereby adopted, ratified and confirmed.
SECTION 104. Effect of Headings.
The Article and Section headings herein are for convenience only and shall
not affect the construction hereof.
SECTION 105. Governing Law.
The internal law of the State of New York shall govern and be used to
construe this First Supplemental Indenture.
SECTION 106. Counterparts.
This First Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same instrument.
SECTION 107. Recitals.
The recitals contained herein shall be taken as the statements of the
Company and the Guarantors, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this First Supplemental Indenture.
ARTICLE TWO
AMENDMENTS TO PROVISIONS OF INDENTURE
SECTION 201. Covenants
The first paragraph of Section 4.11 of the Indenture is hereby amended in
its entirety to read as follows:
Except as set forth below, neither the Company nor any of the Company's
Subsidiaries shall, directly or indirectly, issue, assume, guaranty, incur,
become directly or indirectly liable with respect to (including as a result
of an Acquisition), or otherwise become responsible for, contingently or
otherwise (individually and collectively, to "incur" or, as appropriate, an
"incurrence"), any Indebtedness or any
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Disqualified Capital Stock (including Acquired Indebtedness) other than
Permitted Indebtedness. Notwithstanding the foregoing limitations, the
Company may incur and the Subsidiaries may guarantee Indebtedness and
Disqualified Capital Stock in addition to Permitted Indebtedness: if (i) no
Default or Event of Default shall have occurred and be continuing at the
time of, or would occur after giving effect on a PRO FORMA basis to, such
incurrence of Indebtedness or Disqualified Capital Stock and (ii) on the
date of such incurrence (the "Incurrence Date"), the Leverage Ratio of the
Company for the Reference Period immediately preceding the Incurrence Date,
after giving effect on a PRO FORMA basis to such incurrence of such
Indebtedness or Disqualified Capital Stock and, to the extent set forth in
the definition of Leverage Ratio, the use of proceeds thereof, would be
less than 7.0 to 1.
IN WITNESS WHEREOF, the parties hereto have executed this First
Supplemental Indenture as of the date first above written.
First Trust National Association, Jacor Communications Company
as Trustee
By: /s/ Xxxxx Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Assistant Vice President Its: Senior Vice President
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After Midnite Entertainment, Inc., Broadcast Finance, Inc., an Ohio a
Delaware corporation corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Cine Films, Inc., a California Cine Guarantors, Inc., a California
corporation corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Cine Guarantors II, Inc., a California Cine Guarantors II, Ltd., a Canada
corporation corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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Cine Mobile Systems Int'l. N.V., an Cine Movil S.A. de C.V., a Mexican
Antilles corporation corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Citicasters Co., an Ohio corporation F.M.I. Pennsylvania, Inc.,
a Pennsylvania corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
GACC-N26LB, Inc., a Delaware corporation GACC-340, Inc., a Delaware
corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Georgia Network Equipment, Inc., a Great American Merchandising Group,
Georgia corporation Inc., a New York corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Great American Television Productions, Inmobiliaria Radial, S.a. de C.V.,
Inc., a California corporation a Mexican a Mexican corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting Corporation, an Ohio Jacor Broadcasting of Atlanta,
corporation Inc., a Georgia corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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Jacor Broadcasting of Charleston, Inc., Jacor Broadcasting of Colorado,
a Delaware corporation Inc., a Colorado corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Denver, Inc., Jacor Broadcasting of Florida,
a California corporation Inc., a Florida corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Kansas City, Inc., Jacor Broadcasting of Las Vegas,
a Delaware corporation Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Las Vegas II, Inc., Jacor Broadcasting of Louisville,
a Delaware corporation Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Louisville II, Inc., Jacor Broadcasting of Salt Lake a
Delaware corporation City, Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Salt Lake City II, Jacor Broadcasting of San Diego,
Inc., a Delaware corporation Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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Jacor Broadcasting of Sarasota, Inc., Jacor Broadcasting of St. Louis,
a Florida corporation Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Broadcasting of Tampa Bay, Inc., Jacor Broadcasting of Toledo, Inc.,
a Florida corporation a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Cable, Inc., a Kentucky corporation Jacor Licensee of Charleston, Inc.,
a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Licensee of Kansas City, Inc., Jacor Licensee of Las Vegas, Inc.,
a Delaware corporation a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Licensee of Las Vegas II, Inc., Jacor Licensee of Louisville, Inc.,
a Delaware corporation a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Jacor Licensee of Louisville II, Inc., Jacor Licensee of Salt Lake City,
a Delaware corporation Inc., a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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Licensee of Salt Lake City II, Inc., Jacor/Premiere Holding, Inc.,
a Delaware corporation a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
JBSL, Inc., a Missouri corporation Location Productions, Inc.,
a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Location Productions II, Inc., a Noble Broadcast Center, Inc.,
California corporation a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Noble Broadcast Group, Inc., Noble Broadcast Holdings, Inc.,
a Delaware corporation; a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Noble Broadcast Licenses, Inc., Noble Broadcast of San Diego, Inc.,
a California corporation a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Nobro, S.C., a Mexican corporation Nova Marketing Group, Inc.,
a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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NSN Network Services, Ltd., a Delaware Premiere Radio Networks, Inc.,
corporation a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Radio-Active Media, Inc., a Delaware Sports Radio Broadcasting, Inc.,
corporation a California corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
Sports Radio, Inc., a California Xxxx-TCI Satellite Services, Inc.,
corporation a Colorado corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
The Xx Xxxxxxx Company Agency, Inc., VTTV Productions, a California
a California corporation corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
WHOK, Inc., an Ohio corporation Jacor Communications, Inc.
a Delaware corporation
By: /s/ Xxx. X. Xxxxx By: /s/ Xxx X. Xxxxx
----------------------------------- -------------------------------
Its: Senior Vice President Its: Senior Vice President
----------------------------------- -------------------------------
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