Exhibit 10.8
AMENDMENT NO. 1 TO CREDIT AGREEMENT
AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of August
14, 1996 between MERCOM, INC. (together with its successors, the "Borrower") and
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK (the "Bank").
WITNESSETH:
WHEREAS, the parties hereto have heretofore entered into an Amended and
Restated Credit Agreement dated as of August 16, 1995 (the "Agreement"); and
WHEREAS, the Company has requested of the Bank, and the Bank has agreed to
provide, a 364-day extension to the Commitment under the Agreement on the terms
and subject to the conditions set forth herein;
NOW, THEREFORE, the parties hereto agree as follows:
SECTION 1. Definitions; References. Unless otherwise specifically defined
herein, each term used herein which is defined in the Agreement shall have the
meaning assigned to such term in the Agreement. Each reference to "hereof",
"hereunder", "herein" and "hereby" and each other similar reference and each
reference to "this Agreement" and each other similar reference contained in the
Agreement shall from and after the date hereof refer to the Agreement as amended
hereby.
SECTION 2. Amendment to Definition. Section 1.01 of the Agreement is
amended by substituting the following definition for the definition of
"Termination Date":
"Termination Date" means August 12, 1997, or, if such day is not a
Euro-Dollar Business Day, the next preceding Euro-Dollar Business Day.
SECTION 3. Effect of Amendment. Except as expressly set forth herein, the
amendment contained herein shall not constitute a waiver or amendment of any
term or condition of the Agreement or the Note, and all such terms and
conditions shall remain in full force and effect and are hereby ratified and
confirmed in all respects.
SECTION 4. Counterparts. This Amendment No. 1 may be signed in any number
of counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument.
SECTION 5. GOVERNING LAW. THIS AMENDMENT NO. 1 SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly executed by their respective authorized officers as of the day and
year first above written.
MERCOM, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
Title: Executive Vice President and
Chief Financial Officer
XXXXXX GUARANTY TRUST
COMPANY OF NEW YORK
By:
----------------------------
Name:
Title:
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IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed by their respective authorized officers as of the
day and year first above written.
MERCOM, INC.
By:
-------------------------------
Name:
Title:
XXXXXX GUARANTY TRUST
COMPANY OF NEW YORK
By: /s/ XXXXXX X. XXXXXXXXX
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Name: XXXXXX X. XXXXXXXXX
Title: VICE PRESIDENT
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