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EXHIBIT 4.2
FIRST SUPPLEMENTAL INDENTURE
PROVIDING FOR THE AMENDMENT OF
INDENTURE DATED JULY 12, 2001
This FIRST SUPPLEMENTAL INDENTURE (the "First Supplemental Indenture"),
dated as of _________ __, 2001, is entered into by and among XXXXXX
COMMUNICATIONS CORPORATION, a Delaware corporation, as Issuer (the "Company"),
S&E Network, Inc., a Puerto Rican corporation (the "Released Party"), the
Company's direct and indirect subsidiaries listed on the signature pages hereto
(each a "Subsidiary Guarantor" and collectively, the "Subsidiary Guarantors"),
and THE BANK OF NEW YORK, a New York banking corporation, as Trustee (the
"Trustee").
RECITALS:
A. The Company, the Subsidiary Guarantors and the Trustee entered into
an Indenture, dated as of July 12, 2001 (the "Indenture") providing for the
issuance of 10 3/4% Senior Subordinated Notes due 2008;
X. Xxxxxx Communications of San Xxxx, Inc. has agreed to sell all of
the issued and outstanding Capital Stock of the Released Party in compliance
with the terms and conditions of the Indenture and Section 10.05 of the
Indenture provides for the release of the Released Party from its Subsidiary
Guarantee; and
C. The Company, the Released Party, the Subsidiary Guarantors and the
Trustee desire to enter into and deliver this First Supplemental Indenture, as
permitted by Section 8.01 of the Indenture, to provide for the release of the
Released Party from its Subsidiary Guarantee.
NOW, THEREFORE, for and in consideration of the premises and other
valuable consideration given at or before the delivery hereof, the receipt of
which is acknowledged, it is mutually covenanted and agreed, for the equal and
proportionate benefit of the respective Noteholders, as follows:
SECTION 1. DEFINITIONS. Terms not otherwise defined herein have the
same respective meanings as set forth in the Indenture.
SECTION 2. AUTHORITY AND PURPOSE. This First Supplemental Indenture is
adopted under the authority of, and in accordance with the provisions of, the
TIA and the Indenture for the purpose of amending the Indenture to release the
Released Party from its Subsidiary Guarantee, as set forth in this First
Supplemental Indenture. These amendments are made without the consent of the
Noteholders under the authority of Section 8.01 of the Indenture.
SECTION 3. RELEASE OF SUBSIDIARY GUARANTEE. Effective as of the date
hereof upon the sale of all the issued and outstanding Capital Stock of the
Released Party by Xxxxxx
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Communications of San Xxxx, Inc., the parties hereto agree that the Released
Party shall be released as a Subsidiary Guarantor under the Indenture and from
its Subsidiary Guarantee and that the Released Party shall have no further
obligations and liabilities thereunder.
SECTION 4. EFFECT OF FIRST SUPPLEMENTAL INDENTURE. All of the terms of
the Indenture shall remain unchanged and in full force and effect, pursuant to
the terms thereof, except to the extent expressly amended and supplemented by
this First Supplemental Indenture. This First Supplemental Indenture may be
executed in any number of counterparts, each of which, when executed and
delivered, shall be deemed to be an original and all of which together shall be
deemed to be one and the same instrument.
SECTION 5. GOVERNING LAW. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO
SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS FIRST SUPPLEMENTAL INDENTURE OR
THE DEBENTURES.
SECTION 6. TRUSTEE. The Trustee shall not be responsible for any
recital herein. The Trustee makes no representation as to the validity or
sufficiency of this First Supplemental Indenture.
IN WITNESS WHEREOF, the parties have caused this First Supplemental
Indenture to be duly executed, and the Company's corporate seal to be hereunto
affixed and attested, all as of the date and year first written above.
COMPANY:
XXXXXX COMMUNICATIONS CORPORATION
By____________________________
Name: Xxxxxxx X. Xxxxxx
Title: Vice President and Assistant Secretary
RELEASED PARTY:
S&E NETWORK, INC.
By____________________________
Name: Xxxxxxx X. Xxxxxx
Title: Secretary
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SUBSIDIARY GUARANTORS:
BUD HITS, INC.
BUD SONGS, INC.
CAP COMMUNICATIONS LICENSE OF NEW LONDON, INC.
CAP COMMUNICATIONS OF NEW LONDON, INC.
CAP COMMUNICATIONS, INC.
CHANNEL 66 OF TAMPA, INC.
CLEARLAKE PRODUCTIONS, INC.
XXXXXX MEDIA CORPORATION OF FLORIDA
XXXXXX MEDIA CORPORATION OF SAN FRANCISCO, INC.
DP MEDIA, INC.
DP MEDIA LICENSE OF BATTLE CREEK, INC.
DP MEDIA LICENSE OF BOSTON, INC.
DP MEDIA LICENSE OF MARTINSBURG, INC.
DP MEDIA LICENSE OF MILWAUKEE, INC.
DP MEDIA LICENSE OF XXXXXXX XXXXXX, INC.
DP MEDIA OF BATTLE CREEK, INC.
DP MEDIA OF BOSTON, INC.
DP MEDIA OF MARTINSBURG, INC.
DP MEDIA OF MILWAUKEE, INC.
DP MEDIA OF XXXXXXX XXXXXX, INC.
DP MEDIA OF ST. LOUIS, INC.
FLAGLER PRODUCTIONS, INC
HISPANIC BROADCASTING, INC.
IRON MOUNTAIN PRODUCTIONS, INC.
OCEAN STATE TELEVISION, LLC
PAX HITS PUBLISHING, INC.
PAX INTERNET, INC.
PAX NET TELEVISION PRODUCTIONS, INC.
PAX NET, INC.
XXXXXX AKRON LICENSE, INC.
XXXXXX ALBANY LICENSE, INC.
XXXXXX ALBUQUERQUE LICENSE, INC.
XXXXXX ATLANTA LICENSE, INC.
XXXXXX BIRMINGHAM LICENSE, INC.
XXXXXX BOSTON LICENSE, INC.
XXXXXX BOSTON-68 LICENSE, INC.
XXXXXX BUFFALO LICENSE, INC.
XXXXXX CEDAR RAPIDS LICENSE, INC.
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XXXXXX CHARLESTON LICENSE, INC.
XXXXXX CHICAGO LICENSE, INC.
XXXXXX COMMUNICATIONS LICENSE COMPANY, LLC
XXXXXX COMMUNICATIONS LPTV, INC.
XXXXXX COMMUNICATIONS MANAGEMENT COMPANY, INC.
XXXXXX COMMUNICATIONS OF AKRON-23, INC.
XXXXXX COMMUNICATIONS OF ALBANY-55, INC.
XXXXXX COMMUNICATIONS OF ALBUQUERQUE-14, INC.
XXXXXX COMMUNICATIONS OF ATLANTA-14, INC.
XXXXXX COMMUNICATIONS OF BIRMINGHAM-44, INC.
XXXXXX COMMUNICATIONS OF BOSTON-46, INC.
XXXXXX COMMUNICATIONS OF BOSTON-60, INC.
XXXXXX COMMUNICATIONS OF BOSTON-68, INC.
XXXXXX COMMUNICATIONS OF BUFFALO-51, INC.
XXXXXX COMMUNICATIONS OF CEDAR RAPIDS-48, INC.
XXXXXX COMMUNICATIONS OF CHARLESTON-29, INC.
XXXXXX COMMUNICATIONS OF CHICAGO-38, INC.
XXXXXX COMMUNICATIONS OF DALLAS-68, INC.
XXXXXX COMMUNICATIONS OF XXXXXXXXX-67, INC.
XXXXXX COMMUNICATIONS OF DENVER-59, INC.
XXXXXX COMMUNICATIONS OF DES MOINES-39, INC.
XXXXXX COMMUNICATIONS OF DETROIT-31, INC.
XXXXXX COMMUNICATIONS OF FAYETTEVILLE-62, INC.
XXXXXX COMMUNICATIONS OF FRESNO-61, INC.
XXXXXX COMMUNICATIONS OF GREENSBORO-16, INC.
XXXXXX COMMUNICATIONS OF GREENVILLE-38, INC.
XXXXXX COMMUNICATIONS OF HONOLULU-66, INC.
XXXXXX COMMUNICATIONS OF HOUSTON-49, INC.
XXXXXX COMMUNICATIONS OF JACKSONVILLE-21, INC.
XXXXXX COMMUNICATIONS OF JACKSONVILLE-35, INC.
XXXXXX COMMUNICATIONS OF KANSAS CITY-50, INC.
XXXXXX COMMUNICATIONS OF KNOXVILLE-54, INC.
XXXXXX COMMUNICATIONS OF LEXINGTON-67, INC.
XXXXXX COMMUNICATIONS OF LOS ANGELES-30, INC.
XXXXXX COMMUNICATIONS OF LOUISVILLE-21, INC.
XXXXXX COMMUNICATIONS OF MEMPHIS-50, INC.
XXXXXX COMMUNICATIONS OF MIAMI-35, INC.
XXXXXX COMMUNICATIONS OF MINNEAPOLIS-41, INC.
XXXXXX COMMUNICATIONS OF MOBILE-61, INC.
XXXXXX COMMUNICATIONS OF NASHVILLE-28, INC.
XXXXXX COMMUNICATIONS OF NEW ORLEANS-49, INC.
XXXXXX COMMUNICATIONS OF NEW YORK-31, INC.
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XXXXXX COMMUNICATIONS OF NORFOLK-49, INC.
XXXXXX COMMUNICATIONS OF OKLAHOMA CITY-62, INC.
XXXXXX COMMUNICATIONS OF ORLANDO-56, INC.
XXXXXX COMMUNICATIONS OF PHILADELPHIA-61, INC.
XXXXXX COMMUNICATIONS OF PHOENIX-13, INC.
XXXXXX COMMUNICATIONS OF PHOENIX-51, INC.
XXXXXX COMMUNICATIONS OF PITTSBURGH-40, INC.
XXXXXX COMMUNICATIONS OF PORTLAND-22, INC.
XXXXXX COMMUNICATIONS OF PORTLAND-23, INC.
XXXXXX COMMUNICATIONS OF PROVIDENCE-69, INC.
XXXXXX COMMUNICATIONS OF ROANOKE-38, INC.
XXXXXX COMMUNICATIONS OF SACRAMENTO-29, INC.
XXXXXX COMMUNICATIONS OF SALT LAKE CITY-30, INC.
XXXXXX COMMUNICATIONS OF SAN ANTONIO-26, INC.
XXXXXX COMMUNICATIONS OF SAN XXXX-65, INC.
XXXXXX COMMUNICATIONS OF SAN XXXX, INC.
XXXXXX COMMUNICATIONS OF SCRANTON-64, INC.
XXXXXX COMMUNICATIONS OF SEATTLE-33, INC.
XXXXXX COMMUNICATIONS OF SHREVEPORT-21, INC.
XXXXXX COMMUNICATIONS OF SPOKANE-34, INC.
XXXXXX COMMUNICATIONS OF ST. CROIX-15, INC.
XXXXXX COMMUNICATIONS OF SYRACUSE-56, INC.
XXXXXX COMMUNICATIONS OF TAMPA-66, INC.
XXXXXX COMMUNICATIONS OF TUCSON-46, INC.
XXXXXX COMMUNICATIONS OF TULSA-44, INC.
XXXXXX COMMUNICATIONS OF WASHINGTON-66, INC.
XXXXXX COMMUNICATIONS OF WAUSAU-46, INC.
XXXXXX COMMUNICATIONS OF WEST PALM BEACH-67,
INC.
XXXXXX COMMUNICATIONS TELEVISION, INC.
XXXXXX XXXXXX LICENSE, INC.
XXXXXX XXXXXXXXX LICENSE, INC.
XXXXXX DENVER LICENSE, INC.
XXXXXX DES MOINES LICENSE, INC.
XXXXXX DETROIT LICENSE, INC.
XXXXXX DEVELOPMENT, INC.
XXXXXX FAYETTEVILLE LICENSE, INC.
XXXXXX FRESNO LICENSE, INC.
XXXXXX GREENSBORO LICENSE, INC.
XXXXXX GREENVILLE LICENSE, INC.
XXXXXX HAWAII LICENSE, INC.
XXXXXX HOUSTON LICENSE, INC.
XXXXXX JACKSONVILLE LICENSE, INC.
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XXXXXX JAX LICENSE, INC.
XXXXXX KANSAS CITY LICENSE, INC.
XXXXXX KNOXVILLE LICENSE, INC.
XXXXXX LEXINGTON LICENSE, INC.
XXXXXX LOS ANGELES LICENSE, INC.
XXXXXX MERCHANDISING & LICENSING, INC.
XXXXXX MIAMI-35 LICENSE, INC.
XXXXXX MINNEAPOLIS LICENSE, INC.
XXXXXX MOBILE LICENSE, INC.
XXXXXX NEW YORK LICENSE, INC.
XXXXXX NORFOLK LICENSE, INC.
XXXXXX OKLAHOMA CITY LICENSE, INC.
XXXXXX XXXXXXX LICENSE, INC.
XXXXXX PHILADELPHIA LICENSE, INC.
XXXXXX PHOENIX LICENSE, INC.
XXXXXX PORTLAND LICENSE, INC.
XXXXXX PRODUCTIONS, INC.
XXXXXX ROANOKE LICENSE, INC.
XXXXXX SACRAMENTO LICENSE, INC.
XXXXXX SALEM LICENSE, INC.
XXXXXX SALT LAKE CITY LICENSE, INC.
XXXXXX SAN ANTONIO LICENSE, INC.
XXXXXX SAN XXXX LICENSE, INC.
XXXXXX SCRANTON LICENSE, INC.
XXXXXX SEATTLE LICENSE, INC.
XXXXXX SHREVEPORT LICENSE, INC.
XXXXXX SPOKANE LICENSE, INC.
XXXXXX SPORTS OF MIAMI, INC.
XXXXXX ST. CROIX LICENSE, INC.
XXXXXX SYRACUSE LICENSE, INC.
XXXXXX TAMPA-66 LICENSE, INC.
XXXXXX TELEVISION PRODUCTIONS, INC.
XXXXXX TELEVISION, INC.
XXXXXX TENNESSEE LICENSE, INC.
XXXXXX TULSA LICENSE, INC.
XXXXXX WASHINGTON LICENSE, INC.
XXXXXX WAUSAU LICENSE, INC.
PCC DIRECT, INC.
RDP COMMUNICATIONS LICENSE OF INDIANAPOLIS, INC.
RDP COMMUNICATIONS OF INDIANAPOLIS, INC.
RDP COMMUNICATIONS, INC.
TRAVEL CHANNEL ACQUISITION CORPORATION
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By____________________________
Name: Xxxxxxx X. Xxxxxx
Title: Secretary of each of such
Subsidiary Guarantors
AMERICA 51, L.P.
By: Xxxxxx Communications of Phoenix-51,
Inc., its General Partner and
Limited Partner
By: Xxxxxx Communications Television,
Inc., its Limited Partner
By____________________________
Name: Xxxxxxx X. Xxxxxx
Title: Secretary of such General and
Limited Partners
TRUSTEE:
THE BANK OF NEW YORK as Trustee
By____________________________
Name:
Title:
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