H C Crown, LLC Letterhead] February 15, 2011
Exhibit 10.90
[H C Crown, LLC Letterhead]
February 15, 2011
Crown
Media Holdings, Inc.
00000 Xxxxxxx Xxxx.
Studio City, CA 91302
Attention: | Xxxxxxx Xxxxxx, Interim Chief Financial Officer Xxxxxxx Xxxxxxxx, General Counsel |
- Re:
- Credit Agreement, dated as of June 29, 2010 among Crown Media Holdings, Xxx.xx Borrower ("Crown") and H C Crown, LLC (f/k/a H C Crown Corp.), as Lender ("HCC") and other Credit Parties thereto ("Credit Agreement")
Gentlemen:
In addition to the deductions provided in the definition of "Excess Cash Flow" in the Credit Agreement, HCC hereby consents to Crown deducting the following for purposes of calculating its Excess Cash Flow pursuant to the Credit Agreement:
(i) all interest and principal paid pursuant to the Credit Agreement that is not otherwise captured in (a) or (e) of the definition of "Excess Cash Flow," (ii) all payments for debt restructuring costs under a troubled debt restructuring that are shown in the "Cash Flow from Financing Activities" section of Crown's Consolidated Statement of Cash Flows.
This Consent shall be effective for all future calculations of "Excess Cash Flow" required pursuant to the Credit Agreement.
Sincerely, | ||
H C CROWN, LLC |
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/s/ XXXXXXX XXXXXXXX Xxxxxxx Xxxxxxxx Vice President |