AMENDMENT NO. 1
[CONFORMED COPY]
AMENDMENT XX. 0
XXXXXXXXX XX. 0 dated as of July 24, 1996, between:
XXXXXXXX BROADCAST GROUP, INC., a corporation duly organized
and validly existing under the laws of the State of Maryland (the
"Borrower");
each of the Subsidiaries of the Borrower identified under the
caption "SUBSIDIARY GUARANTORS" on the signature pages hereto
(individually, a "Subsidiary Guarantor" and, collectively, the
"Subsidiary Guarantors" and, together with the Borrower, the
"Obligors");
each of the lenders that is a signatory hereto (individually,
a "Lender" and, collectively, the "Lenders"); and
THE CHASE MANHATTAN BANK (as successor by merger to The Chase
Manhattan Bank (National Association)), a New York state banking
corporation, as agent for the Lenders (in such capacity, together with
its successors in such capacity, the "Agent").
The Borrower, the Subsidiary Guarantors, the Lenders and the
Agent are parties to a Second Amended and Restated Credit Agreement dated as of
May 31, 1996 (as heretofore modified and supplemented and in effect on the date
hereof, the "Credit Agreement"), providing, subject to the terms and conditions
thereof, for extensions of credit (by making of loans and issuing letters of
credit) to be made by said Lenders to the Borrower in an aggregate principal or
face amount not exceeding $1,200,000,000. The Borrower, the Subsidiary
Guarantors, the Lenders and the Agent wish to amend the Credit Agreement in
certain respects, and accordingly, the parties hereto hereby agree as follows:
Section 1. Definitions. Except as otherwise defined in this
Amendment No. 1, terms defined in the Credit Agreement are used herein as
defined therein.
Section 2. Amendments. Subject to the satisfaction of the
conditions precedent specified in Section 4 below, but
Amendment No. 1
---------------
- 2 -
effective as of the date hereof, the Credit Agreement shall be amended as
follows:
A. References in the Credit Agreement (including references to
the Credit Agreement as amended hereby) to "this Agreement" (and indirect
references such as "hereunder", "hereby", "herein" and "hereof") shall be deemed
to be references to the Credit Agreement as amended hereby.
B. Section 9.30 of the Credit Agreement is hereby amended in
its entirety to read as follows:
"9.30 FCC Filings. Not later than 30 days after the
Restatement Effective Date, the Borrower will cause to be filed with
the FCC in connection with the proposed transfer to the Borrower or any
of its Subsidiaries of the 'License Assets' referred to in the River
City Group I Option Agreement, applications for all material
authorizations, licenses and permits issued by the FCC that are
required or necessary for the conduct of business of the Borrower and
its Subsidiaries as proposed to be conducted with respect to each of
the Stations to which such 'License Assets' relate; provided that,
notwithstanding the foregoing, with respect to (a) KDNL-TV, St. Louis,
Missouri, (b) WVRV(FM), East St. Louis, Illinois, (c) KPNT(FM), Ste.
Xxxxxxxxx, Missouri, (d) WTTV-TV, Bloomington, Indiana, (e) WTTK-TV,
Kokomo, Indiana, (f) WLOS-TV, Asheville, North Carolina and (g)
KABB-TV, San Antonio, Texas, the Borrower will cause such applications
to be filed with the FCC by not later than October 31, 1996."
Section 3. Representations and Warranties. The Borrower
represents and warrants to the Lenders that the representations and warranties
set forth in Section 8 of the Credit Agreement are true and complete on the date
hereof as if made on and as of the date hereof and as if each reference in said
Section 8 to "this Agreement" included reference to this Amendment No. 1.
Section 4. Conditions Precedent. As provided in Section 2
above, the amendments to the Credit Agreement set forth in said Section 2 shall
become effective, as of the date hereof, upon the execution and delivery of this
Amendment No. 1 by the Borrower, the Subsidiary Guarantors, the Majority Lenders
and the Agent.
Section 5. Miscellaneous. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and
Amendment No. 1
---------------
- 3 -
effect. This Amendment No. 1 may be executed in any number of counterparts, all
of which taken together shall constitute one and the same amendatory instrument
and any of the parties hereto may execute this Amendment No. 1 by signing any
such counterpart. This Amendment No. 1 shall be governed by, and construed in
accordance with, the law of the State of New York.
Amendment No. 1
---------------
- 4 -
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 1 to be duly executed and delivered as of the day and year first
above written.
XXXXXXXX BROADCAST GROUP, INC.
By /s/ Xxxxx Xxxxx
---------------------------
Title: President
Amendment No. 1
---------------
- 5 -
SUBSIDIARY GUARANTORS
CHESAPEAKE TELEVISION, INC.
KABB, INC.
KDNL, INC.
KDSM, INC.
KSMO, INC.
SCI - INDIANA, INC.
SCI - SACRAMENTO, INC.
XXXXXXXX COMMUNICATIONS, INC.
XXXXXXXX RADIO OF ALBUQUERQUE, INC.
XXXXXXXX RADIO OF BUFFALO, INC.
XXXXXXXX RADIO OF GREENVILLE, INC.
XXXXXXXX RADIO OF LOS ANGELES, INC.
XXXXXXXX RADIO OF MEMPHIS, INC.
XXXXXXXX RADIO OF NASHVILLE, INC.
XXXXXXXX RADIO OF NEW ORLEANS, INC.
XXXXXXXX RADIO OF ST. LOUIS, INC.
XXXXXXXX RADIO OF XXXXXX-XXXXX,
INC.
TUSCALOOSA BROADCASTING, INC.
WCGV, INC.
WDBB, INC.
WLFL, INC.
WLOS, INC.
WPGH, INC.
WPGH LICENSEE, INC.
WSMH, INC.
WSTR, INC.
WSTR LICENSEE, INC.
WTTE, CHANNEL 28, INC.
WTTE, CHANNEL 28 LICENSEE, INC.
WTTO, INC.
WTVZ, INC.
WTVZ LICENSEE, INC.
WYZZ, INC.
SUPERIOR COMMUNICATIONS OF
OKLAHOMA, INC.
By /s/ Xxxxx Xxxxx
--------------------------------
Title: President
Amendment No. 1
---------------
- 6 -
SUBSIDIARY GUARANTORS
CHESAPEAKE TELEVISION
LICENSEE, INC.
FSF TV, INC.
KABB LICENSEE, INC.
KDNL LICENSEE, INC.
KDSM LICENSEE, INC.
KSMO LICENSEE, INC.
SCI - INDIANA LICENSEE, INC.
SCI - SACRAMENTO LICENSEE, INC.
XXXXXXXX RADIO OF ALBUQUERQUE
LICENSEE, INC.
XXXXXXXX RADIO OF BUFFALO
LICENSEE, INC.
XXXXXXXX RADIO OF GREENVILLE
LICENSEE, INC.
XXXXXXXX RADIO OF LOS ANGELES
LICENSEE, INC.
XXXXXXXX RADIO OF MEMPHIS
LICENSEE, INC.
XXXXXXXX RADIO OF NASHVILLE
LICENSEE, INC.
XXXXXXXX RADIO OF NEW ORLEANS
LICENSEE, INC.
XXXXXXXX RADIO OF ST. LOUIS
LICENSEE, INC.
XXXXXXXX RADIO OF XXXXXX-XXXXX
LICENSEE, INC.
SUPERIOR COMMUNICATIONS GROUP, INC.
SUPERIOR COMMUNICATIONS OF
KENTUCKY, INC.
SUPERIOR KY LICENSE CORP.
SUPERIOR OK LICENSE CORP.
WCGV LICENSEE, INC.
WLFL LICENSEE, INC.
WLOS LICENSEE, INC.
WSMH LICENSEE, INC.
WTTO LICENSEE, INC.
WYZZ LICENSEE, INC.
By /s/ Xxxxx Xxxxx
--------------------------------
Title: President
Amendment No. 1
---------------
- 7 -
AGENT
-----
THE CHASE MANHATTAN BANK,
as Agent
By /s/ Xxxxxx X. Xxxxx
--------------------------------
Title: Vice President
LENDERS
THE CHASE MANHATTAN BANK
By /s/ Xxxxxx X. Xxxxx
--------------------------------
Title: Vice President
ABN AMRO BANK N.V.
By /s/ Xxx Xxxxxxxxxxxxx
--------------------------------
Title: Vice President
By /s/ Xxxxx Xxxxxxxx
--------------------------------
Title: Group Vice President
BANK OF AMERICA, ILLINOIS
By /s/ Xxxx Xxxxx
--------------------------------
Title: Vice President
BANK OF HAWAII
By /s/ Xxxxx X. Xxxxxxx
--------------------------------
Title: Officer
Amendment No. 1
---------------
- 8 -
BANK OF IRELAND GRAND CAYMAN
By /s/ Xxxxx Xxxxx
--------------------------------
Title: Vice President
THE BANK OF NEW YORK
By /s/ Xxxxxx X. Xxxxxx
--------------------------------
Title: Vice President
BANKERS TRUST COMPANY
By /s/ Xxxxxxxx Xxxxx
--------------------------------
Title: Vice President
BANQUE FRANCAISE DU COMMERCE
EXTERIEUR
By /s/ Xxxxx X. Xxxxxxxxxx
--------------------------------
Title: Assistant Treasurer
By /s/ Xxxxxxxxx X. Xxxxxxx
--------------------------------
Title: Vice President
BANQUE NATIONALE DE PARIS
By /s/ Xxxxx Xxxxxxxxx
--------------------------------
Title: Vice President/
Team Leader
By /s/ Xxxxxx Xxxxxx
--------------------------------
Title: Assistant Treasurer
Amendment No. 1
---------------
- 9 -
BANQUE PARIBAS
By /s/ Philippe Vuarchex
--------------------------------
Title: Vice President
BARCLAYS BANK plc
By /s/ Xxxxx X. Xxxxxxx
--------------------------------
Title: Director
CERES FINANCE LTD.
By /s/ Xxxxxxxxx Xxxxxx
--------------------------------
Title: Director
CHL HIGH YIELD LOAN PORTFOLIO (A
UNIT OF THE CHASE MANHATTAN BANK)
By /s/ Xxxxxx X. Xxxxxx
--------------------------------
Title: Managing Director
CIBC, INC.
By /s/ Xxxxxx Xxxxxxxx
--------------------------------
Title: Director, CIBC Wood
Gundy Securities Corp.
as Agent
Amendment No. 1
---------------
- 10 -
COMPAGNIE FINANCIERE DE CIC ET DE
L'UNION EUROPEENNE
By /s/ Xxxxxx Xxxxxx
--------------------------------
Title: Vice President
By /s/ Xxxxx X'Xxxxx
--------------------------------
Title: Vice President
COOPERATIEVE CENTRALE RAIFFEISEN -
BOERENLEENBANK B.A., "RABOBANK
NEDERLAND," NEW YORK BRANCH
By /s/ Xxxxxx X. Xxxxxx, III
--------------------------------
Title: Assistant Treasurer
By /s/ W. Xxxxxxx Xxxxxxx
--------------------------------
Title: Vice President, Manager
By /s/ Xxxx X. Xxxxxxxx
--------------------------------
Title: Vice President
CORESTATES BANK, N.A.
By /s/ Xxxxxx X. Xxxxxxxx
--------------------------------
Title: Vice President
THE DAI-ICHI KANGYO BANK, LTD.
By /s/ Xxxx Xxxxxxx
--------------------------------
Title: Vice President
Amendment No. 1
---------------
- 11 -
FLEET NATIONAL BANK
By /s/ Xxxxx X. Xxxxxxx
--------------------------------
Title: Senior Vice President
THE FUJI BANK, LTD., NEW YORK
BRANCH
By /s/ Xxxxx Xxxxxxxx
--------------------------------
Title: Vice President & Manager
HIBERNIA NATIONAL BANK
By /s/ Xxxx X. Xxxxxxxxxx
--------------------------------
Title: Vice President
INDOSUEZ CAPITAL FUNDING II,
LIMITED
By: Indosuez Capital, as
Portfolio Advisor
By /s/ Xxxxxxxxx Xxxxxxxxx
--------------------------------
Title: Vice President
KEYPORT LIFE INSURANCE COMPANY
By: Chancellor Senior Secured
Management, Inc. as
Portfolio Advisor
By /s/ Xxxxxxx X. Xxxxx
--------------------------------
Title: Vice President
XXXXXX COMMERCIAL PAPER INC.
By /s/ Xxxxxxx Xxxxxxx
--------------------------------
Title: Authorized Signatory
Amendment No. 1
---------------
- 12 -
LTCB TRUST COMPANY
By /s/ Xxxxxx Xxxxxx
--------------------------------
Title: Executive Vice President
MEDICAL LIABILITY MUTUAL INSURANCE
CO.
By: Chancellor Senior Secured
Management, Inc. as
Investment Manager
By /s/ Xxxxxxx X. Xxxxx
--------------------------------
Title: Vice President
MELLON BANK, N.A.
By /s/ Xxxx X. Xxxxxxxxx
--------------------------------
Title: Assistant Vice President
MERCANTILE BANK OF ST. LOUIS,
NATIONAL ASSOCIATION
By /s/ Xxxxxx X. Xxxxxx
--------------------------------
Title: Vice President
XXXXXXX XXXXX PRIME RATE PORTFOLIO
By: Xxxxxxx Xxxxx Asset
Management, L.P., as
Investment Advisor
By /s/ Xxxx X. Xxxxxx
--------------------------------
Title: Authorized Signatory
XXXXXXX XXXXX SENIOR FLOATING RATE
FUND, INC.
By /s/ Xxxx X. Xxxxxx
--------------------------------
Title: Authorized Signatory
Amendment No. 1
---------------
- 13 -
MICHIGAN NATIONAL BANK
By /s/ Xxxxxxxx X. Xxxxx
--------------------------------
Title: Vice President
THE MITSUBISHI TRUST AND BANKING
CORPORATION
By /s/ Xxxxxxxx Xxxxx Xx Xxxx
--------------------------------
Title: Senior Vice President
NATIONSBANK, N.A.
By /s/ Xxxxxxxx X. Xxxxxx
--------------------------------
Title: Vice President
NEW YORK LIFE INSURANCE COMPANY
By /s/ Xxxx X. Xxxxxxx
--------------------------------
Title: Investment Vice
President
THE NIPPON CREDIT BANK, LTD.
By /s/ Xxxxx X. Xxxxxxxxxx
--------------------------------
Title: Vice President and
Manager
THE NORTHWESTERN MUTUAL LIFE
INSURANCE COMPANY
By /s/ Xxxx X. Xxxxxxxxx
--------------------------------
Title: Vice President
Amendment No. 1
---------------
- 14 -
PNC BANK, NATIONAL ASSOCIATION
By /s/ Xxxxxxx X. Xxxxxx
--------------------------------
Title: Vice President
XXXXXXX SACHS CREDIT PARTNERS L.P.
By /s/ Xxxx X. Xxxxx
--------------------------------
Title: Authorized Signer
PROTECTIVE LIFE INSURANCE COMPANY
By /s/ Xxxx X. Xxxxx
--------------------------------
Title: CFA Principal
Protective Asset
Management Co.
RESTRUCTURED OBLIGATIONS BACKED BY
SENIOR ASSETS B.V.
By: Chancellor Senior Secured
Management, Inc.
as Portfolio Advisor
By /s/ Xxxxxxx X. Xxxxx
--------------------------------
Title: Vice President
THE ROYAL BANK OF SCOTLAND plc
By /s/ Xxxxx X. Xxxxxxxx
---------------------------------
Title: Senior Vice President
& Manager
THE SAKURA BANK, LTD.
By /s/ Yoshikaza Nagura
---------------------------------
Title: Vice President
Amendment No. 1
---------------
- 15 -
THE SANWA BANK LTD.
By /s/ Xxxxxxxxx Xxxxxxx
--------------------------------
Title: Assistant Vice President
SENIOR DEBT PORTFOLIO
By: Boston Management and
Research, as Investment
Advisor
By
--------------------------------
Title:
SENIOR HIGH INCOME PORTFOLIO, INC.
By /s/ Xxxx X. Xxxxxx
--------------------------------
Title: Authorized Signatory
KEYBANK NATIONAL ASSOCIATION
F/K/A SOCIETY NATIONAL BANK
By /s/ Xxxxx X. Xxxxxx
---------------------------------
Title: Assistant Vice President
SOUTHERN PACIFIC THRIFT & LOAN
ASSOCIATION
By /s/ Xxxxxxx X. Xxxxxxxxx
--------------------------------
Title: Senior Vice President
THE TORONTO-DOMINION (NEW YORK)
BANK, INC.
By /s/ Xxxxxx X. Xxxxxx
--------------------------------
Title: Vice President
Amendment No. 1
---------------
- 16 -
UNION BANK OF CALIFORNIA, N.A.
By /s/ Xxxxxxxxx X. Xxxx
--------------------------------
Title: Vice President
XXX XXXXXX AMERICAN CAPITAL PRIME
RATE INCOME TRUST
By /s/ Xxxxxxx X. Xxxxxxx
--------------------------------
Title: Sr. Vice Pres.
- Portfolio Manager
Amendment No. 1
---------------
