EXHIBIT 10.5.2
FIRST AMENDMENT TO CREDIT AGREEMENT
-----------------------------------
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is dated
---------
as of the 17th day of September, 1996, among Xxxxx Cable Holdings, Inc. (the
"Borrower"), the Restricted Subsidiaries of the Borrower from time to time
---------
parties to the Credit Agreement, Nationsbank of Texas, N.A., individually as a
Lender and as the Administrative Agent and the other Lenders party hereto.
WITNESSETH:
----------
A. On October 31, 1995, the Borrower, the Restricted Subsidiaries of
the Borrower at such time, NationsBank, individually as a Lender and as the
Administrative Agent, and the other Lenders party thereto (the "Original
--------
Lenders"), entered into that certain Credit Agreement (the "Credit Agreement")
------- ----------------
providing for a $500,000,000 credit facility.
B. The Borrower has requested an increase in the amount of the Total
Commitment from $500,000,000 to $600,000,000 and has requested certain other
modifications to the Credit Agreement.
C. The Lenders party to this Amendment (the "New Lenders") have
-----------
agreed to increase the Total Commitment by $100,000,000 for a Total Commitment
of $600,000,000 under the Credit Agreement and to make certain other amendments
to the Credit Agreement, subject to the Borrower's and the Restricted
Subsidiaries' compliance with the representations, warranties, covenants and
other terms and conditions set forth herein.
NOW, THEREFORE, for valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree hereby as
follows:
1. Certain Definitions and Terms. All capitalized terms used herein and
-----------------------------
not otherwise defined herein shall have the meanings set forth in the Credit
Agreement.
2. Amendment of Certain Definitions.
--------------------------------
(a) The definition of "Applicable Margin" set forth in Section 1 of
---------
the Credit Agreement is hereby deleted in its entirety and is replaced
with the following in lieu thereof:
"Applicable Margin": at the time of any determination thereof,
-----------------
for purposes of all Loans, the margin of interest over the ABR or the
Eurodollar Rate, as the case may be, which is applicable at the time
of any determination of interest rates under this Agreement, which
Applicable
Margin shall be subject to adjustment (upwards or downwards, as
appropriate) based on the Leverage Ratio, as follows:
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Applicable Margin Applicable Margin for
Leverage Ratio for ABR Loans Eurodollar Rate Loans
------------------------------------------------------------------------------
Greater than 5.00 to 1 0.000% 1.000%
------------------------------------------------------------------------------
Greater than or equal to 4.50 to 1
but less than or equal to 5.00 to 1 0.000% 0.750%
------------------------------------------------------------------------------
Less than 4.50 to 1 0.000% 0.500%
------------------------------------------------------------------------------
For the purposes of this definition, the Applicable Margin shall be
determined as at the end of each of the first three quarterly periods of
each fiscal year of the Borrower and as at the end of each fiscal year of
the Borrower, based on the relevant financial statements delivered pursuant
to Section 7.1(a) or (b) and the Compliance Certificate delivered pursuant
to Section 7.2(b); changes in the Applicable Margin shall become effective
on the date which is the earlier of (i) two Business Days after the date
the Administrative Agent receives such financial statements and the
corresponding Compliance Certificate and (ii) the 60th day after the end of
each of the first three quarterly periods of each fiscal year or the 120th
day after the end of each fiscal year, as the case may be, and shall remain
in effect until the next change to be effected pursuant to this definition;
provided, that (a) until the first such financial statements and Compliance
Certificate are delivered after the date hereof, the Applicable Margin
shall be determined by reference to the Leverage Ratio set forth in the
Closing Certificate delivered to the Administrative Agent pursuant to
Section 6.1(b) and (b) if any financial statements or the Compliance
Certificate referred to above are not delivered within the time periods
specified above, then, for the period from and including the date on which
such financial statements and Compliance Certificate are required to be
delivered to but not including the date on which such financial statements
and Compliance Certificate are delivered, then the Applicable Margin as at
the end of the fiscal period that would have been covered thereby shall be
deemed to be the Applicable Margin which would be applicable when the
Leverage Ratio is greater than 5.00 to 1.00."
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(b) The definition of "Total Commitment" set forth in Section 1 of the
---------
Credit Agreement is hereby deleted in its entirety and is replaced with the
following in lieu thereof:
"'Total Commitment': the sum of the Commitments (in each case, as
----------------
the same may be increased, reduced or otherwise adjusted from time to
time as provided herein) not to exceed $600,000,000."
3. Upfront Fee for Increased Commitment. The Borrower agrees hereby to
------------------------------------
pay to the Administrative Agent on the date of this Amendment, for the account
of each Lender, a non-refundable upfront fee, for the $100,000,000 increase in
the Total Commitment, equal to .20% of such $100,000,000 (the "Upfront Fee").
-----------
Upon the Administrative Agent's receipt of the Upfront Fee, the Administrative
Agent shall pay to each New Lender its prorata share of the Upfront Fee based on
such New Lender's prorata share of the $100,000,000 increase in the Total
Commitment. The Borrower further acknowledges and agrees that the Upfront Fee
(i) shall be fully earned and non-refundable when paid and (ii) is separate
from, and in addition to, the fees payable as set forth in Section 4.3 of the
-----------
Credit Agreement.
4. Restricted Subsidiaries. The Borrower hereby designates Xxxxx
-----------------------
Communications of Arizona, Inc., Xxxxx Communications of Georgia, Inc., Xxxxx
Telecommunications of Maryland, Inc. and Xxxxx Telecommunications of Virginia,
Inc., as Restricted Subsidiaries under the Credit Agreement.
5. Schedule 1.1 to the Credit Agreement is hereby deleted in its entirety
------------
and is replaced with the new Schedule 1.1 attached hereto and made a part
------------
hereof.
6. Schedule 5.14 to the Credit Agreement is hereby deleted in its
-------------
entirety and is replaced with the new Schedule 5.14 attached hereto and made a
-------------
part hereof.
7. Schedule 5.25 to the Credit Agreement is hereby deleted in its
-------------
entirety and is replaced with the new Schedule 5.25 attached hereto and made a
-------------
part hereof.
8. Schedule 6.1(f) to the Credit Agreement is hereby deleted in its
---------------
entirety and is replaced with the new Schedule 6.1(f) attached hereto and made a
---------------
part hereof.
9. Conditions Precedent. This Amendment shall not be effective until the
--------------------
following matters have been satisfied to the reasonable satisfaction of
Administrative Agent:
(a) This Amendment shall have been duly executed and delivered to
the Administrative Agent by the Borrower, the Restricted Subsidiaries of
the Borrower and the New Lenders.
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(b) The Original Lenders shall have assigned their respective
interests in the Credit Agreement and the other Loan Documents to the New
Lenders pursu ant to Section 12.6(c) of the Credit Agreement and in the
---------------
form of the Assignment and Acceptance attached to the Credit Agreement as
Exhibit A thereto.
---------
(c) The Borrower shall (i) execute and deliver to each New Lender a
promissory note in the form of Exhibit H to the Credit Agreement, with
---------
appropriate insertions therein, dated the date hereof payable to the order
of each New Lender in the aggregate principal amount of the Commitment of
such Lender as reflected in the new Schedule 1.1 attached hereto; and (ii)
------------
deliver to the Administrative Agent all of the certificates representing
all of the shares of Capital Stock of Xxxxx Communications of Arizona, Inc.
and Xxxxx Communications of Georgia, Inc., together with undated stock
powers for each such certificate executed in blank by a duly authorized
officer of the Borrower.
(d) Xxxxx Telecommunications of Maryland, Inc., Xxxxx
Telecommunications of Virginia, Inc., Xxxxx Communications of Arizona, Inc.
and Xxxxx Communications of Georgia, Inc. shall have each executed and
delivered to the Administrative Agent, a Pledge Agreement, in the form of
Exhibit F to the Credit Agreement and shall have delivered stock
---------
certificates representing all of the capital stock owned by such Restricted
Subsidiary to the Administrative Agent, together with stock powers executed
in blank in respect of such capital stock.
(e) Legal counsel for the Borrower shall have delivered a legal
opinion to Administrative Agent and the New Lenders (i) to the effect that
this Amendment and the Pledge Agreements of Xxxxx Telecommunications of
Maryland, Inc., Xxxxx Telecommunications of Virginia, Inc., Xxxxx
Communications of Arizona, Inc. and Xxxxx Communications of Georgia, Inc.
are legal and binding agreements enforceable against the parties party
thereto in accordance with their terms; and (ii) opining to such other
matters as Administrative Agent may reasonably request.
(f) The Borrower shall have paid to the Administrative Agent, for
pro-rata distribution to the New Lenders, the Upfront Fee.
(g) The Borrower, Xxxxx Telecommunications of Maryland, Inc., Xxxxx
Telecommunications of Virginia, Inc., Xxxxx Communications of Arizona, Inc.
and Xxxxx Communications of Georgia, Inc. shall have each delivered to the
Administrative Agent, resolutions from their respective Boards of Directors
evidencing the authority of the Borrower, Xxxxx Telecommunications of
Maryland, Inc., Xxxxx Telecommunications of Virginia, Inc., Xxxxx
Communications of Arizona, Inc. and Xxxxx Communications of Georgia, Inc.
to execute their respective documents as set forth herein, and to perform
their respective obligations thereunder.
-4-
(h) Xxxxx Telecommunications of Maryland, Inc., Xxxxx
Telecommunications of Virginia, Inc., Xxxxx Communications of Arizona, Inc.
and Xxxxx Communications of Georgia, Inc. shall have each delivered to the
Administrative Agent (i) a copy of their respective Articles of
Incorporation and all amendments thereto, accompanied by an original
certificate issued by the Secretary of State of the State of incorporation
of each such entity, dated within thirty days of the date of this
Amendment, certifying that such copy is true, correct and complete; (ii)
copies of its Bylaws and all amendments thereto; (iii) original
certificates of existence and good standing issued by the appropriate
officials of the State of incorporation and/or qualification of each such
entity, dated within thirty days of the date of this Amendment; and (iv) an
original executed Closing Certificate, dated as of the date of this
Amendment, in the form of Exhibit J to the Credit Agreement.
---------
10. Representations and Warranties. The Borrower and each of its
------------------------------
Restricted Subsidiaries represent and warrant to the Administrative Agent and
the Lenders that (a) this Amendment and the Loan Documents executed in
connection herewith have each been duly authorized, executed and delivered by
the Borrower and each Restricted Subsidiary party hereto and thereto and
constitute legal, valid, and binding obligations of the Borrower and each
Restricted Subsidiary party hereto and thereto, enforceable against the Borrower
and/or Restricted Subsidiary in accordance with their respective terms, except
as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors' rights generally or general principles of equity, (b) both before and
after giving effect to the transactions, consents and modifications contemplated
herein, there exists no Default or Event of Default under the Credit Agreement,
(c) the representations and warranties of the Borrower and each of its
Restricted Subsidiaries set forth in the Credit Agreement and the other Loan
Documents to which each such entity is a party are true and correct as of the
date of this Amendment as though made on and as of such date, except to the
extent that such representations and warranties relate to the ownership of
assets of the Borrower or a Restricted Subsidiary which have been transferred in
accordance with Section 8.5 of the Credit Agreement, (d) the Borrower and each
-----------
of its Restricted Subsidiaries has complied with all agreements and conditions
to be complied with by each of them on or before the date of this Amendment
under the Credit Agreement, the other Loan Documents and this Amendment, and (e)
the Credit Agreement, as amended hereby, the other Loan Documents, as amended,
remain in full force and effect, and are sufficient to grant a perfected
security interest and lien in all Collateral described therein, securing payment
and performance of the Obligations of the Borrower and its Restricted
Subsidiaries under the Loan Documents, as amended hereby.
11. Further Assurances. The Borrower, each of its Restricted Subsidiaries
------------------
shall execute and deliver such further consents, acknowledgments, agreements,
documents, instruments, and certificates, in form and substance satisfactory to
Lenders, as Lenders may deem necessary or appropriate in connection with this
Amendment.
-5-
12. Counterparts. This Amendment may be executed in any number of
------------
counterparts, all of which taken together shall constitute one and the same
instrument. In making proof hereof, it shall not be necessary to produce or
account for any counterpart other than one signed by the party against which
enforcement is sought.
13. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND THE RIGHTS,
-------------
OBLIGATIONS AND LIABILITIES OF THE PARTIES HERETO SHALL BE DETERMINED IN
ACCORDANCE WITH, THE INTERNAL LAWS (AS OPPOSED TO CONFLICT OF LAWS PROVISIONS)
AND JUDICIAL DECISIONS OF THE STATE OF NEW YORK AND APPLICABLE FEDERAL LAW.
14. ENTIRE AGREEMENT. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
----------------
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENT
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
EXCEPT AS HEREIN EXPRESSLY MODIFIED, THE CREDIT AGREEMENT, THE LOAN DOCUMENTS
AND ALL OTHER DOCUMENTS AND AGREEMENTS EXECUTED IN CONNECTION THEREWITH SHALL
CONTINUE IN FULL FORCE AND EFFECT.
[Remainder of Page Intentionally Left Blank. Signature Pages Follow.]
-6-
IN WITNESS WHEREOF, this Amendment is executed as of the date first
set forth above.
XXXXX CABLE HOLDINGS, INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
By their execution hereinbelow, each of the Restricted Subsidiaries
agrees to be bound by each agreement, covenant, representation, warranty and
term and condition contained in this Amendment, the Credit Agreement and the
other Loan Documents which, by their terms, apply to the Restricted
Subsidiaries.
XXXXX COMMUNICATIONS OF VIRGINIA. INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
XXXXX COMMUNICATIONS OF
COLORADO, INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
-7-
XXXXX COMMUNICATIONS
OF MARYLAND, INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
XXXXX TELECOMMUNICATIONS OF
MARYLAND, INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
XXXXX TELECOMMUNICATIONS OF
VIRGINIA, INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
XXXXX COMMUNICATIONS OF ARIZONA,
INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
-8-
XXXXX COMMUNICATIONS OF GEORGIA,
INC.
By: /s/ J. Xxx Xxxxxx
------------------------------------
Name: J. XXX XXXXXX
----------------------------------
Title: VICE PRESIDENT/TREASURER
---------------------------------
The Administrative Agent, the Documentation
-------------------------------------------
Agent and the Syndication Agent:
-------------------------------
NATIONSBANK OF TEXAS, N.A.,
as the Administrative Agent and
Documentation Agent
By: [SIGNATURE APPEARS HERE]
------------------------------------
Name: [NAME APPEARS HERE]
----------------------------------
Title: Vice President
---------------------------------
THE BANK OF NOVA SCOTIA,
as the Syndication Agent
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
----------------------------------
Title: Authorized Signatory
---------------------------------
-9-
The Managing Agents and the Lenders:
-----------------------------------
NATIONSBANK OF TEXAS, N.A., as
Managing Agent and as a Lender
By: [SIGNATURE APPEARS HERE]
------------------------------------
Name: [NAME APPEARS HERE]
----------------------------------
Title: Vice President
---------------------------------
THE BANK OF NOVA SCOTIA, as Managing
Agent and as a Lender
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
----------------------------------
Title: Authorized Signatory
---------------------------------
The Co-Agents and the Lenders:
-----------------------------
CORESTATES BANK, N.A.,
as a Co-Agent and as a Lender
By: /s/ Xxxxx X. Xxxxx
------------------------------------
Name: Xxxxx X. Xxxxx
----------------------------------
Title: AVP
---------------------------------
PNC BANK, NATIONAL ASSOCIATION,
as a Co-Agent and as a Lender
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
----------------------------------
Title: Vice President
---------------------------------
-00-
XXXXX XXXX XX XXXXXX,
as a Co-Agent and as a Lender
By: [SIGNATURE APPEARS HERE]
------------------------------------
Name: [NAME APPEARS HERE]
----------------------------------
Title: [TITLE APPEARS HERE]
---------------------------------
CREDIT LYONNAIS CREDIT LYONNAIS CAYMAN
NEW YORK BRANCH, ISLAND BRANCH,
as a Co-Agent and as a Lender as a Co-Agent and as a Lender
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
------------------------ ---------------------------------
Name: XXXXX X. XXXXXX Name: XXXXX X. XXXXXX
---------------------- -------------------------------
Title: VICE PRESIDENT Title: AUTHORIZED SIGNATURE
--------------------- ------------------------------
SOCIETE GENERALE,
as a Co-Agent and as a Lender
By: /s/ Xxxx Xxxxx
---------------------------------
Name: Xxxx Xxxxx
-------------------------------
Title: VICE PRESIDENT
------------------------------
CHEMICAL BANK (n/k/a THE CHASE
MANHATTAN BANK,
as a Lender
By: /s/ Xxx X. Xxxxx
---------------------------------
Name: Xxx X. Xxxxx
-------------------------------
Title: VICE PRESIDENT
------------------------------
-11-
MELLON BANK, N.A.,
as a Lender
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxx
-------------------------------
Title: VICE PRESIDENT
------------------------------
TORONTO DOMINION (TEXAS), INC., THE TORONTO-DOMINION BANK,
as a Lender as a Lender
By: /s/ Xxxxxxxx X. Xxxxxx By: /s/ Xxxxxxxx X. Xxxxxx
--------------------------------- ---------------------------------
Name: Xxxxxxxx Xxxxxx Name: Xxxxxxxx X. Xxxxxx
------------------------------- -------------------------------
Title: VICE PRESIDENT Title: [TITLE APPEARS HERE]
------------------------------ ------------------------------
SHAWMUT BANK
n/k/a FLEET BANK, N.A.
as a Lender
By: /s/ Xxxxxxx Xxxx
---------------------------------
Name: Xxxxxxx Xxxx
-------------------------------
Title: Vice President
------------------------------
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BANQUE PARIBAS,
as a Lender
By: /s/ Xxxxx Xxxxxx
--------------------------------------
Name: Xxxxx Xxxxxx
------------------------------------
Title: Vice President
-----------------------------------
By: /s/ Xxxxx Xxxxxxx
--------------------------------------
Name: Xxxxx Xxxxxxx
------------------------------------
Title: Vice President
-----------------------------------
NATIONAL WESTMINSTER BANK
n/k/a FLEET BANK, N.A.,
as a Lender
By: /s/ Xxxxxxx Xxxx
--------------------------------------
Name: Xxxxxxx Xxxx
------------------------------------
Title: Vice President
-----------------------------------
COLORADO NATIONAL BANK,
as a Lender
By: /s/ Xxxxxx X. Xxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxx
------------------------------------
Title: Vice President
-----------------------------------
THE FIRST NATIONAL BANK OF
MARYLAND,
as a Lender
By: /s/ W. Xxxxx Xxxxxxx
--------------------------------------
Name: W. XXXXX XXXXXXX
------------------------------------
Title: VICE PRESIDENT
-----------------------------------
-00-
XXXXXXXX XXXX XX,
Xxx Xxxx and Grand Cayman Branches
as a Lender
By: /s/ Xxxx X. Xxxxxxx
-----------------------------------
Name: XXXX X. XXXXXXX
---------------------------------
Title: VICE PRESIDENT
--------------------------------
By: /s/ Xxxxx Xxxxxxxx
-----------------------------------
Name: Xxxxx Xxxxxxxx
---------------------------------
Title: Assistant Treasurer
--------------------------------
THE INDUSTRIAL BANK OF JAPAN,
LIMITED, LOS ANGELES AGENCY,
as a Lender
By: /s/ Xxxxxxxx Xxxxxxx
-----------------------------------
Name: Xxxxxxxx Xxxxxxx
---------------------------------
Title: Joint General Manager
--------------------------------
ABN AMRO BANK N.V.,
as a Lender
By: /s/ Xxxx X. Honda By: /s/ Xxxxx X. Xxxxxxxx
--------------------------------- -----------------------------------
Name: XXXX X. HONDA Name: XXXXX X. XXXXXXXX
------------------------------- ---------------------------------
Title: VICE PRESIDENT Title: VICE PRESIDENT
------------------------------ --------------------------------
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THE LONG-TERM CREDIT BANK OF
JAPAN, LTD., Los Angeles Agency
as a Lender
By: /s/ T. Xxxxxx Xxxxxxx XX
--------------------------------------
Name: T. Xxxxxx Xxxxxxx XX
------------------------------------
Title: Deputy General Manager
-----------------------------------
BANQUE NATIONALE DE PARIS,
as a Lender
By: /s/ X. Xxxxxxx
--------------------------------------
Name: X. XXXXXXX
------------------------------------
Title: Sr. V.P. & Manager
-----------------------------------
By: /s/ Xxxxxx Xx
--------------------------------------
Name: XXXXXX XX
------------------------------------
Title: Vice President
-----------------------------------
THE FUJI BANK, LIMITED
as a Lender
By: [SIGNATURE APPEARS HERE]
--------------------------------------
Name: [NAME APPEARS HERE]
------------------------------------
Title: JOINT GENERAL MANAGER
-----------------------------------
THE SUMITOMO BANK, LTD. -
CHICAGO BRANCH
as a Lender
By: /s/ Xxxxxxxx Xxxxx
--------------------------------------
Name: XXXXXXXX XXXXX
------------------------------------
Title: JOINT GENERAL MANAGER
-----------------------------------
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CRESTAR BANK, N.A.,
as a Lender
By: [SIGNATURE APPEARS HERE]
--------------------------------------
Name: [NAME APPEARS HERE]
------------------------------------
Title: Vice President
-----------------------------------
-16-
[NEW]
Schedule 1.1
Commitments and Addresses of Lenders
------------------------------------
--------------------------------------------------------------------------------
Specified
NAME AND ADDRESS OF LENDER Commitment Percentage
--------------------------------------------------------------------------------
NationsBank of Texas, N.A. $37,600,000 6.266666667%
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, Xxxxx 00000
Attn: Xxxxx X. Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The Bank of Nova Scotia $37,600,000 6.000000000%
Xxx Xxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx Xxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Fleet Bank, N.A. $37,600,000 6.266666667%
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxxx Xxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
CoreStates Bank, N.A. $32,400,000 5.400000000%
0000 Xxxxxxxx Xxxxxx
XX 0-0-00-00
Xxxxxxxxxxxx, XX 00000
Attn: Xxxx Xxxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Credit Lyonnais New York Branch $32,400,000 5.400000000%
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxx Xxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
-1-
--------------------------------------------------------------------------------
Specified
NAME AND ADDRESS OF LENDER Commitment Percentage
--------------------------------------------------------------------------------
PNC Bank, National Association $32,400,000 5.400000000%
000 Xxxxx Xxxxx Xxxxxx, 0xx Xxxxx
Xxxxxxxxxxxx, XX 00000
Attn: Xxx Xxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Royal Bank of Canada $32,400,000 5.000000000%
Xxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxxx Xxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Societe Generale $32,400,000 5.400000000%
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Banque Paribas $28,800,000 4.800000000%
0000 Xxxxxxx Xxxx Xxxx
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Attn: Xxxx Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The Chase Manhattan Bank $28,800,000 4.800000000%
One Chase Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxx X. Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Mellon Bank, N.A. $28,800,000 4.800000000%
1 Mellon Bank Center
AIM 151-4440
Xxxxxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
-2-
--------------------------------------------------------------------------------
Specified
NAME AND ADDRESS OF LENDER Commitment Percentage
--------------------------------------------------------------------------------
Toronto Dominion (Texas), Inc. $28,800,000 4.800000000%
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx Xxxxxxx
Fax: (000) 000-0000
and notices to:
Toronto Dominion (Texas), Inc.
000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, Xxxxx 00000
Attn: Xxxx Xxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The Long-Term Credit Bank of Japan, Ltd., $24,000,000 4.000000000%
Los Angeles Agency
000 Xxxxx Xxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Attn: Tomioka Takaomi
Fax: (000) 000-0000
--------------------------------------------------------------------------------
ABN AMRO Bank N.V. $24,000,000 4.000000000%
000 Xxxxx XxXxxxx
Xxxxx 000
Xxxxxxx, XX 00000-0000
Attn: Xxxxxx Xxxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Dresdner Bank AG $24,000,000 4.000000000%
New York and Grand Cayman Branches
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx Xxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The Fuiji Bank, Limited $24,000,000 4.000000000%
000 Xxxxx Xxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Attn: Xxxxxxxxx Wiialen
Fax: (000) 000-0000
--------------------------------------------------------------------------------
-3-
--------------------------------------------------------------------------------
Specified
NAME AND ADDRESS OF LENDER Commitment Percentage
--------------------------------------------------------------------------------
The Industrial Bank of Japan, Limited $24,000,000 4.000000000%
Los Angeles Agency
000 Xxxxx Xxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Attn: J. Xxxxx Xxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The Sumitomo Bank, Ltd. - Chicago Branch $24,000,000 4.000000000%
000 Xxxxx Xxxxxx Xxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000-0000
Attn: Xxxxxxx Xxxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Banque Nationale de Paris $18,000,000 3.000000000%
000 Xxxxx Xxxxxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Attn: Xxxxxx Xx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
The First National Bank of Maryland $18,000,000 3.000000000%
00 Xxxxx Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Attn: Xxxx X. Xxxx
Fax:(000) 000-0000
--------------------------------------------------------------------------------
Crestar Bank, N.A. $18,000,000 3.000000000%
000 Xxxx Xxxx Xxxxxx
Xxxxxxxx, XX 00000
Attn: Xxx Xxxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
Colorado National Bank $12,000,000 2.000000000%
000 00xx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
Attn: Xxxxxx Xxxxx
Fax: (000) 000-0000
--------------------------------------------------------------------------------
-4-
[NEW]
SCHEDULE 5.14 TO CREDIT AGREEMENT
SUBSIDIARIES AND DESIGNATION
----------------------------
Restricted Subsidiaries:
Xxxxx Communications of Colorado, Inc.
Xxxxx Communications of Maryland, Inc.
Xxxxx Communications of Virginia, Inc.
Xxxxx Telecommunications of Maryland, Inc.
Xxxxx Telecommunications of Virginia, Inc.
Xxxxx Communications of Arizona, Inc.
Xxxxx Communications of Georgia, Inc.
Unrestricted Subsidiaries:
None.
[NEW]
SCHEDULE 5.25 TO CREDIT AGREEMENT
CHIEF PLACES OF BUSINESS/CHIEF EXECUTIVE OFFICE
-----------------------------------------------
Xxxxx Cable Holdings, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Xxxxx Communications of Arizona, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Pima County, Arizona System*
0000 Xxxxx Xxxxxxx Xxxx
Xxxxxx, Xxxxxxx 00000-0000
Xxxxx Communications of Colorado, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Clear Creek County, Colorado System
0000 Xxxxxxxx Xxxx., Xxxxx X
X.X. Xxx 000
Xxxxx Xxxxxxx, Xxxxxxxx 00000
Evergreen, Colorado System
0000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0
Xxxxxxxxx, Xxxxxxxx 00000
Jefferson County, Colorado System
(includes Arapahoe County, Colorado)
0000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0
Xxxxxxxxx, Xxxxxxxx 00000
Xxxxx Communications of Georgia, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
--------------------
* This system is currently owned by the Borrower. The Borrower expects to
transfer this system to Xxxxx Communications of Arizona, Inc. during the
fourth quarter of 1996.
North Augusta, South Carolina System**
000 Xxxx Xxxxxxxxxx Xxxx
Xxxxx Xxxxxxx, Xxxxx Xxxxxxxx 00000
Augusta, Georgia System**
0000 Xxxxx Xxxx Xxxxxx
X.X. Xxx 0000 and 3579
Augusta, Georgia 30914-3576
Savannah, Georgia System**
0000 Xxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxx 00000
Xxxxx Communications of Maryland, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Xxxxxxx County, Maryland System
000 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxxx 00000
Xxxx Arundel County, Maryland System
0000 Xxxxxxx Xxxx, Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Prince George's County, Maryland System
0000 Xxxxx Xxxxx Xxxx
Xxxxx, Xxxxxxxx 00000
Xxxxx Communications of Virginia, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Alexandria, Virginia System
000-X Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Xxxx City, Virginia System
0000 Xxxx Xxxxxxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
____________________
** These systems are currently owned by the Borrower. The Borrower expects to
transfer these systems to Xxxxx Communications of Georgia, Inc. during the
fourth quarter of 1996.
[NEW]
SCHEDULE 5.25 TO CREDIT AGREEMENT
CHIEF PLACES OF BUSINESS/CHIEF EXECUTIVE OFFICE
-----------------------------------------------
Xxxxx Cable Holdings, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Xxxxx Communications of Arizona, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Pima County, Arizona System*
0000 Xxxxx Xxxxxxx Xxxx
Xxxxxx, Xxxxxxx 00000-0000
Xxxxx Communications of Colorado, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Clear Creek County, Colorado System
0000 Xxxxxxxx Xxxx., Xxxxx X
X.X. Xxx 000
Xxxxx Xxxxxxx, Xxxxxxxx 00000
Evergreen, Colorado System
0000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0
Xxxxxxxxx, Xxxxxxxx 00000
Jefferson County, Colorado System
(includes Arapahoe County, Colorado)
0000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0
Xxxxxxxxx, Xxxxxxxx 00000
Xxxxx Communications of Georgia, Inc.
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
--------------------
* This system is currently owned by the Borrower. The Borrower expects to
transfer this system to Xxxxx Communications of Arizona, Inc. during the
fourth quarter of 1996.
Manassas, Virginia System
0000 Xxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxx 00000
Reston, Virginia System
00000-X Xxxxxxx Xxxxxx Xxxxx
Xxxxxx, Xxxxxxxx 00000
Xxxxx Telecommunications of Maryland, Inc.
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
Xxxxx Telecommunications of Virginia, Inc.
0000 Xxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
[NEW]
SCHEDULE 6.1(f) TO CREDIT AGREEMENT
STOCK OWNERSHIP OF THE BORROWER AND ITS
RESTRICTED SUBSIDIARIES
-----------------------
--------------------------------------------------------------------------------
Number of Ownership of
Entity Class of Stock Outstanding Shares Shares
------------------------------------------------------------------------------------
Xxxxx Cable Holdings, Inc. Common Stock 1000 100% owned by
Xxxxx
Intercable, Inc.
------------------------------------------------------------------------------------
Xxxxx Communications of Common Stock 1000 100% owned by
Maryland, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Communications of Common Stock 1000 100% owned by
Virginia, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Communications of Common Stock 1000 100% owned by
Colorado, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Telecommunications Common Stock 1000 100% owned by
of Maryland, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Telecommunications Common Stock 5000 100% owned by
of Virginia, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Communications of Common Stock 1000 100% owned by
Arizona, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
Xxxxx Communications of Common Stock 1000 100% owned by
Georgia, Inc. Xxxxx Cable
Holdings, Inc.
------------------------------------------------------------------------------------
