AMENDMENT NO. 1 AND WAIVERCredit Agreement • November 4th, 2010 • Salem Communications Corp /De/ • Radio broadcasting stations • New York
AMENDMENT NO. 1 AND WAIVER (this “Amendment and Waiver”), dated as of November 1, 2010, to that certain Credit Agreement, dated as of December 1, 2009, as amended (the “Credit Agreement”; capitalized terms used herein and not defined shall have the meaning set forth in the Credit Agreement), among Salem Communications Corporation, a Delaware corporation (the “Borrower”), BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”).
ContractIncrease Joinder • November 4th, 2010 • Salem Communications Corp /De/ • Radio broadcasting stations • New York
INCREASE JOINDER, dated as of November 1, 2010 (this “Increase Joinder”), among SALEM COMMUNICATIONS CORPORATION, a Delaware corporation (the “Borrower”), WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Increase Lender”), the Guarantors party to the Credit Agreement (as defined below) (the “Guarantors”) and BANK OF AMERICA, N.A. in its capacity as Administrative Agent (the “Administrative Agent”), Swing Line Lender and L/C Issuer under the Credit Agreement dated as of December 1, 2009 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”) among the Borrower, the Administrative Agent and the other Lenders party thereto. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
