SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • November 21st, 2011 • Salem Communications Corp /De/ • Radio broadcasting stations • New York
This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of November 15, 2011, to that certain Credit Agreement, dated as of December 1, 2009, as amended by that certain AMENDMENT NO. 1 AND WAIVER dated as of November 1, 2010 (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”), Wells Fargo Bank, National Association (“Wells Fargo”), 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”).
