Exhibit 4.2
EXECUTION VERSION
€236,000,000 ADDITIONAL
FACILITY R ACCESSION AGREEMENT
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To:
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Toronto Dominion (Texas) LLC as
Facility Agent and TD Bank Europe Limited as Security
Agent
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From:
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The banks and financial
institutions listed in Schedule 1 to this Agreement (the
Additional Facility R Lenders )
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Date: 25 March 2009
UPC Broadband Holding B.V.
(formerly known as UPC Distribution Holding B.V) -
€1,072,000,000 Term Credit Agreement dated 16 January
2004 as amended from time to time (the Credit Agreement )
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1.
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In this Agreement:
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Additional Facility L
Lender means each of the
lenders under Facility L.
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Facility L
means the €830,000,000
redrawable term loan facility made available under the Additional
Facility Accession Agreement dated 3 July 2006.
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Facility L1 Interest
Period means the Interest
Period currently selected (as at the date of this Agreement) in
respect of the outstanding €655,000,000 Advance (the
Facility L1 Advance ) under Facility L.
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Facility L2 Interest
Period means the Interest
period currently selected (as at the date of this Agreement) in
respect of the outstanding €175,000,000 Advance (the
Facility L2 Advance ) under Facility L.
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Facility R
means the €236,000,000 term
loan facility made available under this Agreement.
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Facility R Advance
means a Euro denominated advance
made to UPC Financing by the Additional Facility R Lenders under
Facility R.
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Facility R1 Advance
means the €186,240,964 Advance
to be drawn on the Effective Date in accordance with paragraph 10
below.
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Facility R2 Advance
means the €49,759,036 Advance
to be drawn on the Effective Date in accordance with paragraph 10
below.
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Facility R
Commitment means, in
relation to an Additional Facility R Lender, the amount in Euros
set opposite its name under the heading “Facility R
Commitment” in Schedule 1 to the counterpart of this
Agreement executed by that Additional Facility R Lender, to the
extent not cancelled, transferred, or reduced under the Credit
Agreement.
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Majority Facility R
Lenders means Additional
Facility R Lenders the aggregate of whose Facility R Commitments
exceeds 66 2 / 3
per cent. of the aggregate of
Facility R Commitments of all Additional Facility R
Lenders.
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2.
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Unless otherwise defined in this
Agreement, terms defined in the Credit Agreement shall have the
same meaning in this Agreement and a reference to a Clause is a
reference to a Clause of the Credit Agreement. The principles of
construction set out in Clause 1.2 (Construction) of the Credit
Agreement apply to this Agreement as though they were set out in
full in this Agreement.
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3.
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We refer to Clause 2.2
(Additional Facilities) of the Credit Agreement.
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4.
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This Agreement will take effect
on the date on which the Facility Agent notifies UPC Broadband and
the Additional Facility R Lenders that it has received the
documents and evidence set out in Schedule 2 to this Agreement, in
each case in form and substance satisfactory to it or, as the case
may be, the requirement to provide any of such documents or
evidence has been waived by the Majority Facility R Lenders and in
the case of the evidence specified at (b) of paragraph 4 (Other
documents) of Schedule 2, by all the Facility R Lenders (the
Effective Date ).
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5.
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We, the Additional Facility R
Lenders, agree:
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(a)
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to become party to and to be
bound by the terms of the Credit Agreement as Lenders in accordance
with Clause 2.2 (Additional Facilities) of the Credit
Agreement; and
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(b)
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to become party to the Security
Deed as Lenders and to observe, perform and be bound by the terms
and provisions of the Security Deed in the capacity of Lenders in
accordance with Clause 9.3 (Transfers by Lenders) of the Security
Deed.
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6.
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The Additional Facility
Commitment in relation to an Additional Facility R Lender (for the
purpose of the definition of Additional Facility Commitment in
Clause 1.1 (Definitions) of the Credit Agreement) is its Facility R
Commitment.
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7.
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Any interest due in relation to
Facility R will be payable on the last day of each Interest Period
in accordance with Clause 8 (Interest) of the Credit
Agreement.
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8.
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The Availability Period for
Facility R shall be the Effective Date.
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9.
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Facility R may be drawn by two
Advances and no more than two Requests may be made in respect of
Facility R under the Credit Agreement.
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10.
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The two Advances to be drawn
under this Facility R shall be drawn on the same date (the First
Utilisation Date ), being the Effective Date and shall be the
Facility R1 Advance and the Facility R2 Advance
respectively.
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11.
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(a)
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The first Interest Period to
apply to each of the Facility R1 Advance and the Facility R2
Advance will be a period equal to the period running from the First
Utilisation Date up to and including:
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(i)
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in the case of the Facility R1
Advance, the last day of the Facility L1 Interest Period;
and
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(ii)
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in the case of the Facility R2
Advance, the last day of the Facility L2 Interest
Period.
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(b)
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In respect of the first Interest
Period only:
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(i)
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in the case of the Facility R1
Advance, EURIBOR shall mean the EURIBOR rate as determined in
respect of the Facility L1 Interest Period; and
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(ii)
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in the case of the Facility R2
Advance, EURIBOR shall mean the EURIBOR rate as determined in
respect of the Facility L2 Interest Period.
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12.
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The Facility R Advances will be
used for general corporate purposes and working capital purposes,
including the repayment or prepayment of existing
indebtedness.
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13.
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The Final Maturity Date in
respect of this Facility R will be the earlier of:
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(a)
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31 December 2015; and
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(b)
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if by 17 October 2013 (the
Relevant Date
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