UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR INDIVIDUAL SECURITIES REGISTERED IN THE NAMES OF
PARTICIPANTS IN DTC, THIS CERTIFICATE MAY NOT BE TRANSFERRED EXCEPT
AS A WHOLE BY DTC OR BY A NOMINEE OF DTC TO DTC OR A NOMINEE OF DTC
OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITORY.
TIME WARNER CABLE INC.
8.250% Note due 2014
Time Warner Cable
Inc., a Delaware corporation (such corporation or any successor
under the Indenture referred to on the reverse hereof being called
the “Company”), TW NY Cable Holding Inc., a Delaware
corporation (“TW NY”), and Time Warner Entertainment
Company, L.P., a Delaware limited partnership (“TWE”
and, together with TW NY, the “Guarantors”), promise to
pay to Cede & Co., or registered assigns, the principal sum of
______ DOLLARS ($ ______) on February 14, 2014, at the office
or agency of the Company in the Borough of Manhattan, the City and
State of New York. This Note has the benefit of unconditional
guarantees by the Guarantors, as more fully described on the
reverse hereof.
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Interest Payment
Dates:
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Semi-annually
in arrears on February 14 and August 14, beginning
February 14, 2009
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Record
Dates: February 1 and August 1
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Additional
provisions of this Note are set forth on the other side of this
Note.
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TIME WARNER
CABLE INC.,
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Attest:
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by
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Name:
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Title:
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TW NY CABLE
HOLDING INC.,
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as
Guarantor,
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Attest:
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by
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Name:
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Title:
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TIME WARNER
ENTERTAINMENT COMPANY, L.P.,
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as Guarantor,
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Attest:
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by
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Name:
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Title:
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TRUSTEE’S
CERTIFICATE OF
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AUTHENTICATION
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This is one of
the Securities of the series designated
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therein
referred to in the within-mentioned Indenture.
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The Bank of New
York, as Trustee,
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Authorized Signatory
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This Note (as
defined below) is one of the duly authorized issue of senior
debentures, notes, bonds or other evidences of indebtedness
(hereinafter called the “Debt Securities”) of the
Company of the series hereinafter specified, all issued or to be
issued under and pursuant to the Indenture, dated as of
April 9, 2007, among the Company, TW NY, TWE, and The Bank of
New York, as Trustee (herein called the “Trustee”), as
supplemented by the first supplemental indenture, dated as of
April 9, 2007, between the Company, TW NY, TWE and the Trustee
and pursuant to resolutions adopted by the Offering Committee of
the Company on November 13, 2008, as authorized by the
Company’s Board of Directors (as so supplemented, the
“Indenture”), to which reference is hereby made for a
statement of the rights, limitations of rights, obligations, duties
and immunities thereunder of the Trustee, and any agent of the
Trustee, any Paying Agent, the Company, the Guarantors and the
Holders of the Debt Securities, and the terms upon which the Debt
Securities are issued and may be authenticated and
delivered.
The Debt
Securities may be issued in one or more series, which different
series may be issued in various aggregate principal amounts, may
mature at different times, may bear interest (if any) at different
rates, may have different conversion prices or exchange provisions
(if any), may be subject to different redemption provisions (if
any), may be subject to different sinking, purchase or analogous
funds (if any), may be subject to different covenants and Events of
Default and may otherwise vary as provided or permitted in the
Indenture. This Note is one of the series of Debt Securities of the
Company issued pursuant to the Indenture designated as the 8.250%
Notes due 2014 (the “Notes”), initially limited in
aggregate principal amount to $750,000,000. The Company may,
without the consent of the Holders of the Notes, issue additional
notes having the same ranking, interest rate, maturity and other
terms as the Notes. Any additional notes will, together with the
Notes, constitute a single series of the Notes under the Indenture.
No additional notes may be issued if an Event of Default has
occurred with respect to the Notes.
The Company
promises to pay interest from November 18, 2008, on the
principal amount of this Note semi-annually on February 14 and
August 14 of each year beginning February 14, 2009 at the
office or agency of the Company in the Borough of Manhattan, The
City of New York, in like coin or currency, at the rate per annum
specified in the title hereof. Interest shall be computed on the
basis of a 360-day year of twelve 30-day months. If interest or
principal on this Note is payable on a Saturday, Sunday or any
other day when banks are not open for business in The City of New
York, the Company will make the payment on the next business day,
and no interest will accrue as a result of the delay in
payment.
Each of TW NY and
TWE, as primary obligor and not merely as surety, irrevocably and
unconditionally guarantees, to each Holder of Notes, and to the
Trustee and its successors and assigns, (i) the full and
punctual payment of principal of and interest on the Notes when
due, whether at maturity, by acceleration, by redemption or
otherwise, and all other monetary obligations of the Company under
the Indenture (including obligations to the Trustee) and the Notes
and (ii) the full and punctual performance within applicable
grace periods of all other obligations of the Company under the
Indenture and the Notes.
The Guarantees
constitute guarantees of payment, performance and compliance and
not merely of collection. The obligation of the Guarantors to make
any payments may be satisfied by causing the Company or any other
Person to make such payments. Further, the Guarantors agree to pay
any and all costs and expenses (including reasonable
attorney’s fees) incurred by the Trustee or any Holder of
Notes in enforcing any of their respective rights under the
Guarantees.
The interest so
payable, and punctually paid or duly provided for, on any
February 14 or August 14 will, except as provided in the
Indenture, be paid to the Person in whose name this Note (or one or
more Predecessor Securities) is registered at the close of business
on the February 1 or August 1 next preceding the interest payment
date (herein called the “Regular Record Date”) whether
or not a Business Day, and may, at the option of the Company, be
paid by check mailed to the registered address of such Person. Any
such interest which is payable, but is not so punctually paid or
duly provided for, shall forthwith cease to be payable to the
registered Holder on such Regular Record Date and may be paid
either to the Person in whose name this Note (or one or more
Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof shall be given to Holders
of Notes
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