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Exhibit 10.1
AMENDMENT NO. 1
AND WAIVER TO THIRD AMENDED AND
RESTATED CREDIT AND GUARANTY AGREEMENT
AMENDMENT NO. 1 AND WAIVER , dated as of April 8, 2005 (this " Amendment ") to the Third Amended
and Restated Credit and Guaranty Agreement dated as of
February 25, 2005 (as in effect immediately prior to the
effectiveness of this Amendment, the " DIP
Credit Agreement "), among
UCA LLC ,
CENTURY CABLE HOLDINGS , LLC , CENTURY-TCI CALIFORNIA,
L.P. , OLYMPUS
CABLE HOLDINGS, LLC , PARNASSOS, L.P. ,
FRONTIERVISION OPERATING PARTNERS,
L.P. , ACC
INVESTMENT HOLDINGS, INC. ,
ARAHOVA COMMUNICATIONS, INC.
, and ADELPHIA CALIFORNIA
CABLEVISION, LLC , as Borrowers, the
Guarantors party thereto, JPMORGAN CHASE
BANK, N.A. , as Administrative
Agent, CITIGROUP GLOBAL
MARKETS INC. , as Syndication
Agent, J.P. MORGAN
SECURITIES INC. and
CITIGROUP GLOBAL MARKETS INC.
, as Joint Bookrunners and Co-Lead Arrangers,
CITICORP NORTH AMERICA, INC.
, as Collateral Agent, WACHOVIA BANK, N.A. , as
Co-Syndication Agent, and THE BANK OF NOVA
SCOTIA, BANK OF AMERICA, N.A. and
GENERAL ELECTRIC CAPITAL CORPORATION
, as Co-Documentation Agents.
W I T N E S S E T
H:
WHEREAS, the
parties hereto desire to waive and amend certain provisions of the
DIP Credit Agreement as set forth herein.
NOW, THEREFORE,
the parties hereto agree as follows:
Section 1.
Definitions; References . Unless otherwise specifically defined herein, each
capitalized term used herein which is defined in the DIP Credit
Agreement (as amended hereby) shall have the meaning assigned to
such term in the DIP Credit Agreement (as amended hereby). Each
reference to "hereof", "hereunder", "herein" and "hereby" and each
other similar reference and each reference to "this Agreement" and
each other similar reference contained in the DIP Credit Agreement
shall, after the date of effectiveness of this Amendment, refer to
the DIP Credit Agreement as amended hereby.
Section 2.
Waiver . Each DIP
Lender hereby waives any Default or Event of Default arising under
Section 7.01(c) (in connection with a breach of
Section 6.05(a) or Section 6.05(b) of the DIP
Credit Agreement), Section 6.05(a) or
Section 6.05(b) of the DIP Credit Agreement, solely to
the extent that any such Default or Event of Default arises out of
the Loan Parties having recorded (whether prior to the date hereof
or hereafter) a non-cash charge in an aggregate amount of up to
$450,000,000 in connection with a potential settlement of certain
asserted or potential claims by certain departments or agencies of
the United States Government against certain of the Loan Parties,
which amount shall include any related costs and expenses incurred
by the Loan Parties in connection therewith.
Section 3.
Amendment of Certain Definitions.
(a) The definition of "EBITDA" set forth in
Section 1.01 of the DIP Credit Agreement is hereby amended by
amending and restating clause (E) thereof in its entirety
to read as follows:
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"(E) any
extraordinary non-cash charges for such period, including, without
limitation, and notwithstanding any terms of GAAP to the contrary,
(1) any such extraordinary non-cash charge for such period
arising from the write-off of any deferred financing costs relating
to the financing arrangements of the Loan Parties entered into
prior to the Petition Date and/or (2) any such extraordinary
non-cash charge for such period arising from the Loan Parties
having recorded in such period a non-cash charge in an aggregate
amount of up to $450,000,000 in connection with a potential
settlement of certain asserted or potential claims by certain
departments or agencies of the United States Government against
certain of the Loan Parties (which amount shall include any related
costs and expenses incurred by the Loan Parties in connection
therewith), and minus".
(b) The
definition of "EBITDAR" set forth in Section 1.01 of the DIP
Credit Agreement is hereby amended by amending and restating
clause (F) thereof in its entirety to read as
follows:
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"(F) any
extraordinary non-cash charges for such period, including, without
limitation, and notwithstanding any terms of GAAP to the contrary,
(1) any such extraordinary non-cash charge for such period
arising from the write-off of any deferred financing costs relating
to the financing arrangements of the Loan Parties entered into
prior to the Petition Date and/or (2) any such extraordinary
non-cash charge for such period arising from the Loan Parties
having recorded in such period a non-cash charge in an aggregate
amount of up to $450,000,000 in connection with a potential
settlement of certain asserted or potential claims by certain
departments or agencies of the United States Government against
certain of the Loan Parties (which amount shall include any related
costs and expenses incurred by the Loan Parties in connection
therewith), and minus".
Section 4.
Limitation Acknowledgment . The Loan Parties expressly acknowledge and agree that the
amendments and waivers contained in this Amendment (a) relate
solely to the extraordinary non-cash charges (including any related
costs and expenses) that have been or will be recorded by the Loan
Parties in connection with the settlement of the asserted or
potential claims by certain departments or agencies of the United
States Government against certain of the Loan Parties and
(b) shall not diminish or otherwise modify or amend any rights
the Agents and/or the DIP Lenders may have in connection with the
effectiveness of the actual settlement of any such claims and the
implementation of the terms ultimately agreed to in connection
therewith, all of which rights are hereby expressly preserved on
the terms and conditions set forth in the DIP Credit Agreement and
the other Loan Documents.
Section 5.
GOVERNING LAW . THIS
AMENDMENT SHALL IN ALL RESPECTS BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE AND THE
BANKRUPTCY CODE.
Section 6.
Counterparts; Effectiveness
. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same
instrument. This Amendment shall become effective as of the date
hereof when the Administrative Agent shall have received duly
executed counterparts hereof signed by the Loan Parties and the
Required DIP Lenders. This Amendment shall be deemed effective in
the case of any party as to which an executed counterpart shall not
have been received, if the Administrative Agent shall have received
telegraphic, telex or other written confirmation from such party of
execution of a counterpart hereof by such party. The Administrative
Agent shall promptly notify the Loan Parties and the DIP Lenders of
the effectiveness of this Amendment, and such notice shall be
conclusive and binding on all parties hereto.
2
IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.
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JPMORGAN CHASE BANK, N.A., as Administrative Agent and
Lender |
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By: |
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/s/ WILLIAM A. AUSTIN
Name: William A. Austin
Title: Vice President |
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CITICORP NORTH AMERICA, INC. |
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By: |
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/s/ MICHAEL M. SCHADT
Name: Michael M. Schadt
Title: Authorized Signature |
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WACHOVIA BANK, N.A. |
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By: |
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/s/ HELEN F. WESSLING
Name: Helen F. Wessling
Title: Managing Director |
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THE BANK OF NOVA SCOTIA |
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By: |
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/s/ STEPHEN C. LEVI
Name: Stephen C. Levi
Title: Director |
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BANK OF AMERICA, N.A. |
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By: |
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/s/ WILLIAM E. LIVINGSTONE
IV
Name: William E. Livingstone IV
Title: Senior Vice President |
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GENERAL ELECTRIC CAPITAL CORPORATION |
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By: |
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/s/ CHRISTOPHER COX
Name: Christopher Cox
Title: Duly Authorized Signatory |
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CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands
Branch |
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By: |
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/s/ MICHAEL A. CRISCITO
Name: Michael A. Criscito
Title: Managing Director |
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By: |
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/s/ SHARON M. MEADOWS
Name: Sharon Meadows
Title: Managing Director |
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DEUTSCHE BANK AG NEW YORK BRANCH |
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By: |
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/s/ ANCA TRIFAN
Name: Anca Trifan
Title: Director |
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By: |
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/s/ GREGORY SHEFRIN
Name: Gregory Shefrin
Title: Director |
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THE FOOTHILL GROUP, INC. |
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By: |
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/s/ SEAN DIXON
Name: Sean Dixon
Title: Vice President |
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CALYON NEW YORK BRANCH |
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By: |
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/s/ ANNE SHEAN
Name: Anne Shean
Title: Director |
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By: |
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/s/ JOHN MCCLOSKEY
Name: John McCloskey
Title: Director |
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BANK OF MONTREAL |
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By: |
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Name:
Title: |
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BAYERISCHE HYPO- und VEREINSBANK AG, NEW YORK BRANCH |
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By: |
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Name:
Title: |
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By: |
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Name:
Title: |
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CIT LENDING SERVICES CORPORATION |
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By: |
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/s/ MICHAEL V. MONAHAN
Name: Michael V. Monahan
Title: Vice President |
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NAME OF LENDER: CANADIAN IMPERIAL BANK OF COMMERCE |
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By: |
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/s/ JOHN O'DOWD
Name: John O'Dowd
Title: Executive Director |
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By: |
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/s/ CHARLES HENRY
Name: Charles Henry
Title: Authorized Signatory |
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NAME OF LENDER: CLASSIC CAYMAN B.D. LIMITED |
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By: |
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/s/ JANET WOLFF
Name: Janet Wolff
Title: Authorized Signatory |
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By: |
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/s/ JOHN FITZGERALD
Name: John Fitzgerald
Title: Authorized Signatory |
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NAME OF LENDER: COOKSMILL |
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By: |
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/s/ JOHN R.M. CAMPBELL
Name: John R.M. Campbell
Title: Authorized Signatory |
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DIAMOND SPRINGS TRADING LLC |
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By: |
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/s/ MEREDITH J. KOSLICK
Name: Meredith J. Koslick
Title: Assistant Vice President |
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NAME OF LENDER: FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR
FLOATING RATE HIGH INCOME FUND |
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By: |
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/s/ JOHN H. COSTELLO
Name: John H. Costello
Title: Assistant Treasurer |
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NAME OF LENDER: FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC:
FIDELITY FLOATING RATE CENTRAL INVESTMENT PORTFOLIO |
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By: |
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/s/ JOHN H. COSTELLO
Name: John H. Costello
Title: Assistant Treasurer |
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NAME OF LENDER: FOOTHILL INCOME TRUST, L.P. |
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By: |
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FIT GP, LLC, Its Gen Partner |
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By: |
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/s/ SEAN DIXON
Name: Sean Dixon
Title: Managing Member |
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NAME OF LENDER: HIGHLAND FLOATING RATE LIMITED LIABILITY
COMPANY |
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By: |
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Highland Capital Management, L.P.,
Its Investment Advisor |
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By: |
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/s/ TODD A. TRAVERS
Name: Todd A. Travers
Title: Assistant Secretary
Highland Capital Management, L.P. |
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LONG LANE MASTER TRUST IV |
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By: |
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/s/ ANN E. MORRIS
Name: Ann E. Morris
Title: Authorized Agent |
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NAME OF LENDER: PROTECTIVE LIFE INSURANCE COMPANY |
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By: |
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/s/ DIANE S. GRISWOLD
Name: Diane S. Griswold
Title: AVP |
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NAME OF LENDER: SENIOR DEBT PORTFOLIO |
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By: |
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Boston Management and Research
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE SENIOR INCOME TRUST |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE INSTITUTIONAL SENIOR LOAN
FUND |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE CDO III, LTD. |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: COSTANTINUS EATON VANCE CDO V, LTD. |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE CDO VI LTD. |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: GRAYSON & CO |
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By: |
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Boston Management and Research
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE VT FLOATING-RATE INCOME
FUND |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE LIMITED DURATION INCOME
FUND |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: TOLLI & CO. |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE SENIOR FLOATING-RATE TRUST |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE FLOATING-RATE INCOME TRUST |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: EATON VANCE SHORT DURATION DIVERSIFIED INCOME
FUND |
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By: |
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Eaton Vance Management
as Investment Advisor |
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By: |
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/s/ PAYSON F. SWAFFIELD
Name: Payson F. Swaffield
Title: Vice President |
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NAME OF LENDER: SPLRET IV LOAN TRUST 2003-B |
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By: |
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Wilmington Trust Company
not in its individual capacity but solely as trustee |
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By: |
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/s/ RACHEL L. SIMPSON
Name: Rachel L. Simpson
Title: Financial Services Officer |
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NAME OF LENDER: THE TRAVELERS INSURANCE COMPANY |
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By: |
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/s/ WILLIAM M. GARDNER
Name: William M. Gardner
Title: Investment Officer |
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LOAN PARTIES: |
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ACC CABLE COMMUNICATIONS FL-VA, LLC |
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By: |
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ACC Cable Holdings VA, Inc., its sole member |
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ACC CABLE HOLDINGS VA, INC. |
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ACC HOLDINGS II |
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