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AMENDMENT NO. 1 AND WAIVER TO THIRD AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT

Waiver Agreement

AMENDMENT NO. 1 AND WAIVER TO THIRD AMENDED AND
RESTATED CREDIT AND GUARANTY AGREEMENT | Document Parties: UCA LLC | OLYMPUS CABLE HOLDINGS, LLC | FRONTIERVISION OPERATING PARTNERS, L.P., You are currently viewing:
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Title: AMENDMENT NO. 1 AND WAIVER TO THIRD AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT
Governing Law: New York     Date: 4/13/2005
Industry: Broadcasting and Cable TV     Sector: Services

AMENDMENT NO. 1 AND WAIVER TO THIRD AMENDED AND
RESTATED CREDIT AND GUARANTY AGREEMENT, Parties: uca llc , olympus cable holdings  llc , frontiervision operating partners  l.p.
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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:

  •         "(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:

  •         "(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.


 

 

JPMORGAN CHASE BANK, N.A., as Administrative Agent and Lender

 

 

By:

 

/s/  
WILLIAM A. AUSTIN       
Name: William A. Austin
Title: Vice President

 

 

CITICORP NORTH AMERICA, INC.

 

 

By:

 

/s/  
MICHAEL M. SCHADT       
Name: Michael M. Schadt
Title: Authorized Signature

 

 

WACHOVIA BANK, N.A.

 

 

By:

 

/s/  
HELEN F. WESSLING       
Name: Helen F. Wessling
Title: Managing Director

 

 

THE BANK OF NOVA SCOTIA

 

 

By:

 

/s/  
STEPHEN C. LEVI       
Name: Stephen C. Levi
Title: Director

 

 

BANK OF AMERICA, N.A.

 

 

By:

 

/s/  
WILLIAM E. LIVINGSTONE IV       
Name: William E. Livingstone IV
Title: Senior Vice President

 

 

GENERAL ELECTRIC CAPITAL CORPORATION

 

 

By:

 

/s/  
CHRISTOPHER COX       
Name: Christopher Cox
Title: Duly Authorized Signatory
         

3


 


 

 

CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch

 

 

By:

 

/s/  
MICHAEL A. CRISCITO       
Name: Michael A. Criscito
Title: Managing Director

 

 

By:

 

/s/  
SHARON M. MEADOWS       
Name: Sharon Meadows
Title: Managing Director

 

 

DEUTSCHE BANK AG NEW YORK BRANCH

 

 

By:

 

/s/  
ANCA TRIFAN       
Name: Anca Trifan
Title: Director

 

 

By:

 

/s/  
GREGORY SHEFRIN       
Name: Gregory Shefrin
Title: Director

 

 

THE FOOTHILL GROUP, INC.

 

 

By:

 

/s/  
SEAN DIXON       
Name: Sean Dixon
Title: Vice President

 

 

CALYON NEW YORK BRANCH

 

 

By:

 

/s/  
ANNE SHEAN       
Name: Anne Shean
Title: Director

 

 

By:

 

/s/  
JOHN MCCLOSKEY       
Name: John McCloskey
Title: Director

 

 

BANK OF MONTREAL

 

 

By:

 


Name:
Title:
         

4


 


 

 

BAYERISCHE HYPO- und VEREINSBANK AG, NEW YORK BRANCH

 

 

By:

 


Name:
Title:

 

 

By:

 


Name:
Title:

 

 

CIT LENDING SERVICES CORPORATION

 

 

By:

 

/s/  
MICHAEL V. MONAHAN       
Name: Michael V. Monahan
Title: Vice President

 

 

NAME OF LENDER: CANADIAN IMPERIAL BANK OF COMMERCE

 

 

By:

 

/s/  
JOHN O'DOWD       
Name: John O'Dowd
Title: Executive Director

 

 

By:

 

/s/  
CHARLES HENRY       
Name: Charles Henry
Title: Authorized Signatory

 

 

NAME OF LENDER: CLASSIC CAYMAN B.D. LIMITED

 

 

By:

 

/s/  
JANET WOLFF       
Name: Janet Wolff
Title: Authorized Signatory

 

 

By:

 

/s/  
JOHN FITZGERALD       
Name: John Fitzgerald
Title: Authorized Signatory

 

 

NAME OF LENDER: COOKSMILL

 

 

By:

 

/s/  
JOHN R.M. CAMPBELL       
Name: John R.M. Campbell
Title: Authorized Signatory
         

5


 


 

 

DIAMOND SPRINGS TRADING LLC

 

 

By:

 

/s/  
MEREDITH J. KOSLICK       
Name: Meredith J. Koslick
Title: Assistant Vice President

 

 

NAME OF LENDER: FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND

 

 

By:

 

/s/  
JOHN H. COSTELLO       
Name: John H. Costello
Title: Assistant Treasurer

 

 

NAME OF LENDER: FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC: FIDELITY FLOATING RATE CENTRAL INVESTMENT PORTFOLIO

 

 

By:

 

/s/  
JOHN H. COSTELLO       
Name: John H. Costello
Title: Assistant Treasurer

 

 

NAME OF LENDER: FOOTHILL INCOME TRUST, L.P.

 

 

By:

 

FIT GP, LLC, Its Gen Partner

 

 

By:

 

/s/  
SEAN DIXON       
Name: Sean Dixon
Title: Managing Member

 

 

NAME OF LENDER: HIGHLAND FLOATING RATE LIMITED LIABILITY COMPANY

 

 

By:

 

Highland Capital Management, L.P.,
Its Investment Advisor

 

 

By:

 

/s/  
TODD A. TRAVERS       
Name: Todd A. Travers
Title: Assistant Secretary
Highland Capital Management, L.P.
         

6


 


 

 

LONG LANE MASTER TRUST IV

 

 

By:

 

/s/  
ANN E. MORRIS       
Name: Ann E. Morris
Title: Authorized Agent

 

 

NAME OF LENDER: PROTECTIVE LIFE INSURANCE COMPANY

 

 

By:

 

/s/  
DIANE S. GRISWOLD       
Name: Diane S. Griswold
Title: AVP

 

 

NAME OF LENDER: SENIOR DEBT PORTFOLIO

 

 

By:

 

Boston Management and Research
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE SENIOR INCOME TRUST

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President
         

7


 


 

 

NAME OF LENDER: EATON VANCE CDO III, LTD.

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: COSTANTINUS EATON VANCE CDO V, LTD.

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE CDO VI LTD.

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: GRAYSON & CO

 

 

By:

 

Boston Management and Research
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President
         

8


 


 

 

NAME OF LENDER: EATON VANCE VT FLOATING-RATE INCOME FUND

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE LIMITED DURATION INCOME FUND

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: TOLLI & CO.

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE SENIOR FLOATING-RATE TRUST

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President
         

9


 


 

 

NAME OF LENDER: EATON VANCE FLOATING-RATE INCOME TRUST

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND

 

 

By:

 

Eaton Vance Management
as Investment Advisor

 

 

By:

 

/s/  
PAYSON F. SWAFFIELD       
Name: Payson F. Swaffield
Title: Vice President

 

 

NAME OF LENDER: SPLRET IV LOAN TRUST 2003-B

 

 

By:

 

Wilmington Trust Company
not in its individual capacity but solely as trustee

 

 

By:

 

/s/  
RACHEL L. SIMPSON       
Name: Rachel L. Simpson
Title: Financial Services Officer

 

 

NAME OF LENDER: THE TRAVELERS INSURANCE COMPANY

 

 

By:

 

/s/  
WILLIAM M. GARDNER       
Name: William M. Gardner
Title: Investment Officer

 

 

LOAN PARTIES:

 

 

ACC CABLE COMMUNICATIONS FL-VA, LLC

 

 

By:

 

ACC Cable Holdings VA, Inc., its sole member
         

10


 


 

 

ACC CABLE HOLDINGS VA, INC.

 

 

ACC HOLDINGS II

 
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