Trust Indenture Act Section | Indenture Section | |
310 (a)(1) | 7.10 | |
(a)(2) | 7.10 | |
(a)(3) | N.A. | |
(a)(4) | N.A. | |
(a)(5) | 7.10 | |
(b) | 7.10 | |
(c) | N.A. | |
311 (a) | 7.11 | |
(b) | 7.11 | |
(c) | N.A. | |
312 (a) | 2.05 | |
(b) | 14.03 | |
(c) | 14.03 | |
313 (a) | 7.06 | |
(b)(1) | N.A. | |
(b)(2) | 7.06; 7.07 | |
(c) | 7.06; 14.02 | |
(d) | 7.06 | |
314 (a) | 4.03; 14.02; 14.05 | |
(b) | N.A. | |
(c)(1) | 14.04 | |
(c)(2) | 14.04 | |
(c)(3) | N.A. | |
(d) | N.A. | |
(e) | 14.05 | |
(f) | N.A. | |
315 (a) | 7.01 | |
(b) | 7.05; 14.02 | |
(c) | 7.01 | |
(d) | 7.01 | |
(e) | 6.14 | |
316 (a)(last sentence) | 2.09 | |
(a)(1)(A) | 6.05 | |
(a)(1)(B) | 6.04 | |
(a)(2) | N.A. | |
(b) | 6.07 | |
(c) | 2.12; 9.04 | |
317 (a)(1) | 6.08 | |
(a)(2) | 6.12 | |
(b) | 2.04 | |
318 (a) | 14.01 | |
(b) | N.A. | |
(c) | 14.01 |
N.A. means not applicable. | ||
* | This Cross-Reference Table is not part of the Indenture. |
Page |
Section 1.01 Definitions | 1 | |||
Section 1.02 Other Definitions | 29 | |||
Section 1.03 Incorporation by Reference of Trust Indenture Act | 30 | |||
Section 1.04 Rules of Construction | 31 | |||
Section 1.05 Acts of Holders | 31 | |||
ARTICLE 2 | ||||
THE NOTES | ||||
Section 2.01 Form and Dating; Terms | 33 | |||
Section 2.02 Execution and Authentication | 34 | |||
Section 2.03 Registrar and Paying Agent | 34 | |||
Section 2.04 Paying Agent to Hold Money in Trust | 35 | |||
Section 2.05 Holder Lists | 35 | |||
Section 2.06 Transfer and Exchange | 35 | |||
Section 2.07 Replacement Notes | 46 | |||
Section 2.08 Outstanding Notes | 47 | |||
Section 2.09 Treasury Notes | 47 | |||
Section 2.10 Temporary Notes | 47 | |||
Section 2.11 Cancellation | 48 | |||
Section 2.12 Defaulted Interest | 48 | |||
Section 2.13 CUSIP Numbers | 48 | |||
ARTICLE 3 | ||||
REDEMPTION | ||||
Section 3.01 Notices to Trustee | 49 | |||
Section 3.02 Selection of Notes to Be Redeemed or Purchased | 49 | |||
Section 3.03 Notice of Redemption | 49 | |||
Section 3.04 Effect of Notice of Redemption | 50 | |||
Section 3.05 Deposit of Redemption or Purchase Price | 50 | |||
Section 3.06 Notes Redeemed or Purchased in Part | 51 | |||
Section 3.07 Optional Redemption | 51 | |||
Section 3.08 Mandatory Redemption | 52 | |||
Section 3.09 Offers to Repurchase by Application of Excess Proceeds | 52 |
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ARTICLE 4 | ||||
COVENANTS | ||||
Section 4.01 Payment of Notes | 54 | |||
Section 4.02 Maintenance of Office or Agency | 54 | |||
Section 4.03 Reports and Other Information | 54 | |||
Section 4.04 Compliance Certificate | 55 | |||
Section 4.05 Taxes | 56 | |||
Section 4.06 Stay, Extension and Usury Laws | 56 | |||
Section 4.07 Limitation on Restricted Payments | 56 | |||
Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 63 | |||
Section 4.09 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock | 64 | |||
Section 4.10 Asset Sales | 68 | |||
Section 4.11 Transactions with Affiliates | 71 | |||
Section 4.12 Liens | 73 | |||
Section 4.13 Corporate Existence | 73 | |||
Section 4.14 Offer to Repurchase Upon Change of Control | 73 | |||
Section 4.15 Limitation on Guarantees of Indebtedness by Restricted Subsidiaries | 75 | |||
Section 4.16 Limitation on Layering | 76 | |||
Section 4.17 KC Divestiture Trust | 77 | |||
ARTICLE 5 | ||||
SUCCESSORS | ||||
Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets | 77 | |||
Section 5.02 Successor Corporation Substituted | 78 | |||
ARTICLE 6 | ||||
DEFAULTS AND REMEDIES | ||||
Section 6.01 Events of Default | 79 | |||
Section 6.02 Acceleration | 81 | |||
Section 6.03 Other Remedies | 82 | |||
Section 6.04 Waiver of Past Defaults | 82 | |||
Section 6.05 Control by Majority | 82 | |||
Section 6.06 Limitation on Suits | 83 | |||
Section 6.07 Rights of Holders of Notes to Receive Payment | 83 | |||
Section 6.08 Collection Suit by Trustee | 83 | |||
Section 6.09 Restoration of Rights and Remedies | 83 | |||
Section 6.10 Rights and Remedies Cumulative | 84 | |||
Section 6.11 Delay or Omission Not Waiver | 84 | |||
Section 6.12 Trustee May File Proofs of Claim | 84 | |||
Section 6.13 Priorities | 84 | |||
Section 6.14 Undertaking for Costs | 85 |
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ARTICLE 7 | ||||
TRUSTEE | ||||
Section 7.01 Duties of Trustee | 85 | |||
Section 7.02 Rights of Trustee | 86 | |||
Section 7.03 Individual Rights of Trustee | 87 | |||
Section 7.04 Trustee’s Disclaimer | 87 | |||
Section 7.05 Notice of Defaults | 88 | |||
Section 7.06 Reports by Trustee to Holders of the Notes | 88 | |||
Section 7.07 Compensation and Indemnity | 88 | |||
Section 7.08 Replacement of Trustee | 89 | |||
Section 7.09 Successor Trustee by Merger, etc. | 90 | |||
Section 7.10 Eligibility; Disqualification | 90 | |||
Section 7.11 Preferential Collection of Claims Against Issuer | 90 | |||
ARTICLE 8 | ||||
LEGAL DEFEASANCE AND COVENANT DEFEASANCE | ||||
Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance | 90 | |||
Section 8.02 Legal Defeasance and Discharge | 90 | |||
Section 8.03 Covenant Defeasance | 91 | |||
Section 8.04 Conditions to Legal or Covenant Defeasance | 91 | |||
Section 8.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 93 | |||
Section 8.06 Repayment to Issuer | 93 | |||
Section 8.07 Reinstatement | 93 | |||
ARTICLE 9 | ||||
AMENDMENT, SUPPLEMENT AND WAIVER | ||||
Section 9.01 Without Consent of Holders of Notes | 94 | |||
Section 9.02 With Consent of Holders of Notes | 95 | |||
Section 9.03 Compliance with Trust Indenture Act | 96 | |||
Section 9.04 Revocation and Effect of Consents | 96 | |||
Section 9.05 Notation on or Exchange of Notes | 97 | |||
Section 9.06 Trustee to Sign Amendments, etc | 97 | |||
Section 9.07 Payment for Consent | 97 | |||
ARTICLE 10 | ||||
SUBORDINATION | ||||
Section 10.01 Agreement To Subordinate | 98 | |||
Section 10.02 Liquidation, Dissolution, Bankruptcy | 98 | |||
Section 10.03 Default on Senior Indebtedness of the Issuer | 99 | |||
Section 10.04 Acceleration of Payment of Notes | 100 | |||
Section 10.05 When Distribution Must Be Paid Over | 100 |
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Section 10.06 Subrogation | 100 | |||
Section 10.07 Relative Rights | 100 | |||
Section 10.08 Subordination May Not Be Impaired by Issuer | 101 | |||
Section 10.09 Rights of Trustee and Paying Agent | 101 | |||
Section 10.10 Distribution or Notice to Representative | 101 | |||
Section 10.11 Article 10 Not To Prevent Events of Default or Limit Right To Accelerate | 101 | |||
Section 10.12 Trust Moneys Not Subordinated | 101 | |||
Section 10.13 Trustee Entitled To Rely | 102 | |||
Section 10.14 Trustee To Effectuate Subordination | 102 | |||
Section 10.15 Trustee Not Fiduciary for Holders of Senior Indebtedness of the Issuer | 103 | |||
Section 10.16 Reliance by Holders of Senior Indebtedness of the Issuer on Subordination Provisions | 103 | |||
ARTICLE 11 | ||||
GUARANTEES | ||||
Section 11.01 Guarantee | 103 | |||
Section 11.02 Limitation on Guarantor Liability | 105 | |||
Section 11.03 Execution and Delivery | 105 | |||
Section 11.04 Subrogation | 106 | |||
Section 11.05 Benefits Acknowledged | 106 | |||
Section 11.06 Release of Guarantees | 106 | |||
ARTICLE 12 | ||||
SUBORDINATION OF GUARANTEES | ||||
Section 12.01 Agreement To Subordinate | 106 | |||
Section 12.02 Liquidation, Dissolution, Bankruptcy | 107 | |||
Section 12.03 Default on Senior Indebtedness of a Guarantor | 107 | |||
Section 12.04 Demand for Payment | 109 | |||
Section 12.05 When Distribution Must Be Paid Over | 109 | |||
Section 12.06 Subrogation | 109 | |||
Section 12.07 Relative Rights | 109 | |||
Section 12.08 Subordination May Not Be Impaired by a Guarantor | 109 | |||
Section 12.09 Rights of Trustee and Paying Agent | 110 | |||
Section 12.10 Distribution or Notice to Representative | 110 | |||
Section 12.11 Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment | 110 | |||
Section 12.12 Trust Moneys Not Subordinated | 110 | |||
Section 12.13 Trustee Entitled To Rely | 110 | |||
Section 12.14 Trustee To Effectuate Subordination | 111 | |||
Section 12.15 Trustee Not Fiduciary for Holders of Senior Indebtedness of Guarantors | 111 | |||
Section 12.16 Reliance by Holders of Senior Indebtedness of a Guarantor on Subordination Provisions | 112 |
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Page |
ARTICLE 13 | ||||
SATISFACTION AND DISCHARGE | ||||
Section 13.01 Satisfaction and Discharge | 112 | |||
Section 13.02 Application of Trust Money | 113 | |||
ARTICLE 14 | ||||
MISCELLANEOUS | ||||
Section 14.01 Trust Indenture Act Controls | 113 | |||
Section 14.02 Notices | 114 | |||
Section 14.03 Communication by Holders of Notes with Other Holders of Notes | 115 | |||
Section 14.04 Certificate and Opinion as to Conditions Precedent | 115 | |||
Section 14.05 Statements Required in Certificate or Opinion | 115 | |||
Section 14.06 Rules by Trustee and Agents | 115 | |||
Section 14.07 No Personal Liability of Directors, Officers, Employees and Stockholders | 115 | |||
Section 14.08 Governing Law | 116 | |||
Section 14.09 Waiver of Jury Trial | 116 | |||
Section 14.10 Force Majeure | 116 | |||
Section 14.11 No Adverse Interpretation of Other Agreements | 116 | |||
Section 14.12 Successors | 116 | |||
Section 14.13 Severability | 116 | |||
Section 14.14 Counterpart Originals | 116 | |||
Section 14.15 Table of Contents, Headings, etc. | 117 | |||
Section 14.16 Qualification of Indenture | 117 |
Exhibit B Form of Certificate of Transfer
Exhibit C Form of Certificate of Exchange
Exhibit D Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors
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Defined in | ||||
Term | Section | |||
“Acceptable Commitment” | 4.10 | |||
“Affiliate Transaction” | 4.11 | |||
“Asset Sale Offer” | 4.10 | |||
“Authentication Order” | 2.02 | |||
“Blockage Notice” | 10.03 | |||
“Change of Control Offer” | 4.14 | |||
“Change of Control Payment” | 4.14 | |||
“Change of Control Payment Date” | 4.14 | |||
“Covenant Defeasance” | 8.03 |
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Defined in | ||||
Term | Section | |||
“DTC” | 2.03 | |||
“Event of Default” | 6.01 | |||
“Excess Proceeds” | 4.10 | |||
“Guarantee Blockage Notice” | 12.03 | |||
“Guarantee Payment Blockage Period” | 12.03 | |||
“Guarantor Payment Default” | 12.03 | |||
“incur” | 4.09 | |||
“Legal Defeasance” | 8.02 | |||
“Non-Guarantor Payment Default” | 12.03 | |||
“Non-Payment Default” | 10.03 | |||
“Note Register” | 2.03 | |||
“Offer Amount” | 3.09 | |||
“Offer Period” | 3.09 | |||
“Pari Passu Indebtedness” | 4.10 | |||
“pay its Guarantee” | 12.03 | |||
“pay the Notes” | 10.03 | |||
“Paying Agent” | 2.03 | |||
“Payment Blockage Period” | 10.03 | |||
“Payment Default” | 10.03 | |||
“Purchase Date” | 3.09 | |||
“Redemption Date” | 3.07 | |||
“Refinancing Indebtedness” | 4.09 | |||
“Refunding Capital Stock” | 4.07 | |||
“Registrar” | 2.03 | |||
“Restricted Payments” | 4.07 | |||
“Successor Company” | 5.01 | |||
“Successor Person” | 5.01 | |||
“Treasury Capital Stock” | 4.07 |
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Year | Percentage | |||
2010 | 104.938 | % | ||
2011 | 102.469 | % | ||
2012 and thereafter | 100.000 | % |
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Section 8.05 | Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. |
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Section 10.11 | Article 10 Not To Prevent Events of Default or Limit Right To Accelerate. |
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Section 10.16 | Reliance by Holders of Senior Indebtedness of the Issuer on SubordinationProvisions. |
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Section 12.16 | Reliance by Holders of Senior Indebtedness of a Guarantor on Subordination Provisions. |
--112--
--113--
14 Piedmont Center
3535 Piedmont Road, Suite 1400
Atlanta, GA 30305
Fax No.: (404) 943-0740
Attention: Chief Financial Officer
Corporate Trust Services
Sixth and Marquette
Mac N9303-120
Minneapolis, MN 55479
Fax No.: (612) 667-9825
Attention: CMP Susquehanna Account Manager
--114--
Section 14.07 | No Personal Liability of Directors, Officers, Employees and Stockholders. |
--115--
--116--
--117--
CMP SUSQUEHANNA CORP. | ||||
By: | /s/ Lewis W. Dickey, Jr. | |||
Name: | Lewis W. Dickey, Jr. | |||
Title: | Chairman, President and Chief Executive Officer | |||
CMP SUSQUEHANNA RADIO HOLDINGS CORP. | ||||
By: | /s/ Lewis W. Dickey, Jr. | |||
Name: | Lewis W. Dickey, Jr. | |||
Title: | Chairman, President and Chief Executive Officer | |||
SUBSIDIARY GUARANTORS LISTED ON SCHEDULE A: | |||||
By: | /s/ Lewis W. Dickey, Jr. | ||||
Name: | Lewis W. Dickey, Jr. | ||||
Title: | Chairman, President and Chief Executive Officer | ||||
KLIF BROADCASTING LIMITED PARTNERSHIP KLIF RADIO, INC., AS GENERAL PARTNER: | |||||
By: | /s/ Lewis W. Dickey, Jr. | ||||
Name: | Lewis W. Dickey, Jr. | ||||
Title: | Chairman, President and Chief Executive Officer | ||||
KPLX LIMITED PARTNERSHIP KPLX RADIO, INC., AS GENERAL PARTNER: | |||||
By: | /s/ Lewis W. Dickey, Jr. | ||||
Name: | Lewis W. Dickey, Jr. | ||||
Title: | Chairman, President and Chief Executive Officer | ||||
KRBE LIMITED PARTNERSHIP KRBE RADIO, INC., AS GENERAL PARTNER: | |||||
By: | /s/ Lewis W. Dickey, Jr. | ||||
Name: | Lewis W. Dickey, Jr. | ||||
Title: | Chairman, President and Chief Executive Officer | ||||
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||||
By: | /s/ Frank Mc Donald | |||
Name: | Frank Mc Donald | |||
Title: | Vice President | |||
CMP KC Corp.
CMP KC-Houston, LLC
Indianapolis Radio License Co.
Indy Lico, Inc.
KFFG Lico, Inc.
KLIF Broadcasting , Inc.
KLIF Lico, Inc.
KLIF Radio, Inc.
KNBR, Inc.
KNBR Lico, Inc.
KPLX Lico, Inc.
KPLX Radio, Inc.
KRBE Broadcasting, Inc.
KRBE Lico, Inc.
KRBE Radio, Inc.
Radio Cincinnati, Inc.
Radio Indianapolis, Inc.
Radio Metroplex, Inc.
Radio San Francisco, Inc.
S.C.I. Broadcasting, Inc.
Sunnyside Communications, Inc.
Susquehanna License Co., LLC
Susquehanna Media Co.
Susquehanna Pfaltzgraff Co.
Susquehanna Radio Corp.
Susquehanna Radio Services, Inc.
Texas Star Radio, Inc.
WFMS Lico, Inc.
WNNX Lico, Inc.
WRRM Lico, Inc.
WSBA Lico, Inc.
WVAE Lico, Inc.
A-1
ISIN [ ]1
representing initially up to
$ ]
97/8% Senior Subordinated Notes due 2014
No. ___ | [$ ] |
1 | Rule 144A Note CUSIP: [ ] | |
Rule 144A Note ISIN: [ ] | ||
Regulation S Note CUSIP: [ ] | ||
Regulation S Note ISIN: [ ] | ||
Exchange Note CUSIP: [ ] | ||
Exchange Note ISIN: [ ] |
A-2
CMP SUSQUEHANNA CORP. | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-3
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||||
By: | ||||
Authorized Signatory | ||||
A-4
2 | With respect to the Initial Notes. |
A-5
Year | Percentage | |||
2010 | 104.938 | % | ||
2011 | 102.469 | % | ||
2012 and thereafter | 100.000 | % |
A-6
A-7
A-8
3535 Piedmont Road, Suite 1400
Atlanta, GA 30305
Fax No.: (404) 943-0740
Attention: Chief Financial Officer
A-9
(I) or (we) assign and transfer this Note to: | ||
(Insert assignee’ legal name) |
and irrevocably appoint | ||
to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. |
Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) | ||||
Signature Guarantee*: |
A-10
Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) |
Tax Identification No.: | ||||
Signature Guarantee*: |
A-11
Principal Amount | ||||||||
of | ||||||||
Amount of | Amount of increase | this Global Note | Signature of | |||||
decrease | in Principal | following such | authorized officer | |||||
Date of | in Principal | Amount of this | decrease or | of Trustee or | ||||
Exchange | Amount | Global Note | increase | Note Custodian | ||||
* | This schedule should be included only if the Note is issued in global form. |
A-12
14 Piedmont Center
3535 Piedmont Road, Suite 1400
Atlanta, GA 30305
Fax No.: (404) 943-0740
Attention: General Counsel
Corporate Trust Services
Sixth and Marquette
Mac N9303-120
Minneapolis, MN 55479
Fax No.: (612) 667-9825
Attention: CMP Susquehanna Account Manager
B-1
B-2
B-3
[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
B-4
1. | The Transferor owns and proposes to transfer the following: |
(a) | [ ] a beneficial interest in the: |
(i) | [ ] 144A Global Note (CUSIP 126001AA4), or | ||
(ii) | [ ] Regulation S Global Note (CUSIP U12612AA2), or |
(b) | [ ] a Restricted Definitive Note. |
2. | After the Transfer the Transferee will hold: |
(a) | [ ] a beneficial interest in the: |
(i) | [ ] 144A Global Note (CUSIP 126001AA4), or | ||
(ii) | [ ] Regulation S Global Note (CUSIP U12612AA2), or | ||
(iii) | [ ] Unrestricted Global Note (CUSIP 126001AB2), or |
(b) | [ ] a Restricted Definitive Note; or |
(c) | [ ] an Unrestricted Definitive Note, in accordance with the terms of the Indenture. |
B-5
14 Piedmont Center
3535 Piedmont Road, Suite 1400
Atlanta, GA 30305
Fax No.: (404) 943-0740
Attention: General Counsel
Corporate Trust Services
Sixth and Marquette
Mac N9303-120
Minneapolis, MN 55479
Fax No.: (612) 667-9825
Attention: CMP Susquehanna Account Manager
C-1
C-2
[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
C-3
TO BE DELIVERED BY SUBSEQUENT GUARANTORS]
D-1
D-2
D-3
D-4
D-5
[GUARANTEEING SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
D-6