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EXHIBIT 10.57
Execution Copy
FALCON RESTRICTED COMPANIES
AMENDED AND RESTATED CREDIT AGREEMENT
CONSENT NO. 1
This Consent, dated as of July 11, 1997, is among the affiliates of
Falcon Holding Group, L.P., a Delaware limited partnership, set forth on the
signature pages hereto, BankBoston, N.A., f/k/a The First National Bank of
Boston, as Managing Agent for itself and the other Lenders, Toronto-Dominion
(Texas) Inc., as Administrative Agent and NationsBank of Texas, N.A., as
Syndication Agent. The parties agree as follows:
1. Reference to Credit Agreement; Definitions. Reference is made to the
Amended and Restated Credit Agreement, dated as of July 12, 1996, among the
parties hereto (as amended, modified and in effect prior to giving effect to
this Consent, the "Credit Agreement"). Terms defined in the Credit Agreement as
amended hereby (the "Amended Credit Agreement") and not otherwise defined herein
are used herein with the meanings so defined.
2. Amendments to Credit Agreement. In reliance upon the representations
and warranties set forth in Section 3, the Credit Agreement is amended as
follows, effective upon the date hereof:
2.1. Amendment of Section 1.14. The definition of "Bank of Boston" in
Section 1.14 of the Credit Agreement is amended to read in its entirety as
follows:
"1.14. "Bank of Boston" means BankBoston, N.A."
2.2. Addition of Section 7.9.12. Section 7.9 of the Credit Agreement is
amended by adding a new Section 7.9.12 immediately following Section 7.9.11 to
read in its entirety as follows:
"7.9.12. So long as immediately before and after giving effect thereto
no Default exists, Falcon Community Cable, L.P., Falcon Cable Media, a
California limited partnership and Falcon Cable Systems Company II, L.P.
may acquire the assets of Falcon Classic Cable Income Properties, L.P.,
a California limited partnership, pursuant to an Asset Purchase
Agreement substantially in the form as has been previously furnished to
the Agents for an aggregate purchase price not exceeding $82,000,000."
2.3. Amendment of Exhibits 8.6.1. Exhibit 8.6.1 to the Credit Agreement
is amended by adding thereto the respective information set forth in Exhibit
8.6.1 hereto.
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3. Representation and Warranty. In order to induce the Lenders to enter
into this Consent, each of the Restricted Companies jointly and severally
represents and warrants to each of the Lenders that immediately before and after
giving effect to each of the amendments set forth in Section 2, no Default will
exist.
4. Further Assurances. Each of the Restricted Companies will, promptly upon
request of the Managing Agent from time to time, execute, acknowledge and
deliver, and file and record, all such UCC-1 financing statements, instruments
and notices, and take all such action, as the Managing Agent deems necessary or
advisable to carry out the intent and purposes of this Consent.
5. General. The Amended Credit Agreement and all of the other Credit
Documents are each confirmed as being in full force and effect. This Consent,
the Amended Credit Agreement and the other Credit Documents referred to herein
or therein constitute the entire understanding of the parties with respect to
the subject matter hereof and thereof and supersede all prior and current
understandings and agreements, whether written or oral, with respect to such
subject matter. The invalidity or unenforceability of any provision hereof shall
not affect the validity or enforceability of any other term or provision hereof,
and any invalid or unenforceable provision shall be enforced to the maximum
extent of its validity or enforceability. The headings in this Consent are for
convenience of reference only and shall not alter, limit or otherwise affect the
meaning hereof. Each of this Consent and the Amended Credit Agreement is a
Credit Document and this Consent may be executed in any number of counterparts,
which together shall constitute one instrument, and shall bind and inure to the
benefit of the parties and their respective successors and assigns, including as
such successors and assigns all holders of any Note. THIS CONSENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS (OTHER THAN THE CONFLICT
OF LAWS RULES) OF THE COMMONWEALTH OF MASSACHUSETTS.
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Each of the undersigned has caused this Agreement to be executed and
delivered by its duly authorized officer as an agreement under seal as of the
date first above written.
FALCON CABLE MEDIA, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON CABLE SYSTEMS COMPANY II, L.P.
FALCON CABLEVISION, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY CABLE, L.P.
FALCON COMMUNITY VENTURES I
LIMITED PARTNERSHIP
FALCON TELECABLE, A CALIFORNIA
LIMITED PARTNERSHIP
FALCON COMMUNITY INVESTORS, L.P.
FALCON INVESTORS GROUP, LTD., A
CALIFORNIA LIMITED PARTNERSHIP
FALCON MEDIA INVESTORS GROUP, A
CALIFORNIA LIMITED PARTNERSHIP
FALCON TELECABLE INVESTORS GROUP,
A CALIFORNIA LIMITED PARTNERSHIP
FALCON TELECOM, L.P.
By FALCON HOLDING GROUP, INC., as
general partner, or general partner
of the general partner, of each of
the foregoing Restricted Companies
By /s/ Michael K. Menerey
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Title: Chief Financial Officer
Falcon Holding Group, L.P.
10900 Wilshire Boulevard, 15th Floor
Los Angeles, CA 90024
Telecopy: (310) 824-4824
FALCON FIRST, INC.
By /s/ Michael K. Menerey
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Title: Chief Financial Officer
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ATHENS CABLEVISION, INC.
AUSABLE CABLE TV, INC.
CEDAR BLUFF CABLEVISION, INC.
DALTON CABLEVISION, INC.
EASTERN MISSISSIPPI CABLEVISION, INC.
FALCON FIRST CABLE OF NEW YORK, INC.
FALCON FIRST CABLE OF THE SOUTHEAST,
INC.
FALCON FIRST HOLDINGS, INC.
FF CABLE HOLDINGS, INC.
LAUDERDALE CABLEVISION, INC.
MULTIVISION NORTHEAST, INC.
MULTIVISION OF COMMERCE, INC.
PLATTSBURG CABLEVISION, INC.
SCOTTSBORO CABLEVISION, INC.
SCOTTSBORO TV CABLE, INC.
By /s/ Michael K. Menerey
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As an authorized officer of each of
the foregoing corporations
BANKBOSTON, N.A., as Managing Agent
By /s/ David B. Herter
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Title: Managing Director
BankBoston, N.A.
Media and Communications Department
100 Federal Street
Boston, Massachusetts 02110
Telecopy: (617) 434-3401
Telex: 940581
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TORONTO-DOMINION (TEXAS) INC.,
as Administrative Agent
By /s/ Jano Mott
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Title: VP
Toronto-Dominion (Texas) Inc.
909 Fannin, Suite 1700
Houston, TX 77010
Telecopy: (713) 951-9921
NATIONSBANK OF TEXAS, N.A., as Syndications
Agent
By /s/ Douglas S. Stuart
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Title: SVP
NationsBank of Texas, N.A.
901 Main Street
64th Floor
Dallas, Texas 75202
Telecopy: (214) 508-9390
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The foregoing Consent is consented to by the following Lenders:
ABN AMRO BANK
By: ----------------------------------
Title:
ABN-AMRO Bank
500 Park Avenue, 2nd Floor
New York, NY 10022
ABN-AMRO BANK N.V., LOS ANGELES
INTERNATIONAL BRANCH
By: ABN-Amro North America, Inc., as agent
By /s/ Matthew S. Thomson
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Title: Group Vice President/Director
By /s/ Paul K. Stimpfl
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Title: Vice President
ABN-AMRO Bank, Los Angeles
300 South Grand Avenue, Suite 1115
Los Angeles, CA 90071
Telecopy: (213) 687-2061
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BANK OF AMERICA N.T. & S.A.
By /s/ Shannon T. Ward
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Title: Vice President
Bank of America N.T. & S.A.
Entertainment & Media Industry Group
Dept. 3282
555 South Flower Street
Los Angeles, California 90071
Telecopy: (213) 623-7923
BANK OF MONTREAL
By /s/ Yvonne Bos
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Title: Senior Vice President
Bank of Montreal
Media & Communications
430 Park Avenue
New York, New York 10022
Telecopy: (212) 605-1648
BANQUE FRANCAISE DU COMMERCE EXTERIEUR
By /s/ Ron Kraus
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Title: Associate
By /s/ Kevin Dooley
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Title: Vice President
Banque Francaise du Commerce Exterieur
645 Fifth Avenue, 20th Floor
New York, NY 10022
Telecopy: (212) 872-5045
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BANQUE NATIONALE DE PARIS
By /s/ J.L. Tourne
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Title: V.P. & Deputy Manager
By /s/ Janice Ho
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Title: V.P.
Banque Nationale de Paris
725 South Figueroa Street, Suite 2090
Los Angeles, CA 90017
Telecopy: (213) 488-9602
BANQUE PARIBAS
By /s/ John Acker / Darlynn Ernst
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Title: Group Vice /Assist. Vice
President President
Banque Paribas
2029 Century Park East
Suite 3800
Los Angeles, California 90067
Telecopy: (310) 556-8759
BARCLAYS BANK PLC
By /s/ James K. Downey
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Title: Associate Director
Barclays Bank Plc
388 Market Street, Suite 1700
San Francisco, CA 94111
Telecopy: (415) 765-4760
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THE CHASE MANHATTAN BANK
By /s/ Mitch Geruis
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Title: Vice President
The Chase Manhattan Bank, N.A.
One Chase Manhattan Plaza, 4th Floor
New York, NY 10081
Telecopy: (212) 622-0136
CITY NATIONAL BANK
By /s/ David Burdge
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Title: SVP
City National Bank
400 N. Roxbury Drive
Beverly Hills, CA 90210
Telecopy: (310) 888-6149
CIBC, INC.
By /s/ D. Strek
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Title:
CIBC, Inc.
425 Lexington Avenue
New York, New York 10017
Telecopy: (212) 856-3558
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CREDIT LYONNAIS, NEW YORK BRANCH
By /s/ Mark D. Thorsheim
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Title: Vice President
Credit Lyonnaise, New York Branch
1301 Avenue of the Americas
New York, New York 10017
Telecopy: (212) 261-3318
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FLEET BANK, N.A.
By /s/ Garret Komjathy
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Title: Vice President
Fleet Bank, N.A.
60 East 42nd Street, 3rd Floor
New York, NY 10017
Telecopy: (212) 907-5627
THE FUJI BANK, LIMITED LOS ANGELES AGENCY
By /s/ Nobuhiro Umemura
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Title: Joint General Manager
The Fuji Bank,
Limited Los Angeles Agency
333 South Hope Street
Los Angeles, CA 90071
Telecopy: (213) 253-4198
THE LONG-TERM CREDIT BANK OF JAPAN, LTD.
LOS ANGELES AGENCY
By /s/ T. Morgan Edwards II
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Title: Deputy General Manager
The Long-Term Credit Bank of Japan, Ltd
Los Angeles Agency
350 South Grand Avenue, Suite 3000
Los Angeles, CA 90071
Telecopy: (213) 622-6908
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MEESPIERSON, CAPITAL CORP.
By /s/ Claudia J. Chifos / John Conners
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Title: Authorized/Exec. V.P.
Signatory
MeesPierson, Capital Corp.
445 Park Avenue, 5th Floor
New York, NY 10022
Telecopy: (212) 801-0420
OCTAGIT INVESTORS
By /s/ Andrew D. Gordon
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Title: Managing Director
Octagon Credit Investors
380 Madison Avenue, 12th Floor
New York, NY 10017
Telecopy: (212) 622-3797
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RABOBANK NEDERLAND, NEW YORK BRANCH
By /s/ W. Pieter C. Kodde
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Title: Vice President
By /s/ Ellen A. Polansky
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Title: Vice President
Rabobank Nederland
245 Park Avenue
New York, NY 10167
Telecopy: (212) 916-7930
RIGGS BANK N.A.
By /s/ Jeffrey P. White
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Title: Vice President
Riggs Bank N.A.
Corporate General Banking
808 17th Street, N.W.
Washington, DC 20074-0649
Telecopy: (202) 835-5977
SENIOR DEBT PORTFOLIO
By: BOSTON MANAGEMENT AND
RESEARCH, as investment advisor
By /s/ Scott H. Page
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Title: Vice President
Senior Debt Portfolio
24 Federal Street, 6th Floor
Boston, MA 02110
Telecopy: (617) 695-9594
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SOCIETE GENERALE
By: /s/ Mark Vigil
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Title: Vice President
Societe Generale
Media and Communications Group
1221 Avenue of the Americas, 11th Floor
New York, NY 10020
Telecopy: (212) 278-6240
THE SUMITOMO BANK, LIMITED
By /s/ Yvonne K. Tso
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Title: Vice President
By /s/ Simon Baker
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Title: Vice President
The Sumitomo Bank, Limited
800 West 6th Street, Suite 950
Los Angeles, CA 90017
Telecopy: (213) 623-4629
SUMMIT BANK
By /s C.J. Annas
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Title: Regional Vice President
Summit Bank
Three Valley Square
512 Township Line Road, Suite 280
Blue Bell, PA 19422
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SUNTRUST BANK, CENTRAL FLORIDA N.A.
By /s/ Janet P. Sammons
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Title: V.P.
SunTrust Bank, Central Florida, N.A.
200 South Orange Avenue
Orlando, FL 32801
Telecopy: (407) 237-4253
UNION BANK OF CALIFORNIA, N.A.
By /s/ J. Kevin Sampson
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Title: VP
Union Bank of California, N.A.
Communications/Media Division
445 South Figueroa Street
Los Angeles, CA 90071
Telecopy: (415) 765-3146
VAN KAMPEN AMERICAN CAPITAL
PRIME RATE INCOME TRUST
By /s/ Jeffrey W. Maillet
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Title:
Van Kampen American Capital
Prime Rate Income Trust
One Parkview Plaza, 6th Floor
Oakbrook Terrace, IL 60181
Telecopy: (708) 684-6740
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