EXHIBIT 10.38
FALCON CABLE COMMUNICATIONS, LLC
CONSENT UNDER CREDIT AGREEMENT
Notwithstanding Section 7.9.7(b)(A) of the Credit Agreement dated as of
June 30, 1998, as now in effect (the "CREDIT AGREEMENT"), among Falcon Cable
Communications, LLC (the "COMPANY"), certain of its Subsidiaries, BankBoston,
N.A. and a group of Lenders for which it is acting as documentation agent (the
"DOCUMENTATION AGENT"), the Documentation Agent consents that:
1. Falcon Community Ventures I Limited Partnership ("COMMUNITY VENTURES"), a
Subsidiary of the Company, may consummate the acquisition contemplated by
the Asset Purchase Agreement made effective as of September 9, 1998 by and
between Jones Cable Income Fund 1-B/C Venture, Jones Intercable, Inc. and
Community Ventures, pursuant to the terms thereof, for a purchase price not
to exceed $10,000,000 (prior to the application of all purchase price
adjustments provided for therein).
2. Falcon Cablevision ("CABLEVISION") and Falcon Telecable ("TELECABLE"),
Subsidiaries of the Company, may consummate the acquisition contemplated by
the Asset Purchase Agreement dated as of November 6, 1998 by and among
Cablevision, Telecable and Enstar Income/Growth Program Six-B, L.P.,
pursuant to the terms thereof, for a purchase price not to exceed
$10,473,200 (prior to the application of all purchase price adjustments
provided for therein).
3. The aggregate purchase price paid in the acquisitions described above shall
not be counted toward the aggregate limit set forth in Section 7.9.7(b)(A)
for the fiscal year of the Company ending December 31, 1999; PROVIDED,
HOWEVER, that such acquisitions shall be subject to each other provision of
Section 7.9.7 and shall be treated for all purposes of the Credit Agreement
as acquisitions made pursuant to Section 7.9.7.
This consent is based on the representation by the Company that, after giving
effect to this consent and the acquisitions described above, no Default will
exist. This consent is a Credit Document and shall not be construed as a waiver
of any right or remedy on any future occasion. Terms defined in the Credit
Agreement are used herein with the meanings so defined.
Dated: July 19, 1999 BANKBOSTON, N.A., as Documentation Agent
By /s/ MATTHEW E. MURPHY
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Title: Director
The foregoing is hereby consented and agreed to:
TORONTO DOMINION (TEXAS) INC.
By /s/ JEFFERY R. LENTS
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Title: Vice President
Toronto Dominion (Texas) Inc.
909 Fannin Street, 17th Floor
Houston, TX 77010
Telecopy: (713) 951-9921
NATIONSBANK, N.A.
By
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Title:
Bank of America National Trust &
Savings Association
Communications Finance
Unit 9048
555 California Street, 41st Floor
San Francisco, CA 94104
Attn: Doug Meckelnburg
Telecopy: (415) 622-0632
with a copy to: NationsBank, N.A.
901 Main Street, 64th Floor
Dallas, TX 75202
Attn: Tom Carter
Telecopy: (214) 209-9390
THE CHASE MANHATTAN BANK
By
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Title:
The Chase Manhattan Bank
270 Park Avenue, 37th Floor
New York, NY 10017
Telecopy: (212) 270-4584
BANK OF AMERICA, N.A. (f/k/a
BANK OF AMERICA NATIONAL TRUST & SAVINGS ASSOCIATION)
By /s/ JENNIFER ZYDNEY
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Title: Managing Director
Bank of America, N.A.
Communications Finance Division
901 Main St., 64th Floor
Dallas, TX 75202
Attn: Jennifer Zydney
Rich Peck
Telecopy: (214) 209-9390
ABN AMRO BANK N.V.
By /s/ THOMAS M. TOERPE
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Title: Vice President
By /s/ SANG W. LEE
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Title: Assistant Vice President
ABN AMRO Bank N.V.
135 South LaSalle, Suite 640
Chicago, ILL 60603
AG CAPITAL FUNDING PARTNERS, L.P.
By Angelo, Gordon & Co., as Investment Advisor
By
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Title:
AG Capital Funding Partners, L.P.
c/o Angelo, Gordon & Co.
245 Park Avenue, 26th Floor
New York, NY 10167
Telecopy: (212) 867-1388
ALLSTATE LIFE INSURANCE COMPANY
By
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Title:
By
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Title:
Its Authorized Signatories
Allstate Life Insurance Company
3075 Sanders Road, Suite G5A
Northbrook, IL 60062
Telecopy: (847) 402-9882
BANQUE NATIONALE DE PARIS
By /s/ CLIVE BETTLES
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Title: Senior Vice President
By /s/ JANICE HO
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Title: Vice President
Banque Nationale de Paris
725 South Figueroa, Suite 2090
Los Angeles, CA 90017
Telecopy: (213) 488-9602
BARCLAYS BANK PLC
By /s/ DANIEL IACOVONE
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Title: Associate Director
Barclays Bank PLC
388 Market Street, Suite 1700
San Francisco, CA 94111
Telecopy: (415) 765-4760
B.D.C. FINANCE L.L.C.
By
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Title:
Black Diamond Capital Management
One Conway Park
100 Field Drive, Suite 100
Lake Forest, IL 60045
Attn: D.M. Brown, CFO
Telecopy: (847) 615-9064
CIBC INC.
By /s/ LAURA HORN
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Title: Executive Director
CIBC Inc.
425 Lexington Avenue
New York, NY 10017
Telecopy: (212) 856-3558
CITIZENS BANK OF RHODE ISLAND
By
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Title:
Citizens Bank of Rhode Island
One Citizens Plaza, 4th Floor
Providence, RI 02903
Telecopy: (401) 455-5404
CITY NATIONAL BANK
By
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Title: Vice President
City National Bank
400 N. Roxbury Drive, 3rd Floor
Beverly Hills, CA 90210
Telecopy: (310) 888-6152
COOPERATIVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A.,
"RABOBANK NEDERLAND", NEW YORK BRANCH
By /s/ MICHIEL V.M. VAN DER VOORT
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Title: Vice President
By /s/ IAN REECE
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Title: Senior Credit Officer
Rabobank Nederland
Media & Telecommunications
300 South Wacker Drive, Suite 3500
Chicago, IL 60606
Telecopy: (312) 786-0052
GOLDMAN SACHS CREDIT PARTNERS LP
By /s/ STEPHEN J. MCGUINNESS
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Title: Authorized Signatory
Goldman Sachs Credit Partners LP
85 Broad Street
New York, NY 10022
Attn: Susan Lancaster
Telecopy: (212) 357-8068
CREDIT LOCAL DE FRANCE
By /s/ ROBERT N. SLOAN
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Title: Vice President
By /s/ JAMES R. MILLER
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Title: General Manager
Credit Local de France
450 Park Avenue, 3rd Floor
New York, NY 10022
Telecopy: (212) 753-5522
CREDIT LYONNAIS NEW YORK BRANCH
By /s/ MARK D. THORSHEIM
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Title: Vice President
Credit Lyonnais New York Branch
1301 Avenue of the Americas
New York, NY 10019
Telecopy: (212) 261-3288
CYPRESSTREE INVESTMENT FUND LLC
By
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Title:
Cypresstree Investment Fund LLC
125 High Street
Boston, MA 02110
Telecopy: (617) 946-5880
DEEP ROCK AND COMPANY
By: Eaton Vance Management, as Investment Advisor
By /s/ PAYSON F. SWAFFIELD
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Title: Vice President
Eaton Vance Management
Attn: Prime Rate Reserves
24 Federal Street, 6th Floor
Boston, MA 02110
Telecopy: (617) 695-9594
DRESDNER BANK AG, NEW YORK AND
GRAND CAYMAN BRANCHES
By
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Title:
Dresdner Bank AG, New York and Grand
Cayman Branches
75 Wall Street
New York, NY 10005
Telecopy: (212) 429-2374
EATON VANCE SENIOR INCOME TRUST
By: Eaton Vance Management, as Investment Advisor
By /s/ PAYSON F. SWAFFIELD
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Title: Vice President
Eaton Vance Management
Attn: Prime Rate Reserves
24 Federal Street, 6th Floor
Boston, MA 02110
Telecopy: (617) 695-9594
FIRST DOMINION FUNDING I
By
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Title:
Texas Commerce Bank, N.A.
600 Travis, 8th Floor
Houston, TX 77002
Attn: Crystal Williams
Telecopy: (713) 216-8299
with a copy to: First Dominion Funding I
1330 Avenue of the Americas, 10th Floor
New York, NY 10019
Attn: Shashi Srikantan
Telecopy: (212) 603-8505
FLEET NATIONAL BANK
By
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Title:
Fleet National Bank
Media & Communications Group
1185 Avenue of the Americas, 16th Floor
New York, NY 10036
Telecopy: (212) 819-6202
THE FUJI BANK, LIMITED, LOS ANGELES AGENCY
By
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Title:
The Fuji Bank, Limited, Los Angeles Agency
333 South Hope Street, 39th Floor
Los Angeles, CA 90071
Telecopy: (213) 253-4178
HARCH CAPITAL MANAGEMENT
By
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Title:
Harch Capital Management
One Park Place
621 NW 53rd Street, Suite 620
Boca Raton, FL 33487
Telecopy: (561) 995-4955
INDOSUEZ CAPITAL FUNDING IV, L.P.
By: Indosuez Capital Luxembourg, as Collateral Manager
By
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Title:
Indosuez Capital
1211 Avenue of the Americas, 7th Floor
New York, NY 10036-8701
Attn: Francoise Berthelot
Telecopy: (212) 278-2254
THE INDUSTRIAL BANK OF JAPAN, LIMITED LOS ANGELES AGENCY
By /s/KAZUTOSHI KUWAHARA
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Title: General Manager
The Industrial Bank of Japan, Limited Los Angeles Agency
350 Grand South Avenue, Suite 1500
Los Angeles, CA 90071
Telecopy: (213) 488-9840
KZH PONDVIEW LLC
By /s/PETER CHIN
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Title: Authorized Agent
KZH III LLC
c/o The Chase Manhattan Bank
450 West 33rd Street, 15th Floor
New York, NY 10001
Attention: Virginia Conway
Telecopy: (212) 946-7776
KZH CYPRESSTREE-1 LLC
By /s/PETER CHIN
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Title: Authorized Agent
KZH CypressTree-1 LLC
c/o The Chase Manhattan Bank
450 West 33rd Street, 15th Floor
New York, NY 10001
Attention: Virginia Conway
Telecopy: (212) 946-7776
KZH SOLEIL-2 LLC
By /s/PETER CHIN
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Title: Authorized Agent
KZH Soleil-2 LLC
c/o The Chase Manhattan Bank
450 West 33rd Street
New York, NY 10001
Attention: Virginia Conway
Telecopy: (212) 946-7776
THE LONG TERM CREDIT BANK OF JAPAN LIMITED, LOS
ANGELES AGENCY
By
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Title:
The Long Term Credit Bank of Japan Limited, Los Angeles
Agency
350 South Grand Avenue, Suite 3000
Los Angeles, CA 90071
Telecopy: (213) 622-6908
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By /s/ WALTER T. DWYER
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Title: Managing Director
Massachusetts Mutual Life Insurance Company
1295 State Street, First Floor
Springfield, MA 01111
Telecopy: (413) 744-6127
MASSMUTUAL HIGH YIELD PARTNERS II, LLC
By /s/ WALTER T. DWYER
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Title: Managing Director
MassMutual High Yield Partners II, LLC
c/o Massachusetts Mutual Life
1295 Spring Street, First Floor
Springfield, MA 01111
Telecopy: (413) 744-6127
MELLON BANK, N.A., AS TRUSTEE FOR THE GENERAL MOTORS
CASH MANAGEMENT MASTER TRUST
By Mellon Bank, N.A., solely in its capacity as Trustee
for the General Motors Cash Management Master Trust (as
directed by Shenkman Capital Management, Inc.) and not
in its individual capacity, as Assignee
By
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Title:
Mellon Bank, N.A., as Trustee for General Motors Cash
Management Master Trust
c/o Mellon Trust Investment Manager Relations
One Mellon Bank Center, Mail Stop #151-3346
Pittsburgh, PA 15258-0001
Attn: Laurie Adams
with a copy to: Shenkman Capital Management
461 Fifth Avenue
New York, NY 10017
Attn: Niall Rosenzweig
Telecopy: (212) 867-9106
MERRILL LYNCH DEBT STRATEGIES PORTFOLIO
By: Merrill Lynch Asset Management, L.P., as Investment
Advisor
By
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Title:
Merrill Lynch Debt Strategies Portfolio
c/o Merrill Lynch Asset Management, L.P.
800 Scudders Mill Road, Area 1B
Plainsboro, NJ 08536
Telecopy: (609) 282-3542
MERRILL LYNCH GLOBAL INVESTMENT SERIES: INCOME
STRATEGIES PORTFOLIO
By: Merrill Lynch Asset Management, L.P.
By
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Title:
Merrill Lynch Global Investment Series:
Income Strategies Portfolio
c/o Merrill Lynch Asset Management, L.P.
800 Scudders Mill Road, Area 1B
Plainsboro, NJ 08536
Telecopy: (609) 282-3542
MORGAN GUARANTY TRUST COMPANY OF NEW YORK
By
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Title:
Morgan Guaranty Trust Company of New York
60 Wall Street
New York, New York 10260
Telecopy: (212) 648-5197
MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST
By
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Title: Vice President
Prime Income Trust
c/o Dean Witter InterCapital, Inc.
Two World Trade Center, 72nd Floor
New York, NY 10048
Telecopy: (212) 392-5345
NATEXIS
By /s/EVAN B. KRAUS
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Title: Assistant Vice President
By /s/CYNTHIA E. BACHS
---------------------
Title: VP Group Manager
Natexis
645 Fifth Avenue
New York, NY 10022
Telecopy: (212) 872-5045
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities GenPar, L.P., its General Partner
By: Oak Hill Securities MPG, Inc., its General Partner
By
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Title:
Oak Hill Securities Fund, L.P.
Park Avenue Tower
65 East 55th Street, 32nd Floor
New York, NY 10022
Telecopy: (212) 593-3596
OSPREY INVESTMENTS PORTFOLIO
By: Citibank, N.A., as Manager
By
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Title:
Osprey Investments Portfolio
599 Lexington Avenue
26th Floor, Zone 10
New York, NY 10043
Telecopy: (212) 793-1871
PARIBAS
By /s/ DARLYNN ERNST KITCHNER
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Title: Vice President
By /s/ THOMAS G. BRANDT
---------------------
Title: Director
Paribas
2029 Century Park East, Suite 3900
Los Angeles, CA 90067
Telecopy: (310) 556-3762
PROTECTIVE
By
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Title:
Protective
1150 Two Galleria Tower
12455 Noel Road, LB#45
Dallas, TX 76240
Telecopy: (972) 233-4343
SENIOR DEBT PORTFOLIO
By: Boston Management and Research, as Investment Advisor
By
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Title:
Senior Debt Portfolio
c/o Boston Management and Research
24 Federal Street, 6th Floor
Boston, MA 02110
STATE STREET BANK AND TRUST COMPANY, AS TRUSTEE FOR
GENERAL MOTORS WELFARE BENEFITS TRUST
By
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Title:
State Street Bank and Trust Company
Global Investment Manager Services Division
One Enterprise Drive W6C
North Quincy, MA 02171
Attn: Adam Antonik
with a copy to: Shenkman Capital Management
461 Fifth Avenue
New York, NY 10017
Attn: Niall Rosenzweig
Telecopy: (212) 867-9106
SUMMIT BANK
By
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Title:
Summit Bank
512 Township Line Road, Suite 280
Blue Bell, PA 19422
Telecopy: (215) 619-4820
SUNTRUST BANK, CENTRAL FLORIDA, N.A.
By
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Title:
Suntrust Bank, Central Florida, N.A.
200 South Orange Ave.
MC 1109
Orlando, FL 32801
Telecopy: (407) 237-5126
TRANSAMERICA
By
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Title:
Transamerica
1100 South Olive Street, Suite 2700
Los Angeles, CA 90015
Telecopy: (213) 742-4160
THE TRAVELERS INSURANCE COMPANY
By /s/ JORDAN M. STITZER
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Title: Vice President Company
The Travelers Insurance Company
One Tower Square
Hartford, CT 06183-2030
Telecopy: (860) 954-3730
UNION BANK OF CALIFORNIA
By /s/ MICHAEL K. MCSHANE
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Title: Senior Vice President
Union Bank of California
445 South Figueroa Street
Los Angeles, CA 90071
Telecopy: (213) 236-5747
VAN KAMPEN PRIME RATE INCOME TRUST
By /s/ LISA M. MINCHESKI
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Title: Vice President
Van Kampen Prime Rate Income Trust
One Parkview Plaza, 6th Floor
Oakbrook Terrace, IL 60181
Telecopy: (630) 684-6740
VAN KAMPEN SENIOR INCOME TRUST
By /s/ LISA M. MINCHESKI
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Title: Vice President
Van Kampen Senior Income Trust
One Parkview Plaza, 6th Floor
Oakbrook Terrace, IL 60181
Telecopy: (630) 684-6740
VAN KAMPEN CLO II, LIMITED
By: Van Kampen Management, Inc.,
as Collateral Manager
By /s/ LISA M. MINCHESKI
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Title: Vice President
Van Kampen CLO II, Limited
One Parkview Plaza, 6th Floor
Oakbrook Terrace, IL 60181
Telecopy: (630) 684-6740