Common use of THEY STATE Clause in Contracts

THEY STATE. I.- That on 6 may 1999, the Borrowers (which included the companies Huelva de Cable y Televisión, S.A., Cádiz de Cable y Televisión, S.A., Cable y Televisión de El Puerto, S.A., Cable y Televisión de Andalucía, S.A., Corporación Mallorquina de Cable, S.A., Albacete Sistemas de Cable, S.A., Santander de Cable, S.A. and TDC Sanlúcar, S.A. (even if Santander de Cable, S.A. and TDC Sanlúcar, S.A. became Borrowers on a subsequent date) which were absorbed by Cableuropa, the universal successor of all of the companies’ rights and obligations) and Ono Finance executed a subordinated multi-borrower credit facility (the “Original Facility”), whereby the Borrowers received from Ono Finance a facility for a maximum of 123,071,054.35 Euros, undertaking to pay to Ono Finance upon any payment or prepayment of principal made by the Borrowers under the Original Facility, apart from the principal, 1,928,945.65 Euros as a maintenance and repayment fee, the aggregate being 125,000,000.

THEY STATE. I.- That on 6 may 1999, the Borrowers (which included the companies Huelva de Cable y Televisión, S.A., Cádiz de Cable y Televisión, S.A., Cable y Televisión de El Puerto, S.A., Cable y Televisión de Andalucía, S.A., Corporación Mallorquina de Cable, S.A., Albacete Sistemas de Cable, S.A., Santander de Cable, S.A. and TDC Sanlúcar, S.A. (even if Santander de Cable, S.A. and TDC Sanlúcar, S.A. became Borrowers on a subsequent date) which were absorbed by Cableuropa, the universal successor of all of the companies’ rights and obligations) and Ono Finance executed a subordinated multi-borrower credit facility (the “Original Facility”), whereby the Borrowers received from Ono Finance a facility for a maximum of 123,071,054.35 Euros270,756,319.58 US Dollars, undertaking to pay to Ono Finance upon any payment or prepayment of principal made by the Borrowers under the Original Facility, apart from the principal, 1,928,945.65 Euros 4,243,680.42 US Dollars as a maintenance and repayment fee, the aggregate being 125,000,000275,000,000 US Dollars.