EXHIBIT 10.7
FIRST AMENDMENT TO
AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT
OF
INSIGHT KENTUCKY PARTNERS II, L.P.
THIS FIRST AMENDMENT TO AMENDED AND RESTATED LIMITED PARTNERSHIP
AGREEMENT ("First Amendment") is made and entered into as of January 5, 2001
by and among INSIGHT KENTUCKY PARTNERS I, L.P., a Delaware limited partnership
("Insight Kentucky I"), as general partner, and INSIGHT KENTUCKY CAPITAL, LLC, a
Delaware limited liability company ("Insight Kentucky Capital" and, collectively
with Insight Kentucky I, the "Parties"), as limited partner.
PRELIMINARY STATEMENT
Pursuant to that certain Asset Contribution Agreement dated as of
August 15, 2000, by and among TCI of Indiana Holdings, LLC and certain of its
affiliates, Insight Communications Company, L.P., and Insight Midwest, L.P. (as
amended, the "Asset Contribution Agreement"), immediately prior to the closing
under the Asset Contribution Agreement, Insight Midwest, L.P. contributed to
Insight Midwest Holdings, LLC its 99.999% general partnership interest in
Insight Communications of Kentucky, L.P., the sole general partner of Insight
Kentucky I, which in turn is the sole general partner of Insight Kentucky
Partners II, L.P. (the "Partnership").
Effective immediately following the closing under the Asset
Contribution Agreement, the Parties desire to amend the Amended and Restated
Limited Partnership Agreement of the Partnership (the "Limited Partnership
Agreement") as set forth herein.
NOW, THEREFORE, the Parties agree as follows:
1. Definitions. All capitalized terms used herein and not otherwise
defined herein shall have the same meanings assigned to them in the Limited
Partnership Agreement. All section references refer to the sections of the
Limited Partnership Agreement unless otherwise expressly indicated.
2. Section 1.1. The definition of "Insight Midwest Partnership
Agreement" in Section 1.1 is amended in its entirety to read as follows:
""Insight Midwest Partnership Agreement" means the Amended and
Restated Limited Partnership Agreement of Insight Midwest, L.P. dated as of
January 5, 2001, as it may be amended from time to time."
3. Section 2.2(b). Section 2.2(b) is amended in its entirety to read
as follows:
"(b) The Partnership shall not conduct business under the name
"Tele-Communications, Inc.," "TCI," "AT&T" or any variation thereof without the
approval of TCI. The parties agree that "Communications" is not a variation of
"Tele-Communications, Inc." for purposes of this Section 2.2(b)."
4. Section 2.3. Section 2.3 is amended in its entirety to read as
follows:
"2.3 Principal and Registered Office.
The office required to be maintained by the Partnership in the
State of Delaware pursuant to Section 17-104 of the Act shall initially be
located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
The resident agent of the Partnership pursuant to Section 17-104 of the Act
shall initially be The Corporation Trust Company. The Partnership may, upon
compliance with the applicable provisions of the Act, change its principal
office or resident agent from time to time in the discretion of the General
Partner. The principal office of the Partnership shall be located at ▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at such other place as the General Partner
shall from time to time designate by written notice to the other Partner. The
Partnership may conduct business at such additional places as the General
Partner shall deem advisable."
5. Section 7.1(a). Section 7.1(a) is amended in its entirety to read
as follows:
"(a) Subject to Section 5.1 of this Agreement, no sale,
assignment, transfer or other disposition (any or all of the foregoing, a
"Transfer") of a Partnership Interest will be effective nor will any purported
Transferee become a Partner or otherwise be entitled to any attributes of
ownership of the Partnership purportedly Transferred unless such Transfer is
made in accordance with the provisions of this Article 7 and the transferor and
Transferee have complied with the following conditions:
(1) the transferor has executed and delivered to the
Partnership a copy of the assignment of the Partnership Interest to Transferee
in form and substance satisfactory to the Partnership;
(2) the Transferee, if not already a party to this
Agreement, becomes a party to this Agreement, assumes all of the obligations
hereunder of its transferor and agrees to be bound by the terms and conditions
hereof in the same manner as the transferor."
6. Section 12.1(a). Section 12.1(a) is amended in its entirety to
read as follows:
"(a) Subject to Section 5.1 of this Agreement, this Agreement may only
be modified or amended with the consent of both Partners."
7. Section 13.4. Section 13.4 is amended in its entirety to read as
follows:
"13.4 Notices, Etc.
All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed effectively given or delivered upon
personal delivery, confirmation of telex or telecopy, or receipt (which may be
evidenced by a return receipt if sent by registered mail), addressed (a) if to
either Partner, at the address of such Partner set forth on Schedule I or at
such other address as such Partner shall have furnished to the Partnership in
writing, (b) if to the Partnership, at ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇
▇▇▇▇▇."
8. Schedule I. Schedule I is amended in its entirety to read as set forth
in Schedule I attached to this First Amendment.
9. Authority. The Parties acknowledge and agree that they are entering
into this First Amendment pursuant to Section 12.1 of the Limited Partnership
Agreement.
10. Effect of Amendment. Except as amended hereby, the Limited Partnership
Agreement shall remain unchanged and in full force and effect, and this First
Amendment shall be governed by and subject to the terms of the Limited
Partnership Agreement, as amended hereby. From and after the date of this First
Amendment, each reference in the Limited Partnership Agreement to "this
Agreement," "hereof," "hereunder" or words of like import, and all references to
the Limited Partnership Agreement in any and all agreements, instruments,
documents, notes, certificates and other writings of every kind and nature
(other than in this First Amendment or as otherwise expressly provided) shall be
deemed to mean the Limited Partnership Agreement, as amended by this First
Amendment.
11. General. This First Amendment: (a) shall be binding on the executors,
administrators, estates, heirs, and legal successors of the Parties; (b) shall
be governed by and construed in accordance with the laws of the State of
Delaware, without regard to conflicts of law principles thereunder; (c) may be
executed in more than one counterpart as of the day and year first above
written.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have duly executed this First
Amendment as of the date first above written.
INSIGHT KENTUCKY PARTNERS I, L.P.
By: Insight Communications of Kentucky, L.P., its
general partner
By: Insight Midwest Holdings, LLC, its general
partner
By: Insight Midwest, L.P., its sole member
By: Insight Communications Company, L.P., its
general partner
By: Insight Communications Company, Inc., its
general partner
By: ____________________________
Name:
Title:
INSIGHT KENTUCKY CAPITAL, LLC
By: Insight Communications Company, L.P., its
authorized member
By: Insight Communications Company, Inc., its
general partner
By: ____________________________
Name:
Title:
SCHEDULE I
TO
LIMITED PARTNERSHIP AGREEMENT
ADDRESSES OF THE PARTNERS
Insight Kentucky Partners I, L.P.
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Copy to Attention: Insight Legal Department
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Insight Kentucky Capital, LLC
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Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇
Copy to Attention: Insight Legal Department
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