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 Xxxxx Cable Income Fund 1-B/C Venture, Xxxxx 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/ XXXXXXX X. XXXXXX
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Title: Director
The foregoing is hereby consented and agreed to:
TORONTO DOMINION (TEXAS) INC.
By /s/ XXXXXXX X. XXXXX
---------------------
Title: Vice President
Toronto Dominion (Texas) Inc.
000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
NATIONSBANK, N.A.
By
---------------------
Title:
Bank of America National Trust &
Savings Association
Communications Finance
Unit 0000
000 Xxxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Attn: Xxxx Xxxxxxxxxxx
Telecopy: (000) 000-0000
with a copy to: NationsBank, N.A.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, XX 00000
Attn: Xxx Xxxxxx
Telecopy: (000) 000-0000
THE CHASE MANHATTAN BANK
By
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Title:
The Chase Manhattan Bank
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
BANK OF AMERICA, N.A. (f/k/a
BANK OF AMERICA NATIONAL TRUST & SAVINGS ASSOCIATION)
By /s/ XXXXXXXX XXXXXX
---------------------
Title: Managing Director
Bank of America, N.A.
Communications Finance Division
000 Xxxx Xx., 00xx Xxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxxx Xxxxxx
Xxxx Xxxx
Telecopy: (000) 000-0000
ABN AMRO BANK N.V.
By /s/ XXXXXX X. XXXXXX
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Title: Vice President
By /s/ XXXX X. XXX
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Title: Assistant Vice President
ABN AMRO Bank N.V.
000 Xxxxx XxXxxxx, Xxxxx 000
Xxxxxxx, XXX 00000
AG CAPITAL FUNDING PARTNERS, L.P.
By Xxxxxx, Xxxxxx & Co., as Investment Advisor
By
---------------------
Title:
AG Capital Funding Partners, L.P.
c/o Xxxxxx, Xxxxxx & Co.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
ALLSTATE LIFE INSURANCE COMPANY
By
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Title:
By
---------------------
Title:
Its Authorized Signatories
Allstate Life Insurance Company
0000 Xxxxxxx Xxxx, Xxxxx X0X
Xxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
BANQUE NATIONALE DE PARIS
By /s/ XXXXX XXXXXXX
---------------------
Title: Senior Vice President
By /s/ XXXXXX XX
---------------------
Title: Vice President
Banque Nationale de Paris
000 Xxxxx Xxxxxxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
BARCLAYS BANK PLC
By /s/ XXXXXX XXXXXXXX
---------------------
Title: Associate Director
Barclays Bank PLC
000 Xxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
B.D.C. FINANCE L.L.C.
By
---------------------
Title:
Black Diamond Capital Management
One Xxxxxx Park
000 Xxxxx Xxxxx, Xxxxx 000
Xxxx Xxxxxx, XX 00000
Attn: X.X. Xxxxx, CFO
Telecopy: (000) 000-0000
CIBC INC.
By /s/ XXXXX XXXX
---------------------
Title: Executive Director
CIBC Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
CITIZENS BANK OF RHODE ISLAND
By
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Title:
Citizens Bank of Rhode Island
Xxx Xxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
CITY NATIONAL BANK
By
---------------------
Title: Vice President
City National Bank
000 X. Xxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Telecopy: (000) 000-0000
COOPERATIVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A.,
"RABOBANK NEDERLAND", NEW YORK BRANCH
By /s/ XXXXXXX X.X. VAN DER VOORT
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Title: Vice President
By /s/ XXX XXXXX
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Title: Senior Credit Officer
Rabobank Nederland
Media & Telecommunications
000 Xxxxx Xxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXXXXXX XXXXX CREDIT PARTNERS LP
By /s/ XXXXXXX X. XXXXXXXXXX
---------------------
Title: Authorized Signatory
Xxxxxxx Xxxxx Credit Partners LP
00 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxxx
Telecopy: (000) 000-0000
CREDIT LOCAL DE FRANCE
By /s/ XXXXXX X. XXXXX
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Title: Vice President
By /s/ XXXXX X. XXXXXX
---------------------
Title: General Manager
Credit Local de France
000 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
CREDIT LYONNAIS NEW YORK BRANCH
By /s/ XXXX X. XXXXXXXXX
---------------------
Title: Vice President
Credit Lyonnais New York Branch
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
CYPRESSTREE INVESTMENT FUND LLC
By
---------------------
Title:
Cypresstree Investment Fund LLC
000 Xxxx Xxxxxx
Xxxxxx, XX 00000
Telecopy: (000) 000-0000
DEEP ROCK AND COMPANY
By: Xxxxx Xxxxx Management, as Investment Advisor
By /s/ XXXXXX X. XXXXXXXXX
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Title: Vice President
Xxxxx Xxxxx Management
Attn: Prime Rate Reserves
00 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
Telecopy: (000) 000-0000
DRESDNER BANK AG, NEW YORK AND
GRAND CAYMAN BRANCHES
By
---------------------
Title:
Dresdner Bank AG, New York and Grand
Cayman Branches
00 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
XXXXX XXXXX SENIOR INCOME TRUST
By: Xxxxx Xxxxx Management, as Investment Advisor
By /s/ XXXXXX X. XXXXXXXXX
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Title: Vice President
Xxxxx Xxxxx Management
Attn: Prime Rate Reserves
00 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
Telecopy: (000) 000-0000
FIRST DOMINION FUNDING I
By
---------------------
Title:
Texas Commerce Bank, N.A.
000 Xxxxxx, 0xx Xxxxx
Xxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxxxx
Telecopy: (000) 000-0000
with a copy to: First Dominion Funding I
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx Xxxxxxxxx
Telecopy: (000) 000-0000
FLEET NATIONAL BANK
By
---------------------
Title:
Fleet National Bank
Media & Communications Group
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
THE FUJI BANK, LIMITED, LOS ANGELES AGENCY
By
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Title:
The Fuji Bank, Limited, Los Angeles Agency
000 Xxxxx Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
HARCH CAPITAL MANAGEMENT
By
---------------------
Title:
Harch Capital Management
One Park Place
000 XX 00xx Xxxxxx, Xxxxx 000
Xxxx Xxxxx, XX 00000
Telecopy: (000) 000-0000
INDOSUEZ CAPITAL FUNDING IV, L.P.
By: Indosuez Capital Luxembourg, as Collateral Manager
By
---------------------
Title:
Indosuez Capital
0000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Attn: Xxxxxxxxx Xxxxxxxxx
Telecopy: (000) 000-0000
THE INDUSTRIAL BANK OF JAPAN, LIMITED LOS ANGELES AGENCY
By /s/XXXXXXXXX XXXXXXXX
---------------------
Title: General Manager
The Industrial Bank of Japan, Limited Los Angeles Agency
000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
KZH PONDVIEW LLC
By /s/XXXXX XXXX
---------------------
Title: Authorized Agent
KZH III LLC
c/o The Chase Manhattan Bank
000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxx Xxxxxx
Telecopy: (000) 000-0000
KZH CYPRESSTREE-1 LLC
By /s/XXXXX XXXX
---------------------
Title: Authorized Agent
KZH CypressTree-1 LLC
c/o The Chase Manhattan Bank
000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxx Xxxxxx
Telecopy: (000) 000-0000
KZH SOLEIL-2 LLC
By /s/XXXXX XXXX
---------------------
Title: Authorized Agent
KZH Soleil-2 LLC
c/o The Chase Manhattan Bank
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxx Xxxxxx
Telecopy: (000) 000-0000
THE LONG TERM CREDIT BANK OF JAPAN LIMITED, LOS
ANGELES AGENCY
By
---------------------
Title:
The Long Term Credit Bank of Japan Limited, Los Angeles
Agency
000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By /s/ XXXXXX X. XXXXX
---------------------
Title: Managing Director
Massachusetts Mutual Life Insurance Company
0000 Xxxxx Xxxxxx, Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
MASSMUTUAL HIGH YIELD PARTNERS II, LLC
By /s/ XXXXXX X. XXXXX
---------------------
Title: Managing Director
MassMutual High Yield Partners II, LLC
c/o Massachusetts Mutual Life
0000 Xxxxxx Xxxxxx, Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
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 Xxxxxxxx Capital Management, Inc.) and not
in its individual capacity, as Assignee
By
---------------------
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: Xxxxxx Xxxxx
with a copy to: Xxxxxxxx Capital Management
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxxxx
Telecopy: (000) 000-0000
XXXXXXX XXXXX DEBT STRATEGIES PORTFOLIO
By: Xxxxxxx Xxxxx Asset Management, L.P., as Investment
Advisor
By
---------------------
Title:
Xxxxxxx Xxxxx Debt Strategies Portfolio
c/x Xxxxxxx Xxxxx Asset Management, L.P.
000 Xxxxxxxx Xxxx Xxxx, Xxxx 0X
Xxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXXXXXX XXXXX GLOBAL INVESTMENT SERIES: INCOME
STRATEGIES PORTFOLIO
By: Xxxxxxx Xxxxx Asset Management, L.P.
By
---------------------
Title:
Xxxxxxx Xxxxx Global Investment Series:
Income Strategies Portfolio
c/x Xxxxxxx Xxxxx Asset Management, L.P.
000 Xxxxxxxx Xxxx Xxxx, Xxxx 0X
Xxxxxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK
By
---------------------
Title:
Xxxxxx Guaranty Trust Company of New York
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Telecopy: (000) 000-0000
XXXXXX XXXXXXX XXXX XXXXXX PRIME INCOME TRUST
By
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Title: Vice President
Prime Income Trust
c/o Xxxx Xxxxxx InterCapital, Inc.
Two World Trade Center, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
NATEXIS
By /s/XXXX X. XXXXX
---------------------
Title: Assistant Vice President
By /s/XXXXXXX X. XXXXX
---------------------
Title: VP Group Manager
Natexis
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
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
---------------------
Title:
Oak Hill Securities Fund, L.P.
Park Avenue Tower
00 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
OSPREY INVESTMENTS PORTFOLIO
By: Citibank, N.A., as Manager
By
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Title:
Osprey Investments Portfolio
000 Xxxxxxxxx Xxxxxx
00xx Xxxxx, Xxxx 00
Xxx Xxxx, XX 00000
Telecopy: (000) 000-0000
PARIBAS
By /s/ XXXXXXX XXXXX XXXXXXXX
--------------------------
Title: Vice President
By /s/ XXXXXX X. XXXXXX
---------------------
Title: Director
Paribas
0000 Xxxxxxx Xxxx Xxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
PROTECTIVE
By
---------------------
Title:
Protective
1150 Two Galleria Tower
00000 Xxxx Xxxx, XX#00
Xxxxxx, XX 00000
Telecopy: (000) 000-0000
SENIOR DEBT PORTFOLIO
By: Boston Management and Research, as Investment Advisor
By
---------------------
Title:
Senior Debt Portfolio
c/o Boston Management and Research
00 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
STATE STREET BANK AND TRUST COMPANY, AS TRUSTEE FOR
GENERAL MOTORS WELFARE BENEFITS TRUST
By
---------------------
Title:
State Street Bank and Trust Company
Global Investment Manager Services Division
Xxx Xxxxxxxxxx Xxxxx X0X
Xxxxx Xxxxxx, XX 00000
Attn: Xxxx Xxxxxxx
with a copy to: Xxxxxxxx Capital Management
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxxxx
Telecopy: (000) 000-0000
SUMMIT BANK
By
---------------------
Title:
Summit Bank
000 Xxxxxxxx Xxxx Xxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Telecopy: (000) 000-0000
SUNTRUST BANK, CENTRAL FLORIDA, N.A.
By
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Title:
Suntrust Bank, Central Florida, N.A.
000 Xxxxx Xxxxxx Xxx.
MC 1109
Orlando, FL 32801
Telecopy: (000) 000-0000
TRANSAMERICA
By
---------------------
Title:
Transamerica
0000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
THE TRAVELERS INSURANCE COMPANY
By /s/ XXXXXX X. XXXXXXX
---------------------
Title: Vice President Company
The Travelers Insurance Company
Xxx Xxxxx Xxxxxx
Xxxxxxxx, XX 00000-2030
Telecopy: (000) 000-0000
UNION BANK OF CALIFORNIA
By /s/ XXXXXXX X. XXXXXXX
---------------------
Title: Senior Vice President
Union Bank of California
000 Xxxxx Xxxxxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXX XXXXXX PRIME RATE INCOME TRUST
By /s/ XXXX X. XXXXXXXXX
---------------------
Title: Vice President
Xxx Xxxxxx Prime Rate Income Trust
Xxx Xxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXX XXXXXX SENIOR INCOME TRUST
By /s/ XXXX X. XXXXXXXXX
---------------------
Title: Vice President
Xxx Xxxxxx Senior Income Trust
Xxx Xxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
XXX XXXXXX CLO II, LIMITED
By: Xxx Xxxxxx Management, Inc.,
as Collateral Manager
By /s/ XXXX X. XXXXXXXXX
---------------------
Title: Vice President
Xxx Xxxxxx CLO II, Limited
Xxx Xxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxx Xxxxxxx, XX 00000
Telecopy: (000) 000-0000
