May 17, 2007 Messrs. L. Lowry Mays Mark P. Mays, and Randall T. Mays 200 East Basse Road San Antonio, Texas 78209 Dear Lowry/Mark/Randall:Employment Agreement • June 2nd, 2008 • C C Media Holdings Inc • Radio broadcasting stations • Delaware
Reference is made to (i) the Agreement and Plan of Merger, dated as of November 16, 2006, as amended through the date hereof (the “Merger Agreement”), by and among BT Triple Crown Merger Co., Inc., B Triple Crown FinCo., LLC, T Triple Crown FinCo., LLC, and Clear Channel Communications Inc. (“CCU”) and (ii) the letter agreement dated November 16, 2006 between each of you and B Triple Crown FinCo., LLC and T Triple Crown FinCo., LLC (together, the “Parents”) as amended by that certain extension letter dated March 16, 2007 (such letter agreement, as so amended, the “November Letter Agreement”) relating to the Merger Agreement. All capitalized terms not defined herein shall have the meaning set forth in the November Letter Agreement.
CREDIT AGREEMENT Dated as of May 13, 2008 among BT TRIPLE CROWN MERGER CO., INC. (to be merged with and into Clear Channel Communications, Inc.), as Parent Borrower, the Subsidiary Co-Borrowers party hereto, the Foreign Subsidiary Revolving Borrowers...Credit Agreement • June 2nd, 2008 • C C Media Holdings Inc • Radio broadcasting stations • New York
This CREDIT AGREEMENT (“Agreement”) is entered into as of May 13, 2008 among BT TRIPLE CROWN MERGER CO., INC., a Delaware corporation (“Merger Sub”) to be merged with and into Clear Channel Communications, Inc. (“Parent Borrower”), upon consummation of the Merger, CLEAR CHANNEL CAPITAL I, LLC, a Delaware limited liability company (“Holdings”), the Subsidiary Co-Borrowers (as defined below), the Foreign Subsidiary Revolving Borrowers (as defined below) from time to time party hereto, CITIBANK, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”).
CREDIT AGREEMENT Dated as of May 13, 2008 among BT TRIPLE CROWN MERGER CO., INC. (to be merged with and into Clear Channel Communications, Inc.), as Parent Borrower, the Several Subsidiary Borrowers party hereto, CLEAR CHANNEL CAPITAL I, LLC, as...Credit Agreement • June 2nd, 2008 • C C Media Holdings Inc • Radio broadcasting stations • New York
This CREDIT AGREEMENT (“Agreement”) is entered into as of May 13, 2008 among BT TRIPLE CROWN MERGER CO., INC., a Delaware corporation (“Merger Sub”) to be merged with and into Clear Channel Communications, Inc. (“Parent Borrower”), the Subsidiary Borrowers (as defined below) from time to time party hereto (together with the Parent Borrower, the “Borrowers”), upon consummation of the Merger, CLEAR CHANNEL CAPITAL I, LLC, a Delaware limited liability company (“Holdings”), CITIBANK, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”).
