To the Holders of Lender Claims Referred to Below Ladies and Gentlemen:Letter Agreement • December 23rd, 2009 • Citadel Broadcasting Corp • Radio broadcasting stations • New York
This letter agreement (the “Agreement”) sets forth certain terms and conditions pursuant to which Citadel Broadcasting Corporation (“Citadel”) and certain of its domestic subsidiaries (together with Citadel, collectively the “Debtors”) will propose a joint chapter 11 plan of reorganization (a “Plan”) on a consensual basis with the support of the undersigned, which are lenders (the “Lenders”) party to that certain Credit Agreement dated as of June 12, 2007 (as amended, modified or otherwise supplemented from time to time, the “Credit Agreement”), among Citadel, the Lenders, JPMorgan Chase Bank, N.A., as administrative agent thereunder (in such capacity, the “Agent”), and the other parties signatory thereto.
