EXHIBIT 10.22
SECOND AMENDMENT
     SECOND AMENDMENT (this “Amendment”), dated as of January 24, 2007, to the
Credit Agreement dated as of November 4, 2005 (the “Credit Agreement”), among
LIN Television Corporation, a Delaware corporation (the “Borrower”),
Televicentro of Puerto Rico, LLC, a Delaware limited liability company (the
“Permitted Borrower”), the several banks and other institutions from time to
time parties thereto (the “Lenders”), JPMorgan Chase Bank, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), as an
issuing lender (in such capacity, an “Issuing Lender”), and as swingline lender
(in such capacity, the “Swingline Lender”), Deutsche Bank Trust Company
Americas, as syndication agent (in such capacity, the “Syndication Agent”) and
as an Issuing Lender, Goldman Sachs Credit Partners, L.P., Bank of America, N.A.
and Wachovia Bank, National Association as documentation agents (in such
capacity, each a “Documentation Agent”), and The Bank of Nova Scotia and
SunTrust Bank, as co-documentation agents (in such capacity, each a
“Co-Documentation Agent”), and J.P. Morgan Securities Inc. and Deutsche Bank
Securities Inc., as joint lead arrangers and joint bookrunners.
W I T N E S S E T H:
     WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make,
and have made, certain loans and other extensions of credit to the Borrowers;
     WHEREAS, the Borrowers have requested that certain provisions of the Credit
Agreement be amended as set forth herein; and
     WHEREAS, the Lenders are willing to agree to such amendment on the terms
set forth herein;
     NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, the undersigned hereby agree as follows:

  I.   Defined Terms. Terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement.     II.  
Amendments to Section 1.

  (a)   Section 1 is hereby amended by:

(i) deleting the following definitions: “Borrower Delayed-Draw Term Loan
Commitment”, “Permitted Borrower” and “Permitted Borrower Delayed-Draw Term Loan
Commitment”;
(ii) deleting the phrase “or Permitted Borrower, as applicable,” in the
definitions of “Applicable Margin” and “Commitment Fee Rate”;
(iii) deleting the first sentence of the definition of “Delayed-Draw Term Loan
Commitments” and replacing it with the following sentence: “As to any Lender,
the obligation of such Lender to make a Delayed-Draw Term Loan to the Borrower
hereunder in a principal amount not to exceed the amount set forth under the
heading “Borrower Delayed-Draw Term Loan Commitment” opposite such Lender’s name
on Schedule 1.1A attached hereto.”

 

--------------------------------------------------------------------------------

 

(iv) deleting the phrase “, the Permitted Borrower” in the definition of “Loan
Parties”;
(v) deleting the phrases “or the Permitted Borrower”, “and the Permitted
Borrower” and “or Permitted Borrower” in the definition of “Obligations”;
(vi) deleting the phrase “or the Permitted Borrower, as the case may be” in the
definition of “Responsible Officer”; and
(vii) deleting the phrase “and the Permitted Borrower” in the definition of
“Term Loans”.

  (b)   Section 1 is further amended by inserting in appropriate alphabetical
order the following definition:

“Permitted Sale”: the sale by the Borrower of the Permitted Borrower and certain
other Subsidiaries of the Borrower pursuant to, and the other transactions
contemplated by, the Stock Purchase Agreement dated October 18, 2006, between
the Borrower and InterMedia Partners VII, L.P.

  III.   Amendments to Section 2.

  (a)   Section 2.1 is hereby amended by:

(i) deleting the phrases “and the Permitted Borrower”, “, with such Delayed
Draw-Term Loans to be apportioned between the Borrower and the Permitted
Borrower, as specified in a notice from the Borrower” and the last two sentences
in clause (a);
(ii) deleting the phrases “, the Permitted Borrower”, “and the Permitted
Borrower”, and “or Permitted Borrower, as applicable,” and the last sentence in
clause (b); and
(iii) deleting the phrase “and the Permitted Borrower, as applicable” in clause
(c).

  (b)   Section 2.2. is hereby amended by:

(i) deleting the phrases “or the Permitted Borrower (as the case may be)” and
“and the Permitted Borrower” each time each of them appears in clause (a); and
(ii) deleting the phrases “or the Permitted Borrower, as the case may be,” and
“or the Permitted Borrower, as applicable,” and “or Permitted Borrower, as
applicable,” each time each of them appears in clause (b).

  (c)   Section 2.3 is hereby amended by:

 

--------------------------------------------------------------------------------

 

(i) deleting the phrases “and the Delayed-Draw Term Loan of each Lender made to
the Permitted Borrower”, “and the Permitted Borrower, respectively,” and the
last two sentences in clause (a) and inserting the phrase “or apportioned” after
the word “made” in clause (a); and
(ii) deleting the last two sentences in clause (b).

  (d)   Section 2.7 is hereby amended by deleting the phrases “or the Permitted
Borrower” and “or the Permitted Borrower, as applicable” in clause (c).     (e)
  Section 2.8 is hereby amended by deleting the phrases “or the Permitted
Borrower, in the case of the Term Loans”, “or the Permitted Borrower, as
applicable” and “or the Permitted Borrower” each time each of them appears and
deleting the last sentence in its entirety.     (f)   Section 2.9 is hereby
amended by:

(i) deleting the penultimate sentence in its entirety in clause (b); and
(ii) deleting the phrase “or the Permitted Borrower, as the case may be,” each
time it appears in clause (d).

  (g)   Section 2.10 is hereby amended by:

(i) deleting the phrases “and the Permitted Borrower”, “or Permitted Borrower,
as applicable” and “or Permitted Borrower” each time each of them appears in
clause (a); and
(ii) deleting the phrase “or Permitted Borrower” each time it appears in clause
(b).

  (h)   Section 2.13 is hereby amended by deleting the phrase “, the Permitted
Borrower” each time it appears.     (i)   Section 2.14 is hereby amended by:

(i) deleting the phrase “and the Permitted Borrower” in clause (a); and
(ii) deleting the phrases “, the Permitted Borrower” and “or the Permitted
Borrower” in the last paragraph.

  (j)   Section 2.15 is hereby amended by:

(i) deleting the phrase “, or in the case of the Delayed-Draw Term Loan Facility
or an Incremental Term Loan Facility, the Permitted Borrower” in clause (a);
(ii) deleting the phrase “or, as the case may be, the Permitted Borrower” in
clause (b); and
(iii) deleting the phrase “, and each payment (including each prepayment) on
account of principal of and interest on the Delayed-Draw

 

--------------------------------------------------------------------------------

 

Term Loans or any Incremental Term Loans made to the Permitted Borrower” and
deleting the phrase “or the Permitted Borrower” in clause (d) and inserting the
phrase “or apportioned” after the word “made” each time it appears in clause
(d).

  (k)   Section 2.16 is hereby amended by:

(i) deleting the phrases “or the Permitted Borrower, as the case may be,” and
“or the Permitted Borrower” each time each of them appears in clause (a);
(ii) deleting the phrase “or the Permitted Borrower” each time it appears in
clause (b); and
(iii) deleting the phrase “and the Permitted Borrower” in clause (c).

  (l)   Section 2.17 is hereby amended by:

(i) deleting the phrase “or Permitted Borrower” and the phrase “or Permitted
Borrower, as the case may be,” each time each of them appears in clause (a); and
(ii) deleting the phrases “, the Permitted Borrower”, “or the Permitted
Borrower, as the case may be,” and “or the Permitted Borrower” each time each of
them appears in clause (b).

  (m)   Section 2.18 is hereby amended by deleting the phrases “or the Permitted
Borrower” and “or the Permitted Borrower, as applicable,” each time each of them
appears.     (n)   Section 2.19 is hereby amended by deleting the phrases “or on
behalf of the Permitted Borrower” and “or the Permitted Borrower”.     (o)  
Section 2.20 is hereby amended by deleting the phrase “or the Permitted
Borrower, as the case may be,” each time it appears.

  IV.   Amendments to Section 4.

  (a)   Section 4 is hereby amended by deleting the phrase “and the Permitted
Borrower” in the lead-in.     (b)   Section 4.1 is hereby amended by deleting
the phrases “(i)” and “, in each case” and subclause (ii) in its entirety.    
(c)   Section 4.4 is hereby amended by deleting the phrase “and the Permitted
Borrower” each time it appears.     (d)   Section 4.8 is hereby amended by
deleting the phrase “and the Permitted Borrower”.

  V.   Amendment to Section 5. Section 5.3 is hereby amended by deleting the
phrase “or the Permitted Borrower” and “or the Permitted

Borrower, as applicable,”.

 

--------------------------------------------------------------------------------

 

  VI.   Amendment to Section 6. Section 6 is hereby amended by deleting the
phrases “Each of”, “and (with respect to subsections 6.2(e), 6.3, 6.4, 6.5, 6.6
and 6.8 only) the Permitted Borrower”, “each of” and “and the Permitted
Borrower” in the lead-in.

  VII.   Amendments to Section 7.

  (a)   Section 7.4 is hereby amended by:

(i) deleting the phrase “; and” at the end of clause (c);
(ii) deleting the “.” at the end of clause (d) and replacing it with the phrase
“; and”; and
(iii) inserting a new clause (e) reading in its entirety as follows:
“(e) the Permitted Sale.”

  (b)   Section 7.5 is hereby amended by:

(i) deleting the phrase “; and” at the end of clause (i);
(ii) deleting the “.” at the end of clause (j) and replacing it with the phrase
“; and”; and
(iii) inserting a new clause (k) reading in its entirety as follows:

        “(k) the Permitted Sale.”

  (c)   Section 7.10(b)(ii) is hereby amended by deleting the phrase “and the
Permitted Borrower” and inserting the word “and” in lieu

of the “,” before the phrase “the Borrower”.

  VIII.   Amendments to Section 8. Section 8 is hereby amended by deleting the
phrases “or the Permitted Borrower, as applicable,” and “or the Permitted
Borrower”, each time each of them appears.     IX.   Amendments to Section 10.

  (a)   Section 10.2 is hereby amended by deleting the phrases “, the Permitted
Borrower” and “and the Permitted Borrower”.     (b)   Section 10.6 is hereby
amended by:

(i) deleting the phrase “neither the Borrower nor the Permitted Borrower may”
and replacing it with the phrase “the Borrower may not”, deleting the phrase
“other than as provided in the last two sentences of Section 2.1(a) and in the
last sentence of Section 2.1(b)” and deleting the phrase “or the Permitted
Borrower” in clause (a);
(ii) deleting the proviso in clause (b)(ii)(B);
(iii) deleting the phrase “, the Permitted Borrower” in clause (c);

 

--------------------------------------------------------------------------------

 

(iv) deleting the phrase “Each of the Borrower and the Permitted Borrower” and
replacing it with “The Borrower” in clause (e);
(v) deleting the phrase “and the Permitted Borrower” in clause (f).
                       (c)      Section 10.7 is hereby amended by deleting the
phrases “or the Permitted Borrower” and “or the Permitted Borrower, as
applicable”.
                       (d)     Section 10.8 is hereby amended by deleting the
phrase “, the Permitted Borrower”.
                       (e)     Section 10.10 is hereby amended by deleting the
phrase “, the Permitted Borrower”.
                       (f)      Section 10.13 is hereby amended by deleting the
word “either”, and the phrases “or the Permitted Borrower” and “and the
Permitted Borrower”.
                       (g)     Section 10.14 is hereby amended by deleting the
phrase “, THE PERMITTED BORROWER”.
                       (h)    Section 10.18 is hereby amended by deleting the
phrases “and the Permitted Borrower” and “or the Permitted Borrower, as the case
may be,”.
     X. Amendment to Section 11. Section 11 is hereby amended by deleting it in
its entirety and replacing it with “[Reserved.]”.
     XI. Notice of Apportionment of Delayed-Draw Term Loans. In accordance with
Section 2.1(a) of the Credit Agreement, the Borrower hereby notifies the
Administrative Agent that, with effect from immediately prior to the Effective
Date, 100% of the Delayed-Draw Term Loans shall be apportioned to the Borrower.
     XII. Effective Date. This Amendment shall become effective as of, and with
effect from, the date on which (i) the Borrower shall have delivered a notice to
the Administrative Agent pursuant to Section 2.8 of the Credit Agreement stating
that the Borrower will prepay Delayed-Draw Term Loans (and interest thereon) in
an amount equal to the excess of (x) the Adjusted Net Cash Proceeds received by
the Borrower at the closing of the Permitted Sale over (y) $60,000,000 and shall
have prepaid the Delayed-Draw Term Loans in such amount and (ii) the Borrower,
the Permitted Borrower and the Required Lenders under the Credit Agreement shall
have duly executed and delivered to the Administrative Agent this Amendment (it
being understood and agreed that, upon such execution and such delivery to the
Administrative Agent, the requirements of this clause (ii) shall be deemed to
have been satisfied) (the “Effective Date”). Notwithstanding the provisions of
Section 2.8 of the Credit Agreement to the contrary, the Borrower may, at its
option, make the prepayment referred to in clause (i) above on the same date on
which it delivers the notice referred to in clause (i) above.
     XIII. Release of Permitted Borrower and Certain Other Loan Parties. Upon
the Effective Date, (i) the Permitted Borrower shall be released from the Credit
Agreement and the other Loan Documents, (ii) each of the Permitted Borrower, LIN
Television of San Juan, Inc., and WAPA America, Inc. and each of their
respective Subsidiaries (collectively, the “Released Guarantors”) shall be
released from its guarantee and other obligations under the Guarantee and
Collateral Agreement and the other Loan Documents, (iii) the Administrative
Agent’s security interest in any collateral pledged by any of the Released
Guarantors pursuant to the Guarantee and Collateral Agreement and the other Loan

 

--------------------------------------------------------------------------------

 

Documents shall be released, (iv) the security interest in the Capital Stock of
each of the Released Guarantors and S&E Network, Inc. pledged under the
Guarantee and Collateral Agreement and the other Loan Documents shall be
released and (v) each Released Guarantor shall cease to be a Grantor, Guarantor,
Subsidiary Guarantor or Loan Party under the Credit Agreement and the other Loan
Documents, in each case, automatically and without the need for any further
action on the part of any party to any Loan Document.
     XIV. Representations and Warranties. The Borrower hereby represents and
warrants that after giving effect to this Amendment, no Default or Event of
Default shall have occurred and be continuing.
     XV. No Other Amendments; Confirmation. Except as expressly amended hereby,
the provisions of the Credit Agreement and the other Loan Documents, as amended
and restated, are and shall remain in full force and effect.
     XVI. Governing Law. This Amendment and the rights and obligations of the
parties hereto shall be governed by, and construed and interpreted in accordance
with, the laws of the State of New York.
     XVII. Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. This Amendment may be delivered by facsimile transmission of the
relevant signature pages hereof.

 

--------------------------------------------------------------------------------

 

     IN WITNESS WHEREOF, the undersigned have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date first
above written.

            LIN TELEVISION CORPORATION
      By:   /s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:  
President & CEO    

            TELEVICENTRO OF PUERTO RICO LLC
By: LIN TELEVISION OF SAN JUAN, INC., its managing member                    
By:   /s/ Vincent L. Sadusky      Name:   Vincent L. Sadusky     Title:  
President & CEO  

 

--------------------------------------------------------------------------------

 

         

            JPMORGAN CHASE BANK, N.A., individually and as
Administrative Agent, Swingline Lender and Issuing
Lender
      By:   /s/ Tracey Navin Ewing     Name:   Tracey Navin Ewing     Title:  
Vice President  

 

--------------------------------------------------------------------------------

 

         

            DEUTSCHE BANK TRUST COMPANY AMERICAS, individually and as
Syndication Agent and an Issuing Lender
      By:   /s/ Susan LeFevre     Name:   Susan LeFevre     Title:   Director  
          By:   /s/ Evelyn Thierry     Name:   Evelyn Thierry     Title:   Vice
President  

 

--------------------------------------------------------------------------------

 

         

            GOLDMAN SACHS CREDIT PARTNERS L.P., individually and as
Documentation Agent
      By:   /s/ Elizabeth Fischer     Name:   Elizabeth Fischer     Title:  
Authorized Signatory  

 

--------------------------------------------------------------------------------

 

         

            BANK OF AMERICA, N.A., individually and as
Documentation Agent
      By:   /s/ John Margetanski     Name:   John Margetanski     Title:   Vice
President  

 

--------------------------------------------------------------------------------

 

         

            THE BANK OF NOVA SCOTIA, individually and as
Co-Documentation Agent
      By:   /s/ Brenda S. Insull      Name:   Brenda S. Insull      Title:  
Authorized Signatory   

 

--------------------------------------------------------------------------------

 

         

            SUNTRUST BANK, individually and as Co-Documentation Agent
      By:   /s/ Kip Hurd      Name:   Kip Hurd      Title:   Director   

 

--------------------------------------------------------------------------------

 

         

            SCOTIABANC INC., as Lender
      By:   /s/ William E. Zarrett      Name:   William E. Zarrett      Title:  
Managing Director   

 

--------------------------------------------------------------------------------

 

         

            THE ROYAL BANK OF SCOTLAND plc, as Lender
      By:    /s/ Vincent Fitzgerald     Name:    Vincent Fitzgerald     Title:  
 Managing Director  

 

--------------------------------------------------------------------------------

 

         

            BNP PARIBAS, as Lender
      By:    /s/ Greg Bonardi     Name:    Greg Bonardi     Title:    Director  
 

                  By:   /s/ Ola Anderssen       Name:    /s/ Ola Anderssen    
Title:    Director  

 

--------------------------------------------------------------------------------

 

         

            CITIBANK, N.A., as Lender
      By:    /s/ Ken Leosh     Name:    Ken Leosh     Title:      

 

--------------------------------------------------------------------------------

 

         

            SUMITOMO MITSUI BANKING CORPORATION, as Lender
      By:   /s/ Leo E. Pagarigan      Name:   Leo E. Pagarigan      Title:  
Joint General Manager   

 

--------------------------------------------------------------------------------

 

         

            U.S. BANCORP, as Lender
      By:   /s/ Alan McLintock      Name:   Alan McLintock      Title:   Vice
President   

 

--------------------------------------------------------------------------------

 

         

            GENERAL ELECTRIC CAPITAL CORPORATION, as Lender
      By:   /s/ Karl Kieffer     Name: Karl Kieffer     Title: Duly Authorized
Signatory  

 

--------------------------------------------------------------------------------

 

         

            BAYERISCHE LANDESBANK, NEW YORK BRANCH, as Lender
      By:   /s/ Georgina Fioroazisi     Name: Georgina Fioroazisi     Title:
Vice President    

                  By:   /s/ Donna M. Quilty     Name: Donna M. Quilty     Title:
Vice President  

 

--------------------------------------------------------------------------------

 

         

            CREDIT SUISSE FIRST BOSTON, CAYMAN ISLANDS BRANCH, as Lender
      By:   /s/ Doreen Barr     Name: Doreen Barr     Title: Vice President    

                  By:   /s/ James Neira     Name: James Neira     Title:
Associate  

 

--------------------------------------------------------------------------------

 

         

            BANK OF SCOTLAND, as Lender
      By:   /s/ Susan E. Hay     Name:   Susan E. Hay     Title:   Director,
Business Services  

 

--------------------------------------------------------------------------------

 

         

            ALLIED IRISH BANKS, P.L.C., as Lender
      By:   /s/ Joseph Auquatini     Name:   Joseph Auquatini     Title:  
Senior Vice President         By:   /s/ Anthony O’Railly        Senior Vice
President           

 

--------------------------------------------------------------------------------

 

     The Guarantors hereby consent and agree to this Amendment as of the date
hereof and reaffirm their obligations under the Guarantee and Collateral
Agreement, the Guarantee and the other Loan Documents to which they are party.

            LIN TV CORP.
      By:   /s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:  
President & CEO    

            AIRWAVES, INC.
KXAN, INC.
KXTX HOLDINGS, INC.
LINBENCO, INC.
LIN SPORTS, INC.
LIN TELEVISION OF SAN JUAN, INC.
LIN TELEVISION OF TEXAS, INC.
NORTH TEXAS BROADCASTING CORP.
PRIMELAND TELEVISION, INC.
TVL BROADCASTING, INC.
WAPA AMERICA, INC.
WOOD TELEVISION, INC.
WNJX-TV INC.
WTNH BROADCASTING, INC.
      By:   /s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:  
President & CEO    

            INDIANA BROADCASTING, LLC
LIN AIRTIME, LLC
LIN OF ALABAMA, LLC
LIN OF COLORADO, LLC
LIN OF NEW MEXICO, LLC
LIN OF WISCONSIN, LLC
PROVIDENCE BROADCASTING, LLC
WAVY BROADCASTING, LLC
WIVB BROADCASTING, LLC
WOOD LICENSE CO., LLC
WWLP BROADCASTING, LLC
      By:   LIN TELEVISION CORPORATION, their managing member      

                  By:   /s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky  
  Title:   President & CEO  

 

--------------------------------------------------------------------------------

 

         

            TVL BROADCASTING OF RHODE ISLAND, LLC
WDTN BROADCASTING, LLC
WUPW BROADCASTING, LLC
WWHO BROADCASTING, LLC
      By:   TVL BROADCASTING, INC., their managing member           By:  
/s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:   President &
CEO    

            TELEVICENTRO OF PUERTO RICO, LLC
      By:   LIN TELEVISION OF SAN JUAN, its managing member           By:  
/s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:   President &
CEO    

            LIN TELEVISION OF TEXAS, L.P.
      By:   LIN TELEVISION OF TEXAS, INC., its general partner           By:  
/s/ Vincent L. Sadusky     Name:   Vincent L. Sadusky     Title:   President &
CEO