EXHIBIT 10.1

Annex A to

Fourth Restatement Agreement

dated as of November 2, 2017

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MCC GEORGIA LLC

MCC ILLINOIS LLC

MCC IOWA LLC

MCC MISSOURI LLC

 

 

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

dated as of November 2, 2017

 

 

JPMORGAN CHASE BANK, N.A.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

WELLS FARGO SECURITIES, LLC

RBC CAPITAL MARKETS

TD SECURITIES (USA) LLC

as Joint Lead Arrangers

JPMORGAN CHASE BANK, N.A.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

WELLS FARGO SECURITIES, LLC

RBC CAPITAL MARKETS1

CREDIT SUISSE SECURITIES (USA) LLC

SUNTRUST ROBINSON HUMPHREY, INC.

TD SECURITIES (USA) LLC

DEUTSCHE BANK SECURITIES INC.

BARCLAYS BANK PLC

CAPITAL ONE, NATIONAL ASSOCIATION

CITIZENS BANK, N.A.

FIFTH THIRD BANK

as Joint Bookrunners

BANK OF AMERICA, N.A.

WELLS FARGO SECURITIES, LLC

RBC CAPITAL MARKETS

TD SECURITIES (USA) LLC

as Co-Syndication Agents

CREDIT SUISSE SECURITIES (USA) LLC

SUNTRUST BANK

DEUTSCHE BANK SECURITIES INC.

BARCLAYS BANK PLC

CAPITAL ONE, NATIONAL ASSOCIATION

CITIZENS BANK, N.A.

FIFTH THIRD BANK

as Co-Documentation Agents

COBANK, ACB,

as Lead Arranger and Bookrunner for the Tranche A-1 Term Loans

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

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1  RBC Capital Markets is a brand name for the Capital Markets business of Royal
Bank of Canada and its affiliates.

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TABLE OF CONTENTS2

 

          Page  

Section 1.

   Definitions and Accounting Matters      1  

1.01

   Certain Defined Terms      1  

1.02

   Accounting Terms and Determinations      27  

1.03

   Classes and Types of Loans      28  

1.04

   Subsidiaries      28  

1.05

   Nature of Obligations of Borrowers      28  

1.06

   Certain References      28  

Section 2.

   Commitments, Loans and Prepayments      28  

2.01

   Commitments and Loans      28  

2.02

   Borrowings      31  

2.03

   Letters of Credit      31  

2.04

   Changes of Commitments      35  

2.05

   Commitment Fee      35  

2.06

   Lending Offices      36  

2.07

   Several Obligations; Remedies Independent      36  

2.08

   Loan Accounts; Promissory Notes      36  

2.09

   Optional Prepayments and Conversions or Continuations of Loans      37  

2.10

   Mandatory Prepayments and Reductions of Commitments      37  

2.11

   Defaulting Lenders      39  

2.12

   Extended Term Loans      39  

2.13

   Loan Buy-backs      40  

Section 3.

   Payments of Principal and Interest      40  

3.01

   Repayment of Loans      40  

3.02

   Interest      43  

3.03

   Determination of Applicable Margin      43  

Section 4.

   Payments; Pro Rata Treatment; Computations; Etc.      44  

4.01

   Payments      44  

4.02

   Pro Rata Treatment      45  

4.03

   Computations      45  

4.04

   Minimum Amounts      45  

4.05

   Certain Notices      46  

4.06

   Non-Receipt of Funds by the Administrative Agent      46  

4.07

   Sharing of Payments, Etc.      47  

Section 5.

   Yield Protection, Etc.      47  

5.01

   Additional Costs      47  

5.02

   Alternate Rate of Interest      49  

5.03

   Illegality      49  

5.04

   Treatment of Affected Loans      49  

 

 

2  This Table of Contents is not part of the Agreement to which it is attached
but is inserted for convenience of reference only.

 

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          Page  

5.05

   Compensation      50  

5.06

   Additional Costs in Respect of Letters of Credit      50  

5.07

   Tax Gross-up      51  

5.08

   Replacement of Lenders      52  

Section 6.

   Conditions Precedent      53  

6.01

   Amendment and Restatement      53  

6.02

   Initial and Subsequent Extensions of Credit      54  

Section 7.

   Representations and Warranties      54  

7.01

   Existence      54  

7.02

   Financial Condition      54  

7.03

   Litigation      55  

7.04

   No Breach      55  

7.05

   Action      55  

7.06

   Approvals      55  

7.07

   ERISA      56  

7.08

   Taxes      56  

7.09

   Investment Company Act      56  

7.10

   Anti-Corruption and Sanctions Laws      56  

7.11

   Material Agreements and Liens      56  

7.12

   Environmental Matters      56  

7.13

   Capitalization      57  

7.14

   Subsidiaries and Investments, Etc.      57  

7.15

   True and Complete Disclosure      57  

7.16

   Franchises      57  

7.17

   The CATV Systems      58  

7.18

   Rate Regulation      59  

7.19

   Use of Credit      59  

7.20

   EEA Financial Institutions      59  

Section 8.

   Covenants of the Borrowers      60  

8.01

   Financial Statements, Etc.      60  

8.02

   Litigation      61  

8.03

   Existence, Etc.      62  

8.04

   Insurance      62  

8.05

   Prohibition of Fundamental Changes      62  

8.06

   Limitation on Liens      66  

8.07

   Indebtedness      67  

8.08

   Investments      67  

8.09

   Restricted Payments      68  

8.10

   Certain Financial Covenants      69  

8.11

   Management Fees      69  

8.12

   Affiliate and Additional Subordinated Indebtedness      70  

8.13

   Lines of Business      71  

8.14

   Transactions with Affiliates      71  

8.15

   Use of Proceeds      71  

8.16

   Certain Obligations Respecting Subsidiaries; Further Assurances      72  

8.17

   Modifications of Certain Documents      73  

8.18

   Additional Tranche A-1 Term Lender Equity and Security      73  

 

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          Page  

Section 9.

   Events of Default      74  

9.01

   Events of Default      74  

9.02

   Certain Cure Rights      77  

Section 10.

   The Administrative Agent      78  

10.01

   Appointment, Powers and Immunities      78  

10.02

   Reliance by Administrative Agent      78  

10.03

   Defaults      79  

10.04

   Rights as a Lender      79  

10.05

   Indemnification      79  

10.06

   Non-Reliance on Administrative Agent and Other Lenders      79  

10.07

   Failure To Act      80  

10.08

   Resignation or Removal of Administrative Agent      80  

10.09

   Consents Under Other Loan Documents      80  

10.10

   Withholding Tax      80  

10.11

   Other Agents      81  

Section 11.

   Miscellaneous      81  

11.01

   Waiver      81  

11.02

   Notices      81  

11.03

   Expenses, Etc.      81  

11.04

   Amendments, Etc.      82  

11.05

   Successors and Assigns      83  

11.06

   Assignments and Participations      83  

11.07

   Survival      86  

11.08

   Captions      86  

11.09

   Counterparts      86  

11.10

   Governing Law; Submission to Jurisdiction      86  

11.11

   Waiver of Jury Trial      87  

11.12

   Treatment of Certain Information; Confidentiality      87  

11.13

   Confirmation of Security Interests; Confirmation of Subordination Agreements
     88  

11.14

   PATRIOT Act      88  

11.15

   No Fiduciary Duty      88  

11.16

   Acknowledgement and Consent to Bail-In of EEA Financial Institutions      88
 

 

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SCHEDULE A    -    Notices SCHEDULE I    -    Commitments SCHEDULE II    -   
Taxes SCHEDULE III    -    Material Agreements and Liens SCHEDULE IV    -   
Investments SCHEDULE V    -    Franchises SCHEDULE VI    -    Certain Matters
Related to CATV Systems SCHEDULE VII    -    Rate Regulation Matters EXHIBIT A
   -    Form of Assignment and Assumption EXHIBIT B    -    Form of Quarterly
Officer’s Report EXHIBIT C    -    Pledge Agreement EXHIBIT D    -    Guarantee
and Pledge Agreement EXHIBIT E    -    Form of Subsidiary Guarantee Agreement
EXHIBIT F    -    Form of Management Fee Subordination Agreement EXHIBIT F-1   
-    Management Fee Subordination Agreement EXHIBIT G    -    Reserved EXHIBIT H
   -    Reserved EXHIBIT I    -    Form of Confidentiality Agreement EXHIBIT J
   -    Form of Affiliate Subordinated Indebtedness Subordination Agreement

 

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FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of November 2, 2017, among
MCC IOWA LLC, a limited liability company duly organized and validly existing
under the laws of the State of Delaware (“MCC Iowa”); MCC ILLINOIS LLC, a
limited liability company duly organized and validly existing under the laws of
the State of Delaware (“MCC Illinois”); MCC GEORGIA LLC, a limited liability
company duly organized and validly existing under the laws of the State of
Delaware (“MCC Georgia”); and MCC MISSOURI LLC, a limited liability company duly
organized and validly existing under the laws of the State of Delaware (“MCC
Missouri,” and, together with MCC Iowa, MCC Illinois and MCC Georgia, the
“Borrowers”); each of the lenders that is a party to the Third Restated Credit
Agreement immediately prior to the Fourth Restatement Effective Date, the
Additional Tranche M Term Lender, the Additional Tranche A-1 Term Lender, each
Revolving Credit Lender and each lender that becomes a “Lender” after the Fourth
Restatement Effective Date pursuant to Section 11.06(b) (individually, a
“Lender” and, collectively, the “Lenders”); and JPMORGAN CHASE BANK, N.A., a
national banking corporation, as administrative agent for the Lenders (in such
capacity, together with its successors in such capacity, the “Administrative
Agent”).

W I T N E S S E T H :

WHEREAS, the Borrowers, certain lenders and the Administrative Agent entered
into a credit agreement dated as of July 18, 2001 (the “Original Credit
Agreement”);

WHEREAS, the Original Credit Agreement was amended and restated as of August 20,
2012 (as further amended, supplemented and modified and in effect prior to the
Second Restatement Effective Date (as defined herein), the “First Restated
Credit Agreement”);

WHEREAS, the First Restated Credit Agreement was amended and restated as of
August 2, 2013 (as further amended, supplemented and modified and in effect
prior to the Second Restatement Effective Date (as defined herein), the “Second
Restated Credit Agreement”);

WHEREAS, the Second Restated Credit Agreement was amended and restated as of
June 20, 2014 (as further amended, supplemented and modified and in effect prior
to the Third Restatement Effective Date (as defined herein), the “Third Restated
Credit Agreement”);

WHEREAS, pursuant to the Third Restated Credit Agreement, the Majority Lenders
(as defined in the Third Restated Credit Agreement) and, where required, each
Lender have consented to or are deemed to have consented to the amendment and
restatement of the Third Restated Credit Agreement as provided in this
Agreement;

WHEREAS, it is the intent of the parties hereto that this Agreement not
constitute a novation of the obligations and liabilities existing under the
Third Restated Credit Agreement or evidence repayment of any of such obligations
and liabilities and that this Agreement amend and restate in its entirety the
Third Restated Credit Agreement and re-evidence the obligations of the Borrowers
outstanding thereunder;

WHEREAS, on the Fourth Restatement Effective Date, immediately upon
effectiveness of this Agreement, the Tranche A Term Loans will be converted as
contemplated herein and the Tranche H Term Loans will be converted or repaid as
contemplated herein;

NOW, THEREFORE, in consideration of the above premises, the parties hereto
hereby agree that the Third Restated Credit Agreement shall be amended and
restated in its entirety as follows:

Section 1.    Definitions and Accounting Matters.

1.01    Certain Defined Terms. As used herein, the following terms shall have
the following meanings (all terms defined in this Section 1.01 or in other
provisions of this Agreement in the singular to have the same meanings when used
in the plural and vice versa):

“Acquisition” shall mean any acquisition permitted under Section 8.05(d)(vi).

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“Act” shall have the meaning assigned to such term in Section 11.14.

“Additional Tranche A-1 Term Lender” means CoBank ACB, in its capacity as such.

“Additional Tranche A-1 Term Lender Equities” shall have the meaning assigned to
such term in Section 8.18.

“Additional Tranche A-1 Term Loan Commitment” shall mean the commitment of the
Additional Tranche A-1 Term Lender to make a Tranche A-1 Term Loan to the
Borrowers on the Fourth Restatement Effective Date in an amount equal to
$250,000,000 minus the aggregate amount of Tranche A Term Loans of all Lenders
outstanding immediately prior to the Fourth Restatement Effective Date.

“Additional Tranche M Term Lender” means JPMorgan Chase Bank, N.A., in its
capacity as such.

“Additional Tranche M Term Loan Commitment” shall mean the commitment of the
Additional Tranche M Term Lender to make a Tranche M Term Loan to the Borrowers
on the Fourth Restatement Effective Date in an amount equal to $800,000,000
minus the aggregate amount of Tranche M Converted Tranche H Term Loans of all
Lenders.

“Adjusted Operating Cash Flow” shall mean, for any period during which the
Borrowers shall have consummated an Acquisition, the sum, for the Borrowers and
their Subsidiaries (determined on a combined basis without duplication in
accordance with GAAP), of the following, in each case determined under the
assumption that such Acquisition had been consummated on the first day of such
period: (i) Adjusted System Cash Flow minus (ii) the sum of (x) Management Fees
paid during such period to the extent not exceeding 4.50% of the gross operating
revenues of the Borrowers and their Subsidiaries for such period plus
(y) additional Management Fees that would have been paid during such period at a
rate equal to the lesser of (A) the percentage of gross operating revenues of
the Borrowers and their Subsidiaries actually paid as Management Fees during
such period or (B) for any Borrower, the then applicable rate or percentage
specified in the Management Agreement for such Borrower of the gross operating
revenues of such Borrower and its Subsidiaries for such period (determined, as
specified above under the assumption that such Acquisition had been consummated
on the first day of such period).

“Adjusted System Cash Flow” shall mean, for any period during which the
Borrowers shall have consummated an Acquisition, the sum, for the Borrowers and
their Subsidiaries (determined on a combined basis without duplication in
accordance with GAAP), of the following, in each case determined under the
assumption that such Acquisition had been consummated on the first day of such
period: (i) System Cash Flow for such period plus (ii) the sum of
(x) non-recurring expenses incurred by the relevant sellers prior to the actual
closing of such Acquisition (to the extent such items were included as operating
expenses in the determination of System Cash Flow for such period) and (y) the
amounts set forth in a statement of adjustments to System Cash Flow provided by
the Borrowers in connection with such Acquisition and acceptable to the
Administrative Agent and Majority Lenders (in each case representing specified
cost increases and savings in respect of the CATV Systems being acquired in such
Acquisition).

“Administrative Questionnaire” shall mean an Administrative Questionnaire in a
form supplied by the Administrative Agent.

“Affiliate” shall mean any Person that directly or indirectly controls, or is
under common control with, or is controlled by, a Borrower and, if such Person
is an individual, any member of the immediate family (including parents, spouse,
children and siblings) of such individual and any trust whose principal
beneficiary is such individual or one or more members of such immediate family
and any Person who is controlled by any such member or trust. As used in this
definition, “control” (including, with its correlative meanings, “controlled by”
and “under common control with”) shall mean possession, directly or indirectly,
of power to direct or cause the direction of management or policies (whether
through ownership of securities or partnership or other ownership interests, by
contract or otherwise), provided that, in any event, any Person that owns
directly or indirectly securities having 10% or more of the voting power for the
election of directors or other governing body of a corporation or 10% or more of
the partnership or other ownership interests of any other Person (other than as
a limited partner of such other Person) will be

 

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deemed to control such corporation or other Person. Notwithstanding the
foregoing, (a) no individual shall be an Affiliate solely by reason of his or
her being a director, officer or employee of any Borrower or any of its
Subsidiaries and (b) none of the Borrowers or their Wholly Owned Subsidiaries
shall be Affiliates.

“Affiliated Approved Funds” shall mean two or more Approved Funds that have the
same investment advisor or manager.

“Affiliate Letters of Credit” shall mean Letters of Credit issued in accordance
with the requirements of Section 8.08(g). The aggregate amount of Affiliate
Letters of Credit outstanding on the First Restatement Effective Date was $0.
With respect to the Letter of Credit outstanding on the First Restatement
Effective Date in favor of The Travelers Indemnity Company (and any other
standby Letter of Credit issued in replacement or substitution thereof) to
support obligations under insurance arrangements of both the Borrowers and MCC
and MCC’s other Subsidiaries which may be drawn under certain circumstances in
respect of obligations of the Borrowers and under other circumstances in respect
of obligations of MCC and its other Subsidiaries, such Letter of Credit shall
not be deemed to be an Affiliate Letter of Credit except to the extent of any
drawing made thereunder in respect of obligations of MCC or its Subsidiaries
(other than the Borrowers and their Subsidiaries).

“Affiliate Subordinated Indebtedness” shall mean Indebtedness to an Affiliate
(i) for which a Borrower is directly and primarily liable, (ii) in respect of
which none of its Subsidiaries is contingently or otherwise obligated,
(iii) that is subordinated to the obligations of the Borrowers to pay principal
of and interest on the Loans, Reimbursement Obligations, fees and other amounts
payable hereunder and under the other Loan Documents pursuant to an Affiliate
Subordinated Indebtedness Subordination Agreement, (iv) that does not mature
prior to the Latest Maturity Date, and that is issued pursuant to documentation
containing terms (including interest, covenants and events of default) that are
not less favorable to the Lenders than the Affiliate Subordinated Indebtedness
outstanding on the First Restatement Effective Date or that are otherwise in
form and substance satisfactory to the Majority Lenders, (v) that states by its
terms that principal and interest in respect thereof shall only be payable to
the extent permitted under Section 8.09 and (vi) that is pledged by the
respective holder thereof to the Administrative Agent in a manner that creates a
first priority perfected security interest in favor of the Administrative Agent,
as collateral security for the obligations of the Borrowers hereunder, pursuant
to (in the case of Mediacom Broadband) the Guarantee and Pledge Agreement and
(in the case of any other holder) a security document in form and substance
satisfactory to the Administrative Agent. The aggregate principal amount of
Affiliate Subordinated Indebtedness outstanding on the Fourth Restatement
Effective Date was $650,000,000 (excluding regularly accrued interest from
October 15, 2017 with respect to $200,000,000 aggregate principal amount
thereof, October 1, 2017 with respect to $300,000,000 aggregate principal amount
thereof and September 30, 2017 with respect to $150,000,000 aggregate principal
amount thereof, in each case, that may, in accordance with the terms of such
Affiliate Subordinated Indebtedness, increase the principal amount thereof).

“Affiliate Subordinated Indebtedness Subordination Agreement” shall mean an
Affiliate Subordinated Indebtedness Subordination Agreement substantially in the
form of Exhibit J between any Person to whom a Borrower or any of its
Subsidiaries may be obligated to pay Affiliate Subordinated Indebtedness, the
Borrowers and the Administrative Agent, as the same shall be modified and
supplemented and in effect from time to time.

“Agents” means the Administrative Agent, and each arranger, bookrunner,
syndication agent and documentation agent named on the cover of this Agreement,
or, in the case of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPFS”),
any other registered broker-dealer wholly-owned by Bank of America Corporation
to which all or substantially all of Bank of America Corporation’s or any of its
subsidiaries’ investment banking, commercial lending services or related
businesses may be transferred following the date of this Agreement to whom MLPFS
has assigned its rights and obligations under.

“Agreement” means this Fourth Amended and Restated Credit Agreement, dated as of
November 2, 2017, as the same may be further amended, amended and restated,
supplemented or otherwise modified from time to time.

“Anti-Corruption Laws” shall mean all laws, rules, and regulations of any
jurisdiction applicable to the Borrowers or their Subsidiaries from time to time
concerning or relating to bribery or corruption.

 

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“Applicable Lending Office” shall mean, for each Lender and for each Type of
Loan, the “Lending Office” of such Lender (or of an affiliate of such Lender)
designated for such Type of Loan in the Administrative Questionnaire submitted
by such Lender or such other office of such Lender (or of an affiliate of such
Lender) as such Lender may from time to time specify to the Administrative Agent
and the Borrowers as the office by which its Loans of such Type are to be made
and maintained.

“Applicable Margin” shall mean, with respect to the Loans of any Class and Type,
the respective rates indicated below for Loans of such Class and Type opposite
the then-current Rate Ratio (determined pursuant to Section 3.03) indicated
below (except that anything in this Agreement to the contrary notwithstanding,
the Applicable Margin with respect to the Loans of any Class and Type shall be
the highest margins indicated below during any period when an Event of Default
shall have occurred and be continuing).

The Applicable Margin for Tranche M Term Loans that are Eurodollar Loans shall
be 2.00% and the Applicable Margin for Tranche M Term Loans that are Base Rate
Loans shall be 1.00%.

The Applicable Margin for Tranche A-1 Term Loans shall be the respective rate
indicated below for Loans of the applicable Type set forth opposite the
then-current Rate Ratio (determined pursuant to Section 3.03 of the Credit
Agreement) indicated below:

 

Range of Rate Ratio

   Eurodollar
Loans     Base Rate
Loans  

Greater than or equal to 4.5 to 1

     2.75 %      1.75 % 

Greater than or equal to 4.0 to 1 but less than 4.5 to 1

     2.50 %      1.50 % 

Greater than or equal to 3.0 to 1 but less than 4.0 to 1

     2.25 %      1.25 % 

Greater than or equal to 2.0 to 1 but less than 3.0 to 1

     2.00 %      1.00 % 

Less than 2.0 to 1

     1.75 %      0.75 % 

The Applicable Margin for Revolving Credit Loans shall be the respective rates
indicated below for Loans of the applicable Type set forth opposite the
then-current Rate Ratio (determined pursuant to Section 3.03 of this Agreement)
indicated below:

 

Range of Rate Ratio

   Eurodollar
Loans     Base Rate
Loans  

Greater than or equal to 5.00 to 1

     2.75 %      1.75 % 

Greater than or equal to 4.00 to 1 but less than 5.00 to 1

     2.50 %      1.50 % 

Greater than or equal to 3.00 to 1 but less than 4.00 to 1

     2.25 %      1.25 % 

Greater than or equal to 2.00 to 1 but less than 3.00 to 1

     2.00 %      1.00 % 

Less than 2.00 to 1

     1.75 %      0.75 % 

The Applicable Margin for the Incremental Facility Loans of any Series shall be
determined at the time such Series of Loans is established pursuant to
Section 2.01(f). The Applicable Margin for the Extended Term Loans of any
Extension Series shall be determined at the time such Extension Series of
Extended Term Loans is established pursuant to Section 2.12.

“Applicable Permitted Transaction Amount” shall mean, as at any date during any
fiscal quarter during any Fiscal Period, the sum of (a) the Equity Contribution
Amount and the outstanding principal amount of Affiliate Subordinated
Indebtedness, as at the beginning of such fiscal quarter plus (b) the total cash
equity capital contributions made, and the aggregate principal amount of
Affiliate Subordinated Indebtedness advanced, to the Borrowers during the period
(the “current period”) commencing on the first day of such fiscal quarter
through and including such date minus (c) the sum of (i) the aggregate amount of
repayments of Affiliate Subordinated Indebtedness, and distributions in respect
of equity capital (other than pursuant to Section 8.09(e)), made during the
current period plus (ii) the aggregate face amount of Affiliate Letters of
Credit issued during the current period or during the period (the “prior
period”) commencing on the First Restatement Effective Date through and
including the last day of the fiscal quarter

 

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immediately preceding such fiscal quarter minus (iii) the aggregate amount of
reductions in the undrawn face amount of Affiliate Letters of Credit (i.e.,
excluding reductions in such face amount that occur upon a drawing thereunder)
during the current period or the prior period, together with the aggregate
amount of Affiliate Letters of Credit that expire or are terminated during the
current period or the prior period without being drawn.

“Approved Fund” shall mean any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar
extensions of credit in the ordinary course of its business and that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an
entity or an Affiliate of an entity that administers or manages a Lender.

“Assignment and Assumption” shall mean an assignment and assumption entered into
by a Lender and an assignee (with the consent of any party whose consent is
required by Section 11.06), and accepted by the Administrative Agent, in the
form of Exhibit A or any other form approved by the Administrative Agent.

“Available Amount” shall mean, at any time, (i) the cumulative amount of
Operating Cash Flow for each fiscal quarter of the Borrowers during the period
commencing July 1, 2012 and ending on the last day of the most recent fiscal
quarter for which financial statements have been delivered hereunder (the
“Relevant Period”) minus (ii) 1.4x cumulative Interest Expense for the Relevant
Period plus (iii) 100% of the cash proceeds of equity contributions (other than
any Cure Monies) to the Borrowers on a combined basis following the First
Restatement Effective Date that are designated in writing by the Borrowers as
being included in the Available Amount minus (iv) the sum, without duplication,
of (x) the aggregate amount of Investments made pursuant to Section 8.08(i)
prior to such time (net of any cash return on such Investments), (y) the
aggregate amount of Restricted Payments made pursuant to Section 8.09(e) prior
to such time and (z) the aggregate amount of payments made with respect to
Indebtedness pursuant to Section 8.14(c)(ii) prior to such time.

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

“Bankruptcy Code” shall mean the United States Bankruptcy Reform Act of 1978, as
amended from time to time.

“Base Rate” shall mean, with respect to any Class of Loans, for any day, a rate
per annum equal to the greatest of (a) the Prime Rate in effect on such day,
(b) the NYFRB Rate in effect on such day plus  1⁄2 of 1% and (c) the Eurodollar
Rate for a one month Interest Period on such day (or if such day is not a
Business Day, the immediately preceding Business Day) plus 1%; provided that in
no event shall the Base Rate (i) for Tranche M Term Loans be less than 1.75%, or
(ii) any other Class of Loans be less than 1.00%; provided further that for the
purpose of this definition, the Eurodollar Rate for any day shall be based on
the LIBOR Screen Rate (or if the LIBOR Screen Rate is not available for such one
month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London
time on such day. Any change in the Base Rate due to a change in the Prime Rate,
the NYFRB Rate or the Eurodollar Rate shall be effective from and including the
effective date of such change in the Prime Rate, the NYFRB Rate or the
Eurodollar Rate, respectively. If the Base Rate is being used as an alternate
rate of interest pursuant to Section 5.09 hereof, then the Base Rate shall be
the greater of clauses (a) and (b) above and shall be determined without
reference to clause (c) above.

“Base Rate Loans” shall mean Loans that bear interest at rates based upon the
Base Rate.

“Business Day” shall mean any day (a) on which commercial banks are not
authorized or required to close in New York City and (b) if such day relates to
a borrowing of, a payment or prepayment of principal of or interest on, a
Conversion of or into, or an Interest Period for, a Eurodollar Loan or a notice
by a Borrower with respect to any such borrowing, payment, prepayment,
Conversion or Interest Period, that is also a day on which dealings in Dollar
deposits are carried out in the London interbank market.

 

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“Capital Expenditures” shall mean, for any period, expenditures made by the
Borrowers or any of their Subsidiaries to acquire or construct fixed assets,
plant and equipment (including renewals, improvements and replacements, but
excluding repairs and Acquisitions) during such period computed in accordance
with GAAP.

“Capital Lease Obligations” shall mean, for any Person, all obligations of such
Person to pay rent or other amounts under a lease of (or other agreement
conveying the right to use) Property to the extent such obligations are required
to be classified and accounted for as a capital lease on a balance sheet of such
Person under GAAP, and, for purposes of this Agreement, the amount of such
obligations shall be the capitalized amount thereof, determined in accordance
with GAAP.

“Casualty Event” shall mean, with respect to any Property of any Person, any
loss of or damage to, or any condemnation or other taking of, such Property for
which such Person or any of its Subsidiaries receives insurance proceeds, or
proceeds of a condemnation award or other compensation.

“CATV System” shall mean any cable distribution system that receives broadcast
signals by antennae, microwave transmission, satellite transmission or any other
form of transmission and that amplifies such signals and distributes them to
Persons who pay to receive such signals, but shall exclude wireless cable.

“Change in Law” shall mean the occurrence, after the First Restatement Effective
Date, of any of the following: (a) the adoption or taking effect of any law,
rule, regulation or treaty, (b) any change in any law, rule, regulation or
treaty or in the administration, interpretation, implementation or application
thereof by any Governmental Authority or (c) the making or issuance of any
request, rule, guideline or directive (whether or not having the force of law)
by any Governmental Authority; provided that notwithstanding anything herein to
the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or the United States
or foreign regulatory authorities, in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law,” regardless of the date enacted,
adopted or issued.

“Change of Control” shall mean the occurrence of any one or more of the
following events:

(i)    any Person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act, including any group acting for the purpose of acquiring, holding
or disposing of securities within the meaning of Rule 13d-5(b)(1) under the
Exchange Act), other than one or more Permitted Holders is or becomes the
“beneficial owner” (as defined in Rule 13d-3 and 13d-5 under the Exchange Act,
except that a Person shall be deemed to have “beneficial ownership” of all
shares that any such Person has the right to acquire, whether such right is
exercisable immediately or only after the passage of time, upon the happening of
an event or otherwise), directly or indirectly, of more than 50% of the
aggregate voting power of the ownership interests in Mediacom Broadband;

(ii)    Mediacom Broadband consolidates with, or merges with or into, another
Person or Mediacom Broadband sells, assigns, conveys, transfers, leases or
otherwise disposes of all or substantially all of the assets of Mediacom
Broadband and its Subsidiaries (determined on a consolidated basis) to any
Person, other than any such transaction where immediately after such transaction
the Person or Persons that “beneficially owned” (as defined in Rule 13d-3 and
13d-5 under the Exchange Act, except that a Person shall be deemed to have
“beneficial ownership” of all shares that any such Person has the right to
acquire, whether such right is exercisable immediately or only after the passage
of time, upon the happening of an event or otherwise) immediately prior to such
transaction, directly or indirectly, a majority of the aggregate voting power of
the then outstanding ownership interests in Mediacom Broadband, “beneficially
own” (as so determined), directly or indirectly, more than 50% of the aggregate
voting power of the then outstanding ownership interests in the surviving or
transferee Person;

(iii)    Mediacom Broadband is liquidated or dissolved or adopts a plan of
liquidation or dissolution;

 

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(iv)    a majority of the members of the Executive Committee of Mediacom
Broadband shall consist of persons who are not Continuing Members; or

(v)    the Borrowers and the Subsidiary Guarantors shall cease to be
Subsidiaries of Mediacom Broadband;

provided, however, that a Change of Control will be deemed not to have occurred
in any of the circumstances described in clauses (i) through (iv) above if after
the occurrence of any such circumstance (A) MCC (or any successor thereto), or a
Person (or successor thereto) more than 50% of the aggregate voting power of the
then outstanding ownership interests of which is beneficially owned, directly or
indirectly, by MCC (or any successor thereto), continues to be the manager of
Mediacom Broadband (or the surviving or transferee Person in the case of clause
(ii) above) and Rocco Commisso continues to be the chief executive officer or
chairman of MCC (or any successor thereto) or (B) Rocco Commisso, or a Person
more than 50% of the aggregate voting power of the then outstanding ownership
interests of which is beneficially owned, directly or indirectly by Rocco
Commisso and the other Permitted Holders together with their respective
designees, becomes the manager of Mediacom Broadband (or the surviving or
transferee Person in the case of clause (ii) above) or (C) Rocco Commisso
becomes and thereafter continues to be the chief executive officer or chairman
of Mediacom Broadband (or the surviving or transferee Person in the case of
clause (ii) above).

“Class” shall have the meaning assigned to such term in Section 1.03.

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to
time.

“Collateral” means all the “Collateral” (or equivalent term) as defined in any
Security Document.

“Collateral Account” shall have the meaning assigned to such term in the Pledge
Agreement.

“Commitments” shall mean, collectively, the Revolving Credit Commitments, the
Additional Tranche A-1 Term Loan Commitments, the Additional Tranche M Term Loan
Commitments and any Incremental Facility Commitments (if any).

“Committee Resolution” means with respect to Mediacom Broadband, a duly adopted
resolution of the Executive Committee of Mediacom Broadband.

“Continue,” “Continuation” and “Continued” shall refer to the continuation
pursuant to Section 2.09 of a Eurodollar Loan from one Interest Period to the
next Interest Period.

“Continuing Member” shall mean, as of any date of determination thereof, any
Person who: (i) was a member of the Executive Committee of Mediacom Broadband on
the date hereof; (ii) was nominated for election or elected to the Executive
Committee of Mediacom Broadband with the affirmative vote of a majority of the
Continuing Members who were members of the Executive Committee at the time of
such nomination or election; or (iii) is a representative of, or was approved
by, a Permitted Holder.

“Convert,” “Conversion” and “Converted” shall refer to a conversion pursuant to
Section 2.09 of one Type of Loans into another Type of Loans, which may be
accompanied by the transfer by a Lender (at its sole discretion) of a Loan from
one Applicable Lending Office to another.

“Cure Monies” shall mean proceeds of Affiliate Subordinated Indebtedness and/or
equity contributions received by the Borrowers after the First Restatement
Effective Date that, at the time the same are received by the Borrowers, are
identified by the Borrowers in a certificate of a Senior Officer delivered by
the Borrowers to the Administrative Agent within one Business Day of such
receipt, as constituting “Cure Monies” for purposes of Section 9.02. As of the
First Restatement Effective Date the amount of Cure Monies was $0.

 

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“Debt Issuance” shall mean (i) any incurrence of Refinancing Term Loans and
(ii) any issuance or sale by a Borrower or any of its Subsidiaries after the
First Restatement Effective Date of any debt securities, excluding, however, any
Indebtedness incurred pursuant to Section 8.07 other than any incurrence of
Refinancing Debt Securities.

“Debt Service” shall mean, for any period, the sum, for the Borrowers and their
Subsidiaries (determined on a combined basis without duplication in accordance
with GAAP), of the following: (a) in the case of Revolving Credit Loans and
Incremental Facility Revolving Credit Loans under this Agreement, the aggregate
amount of payments of principal of such Loans that were required to be made
pursuant to Section 3.01(a) or 3.01(f) during such period plus (b) in the case
of Term Loans under this Agreement and all other Indebtedness (other than
Revolving Credit Loans and Incremental Facility Revolving Credit Loans), all
regularly scheduled payments or regularly scheduled prepayments of principal of
such Indebtedness (including, without limitation, the principal component of any
payments in respect of Capital Lease Obligations) made or payable during such
period (other than the principal component of any payments in respect of
Affiliate Subordinated Indebtedness) plus (c) all Interest Expense for such
period.

“Default” shall mean an Event of Default or an event that with notice or lapse
of time or both would become an Event of Default.

“Defaulting Lender” means any Lender that, as reasonably determined by the
Administrative Agent, has (a) failed to fund any portion of its Loans or
participations in Letters of Credit within three Business Days after the date
required to be funded by such Lender hereunder, unless such Lender notifies the
Administrative Agent in writing that such failure is the result of such Lender’s
reasonable determination that one or more conditions precedent to funding (which
conditions precedent, together with the applicable Default, if any, shall be
specifically identified in such writing) has not been satisfied, (b) notified
the Borrowers, the Administrative Agent, any Issuing Lender or any Lender in
writing that such Lender does not intend to comply with any of its funding
obligations under this Agreement or has made a public statement to the effect
that such Lender does not intend to comply with its funding obligations under
this Agreement (unless such writing or public statement states that such
position is based on such Lender’s reasonable determination that a condition
precedent to funding (which condition precedent, together with the applicable
Default, if any, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) failed, within three Business Days after
request by the Administrative Agent or the Borrowers, to confirm promptly in
writing that such Lender will comply with the terms of this Agreement relating
to its obligations to fund prospective Loans or participations in Letters of
Credit (provided that such Lender shall cease to be a Defaulting Lender pursuant
to this clause (c) upon receipt of such written confirmation of the
Administrative Agent), (d) otherwise failed to pay over to the Administrative
Agent or any other Lender any other amount required to be paid by such Lender
hereunder within three Business Days after the date when due, unless the subject
of a good faith dispute, or (e) (i) become or is insolvent or has a parent
company that has become or is insolvent or (ii) become the subject of a
bankruptcy or insolvency proceeding or a Bail-In Action, or has had a receiver,
conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of such Lender’s
business or custodian appointed for such Lender, or has a parent company that
has become the subject of a bankruptcy or insolvency proceeding, or has had a
receiver, conservator, trustee, administrator, assignee for the benefit of
creditors or similar Person charged with reorganization or liquidation of such
parent company’s business or custodian appointed for such parent company;
provided that no Lender shall become a Defaulting Lender solely as a result of
the acquisition or maintenance of an ownership interest in such Lender (or its
parent company) or the exercise of control over such Lender (or its parent
company) by a Governmental Authority or an instrumentality thereof.

“Disposition” shall mean any sale, assignment, transfer or other disposition of
any Property (whether now owned or hereafter acquired) by the Borrowers or any
of their Subsidiaries to any other Person (excluding any sale, assignment,
transfer or other disposition of any Property sold or disposed of in the
ordinary course of business and on ordinary business terms) to the extent the
aggregate fair market value of the Property transferred by the Borrowers and
their Subsidiaries in any such transaction or series of related transactions
exceeds $10,000,000.

“Dollars” and “$” shall mean lawful money of the United States of America.

 

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“EEA Financial Institution” means (a) any credit institution or investment firm
established in any EEA Member Country which is subject to the supervision of an
EEA Resolution Authority, (b) any entity established in an EEA Member Country
which is a parent of an institution described in clause (a) of this definition,
or (c) any financial institution established in an EEA Member Country which is a
subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent.

“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

“Environmental Claim” shall mean, with respect to any Person, any written or
oral notice, claim, demand or other communication (collectively, a “claim”) by
any other Person alleging or asserting such Person’s liability for investigatory
costs, cleanup costs, governmental response costs, damages to natural resources
or other Property, personal injuries, fines or penalties arising out of, based
on or resulting from (i) the presence, or Release into the environment, of any
Hazardous Material at any location, whether or not owned by such Person, or
(ii) circumstances forming the basis of any violation, or alleged violation, of
any Environmental Law. The term “Environmental Claim” shall include, without
limitation, any claim by any governmental authority for enforcement, cleanup,
removal, response, remedial or other actions or damages pursuant to any
applicable Environmental Law, and any claim by any third party seeking damages,
contribution, indemnification, cost recovery, compensation or injunctive relief
resulting from the presence of Hazardous Materials or arising from alleged
injury or threat of injury to health, safety or the environment.

“Environmental Laws” shall mean any and all present and future Federal, state,
local and foreign laws, rules or regulations, and any orders or decrees, in each
case as now or hereafter in effect, relating to the regulation or protection of
human health, safety or the environment or to emissions, discharges, releases or
threatened releases of pollutants, contaminants, chemicals or toxic or hazardous
substances or wastes into the indoor or outdoor environment, including, without
limitation, ambient air, soil, surface water, ground water, wetlands, land or
subsurface strata, or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of
pollutants, contaminants, chemicals or toxic or hazardous substances or wastes.

“Equity Contribution Amount” shall mean, as at any date of determination,
(a) the sum of (i) $21,401,000 plus (ii) the aggregate amount of cash
contributions made to the equity capital of the Borrowers (on a combined basis)
during the period from and including the First Restatement Effective Date
through and including such date of determination minus (b) the aggregate amount
of distributions made in respect of the equity capital of the Borrowers during
such period (other than pursuant to Section 8.09(e)) minus (c) the amount of
cash contributions to the equity capital of the Borrowers (on a consolidated
basis) to the extent such equity proceeds are designated as being included in
the Available Amount.

“Equity Interest” in any Person means any and all shares, interests, rights to
purchase, warrants, options, participations or other equivalents of or interests
in (however designated) corporate stock or other equity participations,
including partnership interests, whether general or limited, and membership
interests in such Person.

“Equity Rights” shall mean, with respect to any Person, any subscriptions,
options, warrants, commitments, preemptive rights or agreements of any kind
(including, without limitation, any stockholders’ or voting trust agreements)
for the issuance, sale, registration or voting of, or securities convertible
into, any additional shares of capital stock of any class or other ownership
interests of any type in, such Person.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended from time to time.

“ERISA Affiliate” shall mean any corporation or trade or business that is a
member of any group of organizations (i) described in Section 414(b) or (c) of
the Code of which a Borrower is a member and (ii) solely for purposes of
potential liability under Section 302(c)(11) of ERISA and Section 412(c)(11) of
the Code and the lien created under Section 302(f) of ERISA and Section 412(n)
of the Code, described in Section 414(m) or (o) of the Code of which a Borrower
is a member.

 

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“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor Person), as in effect
from time to time.

“Eurodollar Base Rate” shall mean, with respect to any Eurodollar Loan for any
Interest Period, the LIBOR Screen Rate at approximately 11:00 a.m., London time,
two Business Days prior to the commencement of such Interest Period; provided
that if the LIBOR Screen Rate shall not be available at such time for such
Interest Period (an “Impacted Interest Period”) then the Eurodollar Base Rate
shall be the Interpolated Rate.

“Eurodollar Loans” shall mean Loans that bear interest at rates based on rates
referred to in the definition of “Eurodollar Rate” in this Section 1.01.

“Eurodollar Rate” shall mean, with respect to any Eurodollar Loan (other than a
Tranche M Term Loan) for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the
Eurodollar Base Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate. Solely with respect to Tranche M Term Loans, the “Eurodollar Rate”
shall be the higher of (x) with respect to any Eurodollar Loan for any Interest
Period in respect thereof, an interest rate per annum (rounded upwards, if
necessary, to the next 1/100 of 1%) equal to (a) the Eurodollar Base Rate for
such Interest Period multiplied by (b) the Statutory Reserve Rate and (y) 0.75%.

“Event of Default” shall have the meaning assigned to such term in Section 9.

“Excess Cash Flow” shall mean, for any period, the excess of (a) Operating Cash
Flow for such period over (b) the sum of (i) Capital Expenditures made during
such period plus (ii) the aggregate amount of Debt Service for such period plus
(iii) the Tax Payment Amount for such period plus (iv) any decreases (or minus
any increases) in Working Capital from the first day to the last day of such
period minus (v) Investments made during such period pursuant to Section 8.08(f)
or (h) except to the extent financed with proceeds of a contribution to the
capital of the Borrowers, Indebtedness (other than under a revolving credit
facility) or Net Available Proceeds from a Disposition minus (vi) without
duplication, cash expenses incurred for Interest Rate Protection Agreements
entered into during the period.

“Exchange Act” shall mean the United States Securities Exchange Act of 1934, as
amended from time to time.

“Executive Committee” shall mean (i) so long as Mediacom Broadband is a limited
liability company, (x) while the Mediacom Broadband operating agreement is in
effect, the Executive Committee authorized thereunder, and (y) at any other
time, the manager or board of managers of Mediacom Broadband, or management
committee, board of directors or similar governing body responsible for the
management of the business and affairs of Mediacom Broadband or any committee of
such governing body; (ii) if Mediacom Broadband were to be reorganized as a
corporation, the board of directors of Mediacom Broadband; and (iii) if Mediacom
Broadband were to be reorganized as a partnership, the board of directors of the
corporate general partner of such partnership (or if such general partner is
itself a partnership, the board of directors of such general partner’s corporate
general partner).

“Executive Compensation” shall mean, for any period, the aggregate amount of
compensation (including, without limitation, salaries, withholding taxes,
unemployment insurance contributions, pension, health and other benefits) of the
Manager’s executive management personnel during such period. For purposes
hereof, “executive management personnel” shall not include any individual (such
as a system manager) who is employed solely in connection with the day-to-day
operations of a CATV System.

“Existing Class” shall have the meaning assigned to such term in Section 2.12.

“Extended Term Loans” shall have the meaning assigned to such term in
Section 2.12.

 

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“Extending Term Lender” shall have the meaning assigned to such term in
Section 2.12.

“Extension Amendment” shall mean an amendment to this Agreement entered into in
accordance with Section 2.12 (and which shall not require the consent of the
Majority Lenders) (it being understood that an Extension Amendment may take the
form of an amendment and restatement of this Agreement executed by the
Borrowers, the applicable Extending Term Lenders and the Administrative Agent
solely for the purpose of incorporating the terms of any Extended Term Loans and
subject to the limitations applicable thereto pursuant to Section 2.12).

“Extension Election” shall have the meaning assigned to such term in
Section 2.12.

“Extension Series” shall have the meaning assigned to such term in Section 2.12.

“FAA” shall mean the Federal Aviation Administration or any governmental
authority substituted therefor.

“FATCA” shall mean Sections 1471 through 1474 of the Code as of the date hereof
(including, for the avoidance of doubt, any agreements with governmental
authorities implementing such provisions) and any amended or successor
provisions that are substantively comparable and not materially more onerous to
comply with (including any implementing regulations or other administrative or
judicial guidance that may be issued with respect thereto) and any agreements
entered into pursuant to Section 1471 (b)(1) of the Code.

“FCC” shall mean the Federal Communications Commission or any governmental
authority substituted therefor.

“Federal Funds Rate” shall mean, for any day, the rate calculated by the NYFRB
based on such day’s federal funds transactions by depositary institutions, as
determined in such manner as the NYFRB shall set forth on its public website
from time to time, and published on the next succeeding Business Day by the
NYFRB as the federal funds effective rate; provided, that, if the Federal Funds
Effective Rate shall be less than zero, such rate shall be deemed to be zero for
purposes of this Agreement.

“First Restated Credit Agreement” shall have the meaning assigned to such term
in the recitals hereof.

“First Restatement Effective Date” shall mean August 20, 2012.

“Fiscal Period” shall mean any fiscal year.

“Fourth Restatement Agreement” shall mean the Fourth Restatement Agreement,
dated as of November 2, 2017, by and among the Borrowers, the Administrative
Agent, the Lenders party thereto and the other parties thereto.

“Fourth Restatement Effective Date” shall mean November 2, 2017, the date on
which the conditions precedent to effectiveness set forth in Section 6.01 of
this Agreement are satisfied.

“Foreign Lender” shall mean any Lender that is not a U.S. Person within the
meaning of Section 7701(a)(30) of the Code.

“Franchise” shall have the meaning set forth in 47 U.S.C. Section 522(9). The
term “Franchise” shall include each of the Franchises set forth on Schedule V.

“GAAP” shall mean generally accepted accounting principles applied on a basis
consistent with those that, in accordance with the last sentence of
Section 1.02(a), are to be used in making the calculations for purposes of
determining compliance with this Agreement.

“Governmental Authority” shall mean any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government, including any
central bank and any supranational body exercising such powers or functions,
such as the European Union or the European Central Bank.

 

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“Gross Operating Revenue” shall have the meaning assigned to such term in
Section 8.11.

“Guarantee” shall mean a guarantee, an endorsement, a contingent agreement to
purchase or to furnish funds for the payment or maintenance of, or otherwise to
be or become contingently liable under or with respect to, the Indebtedness,
other obligations, net worth, working capital or earnings of any Person, or a
guarantee of the payment of dividends or other distributions upon the stock or
equity interests of any Person, or an agreement to purchase, sell or lease (as
lessee or lessor) Property, products, materials, supplies or services primarily
for the purpose of enabling a debtor to make payment of such debtor’s
obligations or an agreement to assure a creditor against loss, and including,
without limitation, causing a bank or other financial institution to issue a
letter of credit or other similar instrument for the benefit of another Person,
but excluding endorsements for collection or deposit in the ordinary course of
business. The terms “Guarantee” and “Guaranteed” used as a verb shall have a
correlative meaning.

“Guarantee and Pledge Agreement” shall mean the Guarantee and Pledge Agreement
dated July 18, 2001, between Mediacom Broadband, MCC and the Administrative
Agent and attached as Exhibit D, as the same shall be modified and supplemented
and in effect from time to time.

“Hazardous Material” shall mean, collectively, (a) any petroleum or petroleum
products, flammable materials, explosives, radioactive materials, asbestos, urea
formaldehyde foam insulation, and transformers or other equipment that contain
polychlorinated biphenyls (“PCB’s”), (b) any chemicals or other materials or
substances that are now or hereafter become defined as or included in the
definition of “hazardous substances,” “hazardous wastes,” “hazardous materials,”
“extremely hazardous wastes,” “restricted hazardous wastes,” “toxic substances,”
“toxic pollutants,” “contaminants,” “pollutants” or words of similar import
under any Environmental Law and (c) any other chemical or other material or
substance, exposure to which is now or hereafter prohibited, limited or
regulated under any Environmental Law.

“Immaterial Entity” means any entity that is inactive, that generated no
revenues or earnings during the most recently completed fiscal periods for which
financial statements were delivered under Sections 8.01(a) and (b), and that has
no material assets or liabilities.

“Impacted Interest Period” shall have the meaning assigned to such term in the
definition of “Eurodollar Base Rate”.

“Incremental Facility Agreement” shall have the meaning assigned to such term in
Section 2.01(f) (it being understood that an Incremental Facility Agreement may
take the form of an amendment and restatement of this Agreement executed by the
Borrowers, the applicable Incremental Facility Lenders and the Administrative
Agent solely for the purpose of incorporating the terms of any Incremental
Facility Commitment, Incremental Facility Letters of Credit and Incremental
Facility Loans and subject to the limitations applicable thereto pursuant to
Section 2.01(f)).

“Incremental Facility Commitments” shall mean the Incremental Facility Revolving
Credit Commitments and the Incremental Facility Term Loan Commitments
established pursuant to Section 2.01(f) following the Third Restatement
Effective Date.

“Incremental Facility Lenders” shall mean the Incremental Facility Revolving
Credit Lenders and the Incremental Facility Term Loan Lenders.

“Incremental Facility Letter of Credit” shall mean any letter of credit issued
under the Incremental Facility Revolving Credit Commitments of any Series.

“Incremental Facility Loans” shall mean the Incremental Facility Revolving
Credit Loans and the Incremental Facility Term Loans.

 

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“Incremental Facility Revolving Credit Commitment” shall mean, for each
Incremental Facility Revolving Credit Lender, and for any Series thereof, the
obligation of such Incremental Facility Revolving Credit Lender to make
Incremental Facility Revolving Credit Loans, and to issue or participate in
Incremental Facility Letters of Credit, of such Series (as the same may be
reduced from time to time pursuant to Section 2.04 or 2.10 or increased or
reduced from time to time pursuant to assignments permitted under
Section 11.06(b)). The amount of each Lender’s Incremental Facility Revolving
Credit Commitment of any Series shall be determined in accordance with the
provisions of Section 2.01(f).

“Incremental Facility Revolving Credit Lenders” shall mean, in respect of any
Series of Incremental Facility Revolving Credit Loans, the Lenders from time to
time holding Incremental Facility Revolving Credit Loans and Incremental
Facility Revolving Credit Commitments of such Series after giving effect to any
assignments thereof permitted by Section 11.06(b).

“Incremental Facility Revolving Credit Loans” shall mean revolving credit loans
provided for pursuant to an Incremental Facility Agreement entered into pursuant
to Section 2.01(f), which may be Base Rate Loans and/or Eurodollar Loans.

“Incremental Facility Term A Loan” has the meaning provided in Section 2.01(f).

“Incremental Facility Term Loan Commitment” shall mean, for each Incremental
Facility Term Loan Lender, and for any Series thereof, the obligation of such
Incremental Facility Term Loan Lender to make Incremental Facility Term Loans of
such Series (as the same may be reduced from time to time pursuant to
Section 2.04 or 2.10 or increased or reduced from time to time pursuant to
assignments permitted under Section 11.06(b)). The amount of each Lender’s
Incremental Facility Term Loan Commitment of any Series shall be determined in
accordance with the provisions of Section 2.01(f).

“Incremental Facility Term Loan Lenders” shall mean, in respect of any Series of
Incremental Facility Term Loans, the Lenders from time to time holding
Incremental Facility Term Loans and Incremental Facility Term Loan Commitments
of such Series after giving effect to any assignments thereof permitted by
Section 11.06(b).

“Incremental Facility Term Loans” shall mean term loans provided for pursuant to
an Incremental Facility Agreement entered into pursuant to Section 2.01(f) which
may be Base Rate Loans and/or Eurodollar Loans.

“Indebtedness” shall mean, for any Person: (a) obligations created, issued or
incurred by such Person for borrowed money (whether by loan, the issuance and
sale of debt securities or the sale of Property to another Person subject to an
understanding or agreement, contingent or otherwise, to repurchase such Property
from such Person), including, without limitation, Affiliate Subordinated
Indebtedness; (b) obligations of such Person to pay the deferred purchase or
acquisition price of Property or services, other than trade accounts payable
(other than for borrowed money) arising, and accrued expenses incurred, in the
ordinary course of business so long as such trade accounts payable are payable
within 120 days of the date the respective goods are delivered or the respective
services are rendered; (c) Indebtedness of others secured by a Lien on the
Property of such Person, whether or not the respective indebtedness so secured
has been assumed by such Person; (d) obligations of such Person in respect of
letters of credit or similar instruments issued or accepted by banks and other
financial institutions for the account of such Person; (e) Capital Lease
Obligations of such Person; and (f) Indebtedness of others Guaranteed by such
Person; provided that Indebtedness shall exclude (i) obligations in respect of
surety and performance bonds backing pole rental or conduit attachments and the
like, or backing obligations under Franchises, arising in the ordinary course of
business of the CATV Systems and related telecommunications services of the
Borrowers and their Subsidiaries and (ii) all obligations in respect of Interest
Rate Protection Agreements.

“Indemnified Taxes” shall have the meaning set forth in Section 5.07(a).

“Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or
any Person as to which such Lender is, directly or indirectly, a subsidiary, or
(c) a company, investment vehicle or trust for, or owned and operated for the
primary benefit of, a natural person or relative(s) thereof; provided that, such
company, investment vehicle or trust shall not constitute an Ineligible
Institution if it (x) has not been established for the primary purpose of

 

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acquiring any Loans or Commitments, (y) is managed by a professional advisor,
who is not such natural person or a relative thereof, having significant
experience in the business of making or purchasing commercial loans, and (z) has
assets greater than $25,000,000 and a significant part of its activities consist
of making or purchasing commercial loans and similar extensions of credit in the
ordinary course of its business.

“Interest Coverage Ratio” shall mean, as at any date, the ratio of (a) Operating
Cash Flow for the fiscal quarter ending on, or most recently ended prior to,
such date to (b) Interest Expense for such fiscal quarter. Notwithstanding the
foregoing, the Interest Coverage Ratio as at the last day of any fiscal quarter
during which an Acquisition is consummated shall be deemed to be equal to the
ratio of Adjusted Operating Cash Flow for such fiscal quarter to Interest
Expense for such fiscal quarter.

“Interest Election Request” shall mean a request by the Borrower to Convert or
Continue a Loan in accordance with Section 2.09.

“Interest Expense” shall mean, for any period, the sum, for the Borrowers and
their Subsidiaries (determined on a combined basis without duplication in
accordance with GAAP), of the following: (a) all interest in respect of
Indebtedness (including, without limitation, the interest component of any
payments in respect of Capital Lease Obligations) for such period (whether or
not actually paid during such period) and all commitment fees payable hereunder,
but excluding all interest in respect of Affiliate Subordinated Indebtedness (to
the extent not paid in cash during such period), plus (b) the net amount payable
(or minus the net amount receivable) under Interest Rate Protection Agreements
during such period (whether or not actually paid or received during such period)
plus (c) the aggregate amount of upfront or one-time fees or expenses payable in
respect of Interest Rate Protection Agreements to the extent such fees or
expenses are amortized during such period.

Notwithstanding the foregoing, if during any period for which Interest Expense
is being determined the Borrowers or any of their Subsidiaries shall have
consummated any acquisition of any CATV System or other business, or consummated
any Disposition, then, for all purposes of this Agreement, other than for any
calculation of the Available Amount, Interest Expense shall be determined on a
pro forma basis as if such acquisition or Disposition had been made or
consummated (and any related Indebtedness incurred or repaid) on the first day
of such period.

“Interest Period” shall mean, with respect to any Eurodollar Loan, each period
commencing on the date such Eurodollar Loan is made or Converted from a Base
Rate Loan or (in the event of a Continuation) the last day of the next preceding
Interest Period for such Loan and ending on the numerically corresponding day in
the first week thereafter or in the first, second, third or sixth calendar month
thereafter (or such other period as may be agreed by all of the Lenders affected
thereby), as the Borrowers may select as provided in Section 4.05, except that
each Interest Period of one month’s (or a multiple of one month’s) duration that
commences on the last Business Day of a calendar month (or on any day for which
there is no numerically corresponding day in the appropriate subsequent calendar
month) shall end on the last Business Day of the appropriate subsequent calendar
month. Notwithstanding the foregoing:

(i)    if any Interest Period for any Loan would otherwise end after the final
stated maturity date of such Loan, such Interest Period shall end on such final
stated maturity date;

(ii)    each Interest Period that would otherwise end on a day that is not a
Business Day shall end on the next succeeding Business Day (or, if such next
succeeding Business Day falls in the next succeeding calendar month, on the next
preceding Business Day); and

(iii)    the Administrative Agent may, in its discretion to facilitate the ease
of administration of Eurodollar Loans hereunder, shorten or lengthen by up to
three Business Days the duration of any Interest Period from that otherwise
provided above in this definition, provided that in no event shall any Interest
Period for a Eurodollar Loan end on any day other than a Business Day.

“Interest Rate Protection Agreement” shall mean, for any Person, an interest
rate swap, cap or collar agreement or similar arrangement between such Person
and one or more financial institutions providing for the transfer or mitigation
of interest risks either generally or under specific contingencies. For purposes
hereof, the

 

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“credit exposure” at any time of any Person under an Interest Rate Protection
Agreement to which such Person is a party shall be determined at such time in
accordance with the standard methods of calculating credit exposure under
similar arrangements as prescribed from time to time by the Administrative
Agent, taking into account potential interest rate movements and the respective
termination provisions and notional principal amount and term of such Interest
Rate Protection Agreement.

“Interpolated Rate” shall mean, at any time, for any Interest Period, the rate
per annum (rounded to the same number of decimal places as the LIBOR Screen
Rate) determined by the Administrative Agent (which determination shall be
conclusive and binding absent manifest error) to be equal to the rate that
results from interpolating on a linear basis between: (a) the LIBOR Screen Rate
for the longest period for which the LIBOR Screen Rate is available) that is
shorter than the Impacted Interest Period; and (b) the LIBOR Screen Rate for the
shortest period (for which that LIBOR Screen Rate is available) that exceeds the
Impacted Interest Period, in each case, at such time; provided that if any
Interpolated Rate shall be less than zero, such rate shall be deemed to be zero
for purposes of this Agreement.

“Investment” shall mean, for any Person: (a) the acquisition (whether for cash,
Property, services or securities or otherwise) of capital stock, bonds, notes,
debentures, partnership or other ownership interests or other securities of any
other Person or any agreement to make any such acquisition (including, without
limitation, any “short sale” or any sale of any securities at a time when such
securities are not owned by the Person entering into such sale); (b) the making
of any deposit with, or advance, loan or other extension of credit to, any other
Person (including the purchase of Property from another Person subject to an
understanding or agreement, contingent or otherwise, to resell such Property to
such Person), but excluding any such advance, loan or extension of credit having
a term not exceeding 90 days arising in connection with the sale of programming
or advertising time by such Person in the ordinary course of business; (c) the
entering into of any Guarantee of, or other contingent obligation with respect
to, Indebtedness or other liability of any other Person and (without
duplication) any amount committed to be advanced, lent or extended to such
Person; or (d) the entering into of any Interest Rate Protection Agreement.

“Issuing Lender” shall mean each of JPMCB and/or such other Lender designated by
the Borrowers as an “Issuing Lender” hereunder that has agreed to such
designation (and is reasonably acceptable to the Administrative Agent), each in
its capacity as an issuer of Letters of Credit hereunder and together with its
successors and assigns in such capacity. Any Issuing Lender may, in its
discretion, arrange for one or more Letters of Credit to be issued by Affiliates
of such Issuing Lender, in which case the term “Issuing Lender” shall include
any such Affiliate with respect to Letters of Credit issued by such Affiliate.

“JPMCB” shall mean JPMorgan Chase Bank, N.A.

“Junior Lien Intercreditor Agreement” an intercreditor agreement among the
Obligors, the Administrative Agent and one or more representatives of holders of
Indebtedness permitted by Section 8.07(g) that is secured by Liens on the
Collateral that are intended to be junior to the Liens under the Security
Documents in form and substance reasonably satisfactory to the Administrative
Agent.

“Keepwell Agreement” shall mean the letter agreement dated November 23, 2015
between and among the Borrowers, Mediacom Broadband and MCC in respect of such
parties’ mutual keepwell undertakings relating to Hedging Indebtedness (as
defined in the applicable Security Documents).

“Latest Maturity Date” shall mean, at any date of determination, the latest
maturity date applicable to any Loan or Commitment hereunder as of such date of
determination.

“Lender” shall mean any Person that holds a Commitment, Loan or Letter of Credit
Liability hereunder and shall include, unless the context otherwise requires,
each Issuing Lender.

“Letter of Credit” shall mean, as applicable, a Revolving Credit Letter of
Credit or an Incremental Facility Letter of Credit.

 

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“Letter of Credit Commitment Percentage” shall mean, with respect to any
Revolving Credit Lender or Incremental Facility Revolving Credit Lender, the
ratio of (a) the amount of the Revolving Credit Commitment or Incremental
Facility Revolving Credit Commitment of a specific Class of such Lender to
(b) the aggregate amount of the Revolving Credit Commitments or Incremental
Facility Revolving Credit Commitments, as applicable, of all Lenders of such
Class.

“Letter of Credit Documents” shall mean, with respect to any Letter of Credit,
collectively, any application therefor and any other agreements, instruments,
guarantees or other documents (whether general in application or applicable only
to such Letter of Credit) governing or providing for (a) the rights and
obligations of the parties concerned or at risk with respect to such Letter of
Credit or (b) any collateral security for any of such obligations, each as the
same may be modified and supplemented and in effect from time to time.

“Letter of Credit Interest” shall mean, for each Revolving Credit Lender or
Incremental Facility Revolving Credit Lender, as applicable, such Lender’s
participation interest (or, in the case of an Issuing Lender, such Issuing
Lender’s retained interest) in an Issuing Lender’s liability under Letters of
Credit of the applicable Class and such Lender’s rights and interests in
Reimbursement Obligations of such Class and fees, interest and other amounts
payable in connection with Letters of Credit and Reimbursement Obligations of
such Class.

“Letter of Credit Liability” shall mean, without duplication, at any time and in
respect of any Letter of Credit, the sum of (a) the undrawn face amount of such
Letter of Credit plus (b) the aggregate unpaid principal amount of all
Reimbursement Obligations of the Borrowers at such time due and payable in
respect of all drawings made under such Letter of Credit. For purposes of this
Agreement, a Revolving Credit Lender or Incremental Facility Revolving Credit
Lender (other than an Issuing Lender) shall be deemed to hold a Letter of Credit
Liability in an amount equal to its participation interest in the related Letter
of Credit under Section 2.03, and such Issuing Lender shall be deemed to hold a
Letter of Credit Liability in an amount equal to its retained interest in the
related Letter of Credit after giving effect to the acquisition by the Revolving
Credit Lenders (or, as applicable, Incremental Facility Revolving Credit Lender)
other than such Issuing Lender of their participation interests under
Section 2.03.

“LIBOR Screen Rate” shall mean, for any day and time, with respect to any
Eurodollar Loan for any Interest Period, the London interbank offered rate as
administered by ICE Benchmark Administration (or any other Person that takes
over the administration of such rate for Dollars for a period equal in length to
such Interest Period as displayed on such day and time on pages LIBOR01 or
LIBOR02 of the Reuters screen that displays such rate (or, in the event such
rate does not appear on a Reuters page or screen, on any successor or substitute
page on such screen that displays such rate, or on the appropriate page of such
other information service that publishes such rate from time to time as selected
by the Administrative Agent in its reasonable discretion, provided that if the
LIBOR Screen Rate shall be less than zero, such rate shall be deemed to zero for
the purposes of this Agreement.

“Lien” shall mean, with respect to any Property, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such
Property. For purposes of this Agreement and the other Loan Documents, a Person
shall be deemed to own subject to a Lien any Property that it has acquired or
holds subject to the interest of a vendor or lessor under any conditional sale
agreement, capital lease or other title retention agreement (other than an
operating lease) relating to such Property.

“Loan Documents” shall mean, collectively, this Agreement, the Fourth
Restatement Agreement, the Keepwell Agreement, the Letter of Credit Documents,
the Security Documents, each Management Fee Subordination Agreement, each
Affiliate Subordinated Indebtedness Subordination Agreement, each Incremental
Facility Agreement and each Extension Amendment.

“Loans” shall mean, collectively, the Revolving Credit Loans and the Term Loans.

“Majority Lenders” shall (i) prior to the funding of the Tranche A-1 Term Loans
and the Tranche M Term Loans on the Fourth Restatement Effective Date, have the
meaning given such term in the Third Restated Credit Agreement and (ii) at any
time thereafter, shall mean Lenders having more than 50% of the sum of (a) the
aggregate outstanding principal amount of the Term Loans at such time plus
(b) the sum of (i) the aggregate unused amount, if any, of the Revolving Credit
Commitments and Incremental Facility Revolving Credit Commitments at such time
plus (ii) the aggregate amount of Letter of Credit Liabilities at such time plus
(iii) the aggregate outstanding principal

 

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amount of the Revolving Credit Loans and Incremental Facility Revolving Credit
Loans at such time; provided that any Loans, Commitments and Letter of Credit
Liabilities of Defaulting Lenders shall be excluded for all purposes of any
calculation of the Majority Lenders.

The “Majority Lenders” of a particular Class, at any time, shall mean Lenders
that are not Defaulting Lenders and that have outstanding Loans, Letter of
Credit Liabilities, Commitments or unused Commitments (as applicable, and
determined in the manner provided above) of such Class at such time representing
more than 50% of the total outstanding Loans, Letter of Credit Liabilities,
Commitments or unused Commitments of such Class held by all Lenders that are not
Defaulting Lenders at such time.

“Majority Institutional Term Lenders” shall mean, at any time, Lenders having
more than 50% of the sum of (a) the aggregate outstanding principal amount of
the Tranche M Term Loans at such time plus (b) solely to the extent provided in
the applicable Incremental Facility Agreement or Extension Amendment, the sum of
the aggregate outstanding principal amount of each other Class of Term Loans
(other than Term Loans included in the determination of the Majority Term A
Lenders) at such time.

“Majority Revolving Lenders” shall mean, at any time, Lenders having more than
50% of the sum of (i) the aggregate unused amount, if any, of the Revolving
Credit Commitments and Incremental Facility Revolving Credit Commitments at such
time plus (ii) the aggregate amount of Letter of Credit Liabilities at such time
plus (iii) the aggregate outstanding principal amount of the Revolving Credit
Loans and Incremental Facility Revolving Credit Loans at such time; provided
that any Loans, Commitments and Letter of Credit Liabilities of Defaulting
Lenders shall be excluded for all purposes of any calculation of the Majority
Revolving Lenders.

“Majority Term A Lenders” shall mean, at any time, Lenders having more than 50%
of the sum of (a) the aggregate outstanding principal amount of the Tranche A-1
Term Loans at such time, plus (b) subject to the limitations set forth in
Section 2.01(f) and Section 2.12 and solely to the extent provided in the
applicable Incremental Facility Agreement or Extension Amendment, the aggregate
principal amount of any Incremental Facility Term A Loans and/or Extended Term
Loans of each applicable Class at such time.

“Management Agreements” shall mean, collectively, the Management Agreements,
each dated as of June 6, 2001, between MCC Georgia, MCC Illinois, MCC Iowa and
MCC Missouri, respectively, and MCC, in each case as the same shall, subject to
Section 8.17, be modified and supplemented and in effect from time to time.

“Management Fee Subordination Agreement” shall mean (i) the Management Fee
Subordination Agreement dated as of July 18, 2001, among MCC, the Borrowers and
the Administrative Agent and attached as Exhibit F-1, and (ii) each Management
Fee Subordination Agreement substantially in the form of Exhibit F between the
Manager (or, as contemplated by Section 8.11, any other Person to whom the
Borrowers or any of their Subsidiaries may be obligated to pay Management Fees),
the Borrowers and the Administrative Agent executed after the Fourth Restatement
Effective Date, in each case as the same may be amended, restated, amended and
restated, modified and supplemented and in effect from time to time.

“Management Fees” shall mean, for any period, the sum of all fees, salaries and
other compensation (including, without limitation, all Executive Compensation
and any other amounts payable under the Management Agreements) paid or incurred
by the Borrowers and their Subsidiaries to Affiliates (other than Affiliates
that are employees of the Borrowers and their Subsidiaries) in respect of
services rendered in connection with the management or supervision of the
Borrowers and their Subsidiaries, provided that Management Fees shall exclude
(a) the aggregate amount of intercompany shared expenses payable to Mediacom
Broadband, MCC or any of their Subsidiaries that are allocated by Mediacom
Broadband or MCC to the Borrowers and their Subsidiaries in accordance with
Section 5.04 of the Guarantee and Pledge Agreement (other than the allocated
amount of Executive Compensation, which Executive Compensation shall in any
event constitute Management Fees hereunder) and (b) reimbursement by the
Borrowers and their Subsidiaries of expenses incurred by an Affiliate directly
on behalf of the Borrowers and their Subsidiaries.

“Manager” shall mean MCC, or any successor in such capacity as manager of the
Borrowers.

 

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“Margin Stock” shall mean “margin stock” within the meaning of Regulations T, U
and X.

“Material Adverse Effect” shall mean a material adverse effect on (a) the
Property, business, operations, financial condition, liabilities or
capitalization of the Borrowers and their Subsidiaries taken as a whole, (b) the
ability of any Obligor to perform its obligations under any of the Loan
Documents to which it is a party, (c) the validity or enforceability of any of
the Loan Documents, (d) the rights and remedies of the Lenders and the
Administrative Agent under any of the Loan Documents or (e) the timely payment
of the principal of or interest on the Loans or the Reimbursement Obligations or
other amounts payable in connection therewith.

“Material Information” shall mean information that would reasonably be expected
to be material to a Lender’s decision to participate in an Offered Voluntary
Prepayment.

“MCC” shall mean Mediacom Communications Corporation, a Delaware corporation.

“Mediacom Broadband” shall mean Mediacom Broadband LLC, a Delaware limited
liability company.

“Multiemployer Plan” shall mean a multiemployer plan defined as such in
Section 3(37) of ERISA to which contributions have been made by a Borrower or
any ERISA Affiliate and that is covered by Title IV of ERISA.

“Net Available Proceeds” shall mean:

(i)    in the case of any Disposition, the amount of Net Cash Payments received
in connection with such Disposition net of (A) the Tax Payment Amount, if any,
attributable to such Disposition and (B) any transfer taxes (without duplication
of taxes deducted in determining such Net Cash Payments) payable by the
Borrowers or any of their Subsidiaries in respect of such Disposition;

(ii)    in the case of any Casualty Event, the aggregate amount of proceeds of
insurance, condemnation awards and other compensation received by the Borrowers
and their Subsidiaries in respect of such Casualty Event net of (A) reasonable
expenses incurred by the Borrowers and their Subsidiaries in connection
therewith, (B) contractually required repayments of Indebtedness to the extent
secured by a Lien on such Property, (C) the Tax Payment Amount, if any,
attributable to such Casualty Event and (D) any transfer taxes payable by the
Borrowers or any of their Subsidiaries in respect of such Casualty Event; and

(iii)    in the case of any Debt Issuance, the aggregate amount of all cash
received by the Borrowers or any of their Subsidiaries in respect of such Debt
Issuance, net of reasonable expenses incurred by the Borrowers and their
Subsidiaries in connection therewith.

“Net Cash Payments” shall mean, with respect to any Disposition, the aggregate
amount of all cash payments, and the fair market value of any non-cash
consideration (but only as and when subsequently converted to cash), received by
the Borrowers and their Subsidiaries directly or indirectly in connection with
such Disposition; provided that (a) Net Cash Payments shall be net of the amount
of any legal, accounting, broker, title and recording tax expenses, commissions,
finders’ fees and other fees and expenses paid by the Borrowers and their
Subsidiaries in connection with such Disposition and (b) Net Cash Payments shall
be net of any repayments by the Borrowers and their Subsidiaries of Indebtedness
to the extent that (i) such Indebtedness is secured by a Lien on the Property
that is the subject of such Disposition and (ii) the transferee of (or holder of
a Lien on) such Property requires that such Indebtedness be repaid as a
condition to the purchase of such Property.

“Non-Consenting Lender” shall mean any Lender that does not approve any consent,
waiver or amendment that (i) requires the approval of all Lenders or all
affected Lenders in accordance with the terms of Section 11.04 and (ii) has been
approved by the Majority Lenders.

“NYFRB” means the Federal Reserve Bank of New York.

 

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“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective
Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on
such day(or for any day that is not a Business Day, for the immediately
preceding Business Day); provided that if none of such rates are published for
any day that is a Business Day, the term “NYFRB Rate” means the rate for a
federal funds transaction quoted at 11:00 a.m. on such day received to the
Administrative Agent from a Federal funds broker of recognized standing selected
by it; provided, further, that if any of the aforesaid rates shall be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

“Obligors” shall mean, collectively, the Borrowers, Mediacom Broadband, MCC and,
effective upon execution and delivery of any Subsidiary Guarantee Agreement,
each Subsidiary of the Borrowers so executing and delivering such Subsidiary
Guarantee Agreement.

“Offered Voluntary Prepayment” shall have the meaning assigned in Section 2.13.

“OID” shall have the meaning assigned to such term in Section 2.09(a)(v).

“Operating Agreements” shall mean, collectively, the Operating Agreements, each
dated as of June 6, 2001, for MCC Georgia, MCC Illinois, MCC Iowa and MCC
Missouri, respectively, in each case as the same shall be modified and
supplemented and in effect from time to time.

“Operating Cash Flow” shall mean, for any period, the sum, for the Borrowers and
their Subsidiaries (determined on a combined basis without duplication in
accordance with GAAP), of the following: (a) System Cash Flow minus
(b) Management Fees paid during such period to the extent not exceeding 4.50% of
the gross operating revenues of the Borrowers and their Subsidiaries for such
period.

“Original Credit Agreement” shall have the meaning assigned to such term in the
recitals.

“Other Taxes” means any and all present or future stamp or documentary taxes or
any other excise or property taxes, charges or similar levies arising from any
payment made hereunder or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document.

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both
overnight federal funds and overnight Eurodollar borrowings by U.S.-managed
banking offices of depository institutions, as such composite rate shall be
determined by the NYFRB as set forth on its public website from time to time,
and published on the next succeeding Business Day by the NYFRB as an overnight
bank funding rate (from and after such date as the NYFRB shall commence to
publish such composite rate).

“Pari Passu Intercreditor Agreement” shall mean an agreement by and among the
Administrative Agent, one or more representatives (each an “Other First Lien
Agent”) for the holders of Indebtedness permitted by Section 8.07(g) that is
intended to be secured by Liens on the Collateral ranking pari passu with the
Liens under the Security Documents and the Obligors providing, among other
customary items (as determined by the Administrative Agent in consultation with
the Borrowers), that (i) for so long as any Commitments, Loans, Letter of Credit
Liabilities, or other obligations are outstanding under this Agreement (other
than contingent obligations for which no claim has been asserted) the
Administrative Agent, on behalf of the Lenders, shall have the sole right to
enforce any Lien against any Collateral in which it has a perfected security
interest (except that, to the extent the principal amount of such other
Indebtedness exceeds the principal amount of Loans, Letter of Credit Liabilities
and Commitments under this Agreement, such agreement may provide that such Other
First Lien Agent shall instead be subject to a 90-day standstill requirement
with respect to such enforcement (which period shall be extended if the
Administrative Agent commences enforcement against the Collateral during such
period or is prohibited by any requirement of applicable law from commencing
such proceedings) in the event it has given notice of an event of default under
the indenture or other agreement governing such Indebtedness for which it is
agent) and (ii) distributions on account of any enforcement against the
Collateral by the Administrative Agent or the Other First Lien Agent (including
any distribution on account of the Collateral in any such proceeding pursuant to
any debtor relief laws) with respect to which each of the Administrative Agent
and such Other First Lien Agent have a perfected security interest shall be on a
pro rata basis (subject to customary provisions dealing with intervening Liens
that are prior to the Administrative

 

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Agent’s or such Other First Lien Agent’s security interest and the
unenforceability of any obligations purportedly secured by such Liens) based on
the amount of the obligations under the Loan Documents and the obligations owing
under such other Indebtedness, respectively.

“Participant Register” shall have the meaning set forth in Section 11.06(e).

“PBGC” shall mean the Pension Benefit Guaranty Corporation or any entity
succeeding to any or all of its functions under ERISA.

“Permitted Holder” shall mean: (i) Rocco B. Commisso or his spouse or siblings,
any of their lineal descendants and their spouses; (ii) any controlled Affiliate
of any individual described in clause (i) above; (iii) in the event of the death
or incompetence of any individual described in clause (i) above, such Person’s
estate, executor, administrator, committee or other personal representative, in
each case who at any particular date will beneficially own or have the right to
acquire, directly or indirectly, Equity Interests in Mediacom Broadband;
(iv) any trust or trusts created for the benefit of each Person described in
this definition, including any trust for the benefit of the parents or siblings
of any individual described in clause (i) above; or (v) any trust for the
benefit of any such trust.

“Permitted Investments” shall mean: (a) direct obligations of the United States
of America, or of any agency thereof, or obligations guaranteed as to principal
and interest by the United States of America, or of any agency thereof, in
either case maturing not more than one year from the date of acquisition
thereof; (b) certificates of deposit issued by any bank or trust company
organized under the laws of the United States of America or any state thereof
and having capital, surplus and undivided profits of at least $5,000,000,000,
maturing not more than one year from the date of acquisition thereof;
(c) commercial paper rated A-1 or better or P-1 by Standard & Poor’s Ratings
Services, a unit of McGraw-Hill Companies (“S&P”) or Moody’s Investors Services,
Inc. (“Moody’s”), respectively, maturing not more than nine months from the date
of acquisition thereof; in each case so long as the same (x) provide for the
payment of principal and interest (and not principal alone or interest alone)
and (y) are not subject to any contingency regarding the payment of principal or
interest; (d) repurchase obligations with a term of not more than thirty days
for underlying securities of the types described in clauses (a) and (b) above
entered into with any financial institution meeting the qualifications specified
in clause (b) above; (e) securities with final maturities of 12 months or less
from the date of acquisition issued or fully guaranteed by any state,
commonwealth or territory of the United States, by any political subdivision,
taxing authority, agency or instrumentality of any such state, commonwealth or
territory and having an investment grade rating from either S&P or Moody’s (or
the equivalent thereof); and (f) money market funds with at least 95% of their
assets invested in assets described in clauses (a) through (e) above.

“Permitted Refinancing” means, with respect to any Indebtedness, any
modification, refinancing, refunding, renewal or extension of any such
Indebtedness; provided that (a) the principal amount (or accreted value, if
applicable) thereof does not exceed the principal amount (or accreted value, if
applicable) of the Indebtedness so modified, refinanced, refunded, renewed or
extended except by an amount equal to unpaid accrued interest and premium
thereon plus other reasonable amounts paid, and fees and expenses reasonably
incurred, in connection with such modification, refinancing, refunding, renewal
or extension and by an amount equal to any existing commitments unutilized
thereunder, (b) such modification, refinancing, refunding, renewal or extension
has a final maturity date equal to or later than the final maturity date of, and
has a Weighted Average Life to Maturity equal to or greater than the Weighted
Average Life to Maturity of, the Indebtedness being modified, refinanced,
refunded, renewed or extended (except by virtue of amortization or prepayment of
such Indebtedness prior to the time of incurrence of such Permitted
Refinancing), (c) a Permitted Refinancing shall not include Indebtedness of a
Subsidiary that is not an Obligor that refinances Indebtedness of an Obligor,
and (d) at the time thereof, no Default or Event of Default shall have occurred
and be continuing.

“Permitted Subordinated Debt” means unsecured Indebtedness incurred by the
Borrowers and any Subsidiary Guarantors (a) that is subordinated to the
obligations of the Borrowers to pay principal of and interest on the Loans,
Reimbursement Obligations, fees and other amounts payable hereunder and under
the other Loan Documents, (b) that does not mature or have scheduled
amortization or payments of principal prior to the date that is ninety-one
(91) days after the Latest Maturity Date at the time such Indebtedness is
incurred, (c) the terms of which do not require the Borrowers or any of their
Subsidiaries to repurchase, repay or redeem such Indebtedness (or make an offer
to do any of the foregoing) upon the happening of any event (other than as a
result of an event of default

 

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thereunder or pursuant to customary “change of control” provisions or asset sale
offers) prior to the 91st day following the Latest Maturity Date at the time
such Indebtedness is incurred and (d) the documentation for which provides for
covenants, events of default and terms that the Borrowers determine are market
for similar financings at the time such Indebtedness is issued; provided that in
no event shall such documentation contain any financial maintenance covenant
(which term does not apply to incurrence-based financial tests that may be
included in such documentation); provided, further, that at the time of
incurrence, on a pro forma basis after giving effect to the incurrence of such
Indebtedness, Borrowers shall be in compliance with Section 8.10 as of the last
day of the most recent fiscal quarter of the Borrowers for which financial
statements are available.

“Permitted Transactions” shall have the meaning assigned to such term in
Section 8.09.

“Person” shall mean any individual, corporation, company, voluntary association,
partnership, limited liability company, joint venture, trust, unincorporated
organization or government (or any agency, instrumentality or political
subdivision thereof).

“Plan” shall mean an employee benefit or other plan established or maintained by
the Borrowers or any ERISA Affiliates and that is covered by Title IV of ERISA,
other than a Multiemployer Plan.

“Platform” shall mean Debt Domain, Intralinks, Syndtrak or a substantially
similar electronic transmission system.

“Pledge Agreement” shall mean a Pledge Agreement substantially in the form of
Exhibit C between the Borrowers, each of the additional parties, if any, that
becomes a “Securing Party” thereunder, and the Administrative Agent, as the same
shall be modified and supplemented and in effect from time to time.

“Post-Default Rate” shall mean a rate per annum equal to 2% plus the Base Rate
as in effect from time to time plus the Applicable Margin for Base Rate Loans,
provided that, with respect to principal of a Eurodollar Loan that shall become
due (whether at stated maturity, by acceleration, by optional or mandatory
prepayment or otherwise) on a day other than the last day of the Interest Period
therefor, the “Post-Default Rate” shall be, for the period from and including
such due date to but excluding the last day of such Interest Period, 2% plus the
interest rate for such Loan as provided in Section 3.02(b) and, thereafter, the
rate provided for above in this definition.

“Prime Rate” shall mean the rate of interest from time to time announced by
JPMCB at its principal office in New York City as its prime commercial lending
rate.

“Principal Payment Dates” shall mean (a) in the case of the Tranche A-1 Term
Loans and Tranche M Term Loans, the last Business Day of March, June, September
and December of each year, commencing with the first such date after the Fourth
Restatement Effective Date and (b) in the case of Term Loans of any other Class,
such dates as shall have been agreed upon between the Borrowers and the
respective Lenders pursuant to Section 2.01(f) or Section 2.12.

“Prior Dispositions” shall have the meaning assigned to such term in
Section 2.10(d).

“pro forma basis” and “pro forma effect” when used with respect to any financial
test required to be determined on such basis, shall mean that, without
duplication, the relevant event (and any other repayment or incurrence of
Indebtedness (other than repayments and incurrences of revolving Indebtedness in
the ordinary course of business) occurring since the first day of the applicable
period) shall be given pro forma effect as though it had occurred on the first
day of such period for purposes of any income statement item and on the last day
of such period for any balance sheet item.

“Property” shall mean any right or interest in or to property of any kind
whatsoever, whether real, personal or mixed and whether tangible or intangible.

“Public Lender” shall have the meaning assigned to such term in Section 8.01.

 

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“Purchase Price” shall mean, without duplication, with respect to any
Acquisition, an amount equal to the sum of (i) the aggregate consideration,
whether cash, Property or securities (including, without limitation, any
Indebtedness incurred pursuant to paragraph (f) of Section 8.07), paid or
delivered by the Borrowers and their Subsidiaries in connection with such
acquisition plus (ii) the aggregate amount of liabilities of the acquired
business (net of current assets of the acquired business) that would be
reflected on a balance sheet (if such were to be prepared) of the Borrowers and
their Subsidiaries after giving effect to such acquisition.

“Quarterly Dates” shall mean the last Business Day of March, June, September and
December in each year, the first of which shall be the first such day after the
Fourth Restatement Effective Date.

“Quarterly Officer’s Report” shall mean a quarterly report of a Senior Officer
with respect to Video Customers, homes passed and revenues per Video Customer,
substantially in the form of Exhibit B, consisting of Video Customers, data
customers, telephony customers for each three month period.

“Quarterly Payment Period” shall mean (i) initially, the period from and
including September 29, 2017, through and including the Quarterly Date falling
on the last Business Day of December 2017 and (ii) thereafter, each successive
three-month period from and including a Quarterly Date to but not including the
next following Quarterly Date.

“Rate Ratio” shall mean, for any Quarterly Payment Period, the ratio of (x) the
daily average of the aggregate amount of all Indebtedness of the Borrowers and
their Subsidiaries (excluding Affiliate Subordinated Indebtedness and the first
$10,000,000 of Capital Lease Obligations and non-recourse liens described in
clauses (c) and (e) of the definition of Indebtedness as defined in this
Section 1.01) outstanding during the fiscal quarter ending immediately prior to
the first Business Day of such Quarterly Payment Period to (y) the product of
(i) System Cash Flow for such fiscal quarter times (ii) four. By way of
illustration, the Rate Ratio for a Quarterly Payment Period commencing on the
last Business Day of June of any year shall be the ratio of (A) the daily
average of the Indebtedness referred to in clause (x) above during the fiscal
quarter ending on the March 31 immediately preceding the last Business Day of
such June to (B) the product of (i) System Cash Flow for such fiscal quarter
times (ii) four.

“Rate Ratio Certificate” shall mean, for any Quarterly Payment Period commencing
with the Quarterly Payment Period beginning on September 29, 2017, a certificate
of a Senior Officer setting forth, in reasonable detail, the calculation (and
the basis for such calculation) of the Rate Ratio for use in determining certain
of the Applicable Margins hereunder during such Quarterly Payment Period.

“Refinancing Debt Securities”: senior secured debt securities or loans of the
Borrowers designated as “Refinancing Debt Securities” by the Borrowers by
written notice delivered to the Administrative Agent no later than the date of
issuance thereof (a) that are not guaranteed by any Subsidiary of the Borrowers
that is not an Obligor, (b) that is not secured by a Lien on any assets of the
Borrowers or any of their Subsidiaries that does not constitute Collateral,
(c) the terms of which do not provide for any scheduled repayment, mandatory
redemption (except as provided in the succeeding clause (d)) or sinking fund
obligations prior to the Latest Maturity Date at the time such Indebtedness is
incurred in excess of 1% of the original principal amount thereof, (d) the terms
of which do not require the Borrowers or any of their Subsidiaries to
repurchase, repay or redeem such indebtedness (or make an offer to do any of the
foregoing) upon the happening of any event (other than as a result of an event
of default thereunder or pursuant to customary “change of control” provisions or
asset sale offers) prior to the Latest Maturity Date at the time such
Indebtedness is incurred and (e) the documentation for which provides for
covenants, events of default and terms that the Borrowers determine are market
for similar financings at the time such debt securities or loans are issued;
provided, that in no event shall such documentation contain any financial
maintenance covenant (which term does not apply to incurrence-based financial
tests which may be included in such documentation) that is more restrictive than
those set forth in this Agreement.

“Refinancing Term Loans” means Incremental Facility Term Loans that are
designated as “Refinancing Term Loans” in the applicable Incremental Facility
Agreement.

“Region” shall mean each geographic region into which the CATV Systems of the
Borrowers and their Subsidiaries are divided for operating and management
purposes.

 

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“Register” shall have the meaning assigned to such term in Section 11.06(c).

“Regulations D, T, U and X” shall mean, respectively, Regulations D, T, U and X
of the Board of Governors of the Federal Reserve System (or any successor), as
the same may be modified and supplemented and in effect from time to time.

“Reimbursement Obligations” shall mean, at any time, the obligations of the
Borrowers then outstanding, or that may thereafter arise in respect of all
Letters of Credit then outstanding, to reimburse amounts paid by an Issuing
Lender in respect of any drawings under a Letter of Credit.

“Release” shall mean any release, spill, emission, leaking, pumping, injection,
deposit, disposal, discharge, dispersal, leaching or migration into the indoor
or outdoor environment, including, without limitation, the movement of Hazardous
Materials through ambient air, soil, surface water, ground water, wetlands, land
or subsurface strata.

“Replacement Revolving Credit Commitments” shall mean Incremental Facility
Revolving Credit Commitments that are designated as “Replacement Revolving
Credit Commitments” in the applicable Incremental Facility Agreement; provided
that on the date such Replacement Revolving Credit Commitments are established
there is a corresponding (or greater) reduction in a then outstanding Class of
Revolving Credit Commitments or Incremental Facility Revolving Credit
Commitments.

“Restricted Payments” shall mean, collectively, (a) all distributions of the
Borrowers (in cash, Property or obligations) on, or other payments or
distributions on account of, or the setting apart of money for a sinking or
other analogous fund for, or the purchase, redemption, retirement or other
acquisition of, any portion of any ownership interest in the Borrowers or of any
warrants, options or other rights to acquire any such ownership interest (or to
make any payments to any Person, such as “phantom stock” payments, where the
amount thereof is calculated with reference to fair market or equity value of
the Borrowers or any of their Subsidiaries), (b) any payments made by a Borrower
to any holders of any equity interests in the Borrowers that are designed to
reimburse such holders for the payment of any taxes attributable to the
operations of the Borrowers and their Subsidiaries, (c) any payments of
principal of or interest on Affiliate Subordinated Indebtedness, (d) any
payments in respect of Management Fees and (e) any Affiliate Letters of Credit
issued by an Issuing Lender for the account of the Borrowers.

“Revolving Credit Commitment” shall mean, as to each Revolving Credit Lender,
the obligation of such Lender to make Revolving Credit Loans, and to issue or
participate in Letters of Credit pursuant to Section 2.03, in an aggregate
principal or face amount at any one time outstanding up to but not exceeding the
amount set forth opposite the name of such Lender on Schedule I under the
caption “Revolving Credit Commitment” or, in the case of a Person that becomes a
Revolving Credit Lender pursuant to an assignment permitted under
Section 11.06(b), as specified in the respective instrument of assignment
pursuant to which such assignment is effected (as the same may be reduced from
time to time pursuant to Section 2.04 or 2.10 or increased or reduced from time
to time pursuant to assignments permitted under Section 11.06(b)). The aggregate
principal amount of the Revolving Credit Commitments is $375,000,000 as of the
Fourth Restatement Effective Date.

“Revolving Credit Commitment Termination Date” shall mean November 2, 2022;
provided that the Revolving Credit Commitment Termination Date shall occur on
(i) the 91st day prior to the final maturity date of any Class of Term Loans or
debt securities of Mediacom Broadband, if on such date $200,000,000 or more
aggregate principal amount of such maturing Term Loans or debt securities are
outstanding or (ii) any Business Day if any Affiliate Subordinated Indebtedness
outstanding on such date has a scheduled maturity as of such date that is within
the period of six months following such date.

“Revolving Credit Lenders” shall mean (a) on the Fourth Restatement Effective
Date, the Lenders having Revolving Credit Commitments as set forth on Schedule I
and (b) thereafter, the Lenders from time to time holding Revolving Credit Loans
and Revolving Credit Commitments after giving effect to any assignments thereof
permitted by Section 11.06(b).

“Revolving Credit Letter of Credit” shall mean any letter of credit issued under
Revolving Credit Commitments.

 

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“Revolving Credit Loans” shall mean loans made under the Revolving Credit
Commitments pursuant to Section 2.01(a), which may be Base Rate Loans and/or
Eurodollar Loans.

“Sanctioned Country” shall mean, at any time, a country or territory which is
the subject or target of any Sanctions.

“Sanctioned Person” shall mean, at any time, (a) any Person listed in any
Sanctions-related list of designated Persons maintained by the Office of Foreign
Assets Control of the U.S. Department of the Treasury, the U.S. Department of
State, or by the United Nations Security Council, (b) any Person operating,
organized or resident in a Sanctioned Country or (c) any Person controlled by
any such Person.

“Sanctions” shall mean economic or financial sanctions or trade embargoes
imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S.
Department of the Treasury or the U.S. Department of State, or (b) the United
Nations Security Council.

“Second Restated Credit Agreement” shall have the meaning assigned to such term
in the recitals hereof.

“Second Restatement Effective Date” shall mean August 2, 2013.

“Security Documents” shall mean, collectively, the Pledge Agreement, the
Guarantee and Pledge Agreement and the Subsidiary Guarantee Agreements, and all
Uniform Commercial Code financing statements required by the Pledge Agreement,
the Guarantee and Pledge Agreement and the Subsidiary Guarantee Agreements, to
be filed with respect to the security interests created pursuant to the Pledge
Agreement, the Guarantee and Pledge Agreement and the Subsidiary Guarantee
Agreements.

“Senior Officer” shall mean an individual that is the chairman, chief executive
officer, chief financial officer, treasurer, controller or vice president
corporate finance of the Manager, acting for and on behalf of the Borrowers.

“Series” shall have the meaning set forth in Section 2.01(f).

“Special Reductions” shall mean, as at any date during any fiscal quarter, the
aggregate amount of reductions during such fiscal quarter through such date in
the undrawn face amount of Affiliate Letters of Credit issued during such fiscal
quarter (i.e., excluding reductions in such face amount that occur upon a
drawing under such Affiliate Letters of Credit), together with the aggregate
amount of Affiliate Letters of Credit issued during such fiscal quarter that
expire or are terminated during such fiscal quarter through such date without
being drawn.

“Specified Lender” shall have the meaning provided in Section 5.08.

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number
one minus the aggregate of the maximum reserve percentage (including any
marginal, special, emergency or supplemental reserves) expressed as a decimal
established by the Board of Governors of the Federal Reserve System to which the
Administrative Agent is subject with respect to the Eurodollar Rate, for
eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in
Regulation D of the Board of Governors of the Federal Reserve System). Such
reserve percentage shall include those imposed pursuant to such Regulation D.
Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be
subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender
under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in
any reserve percentage.

“Subsidiary” shall mean, with respect to any Person, any corporation,
partnership, limited liability company or other entity of which at least a
majority of the securities or other ownership interests having by the terms
thereof ordinary voting power to elect a majority of the board of directors or
other persons performing similar functions of such corporation, partnership,
limited liability company or other entity (irrespective of whether or not at the
time

 

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securities or other ownership interests of any other class or classes of such
corporation, partnership, limited liability company or other entity shall have
or might have voting power by reason of the happening of any contingency) is at
the time directly or indirectly owned or controlled by such Person or one or
more Subsidiaries of such Person or by such Person and one or more Subsidiaries
of such Person.

“Subsidiary Guarantee Agreement” shall mean a Subsidiary Guarantee Agreement
substantially in the form of Exhibit E by a Subsidiary of a Borrower in favor of
the Administrative Agent, as the same shall be modified and supplemented and in
effect from time to time.

“Subsidiary Guarantor” shall mean any Subsidiary of the Borrowers that executes
and delivers a Subsidiary Guarantee Agreement.

“System Cash Flow” shall mean, for any period, the sum, for the Borrowers and
their Subsidiaries (determined on a combined basis without duplication in
accordance with GAAP), of the following: (a) gross operating revenues (not
including extraordinary or unusual items but including business interruption
insurance (to the extent it represents lost revenue for such period)) for such
period minus (b) all operating expenses (not including extraordinary or unusual
items) for such period, including, without limitation, technical, programming
and selling, general and administrative expenses, but excluding (to the extent
included in operating expenses) income taxes, Management Fees, depreciation,
amortization, interest expense (including, without limitation, all items
included in Interest Expense) and any extraordinary or unusual items plus
(c) any compensation received for management services provided by the Borrowers
during any such period in respect of any Franchises retained by the seller
pursuant to any agreement for the purchase of such Franchises by the Borrowers
during any such period plus (d) non-cash operating expenses, including, without
limitation, any non-cash compensation expense realized from grants of equity
instruments or other rights (including, without limitation, stock options, stock
appreciation or other rights, restricted stock, restricted stock units, deferred
stock and deferred stock units) to officers, directors and employees of the
Borrowers and their Subsidiaries. For the purposes of determining System Cash
Flow, gross operating revenues will include revenues received in cash in respect
of investments, so long as such investments are recurring (i.e. reasonably
expected to continue for four or more fiscal quarters) and do not for any period
exceed 20% of gross operating revenues for such period (not including
(i) extraordinary or unusual items and (ii) such investment revenues).

Notwithstanding the foregoing, if during any period for which System Cash Flow
is being determined the Borrowers or any of their Subsidiaries shall have
consummated any acquisition of any CATV System or other business, or consummated
any Disposition, then, for all purposes of this Agreement (other than for
purposes of the definitions of “Excess Cash Flow” and “Available Amount”),
System Cash Flow shall be determined on a pro forma basis as if such acquisition
or Disposition had been made or consummated on the first day of such period.

“Tax Certificate” shall have the meaning set forth in Section 5.07(e).

“Tax Payment Amount” shall mean, for any period, an amount not exceeding in the
aggregate the amount of Federal, state and local income taxes the Borrowers
would otherwise have paid in the event they were corporations (other than “S
corporations” within the meaning of Section 1361 of the Code) for such period
and all prior periods, reduced by any such income taxes directly paid by the
Borrowers.

“Taxes” shall mean any present or future tax, assessment or other charge or levy
(including any interest, addition to taxes and penalties) imposed by or on
behalf of any taxing authority.

“Term Loan Lenders” shall mean (a) initially on the Fourth Restatement Effective
Date, the Lenders having Tranche A Term Loans and Tranche H Term Loans, (b) on
the Fourth Restatement Effective Date immediately after repayment of all Tranche
A Term Loans and conversion or repayment of all Tranche H Term Loans, the
Lenders having Tranche A-1 Term Loans and Tranche M Term Loans and
(b) thereafter, the Lenders from time to time holding Term Loans and/or
Incremental Facility Term Loan Commitments after giving effect to any
assignments thereof permitted by Section 11.06(b).

 

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“Term Loans” shall mean, collectively, (a) initially on the Fourth Restatement
Effective Date, the Tranche A Term Loans and the Tranche M Term Loans and (b) on
the Fourth Restatement Effective Date immediately after conversion of all
Tranche A Term Loans and conversion or repayment of all Tranche H Term Loans,
the Tranche A-1 Term Loans, the Tranche M Term Loans, and any Incremental
Facility Term Loans and Extended Term Loans established following the Fourth
Restatement Effective Date.

“Third Restated Credit Agreement” shall have the meaning assigned to such term
in the recitals hereof.

“Third Restatement Effective Date” means June 20, 2014.

“Total Leverage Ratio” shall mean, as at any date, the ratio of (a) the
aggregate amount of all Indebtedness of the Borrowers and their Subsidiaries
(excluding Affiliate Subordinated Indebtedness and the first $10,000,000 of
Capital Lease Obligations and non-recourse liens described in clauses (c) and
(e) of the definition of Indebtedness as defined in this Section 1.01) as at
such date to (b) the product of (x) System Cash Flow for the fiscal quarter
ending on, or most recently ended prior to, such date times (y) four.

Notwithstanding the foregoing, the Total Leverage Ratio as at any date during
any fiscal quarter during which an Acquisition is consummated shall be deemed to
be equal to the ratio of (a) the aggregate amount of all Indebtedness of the
Borrowers and their Subsidiaries (excluding Affiliate Subordinated Indebtedness
and the first $10,000,000 of Capital Lease Obligations and non-recourse liens
described in clauses (c) and (e) of the definition of “Indebtedness” as defined
in this Section 1.01) as at such date to (b) the product of Adjusted System Cash
Flow for the immediately preceding fiscal quarter times four.

“Tranche A Term Loans” means all Tranche A Term Loans outstanding under the
Third Restated Credit Agreement immediately prior to the Fourth Restatement
Effective Date.

“Tranche A-1 Term Loan Lenders” shall mean the Lenders from time to time holding
Tranche A-1 Term Loans after giving effect to any assignments thereof permitted
by Section 11.06(b).

“Tranche A-1 Term Loan Maturity Date” shall mean November 2, 2022.

“Tranche A-1 Term Loans” shall mean the loans described in Section 2.01(b).

“Tranche H Term Loans” means all Tranche H Term Loans outstanding under the
Third Restated Credit Agreement immediately prior to the Fourth Restatement
Effective Date.

“Tranche M Converted Tranche H Term Loan” shall mean, as to any Lender that has
validly executed and returned a counterpart to the Fourth Restatement Agreement
to the Administrative Agent prior to the Fourth Restatement Effective Date
indicating an election to convert its Tranche H Term Loans to Tranche M Term
Loans, all of such Lender’s outstanding Tranche H Term Loans (or, if less, the
amount notified by the Administrative Agent to such Lender prior to the Fourth
Restatement Effective Date).

“Tranche M Term Loans” shall mean the loans funded or converted on the Fourth
Restatement Effective Date pursuant to Section 2.01(d).

“Tranche M Term Loan Lenders” shall mean the Lenders from time to time holding
Tranche M Term Loans after giving effect to any assignments thereof permitted by
Section 11.06(b).

“Tranche M Term Loan Maturity Date” shall mean January 15, 2025.

“Type” shall have the meaning assigned to such term in Section 1.03.

“Video Customers” shall mean, as at any date, (a) single household dwellings
with one or more television sets that receive a package of
over-the-air-broadcast stations, local access channels or certain
satellite-delivered cable television services from a CATV System, plus, without
duplication, (b) the number of subscribers determined by dividing the aggregate
dollar monthly amount billed for basic service to bulk subscribers (hotels,
motels, apartment buildings, hospitals and the like) located in a particular
CATV System by the applicable combined limited and

 

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expanded cable rate charged to video customers in such CATV System, plus
(c) connections to schools, libraries, local government offices and employee
households that may not be charged for limited and expanded cable services but
may be charged for premium units, pay-per-view events or high-speed Internet
service. This definition shall be subject to such modifications as the Borrowers
from time to time determine to be reasonably appropriate (and of which the
Borrower shall notify the Administrative Agent, which shall promptly notify the
Lenders), provided that such modifications are consistent with the periodic
reports and/or registrations at the time being filed with the Securities and
Exchange Commission by Mediacom Broadband or MCC.

“Weighted Average Life to Maturity” means, when applied to any Indebtedness (or
Commitment) at any date, the number of years obtained by dividing (a) the then
outstanding aggregate principal amount of such Indebtedness (or Commitment) into
(b) the sum of the total of the products obtained by multiplying (i) the amount
of each then remaining scheduled installment, sinking fund, serial maturity or
other required payment of principal including payment at final maturity or
reduction, in respect thereof, by (ii) the number of years (calculated to the
nearest one-twelfth) which will elapse between such date and the making of such
payment or reduction.

“Wholly Owned Subsidiary” shall mean, with respect to any Person, any
corporation, partnership, limited liability company or other entity of which all
of the equity securities or other ownership interests (other than, in the case
of a corporation, directors’ qualifying shares) are directly or indirectly owned
or controlled by such Person or one or more Wholly Owned Subsidiaries of such
Person or by such Person and one or more Wholly Owned Subsidiaries of such
Person.

“Working Capital” shall mean, as at such date, for the Borrowers and their
Subsidiaries (determined on a combined basis without duplication in accordance
with GAAP) (a) current assets (excluding (i) cash and cash equivalents;
(ii) accounts receivable from affiliates; and (iii) assets under Interest Rate
Protection Agreements) minus (b) current liabilities (excluding (i) the current
portion of long-term debt; (ii) accounts payable to affiliates; (iii) accrued
interest; and (iv) liabilities under Interest Rate Protection Agreements).

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.

1.02    Accounting Terms and Determinations.

(a)    Accounting Terms and Determinations Generally. Except as otherwise
expressly provided herein, all accounting terms used herein shall be
interpreted, and all financial statements and certificates and reports as to
financial matters required to be delivered to the Lenders or the Administrative
Agent hereunder shall (unless otherwise disclosed to the Lenders in writing at
the time of delivery thereof in the manner described in paragraph (b) below) be
prepared, in accordance with generally accepted accounting principles applied on
a basis consistent with those used in the preparation of the latest financial
statements furnished to the Lenders hereunder (which, prior to the delivery of
the first financial statements after the Fourth Restatement Effective Date under
Section 8.01, shall mean the audited financial statements, referred to in
Sections 7.02(i) and (ii)). All calculations made for the purposes of
determining compliance with this Agreement shall (except as otherwise expressly
provided herein) be made by application of generally accepted accounting
principles applied on a basis consistent with those used in the preparation of
the latest annual or quarterly financial statements furnished to the Lenders
pursuant to Section 8.01 (or, prior to the delivery of the first financial
statements under Section 8.01, used in the preparation of the audited financial
statements as at December 31, 2012 referred to in Sections 7.02(i) and (ii))
unless:

(i)    the Borrowers shall have objected to determining such compliance on such
basis at the time of delivery of such financial statements, or

(ii)    the Majority Lenders shall so object in writing within 30 days after
delivery of such financial statements,

 

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in either of which events such calculations shall be made on a basis consistent
with those used in the preparation of the latest financial statements as to
which such objection shall not have been made (which, if objection is made in
respect of the first financial statements delivered after the Fourth Restatement
Effective Date under Section 8.01, shall mean the audited financial statements
referred to in Sections 7.02(i) and (ii)).

(b)    Statement of Accounting Variations. The Borrowers shall deliver to the
Lenders at the same time as the delivery of any annual or quarterly financial
statement under Section 8.01 (i) a description in reasonable detail of any
material variation between the application of accounting principles employed in
the preparation of such statement and the application of accounting principles
employed in the preparation of the next preceding annual or quarterly financial
statements as to which no objection has been made in accordance with the last
sentence of paragraph (a) above and (ii) reasonable estimates of the difference
between such statements arising as a consequence thereof.

(c)    Changes in Fiscal Periods. To enable the ready and consistent
determination of compliance with the covenants set forth in Section 8, none of
the Borrowers will change the last day of its fiscal year from December 31, or
the last days of the first three fiscal quarters in each of its fiscal years
from March 31, June 30 and September 30 of each year, respectively.

1.03    Classes and Types of Loans.

(a)    Loans hereunder are distinguished by “Class” and by “Type.”

(b)    The “Class” of a Loan (or of a Commitment to make a Loan) refers to
whether such Loan is a Revolving Credit Loan, a Tranche A-1 Term Loan, a Tranche
M Term Loan, an Incremental Facility Loan of any Series or an Extended Term Loan
of an Extension Series, each of which constitutes a Class.

(c)    The “Type” of a Loan refers to whether such Loan is a Base Rate Loan or a
Eurodollar Loan, each of which constitutes a Type. Loans may be identified by
both Class and Type.

1.04    Subsidiaries. None of the Borrowers has any Subsidiaries on the date
hereof, reference in this Agreement to Subsidiaries of the Borrowers shall be
deemed inapplicable until such time as the creation of such Subsidiaries or such
Subsidiaries shall in fact come into existence in accordance with the terms
hereof.

1.05    Nature of Obligations of Borrowers. It is the intent of the parties
hereto that the Borrowers shall be jointly and severally obligated hereunder and
under the notes executed and delivered by the Borrowers pursuant to
Section 2.08(d), as co-Borrowers under this Agreement and as co-makers on such
notes, in respect of the principal of and interest on, and all other amounts
owing in respect of, the Loans and such notes.

1.06    Certain References. Unless otherwise specified, all references to
Sections, Schedules and Exhibits are references to Sections of, and Schedules
and Exhibits to, this Agreement.

Section 2.    Commitments, Loans and Prepayments.

2.01    Commitments and Loans.

(a)    Revolving Credit Commitments.

(i)    Subject to the terms and conditions set forth herein, the “Revolving
Credit Letters of Credit” (with such term having the meaning given such term in
the Third Restated Credit Agreement) outstanding under the Third Restated Credit
Agreement immediately prior to the Fourth Restatement Effective Date shall
continue to be outstanding under this Agreement as Revolving Credit Letters of
Credit.

(ii)    Each Revolving Credit Lender severally agrees, on the terms and
conditions set forth herein, to make loans to the Borrowers in Dollars during
the period from and including the Fourth Restatement Effective Date to but not
including the Revolving Credit Commitment Termination Date in an aggregate
principal amount at any

 

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one time outstanding up to but not exceeding the amount of the Revolving Credit
Commitment of such Lender as in effect from time to time, provided that in no
event shall the aggregate principal amount of all Revolving Credit Loans,
together with the aggregate amount of all Letter of Credit Liabilities in
respect of Revolving Credit Letters of Credit, exceed the aggregate amount of
the Revolving Credit Commitments as in effect from time to time that are
available at such time under Section 2.01(a)(iii). Subject to the terms and
conditions set forth herein, during such period the Borrowers may borrow, repay
and reborrow the amount of the Revolving Credit Commitments by means of Base
Rate Loans and Eurodollar Loans and may Convert Revolving Credit Loans of one
Type into Revolving Credit Loans of another Type (as provided in Section 2.09)
or Continue Revolving Credit Loans of one Type as Revolving Credit Loans of the
same Type (as provided in Section 2.09).

(iii)    Proceeds of Revolving Credit Loans shall be available for any use
permitted under Section 8.15(a).

(iv)    Unless previously terminated, the Revolving Credit Commitments shall
terminate on the Revolving Credit Commitment Termination Date.

(b)    Tranche A-1 Term Loans. Subject to the terms and conditions set forth
herein (i) each Tranche A Term Loan of any Lender outstanding under the Third
Restated Credit Agreement immediately prior to the Fourth Restatement Effective
Date shall be converted into a like principal amount of Tranche A-1 Term Loans
of such Lender to the Borrowers on the Fourth Restatement Effective Date and
(ii) the Additional Tranche A-1 Term Lender shall make a loan to the Borrowers
in Dollars on the Fourth Restatement Effective Date in an amount equal to the
Additional Tranche A-1 Term Loan Commitment. Tranche A-1 Term Loans may from
time to time be Eurodollar Loans or Base Rate Loans as determined by the
Borrowers and notified to the Administrative Agent in accordance with Sections
2.09 and 4.05.

(c)    [Reserved].

(d)    Tranche M Term Loans. Subject to the terms and conditions set forth
herein (i) each Tranche M Converted Tranche H Term Loan of any Lender
outstanding under the Third Restated Credit Agreement immediately prior to the
Fourth Restatement Effective Date shall be converted into a like principal
amount of Tranche M Term Loan of such Lender to the Borrowers on the Fourth
Restatement Effective Date and (ii) the Additional Tranche M Term Lender shall
make a loan to the Borrowers in Dollars on the Fourth Restatement Effective Date
in an amount equal to the Additional Tranche M Term Loan Commitment. Tranche M
Term Loans may from time to time be Eurodollar Loans or Base Rate Loans as
determined by the Borrowers and notified to the Administrative Agent in
accordance with Sections 2.09 and 4.05.

(e)    [Reserved].

(f)    Incremental Facility Loans. In addition to borrowings of Term Loans and
Revolving Credit Loans provided above, the Borrowers may at any time and from
time to time request that the Lenders (or additional financial institutions that
will become Lenders hereunder) enter into commitments to make Incremental
Facility Revolving Credit Loans (and participate in Incremental Facility Letters
of Credit, under Incremental Facility Revolving Credit Commitments) or
Incremental Facility Term Loans of one or more Series hereunder or, subject to
the limitations set forth below, constituting an increase in the amount of any
previously established Class of Commitments or Term Loans. In the event that one
or more Lenders (which term, as used in this paragraph (f) shall include such
additional financial institutions) offer, in their sole discretion, to enter
into such commitments, and such Lenders, the Borrowers and the Administrative
Agent (and, if applicable, the Issuing Lenders) agree pursuant to an instrument
in writing (the form and substance of which shall be satisfactory, and a copy of
which shall be delivered, to the Administrative Agent and the Lenders making
such Loans and, if applicable, the Issuing Lenders; any such instrument for any
Series of Incremental Facility Loans being herein called an “Incremental
Facility Agreement” for such Series) as to the amount of such commitments that
shall be allocated to the respective Lenders making such offers, the fees (if
any) to be payable by the Borrowers in connection therewith and the amortization
and interest rate to be applicable thereto, such Lenders shall become obligated
to make Incremental Facility Loans, and (if applicable) to participate in
Incremental Facility Letters of Credit, under this Agreement in an amount equal
to the amount of their respective Incremental Facility Commitments. Unless
specified to be an increase in any existing Class of Commitments or Term Loans,
the Incremental Facility Loans to be made, and (if applicable) Incremental
Facility Letters of

 

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Credit to be issued, pursuant to any Incremental Facility Agreement in response
to any such request by the Borrowers shall be deemed to be a separate “Series”
of Incremental Facility Loans, or (if applicable) Incremental Facility Letters
of Credit, for all purposes of this Agreement.

Anything herein to the contrary notwithstanding, the following additional
provisions shall be applicable to Incremental Facility Commitments and
Incremental Facility Loans:

(i)    the minimum aggregate principal amount of Incremental Facility
Commitments entered into pursuant to any such request shall be $10,000,000,

(ii)    any additional financial institution that is not already a Lender
hereunder that will provide all or any portion of the Incremental Facility
Commitment shall be approved by the Borrowers and the Administrative Agent
(which approval shall not be unreasonably withheld) and, in the case of any
Incremental Facility Revolving Credit Commitments that provide for Letters of
Credit, by each applicable Issuing Lender,

(iii)    after giving effect to the establishment of any Incremental Facility
Commitments (and any incurrence of Incremental Facility Term Loans and repayment
of Term Loans or termination of Commitments to occur in connection therewith on
the date such Incremental Facility Commitments become effective), in no event
shall the aggregate amount of all undrawn Incremental Facility Commitments and
Incremental Facility Term Loans incurred after the Third Restatement Effective
Date (excluding Refinancing Term Loans and Replacement Revolving Credit
Commitments) exceed the greater of (x) $350,000,000 and (y) any larger amount so
long as, in the case of this subclause (y), on a pro forma basis after giving
effect to the incurrence of such Incremental Facility Commitments and
Incremental Facility Loans (and assuming that all Incremental Facility
Commitments that are not Replacement Revolving Credit Commitments were fully
drawn), the Total Leverage Ratio shall not exceed 4.0 to 1.0,

(iv)    the Incremental Facility Term Loans and Incremental Facility Revolving
Credit Commitments established after the Fourth Restatement Effective Date,
respectively, shall have a Weighted Average Life to Maturity at least as long as
any other Class of Term Loans or Revolving Credit Commitments or Incremental
Facility Revolving Credit Commitments, respectively, then outstanding (or, in
the case of Refinancing Term Loans or Replacement Revolving Credit Commitments,
at least as long as the Weighted Average Life to Maturity of the Class of Term
Loans or Commitments refinanced therewith); provided that the foregoing shall
not apply to Incremental Facility Term Loans (“Incremental Facility Term A
Loans”) that, as determined by the Administrative Agent, are primarily
syndicated to Persons that are regulated as banks so long as such Incremental
Facility Term Loans have a final maturity that is no earlier than the latest
final maturity of any Revolving Credit Commitments or Incremental Facility
Revolving Credit Commitments then in effect and do not have scheduled
amortization prior to final maturity in excess of 15% per annum of the original
principal amount thereof, and

(v)    except for the amortization and interest rate, any fees to be paid in
connection therewith and, if applicable, the terms upon which Incremental
Facility Letters of Credit are to be issued, the Incremental Facility Revolving
Credit Commitments, Incremental Facility Loans and Incremental Facility Letters
of Credit of any Series shall have the same or less favorable terms as are
applicable to the Revolving Credit Commitments, Incremental Facility Revolving
Credit Commitments, Incremental Facility Revolving Credit Loans, Term Loans and
Letters of Credit, as applicable, then outstanding hereunder, provided that
(x) any Incremental Facility Commitments or Incremental Facility Loans may
provide for any terms, whether or not the same as those applicable to such
Revolving Credit Commitments, Incremental Facility Revolving Credit Commitments,
Term Loans and Letters of Credit hereunder, if such terms become effective upon
the payment in full and termination of such Revolving Credit Commitments,
Incremental Facility Revolving Credit Commitments, Term Loans and Letters of
Credit hereunder and (y) Incremental Facility Term A Loans may have more
restrictive terms than other Term Loans so long as such more restrictive terms
do not include any covenant or event of default that is more restrictive than
the covenants and events of default applicable to the Revolving Credit
Commitments and/or Incremental Facility Revolving Credit Commitments then in
effect.

 

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Following execution and delivery by the Borrowers, one or more Incremental
Facility Lenders and the Administrative Agent as provided above of an
Incremental Facility Agreement with respect to any Series then, subject to the
terms and conditions set forth herein:

(x)    if such Incremental Facility Loans are to be Incremental Facility
Revolving Credit Loans, each Incremental Facility Lender of such Series agrees
to make Incremental Facility Revolving Credit Loans of such Series to the
Borrowers, and (if applicable) issue Incremental Facility Letters of Credit of
such Series for the account of the Borrowers, from time to time during the
availability period for such Loans as set forth in such Incremental Facility
Agreement, in each case in an aggregate amount that will not result in such
Lender’s Incremental Facility Revolving Credit Loans and Incremental Facility
Letters of Credit of such Series exceeding such Lender’s Incremental Facility
Revolving Credit Commitment of such Series; within the foregoing limits and
subject to the terms and conditions set forth herein, the Borrowers may borrow,
prepay and reborrow Incremental Facility Revolving Credit Loans of such Series;
and

(y)    if such Incremental Facility Loans are to be Incremental Facility Term
Loans, each Incremental Facility Term Loan Lender of such Series agrees to make
Incremental Facility Term Loans of such Series to the Borrowers from time to
time during the availability period for such Loans set forth in such Incremental
Facility Agreement, in a principal amount up to but not exceeding such Lender’s
Incremental Facility Term Loan Commitment of such Series. In connection with the
incurrence of any Refinancing Term Loans that will repay in full any then
outstanding Class of Term Loans, if agreed to by the Borrowers, the
Administrative Agent and any Lender holding Term Loans of the applicable
Class to be repaid, all or a portion of such Lender’s Term Loans of such
Class may be converted to such Refinancing Term Loans on a “cashless roll” basis
in lieu of being repaid.

Proceeds of Incremental Facility Loans and Incremental Facility Letters of
Credit hereunder shall be available for any use permitted under Section 8.15(d)
and Section 8.15(e). The provisions of this Section 2.01(f) shall override any
provisions of Section 11.04 to the contrary.

(g)    Certain Limitations on Eurodollar Loans. No more than eight separate
Interest Periods in respect of Eurodollar Loans of a Class from each Lender may
be outstanding at any one time.

2.02    Borrowings. The Borrowers shall give the Administrative Agent notice of
each borrowing hereunder as provided in Section 4.05. Not later than (a) with
respect to same-day borrowings of Base Rate Loans, 11:00 a.m. New York time on
the date specified for each borrowing hereunder in the relevant borrowing notice
delivered pursuant to Section 4.05 and (b) with respect to borrowings other than
same-day Base Rate Loans, 1:00 p.m. New York time on the date for each borrowing
hereunder specified in the relevant borrowing notice delivered pursuant to
Section 4.05, each Lender shall make available the amount of the Loan or Loans
to be made by it on such date to the Administrative Agent, at an account
designated by the Administrative Agent to the Lenders, in immediately available
funds, for the account of the Borrowers. The amount so received by the
Administrative Agent shall, subject to the terms and conditions of this
Agreement, be made available to the Borrowers by depositing the same, in
immediately available funds, in an account of the Borrowers designated by the
Borrowers and maintained with JPMCB at its funding office; provided that on the
Fourth Restatement Effective Date, the Administrative Agent shall apply an
amount of proceeds of the Tranche M Term Loans sufficient to make the repayment
required by Section 3.01(h) and then shall remit any excess proceeds thereof as
directed by the Borrowers; provided, further that on the Fourth Restatement
Effective Date, the Administrative Agent shall apply an amount of proceeds of
the Tranche A-1 Term Loans sufficient to make the repayment required by
Section 3.01(e) and then shall remit any excess proceeds thereof as directed by
the Borrowers.

2.03    Letters of Credit. Subject to the terms and conditions of this
Agreement, the Revolving Credit Commitments (and, if specified at the time they
shall be established, the Incremental Facility Revolving Credit Commitments of
any Series) may be utilized, upon the request of the Borrowers, in addition to
the Revolving Credit Loans provided for by Section 2.01(a) (and, if applicable,
in addition to the Incremental Facility Revolving Credit Loans provided for by
Section 2.01(f)), by the issuance by any Issuing Lender of Letters of Credit of
the applicable Class for the account of the Borrowers or any of their
Subsidiaries (as specified by the relevant Borrower), provided that in no event
shall

 

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(i)    the aggregate amount of all Letter of Credit Liabilities of any Class,
together with the aggregate principal amount of the Loans of such Class, exceed
(x) in the case of Letters of Credit issued under the Revolving Credit
Commitments, the aggregate amount of the Revolving Credit Commitments as in
effect from time to time that are available at such time under the third
paragraph of Section 2.01(a) or (y) in the case of Letters of Credit issued
under the Incremental Facility Revolving Credit Commitments of any Series, the
aggregate amount of the Incremental Facility Revolving Credit Commitments of
such Series,

(ii)    the outstanding aggregate amount of all Letter of Credit Liabilities
under the Revolving Credit Commitments exceed $35,000,000, or the outstanding
aggregate amount of all Letters of Credit under the Incremental Facility
Revolving Credit Commitments of any Series exceed the respective limits therefor
specified at the time such Incremental Facility Revolving Credit Commitments are
established,

(iii)    the expiration date of any Letter of Credit of any Class extend beyond
the earlier of the date five Business Days prior to the Revolving Credit
Commitment Termination Date (or, in the case of an Incremental Facility Letter
of Credit, the commitment termination date of the applicable Series of
Incremental Facility Revolving Credit Commitments) and the date twelve months
following the issuance of such Letter of Credit (or, in the case of any renewal
or extension thereof, twelve months after the then-current expiration date of
such Letter of Credit, so long as such renewal or extension occurs within three
months of such then-current expiration date).

The Borrowers may request any Issuing Lender to issue Letters of Credit for the
account of the Borrowers to support an obligation of an Affiliate of the
Borrowers so long as the face amount of such Letter of Credit does not exceed
the amount of Restricted Payments the Borrowers may then make pursuant to
Section 8.09(d). The following additional provisions shall apply to Letters of
Credit:

(a)    Notice of Issuance. The Borrowers shall give the Administrative Agent at
least three Business Days’ irrevocable prior notice (effective upon receipt)
specifying the Business Day (which shall be no later than 30 days preceding the
Revolving Credit Commitment Termination Date or, if applicable, the commitment
termination date for the respective Series of Incremental Facility Revolving
Credit Commitments) each Letter of Credit is to be issued and the account party
or parties therefor and describing in reasonable detail the proposed terms of
such Letter of Credit (including the beneficiary thereof) and the nature of the
transactions or obligations proposed to be supported thereby (including whether
such Letter of Credit is to be a commercial letter of credit or a standby letter
of credit). Upon receipt of any such notice, the Administrative Agent shall
advise the relevant Issuing Lender of the contents thereof.

(b)    Participations in Letters of Credit. On each day during the period
commencing with the issuance by any Issuing Lender of any Letter of Credit of
any Class and until such Letter of Credit shall have expired or been terminated,
the Revolving Credit Commitment of each Revolving Credit Lender (or, as
applicable, the Incremental Facility Revolving Credit Commitment of each
Incremental Facility Revolving Credit Lender) shall be deemed to be utilized for
all purposes of this Agreement in an amount equal to such Lender’s Letter of
Credit Commitment Percentage of the then undrawn face amount of such Letter of
Credit. Each Revolving Credit Lender and each Incremental Facility Revolving
Credit Lender (other than the relevant Issuing Lender) agrees that, upon the
issuance of any Revolving Credit Letter of Credit or Incremental Facility Letter
of Credit hereunder, as applicable, it shall automatically acquire a
participation in such Issuing Lender’s liability under such Letter of Credit in
an amount equal to such Lender’s Letter of Credit Commitment Percentage of such
liability, and each such Lender (other than the relevant Issuing Lender) thereby
shall absolutely, unconditionally and irrevocably assume, as primary obligor and
not as surety, and shall be unconditionally obligated to such Issuing Lender to
pay and discharge when due, its Letter of Credit Commitment Percentage of such
Issuing Lender’s liability under such Letter of Credit.

(c)    Notice by Issuing Lender of Drawings. Upon receipt from the beneficiary
of any Letter of Credit of any demand for payment under such Letter of Credit,
the relevant Issuing Lender shall promptly notify the Borrowers (through the
Administrative Agent) of the amount to be paid by such Issuing Lender as a
result of such demand and the date on which payment is to be made by such
Issuing Lender to such beneficiary in respect of such demand. Notwithstanding
the identity of the account party of any Letter of Credit, the Borrowers hereby
jointly and severally unconditionally agree to pay and reimburse the

 

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Administrative Agent for the account of the relevant Issuing Lender for the
amount of each demand for payment under such Letter of Credit that is in
substantial compliance with the provisions of such Letter of Credit at or prior
to the date on which payment is to be made by such Issuing Lender to the
beneficiary thereunder, without presentment, demand, protest or other
formalities of any kind.

(d)    Notice by the Borrowers of Borrowing for Reimbursement. Forthwith upon
its receipt of a notice referred to in paragraph (c) of this Section 2.03, the
Borrowers shall advise the Administrative Agent whether or not the Borrowers
intend to borrow hereunder to finance their obligation to reimburse such Issuing
Lender for the amount of the related demand for payment and, if they do, submit
a notice of such borrowing as provided in Section 4.05.

(e)    Payments by Lenders to Issuing Lender. Each Revolving Credit Lender and
each Incremental Facility Revolving Credit Lender (other than the relevant
Issuing Lender), as applicable, shall pay to the Administrative Agent for the
account of such Issuing Lender at its principal office in Dollars and in
immediately available funds, the amount of such Lender’s Letter of Credit
Commitment Percentage of any payment under a Revolving Credit Letter of Credit
or Incremental Facility Letter of Credit, as applicable, upon notice by such
Issuing Lender (through the Administrative Agent) to such Lender requesting such
payment and specifying such amount. Each such Lender’s obligation to make such
payment to the Administrative Agent for the account of such Issuing Lender under
this paragraph (e), and such Issuing Lender’s right to receive the same, shall
be absolute and unconditional and shall not be affected by any circumstance
whatsoever, including, without limitation, the failure of any other Lender to
make its payment under this paragraph (e), the financial condition of the
Borrowers (or any other account party), the existence of any Default or the
termination of the Commitments. Each such payment to any Issuing Lender shall be
made without any offset, abatement, withholding or reduction whatsoever. If any
Revolving Credit Lender or Incremental Facility Revolving Credit Lender shall
default in its obligation to make any such payment to the Administrative Agent
for the account of an Issuing Lender, for so long as such default shall continue
the Administrative Agent may at the request of such Issuing Lender withhold from
any payments received by the Administrative Agent under this Agreement for the
account of such Lender the amount so in default and, to the extent so withheld,
pay the same to such Issuing Lender in satisfaction of such defaulted
obligation.

(f)    Participations in Reimbursement Obligations. Upon the making of each
payment by a Lender to an Issuing Lender pursuant to paragraph (e) above in
respect of any Letter of Credit, such Lender shall, automatically and without
any further action on the part of the Administrative Agent, such Issuing Lender
or such Lender, acquire (i) a participation in an amount equal to such payment
in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers
hereunder and under the Letter of Credit Documents relating to such Letter of
Credit and (ii) a participation in a percentage equal to such Lender’s Letter of
Credit Commitment Percentage in any interest or other amounts payable by the
Borrowers hereunder and under such Letter of Credit Documents in respect of such
Reimbursement Obligation (other than the commissions, charges, costs and
expenses payable to such Issuing Lender pursuant to paragraph (g) of this
Section 2.03). Upon receipt by an Issuing Lender from or for the account of the
Borrowers of any payment in respect of any Reimbursement Obligation or any such
interest or other amount (including by way of setoff or application of proceeds
of any collateral security) such Issuing Lender shall promptly pay to the
Administrative Agent for the account of each Lender entitled thereto, such
Lender’s Letter of Credit Commitment Percentage of such payment, each such
payment by such Issuing Lender to be made in the same money and funds in which
received by such Issuing Lender. In the event any payment received by an Issuing
Lender and so paid to a Lender hereunder is rescinded or must otherwise be
returned by such Issuing Lender, such Lender shall, upon the request of such
Issuing Lender (through the Administrative Agent), repay to such Issuing Lender
(through the Administrative Agent) the amount of such payment paid to such
Lender, with interest at the rate specified in paragraph (j) of this
Section 2.03.

(g)    Letter of Credit Fees. The Borrowers shall pay to the Administrative
Agent for the account of each Revolving Credit Lender or Incremental Facility
Revolving Credit Lender (ratably in accordance with their respective Letter of
Credit Commitment Percentages) a letter of credit fee in respect of each
Revolving Credit Letter of Credit or Incremental Facility Letter of Credit, as
applicable, in an amount equal to the Applicable Margin, in effect from time to
time, for Revolving Credit Loans or Incremental Facility

 

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Revolving Credit Loans of the respective Series, as applicable, that are
Eurodollar Loans on the daily average undrawn face amount of such Letter of
Credit for the period from and including the date of issuance of such Letter of
Credit (i) in the case of a Letter of Credit that expires in accordance with its
terms, to and including such expiration date and (ii) in the case of a Letter of
Credit that is drawn in full or is otherwise terminated other than on the stated
expiration date of such Letter of Credit, to but excluding the date such Letter
of Credit is drawn in full or is terminated (such fee to be non-refundable, to
be paid in arrears on each Quarterly Date and on the Revolving Credit Commitment
Termination Date (or, as applicable, the commitment termination date for the
Incremental Facility Revolving Credit Commitments of the relevant Series) and to
be calculated for any day after giving effect to any payments made under such
Letter of Credit on such day).

In addition, the Borrowers shall pay to the Administrative Agent for the account
of the relevant Issuing Lender a fronting fee in respect of each Letter of
Credit issued by such Issuing Lender in an amount equal to 1/4 of 1% per annum
of the daily average undrawn face amount of such Letter of Credit for the period
from and including the date of issuance of such Letter of Credit (i) in the case
of a Letter of Credit that expires in accordance with its terms, to and
including such expiration date and (ii) in the case of a Letter of Credit that
is drawn in full or is otherwise terminated other than on the stated expiration
date of such Letter of Credit, to but excluding the date such Letter of Credit
is drawn in full or is terminated (such fee to be non-refundable, to be paid in
arrears on each Quarterly Date and on the Revolving Credit Commitment
Termination Date or, as applicable, the commitment termination date for the
Incremental Facility Revolving Credit Commitments of the relevant Series, and to
be calculated for any day after giving effect to any payments made under such
Letter of Credit on such day) plus all commissions, charges, costs and expenses
in the amounts customarily charged by such Issuing Lender from time to time in
like circumstances with respect to the issuance of each Letter of Credit and
drawings and other transactions relating thereto.

(h)    Information Provided by Issuing Lender. Promptly following the end of
each calendar month, the Issuing Lenders shall deliver (through the
Administrative Agent) to each Revolving Credit Lender or Incremental Facility
Revolving Credit Lender, as applicable, and the Borrowers a notice describing
the aggregate amount of all Letters of Credit outstanding at the end of such
month. Upon the request of any Lender from time to time, the Issuing Lenders
shall deliver any other information reasonably requested by such Lender with
respect to each Letter of Credit then outstanding in which such Lender holds a
Letter of Credit Interest.

(i)    Conditions Precedent to Issuance. The issuance by any Issuing Lender of
each Letter of Credit shall, in addition to the conditions precedent set forth
in Section 6, be subject to the conditions precedent that (i) such Letter of
Credit shall be in such form, contain such terms and support such transactions
as shall be satisfactory to such Issuing Lender consistent with its then current
practices and procedures with respect to letters of credit of the same type and
(ii) the Borrowers shall have executed and delivered such applications,
agreements and other instruments relating to such Letter of Credit as such
Issuing Lender shall have reasonably requested consistent with its then current
practices and procedures with respect to letters of credit of the same type,
provided that in the event of any conflict between any such application,
agreement or other instrument and the provisions of this Agreement or any
Security Document, the provisions of this Agreement and the Security Documents
shall control.

(j)    Interest Payable to Issuing Lender by Lenders. To the extent that any
Lender shall fail to pay any amount required to be paid pursuant to paragraph
(e) or (f) of this Section 2.03 on the due date therefor, such Lender shall pay
interest to the relevant Issuing Lender (through the Administrative Agent) on
such amount from and including such due date to but excluding the date such
payment is made at a rate per annum equal to the Federal Funds Rate, provided
that if such Lender shall fail to make such payment to such Issuing Lender
within three Business Days of such due date, then, retroactively to the due
date, such Lender shall be obligated to pay interest on such amount at the
Post-Default Rate.

(k)    Modifications and Supplements. The issuance by an Issuing Lender of any
modification or supplement to any Letter of Credit hereunder shall be subject to
the same conditions applicable under this Section 2.03 to the issuance of new
Letters of Credit, and no such modification or supplement shall be issued
hereunder unless either (i) the respective Letter of Credit affected thereby
would have complied with such conditions had it originally been issued hereunder
in such modified or supplemented form or (ii) the Majority Lenders of the
applicable Class shall have consented thereto.

 

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The Borrowers hereby indemnify and hold harmless each Lender and the
Administrative Agent from and against any and all claims and damages, losses,
liabilities, costs or expenses that such Lender or the Administrative Agent may
incur (or that may be claimed against such Lender or the Administrative Agent by
any Person whatsoever) by reason of or in connection with the execution and
delivery or transfer of or payment or refusal to pay by any Issuing Lender under
any Letter of Credit; provided that the Borrowers shall not be required to
indemnify any Lender or the Administrative Agent for any claims, damages,
losses, liabilities, costs or expenses to the extent, but only to the extent,
caused by (x) the willful misconduct or gross negligence of any Issuing Lender
(as, and to the extent, determined by a court of competent jurisdiction in a
final, non-appealable judgment, it being understood that if it is determined by
a court of competent jurisdiction in a final, non-appealable judgment that any
such losses, liabilities, claims, damages or expenses were caused by the willful
misconduct or gross negligence of an Indemnified Party, such Indemnified Party
shall refund to the Borrowers any amounts paid by the Borrowers to such Person
pursuant to this paragraph in respect thereof) in determining whether a request
presented under any Letter of Credit complied with the terms of such Letter of
Credit or (y) in the case of any Issuing Lender, such Lender’s failure to pay
under any Letter of Credit after the presentation to it of a request strictly
complying with the terms and conditions of such Letter of Credit. Nothing in
this Section 2.03 is intended to limit the other obligations of the Borrowers,
any Lender or the Administrative Agent under this Agreement.

2.04    Changes of Commitments.

(a)    Optional Reductions of Commitments. The Borrowers shall have the right at
any time or from time to time (i) so long as no Revolving Credit Loans or Letter
of Credit Liabilities in respect of Revolving Credit Letters of Credit are
outstanding, to terminate the Revolving Credit Commitments, (ii) so long as no
Incremental Facility Revolving Credit Loans or Incremental Facility Letters of
Credit of a Series are outstanding, to terminate the Incremental Facility
Commitments of such Series and (iii) to reduce the aggregate unused amount of
the Revolving Credit Commitments or Incremental Facility Revolving Credit
Commitments of any Series (for which purpose use of such Commitments shall be
deemed to include the aggregate amount of Letter of Credit Liabilities in
respect of Letters of Credit issued under such Commitments); provided that
(x) the Borrowers shall give notice of each such termination or reduction as
provided in Section 4.05, (y) each partial reduction shall be in an aggregate
amount at least equal to $1,000,000 (or a larger multiple of $500,000) and
(z) each such reduction of Commitments shall be applied ratably to the
Commitments of each Class; provided that in connection with the establishment of
Replacement Revolving Credit Commitments, the Commitments of any existing
Class of the Lenders providing Replacement Revolving Credit Commitments may be
reduced on a non-pro rata basis with the Commitments of such Class of other
Lenders as directed by the Borrowers.

(b)    Mandatory Reductions or Terminations of Commitments. The aggregate amount
of the Incremental Facility Commitments of any Series shall be automatically
reduced to zero as provided in the applicable Incremental Facility Agreement.

(c)    No Reinstatement. Without prejudice to the ability of the Borrowers to
obtain additional Incremental Facility Commitments in accordance with
Section 2.01(f), the Commitments once terminated or reduced may not be
reinstated.

2.05    Commitment Fee. The Borrowers shall pay to the Administrative Agent for
the account of each Revolving Credit Lender a commitment fee on the daily
average unused amount of such Lender’s Revolving Credit Commitment (for which
purpose the aggregate amount of any Letter of Credit Liabilities in respect of
Revolving Credit Letters of Credit shall be deemed to be a pro rata (based on
the Revolving Credit Commitments) use of each Lender’s Revolving Credit
Commitment), for the period from and including the most recent date of payment
under the Third Restated Credit Agreement prior to the Fourth Restatement
Effective Date to but not including the earlier of the date such Revolving
Credit Commitment is terminated and the Revolving Credit Commitment Termination
Date, at a rate per annum equal to (x) 0.50% at any time the then-current Rate
Ratio (determined pursuant to Section 3.03 of this Agreement) is greater than or
equal to 3.00 to 1.00, (y) 0.375% at any time the then-current Rate Ratio (so
determined) is less than 3.00 to 1.00 but greater than or equal to 2.00 to 1.00
and (z) 0.25% at any time the then-current Rate Ratio (so determined) is less
than 2.00 to 1.00. Accrued commitment fees shall be payable on each Quarterly
Date and on the earlier of the date the Revolving Credit Commitments are
terminated and the Revolving Credit Commitment Termination Date.

 

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The Borrowers shall pay to the Administrative Agent for the account of each
Incremental Facility Lender of any Series a commitment fee in such amounts, and
on such dates, as shall have been agreed to by the Borrowers and such
Incremental Facility Lender upon the establishment of the Incremental Facility
Commitment of such Series to such Lender pursuant to Section 2.01(f). Accrued
commitment fee shall be payable on each Quarterly Date and on the earlier of the
date the relevant Commitments are terminated and the date on which the
Incremental Facility Commitments of such Series terminate, as the case may be.

2.06    Lending Offices. The Loans of each Type made by each Lender shall be
made and maintained at such Lender’s Applicable Lending Office for Loans of such
Type.

2.07    Several Obligations; Remedies Independent. The failure of any Lender to
make any Loan to be made by it on the date specified therefor shall not relieve
any other Lender of its obligation to make its Loan on such date, but neither
any Lender nor the Administrative Agent shall be responsible for the failure of
any other Lender to make a Loan to be made by such other Lender, and (except as
otherwise provided in Section 4.06) no Lender shall have any obligation to the
Administrative Agent or any other Lender for the failure by such Lender to make
any Loan required to be made by such Lender. Anything in this Agreement to the
contrary notwithstanding, each Lender hereby agrees with each other Lender that
no Lender shall take any action to protect or enforce its rights arising out of
this Agreement (including, without limitation, exercising any rights of off-set)
without first obtaining the prior written consent of the Administrative Agent or
the Majority Lenders, it being the intent of the Lenders that any such action to
protect or enforce rights under this Agreement shall be taken in concert and at
the direction or with the consent of the Administrative Agent or the Majority
Lenders and not individually by a single Lender.

2.08    Loan Accounts; Promissory Notes.

(a)    Maintenance of Records by Lenders. Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the
indebtedness of the Borrowers to such Lender resulting from each Loan made by
such Lender to the Borrowers, including the amounts of principal and interest
payable and paid to such Lender by the Borrowers from time to time hereunder.

(b)    Maintenance of Records by the Administrative Agent. The Administrative
Agent shall maintain accounts in which it shall record (i) the amount of each
Loan made hereunder to the Borrowers, the Class and Type thereof and the
Interest Period applicable thereto, (ii) the amount of any principal or interest
due and payable or to become due and payable from the Borrowers to each Lender
hereunder and (iii) the amount of any sum received by the Administrative Agent
hereunder from the Borrowers for the account of the Lenders and each Lender’s
share thereof.

(c)    Effect of Entries. The entries made in the accounts maintained pursuant
to paragraph (a) or (b) of this Section 2.08 shall be prima facie evidence of
the existence and amounts of the obligations recorded therein; provided that the
failure of any Lender or the Administrative Agent to maintain such accounts or
any error therein shall not in any manner affect the obligation of the Borrowers
to repay the Loans in accordance with the terms of this Agreement.

(d)    Promissory Notes. Any Lender may request that Loans of any Class made by
it to the Borrowers be evidenced by a promissory note. In such event, the
Borrowers shall prepare, execute and deliver to such Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by the Administrative
Agent. Thereafter, the Loans of the Borrowers evidenced by such promissory note
and interest thereon shall at all times (including after assignment pursuant to
Section 11.06) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is
a registered note, to such payee and its registered assigns).

 

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2.09    Optional Prepayments and Conversions or Continuations of Loans.

(a)    Subject to Section 4.04, the Borrowers shall have the right to prepay
Loans, or to Convert Loans of one Type into Loans of another Type or Continue
Loans of one Type as Loans of the same Type, at any time or from time to time,
provided that:

(i)    the Borrowers shall give the Administrative Agent notice of each such
prepayment, Conversion or Continuation as provided in Section 4.05 (and, upon
the date specified in any such notice of prepayment, the amount to be prepaid
shall become due and payable hereunder; provided that any such notice of
prepayment may, subject to Section 5.05, be conditioned upon the occurrence of a
refinancing transaction or other event);

(ii)    Eurodollar Loans may be prepaid or Converted at any time from time to
time, provided that the Borrowers shall pay any amounts owing under Section 5.05
in the event of any such prepayment or Conversion on any date other than the
last day of an Interest Period for such Loans;

(iii)    prepayments of any Class of Term Loans shall be applied to the
remaining installments of such Loans ratably in accordance with the respective
principal amounts thereof;

(iv)    any Conversion or Continuation of Eurodollar Loans shall be subject to
the provisions of Section 2.01(f); and

(v)    solely with respect to the Tranche M Term Loans, if on or prior to the
date that is six calendar months after the Fourth Restatement Effective Date
(A) any optional or mandatory prepayment of the Tranche M Term Loans from the
proceeds of a substantially concurrent borrowing of term loans is effected and
the interest rate in respect of such term loans is less than the interest rate
in respect of the Tranche M Term Loans; provided that, in determining such
applicable interest rates, original issue discount (“OID”) or upfront fees (but
exclusive of any arrangement, structuring or other fees payable in connection
therewith that are not shared with all lenders providing such term loans) (which
shall be deemed to constitute a like amount of OID) paid by the Borrowers to the
lenders under the term loan in the initial primary syndication thereof shall be
included and equated to interest rate (with OID being equated to interest based
on an assumed four-year average life), or (B) any Non-Consenting Lender is
required to transfer its Loans in connection with the Borrowers’ exercise of
their rights pursuant to Section 5.08 in connection with an amendment to this
Agreement that has the effect of lowering the interest rate (as determined in
accordance with the preceding subclause (A)) on the Tranche M Term Loans, then,
in each such case, the prepayment or assignment shall be accompanied by a fee
equal to 1.00% of the aggregate principal amount of the Tranche M Term Loans,
subject to such prepayment or assignment, as applicable.

(b)    It shall not be necessary in connection with the prepayment of any
Class of Term Loans that concurrent prepayments be made of any other Class of
Loans. Notwithstanding the foregoing, and without limiting the rights and
remedies of the Lenders under Section 9, in the event that any Event of Default
shall have occurred and be continuing, the Administrative Agent may (and at the
request of the Majority Lenders shall) suspend the right of the Borrowers to
Convert any Loan into a Eurodollar Loan, or to Continue any Loan as a Eurodollar
Loan, in which event all Loans shall be Converted (on the last day(s) of the
respective Interest Periods therefor) or Continued, as the case may be, as Base
Rate Loans.

2.10    Mandatory Prepayments and Reductions of Commitments.

(a)    Casualty Events. Upon the date one year following the receipt by any
Borrower or any of its Subsidiaries of the proceeds of insurance, condemnation
award or other compensation in respect of any Casualty Event affecting any
Property of any of the Borrowers or any of their Subsidiaries (or upon such
earlier date as the Borrowers or any such Subsidiary, as the case may be, shall
have determined not to repair or replace the Property affected by such Casualty
Event), the Borrowers shall prepay the Loans (and/or provide cover for Letter of
Credit Liabilities as specified in paragraph (f) below) in an aggregate amount,
if any, equal to 100% of the Net Available Proceeds of such Casualty Event not
theretofore applied (or committed to be applied pursuant to executed
construction contracts or equipment orders) to the repair or replacement of such
Property, such prepayment to be effected in each case in the manner and to the
extent specified in paragraph (e) of this Section 2.10. Notwithstanding the
foregoing, the Borrowers shall not be required to make any prepayment (and/or
provide cover for Letter of Credit Liabilities) under this paragraph (a) until
the aggregate amount of the Net Available Proceeds that must be prepaid under
this paragraph (a) exceeds $20,000,000.

 

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(b)    Excess Cash Flow. Not later than the date 150 days after the end of each
fiscal year of the Borrowers (or, if earlier, 30 days after the delivery of the
audited financial statements for such fiscal year pursuant to Section 8.01(b)),
commencing with the fiscal year ending on December 31, 2017, the Borrowers shall
prepay the Loans (and/or provide cover for Letter of Credit Liabilities as
specified in paragraph (f) below) in an aggregate amount equal to the excess of
(A) 50% of Excess Cash Flow for such fiscal year over (B) the aggregate amount
of voluntary prepayments of Term Loans made during such fiscal year pursuant to
Section 2.09 (other than that portion, if any, of such prepayments applied to
installments of the Term Loans falling due in such fiscal year), such prepayment
to be effected in each case in the manner and to the extent specified in
paragraph (e) of this Section 2.10, provided that the provisions of this
paragraph (b) shall not be applicable if as at the last day of such fiscal year
the Total Leverage Ratio shall be less than or equal to 4.50 to 1.

(c)    Debt Issuances. Subject to Section 2.10(e), upon any Debt Issuance, the
Borrowers shall prepay the Loans (and/or provide cover for Letter of Credit
Liabilities as specified in paragraph (f) below) in an aggregate amount equal to
100% of the Net Available Proceeds thereof, such prepayment to be effected in
each case in the manner and to the extent specified in paragraph (e) of this
Section 2.10.

(d)    Sale of Assets. Without limiting the obligation of the Borrowers to
obtain the consent of the Majority Lenders pursuant to Section 8.05 to any
Disposition not otherwise permitted hereunder, in the event that the aggregate
Net Available Proceeds of (x) any Disposition (herein, the “Current
Disposition”) plus (y) all prior Dispositions after the First Restatement
Effective Date (including amounts which were set aside for reinvestment pursuant
to the second paragraph of this Section 2.10(d) but were not in fact so
reinvested within one year) as to which a prepayment has not yet been made under
this Section 2.10(d),the proceeds of which have not previously been reinvested
or committed to be reinvested in accordance with the next paragraph or applied
to a mandatory prepayment (collectively, “Prior Dispositions”) shall exceed
$50,000,000, then, no later than five Business Days after the occurrence of the
Current Disposition, the Borrowers will deliver to the Administrative Agent
(which shall promptly provide a copy thereof to the Lenders) a statement,
certified by a Senior Officer, in form and detail satisfactory to the
Administrative Agent, of the aggregate amount of the Net Available Proceeds of
the Current Disposition and any such Prior Dispositions and will prepay the
Loans (and/or provide cover for Letter of Credit Liabilities as specified in
paragraph (f) below) in an aggregate amount equal to 100% of such aggregate Net
Available Proceeds of the Current Disposition and such Prior Dispositions, such
prepayment to be effected in each case in the manner and to the extent specified
in paragraph (e) of this Section 2.10. The amount of Net Available Proceeds from
Prior Dispositions as of the First Restatement Effective Date was $6,000,000.

Notwithstanding the foregoing, the Borrowers shall not be required to make a
prepayment pursuant to this paragraph (d) with respect to Net Available Proceeds
from any Disposition in the event that the Borrowers advise the Administrative
Agent at the time the Net Available Proceeds from such Disposition are received
that they intend to reinvest such Net Available Proceeds in replacement assets
pursuant to an Acquisition permitted under Section 8.05(d)(vi) or in Capital
Expenditures, so long as the Net Available Proceeds are applied, to the extent
the Borrowers so elect or are required, to prepay Term Loans within 12 months
following the receipt of such Net Available Proceeds from a Disposition or, to
the extent such Borrower elects, to make or commit to make pursuant to a written
agreement to acquire replacement assets pursuant to Section 8.05(d)(iv) or
pursuant to an Acquisition pursuant to Section 8.05(d)(vi), provided that such
investment occurs and such Net Available Proceeds are so applied within 12
months following the receipt of such Net Available Proceeds or, in the case of
funds committed to be invested in such assets pursuant to a written agreement
dated within 12 months following the receipt of such Net Available Proceeds,
such investment occurs within 18 months following the receipt of such Net
Available Proceeds.

(e)    Application. Prepayments and reductions of Commitments described above in
this Section 2.10 shall be applied, first, to the Term Loans of each Class then
outstanding ratably in accordance with the respective principal amounts of such
Loans outstanding at the time (except to the extent any Incremental Facility
Agreement or Extension Amendment provides that the Term Loans established
thereunder shall participate on a less than pro rata basis with any other
Class), second, following the prepayment in full of such Loans, to the Revolving
Credit Loans and the Incremental Facility Revolving Credit Loans, without
reduction of the Revolving Credit Commitments or the Incremental Facility
Revolving Credit Commitments and, third, to cover for outstanding Letter of
Credit Liabilities

 

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as provided in paragraph (f) below, ratably to Letter of Credit Liabilities
under the Revolving Credit Commitments and Incremental Facility Revolving Credit
Commitments of each Series. Prepayments pursuant to clause (c) of this
Section 2.10 shall be applied to the Class or Classes of Term Loans selected by
the Borrowers so long as no later maturing Class of Term Loans receives a
greater pro rata portion of the Net Available Proceeds described therein than
any earlier maturing Class of Term Loans.

(f)    Cover for Letter of Credit Liabilities. In the event that the Borrowers
shall be required pursuant to this Section 2.10, to provide cover for Letter of
Credit Liabilities, the Borrowers shall effect the same by paying to the
Administrative Agent immediately available funds in an amount equal to the
required amount, which funds shall be retained by the Administrative Agent in
the Collateral Account (as collateral security in the first instance for the
Letter of Credit Liabilities) until such time as the Letters of Credit shall
have been terminated and all of the Letter of Credit Liabilities paid in full.

(g)    Change in Commitments. If at any time either (i) the aggregate
outstanding amount of Revolving Credit Loans and Letter of Credit Liabilities in
respect of Revolving Credit Letters of Credit exceeds the aggregate amount of
the Revolving Credit Commitments then in effect, or (ii) the aggregate
outstanding amount of Incremental Facility Revolving Credit Loans of any Series
and the Letter of Credit Liabilities in respect of Incremental Facility Letters
of Credit of such Series exceeds the aggregate amount of the Incremental
Facility Revolving Credit Commitments of such Series, then and in either such
event the Borrowers shall prepay such Loans (and/or provide cover for such
Letter of Credit Liabilities as specified in paragraph (f) above) in such
amounts as shall be necessary so that after giving effect to such prepayment
(and cover), the aggregate outstanding amount of such Loans and such Letter of
Credit Liabilities does not exceed the aggregate amount of such Commitments,
provided that any such prepayment shall be accompanied by any amounts payable
under Section 5.05.

2.11    Defaulting Lenders. Notwithstanding any provision hereto to the
contrary, if any Revolving Credit Lender or Incremental Facility Revolving
Credit Lender becomes a Defaulting Lender, then the following provisions shall
apply for so long as such Lender is a Defaulting Lender:

(a)    if any Letters of Credit or Letter of Credit Liabilities of the
applicable Class are outstanding, then all or any part of the participation of
such Defaulting Lender in such Letters of Credit and Letter of Credit
Liabilities shall be reallocated among the non-Defaulting Lenders with
Commitments of the applicable Class, in accordance with their respective
Commitments of such Class, but only to the extent (x) the sum of all
non-Defaulting Lenders’ Loans of the applicable Class, and participations in
Letter of Credit Liabilities of the applicable Class plus such Defaulting
Lender’s Letter of Credit Commitment Percentage of the Letter of Credit
Liabilities of such Class does not exceed the total of all non-Defaulting
Lenders’ Commitments, and (y) the conditions set forth in Section 6.02 would be
satisfied at such time (determined as if such reallocation constituted the
issuance of a new Letter of Credit at such time).

(b)    if the reallocation described in clause (a) above cannot, or can only
partially, be effected, the Borrowers shall within one Business Day following
notice by the Administrative Agent provide cash cover for such Defaulting
Lender’s Letter of Credit Commitment Percentage of the Letters of Credit and
Letter of Credit Liabilities of the applicable Class (after giving effect to any
partial reallocation pursuant to clause (a) above) in accordance with the
procedures set forth in Section 2.10(f) of this Agreement for so long as such
Letters of Credit or Letter of Credit Liabilities are outstanding.

2.12    Extended Term Loans. The Borrowers may at any time and from time to time
request that all or a portion of the Term Loans of any Class (an “Existing
Class”) be converted to extend the scheduled maturity date(s) of any payment or
payments of principal (including at final maturity) with respect to such Term
Loans (any such Term Loans which have been so converted, “Extended Term Loans”)
and to provide for other terms consistent with this Section 2.12. In order to
establish Extended Term Loans, the Borrowers shall provide a notice to the
Administrative Agent (who shall provide a copy of such notice to each of the
Lenders under the applicable Existing Class) (an “Extension Request”) setting
forth the proposed terms of the Extended Term Loans to be established, which
shall be identical in all material respects to the Term Loans under the Existing
Class from which such Extended Term Loans are to be converted except that
(i) all or any of the scheduled amortization payments of principal and payment
at maturity of the Extended Term Loans may be delayed to later dates than the
scheduled amortization payments of principal and payment at maturity of the Term
Loans of such Existing Class to the extent provided in

 

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the applicable Extension Request, (ii) the interest rate and fee provisions with
respect to the Extended Term Loans may be different from those applicable to the
Term Loans of such Existing Class, in each case, to the extent provided in the
applicable Extension Request, and (iii) the Extension Request may provide for
other covenants and terms (x) that apply solely to any period after the Latest
Maturity Date at the time such Indebtedness is incurred or after approval
thereof by the Majority Lenders or (y) that are less favorable to the holders of
the Extended Term Loans than the covenants and terms applicable to the Existing
Class. The Borrowers shall provide the applicable Extension Request at least
three (3) Business Days prior to the date on which Lenders are requested to
respond. No Lender shall have any obligation to agree to have any of its Term
Loans of any Existing Class converted into Extended Term Loans pursuant to any
Extension Request. Any Lender (an “Extending Term Lender”) wishing to have all
or a portion of its Term Loans of the applicable Existing Class subject to such
Extension Request converted into Extended Term Loans shall notify the
Administrative Agent in writing (an “Extension Election”) on or prior to the
date specified in such Extension Request of the amount of its Term Loans of the
applicable Existing Class which it has elected to request be converted into
Extended Term Loans (subject to any minimum denomination requirements reasonably
imposed by the Administrative Agent). In the event that the aggregate amount of
Term Loans of the applicable Existing Class subject to Extension Elections
exceeds the amount of Extended Term Loans requested pursuant to the Extension
Request, Term Loans of the applicable Existing Class subject to Extension
Elections shall be converted to Extended Term Loans on a pro rata basis based on
the amount of Term Loans of the applicable Existing Class included in each such
Extension Election. If Extended Term Loans are established, remaining
amortization payments on the Existing Class of Term Loans shall be
correspondingly reduced. The final terms of the Extended Term Loans (which shall
be consistent with the Extension Request) and the allocations of the Extended
Term Loans among the Extending Term Lenders shall be as set forth in the
applicable Extension Amendment entered into by the Borrowers, the Administrative
Agent and the Extending Term Lenders. The Extended Term Loans established
pursuant to a single Extension Amendment shall, unless specified to be an
increase in a previously established Class of Term Loans constitute a separate
Class (an “Extension Series”) of Term Loans for all purposes of this Agreement.
The provisions of this Section 2.12 shall override any provisions of
Section 11.04 to the contrary.

2.13    Loan Buy-backs. Notwithstanding anything to the contrary in
Section 2.09, the Borrowers shall have the right at any time and from time to
time to offer to prepay Term Loans of any Class to the Lenders at a prepayment
price which is less than the principal amount of such Term Loans and on a non
pro rata basis (each, an “Offered Voluntary Prepayment”) pursuant to procedures
satisfactory to the Administrative Agent so long as (A) no Default or Event of
Default has occurred and is continuing or would result from such Offered
Voluntary Prepayment, (B) after giving effect to such Offered Voluntary
Prepayment, the sum of the unrestricted cash and cash equivalents of the
Borrowers on a consolidated basis and the unfunded Revolving Credit Commitments
and Incremental Facility Revolving Credit Commitments would not be less than
$100,000,000 and (C) after giving effect to such Offered Voluntary Prepayment,
the Borrowers would be in pro forma compliance with Section 8.10 as of the last
day of the most recently ended fiscal quarter for which financial statements
have been delivered. Any Offered Voluntary Prepayment shall be offered to all
Lenders with Term Loans of the Class selected by the Borrower on a pro rata
basis and the Borrowers shall deliver to the Administrative Agent an officer’s
certificate stating that (1) no Default or Event of Default has occurred and is
continuing or would result from such Offered Voluntary Prepayment, (2) each of
the conditions to such Offered Voluntary Prepayment contained in this
Section 2.13 has been satisfied, (3) any Term Loans acquired by the Borrowers
will be cancelled immediately and automatically, (4) the Borrowers have no
Material Information with respect to the Borrowers, their Affiliates or the
Loans that has not been provided to the Administrative Agent for disclosure to
the Lenders (other than Public Lenders) and (5) the Borrowers were not directed
to make the prepayment offer by any Affiliate which, to the knowledge of the
Borrowers following due inquiry, had any such undisclosed Material Information.
Any Term Loans that Lenders elect to have prepaid pursuant to an Offered
Voluntary Prepayment shall no longer be outstanding following payment by the
Borrowers of the agreed upon consideration.

Section 3.    Payments of Principal and Interest.

3.01    Repayment of Loans.

(a)    Revolving Credit Loans. The Borrowers hereby jointly and severally
promise to pay to the Administrative Agent for the account of each Lender the
entire outstanding principal amount of such Lender’s Revolving Credit Loans, and
each Revolving Credit Loan shall mature, on the Revolving Credit Commitment
Termination Date.

 

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(b)    Tranche M Term Loans. The Borrowers jointly and severally unconditionally
promise to pay to the Administrative Agent, for the account of the Tranche M
Term Loan Lenders the principal of the Tranche M Term Loans held by the Tranche
M Term Loan Lenders on each Principal Payment Date set forth in column (A) below
in the principal amount set forth opposite such date in column (B) below:

 

(A)

Principal Payment Date

   (B)
Principal Reduction  

December 31, 2017

   $ 2,000,000  

March 31, 2018

   $ 2,000,000  

June 30, 2018

   $ 2,000,000  

September 30, 2018

   $ 2,000,000  

December 31, 2018

   $ 2,000,000  

March 31, 2019

   $ 2,000,000  

June 30, 2019

   $ 2,000,000  

September 30, 2019

   $ 2,000,000  

December 31, 2019

   $ 2,000,000  

March 31, 2020

   $ 2,000,000  

June 30, 2020

   $ 2,000,000  

September 30, 2020

   $ 2,000,000  

December 31, 2020

   $ 2,000,000  

March 31, 2021

   $ 2,000,000  

June 30, 2021

   $ 2,000,000  

September 30, 2021

   $ 2,000,000  

December 31, 2021

   $ 2,000,000  

March 31, 2022

   $ 2,000,000  

June 30, 2022

   $ 2,000,000  

September 30, 2022

   $ 2,000,000  

December 31, 2022

   $ 2,000,000  

March 31, 2023

   $ 2,000,000  

June 30, 2023

   $ 2,000,000  

September 30, 2023

   $ 2,000,000  

December 31, 2023

   $ 2,000,000  

March 31, 2024

   $ 2,000,000  

June 30, 2024

   $ 2,000,000  

September 30, 2024

   $ 2,000,000  

December 31, 2024

   $ 2,000,000  

January 15, 2025

   $ 742,000,000  

To the extent not previously paid, all Tranche M Term Loans shall be due and
payable on the Tranche M Term Loan Maturity Date.

 

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(c)    Tranche A-1 Term Loans. The Borrowers jointly and severally
unconditionally promise to pay to the Administrative Agent for the account of
the Tranche A-1 Term Loan Lenders the principal of the Tranche A-1 Term Loans
held by the Tranche A-1 Term Loan Lender on each Principal Payment Date set
forth in column (A) below in the principal amount set forth opposite such date
in column (B) below:

 

(A)    (B)  

Principal Payment Date

   Principal Reduction  

December 31, 2017

   $ 3,125,000  

March 31, 2018

   $ 3,125,000  

June 30, 2018

   $ 3,125,000  

September 30, 2018

   $ 3,125,000  

December 31, 2018

   $ 3,125,000  

March 31, 2019

   $ 3,125,000  

June 30, 2019

   $ 3,125,000  

September 30, 2019

   $ 3,125,000  

December 31, 2019

   $ 3,125,000  

March 31, 2020

   $ 3,125,000  

June 30, 2020

   $ 3,125,000  

September 30, 2020

   $ 3,125,000  

December 31, 2020

   $ 3,125,000  

March 31, 2021

   $ 3,125,000  

June 30, 2021

   $ 3,125,000  

September 30, 2021

   $ 3,125,000  

December 31, 2021

   $ 3,125,000  

March 31, 2022

   $ 3,125,000  

June 30, 2022

   $ 3,125,000  

September 30, 2022

   $ 3,125,000  

November 2, 2022

   $ 187,500,000  

To the extent not previously paid, all Tranche A-1 Term Loans shall be due and
payable on the Tranche A-1 Term Loan Maturity Date.

(d)    [Reserved].

(e)    Tranche A Term Loans. The Borrowers hereby jointly and severally agree to
repay to each Lender with Tranche A Term Loans (other than Tranche A Term Loans
converted intoTranche A-1 Term Loans) the full principal amount of such Tranche
A Term Loans together with all accrued and unpaid interest thereon on the Fourth
Restatement Effective Date.

(f)    Incremental Facility Revolving Credit Loans. The Borrowers hereby jointly
and severally promise to pay to the Administrative Agent for the account of each
Lender the entire outstanding principal amount of such Lender’s Incremental
Facility Revolving Credit Loans of any Series, and each Incremental Facility
Revolving Credit Loan of such Series shall mature, on the commitment termination
date for such Series specified pursuant to Section 2.01(f) at the time the
respective Incremental Facility Revolving Credit Commitments of such Series are
established.

(g)    Incremental Facility Term Loans and Extended Term Loans. The Borrowers
hereby jointly and severally promise to pay to the Administrative Agent for the
account of the Incremental Facility Term Loan Lenders of any Series the
principal of the Incremental Facility Term Loans of such Series on the
respective Principal Payment Dates agreed upon between the Borrowers and such
Incremental Facility Term Loan Lenders pursuant to Section 2.01(f) at the time
such Lenders become obligated to make such Incremental Facility Term Loans
hereunder.

 

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The Borrowers hereby jointly and severally promise to pay to the Administrative
Agent for the account of the Extending Term Lenders of any Extension Series the
principal of the Extended Term Loans of such Extension Series on the respective
Principal Payment Dates agreed upon between the Borrowers and such Extending
Term Lenders pursuant to Section 2.12 at the time such Extended Term Loans were
provided for hereunder.

(h)    Tranche H Term Loans. The Borrower hereby jointly and severally agree to
repay to each Lender with Tranche H Term Loans (other than Tranche M Converted
Tranche H Term Loans) the full principal amount of such Tranche H Term Loans
together with all accrued and unpaid interest thereon on the Fourth Restatement
Effective Date.

3.02    Interest. The Borrowers hereby jointly and severally promise to pay to
the Administrative Agent for the account of each Lender interest on the unpaid
principal amount of each Loan made by such Lender for the period from and
including the date of such Loan (including, to the extent not previously paid,
all accrued interest on such Loan under the Third Restated Credit Agreement) to
but excluding the date such Loan shall be paid in full, at the following rates
per annum:

(a)    during such periods as such Loan is a Base Rate Loan, the Base Rate (as
in effect from time to time) plus the Applicable Margin and

(b)    during such periods as such Loan is a Eurodollar Loan, for each Interest
Period relating thereto, the Eurodollar Rate for such Loan for such Interest
Period plus the Applicable Margin.

Notwithstanding the foregoing, the Borrowers jointly and severally promise to
pay to the Administrative Agent for the account of each Lender interest at the
applicable Post-Default Rate on any principal of any Loan made by such Lender,
on any Reimbursement Obligation held by such Lender and on any other amount
payable by the Borrowers hereunder to or for the account of such Lender, that
shall not be paid in full when due (whether at stated maturity, by acceleration,
by mandatory prepayment or otherwise), for the period from and including the due
date thereof to but excluding the date the same is paid in full. Accrued
interest on each Loan shall be payable (i) in the case of a Base Rate Loan,
quarterly on the Quarterly Dates, (ii) in the case of a Eurodollar Loan, on the
last day of each Interest Period therefor and, if such Interest Period is longer
than three months, at three-month intervals following the first day of such
Interest Period, (iii) in the case of any Eurodollar Loan, upon the payment,
prepayment or Conversion thereof (but only on the principal amount so paid,
prepaid or Converted) and (iv) in the case of all Loans, upon the payment or
prepayment in full of the principal of the Loans, and the termination of the
Commitments, hereunder, except that interest payable at the Post-Default Rate
shall be payable from time to time on demand. Promptly after the determination
of any interest rate provided for herein or any change therein, the
Administrative Agent shall give notice thereof to the Lenders to which such
interest is payable and to the Borrowers.

3.03    Determination of Applicable Margin.

(a)    Determinations Generally. To the extent applicable, the Applicable Margin
for the period from October 1, 2017 to the day prior to the first Quarterly Date
occurring after the Fourth Restatement Effective Date shall be determined based
upon the most recent certificate delivered pursuant to Section 3.03 of the Third
Restated Credit Agreement. Thereafter, the Applicable Margin for each Quarterly
Payment Period shall be determined based upon a Rate Ratio Certificate for such
Quarterly Payment Period delivered by the Borrowers to the Administrative Agent
under this Section 3.03. If the Rate Ratio Certificate for any Quarterly Payment
Period is delivered to the Administrative Agent (which shall promptly provide a
copy thereof to the Lenders) three or more days prior to the first day of such
Quarterly Payment Period, any adjustment in the Applicable Margin required to be
made, as shown in such Rate Ratio Certificate, shall be effective on the first
day of such Quarterly Payment Period.

(b)    Effectiveness of Adjustments. If the Rate Ratio Certificate for any
Quarterly Payment Period is delivered by the Borrowers to the Administrative
Agent later than three days prior to the commencement of such Quarterly Payment
Period, then (i) any decrease in the Applicable Margin for such Quarterly
Payment Period shall not become effective on the first day of such Quarterly
Payment Period but shall instead become effective on the third day following
receipt by the Administrative Agent of such Rate Ratio Certificate and (ii) any
increase in the Applicable Margin for such Quarterly Payment Period shall become
effective retroactively from the first day of such Quarterly Payment Period.

 

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(c)    Retroactive Adjustments. If it shall be determined at any time, on the
basis of a certificate of a Senior Officer delivered pursuant to the last
sentence of Section 8.01 (or pursuant to the Third Restated Credit Agreement),
that the Applicable Margin then in effect for the current Quarterly Payment
Period, or any previous Quarterly Payment Period, is or was incorrect, and that
a correction would have the effect of increasing the Applicable Margin, then the
Applicable Margin shall be so increased (solely with respect to such Quarterly
Payment Period or Periods), effective retroactively from the first day of such
Quarterly Payment Period, provided that in the event such certificate for any
fiscal quarter is not delivered pursuant to Section 8.01 within 60 days of the
end of such fiscal quarter, then, unless the Borrowers shall deliver such
certificate within 10 days after notice of such non-delivery shall be given by
any Lender or the Administrative Agent to the Borrowers, the Applicable Margin
for such Quarterly Payment Period shall be deemed to be the highest Applicable
Margin provided for in the definition of such term in Section 1.01; provided
further, that for avoidance of doubt, the parties acknowledge that Section 3.03
of the Original Credit Agreement, First Restated Credit Agreement, Second
Restated Credit Agreement or Third Restated Credit Agreement, as applicable,
shall continue to be applicable to Quarterly Payment Periods (as defined
therein) for periods prior to the Fourth Restatement Effective Date, and any
adjustment required pursuant thereto shall continue to apply.

(d)    Recalculation of Interest. In the event of any retroactive increase in
the Applicable Margin for any Quarterly Payment Period pursuant to paragraph
(a), (b) or (c) above, the amount of interest in respect of any applicable Loan
outstanding during all or any portion of such Quarterly Payment Period shall be
recalculated using the Applicable Margin as so increased. On the Business Day
immediately following receipt by the Borrowers of notice from the Administrative
Agent of such increase, the Borrowers shall pay to the Administrative Agent, for
the account of the Lenders, an amount equal to the difference between (i) the
amount of interest previously paid or payable by the Borrowers in respect of
such Loan for such Quarterly Payment Period and (ii) the amount of interest in
respect of such Loan as so recalculated for such Quarterly Payment Period.

Section 4.    Payments; Pro Rata Treatment; Computations; Etc.

4.01    Payments.

(a)    Payments by the Borrowers. Except to the extent otherwise provided
herein, all payments of principal, interest, Reimbursement Obligations and other
amounts to be made by the Borrowers under this Agreement, and except to the
extent otherwise provided therein, all payments to be made by the Borrowers
under any other Loan Document shall be made in Dollars, in immediately available
funds, without deduction, set-off or counterclaim, to the Administrative Agent
at an account designated by the Administrative Agent to the Borrowers, not later
than 1:00 p.m. New York time on the date on which such payment shall become due
(each such payment made after such time on such due date to be deemed to have
been made on the next succeeding Business Day).

(b)    Debit for Payment. Any Lender for whose account any such payment is to be
made may (but shall not be obligated to) debit the amount of any such payment
that is not made by such time to any ordinary deposit account of the Borrowers
with such Lender (with notice to the Borrowers and the Administrative Agent),
provided that such Lender’s failure to give such notice shall not affect the
validity thereof.

(c)    Application of Payments. The Borrowers shall, at the time of making each
payment under this Agreement for the account of any Lender, specify to the
Administrative Agent (which shall so notify the intended recipient(s) thereof)
the Loans, Reimbursement Obligations or other amounts payable by the Borrowers
hereunder to which such payment is to be applied (and in the event that the
Borrowers fail to so specify, or if an Event of Default has occurred and is
continuing, the Administrative Agent may distribute such payment to the Lenders
for application in such manner as it or the Majority Lenders, subject to
Section 4.02, may determine to be appropriate).

(d)    Forwarding of Payments by Administrative Agent. Except to the extent
otherwise provided in the last sentence of Section 2.03(e), each payment
received by the Administrative Agent under this Agreement for the account of any
Lender shall be paid by the Administrative Agent promptly to such Lender, in
immediately available funds, for the account of such Lender’s Applicable Lending
Office for the Loan or other obligation in respect of which such payment is
made.

 

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(e)    Extensions to Next Business Day. If the due date of any payment under
this Agreement would otherwise fall on a day that is not a Business Day, such
date shall be extended to the next succeeding Business Day, and interest shall
be payable for any principal so extended for the period of such extension.

4.02    Pro Rata Treatment. Except to the extent otherwise provided herein:

(a)    each borrowing of Loans of a particular Class from the Lenders under
Section 2.01 shall be made from the relevant Lenders, each payment of commitment
fee under Section 2.05 in respect of Commitments of a particular Class shall be
made for the account of the relevant Lenders, and each termination or reduction
of the amount of the Commitments of a particular Class under Section 2.04 shall
be applied to the respective Commitments of such Class of the relevant Lenders,
pro rata according to the amounts of their respective Commitments of such Class;

(b)    except as otherwise provided in Section 5.04, Eurodollar Loans of any
Class having the same Interest Period shall be allocated pro rata among the
relevant Lenders according to the amounts of their respective Commitments of the
relevant Class (in the case of the making of Loans) or their respective Loans of
the relevant Class (in the case of Conversions and Continuations of Loans);

(c)    each payment or prepayment of principal of Loans of any Class by the
Borrowers shall be made for the account of the relevant Lenders pro rata in
accordance with the respective unpaid principal amounts of the Loans of such
Class held by them; and

(d)    each payment of interest on Loans of any Class by the Borrowers shall be
made for the account of the relevant Lenders pro rata in accordance with the
amounts of interest on such Loans then due and payable to the respective
Lenders.

4.03    Computations. Interest on Eurodollar Loans shall be computed on the
basis of a year of 360 days and actual days elapsed (including the first day but
excluding the last day) occurring in the period for which payable and interest
on Base Rate Loans and Reimbursement Obligations, commitment fee and letter of
credit fees shall be computed on the basis of a year of 365 or 366 days, as the
case may be, and actual days elapsed (including the first day but, except as
otherwise provided in Section 2.03(g), excluding the last day) occurring in the
period for which payable. Notwithstanding the foregoing, for each day that the
Base Rate is calculated by reference to the Federal Funds Rate, interest on Base
Rate Loans shall be computed on the basis of a year of 360 days and actual days
elapsed.

4.04    Minimum Amounts. Except for mandatory prepayments made pursuant to
Section 2.10 and Conversions or prepayments made pursuant to Section 5.04, each
borrowing, Conversion and partial prepayment of principal of Base Rate Loans
(other than mandatory prepayments of Term Loans, as to which the provisions of
Section 2.10 shall apply) shall be in an aggregate amount at least equal to
$1,000,000 or a larger multiple of $500,000 and each borrowing, Conversion and
partial prepayment of Eurodollar Loans (other than prepayments of Term Loans, as
to which the provisions of Section 2.09(b) shall apply) shall be in an aggregate
amount at least equal to $3,000,000 or a larger multiple of $1,000,000
(borrowings, Conversions or prepayments of or into Loans of different Types or,
in the case of Eurodollar Loans, having different Interest Periods at the same
time hereunder to be deemed separate borrowings, Conversions and prepayments for
purposes of the foregoing, one for each Type or Interest Period). If any
Eurodollar Loans would otherwise be in a lesser principal amount for any period,
such Loans shall be Base Rate Loans during such period.

 

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4.05    Certain Notices. Notices by the Borrowers to the Administrative Agent of
terminations or reductions of the Commitments, of borrowings, Conversions,
Continuations and optional prepayments of Loans and of Classes of Loans, of
Types of Loans and of the duration of Interest Periods shall be irrevocable and
shall be effective only if received by the Administrative Agent not later than
(a) with respect to same-day borrowings or prepayments of Base Rate Loans, 11:00
a.m. New York time on the date of the relevant borrowing or prepayment and
(b) with respect to borrowings other than same-day Base Rate Loans or
prepayments of Loans other than Base Rate Loans, 1:00 p.m. New York time on the
number of Business Days prior to the date of the relevant termination,
reduction, borrowing, Conversion, Continuation or prepayment or the first day of
such Interest Period specified below:

 

Notice

   Number of Business
Days Prior

Termination or reduction of Commitments

   3

Borrowing of same-day Base Rate Loans and prepayment of Base Rate Loans

   Same day

Borrowing of non-same day Base Rate Loans

   1

Conversions into Base Rate Loans

   1

Borrowing or prepayment of, Conversions into, Continuations as, or duration of
Interest Period for, Eurodollar Loans

   3

Each such notice of termination or reduction shall specify the amount and the
Class of the Commitments to be terminated or reduced. Each such notice of
borrowing, Conversion, Continuation or optional prepayment shall specify the
Class of Loans to be borrowed, Converted, Continued or prepaid and the amount
(subject to Section 4.04) and Type of each Loan to be borrowed, Converted,
Continued or prepaid and the date of borrowing, Conversion, Continuation or
optional prepayment (which shall be a Business Day). Each such notice of the
duration of an Interest Period shall specify the Loans to which such Interest
Period is to relate.

The Administrative Agent shall promptly notify the Lenders of the contents of
each such notice. In the event that the Borrowers fail to select the Type of
Loan, or the duration of any Interest Period for any Eurodollar Loan, within the
time period and otherwise as provided in this Section 4.05, such Loan (if
outstanding as a Eurodollar Loan) will be automatically Converted into a Base
Rate Loan on the last day of the then current Interest Period for such Loan or
(if outstanding as a Base Rate Loan) will remain as, or (if not then
outstanding) will be made as, a Base Rate Loan.

4.06    Non-Receipt of Funds by the Administrative Agent. Unless the
Administrative Agent shall have been notified by a Lender or the Borrowers (the
“Payor”) prior to the date on which the Payor is to make payment to the
Administrative Agent of (in the case of a Lender) the proceeds of a Loan to be
made by such Lender hereunder or (in the case of the Borrowers) a payment to the
Administrative Agent for the account of one or more of the Lenders hereunder
(such payment being herein called the “Required Payment”), which notice shall be
effective upon receipt, that the Payor does not intend to make the Required
Payment to the Administrative Agent, the Administrative Agent may assume that
the Required Payment has been made and may, in reliance upon such assumption
(but shall not be required to), make the amount thereof available to the
intended recipient(s) on such date; and, if the Payor has not in fact made the
Required Payment to the Administrative Agent, the recipient(s) of such payment
shall, on demand, repay to the Administrative Agent the amount so made available
together with interest thereon in respect of each day during the period
commencing on the date (the “Advance Date”) such amount was so made available by
the Administrative Agent until the date the Administrative Agent recovers such
amount at a rate per annum equal to the Federal Funds Rate for such day and, if
such recipient(s) shall fail promptly to make such payment, the Administrative
Agent shall be entitled to recover such amount, on demand, from the Payor,
together with interest as aforesaid, provided that if neither the recipient(s)
nor the Payor shall return the Required Payment to the Administrative Agent
within three Business Days of the Advance Date, then, retroactively to the
Advance Date, the Payor and the recipient(s) shall each be obligated to pay
interest on the Required Payment as follows:

(i)    if the Required Payment shall represent a payment to be made by the
Borrowers to the Lenders, the Borrowers and the recipient(s) shall each be
obligated retroactively to the Advance Date to pay interest in respect of the
Required Payment at the Post-Default Rate (without duplication of the obligation
of the Borrowers under Section 3.02 to pay interest on the Required Payment at
the Post-Default Rate), it being understood that the return by the recipient(s)
of the Required Payment to the Administrative Agent shall not limit such
obligation of the Borrowers under Section 3.02 to pay interest at the
Post-Default Rate in respect of the Required Payment and

(ii)    if the Required Payment shall represent proceeds of a Loan to be made by
the Lenders to the Borrowers, the Payor and the Borrowers shall each be
obligated retroactively to the Advance Date to pay interest in respect of the
Required Payment pursuant to whichever of the rates specified in Section 3.02 is
applicable to the Type of such Loan, it being understood that the return by the
Borrowers of the Required Payment to the Administrative Agent shall not limit
any claim the Borrowers may have against the Payor in respect of such Required
Payment.

 

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4.07    Sharing of Payments, Etc.

(a)    Right of Set-off. Each Borrower agrees that, in addition to (and without
limitation of) any right of set-off, banker’s lien or counterclaim a Lender may
otherwise have, each Lender shall be entitled, at its option (to the fullest
extent permitted by law), to set off and apply any deposit (general or special,
time or demand, provisional or final), or other indebtedness, held by it for the
credit or account of such Borrower at any of its offices, in Dollars or in any
other currency, against any principal of or interest on any of such Lender’s
Loans, Reimbursement Obligations or any other amount payable to such Lender
hereunder, that is not paid when due (regardless of whether such deposit or
other indebtedness are then due to such Borrower), in which case it shall
promptly notify such Borrower and the Administrative Agent thereof, provided
that such Lender’s failure to give such notice shall not affect the validity
thereof.

(b)    Sharing. Except as expressly provided herein, if any Lender shall obtain
from any Borrower payment of any principal of or interest on any Loan or Letter
of Credit Liability of any Class owing to it or payment of any other amount
under this Agreement or any other Loan Document through the exercise of any
right of set-off, banker’s lien or counterclaim or similar right or otherwise
(other than from the Administrative Agent as provided herein), and, as a result
of such payment, such Lender shall have received a greater percentage of the
principal of or interest on the Loans or Letter of Credit Liabilities of any
Class or such other amounts then due hereunder or thereunder by such Borrower to
such Lender than the percentage received by any other Lender, it shall promptly
purchase from such other Lenders participations in (or, if and to the extent
specified by such Lender, direct interests in) the Loans or Letter of Credit
Liabilities of any Class or such other amounts, respectively, owing to such
other Lenders (or in interest due thereon, as the case may be) in such amounts,
and make such other adjustments from time to time as shall be equitable, to the
end that all the Lenders shall share the benefit of such excess payment (net of
any expenses that may be incurred by such Lender in obtaining or preserving such
excess payment) pro rata in accordance with the unpaid principal of and/or
interest on the Loans or Letter of Credit Liabilities of any Class or such other
amounts, respectively, owing to each of the Lenders. To such end all the Lenders
shall make appropriate adjustments among themselves (by the resale of
participations sold or otherwise) if such payment is rescinded or must otherwise
be restored.

(c)    Consent by the Borrowers. Each Borrower agrees that any Lender so
purchasing such a participation (or direct interest) may exercise all rights of
set-off, banker’s lien, counterclaim or similar rights with respect to such
participation as fully as if such Lender were a direct holder of Loans or other
amounts (as the case may be) owing to such Lender in the amount of such
participation.

(d)    Rights of Lenders; Bankruptcy. Nothing contained herein shall require any
Lender to exercise any such right or shall affect the right of any Lender to
exercise, and retain the benefits of exercising, any such right with respect to
any other indebtedness or obligation of the Borrowers. If, under any applicable
bankruptcy, insolvency or other similar law, any Lender receives a secured claim
in lieu of a set-off to which this Section 4.07 applies, such Lender shall, to
the extent practicable, exercise its rights in respect of such secured claim in
a manner consistent with the rights of the Lenders entitled under this
Section 4.07 to share in the benefits of any recovery on such secured claim.

(e)    Additional A-1 Term Lender Equities. This Section 4.07 shall not apply to
any action taken by the Additional Tranche A-1 Term Lender with respect to any
Additional Tranche A-1 Term Lender Equities held by any Borrower.

Section 5.    Yield Protection, Etc.

5.01    Additional Costs.

(a)    Costs of Making or Maintaining Eurodollar Loans. The Borrowers shall pay
directly to each Lender from time to time such amounts as such Lender may
determine to be necessary to compensate such Lender for any costs that such
Lender determines are attributable to its making or maintaining of any
Eurodollar Loans or its obligation to make any Eurodollar Loans hereunder, or
any reduction in any amount receivable by such Lender hereunder in respect of
any of such Loans or such obligation (such increases in costs and reductions in
amounts receivable being herein called “Additional Costs”), resulting from any
Change in Law that:

(i)    shall subject any Lender (or its Applicable Lending Office for any of
such Loans) to any tax, duty or other charge in respect of such Loans or changes
the basis of taxation of any amounts payable to such Lender under this Agreement
in respect of any of such Loans (excluding changes in the rate of tax on the
overall net income of such Lender or of such Applicable Lending Office by the
jurisdiction in which such Lender has its principal office or such Applicable
Lending Office); or

 

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(ii)    imposes or modifies any reserve, special deposit or similar requirements
(other than the Statutory Reserve Rate utilized in the determination of the
Eurodollar Rate for such Loan) relating to any extensions of credit or other
assets of, or any deposits with or other liabilities of, such Lender (including,
without limitation, any of such Loans or any deposits referred to in the
definition of “Eurodollar Base Rate” in Section 1.01), or any commitment of such
Lender (including, without limitation, the Commitments of such Lender
hereunder); or

(iii)    imposes any other condition affecting this Agreement (or any of such
extensions of credit or liabilities) or its Commitments.

If any Lender requests compensation from the Borrowers under this
Section 5.01(a), the Borrowers may, by notice to such Lender (with a copy to the
Administrative Agent), suspend the obligation of such Lender thereafter to make
or Continue Eurodollar Loans, or to Convert Base Rate Loans into Eurodollar
Loans, until the Change in Law giving rise to such request ceases to be in
effect (in which case the provisions of Section 5.04 shall be applicable),
provided that such suspension shall not affect the right of such Lender to
receive the compensation so requested.

(b)    Capital Costs. If any Lender or Issuing Lender determines that any Change
in Law affecting such Lender or Issuing Lender or any lending office of such
Lender or such Lender’s or Issuing Lender’s holding company, if any, regarding
capital or liquidity requirements, has or would have the effect of reducing the
rate of return on such Lender’s or Issuing Lender’s capital or on the capital of
such Lender’s or Issuing Lender’s holding company, if any, as a consequence of
this Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of
Credit issued by any Issuing Lender, to a level below that which such Lender or
Issuing Lender or such Lender’s or Issuing Lender’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or
Issuing Lender’s policies and the policies of such Lender’s or Issuing Lender’s
holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or Issuing Lender, as the case may be, such
additional amount or amounts as will compensate such Lender or Issuing Lender or
such Lender’s or Issuing Lender’s holding company for any such reduction
suffered.

(c)    Notification and Certification. Each Lender shall notify the Borrowers of
any event occurring after the First Restatement Effective Date entitling such
Lender to compensation under paragraph (a) or (b) of this Section 5.01 as
promptly as practicable, but in any event within 45 days, after such Lender
obtains actual knowledge thereof; provided that (i) if any Lender fails to give
such notice within 45 days after it obtains actual knowledge of such an event,
such Lender shall, with respect to compensation payable pursuant to this
Section 5.01 in respect of any costs resulting from such event, only be entitled
to payment under this Section 5.01 for costs incurred from and after the date 45
days prior to the date that such Lender does give such notice and (ii) each
Lender will designate a different Applicable Lending Office for the Loans of
such Lender affected by such event if such designation will avoid the need for,
or reduce the amount of, such compensation and will not, in the sole opinion of
such Lender, be disadvantageous to such Lender, except that such Lender shall
have no obligation to designate an Applicable Lending Office located in the
United States of America. Each Lender will furnish to the Borrowers a
certificate setting forth the basis and amount of each request by such Lender
for compensation under paragraph (a) or (b) of this Section 5.01. Determinations
and allocations by any Lender for purposes of this Section 5.01 of the effect of
any Change in Law pursuant to paragraph (a) of this Section 5.01, or of the
effect of capital maintained pursuant to paragraph (b) of this Section 5.01, on
its costs or rate of return of maintaining Loans or its obligation to make
Loans, or on amounts receivable by it in respect of Loans, and of the amounts
required to compensate such Lender under this Section 5.01, shall be conclusive,
provided that such determinations and allocations are made on a reasonable
basis.

 

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5.02    Alternate Rate of Interest.

(a)    If prior to the commencement of any Interest Period for a Eurodollar
Loan:

(i)    the Administrative Agent determines (which determination shall be
conclusive absent manifest error) that adequate and reasonable means do not
exist for ascertaining the Eurodollar Rate or the Eurodollar Base Rate, as
applicable (including, without limitation, because the LIBOR Screen Rate is not
available or published on a current basis), for such Interest Period; or

(ii)    the Administrative Agent is advised by the Majority Lenders of any
particular Class of Loans that the Eurodollar Rate or the Eurodollar Base Rate,
as applicable, for such Interest Period will not adequately and fairly reflect
the cost to such Lenders (or Lender) of making or maintaining their Loans (or
its Loan) included in such Loan for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the
Lenders by telephone or telecopy as promptly as practicable thereafter and,
until the Administrative Agent notifies the Borrower and the Lenders that the
circumstances giving rise to such notice no longer exist, (A) any Interest
Election Request that requests the Conversion of any Loan to, or Continuation of
any Loan as, a Eurodollar Loan shall be ineffective and (B) if any notice of
borrowing requests a Eurodollar Loan, such Loan shall be made as a Base
Rate Loan.

(b)    If at any time the Administrative Agent determines (which determination
shall be conclusive absent manifest error) that (i) the circumstances set forth
in clause (a)(i) have arisen and such circumstances are unlikely to be temporary
or (ii) the circumstances set forth in clause (a)(i) have not arisen but the
supervisor for the administrator of the LIBOR Screen Rate or a Governmental
Authority having jurisdiction over the Administrative Agent has made a public
statement identifying a specific date after which the LIBOR Screen Rate shall no
longer be used for determining interest rates for loans, then the Administrative
Agent and the Borrower shall endeavor to establish an alternate rate of interest
to the LIBOR Screen Rate that gives due consideration to the then prevailing
market convention for determining a rate of interest for syndicated loans in the
United States at such time, and shall enter into an amendment to this Agreement
to reflect such alternate rate of interest and such other related changes to
this Agreement as may be applicable (but for the avoidance of doubt, such
related changes shall not include a reduction of the Applicable Margin).
Notwithstanding anything to the contrary in Section 11.04, such amendment shall
become effective without any further action or consent of any other party to
this Agreement so long as the Administrative Agent shall not have received,
within five Business Days of the date notice of such alternate rate of interest
is provided to the Lenders, a written notice from the Majority Lenders of each
Class stating that such Majority Lenders object to such amendment. Until an
alternate rate of interest shall be determined in accordance with this clause
(b) (but, in the case of the circumstances described in clause (ii) of the first
sentence of this Section 5.02(b), only to the extent the LIBOR Screen Rate for
such Interest Period is not available or published at such time on a current
basis), (x) any Interest Election Request that requests the Conversion of any
Loan to, or Continuation of any Loan as, a Eurodollar Loan shall be ineffective
and (y) if any notice of borrowing requests a Eurodollar Loan, such Loan shall
be made as a Base Rate Loan; provided that, if such alternate rate of interest
shall be less than zero, such rate shall be deemed to be zero for the purposes
of this Agreement.

5.03    Illegality. Notwithstanding any other provision of this Agreement, in
the event that it becomes unlawful for any Lender or its Applicable Lending
Office to honor its obligation to make or maintain Eurodollar Loans hereunder
(and, in the sole opinion of such Lender, the designation of a different
Applicable Lending Office would either not avoid such unlawfulness or would be
disadvantageous to such Lender), then such Lender shall promptly notify the
Borrowers thereof (with a copy to the Administrative Agent) and such Lender’s
obligation to make or Continue, or to Convert Loans of any other Type into,
Eurodollar Loans shall be suspended until such time as such Lender may again
make and maintain Eurodollar Loans (in which case the provisions of Section 5.04
shall be applicable).

5.04    Treatment of Affected Loans. If the obligation of any Lender to make
Eurodollar Loans of any Class or to Continue, or to Convert Base Rate Loans
into, Eurodollar Loans of any Class shall be suspended pursuant to Section 5.01
or 5.03, such Lender’s Eurodollar Loans of such Class shall be automatically
Converted into Base Rate Loans of such Class on the last day(s) of the then
current Interest Period(s) for Eurodollar Loans (or, in the case of a Conversion
resulting from a circumstance described in Section 5.03, on such earlier date as
such Lender may specify to the Borrowers with a copy to the Administrative
Agent) and, unless and until such Lender gives notice as provided below that the
circumstances specified in Section 5.01 or 5.03 that gave rise to such
Conversion no longer exist:

(a)    to the extent that such Lender’s Eurodollar Loans of such Class have been
so Converted, all payments and prepayments of principal that would otherwise be
applied to such Lender’s Eurodollar Loans of such Class shall be applied instead
to its Base Rate Loans of such Class; and

 

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(b)    all Loans of such Class that would otherwise be made or Continued by such
Lender as Eurodollar Loans shall be made or Continued instead as Base Rate
Loans, and all Base Rate Loans of such Class of such Lender that would otherwise
be Converted into Eurodollar Loans shall remain as Base Rate Loans.

If such Lender gives notice to the Borrowers with a copy to the Administrative
Agent that the circumstances specified in Section 5.01 or 5.03 that gave rise to
the Conversion of such Lender’s Eurodollar Loans pursuant to this Section 5.04
no longer exist (which such Lender agrees to do promptly upon such circumstances
ceasing to exist) at a time when Eurodollar Loans of the same Class made by
other Lenders are outstanding, such Lender’s Base Rate Loans of such Class shall
be automatically Converted, on the first day(s) of the next succeeding Interest
Period(s) for such outstanding Eurodollar Loans, to the extent necessary so
that, after giving effect thereto, all Base Rate and Eurodollar Loans of such
Class are allocated among the Lenders ratably (as to principal amounts, Types
and Interest Periods) in accordance with their respective Commitments of such
Class.

5.05    Compensation. The Borrowers shall pay to the Administrative Agent for
the account of each Lender, upon the request of such Lender through the
Administrative Agent, such amount or amounts as shall be sufficient (in the
reasonable opinion of such Lender) to compensate it for any loss, cost or
expense that such Lender determines is attributable to:

(a)    any payment, mandatory or optional prepayment or Conversion of a
Eurodollar Loan made by such Lender for any reason (including, without
limitation, the acceleration of the Loans pursuant to Section 9) on a date other
than the last day of the Interest Period for such Loan; or

(b)    any failure by the Borrowers for any reason (including, without
limitation, the failure of any of the conditions precedent specified in
Section 6 to be satisfied) to borrow a Eurodollar Loan from such Lender on the
date for such borrowing specified in the relevant notice of borrowing given
pursuant to Section 2.02.

Without limiting the effect of the preceding sentence, such compensation shall
include an amount equal to the excess, if any, of (i) the amount of interest
that otherwise would have accrued on the principal amount so paid, prepaid,
Converted or not borrowed for the period from the date of such payment,
prepayment, Conversion or failure to borrow to the last day of the then current
Interest Period for such Loan (or, in the case of a failure to borrow, the
Interest Period for such Loan that would have commenced on the date specified
for such borrowing) at the applicable rate of interest for such Loan provided
for herein over (ii) the amount of interest that otherwise would have accrued on
such principal amount at a rate per annum equal to the interest component of the
amount such Lender would have bid in the London interbank market for Dollar
deposits of leading banks in amounts comparable to such principal amount and
with maturities comparable to such period (as reasonably determined by such
Lender).

5.06    Additional Costs in Respect of Letters of Credit. Without limiting the
obligations of the Borrowers under Section 5.01 (but without duplication), if as
a result of any Change in Law there shall be imposed, modified or deemed
applicable any tax, reserve, special deposit, capital adequacy or similar
requirement against or with respect to or measured by reference to Letters of
Credit issued or to be issued hereunder and the result shall be to increase the
cost to any Lender or Lenders of issuing (or purchasing participations in) or
maintaining its obligation hereunder to issue (or purchase participations in)
any Letter of Credit hereunder or reduce any amount receivable by any Lender
hereunder in respect of any Letter of Credit (which increases in cost, or
reductions in amount receivable, shall be the result of such Lender’s or
Lenders’ reasonable allocation of the aggregate of such increases or reductions
resulting from such event), then, upon demand by such Lender or Lenders (through
the Administrative Agent), the Borrowers shall pay immediately to the
Administrative Agent for the account of such Lender or Lenders, from time to
time as specified by such Lender or Lenders (through the Administrative Agent),
such additional amounts as shall be sufficient to compensate such Lender or
Lenders (through the Administrative Agent) for such increased costs or
reductions in amount. A statement as to such increased costs or reductions in
amount incurred by any such Lender or Lenders, submitted by such Lender or
Lenders to the Borrowers shall be conclusive in the absence of manifest error as
to the amount thereof.

 

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5.07    Tax Gross-up.

(a)    Gross-up for Deduction or Withholding of Taxes. The Borrowers shall
jointly and severally agree to pay to each Lender (or, if a Lender is not the
beneficial owner of the relevant Loan, on account of the beneficial owner) such
additional amounts as are necessary in order that the payment of any amount due
to such Lender hereunder or under any other any Loan Document after deduction or
withholding by an applicable withholding agent in respect of any Taxes imposed
with respect to such payment will not be less than the amount stated herein to
be then due and payable, provided that the foregoing obligation to pay such
additional amounts shall not apply to (A) any U.S. federal withholding Tax that
is imposed on any payment to any Foreign Lender pursuant to a law that is in
effect at the time of such Foreign Lender becoming a Lender under any Loan
Document or a change in its Applicable Lending Office, except to the extent that
such Foreign Lender (or its assignor if applicable) was entitled, immediately
prior to such change in the Applicable Lending Office (or assignment), to
receive additional amounts from the Borrowers with respect to such withholding
Tax pursuant to this Section 5.07, (B) any Tax that is attributable to such
Lender’s failure to comply with Section 5.07(e), (C) any U.S. federal
withholding Taxes imposed under FATCA or (D) any Taxes imposed on or measured by
its overall net income or profits and franchise Taxes imposed on it (in lieu of
net income Taxes), however denominated, by a jurisdiction as a result of the
Lender being organized or having its Applicable Lending Office in such
jurisdiction (such Taxes other than the Taxes enumerated in the proviso,
“Indemnified Taxes”).

(b)    Other Taxes. The Borrowers agree to pay Other Taxes to the applicable
governmental authority.

(c)    Indemnification. Borrowers shall, jointly and severally, indemnify the
Administrative Agent and each Lender, within 10 days after demand therefor, for
the full amount of any Indemnified Taxes or Other Taxes (including Indemnified
Taxes or Other Taxes imposed or asserted on or attributable to amounts payable
under this Section 5.07) payable by the Administrative Agent or such Lender, as
the case may be, and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A
certificate as to the amount of such payment or liability delivered to the
Borrowers by a Lender (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error.

(d)    Evidence of Deduction, Etc. Within 30 days after paying any amount to the
Administrative Agent or any Lender from which it is required by law to make any
deduction or withholding, and within 30 days after it is required by law to
remit such deduction or withholding to any relevant taxing or other authority,
the Borrowers shall deliver to the Administrative Agent for delivery to such
Lender evidence satisfactory to such Lender of such deduction or withholding (as
the case may be).

(e)    Certifications and Forms. Any Foreign Lender that is entitled to an
exemption from or reduction of any withholding tax with respect to any payments
hereunder or under any other Loan Document shall, to the extent it may lawfully
do so, deliver to the Borrowers and to the Administrative Agent, at the time or
times reasonably requested by the Borrowers or the Administrative Agent, such
properly completed and executed documentation prescribed by applicable law as
will permit such payments to be made without withholding or at a reduced rate of
withholding. Each Foreign Lender shall, from time to time after the initial
delivery by such Foreign Lender of the forms described above, whenever a lapse
in time or change in such Foreign Lender’s circumstances renders such forms,
certificates or other evidence so delivered obsolete or inaccurate, promptly
(1) deliver to the Borrowers and the Administrative Agent (in such number of
copies as shall be requested by the recipient) renewals, amendments or
additional or successor forms, properly completed and duly executed by such
Foreign Lender, together with any other certificate or statement of exemption
required in order to confirm or establish such Foreign Lender’s status or that
such Foreign Lender is entitled to an exemption from or reduction in U.S.
federal withholding tax or (2) notify Administrative Agent and the Borrowers of
its inability to deliver any such forms, certificates or other evidence.

Without limiting the generality of the foregoing, any Foreign Lender shall, to
the extent it may lawfully do so, deliver to the Borrowers and the
Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from

 

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time to time thereafter upon the request of the Borrowers or the Administrative
Agent, but only if such Foreign Lender is legally entitled to do so), whichever
of the following is applicable:

(i)    duly completed copies of Internal Revenue Service Form W-8BEN (or any
successor forms) claiming eligibility for benefits of an income tax treaty to
which the United States of America is a party,

(ii)    duly completed copies of Internal Revenue Service Form W-8ECI (or any
successor forms),

(iii)    in the case of a Foreign Lender claiming the benefits of the exemption
for portfolio interest under Section 881(c) of the Code, (x) a certificate to
the effect that such Foreign Lender is not (A) a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of MCC within
the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign
corporation” described in Section 881(c)(3)(C) of the Code, and that no payments
in connection with the Loan Documents are effectively connected with such
Foreign Lender’s conduct of a U.S. trade or business (“Tax Certificate”) and
(y) duly completed copies of Internal Revenue Service Form W-8BEN (or any
successor forms),

(iv)    to the extent a Foreign Lender is not the beneficial owner (for example,
where the Foreign Lender is a partnership for U.S. federal income tax purposes
or a Lender that has sold a participation), an Internal Revenue Service Form
W-8IMY, accompanied by a Form W-8ECI, W-8BEN, a Tax Certificate, Form W-9,
and/or other certification documents from each beneficial owner, as applicable;
provided that, if the Foreign Lender is a partnership (and not a participating
Lender) and one or more partners of such Foreign Lender are claiming the
portfolio interest exemption, such Foreign Lender may provide a Tax Certificate
on behalf of such beneficial owner(s),

(v)    any other form prescribed by applicable law as a basis for claiming
exemption from or a reduction in U.S. federal withholding tax duly completed
together with such supplementary documentation as may be prescribed by
applicable law to permit the Borrowers and the Administrative Agent to determine
the withholding or deduction required to be made.

(f)    Refund. If a Lender or the Administrative Agent receives a refund in
respect of any Taxes as to which a Lender or the Administrative Agent has been
indemnified by a Borrower pursuant to this Section 5.07, such Lender or the
Administrative Agent shall, within 30 days from the date of receipt of such
refund, pay over such refund to such Borrower, net of all reasonable out of
pocket expenses of the Lender or the Administrative Agent, as the case may be,
and without interest (other than any interest paid by the relevant taxing
authority with respect to such refund).

(g)    Issuing Lender. For the avoidance of doubt, the term “Lender” shall, for
purposes of this Section 5.07, include any Issuing Lender.

5.08    Replacement of Lenders. If any Lender or the Administrative Agent on
behalf of any Lender (a) requests compensation pursuant to Section 5.01, 5.06 or
5.07, (b) has its obligation to make or Continue, or to Convert Loans of any
Type into the other Type of Loan, suspended pursuant to Section 5.01 or 5.03,
(c) is a Defaulting Lender or (d) is a Non-Consenting Lender (any such Lender
described in the foregoing clause (a) through (d) being herein called a
“Specified Lender”), the Borrowers, upon three Business Days’ notice, may
require that such Specified Lender transfer all of its right, title and interest
under this Agreement to any bank or other financial institution (a “Proposed
Lender”) identified by the Borrowers that is reasonably satisfactory to the
Administrative Agent (i) if such Proposed Lender agrees to assume all of the
obligations of such Specified Lender hereunder, and to purchase all of such
Specified Lender’s Loans hereunder for consideration equal to the aggregate
outstanding principal amount of such Specified Lender’s Loans, together with
interest thereon to the date of such purchase (and, if applicable, any premium
due pursuant to Section 2.09(a)(v) with respect to the Tranche M Term Loans
assigned by such Specified Lender), and satisfactory arrangements are made for
payment to such Specified Lender of all other amounts payable hereunder to such
Specified Lender on or prior to the date of such transfer (including any fees
accrued hereunder and any amounts that would be payable under Section 5.05, as
if all of such Specified Lender’s

 

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Loans were being prepaid in full on such date) and (ii) if such Specified Lender
has requested compensation pursuant to Section 5.01, 5.06 or 5.07, such Proposed
Lender’s aggregate requested compensation, if any, pursuant to Section 5.01,
5.06 or 5.07 with respect to such Specified Lender’s Loans is lower than that of
the Specified Lender. Subject to the provisions of Section 11.06(b), such
Proposed Lender shall be a “Lender” for all purposes hereunder. Without
prejudice to the survival of any other agreement of the Borrowers hereunder the
agreements of the Borrowers contained in Sections 5.01, 5.06, 5.07 and 11.03
(without duplication of any payments made to such Specified Lender by the
Borrowers or the Proposed Lender) shall survive for the benefit of such
Specified Lender under this Section 5.08 with respect to the time prior to such
replacement.

Section 6.    Conditions Precedent.

6.01    Amendment and Restatement. The amendment and restatement of the Third
Restated Credit Agreement contemplated hereby shall become effective upon the
receipt by the Administrative Agent of the following, each of which shall be
satisfactory to the Administrative Agent and to each Lender, in form and
substance:

(a)    Amendment and Restatement. The Fourth Restatement Agreement duly executed
and delivered by each of MCC, Mediacom Broadband, the Borrowers, each Subsidiary
Guarantor, if any, the Administrative Agent, the Revolving Credit Lenders, the
Additional Tranche A-1 Term Lender and the Additional Tranche M Term Lender.

(b)    Opinion of Counsel to the Obligors. An opinion, dated the Fourth
Restatement Effective Date, of Vedder Price P.C., counsel to the Obligors
covering such matters as the Administrative Agent or any Lender may reasonably
request (and the Borrowers hereby instruct such counsel to deliver such opinion
to the Lenders and the Administrative Agent).

(c)    Other Documents; Organizational Documents. (i) Such organizational
documents (including, without limitation, board of director and shareholder
resolutions, member approvals and evidence of incumbency, including specimen
signatures, of officers of each Obligor) with respect to the execution, delivery
and performance of the Fourth Restatement Agreement and each other document to
be delivered by such Obligor from time to time in connection herewith and the
extensions of credit hereunder as the Administrative Agent may reasonably
request (and the Administrative Agent and each Lender may conclusively rely on
such certificate until it receives notice in writing from such Obligor to the
contrary); and (ii) such other documents as the Administrative Agent may
reasonably request.

(d)    Repayment of Tranche H Term Loans. The Administrative Agent shall have
received reasonably satisfactory evidence that, on the Fourth Restatement
Effective Date, substantially concurrently with the establishment of the Tranche
M Term Loans, all Tranche H Term Loans that are not Tranche M Converted Tranche
H Term Loans will be repaid in full.

(e)    Repayment of Tranche A Term Loans. The Administrative Agent shall have
received reasonably satisfactory evidence that, on the Fourth Restatement
Effective Date, substantially concurrently with the establishment of the Tranche
A-1 Term Loans, all Tranche A Term Loans that are not converted into Tranche A-1
Term Loans will be repaid in full.

(f)    Officer’s Certificate. A certificate of a Senior Officer, dated the
Fourth Restatement Effective Date, to the effect that (i) the representations
and warranties made by the Borrowers in Section 7, and by each Obligor in the
other Loan Documents to which it is a party, are true and complete on and as of
the date hereof with the same force and effect as if made on and as of such date
(or, if any such representation and warranty is expressly stated to have been
made as of a specific date, as of such specific date) and (ii) no Default shall
have occurred and be continuing.

(g)    Payment under Existing Revolving Credit Commitments. The Administrative
Agent shall have received reasonably satisfactory evidence that on the Fourth
Restatement Effective Date, the Borrowers shall have repaid all Loans
outstanding under the Revolving Credit Commitments outstanding under the Third
Restated Credit Agreement, together with all accrued interest and fees owing
thereunder.

 

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(h)    Fees. The Administrative Agent shall have received from the Borrowers
such fees as have been separately agreed between Mediacom Broadband and JPMCB,
together with an upfront fee (i) for the account of each Lender with a Revolving
Credit Commitment equal to 0.50% of the principal amount of such Lender’s
Revolving Credit Commitment and (ii) for the account of each Lender with a
Tranche M Converted Tranche H Term Loans or an Additional Tranche M Term Loan
Commitment equal to 0.125% of the principal amount of such Lender’s Tranche M
Converted Tranche H Term Loans and/or Additional Tranche M Term Loan Commitment.
The Additional Tranche A-1 Term Lender shall have received from the Borrowers
such fees as have been separately agreed between Mediacom Broadband and the
Additional Tranche A-1 Term Lender.

The effectiveness of the amendment and restatement of the Third Restated Credit
Agreement contemplated hereby is also subject to the payment by the Borrowers of
such fees as the Borrowers shall have agreed to pay or deliver to the arrangers,
bookrunners and the Administrative Agent in connection herewith, including,
without limitation, the reasonable fees and expenses of Cahill Gordon & Reindel
LLP, special New York counsel to JPMCB, in connection with the negotiation,
preparation, execution and delivery of this Agreement and the other Loan
Documents and the extensions of credit hereunder (to the extent that statements
for such fees and expenses have been delivered to the Borrowers).

6.02    Initial and Subsequent Extensions of Credit. The obligation of the
Lenders to make any Loan or otherwise extend any credit to the Borrowers upon
the occasion of each borrowing or other extension of credit hereunder (including
the initial borrowing) is subject to the further conditions precedent that, both
immediately prior to the making of such Loan or other extension of credit and
also after giving effect thereto and to the intended use thereof:

(a)    no Default shall have occurred and be continuing; and

(b)    the representations and warranties made by the Borrowers in Section 7,
and by each Obligor in the other Loan Documents to which it is a party, shall be
true and complete in all material respects (provided that any representation
already qualified by materiality or “Material Adverse Effect” shall be true and
correct in all respects) on and as of the date of the making of such Loan or
other extension of credit with the same force and effect as if made on and as of
such date (or, if any such representation or warranty is expressly stated to
have been made as of a specific date, as of such specific date).

Each notice of borrowing or request for the issuance of a Letter of Credit by
the Borrowers hereunder shall constitute a certification by the Borrowers to the
effect set forth in the preceding sentence (both as of the date of such notice
or request and, unless the Borrowers otherwise notify the Administrative Agent
prior to the date of such borrowing or issuance, as of the date of such
borrowing or issuance).

Section 7.    Representations and Warranties. The Borrowers represent and
warrant to the Administrative Agent and the Lenders that:

7.01    Existence. Each Borrower and its Subsidiaries: (a) is a corporation,
partnership, limited liability company or other entity duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization; (b) has all requisite corporate or other power, and has all
material governmental licenses, authorizations, consents and approvals necessary
to own its assets and carry on its business as now being or as proposed to be
conducted; and (c) is qualified to do business and is in good standing in all
jurisdictions in which the nature of the business conducted by it makes such
qualification necessary and where failure so to qualify could (either
individually or in the aggregate) have a Material Adverse Effect.

7.02    Financial Condition. The Borrowers have heretofore furnished to the
Lenders the following financial statements:

(i)    the audited consolidated financial statements of Mediacom Broadband,
including consolidated balance sheets, as of December 31, 2015 and 2016, and the
related audited consolidated statements of operation and cash flow for the years
ended on such respective dates, certified by PricewaterhouseCoopers LLP;

 

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(ii)    the audited combined financial statements of the Borrowers, including
combined balance sheets, as of December 31, 2015 and 2016, and the related
audited combined statements of operation and cash flow for the years ended on
such respective dates; and

(iii)    the unaudited combined financial statements of the Borrowers, including
combined balance sheets, as of June 30, 2017, and the related unaudited combined
statements of operation and cash flow for the three-month period ended on such
date.

All such financial statements fairly present in all material respects the
individual or combined financial condition of the respective entities as at such
respective dates and the individual or combined results of their operations for
the applicable periods ended on such respective dates, all in accordance with
generally accepted accounting principles and practices applied on a consistent
basis (subject to ordinary year-end adjustments and footnotes).

As of the date hereof, there are no material contingent liabilities, material
liabilities for taxes, unusual forward or long-term commitments or unrealized or
anticipated material losses from any unfavorable commitments of the Borrowers
and their Subsidiaries, except as referred to or reflected or provided for in
the balance sheets as at June 30, 2017 referred to above.

Since December 31, 2016, there has been no material adverse change and no
change, event or circumstance that could reasonably be expected to cause a
material adverse change in the combined financial condition, operations or
business of the Borrowers and their Subsidiaries taken as a whole from that set
forth in such audited financial statements as at such date referred to in
clauses (i) and (ii) above.

7.03    Litigation. As of the First Restatement Effective Date, there were no
legal or arbitral proceedings, or any proceedings or investigations by or before
any governmental or regulatory authority or agency, pending or (to the knowledge
of any Borrower) threatened against any Borrower or any of its Subsidiaries that
if adversely determined could (either individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect.

7.04    No Breach. None of the execution and delivery of this Agreement and the
other Loan Documents, the consummation of the transactions herein and therein
contemplated or compliance with the terms and provisions hereof and thereof will
conflict with or result in a breach of, or require any consent under, the
Operating Agreements, or any applicable law or regulation, or any order, writ,
injunction or decree of any court or governmental authority or agency, or any
agreement or instrument to which any Borrower or any of its Subsidiaries is a
party or by which any of them or any of their Property is bound or to which any
of them is subject, or constitute a default under any such agreement or
instrument, or (except for the Liens created pursuant to the Security Documents)
result in the creation or imposition of any Lien upon any Borrower or any of its
Subsidiaries pursuant to the terms of any such agreement or instrument.

7.05    Action. Each Borrower has all necessary limited liability company power,
authority and legal right to execute, deliver and perform its obligations under
each of the Loan Documents to which it is a party; the execution, delivery and
performance by each Borrower of each of the Loan Documents to which it is a
party have been duly authorized by all necessary limited liability company
action on its part (including, without limitation, any required member
approvals); and this Agreement has been duly and validly executed and delivered
by each Borrower and constitutes, and the other Loan Documents to which it is a
party when executed and delivered will constitute, its legal, valid and binding
obligation, enforceable against each Borrower in accordance with its terms,
except as such enforceability may be limited by (a) bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability affecting
the enforcement of creditors’ rights and (b) the application of general
principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).

7.06    Approvals. No authorizations, approvals or consents of, and no filings
or registrations with, any governmental or regulatory authority or agency, or
any securities exchange, are necessary for the execution, delivery or
performance by any Borrower of this Agreement or any of the other Loan Documents
to which it is a party or for the legality, validity or enforceability hereof or
thereof, except for (i) filings and recordings in respect of the Liens created
pursuant to the Security Documents and (ii) the exercise of remedies under the
Security Documents may require prior approval of the FCC or the issuing
municipalities or States under one or more of the Franchises.

 

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7.07    ERISA. Each Plan, and, to the knowledge of each Borrower, each
Multiemployer Plan, is in compliance in all material respects with, and has been
administered in all material respects in compliance with, the applicable
provisions of ERISA, the Code and any other Federal or State law, and no event
or condition has occurred and is continuing as to which such Borrower would be
under an obligation to furnish a report to the Administrative Agent under
Section 8.01(e).

7.08    Taxes. Except as set forth in Schedule II, each Borrower and each of its
Subsidiaries has filed all Federal income tax returns and all other material tax
returns and information statements that are required to be filed by them and
have paid all taxes due pursuant to such returns or pursuant to any assessment
received by such Borrower or any of its Subsidiaries, except such taxes, if any,
as are being contested in good faith and as to which adequate reserves have been
set aside by such Borrower in accordance with GAAP. The charges, accruals and
reserves on the books of the Borrowers and their Subsidiaries in respect of
taxes and other governmental charges are, in the opinion of the Borrowers,
adequate. None of the Borrowers has given or been requested to give a waiver of
the statute of limitations relating to the payment of any Federal, state, local
and foreign taxes or other impositions.

7.09    Investment Company Act. None of the Borrowers nor any of its
Subsidiaries is an “investment company,” or a company “controlled” by an
“investment company,” within the meaning of the Investment Company Act of 1940,
as amended.

7.10    Anti-Corruption and Sanctions Laws. The Borrowers and each of their
Subsidiaries have implemented and maintain in effect policies and procedures
designed to ensure compliance by the Borrowers, their Subsidiaries and their
respective directors, officers, employees and agents with Anti-Corruption Laws
and applicable Sanctions, and the Borrowers, their Subsidiaries and their
respective officers and employees and to the knowledge of the Borrowers, their
directors and agents, are in compliance with Anti-Corruption Laws and applicable
Sanctions in all material respects. None of (a) the Borrowers, any Subsidiary or
any of their respective directors, officers or employees or (b) to the knowledge
of the Borrowers, any agent of the Borrowers or any Subsidiary that will act in
any capacity in connection with or benefit from the credit facility established
hereby, is a Sanctioned Person. No Loan or Letter of Credit, use of proceeds or
other transaction contemplated by this Agreement will violate Anti-Corruption
Laws or applicable Sanctions.

7.11    Material Agreements and Liens.

(a)    Indebtedness. Part A of Schedule III sets forth (i) a complete and
correct list of each credit agreement, loan agreement, indenture, purchase
agreement, guarantee, letter of credit or other arrangement (other than the Loan
Documents) providing for or otherwise relating to any Indebtedness or any
extension of credit (or commitment for any extension of credit) to, or guarantee
by, the Borrowers or any of their Subsidiaries, outstanding on the First
Restatement Effective Date, the aggregate principal or face amount of which
equals or exceeds (or may equal or exceed) $1,000,000, and the aggregate
principal or face amount outstanding or that may become outstanding under each
such arrangement is correctly described in Part A of Schedule III, and (ii) a
statement of the aggregate amount of obligations in respect of surety and
performance bonds backing pole rental or conduit attachments and the like, or
backing obligations under Franchises, of the Borrowers or any of their
Subsidiaries outstanding on the First Restatement Effective Date.

(b)    Liens. Part B of Schedule III is a complete and correct list of each Lien
(other than the Liens created pursuant to the Security Documents) securing
Indebtedness of any Person outstanding on the First Restatement Effective Date,
the aggregate principal or face amount of which equals or exceeds (or may equal
or exceed) $1,000,000 and covering any Property of the Borrowers or any of their
Subsidiaries, and the aggregate Indebtedness secured (or that may be secured) by
each such Lien and the Property covered by each such Lien is correctly described
in Part B of Schedule III.

7.12    Environmental Matters. Each of the Borrowers and their Subsidiaries has
obtained all environmental, health and safety permits, licenses and other
authorizations required under all Environmental Laws to carry on its business as
now being or as proposed to be conducted, except to the extent failure to have
any such permit, license or authorization would not (either individually or in
the aggregate) have a Material Adverse Effect. Each of such permits, licenses
and authorizations is in full force and effect and each of the Borrowers and its
Subsidiaries is in compliance with the terms and conditions thereof, and is also
in compliance with all other limitations, restrictions,

 

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conditions, standards, prohibitions, requirements, obligations, schedules and
timetables contained in any applicable Environmental Law or in any regulation,
code, plan, order, decree, judgment, injunction, notice or demand letter issued,
entered, promulgated or approved thereunder, except to the extent failure to
comply therewith would not (either individually or in the aggregate) have a
Material Adverse Effect. In addition, no notice, notification, demand, request
for information, citation, summons or order has been issued, no complaint has
been filed, no penalty has been assessed and, to the Borrowers’ knowledge, no
investigation or review is pending or threatened by any governmental or other
entity with respect to any alleged failure by the Borrowers or any of their
Subsidiaries to have any environmental, health or safety permit, license or
other authorization required under any Environmental Law in connection with the
conduct of the business of the Borrowers or any of their Subsidiaries or with
respect to any generation, treatment, storage, recycling, transportation,
discharge or disposal, or any Release of any Hazardous Materials generated by
the Borrowers or any of their Subsidiaries. All environmental investigations,
studies, audits, tests, reviews or other analyses conducted by or that are in
the possession of the Borrowers or any of their Subsidiaries in relation to
facts, circumstances or conditions at or affecting any site or facility now or
previously owned, operated or leased by the Borrowers or any of their
Subsidiaries and that could result in a Material Adverse Effect have been made
available to the Lenders.

7.13    Capitalization. The Borrowers have heretofore delivered to the Lenders
true and complete copies of the Operating Agreements. The only member of the
Borrowers on the date hereof is Mediacom Broadband. As of the date hereof, there
are no outstanding Equity Rights with respect to any of the Borrowers and there
are no outstanding obligations of any of the Borrowers or any of their
Subsidiaries to repurchase, redeem, or otherwise acquire any equity interests in
the Borrowers nor are there any outstanding obligations of any Borrower or any
of their Subsidiaries to make payments to any Person, such as “phantom stock”
payments, where the amount thereof is calculated with reference to the fair
market value or equity value of such Borrowers or any of their Subsidiaries.

7.14    Subsidiaries and Investments, Etc.

(a)    Subsidiaries. As of the date hereof, none of the Borrowers has any
Subsidiaries.

(b)    Investments. Set forth in Schedule IV is a complete and correct list of
all Investments (other than Investments of the type referred to in paragraphs
(b), (c) and (e) of Section 8.08) held by the Borrowers or any of their
Subsidiaries in any Person on the First Restatement Effective Date and, for each
such Investment, (x) the identity of the Person or Persons holding such
Investment and (y) the nature of such Investment. Except as disclosed in
Schedule IV, each of the Borrowers and their Subsidiaries owns, free and clear
of all Liens (other than the Liens created pursuant to the Security Documents),
all such Investments.

7.15    True and Complete Disclosure. The information, reports, financial
statements, exhibits and schedules furnished in writing by or on behalf of the
Borrowers to the Administrative Agent or any Lender in connection with the
negotiation, preparation or delivery of the First Restated Credit Agreement,
this Agreement and the other Loan Documents or included herein or therein or
delivered pursuant hereto or thereto, when taken as a whole do not contain any
untrue statement of material fact or omit to state any material fact necessary
to make the statements herein or therein, in light of the circumstances under
which they were made, not misleading. All written information furnished after
the date hereof by the Borrowers and their Subsidiaries to the Administrative
Agent and the Lenders in connection with this Agreement and the other Loan
Documents and the transactions contemplated hereby and thereby will be true,
complete and accurate in every material respect, or (in the case of projections)
based on reasonable estimates, on the date as of which such information is
stated or certified. There is no fact known to the Borrowers that could
reasonably be expected to have a Material Adverse Effect (other than facts
affecting the cable television industry in general) that has not been disclosed
herein, in the First Restated Credit Agreement and the other Loan Documents or
in a report, financial statement, exhibit, schedule, disclosure letter or other
writing furnished to the Lenders for use in connection with the transactions
contemplated hereby or thereby.

7.16    Franchises.

(a)    Franchises. Set forth in Schedule V is a complete and correct list of all
Franchises (identified by issuing authority, operating company and expiration
date) owned or operated by the Borrowers and their Subsidiaries on the First
Restatement Effective Date. Except as set forth on Schedule V, none of the
Borrowers or any of their Subsidiaries have received any notice from the
granting body or any other governmental authority with respect

 

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to any breach of any covenant under, or any default with respect to, any
Franchise which could reasonably be expected to have a Material Adverse Effect.
Complete and correct copies of all Franchises have heretofore been made
available to the Administrative Agent.

(b)    Licenses and Permits. Each of the Borrowers and their Subsidiaries
possesses or has the right to use all copyrights, licenses, permits, patents,
trademarks, service marks, trade names or other rights (collectively, the
“Licenses”), including licenses, permits and registrations granted or issued by
the FCC, agreements with public utilities and microwave transmission companies,
pole or conduit attachment, use, access or rental agreements and utility
easements that are necessary for the legal operation and conduct of the CATV
Systems of the Borrowers and their Subsidiaries, except for such of the
foregoing the absence of which could not reasonably be expected to have a
Material Adverse Effect on the Borrowers or any of their Subsidiaries, and each
of such Licenses is in full force and effect and, to the knowledge of Borrowers,
no material default has occurred and is continuing thereunder. Except as set
forth on Schedule V, none of the Borrowers or any of their Subsidiaries have
received any notice from the granting body or any other governmental authority
with respect to any breach of any covenant under, or any default with respect
to, any Licenses which could reasonably be expected to have a Material Adverse
Effect. Complete and correct copies of all material Licenses have heretofore
been made available to the Administrative Agent.

7.17    The CATV Systems.

(a)    Compliance with Law. Except as set forth in Schedule VI, each of the
Borrowers and their Subsidiaries and the CATV Systems owned or operated by them
are in compliance in all material respects with all applicable federal, state
and local laws, rules and regulations, including without limitation, the
Communications Act of 1934, as amended (the “Communications Act”), the Copyright
Act of 1976, as amended (the “Copyright Act”), and the rules and regulations of
the FCC, the FAA and the United States Copyright Office (the “Copyright
Office”), including, without limitation, rules and laws governing system
registration, use of restricted frequencies, signal carriage and program
exclusivity requirements, leased access channels, emergency alert system
requirements, equal employment opportunity, cumulative leakage index testing and
reporting, signal leakage, tower registration and clearance, subscriber notices,
and privacy requirements, except to the extent that the failure to so comply
with any of the foregoing could not (either individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect. Without limiting the
generality of the foregoing, except to the extent that the failure to comply
with any of the following could not (either individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect and except as set forth
in Schedule VI:

(i)    the communities included in the areas covered by the Franchises have been
registered with the FCC;

(ii)    all of the current annual performance tests on such CATV Systems
required under the rules and regulations of the FCC have been timely performed
and the results of such tests demonstrate satisfactory compliance with the
applicable FCC requirements in all material respects;

(iii)    to the knowledge of the Borrowers, as of the most recent annual
performance tests, such CATV Systems currently meet or exceed the technical
standards set forth in the rules and regulations of the FCC;

(iv)    such CATV Systems are being operated in compliance with the provisions
of 47 C.F.R. Sections 76.610 through 76.619 (mid-band and super-band signal
carriage), including 47 C.F.R. Section 76.611 (compliance with the cumulative
signal leakage index); and

(v)    where required, appropriate authorizations from the FCC have been
obtained for the use of all restricted frequencies in use in such CATV Systems
and, to the knowledge of the Borrowers, such CATV Systems are presently being
operated in compliance with such authorizations (and all required certificates,
permits and clearances from governmental agencies, including the FAA, with
respect to all towers, earth stations, business radios and frequencies utilized
and carried by such CATV Systems have been obtained).

 

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(b)    Copyright Filings. Except as set forth in Schedule VI, for all periods
covered by any applicable statute of limitations, all notices, statements of
account, supplements and other documents required under Section 111 of the
Copyright Act, and under the rules of the Copyright Office, with respect to the
carriage of broadcast station signals by the CATV Systems (collectively, the
“Copyright Filings”) owned or operated by the Borrowers and their Subsidiaries
have been duly filed, and the proper amount of copyright fees have been paid on
a timely basis, and each such CATV System qualifies for the compulsory license
under Section 111 of the Copyright Act, except to the extent that the failure to
so file or pay could not (either individually or in the aggregate) reasonably be
expected to have a Material Adverse Effect. To the knowledge of the Borrowers,
there is no pending claim, action, demand or litigation by any other Person with
respect to the Copyright Filings or related royalty payments made by the CATV
Systems.

(c)    Carriage of Broadcast Signals. To the knowledge of the Borrowers and
except as set forth in Schedule VI, the carriage of all broadcast signals by the
CATV Systems owned by any Borrower or any such Subsidiary is permitted by valid
retransmission consent agreements or by must-carry elections by broadcasters, or
is otherwise permitted under applicable law, except to the extent the failure to
obtain any of the foregoing could not (either individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect.

7.18    Rate Regulation. Each of the Borrowers and their Subsidiaries have
reviewed and evaluated in detail the FCC rules currently in effect (the “Rate
Regulation Rules”) implementing the cable television rate regulation provisions
of the Communications Act and the applicability of such Rate Regulation Rules to
the CATV Systems. Except to the extent that the failure to comply with such Rate
Regulation Rules could not (either individually or in the aggregate) reasonably
be expected to have a Material Adverse Effect and except as set forth in
Schedule VII:

(i)    there are no cable service programming rate complaints or appeals of
adverse cable programming service rate decisions pending with the FCC relating
to the CATV Systems;

(ii)    for communities that are authorized to regulate basic service and
equipment rates under the Rate Regulations Rules, all FCC rate forms required to
be submitted by the Borrowers or their Subsidiaries have been timely submitted
to local franchising authorities and have justified the basic service and
equipment rates in effect for all periods in which the local franchising
authority currently has the authority to review and to take adverse action;

(iii)    for communities that are not authorized to regulate basic service and
equipment rates under the Rate Regulations Rules, the Borrowers or their
Subsidiaries have timely submitted to local franchising authorities and
subscribers all required notices for basic service and equipment rates in effect
within one year of the date hereof;

(iv)    no reduction of rates or refunds to subscribers are required by an
outstanding order of the FCC or any local franchising authority as of the date
hereof under the Communications Act and the Rate Regulation Rules applicable to
the CATV Systems of the Borrowers and their Subsidiaries; and

(v)    each of the CATV Systems are in compliance with the Communications Act
and the Rate Regulation Rules concerning the uniform pricing requirements and
tier buy-through limitations (i.e., 47 U.S.C. §§ 543(b)(8), (d)).

7.19    Use of Credit. None of the Borrowers or any of their Subsidiaries is
engaged principally, or as one of their important activities, in the business of
extending credit for the purpose, whether immediate, incidental or ultimate, of
buying or carrying Margin Stock in violation of Regulations T, U or X.

7.20    EEA Financial Institutions. No Loan Party is an EEA Financial
Institution.

 

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Section 8.    Covenants of the Borrowers. The Borrowers covenant and agree with
the Lenders and the Administrative Agent that, so long as any Commitment, Loan
or Letter of Credit Liability is outstanding and until payment in full of all
amounts payable by the Borrowers hereunder:

8.01    Financial Statements, Etc. The Borrowers shall deliver to the
Administrative Agent (which shall promptly provide a copy thereof to the
Lenders):

(a)    as soon as available and in any event within 60 days after the end of
each of the first three quarterly fiscal periods of each fiscal year of the
Borrowers, combined statements of income, retained earnings and cash flows of
the Borrowers and their Subsidiaries for such period and for the period from the
beginning of the respective fiscal year to the end of such period, and the
related combined balance sheet of the Borrowers and their Subsidiaries as at the
end of such period, setting forth in each case in comparative form the
corresponding figures for the corresponding periods in the preceding fiscal year
(except that, in the case of balance sheets, such comparison shall be to the
last day of the prior fiscal year), accompanied by a certificate of a Senior
Officer, which certificate shall state that such financial statements fairly
present in all material respects the combined financial condition and results of
operations of the Borrowers and their Subsidiaries in accordance with generally
accepted accounting principles consistently applied as at the end of, and for,
such period (subject to normal year-end audit adjustments);

(b)    as soon as available and in any event within 120 days after the end of
each fiscal year of the Borrowers (beginning with the fiscal year ended
December 31, 2017), combined statements of income, retained earnings and cash
flows of the Borrowers and their Subsidiaries for such fiscal year and the
related audited combined balance sheet of the Borrowers and their Subsidiaries
as at the end of such fiscal year, setting forth in each case in comparative
form the corresponding combined figures for the preceding fiscal year and
accompanied by an opinion thereon of independent certified public accountants of
recognized national standing, which opinion shall state that such combined
financial statements fairly present in all material respects the combined
financial condition and results of operations of the Borrowers and their
Subsidiaries as at the end of, and for, such fiscal year in accordance with
generally accepted accounting principles;

(c)    promptly upon their becoming available, copies of all registration
statements and regular periodic reports, if any, that the Borrowers shall have
filed with the Securities and Exchange Commission (or any governmental agency
substituted therefor) or any national securities exchange;

(d)    promptly upon the mailing thereof by the Borrowers to the shareholders or
members of the Borrowers generally, to holders of Affiliate Subordinated
Indebtedness generally, or by Mediacom Broadband to the holders of any
outstanding notes or other debt issuances, copies of all financial statements,
reports and proxy statements so mailed;

(e)    as soon as possible, and in any event within ten days after any Borrower
knows or has reason to believe that any of the events or conditions specified
below with respect to any Plan or Multiemployer Plan has occurred or exists, a
statement signed by a Senior Officer setting forth details respecting such event
or condition and the action, if any, that the Borrowers or their ERISA
Affiliates propose to take with respect thereto (and a copy of any report or
notice required to be filed with or given to the PBGC by the Borrowers or an
ERISA Affiliate with respect to such event or condition):

(i)    any reportable event, as defined in Section 4043(b) of ERISA and the
regulations issued thereunder, with respect to a Plan, as to which the PBGC has
not by regulation waived the requirement of Section 4043(a) of ERISA that it be
notified within 30 days of the occurrence of such event (provided that a failure
to meet the minimum funding standard of Section 412 of the Code or Section 302
of ERISA, including, without limitation, the failure to make on or before its
due date a required installment under Section 412(m) of the Code or
Section 302(e) of ERISA, shall be a reportable event regardless of the issuance
of any waivers in accordance with Section 412(d) of the Code); and any request
for a waiver under Section 412(d) of the Code for any Plan;

(ii)    the distribution under Section 4041 of ERISA of a notice of intent to
terminate any Plan or any action taken by the Borrowers or an ERISA Affiliate to
terminate any Plan;

(iii)    the institution by the PBGC of proceedings under Section 4042 of ERISA
for the termination of, or the appointment of a trustee to administer, any Plan,
or the receipt by the Borrowers or any ERISA Affiliate of a notice from a
Multiemployer Plan that such action has been taken by the PBGC with respect to
such Multiemployer Plan;

 

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(iv)    the complete or partial withdrawal from a Multiemployer Plan by the
Borrowers or any ERISA Affiliate that results in liability under Section 4201 or
4204 of ERISA (including the obligation to satisfy secondary liability as a
result of a purchaser default) or the receipt by any Borrower or any ERISA
Affiliate of notice from a Multiemployer Plan that it is in reorganization or
insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to
terminate or has terminated under Section 4041A of ERISA;

(v)    the institution of a proceeding by a fiduciary of any Multiemployer Plan
against the Borrowers or any ERISA Affiliate to enforce Section 515 of ERISA,
which proceeding is not dismissed within 30 days; and

(vi)    the adoption of an amendment to any Plan that, pursuant to
Section 401(a)(29) of the Code or Section 307 of ERISA, could result in the loss
of tax-exempt status of the trust of which such Plan is a part if the Borrowers
or an ERISA Affiliate fails to timely provide security to the Plan in accordance
with the provisions of such Sections;

(f)    within 60 days of the end of each quarterly fiscal period of the
Borrowers (90 days after the last quarterly fiscal period in any fiscal year), a
Quarterly Officer’s Report as at the end of such period;

(g)    promptly after any Borrower knows or has reason to believe that any
Default has occurred, a notice of such Default describing the same in reasonable
detail and, together with such notice or as soon thereafter as possible, a
description of the action that the Borrowers have taken or propose to take with
respect thereto; and

(h)    from time to time such other information regarding the financial
condition, operations, business or prospects of the Borrowers or any of their
Subsidiaries (including, without limitation, any Plan or Multiemployer Plan and
any reports or other information required to be filed under ERISA) as any Lender
or the Administrative Agent may reasonably request.

The Borrowers will furnish to each Lender, at the time they furnish each set of
financial statements pursuant to paragraph (a) or (b) above, a certificate of a
Senior Officer (i) to the effect that no Default has occurred and is continuing
(or, if any Default has occurred and is continuing, describing the same in
reasonable detail and describing the action that the Borrowers have taken or
proposes to take with respect thereto), (ii) setting forth in reasonable detail
the computations necessary to determine whether the Borrowers are in compliance
with Sections 8.07, 8.08, 8.09, 8.10, 8.11, 8.12(c) and 8.13 as of the end of
the respective quarterly fiscal period or fiscal year and (iii) setting forth a
calculation of the amount of outstanding Affiliate Letters of Credit, Affiliate
Subordinated Indebtedness (and the scheduled maturity thereof), the Available
Amount, the amount of Cure Monies, the Equity Contribution Amount and the amount
of Net Available Proceeds from Prior Dispositions, in each case, as of the last
day of the most recently ended fiscal quarter.

The Borrowers acknowledge that (a) the Administrative Agent will make available
information to the Lenders by posting such information on IntraLinks or similar
electronic means and (b) certain of the Lenders may be “public side” Lenders
(i.e., Lenders that do not wish to receive material non-public information with
respect to the Borrowers and their Affiliates or their securities) (each, a
“Public Lender”). The Borrower agrees to identify that portion of the
information to be provided to Public Lenders hereunder as “PUBLIC” and that such
information will not contain material non-public information relating to the
Borrowers or their Affiliates (or any of their securities).

8.02    Litigation. The Borrowers will promptly give to each Lender notice of
all legal or arbitral proceedings, and of all proceedings or investigations by
or before any governmental or regulatory authority or agency, and any material
development in respect of such legal or other proceedings, affecting the
Borrowers or any of their Subsidiaries or any of their Franchises, except
proceedings that, if adversely determined, could not (either individually or in
the aggregate) have a Material Adverse Effect. Without limiting the generality
of the foregoing, the Borrowers

 

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will give to each Lender (i) notice of the assertion of any Environmental Claim
by any Person against, or with respect to the activities of, the Borrowers or
any of their Subsidiaries and notice of any alleged violation of or
non-compliance with any Environmental Laws or any permits, licenses or
authorizations, other than any Environmental Claim or alleged violation that, if
adversely determined, could not (either individually or in the aggregate) have a
Material Adverse Effect and (ii) copies of any notices received by the Borrowers
or any of their Subsidiaries under any Franchise of a material default by the
Borrowers or any of their Subsidiaries in the performance of its obligations
thereunder.

8.03    Existence, Etc. Each Borrower will, and will cause each of its
Subsidiaries to:

(a)    preserve and maintain its legal existence and all of its material rights,
privileges, licenses and franchises (provided that nothing in this Section 8.03
shall prohibit any transaction expressly permitted under Section 8.05);

(b)    comply with the requirements of all applicable laws, rules, regulations
and orders of governmental or regulatory authorities if failure to comply with
such requirements could (either individually or in the aggregate) have a
Material Adverse Effect;

(c)    pay and discharge all taxes, assessments and governmental charges or
levies imposed on it or on its income or profits or on any of its Property prior
to the date on which penalties attach thereto, except for any such tax,
assessment, charge or levy the payment of which is being contested in good faith
and by proper proceedings and against which adequate reserves are being
maintained;

(d)    maintain, in all material respects, all of its Properties used or useful
in its business in good working order and condition, ordinary wear and tear
excepted;

(e)    keep adequate records and books of account, in which complete entries
will be made in accordance with generally accepted accounting principles
consistently applied; and

(f)    permit representatives of any Lender or the Administrative Agent, during
normal business hours, to examine, copy and make extracts from its books and
records, to inspect any of its Properties, and to discuss its business and
affairs with its officers, all to the extent reasonably requested by such Lender
or the Administrative Agent (as the case may be).

8.04    Insurance. Each Borrower will, and will cause each of its Subsidiaries
to, maintain insurance with financially sound and reputable insurance companies,
or may self-insure, and with respect to Property and risks of a character
usually maintained by Persons engaged in the same or similar business similarly
situated, against loss, damage and liability of the kinds and in the amounts
customarily maintained by such corporations, provided that each Borrower will in
any event maintain (with respect to itself and each of its Subsidiaries)
casualty insurance and insurance against claims for damages with respect to
defamation, libel, slander, privacy or other similar injury to person or
reputation (including misappropriation of personal likeness), in such amounts as
are then customary for Persons engaged in the same or similar business similarly
situated.

8.05    Prohibition of Fundamental Changes.

(a)    Restrictions on Merger. None of the Borrowers will nor will it permit any
of its Subsidiaries to, enter into any transaction of merger or consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution).

(b)    Restrictions on Acquisitions. None of the Borrowers will nor will it
permit any of its Subsidiaries to, acquire any business or Property from, or
capital stock of, or be a party to any acquisition of, any Person except for
purchases of equipment, programming rights and other Property to be sold or used
in the ordinary course of business, Investments permitted under Section 8.08(f),
and Capital Expenditures.

 

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(c)    Restrictions on Sales and Other Dispositions. None of the Borrowers will
nor will it permit any of its Subsidiaries to, convey, sell, lease, transfer or
otherwise dispose of, in one transaction or a series of transactions, any part
of its business or Property, whether now owned or hereafter acquired (including,
without limitation, receivables and leasehold interests, but excluding
(i) obsolete or worn out Property, tools or equipment no longer used or useful
in its business and (ii) any equipment, programming rights or other Property
sold or disposed of in the ordinary course of business and on ordinary business
terms).

(d)    Certain Permitted Transactions. Notwithstanding the foregoing provisions
of this Section 8.05:

(i)    Intercompany Mergers and Consolidations. Any Borrower may be merged or
consolidated with any other Borrower, and any Subsidiary of a Borrower may be
merged or consolidated with or into: (x) such Borrower if such Borrower shall be
the continuing or surviving corporation or (y) any other such Subsidiary;
provided that if any such transaction shall be between a Subsidiary and a Wholly
Owned Subsidiary, the Wholly Owned Subsidiary shall be the continuing or
surviving corporation.

(ii)    Intercompany Dispositions. Any Borrower may sell, lease, transfer or
otherwise dispose of any or all of its Property to any other Borrower or a
Wholly Owned Subsidiary of a Borrower, and any Subsidiary of a Borrower may
sell, lease, transfer or otherwise dispose of any or all of its Property (upon
voluntary liquidation or otherwise) to a Borrower or a Wholly Owned Subsidiary
of a Borrower.

(iii)    Restricted Payments and Investments. Any Borrower or any Subsidiary may
make Investments permitted by Section 8.08 and Restricted Payments permitted by
Section 8.09.

(iv)    Asset Swaps. Any Borrower or any Wholly Owned Subsidiary of a Borrower
may enter into one or more transactions intended to trade (by means of either an
exchange or a sale and subsequent purchase) one or more of the CATV Systems
owned by any Borrower or any such Subsidiary for one or more CATV Systems owned
by any other Person, which transactions may be effected either by

(I)    the Borrowers or such Wholly Owned Subsidiary selling one or more CATV
Systems owned by it and then within the time period specified by Section 2.10(d)
applying the Net Available Proceeds therefrom to acquire one or more other CATV
Systems or

(II)    exchanging one or more CATV Systems, together with cash not exceeding
30% of the fair market value of such acquired CATV Systems,

so long as

(x)    (A) at the time of any such transactions and after giving effect thereto,
no Default shall have occurred and be continuing and (B) after giving effect to
such transaction the Borrowers shall be in compliance with Section 8.10 (the
determination of such compliance to be calculated on a pro forma basis, as at
the end of and for the fiscal quarter most recently ended prior to the date of
such transaction for which financial statements of the Borrowers and their
Subsidiaries are available, under the assumption that such transaction shall
have occurred, and any Indebtedness in connection therewith shall have been
incurred, at the beginning of the applicable period, and under the assumption
that interest for such period had been equal to the actual weighted average
interest rate in effect for the Loans hereunder on the date of such
transaction), and the Borrowers shall have delivered to the Administrative Agent
a certificate of a Senior Officer showing such calculations in reasonable detail
to demonstrate such compliance,

(y)    with respect to any single exchange of CATV Systems pursuant to clause
(II) above, the sum of the System Cash Flow for the period of four fiscal
quarters ending on, or most recently ended prior to, the date of such exchange
attributable to the CATV Systems being exchanged does not exceed more than 15%
of System Cash Flow for such period and

 

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(z)    the sum of (A) the System Cash Flow for the period referred to in
subclause (y) above plus (B) the System Cash Flow attributable to all other CATV
Systems previously exchanged pursuant to clause (II) above (whether during the
period referred to in subclause (y) above, or prior thereto), does not exceed an
amount equal to 35% of Adjusted System Cash Flow for the period referred to in
subclause (y) above.

If, in connection with an exchange permitted under this subparagraph (iv), the
Borrowers or a Wholly Owned Subsidiary receives cash, the cash received by the
Borrowers or such Wholly Owned Subsidiary in connection with such transaction
shall be applied in accordance with Section 2.10(d).

(v)    dispositions (which shall not include any transaction or series of
transactions that would result in the sale of all or substantially all of the
assets of the Borrowers) pursuant to which such Borrower receives consideration
at the time of such disposition at least equal to the fair market value of the
Property subject to such disposition (as determined in good faith by the
Executive Committee, whose determination shall be conclusive and evidenced by a
Committee Resolution); so long as (x) not less than 75% of such consideration
shall be in the form of cash or cash equivalents and (y) on a pro forma basis,
after giving effect to such disposition and the application of the Net Available
Proceeds therefrom, the Borrowers shall be in pro forma compliance with
Section 8.10 as of the last day of the most recent fiscal quarter for which
financial statements have been delivered;

(vi)    Acquisitions. Any Borrower or a Wholly Owned Subsidiary of such Borrower
may acquire any business or Property from, or capital stock of, or be a party to
any acquisition of, any Person, so long as:

(A)    the aggregate Purchase Price of any individual such acquisition shall not
exceed $750,000,000;

(B)    such acquisition (if by purchase of assets, merger or consolidation)
shall be effected in such manner so that the acquired business, and the related
assets, are owned either by a Borrower or a Wholly Owned Subsidiary of a
Borrower and, if effected by merger or consolidation involving a Borrower, such
Borrower shall be the continuing or surviving entity and, if effected by merger
or consolidation involving a Wholly Owned Subsidiary of a Borrower, such Wholly
Owned Subsidiary shall be the continuing or surviving entity;

(C)    such acquisition (if by purchase of stock) shall be effected in such
manner so that the acquired entity becomes a Wholly Owned Subsidiary of a
Borrower;

(D)    with respect to any acquisition involving an aggregate Purchase Price in
excess of $50,000,000, the Borrowers shall deliver to the Administrative Agent
(which shall promptly notify the Lenders of such acquisition and forward a copy
to each Lender which requests one) (1) no later than five Business Days after
the execution and delivery thereof, copies of the respective agreements or
instruments pursuant to which such acquisition is to be consummated (including,
without limitation, any related management, non-compete, employment, option or
other material agreements), any schedules to such agreements or instruments and
all other material ancillary documents to be executed or delivered in connection
therewith and (2) promptly following request therefor (but in any event within
three Business Days following such request), copies of such other information or
documents relating to each such acquisition as the Administrative Agent shall
have requested;

(E)    with respect to any acquisition involving an aggregate Purchase Price in
excess of $50,000,000, the Administrative Agent shall have received (and shall
promptly forward a copy thereof to each Lender which requests one) a letter (in
the case of each legal opinion delivered to the Borrowers pursuant to such
acquisition) from each Person delivering such opinion (which shall in any event
include an opinion of special FCC counsel) authorizing reliance thereon by the
Administrative Agent and the Lenders;

 

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(F)    with respect to any acquisition involving an aggregate Purchase Price in
excess of $50,000,000, the Borrowers shall have delivered to the Administrative
Agent (which shall promptly provide a copy thereof to the Lenders) evidence
satisfactory to the Administrative Agent and the Majority Lenders of receipt of
all licenses, permits, approvals and consents, if any, required with respect to
such acquisition (including, without limitation, the consents of the respective
municipal franchising authorities to the acquisition of the respective CATV
Systems being acquired (if any));

(G)    the entire amount of the consideration payable by the Borrowers and their
Subsidiaries in connection with such acquisition (other than customary
post-closing adjustments and indemnity obligations, and other than Indebtedness
incurred in connection with such acquisition that is permitted under paragraphs
(c) or (f) of Section 8.07) shall be payable on the date of such acquisition;

(H)    none of the Borrowers nor any of its Subsidiaries shall, in connection
with such acquisition, assume or remain liable in respect of (x) any
Indebtedness of the seller or sellers (except for Indebtedness permitted under
Section 8.07(f)) or (y) other obligations of the seller or sellers (except for
obligations incurred in the ordinary course of business in operating the CATV
System so acquired and necessary or desirable to the continued operation of such
CATV System);

(I)    to the extent the assets purchased in such acquisition shall be subject
to any Liens not permitted hereunder, such Liens shall have been released (or
arrangements for such release satisfactory to the Administrative Agent shall
have been made);

(J)    to the extent applicable, the Borrowers shall have complied with the
provisions of Section 8.16, including, without limitation, to the extent not
theretofore delivered, delivery to the Administrative Agent of (x) the
certificates representing the shares of stock or other ownership interests,
accompanied by undated stock powers or other powers executed in blank, and
(y) the agreements, instruments, opinions of counsel and other documents
required under Section 8.16;

(K)    after giving effect to such acquisition the Borrowers shall be in
compliance with Section 8.10 (the determination of such compliance to be
calculated on a pro forma basis, as at the end of and for the fiscal quarter
most recently ended prior to the date of such acquisition for which financial
statements of the Borrowers and their Subsidiaries are available, under the
assumption that such acquisition shall have occurred, and any Indebtedness in
connection therewith shall have been incurred, at the beginning of the
applicable period, and under the assumption that interest for such period had
been equal to the actual weighted average interest rate in effect for the Loans
hereunder on the date of such acquisition), and the Borrowers shall have
delivered to the Administrative Agent a certificate of a Senior Officer showing
such calculations in reasonable detail to demonstrate such compliance;

(L)    immediately prior to such acquisition and after giving effect thereto, no
Default shall have occurred and be continuing; and

(M)    the Borrowers shall deliver such other documents and shall have taken
such other action as the Majority Lenders or the Administrative Agent may
reasonably request.

(vii)    any Borrower or Subsidiary of a Borrower may liquidate, wind up or
dissolve itself so long as (A) such entity is an Immaterial Entity,
(B) immediately prior to and after giving effect to any such transaction, no
Default shall have occurred and be continuing, (C) such transaction would not
adversely affect the rights of the Lenders hereunder, and (D) the Borrowers
shall have delivered to the Administrative Agent a certificate of a Senior
Officer confirming compliance with the foregoing.

 

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8.06    Limitation on Liens. None of the Borrowers will, nor will it permit any
of its Subsidiaries to, create, incur, assume or suffer to exist any Lien upon
any of its Property, whether now owned or hereafter acquired, except:

(a)    Liens created pursuant to the Security Documents;

(b)    Liens in existence on the First Restatement Effective Date and listed in
Part B-I of Schedule III (or, to the extent not meeting the minimum thresholds
for required listing on Schedule III pursuant to Section 7.11, in an aggregate
amount not exceeding $10,000,000);

(c)    Liens imposed by any governmental authority for taxes, assessments or
charges not yet due or that are being contested in good faith and by appropriate
proceedings if adequate reserves with respect thereto are maintained on the
books of the Borrowers or the affected Subsidiaries, as the case may be, in
accordance with GAAP;

(d)    carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
other like Liens arising in the ordinary course of business that are not overdue
for a period of more than 30 days or that are being contested in good faith and
by appropriate proceedings and Liens securing judgments but only to the extent
for an amount and for a period not resulting in an Event of Default under
Section 9.01(i);

(e)    pledges or deposits under worker’s compensation, unemployment insurance
and other social security legislation;

(f)    deposits to secure the performance of bids, trade contracts (other than
for Indebtedness), leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

(g)    easements, rights-of-way, restrictions and other similar encumbrances
incurred in the ordinary course of business and encumbrances consisting of
zoning restrictions, easements, licenses, restrictions on the use of Property or
minor imperfections in title thereto that, in the aggregate, are not material in
amount, and that do not in any case materially detract from the value of the
Property subject thereto or interfere with the ordinary conduct of the business
of the Borrowers or any of their Subsidiaries;

(h)    Liens upon real and/or tangible personal Property acquired after the
First Restatement Effective Date (by purchase, construction or otherwise) by the
Borrowers or any of their Subsidiaries and securing Indebtedness permitted
under Section 8.07(f), each of which Liens either (A) existed on such Property
before the time of its acquisition and was not created in anticipation thereof
or (B) was created solely for the purpose of securing Indebtedness representing,
or incurred to finance, refinance or refund, the cost (including the cost of
construction) of such Property; provided that (i) no such Lien shall extend to
or cover any Property of a Borrower or any such Subsidiary other than the
Property so acquired and improvements thereon and (ii) the principal amount of
Indebtedness secured by any such Lien shall at no time exceed the fair market
value (as determined in good faith by a Senior Officer) of such Property at the
time it was acquired (by purchase, construction or otherwise);

(i)    Liens on the Collateral securing Indebtedness permitted to be incurred
pursuant to Section 8.07(g) so long as a representative for the holders of such
Indebtedness has entered into a Pari Passu Intercreditor Agreement or Junior
Lien Intercreditor Agreement;

(j)    Liens securing other obligations of the Borrowers permitted to be
incurred hereunder in an aggregate amount not to exceed $25,000,000 at any time
outstanding; and

(k)    the Additional Tranche A-1Term Lender’s statutory Lien in the Additional
Tranche A-1 Term Lender Equities.

 

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8.07    Indebtedness. None of the Borrowers will, nor will it permit any of its
Subsidiaries to, create, incur or suffer to exist any Indebtedness except:

(a)    Indebtedness to the Lenders hereunder;

(b)    Indebtedness outstanding on the First Restatement Effective Date and
listed in Part A-I of Schedule III (or, to the extent not meeting the minimum
thresholds for required listing on Schedule III pursuant to Section 7.11, in an
aggregate amount not exceeding $10,000,000);

(c)    Affiliate Subordinated Indebtedness incurred in accordance with
Section 8.12;

(d)    Indebtedness of the Borrowers to any Subsidiary of the Borrowers, and of
any Subsidiary of the Borrowers to the Borrowers or its other Subsidiaries;

(e)    Indebtedness (other than Affiliate Subordinated Indebtedness) of the
Borrowers and their Subsidiaries that is Permitted Subordinated Debt, so long as
on a pro forma basis after giving effect to the incurrence of such Indebtedness
and the application of the proceeds therefrom, the Borrowers shall be in
compliance with Section 8.10 as of the last day of the most recent fiscal
quarter for which financial statements are available;

(f)    additional Indebtedness of the Borrowers and their Subsidiaries
(including, without limitation, Capital Lease Obligations and other Indebtedness
secured by Liens permitted under Section 8.06(h)) up to but not exceeding an
aggregate amount of $175,000,000 at any one time outstanding; and

(g)    Indebtedness of the Borrowers constituting Refinancing Debt Securities
and any Permitted Refinancing in respect thereof.

In addition to the foregoing, the Borrowers will not, nor will they permit their
Subsidiaries to, incur or suffer to exist any obligations in an aggregate amount
in excess of $50,000,000 at any one time outstanding in respect of surety and
performance bonds backing pole rental or conduit attachments and the like, or
backing obligations under Franchises, arising in the ordinary course of business
of the CATV Systems of the Borrowers and their Subsidiaries.

8.08    Investments. The Borrowers will not, nor will they permit any of their
Subsidiaries to, make or permit to remain outstanding any Investments except:

(a)    Investments outstanding on the First Restatement Effective Date and
identified in Part A of Schedule IV;

(b)    operating deposit accounts with banks;

(c)    Permitted Investments;

(d)    Investments by the Borrowers and their Subsidiaries in the Borrowers and
their Subsidiaries;

(e)    Interest Rate Protection Agreements entered into in the ordinary course
of business of the Borrowers and not for speculative purposes;

(f)    Investments by the Borrowers and their Subsidiaries consisting of
exchanges or acquisitions permitted under subparagraphs (iv) or (vi) of
Section 8.05(d);

(g)    Investments consisting of the issuance of a Letter of Credit for the
account of the Borrowers to support an obligation of an Affiliate of the
Borrowers, in such amounts as would be permitted under Section 8.09(d)(ii);

 

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(h)    additional Investments (including, without limitation, Investments by the
Borrowers or any of their Subsidiaries in Affiliates of the Borrowers), so long
as the aggregate amount of all such Investments shall not exceed $300,000,000;

(i)    so long as no Default has occurred and is continuing or would result
therefrom, Investments may be made by the Borrowers and their Subsidiaries in an
amount not to exceed the Available Amount at such time;

(j)    the Additional Tranche A-1 Term Lender Equities or any other stock or
securities of, or Investments in, the Additional Tranche A-1 Term Lender or its
investment services or programs.

8.09    Restricted Payments. The Borrowers will not make any Restricted Payment
at any time, provided that, so long as at the time thereof, and after giving
effect thereto, no Default or Event of Default shall have occurred and be
continuing, the Borrowers may make the following Restricted Payments (subject,
in each case, to the applicable conditions set forth below):

(a)    the Borrowers may make Restricted Payments in cash to their members in an
amount equal to the Tax Payment Amount with respect to any fiscal period or
portion thereof (net of Restricted Payments previously made under this paragraph
(a) in respect of such period), so long as at least fifteen days prior to making
any such Restricted Payment, the Borrowers shall have delivered to each Lender
(i) notification of the amount and proposed payment date of such Restricted
Payment and (ii) a statement of a Senior Officer (and, in the event such period
is a full fiscal year, the Borrower’s independent certified public accountants)
setting forth a detailed calculation of the Tax Payment Amount for such period
and showing the amount of such Restricted Payment and all previous Restricted
Payments made pursuant to this Section 8.09(a) in respect of such period;

(b)    the Borrowers may make payments in cash in respect of Management Fees to
the extent permitted under Section 8.11;

(c)    the Borrowers may make payments in cash in respect of the interest on
Affiliate Subordinated Indebtedness;

(d)    the Borrowers may make payments in cash in respect of the principal of
Affiliate Subordinated Indebtedness and distributions in respect of the equity
capital of the Borrowers and may request the issuance of Affiliate Letters of
Credit (such payment and issuance being collectively called “Permitted
Transactions”), so long as:

(i)    in the case of any Permitted Transaction consisting of a payment in
respect of the principal of Affiliate Subordinated Indebtedness, or distribution
in respect of equity capital, constituting Cure Monies, at least one complete
fiscal quarter shall have elapsed subsequent to the last date upon which the
Borrowers shall have utilized their cure rights under Section 9.02, without the
occurrence of any Event of Default;

(ii)    after giving effect to any Permitted Transaction during any fiscal
quarter (the “current fiscal quarter”) and to the making of any Capital
Expenditures during the current fiscal quarter, the Borrowers would (as at the
last day of the most recent fiscal quarter immediately prior to the current
fiscal quarter) have been in compliance on a pro forma basis with Section 8.10,
the determination of such compliance to be determined as if

(x)    for purposes of calculating the Total Leverage Ratio, there were added to
Indebtedness the sum (herein, the “Relevant Sum”) of the amount of such
Permitted Transaction plus the amount of all other Permitted Transactions made
during the current fiscal quarter through the date of such Permitted
Transaction, minus the amount of Special Reductions through such date plus the
amount of any such Capital Expenditures, and

 

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(y)    for purposes of calculating the Interest Coverage Ratio, the Relevant Sum
plus any Cure Monies received during the period for which the Interest Coverage
Ratio is calculated represented additional principal of the Loans outstanding
hereunder at all times during the respective fiscal quarter for which such
Interest Coverage Ratio is calculated and the amount of interest that would have
been payable hereunder during such fiscal quarter was recalculated to take into
account such additional principal;

(iii)    after giving effect to distributions made in respect of the equity
capital of any Borrower, the Equity Contribution Amount shall not be less than
zero; and

(iv)    the aggregate amount of Permitted Transactions as at any date (minus the
aggregate amount of Special Reductions through such date), shall not exceed the
Applicable Permitted Transaction Amount for such date;

(e)    so long as no Default has occurred and is continuing or would result
therefrom and on a pro forma basis the Borrowers (i) would be in compliance with
the requirements of Section 8.10 as of the last day of the most recent fiscal
quarter for which financial statements are available and (ii) would have a Total
Leverage Ratio as of such date that is no greater than 4.5 to 1.0, the Borrowers
may make Restricted Payments in an amount not to exceed the Available Amount at
such time; and

(f)    so long as no Default has occurred and is continuing or would result
therefrom, the Borrowers may make other Restricted Payments in an aggregate
amount not to exceed $50,000,000 during the term of this Agreement.

Nothing herein shall be deemed to prohibit the payment of dividends by any
Subsidiary of a Borrower to such Borrower or to any other Subsidiary of such
Borrower.

8.10    Certain Financial Covenants.

(a)    Institutional Financial Covenant. For so long as any Term Loans are
outstanding that are of a Class that is included in the determination of
“Majority Institutional Term Lenders,” the Borrowers will not permit the Total
Leverage Ratio to exceed 6.00 to 1.0 at any time.

(b)    Revolving Financial Covenants. For so long as any Loans, Letter of Credit
Liabilities or Commitments are outstanding that are included in the
determination of the “Majority Revolving Lenders”:

(i)    the Borrowers will not permit the Total Leverage Ratio to exceed 5.00 to
1.0 at any time; and

(ii)    the Borrowers will not permit the Interest Coverage Ratio to be less
than 2.0 to 1.0 as at the last day of any fiscal quarter ending after the Fourth
Restatement Effective Date.

(c)    Tranche A Financial Covenants. For so long as any Term Loans are
outstanding that are included in the determination of the “Majority Term A
Lenders”:

(i)    the Borrowers will not permit the Total Leverage Ratio to exceed 5.00 to
1.0 at any time; and

(ii)    the Borrowers will not permit the Interest Coverage Ratio to be less
than 2.0 to 1.0 as at the last day of any fiscal quarter ending after the Fourth
Restatement Effective Date.

8.11    Management Fees. The Borrowers will not permit the aggregate amount of
Management Fees accrued in respect of any fiscal year of the Borrowers to exceed
4.5% of the Gross Operating Revenue of the Borrowers and their Subsidiaries for
such fiscal year. In addition, the Borrowers will not, as at the last day of the
first, second and third fiscal quarters in any fiscal year, permit the amount of
Management Fees paid during the portion of

 

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such fiscal year ending with such fiscal quarter to exceed 4.5% of the Gross
Operating Revenue of the Borrowers and their Subsidiaries for such portion of
such fiscal year (based upon the financial statements of the Borrowers provided
pursuant to Section 8.01(a)), provided that in any event the Borrowers will not
pay any Management Fees at any time following the occurrence and during the
continuance of any Default. Any Management Fees that are accrued for any fiscal
quarter (the “current fiscal quarter”) but which are not paid during the current
fiscal quarter may be paid at any time during the period of four fiscal quarters
following the current fiscal quarter (and for these purposes any payment of
Management Fees during such period shall be deemed to be applied to Management
Fees in the order of the fiscal quarters in respect of which such Management
Fees are accrued). Any Management Fees which may not be paid as a result of the
limitations set forth in the forgoing provisions of this Section 8.11 shall be
deferred and shall not be payable until the principal of and interest on the
Loans, and all other amounts owing hereunder, shall have been paid in full.

For purposes of this Section 8.11 “Gross Operating Revenue” shall mean the
aggregate gross operating revenues derived by the Borrowers and their
Subsidiaries from their CATV Systems and from related communications businesses,
including the sale of local advertising on CATV Systems, as determined in
accordance with GAAP excluding, however, revenue or income derived by the
Borrowers from any of the following sources: (i) from the sale of any asset of
such CATV Systems not in the ordinary course of business, (ii) interest income,
(iii) proceeds from the financing or refinancing of any Indebtedness of the
Borrowers or any of their Subsidiaries and (iv) extraordinary gains in
accordance with GAAP.

None of the Borrowers nor any of their Subsidiaries shall be obligated to pay
Management Fees to any Person, unless the Borrowers and such Person shall have
executed and delivered to the Administrative Agent a Management Fee
Subordination Agreement, and none of the Borrowers nor any of their Subsidiaries
shall pay Management Fees to any Person except to the extent permitted under the
respective Management Fee Subordination Agreement to which such Person is a
party.

None of the Borrowers nor any of their Subsidiaries shall employ or retain any
executive management personnel (or pay any Person, other than the Manager, in
respect of executive management personnel or matters, for the Borrowers or any
of their Subsidiaries), it being the intention of the parties hereto that all
executive management personnel required in connection with the business or
operations of the Borrowers and their Subsidiaries shall be employees of the
Manager (and that the Executive Compensation for such employees shall be covered
by Management Fees payable hereunder). For purposes hereof, “executive
management personnel” shall not include any individual (such as a system manager
or a regional manager) who is employed solely in connection with the day-to-day
operations of a CATV System or a Region.

8.12    Affiliate and Additional Subordinated Indebtedness.

(a)    Affiliate Subordinated Indebtedness. The Borrowers may at any time after
the date hereof incur Affiliate Subordinated Indebtedness to Mediacom Broadband
or one or more other Affiliates, so long as the proceeds of any such Affiliate
Subordinated Indebtedness constituting Cure Monies are immediately applied,
first, ratably among the Term Loans of each Class and, second, after prepayment
in full of all Term Loans, to prepayments of the Revolving Credit Loans and
Incremental Facility Revolving Credit Loans of each Series hereunder.
Prepayments of Term Loans of each Class shall be applied to the respective
installments thereof ratably in accordance with the respective principal amounts
thereof.

(b)    Repayment of Affiliate Subordinated Indebtedness. The Borrowers will not,
nor will they permit any of their Subsidiaries to, purchase, redeem, retire or
otherwise acquire for value, or set apart any money for a sinking, defeasance or
other analogous fund for the purchase, redemption, retirement or other
acquisition of, or make any voluntary payment or prepayment of the principal of
or interest on, or any other amount owing in respect of, any Affiliate
Subordinated Indebtedness, except to the extent permitted under Section 8.09.

(c)    Repayment of Certain Other Indebtedness. The Borrowers will not, nor will
they permit any of their Subsidiaries to, purchase, redeem, retire or otherwise
acquire for value, or set apart any money for a sinking, defeasance or other
analogous fund for the purchase, redemption, retirement or other acquisition of,
or make any voluntary payment or prepayment of the principal of or interest on,
or any other amount owing in respect of, any Indebtedness at any time issued
pursuant to Section 8.07(e) other than (i) from the net cash proceeds of
Indebtedness

 

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permitted by Section 8.07(e), (ii) so long as no Default has occurred and is
continuing or would result therefrom and on a pro forma basis the Borrowers
(x) would be in compliance with the requirements of Section 8.10 as of the last
day of the most recent fiscal quarter for which financial statements are
available and (y) would have a Total Leverage Ratio as of such date that is no
greater than 4.5 to 1.0, the Borrowers may make payments with respect to such
Indebtedness in an amount not to exceed the Available Amount at such time and
(iii) so long as no Default has occurred and is continuing, payments at
scheduled maturity.

8.13    Lines of Business. The Borrowers will at all times ensure that not more
than 15% of gross operating revenue of the Borrowers and their Subsidiaries for
any fiscal year shall be derived from any line or lines of business activity
other than the business of owning and operating CATV Systems and related
communications businesses, including the sale of local advertising on CATV
systems.

8.14    Transactions with Affiliates. Except as expressly permitted by this
Agreement, none of the Borrowers will, nor will it permit any of its
Subsidiaries to, directly or indirectly, (a) make any Investment in an Affiliate
except for Investments permitted under Section 8.08(h), provided that, the
monetary or business consideration arising therefrom would be substantially as
advantageous to a Borrower and its Subsidiaries as the monetary or business
consideration that would obtain in a comparable transaction with a Person not an
Affiliate; (b) transfer, sell, lease, assign or otherwise dispose of any
Property to an Affiliate; (c) merge into or consolidate with or purchase or
acquire Property from an Affiliate; (d) make any contribution towards, or
reimbursement for, any Federal income taxes payable by any shareholder or member
of a Borrower or any of its Subsidiaries in respect of income of a Borrower; or
(e) enter into any other transaction directly or indirectly with or for the
benefit of an Affiliate (including, without limitation, Guarantees and
assumptions of obligations of an Affiliate); provided that:

(i)    any Affiliate who is an individual may serve as a director, officer or
employee of a Borrower or any of its Subsidiaries and receive reasonable
compensation for his or her services in such capacity,

(ii)    a Borrower and its Subsidiaries may enter into transactions (other than
extensions of credit by such Borrower or any of its Subsidiaries to an
Affiliate) providing for the leasing of Property, the rendering or receipt of
services or the purchase or sale of equipment, programming rights, advertising
time and other Property in the ordinary course of business, or the purchase,
sale, exchange or swapping of CATV Systems or portions thereof, provided that
the terms of any such transaction, taken as a whole, are not materially less
favorable to the Borrower and its Subsidiaries than the terms that would be
available in an arms’ length transaction with a Person not an Affiliate,

(iii)    the Borrowers may enter into and perform their respective obligations
under, the Management Agreements, and

(iv)    the Borrowers and their Subsidiaries may pay to the Manager the
aggregate amount of intercompany shared expenses payable to Mediacom Broadband
that are allocated by Mediacom Broadband and MCC to the Borrowers and their
Subsidiaries in accordance with Section 5.04 of the Guarantee and Pledge
Agreement.

8.15    Use of Proceeds.

(a)    Revolving Credit Loans. The Borrowers will use the proceeds of the
Revolving Credit Loans hereunder solely to (i) provide financing for any
Acquisitions and to pay fees and expenses related thereto, (ii) repay Affiliate
Subordinated Indebtedness and make other Restricted Payments, (iii) pay
Management Fees, (iv) make Investments permitted under Section 8.08, (v) finance
Capital Expenditures, repay Indebtedness (including other Loans hereunder) and
meet working capital needs of the Borrowers and their Subsidiaries and
acquisitions permitted hereunder and (vi) pay fees and expenses related to any
of the foregoing (in each case in compliance with all applicable legal and
regulatory requirements); provided that neither the Administrative Agent nor any
Lender shall have any responsibility as to the use of any of such proceeds.

 

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(b)    Tranche M Term Loans. The Borrowers will use the proceeds of the Tranche
M Term Loans (i) to repay all of the outstanding Tranche H Term Loans (other
than Tranche M Converted Tranche H Term Loans), (ii) repay certain Revolving
Credit Loans outsanding on the Fourth Amendment and Restatement Effective Date
and (iii) for any purpose not prohibited hereunder; provided that neither the
Administrative Agent nor any Lender shall have any responsibility as to the use
of any of such proceeds.

(c)    Tranche A-1 Term Loans. The Borrowers will use the proceeds of the
Tranche A-1 Term Loans to (i) repay all of the outstanding Tranche A Term Loans
(other than Tranche A Term Loans converted into Tranche A-1 Term Loans), (ii)
repay certain Revolving Credit Loans outsanding on the Fourth Amendment and
Restatement Effective Date and (iii) for any purpose not prohibited hereunder;
provided that neither the Administrative Agent nor any Lender shall have any
responsibility as to the use of any of such proceeds.

(d)    Incremental Facility Loans. The Borrowers will use the proceeds of the
Incremental Facility Loans for any of the purposes described in paragraph
(a) above; provided that neither the Administrative Agent nor any Lender shall
have any responsibility as to the use of any of such proceeds.

(e)    The Borrowers will not, and will not permit any of their Subsidiaries to,
request any Loan or Letter of Credit, and the Borrowers shall not use, and shall
procure that their Subsidiaries and the respective directors, officers,
employees and agents of the Borrowers and their Subsidiaries shall not use, the
proceeds of any Loan or Letter of Credit (A) in furtherance of an offer,
payment, promise to pay, or authorization of the payment or giving of money, or
anything else of value, to any Person in violation of any Anti-Corruption Laws,
(B) for the purpose of funding, financing or facilitating any activities,
business or transaction of or with any Sanctioned Person, or in any Sanctioned
Country, or (C) in any manner that would result in the violation of any
Sanctions applicable to any party hereto.

8.16    Certain Obligations Respecting Subsidiaries; Further Assurances.

(a)    Subsidiary Guarantors. In the event that any Borrower or any of its
Subsidiaries shall form or acquire any Subsidiary after the First Restatement
Effective Date, such Borrower shall cause, and shall cause its Subsidiaries to
cause, such Subsidiary to:

(i)    execute and deliver to the Administrative Agent a Subsidiary Guarantee
Agreement in the form of Exhibit E (and, thereby, to become a “Subsidiary
Guarantor,” and an “Obligor” hereunder and a “Securing Party” under the Pledge
Agreement);

(ii)    deliver the shares of its stock or other ownership interests accompanied
by undated stock powers or other powers executed in blank to the Administrative
Agent, and to take other such action, as shall be necessary to create and
perfect valid and enforceable first priority Liens (subject to Liens permitted
under Section 8.06) on substantially all of the Property of such new Subsidiary
as collateral security for the obligations of such new Subsidiary under the
Subsidiary Guarantee Agreement, and

(iii)    deliver such proof of corporate action, limited liability company
action or partnership action, as the case may be, incumbency of officers,
opinions of counsel and other documents as is consistent with those delivered by
each Obligor pursuant to Section 6.01 on the Fourth Restatement Effective Date
or as the Administrative Agent shall have reasonably requested.

(b)    Ownership of Subsidiaries. Each Borrower will, and will cause each of its
Subsidiaries to, take such action from time to time as shall be necessary to
ensure that each of its Subsidiaries is a Wholly Owned Subsidiary. In the event
that any additional shares of stock or other ownership interests shall be issued
by any Subsidiary of a Borrower, such Borrower agrees forthwith to deliver to
the Administrative Agent pursuant to the Pledge Agreement the certificates
evidencing such shares of stock or other ownership interests, accompanied by
undated stock or other powers executed in blank and to take such other action as
the Administrative Agent shall request to perfect the security interest created
therein pursuant to the Pledge Agreement.

 

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(c)    Further Assurances. Each Borrower will, and will cause each of its
Subsidiaries to, take such action from time to time (including filing
appropriate Uniform Commercial Code financing statements and executing and
delivering such assignments, security agreements and other instruments) as shall
be requested by the Administrative Agent to create, in favor of the
Administrative Agent for the benefit of the Lenders, perfected security
interests and Liens in shares of stock or other ownership interests of their
Subsidiaries. In addition, the Borrowers will not issue additional equity
interests (“Additional Equity Interests”) after the date hereof to any Person (a
“New Equity Owner”) other than Mediacom Broadband (as to which the provisions of
the Guarantee and Pledge Agreement shall be applicable) unless such New Equity
Owner shall:

(i)    pledge such Additional Equity Interests to the Administrative Agent on
behalf of the Lenders pursuant to a pledge agreement in substantially the form
(other than negative covenants) of the Guarantee and Pledge Agreement and
otherwise in form and substance satisfactory to the Administrative Agent;

(ii)    deliver to the Administrative Agent any certificates evidencing the
Additional Equity Interests accompanied by undated powers executed in blank;

(iii)    deliver to the Administrative Agent such proof of corporate action,
limited liability company, partnership or other action, as applicable,
incumbency of officers, opinions of counsel and other documents as is consistent
with those delivered by Mediacom Broadband pursuant to Section 6.01 on the
Fourth Restatement Effective Date or as the Administrative Agent shall have
reasonably requested; and

(iv)    take other such additional action, as shall be necessary to create and
perfect valid and enforceable first priority security interests in the
Additional Equity Interests in favor of the Administrative Agent.

(d)    Certain Restrictions. The Borrowers will not, and will not permit any of
their Subsidiaries to, directly or indirectly, enter into, incur or permit to
exist any agreement or other arrangement that prohibits, restricts or imposes
any condition upon (a) the ability of the Borrowers or any Subsidiary to create,
incur or permit to exist any Lien upon any of its property or assets securing
the obligations of the Borrowers or any Subsidiary under any of the Loan
Documents, or in respect of any Interest Rate Protection Agreement, or (b) the
ability of any Subsidiary to pay dividends or other distributions with respect
to any shares of its capital stock or other ownership interests or to make or
repay loans or advances to the Borrowers or any Subsidiary or to Guarantee
Indebtedness of the Borrowers or any Subsidiary under any of the Loan Documents;
provided that (i) the foregoing shall not apply to restrictions and conditions
imposed by law or by any of the Loan Documents, (ii) the foregoing shall not
apply to customary restrictions and conditions contained in agreements relating
to the sale of a Subsidiary pending such sale, provided such restrictions and
conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iii) clause (a) of the foregoing shall not apply to
restrictions or conditions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement or any other Loan Document if such
restrictions or conditions apply only to the property or assets securing such
Indebtedness and (iv) clause (a) of the foregoing shall not apply to customary
provisions in leases and other contracts restricting the assignment thereof.

8.17    Modifications of Certain Documents. The Borrowers will not consent to
any modification, supplement or waiver of (i) any of the provisions of any
Management Agreement (other than modifications, supplements or waivers that do
not alter any of the material rights or obligations of the Borrowers thereunder,
it being understood that any modification of the management fee provisions
thereof that would have the effect of increasing the management fees payable
pursuant thereto shall be deemed material for purposes hereof) or (ii) any of
the provisions of any agreement, instrument or other document evidencing or
relating to Affiliate Subordinated Indebtedness or Indebtedness permitted under
Section 8.07(e) (other than such modifications, supplements and/or waivers that
are not adverse to the Lenders in any material respect) without the prior
consent of the Administrative Agent (with the approval of the Majority Lenders).

8.18    Additional Tranche A-1 Term Lender Equity and Security.

(a)    So long as the Additional Tranche A-1 Term Lender (or its affiliate) is a
Lender hereunder, each Borrower will (i) maintain its status as an entity
eligible to borrow from the Additional Tranche A-1 Term Lender

 

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and (ii) acquire equity in the Additional Tranche A-1 Term Lender in such
amounts and at such times as the Addi-tional Tranche A-1 Term Lender may require
in accordance with the Additional Tranche A-1 Term Lender’s Bylaws and Capital
Plan (as each may be amended from time to time), except that the maximum amount
of equity that any Borrower may be required to purchase in the Additional
Tranche A-1 Term Lender in connection with the Loans made by the Additional
Tranche A-1 Term Lender (or its affiliate) may not exceed the maximum amount
permitted by the Bylaws and Capital Plan at the time this Agreement is entered
into. Each Borrower acknowledges receipt of a copy of (x) the Additional Tranche
A-1 Term Lender’s most recent annual report, and if more recent, the Additional
Tranche A-1 Term Lender’s latest quarterly report, (y) the Additional Tranche
A-1 Term Lender’s Notice to Prospective Stockholders and (z) the Additional
Tranche A-1 Term Lender’s Bylaws and Capital Plan, which describe the nature of
all of each Borrower’s cash patronage, stock and other equities in the
Additional Tranche A-1 Term Lender acquired in connection with its patronage
loan from the Additional Tranche A-1 Term Lender (or its affiliate) (the
“Additional Tranche A-1 Term Lender Equities”) as well as capitalization
requirements, and agrees to be bound by the terms thereof.

(b)    Each party hereto acknowledges that the Additional Tranche A-1 Term
Lender’s Bylaws and Capital Plan (as each may be amended from time to time)
shall govern (i) the rights and obligations of the parties with respect to the
Additional Tranche A-1 Term Lender Equities and any patronage refunds or other
distributions made on account thereof or on account of each Borrower’s patronage
with the Additional Tranche A-1 Term Lender, (ii) each Borrower’s eligibility
for patronage distributions from the Additional Tranche A-1 Term Lender (in the
form of the Additional Tranche A-1 Term Lender Equities and cash) and
(iii) patronage distributions, if any, in the event of a sale of a participation
interest. The Additional Tranche A-1 Term Lender reserves the right to assign or
sell participations in all or any part of its (or its affiliate’s) Additional
Tranche A-1 Term Loan Commitments or outstanding Loans hereunder on a
non-patronage basis.

(c)    Each party hereto acknowledges that the Additional Tranche A-1 Term
Lender has a statutory first lien pursuant to the Farm Credit Act of 1971 (as
amended from time to time) on all the Additional Tranche A-1 Term Lender
Equities that any Borrower may now own or hereafter acquire, which statutory
lien shall be for the Additional Tranche A-1 Term Lender’s (or its affiliate’s)
sole and exclusive benefit. The Additional Tranche A-1 Term Lender Equities
shall not constitute security for the obligations due to any other Lender. To
the extent that any of the Loan Documents create a Lien on the Additional
Tranche A-1 Term Lender Equities or on patronage accrued by the Additional
Tranche A-1 Term Lender for the account of any Borrower (including, in each
case, proceeds thereof), such Lien shall be for the Additional Tranche A-1 Term
Lender’s (or its affiliate’s) sole and exclusive benefit and shall not be
subject to pro rata sharing hereunder. Neither the Additional Tranche A-1 Term
Lender Equities nor any accrued patronage shall be offset against the
obligations due to any Lender except that, in the event of an Event of Default,
the Additional Tranche A-1 Term Lender may elect, solely at its discretion, to
apply the cash portion of any patronage distribution or retirement of equity to
amounts owed to the Additional Tranche A-1 Term Lender or its affiliate under
this Agreement, whether or not such amounts are currently due and payable. Each
Borrower acknowledges that any corresponding tax liability associated with such
application is the sole responsibility of such Borrower. The Additional Tranche
A-1 Term Lender shall have no obligation to retire the Additional Tranche A-1
Term Lender Equities upon any Event of Default, Default or any other default by
any Borrower or at any other time, either for application to the obligations due
to any Lender or otherwise.

Section 9.    Events of Default.

9.01    Events of Default. If one or more of the following events (herein called
“Events of Default”) shall occur and be continuing:

(a)    The Borrowers shall default in the payment (i) when due (whether at
stated maturity or upon mandatory or optional prepayment of) any principal of
any Loan and (ii) within three days after the same becomes due, any interest on
any Loan or any Reimbursement Obligation or any fee or any other amount payable
by the Borrowers hereunder or under any other Loan Document; or

(b)    Any Borrower or any Subsidiary of a Borrower shall default in the payment
when due of any principal of or interest on any of its other Indebtedness
aggregating $35,000,000 or more; or any event specified in any note, agreement,
indenture or other document evidencing or relating to any such Indebtedness
shall occur if the effect of such event is to cause, or (without the lapse of
time or the taking of any action,

 

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other than the giving of notice) to permit the holder or holders of such
Indebtedness (or a trustee or agent on behalf of such holder or holders) to
cause, such Indebtedness to become due, or to be prepaid in full (whether by
redemption, purchase, offer to purchase or otherwise), prior to its stated
maturity; or any Borrower shall default in the payment when due of any amount
aggregating $35,000,000 or more under any Interest Rate Protection Agreement; or
any event specified in any Interest Rate Protection Agreement shall occur if the
effect of such event is to cause, or (with the giving of any notice or the lapse
of time or both) to permit, termination or liquidation payment or payments
aggregating $35,000,000 or more to become due under such Interest Rate
Protection Agreement; or

(c)    Any representation, warranty or certification made or deemed made herein
or in any other Loan Document (or in any modification or supplement hereto or
thereto) by any Obligor, or any certificate furnished to any Lender or the
Administrative Agent pursuant to the provisions hereof or thereof, shall prove
to have been false or misleading as of the time made or furnished in any
material respect; or

(d)    Any Borrower shall default in the performance of any of its obligations
under any of Sections 8.01(g), 8.05, 8.06, 8.07, 8.08, 8.09, 8.10, 8.11, 8.12,
8.14, 8.15(e), 8.16 or 8.17; or any Borrower shall default in the performance of
any of its other obligations in this Agreement or any Obligor shall default in
the performance of its obligations under any other Loan Document to which it is
a party, and such default shall continue unremedied for a period of thirty or
more days after notice thereof to the Borrowers by the Administrative Agent or
any Lender (through the Administrative Agent); provided that (i) a default under
Section 8.10(a) shall not constitute a Default or Event of Default with respect
to any Class of Loans or Commitments that is not included in determining
“Majority Institutional Term Lenders” unless and until the Majority
Institutional Term Lenders have accelerated the maturity of the Term Loans
included in determining the “Majority Institutional Term Lenders” as provided
below, (ii) a default under Section 8.10(b) shall not constitute a Default or
Event of Default with respect to any Class of Loans or Commitments that is not
included in determining “Majority Revolving Lenders” unless and until the
Majority Revolving Lenders have accelerated the maturity of the Loans and/or
terminated the Commitments included in determining the “Majority Revolving
Lenders” as provided below and (iii) a default under Section 8.10(c) shall not
constitute a Default or Event of Default with respect to any Class of Loans or
Commitments that is not included in determining “Majority Term A Lenders” unless
and until the Majority Term A Lenders have accelerated the maturity of the Term
Loans included in determining the “Majority Term A Lenders” as provided below;
or

(e)    Any Obligor shall admit in writing its inability to, or be generally
unable to, pay its debts as such debts become due; or

(f)    Any Obligor shall (i) apply for or consent to the appointment of, or the
taking of possession by, a receiver, custodian, trustee, examiner or liquidator
of itself or of all or a substantial part of its Property, (ii) make a general
assignment for the benefit of its creditors, (iii) commence a voluntary case
under the Bankruptcy Code, (iv) file a petition seeking to take advantage of any
other law relating to bankruptcy, insolvency, reorganization, liquidation,
dissolution, arrangement or winding-up, or composition or readjustment of debts,
(v) fail to controvert in a timely and appropriate manner, or acquiesce in
writing to, any petition filed against it in an involuntary case under the
Bankruptcy Code or (vi) take any corporate action for the purpose of effecting
any of the foregoing; or

(g)    A proceeding or case shall be commenced, without the application or
consent of any Obligor, in any court of competent jurisdiction, seeking (i) its
reorganization, liquidation, dissolution, arrangement or winding-up, or the
composition or readjustment of its debts, (ii) the appointment of a receiver,
custodian, trustee, examiner, liquidator or the like of such Obligor or of all
or any substantial part of its Property or (iii) similar relief in respect of
such Obligor under any law relating to bankruptcy, insolvency, reorganization,
winding-up, or composition or adjustment of debts, and such proceeding or case
shall continue undismissed, or an order, judgment or decree approving or
ordering any of the foregoing shall be entered and continue unstayed and in
effect, for a period of 60 or more days; or an order for relief against such
Obligor shall be entered in an involuntary case under the Bankruptcy Code; or

 

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(h)    Any Borrower shall be terminated, dissolved or liquidated (as a matter of
law or otherwise) (other than a permitted merger or consolidation of any
Borrower into any other Borrower in accordance with Section 8.05(d)(i)), or
proceedings shall be commenced by a Borrower seeking the termination,
dissolution or liquidation of a Borrower, or proceedings shall be commenced by
any Person (other than the Borrowers) seeking the termination, dissolution or
liquidation of a Borrower and such proceeding shall continue undismissed for a
period of 60 or more days; or

(i)    A final judgment or judgments for the payment of money of $10,000,000 or
more in the aggregate (exclusive of judgment amounts fully covered by insurance
where the insurer has admitted liability in respect of such judgment) or of
$35,000,000 or more in the aggregate (regardless of insurance coverage) shall be
rendered by one or more courts, administrative tribunals or other bodies having
jurisdiction against the Borrowers or any of their Subsidiaries and the same
shall not be discharged (or provision shall not be made for such discharge), or
a stay of execution thereof shall not be procured, within 30 days from the date
of entry thereof and the relevant Borrower or Subsidiary shall not, within such
period of 30 days, or such longer period during which execution of the same
shall have been stayed, appeal therefrom and cause the execution thereof to be
stayed during such appeal; or

(j)    An event or condition specified in Section 8.01(e) shall occur or exist
with respect to any Plan or Multiemployer Plan and, as a result of such event or
condition, together with all other such events or conditions, the Borrowers or
any ERISA Affiliate shall incur or in the opinion of the Majority Lenders shall
be reasonably likely to incur a liability to a Plan, a Multiemployer Plan or the
PBGC (or any combination of the foregoing) that, in the determination of the
Majority Lenders, would (either individually or in the aggregate) have a
Material Adverse Effect; or

(k)    [Reserved]; or

(l)    A Change of Control shall occur and be continuing; or

(m)    Except for Franchises that cover fewer than 10% of the Video Customers of
the Borrowers and their Subsidiaries (determined as at the last day of the most
recent fiscal quarter for which a Quarterly Officers’ Report shall have been
delivered) one or more Franchises relating to the CATV Systems of the Borrowers
and their Subsidiaries shall be terminated or revoked such that the respective
Borrower or Subsidiary is no longer able to operate such Franchises and retain
the revenue received therefrom or the respective Borrower or Subsidiary or the
grantors of such Franchises shall fail to renew such Franchises at the stated
expiration thereof such that the respective Borrower or Subsidiary is no longer
able to operate such Franchises and retain the revenue received therefrom; or

(n)    The Liens created by the Security Documents shall at any time not
constitute a valid and perfected Lien on the collateral intended to be covered
thereby (to the extent perfection by control, filing, registration, recordation
or possession is required herein or therein) in favor of the Administrative
Agent, free and clear of all other Liens (other than Liens permitted under
Section 8.06 or under the respective Security Documents), or, except for
expiration in accordance with its terms, any of the Security Documents shall for
whatever reason be terminated or cease to be in full force and effect, or the
enforceability thereof shall be contested by any Obligor; or

(o)    Any Operating Agreement shall be modified without the prior consent of
the Administrative Agent (with the approval of the Majority Lenders) in any
manner that would adversely affect the obligations of the Borrowers, or the
rights of the Lenders or the Administrative Agent, hereunder or under any of the
other Loan Documents;

THEREUPON: (1) in the case of an Event of Default other than one referred to in
clause (f) or (g) of this Section 9.01 with respect to any Borrower, the
Administrative Agent shall, if instructed by the Majority Lenders (or, in the
case of an Event of Default subject to (x) subclause (i) of the proviso to
clause (d) above that has not yet become an Event of Default with respect to all
then outstanding Commitments and Loans and solely with respect to the Term Loans
included in determining the “Majority Institutional Term Lenders”, the Majority
Institutional Term Lenders or (y) subclause (ii) of the proviso to clause
(d) above that has not yet become an Event of Default with respect to all

 

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then outstanding Commitments and Loans and solely with respect to the Loans,
Letters of Credit Liabilities and Commitments included in determining the
“Majority Revolving Lenders”, the Majority Revolving Lenders or (z) subclause
(iii) of the proviso to clause (d) above that has not yet become an Event of
Default with respect to all then outstanding Commitments and Loans and solely
with respect to the Term Loans included in determining the “Majority Term A
Lenders”, the Majority Term A Lenders), by notice to the Borrowers, terminate
the Commitments and/or declare the principal amount then outstanding of, and the
accrued interest on, the Loans, the Reimbursement Obligations and all other
amounts payable by the Borrowers hereunder (including, without limitation, any
amounts payable under Section 5.05 or 5.06) to be forthwith due and payable,
whereupon such amounts shall be immediately due and payable without presentment,
demand, protest or other formalities of any kind, all of which are hereby
expressly waived by the Borrowers; and (2) in the case of the occurrence of an
Event of Default referred to in clause (f) or (g) of this Section 9.01 with
respect to any Borrower, the Commitments shall automatically be terminated and
the principal amount then outstanding of, and the accrued interest on, the
Loans, Reimbursement Obligations and all other amounts payable by the Borrowers
hereunder (including, without limitation, any amounts payable under Section 5.05
or 5.06) shall automatically become immediately due and payable without
presentment, demand, protest or other formalities of any kind, all of which are
hereby expressly waived by the Borrowers.

In addition, upon the occurrence and during the continuance of any Event of
Default (if the Administrative Agent has declared the principal amount then
outstanding of, and accrued interest on, the Revolving Credit Loans and all
other amounts payable by the Borrowers with respect to the Revolving Credit
Commitments hereunder to be due and payable), the Borrowers agree that they
shall, if requested by the Administrative Agent or the Majority Revolving Credit
Lenders through the Administrative Agent (and, in the case of any Event of
Default referred to in clause (f) or (g) of this Section 9.01 with respect to
the Borrowers, forthwith, without any demand or the taking of any other action
by the Administrative Agent or such Lenders) provide cover for the Letter of
Credit Liabilities by paying to the Administrative Agent immediately available
funds in an amount equal to the then aggregate undrawn face amount of all
Letters of Credit, which funds shall be held by the Administrative Agent in the
Collateral Account as collateral security in the first instance for the Letter
of Credit Liabilities and be subject to withdrawal only as therein provided.

9.02    Certain Cure Rights.

(a)    Total Leverage Ratio. Notwithstanding the provisions of Section 9.01, but
without limiting the obligations of the Borrowers under Section 8.10(a), (b)(i)
or (c)(i) a breach by the Borrowers as of the last day of any fiscal quarter or
any fiscal year of its obligations under Section 8.10(a), (b)(i) or (c)(i) shall
not constitute an Event of Default hereunder (except for purposes of Section 6)
until the date (for purposes of this clause (a), the “Cut-Off Date”) which is
the earlier of the date thirty days after (a) the date the financial statements
for the Borrowers and their Subsidiaries with respect to such fiscal quarter or
fiscal year, as the case may be, are delivered pursuant to Section 8.01(a) or
8.01(b) or (b) the latest date on which such financial statements are required
to be delivered pursuant to Section 8.01(a) or 8.01(b), provided that, if
following the last day of such fiscal quarter or fiscal year and prior to the
Cut-Off Date, the Borrowers shall have received Cure Monies (and shall have
applied the proceeds thereof to the prepayment of the Loans hereunder, which
prepayment, in the case of Affiliate Subordinated Indebtedness, shall be
effected in the manner provided in Section 8.12(a)), or shall have prepaid the
Loans hereunder from available cash, in an amount sufficient to bring the
Borrowers into compliance with Section 8.10(a), (b)(i) or (c)(i) assuming that
the Total Leverage Ratio, as of the last day of such fiscal quarter or fiscal
year, as the case may be, were recalculated to subtract such prepayment from the
aggregate outstanding amount of Indebtedness, then such breach or breaches shall
be deemed to have been cured; provided, further, that breaches of Section 8.10
(including pursuant to paragraph (b) below) may not be deemed to be cured
pursuant to this Section 9.02 (x) more than three times during the term of this
Agreement or (y) during consecutive fiscal quarters.

(b)    Interest Coverage Ratio. Notwithstanding the provisions of Section 9.01,
but without limiting the obligations of the Borrowers under Section 8.10(b)(ii)
or (c)(ii), a breach by the Borrowers as of the last day of any fiscal quarter
or any fiscal year of its obligations under Section 8.10(b) (ii) or (c)(ii)
shall not constitute an Event of Default hereunder (except for purposes of
Section 6) until the date (for purposes of this clause (b), the “Cut-Off Date”)
which is the earlier of the date thirty days after (a) the date the financial
statements for the Borrowers and their Subsidiaries with respect to such fiscal
quarter or fiscal year, as the case may be, are delivered pursuant to
Section 8.01(a) or 8.01(b) or (b) the latest date on which such financial
statements are required to be delivered pursuant to Section 8.01(a) or 8.01(b),
provided that, if following the last day of such fiscal quarter or fiscal year
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the Cut-Off Date, the Borrowers shall have received Cure Monies (and shall have
applied the proceeds thereof to the prepayment of the Loans hereunder, which
prepayment, in the case of Affiliate Subordinated Indebtedness, shall be
effected in the manner provided in Section 8.12(a)), or shall have prepaid the
Loans hereunder from available cash, in an amount sufficient to bring the
Borrowers into compliance with Section 8.10(b) (ii) or (c)(ii) assuming that the
Interest Coverage Ratio, as of the last day of such fiscal quarter or fiscal
year, as the case may be, were recalculated to deduct from Interest Expense the
aggregate amount of interest that would not have been required to be paid
hereunder if such prepayment had been made on the first day of the period for
which the Interest Coverage Ratio is determined under Section 8.10(b) (ii)
and/or (c)(ii), as applicable, then such breach or breaches shall be deemed to
have been cured; provided, further, that breaches of Section 8.10 (including
pursuant to paragraph (a) above) may not be deemed to be cured pursuant to this
Section 9.02 (x) more than three times during the term of this Agreement or
(y) during consecutive fiscal quarters.

Section 10.    The Administrative Agent.

10.01    Appointment, Powers and Immunities. Each Lender hereby appoints and
authorizes the Administrative Agent to act as its agent hereunder and under the
other Loan Documents with such powers as are specifically delegated to the
Administrative Agent by the terms of this Agreement and under the other Loan
Documents, together with such other powers as are reasonably incidental thereto.
The Administrative Agent (which term as used in this sentence and in
Section 10.05 and the first sentence of Section 10.06 shall include reference to
its affiliates and its own and its affiliates’ officers, directors, employees
and agents):

(a)    shall have no duties or responsibilities except those expressly set forth
in this Agreement and in the other Loan Documents, and shall not by reason of
this Agreement or any other Loan Document be a trustee for any Lender;

(b)    shall not be responsible to the Lenders for any recitals, statements,
representations or warranties contained in this Agreement or in any other Loan
Document, or in any certificate or other document referred to or provided for
in, or received by any of them under, this Agreement or any other Loan Document,
or for the value, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document or any other document
referred to or provided for herein or therein or for any failure by the
Borrowers or any other Person to perform any of its obligations hereunder or
thereunder;

(c)    shall not, except to the extent expressly instructed by the Majority
Lenders with respect to the collateral security under the Security Documents, be
required to initiate or conduct any litigation or collection proceedings
hereunder or under any other Loan Document; and

(d)    shall not be responsible for any action taken or omitted to be taken by
it hereunder or under any other Loan Document or under any other document or
instrument referred to or provided for herein or therein or in connection
herewith or therewith, except for its own gross negligence or willful misconduct
as, and to the extent, determined by a court of competent jurisdiction in a
final, non-appealable judgment.

The Administrative Agent may employ agents and attorneys-in-fact and shall not
be responsible for the negligence or misconduct of any such agents or
attorneys-in-fact selected by it in good faith.

10.02    Reliance by Administrative Agent. The Administrative Agent shall be
entitled to rely upon any certification, notice or other communication
(including, without limitation, any thereof by telephone, telecopy, telegram or
cable) reasonably believed by it to be genuine and correct and to have been
signed or sent by or on behalf of the proper Person or Persons, and upon advice
and statements of legal counsel, independent accountants and other experts
selected by the Administrative Agent. As to any matters not expressly provided
for by this Agreement or any other Loan Document, the Administrative Agent shall
in all cases be fully protected in acting, or in refraining from acting,
hereunder or thereunder in accordance with instructions given by the Majority
Lenders or, if provided herein, in accordance with the instructions given by the
Majority Lenders of a particular Class or all of the Lenders as is required in
such circumstance, and such instructions of such Lenders and any action taken or
failure to act pursuant thereto shall be binding on all of the Lenders.

 

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10.03    Defaults. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of a Default unless the Administrative
Agent has received notice from a Lender or the Borrowers specifying such Default
and stating that such notice is a “Notice of Default.” In the event that the
Administrative Agent receives such a notice of the occurrence of a Default, the
Administrative Agent shall give prompt notice thereof to the Lenders. The
Administrative Agent shall (subject to Section 10.07) take such action with
respect to such Default as shall be directed by the Majority Lenders or, if
provided herein, the Majority Lenders of a particular Class, provided that,
unless and until the Administrative Agent shall have received such directions,
the Administrative Agent may (but shall not be obligated to) take such action,
or refrain from taking such action, with respect to such Default as it shall
deem advisable in the best interest of the Lenders except to the extent that
this Agreement expressly requires that such action be taken, or not be taken,
only with the consent or upon the authorization of the Majority Lenders of a
particular Class or all of the Lenders.

10.04    Rights as a Lender. With respect to its Commitments and the Loans made
by it, JPMCB (and any successor acting as Administrative Agent) in its capacity
as a Lender hereunder shall have the same rights and powers hereunder as any
other Lender and may exercise the same as though it were not acting as the
Administrative Agent, and the term “Lender” or “Lenders” shall, unless the
context otherwise indicates, include the Administrative Agent in its individual
capacity. JPMCB (and any successor acting as Administrative Agent) and its
affiliates may (without having to account therefor to any Lender) accept
deposits from, lend money to, make investments in and generally engage in any
kind of banking, trust or other business with the Borrowers (and any of their
Subsidiaries or Affiliates) as if it were not acting as the Administrative
Agent, and JPMCB (and any such successor) and its affiliates may accept fees and
other consideration from the Borrowers for services in connection with this
Agreement or otherwise without having to account for the same to the Lenders.

10.05    Indemnification. The Lenders agree to indemnify the Administrative
Agent (to the extent not reimbursed under Section 11.03, but without limiting
the obligations of the Borrowers under Section 11.03) ratably in accordance with
the aggregate principal amount of the Loans and Letter of Credit Liabilities
held by the Lenders (or, if no Loans or Letter of Credit Liabilities are at the
time outstanding, ratably in accordance with their respective Commitments), for
any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind and nature
whatsoever that may be imposed on, incurred by or asserted against the
Administrative Agent (including by any Lender) arising out of or by reason of
any investigation in or in any way relating to or arising out of this Agreement
or any other Loan Document, any other documents contemplated by or referred to
herein or therein or the transactions contemplated hereby or thereby (including,
without limitation, the costs and expenses that the Borrowers are obligated to
pay under Section 11.03, but excluding, unless a Default has occurred and is
continuing, normal administrative costs and expenses incident to the performance
of its agency duties hereunder) or the enforcement of any of the terms hereof or
thereof or of any such other documents, provided that no Lender shall be liable
for any of the foregoing to the extent they arise from the gross negligence or
willful misconduct of the party to be indemnified as, and to the extent,
determined by a court of competent jurisdiction in a final, non-appealable
judgment.

10.06    Non-Reliance on Administrative Agent and Other Lenders. Each Lender
agrees that it has, independently and without reliance on the Administrative
Agent or any other Lender, and based on such documents and information as it has
deemed appropriate, made its own credit analysis of the Borrowers and their
Subsidiaries and decision to enter into this Agreement and that it will,
independently and without reliance upon the Administrative Agent or any other
Lender, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own analysis and decisions in taking or not
taking action under this Agreement or under any other Loan Document. The
Administrative Agent shall not be required to keep itself informed as to the
performance or observance by the Borrowers of this Agreement or any of the other
Loan Documents or any other document referred to or provided for herein or
therein or to inspect the Properties or books of the Borrowers or any of their
Subsidiaries. Except for notices, reports and other documents and information
expressly required to be furnished to the Lenders by the Administrative Agent
hereunder or under the Security Documents, the Administrative Agent shall not
have any duty or responsibility to provide any Lender with any credit or other
information concerning the affairs, financial condition or business of the
Borrowers or any of their Subsidiaries (or any of their affiliates) that may
come into the possession of the Administrative Agent or any of its affiliates.

 

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10.07    Failure To Act. Except for action expressly required of the
Administrative Agent hereunder and under the other Loan Documents, the
Administrative Agent shall in all cases be fully justified in failing or
refusing to act hereunder or thereunder unless it shall receive further
assurances to its satisfaction from the Lenders of their indemnification
obligations under Section 10.05 against any and all liability and expense that
may be incurred by it by reason of taking or continuing to take any such action.

10.08    Resignation or Removal of Administrative Agent. Subject to the
appointment and acceptance of a successor Administrative Agent as provided
below, the Administrative Agent may resign at any time by giving five days prior
notice thereof to the Lenders and the Borrowers, and the Administrative Agent
may be removed at any time with or without cause by the Majority Lenders. Upon
any such resignation or removal, the Majority Lenders shall have the right, in
consultation with the Borrowers, to appoint a successor Administrative Agent. If
no successor Administrative Agent shall have been so appointed by the Majority
Lenders and shall have accepted such appointment within 30 days after the
retiring Administrative Agent’s giving of notice of resignation or the Majority
Lenders’ removal of the retiring Administrative Agent, then the retiring
Administrative Agent may, on behalf of the Lenders, in consultation with the
Borrowers, appoint a successor Administrative Agent, that shall be a bank that
has an office in New York, New York with a combined capital and surplus of at
least $5,000,000,000. Upon the acceptance of any appointment as Administrative
Agent hereunder by a successor Administrative Agent, such successor
Administrative Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Administrative Agent, and
the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder. After any retiring Administrative Agent’s resignation or
removal hereunder as Administrative Agent, the provisions of this Section 10
shall continue in effect for its benefit in respect of any actions taken or
omitted to be taken by it while it was acting as the Administrative Agent.

10.09    Consents Under Other Loan Documents. Except as otherwise provided in
Section 11.04 with respect to this Agreement, the Administrative Agent may, with
the prior consent of the Majority Lenders (but not otherwise), consent to any
modification, supplement or waiver under any of the Loan Documents, provided
that, without the prior consent of each Lender, the Administrative Agent shall
not (except as provided herein or in the Security Documents) release Mediacom
Broadband from its guarantee obligations under the Guarantee and Pledge
Agreement or release all or substantially all of the Subsidiary Guarantors from
their obligations under the Security Documents, or release all or substantially
all of the collateral or otherwise terminate all or substantially all of the
Liens under the Security Documents (taken as a whole), or agree to additional
obligations being secured by all or substantially all such collateral security
(unless such additional obligations arise under this Agreement, or the Lien for
such additional obligations shall be junior to the Lien in favor of the other
obligations secured by such Security Document, in either of which events the
Administrative Agent may consent to such Lien, provided that it obtains the
consent of the Majority Lenders thereto), alter the relative priorities of the
obligations entitled to the benefits of all or substantially all of the Liens
under the Security Documents, except that no such consent shall be required, and
the Administrative Agent is hereby authorized, to release any Lien covering
Property (and to release any Subsidiary Guarantor) that is the subject of either
a disposition of Property permitted hereunder or a Disposition to which the
Majority Lenders have consented.

10.10    Withholding Tax. To the extent required by any applicable law, the
Administrative Agent may withhold from any payment to any Lender (including any
Issuing Lender) an amount equivalent to any applicable withholding tax. Without
limiting or expanding the provisions of Section 5.07, each Lender shall, and
does hereby, indemnify the Administrative Agent against, and shall make payable
in respect thereof within 30 days after demand therefor, any and all taxes and
any and all related losses, claims, liabilities and expenses (including fees,
charges and disbursements of any counsel for the Administrative Agent) Incurred
by or asserted against the Administrative Agent by the Internal Revenue Service
or any other governmental authority as a result of the failure of the
Administrative Agent to properly withhold tax from amounts paid to or for the
account of any Lender for any reason (including, without limitation, because the
appropriate form was not delivered or not property executed, or because such
Lender failed to notify the Administrative Agent of a change in circumstance
that rendered the exemption from, or reduction of withholding tax ineffective).
A certificate as to the amount of such payment or liability delivered to any
Lender by the Administrative Agent shall be conclusive absent manifest error.
Each Lender hereby authorizes the Administrative Agent to set off and apply any
and all amounts at any time owing to such Lender under this Agreement or any
other Loan Document against any amount due the Administrative Agent under this
Section 10.10. The agreements in this Section 10.10 shall survive the
resignation and/or replacement of the Administrative Agent, any assignment of
rights by, or the replacement of, a Lender, the repayment of the Loans and
Reimbursement Obligations and the termination of the Commitments and, in the
case of any Lender that may assign any interest in its Commitments, Loans or
Letter of Credit Interest hereunder, shall survive the making of such
assignment.

 

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10.11    Other Agents. Except as expressly provided herein, the Joint Lead
Arrangers, Joint Bookrunners, Lead Arrangers, Bookrunners, the Co-Syndication
Agents and the Co-Documentation Agents named on the cover page of this Agreement
shall not have any right, power, obligation, liability, responsibility or duty
under this Agreement. Without limiting the generality of the foregoing, no such
Person shall have or be deemed to have any fiduciary relationship with any other
Lender in connection herewith. Each Lender acknowledges that it has not relied,
and will not rely, on any such entity in deciding to enter into this Agreement
or in taking or not taking action hereunder.

Section 11.    Miscellaneous.

11.01    Waiver. No failure on the part of the Administrative Agent or any
Lender to exercise and no delay in exercising, and no course of dealing with
respect to, any right, power or privilege under this Agreement shall operate as
a waiver thereof, nor shall any single or partial exercise of any right, power
or privilege under this Agreement preclude any other or further exercise thereof
or the exercise of any other right, power or privilege. The remedies provided
herein are cumulative and not exclusive of any remedies provided by law.

Each Borrower irrevocably waives, to the fullest extent permitted by applicable
law, any claim that any action or proceeding commenced by the Administrative
Agent or any Lender relating in any way to this Agreement should be dismissed or
stayed by reason, or pending the resolution, of any action or proceeding
commenced by a Borrower relating in any way to this Agreement whether or not
commenced earlier. To the fullest extent permitted by applicable law, the
Borrowers shall take all measures necessary for any such action or proceeding
commenced by the Administrative Agent or any Lender to proceed to judgment prior
to the entry of judgment in any such action or proceeding commenced by a
Borrower.

11.02    Notices. All notices, requests and other communications provided for
herein and under the Security Documents (including, without limitation, any
modifications of, or waivers, requests or consents under, this Agreement) shall
be given or made in writing (including, without limitation, by telecopy)
delivered to the intended recipient at (i) in the case of the Borrowers and the
Administrative Agent, the “Address for Notices” specified on Schedule A and
(ii) in the case of each of the Lenders, the address (or telecopy number) set
forth in its Administrative Questionnaire; or, as to any party, at such other
address as shall be designated by such party in a notice to each other party.
Notwithstanding the foregoing, notices of borrowing, prepayment and Conversion
of Loans pursuant to Section 4.05 may be made by telephone, so long as the same
are promptly confirmed in writing. Except as otherwise provided in this
Agreement, all such communications shall be deemed to have been duly given when
transmitted by telecopier or personally delivered or, in the case of a mailed
notice, upon receipt, in each case given or addressed as aforesaid.

11.03    Expenses, Etc. The Borrowers jointly and severally agree to pay or
reimburse each of the Lenders and the Administrative Agent for: (a) all
reasonable out-of-pocket costs and expenses of the Administrative Agent
(including, without limitation, the reasonable fees and expenses of Cahill
Gordon & Reindel LLP, special New York counsel to JPMCB) in connection with
(i) the negotiation, preparation, execution and delivery of this Agreement and
the other Loan Documents and the extension of credit hereunder and (ii) the
negotiation or preparation of any modification, supplement or waiver of any of
the terms of this Agreement or any of the other Loan Documents (whether or not
consummated); (b) all reasonable out-of-pocket costs and expenses of the Lenders
and the Administrative Agent (including, without limitation, the reasonable fees
and expenses of legal counsel) in connection with (i) any Default and any
enforcement or collection proceedings resulting therefrom, including, without
limitation, all manner of participation in or other involvement with
(x) bankruptcy, insolvency, receivership, foreclosure, winding up or liquidation
proceedings, (y) judicial or regulatory proceedings and (z) workout,
restructuring or other negotiations or proceedings (whether or not the workout,
restructuring or transaction contemplated thereby is consummated) and (ii) the
enforcement of this Section 11.03; and (c) all transfer, stamp, documentary or
other similar taxes, assessments or charges levied by any governmental or
revenue authority in respect of this Agreement or any of the other Loan
Documents or any other document referred to herein or therein and all costs,
expenses, taxes, assessments and other charges incurred in connection with any
filing, registration, recording or perfection of any security interest
contemplated by any Security Document or any other document referred to therein.

 

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The Borrowers hereby jointly and severally agree to indemnify each Agent, each
Lender, each of their affiliates and their respective directors, officers,
employees, trustees, investment advisors, attorneys and agents (collectively,
the “Indemnified Parties”) from, and hold each of them harmless against, any and
all losses, liabilities, claims, damages or expenses (including the reasonable
fees, charges and disbursements of any counsel for any Indemnified Party)
incurred by any of them (including, without limitation, any and all losses,
liabilities, claims, damages or expenses incurred by any Agent to any Lender,
whether or not such Agent or any Lender is a party thereto and whether or not
such claim, litigation, investigation or proceeding is brought by any Borrower,
their equity holders, affiliates or creditors or any third person) arising out
of or by reason of any investigation or litigation or other proceedings
(including any threatened investigation or litigation or other proceedings)
relating to the execution, delivery or performance of the Loan Documents, the
extensions of credit hereunder or any actual or proposed use by the Borrowers or
any of their Subsidiaries of the proceeds of any of the extensions of credit
hereunder, including, without limitation, the reasonable fees, charges and
disbursements of counsel incurred in connection with any such investigation or
litigation or other proceedings (but excluding any such losses, liabilities,
claims, damages or expenses incurred by reason of the gross negligence or
willful misconduct of the Person to be indemnified as, and to the extent,
determined by a court of competent jurisdiction in a final, non-appealable
judgment (it being understood that if it is determined by a court of competent
jurisdiction in a final, non-appealable judgment that any such losses,
liabilities, claims, damages or expenses were caused by the willful misconduct
or gross negligence of an Indemnified Party, such Indemnified Party shall refund
to the Borrowers any amounts paid by the Borrowers to such Person pursuant to
this paragraph in respect thereof)). No Indemnified Party shall be liable on any
theory of liability for any special, indirect, consequential or punitive damages
(including, without limitation, any loss of profits, business or anticipated
savings).

11.04    Amendments, Etc. Except as otherwise expressly provided in this
Agreement, any provision of this Agreement may be modified or supplemented only
by an instrument in writing signed by the Borrowers and the Majority Lenders, or
by the Borrowers and the Administrative Agent acting with the consent of the
Majority Lenders, and any provision of this Agreement may be waived by the
Majority Lenders or by the Administrative Agent acting with the consent of the
Majority Lenders; provided that:

(a)    Subject to Section 5.02(b), no modification, supplement or waiver shall:

(i)    increase the Commitment of any Lender without the written consent of such
Lender;

(ii)    reduce the principal amount of any Loan or Reimbursement Obligation or
reduce the rate of interest thereon, or reduce any fees payable hereunder,
without the written consent of each Lender directly affected thereby;

(iii)    postpone the scheduled date of payment of the principal amount of any
Loan or Reimbursement Obligation, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or
postpone the scheduled date of expiration or reduction of any Commitment, or
postpone the ultimate expiration date of any Letter of Credit beyond the
Revolving Credit Commitment Termination Date or commitment termination date for
the relevant Incremental Facility Revolving Credit Commitments, as applicable,
without the written consent of each Lender directly affected thereby;

(iv)    change Section 4.02 or 4.07 in a manner that would alter the pro rata
sharing of payments required thereby, without in each case the written consent
of each Lender adversely affected thereby;

(v)    alter the manner in which payments or prepayments of principal, interest
or other amounts hereunder shall be applied between or among the Lenders or
Classes of Loans without the written consent of the Majority Lenders of each
Class affected thereby, or alter in any other manner the obligation of the
Borrowers to prepay Loans hereunder without the consent of the Majority Lenders
of each Class affected thereby;

(vi)    change any of the provisions of this Section 11.04 or the percentage in
the definition of “Majority Lenders”, “Majority Institutional Term Lenders”,
“Majority Revolving Lenders” or “Majority Term A Lenders” or modify in any other
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the Lenders required to make any determinations or waive any rights hereunder or
to modify any provision hereof, in each case, without the written consent of
each Lender adversely affected thereby; or

(vii)    waive any of the conditions precedent set forth in Section 6 applicable
to the initial extension of credit hereunder, without the written consent of
each Lender;

(b)    any modification or supplement of Section 10, or of any of the rights or
duties of the Administrative Agent hereunder, shall require the consent of the
Administrative Agent;

(c)    any modification or supplement of Section 8.10(a) (including defined
terms therein as it relates to such Section) and any waiver of any Event of
Default arising from a breach of Section 8.10(a) shall require the consent of
the Majority Institutional Term Lenders in lieu of the Majority Lenders;

(d)    any modification or supplement of Section 8.10(b) (including defined
terms therein as it relates to such Section) and any waiver of any Event of
Default arising from a breach of Section 8.10(b) shall require the consent of
the Majority Revolving Lenders in lieu of the Majority Lenders; and

(e)    any modification or supplement of Section 8.10(c) (including defined
terms therein as it relates to such Section) and any waiver of any Event of
Default arising from a breach of Section 8.10(c) shall require the consent of
the Majority Term A Lenders in lieu of the Majority Lenders.

Notwithstanding anything in this Section 11.04 to the contrary, the
Administrative Agent and the Borrowers may, with the consent of such Persons but
without the consent of any other Person, amend, modify or supplement this
Agreement and any other Loan Document to cure any ambiguity, typographical or
technical error, defect or inconsistency and such amendment shall become
effective without any further action or the consent of any other party to any
Loan Document if the same is not objected to in writing by the Majority Lenders
within five (5) Business Days following receipt of notice thereof.

Anything in this Agreement to the contrary notwithstanding, no waiver or
modification of any provision of this Agreement that has the effect (either
immediately or at some later time) of enabling the Borrowers to satisfy a
condition precedent to the making of a Loan of any Class shall be effective
against the Lenders of such Class for the purposes of the Commitments of such
Class unless the Majority Lenders of such Class shall have concurred with such
waiver or modification, and no waiver or modification of any provision of this
Agreement or any other Loan Document that could reasonably be expected to
adversely affect the Lenders of any Class shall be effective against the Lenders
of such Class unless the Majority Lenders of such Class shall have concurred
with such waiver or modification.

11.05    Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and
permitted assigns.

11.06    Assignments and Participations.

(a)    Assignments Generally. The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto (including any Affiliate of
any Issuing Lender that issues any Letter of Credit) and their respective
successors and assigns permitted hereby, except that (i) no Borrower may assign
or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer
by a Borrower without such consent shall be null and void) and (ii) no Lender
may assign or otherwise transfer its rights or obligations hereunder except in
accordance with this Section 11.06. Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby (including any
Affiliate of any Issuing Lender that issues any Letter of Credit), Participants
(to the extent provided in paragraph (e) below) and, to the extent expressly
contemplated hereby, the Affiliates and the respective directors, officers,
employees, agents and advisors of each of the Administrative Agent, the Issuing
Lenders, the Lenders and each of their Affiliates) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

 

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(b)    Assignments by Lenders.

(i)    Assignments Generally. Subject to the conditions set forth in clause
(ii) below, any Lender may assign to one or more assignees (other than an
Ineligible Institution) all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Revolving Credit Commitment or
Incremental Facility Revolving Credit Commitment, and the Loans and Letter of
Credit Interest, at the time held by it) with the prior written consent (such
consent not to be unreasonably withheld) of:

(A)    the Borrowers, provided that, the Borrower shall be deemed to have
consented to an assignment unless they shall have objected thereto by written
notice to the Administrative Agent within five (5) Business Days after having
received notice thereof, provided, further that no consent of the Borrowers
shall be required for an assignment to a Lender, an Affiliate of a Lender, an
Approved Fund or, if an Event of Default under paragraph (a), (f) or (g) of
Section 9.01 shall have occurred and is continuing, any other assignee;

(B)    the Administrative Agent, provided that no consent of the Administrative
Agent shall be required for (w) an assignment of any Term Loans to a Lender, an
Affiliate or a Lender or an Approved Fund, (x) an assignment of any Revolving
Credit Loans or Revolving Credit Commitments to an assignee that is a Lender
with a Revolving Credit Commitment immediately prior to giving effect to such
assignment, (y) an assignment of any Incremental Facility Revolving Credit
Commitments to an assignee that is a Lender with an Incremental Facility
Revolving Credit Commitment immediately prior to giving effect to such
assignment or (z) an assignment of any Incremental Facility Term Loan
Commitments to an assignee that is a Lender with an Incremental Facility Term
Loan Commitment immediately prior to giving effect to such assignment; and

(C)    each Issuing Lender, in the case of an assignment of all or a portion of
(x) a Revolving Credit Commitment or any Revolving Credit Lender’s obligations
in respect of its Letter of Credit Interest thereunder or (y) an Incremental
Facility Revolving Credit Commitment providing for Letters of Credit, or any
Incremental Facility Revolving Credit Lender’s obligations in respect of its
Letter of Credit Interest thereunder.

(ii)    Certain Conditions to Assignments. Assignments shall be subject to the
following additional conditions:

(A)    except in the case of an assignment to a Lender or an Affiliate of a
Lender or an assignment of the entire remaining amount of the assigning Lender’s
Commitment, Loans or Letter of Credit Interest of any Class, the amount of the
Commitment, Loans or Letter of Credit Interest of the assigning Lender subject
to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent) shall
not be less than $5,000,000 or, in the case of a Term Loan, $500,000 (provided,
that all amounts assigned shall be aggregated in calculating the $500,000
minimum in the event of simultaneous assignments to or from two or more
Affiliated Approved Funds) unless the Borrowers and the Administrative Agent
otherwise consent, provided that no such consent of the Borrowers shall be
required if an Event of Default under paragraph (a), (f) or (g) of Section 9.01
has occurred and is continuing;

(B)    each partial assignment shall be made as an assignment of a proportionate
part of all the assigning Lender’s rights and obligations under this Agreement,
provided that this clause shall not be construed to prohibit the assignment of a
proportionate part of all the assigning Lender’s rights and obligations in
respect of one Class of Commitments, Loans or Letter of Credit Interest;

(C)    the parties to each assignment shall execute and deliver to the
Administrative Agent (x) an Assignment and Assumption or (y) to the extent
applicable, an agreement incorporating an Assignment and Assumption by reference
pursuant to a Platform as to which the Administrative Agent and the parties to
the Assignment and Assumption are participants), together with a processing and
recordation fee of U.S. $3,500 (provided, that only one such fee shall be
payable in the event of simultaneous assignments to or from one or more
Affiliated Approved Funds); and

 

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(D)    the assignee, if it shall not already be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire.

(iii)    Effectiveness of Assignments. Subject to acceptance and recording
thereof pursuant to paragraph (c) below, from and after the effective date
specified in each Assignment and Assumption the assignee thereunder shall be a
party hereto and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering
all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to
Section 5 and the rights referred to in Section 11.07). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not
comply with this Section 11.06 shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in
accordance with paragraph (e) below.

(c)    Maintenance of Register by the Administrative Agent. The Administrative
Agent, acting for this purpose as an agent of the Borrowers, shall maintain at
one of its offices in New York City a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitment of, and principal amount of the Loans and
Reimbursement Obligations owing to, each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be
conclusive, and the Borrowers, the Administrative Agent, the Issuing Lenders and
the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary.

The Register shall be available for inspection by the Borrowers, the Issuing
Lenders or any Lender, at any reasonable time and from time to time upon
reasonable prior notice.

(d)    Acceptance of Assignments by Administrative Agent. Upon its receipt of a
duly completed Assignment and Assumption executed by an assigning Lender and an
assignee, the assignee’s completed Administrative Questionnaire (unless the
assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) above and any written consent to such
assignment required by paragraph (b) above, the Administrative Agent shall
accept such Assignment and Assumption and record the information contained
therein in the Register. No assignment shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this
paragraph (d).

(e)    Participations. Any Lender may, without the consent of the Borrowers, the
Administrative Agent or the Issuing Lenders, sell participations to one or more
banks or other entities (a “Participant”), other than an Ineligible Institution,
in all or a portion of such Lender’s rights and obligations under this Agreement
and the other Loan Documents (including all or a portion of its Commitments and
the Loans and Letter of Credit Interests held by it); provided that (i) such
Lender’s obligations under this Agreement and the other Loan Documents shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) the Borrowers,
the Administrative Agent, the Issuing Lenders and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement and the other Loan
Documents. Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and the other Loan Documents and to approve any
amendment, modification or waiver of any provision of this Agreement or any
other Loan Document; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in the first proviso to
Section 11.04 that affects such Participant. Subject to paragraph (f) below, the
Borrowers agree that each Participant shall be entitled to the benefits of
Section 5.01, 5.05, 5.06 and 5.07 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to paragraph (b) above. To the
extent permitted by law, each Participant also shall be entitled to the benefits
of Section 4.07(b) as though it were a Lender, provided such Participant agrees
to be subject to Section 4.07(b) as though it were a Lender hereunder. If a
Lender (or any of its registered assigns) sells a participation pursuant to this
Section 11.06(e), the Lender (or its registered assign, as the case may be),
acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall
maintain a register on which it enters the name and address of each participant
and the principal amounts (and stated interest) of each participant’s interest
under this Agreement or any Loans or other obligations under the Loan Documents
(the “Participant Register”);

 

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provided that such Lender (or its registered assign, as the case may be) shall
have no obligation to disclose all or any portion of the Participant Register
(including the identity of any participant or any information relating to a
participant’s interest in any commitments, loans, letters of credit or its other
obligations under any Loan Document) to any Person except to the extent that
such disclosure is necessary to establish that such commitment, loan, letter of
credit or other obligation is in registered form under Section 5f.103-1(c) of
the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender (or the registered
assign, as the case may be) shall treat each Person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of
this Agreement notwithstanding any notice to the contrary.

(f)    Limitations on Rights of Participants. A Participant shall not be
entitled to receive any greater payment under Section 5.01, 5.06 or 5.07 than
the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to
such Participant is made with the Borrowers’ prior written consent (not to be
unreasonably withheld). A Participant shall not be entitled to the benefits of
Section 5.07 unless such Participant agrees to comply with Section 5.07 as
though it were a Lender.

(g)    Certain Pledges. Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any such pledge or assignment to a Federal
Reserve Bank or other central bank, and this Section 11.06 shall not apply to
any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of
its obligations hereunder or substitute any such assignee for such Lender as a
party hereto.

(h)    Provision of Information to Assignees and Participants. A Lender may
furnish any information concerning the Borrowers or any of their Subsidiaries in
the possession of such Lender from time to time to assignees and participants
(including prospective assignees and participants), subject, however, to the
provisions of Section 11.12(b).

(i)    No Assignments to the Borrowers or Affiliates. Anything in this
Section 11.06 to the contrary notwithstanding, no Lender may assign or
participate any interest in any Loan or Reimbursement Obligation held by it
hereunder to the Borrowers or any of their Affiliates or Subsidiaries without
the prior consent of each Lender.

11.07    Survival. The obligations of the Borrowers under Sections 5.01, 5.05,
5.06, 5.07 and 11.03, and the obligations of the Lenders under Section 10.05,
shall survive the repayment of the Loans and Reimbursement Obligations and the
termination of the Commitments and, in the case of any Lender that may assign
any interest in its Commitments, Loans or Letter of Credit Interest hereunder,
shall survive the making of such assignment, notwithstanding that such assigning
Lender may cease to be a “Lender” hereunder. In addition, each representation
and warranty made, or deemed to be made by a notice of any extension of credit
(whether by means of a Loan or a Letter of Credit), herein or pursuant hereto
shall survive the making of such representation and warranty, and no Lender
shall be deemed to have waived, by reason of making any extension of credit
hereunder (whether by means of a Loan or a Letter of Credit), any Default that
may arise by reason of such representation or warranty proving to have been
false or misleading, notwithstanding that such Lender or the Administrative
Agent may have had notice or knowledge or reason to believe that such
representation or warranty was false or misleading at the time such extension of
credit was made.

11.08    Captions. The table of contents and captions and section headings
appearing herein are included solely for convenience of reference and are not
intended to affect the interpretation of any provision of this Agreement.

11.09    Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument and any of the parties hereto may execute this Agreement by signing
any such counterpart.

11.10    Governing Law; Submission to Jurisdiction. This Agreement shall be
governed by, and construed in accordance with, the law of the State of New York.
Each Borrower hereby submits to the exclusive jurisdiction of the United States
District Court for the Southern District of New York and of the Supreme Court of
the State of New York sitting in New York County (including its Appellate
Division), and of any other appellate court in the State of New York, for the
purposes of all legal proceedings arising out of or relating to this Agreement
or the

 

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transactions contemplated hereby. Each Borrower hereby irrevocably waives, to
the fullest extent permitted by applicable law, any objection that it may now or
hereafter have to the laying of the venue of any such proceeding brought in such
a court and any claim that any such proceeding brought in such a court has been
brought in an inconvenient forum. Nothing in this Agreement or any other Loan
Document shall affect any right that the Administrative Agent, any Issuing
Lender or any Lender may otherwise have to bring any action or proceeding
relating to this Agreement or any other Loan Document against any Obligor or its
properties in the courts of any jurisdiction.

11.11    Waiver of Jury Trial. EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT
AND THE LENDERS HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

11.12    Treatment of Certain Information; Confidentiality.

(a)    Disclosure to Certain Affiliates. The Borrowers acknowledge that from
time to time financial advisory, investment banking and other services may be
offered or provided to the Borrowers or one or more of their Subsidiaries (in
connection with this Agreement or otherwise) by any Lender or by one or more
subsidiaries or affiliates of such Lender and the Borrowers hereby authorize
each Lender to share any information delivered to such Lender by the Borrowers
and their Subsidiaries pursuant to this Agreement, or in connection with the
decision of such Lender to enter into this Agreement, to any such subsidiary or
affiliate, it being understood that any such subsidiary or affiliate receiving
such information shall be bound by the provisions of paragraph (b) below as if
it were a Lender hereunder. Such authorization shall survive the repayment of
the Loans and Reimbursement Obligations and the termination of the Commitments.

(b)    Confidentiality Generally. Each Lender and the Administrative Agent
agrees to use reasonable precautions to keep confidential, in accordance with
their customary procedures for handling confidential information of the same
nature and in accordance with safe and sound banking practices (or, if such
Lender is not a bank, in accordance with safe and sound lending practices), any
non-public information supplied to it by any Obligor relating to the Borrower or
any Subsidiary or any of their respective businesses (other than any such
information that is available to the Administrative Agent, any Lender or the
Issuing Lender on a non-confidential basis prior to disclosure by the Borrower
or any Subsidiary) pursuant to this Agreement or any other Loan Document that is
identified by the Borrowers as being confidential at the time the same is
delivered to the Lenders or the Administrative Agent, provided that nothing
herein shall limit the disclosure of any such information (i) after such
information shall have become public (other than through a violation of this
Section 11.12), (ii) to the extent required by statute, rule, regulation or
judicial process, (iii) to its affiliates and its and its affiliates’ respective
partners, directors, officers, employees, agents, trustees, advisors and counsel
for any of the Lenders or the Administrative Agent (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential
nature of such information and instructed to keep such information
confidential), (iv) to bank examiners (or any other regulatory authority, or
quasi-regulatory body, including the National Association of Insurance
Commissioners (NAIC), having jurisdiction over any Lender or the Administrative
Agent), or to auditors or accountants, (v) to the Administrative Agent or any
other Lender (or to any Agent), (vi) in connection with any litigation to which
any one or more of the Lenders or the Administrative Agent is a party, or in
connection with the enforcement of rights or remedies hereunder or under any
other Loan Document, (vii) to a subsidiary or affiliate of such Lender as
provided in paragraph (a) above, (viii) to any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to
the Borrowers and their obligations or (ix) to any assignee or participant (or
prospective assignee or participant) so long as such assignee or participant (or
prospective assignee or participant) first executes and delivers to the
respective Lender a Confidentiality Agreement substantially in the form of
Exhibit I (or executes and delivers to such Lender an acknowledgement to the
effect that it is bound by the provisions of this Section 11.12(b), which
acknowledgement may be included as part of the respective assignment or
participation agreement pursuant to which such assignee or participant acquires
an interest in the Loans or Letter of Credit Interest hereunder); provided,
further, that obligations of any assignee that has executed a Confidentiality
Agreement in the form of Exhibit I shall be superseded by this Section 11.12
upon the date upon which such assignee becomes a Lender hereunder pursuant to
Section 11.06(b).

 

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11.13    Confirmation of Security Interests; Confirmation of Subordination
Agreements. Each of the Borrowers, Mediacom Broadband and MCC, by its execution
of the Fourth Restatement Agreement, (i) hereby confirms and ratifies that
(A) all of its obligations under the Security Documents to which it is a party
shall continue in full force and effect for the benefit of the Administrative
Agent and the Lenders with respect to this amendment and restatement of the
Third Restated Credit Agreement, (B) the security interests granted by it under
each of the Security Documents to which it is a party shall continue in full
force and effect in favor of the Administrative Agent for the benefit of the
Administrative Agent and the Lenders with respect to this amendment and
restatement of the Third Restated Credit Agreement, (C) all of its obligations
under the Management Fee Subordination Agreement, to the extent it is a party
thereto, shall continue in full force and effect for the benefit of the
Administrative Agent and the Lenders with respect to this amendment and
restatement of the Third Restated Credit Agreement and (D) all of its
obligations under the Affiliate Subordinated Indebtedness Subordination
Agreement, to the extent it is a party thereto, shall continue in full force and
effect for the benefit of the Administrative Agent and the Lenders with respect
to this amendment and restatement of the Third Restated Credit Agreement; and
(ii) to the extent it is the issuer of certificated shares of stock or
certificated membership interests, as applicable, that are pledged to the
Administrative Agent under and pursuant to any Security Document, in its
capacity as issuer thereof, hereby consents to, confirms and ratifies such
pledge. References in any Security Document, in the Management Fee Subordination
Agreement and/or in the Affiliate Subordinated Indebtedness Subordination
Agreement to the “Credit Agreement” shall be deemed to refer to this Agreement
and references to sections in the Original Credit Agreement shall be deemed
amended to refer to the corresponding section of this Agreement.

11.14    PATRIOT Act. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies each Borrower that pursuant to the requirements of the
USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))
(the “Act”), it is required to obtain, verify and record information that
identifies the Borrower, Mediacom Broadband, MCC and each Subsidiary Guarantor,
which information includes the name and address of each Borrower, Mediacom
Broadband, MCC and each Subsidiary Guarantor and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify the
Borrowers, Mediacom Broadband, MCC and each Subsidiary Guarantor in accordance
with the Act. The Borrowers shall, promptly following a request by the
Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender requests in order to
comply with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the Act.

11.15    No Fiduciary Duty. In connection with all aspects of each transaction
contemplated by this Agreement, the Borrowers acknowledge and agree, and
acknowledges the other Obligors’ understanding, that (i) each transaction
contemplated by this Agreement is an arm’s-length commercial transaction,
between the Obligors, on the one hand, and the Agents and the Lenders, on the
other hand, (ii) in connection with each such transaction and the process
leading thereto, the Agents and the Lenders will act solely as principals and
not as agents or fiduciaries of the Obligors or any of their stockholders,
affiliates, creditors, employees or any other party, (iii) neither the Agents
nor any Lender will assume an advisory or fiduciary responsibility in favor of
the Borrowers or any of their Affiliates with respect to any of the transactions
contemplated hereby or the process leading thereto (irrespective of whether any
Agent or any Lender has advised or is currently advising any Obligor on other
matters) and neither any Agent nor any Lender will have any obligation to any
Obligor or any of its Affiliates with respect to the transactions contemplated
in this Agreement except the obligations expressly set forth herein, (iv) the
Agents and each Lender may be engaged in a broad range of transactions that
involve interests that differ from those of the Obligors and their Affiliates,
and (v) neither any Agent nor any Lender has provided or will provide any legal,
accounting, regulatory or tax advice with respect to any of the transactions
contemplated hereby and the Obligors have consulted and will consult their own
legal, accounting, regulatory, and tax advisors to the extent it deems
appropriate. The matters set forth in this Agreement and the other Loan
Documents reflect an arm’s-length commercial transaction between the Obligors,
on the one hand, and the Agents and the Lenders, on the other hand. The
Borrowers agree that the Obligors shall not assert any claims that any Obligor
may have against any Agent or any Lender based on any breach or alleged breach
of fiduciary duty.

11.16    Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any EEA Financial Institution arising
under any Loan Document, to the extent such liability is unsecured, may be
subject to the write-down and conversion powers of an EEA Resolution Authority
and agrees and consents to, and acknowledges and agrees to be bound by:

(a)    the application of any Write-Down and Conversion Powers by an EEA
Resolution Authority to any such liabilities arising hereunder which may be
payable to it by any party hereto that is an EEA Financial Institution; and

 

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(b)    the effects of any Bail-In Action on any such liability, including, if
applicable:

(i)    a reduction in full or in part or cancellation of any such liability;

(ii)    a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such EEA Financial Institution, its parent
undertaking, or a bridge institution that may be issued to it or otherwise
conferred on it, and that such shares or other instruments of ownership will be
accepted by it in lieu of any rights with respect to any such liability under
this Agreement or any other Loan Document; or

(c)    the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution
Authority.

[SIGNATURE PAGES INTENTIONALLY OMITTED]

 

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SCHEDULE A

Notices

If to the Borrowers:

MCC Georgia LLC

MCC Illinois LLC

MCC Iowa LLC

MCC Missouri LLC

c/o Mediacom Communications Corporation

1 Mediacom Way

Mediacom Park, New York 10918

Attention: Mark E. Stephan

Telecopier Number: (845) 698-4100

Telephone Number: (845) 443-2640

E-mail Address: mstephan@mediacomcc.com

If to the Administrative Agent:

JPMorgan Chase Bank, N.A.

500 Stanton Christiana Rd.

NCC5 / 1st Floor

Newark, DE 19713

Attention: Loan & Agency Services Group – Kristen Bazink

Tel: 302-634-2633

Fax: 12012443630@tls.ldsprod.com

Personal Email: Kristen.bazink@chase.com

Agency Withholding Tax Inquiries:

Email: agency.tax.reporting@jpmorgan.com

Agency Compliance/Financials/Intralinks:

Email: covenant.compliance@jpmchase.com

Schedule A

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SCHEDULE I

Commitments

 

LENDER

   REVOLVING
CREDIT
COMMITMENT  

JPMorgan Chase Bank, N.A.

   $ 35,000,000.00  

Bank of America, N.A.

     35,000,000.00  

Wells Fargo Bank National Association

     35,000,000.00  

Royal Bank of Canada

     37,500,000.00  

The Toronto-Dominion Bank, New York Branch

     37,500,000.00  

SunTrust Bank

     30,000,000.00  

Credit Suisse AG, Cayman Islands Branch

     20,000,000.00  

Deutsche Bank AG New York Branch

     30,000,000.00  

Barclays Bank PLC

     25,000,000.00  

Capital One, National Association

     25,000,000.00  

Citizens Bank, National Association

     25,000,000.00  

Fifth Third Bank

     25,000,000.00  

CoBank, ACB

     15,000,000.00     

 

 

 

TOTAL:

   $ 375,000,000.00     

 

 

 

Schedule A