of December 29, 1989 by and among YB of Nashville and YBT, as the same
may be amended from time to time.
"YB of Davenport" means Young Broadcasting of Davenport, Inc., a Delaware
corporation.
23
"YB of Knoxville" means Young Broadcasting of Knoxville, Inc., a Delaware
corporation.
"YB of Los Angeles" means Young Broadcasting of Los Angeles, Inc., a Delaware
corporation.
"YB of Louisiana" means Young Broadcasting of Louisiana, Inc., a Delaware
corporation.
"YB of Nashville" means Young Broadcasting of Nashville, Inc., a Delaware
corporation.
"YB of Rapid City" means Young Broadcasting of Rapid City, Inc., a Delaware
corporation.
"YB of San Francisco" means Young Broadcasting of San Francisco, Inc., a
Delaware corporation.
"YB of Sioux Falls" means Young Broadcasting of Sioux Falls, Inc., a Delaware
corporation.
"YBK" means YBK, Inc., a Delaware corporation and wholly owned subsidiary of the
Borrower.
"YBT" means YBT, Inc., a Delaware corporation and wholly owned subsidiary of the
Borrower.
SECTION 1.02.
COMPUTATION OF TIME PERIODS.
IN THIS AGREEMENT IN THE
COMPUTATION OF PERIODS OF TIME FROM A SPECIFIED DATE TO A LATER SPECIFIED DATE,
THE WORD "FROM" MEANS "FROM AND INCLUDING" AND THE WORDS "TO" AND "UNTIL" EACH
MEAN "TO BUT EXCLUDING".
SECTION 1.03.
ACCOUNTING TERMS.
UNLESS OTHERWISE SPECIFIED HEREIN, ALL
ACCOUNTING TERMS USED HEREIN SHALL BE INTERPRETED, ALL ACCOUNTING DETERMINATIONS
HEREUNDER SHALL BE MADE, AND ALL FINANCIAL STATEMENTS REQUIRED TO BE DELIVERED
HEREUNDER SHALL BE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES AS IN EFFECT FROM TIME TO TIME, APPLIED ON A BASIS CONSISTENT (EXCEPT
FOR CHANGES CONCURRED IN BY THE INDEPENDENT PUBLIC ACCOUNTANTS) WITH THE MOST
RECENT AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE BORROWER AND ITS
CONSOLIDATED SUBSIDIARIES DELIVERED TO THE LENDERS; PROVIDED THAT, IF THERE IS A
CHANGE IN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AT ANY TIME AND THE BORROWER
NOTIFIES THE ADMINISTRATIVE AGENT THAT THE BORROWER WISHES TO AMEND ANY COVENANT
IN ARTICLE 5 (OR THE DEFINITION OF ANY TERM USED THEREIN) TO ELIMINATE THE
EFFECT OF SUCH CHANGE ON THE OPERATION OF SUCH COVENANT (OR IF THE
ADMINISTRATIVE AGENT NOTIFIES THE BORROWER THAT THE MAJORITY LENDERS WISH TO
AMEND ARTICLE 1 OR 5 FOR SUCH PURPOSE), THEN THE BORROWER'S COMPLIANCE WITH SUCH
COVENANT SHALL BE DETERMINED ON THE BASIS OF GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES IN EFFECT IMMEDIATELY BEFORE THE RELEVANT CHANGE IN GENERALLY
ACCEPTED ACCOUNTING PRINCIPLES BECAME EFFECTIVE, UNTIL EITHER SUCH NOTICE IS
WITHDRAWN OR SUCH COVENANT IS AMENDED IN A MANNER SATISFACTORY TO THE BORROWER
AND THE MAJORITY LENDERS.
SECTION 1.04.
EFFECT ON ORIGINAL EXISTING CREDIT AGREEMENT AND OTHER LOAN
DOCUMENTS.
UPON THE EXECUTION AND DELIVERY BY THE PARTIES HERETO OF THIS
AGREEMENT, (I) THIS AGREEMENT SHALL AMEND, RESTATE AND SUPERSEDE THE ORIGINAL
EXISTING CREDIT AGREEMENT, EXCEPT THAT THE GRANTS OF SECURITY INTERESTS,
MORTGAGES AND LIENS UNDER AND PURSUANT TO THE LOAN DOCUMENTS SHALL CONTINUE
UNALTERED AND EACH OTHER LOAN DOCUMENT SHALL CONTINUE IN FULL FORCE AND EFFECT
IN ACCORDANCE WITH ITS TERMS AND THE PARTIES
24
HERETO HEREBY RATIFY AND CONFIRM THE TERMS THEREOF AS