Document:

exhibit_waiver13creditagree.htm

     

    WAIVER
NO. 13

     

    WAIVER
NO. 13 dated as of September 4, 2009 (this “Agreement”)
between MORRIS PUBLISHING GROUP, LLC (the “Borrower”),
MORRIS COMMUNICATIONS COMPANY, LLC (“MCC”),
MORRIS COMMUNICATIONS HOLDING COMPANY, LLC (“Holdings”),
SHIVERS TRADING & OPERATING COMPANY (“Shivers”),
MPG NEWSPAPER HOLDING, LLC (“MPG
Holdings”), the SUBSIDIARY GUARANTORS party hereto (the “Subsidiary
Guarantors” and, together with the Borrower, MCC, Holdings, Shivers and
MPG Holdings, the “Obligors”),
the Lenders executing this Agreement on the signature pages hereto and JPMORGAN
CHASE BANK, N.A., as administrative agent for the lenders party to the Credit
Agreement referenced below (in such capacity, together with its successors in
such capacity, the “Administrative
Agent”).

     

    The
Borrower, MCC, the lenders party thereto and the Administrative Agent are
parties to a Credit Agreement dated as of December 14, 2005 (as amended by
Amendment No. 1 thereto, Amendment No. 2 and Waiver thereto, Amendment No. 3
thereto, Amendment No. 4 and Waiver No. 2 thereto, Waiver No. 3 thereto,
Amendment No. 5 and Waiver No. 4 thereto, Waiver No. 5 thereto, Waiver No. 6
thereto, Waiver No. 7 thereto, Waiver No. 8 thereto, Amendment No. 6 and Waiver
No. 9 thereto, Waiver No. 10 thereto, Waiver No. 11 thereto and Waiver No. 12
thereto and as otherwise modified and supplemented and in effect immediately
prior to the effectiveness of this Agreement, the “Credit
Agreement”).  The Lenders executing this Agreement on the
signature pages hereto wish now to waive a certain Default under the Credit
Agreement, subject to the terms and provisions of this Agreement, and,
accordingly, the parties hereto hereby agree as follows:

     

    Section
1.  Definitions.  Except
as otherwise defined in this Agreement, terms defined in the Credit Agreement
are used herein as defined therein.

     

    Section
2.  Waiver.  Subject
to the satisfaction of the conditions precedent specified in Section 4
hereof, but effective as of the date hereof, the Administrative Agent, on behalf
of the Lenders, hereby:

     

    (a)  extends,
until 5:00 p.m., New York City time, on September 11, 2009, the waiver set
forth in Section 3(a) of Amendment No. 4 and Waiver No. 2 to the Credit
Agreement of any Default under clause (b) of Article VII of the Credit Agreement
that consists solely of the Borrower or Morris Finance defaulting in the payment
when due of interest due on February 1, 2009 on the 2003 Senior Subordinated
Notes (the “February
1 Bond Interest Payment Default”);

     

    (b)  extends,
until 5:00 p.m., New York City time, on September 11, 2009, the waiver set
forth in Section 3(b) of Amendment No. 6 and Waiver No. 9 to the Credit
Agreement of any Default under clause (b) of Article VII of the Credit Agreement
that consists solely of the Borrower or Morris Finance defaulting in the payment
when due of interest due on August 1, 2009 on the 2003 Senior Subordinated Notes
(the “August
1 Bond Interest Payment Default”);

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (c)  extends,
until 5:00 p.m., New York City time, on September 11, 2009, the waiver set
forth in Section 2(c) of Waiver No. 12 to the Credit Agreement of any Default
that consists solely of the Cash Flow Ratio exceeding the applicable amount
permitted under Section 6.06(a) of the Credit Agreement with respect to the
period of four fiscal quarters ending on June 30, 2009 (the “Cash
Flow Ratio Default”); and

     

    (d)  extends,
until 5:00 p.m., New York City time, on September 11, 2009, the waiver set
forth in Section 2(d) of Waiver No. 12 to the Credit Agreement of any Default
that consists solely of the Interest Coverage Ratio being less than the
applicable amount permitted under Section 6.06(c) of the Credit Agreement with
respect to the period of four fiscal quarters ending on June 30, 2009 (together
with the February 1 Bond Interest Payment Default, the August 1 Bond Interest
Payment Default and the Cash Flow Ratio Default, the “Specified
Defaults”);

     

    provided
that such waivers shall expire upon:

     

     (i)           the
termination or expiry of the Amended Forbearance Agreement referenced below or
the occurrence of any “Forbearance Termination Event” thereunder (as such term
is defined therein);

     

    (ii)           any
amendment, waiver, supplementation or modification of the Amended Forbearance
Agreement (other than Amendment No. 10 to Forbearance Agreement referenced
below) without the consent of the Required Lenders;

     

    (iii)           the
occurrence or continuance of any Default other than a Specified
Default;

     

    (iv)           the
failure of any representation or warranty made in this Agreement to be true and
correct as of the date when made; or

     

    (v)           the
failure by any Obligor to comply with any term, condition, covenant or agreement
contained in this Agreement.

     

    Upon the
expiry of any of the foregoing waivers as provided above, the Administrative
Agent and each Lender shall be entitled to exercise any and all rights and
remedies under the Loan Documents in respect of any Event of Default covered by
such waiver to the extent such Event of Default shall then be
continuing.

     

    Section
3.  Representations
and Warranties.  Each of the Obligors represents and warrants
to the Lenders and the Administrative Agent, as to itself and each of its
subsidiaries, that (i) the representations and warranties set forth in
Article III of the Credit Agreement and in the other Loan Documents are
true and complete as if made on and as of the date hereof (or, if any such
representation or warranty is expressly stated to have been made as of a
specific date, such representation or warranty shall be true and correct as of
such specific date) and (ii) immediately before and after giving effect to this
Agreement, no Default or Event of Default (other than any Specified Default or
any Event of Default arising therefrom) has occurred and is
continuing.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Section
4.  Conditions
Precedent.  The waivers set forth in Section 2 hereof shall
become effective as of the date hereof upon the satisfaction of the following
conditions:

     

    (i)           Execution.  The
Administrative Agent shall have received executed counterparts of this Agreement
from the Obligors and the Required Lenders.

     

    (ii)           Amendment
to Forbearance Agreement.  The Administrative Agent shall have
received, in form and substance satisfactory to it, a duly executed and binding
amendment (“Amendment
No. 10 to Forbearance Agreement”) to the Forbearance Agreement dated as
of February 26, 2009 among the Borrower, Morris Finance, the guarantors parties
thereto and holders, or investment advisors or managers of holders, of over 75%
of the principal amount of the outstanding 2003 Senior Subordinated Notes (as
amended by the Amendment to Forbearance Agreement dated as of April 6, 2009,
Amendment No. 2 to Forbearance Agreement dated as of April 23, 2009, Amendment
No. 3 to Forbearance Agreement dated as of May 28, 2009, Amendment No. 4 to
Forbearance Agreement dated as of June 12, 2009, Amendment No. 5 to Forbearance
Agreement dated as of July 14, 2009, Amendment No. 6 to Forbearance Agreement
dated as of July 31, 2009, Amendment No. 7 to Forbearance Agreement dated as of
August 14, 2009, Amendment No. 8 to Forbearance Agreement dated as of August 21,
2009, Amendment No. 9 to the Forbearance Agreement dated as of August 28, 2009,
Amendment No. 10 to Forbearance Agreement and any subsequent amendment thereto
in form and substance satisfactory to the Required Lenders, the “Amended
Forbearance Agreement”).

     

    (iii)           No
Default.  No Default or Event of Default (other than any
Specified Default or any Event of Default arising therefrom) shall have occurred
and be continuing on the date hereof.

     

    (iv)           Expenses.  The
Borrower shall have paid in full the costs, expenses and fees as set forth in
Section 9.03 of the Credit Agreement (including the reasonable fees, charges and
disbursements of counsel for the Administrative Agent).

     

    Section
5.  Security
Documents.  Each of the Obligors (a) confirms its obligations
under the Security Documents, as applicable, (b) confirms that the obligations
of the Borrower and MCC under the Credit Agreement are entitled to the benefits
of the pledges and guarantees, as applicable, set forth in the Security
Documents, (c) confirms that the obligations of the Borrower and MCC under the
Credit Agreement constitute “Guaranteed Obligations”, “Secured Obligations” and
“Obligations” (as such terms are defined in the Security Documents, as
applicable) and (d) confirms that the Credit Agreement is the “Credit Agreement”
under and for all purposes of the Security Documents.

     

    Section
6.  Additional
Fee.  The Borrower shall pay to the Administrative Agent for
the account of each Lender that, not later than the close of business New York
City time on the date hereof, shall have executed a counterpart of this
Agreement and delivered the same to the Administrative Agent (each, a “Consenting
Lender”), a fee in an amount equal to 2% of the Commitments of such
Consenting Lender (collectively for all Consenting Lenders, the “Waiver
Fee”), which fee shall be fully earned on the date hereof and shall be
due and payable on the earlier to occur of (x) the date on which the waivers
extended pursuant to Section 2 hereof expire as provided in said Section or, if
such waivers are extended by the Administrative Agent on behalf of the Required
Lenders pursuant to a subsequent waiver, as provided in such subsequent waiver,
and (y) September 18, 2009 (such earlier date, the “Waiver
Expiration Date”); provided
that the Waiver Fee shall be deemed waived and shall not be payable if (a) on or
before the Waiver Expiration Date, all principal of and interest on the Loans
and other amounts due and payable to the Lenders under the Loan Documents shall
have been paid in full and the Commitments shall have terminated, (b) on or
before the Waiver Expiration Date, Tranche Holdings, LLC or its designee shall
have purchased the Loans and assumed the Commitments in full pursuant to a
Master Assignment and Assumption in form and substance satisfactory to the
Administrative Agent and the Lenders, or (c) prior to the payment of the Waiver
Fee, Consenting Lenders having Commitments representing at least a majority of
the Commitments of all Consenting Lenders shall so agree in
writing.

     

    Section
7.  Miscellaneous.  This
Agreement shall be limited as written and nothing herein shall be deemed to
constitute a waiver of any other term, provision or condition of the Credit
Agreement or any other Loan Document in any other instance than as set forth
herein or prejudice any right or remedy that the Administrative Agent or any
Lender may have or may in the future have under the Credit Agreement or any
other Loan Document.  Except as herein provided, each of the Credit
Agreement and the other Loan Documents shall remain unchanged and in full force
and effect.  This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
amendatory instrument, and any of the parties hereto may execute this Agreement
by signing any such counterpart.  Delivery of an executed counterpart
of a signature page to this Agreement by electronic transmission shall be
effective as delivery of a manually executed counterpart of this
Agreement.  This Agreement shall be governed by, and construed in
accordance with, the law of the State of New York.

     

    
      
        
          Waiver
No. 13

          NY3:#7467607v5

        

         

      

      
         

        
          

        

      

      
         

      

    

    
 

    
      IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

       

       

      MORRIS
PUBLISHING GROUP, LLC

      By: /s/ Craig S.
Mitchell

      Name: Craig S.
Mitchell

      Title: Senior Vice
President of Finance

       

       

      MORRIS
COMMUNICATIONS COMPANY, LLC

      By: /s/ Craig S.
Mitchell

      
        Name: Craig S.
Mitchell 

        Title: Senior Vice
President of Finance

      

       

       

      MORRIS
COMMUNICATIONS HOLDING COMPANY,
LLC

      
        By: /s/ Craig S.
Mitchell

        
          Name: Craig S.
Mitchell 

          Title: Senior Vice
President of Finance

        

      

       

      SHIVERS
TRADING & OPERATING COMPANY

      
        By: /s/ Craig S.
Mitchell

        
          Name: Craig S.
Mitchell 

          Title: Senior Vice
President of Finance

        

      

       

       

      MPG
NEWSPAPER HOLDING, LLC

      
        By: /s/ Craig S.
Mitchell

        
          Name: Craig S.
Mitchell 

          Title: Senior Vice
President of Finance

          
            
              
                 

              

              
                 

                
                  

                

              

              
                 

              

            

          

        

      

       

       

      MORRIS
PUBLISHING FINANCE CO.

      YANKTON
PRINTING COMPANY

      BROADCASTER
PRESS, INC.

      THE
SUN TIMES, LLC

      HOMER
NEWS, LLC

      LOG
CABIN DEMOCRAT, LLC

      ATHENS
NEWSPAPERS, LLC

      SOUTHEASTERN
NEWSPAPERS COMPANY, LLC

      STAUFFER
COMMUNICATIONS, INC.

      FLORIDA
PUBLISHING COMPANY

      THE
OAK RIDGER, LLC

      MPG
ALLEGAN PROPERTY, LLC

      MPG
HOLLAND PROPERTY, LLC

      MCC
RADIO, LLC

      MCC
OUTDOOR, LLC

      MCC
MAGAZINES, LLC

      MCC
EVENTS, LLC

      HIPPODROME,
LLC

      BEST
READ GUIDES FRANCHISE COMPANY, LLC

      MORRIS
VISITOR PUBLICATIONS, LLC

      MORRIS
BOOK PUBLISHING, LLC

      THE
LYONS PRESS, INC.

      MORRIS
AIR, LLC

      MCC
HARBOUR CONDO, LLC

      MCC
CUTTER COURT, LLC

      MORRIS
DIGITAL WORKS, LLC

      MSTAR
SOLUTIONS, LLC

      MVP
FRANCE, LLC

      MVP
GLOBAL, LLC

      SOUTHWESTERN
NEWSPAPERS COMPANY, L.P.

      MCC
OUTDOOR HOLDING, LLC

      THE
MAP GROUP, INC.

       

      
        By: /s/
Craig S. Mitchell

        
          Name: Craig S.
Mitchell 

          Title: Senior Vice
President of Finance

            
              
                 

              

              
                 

                
                  

                

              

              
                 

              

            

             

            
              
                
                  	
                          JPMORGAN
      CHASE BANK, N.A.,

                        
	
                          As
      Administrative Agent

                        
	 
      
	
                          By:
      /s/ Neil R.
      Boylan

                        
	 
      	
                          Name:
      Neil R. Boylan

                        
	 
      	
                          Title:
      Managing Director

                        

                  
                    
                       

                    

                    
                       

                      
                        

                      

                    

                    
                       

                    

                  

                

              

            

          

        

      

       

       

      LENDERS:

       

      
        
          
            	
                    JPMORGAN
      CHASE BANK, N.A.,

                  
	
                    Individually
      

                  
	 
      
	
                    By:
      /s/ Neil R.
      Boylan

                  
	 
      	
                    Name:
      Neil R. Boylan

                  
	 
      	
                    Title:
      Managing Director

                  

          

        

      

       

      
        
          
            	
                    THE
      BANK OF NEW YORK MELLON,

                  
	 
      
	 
      
	
                    By:
      /s/ Edward J.
      DeSalvio      

                  
	 
      	
                    Name:
      Edward J. Desalvio

                  
	 
      	
                    Title:
      Managing Director

                  

          

        

      

       

      
        
          	
                  SUNTRUST
      BANK

                
	 
      
	 
      
	
                  By:
      /s/ Katherine
      Bass

                
	 
      	
                  Name:
      Katherine Bass

                
	 
      	
                  Title:
      First Vice President

                

        

      

       

      
        
          	
                   WACHOVIA
      BANK, NATIONAL ASSOCIATION,

                
	 
      
	 
      
	
                  By:
      /s/ Russ
    Lyons

                
	 
      	
                  Name:
      Russ Lyons      

                
	 
      	
                  Title:
      Director

                

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        
          	
                  ALLIED
      IRISH BANKS, PLC

                
	 
      
	 
      
	
                  By:
      /s/ Joseph
      Augustini

                
	 
      	
                  Name:
      Joseph Augustini

                
	 	Title:
      Senior Vice President

        

         

        
          
            
              	
                      ALLIED
      IRISH BANKS, PLC

                    
	 
      
	 
      
	
                      By:
      /s/ Shane
      O'Driscoll

                    
	 
      	
                      Name:
      Shane O'Driscoll

                    
	 	Title:
      Assistant Vice President

            

          

        

         

      

      
        
          	
                  GENERAL
      ELECTRIC CAPITAL CORP.

                
	 
      
	 
      
	
                  By:
      /s/ Thomas Costello   

                
	 
      	
                  Name:
      Thomas Costello   

                
	 
      	
                  Title:
      Duly Authorized Signatory

                

        

      

       

      
        
          	
                   US
      BANK NATIONAL ASSOCIATION

                
	 
      
	 
      
	
                  By: /s/ Margarita
      Scher

                
	 
      	
                  Name:
      Margarita Scher      

                
	 
      	
                  Title:
      Vice President

                

        

      

       

      
        
          	
                  WEBSTER
      BANK, NATIONAL ASSOCIATION,

                
	 
      
	 
      
	
                  By:
      /s/ John Gilsenan   

                
	 
      	
                  Name:
      John Gilsenan   

                
	 
      	
                  Title:
      Vice President

                

        

      

      
         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      
        
          	
                  KEYBANK
      NATIONAL ASSOCIATION,

                
	 
      
	 
      
	
                  By:
      /s/ Carla
      Laning

                
	 
      	
                  Name:
      Carla Laning   

                
	 
      	
                  Title:
      Vice President

                

        

      

       

      
        
          	
                  BANK
      OF AMERICA, N.A.

                
	 
      
	 
      
	
                  By:
      /s/ Garrett M Dolt   

                
	 
      	
                  Name:
      Garrett M Dolt      

                
	 
      	
                  Title:
      Senior Vice President

                

        

      

       

      
        
          
            	
                    COMERICA
      BANK

                  
	 
      
	 
      
	
                    By:
      /s/ Sarah R.
      West

                  
	 
      	
                    Name:
      Sarah R. West   

                  
	 
      	
                    Title:
      Vice President

                  

          

        

      

       

      
        
          
            	
                    AIB
      Debt Management, Limited

                  
	 
      
	 
      
	
                    By: /s/ Joseph
      Augustini

                  
	 
      	
                    Name:
      Joseph Augustini

                  
	 	Title:
      Senior Vice President

          

           

          
            
              
                	
                        

                          AIB
      Debt Management, Limited

                        

                      
	 
      
	 
      
	
                        By:
      /s/ Shane
      O'Driscoll

                      
	 
      	
                        Name:
      Shane O'Driscoll

                      
	 	Title:
      Assistant Vice President

              

               

            

          

        

      

      
        
          
            	
                    SUMITOMO
      MITSUI BANKING CORPORATION

                  
	 
      
	 
      
	
                    By:
      /s/ Yoshihiro
      Hyakutome   

                  
	 
      	
                    Name: Yoshihiro
      Hyakutome  

                  
	 
      	
                    Title:
      General
Managerexhibit_amend11forbearagree.htm

    AMENDMENT
NO. 11 TO FORBEARANCE AGREEMENT

     

    This
Amendment No. 11 to Forbearance Agreement (this “Amendment
No. 11”), dated as of September 11, 2009 (the “Amendment
Date”), is entered into by and among Morris Publishing Group, LLC (“MPG”)
and Morris Publishing Finance Co. (“MPF”)
(MPG and MPF, each an “Issuer”
and together, the “Issuers”),
each of the undersigned entities listed as guarantors (collectively, the “Guarantors”),
and each of the undersigned holders of the 7% Senior Subordinated Notes due 2013
Notes (the “Notes”)
and/or, to the extent not signing as a holder, their investment advisors or
managers identified on Annex
A hereto (collectively, the “Holders”).  Each
capitalized term used herein and not otherwise defined herein shall have the
meaning attributed to such term in the Existing Forbearance Agreement (as
defined below).

     

    W
I T N E S S E T H:

     

    WHEREAS,
on February 26, 2009, the Issuers, the Guarantors and the Holders entered into
that certain Forbearance Agreement, dated as of February 26, 2009 (the “February
26 Forbearance Agreement”), as amended by that certain Amendment to
Forbearance Agreement dated as of April 6, 2009 (the “April
6 Forbearance Amendment”), Amendment No. 2 to Forbearance Agreement dated
as of April 23, 2009 (the “April
23 Forbearance Amendment”), Amendment No. 3 to Forbearance Agreement
dated as of May 28, 2009 (the “May
28 Forbearance Amendment”), Amendment No. 4 to Forbearance Agreement
dated as of June 12, 2009 (the “June
12 Forbearance Amendment”), Amendment No. 5 to Forbearance Agreement
dated as of July 14, 2009 (the “July
14 Forbearance Amendment”), Amendment No. 6 to Forbearance Agreement
dated as of July 31, 2009 (the “July
31 Forbearance Amendment”), Amendment No. 7 to Forbearance Agreement
dated as of August 14, 2009 (the “August
14 Forbearance Amendment”), Amendment No. 8 to Forbearance Agreement
dated as of August 21, 2009 (the “August
21 Forbearance Amendment”), Amendment No. 9 to Forbearance Agreement
dated August 28, 2009 (the “August
28 Forbearance Amendment”) and Amendment No. 10 to Forbearance Agreement
dated September 4, 2009 (the “September
4 Forbearance Amendment”, and the February 26 Forbearance Agreement, as
amended by the April 6 Forbearance Amendment, the April 23 Forbearance
Amendment, the May 28 Forbearance Amendment, the June 12 Forbearance Amendment,
the July 14 Forbearance Amendment, the July 31 Forbearance Amendment, the August
14 Forbearance Amendment, the August 21 Forbearance Amendment, the August 28
Forbearance Amendment and the September 4 Forbearance Amendment, the “Existing
Forbearance Agreement”), pursuant to which the Holders agreed, on the
terms and subject to the conditions set forth therein, to forbear during the
Forbearance Period from taking any Remedial Action under the Indenture and the
Notes, and from directing the Indenture Trustee to exercise any such rights and
remedies on their behalf resulting from the Existing Default and the Payment
Default;

     

    WHEREAS,
on September 4, 2009, MPG, the Credit Parties, certain lenders party thereto,
and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative
Agent”), entered into that certain Waiver No. 13 (‘Waiver
No. 13”), pursuant to which the Administrative Agent agreed to waive
certain defaults under the Credit Agreement;

     

    WHEREAS,
the Morris Companies have requested that the Holders continue to forbear from
taking any Remedial Action under the Indenture and the Notes, and from directing
the Indenture Trustee to exercise any such rights and remedies on the Holders’
behalf resulting from the Existing Default or the Payment Default;
and

     

    WHEREAS,
subject to the terms and conditions set forth herein, the Holders have agreed to
temporarily continue their forbearance.

     

    NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as
follows:

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

     

    SECTION
1. Amendments
to Existing Forbearance Agreement.

     

    From and
after the time this Amendment No. 11 becomes effective in accordance with Section
2 hereof,

     

    (a) the
definition of “Forbearance Termination Event” in Section
1 of the Existing Forbearance Agreement shall be amended and restated in
its entirety and shall read as follows:

     

    
      	
               
      

            	
              (a)

            	
              the
      acceleration of the maturity of any obligations under the Credit
      Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Waiver
      No. 14, dated as of September 11, 2009, by and among MPG, MCC, Morris
      Communications Holding Company, LLC, Shivers Trading & Operating
      Company, MPG Newspaper Holding, LLC, certain subsidiary guarantors party
      thereto, certain lenders party thereto and the Administrative Agent
      (“Waiver
      No. 14”), relating to the Credit Agreement and/or the Morris
      Companies’ and MCC’s existing senior secured term and revolving credit
      facilities (the “Senior
      Secured Credit Facilities”) shall cease to be effective, whether as
      a result of termination, expiration in accordance with its terms or
      otherwise;

            

    

     

    
      	
               
      

            	
              (c)

            	
              any
      amendment, waiver, supplementation or modification of Waiver No. 13
      (except as a result of the execution of Waiver No. 14), or, following
      execution and effectiveness of Waiver No. 14, any amendment, waiver,
      supplementation or modification of Waiver No. 14, in any such case without
      the consent of each of the Holders;

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      occurrence of a Default or Event of Default under the Indenture other than
      the Existing Default or the Payment
Default;

            

    

     

    
      	
               
      

            	
              (e)

            	
              the
      filing of a bankruptcy case, including, without limitation, a chapter 11
      bankruptcy proceeding, by or with respect to any of the Morris Companies
      or any subsidiary thereof;

            

    

     

    
      	
               
      

            	
              (f)

            	
              the
      breach of, or failure of the Morris Companies to comply with, Section
      6(b) of this Agreement;

            

    

     

    
      	
               
      

            	
              (g)

            	
              the
      failure of any representation or warranty made by the Morris Companies in
      this Agreement, or any amendments hereto, to be true and correct in all
      material respects as of the date when
made;

            

    

     

    
      	
               
      

            	
              (h)

            	
              the
      failure by the Morris Companies to comply with any term, condition,
      covenant or agreement contained in this Agreement, or any amendments
      hereto; or

            

    

     

    
      	
               
      

            	
              (i)

            	
              5:00
      p.m. EDT on September 18, 2009.

            

    

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

     

    SECTION
2. Conditions
to Effectiveness.  The effectiveness of this Amendment No. 11
shall be subject to the satisfaction of each of the following
conditions:

     

    (a) the
Holders representing in the aggregate more than seventy-five (75) percent of the
outstanding principal amount of the Notes shall have executed this Amendment No.
11;

     

    (b) MPG, MCC
and the Administrative Agent shall have executed Waiver No. 14, in form and
substance acceptable to each of the Holders, and delivered a copy thereof to
Stroock;

     

    (c) the
Holders shall have received a duly executed counterpart of this Amendment No. 11
from each Morris Company listed on the signature pages
hereto;

     

    (d) (1) each
of the representations and warranties made by the Issuers and the Guarantors in
the Indenture, the Existing Forbearance Agreement, the Notes, and any amendments
thereto shall be true and correct in all material respects on and as of the
Amendment Date as though made on and as of such date (unless any such
representation or warranty relates solely to an earlier date, in which case it
shall have been true and correct in all material respects as of such earlier
date); and (2) no Default or Event of Default (except with respect to the
Existing Default and the Payment Default) shall have occurred or be continuing
as of the Amendment Date; and

     

    (e) MPG shall
have paid all outstanding fees and expenses of the Advisors.

     

    SECTION
3. Representations
of the Holders.  Each Holder severally (but not jointly)
represents that, as of the date hereof: (i) it is the beneficial owner and/or
investment advisor or manager of discretionary accounts for the holders or
beneficial owners of the aggregate principal amount of the Notes listed opposite
such Holder’s name on the disclosure schedule attached hereto as Schedule
1; and (ii) it has the power and authority to execute, deliver and
perform this Amendment No. 11, either on its own behalf or on behalf of such
holders or beneficial owners for which it acts as investment advisor or
manager.

     

    SECTION
4. Representations
of the Issuers.  The Morris Companies represent that, as of the
date hereof, since the Forbearance Effective Date, none of the Morris Companies
or their Restricted Subsidiaries has (a) incurred any Liens, other than
Permitted Liens in an aggregate amount not exceeding $10.0 million or as
otherwise required under the Credit Agreement, or

     

    (b)
entered into any transaction that would be prohibited by Section
6(d) of the Existing Forbearance Agreement (as modified by the April 6
Forbearance Amendment) if entered into after the effective date of the April 6
Forbearance Amendment.

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

     

    SECTION
5. Reference
to and Effect Upon the Existing Forbearance
Agreement.

     

    (a) Except as
specifically amended hereby, each of the Issuers, Guarantors and Holders hereby
acknowledge and agree that all terms, conditions, covenants, representations and
warranties contained in the Existing Forbearance Agreement, as amended hereby,
and all rights and obligations of the Issuers, Guarantors and Holders therein,
shall remain in full force and effect.  Each of the Issuers,
Guarantors and Holders hereby confirms that the Existing Forbearance Agreement,
as amended hereby, is in full force and effect and that none of the Issuers,
Guarantors and Holders has any defenses, setoffs, recoupments, offsets, claims
or counterclaims to the obligations under the Existing Forbearance Agreement, as
amended hereby.

     

    (b) Except as
expressly set forth herein, the execution, delivery and effectiveness of this
Amendment No. 11 shall not directly or indirectly (i) create any obligation to
continue to defer any enforcement action after a Default or Event of Default,
(ii) constitute a consent or waiver of any past, present or future violations of
any provisions of the Existing Forbearance Agreement, as amended hereby or (iii)
amend, modify or operate as a waiver of any provision of the Existing
Forbearance Agreement, as amended hereby.  Except as expressly set
forth herein, each of the Issuers, the Guarantors and the Holders, as
applicable, reserves all of its or their respective rights, powers, and remedies
under the Existing Forbearance Agreement, as amended hereby and/or applicable
law.  All of the provisions of the Existing Forbearance Agreement, as
amended hereby, are hereby reiterated, and if ever waived,
reinstated.

     

    SECTION
6. Costs
and Expenses.  The Morris Companies agree to pay on demand all
costs and expenses of the Holders in connection with the preparation, execution
and delivery of this Amendment No. 11, including the reasonable fees, costs and
expenses of Stroock as counsel for the Holders with respect
thereto.

     

    SECTION
7. Execution
in Counterparts.  This Amendment No. 11 may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same
agreement.  Delivery of an executed signature page to this Amendment
No. 11 by facsimile transmission or otherwise transmitted or communicated by
email shall be as effective as delivery of a manually executed counterpart of
this Amendment No. 11.

     

    SECTION
8. Integration.  The
Existing Forbearance Agreement, as amended by this Amendment No. 11 and any
agreements referred to herein constitute the entire contract among the parties
hereto relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof, and may not be modified or amended except by a written instrument,
signed by each of the parties hereto, expressing such amendment or modification;
provided,
however,
that this Amendment No. 11 is not intended to in any way supersede or contradict
the terms of the confidentiality agreements dated February 17, 2009 between MPG
and each of Stroock and FTI Consulting, Inc.  Upon the effectiveness
of this Amendment No. 11 as set forth in Section
2 hereof, this Amendment No. 11 shall be binding upon and inure to the
benefit of the parties hereto and, subject to and in accordance with Section
13.10 of the Indenture, their respective successors.

     

    SECTION
9. Severability.  Wherever
possible, each provision of this Amendment No. 11 shall be interpreted in such a
manner as to be effective and valid under applicable law, but if any provision
of this Amendment No. 11 shall be prohibited by or invalid under applicable law,
such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Amendment No. 11 or the Existing Forbearance
Agreement.

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

     

    SECTION
10. Survival.  Each
of the covenants required to be performed by MPG, MCC or the Morris Companies or
any of their respective Affiliates and Subsidiaries in the Existing Forbearance
Agreement (as hereby amended) or this Amendment No. 11 shall remain in full
force and effect until the earlier to occur of (i) the seventh (7th) Business
Day (as defined in the Credit Agreement as of the date hereof) after the date on
which any Forbearance Termination Date shall have occurred, or (ii) the
principal of the Loans (x) is declared to be due and payable or (y)
automatically becomes due and payable, in the case of clause (i) or (ii) above
as provided for in Article VII of the Credit Agreement.

     

    SECTION
11. Applicable
Law.  This Amendment No. 11 shall be governed by and be
construed and enforced in accordance with, the laws of the State of New York
(including without limitation Section 5-1401 of the New York General Obligations
Law).

     

    SECTION
12. Submission
to Jurisdiction.  EACH OF THE ISSUERS, THE GUARANTORS AND THE
HOLDERS HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE
COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL
COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF
ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE EXISTING
FORBEARANCE AGREEMENT AS AMENDED HEREBY AND IRREVOCABLY ACCEPTS FOR ITSELF AND
IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE
AFORESAID COURTS.  EACH OF THE ISSUERS, THE GUARANTORS AND THE HOLDERS
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT THAT IT MAY EFFECTIVELY DO SO UNDER
APPLICABLE LAW, TRIAL BY JURY AND ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN
ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN
ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.  NOTHING
HEREIN SHALL AFFECT THE RIGHT OF ANY HOLDER TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST
THE ISSUERS OR ANY GUARANTOR IN ANY OTHER JURISDICTION.

     

    SECTION
13. Headings.  Section
headings in this Amendment No. 11 are included herein for convenience of
reference only and shall not constitute a part of this Amendment No. 11 for any
other purposes.

     

    
      
         

      

      
         

        
          
 

      

       

       

           
 SECTION
14. Confidentiality.  Each
of the Morris Companies and each Holder (and their respective successors and
assigns) shall not publicly disclose any information provided to them in
connection with this Amendment No. 11, nor shall they publicly disclose Annex
A or Schedule
1 to this Amendment No. 11 (collectively, the “Holder
Information”), except: (1) in any legal proceeding relating to this
Amendment No. 11, provided that the relevant Morris Company and/or Holder, as
applicable, shall use its best efforts to maintain the confidentiality of Holder
Information in the context of any such proceeding; (2) to the extent required by
applicable law, rules, regulations promulgated thereunder, or obligations,
including, without limitation, U.S. federal securities laws, as determined after
consultation with legal counsel; (3) in response to an oral question,
interrogatory, request for information or documents, subpoena, civil
investigative demand or other process, or a request from a government agency,
regulatory authority or securities exchange; (4) that MPG may summarize this
Amendment No. 11 in connection with a Form 8-K filing (in lieu of filing this
Amendment No. 11 as an exhibit thereto); (5) that MPG may include this Amendment
No. 11 as an exhibit to the Company’s Form 10-Q for the third quarter of 2009;
provided,
however,
that MPG shall not include Annex
A or Schedule
1 in any such filing and shall only disclose Annex
A or Schedule
1 if specifically required to do so by the Securities and Exchange
Commission (“SEC”)
after taking all reasonable steps to resist disclosure, including requesting
that each of Annex
A and Schedule
1 be accorded confidential treatment by the SEC; and (6) that the Morris
Companies may provide a copy of this Amendment No. 11 (which copy shall not
include Annex
A or Schedule
1) to the Administrative Agent and the lenders under the Credit
Agreement, provided
that in the case of clauses (2), (3) or (5) above, the disclosing party provides
notice to the applicable Holder (promptly upon receipt of the subpoena or
request so that the Holder may seek an appropriate protective order or waive the
relevant Morris Company’s requirement for compliance with this Section
14), unless such notice would be prohibited by law.  The Morris
Companies will not oppose any reasonable action by the applicable Holder to
obtain an appropriate protective order or other reliable assurance that
confidential treatment will be accorded the Holder Information and the
information contained therein.  If the applicable Holder chooses to
oppose the production of such information, it does so at its own
expense.  Responding to any such subpoena or other request, after
providing notice as set forth herein, shall not be deemed to be a breach of any
provision of this Amendment No. 11.  Notwithstanding anything to the
contrary in this Section
14, the Morris Companies may: (i) disclose the aggregate principal amount
of Notes held by the Holders executing this Amendment No. 11, taken as a whole
and without reference to the names of the Holders constituting such amount; and
(ii) provide the Indenture Trustee with the executed copy of this Amendment No.
11 that includes the individual signature pages of each of the Holders, but only
in the event that the Morris Companies first obtain the Indenture Trustee’s
written consent not to publicly disclose any information relating to the
individual holdings of each Holder.

    

     

    [SIGNATURE
PAGES FOLLOW]

    
      
        
           

          NY
72300604

        

         

      

      
         

        
          
 

      

      
         

      

    

    
 

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment No. 11 to
be duly executed and delivered by their respective officers thereunto duly
authorized as of the date first written above.

    
       

      
        	
                MORRIS
      PUBLISHING GROUP, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                Title:
      Senior Vice President of Finance

              
	 
      	 
      
	 
      	 
      
	
                MORRIS
      PUBLISHING FINANCE CO.

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                YANKTON
      PRINTING COMPANY

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                BROADCASTER
      PRESS, INC.

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                THE
      SUN TIMES, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of
Finance

                

              

      

       

      
        	
                HOMER
      NEWS, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      

      

      
        
          
             

            NY
72187923

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 
      	 
      
	
                LOG
      CABIN DEMOCRAT, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                ATHENS
      NEWSPAPERS, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                SOUTHEASTERN
      NEWSPAPERS COMPANY, LLC

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                STAUFFER
      COMMUNICATIONS, INC.

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	
                FLORIDA
      PUBLISHING COMPANY

              
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      

      

      
        
          
             

            NY
72187923

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 
      	 
      
	
                SOUTHWESTERN
      NEWSPAPERS COMPANY, L.P.

              
	 
      
	
                By:
      Morris Publishing Group, LLC, its

                general
      partner

              
	 
      
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                THE
      OAK RIDGER, LLC

              
	 
      
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                MPG
      ALLEGAN PROPERTY, LLC

              
	 
      
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

                

              
	 
      	 
      
	 
      	 
      
	
                MPG
      HOLLAND PROPERTY, LLC

              
	 
      
	 
      
	
                By:

              	/s/
      Craig S. Mitchell 
	 
      	
                Name:
      Craig S. Mitchell

              
	 
      	
                      
                  Title:
      Senior Vice President of Finance

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