Document:

EXHIBIT 4.05.2  

(FACE OF DEBENTURE) 

        Unless
this certificate is presented by an authorized representative of the Depository Trust Company, a New York corporation ("DTC"), to the Company (as defined below) or its agent for
registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and
any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein. Unless and until it is exchanged in whole or in part for Debentures in definitive registered
form, this certificate may not be transferred except as a whole by DTC to a nominee of DTC or by a nominee of DTC to DTC or another nominee of DTC or by DTC or any such nominee to a successor
Depository or a nominee of such successor Depository. If DTC is at any time unwilling or unable to continue as a Depository for this certificate and a successor Depository is not appointed by the
Company within 90 days, 

        THIS
DEBENTURE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR
TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER (1) AGREES THAT IT WILL NOT WITHIN THREE YEARS AFTER THE
ORIGINAL ISSUANCE OF THIS DEBENTURE RESELL OR OTHERWISE TRANSFER THIS DEBENTURE EXCEPT (A) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR
(C) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, AND (2) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS DEBENTURE IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF THIS DEBENTURE WITHIN THREE YEARS AFTER THE ORIGINAL ISSUANCE OF THE DEBENTURES, THE HOLDER MUST CHECK THE APPROPRIATE
BOX SET FORTH ON THE REVERSE HEREOF RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE TRUSTEE. 

	 	 	 	 	 	 	CUSIP	 	 
	 	 	 	 	 	 	 	 	

	Number	 	 	 	 	 	 	 	 
	 	 	
	 	 	 	See Reverse for Certain Definitions

ADELPHIA COMMUNICATIONS CORPORATION 

97/8%
SENIOR DEBENTURE DUE 2005 

        Adelphia
Communications Corporation, a corporation organized under the laws of the State of Delaware, promises to pay
to                        or registered assigns the principal sum of
                        Dollars, on March 1, 2005. 

	Interest Payment Dates:	 	March 1 and September 1
	

Record Dates:	
 	

February 15 and August 15

        Additional
provisions of this Debenture are set forth on the other side of this Debenture. 

	 	 	 	 	Adelphia Communications Corporation
	

 	
 	

 	
 	

By:	
 	

 
	 	 	 	 	 	 	
 Senior Vice President
	

 	
 	

 	
 	

By:	
 	

 
	 	 	 	 	 	 	
 Vice President and Secretary
	Dated:	 	 	 	 
	

Certificate of Authentication:

This is one of the 97/8% Senior Debentures Due 2005 referred to in the within-mentioned Indenture	
 	

 	
 	

 
	

By:	
 	

 	
 	

 	
 	

 
	 	 	
 Authorized Officer	 	 	 	 

(REVERSE
SIDE) 

1.    INTEREST.    

        Adelphia
Communications Corporation (the "Company") promises to pay interest on the principal amount of the Debenture semiannually on March 1 and September 1 of each year,
commencing on September 1, 1993, at the rate of 97/8% per annum, except as set forth in paragraph 5 below. Interest will be computed on the basis of a 360-day
year of twelve 30-day months. Interest on the Debenture will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from March 11, 1993. 

2.    METHOD OF PAYMENT    

        The
Company will pay interest on this Debenture provided for in paragraph 1 above (except defaulted interest) to the person who is the registered Holder of this Debenture at the
close of business on the February 15 or August 15 next preceding the Interest Payment Date. The Holder must surrender this Debenture to a Paying Agent to collect principal payments. The
Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts; provided, however, that the Company may pay
principal and interest by check payable in such money. It may mail an interest check to the Holder's registered address. 

3.    PAYING AGENT AND REGISTRAR.    

        Initially,
Bank of Montreal Trust Company (the "Trustee") will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to the Holders of
the Debentures. Neither the Company nor any of its Subsidiaries or Affiliates may act as Paying Agent but may act as registrar or co-registrar. 

4.    INDENTURE; LIMITATIONS.    

        The
Company issued this Debenture under an Indenture dated as of March 11, 1993 (the "Indenture") between the Company and the Trustee. The terms of this Debenture include those
stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15. U.S. Code §§ 77aaa-77bbbb) as in effect on the
date of the Indenture. This Debenture is subject to all such terms, and the Holder of this Debenture is referred to the Indenture and said Trust Indenture Act for a statement of them. All capitalized
terms in this Debenture, unless otherwise defined, have the meanings assigned to them by the Indenture. 

        The
Debentures are general unsecured obligations of the Company limited to $130,000,000 aggregate principal amount. The Indenture imposes certain restrictions on, among other things, the
incurrence of indebtedness, mergers and sale of assets, the payments of dividends on, or the repurchase of, capital stock and subordinated debt of the Company and certain other restricted payments by
the Company and its subsidiaries, certain transactions with, and investments in, its affiliates, and a provision regarding change-of-control transactions. 

5.    REGISTRATION RIGHTS.    

        If
a registration statement for an exchange offer registered under the Securities Act is not declared effective, or if a registration statement under the Securities Act with respect to
resales of the Debentures is not declared effective by the Commission by a date that is 150 days after the issuance of this Debenture, in accordance with the Registration Rights Agreement, the
interest rate payable on the principal of this Debenture shall increase by one quarter of one (1/4) percent per annum for the next 90 days thereafter and shall further increase
by one quarter of one (1/4) percent per annum for each subsequent 90 days (up to a maximum increase of two percent), until such time as such a registration statement is declared
effective, at and from which time the interest rate on the Debenture shall be 97/8% per annum. 

6.    DENOMINATIONS, TRANSFER, EXCHANGE.    

        The
Debentures are in registered form without coupons in denominations of $1,000 and integral multiples thereof. A Holder may register the transfer or exchange of Debentures in
accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or
permitted by the Indenture. 

7.    PERSONS DEEMED OWNERS.    

        The
registered Holder of this Debenture may be treated as the owner of it for all purposes. 

8.    UNCLAIMED MONEY.    

        If
money for the payment of principal and interest on any Debenture remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its request.
After that, Holders entitled to money must look to the Company for payment as general creditors unless an "abandoned property" law designates another person. 

9.    AMENDMENT, SUPPLEMENT AND WAIVER.    

        Subject
to certain exceptions, the Indenture or the Debentures may be modified, amended or supplemented by the Company or the Trustee with the consent of the Holders of at least a
majority in
principal amount of the Debentures then outstanding and any existing default or compliance with any provision may be waived in a particular instance with the consent of the Holders of a majority in
principal amount of the Debentures then outstanding. 

10.    SUCCESSOR ENTITY.    

        When
a successor corporation assumes all the obligations of its predecessor under the Debentures and the Indenture and immediately thereafter no Default exists, the predecessor
corporation will be released from those obligations. 

11.    DEFAULTS AND REMEDIES.    

        An
"Event of Default" occurs if: 

        (1)   the
Company defaults in the payment of any principal of any Debenture when the same becomes due and payable at maturity, upon acceleration or otherwise; 

        (2)   the
Company defaults in the payment of any interest on any Debenture when the same becomes due and payable and the Default continues for a period of 30 days; 

        (3)   the
Company defaults in the observance or performance of any other covenant in the Debentures or the Indenture for 60 days after written notice from the Trustee
or the Holders of not less than 25% in aggregate principal amount of the Debentures then Outstanding; 

        (4)   the
Company fails to pay when due principal, interest or premium aggregating $10,000,000 or more with respect to any Indebtedness of the Company or any Restricted
Subsidiary, or such acceleration shall not be rescinded or annulled, within ten days after written notice as provided in the Indenture; 

        (5)   a
court of competent jurisdiction enters a final judgment or judgments for the payment of money in excess of $10,000,000 against the Company or any Restricted Subsidiary
and such judgment remains undischarged for a period of 60 consecutive days during which a stay of enforcement of such judgment shall not be in effect; 

        (6)   the
Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the date of the event described in this clause (6),
pursuant to or within the meaning of any Bankruptcy Law: 

        (A)  commences
a voluntary case, 

        (B)  consents
to the entry of an order for relief against it in an involuntary case, 

        (C)  consents
to the appointment of a Custodian of it or for all or substantially all of its property, or 

        (D)  makes
a general assignment for the benefit of its creditors; 

        (7)   a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

        (A)  is
for relief against the Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such order or decree,
in an involuntary case, 

        (B)  appoints
a Custodian of the Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such order or
decree, or for all or substantially all of its property, or 

        (C)  order
the liquidation of the Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such order or
decree, and the order or decree remains unstayed and in effect for 60 days. 

        The
term "Bankruptcy Law" means Title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term "Custodian" means any receiver, trustee, assignee,
liquidator or similar official under any Bankruptcy Law. 

        A
Default under clauses (3) and (4) is not an Event of Default until the Trustee notifies the Company, or the Holders of at least 25% in aggregate principal amount of the
Debentures notify the Company and the Trustee, of the Default and the Company does not cure the Default within (a) 60 days after receipt of such notice in the case of a Default under
clause (3) and (b) 10 days after receipt of such notice in the case of a Default under clause (4). The notice must specify the Default, demand that it be remedied and state
that the notice is a "Notice of Default." If the Holders of at least 25% in principal amount of the outstanding Debentures request the Trustee to give such notice on their behalf, the Trustee shall do
so. 

        The
Trustee may withhold notice to the Holders of the Debentures of any default (except in payment of principal or interest on the Debentures) if the Trustee considers it to be in the
best interest of the Holders of the Debentures to do so. 

        In
the Event of Default (other than an Event of Default resulting from certain events of bankruptcy, insolvency or reorganization) occurs and is continuing, the Trustee by notice to the
Company, or the Holders of not less than 25% in aggregate principal amount of the Debentures then outstanding, may declare to be immediately due and payable the principal amount of all the Debentures
then outstanding plus accrued but unpaid interest to the date of acceleration; provided, however, that after such acceleration but before a judgment or decree based on such acceleration is obtained by
the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Debentures by written notice to the Trustee and the Company may rescind and annul such acceleration and its
consequences if all existing Events of Default, other than the nonpayment of accelerated principal or interest, have been cured or waived. In the case of an Event of Default involving certain events
of bankruptcy, insolvency or reorganization specified in the Indenture, such amount with respect to all of the Debentures shall be due and payable immediately without any declaration or other act on
the part of the Trustee or the Holders of the Debentures. 

12.    TRUSTEE DEALINGS WITH THE COMPANY.    

        The
Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may
otherwise deal with the Company or its Affiliates, as if it were not Trustee. 

13.    NO RECOURSE AGAINST OTHERS.    

        A
director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Debentures or the Indenture or for any
claim based on, in
respect or by reason of, such obligations or their creation as more fully described in the Indenture. The Holder of this Debenture by accepting this Debenture waives and releases all such liability.
The waiver and release are part of the consideration for the issuance of this Debenture. 

14.    DEFEASANCE AND COVENANT DEFEASANCE.    

        The
Indenture contains provisions for defeasance of the entire indebtedness on this Debenture and for defeasance of certain covenants in the Indenture upon compliance by the Company with
certain conditions set forth in the Indenture. 

15.    ABBREVIATIONS.    

        Customary
abbreviations may be used in the name of a Holder of a Debenture or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint
tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

16.    CUSIP NUMBERS.    

        Pursuant
to recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP Numbers to be printed on the Debentures and has
directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders of the Debentures. No representation is made as to the accuracy of such numbers either as printed on the
Debentures or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

        THE
COMPANY WILL FURNISH TO ANY HOLDER OF A DEBENTURE UPON WRITTEN REQUEST AND WITHOUT CHARGE A COPY OF THE INDENTURE. REQUESTS MAY BE MADE TO: ADELPHIA COMMUNICATIONS CORPORATION, 5
WEST THIRD STREET, P.O. BOX 472, COUDERSPORT, PENNSYLVANIA 16195, ATTENTION: CHIEF FINANCIAL OFFICER. 

ASSIGNMENT 

	I or we assign and transfer this Debenture to:
	

(Insert assignee's social security or tax I.D. number)
	

	

	

	

(Print or type name, address and zip code of assignee)
	

and irrevocably appoint:
	

	

	

Agent to transfer this Debenture on the books of the Company. The Agent may substitute another to act for him.

	

Date:	
 	

 	
 	

Your Signature:	
 	

 
	 	 	
	 	 	 	

	

 	
 	

 	
 	

 	
 	

 (Sign exactly as your name appears on the other side of this Debenture)
	

 	
 	

 	
 	

Signature Guarantee:	
 	

 
	 	 	 	 	 	 	

        This
Debenture is being transferred (check the appropriate box): 

/ /    to
the Company or a subsidiary thereof; 

/ /    to
a Qualified Institutional Buyer in compliance with Rule 144A under the Securities Act; or 

/ /    pursuant
to an effective registration statement under the Securities Act.EXHIBIT 4.07.2

	

	

(Face of Note)
	

	

97/8% Senior Notes due 2007

	
No.	
 	

$              
	
ADELPHIA COMMUNICATIONS CORPORATION
	

promises to pay to                          or registered assigns, the principal sum of
                         Dollars on March 1, 2007.

	

        Interest Payment Dates:    March 1, and September 1	
 	

 
	

        Record Dates:    February 15, and August 15	
 	

 

	 	 	Dated:
	

 	
 	

ADELPHIA COMMUNICATIONS CORPORATION
	

 	
 	

By:	

    

	 	 	 	Name:

Title:

	This is one of the Notes

referred to in the within-

mentioned Indenture:	 	(SEAL)
	

BANK OF MONTREAL TRUST COMPANY,

as Trustee	
 	

 
	

By:	
 	

    
 Authorized Signature	
 	

 

(Back
of Note) 

97/8%
Senior Notes due 2007 

        [Unless
and until it is exchanged in whole or in part for Notes in definitive form, this Note may not be transferred except as a whole by the Depository to a nominee of the
Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor
Depository. Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) ("DTC"), to the issuer or its agent for
registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as may be requested by an authorized representative of DTC
(and any payment is made to
Cede & Co. or such other entity as may be requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] 1 

THE
NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT (1) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (4) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OR (5) TO INSTITUTIONAL ACCREDITED INVESTORS IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH
ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 

        Capitalized
terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

	1
	This
paragraph should be included only if the Note is issued in global form. 

 

        1.     INTEREST.    Adelphia Communications Corporation, a Delaware corporation (the
"Company") promises to pay interest on the principal amount of this Note at 97/8% per annum from
                         until March 1, 2007 and shall pay the Liquidated Damages, if any, payable pursuant to
Section 5 of the Registration Rights Agreement referred
to below. The Company shall pay interest and Liquidated Damages, if any, semi-annually in arrears on March 1 and September 1 of each year, or if any such day is not a
Business Day, on the next succeeding Business Day (each an "Interest Payment Date"). Interest on the Notes will accrue from the most recent date to
which interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment
of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that the first Interest Payment Date shall be
                        . The Company shall
pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal from time to time on demand at a rate equal to the per annum rate on the
Notes then in effect; it shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue installments of interest and Liquidated Damages, if any,
(without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve
30-day months. 

        2.     METHOD OF PAYMENT.    The Company shall make payments in respect of the Notes represented by the Global Notes
(including principal, interest and Liquidated Damages, If any) by wire transfer of immediately available funds to the accounts specified by the Note Custodian. With respect to Notes issued in
definitive form, the Company shall make all payments of principal, interest and Liquidated Damages, if any, by mailing a check to each such Holder's registered address,  provided that all payments with
respect to Notes having an aggregate principal amount of $100,00 or more, the Holders of which have given wire transfer
instructions to the Company at least ten business days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds to the accounts specified by
the Holders thereof. Except for trades involving Euroclear or CEDEL participants, the Notes represented by the Global Notes are expected to be eligible to trade in DTC's Same-Day Funds
Settlement System, and any permitted secondary market trading activity in such notes will, therefore, be required by DTC to be settled in immediately available funds. 

        3.     PAYING AGENT AND REGISTRAR.    Initially, Bank of Montreal Trust Company, the Trustee under the Indenture, will
act as Paying Agent and Registrar. The Notes may be presented for registration of transfer and exchange at the offices of the Registrar. The Company may change any Paying Agent or Registrar without
notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

        4.     INDENTURE.    The Company issued the Notes under an Indenture dated as of February 26, 1997
("Indenture") between the Company and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the
Indenture and such Act for a statement of such terms. The Notes are senior unsecured obligations of the Company limited to $600 million in aggregate principal amount. 

        5.     MANDATORY REDEMPTION.    Except as set forth in paragraph 6 below, the Company shall not be required to
make mandatory redemption payments with respect to the Notes. 

        6.     REPURCHASE AT OPTION OF HOLDER.    Within 50 days of (i) the proposed occurrence of a Change of
Control or (ii) the occurrence of Change of Control Triggering Event, the Company shall be required to make an offer (a "Change of Control
Offer") to repurchase all or any part (equal to $1,000 or an integral multiple thereof) of each Holder's Notes at a purchase price equal to 100% of the principal amount thereof
plus accrued and unpaid interest and Liquidated Damages thereon, if any, to the date of purchase, which date shall be no later than 50 days from the date such notice is mailed (the 

2

 

"Change of Control Payment Date"). Within 50 days of (i) the proposed occurrence of a Change of Control or (ii) the occurrence of
Change of Control Triggering Event, the Company shall mail a notice to each holder setting forth the procedures governing the Change of Control Offer as required by the Indenture. Such right to
require the repurchase of Notes shall not continue after discharge of the Company from its obligations with respect to the Notes. The board of directors of the Company may not waive this provision. 

        7.     DENOMINATIONS, TRANSFER, EXCHANGE.    The Notes are in registered form without coupons in minimum denominations
of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. 

        8.     PERSONS DEEMED OWNERS.    The registered Holder of a Note may be treated as its owner for all purposes. 

        9.     AMENDMENT, SUPPLEMENT AND WAIVER.    Subject to certain exceptions, the Indenture or the Notes may be amended
and supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes, and any existing default or compliance with any provision of the Indenture or
the Notes may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes. Without the consent of any Holder of a Note, the Indenture or the Notes may be
amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertified Notes in addition to or in place of certificated Notes, to provide for the assumption of the
Company's obligations to Holders of the Notes in case of a merger or consolidation, to issue up to $250,000,000 in aggregate principal amount of additional Notes, to transfer, assign, mortgage or
pledge any property to the Trustee and otherwise comply with the covenant to secure Notes equally, to make any change that would provide any additional rights or benefits to the Holders of the Notes
or that does not adversely affect the legal rights under the Indenture of any such Holder, or to comply with the requirements of the SEC in order to effect or maintain the qualification of the
Indenture under the Trust Indenture Act. 

        10.   DEFAULTS AND REMEDIES.    An Event of Default occurs if: (i) the Company defaults in the payment when
due of any interest on, or Liquidated Damages with respect to, any Note and such default continues for a period of 30 days (whether or not prohibited by Article 6 of the Indenture;
(ii) the Company defaults in the payment of the principal of any Note at its maturity (whether or not prohibited by Article 6 of the Indenture); (iii) the Company fails to observe
or perform any other covenant, representation, warranty or other agreement in the Indenture or the Notes for 60 days after written notice to the Company by the Trustee or the Holders of at
least 25% in principal amount of the Notes then outstanding; (iv) the Company fails to pay when due principal, interest or premium aggregating $10,000,000 or more with respect to any
Indebtedness of the Company or any Restricted Subsidiary, or the acceleration of any such Indebtedness which default shall not be cured or waived, or such acceleration shall not be rescinded or
annulled, within 10 days after written notice; (v) a final judgment or final judgments for the payment of money are entered by a court or courts of competent jurisdiction against the
Company or any of its Restricted Subsidiaries and such judgment or judgments remain undischarged for a period (during which execution shall not be effectively stayed) of 60 days,  provided that the
aggregate of all such judgments exceeds $10 million; or (vi) the Company or any Restricted Subsidiary with liabilities
of greater than $10,000,000 under GAAP as of the date of the event described in this clause, pursuant to or within the meaning of Bankruptcy Law: (a) commences a voluntary case,
(b) consents to the entry of an order for relief against it in an involuntary case, (c) consents to the appointment of a Custodian of it or for all or subsequently all of its property,
or (d) makes a general assignment for the benefit of its creditors, (vii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (a) is for
relief against the Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such order or decree in an involuntary case,
(b) appoints a custodian of the Company, or any Restricted Subsidiary of restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as 

3

 

of
the effective date of such order or decree or for all or substantially all of its property or (c) orders the liquidation of the Company, or any restricted Subsidiary with liabilities greater
than $10,000,000 under GAAP as of the effective date of such order or decree; and the order or decree remains unstayed and in effect for 60 consecutive days. If any Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately. Notwithstanding the foregoing, in
the case an Event of Default specified in clauses (6) or (7) of Section 6.01 of the Indenture occurs with respect to the Company, or a Restricted Subsidiary with liabilities of
greater than $10,000,000 under GAAP as of the effective date of such order or decree, all outstanding Notes will become due and payable without further action or notice. Holders of the Notes may not
enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee
in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the
payment of principal or interest) if it determines that withholding notice is in their interest. The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding by
notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its consequences under the Indenture, except a continuing Default or Event of
Default in the payment of the principal of and Liquidated Damages, if any, or interest on, the Notes (provided, however, that the Holders of a majority
in aggregate amount of the then outstanding Notes may rescind an acceleration and its consequence, including any related payment default) or a default with respect to any covenant or provision which
cannot be modified or amended without the consent of the Holder of each outstanding Note affected. 

        The
Company is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event
of Default, to deliver to the Trustee a statement specifying such Default or Event of Default and what action the Company is taking or proposes to take thereto. 

        11.   TRUSTEE DEALINGS WITH COMPANY.    The Trustee, in its individual or any other capacity, may make loans to,
accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

        12.   NO RECOURSE AGAINST OTHERS.    A director, officer, employee, incorporator or stockholder of the Company, as
such, shall not have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.
Each Holder by accepting a Note waives and releases all such liability including any rights any general partner of the Company in its capacity as general partner. The waiver and release are part of
the consideration for the issuance of the Exchange Debentures. 

        13.   AUTHENTICATION.    This Note shall not be valid until authenticated by the manual signature of the Trustee or
an authenticating agent. 

        14.   ABBREVIATIONS.    Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TENENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 

        15.   ADDITIONAL RIGHTS OF HOLDERS OF TRANSFER RESTRICTED SECURITIES.    In addition to the rights provided to
Holders of Notes under the Indenture, Holders of Transfer Restricted Securities shall have all the rights set forth in the Registration Rights Agreement dated as of February 26, 1997, between
the Company and the parties named on the signature pages thereof. 

        16.   CUSIP NUMBERS.    Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Company has caused CUSIP Numbers to be printed on 

4

 

the
Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

        The
Company shall furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 

Adelphia
Communications Corporation

Main at Water Street

Coudersport, PA 16915

Attention: Colin H. Higgin, Esq. 

5

 

ASSIGNMENT FORM  

        To assign this Note, fill in the form below: (I) or (we) assign and transfer this Note to 

	
 (Insert assignee's soc. sec. or tax I.D. no.)
	

	

	

	

 (Print or type assignee's name, address and zip code)

	

and irrevocably appoint	

 
	 	

	

	

Date:	

    
	
 	

Your Signature:	

    
 (Sign exactly as your name appears on the face of this Note)

6

 
OPTION OF HOLDER TO ELECT PURCHASE  

        If you want to elect to have this Note purchased by the Company pursuant to Article 3 of the Indenture, check the box below: 

o    Article 3

        If you want to elect to have only part of the Note purchased by the Company pursuant to Article 3 of the Indenture, state the amount you elect to have
purchased:
$                                         
                                          
      

	

Date:	

 	
 	

Your Signature:	

 
	 	
	 	 	
 (Sign exactly as your name appears on the face of this Note)

	

 	

 	
 	

Tax Identification No.:	

    

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]