Document:

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                                                                    EXHIBIT 10.1

                                                                  CONFORMED COPY

                           AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT dated
                  as of June 28, 2002 (this "2002 Amendment and Restatement"),
                  among Cox Radio, Inc., the banks party hereto (the "Banks"),
                  JPMorgan Chase Bank (the "Administrative Agent"), as
                  administrative agent and Bank of America, N.A. and Wachovia
                  Bank, National Association, as syndication agents (the
                  "Syndication Agents").

         A.       On June 29, 2001, the Company, certain of the Banks and the
Administrative Agent entered into an Amended and Restated 364-Day Credit
Agreement in an aggregate principal amount of $350,000,000 (the "Credit
Agreement").

         B.       The parties hereto have agreed, subject to the terms and
conditions hereof, to amend and restate the Credit Agreement as set forth herein
on the terms and subject to the conditions provided herein.

         C.       Capitalized terms used and not otherwise defined herein shall
have the meanings assigned to such terms in the Credit Agreement.

         SECTION 1.  Amendment and Restatement. The Credit Agreement is hereby
amended and restated in the form of an Amended and Restated Credit Agreement
dated as of the date hereof, the terms of which shall be identical to the terms
of the Credit Agreement except as expressly provided in this Section.

         (a)      Amendment to Article I. Article I of the Credit Agreement is
hereby amended by:

         (i)      Deleting the definition of "Agent's Fee Letter" and
substituting therefor the following:

                        ""Agent's Fee Letter" shall mean the fee letter dated
                  as of June 3, 2002 among JPMCB, J.P. Morgan Securities Inc.
                  ("JPMorgan"), the Company and the other parties thereto."

         (ii)     Deleting the definition of "Existing Facility" and
substituting therefor the following, and making a corresponding amendment to the
first preamble to the Credit Agreement:

                        ""Existing Facility" shall mean the Amended and Restated
                  364-Day Credit Agreement dated as of

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                                                                               2

                  June 29, 2001, among the Company and the banks and the agents
                  party thereto."

                  (iii)    Amending the definition of the term "Interest
Period" by adding the text", Federal Funds Rate Loan" after "Eurodollar Loan"
therein, moving the "and" at the end of clause (a) to the end of clause (b),
and adding the following to the end thereof:

                           "(c) in the case of Federal Funds Rate Loans, ending
                  not less than one day nor more than 30 days thereafter;"

                  (iv)     Amending the definition of the term "Chase" to read
as follows:

                  ""JPMCB" shall mean JPMorgan Chase Bank, a New York banking
         corporation having its principal offices located at 270 Park Avenue,
         New York, New York 10017"

and as so amended moving the definition to its proper alphabetical position.
Each reference in the Credit Agreement to the defined term "Chase" is amended to
refer to "JPMCB".

                  (v)      In the definition of the term "Majority Banks",
deleting both instances of the text "at least 51%" and substituting in each
instance the text "greater than 50%".

                  (vi)     Amending the definition of the term "Margin
Percentage" by inserting the text ", Federal Funds Borrowing Rate" immediately
after the first instance of the term "CD Rate", inserting the text ", Federal
Funds Rate Loans"

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                                                                               3

immediately after the term "CD Rate Loans", and replacing the grid therein with
the following:

<TABLE>
<CAPTION>

                                                                                       Applicable
                                                                                      Margin (%)--
                                                                     Applicable        CD Rate and
                                                                    Margin (%)--      Federal Funds
                                                Commitment           Eurodollar       Borrowing Rate
Category               Ratings                 Fee Rate (%)             Loans             Loans (%)
<S>                   <C>                     <C>                   <C>               <C>
Category 1            > A-/A3                     0.09                 0.40                 .525
                      -
Category 2            BBB+/Baa1                   0.10                 0.50                 .625
Category 3            BBB/Baa2                    0.125                0.625                .750
Category 4            BBB-/Baa3                   0.15                 0.75                 .875
Category 5            < BB+/Ba1                   0.20                 1.00                1.125
                      -
</TABLE>

                  (vii)    In the definition of the term "Maturity Date",
deleting the word "fourth" and substituting therefor the word "third".

                  (viii)   Deleting the definition of the term "Quarterly Date"
and substituting therefor the following:

                  ""Quarterly Date" shall mean the last day of each March, June,
                  September and December, beginning with September 30, 2002, or
                  if any such date is not a Business Day, the respective
                  Quarterly Date shall be the next preceding Business Day."

                  (ix)     In the definition of the term "Revolving
Loans", adding immediately after the text "CD Rate Loans", the text ", Federal
Funds Rate Loans".

                  (x)      Deleting the definition of the term "Termination
Date" and substituting therefor the following:

                  ""Termination Date" shall mean June 27, 2003."

                  (xi)     Adding in the appropriate alphabetical order the
following definitions:

                  "Federal Funds Rate Loans" shall mean those Loans which may be
         made under this Agreement and which are described in Section
         2.01(d)(iv) on which the Company shall pay interest at a rate based on
         the Federal Funds Borrowing Rate.

                  "Issuing Bank" shall mean JPMCB and its successors in such
         capacity as provided in Section 2.08(i). The

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                                                                               4

                  Issuing Bank may, in its discretion, arrange for one or more
                  Letters of Credit to be issued by Affiliates of the Issuing
                  Bank, in which case the term "Issuing Bank" shall include any
                  such Affiliate executing this Agreement as Issuing Bank, in
                  its capacity as issuer of Letters of Credit hereunder.

                           "LC Disbursement" shall mean a payment made by the
                  Issuing Bank pursuant to a Letter of Credit.

                           "LC Exposure" shall mean, at any time, the sum of (a)
                  the aggregate undrawn amount of all outstanding Letters of
                  Credit at such time plus (b) the aggregate amount of all LC
                  Disbursements that have not yet been reimbursed by or on
                  behalf of the Company at such time. The LC Exposure of any
                  Bank at any time shall be its Applicable Percentage of the
                  total LC Exposure at such time.

                           "LC Participation Fees" shall have the meaning set
                  forth in Section 4.05.

                           "Letter of Credit" shall mean any letter of credit
                  issued pursuant to this Agreement.

                           "Related Parties" means, with respect to any
                  specified Person, such Person's Affiliates and the respective
                  directors, officers, employees, agents and advisors of such
                  Person and such Person's Affiliates.

                           (b)      Amendment to Section 2.01(a). Section
2.01(a) is hereby amended by deleting the text "exceed $350,000,000" and
substituting therefor the text "and letters of credit exceed $150,000,000", and
by inserting the text ", Federal Funds Rate Loans" immediately after the term
"Alternate Base Rate Loans" therein.

                           (c)      Amendment to Exhibit 2.01(a). Exhibit
2.01(a) to the Credit Agreement is hereby amended by deleting such Exhibit
2.01(a) and substituting therefor Exhibit 2.01(a) hereto.

                           (d)      Amendment to Section 2.01(b)(i). Section
2.01(b) is hereby amended by inserting the text "Federal Funds Rate Loans or"
immediately before the first instance of the term "Alternate Base Rate Loans",
replacing the text "and the Alternate Base Rate" with the text "and the Federal
Funds Rate or the Alternate Base Rate, as the case may be", inserting in
subclause (x) thereof the text ", Federal Funds Rate Loans" immediately after
the term "CD

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                                                                               5

Rate Loans", and inserting into subclause (y) thereof the text ", Federal Funds
Rate Loans" after the term "Eurodollar Loans".

                           (e)      Amendment to Section 2.01(d). Section
2.01(d) is hereby amended by adding the following clause immediately after
clause (iii), and renumbering the following clauses therein as appropriate:

                           (iv)     Each Federal Funds Rate Loan shall be made
                  in Dollars and shall bear interest on the unpaid principal
                  amount thereof from time to time outstanding at a rate per
                  annum (for the actual number of days elapsed, based on a year
                  of 360 days) which shall be equal to the lesser of (A) the
                  Federal Funds Borrowing Rate plus the applicable Margin
                  Percentage, or (B) the Highest Lawful Rate.

Section 2.01(d) is further amended by adding at the end thereof the following
clause:

                           "(vii)   Subject to the provisions of clause (vi) of
                  this Section 2.01(d), following the Termination Date, each
                  Loan shall bear interest at a rate per annum equal to 0.25%
                  per annum plus the rate otherwise applicable to such Loan as
                  provided in the preceding paragraphs of this Section 2.01(d).
                  Subject to clause (vi) of this Section 2.01(d), the interest
                  rate provided for under this paragraph shall at all times
                  following the Termination Date constitute the total interest
                  applicable to such Loan."

                           (f)      Amendment to Section 2.01(e)(i). Section
2.01(e)(i) is hereby amended by inserting the text ", Federal Funds Rate Loans"
immediately after the term "CD Rate Loans", inserting the text ", Federal Funds
Rate Loan" after the text "Alternate Base Rate Loan", and inserting the text ",
Federal Funds Rate Loans" after the final instance of the text "Alternate Base
Rate Loans".

                           (g)      Amendment to Section 2.01(h). Section
2.01(h) is hereby amended by inserting the text "or Letter of Credit" after both
instances of the word "Loan".

                           (h)      Amendment to Section 2.01(i). Section
2.01(i) is hereby amended by deleting the word "fourth", and substituting
therefor the word "third".

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                                                                               6

                           (i)      Amendment to Article II. Article II is
hereby amended by adding at the end thereof the following section:

                           SECTION 2.08. Letters of Credit. (a) General. Subject
                  to the terms and conditions set forth herein, the Company may
                  request the issuance of Letters of Credit for its own account,
                  in a form reasonably acceptable to the Administrative Agent
                  and the Issuing Bank, at any time and from time to time prior
                  to the date five Business Days prior to the Termination Date.
                  In the event of any inconsistency between the terms and
                  conditions of this Agreement and the terms and conditions of
                  any form of letter of credit application or other agreement
                  submitted by the Company to, or entered into by the Company
                  with, any Issuing Bank relating to any Letter of Credit, the
                  terms and conditions of this Agreement shall control.

                           (b)      Notice of Issuance, Amendment, Renewal,
                  Extension; Certain Conditions. To request the issuance of a
                  Letter of Credit (or the amendment, renewal or extension of an
                  outstanding Letter of Credit), the Company shall hand deliver
                  or telecopy (or transmit by electronic communication, if
                  arrangements for doing so have been approved by the Issuing
                  Bank) to the Issuing Bank and the Administrative Agent
                  (reasonably in advance of the requested date of issuance,
                  amendment, renewal or extension) a notice requesting the
                  issuance of a Letter of Credit, or identifying the Letter of
                  Credit to be amended, renewed or extended, and specifying the
                  date of issuance, amendment, renewal or extension (which shall
                  be a Business Day), the date on which such Letter of Credit is
                  to expire (which shall comply with paragraph (c) of this
                  Section), the amount of such Letter of Credit, the name and
                  address of the beneficiary thereof and such other information
                  as shall be necessary to prepare, amend, renew or extend such
                  Letter of Credit. If requested by the Issuing Bank, the
                  Company also shall submit a letter of credit application on
                  the Issuing Bank's standard form in connection with any
                  request for a Letter of Credit. A Letter of Credit shall be
                  issued, amended, renewed or extended only if (and upon
                  issuance, amendment, renewal or extension of each Letter of
                  Credit the Company shall be deemed to represent and warrant
                  that), after giving effect to such issuance, amendment,
                  renewal or extension (i) the LC Exposure shall not exceed
                  $25,000,000 and (ii) the sum of (I) the outstanding

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                                                                               7

                  aggregate principal amount of all Loans and (II) the LC
                  Exposure shall not exceed the Total Commitment.

                           (c)      Expiration Date. Each Letter of Credit shall
                  expire at or prior to the close of business on the date that
                  is five Business Days prior to the Termination Date.

                           (d)      Participations. By the issuance of a Letter
                  of Credit (or an amendment to a Letter of Credit increasing
                  the amount thereof) and without any further action on the part
                  of the Issuing Bank or the Banks, the Issuing Bank hereby
                  grants to each Bank, and each Bank hereby acquires from the
                  Issuing Bank, a participation in such Letter of Credit equal
                  to such Bank's Applicable Percentage of the aggregate amount
                  available to be drawn under such Letter of Credit. In
                  consideration and in furtherance of the foregoing, each Bank
                  hereby absolutely and unconditionally agrees to pay to the
                  Administrative Agent, for the account of the Issuing Bank,
                  such Bank's Applicable Percentage of each LC Disbursement made
                  by the Issuing Bank and not reimbursed by the Company on the
                  date due as provided in paragraph (e) of this Section, or of
                  any reimbursement payment required to be refunded to the
                  Company for any reason. Each Bank acknowledges and agrees that
                  its obligation to acquire participations pursuant to this
                  paragraph in respect of Letters of Credit is absolute and
                  unconditional and shall not be affected by any circumstance
                  whatsoever, including any amendment, renewal or extension of
                  any Letter of Credit or the occurrence and continuance of a
                  Default or reduction or termination of the Commitments, and
                  that each such payment shall be made without any offset,
                  abatement, withholding or reduction whatsoever.

                           (e)      Reimbursement. If the Issuing Bank shall
                  make any LC Disbursement in respect of a Letter of Credit, the
                  Company shall reimburse such LC Disbursement by paying to the
                  Administrative Agent an amount equal to such LC Disbursement
                  not later than 12:00 noon, New York City time, on the date
                  that such LC Disbursement is made, if the Company shall have
                  received notice of such LC Disbursement prior to 10:00 a.m.,
                  New York City time, on such date, or, if such notice has not
                  been received by the Company prior to such time on such date,
                  then not later than 12:00 noon, New York City time, on (i) the
                  Business Day that the Company receives such notice, if such
                  notice is received prior to 10:00 a.m., New York City time, on

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                                                                               8

                  the day of receipt, or (ii) the Business Day immediately
                  following the day that the Company receives such notice, if
                  such notice is not received prior to such time on the day of
                  receipt; provided that, if such LC Disbursement is not less
                  than the minimum borrowing amount, the Company may, subject to
                  the conditions to borrowing set forth herein, request that
                  such payment be financed with an Alternate Base Rate Loan or
                  Federal Funds Rate Loan in an equivalent amount and, to the
                  extent so financed, the Company's obligation to make such
                  payment shall be discharged and replaced by the resulting
                  Alternate Base Rate Loan or Federal Funds Rate Loan. If the
                  Company fails to make such payment when due, the
                  Administrative Agent shall notify each Bank of the applicable
                  LC Disbursement, the payment then due from the Company in
                  respect thereof and such Bank's Applicable Percentage thereof.
                  Promptly following receipt of such notice, each Bank shall pay
                  to the Administrative Agent its Applicable Percentage of the
                  LC Disbursement not reimbursed by the Company, in the same
                  manner as provided in Section 2.01 with respect to Loans made
                  by such Bank (and Section 2.01 shall apply, mutatis mutandis,
                  to the payment obligations of the Banks), and the
                  Administrative Agent shall promptly pay to the Issuing Bank
                  the amounts so received by it from the Banks. Promptly
                  following receipt by the Administrative Agent of any payment
                  from the Company pursuant to this paragraph, the
                  Administrative Agent shall distribute such payment to the
                  Issuing Bank or, to the extent that Banks have made payments
                  pursuant to this paragraph to reimburse the Issuing Bank, then
                  to such Banks and the Issuing Bank as their interests may
                  appear. Any payment made by a Bank pursuant to this paragraph
                  to reimburse the Issuing Bank for any LC Disbursement (other
                  than the funding of Alternate Base Rate Loans or Federal Funds
                  Rate Loan as contemplated above) shall not constitute a Loan
                  and shall not relieve the Company of its obligation to
                  reimburse such LC Disbursement.

                           (f)      Obligations Absolute. The Company's
                  obligation to reimburse LC Disbursements as provided in
                  paragraph (e) of this Section shall be absolute, unconditional
                  and irrevocable, and shall be performed strictly in accordance
                  with the terms of this Agreement under any and all
                  circumstances whatsoever and irrespective of (i) any lack of
                  validity or enforceability of any Letter of Credit or this
                  Agreement, or any term or provision therein, (ii) any draft or
                  other document presented under a Letter of

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                                                                               9

                  Credit proving to be forged, fraudulent or invalid in any
                  respect or any statement therein being untrue or inaccurate in
                  any respect, (iii) payment by the Issuing Bank under a Letter
                  of Credit against presentation of a draft or other document
                  that does not comply with the terms of such Letter of Credit,
                  or (iv) any other event or circumstance whatsoever, whether or
                  not similar to any of the foregoing, that might, but for the
                  provisions of this Section, constitute a legal or equitable
                  discharge of, or provide a right of setoff against, the
                  Company's obligations hereunder. Neither the Administrative
                  Agent, the Banks, the Issuing Bank, nor any of their Related
                  Parties, shall have any liability or responsibility by reason
                  of or in connection with the issuance or transfer of any
                  Letter of Credit or any payment or failure to make any payment
                  thereunder (irrespective of any of the circumstances referred
                  to in the preceding sentence), or any error, omission,
                  interruption, loss or delay in transmission or delivery of any
                  draft, notice or other communication under or relating to any
                  Letter of Credit (including any document required to make a
                  drawing thereunder), any error in interpretation of technical
                  terms or any consequence arising from causes beyond the
                  control of the Issuing Bank; provided that the foregoing shall
                  not be construed to excuse the Issuing Bank from liability to
                  the Company to the extent of any direct damages (as opposed to
                  consequential damages, claims in respect of which are hereby
                  waived by the Company to the extent permitted by applicable
                  law) suffered by the Company that are caused by the Issuing
                  Bank's failure to exercise care when determining whether
                  drafts and other documents presented under a Letter of Credit
                  comply with the terms thereof. The parties hereto expressly
                  agree that, in the absence of gross negligence or wilful
                  misconduct on the part of the Issuing Bank (as finally
                  determined by a court of competent jurisdiction), the Issuing
                  Bank shall be deemed to have exercised care in each such
                  determination. In furtherance of the foregoing and without
                  limiting the generality thereof, the parties agree that, with
                  respect to documents presented which appear on their face to
                  be in substantial compliance with the terms of a Letter of
                  Credit, the Issuing Bank may, at its sole discretion, either
                  accept and make payment upon such documents without
                  responsibility for further investigation, regardless of any
                  notice or information to the contrary, or refuse to accept and
                  make payment upon such documents if such documents are not in
                  strict compliance with the terms of such Letter of Credit.

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                                                                              10

                           (g)      Disbursement Procedures. The Issuing Bank
                  shall, promptly following its receipt thereof, examine all
                  documents purporting to represent a demand for payment under a
                  Letter of Credit. The Issuing Bank shall promptly notify the
                  Administrative Agent and the Company by telephone (confirmed
                  by telecopy) of such demand for payment and whether the
                  Issuing Bank has made or will make an LC Disbursement
                  thereunder; provided that any failure to give or delay in
                  giving such notice shall not relieve the Company of its
                  obligation to reimburse the Issuing Bank and the Banks with
                  respect to any such LC Disbursement.

                           (h)      Interim Interest. If the Issuing Bank shall
                  make any LC Disbursement, then, unless the Company shall
                  reimburse such LC Disbursement in full on the date such LC
                  Disbursement is made, the unpaid amount thereof shall bear
                  interest, for each day from and including the date such LC
                  Disbursement is made to but excluding the date that the
                  Company reimburses such LC Disbursement, at the Default Rate.
                  Interest accrued pursuant to this paragraph shall be for the
                  account of the Issuing Bank, except that interest accrued on
                  and after the date of payment by any Bank pursuant to
                  paragraph (e) of this Section to reimburse any Issuing Bank
                  shall be for the account of such Bank to the extent of such
                  payment.

                           (i)      Replacement of the Issuing Bank. The Issuing
                  Bank may be replaced at any time by written agreement among
                  the Company, the Administrative Agent, the Issuing Bank and
                  the successor Issuing Bank. The Administrative Agent shall
                  notify the Banks of any such replacement of the Issuing Bank.
                  At the time any such replacement shall become effective, the
                  Company shall pay all unpaid fees accrued for the account of
                  the replaced Issuing Bank. From and after the effective date
                  of any such replacement, (i) the successor Issuing Bank shall
                  have all the rights and obligations of the replaced Issuing
                  Bank under this Agreement with respect to Letters of Credit to
                  be issued thereafter and (ii) references herein to the term
                  "Issuing Bank" shall be deemed to refer to such successor or
                  to any previous Issuing Bank, or to such successor and all
                  previous Issuing Banks, as the context shall require. After
                  the replacement of the Issuing Bank hereunder, the replaced
                  Issuing Bank shall remain a party hereto and shall continue to
                  have all the rights and obligations of the Issuing Bank under
                  this Agreement with respect to Letters of Credit issued by it
                  prior to such

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                                                                              11

                  replacement, but shall not be required to issue additional
                  Letters of Credit.

                           (j)      Cash Collateralization. If any Event of
                  Default shall occur and be continuing, on the Business Day
                  that the Company receives notice from the Administrative Agent
                  (or, if the maturity of the Loans has been accelerated, Banks
                  with LC Exposure representing greater than 50% of the total LC
                  Exposure) demanding the deposit of cash collateral pursuant to
                  this paragraph, the Company shall deposit in an account with
                  the Administrative Agent, in the name of the Administrative
                  Agent and for the benefit of the Banks, an amount in cash
                  equal to the LC Exposure as of such date plus any accrued and
                  unpaid interest thereon; provided that the obligation to
                  deposit such cash collateral shall become effective
                  immediately, and such deposit shall become immediately due and
                  payable, without demand or other notice of any kind, upon the
                  occurrence of any Event of Default with respect to the Company
                  described in Section 10.11 or 10.12. Such deposit shall be
                  held by the Administrative Agent as collateral for the payment
                  and performance of the obligations of the Company under this
                  Agreement. The Administrative Agent shall have exclusive
                  dominion and control, including the exclusive right of
                  withdrawal, over such account. Other than any interest earned
                  on the investment of such deposits, which investments shall be
                  made at the option and sole discretion of the Administrative
                  Agent and at the Company's risk and expense, such deposits
                  shall not bear interest. Interest or profits, if any, on such
                  investments shall accumulate in such account. Moneys in such
                  account shall be applied by the Administrative Agent to
                  reimburse the Issuing Bank for LC Disbursements for which it
                  has not been reimbursed and, to the extent not so applied,
                  shall be held for the satisfaction of the reimbursement
                  obligations of the Company for the LC Exposure at such time
                  or, if the maturity of the Loans has been accelerated (but
                  subject to the consent of Banks with LC Exposure representing
                  greater than 50% of the total LC Exposure), be applied to
                  satisfy other obligations of the Company under this Agreement.
                  If the Company is required to provide an amount of cash
                  collateral hereunder as a result of the occurrence of an Event
                  of Default, such amount (to the extent not applied as
                  aforesaid) shall be returned to the Company within three
                  Business Days after all Events of Default have been cured or
                  waived.

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                                                                              12

                           (k)      Amendment to Article III. Article III is
         hereby amended by inserting the text "Federal Funds Rate Loans or"
         immediately before each instance of the term "Alternate Base Rate
         Loans" therein.

                           (l)      Amendment to Section 4.01. Section 4.01 is
         hereby amended by deleting the text "an administration fee pursuant to
         the terms and conditions set forth in the Agent's Fee Letter", and
         substituting therefor the text "the agreed upon administrative fees".

                           (m)      Amendment to Section 4.02. Section 4.02 is
         hereby amended by adding the following text at the end thereof:

                           "For purposes of computing Commitment Fees with
                           respect to Commitments, a Commitment of a Bank shall
                           be deemed to be used to the extent of the LC Exposure
                           of such Bank."

                           (n)      Amendment to Section 4.03. Section 4.03 is
         hereby amended by adding the text ", LC Exposure" after the text
         "Loans)", adding the text "and LC Exposure" after each instance of the
         text "outstanding Loans", and adding the text "and LC Exposure" after
         the text "(a) Loans" and after the text "(b) loans".

                           (o)      Amendment to Section 4.04. Section 4.04 is
         hereby amended by replacing the text "Swingline Exposure" with the text
         "Swingline Exposure, LC Exposure".

                           (p)      Amendment to Article IV. Article IV is
         hereby amended by inserting at the end thereof the following section:

                           SECTION 4.05. LC Participation Fees. The Company
                  agrees to pay (i) to the Administrative Agent for the account
                  of each Bank a participation fee ("LC Participation Fee") with
                  respect to its participations in Letters of Credit, which
                  shall accrue at the Margin Percentage used to determine the
                  interest rate applicable to Eurodollar Loans on the average
                  daily amount of such Bank's LC Exposure (excluding any portion
                  thereof attributable to unreimbursed LC Disbursements) during
                  the period from and including the Closing Date to but
                  excluding the later of the date on which such Bank's
                  Commitment terminates and the date on which such Bank ceases
                  to have any LC Exposure, and (ii) to the Issuing Bank a
                  fronting fee, which shall accrue at the rate or rates per
                  annum separately agreed

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                                                                              13

                  upon by the Borrower and the Issuing Bank on the average daily
                  stated amount of the Letters of Credit issued by the Issuing
                  Bank during the period from and including the Closing Date to
                  but excluding the later of the date of termination of the
                  Commitments and the date on which there ceases to be any LC
                  Exposure, as well as the Issuing Bank's standard fees with
                  respect to the issuance, amendment, renewal or extension of
                  any Letter of Credit or processing of drawings thereunder.
                  Participation fees and fronting fees accrued through and
                  including the last day of March, June, September and December
                  of each year shall be payable on the third Business Day
                  following such last day, commencing on the first such date to
                  occur after the Closing Date; provided that all such fees
                  shall be payable on the date on which the Commitments
                  terminate and any such fees accruing after the date on which
                  the Commitments terminate shall be payable on demand. Any
                  other fees payable to the Issuing Bank pursuant to this
                  paragraph shall be payable within 10 days after demand. All
                  participation fees and fronting fees shall be computed on the
                  basis of a year of 360 days and shall be payable for the
                  actual number of days elapsed (including the first day but
                  excluding the last day).

                           (q)      Amendment to Article V. Article V is hereby
         amended by adding the following text at the end thereof:

                           "The Letters of Credit will be used for general
                  corporate purposes."

                           (r)      Amendment to Exhibit 6.01. Exhibit 6.01 to
         the Credit Agreement is hereby amended by deleting such Exhibit 6.01
         and substituting therefor Exhibit 6.01 hereto.

                           (s)      Amendment to Section 6.02. Section 6.02 of
         the Credit Agreement is hereby amended by:

                           (i)      Deleting the first sentence thereof and
                  substituting therefor the following:

                                    "The Company has furnished each Bank with
                           the consolidated financial statements for the Company
                           and its Subsidiaries as at and for its fiscal year
                           ended December 31, 2001, accompanied by the opinion
                           of Deloitte & Touche, and quarterly consolidated
                           financial statements as at and for the period ended
                           March 31, 2002."

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                                                                              14

                           (ii)     Deleting "March 31, 2001" in the last
                  sentence thereof and substituting therefor "March 31, 2002".

                           (t)      Amendment to Exhibit 6.03. Exhibit 6.03 of
         the Credit Agreement is hereby amended by deleting such Exhibit 6.03
         and substituting therefor Exhibit 6.03 hereto.

                           (u)      Amendment to Section 6.14. Section 6.14 is
         hereby amended by replacing "June, 2000" with "June, 2002".

                           (v)      Amendment to Section 7.02. Section 7.02 is
         hereby amended by inserting the following text immediately following
         the first ")" in the first paragraph therein:

                           ", and of the Issuing Bank to issue Letters of
                           Credit,"

                           (w)      Amendment to Section 7.02(d). Section
         7.02(d) is hereby amended by adding the text "in all material respects"
         after both instances of the word "true".

                           (x)      Amendment to Section 8.01(a). Section
         8.01(a) of the Credit Agreement is hereby amended by deleting the
         phrase "January 1, 2002, through December 30, 2002" contained in the
         table therein and replacing it with the phrase "January 1, 2002,
         through December 31, 2002."

                           (y)      Amendment to Section 8.01(b). Section
         8.01(b) of the Credit Agreement is hereby amended by deleting the
         entire clause and substituting therefor the following:

                                    "(b) an Interest Coverage Ratio for any four
                           consecutive fiscal quarter (commencing with such
                           period ending on June 30, 2002) period of not less
                           than 2.0 to 1.0."

                           (z)      Amendment to Section 8.02. The final
         paragraph of Section 8.02 is hereby amended by deleting the third
         sentence thereof and substituting therefor the following:

                           "Together with each delivery of financial statements
         required by clause (a) above, the Company will deliver to each Bank a
         written statement of said accountants that, in conducting the audit
         necessary to the issuance of an opinion on such financial statements,
         nothing came to their attention that caused them to believe that an
         Event of Default or Default relating to financial and accounting

<PAGE>
                                                                              15

         matters (an "Accounting Event of Default or Default") had occurred, or,
         if such accountants shall have obtained knowledge of any such
         Accounting Event of Default or Default, such statement shall specify
         the nature and period of existence thereof; provided that such
         accountants shall not be liable directly or indirectly to any Bank for
         failure to obtain knowledge of any such Accounting Event of Default or
         Default; and provided further that in issuing such statement, such
         accountants shall not be required to go beyond those auditing
         procedures conducted in connection with their issuance of the opinion
         referred to above."

                           (aa)     Amendment to Exhibit 9.01(d). Exhibit
         9.01(d) of the Credit Agreement is hereby amended by deleting such
         Exhibit 9.01(d) and substituting therefor Exhibit 9.01(d) hereto.

                           (bb)     Amendment to Article X. Article X is hereby
         amended by inserting the following text immediately after both
         instances of the phrase "to make Loans" in the first paragraph thereof:

                           "and of the Issuing Bank to issue Letters of Credit".

                           (cc)     Amendment to Section 10.03. Section 10.03 is
         hereby amended by inserting the following text at the end of clause (a)
         therein:

                           "provided that a default under other Debt of the
         Company or any Restricted Subsidiary as described in this clause (a)
         shall not constitute an Event of Default under this agreement unless
         (x) the Company or such Restricted Subsidiary is aware of the default
         under such other Debt and, if no grace period of at least 3 days is
         provided for under the other Debt, 3 days have passed since the Company
         or Restricted Subsidiary became aware of such default, without the
         curing of the default or (y) such other Debt has become due prior to
         the maturity thereof; and provided further that, during the continuance
         of any applicable grace period or such 3 day period, any such failure
         to pay such other Debt when due shall constitute a Default (but not an
         Event of Default) hereunder;"

                           (dd)     Amendment to Section 12.05. Section 12.05 is
         hereby amended by inserting, immediately after the word "Commitments",
         the text ", participations in Letters of Credit".

<PAGE>
                                                                              16

                           (ee)     Amendment to Section 13.01. Section 13.01 is
         hereby amended by replacing the "and" immediately preceding the third
         clause thereof with a comma, and replacing the period immediately
         preceding the final sentence thereof with the following text:

                           "and (iv) all reasonable out-of-pocket expenses
                  incurred by the applicable Issuing Bank in connection with the
                  issuance, amendment, renewal or extension of any Letter of
                  Credit or any demand for payment thereunder."

                           (ff)     Amendment to Exhibit 13.02. Exhibit 13.02 of
         the Credit Agreement is hereby amended by deleting such Exhibit 13.02
         and substituting therefor Exhibit 13.02 hereto.

                           (gg)     Amendment to Section 13.04. Section 13.04 is
         hereby amended by replacing the text "by a Bank hereunder" with the
         following text:

                           "or issuance of any Letter of Credit by the Issuing
                  Bank (including any refusal by the Issuing Bank to honor a
                  demand for payment under a Letter of Credit if the documents
                  presented in connection with such demand do not strictly
                  comply with the terms of such Letter of Credit) hereunder",

         by inserting after the word "Loans" the text "or Letters of Credit",
         and by replacing the date "June 21, 2001" with the date "June 3,
         2002".

                           (hh)     Amendment to Section 13.07(b). Section
         13.07(b) is hereby amended by adding immediately after the phrase "a
         portion of its Commitment", the text "participations in Letters of
         Credit".

                           SECTION 2. Representations and Warranties. The
         Company hereby represents and warrants to the Administrative Agent and
         the Banks that:

                           (a)      This 2002 Amendment and Restatement has been
         duly authorized, executed and delivered by it and constitutes its
         legal, valid and binding obligations enforceable in accordance with its
         terms.

                           (b)      As of the date hereof, and after giving
         effect to this 2002 Amendment and Restatement, no Default or Event of
         Default has occurred and is continuing and the representations and
         warranties contained in the Credit

<PAGE>
                                                                              17

         Agreement, as amended and restated by this 2002 Amendment and
         Restatement, are true and correct in all material respects as if made
         on the date hereof.

                           SECTION 3. Effectiveness. The effectiveness of this
         2002 Amendment and Restatement is subject to the satisfaction on the
         date hereof of the following conditions:

                           (a)      the Administrative Agent shall have received
         executed counterparts of this 2002 Amendment and Restatement which,
         when taken together, bear the signatures of each of the parties hereto;

                           (b)      the Administrative Agent shall have received
         on behalf of the Banks from Counsel for the Company their opinion dated
         the date hereof, substantially in the form attached to the Credit
         Agreement as Exhibit 7.01(a);

                           (c)      the Administrative Agent shall have received
         on behalf of the Banks an Officer's Certificate dated the date hereof,
         substantially in the form attached to the Credit Agreement as Exhibit
         7.01(b);

                           (d)      the Administrative Agent shall have received
         all fees and other amounts payable in connection with this Agreement on
         or prior to the date hereof, including to the extent invoiced,
         reimbursement or payment of all out-of-pocket expenses required to be
         reimbursed or paid by the Company hereunder; and

                           (e)      on the date hereof, the Company shall have
         repaid, or shall repay from the initial Loans hereunder, in full the
         principal of all Loans outstanding and other amounts accrued and not
         yet paid under the Credit Agreement, and the Company shall have
         effectively terminated all the Commitments then outstanding in
         accordance with the Credit Agreement and replaced them with the
         Commitments as set forth in Schedule 2.01(a) hereto.

                           Following the satisfaction on the date hereof of the
         conditions set forth above, the Administrative Agent shall inform the
         Company in writing that this 2002 Amendment and Restatement has become
         effective.

                           SECTION 4. Counterparts. This 2002 Amendment and
         Restatement may be signed in any number of counterparts, each of which
         shall constitute an original but all of which when taken together shall
         constitute but one contract. Delivery of an executed counterpart of a
         signature page by facsimile transmission shall be effective as delivery
         of a

<PAGE>
                                                                              18

         manually executed counterpart of this 2002 Amendment and Restatement.

                           SECTION 5. APPLICABLE LAW. This 2002 Amendment and
         Restatement shall be deemed to be an agreement executed by the Company,
         the Administrative Agent, the Documentation Agents, the Syndication
         Agents and the Banks under the laws of the State of New York and of the
         United States and for all purposes shall be construed in accordance
         with, and governed by, the laws of said State and of the United States.

                           SECTION 6. Credit Agreement. As used in the Credit
         Agreement and the Exhibits thereto, (a) the terms "Agreement",
         "herein", "hereinafter", "hereunder", "hereto", and words of similar
         import shall mean, from and after the date hereof, the Credit Agreement
         as amended and restated by this 2002 Amendment and Restatement and (b)
         all references to "the date of this Agreement", "the date hereof" or
         like language shall be deemed to be references to the date of this 2002
         Amendment and Restatement.

                           SECTION 7. Expenses. The Company shall pay, in
         accordance with the provisions of Section 13.01 of the Credit
         Agreement, all reasonable out-of-pocket expenses incurred by the
         Administrative Agent and the Banks in connection with the preparation,
         negotiation, execution, delivery and enforcement of this 2002 Amendment
         and Restatement, including, but not limited to, the reasonable fees and
         disbursements of Cravath, Swaine & Moore, as well as the reasonable
         out-of-pocket expenses incurred by the arrangers hereof. The agreement
         set forth in this Section 7 shall survive the termination of this 2002
         Amendment and Restatement.

<PAGE>
                                                                              19

         IN WITNESS WHEREOF, the parties hereto have caused this 2002 Amendment
and Restatement to be duly executed by their duly authorized officers, all as of
the date and year first above written.

                                   COX RADIO, INC.,

                                     by
                                           /s/        Richard Jacobson
                                          -------------------------------------
                                          Name:  Richard Jacobson
                                          Title: Treasurer

                                   JPMORGAN CHASE BANK

                                     by
                                           /s/        Constance M. Coleman
                                          -------------------------------------
                                          Name:  Constance M. Coleman
                                          Title: Vice President

                                   BANK OF AMERICA, N.A.

                                     by
                                           /s/        Pamela S. Kurtzman
                                          -------------------------------------
                                          Name:  Pamela S. Kurtzman
                                          Title: Principal

                                   WACHOVIA BANK, N.A.

                                     by
                                           /s/        John G. Taylor
                                          -------------------------------------
                                          Name:  John G. Taylor
                                          Title: Vice President

                                   CITIBANK, N.A.

                                     by
                                           /s/        Elizabeth H. Minella
                                          -------------------------------------
                                          Name:  Elizabeth H. Minella
                                          Title: Director

<PAGE>
                                                                              20

                                   FLEET NATIONAL BANK

                                     by
                                           /s/        William Weiss
                                          -------------------------------------
                                          Name:  William Weiss
                                          Title: Vice President

                                   CREDIT SUISSE FIRST BOSTON CAYMAN
                                   ISLANDS BRANCH

                                     by
                                           /s/        Jay Chall
                                          -------------------------------------
                                          Name:  Jay Chall
                                          Title: Director

                                     by
                                           /s/        Jeffrey Bernstein
                                          -------------------------------------
                                          Name:  Jeffrey Bernstein
                                          Title: Vice President

                                   LEHMAN COMMERCIAL PAPER INC.

                                     by
                                           /s/        Michele Swanson
                                          -------------------------------------
                                          Name:  Michele Swanson
                                          Title: Authorized Signatory

                                   MERRIL LYNCH BANK USA

                                     by
                                           /s/        Louis Alder
                                          -------------------------------------
                                          Name:  Louis Alder
                                          Title: Vice President

                                   MORGAN STANLEY BANK

                                     by
                                           /s/        Jaap L. Tonckens
                                          -------------------------------------
                                          Name:  Jaap L. Tonckens
                                          Title: Vice President

<PAGE>
                                                                              21

                                   SUNTRUST BANK

                                     by

                                           /s/        Thomas C. Palmer
                                          -------------------------------------
                                          Name:  Thomas C. Palmer
                                          Title: Managing Director

                                   THE BANK OF NEW YORK

                                     by
                                           /s/        Cynthia L. Rogers
                                          -------------------------------------
                                          Name:  Cynthia L. Rogers
                                          Title: Vice President

                                   COMMERZBANK NEW YORK AND CAYMAN
                                   ISLAND BRANCHES

                                     by
                                           /s/        David Suttles
                                          -------------------------------------
                                          Name:  David Suttles
                                          Title: Vice President

                                     by
                                           /s/        Lee Ward
                                          -------------------------------------
                                          Name:  Lee Ward
                                          Title: Assistant Vice President

                                   DRESDNER BANK AG, NEW YORK AND GRAND
                                   CAYMAN BRANCHES

                                     by
                                           /s/        Michael S. Greenberg
                                          -------------------------------------
                                          Name:  Michael S. Greenberg
                                          Title: Vice President

                                     by

                                           /s/        William E. Lambert
                                          -------------------------------------
                                          Name:  William E. Lambert
                                          Title: Vice President

                                   MIZUHO CORPORATE BANK, LTD.

                                     by
                                           /s/        Raymond Ventura
                                          -------------------------------------
                                          Name:  Raymond Ventura
                                          Title: Senior Vice President

<PAGE>
                                                                              22

                                   UBS AG, STAMFORD BRANCH

                                     by
                                           /s/        Susan Brunner
                                          -------------------------------------
                                          Name:  Susan Brunner
                                          Title: Associate Director

                                     by
                                           /s/        Luke Goldsworthy
                                          -------------------------------------
                                          Name:  Luke Goldsworthy
                                          Title: Associate Director

                                   WESTDEUTSCHE LANDESBANK GIROZENTRALE

                                     by
                                           /s/        Pascal Kabemba
                                          -------------------------------------
                                          Name:  Pascal Kabemba
                                          Title: Associate Director

                                     by
                                           /s/        Richard Jacobson
                                          -------------------------------------
                                          Name:  Richard Jacobson
                                          Title: Associate Director<PAGE>
                                                                   EXHIBIT 10.3

                            SECOND AMENDMENT TO THE
                                EBANK.COM, INC.
                           1998 STOCK INCENTIVE PLAN

         WHEREAS, the Board of Directors of ebank.com, Inc., a Georgia
corporation (the "Company") approved the 1998 Stock Incentive Plan (the "Plan")
on September 1, 1998, the Office of Thrift Supervision approved the Plan on
January 25, 1999, and the shareholders of the Company approved the Plan on May
3, 1999; and

         WHEREAS, effective September 20, 1999, the Board of Directors approved
the First Amendment to the Plan; and

         WHEREAS, effective June 17, 2002, the Board of Directors approved the
following amendment to the Plan;

         NOW, THEREFORE, the Plan is hereby amended as follows:

         1.       Amendment. The first paragraph of Section 5.1 of the Plan is
amended to read as follows:

         5.1      Limitations. The maximum number of shares that may be issued
hereunder shall initially be 220,000. The amount of Stock subject to the Plan
shall be increased as of September 20, 1999 and thereafter through and until
June 30, 2002 shall automatically be increased each time the Company issues
additional shares of Stock so that the total number of shares issuable
hereunder shall at all times equal 15% of the then outstanding shares of Stock
(rounded down to the nearest whole share), unless in any case the Board of
Directors adopts a resolution providing that the number of shares issuable
under this Plan shall not be so increased. If for any reason the total number
of shares issuable under this Plan exceeds 15% of the then outstanding shares
of Stock at any time prior to August 17, 2001 (the third anniversary of the
commencement of operations of Commerce Bank), then the number of shares
issuable under this Plan shall automatically be reduced to equal 15% of the
then outstanding shares of Stock (but only to the extent the shares are not
issuable pursuant to outstanding Options), unless the Company obtains approval
from the Office of Thrift Supervision that such a reduction is not required.
Notwithstanding the above, through and until June 30, 2002, the total number of
shares of Stock issuable pursuant to Incentive Stock Options may not be
increased to more than 220,000 (other than pursuant to antidilution
adjustments) without shareholder approval. Commencing on July 1, 2002 and
annually thereafter until July 1, 2008 (each such July 1 referred to herein as
an "Adjustment Date"), the maximum number of shares of Stock that may be issued
hereunder, whether pursuant to Incentive Stock Options or non-Incentive Stock
Options, shall not exceed (in the aggregate) the sum (the "Adjusted Maximum
Shares") of:

         (i) the maximum number of shares of Stock that may be issued hereunder
in accordance with the terms hereof as of the date immediately preceding such
applicable Adjustment Date (the "Pre-Adjustment Maximum Shares"), and

         (ii) the least or lesser (the "Added Shares") of:

                  (A) such number of shares by which (I) 15% of the outstanding
                  shares of Stock as of such applicable Adjustment Date
                  (rounded down to the nearest whole share), exceeds (II) the
                  Pre-Adjustment Maximum Shares (if the foregoing calculation
                  in this subparagraph (A) results in a negative number, the
                  result of such calculation shall be deemed to be zero for
                  purposes of this formula),

<PAGE>

                  (B) two million (2,000,000) shares of Stock (provided that
                  such number of shares shall be adjusted at the same time as,
                  and comparably and proportionately with, each and every
                  antidilution adjustment in the Shares made under Section 5.2
                  hereof), and

                  (C) such number of shares of Stock (which number shall be
                  less than each of (A) and (B)) as determined by the Board
                  with respect to such applicable Adjustment Date, if the Board
                  chooses, in its discretion, to determine any such lesser
                  number with respect to such applicable Adjustment Date.

In addition, the number of shares that may be issued hereunder shall be subject
to any antidilution adjustment pursuant to the provisions of Section 5.2
hereof. Any or all shares of Stock subject to the Plan may be issued in any
combination of Incentive Stock Options or non-Incentive Stock Options. Shares
subject to an Option may be either authorized and unissued shares or shares
issued and later acquired by the Company. The shares covered by any unexercised
portion of an Option that has terminated for any reason (except as set forth in
the following paragraph) may again be optioned under the Plan, and such shares
shall not be considered as having been optioned or issued in computing the
number of shares of Stock remaining available for option hereunder.

         2.       Approval.  Except as  hereinabove  amended and  modified,  the
Plan is approved,  ratified,  and affirmed  without further modification or
amendment.

         IN WITNESS WHEREOF, the Company has caused this Amendment to be
executed as of June 17, 2002, in accordance with the authority provided by the
Board of Directors.

                                 ebank.com, Inc.

                                 By:  /s/ James L. Box
                                    -----------------------
                                        James L. Box
                                        President and Chief Executive Officer

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