Document:

EX-10.46 ERRATUM TO ADELPHIA/COMCAST ORDER 7-27-06

 

Exhibit 10.46

Federal Communications Commission

Before the

Federal Communications Commission

Washington, D.C. 20554

	 	 	 	 	 	 	 	 	 
	In the Matter of
	 	 	)	 	 	 	 	 
	 
	 	 	)	 	 	 	 	 
	Applications for Consent to the Assignment
	 	 	)	 	 	 	 	 
	and/or Transfer of Control of Licenses
	 	 	)	 	 	MB Docket No. 05-192

	 
	 	 	)	 	 	 	 	 
	Adelphia Communications Corporation,
	 	 	)	 	 	 	 	 
	(and subsidiaries, debtors-in-possession),
	 	 	)	 	 	 	 	 
	Assignors,
	 	 	)	 	 	 	 	 
	                    to
	 	 	)	 	 	 	 	 
	Time Warner Cable Inc. (subsidiaries),
	 	 	)	 	 	 	 	 
	Assignees;
	 	 	)	 	 	 	 	 
	 
	 	 	)	 	 	 	 	 
	Adelphia Communications Corporation,
	 	 	)	 	 	 	 	 
	(and subsidiaries, debtors-in-possession),
	 	 	)	 	 	 	 	 
	Assignors and Transferors,
	 	 	)	 	 	 	 	 
	                    to
	 	 	)	 	 	 	 	 
	Comcast Corporation (subsidiaries),
	 	 	)	 	 	 	 	 
	Assignees and Transferees;
	 	 	)	 	 	 	 	 
	 
	 	 	)	 	 	 	 	 
	Comcast Corporation, Transferor,
	 	 	)	 	 	 	 	 
	                    to
	 	 	)	 	 	 	 	 
	Time Warner Inc., Transferee;
	 	 	)	 	 	 	 	 
	 
	 	 	)	 	 	 	 	 
	Time Warner Inc., Transferor,
	 	 	)	 	 	 	 	 
	                    to
	 	 	)	 	 	 	 	 
	Comcast Corporation, Transferee
	 	 	)	 	 	 	 	 

ERRATUM

Released: July 27, 2006                    

By the Chief, Media Bureau:

     1. On July 21, 2006, the Commission released a Memorandum Opinion and Order (FCC 06-105) in
the above-captioned proceeding. This Erratum corrects that document as indicated.

     2. The words “Comcast Communications Corporation” are corrected to read as “Comcast
Corporation” in: (1) line II.B. of the Table of Contents; (2) the heading for Section II.B.,
before paragraph 7; (3) the first sentence of paragraph one; and (4) the Definitions section of
Appendix B.

     3. The words “TWE Redemption Transaction” are corrected to read as “TWE and Time Warner Cable
Redemption Transactions” in: (1) line X.C. of the Table of Contents and (2) the heading for
Section X.C., before paragraph 309.

     4. In the second sentence of footnote 19, the word “virtually” is deleted. Also in footnote
19, the third sentence, which reads, “Separately, Adelphia will transfer a small number of
subscribers

 

 

from the Century-TCI partnerships directly to Time Warner.”, is deleted.1

     5. In the first sentence of paragraph 13, the word “Following” is amended to “Prior
to”.2 Also in paragraph 13, the last sentence, which reads, “In addition, Time Warner
Cable would pay Comcast $1.9 billion in cash.”, is amended to read, “In addition, the Time Warner
Cable subsidiary would hold $1.9 billion in cash.”

     6. In footnote 57, after the words “Public Interest Statement at 3;” the following words are
inserted, “id. at Ex. A, Asset Purchase Agreement between Adelphia Communications Corp. and Time
Warner NY Cable LLC, Section 2.8, at 53”. Also in footnote 57, the word “segment” is
deleted.3

     7. In the first sentence of paragraph 14, the word “Next” is deleted and the first letter of
the word “under” is capitalized. Also in paragraph 14, the last sentence, which reads, “In
addition, TWE would pay $133 million in cash to Comcast.”, is amended to read, “In addition, the
limited liability company would hold $133 million in cash.”

     8. In the first sentence of paragraph 22, the word “related” is deleted.

     9. In the last sentence of paragraph 46, the words “and certain other systems acquired from
Adelphia” are deleted.4

     10. In paragraph 54, in the seventh sentence, the words “prior to the closing date of the
transactions,” are amended to read, “within 90 days after consummation of the transactions” and the
words “will be in compliance with the requirements of section 76.504 after the transactions.” are
amended to read, “is in compliance with the requirements of section 76.504.”

     11. In footnote 877, the word “received” is changed to “retained”.

     12. In the first sentence of paragraph 289, the words “in exchange for certain cable systems
and cash” are amended to “in exchange for subsidiaries holding certain cable systems and cash”.

     13. In footnote 911, the two references to “Time Warner” are amended to “Time Warner Cable” in
the sentence that begins “Such assets include . . . .” In the second sentence of paragraph 309,
the two references to “Time Warner” are amended to “Time Warner Cable”.

 

			
	1	 	See Letter from Michael H. Hammer,
Willkie Farr & Gallagher LLP, to Marlene H. Dortch, Secretary, FCC (July 25,
2006) (“July 25, 2006 Ex Parte”) at 2 (clarifying the record and
indicating that representations in the Public Interest statement relating to
footnote 19 and paragraph 46 of the Order are incorrect); Letter from Michael
H. Hammer, Willkie Farr & Gallagher LLP, to Marlene H. Dortch, Secretary, FCC
(July 26, 2006) (“July 26, 2006 Ex Parte”) at 1-2 (indicating that
Adelphia’s Dec. 12, 2005 Response to Information Request was incorrect with
respect to CUID CA1617 and further correcting and clarifying the record).
	 
	2	 	See July 26, 2006 Ex Parte at 1.
	 
	3	 	See July 25, 2006 Ex Parte, Att. at 2
(requesting deletion of the word “segment,” which appeared in the
title to the attachment to the letter from Arthur H. Harding, Fleischman and
Walsh, L.L.P., Counsel for Time Warner Inc., to Marlene H. Dortch, Secretary,
FCC (March 23, 2006)).
	 
	4	 	See July 25, 2006 Ex Parte at 2
(indicating that identical language in the Public Interest Statement is
incorrect).

2

 

     14. In the fifth sentence of paragraph 310, the word “partnership” is amended to “Interest”.
In the sixth sentence of paragraph 310, the words “unwinding of TWE” are amended to “unwinding of
the TWE Interest”.

     15. In paragraph 314, the words “within 60 days of consummation” are amended to read “within
60 days after consummation”.

     16. Paragraph 315 is amended to read “IT IS FURTHER ORDERED that within 90 days after
consummation of the transactions, Time Warner and Comcast each provide to the Office of the
Secretary of the Commission an affidavit, signed by a competent officer of the companies,
certifying without qualification that the requirements of section 76.504 of the Commission’s rules,
47 C.F.R. § 76.504, have been satisfied.”

     17. This action is taken under delegated authority pursuant to section 0.283 of the
Commission’s rules.5

FEDERAL COMMUNICATIONS COMMISSION

Donna C. Gregg

Chief, Media Bureau

 

			
	5	 	47 C.F.R. § 0.283.

3<PAGE>

                                                                     Exhibit 4.1

                                                                      REGISTERED

                       AMERICAN INTERNATIONAL GROUP, INC.

     MEDIUM-TERM NOTES, SERIES [G] [AIG-FP] [MP, MATCHED INVESTMENT PROGRAM]

                            (FORM OF FIXED RATE NOTE)

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OR TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 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.

NO.: _________________________________

ORIGINAL ISSUE DATE: _________________   PRINCIPAL AMOUNT: _____________________

INTEREST RATE: _______________________   MATURITY DATE: ________________________

     AMERICAN INTERNATIONAL GROUP, INC. a corporation duly organized and
existing under the laws of Delaware (herein called the "Company", which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to Cede & Co. or registered assigns,
the principal amount shown above on the Maturity Date shown above, and to pay
interest thereon from the Original Issue Date shown above or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, on the interest payment dates in each year, commencing on the first
Interest Payment Date succeeding the Original Issue Date of this Security, at
the interest rate per annum

<PAGE>

shown above, until the principal hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be [__] or [__] (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in said
Indenture.

     Payment of the principal of (and premium, if any) and interest on this
Security will be made at the office or agency of the Company maintained for that
purpose in the Borough of Manhattan, The City of New York, in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts; provided, however, that at the
option of the Company payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the
Security Register.

     Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

     Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof, by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                    (Face of Security continued on next page)

                                       -2-

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

DATED: October __, 2006

                                        AMERICAN INTERNATIONAL GROUP, INC.

                                        By:
                                            ------------------------------------
                                        Name: Steven J. Bensinger
                                        Title: Executive Vice President and
                                               Chief Financial Officer

                                        Attest:
                                                --------------------------------
                                        Name: Kathleen E. Shannon
                                        Title: Senior Vice President and
                                               Secretary

DATED: October __, 2006

TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the
series designated therein referred to in
the within-mentioned Indenture.

                                        THE BANK OF NEW YORK, as Trustee

                                        By:
                                            ------------------------------------
                                            Authorized Signatory

                                       -3-

<PAGE>

                       AMERICAN INTERNATIONAL GROUP, INC.

    FIXED RATE MEDIUM-TERM NOTES, SERIES [G] [AIG-FP] [MP, MATCHED INVESTMENT
                                    PROGRAM]

     This Security is one of a duly authorized series of securities of the
Company, issued and to be issued in one or more series under an Indenture dated
as of October 12, 2006 (herein called the "Indenture"), between the Company and
The Bank of New York, as Trustee (herein called the "Trustee", which term
includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Securities and the terms upon
which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof (herein called the
"Securities"), which is limited in aggregate principal amount to [__].

     The Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Security or certain restrictive covenants and Events of
Default with respect to this Security, in each case upon compliance with certain
conditions set forth in the Indenture.

     If an Event of Default with respect to Securities of this series shall
occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture.

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, the Holder
of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for
any other remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee
shall not have received from the Holders of a majority in principal amount of
Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60
days after receipt of

                  (Reverse of Security continued on next page)

                                       -4-

<PAGE>

such notice, request and offer of indemnity. The foregoing shall not apply to
any suit instituted by the Holder of this Security for the enforcement of any
payment of principal hereof or any premium or interest hereon on or after the
respective due dates expressed herein.

     No reference herein to the Indenture and no provision of this Security or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and any premium and interest
on this Security at the times, place and rate, and in the coin or currency,
herein prescribed.

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Security is registrable in the Security Register,
upon surrender of this Security for registration of transfer at the office or
agency of the Company in any place where the principal of and any premium and
interest on this Security are payable, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series
and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

     The Securities of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiples of $1,000 thereof.
As provided in the Indenture and subject to certain limitations therein set
forth, Securities of this series are exchangeable for a like aggregate principal
amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

     All terms used in this Security which are defined in the Indenture shall
have the meanings assigned to them in the Indenture.

                                   ----------

                                       -5-

<PAGE>

                                  ABBREVIATIONS

     The following abbreviations, when used in the inscription on the face of
this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM -- as tenants in common    UNIF GIFT MIN ACT -- ______ Custodian _______
TEN ENT -- as tenants by the                            (Cust)           (Minor)
           entireties
JT TEN  -- as joint tenants with                        Under Uniform Gifts to
           right of survivorship                        Minors Act _____________
           and not as tenants                                      (State)
           in common

     Additional abbreviations may also be used though not in the above list.

                                   ----------

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE

______________________________________

________________________________________________________________________________
      PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE
                                   OF ASSIGNEE

________________________________________________________________________________
the within Security and all rights thereunder, hereby irrevocably constituting
and appointing

_______________________________________________________________________ attorney
to transfer said Security on the books of the Company, with full power of
substitution in the premises.

Dated: ____________________        _____________________________________________
                                   NOTICE: The signature to this assignment must
                                   correspond with the name as written upon the
                                   face of the within instrument in every
                                   particular, without alteration or enlargement
                                   or any change whatever.

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