Document:

Exhibit
10.1

 

AMENDMENT NO. 2

 

AMENDMENT NO. 2
dated as of October 13, 2000 among HISPANIC BROADCASTING CORPORATION, formerly
known as Heftel Broadcasting Corporation (the “Borrower”); the
SUBSIDIARY GUARANTORS listed on the signature pages hereto; and the LENDERS
listed on the signature pages hereto (the “Lenders”).

 

The Borrower, the
Subsidiary Guarantors, the Lenders and The Chase Manhattan Bank, as
administrative agent, are parties to a Credit Agreement dated as of February
14, 1997 (as heretofore modified and supplemented and in effect on the date
hereof, the “Credit Agreement”) providing, subject to the terms and
conditions thereof, for extensions of credit to be made by said Lenders to the
Borrower.  The Borrower, the Subsidiary
Guarantors and the Lenders wish to amend the Credit Agreement in certain
respects, and accordingly, the parties hereto hereby agree as follows:

 

Section 1.  Definitions.  Except as otherwise defined in this
Amendment No. 2, terms defined in the Credit Agreement (as amended hereby)
are used herein as defined therein.

 

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent specified
in Section 4 below, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

 

2.01.  References in the Credit Agreement
(including references to the Credit Agreement as amended hereby) to “this
Agreement” (and indirect references such as “hereunder”, “hereby”, “herein” and
“hereof”) shall be deemed to be references to the Credit Agreement as amended
hereby.

 

2.02.  Section 7.17 of the Credit Agreement shall
be amended by adding the following paragraph immediately following the second
paragraph thereof:

 

“In
addition to the foregoing, the Borrower may, commencing with the effectiveness
of the amendments contemplated by Amendment No. 2 hereto and without reduction
of the Restricted Payment Basket, repurchase shares of its Capital Stock for
consideration in an aggregate amount up to but not exceeding $150,000,000.”

 

Section 3.  Representations and Warranties.  The Borrower represents and warrants to the
Lenders that the representations and warranties set forth in Article IV of the
Credit Agreement are true and complete on the date hereof as if made on and as
of the date hereof and as if each reference in said Article IV to the Credit
Agreement included reference to the Credit Agreement as amended by this
Amendment No. 2.

 

 

Section 4.  Conditions Precedent.  As provided in Section 2 above, the
amendments to the Credit Agreement set forth in said Section 2 shall
become effective, as of the date hereof, upon the execution and delivery by
each of the Borrower, the Subsidiary Guarantors, and Lenders representing
Required Lenders.

 

Section 5.    Miscellaneous.  Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect.  This Amendment No. 2 may be executed in
any number of counterparts, all of which taken together shall constitute one
and the same amendatory instrument and any of the parties hereto may execute
this Amendment No. 2 by signing any such counterpart.  This Amendment No. 2 shall be governed
by, and construed in accordance with, the law of the State of New York.

 

2

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly
executed and delivered as of the day and year first above written.

 

 

	
   

  	
  HISPANIC
  BROADCASTING

  CORPORATION (formerly known as Heftel

  Broadcasting Corporation)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
        /s/
  Jeffrey T. Hinson

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President
  and

  
	
   

  	
   

  	
   

  	
  Chief Financial Officer

  
					

 

	
  SUBSIDIARY GUARANTORS

  
	
   

  	
   

  
	
   

  	
  HBC BROADCASTING
  TEXAS, L.P.

  
	
   

  	
  By HBC GP Texas, Inc.,

  its general partner

  
	
   

  	
  HBC FLORIDA, INC.

  
	
   

  	
  HBC HOUSTON LICENSE
  CORP.

  
	
   

  	
  HBC ILLINOIS, INC.

  
	
   

  	
  HBC INVESTMENTS, INC.

  
	
   

  	
  HBC-LAS VEGAS, INC.

  
	
   

  	
  HBC LICENSE CORP.

  
	
   

  	
  HBC LOS ANGELES, INC.

  
	
   

  	
  HBC NETWORK, INC.

  
	
   

  	
  HBC NEW YORK, INC.

  
	
   

  	
  HBC PHOENIX, INC.

  
	
   

  	
  HBC SAN DIEGO, INC.

  
	
   

  	
  HBC TOWER COMPANY, INC.

  
	
   

  	
  HBCi, INC.

  
	
   

  	
  KCYT-FM LICENSE CORP.

  
	
   

  	
  KECS-FM LICENSE CORP.

  
	
   

  	
  KESS-AM LICENSE CORP.

  
	
   

  	
  KESS-TV LICENSE CORP.

  
	
   

  	
  KHCK-FM LICENSE CORP.

  
	
   

  	
  KICI-AM LICENSE CORP.

  
	
   

  	
  KICI-FM LICENSE CORP.

  
	
   

  	
  KLSQ-AM LICENSE CORP.

  
	
   

  	
  KLVE-FM LICENSE CORP.

  
	
   

  	
  KMRT-AM LICENSE CORP.

  
	
   

  	
  KTNQ-AM LICENSE CORP.

  

 

3

 

	
   

  	
  LA OFERTA, INC.

  
	
   

  	
  LICENSE CORP. NO. 1

  
	
   

  	
  LICENSE CORP. NO. 2

  
	
   

  	
  MI CASA PUBLICATIONS, INC.

  
	
   

  	
  MOMENTUM RESEARCH, INC.

  
	
   

  	
  SPANISH COAST-TO-COAST,
  LTD.

  
	
   

  	
  TC TELEVISION, INC.

  
	
   

  	
  TICHENOR LICENSE
  CORPORATION

  
	
   

  	
  TMS ASSETS CALIFORNIA,
  INC.

  
	
   

  	
  TMS LICENSE CALIFORNIA,
  INC.

  
	
   

  	
  WADO RADIO, INC.

  
	
   

  	
  WADO-AM LICENSE CORP.

  
	
   

  	
  WLXX-AM LICENSE CORP.

  
	
   

  	
  WPAT-AM LICENSE CORP.

  
	
   

  	
  WQBA-AM LICENSE CORP.

  
	
   

  	
  WQBA-FM LICENSE CORP.

  

 

 

	
   

  	
  By

  	
  /s/

  	
   Jeffrey T. Hinson

  	
   

  
	
   

  	
   

  	
  Title:

  	
   Senior Vice President and

  
	
   

  	
   

  	
   

  	
   Chief Financial Officer

  

 

4

 

LENDERS

 

	
  ABN AMRO BANK N.V.

  	
  BANK OF HAWAII

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Laurie C. Tuzo

  	
   

  	
  By

  	
       /s/
  Luke Yeh

  	
   

  
	
   

  	
  Title: Senior Vice
  President

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Eric R. Hollingsworth 

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  
	
  BANK OF MONTREAL

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Karen Klapper 

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Title: Director

  	
   

  	
  Title:

  
	
   

  	
   

  
	
  THE BANK OF NOVA SCOTIA

  	
  THE CHASE MANHATTAN
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Paul Weissenberger

  	
   

  	
  By

  	
       /s/
  Tracey Navin Ewing 

  	
   

  
	
   

  	
  Title: Director

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
  CIBC, INC.

  	
  CREDIT AGRICOLE
  INDOSUEZ

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  M. Beth Miller

  	
   

  	
  By 

  	
       /s/
  John McClasky

  	
   

  
	
   

  	
  Title: Authorized
  Signatory

  	
   

  	
  Title: First Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
       /s/
  Mark J. Whitman

  	
   

  
	
   

  	
   

  	
  Title: Assistant Vice
  President

  
	
   

  	
   

  
	
  FLEET BANK, N.A.

  	
  MELLON BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Lisa Pellow

  	
   

  	
  By

  	
       /s/
  Alexander M. Gordon

  	
   

  
	
   

  	
  Title: Managing
  Director

  	
   

  	
  Title: Assistant Vice
  President

  

 

5

 

	
  MICHIGAN NATIONAL BANK

  	
  SUNTRUST
  BANK, CENTRAL

  FLORIDA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/
  Draga Palincas

  	
   

  	
  By

  	
       /s/
  Kimberly S. Evans

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
  Title: Director

  
	
   

  	
   

  
	
  TORONTO DOMINION
  (TEXAS), INC.

  	
  UNION BANK OF
  CALIFORNIA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
  By

  	
       /s/
  Christina Moore

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Title: Assistant Vice
  President

  

 

6Exhibit
10.2

 

AMENDMENT NO. 3

 

AMENDMENT NO. 3
dated as of May 2, 2003 among HISPANIC BROADCASTING CORPORATION, formerly known
as Heftel Broadcasting Corporation (the “Borrower”); the SUBSIDIARY
GUARANTORS listed on the signature pages hereto; and the LENDERS listed on the
signature pages hereto (the “Lenders”).

 

The Borrower, the
Subsidiary Guarantors, the Lenders and The Chase Manhattan Bank, as
administrative agent, are parties to a Credit Agreement dated as of February
14, 1997 (as heretofore modified and supplemented and in effect on the date
hereof, the “Credit Agreement”) providing, subject to the terms and
conditions thereof, for extensions of credit to be made by said Lenders to the
Borrower.  The Borrower, the Subsidiary
Guarantors and the Lenders wish to amend the Credit Agreement in certain
respects, and accordingly, the parties hereto hereby agree as follows:

 

Section 1.  Definitions.  Except as otherwise defined in this
Amendment No. 3, terms defined in the Credit Agreement (as amended hereby)
are used herein as defined therein.

 

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent specified
in Section 4 below, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

 

2.01.  References in the Credit Agreement
(including references to the Credit Agreement as amended hereby) to “this
Agreement” (and indirect references such as “hereunder”, “hereby”, “herein” and
“hereof”) shall be deemed to be references to the Credit Agreement as amended hereby.

 

2.02.  Clause (vi) of the definition of “Permitted
Lien” in Section 1.01 of the Credit Agreement shall be amended by replacing the
dollar amount of “$5,000,000” therein with the dollar amount “$35,000,000”.

 

2.03.  Section 7.01(d) shall be amended by by
replacing dollar amount of “$5,000,000” therein with the dollar amount
“$35,000,000”.

 

Section 3.  Representations and Warranties.  The Borrower represents and warrants to the
Lenders that the representations and warranties set forth in Article IV of the
Credit Agreement are true and complete on the date hereof as if made on and as
of the date hereof and as if each reference in said Article IV to the Credit
Agreement included reference to the Credit Agreement as amended by this
Amendment No. 3.

 

Section 4.  Conditions Precedent.  As provided in Section 2 above, the
amendments to the Credit Agreement set forth in said Section 2 shall
become effective, as of the date hereof, upon the execution and delivery by
each of the Borrower, the Subsidiary Guarantors, and Lenders representing
Required Lenders.

 

 

Section 5.    Miscellaneous.  Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect.  This Amendment No. 3 may be executed in
any number of counterparts, all of which taken together shall constitute one
and the same amendatory instrument and any of the parties hereto may execute
this Amendment No. 3 by signing any such counterpart.  This Amendment No. 3 shall be governed
by, and construed in accordance with, the law of the State of New York.

 

2

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly
executed and delivered as of the day and year first above written.

 

 

	
   

  	
  HISPANIC BROADCASTING

  CORPORATION (formerly known as Heftel

  Broadcasting Corporation)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
        /s/
  Tim P. Ward

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President and

  
	
   

  	
   

  	
   

  	
  Treasurer

  
					

 

	
  SUBSIDIARY GUARANTORS

  
	
   

  	
   

  
	
   

  	
  HBC BROADCASTING
  TEXAS, L.P.

  
	
   

  	
  By HBC GP Texas, Inc.,

  its general partner

  
	
   

  	
  HBC FLORIDA, INC.

  
	
   

  	
  HBC HOUSTON LICENSE
  CORP.

  
	
   

  	
  HBC INVESTMENTS, INC.

  
	
   

  	
  HBC-LAS VEGAS, INC.

  
	
   

  	
  HBC LICENSE CORP.

  
	
   

  	
  HBC LOS ANGELES, INC.

  
	
   

  	
  HBC NETWORK, INC.

  
	
   

  	
  HBC NEW YORK, INC.

  
	
   

  	
  HBC PHOENIX, INC.

  
	
   

  	
  HBC SAN DIEGO, INC.

  
	
   

  	
  HBC TOWER COMPANY, INC.

  
	
   

  	
  HBCi, INC.

  
	
   

  	
  KCYT-FM LICENSE CORP.

  
	
   

  	
  KECS-FM LICENSE CORP.

  
	
   

  	
  KESS-AM LICENSE CORP.

  
	
   

  	
  KESS-TV LICENSE CORP.

  
	
   

  	
  KHCK-FM LICENSE CORP.

  
	
   

  	
  KICI-AM LICENSE CORP.

  
	
   

  	
  KICI-FM LICENSE CORP.

  
	
   

  	
  KLSQ-AM LICENSE CORP.

  
	
   

  	
  KLVE-FM LICENSE CORP.

  
	
   

  	
  KMRT-AM LICENSE CORP.

  
	
   

  	
  KTNQ-AM LICENSE CORP.

  
	
   

  	
  LA OFERTA, INC.

  

 

3

 

	
   

  	
  LICENSE CORP. NO. 1

  
	
   

  	
  LICENSE CORP. NO. 2

  
	
   

  	
  MI CASA PUBLICATIONS, INC.

  
	
   

  	
  MOMENTUM RESEARCH, INC.

  
	
   

  	
  SPANISH COAST-TO-COAST,
  LTD.

  
	
   

  	
  TC TELEVISION, INC.

  
	
   

  	
  TICHENOR LICENSE
  CORPORATION

  
	
   

  	
  TMS ASSETS CALIFORNIA,
  INC.

  
	
   

  	
  TMS LICENSE CALIFORNIA,
  INC.

  
	
   

  	
  WADO RADIO, INC.

  
	
   

  	
  WADO-AM LICENSE CORP.

  
	
   

  	
  WLXX-AM LICENSE CORP.

  
	
   

  	
  WPAT-AM LICENSE CORP.

  
	
   

  	
  WQBA-AM LICENSE CORP.

  
	
   

  	
  WQBA-FM LICENSE CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
  /s/  Tim P. Ward

  	
   

  	 

	
   

  	
   

  	
   

  	
  Tim Ward

  	 

	
   

  	
   

  	
   

  	
  Vice President and
  Treasurer

  	 

	
   

  	
   

  	
   

  	
  All above entities

  	 

	
   

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
  HBC ILLINOIS, INC.

  	 

	
   

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
  By

  	
   

  	
  /s/ Jerry Ryan

  	
   

  	 

	
   

  	
   

  	
   

  	
  Jerry Ryan

  	 

	
   

  	
   

  	
   

  	
  President

  	 

	
   

  	
   

  	
   

  	
  HBC ILLINOIS, INC.

  	 

 

4

 

LENDERS

 

	
  ABN AMRO BANK N.V.

  	
  BANK OF HAWAII

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
  BANK OF MONTREAL

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/  Bruce R. Pietka

  	
   

  	
  By

  	
       /s/  Kristen E. Talaber

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
  THE BANK OF NOVA SCOTIA

  	
  THE CHASE MANHATTAN
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/  John W. Campbell

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Title: Authorized
  Signatory

  	
   

  	
  Title:

  
	
   

  	
   

  
	
  CIBC, INC.

  	
  CREDIT AGRICOLE
  INDOSUEZ

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/  Joan S. Griffin

  	
   

  	
  By 

  	
       /s/  Laurence F. Grant

  	
   

  
	
   

  	
  Title: Executive
  Director

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
       /s/  Phillip J. Salter

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
  FLEET BANK, N.A.

  	
  MELLON BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/  Dennis Hamboyan

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Title: Managing
  Director

  	
   

  	
  Title:

  

 

5

 

	
  MICHIGAN NATIONAL BANK

  	
  SUNTRUST
  BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
  By

  	
       /s/  William C. Washburn, Jr.

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
  TORONTO DOMINION
  (TEXAS), INC.

  	
  UNION BANK OF
  CALIFORNIA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
       /s/  Carol Brandt

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  
	
  BANK OF SCOTLAND

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
       /s/  Joseph Fratus

  	
   

  	
   

  	
   

  
	
   

  	
  Title: First Vice
  President

  	
   

  	
   

  

 

6

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