Document:

exv10w03

 

Exhibit 10.03

The following Indemnity Agreement is
identical in terms for all members of the Company's Board of
Directors. The current Directors to which this Indemnity Agreement
applies are as
follows:

	 	 	 
	Maynard L. Jenkins Jr.

James G. Bazlen

James O. Egan

Morton Godlas

Terilyn A. Henderson

Charles K. Marquis

Simon Moore	 	
Christopher J. Stadler

Savio W. Tung

The Indemnity Agreement also was
previously executed with the following former directors who resigned
during the third quarter or subsequent to the end of the third
quarter ended November 3, 2002:

	 	 	 
	Frederick Rowan

Robert Smith

Jules Trump

Eddie Trump

 

 

Exhibit 10.03

INDEMNITY AGREEMENT

     AGREEMENT dated as of                , 20XX by and between CSK AUTO
CORPORATION, a Delaware corporation (the “Corporation”), and the undersigned
(the “Indemnitee”).

RECITALS

     The Indemnitee is a director and/or officer of the Corporation and/or an
Affiliate Indemnitee (as hereafter defined). Both the Corporation and the
Indemnitee recognize the increased risk of litigation and other claims being
asserted against directors and officers in today’s environment.

     Article VIII of the Restated Certificate of Incorporation of the
Corporation requires the Corporation to indemnify its directors and officers as
currently provided therein, and the Indemnitee has been serving and continues
to serve as a director and/or officer of the Corporation in part in reliance on
such provision. The Restated Certificate of Incorporation of the Corporation
permits the Corporation to purchase and maintain insurance or to furnish
similar protection or make other arrangements (any such insurance, protection
or arrangement, an “Indemnification Arrangement”) on behalf of the Indemnitee
against personal liability (including, but not limited to, providing for
Advanced Amounts as hereafter defined), asserted against him or incurred by or
on behalf of him in such capacity as a director or officer of the Corporation
or as an Affiliate Indemnitee, or arising out of his status as such, whether or
not the Corporation would have the power to indemnify him against such
liability under the provisions of this Agreement or under the Delaware General
Corporation Law (the “DGCL”), as it may then be in effect.

     In part to provide the Indemnitee with specific contractual assurance of
substantial protection against personal liability (regardless of, among other
things, any amendment to or revocation of the aforementioned provisions of the
Corporation’s Restated Certificate of Incorporation or any change in the
composition of the Corporation’s Board of Directors or control of the
Corporation), the Corporation desires to enter into this Agreement. DGCL
Section 145(f) expressly recognized that the indemnification provisions of the
DGCL are not exclusive of any other rights to which a person seeking
indemnification may be entitled under the Certificate of Incorporation or
Bylaws of the Corporation, or an agreement providing for indemnification, or a
resolution of stockholders or directors, or otherwise, and Article VIII of the
Restated Certificate of Incorporation of the Corporation expressly recognizes
that the indemnification provisions of the Restated Certificate of
Incorporation of the Corporation shall be deemed exclusive of, and shall not
affect, any other rights to which a person seeking indemnification may be
entitled under any agreement, and this Agreement is being entered into pursuant
to the Restated Certificate of Incorporation of the Corporation as permitted by
the DGCL as authorized by the stockholders of the Corporation.

     In order to induce the Indemnitee to serve as a director and/or officer of
the Corporation and in consideration of the Indemnitee’s so serving, the
Corporation desires to hold harmless and indemnify the Idemnitee and to make
arrangements pursuant to which the Indemnitee may be advanced or reimbursed
expenses incurred by the Indemitee in certain proceedings, in every case to the
fullest extent authorized or permitted by the DGCL or any other applicable law,
or by any amendment thereof or other statutory provisions authorizing or
permitting such indemnification which are adopted after the date hereof (but,
in the case of any such amendment, only to the extent that such amendment
permits the corporation to provide broader indemnification rights than the DGCL
or other applicable law permitted the Corporation to provide prior to such
amendment).

     NOW THEREFORE, in consideration of the foregoing recitals and of the
Indemnitee’s continuing to serve the Corporation as a director and/or officer,
the parties agrees as follows:

     1.     Indemnification. To the fullest extent allowed by law, the Corporation
shall hold harmless and indemnify the Indemnitee, his executors, administrators
or assigns against any and all expenses, liabilities, and losses (including,
without limitation, investigation expenses and expert witnesses’ and attorney’
fees and expenses, judgements, penalties, fines, and amounts paid or to be paid
in settlement) actually incurred by the Indemnitee (net of any related
insurance proceeds or other amounts received by the Indemnitee or paid by or on
behalf of the Corporation on the Indemnitee’s behalf in compensation of such
expenses, liabilities or losses), in connection with any actual or threatened
action, suit or proceeding, whether civil, criminal, administrative or
investigative, to which the Indemnitee is a party or is threatened to be made a
party (a “Proceeding”), as a plaintiff, defendant, respondent or otherwise,
based upon, arising from, relating to or by reason of the fact that the
Indemnitee is, was, shall be or shall have been a director and/or officer of
the Corporation or is or was serving, shall serve or shall have served at the
request of the Corporation as a

 

 

director, officer, partner, trustee, fiduciary,
employee or agent (“Affiliate Indemnitee”) of another foreign or domestic
corporation or non-profit corporation, cooperative, partnership, joint venture,
trust, employee benefit plan, or other incorporated or unincorporated
enterprise (each, a “Company Affiliate”); provided, however, that, except as
provided in Section 8(b) hereof, the Corporation shall indemnify the Indemintee
in connection with a Proceeding initiated by the Indemnitee only if such
proceeding (or part thereof) was authorized by a majority vote of the Board of
Directors. The Indemnitee shall be presumed to be entitled to such
indemnification under this Agreement upon submission of a written claim
pursuant to Section 3 hereof. Thereafter, the Corporation shall have the burden
of proof to overcome the presumption that the Indemnitee is so entitled. Such
presumption shall only be overcome by a judgment or other final adjudication
after all appeals and all time for appeals has expired (“Final Determination”)
adverse to the Indemnitee establishing that his acts were committed in bad
faith, or were the results of active and deliberate dishonesty and were
material to the cause of action so adjudicated, or that the Indemnitee
personally gained in fact a financial profit or other advantage to which he was
not legally entitled. Neither the failure of the Corporation (including its
Board of Directors, legal counsel, or its stockholders) to have made a
determination prior to the commencement of such Proceeding that indemnification
of the Indemnitee is proper in the circumstances because such person has met
the applicable standard of conduct set forth in the DGCL, nor an actual
determination by the Corporation (including its Board of Directors, legal
counsel, or its stockholders) that the Indemnitee has not met the applicable
standard of conduct, shall be a defense to the action or create a presumption
that the Indemnitee has not met the applicable standard of conduct. The
purchase, establishment, or maintenance of any Indemnification Arrangement
shall not in any way diminish, restrict, limit or affect the rights and
obligations of the Corporation or of the Indemnitee under this Agreement except
as expressly provided herein, and the execution and delivery of this Agreement
by the Corporation and the Indemnitee shall not in any way diminish, restrict,
limit or affect the Indemnitee’s right to indemnification from the Corporation
or any other party or parties under any other Indemnification Arrangement, the
Certificate of Incorporation or Bylaws of the Corporation or the DGCL.

     2.     Insurance. Subject only to the provisions of this Section 2, as long
as the Indemnitee shall continue to serve as a director and/or officer of the
Corporation (or shall continue at the request of the Corporation to serve as an
Affiliate Indemnitee) and thereafter as long as the Indemnitee shall be subject
to any possible Proceeding by reason of the fact that the Indemnitee was a
director and/or officer of the Corporation (or served in any of said other
capacities), the Corporation will, unless no such policies are available in any
market, purchase and maintain in effect for the benefit of the Indemnitee one
or more valid, binding, and enforceable policies (the “Insurance Policies”) of
directors’ and officers’ liability insurance (“D&O Insurance”) providing
adequate liability coverage for the Indemnitee’s acts as a director and/or
officer of the Corporation or as an Affiliate Indemnitee. The Corporation shall
promptly notify the Indemnitee of any lapse, amendment or failure to renew said
policy or policies or any provisions thereof relating to the extent or nature
of coverage provided thereunder. In the event the Corporation does not purchase
and maintain in effect said policy or policies of D&O Insurance pursuant to the
provision of this Section 2, the Corporation shall, in addition to and not in
limitation of the other rights granted the Indemnitee under this Agreement,
hold harmless and indemnify the Indemnitee to the full extent of coverage which
would otherwise have been provided for the benefit of the Indemnitee pursuant
to the Insurance Policies.

     3.     Claims for Payments. The Indemnitee shall have the right to receive
from the Corporation on demand, or at his option to have the Corporation pay
promptly on his behalf, in advance of a Final Determination of a Proceeding all
amounts payable by the Corporation pursuant to the terms of this Agreement as
corresponding amounts are expended or incurred by the Indemnitee in connection
with any Proceeding or otherwise expended or incurred by the Indemnitee (such
amounts so expended or incurred being referred to as “Advanced Amounts.”) In
making any claim for payment by the Corporation of any amount, including any
Advanced Amount, pursuant to this Agreement, the Indemnitee shall submit to the
Corporation a written request for payment (a “Claim”), which includes a
schedule setting forth in reasonable detail the dollar amount expended (or
incurred or expected to be expended or incurred). Each item on such schedule
shall be supported by the bill, agreement, or other documentation relating
thereto, a copy of which shall be appended to the schedule as an exhibit.

     Where the Indemnitee is requesting Advanced Amounts, the Indemnitee must
also provide an undertaking to repay such Advanced Amounts if a Final
Determination is made that the Indemnitee is not entitled to indemnification
hereunder.

     4.     Section 16(b) Liability. The Corporation shall not be liable under
this Agreement to make any payment in connection with any claim made against
the Indemnitee for an accounting of profits made from the purchase or sale by
the Indemnitee of securities of the Corporation within the meaning of Section
16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar
provisions of any state statutory law or common law.

     5.     Continuation of Indemnity. All agreements and obligations of the
Corporation contained herein shall continue during the period the Indemnitee is
a director and/or officer of the Corporation (or is serving at the request of
the Corporation as an Affiliate Indemnitee) and shall continue thereafter so
long as the Indemnitee shall be subject to any possible Proceeding by reason of
the fact that the Indemnitee was a director or officer of the Corporation or
was serving as such an Affiliate Indemnitee.

 

 

     6.     Successors: Binding Agreements. This Agreement shall be binding on and
shall inure to the benefit of and be enforceable by the Corporation’s
successors and assigns and by the Indemnitee’s personal or legal
representatives, executors, administrators, successors, heirs, distributee,
divisees, and legatees. The Corporation shall require any successor or
assignee (whether direct or indirect, by purchase, merger, consolidation, or
otherwise) to all or substantially all of the business and/or assets of the
Corporation, by written agreement in form and substance reasonably satisfactory
to the Corporation and to the Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the
Corporation would be required to perform if no such succession or assignment
had taken place.

     7.     Notification and Defense of Claim. Promptly after receipt by the
Indemnitee of notice of the commencement of any Proceeding, the Indemnitee
shall, if a claim in respect thereof is to be made against the Corporation
under this Agreement, notify the Corporation of the commencement thereof, but
the omission so to notify the Corporation will not relieve the Corporation from
any liability which it may have to the Indemnitee. With respect to any such
Proceeding:

	 	(i)	 	The Corporation shall be entitled to participate therein at its own
expense;
	 
	 	(ii)	 	Except with prior written consent of the Indemnitee, the
Corporation shall not be entitled to assume the defense of any
Proceeding; and
	 
	 	(iii)	 	The Corporation shall not settle any Proceeding in any matter,
which would impose any penalty or limitation on the Indemnitee
without the Indemnitee’s prior written consent.

The Indemnitee shall not settle any Proceeding with respect to which the
Indemnitee has received indemnified amounts or Advanced Amounts without the
Corporation’s prior written consent, nor will the Indemnitee unreasonably
withhold consent to any proposed settlement.

     8.     Enforcement. (a) The Corporation has entered into this Agreement and
assumed the obligations imposed on the Corporation hereby in order to induce
the Indemnitee to act as a director and/or officer of the Corporation or as an
Affiliate Indemnitee, and acknowledges that the Indemnitee is relying upon this
Agreement in continuing in such capacity.

          (b) In the event the Indemnitee has requested payment of any amount under
this Agreement and has not received payment thereof within thirty (30) days of
such request, the Indemnitee may bring any action to enforce rights or collect
moneys due under this Agreement and if the Indemnitee is successful in such
action, the Corporation shall reimburse the Indemnitee for all of the
Indemnitee’s fees and expenses in bringing and pursuing such action. The
Indemnitee shall be entitled to the advancement of such amounts to the full
extent contemplated by Section 3 hereof in connection with such Proceeding.

     9.     Separability. If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable for any reason whatsoever, (i)
the validity, legality and enforceability of the remaining provisions of this
Agreement (including, without limitation, all portions of any sections or
subsections of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby, and (ii)
to the fullest extent possible, the provisions of any sections or subsections
of this Agreement containing any such provisions held to be invalid, illegal,
or unenforceable, that are not themselves invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent of the parties that the
Corporation provide protection to the Indemnitee to the fullest enforceable
extent.

     10.     Miscellaneous. No provision of this Agreement may be modified,
waived, or discharged unless such modification, waiver, or discharge is agreed
to in a writing signed by the Indemnitee and an officer of the Corporation
designated by the Board of Directors. No waiver by either party at any time of
any breach by the other party of, or of compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the same time or
at any prior or subsequent time. The validity, interpretation, construction,
and performance of this Agreement shall be governed by the laws of the State of
Delaware, without giving effect to the principles of conflicts of laws thereof.
The Indemnitee may bring an action seeking resolution of disputes or
controversies arising under or in any way related to this Agreement in the
state or federal court jurisdiction in which the Indemnitee resides or in which
his place of business is located, and in any related appellate courts, and the
Corporation consents to the jurisdiction of such courts and to such venue.

 

 

     11.     Notices. For the purposes of this Agreement, notices and all other
communications provided for the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid, as follows:

	 	 	 
	If to the Indemnitee:	 	
To the address set forth

below his signature
	 
	If to the Corporation:	 	
CSK Auto Corporation

645 E. Missouri Avenue

Phoenix, Arizona 85012

Attn: General Counsel

or such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

     12.     Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same instrument.

     13.     Effectiveness. This Agreement shall be effective as of the day and
year first above written.

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

	 	 	 	 	 	 
	 	 	CSK AUTO CORPORATION
	 	 	 	 	 
	 	 	
By:	 	 
	 	 	 	 	

	 	 	
Name:	 	 
	 	 	
Title:
	 	President & Chief Operating Officer
	 	 	 	 	 
	 	 	INDEMNITEE
	 	 	 	 	 
	 	 	
By:	 	 
	 	 	 	 	

	 	 	
Name:	 	 
	 	 	
Address:<PAGE>

                                                                  Execution Copy

--------------------------------------------------------------------------------

                           THIRD AMENDMENT AND CONSENT

                          Dated as of December 6, 2002

                                       TO

               THE AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

                           Dated as of March 27, 2001

                                      Among
                       ALLBRITTON COMMUNICATIONS COMPANY,
                                as the Borrower,
                    THE PLEDGORS AND GUARANTORS NAMED HEREIN,
                    THE FINANCIAL INSTITUTIONS PARTY HERETO,
                                  as the Banks,
                              FLEET NATIONAL BANK,
                                as the Agent, and
                         DEUTSCHE BANK SECURITIES INC.,
                           as the Documentation Agent

--------------------------------------------------------------------------------

<PAGE>

                           THIRD AMENDMENT AND CONSENT

         This THIRD AMENDMENT AND CONSENT is entered into as of December 6, 2002
(this "Amendment and Consent") by and among ALLBRITTON COMMUNICATIONS COMPANY, a
Delaware corporation (the "Borrower"), the Banks parties hereto (the "Banks"),
FLEET NATIONAL BANK, as Agent (the "Agent"), ALLBRITTON GROUP, INC. ("Allbritton
Group"), ALLFINCO, INC. ("Allfinco"), KATV, LLC ("KATV"), KTUL, LLC ("KTUL"),
WSET, INCORPORATED ("WSET"), ALLBRITTON TELEVISION PRODUCTIONS, INC. ("ATP"), TV
ALABAMA, INC. ("TV AL"), HARRISBURG TELEVISION, INC. ("HTI"), ACC LICENSEE, INC.
("ACCLI") and WCIV, LLC. ("WCIV"; and, together with Allfinco, KATV, KTUL, WSET,
ATP, TV AL, ACCLI and HTI, the "Subsidiary Guarantors"; the Borrower, Allbritton
Group and the Subsidiary Guarantors are referred to herein collectively as the
"Loan Parties") in order to amend as set forth herein the Amended and Restated
Revolving Credit Agreement dated as of March 27, 2001 (as amended and otherwise
modified by the First Amendment, dated as of December 19, 2001, the Letter
Waiver, dated as of March 4, 2002, and the Second Amendment dated as of May 15,
2002, the "Credit Agreement"), among the Borrower, the Banks, the Agent and the
Documentation Agent.

                                    Recitals

         WHEREAS, the Borrower has requested that the Credit Agreement be
amended, and the Banks and the Agent are willing, on the terms and conditions
set forth herein, to amend the Credit Agreement, inter alia, in order to permit
the two-stage refinancing of its Indebtedness under the ACC 9 3/4% Senior
Subordinated Debentures on the terms and conditions set forth (and to be set
forth) in the Indenture to be dated on or about December 20, 2002 among the
Borrower and State Street Bank and Trust Company, as Trustee, the 7 3/4% Senior
Subordinated Notes to be issued by the Borrower thereunder and the offering
memorandum distributed by the Borrower in connection with the sale of such
notes, a copy of each of which has been, or promptly when executed and delivered
or delivered, as the case may be, shall be, delivered to the Agent and each Bank
(such indenture, notes and offering memorandum, the "Subordinated Debt
Refinancing Documents").

         NOW, THEREFORE, subject to the satisfaction of the conditions to
effectiveness specified in Section 4, the parties hereto hereby agree as
follows:

                                    Agreement

         Section 1. Definitions. All capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed thereto in the Credit
Agreement.

         Section 2. Amendments to the Credit Agreement.

            (a) Section 1.1 of the Credit Agreement is hereby amended to add
thereto in the appropriate alphabetical position the following new definitions:

<PAGE>

                  "ACC 7 3/4% Senior Subordinated Notes. The 7 3/4% Senior
         Subordinated Notes due December 15, 2012 of the Borrower issued
         pursuant to the ACC 7 3/4% Subordinated Indenture.

                  ACC 7 3/4% Senior Subordinated Indenture. The Indenture, dated
         on or about December 20 2002, by and among the Borrower and State
         Street Bank and Trust Company, as Trustee, governing the ACC 7 3/4%
         Subordinated Debentures."

                  (b) The definition of "Applicable Margin" in Section 1.1 of
the Credit Agreement is hereby amended and restated in its entirety to read as
follows:

                  "Applicable Margin. With respect to any fiscal quarter of the
         Borrower, the applicable percentage set forth below opposite the Total
         Leverage Ratio determined for the most recently ended fiscal quarter
         for which the Borrower has delivered financial statements pursuant to
         ss.6.4(a) or (b):

                                                                     Alternate
                                                    LIBOR            Base Rate
                          Total                   Applicable         Applicable
                     Leverage Ratio                 Margin             Margin

            Greater than or equal to 6.5:1.0        2.750%              1.50%
            Less than 6.5:1.00 but Greater          2.500%              1.250%
            than 6.0:1.0
            Less than 6.0:1.0 but Greater           2.250%              1.000%
            than or equal to 5.5:1.0
            Less than 5.5:1.0 but greater           2.000%              0.750%
            than or equal to 5.0:1.0
            Less than 5.0:1.0 but greater           1.750%              0.500%
            than or equal to 4.5:1.0
            Less than 4.5:1.0                       1.500%              0.250%

         provided, that if the Borrower's financial statements are not furnished
         to the Banks pursuant to ss.6.4(a) or (b) hereof within five (5)
         Business Days after the relevant period of time specified in ss.6.4,
         the Applicable Margin with respect to all Loans shall be 2.750% (or
         1.500%, for Base Rate Loans) during the period commencing on the date
         such statements are due and (provided that such financial statements
         are subsequently furnished to the Banks) ending on the date two (2)
         days following the delivery to the Agent of the financial statements to
         be furnished pursuant to ss.6.4(a) or (b) for the appropriate period."

<PAGE>

               (c) The definition of "Restricted Payments" in Section 1.1 of the
          Credit Agreement is hereby amended and restated in its entirety to
          read as follows:

                  "Restricted Payments.  In relation to the Borrower or any of
its Subsidiaries,

               (a) the declaration or payment of any dividend on or in respect
          of any shares of any class of capital stock or units of partnership or
          membership interests of a limited liability company, as applicable, of
          such Person, other than dividends payable solely in shares of common
          stock or units of partnership or membership interests of a limited
          liability company, as applicable, of such Person; the purchase,
          redemption, or other retirement of any shares of any class of capital
          stock or units of partnership or membership interests of a limited
          liability company, as applicable, of such Person, directly or
          indirectly through a Subsidiary or otherwise; the return of capital by
          such Person to its shareholders or other equity holders as such; or
          any other distribution on or in respect of any shares of any class of
          capital stock or units of partnership or membership interests of a
          limited liability company, as applicable, of such Person;

               (b) any payment or prepayment by such Person (whether of
          principal, premium, interest or other sum) of or on account of, any
          payment or other distribution on account of the redemption,
          repurchase, defeasance, retirement or other acquisition for value of,
          or any sinking fund payment in respect of, Indebtedness of such Person
          which is subordinated to the Obligations, other than the repayment,
          redemption, repurchase or defeasance of Indebtedness of such Person by
          such Person solely from the proceeds of Permitted Refinancing
          Indebtedness arising in connection with the refinancing of such
          Indebtedness (provided that the Borrower may pay any premium on any
          such Indebtedness out of cash on hand or borrowings hereunder); and

               (c) any loan or advance by such Person to, or any other
          Investment by such Person in, any Affiliate of such Person (other than
          the Borrower or any of its Subsidiaries); and

               (d) any other payment or distribution (whether by cash,
          obligations, securities or other property) to any Affiliate of such
          Person (other than the Borrower or any of its Subsidiaries)."

          (d) Section 7.4 of the Credit Agreement is hereby amended (i) to
delete the punctuation "." at the end of clause (f) thereof and to substitute
therefor the punctuation ";" and (ii) to add new clauses (g), (h) and (i) to
such Section 7.4, which new clauses (g), (h) and (i) shall read as follows:

               "(g) payments by the Borrower of accrued unpaid interest on ACC 7
          3/4% Senior Subordinated Notes at the annual rate of seven and
          three-quarters percent (7 3/4%) per annum, provided that such payments
          are required by the interest payment provisions, and are not
          prohibited by the applicable subordination provisions, contained in
          the ACC 7 3/4% Senior Subordinated Indenture as in effect on the
          closing date thereunder or as amended from time to time in compliance
          with this Credit Agreement;

               (h) mandatory redemptions by the Borrower of ACC 7 3/4% Senior
          Subordinated Notes in amounts required by the ACC 7 3/4% Senior
          Subordinated

<PAGE>

         Indenture as in effect on closing date thereunder or as amended from
         time to time in compliance with this Credit Agreement, provided that
         such mandatory redemptions are not prohibited by the applicable
         subordination provisions of the ACC 7 3/4% Senior Subordinated
         Indenture as in effect on the closing date thereunder or as amended
         from time to time in compliance with this Credit Agreement;

                  (i) a one time payment by the Borrower of cash dividends on
         outstanding shares of its capital stock to Allbritton Group, Inc. in an
         aggregate amount not to exceed $25,000,000; provided that (i) no
         Default or Event of Default is continuing on the date of any such
         payment or would result therefrom, and (ii) such payment shall be made
         from the proceeds of Permitted Refinancing Indebtedness arising from
         the refinancing of the ACC 8 7/8% Senior Subordinated Notes (including
         any additional Indebtedness constituting Permitted Refinancing
         Indebtedness to which the Majority Banks and the Agent have
         consented)."

                  (e) Section 8.1 of the Credit Agreement is hereby amended and
         restated in its entirety to read as follows:

                  "Section 8.1 Consolidated EBITDA to Consolidated Total
         Interest Expense. The Borrower will not permit, as at the end of any
         fiscal quarter, the ratio of (a) Consolidated EBITDA for the period of
         four consecutive fiscal quarters ending at such date, to (b)
         Consolidated Total Interest Expense for such period of four fiscal
         quarters, to be less than 1.50:1.0."

                  (f) Section 8.2 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

                  "Section 8.2 Total Leverage Ratio. The Borrower will not
         permit as of any date of determination, the ratio of (a) Total Debt as
         at such date to (b) Consolidated EBITDA for the period of four (4)
         consecutive fiscal quarters most recently ended for which Borrower has
         supplied or is required to supply financial statements pursuant to
         ss.6.4(a), and following the Closing, a Compliance Certificate, to
         exceed the ratio set forth opposite such period in the table below:

        ------------------------------------- ----------------------------------
                      Period                                Ratio
        ------------------------------------- ----------------------------------
               Closing Date to 12/31/01                     7.00
        ------------------------------------- ----------------------------------
                  1/1/02 to 9/30/02                         6.75
        ------------------------------------- ----------------------------------
                 10/1/02 to 9/30/03                         7.00
        ------------------------------------- ----------------------------------
                 10/1/03 to 9/30/04                         6.75
        ------------------------------------- ----------------------------------
               10/1/04 and thereafter                       6.50
        ------------------------------------- ----------------------------------

<PAGE>

                  (g) Section 8.3 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

                  "Section 8.3 Senior Leverage Ratio. The Borrower will not
         permit the ratio of (a) Senior Debt as of any date to (b) Consolidated
         EBITDA for the four (4) consecutive fiscal quarters most recently ended
         for which the Borrower has supplied or is required to supply financial
         statements pursuant to ss.6.4(a) and following the Closing, a
         Compliance Certificate to exceed 1.50:1.00."

         Section 3. Consents and Waivers by the Agent and the Banks.

            (a) Consent by the Agent and the Majority Banks to an Increase in
Certain Permitted Refinancing Indebtedness. Each of the Agent and the Banks
hereby consents to the aggregate increase of the amount of Indebtedness
constituting Permitted Refinancing Indebtedness resulting from the refinancing
of the ACC 8 7/8% Senior Subordinated Notes, which increase shall not exceed
$25,000,000, provided that such additional Indebtedness (and all other
Indebtedness arising from the refinancing of the ACC 8 7/8% Senior Subordinated
Notes) complies in all other respects with the requirements of, and otherwise
constitutes, Permitted Refinancing Indebtedness.

            (b) Waiver of Section 7.5 of the Credit Agreement with respect to
the Transfer of the WJLA Station License. Each of the Agent and the Banks hereby
waives the restrictions of Section 7.5 of the Credit Agreement solely in order
to permit the assignment of all FCC licenses for WJLA and NewsChannel 8 used in
connection with operation of the respective stations from the Borrower to ACC
Licensee, Inc., a Delaware corporation and wholly-owned Subsidiary of the
Borrower ("ACC Licensee"); provided that, in addition to the conditions
precedent set forth below in Section 5 hereof, such waiver shall not be
effective unless and until ACC Licensee becomes party to the Pledge Agreement
(as a Pledgor and a Pledged Share Issuer thereunder), executes and delivers a
guarantee agreement in the form of the Guaranty Agreement and, together with the
Borrower, otherwise complies with Section 6.18 of the Credit Agreement and
Section 2.3 of the Pledge Agreement in a manner reasonably satisfactory to the
Agent.

         Section 4. Consents by the other Loan Parties to the Amendment of the
Credit Agreement.

            (a) Each of the Pledgors (as defined in the Pledge Agreement) hereby
confirms and agrees that (i) the Pledge Agreement is, and shall continue to be,
in full force and effect and is hereby ratified and confirmed in all respects,
and (ii) the Pledge Agreement and all of the Collateral described therein does,
and shall continue to, secure the payment and performance of all of the
Obligations.

            (b) Each of the Subsidiary Guarantors hereby confirms and agrees
that the Guaranty is, and shall continue to be, in full force and effect and is
hereby ratified and confirmed in all respects.

         Section 5. Effectiveness; Conditions to Effectiveness. This Amendment
and Consent shall become effective as of the date first written above only upon
satisfaction in full, in a manner satisfactory to the Banks, of the following
conditions precedent (the first date upon which all such conditions shall have
been satisfied being herein called the "Effective Date"):

<PAGE>

            (a) Execution of Amendment. The Agent shall have received
counterparts of this Amendment and Consent executed by each Loan Party and each
of the Banks.

            (b) Corporate Action. All corporate action necessary for the valid
execution, delivery and performance by each Loan Party of this Amendment and
Consent shall have been duly and effectively taken, and, at the request of any
Bank, evidence thereof satisfactory to such requesting Bank shall have been
provided to each of the Banks.

            (c) Arrangement Fee. Each Bank shall have received in cash a
structuring fee equal to 0.50% of such Bank's commitment.

            (d) Refinancing Documentation. The Agent shall have received true
and correct copies, in sufficient number for itself and the Banks, of drafts
dated on or about December 13, 2002 of each of the Subordinated Debt Refinancing
Documents, together with any related documents that the Agent may reasonably
request (the "December 13th Drafts").

         Section 6. Representations and Warranties; No Default.

            (a) The Borrower hereby confirms to the Agent, the Banks and the
Documentation Agent, that, after giving effect to this Amendment and Consent,
the representations and warranties of the Borrower set forth in Section 5 (other
than Section 5.4.2) of the Credit Agreement (as amended hereby) as of the
Effective Date (except to the extent of changes resulting from transactions
contemplated or permitted by the Credit Agreement and changes occurring in the
ordinary course of business that singly or in the aggregate are not materially
adverse, and to the extent that such representations and warranties relate
expressly to an earlier date), as if set forth herein in full. The Borrower
hereby certifies that no Default or Event of Default has occurred and is
continuing under the Credit Agreement.

            (b) The Borrower hereby represents and warrants to the Agent and
each of the Banks that the final offering memorandum and execution copies of the
other Subordinated Notes Refinancing Documents shall be substantially similar to
the December 13 Drafts. For the avoidance of doubt, a misrepresentation under,
or breach of the warranty in, this clause (b) shall be for all purposes under
the Credit Agreement an Event of Default under Section 11.1(a) of the Credit
Agreement.

         Section 7. Reference to and Effect on the Loan Documents.

            (a) On and after the effectiveness of this Amendment and Consent,
each reference in the Credit Agreement, Pledge Agreement, Guaranty and each of
the other Loan Documents to (i) the "Credit Agreement", "thereunder", "thereof"
or words of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement, as amended by this Amendment and Consent,
(ii) the "Pledge Agreement", "thereunder", "thereof" or words of like import
referring to the Pledge Agreement, shall mean and be a reference to the Pledge
Agreement, as amended by this Amendment and Consent, and (iii) the "Guaranty",
"Guaranty Agreement", "thereunder", "thereof" or words of like import referring
to the Guaranty, shall mean and be a reference to the Guaranty, as amended by
this Amendment and Consent.

<PAGE>

            (b) The Credit Agreement, the Notes, and each of the other Loan
Documents, in each case, as amended hereby, are and shall continue to be in full
force and effect and are hereby ratified and confirmed in all respects.

            (c) The execution, delivery and effectiveness of this Amendment and
Consent shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any Bank or the Agent under any of the Loan
Documents, nor constitute a waiver of any provision of the Loan Documents,
except as expressly set forth herein.

         Section 8. Fees and Expenses. The Borrower agrees to pay on demand all
the Agent's reasonable expenses in preparing, executing and delivering this
Amendment and Consent, and all related instruments and documents, including,
without limitation, the reasonable fees and out-of-pocket expenses of the
Agent's special counsel, Goodwin Procter LLP.

         Section 9. Execution in Counterparts. This Amendment and Consent may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which counterparts taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart
of a signature page to this Amendment and Consent by telecopier shall be
effective as delivery of a manually executed counterpart of a signature page to
this Amendment and Consent.

         Section 10. Governing Law. This Amendment and Consent shall be a Loan
Document and shall be governed by and construed and enforced under the laws of
The Commonwealth of Massachusetts.

                           [Signature Page(s) Follow]

<PAGE>

         IN WITNESS WHEREOF, the Borrower, Allbritton Group and the Subsidiary
Guarantors, the Banks, the Agent and the Documentation Agent have caused this
Amendment and Consent to be executed by their duly authorized officers as of the
date first set forth above.

                                       ALLBRITTON COMMUNICATIONS
                                       COMPANY, as Borrower and Pledgor

                                       By  /s/ Stephen P. Gibson
                                           -------------------------------------
                                           Name: Stephen P. Gibson
                                           Title: Senior Vice President

                                       ALLBRITTON GROUP, INC., as Pledgor

                                       By  /s/ Stephen P. Gibson
                                           -------------------------------------
                                           Name: Stephen P. Gibson
                                           Title: Vice President

                                       ALLFINCO, INC., as Pledgor and Guarantor

                                       By  /s/ Stephen P. Gibson
                                           -------------------------------------
                                           Name: Stephen P. Gibson
                                           Title: Vice President

                                       KATV, LLC, as Pledgor and Guarantor

                                       By  /s/ Stephen P. Gibson
                                           -------------------------------------
                                           Name: Stephen P. Gibson
                                           Title: Vice President

<PAGE>

                                    KTUL, LLC, as Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

                                    WSET, INCORPORATED, as Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

                                    ALLBRITTON TELEVISION PRODUCTIONS, INC., as
                                    Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

                                    TV ALABAMA, INC., as Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

                                    HARRISBURG TELEVISION, INC., as Pledgor
                                    and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

<PAGE>

                                    WCIV, LLC, as Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

<PAGE>

                                    ACC LICENSEE, INC., as Pledgor and Guarantor

                                    By  /s/ Stephen P. Gibson
                                        ----------------------------------------
                                        Name: Stephen P. Gibson
                                        Title: Vice President

<PAGE>

                                        FLEET NATIONAL BANK, individually
                                         and as Agent

                                        By  /s/ Manuel Burgueno
                                            ------------------------------------
                                            Name: Manuel Burgueno
                                            Title: Director

                                        DEUTSCHE BANK TRUST COMPANY
                                          AMERICAS

                                        By
                                            ------------------------------------
                                            Name:
                                            Title:

<PAGE>

                                        FLEET NATIONAL BANK, individually
                                         and as Agent

                                        By
                                            ------------------------------------
                                            Name:
                                            Title:

                                        DEUTSCHE BANK TRUST COMPANY
                                          AMERICAS

                                        By  /s/ Gregory Shefrin
                                            ------------------------------------
                                            Name: Gregory Shefrin
                                            Title: Director

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