Document:

Specimen certificate for shares of the Registrant's Series B common stock

	
	Exhibit 4.2
	 

 

 

  
 INCORPORATED
UNDER THE LAWS 
 OF THE STATE OF DELAWARE 

B LIBERTY GLOBAL, INC. 
 SERIES B COMMON STOCK 
 THIS CERTIFICATE IS
TRANSFERABLE IN 
 CANTON, MA, JERSEY CITY, NJ AND NEW YORK, NY 

CUSIP 530555 20 0 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 THIS
CERTIFIES that 
 is the owner of 
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE SERIES B COMMON STOCK, PAR VALUE $.01 PER SHARE, OF 
 LIBERTY GLOBAL, INC. 
 (hereinafter called the
“Corporation”) transferable on the books of the Corporation by the holder hereof, in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the
Transfer Agent and registered by the Registrar. 
 WITNESS the facsimile seal of the Corporation and the
facsimile signatures of its duly authorized officers. 
 Dated: 

CHIEF EXECUTIVE OFFICER 
 LIBERTY GLOBAL, INC. 
 CORPORATE SEAL 

[ DELAWARE ] 
 SECRETARY 
 COUNTERSIGNED AND REGISTERED:

 EQUISERVE TRUST COMPANY, N.A. 
 TRANSFER AGENT AND REGISTRAR 
 BY 

AUTHORIZED SIGNATURE 

 LIBERTY GLOBAL, INC. 

The Corporation will furnish without charge to each shareholder who so requests a full statement of the designations, preferences,
limitations and relative rights of each class of stock or series thereof of the Corporation and the variations in the relative rights and preferences between the shares of any series of preferred stock, so far as the same have been fixed and
determined, and the authority of the board of directors to fix and determine the relative rights and preferences of any series of preferred stock. Such requests may be made to the Corporation or to the transfer agent. 

ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this certificate, 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 entities	 		 	  (Cust)    	 		 	(Minor)
	JT TEN	 	—as joint tenants with the right of	 		 	under Uniform Gifts to Minors
		 	    survivorship and not as tenants	 		 	Act	 	  

		 	    in common	 		 		 	  (State)	 	

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

FOR VALUE RECEIVED,
                                        
hereby sell, assign and transfer unto 
  

	
	 PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

	  

	
	  

 
  
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
  

 
  

 
  

			
	  
	 	Shares    

 of the Series B Common
Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint 
  

			
	  
	 	Attorney

 to transfer the said Shares on the books of the
within named Corporation with full power of substitution in the premises. 
 Dated
                     
  

			
		  	Signature(s):
	x	  	  

		
	x	  	  

		
	NOTICE:	  	THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATEVER.

 
 Signature(s) Guaranteed 

 

			
	By	 	  

	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad – 15.Specimen certificate for shares of the Registrant's Series C Common Stock

	
	Exhibit 4.3
	 

 

 

  
 INCORPORATED
UNDER THE LAWS 
 OF THE STATE OF DELAWARE 

C LIBERTY GLOBAL, INC. 
 SERIES C COMMON STOCK 
 THIS CERTIFICATE IS
TRANSFERABLE IN 
 CANTON, MA, JERSEY CITY, NJ AND NEW YORK, NY 

CUSIP 530555 30 9 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 THIS
CERTIFIES that 
 is the owner of 
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE SERIES C COMMON STOCK, PAR VALUE $.01 PER SHARE, OF 
 LIBERTY GLOBAL, INC. 
 (hereinafter called the
“Corporation”) transferable on the books of the Corporation by the holder hereof, in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the
Transfer Agent and registered by the Registrar. 
 WITNESS the facsimile seal of the Corporation and the
facsimile signatures of its duly authorized officers. 
 Dated: 

CHIEF EXECUTIVE OFFICER 
 LIBERTY GLOBAL, INC. 
 CORPORATE SEAL 

[ DELAWARE ] 
 SECRETARY 
 COUNTERSIGNED AND REGISTERED:

 EQUISERVE TRUST COMPANY, N.A. 
 TRANSFER AGENT AND REGISTRAR 
 BY 

AUTHORIZED SIGNATUREAdditional Facility M Accession Agreement, dated November 3, 2010

 Exhibit 4.50 
 TELENET ADDITIONAL FACILITY M ACCESSION AGREEMENT 
 TERM LOAN M FACILITY

  

	To:	The Bank of Nova Scotia as Facility Agent and KBC Bank NV as Security Agent 

 

	From:	The Telenet Additional Facility M Lender 

 Date: 3 November 2010 
 TELENET NV - €2,300,000,000 Credit Agreement

 dated 1 August 2007, as amended from time to time (the Credit Agreement) 

 

	1.	In this Agreement: 

Borrower in relation to the Term Loan M Facility means Telenet International Finance S.A., a public limited liability company
(société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with its registered office at 595 rue de Neudorf, L-2220 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies
register under number RCS B.155.066. 
 Indenture means the indenture, dated on or about the date of this Agreement,
among, inter alia, Telenet Additional Facility M Lender, as issuer, and The Bank of New York Mellon, as trustee. 

Notes means the €500,000,000 aggregate principal amount of 6.375% fixed rate notes due 2020 and issued on or about the date of
this agreement by the Telenet Additional Facility M Lender pursuant to the Indenture. 
 Telenet Additional Facility M
Lender means Telenet Finance Luxembourg S.C.A., a corporate partnership limited by shares, société en commandite par actions incorporated under the laws of the Grand Duchy of Luxembourg with its registered office at 65,
Boulevard Grande-Duchesse Charlotte, L-1331 Luxembourg, Grand Duchy of Luxembourg. 
 Term Loan M Facility means the
€500,000,000 term loan facility made available by the Telenet Additional Facility M Lender under this Agreement. 
 Term
Loan M Facility Commitment means, in relation to the Telenet Additional Facility M Lender, the amount in euros set opposite its name under the heading “Term Loan M Facility Commitment” in Schedule 1 to this Agreement, to the extent not
cancelled, transferred, or reduced under the Credit Agreement. 
 Term Loan M Facility Loan means a euro denominated loan
made to the Borrower by the Telenet Additional Facility M Lender under the Term Loan M Facility. 
  

	2.	For the purposes of the Term Loan M Facility and any Term Loan M Facility Loan, and notwithstanding any provision of a Finance Document to the contrary:

  

	 	(a)	the following defined terms shall have the following meanings in the Finance Documents: 

Luxembourg means the Grand Duchy of Luxembourg. 
 Luxembourg Guarantor means a Guarantor incorporated in Luxembourg. 

  
 1 

 Luxembourg Obligor means an Obligor incorporated in Luxembourg. 

Qualifying Lender means a Lender which is not an individual or a residual entity within the meaning of the Luxembourg laws
implementing the European Council Directive 2003/48/EC of 3 June 2003 (the EU SD) on taxation of savings income in the form of interest payments, including notably the Luxembourg laws of 21 June 2005 implementing under Luxembourg
law the EU SD and the Luxembourg law of 23 December 2005 creating a final withholding tax on certain income deriving from savings, and any entity which may fall within the scope of the EU SD and the aforesaid Luxembourg laws as they may be
amended from time to time. 
  

	 	(b)	where they relate to a Luxembourg company, references in the Finance Documents to: 

 

	 	(i)	a winding-up, administration or dissolution includes, without limitation, bankruptcy (faillite), insolvency, voluntary or judicial liquidation (liquidation
volontaire ou judiciaire), composition with creditors (concordat préventif de faillite), reprieve from payment (sursis de paiement), controlled management (gestion contrôlée), fraudulent conveyance
(actio pauliana), general settlement with creditors, reorganisation or similar laws affecting the rights of creditors generally; 

  

	 	(ii)	a receiver, administrative receiver, administrator or the like includes, without limitation, a juge délégué, commissaire,
juge-commissaire, liquidateur or curateur; 

  

	 	(iii)	a security interest includes any hypothèque, nantissement, gage, privilege, sûreté réelle, droit de
rétention and any type of real security or agreement or arrangement having a similar effect and any transfer of title by way of security; and 

  

	 	(iv)	a person being unable to pay its debts includes that person being in a state of cessation of payments (cessation de paiements); 

 

	 	(c)	any guarantee given by any Luxembourg Guarantor does not constitute a suretyship (cautionnement) in the sense of articles 2011 and subsequent of the Luxembourg
civil code; 

  

	 	(d)	the maximum liability of any Luxembourg Guarantor under the Finance Documents shall be limited so that the maximum amount payable by the relevant Luxembourg Guarantor
for the obligations of any Obligor, which is not a direct or indirect Subsidiary of such Luxembourg Guarantor, hereunder shall at no time exceed the Maximum Amount. 

Maximum Amount of any Luxembourg Guarantor means the sum of: 

 

	 	(i)	an amount equal to the aggregate (without duplication) of: 

  

	 	(A)	all moneys received by that Luxembourg Guarantor or direct or indirect Subsidiaries of that Luxembourg Guarantor (which are direct or indirect Subsidiaries of that
Luxembourg Guarantor on the date hereof or which will be direct of indirect Subsidiaries of that Luxembourg Guarantor hereafter) as borrower under or pursuant to the Finance Documents; and 

  
 2 

	 	(B)	the aggregate amount of the outstanding intercompany loans made to the Luxembourg Guarantor or direct or indirect Subsidiaries of that Luxembourg Guarantor (which are
direct or indirect Subsidiaries of that Luxembourg Guarantor on the date hereof or which will be direct or indirect Subsidiaries of that Luxembourg Guarantor hereafter) by other members of the Group which have been funded with moneys received by the
Borrowers under the Finance Documents (the Loan Amount); and 

  

	 	(C)	an amount equal to 95% of the greater of: 

  

	 	(I)	the market value of the assets of the Luxembourg Guarantor at the time the guarantee is called less the Liabilities, other than the Loan Amount, at the time the
guarantee is called; and 

  

	 	(II)	the market value of the assets of the Luxembourg Guarantor at the date of this Agreement less the Liabilities, other than the Loan Amount, at the time the guarantee is
called. 

 Liabilities means all existing liabilities (other than any liabilities owed to the direct or
indirect shareholders of the Luxembourg Guarantor) incurred, from time to time, by the Luxembourg Guarantor and as reflected, from time to time, in the books of the Luxembourg Guarantor. 

If the Parties fail to reach an agreement as to the market value of the assets as referred to under paragraph (C) above, such market
value shall be determined, at the sole costs of the Luxembourg Guarantor, by (1) an independent investment bank appointed for this purpose by the Finance Parties or (2) a Luxembourg réviseur d’entreprises appointed upon the
request of any of the Finance Parties; 
  

	 	(e)	Telenet International Finance S.A. hereby expressly accepts and confirms, for the purposes of articles 1281 and 1278 of the Luxembourg civil code, that notwithstanding
any assignment, transfer and/or novation permitted under, and made in accordance with, the provisions of this Agreement or the Finance Documents, the guarantee given by it guarantees all obligations of each Obligor (including without limitation, all
obligations with respect to all rights and/or obligations so assigned, transferred or novated) and any security created under this Agreement or the Finance Documents shall be preserved for the benefit of any New Lender and each Luxembourg Obligor
hereby accepts and confirms the aforementioned. 

  

	3.	Unless otherwise defined in this Agreement, terms defined in the Credit Agreement shall have the same meaning in this Agreement and a reference to a Clause is a
reference to a Clause of the Credit Agreement. The principles of construction set out in Clause 1.2 (Construction) of the Credit Agreement apply to this Agreement as though they were set out in full in this Agreement. 

 

	4.	We refer to Clause 2.7 (Telenet Additional Facility) of the Credit Agreement. 

 

	5.	This Agreement will take effect on the date on which the Facility Agent notifies the Borrower under the Term Loan M Facility and the Telenet Additional Facility M
Lender that it has received the documents and evidence set out in Schedule 2 to this Agreement, in each case in form and substance satisfactory to it or, as the case may be, the requirement to provide any of such documents or evidence has been
waived by the Facility Agent (acting on the instructions of the Term Loan M Facility Lender) (the Effective Date). 

  
 3 

	6.	The Telenet Additional Facility M Lender agrees: 

  

	 	(a)	to become party to and to be bound by the terms of the Credit Agreement as a Lender in accordance with Clause 2.7 (Telenet Additional Facility) of the Credit
Agreement; and 

  

	 	(b)	to become party to the Intercreditor Agreement as a Lender and to observe, perform and be bound by the terms and provisions of the Intercreditor Agreement in the
capacity as Lender in accordance with Clause 20.7 (Senior Creditors) of the Intercreditor Agreement. 

  

	7.	The Telenet Additional Facility Commitment in relation to the Telenet Additional Facility M Lender (for the purpose of the definition of Telenet Additional Facility
Commitment in Clause 1.1 (Definitions) of the Credit Agreement) is its Term Loan M Facility Commitment. 

  

	8.	The Facility Agent will, for the purposes of any determination to be made under the Credit Agreement or this Agreement, apply the votes of the Telenet Additional
Facility M Lender in accordance with a written direction to be provided by the Telenet Additional Facility M Lender. The Telenet Additional Facility M Lender agrees that it will give any such direction in accordance with the provisions of
Section 9.01 of the Indenture. For the avoidance of doubt, the Facility Agent may rely on any such directions received and shall have no duty to enquire or monitor as to whether such direction complies with Section 9.01 of the Indenture.

  

	9.	The Term Loan M Facility may be drawn by one Loan on the Effective Date and such date will constitute the Availability Period for the Term Loan M Facility. No more than
one Request may be made in respect of the Term Loan M Facility under the Credit Agreement, and such Request may only be in a principal amount of the Telenet Additional Facility Commitment in relation to the Term Loan M Facility as set out in
paragraph 7 above. 

  

	10.	The Final Maturity Date in respect of the Term Loan M Facility is November 15, 2020. Any outstanding Loan under the Term Loan M Facility shall be repaid in full on
the Final Maturity Date. 

  

	11.	The interest rate in relation to the Term Loan M Facility will be a fixed rate of 6.375 per cent. per annum. Such interest rate will be calculated in accordance
with Clause 8.1 (Interest rate) of the Credit Agreement as being the sum of EURIBOR, the applicable Margin and the Mandatory Costs, where in order to achieve the fixed rate referred to above, the applicable Margin will be: 

 

	 	(a)	6.375 per cent. per annum, calculated on the basis of a 360-day year comprised of twelve 30-day months; 

minus 
  

	 	(b)	the sum of EURIBOR plus the Mandatory Costs. 

 For the avoidance of doubt, for the purpose of this calculation, the applicable Margin may be a negative number. Further, the interest rate for this Term Loan M Facility will never exceed 6.375 per
cent. per annum (save to the extent that Clause 8.3 (Interest on overdue amounts) may apply). 

  
 4 

	12.	The first Term to apply to the Term Loan M Facility Loan will be a period equal to the period running from the Effective Date up to and including May 15, 2011. The
Borrower agrees that each subsequent Term under the Term Loan M Facility will be 6 months. 

  

	13.	Upon the occurrence of a mandatory prepayment of the Term Loan M Facility following a Change of Control, as defined under Clause 7.2 (Mandatory prepayment – change
of control) of the Credit Agreement, the Borrower under the Term Loan M Facility agrees to pay to the Facility Agent (for the account of the Telenet Additional Facility M Lender) an amount equal to 1 per cent. of the principal amount of the
Term Loan M Facility, plus accrued and unpaid interest to the due date of mandatory prepayment. Such payment shall be due and payable by the Borrower to the Facility Agent (for the account of the Telenet Additional Facility M Lender) under the Term
Loan M Facility on the actual date of such mandatory prepayment. 

  

	14.	At any time prior to November 15, 2015, upon the occurrence of a voluntary prepayment of any or all of the Term Loan M Facility by the Borrower under the Term Loan
M Facility under Clause 7.6 (Voluntary prepayment) of the Credit Agreement (other than a voluntary prepayment complying with Clause 16 below), the Borrower under the Term Loan M Facility agrees to pay to the Facility Agent (for the account of the
Telenet Additional Facility M Lender) an amount equal to the Additional Amount (as defined below) (calculated as of a date no more than three Business Days prior to the date of the relevant prepayment notice), plus accrued and unpaid interest on the
amount of the Term Loan M Facility Loan prepaid to the due date of prepayment. Such payment shall be due and payable by the Borrower under the Term Loan M Facility to the Facility Agent (for the account of the Telenet Additional Facility M Lender)
on the actual date of such prepayment. 

 For the purposes of this Clause 14: 

Additional Amount means, with respect to the Term Loan M Facility on any prepayment date applicable to the voluntary prepayment of
any or all of the Term Loan M Facility, the excess of: 
  

	 	(i)	the present value at such prepayment date of (i) the amount that would be payable (as set out in clause 15 below) in respect of the Term Loan M Facility if the
Term Loan M Facility were prepaid pursuant to Clause 7.6 (Voluntary prepayment) of the Credit Agreement, plus (ii) the principal amount of the Term Loan M Facility being prepaid plus (iii) all required interest payments due on the
principal amount of the Term Loan M Facility being prepaid through November 15, 2015 (excluding accrued but unpaid interest to the prepayment date), computed using a discount rate equal to the Bund Rate as of such prepayment date plus 50 basis
points; over 

  

	 	(ii)	the principal amount of the Term Loan M Facility being prepaid. 

 Bund Rate means, with respect to any relevant date, the rate per annum equal to the equivalent yield to maturity as of such date of the Comparable German Bund Issue, assuming a price for the
Comparable German Bund Issue (expressed as a percentage of its principal amount) equal to the Comparable German Bund Price for such relevant date, where: 
 (i) “Comparable German Bund Issue” means the German Bundesanleihe security selected by any Reference German Bund Dealer as having a fixed maturity most nearly equal to the period from
such prepayment date to November 15, 2015, and that would be utilized at the time of selection and in accordance with customary financial practice, in pricing new issues of euro denominated corporate debt securities in a principal amount
approximately equal to the then outstanding principal amount of the Notes and of a maturity most nearly equal to November 15, 2015; provided, however, that, if the period from such prepayment date to November 15, 2015, is less than one
year, a fixed maturity of one year shall be used; 

  
 5 

 (ii) “Comparable German Bund Price” means, with respect to any relevant
date, the average of all Reference German Bund Dealer Quotations for such date (which, in any event, must include at least two such quotations), after excluding the highest and lowest such Reference German Bund Dealer Quotations, or if the Telenet
Additional Facility M Lender obtains fewer than four such Reference German Bund Dealer Quotations, the average of all such quotations; 
 (iii) “Reference German Bund Dealer” means any dealer of German Bundesanleihe securities appointed by the Telenet Additional Facility M Lender in consultation with the Trustee; and

 (iv) “Reference German Bund Dealer Quotations” means, with respect to each Reference German Bund Dealer and
any relevant date, the average as determined by the Telenet Additional Facility M Lender of the bid and offered prices for the Comparable German Bund Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Telenet Additional Facility M Lender by such Reference German Bund Dealer at 3:30 p.m. Frankfurt, Germany, time on the third business day in Frankfurt preceding the relevant date. 

 

	15.	On or after November 15, 2015, upon the occurrence of a voluntary prepayment of any or all of the Term Loan M Facility by the Borrower under the Term Loan M
Facility under Clause 7.6 (Voluntary prepayment) of the Credit Agreement (other than a voluntary prepayment complying with Clause 16 below), the Borrower under the Term Loan M Facility agrees to pay to the Facility Agent (for the account of the
Telenet Additional Facility M Lender) an amount equal to the relevant percentages of the principal amount of the Term Loan M Facility being prepaid as set forth in the table below on, plus accrued and unpaid interest then due on the amount of the
Term Loan M Facility prepaid to, the due date of prepayment, if prepaid during the twelve-month period beginning on November 15 of the years indicated below: 

 

					
	Year	  	Prepayment Price expressed as a
percentage of the principal amount of the
Term Loan M
Facility	 
		
	 2015
	  	 	3.188	% 
	 2016
	  	 	2.125	% 
	 2017
	  	 	1.063	% 
	 2018 and thereafter
	  	 	0.000	% 

 Such payment shall be due
and payable by the Borrower under the Term Loan M Facility to the Facility Agent (for the account of the Telenet Additional Facility M Lender) on the actual date of such prepayment. 

 

	16.	Following a Telenet Group Transfer: 

  

	(a)	if the holders of a majority of the aggregate principal amount of the Notes consent to the Telenet Group Transfer, the Borrower under the Term Loan M Facility may, at
its option, voluntarily prepay a principal amount of the Term Loan M Facility under Clause 7.6 (Voluntary prepayment) of the Credit Agreement equal to the aggregate principal amount of the Notes whose holders did not consent to the Telenet Group
Transfer (in accordance with the terms of the Indenture) and in connection therewith the Borrower under the Term Loan M Facility will pay to the Facility Agent (for the account of the Telenet Additional Facility M Lender) an amount equal to
1 per cent. of the principal amount of the Term Loan M Facility prepaid, plus accrued and unpaid interest to the due date of prepayment. Such payment shall be due and payable by the Borrower to the Facility Agent (for the account of the Telenet
Additional Facility M Lender) under the Term Loan M Facility on the actual date of such prepayment; or 

  
 6 

	(b)	if the holders of a majority of the aggregate principal amount of the Notes do not consent to the Telenet Group Transfer, the Borrower under the Term Loan M Facility
will voluntarily prepay a principal amount of the Term Loan M Facility under Clause 7.6 (Voluntary prepayment) of the Credit Agreement equal to the aggregate principal amount of the Notes tendered in the offer to purchase described in
Section 3.08(b) of the Indenture and in connection therewith the Borrower under the Term Loan M Facility will pay to the Facility Agent (for the account of the Telenet Additional Facility M Lender) an amount equal to 1 per cent. of the
principal amount of the Term Loan M Facility prepaid, plus accrued and unpaid interest to the due date of prepayment. Such payment shall be due and payable by the Borrower to the Facility Agent (for the account of the Telenet Additional Facility M
Lender) under the Term Loan M Facility on the actual date of such prepayment. 

 For the purposes of this Clause
16: 
 “Telenet Group Transfer” means the occurrence of either of the following: (a) the consummation of
any transaction (including, without limitation, any merger, consolidation, scheme of arrangement or amalgamation), the result of which is that Liberty Global Europe Financing B.V., UPC Holding B.V. and/or any of their Subsidiaries becomes the
beneficial owner, directly or indirectly, of more than 50% of the voting stock of Telenet NV or (b) the direct or indirect sale, lease, transfer, conveyance or other disposition, in one or a series of related transactions, of all or
substantially all of the properties or assets of Telenet NV and its Subsidiaries taken as a whole to Liberty Global Europe Financing B.V., UPC Holding B.V. and/or any of their Subsidiaries. 

 

	17.	Telenet NV shall not arrange an Additional Facility (in addition to any applicable requirements set forth in Clause 2.8(e) of the Credit Agreement) if after giving
effect to the utilisation (and, for the avoidance of doubt, the application of the net proceeds) of the Total Telenet Additional Facility Commitments under such Telenet Additional Facility, the ratio of Net Total Senior Debt (as defined below) to
Consolidated Annualised EBITDA would not be greater than 4.50:1. 

 “Net Total Senior Debt” means,
at any time, that part of Total Debt which is attributable to Financial Indebtedness outstanding under the Finance Documents less Cash and Cash Equivalents at that date. 

 

	18.	The Borrower agrees that it will not request or require the transfer of all of the rights and obligations of the Telenet Additional Facility M Lender pursuant to Clause
26.3 (Non-Consenting Lenders) of the Credit Agreement. 

  

	19.	The Borrower under the Term Loan M Facility confirms, on behalf of itself and each other Obligor, that the representations and warranties set out in Clause 16
(Representations and Warranties) of the Credit Agreement (except for Clauses 16.7 (Authorisations), 16.9 (No material adverse change), 16.10 (Litigation and insolvency proceedings), 16.11 (Business Plan), 16.12 (No misleading information), 16.13
(Tax Liabilities), 16.14 (Security Interests), 16.17 (Ownership of assets), and 16.19 (ERISA)) are true and correct as if made at the Effective Date with reference to the facts and circumstances then existing, and as if each reference to the Finance
Documents includes a reference to this Agreement. 

  
 7 

	20.	Each of the Guarantors confirms that its obligations under Clause 15 (Guarantee and Indemnity) of the Credit Agreement, and each of the Existing Security Providers
confirms that the Security Interests created pursuant to the Security Documents and its obligations under the Finance Documents, shall continue unaffected and that such obligations extend to the Total Commitments as increased by the addition of Term
Loan M Facility and that such obligations shall be owed to each Finance Party including the Telenet Additional Facility M Lender. 

  

	21.	The Telenet Additional Facility M Lender confirms to each Finance Party that: 

 

	 	(a)	it has made its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection with its
participation in the Credit Agreement and has not relied on any information provided to it by a Finance Party in connection with any Finance Document; and 

  

	 	(b)	it will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities while any amount is or may be outstanding under
the Credit Agreement or any Telenet Additional Facility Commitment is in force. 

  

	22.	The Telenet Additional Facility M Lender and the Facility Agent agree to waive the notice period in respect of drawdown requests under Clause 5.1 (Giving of Request) of
the Credit Agreement in respect of this Term Loan M Facility. 

  

	23.	The Facility Office and address for notices of the Telenet Additional Facility M Lender for the purposes of Clause 33.2 (Contact details) of the Credit Agreement
will be that notified by the Telenet Additional Facility M Lender to the Facility Agent. 

  

	24.	This Agreement and any non-contractual obligations arising out of or in connection with it are governed by English law. 

 

	25.	This Agreement may be executed in any number of counterparts, and by each party on separate counterparts. Each counterpart is an original, but all counterparts shall
together constitute one and the same instrument. Delivery of an executed counterpart signature page of this Agreement by e-mail (PDF) or telecopy shall be as effective as delivery of a manually executed counterpart of this Agreement. In relation to
each counterpart, upon confirmation by or on behalf of the signatory that the signatory authorises the attachment of such counterpart signature page to the final text of this Agreement, such counterpart signature page shall take effect together with
such final text as a complete authoritative counterpart. 

  

	26.	The Borrower under the Term Loan M Facility hereby agrees that the Telenet Additional Facility M Lender may disclose confidential information supplied to it by or on
behalf of any Obligor in connection with the Finance Documents to the extent such disclosure is required by the terms of the Notes. 

  

	27.	For the purposes of any assignment, transfer or novation of rights and/or obligations (in whole or in part) by the Telenet Additional Facility M Lender under Clause
27.3 (Transfers by Lenders) of the Credit Agreement, the Company hereby consents to any assignment, transfer or novation made by the Telenet Additional Facility M Lender following an Event of Default under and as defined in the Indenture. The
Telenet Additional Facility M Lender may only deliver to the Facility Agent a completed Transfer Certificate if at that time it confirms to the Facility Agent in writing that an assignment, transfer or novation of the interest Term Loan M Facility
to be assigned, transferred or novated is not prohibited under the terms of any agreement that is binding on it or any of its assets. 

  
 8 

	28.	The parties acknowledge that this Agreement is a Finance Document. 

  
 9 

 SCHEDULE 1 
 TELENET ADDITIONAL FACILITY M LENDER AND TERM LOAN M FACILITY 

COMMITMENTS 
  

					
	Telenet Additional Facility M Lender	  	 Term Loan M Facility
Commitment

(€)
	 
		
	 Telenet Finance Luxembourg S.C.A.
	  	 	500,000,000	  
		  	 	 	 
		
	 Total
	  	 	500,000,000	  
		  	 	 	 

  
 10 

 SCHEDULE 2 
 CONDITIONS PRECEDENT DOCUMENTS 
  

	1.	Obligors 

  

	(a)	A copy of the articles of association of each Obligor and each Existing Security Provider. 

 

	(b)	A copy of a resolution of the board of directors of each Obligor and each Existing Security Provider approving the terms of, and the transactions contemplated by, this
Agreement and any other Finance Documents to which it is, or will become, a party. 

  

	(c)	A specimen of the signature of each person authorised on behalf of an Obligor and each Existing Security Provider to execute or witness the execution of this Agreement
and any other Finance Document or to sign or send any document or notice in connection with this Agreement and any other Finance Document. 

  

	(d)	An up-to-date extract from the Luxembourg Trade and Companies Register in respect of the Borrower under the Term Loan M Facility. 

 

	(e)	An up-to-date negative certificate (certificat de non-inscription d’une decision judicaire) issued by the Luxembourg Trade and Companies register in respect
of the Borrower under the Term Loan M Facility. 

  

	(f)	A copy of the minutes of the shareholders’ meeting of each Belgian Obligor and each Belgian Existing Security Provider (other than Telenet Group Holding NV):

  

	 	(i)	approving for the purposes of article 556 of the Belgian Companies Act, the terms of and transactions contemplated by this Agreement; and 

 

	 	(ii)	authorising named persons to fulfil the formalities with the Registry of the Commercial Court of the registered office of such Obligor or Existing Security Provider
following the decision taken in accordance with the above. 

  

	(g)	A certificate of an authorised signatory of the Borrower under the Term Loan M Facility: 

 

	 	(i)	confirming that utilising the Total Commitments (including the Term Loan M Facility Commitment) in full would not breach any limit binding on any Obligor; and

  

	 	(ii)	certifying that each copy document specified in this Schedule 2 is correct, complete and in full force and effect as at a date no earlier than the date of this
Agreement. 

  

	(h)	A copy of the most recent annual accounts of the Borrower or, in the absence thereof, a copy of the opening balance sheet of the Borrower under the Term Loan M
Facility. 

  

	(i)	Evidence that the agent of the Borrower under the Finance Documents for service of process in England has accepted its appointment. 

 

	(j)	Evidence required by the Finance Parties for the purpose of any applicable money laundering regulations. 

  
 11 

	2.	Legal opinions 

  

	(a)	A legal opinion of Allen & Overy LLP, English legal advisers to the Facility Agent, addressed to the Finance Parties and the initial purchasers under the
Purchase Agreement executed in respect of the Notes. 

  

	(b)	A legal opinion of Allen & Overy LLP, Belgian legal advisers to the Facility Agent, addressed to the Telenet Finance Parties and the initial purchasers under
the Purchase Agreement executed in respect of the Notes. 

  

	(c)	A legal opinion of Allen & Overy Luxembourg, Luxembourg legal advisers to the Facility Agent, addressed to the Finance Parties and the initial purchasers under
the Purchase Agreement executed in respect of the Notes. 

  

	3.	Other 

  

	(a)	Confirmation by the Telenet Additional Facility M Lender that the Notes have been issued. 

 

	(b)	Deed of Accession in respect of the Telenet Additional Facility M Lender accession to the Intercreditor Agreement as a Lender. 

  
 12 

 SIGNATORIES 

 

			
	 AGENTS

	
	THE BANK OF NOVA SCOTIA as Facility Agent
		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

 [signature page to Accession Agreement to Credit Agreement] 

			
	 KBC BANK NV as Security Agent

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

  

[signature page to Accession Agreement to Credit Agreement] 

			
	BORROWER
	
	 TELENET INTERNATIONAL FINANCE S.A.

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

  

[signature page to Accession Agreement to Credit Agreement] 

			
	 GUARANTORS

	
	 TELENET NV

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

	
	 TELENET INTERNATIONAL FINANCE S.A.

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

  

[signature page to Accession Agreement to Credit Agreement] 

			
	 EXISTING SECURITY PROVIDERS

	
	 TELENET NV

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

	
	 TELENET GROUP HOLDING NV

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

	
	 TELENET VLAANDEREN NV

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

	
	TELENET INTERNATIONAL FINANCE S.A.
		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

  

[signature page to Accession Agreement to Credit Agreement] 

			
	TELENET ADDITIONAL FACILITY M LENDER
	
	TELENET FINANCE LUXEMBOURG S.C.A. acting by its General Partner,
	 TELENET FINANCE LUXEMBOURG S.à r.l.

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

		
	 By:
	 	 Authorized Signatory

	 Name:

	 Title:

  

[signature page to Accession Agreement to Credit Agreement]

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