Document:

EXHIBIT 4.12.2

	

	

(Face of Debenture)
	

	

13% Senior Subordinated Exchange Debentures due 2009

	
No.	
 	

$              
	
ADELPHIA COMMUNICATIONS CORPORATION
	

promises to pay to                          or registered assigns, the principal sum of
                         Dollars on July 15, 2009.

	

        Interest Payment Dates:    January 15, and July 15	
 	

 
	

        Record Dates:    January 1, and July 1	
 	

 

	 	 	Dated:
	

 	
 	

ADELPHIA COMMUNICATIONS CORPORATION
	

 	
 	

By:	

    

	 	 	 	Name:

Title:

	This is one of the Exchange Debentures

referred to in the within-

mentioned Indenture:	 	(SEAL)
	

BANK OF MONTREAL TRUST COMPANY,

as Trustee	
 	

 
	

By:	
 	

    
 Authorized Signature	
 	

 

(Back
of Debenture) 

13%
Senior Subordinated Exchange Debentures due 2009 

        [Unless
and until it is exchanged in whole or in part for Exchange Debentures in definitive form, this Exchange Debenture may not be transferred except as a whole by the
Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or
a nominee of such successor Depository. Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) ("DTC"), to the
issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as may be requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or such other entity as may be requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] 1 

THE
EXCHANGE DEBENTURES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT (1) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE), (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (4) TO INSTITUTIONAL ACCREDITED INVESTORS IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 

        Capitalized
terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

	1
	This
paragraph should be included only if the Debenture Exchange is issued in global form. 

 

        1.     INTEREST.    Adelphia Communications Corporation, a Delaware corporation (the
"Company") promises to pay interest on the principal amount of this Debenture at 13% per annum from
                         until
July 15, 2009 and shall pay the Liquidated Damages, if any, payable pursuant to Section 5 of the Registration Rights Agreement referred to below. The Company shall pay interest and
Liquidated Damages, if any, semi-annually in arrears on January 15 and July 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day
(each an "Interest Payment Date"). Interest on the Exchange Debentures will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Exchange
Debenture is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date;  provided,
further, that the first Interest Payment Date shall be                         . The Company shall
pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal from time to time on demand at a rate equal to the per annum rate on the Exchange Debentures then in
effect; it shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue installments of interest and Liquidated Damages, if any, (without regard
to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day
months. 

        2.     METHOD OF PAYMENT.    The Company shall make payments in respect of the Exchange Debentures represented by the
Global Exchange Debenture (including principal, interest and Liquidated Damages, If any) by wire transfer of immediately available funds to the accounts specified by the Exchange Debenture Custodian.
With respect to Exchange Debentures issued in definitive form, the Company shall make all payments of principal, interest and liquidated damages, if any, by mailing a check to each such Holder's
registered address, provided that payments with respect to Exchange Debentures having an aggregate principal amount of $100,00 or more, the Holders of
which have given wire transfer instructions to the Company at least ten business days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds
to the accounts specified by the Holders thereof. The Exchange Debentures represented by the Global Exchange Debentures are expected to be eligible to trade in DTC's Same-Day Funds
Settlement System, and any permitted secondary market trading activity in such notes will, therefore, be required by DTC to be settled in immediately available funds. The Company expects that
secondary trading in the Definitive Exchange Debentures also will be settled in immediately available funds. 

        3.     PAYING AGENT AND REGISTRAR.    Initially, Bank of Montreal Trust Company, the Trustee under the Indenture, will
act as Paying Agent and Registrar. The Exchange Debentures may be presented for registration of transfer and exchange at the offices of the Registrar. The Company may change any Paying Agent or
Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

        4.     INDENTURE.    The Company issued the Exchange Debentures under an Indenture dated as of
                        ,              ("Indenture") between the Company and the Trustee. The terms
of the Exchange Debentures include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code
§§ 77aaa-77bbbb). The Exchange Debentures are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. The
Exchange Debentures are senior subordinated unsecured obligations of the Company limited to $150 million in aggregate principal amount. 

        5.     OPTIONAL REDEMPTION

        The
Exchange Debentures will be subject to redemption on or after                         , 2002 at the option of the Company,
in whole or in part, upon not less than
30 nor more than 60 days' notice, at the redemption prices (expressed as percentages of principal amount thereof) set forth below plus 

2

 

accrued
and unpaid interest and Liquidated Damages, if any, thereon to the applicable redemption date, if redeemed during the twelve-month period beginning on July 15 of the years indicated
below: 

	Year
 
	 	Redemption

Rate
	 
	2002	 	106.500	%
	2003	 	105.417	%
	2004	 	104.333	%
	2005	 	103.250	%
	2006	 	102.167	%
	2007	 	101.083	%
	2008 and thereafter	 	100.000	%

        In
addition, prior to July 15, 2000 the Company may, at its option, redeem up to 33% of the aggregate of (i) the Liquidation Preference of the Exchangeable Preferred Stock
issued less the Liquidation Preference of Exchangeable Preferred Stock exchanged for Exchange Debentures and (ii) the principal
amount of Exchange Debentures issued, with the net proceeds of one or more common equity offering received on or after the date of original issuance of the Exchangeable Preferred Stock at a redemption
price of 113% of the Liquidation Preference or principal amount, as the case may be, plus accumulated and unpaid dividends and Liquidated Damages, in the case of Exchangeable Preferred Stock and
accrued and unpaid interest and Liquidated Damages, in the case of Exchange Debentures; provided, that after any such redemption, at least 67% of the
aggregate of (i) the Liquidation Preference of the Exchangeable Preferred Stock issued less the Liquidation Preference of Exchangeable Preferred Stock exchanged for Exchange Debentures and
(ii) the principal amount of Exchange Debentures issued remain outstanding; and provided further, that any such redemption shall occur within
75 days of the date of closing of such offering of common equity of the Company. 

        6.     MANDATORY REDEMPTION.    Except as set forth in paragraph 7 below, the Company shall not be required to
make mandatory redemption payments with respect to the Exchange Debentures. 

        7.     REPURCHASE AT OPTION OF HOLDER.    Within 50 days of (i) the proposed occurrence of a Change of
Control or (ii) the occurrence of Change of Control Triggering Event, the Company shall be required to make an offer (a "Change of Control
Offer") to repurchase all or any part (equal to $1,000 or an integral multiple thereof) of each Holder's Exchange Debentures at a purchase price equal to 100% of the principal
amount thereof plus accrued and unpaid interest and Liquidated Damages thereon, if any, to the date of purchase, which date shall be no later than 50 days from the date such notice is mailed
(the "Change of Control Payment Date"). Within 50 days of (i) the proposed occurrence of a Change of Control or (ii) the occurrence
of Change of Control Triggering Event, the Company shall mail a notice to each holder setting forth the procedures governing the Change of Control Offer as required by the Indenture. Such right to
require the repurchase of Exchange Debentures shall not continue after discharge of the Company from its obligations with respect to the Exchange Debentures. The board of directors of the Company may
not waive this provision. 

        8.     SUBORDINATION.    Each Holder by accepting an Exchange Debenture agrees that the payment of principal of,
premium, if any, interest and liquidated damages on the Exchange Debentures is subordinated in right of payment, to the extent and in the manner provided in Article 11 of the Indenture, to the
prior payment in full of all Senior Debt (whether outstanding on the date of the Indenture or thereafter incurred), and that the subordination is for the benefit of the holders of Senior Debt. 

        9.     DENOMINATIONS, TRANSFER, EXCHANGE.    The Exchange Debentures are in registered form without coupons in minimum
denominations of $1,000 in excess thereof. The transfer of Exchange Debentures may be registered and Exchange Debentures may be exchanged as provided in the Indenture. 

3

 

        10.   PERSONS DEEMED OWNERS.    The registered Holder of a Exchange Debenture may be treated as its owner for all
purposes. 

        11.   AMENDMENT, SUPPLEMENT AND WAIVER.    Subject to certain exceptions, the Indenture or the Exchange Debentures
may be amended and supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Exchange Debentures, and any existing default or compliance with any
provision of the Indenture or the Exchange Debentures may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Exchange Debentures. Without the consent
of any Holder of an Exchange Debenture, the Indenture or the Exchange Debentures may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertified Exchange
Debentures in addition to or in place of certificated Exchange Debentures, to provide for the assumption of the Company's obligations to Holders of the Exchange Debentures in case of a merger or
consolidation, to transfer, assign, mortgage or pledge any property to the Trustee and otherwise comply with the covenant to secure Exchange Debentures equally with other Subordinated Indebtedness, to
make any change that would provide any additional rights or benefits to the Holders of the Exchange Debentures or that does not adversely affect the legal rights under the Indenture of any such
Holder, or to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the Trust Indenture Act. 

        12.   DEFAULTS AND REMEDIES.    An Event of Default occurs if: (i) the Company defaults in the payment when
due of any interest on, or Liquidated Damages with respect to, any Exchange Debenture and such default continues for a period of 30 days (whether or not prohibited by Article 11 of the
Indenture; (ii) the Company defaults in the payment of the principal of any Exchange Debenture at its maturity (whether or not prohibited by Article 11 of the Indenture);
(iii) the Company fails to observe or perform any other covenant, representation, warranty or other agreement in the Indenture or the Exchange Debentures for 60 days after written notice
to the Company but the Trustee or the Holders of at least 25% in principal amount of the Exchange Debentures then outstanding; (iv) the Company fails to pay when due principal, interest or
premium aggregating $10,000,000 or more with respect to any Indebtedness of the Company or any Restricted Subsidiary, or the acceleration of any such Indebtedness which default shall not be cured or
waived, or such acceleration shall not be rescinded or annulled, within 10 days after written notice; (v) a final judgment or final judgments for the payment of money are entered by a
court or courts of competent jurisdiction against the Company or any of its Restricted Subsidiaries and such judgment or judgments remain undischarged for a period (during which execution shall not be
effectively stayed) of 60 days, provided that the aggregate of all such judgments exceeds $10,000,000; or (vi) the Company or any
Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the date of the event described in this clause, pursuant to or within the meaning of Bankruptcy Law:
(a) commences a voluntary case, (b) consents to the entry of an order for relief against it in an involuntary case, (c) consents to the appointment of a Custodian of it or for all
or subsequently all of its property, or (d) makes a general assignment for the benefit of its creditors, (vii) a court of competent jurisdiction enters an order or decree under any
Bankruptcy Law that: (a) is for relief against the Company, or any Restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such order or decree
in an involuntary case, (b) appoints a custodian of the Company, or any Restricted Subsidiary of restricted Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the
effective date of such order or decree or for all or substantially all of its property or (c) orders the liquidation of the Company, or any restricted Subsidiary with liabilities greater than
$10,000,000 under GAAP as of the effective date of such order or decree; and the order or decree remains unstayed and in effect for 60 consecutive days. If any Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Exchange Debentures may declare all the Exchange Debentures to be due and payable immediately.
Notwithstanding the foregoing, in the case an Event of Default specified in clauses (6) or (7) of Section 6.01 of the Indenture occurs with respect to the Company, or a Restricted
Subsidiary with liabilities of greater than $10,000,000 under GAAP as of the effective date of such 

4

 

order
or decree, all outstanding Exchange Debentures will become due and payable without further action or notice. Holders of the Exchange Debentures may not enforce the Indenture or the Exchange
Debentures except as provided in the Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Exchange Debentures may direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders of the Exchange Debentures notice of any continuing Default or Event of Default (except a Default or Event of Default relating to
the payment of principal or interest) if it determines that withholding notice is in their interest. The Holders of not less than a majority in aggregate principal amount of the Exchange Debentures
then outstanding by notice to the Trustee may on behalf of the Holders of all of the Exchange Debentures waive any existing Default or Event of Default and its consequences under the Indenture, except
a continuing Default or Event of Default in the payment of the principal of and Liquidated Damages, if any, or interest on, the Exchange Debentures (provided,
however, that the Holders of a majority in aggregate amount of the then outstanding Exchange Debentures may rescind an acceleration and its consequence, including any related
payment default) or a default with respect to any covenant or provision which cannot be modified or amended without the consent of the Holder of each outstanding Debenture affected. 

        The
Company is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event
of Default, to deliver to the Trustee a statement specifying such Default or Event of Default and what action the Company is taking or proposes to take thereto. 

        13.   TRUSTEE DEALINGS WITH COMPANY.    The Trustee, in its individual or any other capacity, may make loans to,
accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

        14.   NO RECOURSE AGAINST OTHERS.    A director, officer, employee, incorporator or stockholder of the Company, as
such, shall not have any liability for any obligations of the Company under the Exchange Debentures or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder by accepting a Exchange Debenture waives and releases all such liability including any rights any general partner of the Company in its capacity as general partner. The
waiver and release are part of the consideration for the issuance of the Exchange Debentures. 

        15.   AUTHENTICATION.    This Debenture shall not be valid until authenticated by the manual signature of the Trustee
or an authenticating agent. 

        16.   ABBREVIATIONS.    Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TENENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 

        17.   ADDITIONAL RIGHTS OF HOLDERS OF TRANSFER RESTRICTED SECURITIES.    In addition to the rights provided to
Holders of Exchange Debentures under the Indenture, Holders of Transfer Restricted Securities shall have all the rights set forth in the Registration Rights Agreement dated as of July 7, 1997,
between the Company and the parties named on the signature pages thereof (the "Registration Rights Agreement"). 

        18.   CUSIP NUMBERS.    Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Company has caused CUSIP Numbers to be printed on the Exchange Debentures and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation
is made as to the accuracy of such numbers either as printed on the Exchange Debentures or as contained in any notice of redemption and reliance may be placed only on the other identification numbers
placed thereon. 

5

 

        The
Company shall furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 

Adelphia
Communications Corporation

Main at Water Street

Coudersport, PA 16915

Attention: Colin H. Higgin, Esq. 

6

 

ASSIGNMENT FORM  

        To assign this Debenture, fill in the form below: (I) or (we) assign and transfer this Debenture to 

	
 (Insert assignee's soc. sec. or tax I.D. no.)
	

	

	

	

 (Print or type assignee's name, address and zip code)

	

and irrevocably appoint	

 
	 	

	

	

Date:	

    
	
 	

Your Signature:	

    
 (Sign exactly as your name appears on the face of this Exchange Debenture)

7

 
OPTION OF HOLDER TO ELECT PURCHASE  

        If you want to elect to have this Exchange Debenture purchased by the Company pursuant to Article 3 of the Indenture, check the box below: 

o    Article 3

        If you want to elect to have only part of the Exchange Debenture purchased by the Company pursuant to Article 3 of the Indenture, state the amount you
elect to have purchased:
$                                         
                                          
      

	

Date:	

 	
 	

Your Signature:	

 
	 	
	 	 	
 (Sign exactly as your name appears on the face of the Exchange Debenture)

	

 	

 	
 	

Tax Identification No.:	

    

8EXHIBIT 10.01.1  

MANAGEMENT AGREEMENT  

        MADE AS OF the 28th day of September, 2001, by and between Olympus Communications, LP., a Delaware limited partnership ("Manager"), Olympus Cable Holdings, LLC, a
Delaware limited liability company, Adelphia Holdings 2001, LLC, a Delaware limited liability company, Highland Video Associates, L.P., a Pennsylvania limited partnership, Coudersport Television Cable
Company, a Pennsylvania corporation, and Adelphia Company of Western Connecticut, a Connecticut corporation, each on its own behalf and on behalf of each of their direct or indirect subsidiaries as of
the date hereof as set forth on Schedule 1 and from time to time which receive services of the Manager hereunder (collectively, the "Company"). 

WITNESSETH: 

        WHEREAS,
the Company owns and operates community antenna television ("CATV") systems located in and serving various communities and their environs (all such CATV systems, together with
any CATV systems hereinafter acquired by the Company, collectively, the "Managed System"); and 

        WHEREAS,
because of economies of scale and managerial depth and experience, Manager is able to provide administrative and management services to the Company more cost effectively and
with a higher level of quality than if the Company developed such functions internally; and 

        WHEREAS,
Manager and the Company have mutually agreed that Manager should provide certain management services to the Company and Manager is willing to provide such services on the terms
and subject to the conditions set forth herein. 

        NOW,
THEREFORE, in consideration of the mutual covenants contained herein and intending to be legally bound thereby, the parties hereto covenant and agree as follows: 

	1.
	Duties of Manager.    Manager shall (a) provide billing, collection, accounting, legal and other administration
services to the Company; (b) operate the Managed System, inspect and supervise the proper adjustment of the Managed System, and supervise the design, engineering and installation of any
improvements or expansions of the Managed System; (c) furnish the Company with prompt and continuous technical and electronic advice and services required to maintain the Managed System in a
satisfactory state of operation so that (i) the Managed System will provide good and saleable visual and aural signals for all subscribers connected to the Managed System, and (ii) the
Managed System may be operated in conformity with the franchises, if any, granted by the above-mentioned communities and any other agreements to which the operation of the Managed System is subject;
(d) inspect the Managed System and make such changes as may be required or are desirable for the satisfactory operation, maintenance and repair of the Managed System and its facilities;
provided, however, that Manager may hire independent contractors to make tests and provide maintenance and repair work to the Managed System and related equipment and the Company shall bear all costs
of such tests, maintenance and repair work; (e) during emergency situations, furnish the Company with skilled technical and electronic personnel and the Company will reimburse Manager for the
cost of such personnel; (f) make available to the Company methods of marketing, advertising and otherwise obtaining subscribers for the services offered by the Managed System;
(g) coordinate marketing, advertising and publicity for the Managed System; (h) recruit, train and supervise employees as may be required from time to time, including but not limited to,
a system general manager, manager of programming origination, engineer, technicians, linemen, office manager and clerical employees; (i) perform all other services required for the successful
operation of the Managed System except those services normally rendered by the system general manager, superintendent of maintenance-construction, sales manager, manager of program origination,
technicians, linemen and clerical employees, it being the intent of this Agreement that the Company shall pay the salaries of and other employment expenses relating to all such persons employed by
Manager with respect to Manager's 

management
of the Managed System; (j) supervise preventive maintenance of the Managed System; (k) supervise testing of the Managed System in connection with compliance with Federal
Communications Commission's rules and regulations; and (l) make recommendations to the management of the Company through reports in a form satisfactory to them regarding the status of the
operation of the Managed System. 

	2.
	Obligations of the Company.    In order to assist Manager in the performance of its duties, as set forth herein, the Company
shall: (a) maintain full and adequate records and accounts of all its property, costs, expenses of operation, receipts for services, fees and other income, interest costs and depreciation
practices; (b) at its own expense, furnish to Manager, at least annually, full and accurate audited financial statements prepared by a certified public accountant in accordance with generally
accepted accounting principles consistently applied with prior periods and certified by such accountant as presenting fairly the financial condition of the Managed System as of the dates of such
financial statements; (c) at its own expense, furnish to Manager, not less than quarterly, unaudited statements of operation; and (d) at its own expense, furnish accounting and legal
services appropriate for the acquisition and operation of the System.

	3.
	Management Fee.    In consideration of the services rendered by Manager pursuant to this Agreement, the Company shall pay
Manager a management fee in an amount equal to five percent (5%) of the Company's gross operating revenues from operations as disclosed by the Company's quarterly unaudited statements of operation,
subject to a final adjustment at the Company's fiscal year end.

	4.
	Reimbursable Expenses.    On a quarterly basis and subject to any Senior Agreement (as defined below), and upon presentation
of an invoice, the Company shall reimburse Manager for the Company's share of out-of-pocket expenses for independent contractors, employee expenses and other expenses incurred
by Manager directly in connection with the Managed System and reimbursable by the Company as provided in Section 1 hereof (the "Reimbursable Expenses").

	5.
	Payment of Management Fees.

	5.1
	Except
as expressly set forth herein, Management Fees shall be paid quarterly by the Company to Manager.

	5.2.
	Manager
and the Company acknowledge and agree that payment of the Management Fees may be subject to the terms of certain senior loan agreements, senior promissory notes or senior
demand notes and/or related security documents (collectively, the "Senior Agreements") between the Company (as a borrower or as a restricted subsidiary of a borrower) and one or more commercial banks
or institutional lenders (the "Senior Lenders"). No payment of any Management Fees shall be made by the Company, and Manager shall take no action to enforce collection of any such Management Fees,
which payment or enforcement would result in a violation of any covenant in any Senior Agreement.

	5.3
	Subject
to the terms of any Senior Agreement, Management Fees not paid by the Company pursuant to subparagraph (b) hereof may be deferred and paid to Manager thereafter;
provided such payment does not violate any Senior Agreement.

	5.4
	Under
no circumstances shall Manager be required to return to the Company any payment of Management Fees which would cause Manager to be in default (whether at such time or upon
notice or lapse of time or both) under any of its loan or note purchase agreements or documents with its senior secured lenders.

	6.
	Company's Rights and Obligations.    The Company agrees to give serious consideration to all management recommendations made
by Manager, but reserves the right to reject any or all of Manager's recommendations and to conduct its operations in the manner which it deems to be suited to the profitable operation of the Managed
System and the business of the Company.

	7.
	Term of Agreement.    This Agreement shall continue for a term of ten years, and from year to year thereafter, unless and
until either Manager or the Company gives the other at least 90 days' 

written
notice in advance of an expiration date of its intention not to renew this Agreement, in which case this Agreement shall terminate on the next annual expiration date. Notwithstanding the
foregoing, the Company may terminate this Agreement upon 90 days' prior written notice in the event of gross negligence, unlawful misconduct or a negligent breach hereof by Manager.
Furthermore, this Agreement shall terminate, at the option of the Company or its successor, upon the sale of all or a majority of the Company's capital stock to, or a sale of all or substantially all
the assets of the Company, or a merger of the Company into (and not as the surviving corporation), any entity which is not controlled by Adelphia Communications Corporation. 

	8.
	Manager Staffing.    Manager agrees during the term of this Agreement, as the same may be extended, to maintain an adequate
staff of personnel for the performance of the services which it has agreed to furnish to the Company.

	9.
	Assignability.    The Company agrees that Manager may assign this Agreement, without the consent of the Company, to any entity
which, directly or indirectly, is controlling or controlled by Adelphia Communications Corporation, or any successor to Adelphia Communications Corporation by merger, consolidation, purchase of
substantia1ly all the assets or otherwise. Either party to this Agreement may assign its right, title and interest in this Agreement or may assign its right, title and interest in this Agreement as
security for the repayment of indebtedness of either party to its senior lenders; provided, however, that this Agreement may not be transferred or otherwise assigned by Manager, either voluntarily or
by operation of law, without prior written consent of the Company. The Company may assign its rights under this Agreement to a transferee or assignee of the Managed System.

	10.
	Modification.    This Agreement may be amended or modified, but any amendment or modification may be made only by an
instrument in writing signed by the parties hereto.

	11.
	Notices.    Any notice, demand or other communication which any party hereto may be required, or may elect, to give to anyone
interested hereunder shall be sufficiently given if (a) deposited, postage prepaid, in a United States mail letter box, registered or certified mail, return receipt requested, addressed to such
address as may be given herein, or (b) delivered personally at such address.

	12.
	Counterparts.    This Agreement may be executed through the use of separate signature pages or in any number of counterparts,
and each of such counterparts shall, for all purposes, constitute one agreement binding on all the parties, notwithstanding that all parties are not signatories to the same counterpart.

	13.
	Binding Effect.    Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the
parties and their respective heirs, executors, administrators, successors, legal representatives and assigns.

	14.
	Entire Agreement.    This Agreement contains the entire agreement of the parties, and there are no representations, covenants
or other agreements except as stated or referred to herein.

	15.
	Applicable Law.    This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of
Pennsylvania. 

[INTENTIONALLY LEFT BLANK]

[SIGNATURE PAGE 1 OF 2 TO MANAGEMENT AGREEMENT]

        IN
WITNESS WHEREOF, this Management Agreement has been executed by the parties hereto as of the date first above written. 

	 	 	MANAGER:
	

 	
 	

OLYMPUS COMMUNICATIONS, L.P.
	

 	
 	

By:	
 	

ACC Operations, Inc.,

Its Managing General Partner
	

 	
 	

 	
 	

By:	
 	

/s/  COLIN H. HIGGIN      

	 	 	 	 	Name:	 	Colin H. Higgin
	 	 	 	 	Title:	 	Assistant Secretary

[SIGNATURE PAGE 2 OF 2 TO MANAGEMENT AGREEMENT]

	 	 	ADELPHIA COMPANY OF WESTERN CONNECTICUT
	

 	
 	

By:	
 	

/s/  COLIN H. HIGGIN      

	 	 	Name:	 	Colin H. Higgin

	 	 	Title:	 	Assistant Secretary

	

 	
 	

ADELPHIA HOLDINGS 2001, LLC
	 	 	By:	 	Olympus Subsidiary, LLC, its sole member
	 	 	 	 	By:	 	Olympus Communications, L.P., its sole member
	 	 	 	 	 	 	By:	 	ACC Operations, Inc., its managing general partner
	

 	
 	

By:	
 	

/s/  COLIN H. HIGGIN      

	 	 	Name:	 	Colin H. Higgin

	 	 	Title:	 	Assistant Secretary

	

 	
 	

COUDERSPORT TELEVISION CABLE COMPANY
	

 	
 	

By:	
 	

/s/  COLIN H. HIGGIN      

	 	 	Name:	 	Colin H. Higgin

	 	 	Title:	 	Assistant Secretary

	

 	
 	

OLYMPUS CABLE HOLDINGS, LLC
	 	 	By:	 	Olympus Subsidiary, LLC, its sole member
	 	 	 	 	By:	 	Olympus Communications, L.P., its sole member
	 	 	 	 	 	 	By:	 	ACC Operations, Inc., its managing general partner
	

 	
 	

By:	
 	

/s/  COLIN H. HIGGIN      

	 	 	Name:	 	Colin H. Higgin

	 	 	Title:	 	Assistant Secretary

	

 	
 	

HIGHLAND VIDEO ASSOCIATES, L.P.
	 	 	By:	 	Highland Holdings, a general partner
	

 	
 	

By:	
 	

/s/  MICHAEL J. RIGAS      

	 	 	Name:	 	Michael Rigas

	 	 	Title:	 	Assistant Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]