Document:

AMENDMENT DATED NOVEMBER 1, 2001

 

Exhibit 4.4

	 	 	 	 	 
	 	 	
    
	 	 	 	 	
    The Toronto-Dominion Bank

    Incorporated in Canada with Limited
    Liability

    Triton Court, 14/18 Finsbury Square

    London, EC2A 1DB

    T: 44 (020) 7920 0272 F: 44 (020) 7638 0006

    Telex 886142
    

1 November 2001

British Sky Broadcasting Group Plc

Grant Way

Isleworth

Middlesex

TW7 5QD

For the attention of: Neil Chugani, Head of
Corporate Finance and Treasury

Dear Sirs,

Amendment of £750m RCF

		
	1.	
    We refer to the £750m Revolving Credit
    Facility Agreement dated 29th June, 1999 (as amended)
    and made between British Sky Broadcasting Group Plc as Borrower,
    British Sky Broadcasting Limited and Sky Subscribers Services
    Limited as Guarantors, Toronto Dominion Bank Europe Limited and
    Citibank, N.A. as Arrangers, the banks named therein as Banks
    and the Toronto-Dominion Bank as Agent (as amended) (the
    “£750m RCF”).
    
	 
	2.	
    Unless the context otherwise requires, words and
    expressions used in this letter have the same meanings as in the
    £750m RCF.
    
	 
	3.	
    This letter is to record the agreement of the
    Majority Lenders to the following amendment to the
    £750m RCF:
    

			
	 	3.1	
    Clause 1.2 of the £750m RCF shall be
    amended so that:
    

			
	 	•	
    the definition of “Disclosure
    Letter” shall be deleted and replaced with the
    following:
    

		
	 	
    “Disclosure Letter” means the
    letter of even date written by the Borrower to the Agent and the
    Supplemental Disclosure Letter.
    

			
	 	3.2	
    The following definition shall be added in the
    correct alphabetical position:
    

		
	 	
    “Supplemental Disclosure Letter”
    means the letter dated 31 October, 2001 from the Borrower
    to the Agent.
    

		
	4.	
    Except as amended by this letter, the terms of
    the £750m RCF continue in full force and effect.
    

	 	 	 
	 	 	
    Regulated by the Securities and Futures Authority
    
	 	 	
    Registered as a branch at Companies House, Cardiff
    
	 	 	
    Company No. FC004422 Branch No. BR001499
    
	 	 	
    Member of TD Bank Financial Group
    
	 	 	
    Head Office: P.O. Box 1, Toronto-Dominion
    Centre
    
	 	 	
    Toronto, Ontario, Canada, M5K 1A2
    
	
    
    

    	 	 

 

		
	5.	
    This letter is governed by and shall be construed
    in accordance with English law.
    

If you agree with the above, please sign where
indicated below.

Yours faithfully

/s/ HOWARD BAKER

For and on behalf of

The Toronto-Dominion Bank

as agent

We agree to the above

	 	 	 
	
    By: /s/ M D Stewart
    	 	
    By: /s/ M D Stewart
    
	
    
    

    	 	
    

	
    
    For and on behalf of
    

    	 	
    For and on behalf of
    
	
    
    British Sky Broadcasting Group Plc

    	 	
    British Sky Broadcasting Limited

	 	 	 	 	 
	 	 	
    By: /s/ M D Stewart
    	 	 
	 	 	
	 	 
	 	 	
    For and on behalf of
    	 	 
	 	 	
    Sky Subscribers LimitedTHIRD SUPPLEMENTAL AGREEMENT DATED APRIL 26, 2002

 

Exhibit 4.5

DATED 26 April 2002

THIRD SUPPLEMENTAL AGREEMENT

relating to

a Revolving Credit Facility of up

to £750,000,000

to

BRITISH SKY BROADCASTING GROUP PLC

Guaranteed by

CERTAIN SUBSIDIARIES OF

BRITISH SKY BROADCASTING GROUP PLC

Arrangers

TORONTO DOMINION BANK EUROPE LIMITED

and

CITIBANK, N.A.

Agent

THE TORONTO-DOMINION BANK

Norton Rose

 

Contents

	 	 	 	 	 	 	 
	Clause				Page
	
				

	
    
    1
    

    	 	
    Interpretation
    	 	 	1	 
	
    
    2
    

    	 	
    Amendments to the Principal Agreement
    	 	 	2	 
	
    
    3
    

    	 	
    Representations and warranties
    	 	 	2	 
	
    
    4
    

    	 	
    Expenses
    	 	 	3	 
	
    
    5
    

    	 	
    Effective Date
    	 	 	3	 
	
    
    6
    

    	 	
    Miscellaneous
    	 	 	4	 
	
    
    7
    

    	 	
    Governing Law
    	 	 	4	 
	
    Schedule 1 Guarantors
    	 	 	5	 

 

THIS THIRD SUPPLEMENTAL
AGREEMENT is dated 26 April 2002
and made BETWEEN:

		
	(1)    	
    BRITISH SKY BROADCASTING GROUP
    PLC as Borrower;
    
	 
	(2)    	
    THOSE SUBSIDIARIES OF BRITISH SKY BROADCASTING
    GROUP PLC whose names and registered
    offices or principal places of business are set out in
    schedule 1 as Guarantors;
    
	 
	(3)    	
    TD BANK EUROPE
    LIMITED (formerly known as Toronto
    Dominion Bank Europe Limited) and CITIBANK, N.A. as
    Arrangers; and
    
	 
	(4)    	
    THE TORONTO-DOMINION
    BANK as Agent (in accordance with
    clause 18.2 (Amendment; waivers) of the Principal
    Agreement).
    

WHEREAS:

		
	(A)	
    This Third Supplemental Agreement is supplemental
    to an agreement dated 29th June 1999, made between British
    Sky Broadcasting Group plc as Borrower (1), the companies
    whose names and registered offices are set out in
    schedule 1 thereto as Guarantors (2), Toronto Dominion
    Bank Europe Limited and Citibank, N.A. as Arrangers
    (3), the Banks as lending Banks (4) and The
    Toronto-Dominion Bank as Agent (5) (as amended by, inter
    alia, a first supplemental agreement dated 23 February 2000
    and a second supplemental agreement dated 24 July 2000) (as
    further amended and waived), whereby the Banks agreed to make
    available to the Borrower a revolving credit facility of up to
    £750,000,000 upon the terms and subject to the conditions
    therein contained (the agreement being the “Principal
    Agreement”).
    
	 
	(B)	
    The Borrower and each of the Guarantors have
    requested that the Principal Agreement is amended to the extent
    set out in this Third Supplemental Agreement.
    

NOW IT IS HEREBY
AGREED as follows:

 

		
	1	
    Interpretation

 

		
	1.1	
    Definitions in Principal Agreement
    

		
	 	
     Unless the context otherwise requires and save
    as mentioned below, words and expressions defined in the
    Principal Agreement shall have the same meanings when used in
    this Third Supplemental Agreement. In this Third Supplemental
    Agreement, the expression the “Third Supplemental
    Agreement” shall mean this Supplemental Agreement and
    the expression the “Effective Date” shall have
    the meaning given to it in clause 5.1.
    

 

		
	1.2	
    Interpretation of Principal Agreement
    

		
	 	
     References in the Principal Agreement to
    “this Agreement” shall, with effect from the
    Effective Date and unless the context otherwise requires, be
    references to the Principal Agreement as amended by this Third
    Supplemental Agreement and words such as
    “herein”, “hereof”,
    “hereunder”, “hereafter”,
    “hereby”, and “hereto”, where
    they appear in the Principal Agreement shall be construed
    accordingly.
    

 

		
	1.3	
    Incorporation of certain references
    

		
	 	
     Clauses 1.3, 1.4 and 1.5 of the Principal
    Agreement shall be deemed to be incorporated in this
    Supplemental Agreement in full, mutatis mutandis.
    

1

 

 

		
	2	
    Amendments to the Principal
    Agreement

		
	 	
     Clause 1.2 of the Principal Agreement shall,
    with effect from the Effective Date, be amended so that
    paragraph (2) of the definition of
    “EBITDA” shall be deleted in its entirely and
    replaced by:
    

			
	 	“(2)	
    in addition to (1) above, in relation to each
    Half Yearly Period from (and including) 30 June 2000 to
    (and including) 30 June 2004 adjusted by adding back (to
    the extent deducted in calculating consolidated operating
    profit) the direct costs of subsidising digital set-top boxes
    and related equipment provided to digital subscribers and the
    cost of installation of digital services to such subscribers
    (net of any amount paid in respect of such installation by such
    subscribers) (the “Costs”). Provided that such
    adjustments shall only be made in respect of a Half Yearly
    Period in respect of any Costs up to the amount set against the
    relevant period in column (2) below:
    

	 	 	 	 	 
	(1)		(2)
	Period		Amount
	
		

	
    
    1 July 2002-31 December 2002
    

    	 	 	£125,000,000	 
	
    
    1 January 2003-30 June 2003
    

    	 	 	£100,000,000	 
	
    
    1 July 2003-31 December 2003
    

    	 	 	£75,000,000	 
	
    
    1 January 2004-30 June 2004
    

    	 	 	£50,000,000	”

     
The rest of the definition of
“EBITDA” shall otherwise remain as drafted.

 

		
	3	
    Representations and warranties

		
	3.1	
    Each Obligor represents and warrants to each of
    the Banks, Arrangers and Agent (the Borrower in respect of
    itself and its Subsidiaries and each other Obligor in respect of
    itself only) that:
    

 

		
	3.1.1	
    Corporate power
    

		
	 	
     the Borrower and each Guarantor has power to
    execute, deliver and perform its obligations under this
    Supplemental Agreement and all necessary corporate, shareholder
    and other action has been taken to authorise the execution,
    delivery and performance of this Third Supplemental Agreement;
    

 

		
	3.1.2	
    Binding obligations
    

		
	 	
     this Third Supplemental Agreement constitutes
    valid and legally binding obligations of the Borrower and each
    of the Guarantors enforceable in accordance with its terms to
    the extent permitted by applicable law;
    

 

		
	3.1.3	
    No conflict with other obligations
    

		
	 	
     the execution and delivery of, the performance
    of its obligations under, and compliance with the provisions of,
    this Third Supplemental Agreement by the Borrower and each of
    the Guarantors will not (i) contravene, in any material respect,
    any existing applicable law, statute, rule or regulation or any
    judgment, decree or permit to which the Borrower and each
    Guarantor is subject, (ii) conflict with, or result in any
    breach of any of the terms of, or constitute a default under,
    any agreement or other instrument to which the Borrower or any
    of the Guarantors is a party or is subject or by which it or any
    of its property is bound, (iii) contravene or conflict with
    any provision of the Borrower’s or any of the
    Guarantors’ constitutive documents or (iv) result in
    the creation or imposition of or oblige the Borrower
    

2

 

		
	 	
    of any of the Guarantors to create any
    Encumbrance on the Borrower’s or any of the
    Guarantor’s undertakings, assets, rights or revenues;
    

3.1.4 Consents obtained

		
	 	
    every consent, authorisation, licence or approval
    of, or registration with or declaration to, governmental or
    public bodies or authorities or courts required by the Borrower
    or any of the Guarantors to authorise, or required by the
    Borrower or any of the Guarantors in connection with, the
    execution, delivery, validity, enforceability or admissibility
    in evidence of this Third Supplemental Agreement or the
    performance by the Borrower or any of the Guarantors of their
    respective obligations under this Third Supplemental Agreement
    has been obtained or made and is in full force and effect in all
    material respects and there has been no default in the
    observance of the material conditions or restrictions (if any)
    imposed in, or in connection with, any of the same; and
    

3.1.5 No filings required

		
	 	
    it is not necessary to ensure the legality,
    validity, enforceability or admissibility in evidence of this
    Third Supplemental Agreement that it or any other instrument be
    notarised, filed, recorded, registered or enrolled in any court,
    public office or elsewhere in any Relevant Jurisdiction or that
    any stamp, registration or similar tax or charge be paid in any
    Relevant Jurisdiction on or in relation to this Third
    Supplemental Agreement and this Third Supplemental Agreement is
    in proper form for its enforcement in the courts of each
    Relevant Jurisdiction.
    

3.2    Repetition

		
	 	
    The representations and warranties in
    clause 3.1 shall be deemed to be repeated by the Borrower
    and each of the Guarantors on and as of each date of drawing of
    an Advance as if made with reference to the facts and
    circumstances existing on each such day and shall be treated as
    representations and warranties for the purpose of determining
    whether an Event of Default has occurred in accordance with
    clause 13.1 (d) of the Principal Agreement
    

4      Expenses

4.1    Expenses

		
	 	
    The Borrower shall pay to Agent within
    14 days of demand all reasonable expenses (including legal
    fees) properly incurred by the Arrangers and the Agent in
    connection with the negotiation, preparation and execution of
    this Third Supplemental Agreement.
    

4.2    Stamp and other duties
(general)

		
	 	
    The Borrower shall pay all stamp, documentary,
    registration or other like duties or Taxes (including any such
    duties or Taxes payable by, or assessed on, each of the Banks,
    Arrangers and Agent) imposed in the UK or in any other
    jurisdiction in which any party to this Third Supplemental
    Agreement (other than the Banks, the Arrangers and the Agent) is
    incorporated on or in connection with this Third Supplemental
    Agreement and shall indemnify each of the Banks, Arrangers and
    Agent against any liability arising by reason of any delay or
    omission by the Borrower to pay such duties or Taxes.
    

5      Effective
Date

5.1    Conditions precedent
documentation

		
	 	
    The amendments to be made to the Principal
    Agreement by this Supplemental Agreement shall take effect on
    and from the date (the “Effective Date”) on
    which the Agent notifies the other parties to this Third
    Supplemental Agreement that (i) the Agent has received the
    

    

3

 

		
	 	
     documents referred to in (a), (b) and (c) below
    in form and substance reasonably satisfactory to it and (ii) the
    amendment fees referred to in paragraph (d) have been paid
    to and received by the Agent:
    

			
	 	(a)	
    a certificate from the Company Secretary or a
    Director of the relevant company attaching the Memorandum and
    Articles of Association or equivalent constitutional documents
    of the Borrower and each of the Guarantors or confirmation that
    the same have not been amended from the forms delivered to the
    Agent pursuant to the Principal Agreement;
    
	 
	 	(b)	
    a copy, certified as a true copy by the Company
    Secretary or Director of the Borrower and each of the
    Guarantors, of resolutions of the Board of Directors of that
    Borrower or Guarantor evidencing approval of this Third
    Supplemental Agreement and authorising its appropriate officers
    to execute and deliver the same;
    
	 
	 	(c)	
    specimen signatures, authenticated by the Company
    Secretary or a Director of the relevant company of the persons
    authorised in the resolutions of the Board of Directors referred
    to in paragraph (b), above; and
    
	 
	 	(d)	
    for the account of each Bank which agreed the
    amendment set out in this Third Supplemental Agreement pursuant
    to clause 18.2 of the Principal Agreement, amendment fees
    in the amount of 25 basis points calculated on the
    aggregate Commitment of such Bank which agreed this amendment.
    

 

		
	6	
    Miscellaneous

 

		
	6.1	
    Continuation of Principal Agreement
    

		
	 	
    Save as amended by this Third Supplemental
    Agreement, the provisions of the Principal Agreement shall
    continue in full force and effect and the Principal Agreement
    and the relevant provisions of this Third Supplemental Agreement
    shall be read and construed as one instrument.
    

 

		
	6.2	
    Counterparts
    

		
	 	
     This Third Supplemental Agreement may be
    executed in any number of counterparts and by the different
    parties on separate counterparts, each of which when so executed
    and delivered shall be an original but all counterparts shall
    together constitute one and the same instrument.
    

 

		
	6.3	
    Third Party Rights
    

		
	 	
     No term of this Supplemental Agreement is
    enforceable under the Contracts (Rights of Third Parties) Act
    1998 by a person who is not party to this Third Supplemental
    Agreement.
    

 

		
	7	
    Governing Law

		
	 	
     This Third Supplemental Agreement shall be
    governed by English law.
    

     
IN WITNESS whereof
the parties hereto have caused this Third Supplemental Agreement
to be duly executed the day and year first above written.

4

 

Schedule 1

Guarantors

British Sky Broadcasting Limited

Grant Way

Isleworth

Middlesex TW7 5QD

No. 2906991

Sky Subscribers Services Limited

Grant Way

Isleworth

Middlesex TW7 5QD

No. 2340150

5

 

The Borrower

SIGNED for and on
behalf of

BRITISH SKY BROADCASTING

GROUP PLC

		
	by:	
    /s/ M. D. Stewart
    

The Guarantors

SIGNED for and on
behalf of

BRITISH SKY BROADCASTING

LIMITED

		
	by:	
    /s/ M. D. Stewart
    

SIGNED for and on behalf of

SKY SUBSCRIBERS SERVICES

LIMITED

		
	by:	
    /s/ M. D. Stewart
    

The Arrangers

SIGNED for and on
behalf of

TD BANK EUROPE LIMITED

		
	by:	
    /s/ Howard Baker
    

SIGNED for and on
behalf of

CITIBANK, N.A.

		
	by:	
    /s/ Michael Llewellyn-Jones
    

The Agent

SIGNED for and on
behalf of

THE TORONTO-DOMINION

BANK

		
	by:	
    /s/ Howard Baker
    

6

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