Document:

ex_173056.htm

Exhibit 4.1

 

DESCRIPTION OF SECURITIES OF CABLE ONE, INC.

REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

General

 

As of February 21, 2020, Cable One, Inc. (“Cable One,” “us,” “our,” “we” or the “Company”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) — our common stock, par value $0.01 per share.

 

The following description summarizes information concerning our common stock registered under Section 12 of the Exchange Act, including material provisions of our Amended and Restated Certificate of Incorporation, Amended and Restated By-laws and certain provisions of Delaware law. The description does not purport to be complete and is qualified in its entirety by reference to the full text of our Amended and Restated Certificate of Incorporation and Amended and Restated By-laws, which are filed as exhibits to this Annual Report on Form 10-K. You are encouraged to read our Amended and Restated Certificate of Incorporation, our Amended and Restated By-laws and the applicable provisions Delaware law for greater detail with respect to these provisions.

 

Authorized Capital Stock

 

Our authorized capital stock consists of 40 million shares of common stock, par value $0.01 per share, and 4 million shares of preferred stock, par value $0.01 per share.

 

Our Amended and Restated Certificate of Incorporation authorizes our Board of Directors (the “Board”) to designate and issue shares of preferred stock from time to time in one or more series, each such series to have such distinctive designation as shall be stated and expressed in the resolution or resolutions adopted by our Board providing for the initial issuance of shares of such series, without stockholder approval. Our Board may fix and determine the preferences, limitations and relative rights of each series of preferred stock.

 

Common Stock

 

Dividends. Subject to the prior rights of the holders of any preferred stock that may be outstanding, when and as dividends are declared, whether payable in cash, in property or in shares of our common stock, the holders of our common stock are entitled to share equally, share for share, in such dividends. The timing, declaration, amount and payment of future dividends depends on our financial condition, earnings, capital requirements and debt service obligations, as well as legal requirements, regulatory constraints, industry practice and other factors that our Board deems relevant. Our Board makes all decisions regarding our payment of dividends from time to time in accordance with applicable law.

 

Voting Rights. Every holder of our common stock is entitled to one vote for each share standing in its name on the books of Cable One on all matters submitted to a vote of our stockholders. As discussed further below, our Board is divided into three classes, and holders of our common stock do not have cumulative voting rights in the election of directors.

 

Other Rights. In the event of our liquidation, dissolution or winding up, either voluntary or involuntary, after payment shall have been made to the holders of any preferred stock that may be outstanding, the holders of our common stock will be entitled to share, ratably according to the number of shares of common stock held by them, in all our remaining assets available for distribution to our stockholders. The holders of our common stock do not have preemptive rights, conversion rights or preferential rights to subscribe for shares of our common stock. There are no redemption or sinking fund provisions applicable to our common stock.

 

Fully Paid. The issued and outstanding shares of our common stock are fully paid and non-assessable. Any additional shares of common stock that we may issue in the future will also be fully paid and non-assessable.

 

 

 

 

Listing. Our common stock is publicly traded under the ticker symbol “CABO” listed on the New York Stock Exchange.

 

Certain Provisions of Delaware Law, Our Amended and Restated Certificate of Incorporation and Amended and Restated By-laws

 

Amended and Restated Certificate of Incorporation and Amended and Restated By-laws

 

Certain provisions in our Amended and Restated Certificate of Incorporation and our Amended and Restated By-laws summarized below may be deemed to have an anti-takeover effect and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, including attempts that might result in a premium being paid over the market price for the shares held by stockholders. These provisions are intended to enhance the likelihood of continuity and stability in the composition of our Board and in the policies formulated by our Board and to discourage certain types of transactions that may involve an actual or threatened change of control.

 

Classified Board. Our Amended and Restated Certificate of Incorporation provides that our Board is divided into three classes of directors. Directors stand for election on a staggered basis, such that only approximately one third of the directors constituting our Board may change each year. The classification of directors has the effect of making it more difficult for stockholders to change the composition of our Board.

 

Blank Check Preferred Stock. Our Amended and Restated Certificate of Incorporation authorizes our Board to designate and issue, without any further vote or action by the stockholders, up to four million shares of preferred stock from time to time in one or more series and, with respect to each such series, to fix the number of shares constituting the series and the designation of the series, the voting powers (if any) of the shares of the series, and the preferences and relative, participating, optional and other rights, if any, and any qualifications, limitations or restrictions, of the shares of such series. The ability to issue such preferred stock could discourage potential acquisition proposals and could delay or prevent a change in control.

 

No Stockholder Action by Written Consent. Our Amended and Restated Certificate of Incorporation expressly excludes the right of our stockholders to act by written consent. Stockholder action must take place at an annual meeting or at a special meeting of our stockholders.

 

Special Stockholder Meetings. Our Amended and Restated By-laws provide that only our Chief Executive Officer and a majority of our directors are able to call a special meeting of stockholders. Stockholders are not permitted to call a special meeting or require our Board to call a special meeting.

 

Requirements for Advance Notification of Stockholder Nominations and Proposals. Under our Amended and Restated By-laws, stockholders of record are able to nominate persons for election to our Board or bring other business constituting a proper matter for stockholder action only by providing proper notice to our secretary. Proper notice must be timely, generally between 90 and 120 days prior to the relevant meeting (or, in the case of annual meetings, prior to the first anniversary of the prior year’s annual meeting), and must include, among other information, the name and address of the stockholder giving the notice, a representation that such stockholder is a holder of record of our common stock as of the date of the notice, certain information regarding such stockholder’s beneficial ownership of our securities and any derivative instruments based on or linked to the value of or return on our securities as of the date of the notice, certain information relating to each person whom such stockholder proposes to nominate for election as a director, a brief description of any other business such stockholder proposes to bring before the meeting and the reason for conducting such business and a representation as to whether such stockholder intends to solicit proxies.

 

Amendments to Our By-laws. Our Amended and Restated Certificate of Incorporation and our Amended and Restated By-laws each provide that the approval of our Board or the affirmative vote of stockholders holding at least 66 2⁄3% of the combined voting power of the outstanding shares of our capital stock entitled to vote in the election of directors, voting as a single class, is required to alter, amend or repeal, or adopt any new provision in, our Amended and Restated By-laws. These provisions make it more difficult for stockholders to make changes to our Amended and Restated By-laws that are opposed by our Board.

 

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Delaware Takeover Statute

 

We are subject to Section 203 of the Delaware General Corporation Law, which, subject to certain exceptions, prohibits a Delaware corporation from engaging in any “business combination” (as defined below) with any “interested stockholder” (as defined below) for a period of three years following the date that such stockholder became an interested stockholder, unless: (1) prior to such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; (2) on consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding those shares owned (x) by persons who are directors and also officers and (y) by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or (3) on or subsequent to such date, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2⁄3% of the outstanding voting stock that is not owned by the interested stockholder.

 

Section 203 of the Delaware General Corporation Law defines “business combination” to include: (1) any merger or consolidation involving the corporation and the interested stockholder; (2) any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder; (3) subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; (4) any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any class or series of the corporation beneficially owned by the interested stockholder; or (5) the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation. In general, Section 203 defines an “interested stockholder” as any entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with or controlling or controlled by such entity or person.

 

3ex_173057.htm

Exhibit 10.9

 

 

This AMENDMENT NO. 1 (this “Amendment”), dated as of November 15, 2019, among Cable One, Inc., a Delaware corporation (the “Borrower”), the other Loan Parties party hereto, the Lenders and Issuing Banks party hereto, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, amends the Second Amended and Restated Credit Agreement, dated as of May 8, 2019 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Original Credit Agreement”), among the Borrower, the lenders party thereto from time to time (each, a “Lender” and together, the “Lenders”), and the Administrative Agent.

 

WHEREAS, the Borrower has requested to amend the Original Credit Agreement to (i) increase the LC Exposure Sublimit from $20,000,000 to $150,000,000 and (ii) make certain other amendments in connection therewith;

 

WHEREAS, Section 9.02 of the Original Credit Agreement permits the Borrower to amend the Original Credit Agreement as described herein with the consent of the Administrative Agent, the Required Revolving Lenders and each Issuing Bank; and

 

WHEREAS, the Borrower has requested, and the Administrative Agent and the Lenders party hereto, which constitute the Required Revolving Lenders, and each Issuing Bank have agreed, upon the terms and subject to the conditions set forth herein, that the Original Credit Agreement be amended as provided herein in order to effectuate the increase of the LC Exposure Sublimit and the other amendments contained herein (the Original Credit Agreement, as so amended, the “Amended Credit Agreement”).

 

NOW, THEREFORE, in consideration of the promises and mutual agreements herein contained, the Borrower, the Lenders party hereto, the Issuing Banks and the Administrative Agent hereby agree as follows:

 

SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement. The rules of interpretation set forth in Section 1.03 of the Original Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

 

SECTION 2. New Issuing Bank LC Exposure Sublimit. Effective as of the Amendment No. 1 Effective Date (as defined below), the Issuing Bank LC Exposure Sublimit of each Issuing Bank shall be as set forth on Schedule I hereto.

 

SECTION 3. Amendments to the Original Credit Agreement. Effective as of the Amendment No. 1 Effective Date, the Original Credit Agreement is hereby amended as follows:

 

(a)     Section 1.01 of the Original Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:

 

“Amendment No. 1” means that certain Amendment No. 1 to this Agreement, dated as of November 15, 2019.

 

“Amendment No. 1 Effective Date” means November 15, 2019.

 

 

 

 

“Permitted LC Non-Borrower Obligor” means, with respect to any Letter of Credit, (i) any Restricted Subsidiary of the Borrower and (ii) any Person in which the Borrower or a Restricted Subsidiary has an Investment permitted by Section 6.05 of this Agreement by ownership, directly or indirectly, of Equity Interests in such Person at the time such Letter of Credit is initially issued; provided that the Administrative Agent and the applicable Issuing Bank shall have received all documentation and other information in respect of such Person required under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the Act, that has been reasonably requested from the Borrower by the Administrative Agent or such Issuing Bank prior to the initial issuance of such Letter of Credit.

 

(b)     The following defined terms in Section 1.01 of the Original Credit Agreement are hereby amended and restated in their entirety to read as follows (new text is in bold/underline, and deleted text is in strikethrough):

 

“Issuing Bank LC Exposure Sublimit” means, for each Issuing Bank, the amount of the LC Exposure Sublimit set forth beside such Issuing Bank on Schedule I to the Second Restatement Agreement Amendment No. 1 (or such greater amount as such Issuing Bank may agree after the Amendment No. 1 Effective Date in a signed writing delivered to the Borrower and the Administrative Agent). If an Issuing Bank is designated by the Borrower after the Amendment No. 1 Effective Date in accordance with the definition of “Issuing Bank”, the amount of the Issuing Bank LC Exposure Sublimit for such Issuing Bank shall be the amount set forth in a designation notice signed by such Issuing Bank and delivered by the Borrower to the Administrative Agent in connection with such designation (or such greater amount as such Issuing Bank may thereafter agree in a signed writing delivered to the Borrower and the Administrative Agent).

 

“Issuing Documents” means, with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the Issuing Bank and the Borrower (or any Restricted SubsidiaryPermitted LC Non-Borrower Obligor) or in favor of the Issuing Bank and relating to such Letter of Credit.

 

“LC Exposure Sublimit” means $20,000,000$150,000,000.

 

(c)     Section 2.05(a)(i) of the Original Credit Agreement is hereby amended and restated in its entirety to read as follows (new text is in bold/underline, and deleted text is in strikethrough):

 

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(i)     Each Letter of Credit existing under the Amended and Restated Credit Agreement immediately prior to the Second Restatement Effective Date shall be deemed issued under this Agreement as of the Second Restatement Effective Date. Subject to the terms and conditions set forth herein, (x) each Issuing Bank agrees, in reliance upon the agreements of the Revolving Lenders set forth in this Section 2.05, (1) from time to time on any Business Day during the period from the Second Restatement Effective Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars for the account of the Borrower or its Restricted Subsidiaries any Permitted LC Non-Borrower Obligor, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (y) the Revolving Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower or its Restricted Subsidiaries any Permitted LC Non-Borrower Obligor and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (i) the aggregate LC Exposure shall not exceed the LC Exposure Sublimit, (ii) the aggregate amount of LC Exposure with respect to Letters of Credit issued and outstanding by any Issuing Bank shall not exceed its Issuing Bank LC Exposure Sublimit at any one time, (iii) the total Revolving Credit Exposures shall not exceed the total Revolving Commitments and (iv) subject to the proviso of the following sentence, the aggregate amount of Swingline Loans, Revolving Loans and Letters of Credit issued by the Issuing Bank would not exceed such Issuing Bank’s Revolving Commitments hereunder. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence; provided that the condition set forth in clause (iv) of the proviso to the preceding sentence may be waived by the applicable Issuing Bank in its sole discretion. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

 

(d)     Section 2.05(b)(ii) of the Original Credit Agreement is hereby amended and restated in its entirety to read as follows (new text is in bold/underline, and deleted text is in strikethrough):

 

(ii)     Promptly after receipt of any Letter of Credit Application, the applicable Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, such Issuing Bank will provide the Administrative Agent with a copy thereof. Unless an Issuing Bank has received written notice from the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, such Issuing Bank shall, on the requested date, issue a Letter of Credit for the account of the Borrower (or the applicable SubsidiaryPermitted LC Non-Borrower Obligor) or enter into the applicable amendment, as the case may be, in each case in accordance with such Issuing Bank’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit by an Issuing Bank, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuing Bank a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Percentage of the relevant Class times the amount of such Letter of Credit.

 

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(e)     Section 2.05(e) of the Original Credit Agreement is hereby amended and restated in its entirety to read as follows (new text is in bold/underline, and deleted text is in strikethrough):

 

(e)     Obligations Absolute. The obligation of the Borrower to reimburse each Issuing Bank for each drawing under each Letter of Credit issued by it and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any Subsidiary Permitted LC Non-Borrower Obligor may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable Issuing Bank or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; (iv) any payment by such Issuing Bank under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by such Issuing Bank under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or (v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary Permitted LC Non-Borrower Obligor. The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will promptly notify the applicable Issuing Bank. The Borrower shall be conclusively deemed to have waived any such claim against the applicable Issuing Bank and its correspondents unless such notice is given as aforesaid.

 

4

 

 

(f)     Section 2.05(j) of the Original Credit Agreement is hereby amended and restated in its entirety to read as follows (new text is in bold/underline, and deleted text is in strikethrough):

 

(j)     Letters of Credit Issued for Subsidiaries Permitted LC Non-Borrower Obligors. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary Permitted LC Non-Borrower Obligor, the Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries Permitted LC Non-Borrower Obligors inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries Permitted LC Non-Borrower Obligors.

 

SECTION 4. Conditions Precedent to Effectiveness. This Amendment and the amendments to the Original Credit Agreement provided for herein shall become effective on the date (such date, the “Amendment No. 1 Effective Date”) that each of the conditions precedent set forth below shall have been satisfied or waived:

 

(a)     Executed Counterparts. The Administrative Agent shall have received a counterpart signature page of this Amendment signed on behalf of the Borrower, the Guarantors, the Lenders constituting the Required Revolving Lenders and each Issuing Bank.

 

(b)     Fees and Expenses Paid. The Administrative Agent shall have received all amounts owing by the Borrower pursuant to Section 9.03(a) of the Credit Agreement in connection with this Amendment to the extent invoiced at least three Business Days prior to the Amendment No. 1 Effective Date.

 

(c)     Representations and Warranties. The representations and warranties of each Loan Party set forth in the Amended Credit Agreement and the other Loan Documents shall be true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on and as of the Amendment No. 1 Effective Date, except in each case where any representation and warranty is expressly made as of a specific earlier date, such representation and warranty shall be true in all material respects as of any such earlier date.

 

(d)     No Default or Event of Default. At the time of and immediately after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.

 

(e)     Officer’s Certificate. The Administrative Agent shall have received a certificate dated as of the Amendment No. 1 Effective Date and signed by a Responsible Officer of the Borrower, certifying that the conditions specified in clauses (c) and (d) above have been satisfied.

 

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SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, each Loan Party represents and warrants that:

 

(a)     it is (i) duly organized, validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to carry on its business as now conducted and (iii) is qualified to do business in, and is in good standing (to the extent such concept is applicable) in, every jurisdiction where such qualification is required; except in each case referred to in clause (i) (other than with respect to the Borrower), (ii) or (iii) where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect;

 

(b)     the entry into this Amendment and the performance of its obligations hereunder are, with respect to each Loan Party as of the Amendment No. 1 Effective Date, within such Loan Party’s corporate, limited liability or partnership powers and have been duly authorized by all necessary corporate or other organizational and, if required, stockholder, member or partner action; and

 

(c)     this Amendment has been duly authorized, executed and delivered by such Loan Party party thereto and constitutes a legal, valid and binding obligation of such Loan Party party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

SECTION 6. Reference to and Effect on the Loan Documents. On and after the Amendment No. 1 Effective Date, each reference in the Original Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Original Credit Agreement, and each reference in each of the other Loan Documents to “the Credit Agreement,” “thereunder,” “thereof” or words of like import referring to the Original Credit Agreement, shall mean and be a reference to the Amended Credit Agreement. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. This Amendment shall not constitute a novation of the Original Credit Agreement or any of the Loan Documents. This Amendment shall constitute a Loan Document.

 

SECTION 7. Reaffirmation of Guarantees and Security Interests. Each Loan Party hereby acknowledges its receipt of a copy of this Amendment and its review of the terms and conditions hereof and consents to the terms and conditions of this Amendment and the transactions contemplated hereby. Each Loan Party hereby (a) affirms and confirms its guarantees, its prior pledges and grants of Liens on the Collateral, with all such Liens continuing in full force and effect after giving effect to this Amendment, and its other undertakings under the Loan Documents to which it is a party and (b) agrees that (i) each Loan Document to which it is a party shall continue to be in full force and effect and (ii) all guarantees, prior pledges and grants of Liens on the Collateral and other undertakings thereunder shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties.

 

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SECTION 8. Applicable Law; Waiver of Jury Trial.

 

(A)     THIS AMENDMENT SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

 

(B)     EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AMENDMENT AND FOR ANY COUNTERCLAIM HEREIN.

 

SECTION 9. Headings. The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

 

SECTION 10. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of an original executed counterpart hereof.

 

[Signature pages to follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first written above.

 

	
			CABLE ONE, INC., as the Borrower

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Senior Vice President and Chief Financial Officer

			

 

 

	
			CABLE ONE VOIP LLC, as a Guarantor

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Vice President

			

 

 

	
			AVENUE BROADBAND COMMUNICATIONS LLC, as a Guarantor

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Vice President

			

 

 

	
			TELECOMMUNICATIONS MANAGEMENT, LLC, as a Guarantor

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Vice President

			

 

 

	
			ULTRA COMMUNICATIONS GROUP, LLC, as a Guarantor

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			DELTA COMMUNICATIONS, L.L.C., as a Guarantor

			
	
			By:

				
			/s/ Steven S. Cochran

			
	 	
			Name:Steven S. Cochran

			
	 	
			Title:Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			JPMORGAN CHASE BANK, N.A., as Administrative Agent

			
	
			By:

				
			/s/ Lauren Sun

			
	 	
			Name:Lauren Sun

			
	 	
			Title:Executive Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			JPMORGAN CHASE BANK, N.A., as a

			Revolving Lender and an Issuing Bank

			
	
			By:

				
			/s/ Lauren Sun

			
	 	
			Name:Lauren Sun

			
	 	
			Title:Executive Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			 

			 

			Wells Fargo Bank, National

			 

			Association, as a Revolving Lender and an

			Issuing Bank

			 

			 

			
	
			By:

				
			/s/ Daniel Kurtz

			
	 	
			Name:Daniel Kurtz

			
	 	
			Title:Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			 

			 

			DEUTSCHE BANK AG NEW YORK

			BRANCH, as a Revolving Lender
			 

			 

			
	
			By:

				
			/s/ Yumi Okabe

			
	 	
			Name:Yumi Okabe

			
	 	
			Title:Vice President

			

 

	
			By:

				
			/s/ Michael Strobel

			
	 	
			Name:Michael Strobel

			
	 	
			Title:Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			bank of america, n.a., as a

			Revolving Lender

			
	
			By:

				
			/s/ Alaine Pelanne

			
	 	
			Name:Alaine Pelanne

			
	 	
			Title:Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			The Toronto-Dominion Bank, New York

			Branch, as a Revolving Lender

			
	
			By:

				
			/s/ Peter Kuo

			
	 	
			Name:Peter Kuo

			
	 	
			Title:Authorized Signatory

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			SunTrust Bank, as a Revolving Lender

			
	
			By:

				
			/s/ Thomas Mangum

			
	 	
			Name:Thomas Mangum

			
	 	
			Title:Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			U.S. BANK NATIONAL ASSOCIATION,

			as a Revolving Lender

			
	
			By:

				
			/s/ Michael D. Stanley

			
	 	
			Name:Michael D. Stanley

			
	 	
			Title:SVP

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			CREDIT SUISSE AG, CAYMAN

			ISLANDS BRANCH, as a Revolving

			Lender

			
	
			By:

				
			/s/ Judith E. Smith

			
	 	
			Name:Judith E. Smith

			
	 	
			Title:Authorized Signatory

			

 

	
			By:

				
			/s/ Nicolas Thierry

			
	 	
			Name:Nicolas Thierry

			
	 	
			Title:Authorized Signatory

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			CITIZENS BANK N.A., as a Revolving Lender

			
	
			By:

				
			/s/ A. Paul Dawley

			
	 	
			Name:A. Paul Dawley

			
	 	
			Title:Senior Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			FIFTH THIRD BANK, as a Revolving Lender

			
	
			By:

				
			/s/ Marisa Lake

			
	 	
			Name:Marisa Lake

			
	 	
			Title:Officer

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			MUFG BANK, LTD., as a Revolving

			Lender

			
	
			By:

				
			/s/ Matthew Antioco

			
	 	
			Name:Matthew Antioco

			
	 	
			Title:Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			BARCLAYS BANK PLC, as a

			Revolving Lender

			
	
			By:

				
			/s/ Martin Corrigan

			
	 	
			Name:Martin Corrigan

			
	 	
			Title:Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			BMO Harris Bank N.A., as a Revolving

			Lender

			
	
			By:

				
			/s/ Terry Switz

			
	 	
			Name:Terry Switz

			
	 	
			Title:Director

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

	
			MidFirst Bank, as a Revolving Lender

			
	
			By:

				
			/s/ Tim Dillingham

			
	 	
			Name:Tim Dillingham

			
	 	
			Title:Senior Vice President

			

 

 

[Signature Page to Amendment No. 1]

 

 

 

Schedule I

 

LC Exposure Sublimit

 

	
			Name

				
			LC Exposure Sublimit

			
	
			JPMorgan Chase Bank, N.A.

				
			$140,000,000

			
	
			Wells Fargo Bank, National Association

				
			$10,000,000

			
	
			Total

				
			$150,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]