Document:

EXHIBIT 10.23

 

THIRD
AMENDMENT

 

This THIRD AMENDMENT, dated as of January 5,
2006 (this “Third  Amendment”), amends that certain AMENDED AND
RESTATED REVOLVING CREDIT AGREEMENT, dated as of March 31, 2004 (as
amended, modified or supplemented from time to time, the “Credit  Agreement”),
by and among (i) REAL MEX RESTAURANTS, INC., formerly known as
Acapulco Acquisition Corp., a Delaware corporation (“Real  Max”), (ii) ACAPULCO
RESTAURANTS, INC., a Delaware corporation (“ARI”), (iii) EL
TORITO FRANCHISING COMPANY, a Delaware corporation (“ETFI”), (iv) EL
TORITO RESTAURANTS, INC., a Delaware corporation (“ETRI”), (v) ACAPULCO
RESTAURANTS OF ENCINITAS, INC., a California corporation (“AEI”), (vi) TARV, INC.,
a California corporation (“TARV”), (vii) ACAPULCO RESTAURANT OF
VENTURA, INC., a California corporation (“ARV”), (viii) ACAPULCO
RESTAURANT OF WESTWOOD, INC., a California corporation (“ARW”), (ix) ACAPULCO
MARK CORP., a Delaware corporation (“AMC”), (x) MURRAY PACIFIC, a
California corporation (“MP”), (xi) ALA DESIGN, INC., a California
corporation (“ALAD”), (xii) REAL MEX FOODS, INC., formerly known as
ALA Foods, Inc., a California corporation (“RMF”), (xiii) ACAPULCO
RESTAURANT OF DOWNEY, INC., a California corporation (“ARD”), (xiv)
ACAPULCO RESTAURANT OF MORENO VALLEY, INC., a California corporation (“AMV”),
(xv) EL PASO CANTINA, INC., a California corporation (“EPC”, each
of Real Mex, ARI, ETFI, ETRI, AEI, TARV, ARV ARW, AMC, MP, ALAD, RMF, ARD, AMV,
and EPC, a “Borrower” and, together, the “Original  Borrowers”),
(xvi) CKR ACQUISITION CORP., a Delaware corporation (“CKR”), and (xvii)
CHEVYS RESTAURANTS, LLC, a Delaware limited liability company (“Chevys”,
each of CKR and Chevys, an “Additional  Borrower” and, together
with the Original Borrowers, the “Borrowers”), (xviii) the several
financial institutions from time to time party to the Credit Agreement as
lenders thereunder (the “Lenders”), and (xix) BANK OF AMERICA, N.A.
(successor by merger to Fleet National Bank), as the administrative agent for
the Lenders under the Credit Agreement (in such capacity, the “Agent”).

 

WHEREAS, pursuant to the Amendment Agreement,
dated as of September 3, 2004 (the “First  Amendment”), by
and among the Original Borrowers, the Lenders, and the Agent, certain terms of
the Credit Agreement were amended pursuant to the terms and conditions set
forth in the First Amendment;

 

WHEREAS, pursuant to the Joinder Agreement,
dated as of November 17, 2004 (the “CKR  Joinder”), by and
between CKR and the Agent, CKR joined the Credit Agreement and the Loan
Documents and agreed to become a Borrower under the Credit Agreement and to
comply with and be bound by all of the terms, conditions and covenants of the
Credit Agreement and Loan Documents applicable to it as a Borrower;

 

WHEREAS, pursuant to the Joinder Agreement,
dated as of December 20, 2004 (the “Chevys  Joinder”), by and
between Chevys and the Agent, Chevys joined the Credit Agreement and the Loan
Documents and agreed to become a Borrower under the Credit Agreement and to
comply with and be bound by all of the terms, conditions and covenants of the
Credit Agreement and Loan Documents applicable to it as a Borrower;

 

 

WHEREAS, pursuant to the Second Amendment and
Consent, dated as of January 11, 2005 (the “Second  Amendment”),
by and among the Borrowers, the Lenders, and the Agent, certain terms of the
Credit Agreement were amended pursuant to the terms and conditions set forth in
the Second Amendment; and

 

WHEREAS, the Borrowers have requested that
the Lenders and the Agent agree, among other things, to amend certain of the
terms of the Credit Agreement, and the Lenders and the Agent have, upon the
terms and conditions set forth herein, agreed to the foregoing;

 

NOW THEREFORE, in consideration of the mutual
agreements contained in the Credit Agreement and herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

 

§1.                                Definitions in
Credit Agreement; etc.  Unless otherwise defined herein, terms defined
in or by reference in the Credit Agreement (as from time to time amended) are
used herein as therein defined.

 

§2.                                Amendment.  Subject
to the satisfaction of the conditions set forth in §5 hereof, Section 11.4
of the Credit Agreement is hereby amended by deleting the first sentence in its
entirety and substituting in lieu thereof the following: “The Borrowers will
not make, and will not permit any of their Subsidiaries to make, any Capital
Expenditures in excess of $25,000,000 per annum; provided however, that
for the fiscal year 2006, the Borrowers will not make, and will not permit any
of their Subsidiaries to make, any Capital Expenditures in excess of
$30,000,000.”

 

§3.                                Representations and
Warranties.  The Borrowers jointly and severally represent and warrant
to the Lenders and the Agent on the date of this Third Amendment and on the
Effective Date (as defined below) as follows:

 

§3.1.                       Representations
and Warranties in Credit Agreement.  The representations and
warranties of the Borrowers contained in the Credit Agreement (a) were
true and correct in all material respects when made, and (b) except to the
extent such representations and warranties by their terms are made solely as of
a prior date, continue to be true and correct in all material respects on the
date hereof.

 

§3.2.                       Authority,
Etc.  The execution and delivery by the Borrowers of this Third
Amendment and the performance by the Borrowers of all of their agreements and
obligations under this Third Amendment and the Credit Agreement as amended
hereby (a) are within the corporate authority of the Borrowers, (b) have
been duly authorized by all necessary corporate proceedings by the Borrowers, (c) do
not conflict with or result in any breach or contravention of any provision of
law, statute, rule or regulation to which any of the Borrowers is subject
or any judgment, order, writ, injunction, license or permit applicable to any
of the Borrowers, and (d) do not conflict with any provision of any
corporate charter or by-laws of, or any agreement or other instrument binding
upon, any of the Borrowers.

 

2

 

§3.3.                       Enforceability
of Obligations.  This Third Amendment, and the Credit Agreement as
amended hereby, constitute the legal, valid and binding obligations of the
Borrowers enforceable against each such Person in accordance with their
respective terms. Immediately prior to and after giving effect to this Third
Amendment, no Default or Event of Default exists under the Credit Agreement or
any other Loan Document.

 

§4.                                Affirmation of
Borrowers.  The Borrowers hereby affirm their absolute and
unconditional promise to pay to each Lender and the Agent all Obligations under
the Notes, the Credit Agreement as amended hereby, the other Loan Documents,
and all other related instruments or documents, at the times and in the amounts
provided for therein. The Borrowers confirm and agree that (a) the
Obligations of the Borrowers to the Lenders and the Agent under the Credit
Agreement as amended hereby are secured by and entitled to the benefits of the
Security Documents and (b) all references to the term “Credit  Agreement”
in the Security Documents shall hereafter refer to the Credit Agreement as
amended hereby.

 

§5.                                Conditions to
Effectiveness.

 

§5.1.                       The amendments
set forth in §2 of this Third Amendment shall be effective on the first day
(the “Effective  Date”) upon which each of the following
conditions precedent have been satisfied:

 

(a)                                  The
Agent shall have received an original counterpart signature this Third
Amendment, duly executed and delivered by the Borrowers, the Majority Lenders,
and the Agent; and

 

(b)                                 The
Borrowers shall have reimbursed the Agent for, or paid directly, all fees,
costs and expenses incurred by the Agent’s Special Counsel in connection with
the closing of this Third Amendment for which an invoice has been delivered.

 

§6.                                Miscellaneous
Provisions.

 

§6.1.                       No Other
Changes.  Except as otherwise expressly provided by this Agreement,
all of the terms, conditions and provisions of the Credit Agreement and each of
the other Loan documents, and all of the rights and remedies of the Lenders
thereunder, shall remain unaltered.

 

§6.2.                       Other
Provisions.  This Third Amendment is a Loan Document for all purposes
of the Credit Agreement and each of the other Loan Documents. This Third
Amendment and the rights and obligations hereunder of each of the parties
hereto shall in all respects be construed in accordance with and governed by
the laws of the Commonwealth of Massachusetts. This Third Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, but all of such counterparts shall together constitute
but one and the same agreement. In making proof of this Third Amendment, it
shall not be necessary to produce or account for more than one counterpart hereof
signed by each of the parties hereto.

 

3

 

IN WITNESS WHEREOF, the
undersigned have duly executed this Third Amendment as a sealed instrument as
of the date first set forth above.

 

	
   

  	
  REAL MEX RESTAURANTS, INC.

  
	
   

  	
  ACAPULCO RESTAURANTS, INC.

  
	
   

  	
  EL TORITO FRANCHISING COMPANY

  
	
   

  	
  EL TORITO RESTAURANTS, INC.

  
	
   

  	
  ACAPULCO RESTAURANTS OF ENCINITAS, INC.

  
	
   

  	
  TARV, INC.

  
	
   

  	
  ACAPULCO RESTAURANT OF VENTURA, INC.

  
	
   

  	
  ACAPULCO RESTAURANT OF WESTWOOD, INC.

  
	
   

  	
  ACAPULCO MARK CORP.

  
	
   

  	
  MURRAY PACIFIC

  
	
   

  	
  ALA DESIGN, INC.

  
	
   

  	
  REAL MEX FOODS, INC.

  
	
   

  	
  ACAPULCO RESTAURANT OF DOWNEY, INC.

  
	
   

  	
  ACAPULCO RESTAURANT OF MORENO VALLEY, INC.

  
	
   

  	
  EL PASO CANTINA, INC.

  
	
   

  	
  CKR ACQUISITION CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ STEVEN L. TANNER

  	
   

  
	
   

  	
  Name:

  	
  STEVEN L. TANNER

  
	
   

  	
  Title:

  	
  CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CHEVYS RESTAURANTS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ STEVEN L. TANNER

  	
   

  
	
   

  	
  Name:

  	
  STEVEN L. TANNER

  
	
   

  	
  Title:

  	
  CFO

  
						

 

 

	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  individually and as Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Cristin M. O’Hara

  	
   

  
	
   

  	
  Name:

  	
  Cristin M. O’Hara

  
	
   

  	
  Title:

  	
  Principal

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title

  	
   

  
						

 

 

	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  individually and as Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Philip M. Roesner

  	
   

  
	
   

  	
  Name:

  	
  Philip M. Roesner

  
	
   

  	
  Title

  	
  Vice PresidentExhibit 10.01

 

February 21, 2006

 

Adelphia Communications Corporation

Extended DIP Facility

Commitment Letter

 

 

Adelphia Communications Corporation

UCA LLC

Century Cable Holdings, LLC

Century-TCI California, L.P.

Olympus Cable Holdings, LLC

FrontierVision Operating Partners, L.P.

ACC Investment Holdings, Inc.

Parnassos, L.P.

Arahova Communications, Inc.

Adelphia California Cablevision, LLC

 

c/o Adelphia Communications Corporation

5619 DTC Parkway 

Greenwood Village, CO 80111

 

Attention:             William
T. Schleyer, Chairman & Chief Executive Officer

Vanessa A. Wittman, Executive Vice President & Chief Financial Officer

 

Ladies and
Gentlemen:

 

You have
advised JPMorgan Chase Bank, N.A. (“JPMCB”), Citicorp North America, Inc.
(“CNAI”), J.P. Morgan Securities Inc. (“JPMSI”) and Citigroup
Global Markets Inc. (“CGMI”) (collectively, “us”) that Adelphia
Communications Corporation (“Adelphia”) and certain of its subsidiaries
(collectively, the “Debtor Entities”) have commenced voluntary cases
(the “Bankruptcy Cases”) under Chapter 11 of the United States
Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy
Court for the Southern District of New York (the “Bankruptcy Court”). You
have further advised us that you wish to extend the maturity date of your senior
secured super-priority debtor-in-possession credit facilities currently
evidenced by the Third Amended and Restated Credit and Guaranty Agreement dated
as of February 25, 2005 among you, the guarantors listed therein
(collectively with you, the “Credit Parties”), the lenders party
thereto, JPMCB, as administrative agent, CGMI, as syndication agent, JPMSI and
CGMI, as joint bookrunners and co-lead arrangers, CNAI, as collateral agent,
Wachovia Bank, N.A., as co-syndication agent, and The Bank of Nova Scotia, Bank
of America, N.A. and General Electric Capital Corporation, as co-documentation
agents (as in effect on the date hereof, the “Existing DIP Facility”). Such
facilities, as extended as contemplated hereby, are referred to herein as the “Extended
DIP Facility”. The consummation of the Extended DIP Facility and all
related transactions are collectively referred to herein as the “Transaction”.
All capitalized terms used and not otherwise defined herein shall have the same
meanings as specified therefor in the Term Sheet (as defined below).

 

In connection
with the foregoing, you have requested that (i) JPMSI and CGMI agree to
structure, arrange and syndicate the Extended DIP Facility, (ii) each of
JPMCB and CNAI commits to provide $125,000,000 of the Extended DIP Facility, (iii) JPMCB
agrees to serve as the administrative

 

 

agent for the
Extended DIP Facility and (iv) CNAI agrees to serve as the collateral
agent for the Extended DIP Facility.

 

JPMSI and CGMI are pleased to advise you that they are willing to act
as the exclusive arrangers for the Extended DIP Facility. Furthermore, each of
JPMCB and CNAI (each, a “Lead Lender”) is pleased to advise you of its
commitment to provide $125,000,000 of the Extended DIP Facility, in each case
upon the terms and subject to the conditions set forth or referred to in this
commitment letter, including in the Summary of Terms and Conditions attached
hereto as Exhibit A (the “Term Sheet”), it being understood and agreed that terms
and conditions not specifically addressed in the Term Sheet shall be
substantially identical to the terms and conditions set forth in the Existing
DIP Facility. The commitments of each Lead Lender hereunder are several
and not joint. If you accept this commitment letter (together with the Term Sheet,
the “Commitment Letter”), the date of the closing of the Extended DIP
Facility is referred to herein as the “Closing Date”.

 

It is agreed that (i) JPMCB will act as the sole and exclusive
administrative agent for the Extended DIP Facility, (ii) CNAI will act as
the sole and exclusive collateral agent for the Extended DIP Facility and (iii) JPMSI
and CGMI will act as joint bookrunners and co-lead arrangers for the Extended
DIP Facility (in such capacity, the “Co-Lead Arrangers”). In such
capacities and subject to the terms hereof, each Co-Lead Arranger and each Lead
Lender will perform the duties and exercise the authority customarily
performed and exercised by it in the roles assigned to it pursuant to the terms
hereof.

 

Subject to the terms hereof, the Co-Lead Arrangers intend to syndicate
the Extended DIP Facility to a group of financial institutions and other
entities (together with the Lead Lenders, the “Lenders”) identified by the Co-Lead
Arrangers in consultation with Adelphia. In furtherance of the foregoing, but
subject to the terms hereof, the Co-Lead Arrangers will manage all aspects of
the syndication in consultation with you, including decisions as to the
selection of institutions to be approached and when they will be approached,
the time and acceptance of commitments, naming rights, the final allocation of
commitments, the amount and distribution of fees and other matters customarily
associated with a syndication of a facility of this type. You agree that except as provided herein, no
other agents, co-agents or arrangers will be appointed, no other titles will be
awarded and no compensation (other than that expressly contemplated by the Term
Sheet and the Fee Letter (as hereinafter defined)) will be paid in connection
with the Extended DIP Facility unless the Co-Lead Arrangers and Adelphia shall
so agree, it being agreed that the consent of the Co-Lead Arrangers or
Adelphia, as the case may be, to the matters set forth in this sentence
shall not be unreasonably withheld, conditioned or delayed.

 

The Co-Lead Arrangers intend to commence syndication efforts promptly
upon the execution of this Commitment Letter by all of the parties hereto, and
you agree to use your commercially reasonable efforts to assist the Co-Lead
Arrangers in completing a syndication reasonably satisfactory to them. Such
assistance shall include (i) your using commercially reasonable efforts to
ensure that the syndication efforts benefit materially from your Existing DIP
Facility lending relationships, (ii) direct contact between senior
management and advisors of the Credit Parties and the proposed Lenders, (iii) the
hosting, with either of the Co-Lead Arrangers, of one or more meetings of
prospective Lenders and (iv) as set forth in the next paragraph,
assistance in the preparation of materials to be used in connection with the
syndication (collectively with the Term Sheet, the “Information Materials”).

 

You will assist us in preparing Information Materials, including
Confidential Information Memoranda, for distribution to prospective Lenders. If
requested, you also will assist us in preparing an additional version of the
Information Materials (the “Public-Side Version”) to be used by
prospective Lenders’ public-side employees and representatives (“Public-Siders”)
who do not wish to receive material non-public information (within the meaning
of United States federal securities laws) with respect to the

 

 

2

 

Credit
Parties, their affiliates and any of their respective securities (“MNPI”)
and who may be engaged in investment and other market related activities
with respect to the Credit Parties’ or their affiliates’ securities or loans. Before
distribution of any Information Materials, you agree to execute and deliver to
us (i) a letter in which you authorize distribution of the Information
Materials to a prospective Lender’s employees willing to receive MNPI (“Private-Siders”),
subject to either (A) their agreement (including, without limitation, a
click-on agreement on Intralinks) to maintain any such Information Materials in
confidence or (B) such Information Materials containing a provision that
binds the recipient of such Information Materials to the confidentiality
provisions contained therein, (ii) a separate letter in which you
authorize distribution of the Public-Side Version of the Confidential
Information Memoranda to Public-Siders and represent that no MNPI is contained
therein and (iii) with respect to the Public-Side Version of any other
Information Materials to be distributed to Public-Siders, a written
confirmation in which you authorize distribution of the Public-Side Version of
such other Information Materials to Public Siders and represent that no MNPI is
contained therein.

 

You agree that the following documents may be distributed to both
Private-Siders and Public-Siders, unless you advise the Co-Lead Arrangers in
writing (including by email) within a reasonable time prior to their intended
distribution that such materials should only be distributed to Private-Siders:  (a) administrative materials prepared by
any Co-Lead Arranger for prospective Lenders (such as a lender meeting
invitation, bank allocation, if any, and funding and closing memoranda), (b) notification
of changes in the Extended DIP Facility’s terms, and (c) other materials
intended for prospective Lenders after the initial distribution of Information
Materials; provided that in the case of clauses (b) and
(c) prior to the distribution to any prospective Lenders of any
Information Materials (other than the Confidential Information Memoranda) that
contain information not previously disclosed to you as having been included in
materials provided to Public-Siders, we shall have provided you with copies
thereof or otherwise disclosed to you the contents thereof. If you advise us
that any of the foregoing should be distributed only to Private-Siders, then
Public-Siders will not receive such materials without further discussions with
you.

 

Drafts of definitive documentation with respect to the Extended DIP
Facility will be distributed only to Private-Siders, unless you hereafter
authorize their distribution to Public-Siders in writing (including by email).

 

To assist the Co-Lead Arrangers in their syndication efforts, you agree
promptly to prepare and provide to the Co-Lead Arrangers all information with
respect to the Credit Parties and the transactions contemplated hereby,
including all financial information and projections (the “Projections”), as any Co-Lead Arranger may reasonably
request in connection with the arrangement and syndication of the Extended DIP
Facility. You hereby represent and covenant that (i) all information other
than the Projections (the “Information”) that has
been or will be made available to any Co-Lead Arranger by you or any of your
representatives is or will be, when furnished, complete and correct in all
material respects and does not or will not, when furnished, contain any untrue
statement of a material fact or omit to state a material fact necessary in
order to make the statements contained therein not materially misleading in
light of the circumstances under which such statements are made and (ii) the
Projections that have been or will be made available to the Co-Lead Arrangers
by you or any of your representatives have been or will be prepared in good
faith based upon reasonable assumptions at the time such projections are made
available to the Co-Lead Arrangers. If, at any time from the date hereof until
the Closing Date, any of the representations and warranties in the preceding sentence
would be incorrect if the Information or Projections were being furnished, and
such representations and warranties were being made, at such time, then you
will promptly supplement the Information and the Projections as reasonably
necessary so that such representations and warranties will be correct under
those circumstances. You understand that in arranging and syndicating the
Extended DIP Facility we may use and rely on the Information and
Projections without independent verification thereof.

 

3

 

As consideration for the commitments of each Lead Lender hereunder and
the agreements of each Co-Lead Arranger to perform the services described
herein, you agree to pay to the Co-Lead Arrangers and the Lead Lenders the
nonrefundable fees set forth in the Fee Letter dated the date hereof and
delivered herewith (the “Fee Letter”).

 

The commitments of each Lead Lender hereunder and the agreements of
each Co-Lead Arranger to perform the services described herein are subject
to (i) there not having occurred, since September 30, 2005, any
material adverse change in the business, operations, properties, assets or
liabilities (whether contractual or otherwise) of the Credit Parties taken as a
whole, (ii) no Co-Lead Arranger nor any Lead Lender becoming aware at any
time from and after the date of this Commitment Letter and on or prior to the
Closing Date of information not previously disclosed to it that it reasonably
believes to be materially inconsistent with its understanding, based on
information provided to it prior to the date of this Commitment Letter, of the
business, operations, properties, assets or liabilities (whether contractual or
otherwise) of the Credit Parties taken as a whole, (iii) our being
reasonably satisfied that there shall not exist prior to and during the
syndication of the Extended DIP Facility any competing offering, placement or
arrangement for any debt security or bank financing by or on behalf of any of
the Credit Parties, (iv) the negotiation, execution and delivery on or
before the Closing Date of definitive documentation with respect to the
Extended DIP Facility reasonably satisfactory to the Lead Lenders and the Co-Lead
Arrangers and their counsel, (v) you having obtained commitments for the
Extended DIP Facility from other institutions equal in the aggregate to at
least $1,050,000,000, (vi) the satisfaction or waiver of the other
conditions set forth or referred to in the Term Sheet and (vii) the commitment of the other Lead
Lender being in full force and effect.

 

You agree (i) to indemnify and hold harmless each Co-Lead
Arranger, each Lead Lender and their respective advisors and their respective
officers, directors, employees and agents and any successors or permitted
assigns thereof (each, an “indemnified person”) from and
against any and all losses, claims, damages and liabilities to which any such
indemnified person may become subject arising out of or in connection with
the Commitment Letter, the Extended DIP Facility, the use of the proceeds
thereof, the Bankruptcy Cases, the Transaction or any claim, litigation,
investigation or proceeding relating to any of the foregoing, regardless of
whether any indemnified person is a party thereto, and to reimburse each
indemnified person upon demand for any reasonable legal or other reasonable
expenses incurred in connection with investigating or defending any of the
foregoing, provided, that the foregoing indemnity will not, as to any
indemnified person, apply to losses, claims, damages, liabilities or related
expenses to the extent they (A) are found by a final, nonappealable
judgment of a court to arise from the willful misconduct or gross negligence of
such indemnified person or (B) arise from such indemnified person’s
actions in the Bankruptcy Cases or prior to the commencement thereof
(including, without limitation, in connection with the pre-petition credit
facilities of the Credit Parties or any claim, litigation, investigation or
proceeding related thereto) in any capacity other than as a Co-Lead Arranger or
as a Lead Lender (or as any of their respective advisors and their respective
officers, directors, employees and agents and any successors or permitted
assigns thereof), and (ii) to reimburse each Co-Lead Arranger and each
Lead Lender on demand for all reasonable out-of-pocket expenses (including
reasonable due diligence expenses, reasonable syndication expenses, reasonable
consultant’s fees and expenses (if applicable), reasonable travel expenses, and
reasonable fees, charges and disbursements of one counsel in respect of the
Extended DIP Facility for all of the Co-Lead Arrangers and the Lead Lenders)
incurred in connection with the Extended DIP Facility and any related
documentation (including this Commitment Letter, the Fee Letter and the
definitive financing documentation) or the administration, amendment,
modification or waiver thereof. No indemnified person shall be liable for (x)
any damages arising from the use by others of Information or other materials
obtained through electronic, telecommunications or other information
transmission systems, except to the extent that such damages arise as a result
of any person or entity receiving such Information or other materials as a
result of the gross negligence or willful misconduct of such indemnified person
or (y)

 

4

 

any special,
indirect, consequential or punitive damages in connection with the Extended DIP
Facility or in connection with its activities related to the Extended DIP
Facility.

 

This Commitment Letter shall not be assignable by any party hereto
(other than to its affiliates) without the prior written consent of the other
parties hereto (and any purported assignment without such prior written consent
shall be null and void), is intended to be solely for the benefit of the
parties hereto, the indemnified persons to the extent contemplated by the
immediately preceding paragraph hereof and, in your case, the Credit Parties,
and is not intended to confer any benefits upon, or create any rights in favor
of, any person other than the parties hereto, the indemnified persons to the
extent contemplated by the immediately preceding paragraph hereof and, in your
case, the Credit Parties. This Commitment Letter may not be amended or
waived except by an instrument in writing signed by you, each Lead Lender and
each Co-Lead Arranger. This Commitment Letter may be executed in any
number of counterparts, each of which shall be an original, and all of which,
when taken together, shall constitute one agreement. Delivery of an executed
signature page of this Commitment Letter by facsimile transmission shall
be effective as delivery of a manually executed counterpart hereof. This
Commitment Letter and the Fee Letter are the only agreements that have been
entered into among the parties hereto with respect to the Extended DIP Facility
and set forth the entire understanding of the parties with respect thereto. This
Commitment Letter and the Fee Letter shall be governed by, and construed in
accordance with, the laws of the State of New York, without giving effect to
the conflicts of laws principles thereof, and the Bankruptcy Code. Each party
hereto waives, to the fullest extent permitted by applicable law, any right it may have
to a trial by jury in any legal proceeding directly or indirectly arising out
of or relating to this Commitment Letter, the Fee Letter, the Transaction or
any transaction contemplated hereby or thereby (whether based on contract, tort
or any other theory).

 

This Commitment Letter is delivered to you on the understanding that,
unless otherwise agreed to in writing by each Co-Lead Arranger and each Lead
Lender, neither this Commitment Letter, the Fee Letter, nor any of their terms
or substance shall be disclosed, directly or indirectly, to any other person
other than as required by the Bankruptcy Court, including in connection with
the Extension Order (as hereinafter defined), and except that this Commitment
Letter, the Fee Letter and the terms and substance thereof may be
disclosed (i) to the officers, agents and advisors of the Credit Parties
who are directly involved in the consideration of this matter and as need to
know and agree to be bound by the provisions of this paragraph, or (ii) as
may be compelled in a judicial or administrative proceeding or as
otherwise required by law (in which case you agree to inform us promptly
thereof). Notwithstanding the foregoing, each Co-Lead Arranger and each Lead
Lender acknowledges and agrees that following the date hereof, the Debtor
Entities intend to (x) seek the approval of the Bankruptcy Court to perform their
respective obligations under the terms of this Commitment Letter, including to
pay the fees provided for herein and in the Fee Letter and otherwise to
consummate the transactions contemplated hereby and thereby, and that in
connection therewith, the Debtor Entities intend to file this Commitment Letter
and, if required by the Bankruptcy Court or pursuant to clause (ii) in the
immediately preceding sentence hereof, the Fee Letter, with the Bankruptcy
Court and, as a result thereof, such documents may become publicly
available and (y) file a Current Report on Form 8-K with the United States
Securities and Exchange Commission reporting the execution of this Commitment
Letter, which Current Report shall attach a copy of this Commitment Letter as
an exhibit thereto. Subject to the foregoing, you agree to take such
reasonable actions as shall be necessary to prevent the Fee Letter from
becoming publicly available.

 

You acknowledge that the Co-Lead Arrangers and the Lead Lenders or any
of them may be providing debt financing, equity capital or other services
(including financial advisory services) to other companies in respect of which
you may have conflicting interests regarding the transactions described
herein and otherwise. Each Co-Lead Arranger and each Lead Lender hereby agrees
that it will not (i) use any confidential information of the Credit
Parties, whether obtained from you or any of your

 

5

 

representatives
or affiliates by virtue of the Transaction, including the transactions
contemplated by this Commitment Letter, or their other relationships with the
Credit Parties, in connection with their performance of services for other
companies, or (ii) furnish any such information to other companies. You
also acknowledge that the Co-Lead Arrangers and the Lead Lenders have no
obligation to use in connection with the transactions contemplated by this
Commitment Letter, or to furnish to you, confidential information obtained from
other companies.

 

The reimbursement, indemnification, confidentiality and, to the extent
applicable, compensation, provisions contained herein and in the Fee Letter
shall remain in full force and effect regardless of whether definitive
financing documentation shall be executed and delivered and notwithstanding the
termination of this Commitment Letter or the commitments hereunder.

 

If the foregoing correctly sets forth our agreement, please indicate
your acceptance of the terms hereof and of the Term Sheet and the Fee Letter by
returning to us executed counterparts hereof and of the Fee Letter not later
than 5:00 p.m., New York City time, on February 21, 2006. The
commitments and agreements of each Lead Lender and each Co-Lead Arranger set
forth in this Commitment Letter and in the Fee Letter, will expire, unless
waived by us in our sole and absolute discretion, at 5:01 p.m., New York
City time, on February 21, 2006, unless at or prior to such time you shall have executed
and returned to us a copy of this Commitment Letter and the Fee Letter. Further,
the commitments and agreements of the Lead Lenders and the Co-Lead Arrangers
set forth herein shall, unless we, in our sole discretion, shall otherwise
agree to a later date, expire on March 21, 2006 unless, on or prior to
such date, you shall have delivered to us a copy of an order of the Bankruptcy
Court, in form and substance reasonably acceptable to the Co-Lead
Arrangers, that authorizes the Credit Parties to perform, and to execute and
deliver all instruments and documents that may be reasonably required or
necessary for the Credit Parties’ performance, under the documents relating to
the Extended DIP Facility, and to pay all related fees and expenses (the “Extension
Order”), which Extension Order (x) shall have been entered with the consent
or non-objection of a preponderance of the pre-petition lenders (as determined
in the reasonable discretion of the Co-Lead Arrangers after consultation
with Adelphia) upon an application or motion of the Credit Parties reasonably
satisfactory in form and substance to the Co-Lead Arrangers, on such prior
notice to such parties (including the pre-petition lenders) as may in each
case be reasonably satisfactory to the Co-Lead Arrangers, (y) shall be in full
force and effect and (z) shall not have been stayed, reversed, modified or
amended in any respect. If you satisfy the conditions set forth in this
paragraph, each Lead Lender agrees to hold its commitment, as outlined herein
available for you until (A) the earlier of (i) 5:00 p.m., New
York City time, on March 21, 2006 and (ii) the date on which any of
the conditions to the commitments and agreements of the Lead Lenders and the Co-Lead
Arrangers as outlined herein and in the Term Sheet attached hereto shall become
incapable of being satisfied prior to the otherwise applicable expiration of
the commitments, provided that prior to terminating the commitments and
agreements set forth herein pursuant to this clause (ii), we shall provide
Adelphia with at least ten (10) business days’ written notice thereof and
the failure of such condition to be capable of satisfaction shall continue to
be in effect at the end of such ten (10) business day period and (B) such
later date as we shall, in our sole discretion, otherwise agree. Notwithstanding
the foregoing, if the Extension Order shall at any time cease to be in full
force and effect or shall be reversed, modified or stayed, each Lead Lender or
each Co-Lead Arranger may, in its sole discretion, terminate its commitment or
agreement hereunder, in each case without further obligation hereunder.

 

Notwithstanding anything to the contrary in this Commitment Letter or
the Fee Letter, all obligations of any Credit Party under any such document are
subject to the approval of the lenders under the Existing DIP Facility, if
required, and the entry of the Extension Order.

 

6

 

We are pleased
to have been given the opportunity to assist you in connection with this
important financing.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JPMORGAN
  CHASE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  A. Austin

  	
   

  
	
   

  	
   

  	
  Name:
  William A. Austin

  
	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  J.P. MORGAN
  SECURITIES INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Norma Corio

  	
   

  
	
   

  	
   

  	
  Name: Norma
  Corio

  
	
   

  	
   

  	
  Title:   Managing Director

  

 

 

 

	
   

  	
  CITICORP NORTH AMERICA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael
  Schadt

  	
   

  
	
   

  	
   

  	
  Name:
  Michael Schadt

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  
	
   

  	
  CITIGROUP GLOBAL MARKETS
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael
  Schadt

  	
   

  
	
   

  	
   

  	
  Name:
  Michael Schadt

  
	
   

  	
   

  	
  Title:
  Authorized Signatory

  

 

 

 

Accepted and
agreed to as of

the date first above written:

 

ADELPHIA
COMMUNICATIONS CORPORATION

UCA LLC

CENTURY CABLE HOLDINGS, LLC

CENTURY-TCI CALIFORNIA, L.P.

OLYMPUS CABLE HOLDINGS, LLC

FRONTIERVISION OPERATING PARTNERS, L.P.

ACC INVESTMENT HOLDINGS, INC.

PARNASSOS, L.P.

ARAHOVA COMMUNICATIONS, INC.

ADELPHIA CALIFORNIA CABLEVISION, LLC

 

 

	
  By:

  	
  /s/ Vanessa A. Wittman

  	
   

  
	
   

  	
  Name: Vanessa A. Wittman

  
	
   

  	
  Title:   Executive Vice
  President and Chief Financial Officer

  

 

 

 

EXHIBIT A

 

ADELPHIA
COMMUNICATIONS CORPORATION

$1,300,000,000
DEBTOR-IN-POSSESSION FINANCING

SUMMARY
OF TERMS AND CONDITIONS

 

	
  Borrowers:

  	
  Each of the subsidiaries of Adelphia Communications Corporation (the “Parent”) listed on Annex A attached hereto and identified
  as a borrower (each, a “Borrower”),
  as a Debtor-in-Possession in a case (a “Case”)
  pending under Chapter 11 of the Bankruptcy Code. Each group of entities
  consisting of a Borrower and the direct and indirect subsidiaries of the
  Parent identified on Annex A as belonging to such Borrower’s borrower group
  (each of such entities also as Debtors-in-Possession in Cases), is referred
  to as a “Borrower Group”.

   

  Each Borrower Group identified on Annex A as a “several borrower
  group” is referred to as a “Several Borrower Group”.

   

  The Borrower Group identified on Annex A as the “joint and several
  borrower group” is referred to as the “Joint and Several
  Borrower Group”. 

  
	
  Guarantors:

  	
  With respect to each Borrower, (i) each other Loan Party (as
  defined below) in its Borrower Group, (ii) each Loan Party in the Joint
  and Several Borrower Group and (iii) the Parent and each of its direct
  and indirect holding company subsidiaries identified on Annex A as a “holding
  company guarantor” (collectively with the Parent, the “Holding Companies”, and the guarantees of
  such Holding Companies are referred to herein as the “Holding
  Company Guarantees”).

   

  Subject to the terms of the section entitled “Priority and Liens”
  below, (i) each guarantee (other than a Holding Company Guarantee) is
  secured by substantially all of the assets of the relevant guarantor and (ii) each
  Holding Company Guarantee is secured by the equity of each direct subsidiary
  of such Holding Company and by any cash accounts or cash investments of such
  Holding Company and, to the extent such Holding Company holds any other
  assets, such other assets. The benefits of the security interest in such cash
  accounts and cash investments are allocated among the lenders’ exposures to
  the various Borrower Groups on a pro rata basis.

   

  No Loan Party in a Several Borrower Group guarantees the obligations
  of any Borrower or any other Loan Party, except for the Borrower and the
  other Loan Parties in such Loan Party’s Borrower Group.

   

  All guarantors must be Debtors-in-Possession in the Cases.

  
	
  Facility Amount and Type:

  	
  The extended DIP facility (the “Extended DIP Facility”)
  shall be in an amount up to $1.3 billion, which shall consist of (i) a
  Tranche A Revolving Credit Facility in an amount up to $800 million with a
  letter of credit subfacility of up to $500 million and (ii) a Tranche B
  Term Loan

  

 

10

 

 

	
   

  	
  in an amount up to $500 million. The existing DIP facility of the
  Loan Parties is referred to herein as the “Existing
  DIP Facility”, and the Extended DIP Facility and the Existing DIP
  Facility are collectively referred to herein as the “DIP
  Facility”.

   

  The maximum amount of the Extended DIP Facility available to each
  Borrower shall initially be as set forth on Annex B attached hereto under the
  heading “Initial Borrowing Limit” and, upon the occurrence of the Cost
  Allocation Change (as defined below), shall be as set forth on Annex B under
  the heading “Final Borrowing Limit”. Such maximum amount is referred to
  herein as such Borrower’s “Borrowing Limit”.

   

  The Borrowing Limit of any Borrower at any time is reduced
  dollar-for-dollar by the amount of post-petition intercompany advances owed
  (and not previously repaid) by any Loan Party in such Borrower’s Borrower
  Group to any other Loan Party other than another Loan Party in such Borrower’s
  Borrower Group (“Non-Group Intercompany
  Debt”); provided that
  the foregoing terms shall not apply to the intercompany loans made or to be
  made by certain Loan Parties to the Parent and the Borrower in the Joint and
  Several Borrower Group in an aggregate amount not to exceed $130,000,000 (the
  “Specified Cap”), $100,000,000 of
  which has previously been used (in accordance with the terms of Amendment No. 13
  and Waiver to the First Amended and Restated DIP Facility (“Amendment No. 13”)) to finance certain capital
  expenditures and to fund a portion of the settlement payment paid to TelCove,
  and $30,000,000 of which will be used, in accordance with the terms of the
  Extended DIP Facility, to finance certain capital expenditures and for other
  general corporate purposes (collectively, the “Specified
  Intercompany Funding Transaction”). Upon receipt by the Co-Lead
  Arrangers (as defined below) from the Loan Parties of an order of the United
  States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) approving the change in the methodology
  of allocating certain costs among the Loan Parties as previously described to
  the Co-Lead Arrangers (the “Cost Allocation Change”),
  and provided that such change in methodology is reasonably satisfactory to
  the Co-Lead Arrangers, certain Loan Parties will be permitted to make
  additional intercompany loans to certain Holding Companies in an aggregate
  amount not to exceed $320,000,000, and the Specified Cap shall be increased
  by the amount of such additional intercompany loans, and such loans shall be
  considered to be part of the Specified Intercompany Funding Transaction
  for all purposes of the Extended DIP Facility and, therefore, such amounts
  will not reduce the Borrowing Limit of any Borrower and will not be subject
  to the monthly true-up under the Cash Management Protocol (as defined below),
  as more fully described below.

   

  The incurrence of Non-Group Intercompany Debt is also subject to the
  limitations set forth under “Covenants” below. Except as provided in the Cash
  Management Protocol or as otherwise provided in Amendment No. 13 or the
  Extended DIP Facility in respect of the Specified Intercompany Funding
  Transaction, Non-Group Intercompany Debt bears interest from

  

 

11

 

	
   

  	
  time to time on a monthly basis at the rate equal to the blended rate
  of interest for such period under the DIP Facility and otherwise is subject
  to the terms of the cash management protocol of the Loan Parties, as the same
  has been amended from time to time (as amended, the “Cash Management Protocol”). 

  
	
  Nature of Obligations of the Borrowers and Guarantors:

  	
  The obligations of any Borrower and any Guarantor in any Several
  Borrower Group are joint and several within such Several Borrower Group, and
  several as to any other Borrower Group.

   

  The obligations of any Borrower and any Guarantor in the Joint and
  Several Borrower Group are joint and several within such Joint and Several
  Borrower Group and joint and several with respect to all Several Borrower
  Groups.

   

  The obligations of the Holding Companies are joint and several with
  respect to all Loan Parties.

  
	
  Maturity Date:

  	
  The maturity date of the Extended DIP Facility shall be August 7,
  2006; provided that if the closing of the
  Asset Purchase Agreements, each dated as of April 20, 2005 between
  Adelphia and either Time Warner NY Cable LLC or Comcast Corporation as in
  effect on the date of effectiveness of the Extended DIP Facility, does not
  occur by such date due to antitrust regulatory approval condition not having
  been met, the maturity date shall automatically be extended to November 7,
  2006.

  
	
  Termination Date:

  	
  The earliest of (i) the Maturity Date, (ii) the
  acceleration of the loans and the termination of the commitments in
  accordance with the terms of the DIP Facility and (iii) the substantial
  consummation of a plan of reorganization (a “Plan”) that is confirmed
  pursuant to an order entered by the United States Bankruptcy Court for the
  Southern District of New York or any other court having jurisdiction (the “Court”)
  in any of the Cases (the “Consummation
  Date”), provided that
  in the event a Plan for each Loan Party in a Several Borrower Group has been
  confirmed by the Court (and the date of substantial consummation of a plan of
  reorganization for each Loan Party that belongs to any other then existing
  Borrower Group shall not have occurred simultaneously), the Consummation Date
  shall be deemed to have occurred only as to the Several Borrower Group with
  respect to which such Plan has been substantially consummated, and not with
  respect to any other Borrower Groups.

   

  Upon the occurrence of the Termination Date with respect to one or
  more (but not all) Borrower Groups in accordance with the immediately
  preceding paragraph, the Termination Date is deemed to have occurred with
  respect to all Loan Parties in such Borrower Group for all purposes under the
  DIP Facility.

  
	
  Joint Bookrunners and Co-Lead Arrangers:

  	
  J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. (the “Co-Lead Arrangers”).

  
	
  Lenders:

  	
  A syndicate of financial institutions and other entities, including
  JPMorgan Chase Bank, N.A. and Citicorp North America, Inc., identified
  by the Co-Lead Arrangers in consultation with the Parent. Lenders having more
  than 50% of the total commitments (or total outstanding exposures if all
  commitments are terminated) under the DIP Facility are

  

 

 

12

 

	
   

  	
  referred to herein as the “Required Lenders”.

  
	
  Administrative Agent:

  	
  JPMorgan Chase Bank, N.A.

  
	
  Syndication Agent:

  	
  Citigroup Global Markets Inc.

  
	
  Collateral Agent:

  	
  Citicorp North America, Inc.

  
	
  Co-Syndication Agent:

  	
  Wachovia Bank, N.A.

  
	
  Co-Documentation Agents:

  	
  To be determined.

  
	
  Priority and Liens:

  	
  Under the terms of the final order issued by the Bankruptcy Court in
  connection with the Existing DIP Facility (the “Final
  Order”), the obligations of each Borrower and each Guarantor
  (each, a “Loan Party”) are (and, under the
  Extended DIP Facility, will be) (i) pursuant to Section 364(c)(1) of
  the Bankruptcy Code, entitled to superpriority claim status in the Case of
  such Loan Party, (ii) pursuant to Section 364(c)(2) of the
  Bankruptcy Code, secured by a perfected first priority senior security
  interest and lien on all unencumbered property of such Loan Party and any
  amounts that cash collateralize any letter of credit issued for the account
  of such Loan Party, (iii) pursuant to Section 364(c)(3) of the
  Bankruptcy Code, secured by a perfected junior lien on all property of such
  Loan Party that was subject to valid, perfected and unavoidable liens that
  were in existence immediately prior to the commencement of the Case of such
  Loan Party or to valid and unavoidable liens that were in existence
  immediately prior to such commencement that were perfected subsequent to such
  commencement as permitted by Section 546(b) of the Bankruptcy Code
  and, to the extent applicable, Section 362(b)(18) of the Bankruptcy Code
  (other than the property that is subject to the existing liens that secure
  obligations under the pre-petition credit facility with respect to which such
  Loan Party is a borrower or a guarantor (any such facility, a “Pre-Petition Facility” and the agents under each Pre-Petition
  Facility, each, a “Pre-Petition Agent”
  and, together, the “Pre-Petition Agents”)
  which liens have been, in accordance with the terms of the Final Order,
  primed by the liens described in clause (iv) below); and (iv) pursuant
  to Section 364(d)(1) of the Bankruptcy Code, secured by a perfected
  first priority, senior priming security interest and lien on all of the
  property of such Loan Party (including, without limitation, inventory,
  accounts receivable, property, plant, equipment, patents, copyrights,
  trademarks, tradenames and other intellectual property and capital stock of
  subsidiaries) that is subject to the existing liens that secure the
  obligations of such Loan Party under its Pre-Petition Facility or that is
  subject to a valid and enforceable right of setoff by any lender party to
  such Pre-Petition Facility (the “Primed Liens”),
  which senior priming liens (A) are senior in all respects to the
  interests in such property of the lenders in the Pre-Petition Facility of
  such Loan Party, and (B) also prime any liens granted after the
  commencement of the Cases to provide adequate protection in respect of any of
  the Primed Liens but do not prime liens, if any, to which the Primed Liens
  were subject at the time of the commencement of the Cases, subject in each
  case only to (x) in the event of the occurrence and during the continuance of
  an event of default, or an event that would constitute an event of default
  with the giving of notice or lapse of time or both, the payment of allowed
  and unpaid professional fees and disbursements incurred following such
  occurrence by such Loan Party and any statutory committees appointed in the
  Case of such Loan Party in

  

 

13

 

	
   

  	
  an aggregate amount with respect to all Loan Parties and all
  committees not in excess of $15 million (of which up to $500,000 may be
  applied towards fees and disbursements incurred by a Chapter 7 Trustee in any
  Chapter 7 liquidation, pursuant to §726 of the Bankruptcy Code, as
  contemplated in the Guidelines issued by the Southern District of New York),
  and (y) the payment of fees pursuant to 28 U.S.C. §1930 ((x) and (y),
  together, the “Carve-Out”). Notwithstanding the
  foregoing, so long as an event of default or an event which with the giving
  of notice or lapse of time or both would constitute an event of default shall
  not have occurred and be continuing at the time of payment, each Loan Party
  is permitted to pay compensation and reimbursement of expenses allowed and
  payable under 11 U.S.C. § 330 and § 331, as the same may be
  due and payable, and the same shall not reduce the Carve-Out.

   

  The following assets (collectively, “Excluded
  Property”) of a Borrower or a Guarantor are not subject to a
  security interest and lien:  (1) any
  franchises, licenses or equivalent rights (collectively, “Franchises”) to the extent the granting
  of a security interest in any such Franchise would result in the forfeiture,
  termination or loss of such Franchise (it being understood that “Excluded
  Property” shall not include any proceeds from the sale or other disposition
  of any such Franchise), (2) any equity interest or investment property
  to the extent the holder of such interest or property is prohibited or
  otherwise restricted in the granting of a security interest with respect to
  such equity interest or investment property and to the extent any such
  restriction is enforceable (it being understood that “Excluded Property”
  shall not include any proceeds from the sale or other disposition of, or any
  dividends or other distributions on, any such equity interest or investment
  property), (3) voting equity interests in any foreign subsidiary that is
  a direct subsidiary of a domestic subsidiary, to the extent (but only to the
  extent) required to prevent the collateral from including more than 66 2/3%
  of all voting equity interests in such foreign subsidiary and (4) equity
  interests in any foreign subsidiary that is a direct subsidiary of a foreign
  subsidiary; provided, however,
  that any such asset described in clauses (1) or (2) is deemed to
  constitute Excluded Property if and for so long as such forfeiture,
  termination or loss would occur or such prohibition or restriction applies
  and, in each case, is not overriden by order of the Bankruptcy Court.

  
	
  Adequate Protection:

  	
  The parties (the “Primed
  Parties”) whose liens were primed as described above,
  and the cash proceeds of whose prepetition collateral were authorized for use
  by the Borrowers and the Guarantors pursuant to the terms of the Final Order,
  are entitled to receive from their particular Borrowers and Guarantors, on a
  joint and several basis, the following as adequate protection (and consistent
  with the rights of the Primed Parties under Section 506(b) of the
  Bankruptcy Code): (i) the monthly payment of an amount equal to current
  interest and letter of credit fees at the applicable non-default base rates
  plus applicable margins (excluding LIBOR pricing options) provided for
  pursuant to the Pre-Petition Facilities and in effect on the date immediately
  preceding the date of commencement of the applicable Case, (ii) a
  superpriority claim against their particular Borrowers and Guarantors under
  the Pre-Petition Facilities and as contemplated by Section 507(b) of
  the Bankruptcy Code

  

 

14

 

	
   

  	
  immediately junior to the claims under Section 364(c)(1) of
  the Bankruptcy Code held by the Collateral Agent and the Intercompany Liens
  (as defined below), (iii) an adequate protection lien on the present and
  future assets of their Borrowers and Guarantors against which the primed
  party has a claim (including without limitation any Non-Group Intercompany Debt
  owed to a Borrower or Guarantor and the Intercompany Liens of such Borrower
  against other Borrowers or Guarantors), which adequate protection lien has a
  priority immediately junior to the priming and other liens granted in favor
  of the Collateral Agent and the Intercompany Liens, and (iv) the payment
  on a current monthly basis, without the necessity of filing fee applications,
  of the reasonable fees and expenses (including, but not limited to, the
  reasonable fees and disbursements of counsel and internal and third-party
  consultants, including financial consultants, and auditors) incurred by
  respective agents and the continuation of the payment to the agents on a
  current basis of the administration fees that are provided for thereunder,
  without the need to submit fee applications or to obtain Bankruptcy Court
  approval.

   

  Borrowers are required to notify the Pre-Petition Agent for their
  respective Pre-Petition Facility of any material adverse action taken or
  threatened by any franchisor or of any material diminution in the number of
  subscribers corresponding to their respective Borrower Group. So long as
  there are any borrowings or letters of credit outstanding, or the commitments
  under the DIP Facility are in effect, the Primed Parties are not permitted to
  take any action in the Court or otherwise to exercise any remedies in respect
  of such adequate protection claims or liens; provided, that the
  foregoing does not prevent the Primed Parties from seeking additional
  adequate protection or modification thereof or from seeking the termination
  of the use of cash collateral upon the occurrence and during the continuance
  of any event of default under the loan documents for the DIP Facility as long
  as such additional adequate protection shall at all times be subject and
  junior to the claims and liens securing the DIP Facility.

   

  The adequate protection liens and the priority claims granted to the
  Primed Parties secure an amount equal to the diminution, from and after the
  filing date, in the value of their prepetition collateral, including, without
  limitation, (x) the diminution in value of the Primed Liens as a consequence
  of the priming liens contemplated hereby, (y) the use by the members of a
  Borrower Group of cash collateral and (z) the continued use by the members of
  a Borrower Group of cash collateral otherwise subject to setoff.

   

  As additional adequate protection to the
  Primed Parties, the Borrowers are required to comply with the terms of the
  Cash Management Protocol.

   

  Nothing herein shall be deemed to
  constitute the consent of the Pre-Petition Agents or lenders under the
  Pre-Petition Facility to any act taken or sought by the Loan Parties during
  the Cases or to seek any relief under the Bankruptcy Code or applicable law,
  except to the extent expressly

  

 

15

 

	
   

  	
  provided by the terms hereof.

  
	
  Availability:

  	
  Availability under the Extended DIP Facility will be subject to the
  same conditions (in addition to the conditions set forth under “Conditions” below) which are applicable to the Existing
  DIP Facility, which conditions include:

   

  1. Aggregate borrowings of all Borrowers may not exceed total
  commitments under the DIP Facility that are available from time to time; and

   

  2. No Borrower may borrow in excess of its Borrowing Limit from
  time to time (as reduced, except as otherwise provided herein, by Non-Group
  Intercompany Debt that has not been repaid and as a result of assets sales to
  the extent contemplated under “Mandatory Commitment and Borrowing Limit
  Reductions and Repayments”, as set forth below).

  
	
  Mandatory Commitment and Borrowing Limit Reductions and Repayments:

  	
  Subject to certain exceptions set forth in the Existing DIP Facility
  (which exceptions will continue to apply to the Extended DIP Facility), the
  following events constitute mandatory prepayment events: (i) any asset
  sale or other disposition of assets by any Loan Party (other than to any
  other Loan Party that belongs to the same Borrower Group), (ii) any
  casualty or other insured damage to any property of any Loan Party, or any
  taking of property pursuant to the power of eminent domain or condemnation, (iii) the
  issuance of any equity securities, or the receipt of any capital contribution
  (other than to or from any other Loan Party which belongs to the same Borrower
  Group), and (iv) the incurrence of any indebtedness, in each case,
  subject to certain exceptions, so long as the proceeds from any such event
  exceed $100,000 (each, a “Reduction Event”).

   

   

  Upon the consummation of any Reduction Event, the net proceeds thereof
  are required to be applied as follows: (i) the Borrower in the Borrower
  Group to which such Loan Party belongs (or the Borrower in the Joint and
  Several Borrower Group in the case of a Reduction Event by a Holding Company)
  is required to repay its outstanding DIP loans with such proceeds, (ii) to
  the extent any excess proceeds after compliance with clause (i) are
  available, such Borrower is required to cash collateralize the letters of
  credit issued for its account in an amount equal to 110% of the face amount
  thereof and (iii) to the extent there are proceeds available after the
  repayments and collateralizations described in clauses (i) and (ii),
  such proceeds are required to be applied (x) in the case of a Borrower in a
  Several Borrower Group, to repay pro rata (on the basis of outstanding
  principal amount) any Non-Group Intercompany Debt owed or guaranteed by any
  Loan Party in such Borrower’s Borrower Group and (y) in the case of the
  Borrower in the Joint and Several Borrower Group, (A) to repay on a pro
  rata basis the outstanding Loans of all other Borrowers, until such Loans
  have been repaid in full, (B) to the extent any excess proceeds after
  compliance with clause (A) are available, to cash collateralize pro rata
  the letters of credit issued for the account of all other Borrowers and (C) to
  the extent any excess

  

 

16

 

	
   

  	
  proceeds after compliance with clauses (A) and (B) are
  available, to repay pro rata (on the basis of outstanding principal amount)
  any Non-Group Intercompany Debt (with an exception for Non-Group Intercompany
  Debt resulting from the Specified Intercompany Funding Transaction) owed or
  guaranteed by any Loan Party; provided
  that, in all cases, if the sum of all net proceeds received by all Loan
  Parties in a particular Borrower Group (including the Holding Companies in
  the case of the Joint and Several Borrower Group) from one or more Reduction
  Events is less than $1 million, the application of proceeds described above
  are not required to be made until receipt of aggregate net proceeds by the
  Loan Parties in the same Borrower Group (including the Holding Companies in
  the case of the Joint and Several Borrower Group) of at least $1 million.

   

   

  In addition, in connection with the application of the net proceeds
  from any Reduction Event as described above, (x) the Borrowing Limit of the
  relevant Borrower is required to be reduced by an amount to be determined by
  the Co-Lead Arrangers in their discretion after consultation with such
  Borrower (subject, in the case of Borrowers in the Several Borrower Groups,
  to certain minimum reductions) and (y) the total commitment is required to be reduced by an
  amount equal to the amount of the repayments and cash collateralizations made
  by the relevant Borrower as provided above.

  
	
  Optional Commitment and Borrowing Limit Reductions:

  	
  The Borrowers are permitted to reduce the total unused commitments at
  any time and from time to time.

   

   

  In addition, each Borrower is permitted to reduce (to an amount not
  less than its outstanding exposure) or permanently terminate its Borrowing
  Limit.

   

  
	
  Exit of a Several Borrower:

  	
  Any Several Borrower Group may exit the DIP Facility, if each of
  the following conditions is met with respect to such Borrower Group: (i) all
  Loan Parties in such Borrower Group shall have terminated their participation
  in the cash management system of the consolidated group on terms and
  conditions reasonably satisfactory to the Required Lenders (each such
  occurrence, a “Cash Management Separation”), (ii) all loans outstanding under the DIP Facility
  to the Borrower in such Borrower Group shall have been repaid in full,
  together with accrued and unpaid interest thereon, (iii) all letters of
  credit issued for the account of such Borrower shall have expired or been
  cancelled (or cash collateralized as contemplated by clause (iv) below),
  (iv) all other secured obligations of all Loan Parties in such Borrower
  Group shall have been repaid in full or cash collateralized, in each case
  pursuant to arrangements reasonably satisfactory to the Administrative Agent
  and (v) the Borrowing Limit of such Borrower Group shall have been
  permanently reduced to $0. Upon satisfactions of such conditions, such

  

 

17

 

	
   

  	
  Borrower Group is no longer bound by the covenants under the DIP
  Facility, and its collateral is required to be released.

   

  
	
  Interest Rate Margin:

  	
  The interest rate margins for the Extended DIP Facility shall be 200
  basis points over LIBOR, 100 basis points over alternate base rate.

  
	
  Commitment Fees:

  	
  A commitment fee will accrue daily on the unused portion of the
  commitment under the Tranche A Revolving Credit Facility, at a rate equal to
  50 basis points per annum.

  
	
  Letters of Credit

  	
  Under the Extended DIP Facility, letters of credit may expire up
  to 60 days after the Termination Date, provided that
  for each letter of credit that expires after the Termination Date, the
  applicable Borrower shall, at or prior to the Termination Date, either cash
  collateralize such letter of credit or provide a “back-to-back” letter of
  credit (reasonably satisfactory to the issuing bank and the Administrative
  Agent), in each case, in an amount equal to 110% of its outstanding face
  amount.

  
	
  Conditions:

  	
  As to effectiveness of the Extended DIP Facility, the conditions
  are:  (i) the entry of an order of
  the Bankruptcy Court reasonably satisfactory in form and substance to
  the Co-Lead Arrangers, approving the transactions contemplated by the
  Extended DIP Facility, (ii) approval of lenders holding at least 66 2/3%
  of loans outstanding under the Existing DIP Facility and approval of all
  lenders under the Extended DIP Facility, (iii) payment of all fees and (iv) receipt
  of a legal opinion from counsel for the Loan Parties.

   

  The conditions to borrowing under the Extended DIP Facility will be
  identical to the conditions to borrowing under the Existing DIP Facility
  which conditions include a bring-down of the representations and warranties.

  
	
  Covenants:

  	
  Except as otherwise provided herein, the affirmative and negative
  covenants will be substantially identical to the covenants contained in the
  Existing DIP Facility which include, a limitation on indebtedness, a negative
  pledge, a limitation on investments (subject to certain baskets), and a
  requirement that franchise contracts be maintained/renewed (subject to a 10%
  basket), subject, in each case, to certain exceptions. Direct advances and
  other investments by any Loan Party in one Borrower Group to any Loan Party
  in another Borrower Group are not permitted (with an exception for the
  Specified Intercompany Funding Transaction). Advances by any Loan Party in
  any Borrower Group to any of its direct or indirect holding companies, and by
  any direct or indirect holding company of any Borrower Group to any Loan
  Party in such Borrower Group, are permitted so long as such advances and
  investments are secured by a silent second lien on the collateral securing
  the DIP Facility (the “Intercompany Liens”),
  which liens are subordinated in all respects (including as to enforcement) to
  the liens securing the DIP Facility (except that no member of a Borrower
  Group may make advances while a financial covenant event of default is
  in effect with respect to such Borrower Group). The recipients of any funds
  pursuant to advances permitted by the immediately preceding sentence are
  required to guarantee the repayment of such advances on a subordinated basis.

   

  

 

18

 

	
   

  	
  On any date, and except as otherwise expressly set forth herein,
  permitted intercompany advances and outstanding borrowings for any Borrower
  Group are not permitted to exceed the Borrowing Limit for such Borrower
  Group.

   

  On a monthly basis, each Borrower Group is required to “true-up”
  intercompany advances in accordance with the provisions of the Cash
  Management Protocol. The Specified Intercompany Funding Transaction is not
  subject to the “true-up” requirement.

  
	
  Financial Covenants:

  	
  1. Minimum EBITDAR with respect to
  each Borrower Group and minimum EBITDA with respect to all Loan Parties, in
  each case, tested monthly on a cumulative basis.

   

  2. Maximum capital expenditures with respect to
  each Borrower Group and all Loan Parties, in each case, tested quarterly. Carry-over
  of unused amounts permitted.

   

  The financial covenant levels for each Borrower Group and all Loan
  Parties are set forth in a document previously provided to the Co-Lead
  Arrangers to be posted on Intralinks for the DIP Lenders.

   

  Failure of any Borrower Group to comply with any financial covenant
  constitutes an event of default only with respect to such Borrower Group.

  
	
  Reporting Requirements:

  	
  1. Delivery of annual and
  monthly financial statements.

   

  2. Delivery of periodic updates of the DIP budget of each Borrower
  Group as requested by the Co-Lead Arrangers.

   

  3. Monthly delivery for each Borrower Group and the consolidated
  group of rolling 13-week projected receipts and
  disbursement forecasts.

   

  4. Monthly delivery of reports regarding intercompany advances.

   

  5. Monthly delivery of reports regarding status of franchise agreement
  and information regarding subscribers.

   

  Failure to comply with any of the reporting requirements set forth
  above constitutes an event of default but may be waived by the Co-Lead
  Arrangers in their sole discretion.

  
	
  Certain Modifications to Existing DIP

  Facility:

  	
  The Extended DIP Facility
  will include the following modifications to the terms of the Existing DIP
  Facility:

   

  1. The date for delivery
  of the consolidated audited financial statements of the Parent for the fiscal
  year ended December 31, 2005 shall be extended until no later than April 30,
  2006. In addition, the date for delivery of the combining schedule for
  each Borrower Group (other than the 7A, 7B and 7C Borrower Groups, which
  shall be delivered on a combined basis) containing certain unaudited
  financial information of the applicable Borrower Group or Borrower Groups for
  the fiscal year ended December 31, 2005 shall be extended until no later
  than May 31, 2006.

   

  

 

19

 

	
   

  	
  2. The monthly
  reconciliation of results of business operations shall be made against the
  DIP budget provided in connection with the Extended DIP Facility. The
  reconciliation of results of business operations for the fiscal year ended December 31,
  2005 shall be made against the DIP budget that was provided in connection
  with the Existing DIP Facility.

   

  3. The date in Section 3.04(b),
  No Material Adverse Change, shall be changed to December 31, 2004. In
  addition, the definition of Current SEC Reports shall be revised to include
  the Parent’s Annual Report on Form 10-K for the fiscal year ended December 31,
  2004.

   

  4. The aggregate amount of
  intercompany loans to the Parent and the Borrower in the Joint and Several
  Borrower Group permitted under the Specified Intercompany Funding Transaction
  shall be increased from $100,000,000 to $130,000,000 (or $450,000,000 if the
  Cost Allocation Change is implemented).

   

  5. The amount of Shared
  Capital Expenditures that the Joint and Several Borrower Group shall be
  permitted to allocate to the other Borrower Groups shall be increased from
  $200,000,000 to $230,000,000.

   

  6. The SPV structure
  contained in the Existing DIP Facility will be eliminated, and each existing
  SPV will be designated as a Holding Company. In addition, the cash accrued in
  the Real Property Proceeds Account (which as of the date hereof is
  approximately $3.5 million) will be released to the Loan Parties and the Loan
  Parties will be permitted to use such amounts for general corporate purposes.

   

  7. Each Forfeited Entity
  shall be permitted to make Pre-Petition Payments for obligations accrued in
  the ordinary course prior to the commencement of the Case of such Forfeited
  Entity.

   

  
	
  Governance Matters:

  	
  The Borrowers must
  continue to employ William T. Schleyer as CEO, or a successor CEO or senior
  executive reasonably acceptable to the Co-Lead Arrangers.

  
	
  Assignments:

  	
  Assignments do not require the consent of any Loan Party.

  
	
  Governing Law:

  	
  New York, except
  as governed by the Bankruptcy Code.

   

  

 

20

 

ANNEX
A

 

Century
Borrower Group (Several Borrower Group):

 

 

Borrower:

Century
Cable Holdings, LLC

 

Guarantors:

Ft.
Myers Cablevision, LLC

Ft.
Myers Acquisition Limited Partnership

Adelphia
Cablevision of Newport Beach, LLC

California
Ad Sales, LLC

Tri-States,
L.L.C.

CMA
Cablevision Associates VII, L.P.

Wellsville
Cablevision, L.L.C.

Brazas
Communications, Inc.

Eastern
Virginia Cablevision, L.P.

Louisa
Cablevision, Inc.

Manchester
Cablevision, Inc.

Clear
Cablevision, Inc.

Adelphia
Cablevision of Inland Empire, LLC

Adelphia
Cablevision Corp.

Harron
Cablevision of New Hampshire, Inc.

Adelphia
Communications of California II, LLC

Century
Virginia Corp.

Adelphia
of the Midwest, Inc.

Badger
Holding Corporation

Paragon
Cable Television Inc.

Paragon
Cablevision Construction Corporation

Century
Wyoming Cable Television Corp.

Star
Cable Inc.

E. &
E. Cable Service, Inc.

Adelphia
Cablevision of West Palm Beach III, LLC

Adelphia
Cablevision of Orange County II, LLC

Owensboro
on the Air, Inc.

Owensboro
Indiana, L.P.

Century
Island Cable Television Corp.

Southwest
Colorado Cable, Inc.

Sentinel
Communications of Muncie, Indiana, Inc.

Huntington
CATV, Inc.

Century
Warrick Cable Corp.

Century
Cable Holding Corp.

Adelphia
Cablevision of Orange County, LLC

Century
Ohio Cable Television Corp.

Tele-Media
Company of Tri-States L.P.

CMA
Cablevision Associates XI, Limited Partnership

 

21

 

Martha’s
Vineyard Cablevision, L.P.

TMC
Holdings Corporation

Scranton
Cablevision, Inc.

Blacksburg/Salem
Cablevision, Inc.

Adelphia
Cablevision of Seal Beach, LLC

Adelphia
Cablevision of Fontana, LLC

Adelphia
Cablevision of San Bernardino, LLC

Adelphia
Cablevision of Boca Raton, LLC

Adelphia
Communications of California, LLC

Century
Mountain Corp.

Adelphia
Prestige Cablevision, LLC

Adelphia
Cleveland, LLC

S/T
Cable Corporation

Paragon
Cablevision Management Corporation

Century
Trinidad Cable Television Corp.

Grafton
Cable Company

The
Westover T.V. Cable Co., Incorporated

Century
New Mexico Cable Television Corp.

Mickelson
Media, Inc.

Century
Mendocino Cable Television, Inc.

Century
Colorado Springs Partnership

Century
Granite Cable Television Corp.

Century
Island Associates, Inc.

Century
Southwest Colorado Cable Television Corp.

Century
Indiana Corp.

Adelphia
Cablevision of West Palm Beach IV, LLC

Adelphia
Cablevision of West Palm Beach V, LLC

Century
Berkshire Cable Corp.

Adelphia
Pinellas County, LLC

 

22

 

Century-TCI Borrower Group
(Several Borrower Group):

 

Borrower:

Century-TCI
California, L.P.

 

Guarantors:

Century-TCI
Holdings, LLC

Century-TCI
California Communications, L.P.

Century-TCI
Distribution Company, LLC

 

23

 

UCA
Borrower Group (Several Borrower Group):

 

 

Borrower:

UCA
LLC

 

Guarantors:

Southwest
Virginia Cable, Inc.

Van
Buren County Cablevision, Inc.

Adelphia
Cablevision of Santa Ana, LLC

Adelphia
Cablevision of Simi Valley, LLC

Tele-Media
Company of Hopewell-Prince George

SVHH
Cable Acquisition, L.P.

SVHH
Holdings, LLC

Olympus
Communications, L.P.

National
Cable Acquisition Associates, L.P.

Tele-Media
Investment Partnership, L.P.

Adelphia
Central Pennsylvania, LLC

Eastern
Virginia Cablevision Holdings, LLC

 

24

 

Parnassos
Borrower Group (Several Borrower Group):

 

 

Borrower:

Parnassos,
L.P.

 

Guarantors:

Parnassos
Holdings, LLC

Parnassos
Communications, L.P.

Western
NY Cablevision, L.P.

Parnassos
Distribution Company I, LLC

Parnassos
Distribution Company II, LLC

 

25

 

Frontiervision
Borrower Group (Several Borrower Group):

 

 

Borrower:

FrontierVision
Operating Partners, L.P.

 

Guarantors:

FrontierVision Capital Corporation

FrontierVision Access Partners, LLC

The Main InternetWorks, Inc.

Adelphia Communications of California III, LLC

FrontierVision Cable New England, Inc.

FOP Indiana, L.P.

FrontierVision Holdings, L.P.

FrontierVision Operating Partners, L.L.C.

FrontierVision Holdings Capital Corporation

FrontierVision Holdings Capital II Corporation

 

26

 

Olympus
Borrower Group (Several Borrower Group):

 

 

Borrower:

Olympus
Cable Holdings, LLC

 

Guarantors:

Olympus
Communications Holdings, L.L.C.

Arahova
Holdings, LLC

Adelphia
Cablevision of New York, Inc.

Century
Alabama Holding Corp.

Century
Enterprise Cable Corp.

Century
Alabama Corp.

Century
Cullman Corp.

Century
Cable Management Corporation

Century
Carolina Corp.

Century
Huntington Company

Century
Mississippi Corp.

Century
Norwich Corp.

Century
Shasta Cable Television Corp.

CDA
Cable, Inc.

Century
Washington Cable Television, Inc.

Century
Kansas Cable Television Corp.

Century
Lykens Cable Corp.

Cowlitz
Cablevision, Inc.

Imperial
Valley Cablevision, Inc.

Kootenai
Cable, Inc.

Mickelson
Media of Florida, Inc.

Pullman
TV Cable Co., Inc.

Rentavision
of Brunswick, Inc.

Telesat
Acquisition, LLC

Valley
Video, Inc.

Wilderness
Cable Company

Yuma
Cablevision, Inc.

Warrick
Cablevision, Inc.

CCC-III, Inc.

Warrick
Indiana, L.P.

Chelsea
Communications, LLC

Chelsea
Communications, Inc.

GS
Telecommunications LLC

Kalamazoo
County Cablevision, Inc.

Multi-Channel
T.V. Cable Company

Mt.
Lebanon Cablevision, Inc.

Rigpal
Communications, Inc.

Upper
St. Clair Cablevision, Inc.

Pericles
Communications Corporation

 

27

 

Mountain
Cable Communications Corporation

Young’s
Cable TV Corp.

Better
TV, Inc. of Bennington

Adelphia
Cablevision Associates, L.P.

Three
Rivers Cable Associates, L.P.

Mountain
Cable Company, L.P.

Lake
Champlain Cable Television Corporation

Richmond
Cable Television Corporation

Adelphia
GS Cable, LLC

ACC
Cable Holdings VA, Inc.

Adelphia
Cable Partners, L.P.

GS
Cable LLC

ACC
Cable Communications FL-VA, LLC

Timotheos
Communications, L.P.

Southeast
Florida Cable, Inc.

Key
Biscayne Cablevision

West
Boca Acquisition Limited Partnership

Starpoint,
Limited Partnership

Genesis
Cable Communications Subsidiary L.L.C.

Cable
Sentry Corporation

Coral
Security, Inc.

Westview
Security, Inc.

Olympus
Capital Corporation

TMC
Holdings, LLC

Adelphia
Company of Western Connecticut

Olympus
Subsidiary, LLC

Adelphia
Holdings 2001, LLC

Palm
Beach Group, Inc.

 

28

 

Seven A (Joint and Several Borrower Group):

 

 

Borrower:

ACC
Investment Holdings, Inc.

 

Guarantors:

 

ACC
Telecommunications Holdings LLC

ACC
Telecommunications LLC

ACC
Telecommunications of Virginia LLC

ACC-AMN
Holdings, LLC

Adelphia
Acquisition Subsidiary, Inc.

Adelphia
Arizona, Inc.

Adelphia
Cablevision, LLC

Adelphia
Communications International, Inc.

Adelphia
International II, LLC

Adelphia
International III, LLC

Adelphia
Harbor Center Holdings, LLC

Adelphia
General Holdings III, Inc.

Adelphia
Mobile Phones, Inc.

Adelphia
Telecommunications, Inc.

Adelphia
Wellsville, LLC

Chestnut
Street Services, LLC

The
Golf Club at Wending Creek Farms, LLC

Mercury
Communications, Inc.

Page Time, Inc.

Sabres, Inc.

US
Tele-Media Investment Company

Empire
Sports Network, L.P.

 

29

 

Seven B (Several Borrower Group):

 

 

Borrower:

Arahova
Communications, Inc.

 

Guarantors:

 

FAE
Cable Management Corp.

Adelphia
Blairsville, LLC

Century
Colorado Springs Corp.

Century
Voice and Data Communications, Inc.

Century
Australia Communications Corp.

Century
Oregon Cable Corp.

Century
Investment Holding Corp.

Century
Investors, Inc.

Owensboro-Brunswick, Inc.

Century
Advertising, Inc.

Century
Programming, Inc.

Century
Realty Corp.

Century
Federal, Inc.

Century
Pacific Cable TV, Inc.

Century
Cable of Southern California

Century
Communications Corp.

Century
Exchange, LLC

 

30

 

Seven C (Several Borrower Group):

 

 

Borrower:

Adelphia
California Cablevision, LLC

 

Guarantors:

 

Adelphia
Cablevision of the Kennebunks, LLC

CP-MDU
I LLC

CP-MDU
II LLC

Adelphia
Telecommunications of Florida, Inc.

Buenavision
Telecommunications, Inc.

Century
Cablevision Holdings, LLC

CCC-Indiana, Inc.

CCH
Indiana, L.P.

Global
Cablevision II, LLC

Global
Acquisition Partners, L.P.

Monument
Colorado Cablevision, Inc.

Leadership
Acquisition Limited Partnership

Telesat
Acquisition Limited Partnership

Robinson/Plum
Cablevision, L.P.

 

31

 

Holding Company Guarantors:

 

Adelphia
Communications Corporation

ACC
Operations, Inc.

ACC
Holdings II, LLC

FrontierVision
Holdings, LLC

FrontierVision
Partners, L.P.

Adelphia
GP Holdings, LLC

Montgomery
Cablevision, Inc.

Adelphia
Western New York Holdings, LLC

ACC Properties Holdings, LLC

ACC Properties (JB), LLC

ACC Properties 1, LLC

ACC Properties 4, LLC

ACC Properties 6, LLC

ACC Properties 103, LLC

ACC Properties 105, LLC

ACC Properties 109, LLC

ACC Properties 121, LLC

ACC Properties 122, LLC

ACC Properties 123, LLC

ACC Properties 124, LLC

ACC Properties 130, LLC

ACC Properties 146, LLC

ACC Properties 148, LLC

ACC Properties 149, LLC

ACC Properties 150, LLC

ACC Properties 151, LLC

ACC Properties 152, LLC

ACC Properties 154, LLC

ACC Properties 156, LLC

 

32

 

ANNEX B

 

Borrowing Limits

 

	
  Borrower
  Group

  	
   

  	
  Initial Borrowing Limits

  	
   

  	
  Final Borrowing Limits

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Century

  	
   

  	
  $690,000,000

  	
   

  	
  $650,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Century-TCI

  	
   

  	
  230,000,000

  	
   

  	
  250,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  UCA

  	
   

  	
  100,000,000

  	
   

  	
  75,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Parnassos

  	
   

  	
  10,000,000

  	
   

  	
  10,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FrontierVision

  	
   

  	
  215,000,000

  	
   

  	
  205,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Olympus

  	
   

  	
  25,000,000

  	
   

  	
  25,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Seven
  A

  	
   

  	
  0

  	
   

  	
  0

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Seven
  B

  	
   

  	
  20,000,000

  	
   

  	
  75,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Seven
  C

  	
   

  	
  10,000,000

  	
   

  	
  10,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total:

  	
   

  	
  $1,300,000,000

  	
   

  	
  $1,300,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

33

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