Document:

exv4w1

 

Exhibit 4.1

ADDITIONAL FACILITY ACCESSION AGREEMENT

	 	 	 
	To:

	 	Toronto Dominion (Texas) LLC as Facility Agent and TD Bank Europe Limited as Security Agent
	From:

	 	The banks and financial institutions listed in Schedule 1 to this Agreement (the Additional Facility L Lenders)

Date: 3 July 2006

UPC Broadband Holding B.V. (formerly known as UPC Distribution Holding B.V) — Senior Secured
Credit Facility Agreement dated 16 January 2004 as amended and restated on 24 June 2004 and as
amended by amendment letters dated 22 July 2004 and 2 December 2004 and as subsequently amended and
restated on 7 March 2005 and amended by an amendment letter dated 15 December 2005 and as most
recently amended and restated on 10 May 2006 (the Credit Agreement)

			
	1.	 	In this Agreement:

			
		 	Additional Facility L Commitment means in relation to an Additional Facility L Lender
the amount in euros set opposite its name under the heading “Additional Facility L
Commitment” in Schedule 1 to this Agreement or, following a Commitment Redenomination, its
Remaining Euro Commitment and its Converted CHF Commitment (each as defined in paragraph 9
below).

			
		 	Majority Facility L Lenders means Additional Facility L Lenders the aggregate of whose
Additional Facility Commitments under Additional Facility L exceeds
66 2/3% of the Total
Additional Facility L Commitments.

			
		 	Optional Currency means:

	 	(a)	 	prior to a Commitment Redenomination, Sterling or Swiss Francs; and
	 
	 	(b)	 	following a Commitment Redenomination, in relation to Advances made in respect
of Additional Facility L Lenders’ Remaining Euro Commitments, Sterling or Swiss Francs.

			
		 	Sterling means the lawful currency for the time being of the U.K.

			
		 	Sterling Mandatory Cost means the percentage rate per annum calculated by the Facility
Agent in accordance with Schedule 3 (Sterling Mandatory Cost Formula).

			
		 	Swiss Francs or CHF means the lawful currency for the time being of Switzerland.

			
		 	Total Additional Facility L Commitment means the aggregate for the time being of the
Additional Facility Commitments of each Additional Facility L Lender under Additional
Facility L.

			
		 	United Kingdom or U.K. means the United Kingdom of Great Britain and Northern Ireland.

			
	2.	 	(a) Unless otherwise defined in this Agreement, terms defined in the Credit Agreement shall
have the same meaning in this Agreement and a reference to a Clause is a reference to a Clause
of the Credit Agreement.

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	 	(b)	 	The principles of construction set out in the Credit Agreement shall have
effect as if set out in this Agreement.

			
	3.	 	We refer to Clause 2.2 (Additional Facilities) of the Credit Agreement.

			
	4.	 	This Agreement will take effect on the date (the Effective Date) which is the later of:

	 	(a)	 	the date on which the Facility Agent notifies UPC Broadband and the Additional
Facility L Lenders that it has received the documents and evidence set out in Schedule
2 to this Agreement, in each case in form and substance satisfactory to it or, as the
case may be, the requirement to provide any of such documents or evidence has been
waived by the Majority Facility L Lenders; and
	 
	 	(b)	 	the date on which the Cancellation Notice referred to in paragraph 4(c) of
Schedule 2 to this Agreement becomes effective.

			
	5.	 	We, the Additional Facility L Lenders, agree:

	 	(a)	 	to become party to and to be bound by the terms of the Credit Agreement as
Lenders in accordance with Clause 2.2 (Additional Facilities) of the Credit Agreement;
and
	 
	 	(b)	 	to become party to the Security Deed as Lenders and to observe, perform and be
bound by the terms and provisions of the Security Deed in the capacity of Lenders in
accordance with Clause 9.3 (Transfers by Lenders) of the Security Deed.

			
	6.	 	On the Effective Date, each Additional Facility L Lender declares and represents to the
Finance Parties and UPC Broadband that:

	 	(a)	 	it is a Professional Market Party; and
	 
	 	(b)	 	it acknowledges that, as a consequence, it has no benefit from the (creditor)
protection under the Dutch Banking Act for non-professional Market Parties.

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

			
	8.	 	This Additional Facility shall comprise a committed €830,000,000 term loan facility
(Additional Facility L) which shall be capable of being reborrowed in relation to any sums
that are prepaid in accordance with Clause 7.10(d) (Miscellaneous provisions) of the Credit
Agreement provided that:

	 	(a)	 	UPC Broadband shall not deliver a Request in relation to Additional Facility L
if as a result of the proposed Request more than 10 Advances under Additional Facility
L would be outstanding; and
	 
	 	(b)	 	no such re-borrowing shall be permitted in respect of a CHF Advance which is
the subject of a Commitment Redenomination.

			
	9.	 	(a) Advances under Additional Facility L may be denominated in euro or an Optional Currency
and, following a Commitment Redenomination, in Swiss Francs in respect of a CHF Advance (as
defined in paragraph 9 below).

	 	(b)	 	The Borrower may, in a Request for an Advance to be made under Additional
Facility L in Swiss Francs (a CHF Advance), elect that the portion of the Total
Additional Facility L

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	 	 	 	Commitment equal to the amount of that CHF Advance is redenominated in Swiss Francs
(a Commitment Redenomination). For this purpose, the amount of an Additional
Facility L Lender’s Additional Facility Commitment under Additional Facility L to be
redenominated in Swiss Francs (its Converted CHF Commitment) shall be an amount equal
to its participation in the relevant CHF Advance, as calculated in accordance with
Clause 5.4(b) (Participations in Advances) of the Credit Agreement and paragraph 14
below and the Commitment Redenomination shall be effective on the date the CHF
Advance is made.
	 
	 	 	 	Following the making of any such CHF Advance and Commitment Redenomination, an
Additional Facility L Lender’s remaining drawn and undrawn Additional Facility
Commitment (other than in respect of the CHF Advance) under Additional Facility L
(its Remaining Euro Commitment) shall be equal to its Additional Facility Commitment
under Additional Facility L immediately prior to such CHF Advance less the Original
Euro Amount of its participation in such CHF Advance as calculated in accordance with
Clause 5.4(b) (Participations in Advances) of the Credit Agreement and paragraph 14
below.

			
	10.	 	Any interest due in relation to Additional Facility L will be payable on the last day of each
Interest Period in accordance with Clause 8 (Interest) of the Credit Agreement.

			
	11.	 	The Final Maturity Date in respect of Additional Facility L is the date falling on the sixth
anniversary of this Agreement.

			
	12.	 	Advances under Additional Facility L shall be used:

	 	(a)	 	first in permanent prepayment and cancellation of all outstanding advances
under the Existing Facility Agreement; and
	 
	 	(b)	 	to the extent that all outstanding advances under the Existing Facility
Agreement have been permanently prepaid and cancelled in full, for general corporate
purposes.

			
	13.	 	The Availability Period in relation to Additional Facility L shall be the period from and
including the date of this Accession Agreement up to and including the date falling one month
before the Final Maturity Date.

			
	14.	 	The equivalent in euro of an Advance or part of an Advance in an Optional Currency (including
a CHF Advance which is the subject of a Commitment Redenomination for the purpose only of the
initial drawing of that Advance) for the purposes of calculating:

	 	(a)	 	whether any limit under the Credit Agreement or this Agreement has been
exceeded;
	 
	 	(b)	 	the amount of an Advance;
	 
	 	(c)	 	the share of an Additional Facility L Lender in an Advance;
	 
	 	(d)	 	the amount of any repayment or prepayment of an Advance; or
	 
	 	(e)	 	the undrawn amount of an Additional Facility L Lender’s Additional Facility
Commitment under Additional Facility L,
	 
	 	 	 	is its Original Euro Amount.

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	15.	 	(a) This paragraph 15 does not apply to a CHF Advance which is the subject of a Commitment
Redenomination.

	 	(b)	 	If an Advance under Additional Facility L in an Optional Currency remains
outstanding for a period which exceeds the first Interest Period for that Advance as
selected in the Request for that Advance, (the First Interest Period), the Facility
Agent must calculate the amount of that Advance in the Optional Currency for each
subsequent Interest Period for that Advance (each a Subsequent Interest Period) for as
long as that Advance remains outstanding.
	 
	 	(c)	 	The amount of the Advance in the Optional Currency for each Subsequent Interest
Period will be the amount determined by notionally converting into that Optional
Currency the Original Euro Amount of the Advance on the basis of the Agent’s Spot Rate
of Exchange one Business Day before the Rate Fixing Day for that Subsequent Interest
Period.
	 
	 	(d)	 	If the amount calculated is less than the existing amount of that Advance in
the Optional Currency during the then current Interest Period, UPC Broadband must
repay, subject to paragraph (f) below, on the last day of the then current Interest
Period an amount equal to the difference and the amount of the Advance will be reduced
accordingly.
	 
	 	(e)	 	If the amount calculated is more than the existing amount of that Advance in
the Optional Currency during the then current Interest Period, each Lender must
advance, subject to paragraph (f) below, on the last day of the then current Interest
Period its share of the difference and the amount of the Advance will be increased
accordingly. For this purpose, an Additional Facility L Lender’s share in the
difference will be the proportion which its Additional Facility Commitment under
Additional Facility L bears to the Total Additional Facility L Commitments.
	 
	 	(f)	 	If the calculation made by the Facility Agent under paragraph (b) shows that
the amount of the Advance in the Optional Currency has increased or decreased by less
than five per cent. since it was borrowed or (if later) the most recent adjustment
under paragraph (d) or (e) above, no payment is required under paragraph (d) or (e)
above and the amount of the Advance will remain the same.
	 
	 	(g)	 	For the avoidance of doubt, this paragraph 15 is subject to Clause 2.3 (Overall
facility limits) of the Credit Agreement.

			
	16.	 	The outstanding Advances under Additional Facility L will be repaid in full on the Final
Maturity Date.

			
	17.	 	The Margin for Advances under Additional Facility L will be:

	 	(a)	 	2.25% per annum; plus
	 
	 	(b)	 	in relation to any Advances denominated in Sterling only, the Sterling
Mandatory Cost (if any).

			
	18.	 	The Borrower shall pay to the Facility Agent for distribution to each Additional Facility L
Lender in accordance with Clause 20.1(b) (Commitment fee) of the Credit Agreement a commitment
fee in an amount equal to 0.75 per cent. of the undrawn uncancelled portion of the Total
Additional Facility L Commitment. Such commitment fee shall be calculated and shall accrue on
a daily basis and shall be payable on the Effective Date and thereafter quarterly in arrears.

			
	19.	 	The Borrower in relation to Additional Facility L is UPC Broadband.

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	20.	 	(a) Subject to paragraph (b) below and paragraph 21, an Additional Facility L Lender may at
any time after the day falling five Business Days after the Effective Date assign, transfer or
novate any of its rights and/or obligations under this Agreement and the other Finance
Documents to another person provided that any such assignment, transfer or novation must be
made pursuant to a novation certificate in the form of Schedule 4 (Novation Certificate).

	 	(b)	 	The prior consent of UPC Broadband is required for any such assignment,
transfer or novation (unless to an Additional Facility L Lender or an Affiliate of an
Additional Facility L Lender, but without prejudice to paragraph 21), provided that:

	 	(i)	 	UPC Broadband’s consent must not be unreasonably withheld or
delayed;
	 
	 	(ii)	 	the consent of UPC Broadband to an assignment, transfer or
novation must not be withheld solely because the assignment, novation or
transfer may result in an increase to the Mandatory Cost or the Sterling
Mandatory Cost;
	 
	 	(iii)	 	the prior consent of UPC Broadband is not required when an Event
of Default is outstanding;
	 
	 	(iv)	 	nothing in this paragraph (b) restricts the ability of any
Additional Facility L Lender to enter into any sub-participation or other
arrangement with any third party relating to the Finance Documents which does
not transfer to that third party any obligation and/or legal or equitable
interest in any of the rights arising under the Credit Agreement.

			
	21.	 	(a) An Additional Facility L Lender may assign, transfer or novate its rights and obligations
in respect of its Converted CHF Commitment (including any other Converted CHF Commitment
transferred to it) separately to the remainder of its Additional Facility Commitment under
Additional Facility L provided that such assignment, transfer or novation is in accordance
with paragraph 20 above and any partial assignment, transfer or novation of such Converted CHF
Commitments shall be in a minimum amount of CHF 1,000,000.

	 	(b)	 	On each occasion as Additional Facility L Lender assigns, transfers or novates
any of its rights and/or obligations in respect of its Converted CHF Commitment (other
than to an Affiliate or Related Fund of that Additional Facility L Lender), the New
Lender shall, on the date the assignment, transfer or novation takes effect, pay to the
Facility Agent for its own account a fee of CHF 2,500
	 
	 	(c)	 	For the avoidance of doubt, Clause 26.2(a) and 26.2(e) (Transfers by Lenders)
of the Credit Agreement shall apply to an Additional Facility Lender only in respect of
that portion of its Additional Facility Commitment under Additional Facility L which is
not Converted CHF Commitment.

			
	22.	 	(a) UPC Broadband confirms on behalf of itself and each other Obligor that the
representations and warranties set out in Clause 15 (Representations and Warranties) of the
Credit Agreement (with the exception of Clauses 15.10 (Financial condition), 15.12 (Security
Interests), 15.13(b) (Litigation and insolvency proceedings), 15.14 (Business Plan), 15.15
(Tax liabilities), 15.16 (Ownership of assets), 15.18 (Works Council), 15.19 (Borrower Group
Structure), 15.20 (ERISA), 15.24 (UPC Financing) and 15.25 (Dutch Banking Act)) are true and
correct as if made at the Effective Date with reference to the facts and circumstances then
existing, and as if each reference to the Finance Documents includes a reference to this
Agreement.

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	 	(b)	 	The Borrower shall, on the date of the first Request for an Advance under
Additional Facility L to be made in an Optional Currency, represent and warrant to each
Finance Party in that Request that each Optional Currency is an Additional Currency.

			
	23.	 	Each Additional Facility L Lender confirms to each Finance Party that:

	 	(a)	 	it has made its own independent investigation and assessment of the financial
condition and affairs of each Obligor and each Obligor’s related entities in connection
with its participation in the Credit Agreement and has not relied on any information
provided to it by a Finance Party in connection with any Finance Document; and
	 
	 	(b)	 	it will continue to make its own independent appraisal of the creditworthiness
of each Obligor and each Obligor’s related entities while any amount is or may be
outstanding under the Credit Agreement or any Additional Facility Commitment is in
force.

			
	24.	 	The Facility Office and address for notices of each Additional Facility L Lender for the
purposes of Clause 32.2 (Addresses for notices) of the Credit Agreement will be that notified
by each Additional Facility L Lender to the Facility Agent.

			
	25.	 	This Agreement is governed by English law.

			
	26.	 	This Agreement may be executed in any number of counterparts and this has the same effect as
if the signatures on the counterparts were on a single copy of this Agreement. All such
counterparts shall be read together as one agreement.

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SCHEDULE 1

ADDITIONAL FACILITY L LENDERS AND COMMITMENTS

	 	 	 	 	 
	 	 	Additional Facility L	 
	 	 	Commitment	 
	Additional Facility L Lender	 	(€)	 
	 
	 	 	 	 
	ABN AMRO Bank N.V.
	 	 	40,000,000	 
	 
	 	 	 	 
	Bank of America N.A.
	 	 	35,000,000	 
	 
	 	 	 	 
	Barclays Bank PLC
	 	 	35,000,000	 
	 
	 	 	 	 
	BNP Paribas, Belgian Branch
	 	 	35,000,000	 
	 
	 	 	 	 
	Calyon
	 	 	35,000,000	 
	 
	 	 	 	 
	Citibank, N.A.
	 	 	35,000,000	 
	 
	 	 	 	 
	Credit Suisse, London Branch
	 	 	35,000,000	 
	 
	 	 	 	 
	Deutsche Bank AG, London Branch
	 	 	35,000,000	 
	 
	 	 	 	 
	Fortis Bank (Nederland) N.V.
	 	 	35,000,000	 
	 
	 	 	 	 
	GE Corporate Banking Europe SAS
	 	 	8,000,000	 
	 
	 	 	 	 
	Goldman Sachs Credit Partners L.P.
	 	 	35,000,000	 
	 
	 	 	 	 
	The Governor and Company of the Bank of Scotland
	 	 	36,000,000	 
	 
	 	 	 	 
	HSBC Bank plc
	 	 	35,000,000	 
	 
	 	 	 	 
	ING Bank N.V.
	 	 	51,000,000	 
	 
	 	 	 	 
	JPMorgan Chase Bank, N.A.
	 	 	50,000,000	 
	 
	 	 	 	 
	Merrill Lynch Capital Markets Bank Limited,
	 	 	 	 
	London Branch
	 	 	35,000,000	 
	 
	 	 	 	 
	Morgan Stanley Bank
	 	 	35,000,000	 
	 
	 	 	 	 
	The Royal Bank of Scotland plc
	 	 	35,000,000	 
	 
	 	 	 	 
	Société Générale
	 	 	35,000,000	 
	 
	 	 	 	 
	Sumitomo Mitsui Banking Corporation
	 	 	55,000,000	 
	 
	 	 	 	 
	Toronto Dominion (Texas) LLC
	 	 	35,000,000	 
	 
	 	 	 	 
	UBS Limited
	 	 	35,000,000	 
	 
	 	 	 	 
	WestLB AG London Branch
	 	 	30,000,000	 
	 
	 	 	 	 
	 
	 	 	 
	Total
	 	€	830,000,000	 
	 
	 	 	 

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SCHEDULE 2

CONDITIONS PRECEDENT DOCUMENTS

			
	1.	 	Constitutional Documents

	 	(a)	 	A copy of the constitutional documents of each Obligor (other than UPC Financing) and the
partnership agreement of UPC Financing or, if the Facility Agent already has a copy, a
certificate of an authorised signatory of the relevant Obligor confirming that the copy in the
Facility Agent’s possession is still correct, complete and in full force and effect as at a
date no earlier than the date of this Agreement.
	 
	 	(b)	 	An extract of the registration of each Obligor established in the Netherlands in the trade
register of the Dutch Chamber of Commerce.

			
	2.	 	Authorisations

	 	(a)	 	A copy of a resolution of the board of managing and, to the extent applicable, board of
supervisory directors (or equivalent) and, to the extent that a shareholders’ resolution is
required, a copy of the shareholders’ resolution of each Obligor (and, to the extent they are
not also an Obligor, each Charging Entity):

	 	(i)	 	approving the terms of and the transactions contemplated by this Agreement and
(in the case of UPC Broadband) resolving that it execute the same (and, in the case of
the Guarantors and the Charging Entities (as defined in the Security Deed)) resolving
that it execute the confirmation described at paragraph 4(b) below; and
	 
	 	(ii)	 	(in the case of UPC Broadband) authorising the issuance of a power of attorney
to a specified person or persons to execute this Agreement on its behalf and (in the
case of the Guarantors and the Charging Entities (as defined in the Security Deed))
authorising the issuance of a power of attorney to a specified person or persons to
execute the confirmation described in paragraph 4(b) below.

	 	(b)	 	A specimen of the signature of each person authorised pursuant to its constitutional
documents or to the power of attorney referred to in paragraph (a) above to sign this
Agreement or the confirmation described in paragraph 4(b) below (as appropriate).
	 
	 	(c)	 	A certificate of an authorised signatory of UPC Broadband, each Guarantor and each Charging
Entity certifying that each copy document specified in this Schedule and supplied by UPC
Broadband, each Guarantor and each Charging Entity (respectively) is correct, complete and in
full force and effect as at a date no earlier than the date of this Agreement.
	 
	 	(d)	 	A copy of any other authorisation or other document, opinion or assurance which the Facility
Agent has notified UPC Broadband is necessary in connection with the entry into and
performance of, and the transactions contemplated by, this Agreement or for the validity and
enforceability of this Agreement.

			
	3.	 	Legal opinions

	 	(a)	 	A legal opinion of Allen & Overy LLP, English legal advisers to the Facility Agent, addressed
to the Finance Parties.

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	 	(b)	 	A legal opinion of Allen & Overy LLP, Dutch legal advisers to the Facility Agent, addressed
to the Finance Parties.

			
	4.	 	Other documents

	 	(a)	 	A copy of the Business Plan delivered under the Credit Agreement, extended and updated to
include the period up to and including the Additional Facility L Final Maturity Date.
	 
	 	(b)	 	Confirmation (in writing) from (i) each of the Guarantors that its obligations under Clause
14 (Guarantee) of the Credit Agreement and (ii) each of the Charging Entities (as defined in
the Security Deed) that the Security Interests granted to the Beneficiaries pursuant to the
Security Documents and its obligations under the Finance Documents, shall continue unaffected
and that such obligations extend to the Total Commitments as increased by the addition of
Facility L and that such obligations shall be owed to each Finance Party including the
Additional Facility L Lenders.
	 
	 	(c)	 	Evidence that UPC Broadband has delivered a duly completed Cancellation Notice to the
Facility Agent giving notice of prepayment of the whole of the outstanding advances under, and
cancellation of, the Existing Facility Agreement.
	 
	 	(d)	 	Evidence that the fees payable under the Fee Letter between the Borrower and the Facility
Agent dated on or about the date of this Agreement have been paid.

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SCHEDULE 3

STERLING MANDATORY COST FORMULA

	 	1.	 	The Sterling Mandatory Cost is an addition to the interest rate to compensate Additional
Facility L Lenders for the cost of compliance with the requirements of the Bank of England
and/or the Financial Services Authority.
	 
	 	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the Facility
Agent shall calculate, as a percentage rate, the arithmetic mean (rounded up, if necessary, to
four decimal places) of the respective rates notified by each Reference Bank to the Facility
Agent at its request as the rate resulting from the application of the formula set out in
paragraph 3 below (the Additional Cost Rate).
	 
	 	3.	 	The Additional Cost Rate for any Additional Facility L Lender lending from a Facility Office
in the United Kingdom will be calculated by the Facility Agent as follows:

	 	 	 	in relation to an Advance in sterling:
	 
	 	 	 	AB+C(B-D)+ E x 0.01   per cent. per annum

100 — (A+C)

	 	 	 	where:

	 	A	 	is the percentage of that Additional Facility L Lender’s Eligible Liabilities (in
excess of any stated minimum) which the Bank of England requires it to hold with it
on a non-interest-bearing deposit account in accordance with its cash ratio
requirements;
	 
	 	B	 	is the percentage rate of LIBOR for the relevant Interest Period;
	 
	 	C	 	is the percentage (if any) of that Additional Facility L Lender’s Eligible
Liabilities which the Bank of England requires it to place as an interest-bearing
Special Deposit;
	 
	 	D	 	is the percentage rate per annum payable by the Bank of England on interest bearing
Special Deposits; and
	 
	 	E	 	is designed to compensate the Reference Banks for amounts payable under the Fees
Rules (but, for this purpose, ignoring any minimum fee required pursuant to the Fees
Rules) and is calculated by the Facility Agent as being the average for the most
recent rates of charge supplied by the Reference Banks to the Facility Agent pursuant
to paragraph 6 below and expressed in pounds per £1,000,000.

			
	4.	 	For the purposes of this Schedule:

	 	(a)	 	Eligible Liabilities and Special Deposit(s) have the meanings given to them at
the time of application of the formula pursuant to the Bank of England Act 1998 or (as
appropriate) by the Bank of England.
	 
	 	(b)	 	Fees Rules means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect
of the payment of fees for the acceptance of deposits;

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	 	(c)	 	Fee Tariffs means the fee tariffs specified in the Fees Rules under the
activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate); and
	 
	 	(d)	 	Tariff Base has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.

			
	5.	 	(a) In the application of the formula, A, B, C and D are included as figures and not as
percentages, e.g. if A = 0.5% and B = 15%, AB is calculated as 0.5 x 15. A negative result
obtained by subtracting D from B is taken as zero.

	 	(a)	 	Each rate calculated in accordance with a formula is, if necessary, rounded
upward to four decimal places.

			
	6.	 	If requested by the Facility Agent, each Reference Bank shall, as soon as practicable after
publication by the Financial Services Authority, supply to the Facility Agent, the rate of
charge payable by that Reference Bank to the Financial Services Authority pursuant to the Fees
Rules in respect of the relevant financial year of the Financial Services Authority
(calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs
applicable to that Reference Bank for that financial year) and expressed in pounds per
£1,000,000 of the Tariff Base of that Reference Bank.

			
	7.	 	Each Additional Facility L Lender shall supply any information required by the Facility Agent
for the purpose of calculating its Additional Cost Rate. In particular, but without
limitation, each Additional Facility L Lender shall supply the following information on or
prior to the date on which its becomes an Additional Facility L Lender:

	 	(a)	 	the jurisdiction of its Facility Office; and
	 
	 	(b)	 	any other information that the Facility Agent may reasonably require for such
purpose.
	 
	 	 	 	Each Additional Facility L Lender shall promptly notify the Facility Agent of any
change to the information provided by it pursuant to this paragraph.

			
	8.	 	The rates of charge of each Reference Bank for the purpose of E above shall be determined by
the Facility Agent based upon the information supplied to it pursuant to paragraphs 6 and 7
above.

			
	9.	 	The Facility Agent shall have no liability to any person if such determination results in an
Additional Cost Rate which over or under compensates any Additional Facility L Lender and
shall be entitled to assume that the information provided by any Additional Facility L Lender
or Reference Bank pursuant to paragraphs 6 and 7 above is true and correct in all respects.

			
	10.	 	The Facility Agent shall distribute the additional amounts received as a result of the
Sterling Mandatory Costs to the Additional Facility L Lenders on the basis of the Additional
Cost Rate for each Additional Facility L Lender based on the information provided by each
Additional Facility L Lender and each Reference Bank pursuant to paragraphs 6 and 7 above.

			
	11.	 	Any determination by the Facility Agent pursuant to this Schedule in relation to a formula,
the Sterling Mandatory Cost, an Additional Cost Rate or any amount payable to an Additional
Facility L Lender shall, in the absence of manifest error, be conclusive and binding on all
Parties.

			
	12.	 	The Facility Agent may from time to time, after consultation with UPC Broadband and the
Additional Facility L Lenders, determine and notify to all Parties any amendments which are
required to be made to this Schedule in order to comply with any change in law, regulation or
any

11

 

	 	 	 	requirements from time to time imposed by the Bank of England or the Financial Services
Authority (or, in any case, any other authority which replaces all or any of its functions)
and any such determination shall, in the absence of manifest error, be conclusive and
binding on all Parties.

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SCHEDULE 4

NOVATION CERTIFICATE

[         ] as Facility Agent and [BORROWER]

From: [THE EXISTING LENDER] and [THE NEW LENDER]

Date: [          ]

UPC Broadband Holding B.V. — Senior Secured Credit Facility originally dated 16 January 2004
(as amended, the Credit Agreement)

We refer to Clause 26.3 (Procedure for novations) of the Credit Agreement, clause 9.3
(Transfers by the Lenders) of the Security Deed and the Additional Facility Accession Agreement
dated [        ] 2006 (the Additional Facility L Accession Agreement). Terms defined in the Credit
Agreement have the same meaning in this Novation Certificate.

			
	13.	 	We [        ] (the Existing Lender) and [        ] (the New Lender) agree to the Existing Lender
and the New Lender novating all the Existing Lender’s rights and obligations referred to in
the Schedule in accordance with Clause 26.3 (Procedure for novations) of the Credit Agreement
and clause 9.3 (Transfers by the Lenders) of the Security Deed.

			
	14.	 	On the [date of execution of the Novation Certificate] and on the [effective transfer date]
the New Lender declares and represents to the Existing Lender, the other Finance Parties and
each Dutch Borrower that [it is exempted from the requirement to be a Professional Market
Party because it forms part of a closed circle (besloten kring) with [name of Dutch
Borrower].][:

	 	(a)	 	it is a Professional Market Party;
	 
	 	(b)	 	it acknowledges that, as a consequence, it has no benefit from the (creditor)
protection under the Dutch Banking Act for non-professional Market Parties; and
	 
	 	(c)	 	it has made its own credit appraisal of UPC Broadband.]

			
	15.	 	The New Lender agrees that it is bound by paragraphs 20 and 21 of the Additional Facility L
Accession Agreement as if it were an original party to the Additional Facility L Accession
Agreement.

			
	16.	 	The Facility Office and address for notices of the New Lender for the purposes of Clause 32.2
(Addresses for notices) are set out in the Schedule.

			
	17.	 	This Novation Certificate may be executed in any number of counterparts and this has the same
effect as if the signatures on the counterparts were on a single copy of this Novation
Certificate.

This Novation Certificate is governed by English law.

13

 

THE SCHEDULE

Rights and obligations to be novated

[Details of the rights and obligations of the Existing Lender to be novated.]

	 	 	 	 	 
	[New Lender]
	 	 	 	 
	 
	 	 	 	 
	[Facility Office

	 	Address for notices for	 	 
	 

	 	administrative purposes	 	 
	 
	 	 	 	 
	 

	 	Address for notices for	 	 
	 

	 	credit purposes]	 	 
	 
	 	 	 	 
	[Existing Lender]

	 	[New Lender]
	 	[         ]
	By:

	 	By:
	 	By:
	Date:

	 	Date:
	 	Date:

14

 

SIGNATORIES

ABN AMRO BANK N.V.

	 	 	 
	By:

	 	Authorized Signatory

BANK OF AMERICA N.A.

	 	 	 
	By:

	 	Authorized Signatory

BARCLAYS BANK PLC

	 	 	 
	By:

	 	Authorized Signatory

BNP PARIBAS, BELGIAN BRANCH

	 	 	 
	By:

	 	Authorized Signatory

CALYON

	 	 	 
	By:

	 	Authorized Signatory

CITIBANK, N.A.

	 	 	 
	By:

	 	Authorized Signatory

CREDIT SUISSE, LONDON BRANCH

	 	 	 
	By:

	 	Authorized Signatory

DEUTSCHE BANK AG, LONDON BRANCH

	 	 	 
	By:

	 	Authorized Signatory

15

 

FORTIS BANK (NEDERLAND) N.V.

	 	 	 
	By:

	 	Authorized Signatory

GE CORPORATE BANKING EUROPE SAS

	 	 	 
	By:

	 	Authorized Signatory

GOLDMAN SACHS CREDIT PARTNERS L.P.

	 	 	 
	By:

	 	Authorized Signatory

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

	 	 	 
	By:

	 	Authorized Signatory

HSBC BANK PLC

	 	 	 
	By:

	 	Authorized Signatory

ING BANK N.V.

	 	 	 
	By:

	 	Authorized Signatory

JPMORGAN CHASE BANK, N.A.

	 	 	 
	By:

	 	Authorized Signatory

MERRILL LYNCH CAPITAL MARKETS BANK LIMITED, LONDON BRANCH

	 	 	 
	By:

	 	Authorized Signatory

MORGAN STANLEY BANK

	 	 	 
	By:

	 	Authorized Signatory

16

 

THE ROYAL BANK OF SCOTLAND PLC

	 	 	 
	By:

	 	Authorized Signatory

SOCIÉTÉ GÉNÉRALE

	 	 	 
	By:

	 	Authorized Signatory

SUMITOMO MITSUI BANKING CORPORATION

	 	 	 
	By:

	 	Authorized Signatory

TORONTO DOMINION (TEXAS) LLC

	 	 	 
	By:

	 	Authorized Signatory

UBS LIMITED

	 	 	 
	By:

	 	Authorized Signatory

WESTLB AG LONDON BRANCH

	 	 	 
	By:

	 	Authorized Signatory

TORONTO DOMINION (TEXAS) LLC as Facility Agent

	 	 	 
	By:

	 	Authorized Signatory

TD BANK EUROPE LIMITED as Security Agent

	 	 	 
	By:

	 	Authorized Signatory

UPC BROADBAND HOLDING B.V.

	 	 	 
	By:

	 	Authorized Signatory
	 
	 	 
	By:

	 	Authorized Signatory

17exv10wx1y

 

Exhibit 10(i)

     AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of April 14,
2006 (the “Amendment”) among CMC RECEIVABLES, INC. (the “Seller”), COMMERCIAL METALS COMPANY (the
“Servicer”), THREE RIVERS FUNDING CORPORATION (“TRFCO”) and LIBERTY STREET FUNDING CORP.
(collectively, the “Buyers”), THE BANK OF NOVA SCOTIA and MELLON BANK, N.A. (collectively, the
“Managing Agents”) and MELLON BANK, N.A., as Administrative Agent (the “Administrative Agent”).

WITNESSETH:

     WHEREAS, the Seller, the Servicer, the Buyers, the Managing Agents and the Administrative
Agent are parties to an Amended and Restated Receivables Purchase Agreement dated as of April 22,
2004 (as from time to time amended, the “RPA”);

     WHEREAS, the parties desire to amend the RPA;

     NOW, THEREFORE, the parties agree as follows:

SECTION 1. DEFINITIONS

     Defined terms used herein and not defined herein shall have the meanings assigned to such
terms in the RPA.

SECTION 2. AMENDMENT OF RPA

     (a) The parties hereto agree that, effective as of April 14, 2006 (the “Effective Date”),
the definition of “Commitment Termination Date” set forth in Section 1.01 of the RPA shall be
amended by replacing the date “April 14, 2006” set forth therein with the date “April 12, 2007”.

     (b) The parties hereto agree that, effective as of the Effective Date, each reference in the
RPA or any other Purchase Document to:

(i) “Commercial Metals Company, Dallas Trading Division” shall be deemed to
be replaced with a reference to “Commercial Metals Company, CMC Dallas
Trading”;

(ii) “Commercial Metals Company, CMC Recycling Division” shall be deemed to
be replaced with a reference to “Commercial Metals Company, CMC Recycling”;

(iii) “Commercial Metals Company, Cometals” shall be deemed to be replaced
with a reference to “Commercial Metals Company, CMC Cometals”;

(iv) “Commercial Metals Company, Commonwealth Metal” shall be deemed to be
replaced with a reference to “Commercial Metals Company, CMC Commonwealth
Metals”;

(v) “Structural Metals, Inc.” shall be deemed to be replaced with a reference
to “Structural Metals, Inc., d/b/a CMC Steel Texas”;

(vi) “SMI Steel, Inc.” shall be deemed to be replaced with a reference to
“SMI Steel, Inc., d/b/a CMC Steel Alabama”;

(vii) “Owen Electric Steel Company of South Carolina, d/b/a SMI Steel South
Carolina” shall be deemed to be replaced with a reference to “Owen Electric
Steel Company of South Carolina, d/b/a CMC Steel South Carolina”;

30

 

(i) “CMC Steel Fabricators, Inc., d/b/a SMI Joist Company” shall be deemed to
be replaced with a reference to “CMC Steel Fabricators, Inc., d/b/a CMC
Joist”; and

(j) “Howell Metal Company” shall be deemed to be replaced with a reference to
“Howell Metal Company, d/b/a CMC Howell Metal”.

SECTION 3. CONDITIONS PRECEDENT

     The occurrence of the Effective Date shall be subject to the conditions precedent that
(i) each of the Buyers shall have received this Amendment executed by each party hereto in form and
substance satisfactory to it, (ii) TRFCO shall have received confirmation from each rating agency
rating its commercial paper notes that such rating agency will not reduce, withdraw or suspend its
then current rating as a result of this Amendment or the transactions contemplated hereby, and
(iii) the Administrative Agent shall have received copies of proper financing statements on Form
UCC-3 as the Administrative Agent deems appropriate under the Uniform Commercial Code or any
comparable law of all appropriate jurisdictions to evidence or perfect each Buyer’s Participation
Interest.

SECTION 4. GOVERNING LAW

     THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK, WITHOUT REGARD TO ITS CONFLICTS OF LAWS RULES (OTHER THAN SECTION 5-1401 OF NEW YORK’S
GENERAL OBLIGATIONS LAW).

SECTION 5. EXECUTION IN COUNTERPARTS

     This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which, when so executed, shall be deemed to be an original
and all of which, when taken together, shall constitute one and the same Amendment. Delivery of an
executed counterpart of a signature page to this Amendment by facsimile shall be effective as
delivery of a manually executed counterpart of this Amendment.

SECTION 6. CONFIRMATION OF AGREEMENT

Each of the parties to the RPA agree that, except as amended hereby, the RPA continues in full
force and effect. The Seller and the Servicer hereby represent and warrant that, after giving
effect to the effectiveness of this Amendment, their respective representations and warranties
contained in the RPA are true and correct in all material respects upon and as of such
effectiveness with the same force and effect as though made on and as of such date (except to the
extent that such representations and warranties relate solely to an earlier date).

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

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	CMC RECEIVABLES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	COMMERCIAL METALS COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	THREE RIVERS FUNDING CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

31

 

	 	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	MELLON BANK, N.A.,	 	 
	 	 	as Managing Agent and Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	LIBERTY STREET FUNDING CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 

	 	 	 	 	 
	 

	 	 	 	 
	Acknowledged and Agreed to by:	 	 
	 
	 	 	 	 
	STRUCTURAL METALS, INC., d/b/a	 	 
	CMC STEEL TEXAS	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 
	 
	 	 	 	 
	SMI STEEL, INC., d/b/a	 	 
	CMC STEEL ALABAMA	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 
	 
	 	 	 	 
	OWEN ELECTRIC STEEL COMPANY OF SOUTH CAROLINA,	 	 
	d/b/a CMC STEEL SOUTH CAROLINA	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 
	 
	 	 	 	 
	CMC STEEL FABRICATORS, INC.,	 	 
	d/b/a CMC JOIST	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 

32

 

	 	 	 	 	 
	HOWELL METAL COMPANY,	 	 
	d/b/a CMC HOWELL METAL	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 

33

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