SECOND AMENDMENT, dated as of December 14, 1999 (this "Second Amendment"),
to the CREDIT AGREEMENT, dated as of March 18, 1999, as amended by the First
Amendment dated as of June 28, 1999 (the "Credit Agreement"), among CHARTER
COMMUNICATIONS OPERATING, LLC (the "Borrower"), CHARTER COMMUNICATIONS HOLDINGS
LLC, the Lenders parties to the Credit Agreement, the Documentation Agents and
Syndication Agents named therein and THE CHASE MANHATTAN BANK and BANK OF
AMERICA, N.A., as Administrative Agents (in such capacity, the "Administrative
Agents"). Terms defined in the Credit Agreement shall be used in this Second
Amendment with their defined meanings unless otherwise defined herein.
W I T N E S S E T H :
WHEREAS, the Borrower wishes to amend the Credit Agreement in the manner
set forth herein; and
WHEREAS, each of the parties hereto is willing to enter into this Second
Amendment on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the parties hereto hereby agree as follows:
SECTION 1. AMENDMENTS TO CREDIT AGREEMENT.
1. Section 1.1 -- Amended Definition. The
defined term "Specified Senior
Notes" is amended and restated in its entirety as follows:
"Specified Senior Notes": the collective reference to (a) any Senior Notes
having a maturity approximately eight years after the Stage One Closing Date
and (b) any other Indebtedness incurred pursuant to Section 7.2(j) having a
maturity on or prior to March 17, 2009, provided, that no more than
$900,000,000 of Specified Senior Notes shall be outstanding.
2. Section 7.2(i). Clause (ii) of Section 7.2(j) of the Credit Agreement
is hereby amended and restated in its entirety as follows:
"(ii) except in the case of the Senior Notes, 100% of any Net Cash Proceeds
thereof (other than any such Net Cash Proceeds that are applied to refinance
other Indebtedness of Holdings to the extent permitted by Section 7.8) shall
be used by Charter Holdings (or shall have been used) to make Investments in
one more of Charter Holdings' Affiliates primarily involved (either directly
or through Subsidiaries) in businesses of the type described in Section
SECTION II. MISCELLANEOUS.
1. No Change. Except as expressly provided herein, no term or provision of
the Credit Agreement shall be amended, modified or supplemented, and each term
and provision of the Credit Agreement shall remain in full force and effect.
2. Effectiveness. This Second Amendment shall become effective as of the
date hereof upon receipt by the Administrative Agents of (a) counterparts
hereof duly executed by Holdings and the Borrower and (b) consent letters
authorizing the Administrative Agents to enter into this Second Amendment from
the Required Lenders.