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SEC Filings

S-4
RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
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connection with the day-to-day operations of such business, (B) under Currency
Agreements and Interest Rate Agreements; provided that such agreements (a) are
designed solely to protect the Company or its Restricted Subsidiaries against
fluctuations in foreign currency exchange rates or interest rates and (b) do not
increase the Indebtedness of the obligor outstanding at any time other than as a
result of fluctuations in foreign currency exchange rates or interest rates or
by reason of fees, indemnities and compensation payable thereunder; and (C)
arising from agreements providing for indemnification, adjustment of purchase
price or similar obligations, or from Guarantees or letters of credit, surety
bonds or performance bonds securing any obligations of the Company or any of its
Restricted Subsidiaries pursuant to such agreements, in any case Incurred in
connection with the disposition of any business, assets or Restricted Subsidiary
(other than Guarantees of Indebtedness Incurred by any Person acquiring all or
any portion of such business, assets or Restricted Subsidiary for the purpose of
financing such acquisition), in a principal amount not to exceed the gross
proceeds actually received by the Company or any Restricted Subsidiary in
connection with such disposition; (v) Indebtedness of the Company or the
Obligors, to the extent the net proceeds thereof are promptly (A) used to
purchase Notes tendered in an Offer to Purchase made as a result of a Change in
Control or (B) deposited to defease the Notes as described under Article Eight;
(vi) Guarantees of the Notes and Guarantees of Indebtedness of the Company or
the Obligors by any Restricted Subsidiary provided the Guarantee of such
Indebtedness is permitted by and made in accordance with Section 4.07; (vii)
Indebtedness Incurred to finance the cost to acquire equipment, inventory or
other assets used or useful in the business of the Company and its Restricted
Subsidiaries (including acquisitions by way of a Capitalized Lease and the
acquisition of the Capital Stock of a Person that becomes a Restricted
Subsidiary), in an aggregate principal amount outstanding at any time not to
exceed 5% of the Company's total assets as set forth on the most recently
available quarterly or annual consolidated balance sheet of the Company and its
Restricted Subsidiaries filed with the Commission; (viii) Indebtedness of the
Company or any Obligor not to exceed, at any one time outstanding, two times the
sum of (A) the Net Cash Proceeds received by the Company or an Obligor after the
Closing Date as a capital contribution (other than a capital contribution by the
Company or any Subsidiary of the Company) or from the sale of its Capital Stock
(other than Disqualified Stock) to a Person other than the Company or any
Subsidiary of the Company, to the extent such capital contribution or sale of
Capital Stock has not been used pursuant to clause (C)(2) of the first paragraph
or clause (iii), or (iv) of the second paragraph of Section 4.04 to make a
Restricted Payment and (B) 80% of the fair market value of property (other than
cash and cash equivalents) received by the Company or an Obligor after the
Closing Date as a capital contribution (other than a capital contribution by the
Company or any Subsidiary of the Company) or from the sale of its Capital Stock
(other than Disqualified Stock) to a Person other than the Company or any
Subsidiary of the Company, to the extent such capital contribution or sale of
Capital Stock has not been used pursuant to clause (iii), (iv) or (vi) of the
second paragraph of Section 4.04 to make a Restricted Payment; provided that
such Indebtedness does not mature prior to the Stated Maturity of the Notes and
has an Average Life longer than the Notes; and (ix) Acquired Indebtedness;
provided that after giving effect to the Incurrence thereof, the Company could
Incur at least $1.00 of Indebtedness under the first paragraph of Section 4.03.