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SEC Filings

S-4
RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
Entire Document
 
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create, incur or permit to exist any Lien upon any of its property or assets or
perform any of its obligations under Section 5.09, or (b) the ability of any
Subsidiary to pay dividends or other distributions with respect to its equity
securities or to make or repay loans or advances to the Borrower or any other
Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary;
provided that (i) the foregoing shall not apply to restrictions and conditions
imposed by law or by this Agreement, (ii) the foregoing shall not apply to
restrictions and conditions existing on the date hereof identified on Schedule
6.08 (but shall apply to any extension or renewal of, or any amendment or
modification expanding the scope of, any such restriction or condition), (iii)
the foregoing shall not apply to customary restrictions and conditions contained
in stock or asset sale agreements pending such sale, provided such restrictions
and conditions apply only to the stock or assets to be sold and such sale is
permitted hereunder, (iv) clause (a) of the foregoing shall not apply to
restrictions or conditions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement if such restrictions or conditions
apply only to the property or assets securing such Indebtedness and (v) clause
(a) of the foregoing shall not apply to customary provisions in leases,
Franchises, FCC Licenses or other similar agreements restricting the assignment
thereof.

         SECTION 6.09.  Modification of Certain Documents.  Without the consent
of the Required Lenders, the Borrower will not, and will not permit any of its
Subsidiaries to:

         (i) consent to or solicit or enter into any amendment or supplement
to, or any waiver or other modification of, the Purchase Agreement or other
Acquisition Documents, or agreements between or among the Borrower, any of its
Subsidiaries and Parent Companies, or the certificate of formation, limited
liability company agreement or other charter documents of the Borrower or any of
its Subsidiaries, which amendment, supplement, waiver or modification, as the
case may be, would impair materially the benefit to, or materially increase the
obligation of, the Borrower or any of its Subsidiaries under such agreement or
arrangements or (ii) consent to or solicit or enter into any amendment or
supplement to, or any waiver or other modification of, any agreement or
instrument governing the terms of any Indebtedness which by its terms is
expressly subordinated in right of payment to the Loans and the reimbursement
obligations with respect to LC Disbursements; provided that in the case of any
agreement or instrument subject to this clause (ii) other than intercreditor
agreements and security agreements, such consent of the Required Lenders shall
be required only to the extent such amendment, supplement, waiver or
modification, as the case may be, would impair materially the benefit to the
Borrower, any of its Subsidiaries or the Lenders of such agreement or
arrangements.

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