Print Page  Close Window

SEC Filings

S-4
RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
Entire Document
 
<PAGE>
 
         "Required Lenders" means, at any time, Lenders having in the aggregate
at least 51% of the sum of (i) Revolving Credit Exposures and unused Revolving
Commitments at such time and (ii) the aggregate principal amount of the Term
Loans outstanding at such time (or, if no Term Loans are outstanding at such
time, the aggregate Term Commitments at such time).

         "Restricted Payment" means any dividend or other distribution (whether
in cash, securities or other property) with respect to any class of equity
securities of the Borrower or any Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such equity securities of the Borrower or any option, warrant
or other right to acquire any such equity securities of the Borrower.

         "Revolving Commitment" means, with respect to each Lender, the
commitment of such Lender to make Revolving Loans and to acquire participations
in Letters of Credit hereunder, expressed as an amount representing the maximum
aggregate amount of such Lender's Revolving Credit Exposure hereunder, as such
commitment may be (x) reduced from time to time pursuant to Sections 2.07(c),
2.09(a)(ii) and 2.09(b) and (y) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 9.04. The initial amount
of each Lender's Revolving Commitment is set forth on Schedule 2.01 under the
heading "Revolving Commitment", or in the Assignment and Acceptance pursuant to
which such Lender shall have assumed its Revolving Commitment, as applicable.
The initial aggregate amount of the Lenders' Revolving Commitments is
$40,000,000.

         "Revolving Credit Availability Period" means the period from and
including the Effective Date to but excluding the earlier of (i) the Maturity
Date for Revolving Loans and (ii) the date of termination of the Revolving
Commitments.

         "Revolving Credit Exposure" means, with respect to any Lender at any
time, the sum of the outstanding principal amount of such Lender's Revolving
Loans and its LC Exposure at such time.

         "Revolving Loan" means a loan made pursuant to Section 2.01(c).

         "RMG" means Renaissance Media Group LLC, a Delaware limited liability
company.

         "RMH" means Renaissance Media Holdings LLC, a Delaware limited
liability company.

                                       30