Print Page  Close Window

SEC Filings

S-4/A
RENAISSANCE MEDIA GROUP LLC filed this Form S-4/A on 08/06/1998
Entire Document
 
<PAGE>
 
                                      -4-

III. TERMS AND CONDITIONS OF THE SOCIAL CONTRACT.
     ------------------------------------------- 

     A.   BASIC SERVICE TIER RATE RELIEF.
          ------------------------------ 

          1.   CREATION OF A LOW-COST, LIFELINE BASIC SERVICE TIER.
               --------------------------------------------------- 

               a.  In order to provide its subscribers with the option to
purchase a low-cost BST, no later than six months after the Effective Date, TWC
will reduce its BST rates on systems serving at least 85% of TWC's total
subscribers to a level 10% below the Current Rates. In any system where the BST
rates are initially reduced by 10% as described above, but where BST rates are
pending review on the Publication Date, TWC will reduce its BST rates further by
10% from the level ultimately determined to be reasonable, after such
determination is no longer subject to review or appeal. TWC may increase its
CPST rate(s) in any system by an amount necessary to recoup the reduction in
revenues due to the 10% adjustment in the BST rate in that system. Such
adjustment to CPST rates shall be submitted to the FCC for review. A local
franchising authority ("LFA") may elect not to have TWC implement the BST rate
reduction and corresponding CPST adjustment described in this paragraph in its
franchise area by providing notice to TWC and the Commission no later than 45
days following the Effective Date. Such notice shall (a) be in writing, (b) be
addressed to the Office of the Secretary, Federal Communications Commission,
1919 M Street, N.W., Washington, D.C. 20554, with a copy to Time Warner Cable,
300 First Stamford Place, Stamford, CT 06902-6732, attention: General Counsel,
(c) identify the local franchising authority, the community unit identification
number for the franchise area, and (d) reflect the clear intent to not have TWC
implement the BST rate reduction described in Section III.A.1.a of this
Contract. However, such notice need not meet any other requirements and may be
in letter form. An election by a LFA to opt out of the provisions