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SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
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          (3) any Investment by the Company or any Restricted Subsidiary of the
     Company in a Person, if as a result of such Investment:
 
             (a) such Person becomes a Restricted Subsidiary of the Company; or
 
             (b) such Person is merged, consolidated or amalgamated with or
        into, or transfers or conveys substantially all of its assets to, or is
        liquidated into, the Company or a Restricted Subsidiary of the Company;
 
          (4) any Investment made as a result of the receipt of non-cash
     consideration from an Asset Sale that was made pursuant to and in
     compliance with the covenant described above under the caption
     "-- Repurchase at the Option of Holders -- Asset Sales";
 
          (5) Investment made out of the net cash proceeds of the issue and sale
     (other than to a Subsidiary of the Company) of Equity Interests (other than
     Disqualified Stock) of the Company to the extent that such net cash
     proceeds have not been applied to make a Restricted Payment or to effect
     other transactions pursuant to the covenant described above under the
     subheading "-- Restricted Payments" or to the extent such net cash proceeds
     have not been used to incur Indebtedness pursuant to clause (10) of the
     covenant described above under the subheading "-- Incurrence of
     Indebtedness and Issuance of Preferred Stock";
 
          (6) Investments in Productive Assets having an aggregate fair market
     value (measured on the date each such Investment was made and without
     giving effect to subsequent changes is value), when taken together with all
     other Investments made pursuant to this clause (7) since the Issue Date,
     not to exceed $150 million; provided that either the Company or any of its
     Restricted Subsidiaries, after giving effect to such Investments, will own
     at least 20% of the Voting Stock of such Person;
 
          (7) other Investments in any Person having an aggregate fair market
     value (measured on the date each such Investment was made and without
     giving effect to subsequent changes in value), when taken together with all
     other Investments made pursuant to this clause (8) since the date of the
     Indentures, not to exceed $50 million;
 
          (8) Investments in customers and suppliers in the ordinary course of
     business which either (A) generate accounts receivable or (B) are accepted
     in settlement of bona fide disputes; and
 
          (9) the Company's investment in Marcus Cable Holdings, LLC, as
     outstanding on the Issue Date.
 
     "PERMITTED LIENS" means:
 
          (1) Liens on the assets of the Company securing Indebtedness and other
     Obligations under clause (1) of the covenant "-- Incurrence of Indebtedness
     and Issuance of Preferred Stock";
 
          (2) Liens in favor of the Company and Liens on the assets of any
     Restricted Subsidiary of the Company in favor of any other Restricted
     Subsidiary of the Company;
 
          (3) Liens on property of a Person existing at the time such Person is
     merged with or into or consolidated with the Company; provided that such
     Liens were in existence prior to the contemplation of such merger or
     consolidation and do not
 
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