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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
Entire Document
 
<PAGE>   132
 
     "ACCRETED VALUE" is defined to mean, for any Specific Date, the amount
calculated pursuant to (i), (ii), (iii) or (iv) for each $1,000 of principal
amount at maturity of the Senior Discount Notes:
 
          (i) if the Specified Date occurs on one or more of the following dates
     (each a "Semi-Annual Accrual Date"), the Accreted Value will equal the
     amount set forth below for such Semi-Annual Accrual Date:
 

<TABLE>
<CAPTION>
SEMI-ANNUAL
ACCRUAL DATE                                       ACCRETED VALUE
- ------------                                       --------------
<S>                                                <C>
Issue Date.......................................    $  613.94
October 1, 1999..................................       646.88
April 1, 2000....................................       678.96
October 1, 2000..................................       712.64
April 1, 2001....................................       747.99
October 1, 2001..................................       785.09
April 1, 2002....................................       824.03
October 1, 2002..................................       864.90
April 1, 2003....................................       907.80
October 1, 2003..................................       952.82
April 1, 2004....................................    $1,000.00
</TABLE>

 
          (ii) if the Specified Date occurs before the first Semi-Annual Accrual
     Date, the Accreted Value will equal the sum of (a) $613.94 and (b) an
     amount equal to the product of (1) the Accreted Value for the first
     Semi-Annual Accrual Date less $613.94 multiplied by (2) a fraction, the
     numerator of which is the number of days from the Issue Date of the Notes
     to the Specified Date, using a 360-day year of twelve 30-day months, and
     the denominator of which is the number of days elapsed from the issue date
     of the Notes to the first Semi-Annual Accrual Date, using a 360-day year of
     twelve 30-day months;
 
          (iii) if the Specified Date occurs between two Semi-Annual Accrual
     Dates, the Accreted Value will equal the sum of (a) the Accreted Value for
     the Semi-Annual Accrual Date immediately preceding such Specified Date and
     (b) an amount equal to the product of (1) the Accreted Value for the
     immediately following Semi-Annual Accrual Date less the Accreted Value for
     the immediately preceding Semi-Annual Accrual Date multiplied by (2) a
     fraction, the numerator of which is the number of days from the immediately
     preceding Semi-Annual Accrual Date to the Specified Date, using a 360-day
     year of twelve 30-day months, and the denominator of which is 180; or
 
          (iv) if the Specified Date occurs after the last Semi-Annual Accrual
     Date, the Accreted Value will equal $1,000.
 
     "ACQUIRED DEBT" means, with respect to any specified Person:
 
          (1) Indebtedness of any other Person existing at the time such other
     Person is merged with or into or became a Subsidiary of such specified
     Person, whether or not such Indebtedness is incurred in connection with, or
     in contemplation of, such other Person merging with or into, or becoming a
     Subsidiary of, such specified Person; and
 
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