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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
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                  (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 Guarantor or a Restricted Subsidiary of the
            Guarantor;

            (5) 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 Section 4.11;

            (6) Investment made out of the net cash proceeds of the issue and
      sale (other than to a Subsidiary of the Company or the Guarantor) of
      Equity Interests (other than Disqualified Stock) of the Company or the
      Guarantor to the extent that such net cash proceeds have not been applied
      to make a Restricted Payment or to effect other transactions pursuant to
      Section 4.07 or to the extent such net cash proceeds have not been used to
      incur Indebtedness pursuant to clause (10) of Section 4.10;

            (7) 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 in 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 or the Guarantor or any of its Restricted
      Subsidiaries, after giving effect to such Investments, will own at least
      20% of the Voting Stock of such Person;

            (8) 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
      this Indenture, not to exceed $50 million;

            (9) 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

            (10) the Company's investment in the Guarantor, as outstanding on
      the Issue Date.

            "Permitted Liens" means:

            (1) Liens on the assets of the Company or the Guarantor securing
      Indebtedness and other Obligations under clause (1) of Section 4.10;

            (2) Liens in favor of the Company and the Guarantor and Liens on the
      assets of any Restricted Subsidiary of the Company or the Guarantor in
      favor of any other Restricted Subsidiary of the Company or the Guarantor;

            (3) Liens on property of a Person existing at the time such Person
      is merged with or into or consolidated with the Company or the Guarantor;
      provided that such Liens were in existence prior to the contemplation of
      such merger or consolidation and do not extend to any assets other than
      those of the Person merged into or consolidated with the Company or the
      Guarantor;

            (4) Liens on property existing at the time of acquisition thereof by
      the Company or the Guarantor; provided that such Liens were in existence
      prior to the contemplation of such acquisition;


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