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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
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          (4) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries of Indebtedness represented by Capital Lease Obligations,
     mortgage financings or purchase money obligations, in each case, incurred
     for the purpose of financing all or any part of the purchase price or cost
     of construction or improvement, including, without limitation, the cost of
     design, development, construction, acquisition, transportation,
     installation, improvement, and migration, of Productive Assets of Charter
     Holdings or any of its Restricted Subsidiaries in an aggregate principal
     amount not to exceed $75 million at any time outstanding;
 
          (5) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the
     net proceeds of which are used to refund, refinance or replace, in whole or
     in part, Indebtedness, other than intercompany Indebtedness, that was
     permitted by the indentures to be incurred under the first paragraph of
     this covenant or clauses (2) or (3) of this paragraph;
 
          (6) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries, of intercompany Indebtedness between or among Charter
     Holdings and any of its Wholly Owned Restricted Subsidiaries; provided,
     that this clause does not permit Indebtedness between Charter Holdings or
     any of its Restricted Subsidiaries, as creditor or debtor, as the case may
     be, unless otherwise permitted by the indentures; provided, further, that:
 
             (a) if Charter Holdings is the obligor on such Indebtedness, such
        Indebtedness must be expressly subordinated to the prior payment in full
        in cash of all obligations with respect to the notes; and
 
             (b) (i) any subsequent issuance or transfer of Equity Interests
        that results in any such Indebtedness being held by a Person other than
        Charter Holdings or a Wholly Owned Restricted Subsidiary thereof, and
        (ii) any sale or other transfer of any such Indebtedness to a Person
        that is not either Charter Holdings or a Wholly Owned Restricted
        Subsidiary thereof, shall be deemed, in each case, to constitute an
        incurrence of such Indebtedness by Charter Holdings or any of its
        Restricted Subsidiaries, as the case may be, that was not permitted by
        this clause (6);
 
          (7) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries of Hedging Obligations that are incurred for the purpose of
     fixing or hedging interest rate risk with respect to any floating rate
     Indebtedness that is permitted by the terms of the indentures to be
     outstanding;
 
          (8) the guarantee by Charter Holdings of Indebtedness of Charter
     Holdings or a Restricted Subsidiary of Charter Holdings, that was permitted
     to be incurred by another provision of this covenant;
 
          (9) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries, of additional Indebtedness in an aggregate principal amount
     at any time outstanding, not to exceed $300 million;
 
          (10) the incurrence by Charter Holdings or any of its Restricted
     Subsidiaries, of additional Indebtedness in an aggregate principal amount
     at any time outstanding, not to exceed 200% of the net cash proceeds
     received by Charter Holdings from the sale of its Equity Interests, other
     than Disqualified Stock, after the date of the indentures to the extent
     such net cash proceeds have not been applied to make Restricted Payments or
     to effect other transactions pursuant to the covenant described above
 
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