Print Page  Close Window

SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
Entire Document
 
<PAGE>   15
         Section 7.2. Payment of Taxes, Claims, etc. (a) The Company and each of
its Subsidiaries will pay and discharge promptly:

                  (i) all taxes, assessments, fees and other governmental
         charges or levies imposed upon it or upon any of its properties,
         assets, income, profits or franchises before the same shall become
         delinquent; and

                  (ii) all lawful claims of materialmen, mechanics, carriers,
         warehousemen, landlords and other similar Persons for labor, materials,
         supplies and rentals which, if unpaid, might by law become a Lien or
         charge upon its properties or assets;

provided, however, that the Company shall not be required to pay any of the
foregoing if (x) the amount, applicability or validity thereof shall currently
be actively contested by appropriate proceedings (in the opinion of the
Company's counsel in any case involving over $50,000) and in good faith, (y) the
Company shall have made such reserve or other appropriate provision, if any, as
shall be required by generally accepted accounting principles and (z) insofar as
the title of the Company to, and its right to use, any of its properties or
assets may be affected thereby, such effect does not and will not have a
material and adverse effect on the Company.

         (b) The Company will pay and discharge, within the period required by
law, any liability imposed upon it pursuant to Sections 4062, 4063 and 4064 of
ERISA.

         Section 7.3. Maintenance of Properties and Existence. The Company and
each of its Subsidiaries will:

         (a) maintain its existence, rights and franchises, and maintain its
properties and assets (including properties and assets leased by it) in good
condition, reasonable wear and tear excepted, and make all needful and proper
renewals, replacements, additions, betterments and improvements to its
properties and assets (including properties and assets leased by it), to the
extent required (i) in order that the business carried on in connection
therewith may be conducted properly and efficiently at all times and (ii)
pursuant to its CATV Franchises;

         (b) keep adequately insured, by financially sound and reputable
insurers, all of its properties, assets and operations of a character usually
insured by Persons of established reputation engaged in the same or a similar
business similarly situated against loss or damage of the kinds and in amounts
customarily insured against by such Persons,




                                      -14-