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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
Entire Document
 
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          "PPPE Capital Value" for any PPPE Unit means the aggregate amount of
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Capital Contributions made in respect of such PPPE Unit.

          "PPPE Issuance Date" for any PPPE Unit means the date upon which the
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Company issues such PPPE Unit.

          "PPPE Unit" means a Unit representing a fractional part of the
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membership interests of the Company and constituting Permitted Pari-Passu
Equity.

          "PPPE Unpaid Yield" on any PPPE Unit means, as of any date, an amount
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equal to the excess, if any, of (a) the aggregate PPPE Yield accrued on such
PPPE Unit prior to such date, over (b) the aggregate amount of prior
Distributions made on such PPPE Unit by the Company pursuant to Section 7.1(b).

          "PPPE Unreturned Capital Value" for any PPPE Unit means the amount of
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the PPPE Capital Value for such PPPE Unit, reduced by all Distributions made by
the Company in respect of such Unit pursuant to Section 7.1(c).

          "PPPE Yield" on any PPPE Unit means the amount accruing in respect of
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such Unit on an annual or other specified basis, at the PPPE Applicable Rate for
such PPPE Unit in effect from time to time, on (a) the PPPE Unreturned Capital
Value for such PPPE Unit plus (b) the PPPE Unpaid Yield for such PPPE Unit for
all prior annual or other applicable periods (or portions thereof).  In
calculating the amount of any Distribution to be made during an annual or other
applicable period, the portion of the PPPE Yield for such portion of such annual
or other applicable period elapsing before such Distribution is made will be
taken into account.

          "Prior Agreement" has the meaning set forth in the recitals.
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          "Profits" means items of income and gain of the Company determined
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according to Section 6.2

          "Reference Rate" means the rate equal to the yield implied by the
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trading price of securities issued to refinance the Bridge Facilities plus 50
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basis points.

          "Related Agreements" means the Securities Purchase Agreement and the
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Members Agreement.

          "Related Boards" means each of the boards of directors or similar
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governing bodies of Avalon Cable Holdings and its Subsidiaries (other than
Company).

          "Related Party" means ABRY, ABRY Partners, Inc., a Delaware
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corporation, Avalon Cable Finance, Inc., a Delaware corporation, Avalon Cable
Holdings, Avalon Cable Holdings Finance, Inc., a Delaware corporation, Michigan
Holdings, Avalon Cable Michigan, Avalon New

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