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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
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                                                                              69

          (g)  the Issuers or any of its Subsidiaries fail to pay a final
     judgment or final judgments for the payment of money which are entered by a
     court or courts of competent jurisdiction against the Issuers or any of
     their Subsidiaries and such judgment or judgments remain undischarged for a
     period (during which execution shall not be effectively stayed) of 60 days,
     provided that the aggregate of all such undischarged judgments (without
     duplication) exceeds $5.0 million (excluding amounts covered by insurance);
     and

          (h)  the Issuers or any of their Restricted Subsidiaries that
     constitute a Significant Subsidiary, or any group of Restricted
     Subsidiaries that, taken together, would constitute a Significant
     Subsidiary pursuant to or within the meaning of Bankruptcy Law:

               (i)   commence a voluntary case,

               (ii)  consent to the entry of an order for relief against them in
          an involuntary case,

               (iii) consent to the appointment of a custodian of them or for
          all or substantially all of their property,

               (iv)  make a general assignment for the benefit of their
          creditors, or

               (v)   generally are not paying their debts as they become due; or

          (i)  a court of competent jurisdiction enters an order or decree
     under any Bankruptcy  Law that:

               (i)   is for relief against the Issuers or any of their
          Restricted Subsidiaries that constitute a Significant Subsidiary, or
          any group of Restricted Subsidiaries that, taken together, would
          constitute a Significant Subsidiary in an involuntary case;

               (ii)  appoints a custodian of the Issuers or any of their
          Restricted Subsidiaries that constitute a Significant Subsidiary, or
          any group of Restricted Subsidiaries that, taken together, would
          constitute a Significant Subsidiary or for all or substantially all of
          the property of the Issuers or any of their Restricted Subsidiaries
          that constitute a Significant Subsidiary, or any group of Restricted
          Subsidiaries that, taken together, would constitute a Significant
          Subsidiary; or

               (iii) orders the liquidation of the Issuers or any of their
          Restricted Subsidiaries that constitute a Significant Subsidiary, or
          any group of Restricted Subsidiaries that, taken together, would
          constitute a Significant Subsidiary;

     and the order or decree remains unstayed and in effect for 60 consecutive
     days.