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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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such Indebtedness (or trustees or agents therefor) of a payment blockage, and
thereafter no payments of principal of (or premium, if any) or interest on or
otherwise due in respect of such Indebtedness may be made for a period of 179
days from the date of such notice and (c) that shall automatically convert into
common equity of the Issuers within 18 months of the date of issuance thereof,
unless refinanced.

          "Accreted Value" means as of any date prior to December 1, 2003, an
amount per $1,000 principal amount at maturity of the Senior Discount Notes that
is equal to the sum of (a) the initial offering price of each Senior Discount
Note and (b) the portion of the excess of the principal amount at maturity of
each Senior Discount Note over such initial offering price which shall have been
amortized through such date, such amount to be so amortized on a daily basis and
compounded semi-annually on each June 1, and December 1, at the rate of 11% per
annum from the Issue Date through the date of determination computed on the
basis of a 360-day year of twelve 30-day months.

          "Acquired Debt" means, with respect to any specified Person, (i)
Indebtedness of any other Person existing at the time such other Person is
merged with or into or became a Restricted Subsidiary of such specified Person,
including, without limitation, Indebtedness incurred in connection with, or in
contemplation of, such other Person merging with or into or becoming a
Restricted Subsidiary of such specified Person, and (ii) Indebtedness secured by
a Lien encumbering any asset acquired by such specified Person.

          "Acquisition Transactions" means the acquisition (i) by the Issuers
and their Subsidiaries of 1,822,810 outstanding shares of the common stock of
Mercom, (ii) by Avalon Michigan or Avalon Michigan LLC of a cable television
system from Cross Country Cable TV, Inc., (iii) by Avalon Michigan or Avalon
Michigan LLC of a cable television system from Nova Cablevision, Inc., Nova
Cablevision VI, L.P. and Nova Cablevision VII, L.P., (iv) by Avalon Michigan or
Avalon Michigan LLC of the assets of Traverse Internet, Inc. and (v) by Avalon
New England of all of the cable system assets of Taconic Technology Corp.

          "Additional Senior Discount Notes" means an additional $50.0 million
in aggregate principal amount at issuance of Senior Discount Notes issued under
this Indenture after the Issue Date in accordance with Sections 2.2 and 4.9
hereof.

          "Affiliate"' means, with respect to any specified Person, any other
Person controlling or controlled by or under common control with such specified
Person. For purposes of this definition, "control" (including, with correlative
meanings, the terms "controlling," "controlled by" and "under common control
with"), as used with respect to any Person, shall mean the possession, directly
or indirectly, of the power to direct or cause the direction of the management
or policies of such Person, whether through the ownership of voting securities,
by agreement or otherwise; provided that beneficial ownership of 10% or more of
the voting securities of a Person shall be deemed to be control.