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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 07/22/1999
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            .  the Credit Facility as in effect on the date of the Indenture
               and any amendments, modifications, restatements, renewals,
               increases, supplements, refundings, replacements or
               refinancings thereof; provided that such amendments,
               modifications, restatements, renewals, increases, supplements,
               refundings, replacements or refinancings are no more
               restrictive with respect to such dividends and other payments
               restrictions than those contained in the Credit Facility as in
               effect on the date of the Indenture;
 
            .  the terms of any Indebtedness permitted by the Indenture to be
               incurred by any Restricted Subsidiary of any of the Issuers,
 
            .  the Indenture and the Notes,
 
            .  the Indenture under which the Senior Subordinated Notes will be
               issued and the Senior Subordinated Notes,
 
            .  any instrument governing Indebtedness or Capital Stock of a
               Person acquired by the Issuers or any of their Restricted
               Subsidiaries as in effect at the time of such acquisition
               (except to the extent such Indebtedness was incurred in
               connection with or in contemplation of such acquisition), which
               encumbrance or restriction is not applicable to any Person, or
               the properties or assets of any Person, other than the Person,
               or the property or assets of the Person, so acquired, provided
               that, in the case of Indebtedness, such Indebtedness was
               permitted by the terms of the Indenture to be incurred,
 
            .  by reason of customary non-assignment provisions in leases
               entered into in the ordinary course of business,
 
            .  purchase money obligations (including Capital Lease
               Obligations) for property acquired in the ordinary course of
               business that impose restrictions of the nature described in
               clause (3) above on the property so acquired,
 
            .  Permitted Refinancing Indebtedness, provided that the
               restrictions contained in the agreements governing such
               Permitted Refinancing Indebtedness are no more restrictive,
               taken as a whole, than those contained in the agreements
               governing the Indebtedness being refinanced,
 
            .  contracts for the sale of assets, including, without
               limitation, customary restrictions with respect to a Subsidiary
               pursuant to an agreement that has been entered into for the
               sale or disposition of all or substantially all of the Capital
               Stock or assets of such Subsidiary or
 
        .  applicable law or any applicable rule, regulation or order.
 
 Guarantees by Restricted Subsidiaries
 
   The Issuers will not permit any of their Restricted Subsidiaries, directly
or indirectly, to Guarantee, assume or in any other manner become liable for
the payment of any Indebtedness of the Issuers (other than as part of the
Reorganization) unless:
 
  .      such Restricted Subsidiary simultaneously executes and delivers a
         supplemental indenture providing for a Guarantee of payment of the
         Notes by such Restricted Subsidiary, and
 
  .      such Restricted Subsidiary waives, and will not in any manner
         whatsoever claim or take the benefit or advantage of, any rights of
         reimbursement, indemnity or subrogation or any other rights against
         the Issuers or any other Restricted Subsidiary as a result of any
         payment by such Restricted Subsidiary under its Guarantee until the
         Notes have been paid in full.
 
 Merger, Consolidation, or Sale of Assets
 
   The Issuer or Issuers holding all or substantially all of the assets of the
Issuers on a combined basis will not, directly or indirectly, consolidate or
merge with or into (whether or not such Issuer is the surviving
 
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