My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1999-215
CBCC
>
Official Documents
>
1990's
>
1999
>
1999-215
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/31/2023 2:51:18 PM
Creation date
10/31/2023 2:45:58 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/24/1999
Control Number
1999-215
Entity Name
Falcon Cable Media
Subject
Purchase and Contribution Agreement, Transfer of Control of Ultimate Parent
Company of Falcon Cable Media
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
293
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
2.3 Consideration for Purchased Interests and Contributed Int est. <br />(a) The consideration for the Purchased Interests and the Contributed Interest <br />shall be Three Billion Four Hundred Eighty -One Million Dollars ($3,481,000,000) in the aggregate, <br />subject to adjustment in accordance with Sections 2.4, 2.5 and 2.6 (the "Aggregate Consideration"). <br />The Aggregate Consideration shall be determined by Falcon based on the Preliminary Closing <br />Statement and set forth in Part 11 of the Allocation Notice. The Buyer shall pay a portion of the <br />Aggregate Consideration in cash (the "Cash Consideration"), and the balance of the Aggregate <br />Consideration shall be represented by the Equity Consideration delivered to FHGLP pursuant to <br />Section 2.1(b). The value of the Aggregate Consideration shall be allocated among the Sellers as <br />determined by the Sellers and set forth in Part ID of the Allocation Notice. <br />(b) The amount of the Cash Consideration shall equal the Aggregate <br />Considemtion reduced by the "Equity Value", which shall equal the product of (i) the value of the <br />Aggregate Consideration allocated to FHGLP in Pan III of the Allocation Notice, and (ii) the <br />percentage of FHGLP's partnership interest in Falcon that is contributed to Charter LLC pursuant <br />to Section 2.l(b). The Equity Value shall be set forth in Part IV of the Allocation Notice. <br />(c) Each Seller acknowledges that upon payment of the Aggregate Consideration <br />to the accounts or persons designated by the Sellers in accordance with this Agreement, Buyer shall <br />have no additional liability or obligation to the Sellers with respect to the allocation of the Aggregate <br />Consideration among the Purchased Interests and the Contributed Interest and the Sellers, and each <br />Seller agrees to indemnify and hold Buyer harmless from and against any claim by a Seller (or a <br />partner, shareholder or member of such Seller) arising out of the allocation of the Aggregate <br />Consideration. <br />(d) The Sellers and Buyer agree to allocate the Cash Consideration among the <br />Sellers of the Purchased interests as follows: <br />(1) $1 shall be paid to FHGLP for all of its capital stock in Emu, <br />(2) $1 shag be paid to DHN for its entire membership interest in Adlink, <br />and <br />(3) the balance of the Cash Consideration allocated to each Seller of the <br />other Purchased Interests shall equal the sum of(x) the cash portion ofthe Net Closing Payment paid <br />to such Seller as set forth in Part V ofthe Allocation Notice, plus (y) the portion ofthe Adjustment <br />Escrow Amount paid to such Seller pursuant to Section 2.6(b)(1)(B) hereof(ifany). <br />2.4 Adiustments. <br />(a) Closing Equivalent Subscribers. The Aggregate Consideration shall be <br />decreased by the number, if any, by which the number of Closing Equivalent Subscribers is less <br />than 979,700 multiplied by $3,516. For purposes of this Agreement, "Closing Equivalent <br />IXtl.=--EMECnnON <br />
The URL can be used to link to this page
Your browser does not support the video tag.