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1999-215
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1999-215
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Last modified
10/31/2023 2:51:18 PM
Creation date
10/31/2023 2:45:58 PM
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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
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Agreements to Falcon within 90 days after the execution of the Purchase and Contribution <br />Agreement for approval and convent, and Buyerand Falcon shall mutually agree upon the Allocation <br />Agreements prior to the Closing Date. In this regard, Buyer and Falcon agree that (x) forpurposes <br />of the Falcon Allocation Agreement, each asset of any Falcon Company that is a Tax Partnership <br />that is a Class I Asset, Class II Asset, or Class IR Asset (as defined in Treasury Regulation § <br />1.338(b)-21) (other than the stock of FFI) shall be allocated value equal to its net book value, the <br />stock of FFI shall be allocated value equal to the value determined by the mutual agreement of <br />Buyer and Falcon, and any remaining value shall be allocated to Franchises of the Falcon <br />Companies that are Tax Partnerships, and (y) for purposes of the Chatter Allocation Agreement, <br />each asset of Charter Holdings and its Subsidiaries that is a Class I Asset, Class B Asset, or Class <br />IB Asset (other than the Equity Interests in any Subsidiary of Charter Holdings that is not a Tax <br />Partnership or a disregarded entity for federal income tax purposes (a "Charter Corporate <br />Subsidiary")) shall be allocated value equal to its net book value, the Equity Interests in any Charter <br />Corporate Subsidiary shall be allocated value equal to the value determined by the mutual agreement <br />of Buyer and Falcon, and any remaining value shall be allocated to Franchises of Charter Holdings <br />and its Subsidiaries (other than Franchises of Charter Corporate Subsidiaries), Neither Falcon nor <br />Buyer shall unreasonably withhold its approval and consent with respect to the Allocation <br />Agreements. Unless otherwise required by applicable law. Buyer and Sellers agree to act and cause <br />their respective affiliates to act, in accordance with the Allocation Agreements in any relevant Tax <br />Remain or similar filings, and shall make any filings required by Code Sections 704(c), 743(6), 751, <br />755 and 1060 (if any) in accordance with the Allocation Agreements. <br />(i) Buyer will cause Charter LLC to file a Section 754 election with respect to <br />its fast taxable year. Buyer will not revoke, and will not cause to be revoked, the Section 754 <br />election in effect for itself or for any of the Falcon Companies and will administer, or cause to be <br />administered, the elections so as to reflect (A) gain recognized by the Sellers with respect to the sale <br />of the Purchased Interests and the contribution of the Contributed Interest, and (B) gain recognized <br />by holders of membership interests in Chatter LLC arising from dispositions of their interests. <br />6.11 Falcon Name. The parties agree that the Falcon Companies shall retain the right to <br />use the names "Falcon" and "Falcon Cable TP' and any and all derivations thereof with respect to <br />the domestic U.S. cable television and related businesses conducted by the Falcon Companies from <br />mid after the Closing and that the Sellers shall retain die rieht muse the name "Falcon" and "Falcon <br />International" and any and all derivatives thereof with respect to the non-U.S. cable television and <br />related businesses conducted by certain Falcon entities. <br />6.12 No Become, Rcleasis of Claims. Anything in this Agreement or applicable law to <br />the contrary notwithstanding, other than claims against Sellers as and to the extent expressly <br />provided for in Section 9.4 and Section 10 of this Agreement (and other than any claim for fraud or <br />criminal conduct), neither Buyer nor any ofNc Falcou Companies will have any claim or recourse <br />against any of the Released Parties as a result of the breach of any representation, warranty, <br />cove um oragreemwt of Falcon or Sellers contained herein or otherwise arising in connection with <br />the transactions contemplated by the Transaction Documents or the business or operations of the <br />Falcon Companies prior to the Closing. Eflective as of the Closing, Buyer and each of its <br />Subsidiaries hereby releases and forever discharges each of the Released Paries from all actions, <br />nrotnvut axatvnon 55 <br />
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