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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
Metadata
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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
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and Contribution Agreement shall include Charter LLC, to the extent applicable as purchaser of <br />the Purchased Interests, as well as CCI. Charter LLC's assumption of the obligations of CCI <br />under the Purchase and Contribution Agreement is intended to be for the benefit of, and shall be <br />enforceable by, Sellers. <br />3. Clause (5) of Section 2.1(a) of the Purchase and Contribution Agreement is <br />hereby amended to read in its entirety as follows: <br />from FHGLP, all of the capital stock in Enstar, its entire membership interest in <br />Eater Finance Company, LLC, and its entire membership interest in <br />CC VII, LLC, a Delaware limited liability company ("CC VII, LLC"); and <br />4. The term "Minimum Contributed interest" as defined in the fourth sentence of <br />Section 2.1(b) of the purchase and Contribution Agreement is hereby amended to be not less <br />than 45.3% of FHGLP's partnership interest in Falwn. <br />5. Clause (i) of Section 2.3(b) of the Purchase and Contribution Agreement is hereby <br />amended to read in its entirety w follows: <br />the value of the Aggregate Consideration allocated to FHGLP with respect to its <br />partnership interest in Falcon in Part III of the Allocation Notice, and <br />6. Section 4 of the Purchase and Contribution Agreement is hereby amended as <br />follows: <br />(a) by amending the parenthetical clause of the first paragraph of such Section <br />to read in its entirety as follows: <br />(with respect to such Seller and not with respect to any other Seller, and only <br />FHGLP makes the representations and warranties in Sections 4.4(b), 4.7 and 4.9) <br />(b) by adding the following new subsection 4.9 to the end of such Section: <br />4.9 CC VII, LLC was duly formed as a limited liability company under <br />the laws of the State of Delaware and is validly existing and in good standine <br />under me laws of the State of Delaware. FHGLP is the record and beneficial <br />owner of each issued and outstanding Equity Interest of CC VII, LLC. FHGLP <br />has formed CC VH, LLC solely to hold the interest in Falcon to be transferred to <br />it pursuant to Section 6.6(g) hereof and to exercise all rights and perform all <br />obligations pertaining thereto. At no time prior to Closing will CC VH, LLC <br />conduct any business activities or other operations of any kind, or hold any asset <br />other than the interest in Falcon, or become liable for any obligation except its <br />obligation under the Agreement. At all times since its formation, CC VH, LLC <br />has been treated for federal income tax purposes as a disregarded entity under <br />Treasury Regulations § 301.7701-3(b)(1)(ii). <br />3 <br />
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