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CBS Corp – ‘10-K’ for 12/31/95 – EX-4.(G)

As of:  Monday, 4/1/96   ·   For:  12/31/95   ·   Accession #:  950112-96-1003   ·   File #:  1-09553

Previous ‘10-K’:  ‘10-K’ on 3/31/95 for 12/31/94   ·   Next:  ‘10-K’ on 3/31/97 for 12/31/96   ·   Latest:  ‘10-K’ on 2/28/24 for 12/31/23

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/01/96  CBS Corp                          10-K       12/31/95   12:650K                                   Merrill Corporate/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Viacom Inc.                                          107    510K 
 2: EX-4.(F)    Instrument Defining the Rights of Security Holders   100    236K 
 3: EX-4.(G)    Instrument Defining the Rights of Security Holders    81    187K 
 4: EX-4.(H)    Instrument Defining the Rights of Security Holders    37     76K 
 5: EX-10.(C)   Material Contract                                      4     21K 
 6: EX-10.(L)   Material Contract                                     14     54K 
 7: EX-10.(M)   Material Contract                                     14     53K 
 8: EX-11       Statement re: Computation of Earnings Per Share        2±    13K 
 9: EX-21       Subsidiaries of the Registrant                        13     83K 
10: EX-23.(A)   Consent of Experts or Counsel                          1      7K 
11: EX-24       Power of Attorney                                      9     21K 
12: EX-27       Financial Data Schedule (Pre-XBRL)                     1     10K 


EX-4.(G)   —   Instrument Defining the Rights of Security Holders
Exhibit Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
7Existing Lenders
8Agents
11Co-Agents
17Schedule I
47Amendment
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AMENDMENT NO. 1 AMENDMENT NO. 1, dated as of August 5, 1994 (this "Amendment"), to: (i) the CREDIT AGREEMENT, dated as of July 1, 1994 (the "Parent Facility"), among VIACOM INC., a Delaware corporation ("Viacom"), each of the several Banks identified on the signature pages thereof, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents; and (ii) the CREDIT AGREEMENT, dated as of July 1, 1994 (the "Subsidiary Facility"), among VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC., WVIT INC. and VIACOM INTERNATIONAL INC., each a Delaware corporation (collectively, "Subsidiary Borrowers"), each of the several Banks identified on the signature pages thereof, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. W I T N E S S E T H: WHEREAS, the parties who have heretofore entered into the Parent Facility and the Subsidiary Facility now desire to effect a general syndication of the Parent Facility and Subsidiary Facility and the related assignment of the outstanding Loans thereunder by amending certain provisions of such agreements; and NOW, THEREFORE, the parties hereto agree as follows:
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ARTICLE I Amendments Section 1.1. All references to "Schedule I" in each of the Parent Facility and Subsidiary Facility are hereby amended to refer to Schedule I attached to this Amendment. Section 1.2. All references to "Schedule II" in each of the Parent Facility and the Subsidiary Facility are hereby amended to refer to the appropriate Schedule II relating to such agreement and attached to this Amendment. Section 1.3 All references to an "Agent" or a "Co-Agent" shall have the meanings set forth in each of the Parent Facility and Subsidiary Facility. ARTICLE II Funding Section 2.1. Subject to the prior effectiveness of this Amendment, and in order to give effect to the reallocation of the commitments and the outstanding Loans provided for by this Section 2.1, before 11:00 A.M. (New York City time) on August 15, 1994 (the "Effective Date"): (i) Each lender that is to become a Bank party to either of the Parent Facility or the Subsidiary Facility (each such lender, a "New Lender") shall make available to the Administrative Agent, for the respective accounts of the Banks that are parties to either of the Parent Facility or the Subsidiary Facility (the "Existing Lenders"), an amount equal to the aggregate of (x) such New Lender's Ratable Portion (as defined in each of the Parent Facility and the Subsidiary Facility, after giving effect to the provisions of Article I of this Amendment (the "Adjusted Ratable Portion")) of the outstanding Loans under (and as defined in) each of the Parent Facility and the Subsidiary Facility, and (y) such New Lender's Adjusted Ratable Portion of the Breakage Amount (as defined below), if any, payable by the New Lenders with respect to each Eurodollar Rate Loan outstanding on the Effective Date (other than any Eurodollar Rate Loans with respect to which the Effective Date is the first day of a new Interest Period); and 2
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(ii) Promptly thereafter (but in any event on the same day), the Administrative Agent shall cause to be distributed in like funds to each Existing Lender, for the account of its Applicable Lending Office, such Existing Lender's Ratable Portion (as defined in each of the Parent Facility and the Subsidiary Facility, but without giving effect to the provisions of Article I of this Agreement (the "Unadjusted Ratable Portion")) of (x) the amount paid by the New Lenders pursuant to clause (i) of this Section 2.1 in respect of the reallocation of loans and (y) the Breakage Amount, if any, paid by the New Lenders. Section 2.2. Subject to the prior effectiveness of this Amendment, before 11:00 A.M. (New York City time) on the Effective Date: (i) Each Existing Lender shall make available to the Administrative Agent, for the respective accounts of the New Lenders, an amount equal to the aggregate of (x) such Existing Lender's Unadjusted Ratable Portion of the Breakage Amount (as defined below), if any, payable by the Existing Lenders, and (y) the Participation Fee (as defined below) payable by such Existing Lender; and (ii) Promptly thereafter (but in any event on the same day), the Administrative Agent shall cause to be distributed in like funds to each New Lender, for the account of its Applicable Lending Office, such New Lender's Adjusted Ratable Portion of the (x) Breakage Amount, if any, paid by the Existing Lenders and (y) the aggregate of the Participation Fees paid by the Existing Lenders. Section 2.3. The "Breakage Amount" with respect to each Eurodollar Rate Loan shall be the amount calculated in accordance with the following formula: Principal Amount x [(New LIBOR - Old LIBOR)/360] x Number of Days Remaining where: Principal Amount = The aggregate of the Adjusted Ratable Portions of the New Lenders of the applicable Eurodollar Rate Loan New LIBOR = Eurodollar Rate determined in respect of such Loan for the Interest Period commencing on the Effective Date 3
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Old LIBOR = Eurodollar Rate in effect with respect to such Loan immediately prior to the Effective Date Number of Days Remaining = Number of days remaining in the Interest Period applicable to such Loan If such amount is a negative number, the absolute value of such amount shall be payable only by the New Lenders for the account of the Existing Lenders. If such amount is a positive number, such amount shall be payable only by the Existing Lenders to the New Lenders. Section 2.3. The "Participation Fee" payable by each Existing Lender shall be the amount set forth with respect to such Existing Lender in the following table: Category of Existing Lender Amount of Participation Fee --------------------------- --------------------------- Managing Agent $67,286.50 Agent $64,851.57 Co-Agent $46,322.55 Section 2.4 Upon receipt of the monies by the Administrative Agent, as provided in Sections 2.1(i) and 2.2(i), and payment of the monies by the Administrative Agent, as provided in Section 2.1(ii) and 2.2(ii), the Administrative Agent shall make appropriate entries in its books pursuant to Section 13.7(g) of the Parent Facility and Section 10.7(g) of the Subsidiary Facility to reflect the reallocation of Commitments and Loans effected by this Amendment. Section 2.4. The provisions of this Article are solely for the benefit of the Existing Lenders and the New Lenders and may not be enforced by any other party. ARTICLE III Effectiveness Section 3.1. This Amendment will be effective as of the Effective Date and following the execution thereof by each of Viacom, each Subsidiary Borrower, each Guarantor Subsidiary and each Existing Lender and New Lender identified on the signature pages hereof. 4
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ARTICLE IV Representations and Warranties Section 4.1. Each of the Borrower, the Subsidiary Borrowers and the Subsidiary Guarantors hereby represents and warrants that on the Effective Date, both before and after giving effect to this Amendment, no Default or Event of Default shall exist or be continuing under the Parent Facility or the Subsidiary Facility. ARTICLE V Miscellaneous Section 5.1. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in each of the Parent Facility and the Subsidiary Facility. Section 5.2. Except as amended hereby, all of the terms of each of the Parent Facility and the Subsidiary Facility shall remain and continue in full force and effect and are hereby confirmed in all respects. Section 5.3. This Amendment shall be a Loan Document for the purposes of the Parent Facility and Subsidiary Facility. Section 5.4. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto were upon the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. Section 5.5. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 5
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. VIACOM INC., as Borrower By: /s/ Vaughn A. Clarke ----------------------- Name: Vaughn A. Clarke Title: Senior Vice President, Treasurer VIACOM INTERNATIONAL INC., as a Subsidiary Borrower and as a Subsidiary Guarantor By: /s/ Vaughn A. Clarke ----------------------- Name: Vaughn A. Clarke Title: Senior Vice President, Treasurer On behalf of the following Subsidiary Borrowers: VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC. and WVIT INC. PARAMOUNT COMMUNICATIONS INC., as a Subsidiary Guarantor By: /s/ Vaughn A. Clarke ----------------------- Name: Vaughn A. Clarke Title: Senior Vice President, Treasurer 6
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EXISTING LENDERS Managing Agents THE BANK OF NEW YORK, as Managing Agent, the Documentation Agent and a Bank By: /s/ Vincent L. Pacilio ----------------------------- Name: Vincent L. Pacilio Title: Vice President CITIBANK, N.A., as Managing Agent, the Administrative Agent and a Bank By: /s/ David D. Clark ----------------------------- Name: David D. Clark Title: Vice President MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Managing Agent and a Bank By: /s/ Stephen J. Kenneally ----------------------------- Name: Stephen J. Kenneally Title: Vice President BANK OF AMERICA NT&SA, as Managing Agent and a Bank By: /s/ Nancy L. Sun ----------------------------- Name: Nancy L. Sun Title: Vice President 7
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Agents BANK OF MONTREAL, as Agent and a Bank By: /s/ Yvonne Bos ----------------------------- Name: Yvonne Bos Title: Managing Director THE BANK OF NOVA SCOTIA, as Agent and a Bank By: /s/ Vince Fitzgerald ----------------------------- Name: Vince Fitzgerald Title: Vice President THE BANK OF TOKYO TRUST COMPANY, as Agent and a Bank By: /s/ Neal Hoffson ----------------------------- Name: Neal Hoffson Title: Vice President BARCLAYS BANK PLC, as Agent and a Bank By: /s/ James L. Hatter ----------------------------- Name: James L. Hatter Title: Director CANADIAN IMPERIAL BANK OF COMMERCE, as Agent and a Bank By: /s/ John H. Tyler ----------------------------- Name: John H. Tyler Title: Vice President 8
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THE CHASE MANHATTAN BANK (NATIONAL ASSOCIATION), as Agent and a Bank By: /s/ Bruce Langenkamp ----------------------------- Name: Bruce Langenkamp Title: Vice President CREDIT LYONNAIS CAYMAN ISLAND BRANCH, as Agent and a Bank By: /s/ M. Bernadette Collins ----------------------------- Name: M. Bernadette Collins Title: Vice President THE FIRST NATIONAL BANK OF BOSTON, as Agent and a Bank By: /s/ Mary M. Barcus ----------------------------- Name: Mary M. Barcus Title: Vice President THE FUJI BANK, LIMITED, as Agent and a Bank By: /s/ Katsunori Nozawa ----------------------------- Name: Katsunori Nozawa Title: Vice President & Manager THE INDUSTRIAL BANK OF JAPAN, LTD., as Agent and a Bank By: /s/ Jeffrey Cole ----------------------------- Name: Jeffrey Cole Title: Vice President 9
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LTCB TRUST COMPANY, as Agent and a Bank By: /s/ Tetsuya Fukunaga ----------------------------- Name: Tetsuya Fukunaga Title: Vice President MELLON BANK, N.A., as Agent and a Bank By: /s/ Sean C. Gannon ----------------------------- Name: Sean C. Gannon Title: Assistant Vice President NATIONSBANK OF TEXAS N.A., as Agent and a Bank By: /s/ Chad E. Coben ----------------------------- Name: Chad E. Coben Title: Assistant Vice President SOCIETE GENERALE, as Agent and a Bank By: /s/ Pascale Hainline ----------------------------- Name: Pascale Hainline Title: Vice President THE TORONTO-DOMINION BANK, as Agent and a Bank By: /s/ David G. Parker ----------------------------- Name: David G. Parker Title: Mgr. Cr. Admin. 10
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UNION BANK, as Agent and a Bank By: /s/ Bill D. Gooch ----------------------------- Name: Bill D. Gooch Title: Assistant Vice President Co-Agents CREDIT SUISSE, as Co-Agent and a Bank By: /s/ Michael C. Mast ----------------------------- Name: Michael C. Mast Title: Member of Senior Management By: /s/ Scott E. Zoellner ----------------------------- Name: Scott E. Zoellner Title: Associate THE DAI-ICHI KANGYO BANK LTD., NEW YORK BRANCH, as Co-Agent and a Bank By: /s/ Yosada Onoda ----------------------------- Name: Yosada Onoda Title: Senior Vice President THE MITSUBISHI BANK, LIMITED, as Co-Agent and a Bank By: /s/ Paula Mueller ----------------------------- Name: Paula Mueller Title: Vice President 11
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THE MITSUBISHI TRUST & BANKING CORPORATION, as Co-Agent and a Bank By: /s/ Patricia Loret de Mola ----------------------------- Name: Patricia Loret de Mola Title: Senior Vice President ROYAL BANK OF CANADA, as Co-Agent and a Bank By: /s/ E. Salazar ----------------------------- Name: E. Salazar Title: Senior Manager THE SANWA BANK, LTD., as Co-Agent and a Bank By: /s/ Masaaki Ariyoshi ----------------------------- Name: Masaaki Ariyoshi Title: Vice President THE SUMITOMO BANK, LIMITED, NEW YORK BRANCH, as Co-Agent and a Bank By: /s/ Shuntaro Higashi ----------------------------- Name: Shuntaro Higashi Title: Joint General Manager 12
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UNION BANK OF SWITZERLAND, as Co-Agent and a Bank By: /s/ James P. Kelleher ----------------------------- Name: James P. Kelleher Title: Assistant Treasurer By: /s/ Peter B. Yearly ----------------------------- Name: Peter B. Yearly Title: Vice President Syndication Agent JP MORGAN SECURITIES INC., as the Syndication Agent By: /s/ Barbara J. Asch ----------------------------- Name: Barbara J. Asch Title: Vice President NEW LENDERS Lead Managers CHEMICAL BANK, as Lead Manager and a Bank By: /s/ John C. Coffin ----------------------------- Name: John C. Coffin Title: Vice President 13
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DEUTSCHE BANK AG, through its New York and/or Cayman Islands Branch, as Lead Manager and a Bank By: /s/ John R. Lilly ----------------------------- Name: John R. Lilly Title: Vice President By: /s/ Alain M. Bolea ----------------------------- Name: Alain M. Bolea Title: Director Participants THE SAKURA BANK, LIMITED, as Participant and a Bank By: /s/ Yasuhiro Terada ----------------------------- Name: Yasahiro Terada Title: Senior Vice President & Assistant General Manager COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE, NEW YORK BRANCH, as Participant and a Bank By: /s/ Marcus Edward ----------------------------- Name: Marcus Edward Title: Vice President By: /s/ Sean Mounier ----------------------------- Name: Sean Mounier Title: Vice President 14
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PNC BANK N.A., as Participant and a Bank By: /s/ Karen M. Wolters ----------------------------- Name: Karen M. Wolters Title: Vice President FIRST INTERSTATE BANK OF WASHINGTON, N.A., as Participant and a Bank By: /s/ Susan Hendrixson ----------------------------- Name: Susan Hendrixson Title: Vice President GULF INTERNATIONAL BANK, as Participant and a Bank By: /s/ Abdel-Fattah Tahoun ----------------------------- Name: Abdel-Fattah Tahoun Title: Senior Vice President By: /s/ Haytham F. Khalil ----------------------------- Name: Haytham F. Khalil Title: Assistant Vice President THE TOKAI BANK, LIMITED, NEW YORK BRANCH, as Participant and a Bank By: /s/ Masaharu Muto ----------------------------- Name: Masaharu Muto Title: Deputy General Manager 15
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THE YASUDA TRUST AND BANKING CO., LTD., NEW YORK BRANCH, as Participant and a Bank By: /s/ Neil T. Chau ----------------------------- Name: Neil T. Chau Title: First Vice President
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Schedule I List of Lending Offices Bank The Bank of New York Domestic Lending Office: The Bank of New York One Wall Street 16th Floor New York, New York 10286 Eurodollar Lending Office: Same Citibank, N.A. Domestic Lending Office: Citibank, N.A. 399 Park Avenue New York, New York 10043 Eurodollar Lending Office: Same Morgan Guaranty Trust Company Domestic Lending Office: of New York Morgan Guaranty Trust Company of New York 60 Wall Street New York, New York 10260-0060 Attention Loan Department Telex #177615 MGT VT Eurodollar Lending Office: Morgan Guaranty Trust Company of New York Nassau, Bahamas Office c/o J.P. Morgan Services Loan Operations - 3rd Floor 500 Stanton Christiana Road Newark, Delaware 19713 I-1
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Bank Bank of America NT&SA Domestic Lending Office: Bank of America NT&SA 1850 Gateway Boulevard 4th Floor Concord, California 94520 Eurodollar Lending Office: Same Bank of Montreal Domestic Lending Office: Bank of Montreal, Chicago Branch 115 South LaSalle Street 11th Floor Chicago, IL 60603 Eurodollar Lending Office: Same The Bank of Nova Scotia Domestic Lending Office: The Bank of Nova Scotia 1 Liberty Plaza 26th Floor New York, NY 10006 Eurodollar Lending Office: Same The Bank of Tokyo Trust Company Domestic Lending Office: The Bank of Tokyo Trust Company 1251 Avenue of the Americas 12th Floor New York, New York 10116 Eurodollar Lending Office: Same I-2
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Bank Barclays Bank PLC Domestic Lending Office: Barclays Bank 222 Broadway 12th Floor New York, NY 10038 Eurodollar Lending Office: Same Canadian Imperial Bank Domestic Lending Office: of Commerce Canadian Imperial Bank of Commerce 425 Lexington Avenue Syndication Department 7th Floor New York, New York 10017 Eurodollar Lending Office: Same The Chase Manhattan Bank Domestic Lending Office: (National Association) The Chase Manhattan Bank (National Association) One Chase Manhattan Plaza New York, New York 10081 Eurodollar Lending Office: Same Credit Lyonnais Cayman Island Domestic Lending Office: Branch Credit Lyonnais 1301 Avenue of the Americas New York, New York 10019 Eurodollar Lending Office: Same I-3
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Bank The First National Bank of Boston Domestic Lending Office: The First National Bank of Boston 100 Federal Street Mailstop 01-08-08 Boston, MA 02110 Eurodollar Lending Office: Same The Fuji Bank, Limited Domestic Lending Office: The Fuji Bank, Limited Two World Trade Center 79th Floor New York, New York 10048 Eurodollar Lending Office: Same The Industrial Bank of Domestic Lending Office: Japan, Ltd. The Industrial Bank of Japan, Ltd. 245 Park Avenue New York, New York 10167 Eurodollar Lending Office: Same LTCB Trust Company Domestic Lending Office: LTCB Trust Company 165 Broadway 49th Floor New York, NY 10006 Eurodollar Lending Office: Same I-4
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Bank Mellon Bank, N.A. Domestic Lending Office: Mellon Bank, N.A. 3 Mellon Bank Center Room 2304 Pittsburgh, PA 15259 Eurodollar Lending Office: Same NationsBank of Texas N.A. Domestic Lending Office: NationsBank 901 Miami Street 67th Floor Dallas, TX 75202 Eurodollar Lending Office: Same Societe Generale Domestic Lending Office: Societe Generale 50 Rockefeller Plaza 5th Avenue 14th Floor New York, NY 10020 Eurodollar Lending Office: Same The Toronto-Dominion Bank Domestic Lending Office: The Toronto-Dominion Bank 909 Fannin Street Houston, TX 77010 Eurodollar Lending Office: Same I-5
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Bank Union Bank Domestic Lending Office: Union Bank of California 445 South Figuera Street 15th Floor Los Angeles, CA 90071 Eurodollar Lending Office: Same Credit Suisse Domestic Lending Office: Credit Suisse 12 East 49th Street New York, New York 10017 Eurodollar Lending Office: Same The Dai-Ichi Kangyo Bank Ltd., New Domestic Lending Office: York Branch The Dai-Ichi Kangyo Bank One World Trade Center Suite 4911 New York, NY 10048 Eurodollar Lending Office: Same The Mitsubishi Bank, Limited Domestic Lending Office: The Mitsubishi Bank, Ltd. New York Branch Two World Financial Center 225 Liberty Street New York, New York 10281 Eurodollar Lending Office: Same I-6
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Bank The Mitsubishi Trust & Banking Domestic Lending Office: Corporation The Mitsubishi Trust & Banking Corp. 520 Madison Avenue 26th Floor New York, NY 10022 Eurodollar Lending Office: Same Royal Bank of Canada Domestic Lending Office: Royal Bank of Canada New York Branch c/o Royal Bank of Canada New York Operations Center Pierrepont Plaza 300 Cadman Plaza West Brooklyn, New York 11201-2701 Eurodollar Lending Office: Same The Sanwa Bank, Ltd. Domestic Lending Office: The Sanwa Bank, Ltd. Park Avenue Plaza 55 East 52nd Street 24th Floor New York, New York 10055 Eurodollar Lending Office: Same I-7
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Bank The Sumitomo Bank, Limited, New York Domestic Lending Office: Branch The Sumitomo Bank, Limited, New York Branch One World Trade Center Suite 9651 New York, NY 10048 Eurodollar Lending Office: Same Union Bank of Switzerland Domestic Lending Office: Union Bank of Switzerland 299 Park Avenue 33rd Floor New York, NY 10171 Eurodollar Lending Office: Same Chemical Bank Domestic Lending Office: Chemical Bank 270 Park Avenue 10th Floor New York, New York 10172 Eurodollar Lending Office: Same Deutsche Bank AG Domestic Lending Office: Deutsche Bank 31 West 52nd Street 24th Floor New York, New York 10019 Eurodollar Lending Office: Same I-8
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Bank The Sakura Bank, Limited Domestic Lending Office: The Sakura Bank, Limited, New York Branch 277 Park Avenue 45th Floor New York, New York 10172 Eurodollar Lending Office: Same Compagnie Financiere de CIC Domestic Lending Office: et de l'Union Europeenne, New York Branch Compagnie Financiere de CIC et de l'Union Europeenne, New York Branch 520 Madison Avenue 37th Floor New York, New York 10022 Eurodollar Lending Office: Same PNC Bank N.A. Domestic Lending Office: PNC Bank N.A. Broad & Chestnut Streets P. O. Box 7648 Philadelphia, Pennsylvania 19101 Eurodollar Lending Office: Same First Interstate Bank of Washington, Domestic Lending Office: N.A. First Interstate Bank of Washington, N.A. 999 Third Avenue Mail Stop 984 Seattle, Washington 98104 Eurodollar Lending Office: Same I-9
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Gulf International Domestic Lending Office: Gulf International Bank 380 Madison Avenue New York, New York 10017 Eurodollar Lending Office: Same The Tokai Bank, Limited, Domestic Lending Office: New York Branch The Tokai Bank, Limited, New York Branch 55 East 52nd Street (Park Avenue Plaza) New York, New York 10055 Eurodollar Lending Office: Same The Yasuda Trust and Domestic Lending Office: Banking Co., Ltd., New York Branch The Yasuda Trust and Banking Co., Ltd., New York Branch 666 Fifth Avenue Suite 801 New York, New York 10103 Eurodollar Lending Office: Same I-10
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[Enlarge/Download Table] SCHEDULE II - PARENT FACILITY Short-Term Loan Revolving Loan Term Loan Total Commitment Commitment Commitment Commitment --------------- -------------- -------------- --------------- The Bank of New York $110,294,117.65 $79,411,764.71 $96,573,529.42 $286,279,411.78 Citibank, N.A. $110,294,117.64 $79,411,764.70 $96,573,529.44 $286,279,411.78 Morgan Guaranty Trust $110,294,117.65 $79,411,764.71 $96,573,529.42 $286,279,411.78 Company of New York Bank of America NT&SA $110,294,117.65 $79,411,764.71 $96,573,529.42 $286,279,411.78 Bank of Montreal $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 The Bank of Nova Scotia $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 The Bank of Tokyo Trust Company $68,220,715.01 $49,118,914.81 $59,734,058.06 $177,073,687.88 Barclays Bank PLC $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Canadian Imperial Bank $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 of Commerce The Chase Manhattan Bank N.A. $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Credit Lyonnais Cayman $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Island Branch The First National Bank of Boston $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 The Fuji Bank, Limited $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 The Industrial Bank of $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Japan, Ltd. LTCB Trust Company $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Mellon Bank, N.A. $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 NationsBank of Texas N.A. $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Societe Generale $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Toronto-Dominion Bank $90,960,953.35 $65,491,886.41 $79,645,410.75 $236,098,250.51 Union Bank $22,740,238.33 $16,372,971.60 $19,911,362.69 $59,024,562.62 Credit Suisse $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 The Dai-Ichi Kangyo Bank $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 The Mitsubishi Bank, Limited $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 The Mitsubishi Trust & $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 Banking Corporation Royal Bank of Canada $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 The Sanwa Bank, Ltd. $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 Sumitomo Bank, Limited, $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 New York Branch Union Bank of Switzerland $64,972,109.53 $46,779,918.86 $56,889,579.10 $168,641,607.49 Chemical Bank $36,764,705.88 $26,470,588.24 $32,191,176.47 $95,426,470.59 Deutsche Bank AG $36,764,705.88 $26,470,588.24 $32,191,176.47 $95,426,470.59 The Sakura Bank, Limited $27,573,529.41 $19,852,941.18 $24,143,382.35 $71,569,852.94 Compagnie Financiere de CIC $18,382,352.94 $13,235,294.12 $16,095,588.24 $47,713,235.30 et de L'Union Europeenne, New York Branch PNC Bank N.A. $18,382,352.94 $13,235,294.12 $16,095,588.24 $47,713,235.30 First Interstate Bank of $9,191,176.47 $6,617,647.06 $8,047,794.12 $23,856,617.65 Washington, N.A. Gulf International Bank $9,191,176.47 $6,617,647.06 $8,047,794.12 $23,856,617.65 The Tokai Bank, Limited, $9,191,176.47 $6,617,647.06 $8,047,794.12 $23,856,617.65 New York Branch The Yasuda Trust and Banking $9,191,176.47 $6,617,647.06 $8,047,794.12 $23,856,617.65 Co., Ltd., New York Branch $2,500,000,000.00 $1,800,000,000.00 $2,189,000,000.00 $6,489,000,000.00
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[Enlarge/Download Table] SCHEDULE II - SUBSIDIARY FACILITY Viacom CableVision of International Dayton, Inc. WNYT Inc. ------------- ------------- ------------- The Bank of New York $4,411,764.71 $2,514,705.87 $1,588,235.29 Citibank, N.A. $4,411,764.74 $2,514,705.87 $1,588,235.28 Morgan Guaranty Trust $4,411,764.71 $2,514,705.87 $1,588,235.29 Company of New York Bank of America NT&SA $4,411,764.71 $2,514,705.87 $1,588,235.29 Bank of Montreal $3,638,438.13 $2,073,909.74 $1,309,837.73 The Bank of Nova Scotia $3,638,438.13 $2,073,909.74 $1,309,837.73 The Bank of Tokyo Trust Company $2,728,828.60 $1,555,432.30 $982,378.30 Barclays Bank PLC $3,638,438.13 $2,073,909.74 $1,309,837.73 Canadian Imperial Bank $3,638,438.13 $2,073,909.74 $1,309,837.73 of Commerce The Chase Manhattan Bank N.A. $3,638,438.13 $2,073,909.74 $1,309,837.73 Credit Lyonnais Cayman $3,638,438.13 $2,073,909.74 $1,309,837.73 Island Branch The First National Bank of Boston $3,638,438.13 $2,073,909.74 81,309,837.73 The Fuji Bank, Limited $3,638,438.13 $2,073,909.74 $1,309,837.73 The Industrial Bank of $3,638,438.13 $2,073,909.74 $1,309,837.73 Japan, Ltd. LTCB Trust Company $3,638,438.13 $2,073,909.74 $1,309,837.73 Mellon Bank, N.A. $3,638,438.13 $2,073,909.74 $1,309,837.73 NationsBank of Texas N.A. $3,638,438.13 $2,073,909.74 $1,309,837.73 Societe Generale $3,638,438.13 $2,073,909.74 $1,309,837.73 Toronto-Dominion Bank $3,638,438.13 $2,073,909.74 $1,309,837.73 Union Bank $909,609.53 $518,477.43 $327,459.43 Credit Suisse $2,598,884.38 $1,481,364.10 $935,598.38 The Dai-Ichi Kangyo Bank $2,598,884.38 $1,481,364.10 $935,598.38 The Mitsubishi Bank, Limited $2,598,884.38 $1,481,364.10 $935,598.38 The Mitsubishi Trust & $2,598,884.38 $1,481,364.10 $935,598.38 Banking Corporation Royal Bank of Canada $2,598,884.38 $1,481,364.10 $935,598.38 The Sanwa Bank, Ltd. $2,598,884.38 $1,481,364.10 $935,598.38 Sumitomo Bank, Limited, $2,598,884.38 $1,481,364.10 $935,598.38 New York Branch Union Bank of Switzerland $2,598,884.38 $1,481,364.10 $935,598.38 Chemical Bank $1,470,588.24 $838,235.29 $529,411.76 Deutsche Bank AG $1,470,588.24 $838,235.29 $529,411.76 The Sakura Bank, Limited $1,102,941.18 $628,676.47 $397,058.82 Compagnie Financiere de CIC et $735,294.12 $419,117.65 $264,705.88 de L'Union Europeenne, New York Branch PNC Bank N.A. $735,294.12 $419,117.65 $264,705.88 First Interstate Bank of Washington, N.A. $367,647.06 $209,558.82 $132,352.94 Gulf International Bank $367,647.06 $209,558.82 $132,352.94 The Tokai Bank, Limited, $367,647.06 $209,558.82 $132,352.94 New York Branch The Yasuda Trust and Banking $367,647.06 $209,558.82 $132,352.94 Co., Ltd., New York Branch $100,000,000.00 $57,000,000.00 $36,000,000.00
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[Enlarge/Download Table] Total WMZQ Inc. WVIT Inc. Commitment --------- --------- ---------- The Bank of New York $2,250,000.00 $2,955,882.35 $13,720,588.22 Citibank, N.A. $2,250,000.00 $2,955,882.33 $13,720,588.22 Morgan Guaranty Trust $2,250,000.00 $2,955,882.35 $13,720,588.22 Company of New York Bank of America NT&SA $2,250,000.00 $2,955,882.35 $13,720,588.22 Bank of Montreal $1,855,603.45 $2,437,753.55 $11,315,542.60 The Bank of Nova Scotia $1,855,603.45 $2,437,753.55 $11,315,542.60 The Bank of Tokyo Trust Company $1,391,702.59 $1,828,315.16 $8,486,656.95 Barclays Bank PLC $1,855,603.45 $2,437,753.55 $11,315,542.60 Canadian Imperial Bank $1,855,603.45 $2,437,753.55 $11,315,542.60 of Commerce The Chase Manhattan Bank N.A. $1,855,603.45 $2,437,753.55 $11,315,542.60 Credit Lyonnais Cayman $1,855,603.45 $2,437,753.55 $11,315,542.60 Island Branch The First National Bank of Boston $1,855,603.45 $2,437,753.55 $11,315,542.60 The Fuji Bank, Limited $1,855,603.45 $2,437,753.55 $11,315,542.60 The Industrial Bank of $1,855,603.45 $2,437,753.55 $11,315,542.60 Japan, LTD. LTCB Trust Company $1,855,603.45 $2,437,753.55 $11,315,542.60 Mellon Bank, N.A. $1,855,603.45 $2,437,753.55 $11,315,542.60 NationsBank of Texas N.A. $1,855,603.45 $2,437,753.55 $11,315,542.60 Societe Generale $1,855,603.45 $2,437,753.55 $11,315,542.60 Toronto-Dominion Bank $1,855,603.45 $2,437,753.55 $11,315,542.60 Union Bank $463,900.87 $609,438.39 $2,828,885.65 Credit Suisse $1,325,431.03 $1,741,252.54 $8,082,530.43 The Dai-Ichi Kangyo Bank $1,325,431.03 $1,741,252.54 $8,082,530.43 The Mitsubishi Bank, Limited $1,325,431.03 $1,741,252.54 $8,082,530.43 The Mitsubishi Trust & $1,325,431.03 $1,741,252.54 $8,082,530.43 Banking Corporation Royal Bank of Canada $1,325,431.03 $1,741,252.54 $8,082,530.43 The Sanwa Bank, Ltd. $1,325,431.03 $1,741,252.54 $8,082,530.43 Sumitomo Bank, Limited, $1,325,431.03 $1,741,252.54 $8,082,530.43 New York Branch Union Bank of Switzerland $1,325,431.03 $1,741,252.54 $8,082,530.43 Chemical Bank $750,000.00 $985,294.12 $4,573,529.40 Deutsche Bank AG $750,000.00 $985,294.12 $4,573,529.40 The Sakura Bank Limited $562,500.00 $738,970.59 $3,430,147.06 Compagnie Financiere de $375,000.00 $492,647.06 $2,286,764.71 CIC et de L'Union Europeenne, New York Branch PNC Bank N.A. $375,000.00 $492,647.06 $2,286,764.71 First Interstate Bank of Washington, N.A. $187,500.00 $246,323.53 $1,143,382.35 Gulf International Bank $187,500.00 $246,323.53 $1,143,382.35 The Tokai Bank, Limited, $187,500.00 $246,323.53 $1,143,382.35 New York Branch The Yasuda Trust and Banking $187,500.00 $246,323.53 $1,143,382.35 Co., Ltd., New York Branch $51,000,000.00 $67,000,000.00 $311,000,000.00
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AMENDMENT This Amendment ("Amendment"), dated as of May 15, 1995, shall be: AMENDMENT NO. 3 to the $6.489 BILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended as of August 5, 1994 by Amendment No. 1 and as of September 29, 1994 by Amendment No. 2 (the "Parent Facility"), among VIACOM INC., a Delaware corporation ("Viacom"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents; and AMENDMENT NO. 2 to the $311 MILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended as of August 5, 1994 by Amendment No. 1 (the "Subsidiary Facility"), among VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC., WVIT INC. and VIACOM INTERNATIONAL INC., each a Delaware corporation (collectively, "Subsidiary Borrowers"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. W I T N E S S E T H: WHEREAS, Viacom and the Subsidiary Borrowers have requested certain amendments to be made to certain provisions of the Parent Facility and the Subsidiary Facility, respectively; and WHEREAS, the parties who have heretofore entered into the Parent Facility and the Subsidiary Facility now desire to amend such provisions of such agreements. NOW, THEREFORE, the parties hereto agree as follows:
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SECTION 1. Amendments. (a) The definition of EBIDT in Section 1.1 of the Parent Facility is hereby amended by: (i) deleting clause (a)(ii) in its entirety and replacing it with the following: "(ii) amortization expense (including all amortization expenses recognized in accordance with APB 16 and 17 but excluding (A) all other amortization of programming, production and pre-publication costs and (B) amortization of videocassettes)"; and (ii) deleting the phrase ", less (c) Net Video Tape Purchases" after the word "definition" at the end of clause (b). (b) Section 1.1 of the Parent Facility is hereby amended to delete the definition of Net Video Tape Purchases. (c) The definition of "Applicable Eurodollar Rate Margin" in Section 1.1 of each of the Parent Facility and the Subsidiary Facility is hereby amended by deleting the first proviso in its entirety and replacing it with the following: "provided, however, that if the ratings assigned by S&P and Moody's shall differ, the Credit Rating shall be the rating which is the higher rating". (d) Section 2.3 (b) of the Parent Facility is hereby amended by: (i) inserting the words "or Capital Market Transaction date" after the words "related sale date" in clause (y) thereof; (ii) deleting the number $250 million in clause (y)(C) thereof and replacing it with the number $500 million; (iii) replacing the word "reinvested", wherever it appears therein, with the words "used to acquire assets"; 2
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(iv) replacing the word "reinvestment", in the first place it appears therein, with the words "use for acquisitions"; and (v) replacing the words "reinvestment of Net Cash Proceeds" with the words "use of Net Cash Proceeds for acquisitions". (e) Each of Section 5.4 (a) of the Parent Facility and Section 3.4 (a) of the Subsidiary Facility is hereby amended by deleting the proviso in its entirety and replacing it with the following: "provided, however, that if the ratings assigned by S&P and Moody's shall differ, the Credit Rating shall be the rating which is the higher rating". (f) Section 10.6 of the Parent Facility is hereby amended by replacing it in its entirety with the following: "10.6. Subsidiary Indebtedness. The Borrower shall not permit any of its Subsidiaries, other than a Guarantor Subsidiary, to incur Indebtedness for borrowed money other than (a) the Subsidiary Loans (as defined in the Subsidiary Facility), (b) under existing facilities identified on Schedule 10.6 to Amendment No. 2 to this Agreement or any replacement facilities thereto which in the aggregate do not exceed the amounts of the commitments on such Schedule and (c) Indebtedness for borrowed money in an aggregate amount at any time outstanding of not more than $25 million for all of its Subsidiaries other than a Guarantor Subsidiary". (g) Section 7.4 of the Subsidiary Facility is hereby amended by adding after the word "Agreement" the phrase "and other than Indebtedness permitted pursuant to Section 10.6 of the Parent Facility". (h) Each of Section 10.7 of the Parent Facility and Section 7.5 of the Subsidiary Facility is hereby amended by inserting the following after the words "Commercial Paper" in the parentheses: "and up to $500 million of Indebtedness with maturities of no less than seven years from the date such Indebtedness is incurred". 3
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SECTION 2. Effectiveness. This Amendment will be effective upon the execution hereof by each of Viacom, each Subsidiary Borrower, the Guarantor Subsidiary and (i) except in the case of the amendments contained in Sections 1(c) and (e) hereof, the Majority Banks and (ii) in the case of the amendments contained in Sections 1(c) and (e) hereof, each of the Banks. SECTION 3. Representations and Warranties. Each of Viacom, the Subsidiary Borrowers and the Guarantor Subsidiary hereby represents and warrants that as of the date hereof, both before and after giving effect to this Amendment, no Default or Event of Default shall exist or be continuing under the Parent Facility or the Subsidiary Facility. SECTION 4. Miscellaneous. (a) Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in each of the Parent Facility and the Subsidiary Facility. (b) Except as amended hereby, all of the terms of each of the Parent Facility and the Subsidiary Facility shall remain and continue in full force and effect and are hereby confirmed in all respects. (c) This Amendment shall be a Loan Document for the purposes of the Parent Facility and the Subsidiary Facility. (d) This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto were upon the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. (e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 5. Guarantor Subsidiary Confirmation. By signing below, the Guarantor Subsidiary hereby agrees to the terms of the foregoing Amendment and confirms that the VII Guarantee remains in full force and effect. 4
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SECTION 6. Viacom Inc. Confirmation. By signing below, Viacom Inc., as guarantor under the Parent Guarantee ("Parent Guarantor"), hereby agrees to the terms of the foregoing Amendment and confirms that the Parent Guarantee remains in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. VIACOM INC., as Borrower and as Parent Guarantor By: /s/ Vaughn A. Clark ---------------------------- Name: Vaughn A. Clark Title: Senior Vice President, Treasurer VIACOM INTERNATIONAL INC., as a Subsidiary Borrower and as a Guarantor Subsidiary By: /s/ Vaughn A. Clark ---------------------------- Name: Vaughn A. Clark Title: Senior Vice President, Treasurer On behalf of the following Subsidiary Borrowers: VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC. and WVIT INC. By: /s/ Vaughn A. Clark ---------------------------- Name: Vaughn A. Clark Title: Senior Vice President, Treasurer 5
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Managing Agents THE BANK OF NEW YORK, as Managing Agent, the Documentation Agent and a Bank By: /s/ Geoffrey C. Brooks ---------------------------- Name: Geoffrey C. Brooks Title: Vice President CITIBANK, N.A., as Managing Agent, the Administrative Agent and a Bank By: /s/ Margaret C. Ullrich ---------------------------- Name: Margaret C. Ullrich Title: Vice President MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Managing Agent and a Bank By: /s/ Mathias Blumschein ---------------------------- Name: Mathias Blumschein Title: Associate BANK OF AMERICA NT&SA, as Managing Agent and a Bank By:/s/ Amy S. Trapp ---------------------------- Name: Amy S. Trapp Title: Vice President 6
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Agents BANK OF MONTREAL, as Agent and a Bank By: /s/ Yvonne Bos ---------------------------- Name: Yvonne Bos Title:Managing Director THE BANK OF NOVA SCOTIA, as Agent and a Bank By: /s/ Vince J. Fitzgerald ---------------------------- Name: Vince J. Fitzgerald Title: Senior Relationship Mgr. BANK OF TOKYO TRUST COMPANY, as Agent and a Bank By: /s/ Charles Poer ---------------------------- Name: Charles Poer Title: Vice President & Manager BARCLAYS BANK PLC, as Agent and a Bank By: /s/ Michael W. Ballard ---------------------------- Name: Michael W. Ballard Title:Associate Director CANADIAN IMPERIAL BANK OF COMMERCE, as Agent and a Bank By:/s/ John Tyler ---------------------------- Name: John Tyler Title: Vice President 7
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THE CHASE MANHATTAN BANK (NATIONAL ASSOCIATION), as Agent and a Bank By: /s/ Bruce Longenkamp ---------------------------- Name: Bruce Longenkamp Title:Vice President CREDIT LYONNAIS CAYMAN ISLAND BRANCH, as Agent and a Bank By: /s/ M. Bernadette Collins ---------------------------- Name: M. Bernadette Collins Title:Authorized Signature THE FIRST NATIONAL BANK OF BOSTON, as Agent and a Bank By: /s/ Mary M. Barcus ---------------------------- Name: Mary M. Barcus Title: Vice President THE FUJI BANK, LIMITED, as Agent and a Bank By: /s/ Kazuaki Kitabatake ---------------------------- Name: Kazuaki Kitabatake Title:Joint General Manager THE INDUSTRIAL BANK OF JAPAN, LTD., as Agent and a Bank 8
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By: /s/ Jeffrey Cole ---------------------------- Name: Jeffrey Cole Title:Senior Vice President LTCB TRUST COMPANY, as Agent and a Bank By: /s/ John A. Krob ---------------------------- Name: John A. Krob Title: Senior Vice President MELLON BANK, N.A., as Agent and a Bank By: /s/ G. Luis Ashley ---------------------------- Name: G. Luis Ashley Title: First Vice President NATIONSBANK OF TEXAS, N.A., as Agent and a Bank By: /s/ Chad E. Coben ---------------------------- Name: Chad E. Coben Title: Vice President SOCIETE GENERALE, as Agent and a Bank By: /s/ Pascale Hainline ---------------------------- Name: Pascale Hainline Title:Vice President 9
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THE TORONTO-DOMINION BANK, as Agent and a Bank By: /s/ Neva Nesbitt ---------------------------- Name: Neva Nesbitt Title:Manager Credit Admin. UNION BANK, as Agent and a Bank By: /s/ J. Kevin Sampson ---------------------------- Name: J. Kevin Sampson Title: Co-Agents CREDIT SUISSE, as Co-Agent and a Bank By: /s/ Michael C. Mast ---------------------------- Name: Michael C. Mast Title: Member of Senior Management By: /s/ Kristina Catlin ---------------------------- Name: Kristina Catlin Title: Associate THE DAI-ICHI KANGYO BANK LTD., NEW YORK BRANCH, as Co-Agent and a Bank By: /s/ Shinya Wako ---------------------------- Name: Shinya Wako Title:Senior Vice President and Department Head 10
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THE MITSUBISHI BANK, LIMITED, as Co-Agent and a Bank By: /s/ Paula Mueller ---------------------------- Name: Paula Mueller Title: Vice President THE MITSUBISHI TRUST & BANKING CORPORATION, as Co-Agent and a Bank By: /s/ Patricia Loret de Mola ---------------------------- Name: Patricia Loret de Mola Title: Senior Vice President ROYAL BANK OF CANADA, as Co-Agent and a Bank By: /s/ Eduardo Salazar ---------------------------- Name: Eduardo Salazar Title: Senior Manager THE SANWA BANK, LTD., as Co-Agent and a Bank By: /s/ Dominic J. Sorresso ---------------------------- Name: Dominic J. Sorresso Title:Vice President THE SUMITOMO BANK, LIMITED, NEW YORK BRANCH, as Co-Agent and a Bank By: /s/ Shuntaro Hisashi ---------------------------- Name: Shuntaro Hisashi Title: Joint General Manager 11
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UNION BANK OF SWITZERLAND, as Co-Agent and a Bank By: /s/ James P. Kelleher ---------------------------- Name: James P. Kelleher Title: Assistant Vice President By: /s/ Peter B. Yearley ---------------------------- Name: Peter B. Yearley Title: Vice President Syndication Agent JP MORGAN SECURITIES INC., as the Syndication Agent By: /s/ Barbara J. Asch ---------------------------- Name: Barbara J. Asch Title:Vice President Lead Managers CHEMICAL BANK, as Lead Manager and a Bank By: /s/ Mary E. Cameron ---------------------------- Name: Mary E. Cameron Title: Vice President 12
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DEUTSCHE BANK AG, through its New York and/or Cayman Islands Branch, as Lead Manager and a Bank By: /s/ Steven M. Godeke ---------------------------- Name: Steven M. Godeke Title: Vice President By: /s/ Bina R. Dabbah ---------------------------- Name: Bina R. Dabbah Title: Vice President Participants THE SAKURA BANK, LIMITED By: /s/ Hiroshi Shimazaki ---------------------------- Name: Hiroshi Shimazaki Title: Senior Vice President and Manager COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE, NEW YORK BRANCH By:/s/ Brian O'Leary/Marcus Edward -------------------------------- Name: Brian O'Leary/Marcus Edward Title: Vice Presidents PNC BANK N.A. By: /s/ Karen M. Wolters ---------------------------- Name: Karen M. Wolters Title: Vice President 13
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FIRST INTERSTATE BANK OF WASHINGTON, N.A. By:/s/ Susan Hendrixson ---------------------------- Name: Susan Hendrixson Title: Vice President GULF INTERNATIONAL BANK By:/s/ Abdel-Fattah Tahoun ---------------------------- Name: Abdel-Fattah Tahoun Title: Senior Vice President By:/s/ Haytham F. Khalil ---------------------------- Name: Haytham F. Khalil Title: Assistant Vice President THE TOKAI BANK, LIMITED, NEW YORK BRANCH By: /s/ Masaharu Muto ---------------------------- Name: Masaharu Muto Title: Deputy General Manager THE YASUDA TRUST AND BANKING CO., LTD., NEW YORK BRANCH By:/s/ Neil T. Chau ---------------------------- Name: Neil T. Chau Title: First Vice President 14
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BANK BRUSSELS LAMBERT, NEW YORK BRANCH By: /s/ Denise Isherwood By: /s/ Eric Hollanders --------------------- ----------------------------- Name: Denise Isherwood Name: Eric Hollanders Title: Assistant Vice Title: Senior Vice President President Credit Department BANQUE FRANCAISE DU COMMERCE EXTERIEUR, NEW YORK BRANCH By: /s/ Peter K. Harris ---------------------------- Name: Peter K. Harris Title: Vice President By: /s/ William Marer ---------------------------- Name: William Marer Title: Vice President/Manager DEN DANSKE BANK By: /s/ George Wendell ---------------------------- Name: George Wendell Title: Vice President By: /s/ Mogens Sondergaard ---------------------------- Name: Mogens Sondergaard Title: Vice President FIRST UNION NATIONAL BANK OF NORTH CAROLINA By: /s/ William F. Laponte, III ---------------------------- Name: William F. Laponte, III Title: Vice President 15
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NIPPON CREDIT BANK, LTD., LOS ANGELES AGENCY By: /s/ Bernardo E. Correa-Henschke -------------------------------- Name: Bernardo E. Correa-Henschke Title: Vice President and Manager SHAWMUT BANK CONNECTICUT, N.A. By: /s/ Robert F. West ---------------------------- Name: Robert F. West Title: Director VAN KAMPEN PRIME RATE INCOME TRUST By: /s/ Jeffrey W. Maillet ---------------------------- Name: Jeffrey W. Maillet Title: Vice President & Portfolio Mgr. FIRST HAWAIIAN BANK By: /s/ William B. Schink ---------------------------- Name: William B. Schink Title: Vice President BAYERISCHE VEREINS BANK, A.G. By: /s/ John Carlson ---------------------------- Name: John Carlson Title: Vice President By: /s/ Sylvia Cheng ---------------------------- Name: Sylvia Cheng Title: Vice President BANK OF HAWAII By: /s/ J. Bryan Scearce ---------------------------- Name: J. Bryan Scearce Title: Associate Vice President 16
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THE SUMITOMO TRUST BANKING COMPANY, LTD. By: /s/ Suraj P. Bhatia ---------------------------- Name: Suraj P. Bhatia Title: Senior Vice President Manager, Corp. Finance 17
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AMENDMENT This Amendment ("Amendment"), dated as of November 17, 1995, shall be: AMENDMENT NO. 4 to the $6.489 BILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended, ("Parent Facility") among VIACOM INC., a Delaware corporation ("Viacom"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. AMENDMENT NO. 3 to the $311 MILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended, (the "Subsidiary Facility") among VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC., WVIT INC., AND VIACOM INTERNATIONAL INC., each a Delaware corporation (collectively "Subsidiary Borrowers"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents of the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. WITNESSETH: WHEREAS, Viacom, Viacom International Inc., a wholly-owned subsidiary of Viacom ("VII"), Viacom International Services Inc., a wholly-owned subsidiary of VII ("VII Services"), Tele-Communications Inc. ("TCI"), and TCI Communications Inc. ("TCI Sub"), a wholly -owned subsidiary of TCI, have entered into a series of agreements ("the Transaction Documents", which are listed on Schedule I attached hereto) pursuant to which (i) VII will convey to VII Services proceeds from the $1.7 billion bank debt described below and all of its assets relating to business operations other than the cable television business (the "Non Cable Businesses"), and VII Services will assume all of VII's liabilities (including its existing public debt and bank debt) other than the $1.7 Billion bank debt described below and liabilities relating to the cable television business (the "Cable Business"), (ii) VII will distribute the stock of VII Services to Viacom (the "First Distribution"), (iii) VII, after giving
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effect to the First Distribution, will be solely engaged in the Cable Business and VII will be recapitalized with new VII Class A common stock, (iv) the Class A common stock of VII will be split off to the shareholders of Viacom in an exchange offer (the "Exchange Offer") in which shares of Viacom common stock will be exchanged for shares of VII Class A common stock, (v) VII prior to the expiration of the Exchange Offer will borrow $1.7 billion from a syndicate of lenders, the proceeds of which will be deposited in a secured collateral account until the date of consummation of the Exchange Offer when VII will transfer such proceeds to VII Services as described above, and (vi) immediately after the split off, TCI has agreed to purchase Class B common stock of VII and the Class A common stock will be automatically converted upon such purchase into preferred stock, and (vii) VII will no longer be a subsidiary of Viacom and will be renamed TCI Pacific Communications Inc. and VII Services will be renamed Viacom International Inc. (collectively the "Cable Transaction"); and WHEREAS, Viacom and the Subsidiary Borrowers have requested certain amendments to be made to and certain consents obtained with respect to certain provisions of the Parent Facility and the Subsidiary Facility, respectively; and WHEREAS, the parties who have heretofore entered into the Parent Facility and the Subsidiary Facility now desire to amend certain provisions of such agreements and for the Majority Banks to consent to the waiver of the application of certain other provisions in connection with the Cable Transaction, NOW THEREFORE, the parties hereto agree as follows: SECTION 1. Amendments. (a) The definition of Net Cash Proceeds in Section 1.1 of the Parent Facility is hereby amended by adding the following provisions: "(v) with reference to proceeds from any sale of Spelling Entertainment Group Inc., the net amount paid by the Borrower for the portion of Virgin Interactive Entertainment Limited ("VIEL") not theretofore directly or indirectly owned by the Borrower, and (vi) with reference to proceeds from any sale of Spelling Entertainment Group Inc., that portion of the Net Cash Proceeds attributable to repayment of Indebtedness owed by Spelling Entertainment Group Inc. to the Borrower;" 2
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(b) Section 2.3 (b) of the Parent Facility is hereby amended by replacing it in its entirety with the following: "2.3(b) Mandatory Reductions. The Borrower shall reduce the Short-Term Loan Commitment of each Bank by (i) each Bank's Ratable Portion of the amount received by the Borrower from VII Services representing the loan proceeds from VII in connection with the consummation of the Exchange Offer (the "Cable Transaction Effective Date") and (ii) in the event that the Cable Transaction Effective Date has not occurred by May 31, 1996, by each Bank's Ratable Portion of the amount by which any Net Cash Proceeds received by the Borrower from the sale of Spelling Entertainment Group Inc. (or any of its subsidiaries other than VIEL) exceed $150 million. After the Short-Term Loan Commitments have been reduced to $0 and all Short-Term Loans have been repaid, no mandatory reductions of any Commitment shall be required from Net Cash Proceeds". (c) Section 10.6 of the Parent Facility is hereby amended by replacing it in its entirety with the following: "10.6. Subsidiary Indebtedness. The Borrower shall not permit any of its Subsidiaries, other than the Guarantor Subsidiary, to incur Indebtedness for borrowed money other than (a) the Subsidiary Loans (as defined in the Subsidiary Facility), (b) under existing facilities identified on Schedule 10.6 to this Amendment No. 4 or any replacement facilities thereto which in the aggregate do not exceed the amounts of the commitments on such Schedule and (c) Indebtedness for borrowed money in an aggregate amount at any time outstanding of not more than $300 million; provided, however, the aggregate amount of Indebtedness for borrowed money scheduled to mature earlier than six months after the Commitment Termination Date at any time permitted to be outstanding under 10.6(c) and 10.7(b) may not exceed $300 million." (d) Section 10.7 of the Parent Facility is hereby amended by replacing it in its entirety with the following: "10.7. Other Restrictions on Indebtedness. The Borrower shall not, and shall not permit the Guarantor Subsidiary to, incur Indebtedness for borrowed money maturing earlier than six months after the Commitment Termination Date other than (a) Commercial Paper and (b) up to $300 million at any time outstanding (less the aggregate amount outstanding under 10.6(c) 3
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scheduled to mature earlier than six months after the Commitment Termination Date) and on terms no more onerous than the terms hereof". (e) Section 7.5 of the Subsidiary Facility is hereby amended by replacing it in its entirety with the following: "7.5 Other Restrictions on Indebtedness. No Subsidiary Borrower shall incur Indebtedness for borrowed money maturing earlier than six months after the Commitment Termination Date other than (a) Commercial Paper and (b) up to $300 million at any time outstanding (less the aggregate amount outstanding scheduled to mature earlier than six months after the Commitment Termination Date under 10.6(c) of the Parent Facility)". (f) Section 13.1 of the Parent Facility is hereby amended by deleting the word "or" preceding clause (f) thereof and inserting the following new clause (g): "or (g) amend clause (i) of Section 13.6". (g) Section 10.1 of the Subsidiary Facility is hereby amended by deleting the word "or" preceding clause (f) and inserting the following new clause (g): "or (g) amend clause (i) of Section 10.6". (h) Clause (i) of Section 13.6 of the Parent Facility is hereby amended to read in its entirety as follows: "the Borrower shall have no right to assign its rights or obligations hereunder or any interest herein (and any such purported assignment shall be void) without the prior consent of the Banks except in connection with any (x) merger or consolidation permitted under Section 10.2 or (y) merger, consolidation or sale of assets consented to by the Majority Banks". (i) Clause (i) of Section 10.6 of the Subsidiary Facility is hereby amended to read in its entirety as follows: "no Subsidiary Borrower shall have the right to assign its rights or obligations hereunder or any interest herein (and any such purported assignment shall be void) without the prior consent of the Banks, except in connection with any (x) merger or consolidation permitted under Section 10.2 of the Parent Facility or (y) merger, consolidation or sale of assets consented to by the Majority Banks". SECTION 2. Consents. In connection with the Cable Transaction: 4
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(a) On the Cable Transaction Effective Date, the Guarantor Subsidiary may assign all of its rights and obligations under the VII Guaranty to VII Services (which will change its name to Viacom International Inc.) if in connection therewith VII Services (i) assumes all of the obligations of VII under the VII Guaranty and (ii) receives an assignment of the Non Cable Businesses. VII Services will become the Guarantor Subsidiary and VII will be released from all of its obligations thereunder. (b) On the Cable Transaction Effective Date, the Subsidiary Loan made to VII under the Subsidiary Facility may be assigned to VII Services if in connection therewith VII Services (i) assumes all of the obligations of VII under the Subsidiary Loan and (ii) receives an assignment of the Non Cable Businesses. VII Services will become a Subsidiary Borrower under the Subsidiary Facility and VII will be released from all of its obligations thereunder. (c) Prior to the expiration of the Exchange Offer, VII may borrow $1.7 billion from a syndicate of banks on terms permitted pursuant to the Transaction Documents substantially in the form of those in effect at the date hereof and may grant such banks a Lien on such funds until they are released to VII Services on the date of consummation of the Exchange Offer and a lien on rights under the Subscription Agreement referred to in Schedule I. (d) After the Cable Transaction Effective Date, VII Services may hold certain cable franchises for the benefit of VII until regulatory approvals are obtained and may assign the receivables related to such franchises to the banks lending to VII. (e) For purposes of the Parent Facility and the Subsidiary Facility, the $1.7 Billion loan to VII shall not be considered Indebtedness of the Borrower or a Subsidiary Borrower. Upon the execution and delivery hereof of the Majority Banks, the Majority Banks shall have consented to each of the foregoing relating to the Cable Transaction and, to the extent any of the matters described in (a) - (e) above are otherwise inconsistent with the terms of the Parent Facility or Subsidiary Facility, as hereby amended, this Amendment shall constitute a waiver of the provisions thereof to the extent necessary to permit the Cable Transaction. 5
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SECTION 3. Assumption of Liabilities. As of the Cable Transaction Effective Date, VII Services hereby expressly assumes and agrees to pay, satisfy and perform when due all liabilities of VII under each Loan Document to which VII is a party. For purposes of clarity, VII's obligations under the $1.7 billion of bank debt described above will not be assumed by VII Services. SECTION 4. Effectiveness. This Amendment will be effective upon the execution hereof by each of Viacom, each Subsidiary Borrower, VII and VII Services and the Majority Banks. SECTION 5. Representations and Warranties. Each of Viacom, the Subsidiary Borrowers and the Guarantor Subsidiary hereby represents and warrants that (i) as of the date hereof, both before and after giving effect to this Amendment, and (ii) as of the date of, and after giving effect to consummation of, the Cable Transaction, no Default or Event of Default shall exist or be continuing under the Parent Facility or the Subsidiary Facility. SECTION 6. Miscellaneous. (a) Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in each of the Parent Facility and the Subsidiary Facility. (b) Except as amended or waived hereby, all of the terms of each of the Parent Facility and the Subsidiary Facility shall remain and continue in full force and effect and are hereby confirmed in all respects. (c) This Amendment shall be a Loan Document for the purposes of the Parent Facility and the Subsidiary Facility. (d) This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto were upon the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. (e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 7. Covenant. Viacom shall within two Business Days following 6
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the Cable Transaction Effective Date deliver to the Documentation Agent, dated as of the Cable Transaction Effective Date, as to VII Services only: (i) each of the documents referred to in Section 6.1(a), (b) and (c) of the Parent Facility; (ii) each of the documents referred to in Section 4.1(a), (b) and (c) of the Subsidiary Facility; (iii) a favorable opinion of Shearman & Sterling, special counsel to the Loan Parties, with respect to this Amendment substantially to the same effect as contemplated by paragraph 1 of Exhibit E-1 to the Parent Agreement and paragraph 1 of Exhibit E-1 to the Subsidiary Agreement; and (iv) a favorable opinion of Philippe P. Dauman, General Counsel to the Loan Parties, with respect to this Amendment substantially to the same effect as contemplated by paragraphs 1 - 6 of Exhibit E-2 to the Parent Agreement and paragraphs 1 - 6 of Exhibit E-2 to the Subsidiary Agreement. SECTION 8. Guarantor Subsidiary Confirmation. By signing below, the Guarantor Subsidiary hereby agrees to the terms of the foregoing Amendment and confirms that the VII Guarantee remains in full force and effect. SECTION 9. Viacom Inc. Confirmation. By signing below, Viacom Inc., as guarantor under the Parent Guaranty ("Parent Guarantor"), hereby agrees to the terms of the foregoing Amendment and confirms that the Parent Guaranty remains in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. VIACOM INC., as Borrower and Parent Guarantor By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President 7
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VIACOM INTERNATIONAL INC., as a Subsidiary Borrower and as a Guarantor Subsidiary By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President On behalf of the following Subsidiary Borrowers: VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC. and WVIT INC., By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President VIACOM INTERNATIONAL SERVICES INC. By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President CREDIT SUISSE By:/s/ J. Hamilton Crawford -------------------------------- Name: J. Hamilton Crawford Title: Associate By:/s/ Michael C. Mast -------------------------------- Name: Michael C. Mast Title: Member of Senior Mgmt. SOCIETE GENERALE By:/s/ Elaine I. Khalil -------------------------------- Name: Elaine I. Khalil Title: Vice President 8
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THE BANK OF NEW YORK By:/s/ Geoffrey C. Brooks -------------------------------- Name: Geoffrey C. Brooks Title: Vice President THE BANK OF TOKYO TRUST COMPANY By:/s/ John P. Judge -------------------------------- Name: John P. Judge Title: Vice President FIRST INTERSTATE BANK OF WASHINGTON By:/s/ Susan Hendrixson -------------------------------- Name: Susan Hendrixson Title: Vice President UNION BANK OF SWITZERLAND By:/s/ Stephen A. Cayer -------------------------------- Name: Stephen A. Cayer Title: Assistant Treasurer By:/s/ Peter B. Yearly -------------------------------- Name: Peter B. Yearly Title: Vice President THE YASUDA TRUST & BANKING CO., LTD By:/s/ Gerald Gill -------------------------------- Name: Gerald Gill Title: Vice President 9
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BAYERISCHE VEREINSBANK AG By:/s/ John Carlson -------------------------------- Name: John Carlson Title: Vice President By:/s/ Sylvia Chang -------------------------------- Name: Sylvia Chang Title: Vice President MITSUBISHI BANK, LTD. By:/s/ Paula Mueller -------------------------------- Name: Paula Mueller Title: THE MITSUBISHI TRUST AND BANKING CORPORATION By:/s/ Patricia Loret De Mola -------------------------------- Name: Patricia Loret De Mola Title: Senior Vice President NATWEST BANK, N.A. By:/s/ Michael A. Cerullo -------------------------------- Name: Michael A. Cerullo Title: Vice President 10
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GULF INTERNATIONAL BANK BSC By:/s/ Haytham F. Halil -------------------------------- Name: Haytham F. Halil Title: Assistant Vice President By:/s/ Abdel-Fattah Tahoun -------------------------------- Name: Haytham F. Halil Title: Senior Vice President PNC BANK, NATIONAL ASSOCIATION By:/s/ Karen M. Wolters -------------------------------- Name: Karen M. Wolters Title: Vice President THE SUMITOMO BANK, LTD. By:/s/ S. Higashi -------------------------------- Name: S. Higashi Title: Joint General Manager THE SUMITOMO TRUST AND BANKING CO., LTD. By:/s/ Suraj P. Bhatia -------------------------------- Name: Suraj P. Bhatia Title: Senior Vice President Mgr. Corp. Finance Dept. CORESTATES BANK, N.A. By:/s/ Edward L. Kittrell -------------------------------- Name: Edward L. Kittrell Title: Vice President 11
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BANQUE FRANCAISE DU COMMERCE EXTERIEUR By:/s/ Peter Karl Harris -------------------------------- Name: Peter Karl Harris Title: Vice President By:/s/ William C. Maier -------------------------------- Name: William C. Maier Title: VP-Group Manager THE SAKURA BANK, LTD. By:/s/ Hiroshi Shimazaki -------------------------------- Name: Hiroshi Shimazaki Title: Senior Vice President & Manager DEN DANSKE BANK By:/s/ Mogens Sondergaard -------------------------------- Name: Mogens Sondergaard Title: Vice President By:/s/ Bent V. Christensen -------------------------------- Name: Bent V. Christensen Title: Vice President THE INDUSTRIAL BANK OF JAPAN, LTD. By:/s/ Jeffrey Cole -------------------------------- Name: Jeffrey Cole Title: Senior Vice President 12
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ROYAL BANK OF CANADA By:/s/ Cynthia K. Wong -------------------------------- Name: Cynthia K. Wong Title: Manager THE SANWA BANK, LTD. By: /s/ Dominic J. Sorresso -------------------------------- Name: Dominic J. Sorresso Title: Vice President TOKAI BANK, LTD. By:/s/ Stuart Schulman -------------------------------- Name: Stuart Schulman Title: Senior Vice President CHEMICAL BANK By:/s/ John J. Huber III -------------------------------- Name: John J. Huber III Title: Managing Director THE DAI-CHI KANGYO BANK, LTD. By:/s/ Ronald Wolinsky -------------------------------- Name: Ronald Wolinsky Title: Vice President & Group Leader 13
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FIRST HAWAIIAN BANK By:/s/ William B. Schink -------------------------------- Name: William B. Schink Title: Vice President MORGAN GUARANTY TRUST COMPANY OF NEW YORK By:/s/ R. BLake Witherington -------------------------------- Name: R. BLake Witherington Title: Vice President CITIBANK, N.A. By:/s/ Margaret C. Ullrich -------------------------------- Name: Margaret C. Ullrich Title: Vice President THE NIPPON CREDIT BANK, LTD. By:/s/ Bernardo E. Correa-Henschke -------------------------------- Name: Bernardo E. Correa-Henschke Title: Vice President & Manager RIGGS NATIONAL BANK By:/s/ David H. Olson -------------------------------- Name: David H. Olson Title: Vice President 14
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FIRST UNION NATIONAL BANK OF NORTH CAROLINA By:/s/ Jim F. Redman -------------------------------- Name: Jim F. Redman Title: Senior Vice President MELLON BANK, N.A. By: /s/ G. Luis Ashley -------------------------------- Name: G. Luis Ashley Title: First Vice President COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPENNE By:/s/ Brian O'Leary -------------------------------- Name: Brian O'Leary Title: Vice President By:/s/ Marcus Edward -------------------------------- Name: Marcus Edward Title: Vice President VAN KAMPEN AMERICAN CAPITAL PRIME RATE INCOME TRUST By:/s/ Jeffrey W. Maillet -------------------------------- Name: Jeffrey W. Maillet Title: Sr. Vice Pres. & Portfolio Manager 15
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CIBC, INC. By:/s/ John Tyler -------------------------------- Name: John Tyler Title: Vice President THE CHASE MANHATTAN BANK By:/s/ Bruce Langenkamp -------------------------------- Name: Bruce Langenkamp Title: Vice President THE BANK OF NOVA SCOTIA By:/s/ Vincent Fitzgerald, Jr. -------------------------------- Name: Vincent Fitzgerald, Jr. Title: Authorized Signatory THE FUJI BANK, LTD. By:/s/ Katsunori Nozawa -------------------------------- Name: Katsunori Nozawa Title: Vice President & Manager THE LONG-TERM CREDIT BANK OF JAPAN, LTD. By:/s/ John A. Krob -------------------------------- Name: John A. Krob Title: Deputy General Manager 16
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BANQUE NATIONALE DE PARIS By:/s/ John S. Mitchell -------------------------------- Name: John S. Mitchell Title: Vice President By:/s/ Nancy Stengel -------------------------------- Name: Nancy Stengel Title: Assistant Treasurer BANK OF HAWAII By:/s/ J. Bryan Scearce -------------------------------- Name: J. Bryan Scearce Title: Vice President BANK OF AMERICA By:/s/ Amy S. Trapp -------------------------------- Name: Amy S. Trapp Title: Vice President NATIONSBANK OF TEXAS, N.A. By:/s/ Chad E. Coben -------------------------------- Name: Chad E. Coben Title: Vice President 17
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DEUTSCHE BANK By:/s/ Steven M. Godeke -------------------------------- Name: Steven M. Godele Title: Vice President By:/s/ Bina R. Dabbah -------------------------------- Name: Bina R. Dabbah Title: Vice President UNION BANK By:/s/ Gabriel A. Renga -------------------------------- Name: Gabriel A. Renga Title: Senior Vice President THE TORONTO DOMINION BANK By:/s/ Neva Nesbitt -------------------------------- Name: Neva Nesbitt Title: Manager, Credit Administration FLEET NATIONAL BANK OF CONNECTICUT By:/s/ Stephen Charles -------------------------------- Name: Stephen Charles Title: Senior Vice President BARCLAYS BANK PLC By:/s/ James K. Downy -------------------------------- Name: James K. Downy Title: Associate Director 18
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BANK BRUSSELS LAMBERT, NY BRANCH By:/s/ Gerrit Verlodt -------------------------------- Name: Gerrit Verlodt Title: Senior Vice President By:/s/ Dominick H.J. Vangaever -------------------------------- Name: Dominick H.J. Vangaever Title: Vice President, Credit Dept. BANK OF MONTREAL By:/s/ Yvonne Bos -------------------------------- Name: Yvonne Bos Title: Managing Director CREDIT LYONNAIS By:/s/ James E. Morris -------------------------------- Name: James E. Morris Title: Vice President 19
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Schedule I 1. Parents Agreement, dated as of July 24, 1995, among Viacom, TCI and TCI Sub. 2. Implementation Agreement, dated as of July 24, 1995, between VII and VII Services. 3. Subscription Agreement, dated as of July 24, 1995, among VII, TCI and TCI Sub. 20
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PRICING AMENDMENT This Amendment ("Amendment"), dated as of November 17, 1995, shall be: AMENDMENT NO. 5 to the $6.489 BILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended, ("Parent Facility") among VIACOM INC., a Delaware corporation ("Viacom"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents on the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. AMENDMENT NO. 4 to the $311 MILLION CREDIT AGREEMENT, dated as of July 1, 1994, as amended, (the "Subsidiary Facility") among VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC., WVIT INC., AND VIACOM INTERNATIONAL INC., each a Delaware corporation (collectively "Subsidiary Borrowers"), each of the several Banks, THE BANK OF NEW YORK, as a Managing Agent and as the Documentation Agent, CITIBANK, N.A., as a Managing Agent and as the Administrative Agent, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as a Managing Agent, JP MORGAN SECURITIES INC., as the Syndication Agent, BANK OF AMERICA NT&SA, as a Managing Agent, the Banks identified as Agents of the signature pages thereof, as Agents, and the Banks identified as Co-Agents on the signature pages thereof, as Co-Agents. WITNESSETH: WHEREAS, the parties who have heretofore entered into the Parent Facility and the Subsidiary Facility now desire to amend certain provisions of such agreements to provide for a change in the Applicable Eurodollar Rate Margin and Commitment Fees payable thereunder, NOW THEREFORE, the parties hereto agree as follows: SECTION 1. Amendments. (a) The definition of Applicable Eurodollar Rate Margin in Section 1.1 of the Parent Facility and Section 1.1 of the Subsidiary Facility
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are hereby amended by deleting the tables appearing therein and replacing them in each case with the following table: CREDIT RATING MARGIN ------------- ------ A-/A3 or better 0.300% BBB+/Baa1 0.375% BBB/Baa2 0.450% BBB-/Baa3 0.500% BB+/Ba1 0.750% BB/Ba2 0.875% BB-/Ba3 or lower 1.250% (b) Section 5.4 (a) of the Parent Facility and Section 3.4(a) of the Subsidiary Facility are hereby amended by deleting the tables appearing therein and replacing them in each case with the following table: CREDIT RATING COMMITMENT FEE ------------- -------------- A-/A3 or better 0.1250% BBB+/Baa1 0.1500% BBB/Baa2 0.1875% BBB-/Baa3 0.2000% BB+/Ba1 0.3125% BB/Ba2 0.3500% BB-/Ba3 or lower 0.4000% SECTION 2. Effectiveness. This Amendment will be effective upon the execution hereof by each of Viacom, each Subsidiary Borrower, VII and VII Services and each of the Banks. SECTION 3. Representations and Warranties. Each of Viacom, the Subsidiary Borrowers and the Guarantor Subsidiary hereby represents and warrants that as of the date hereof, both before and after giving effect to this Amendment no Default or Event of Default shall exist or be continuing under the Parent Facility or the Subsidiary Facility. SECTION 4. Miscellaneous. (a) Capitalized terms used herein and not 2
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otherwise defined herein shall have the meanings ascribed to them in each of the Parent Facility and the Subsidiary Facility. (b) Except as amended hereby, all of the terms of each of the Parent Facility and the Subsidiary Facility shall remain and continue in full force and effect and are hereby confirmed in all respects. (c) This Amendment shall be a Loan Document for the purposes of the Parent Facility and the Subsidiary Facility. (d) This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto were upon the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. (e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 5. Guarantor Subsidiary Confirmation. By signing below, the Guarantor Subsidiary hereby agrees to the terms of the foregoing Amendment and confirms that the VII Guarantee remains in full force and effect. SECTION 6. Viacom Inc. Confirmation. By signing below, Viacom Inc., as guarantor under the Parent Guaranty ("Parent Guarantor"), hereby agrees to the terms of the foregoing Amendment and confirms that the Parent Guaranty remains in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. VIACOM INC., as Borrower and Parent Guarantor By: /s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President 3
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VIACOM INTERNATIONAL INC., as a Subsidiary Borrower and as a Guarantor Subsidiary By: /s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President On behalf of the following Subsidiary Borrowers: VIACOM CABLEVISION OF DAYTON INC., WNYT INC., WMZQ INC. and WVIT INC., By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President VIACOM INTERNATIONAL SERVICES INC. By:/s/ Vaughn A. Clarke -------------------------------- Name: Vaughn A. Clarke Title: Senior Vice President CREDIT SUISSE By:/s/ J. Hamilton Crawford -------------------------------- Name: J. Hamilton Crawford Title: Associate 4
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SOCIETE GENERALE By:/s/ Elaine I. Khalil -------------------------------- Name: Elaine I. Khalil Title: Vice President THE BANK OF NEW YORK By:/s/ Geoffrey C. Brooks -------------------------------- Name: Geoffrey C. Brooks Title: Vice President THE BANK OF TOKYO TRUST COMPANY By:/s/ John P. Judge -------------------------------- Name: John P. Judge Title: Vice President FIRST INTERSTATE BANK OF WASHINGTON By:/s/ Susan Hendrixson -------------------------------- Name: Susan Hendrixson Title: Vice President 5
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UNION BANK OF SWITZERLAND By:/s/ Stephen A. Cayer -------------------------------- Name: Stephen A. Cayer Title: Assistant Treasurer By:/s/ Peter B. Yearly -------------------------------- Name: Peter B. Yearly Title: Vice President THE YASUDA TRUST & BANKING CO., LTD By:/s/ Gerald Gill -------------------------------- Name: Gerald Gill Title: Vice President BAYERISCHE VEREINSBANK AG By:/s/ John Carlson -------------------------------- Name: John Carlson Title: Vice President By:/s/ -------------------------------- Name: Title: Vice President LLOYDS BANK, PLC By:/s/ Paul D. Brianente -------------------------------- Name: Paul D. Brianente Title: Vice President By:/s/ Theodore R. Walser -------------------------------- Name: Theodore R. Walser Title: Senior Vice President 6
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MITSUBISHI BANK, LTD. By:/s/ Paula Mueller -------------------------------- Name: Paula Mueller Title: THE MITSUBISHI TRUST AND BANKING CORPORATION By:/s/ Patricia Loret De Mola -------------------------------- Name: Patricia Loret De Mola Title: Senior Vice President NATWEST BANK, N.A. By:/s/ Michael A. Cerullo -------------------------------- Name: Michael A. Cerullo Title: Vice President PNC BANK, NATIONAL ASSOCIATION By:/s/ Karen M. Wolters -------------------------------- Name: Karen M. Wolters Title: Vice President THE SUMITOMO TRUST AND BANKING CO., LTD. By:/s/ Suraj P. Bhatia -------------------------------- Name: Suraj P. Bhatia Title: Senior VP, Mgr. Corp. Finance Dept 7
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THE SUMITOMO BANK, LTD. By:/s/ S. Higashi -------------------------------- Name: S. Higashi Title: Joint General Manager CORESTATES BANK, N.A. By:/s/ Edward L. Kittrell -------------------------------- Name: Edward L. Kittrell Title: Vice President BANQUE FRANCAISE DU COMMERCE EXTERIEUR By:/s/ Peter Karl Harris -------------------------------- Name: Peter Karl Harris Title: Vice President By:/s/ William C. Maier -------------------------------- Name: William C. Maier Title: VP-Group Manager THE NIPPON CREDIT BANK, LTD. By:/s/ Bernardo E. Correa-Henschke -------------------------------- Name: Bernardo E. Correa-Henschke Title: Vice President & Manager THE SAKURA BANK, LTD. By:/s/ Hiroshi Shimazaki -------------------------------- Name: Hiroshi Shimazaki Title: Senior Vice President & Manager 8
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DEN DANSKE BANK By:/s/ Mogens Sondergaard -------------------------------- Name: Mogens Sondergaard Title: Vice President By:/s/ Bent V. Christensen -------------------------------- Name: Bent V. Christensen Title: Vice President THE ROYAL BANK OF CANADA By:/s/ Cynthia K. Wong -------------------------------- Name: Cynthia K. Wong Title: Manager THE SANWA BANK, LTD. By: /s/ Dominic J. Sorresso -------------------------------- Name: Dominic J. Sorresso Title: Vice President TOKAI BANK, LTD. By:/s/ Stuart Schulman -------------------------------- Name: Stuart Schulman Title: Senior Vice President CHEMICAL BANK By:/s/ John J. Huber III -------------------------------- Name: John J. Huber III Title: Managing Director 9
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THE DAI-CHI KANGYO BANK, LTD. By:/s/ Ronald Wolinsky -------------------------------- Name: Ronald Wolinsky Title: Vice President & Group Leader FIRST HAWAIIAN BANK By:/s/ William B. Schink -------------------------------- Name: William B. Schink Title: Vice President MORGAN GUARANTY TRUST COMPANY OF NEW YORK By:/s/ R. BLake Witherington -------------------------------- Name: R. BLake Witherington Title: Vice President CITIBANK, N.A. By:/s/ Margaret C. Ullrich -------------------------------- Name: Margaret C. Ullrich Title: Vice President RIGGS NATIONAL BANK By:/s/ David H. Olson -------------------------------- Name: David H. Olson Title: Vice President 10
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FIRST UNION NATIONAL BANK OF NORTH CAROLINA By:/s/ Jim P. Wedman -------------------------------- Name: Jim P. Wedman Title: Senior Vice President MELLON BANK, N.A. By: /s/ G. Luis Ashley -------------------------------- Name: G. Luis Ashley Title: First Vice President COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPENNE By:/s/ Brian O'Leary -------------------------------- Name: Brian O'Leary Title: Vice President By:/s/ Marcus Edward -------------------------------- Name: Marcus Edward Title: Vice President VAN KAMPEN AMERICAN CAPITAL PRIME RATE INCOME TRUST By:/s/ Jeffrey W. Maillet -------------------------------- Name: Jeffrey W. Maillet Title: Sr. Vice Pres. & Portfolio Mgr. 11
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CIBC, INC. By:/s/ John Tyler -------------------------------- Name: John Tyler Title: Vice President THE BANK OF NOVA SCOTIA By:/s/ Vincent Fitzgerald, Jr. -------------------------------- Name: Vincent Fitzgerald, Jr. Title: Authorized Signatory THE FUJI BANK, LTD. By:/s/ Katsunori Nozawa -------------------------------- Name: Katsunori Nozawa Title: Vice President & Manager THE LONG-TERM CREDIT BANK OF JAPAN, LTD. By:/s/ John A. Krob -------------------------------- Name: John A. Krob Title: Deputy General Manager BANQUE NATIONALE DE PARIS By:/s/ John S. McGill -------------------------------- Name: John S. McGill Title: Vice President By:/s/ Nancy L. Stengel -------------------------------- Name: Nancy L. Stengel Title: Assistant Treasurer 12
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BANK OF HAWAII By:/s/ J. Bryan Scearce -------------------------------- Name: J. Bryan Scearce Title: Vice President BANK OF AMERICA By:/s/ Amy S. Trapp -------------------------------- Name: Amy S. Trapp Title: Vice President NATIONSBANK OF TEXAS, N.A. By:/s/ Chad E. Coben -------------------------------- Name: Chad E. Coben Title: Vice President DEUTSCHE BANK By:/s/ Steven M. Godeke -------------------------------- Name: Steven M. Godele Title: Vice President By:/s/ Bina R. Dabbah -------------------------------- Name: Bina R. Dabbah Title: Vice President UNION BANK By:/s/ Gabriel A. Renga -------------------------------- Name: Gabriel A. Renga Title: Senior Vice President 13
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THE TORONTO DOMINION BANK By:/s/ Neva Nesbitt -------------------------------- Name: Neva Nesbitt Title: Manager, Credit Administration By:/s/ Cindy D. Hewitt -------------------------------- Name: Cindy D. Hewitt Title: Vice President FLEET NATIONAL BANK OF CONNECTICUT By:/s/ Stephen Charles -------------------------------- Name: Stephen Charles Title: Senior Vice President BARCLAYS BANK PLC By:/s/ James K. Downy -------------------------------- Name: James K. Downy Title: Associate Director BANK BRUSSELS LAMBERT By:/s/ Dominick H. J. Vangaever -------------------------------- Name: Dominick H. J. Vangaever Title: Vice President BANK OF MONTREAL By:/s/ Yvonne Bos -------------------------------- Name: Yvonne Bos Title: Managing Director 14
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CREDIT LYONNAIS By:/s/ James E. Morris -------------------------------- Name: James E. Morris Title: Vice President 15

Dates Referenced Herein   and   Documents Incorporated by Reference

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This ‘10-K’ Filing    Date First  Last      Other Filings
5/31/9649
Filed on:4/1/96
For Period End:12/31/9511-K
11/17/954767
7/24/9566
5/15/953010-Q
9/29/943015-12G,  8-K
8/15/94210-Q
8/5/94130
7/1/941678-K
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