Exhibit
10.3
CHARTER
COMMUNICATIONS HOLDING COMPANY, LLC
6.50%
MIRROR CONVERTIBLE SENIOR NOTE DUE 2027
ISSUE
DATE OCTOBER 2, 2007
IN
THE
ORIGINAL PRINCIPAL AMOUNT OF $479,168,000
THIS
MIRROR NOTE dated October 2, 2007, is made by Charter Communications Holding
Company, LLC, a Delaware limited liability company (including any successor,
"Obligor"), in favor of Charter Communications, Inc., a Delaware
corporation (including any successor, "CCI").
Reference
is hereby made to the Indenture, dated as of October 2, 2007 between CCI and
The
Bank of New York Trust Company, N.A., as trustee, as amended or supplemented
from time to time (the "Indenture").
Obligor
and Holder agree as follows for the benefit of each other:
ARTICLE
1
DEFINITIONS
Section
1.01. Definitions. Capitalized terms used and not otherwise defined herein
shall
have the respective meanings assigned to them in the Indenture, whether directly
or by reference. As used herein, the following terms shall have the following
meanings:
"CCI
Event of Default" means an Event of Default under the
Indenture.
"CCI
Interest Payment Date" means an Interest Payment Date under the
Indenture.
"CCI
Notes" means the 6.50% Convertible Senior Notes due 2027 of Holder issued
pursuant to the Indenture.
"CCI
Redemption Date" means any date fixed for redemption of CCI Notes pursuant
to the Indenture.
"CCI
Redemption Price", when used with respect to any CCI Notes to be redeemed,
means the price at which any such CCI Notes are to be redeemed pursuant to
the
Indenture.
"CCI
Repurchase Date" means a Fundamental Change Repurchase Date or a Five-Year
Repurchase Date, as the case may be.
"CCI
Repurchase Price" when used with respect to any CCI Notes to be repurchased,
means the price at which any such CCI Notes are to be repurchased pursuant
to
the Indenture.
"Holder"
means initially CCI, and any successor or assignee of CCI which acquires CCI's
interest in this Mirror Note pursuant to a transaction permitted by the
Indenture and by the organizational documents of Holder and
Obligor.
"Indenture"
has the meaning specified in the recitals.
"Manager"
means Charter Communications, Inc., in its capacity as manager of
Obligor.
"Membership
Units" means Class B Common Units of Obligor.
"Mirror
Conversion Rate" has the meaning specified in Section 6.01
hereof.
"Mirror
Default" means any event that is, or with the passage of time or the giving
of notice or both would be, a Mirror Event of Default.
"Mirror
Event of Default" has the meaning specified in Section 5.01
hereof.
"Mirror
Fundamental Change Repurchase Date" means a date that is one Business Day
prior to a Fundamental Change Repurchase Date under the Indenture.
"Mirror
Interest Payment Date" means the Stated Maturity of a payment of interest on
this Mirror Note.
"Mirror
Note" means this 6.50% Mirror Convertible Senior Note due 2027.
"Mirror
Redemption Date" means a date that is a CCI Redemption Date.
"Mirror
Redemption Price" has the meaning specified in Section 301.
"Mirror
Repurchase Date" means a date that is a CCI Repurchase Date.
"Mirror
Repurchase Price" has the meaning specified in Section 7.01
hereof.
"Principal
Amount" means, with respect to this Mirror Note, the original principal
amount on the Issue Date of $479,168,000 (Four Hundred Seventy-Nine Million
One
Hundred Sixty-Eight Thousand Dollars), as the same may be reduced from time
to
time by redemption, repurchase, conversion or otherwise.
"CCI
Redemption Make-Whole Amount" means the Redemption Make-Whole Amount
determined by Section 10.08 of the Indenture.
"Significant
Subsidiary" means any Subsidiary of Obligor which is a "Significant
Subsidiary" as defined in Rule l-02(w) of Regulation S-X under the Exchange
Act.
"Stated
Maturity", when used with respect to the principal amount of this Mirror
Note or any payment of interest thereon, means the date specified in such Mirror
Note as the fixed date on which such principal amount or such payment of
interest is due and payable.
Section
1.02. Rules of Construction.
Unless
the context otherwise requires:
(a)
a term has the meaning assigned to it;
(b)
an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP;
(c)
"or" is not exclusive and "including" is not limiting;
(d)
words in the singular include the plural, and in the plural include the
singular;
(e)
provisions apply to successive events and transactions;
(f)
references to sections of or rules under the Securities Act shall be deemed
to
include substitute, replacement of successor sections or rules adopted by the
Commission from time to time;
(g)
references to any statute, law, rule or regulation shall be deemed to refer
to
the same as from time to time amended and in effect and to any successor
statute, law, rule or regulation; and
(h)
references to any contract, agreement or instrument shall mean the same as
amended, modified, supplemented or amended and restated from time to time,
in
each case, in accordance with any applicable restrictions contained in this
Mirror Note.
ARTICLE
2
MIRROR
NOTE TERMS
Section
2.01. Repayment Principal.
Obligor
promises to pay to Holder the outstanding Principal Amount of this Mirror Note
on October 1, 2027.
Section
2.02. Interest.
Obligor
promises to pay to Holder interest on the Principal Amount of this Mirror Note
at the rate of 6.50% per annum from October 2, 2007 until this Mirror Note
has
been repaid in full. Obligor will pay interest semi-annually in arrears on
April
1 and October 1 of each year (each a "Mirror Interest Payment Date"), or
if any such day is not a Business Day, on the next succeeding Business Day.
Interest on this Mirror Note will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from the date of
issuance. The first Mirror Interest Payment Date shall be April 1, 2008. Obligor
shall pay interest (including post-petition interest in any proceeding under
any
Bankruptcy Law) on the overdue Principal Amount and premium, at a rate that
is
equal to 1% per annum in excess of the rate then in effect pursuant to
the
terms
of
this Mirror Note to the extent lawful; Obligor shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest (without regard to any applicable grace periods) at
the
same rate to the extent lawful. Interest will be computed on the basis of a
360-day year of twelve 30-day months.
Section
2.03. Method of Payment.
This
Mirror Note shall be payable as to principal, premium, if any, and interest
in
immediately available funds in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts. All payments hereunder shall be made on the due date
or on the Business Day prior to the due date.
Section
2.04. Outstanding Principal Amount of Mirror Note.
To
the extent that any portion of the Principal Amount of this Mirror Note is
considered paid pursuant to Section 4.01, such amount shall cease to be
outstanding and cease to accrue interest.
Section
2.05. Defaulted Interest.
If
Obligor defaults in a payment of interest on this Mirror Note, it shall pay
the
defaulted interest in any lawful manner plus, to the extent lawful, interest
payable on the defaulted interest to Holder at the rate provided in Section
2.02
hereof, in the amounts, on the terms, and on the date on which Holder makes
any
required payment of defaulted interest on the CCI Notes.
ARTICLE
3
REDEMPTION
AND PREPAYMENT
Section
3.01. Redemption.
(a) If
Holder
has elected to exercise the option to redeem all or any portion of the CCI
Notes
by Holder pursuant to Section 3.07 of the Indenture, Obligor shall, on the
date
of such redemption, redeem a portion of this Mirror Note equal to 100% of the
aggregate principal amount of the CCI Notes being so redeemed. Such
redemption shall be for a redemption price (the "Mirror Redemption
Price") equal to the aggregate CCI Redemption Price being paid by Holder,
plus, subject to Section 3.02, interest accrued on the portion of this Mirror
Note being redeemed to but excluding the applicable CCI Redemption
Date. In addition, in the event that Holder is required to pay any
CCI Redemption Make Whole Amount, Obligor shall pay to Holder on such Mirror
Redemption Date an amount equal to such CCI Redemption Make Whole
Amount.
(b) If
and to the extent, as a result of the conversion of the CCI Notes for which
notice of redemption was given, Holder, rather than paying CCI Redemption
Price
(including
any CCI Redemption Make Whole Amount payable in respect thereof) in cash, issues
shares of Common Stock to the holders of the subject CCI Notes (including,
if
applicable, in payment of the CCI Redemption Make Whole Amount), Obligor shall
on the related Mirror Redemption Date issue Membership Units to Holder in a
number equal to the number of shares of Common Stock so issued by Holder to
holders of the CCI Notes, in lieu of all or the applicable portion of the cash
payment otherwise payable on such Mirror Redemption Date in respect of this
Mirror Note, as described in paragraph (a) of this Section 3.01.
Section
3.02. Payment of Mirror Redemption Price.
At
or prior to 9:30 a.m., New York City time on the Mirror Redemption Date, Obligor
shall pay to Holder the Mirror Redemption Price in respect of the portion of
this Mirror Note being redeemed on such Mirror Redemption Date.
If
Obligor complies with the provisions of the preceding paragraph, on and after
the Mirror Redemption Date, interest shall cease to accrue on the portion of
the
Principal Amount of this Mirror Note redeemed. If any of the CCI Notes are
redeemed on or after a Regular Record Date under the Indenture but on or prior
to the related Mirror Interest Payment Date, and any accrued and unpaid interest
is paid to the holders of such CCI Notes by Holder at the close of business
on
such Regular Record Date pursuant to the Indenture, then Obligor shall pay
to
Holder interest on this Mirror Note in an amount equal to the amount paid by
Holder to the holders of such CCI Notes. If Holder fails to redeem any CCI
Notes
in accordance with Section 3.05 of the Indenture and, as a result, interest
on
such CCI Notes accrues and becomes payable at the rate described in Section
3.05
of the Indenture, then interest payable by Obligor to Holder hereunder on such
Principal Amount hereof corresponding to the aggregate principal amount of
the
affected CCI Notes shall likewise accrue and become payable by Obligor to Holder
at the rate described in Section 3.05 of the Indenture, for so long as interest
on such CCI Notes remains payable at such rate.
Section
3.03. Mandatory Redemption.
Except
as otherwise provided in Article 7, Obligor shall not be required to make
mandatory redemption payments with respect to this Mirror Note.
ARTICLE
4
COVENANTS
Section
4.01. Payment of Mirror Note.
Obligor
shall pay or cause to be paid the principal, premium, if any, and interest
on
this Mirror Note on the dates and in the manner provided herein. Principal,
premium, if any, and interest shall be considered paid on the date due if Holder
holds as of 9:30 a.m. New York City time on the due date money deposited by
Obligor in immediately
available
funds and designated for and sufficient to pay all principal, premium, if any,
and interest then due.
Section
4.02. Limited Liability Company Existence.
Subject
to Article 5, Obligor shall do or cause to be done all things necessary to
preserve and keep in full force and effect (i) its limited liability company
existence, and the corporate, partnership or other existence of each of its
Significant Subsidiaries, in accordance with the respective organizational
documents (as the same may be amended from time to time) of Obligor or any
such
Significant Subsidiary and (ii) the rights (charter and statutory), licenses
and
franchises of Obligor and its Significant Subsidiaries;
provided,
however, that Obligor shall not be required to preserve any such right, license
or franchise, or the corporate, partnership or other existence of any of its
Significant Subsidiaries, if the Manager shall determine that the preservation
thereof is no longer desirable in the conduct of the business of Obligor and
its
Significant Subsidiaries, taken as a whole, and that the loss thereof is not
adverse in any material respect to Obligor.
Section
4.03. Stay, Extension and Usury Laws.
Obligor
covenants (to the extent that it may lawfully do so) that it shall not at any
time insist upon, plead, or in any manner whatsoever claim or take the benefit
or advantage of, any stay, extension or usury law wherever enacted, now or
at
any time hereafter in force, that may affect the covenants or the performance
of
this Mirror Note; and Obligor (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law.
ARTICLE
5
DEFAULTS
AND REMEDIES
Section
5.01. Events of Default.
A
"Mirror Event of Default" shall have occurred if:
(a)
Obligor defaults in the payment when due of interest on this Mirror Note and
such default continues for a period of 30 days;
(b)
Obligor defaults in payment when due of the principal of or premium, if any,
on
this Mirror Notes; or
(c)
A CCI Event of Default has occurred.
Section
5.02. Acceleration.
Upon
the acceleration of any amounts payable by Holder pursuant to
Section
6.02
of
the Indenture, the same Principal Amount of this Mirror Note, together with
any
accrued and unpaid interest thereon, shall immediately and automatically become
due and payable by Obligor to Holder.
Holder
by written notice to Obligor may rescind an acceleration and its consequences
if
the rescission would not conflict with any judgment or decree and if all
existing CCI Events of Default under the Indenture (except nonpayment of
principal, interest or premium that has become due solely because of the
acceleration) have been cured or waived; provided that such rescission shall
be
automatic if such acceleration has been rescinded pursuant to the terms of
the
Indenture.
Section
5.03. Other Remedies.
If
a Mirror Event of Default occurs and is continuing, Holder may pursue any
available remedy to collect the payment of principal, premium, if any, and
interest on this Mirror Note or to enforce the performance of any provision
of
this Mirror Note.
A
delay or omission by Holder in exercising any right or remedy accruing upon
a
Mirror Event of Default shall not impair the right or remedy or constitute
a
waiver of or acquiescence in the Mirror Event of Default. All remedies are
cumulative to the extent permitted by law.
Section
5.04. Waiver of Existing Mirror Defaults.
Holder
by the adoption of a resolution of Holder's board of directors may waive an
existing Mirror Default or Mirror Event of Default and its consequences
hereunder; provided, that such waiver shall be automatic in the case of any
Mirror Event of Default predicated solely on a CCI Event of Default, to the
extent that the underlying CCI Event of Default has been cured or waived in
accordance with the Indenture. Upon any such waiver, such Mirror Default shall
cease to exist, and any Mirror Event of Default arising therefrom shall be
deemed to have been cured for every purpose of this Mirror Note; but no such
waiver shall extend to any subsequent or other Mirror Default or impair any
right consequent thereon.
ARTICLE
6
CONVERSION
OF MIRROR NOTE
Section
6.01. Conversion and Conversion Rate.
Subject
to and upon compliance with the provisions of this Article 6, upon conversion
of
any principal amount of the CCI Notes pursuant to the terms of the Indenture,
a
portion of this Mirror Note in a Principal Amount equal to the principal amount
of the CCI Notes so converted shall convert automatically into fully paid and
nonassessable (calculated as to each conversion to the nearest 1/100th of a
Membership Unit) Membership Units of Obligor at the Mirror Conversion Rate,
determined as hereinafter
provided,
in effect at the time of conversion, plus a number of Membership Units equal
to
the number of shares of Common Stock issued in payment of the CCI Redemption
Make Whole Amount if required to be paid by CCI to the converting holders of
the
CCI Notes pursuant to the terms of the Indenture and to the extent paid by
CCI
to such holders in Common Stock.
The
rate at which Membership Units shall be delivered upon conversion (herein called
the "Mirror Conversion Rate") shall be initially 293.3868 Membership
Units for each U.S. $1,000 principal amount of this Mirror Note. The Mirror
Conversion Rate shall be adjusted (rounded to four decimal places) in certain
instances as provided in this Article 6.
Notwithstanding
the foregoing, to the
extent the Holder elects pursuant to the terms of the Indenture to pay all
or
any portion of the conversion price of the CCI Notes (the "CCI Conversion
Price") being converted in cash rather than Common Stock, the Obligor shall
pay cash to the Holder in an amount equal to the portion of the CCI Conversion
Price of the CCI Notes being converted to be paid in cash by Holder, in lieu
of
issuing Membership Units to Holder; provided that if a One-for-One Event has
occurred, Obligor shall pay cash to the Holder in an amount based on the fair
market value of a Membership Unit.
Section
6.02. Conversion.
If
this Mirror Note, or a portion thereof, is converted during any Record Date
Period, Holder shall pay Obligor cash in an amount equal to the interest payable
on the related Mirror Interest Payment Date on the principal amount of this
Mirror Note being converted, provided that no such payment needs to be made
if
this Mirror Note or any portion thereof has been called for redemption on a
Mirror Redemption Date that is during that Record Date Period or is subject
to
repurchase on a Mirror Fundamental Change Repurchase Date occurring during
that
Record Date Period or unless any overdue interest exists at the time of
conversion with respect to this Mirror Note (and then only to the extent of
such
overdue interest). The interest payable on a Mirror Interest Payment Date when
this Mirror Note (or portion thereof, if applicable) is converted during the
Record Date Period shall be paid to Holder as of the related Regular Record
Date
in an amount equal to the interest that would have been payable on the portion
of this Mirror Note so converted if such amount had been converted as of the
close of business on such Mirror Interest Payment Date. Except as provided
in
this paragraph, no cash payment or adjustment shall be made upon any conversion
on account of any interest accrued from the Mirror Interest Payment Date next
preceding the conversion date, in respect of any portion of this Mirror Note
converted, or on account of any dividends on the Membership Units issued upon
conversion. Obligor's delivery to Holder of the number of Membership Units
into
which any portion of this Mirror Note is convertible will be deemed to satisfy
Obligor's obligation to pay such portion of the principal amount of this Mirror
Note.
If
any CCI notes are exchanged pursuant to Section 10.06 of the Indenture,
appropriate adjustments shall be made to the provisions of this Article 6 as
reasonably agreed by Holder and Obligor.
The
portion of the Principal Amount of this Mirror Note converted pursuant to this
Article 6 shall be deemed to have been converted immediately prior to the close
of business on the day of surrender of the CCI Notes that triggered the
conversion of such portion of this Mirror Note in accordance with the foregoing
provisions. At such time, the rights of Holder with respect to that portion
of
this Mirror Note that converted into Membership Units shall cease and Holder
shall be treated for all purposes as the record holder or holders of such
Membership Units at such time.
This
Mirror Note may be converted in part, but only if the principal amount to be
converted is any integral multiple of U.S. $1,000 and the principal amount
of
this Mirror Note to remain outstanding after such conversion is equal to U.S.
$1,000 or any integral multiple of $1,000 in excess thereof.
Section
6.03. Fractions of Membership Units.
No
fractional Membership Units shall be issued upon conversion of all or a portion
of this Mirror Note. Instead of any fractional Membership Unit which would
otherwise be issuable upon conversion of all or any portion of this Mirror
Note,
Obligor shall calculate and pay a cash adjustment in respect of such fraction
(calculated to the nearest 1/100th of a Membership Unit) in an amount equal
to
the same fraction of the Sale Price at the close of business on the day of
conversion (or round up the number of Membership Units issuable upon conversion
of any portion of this Mirror Note to the nearest whole Membership Unit if
Holder is rounding up to the nearest whole number of shares under Section 6.03
of the Indenture); provided that if a One-for-One Event has occurred, Obligor
shall deliver to Holder cash in the amount determined by multiplying the fair
market value of a Membership Unit by the fraction and rounding the result to
the
nearest whole cent.
Section
6.04. Adjustment of Conversion Rate.
(a)
The Mirror Conversion Rate shall be automatically adjusted upon each adjustment
of the Conversion Rate under the Indenture, by applying the applicable formula
for adjustment of the Conversion Rate to the Mirror Conversion Rate, so as
to
increase or decrease the Mirror Conversion Rate by a number of Membership Units
equal to the number of shares of Common Stock by which the Conversion Rate
is
increased or decreased under the Indenture.
(b)
Notwithstanding any other provision of this Section 6, if (i) any of Clause
(b)
of Article Third and Clauses (a)(ii) and (b)(iii) of Article Fourth of CCI's
Restated Certificate of Incorporation as in effect on the date hereof or
Sections 3.5.4, 3.6.1, 3.6.4(b), 3.6.4(c), and 5.1.7 of the Amended and Restated
Limited Liability Company Agreement of Obligor as in effect on the date hereof
has been amended so as to substantively modify the provisions thereof, or (ii)
CCI or Obligor is not in substantial compliance with the provisions described
in
clause (i) (each of the events described in clauses (i) and (ii) above, a
"One-for-One Event"), the Mirror Conversion Rate shall
not
be
adjusted pursuant to the Indenture and instead shall be adjusted upon the
occurrence of certain events affecting Holder's economic interest in Obligor
receivable upon conversion of the Mirror Note, including but not limited to
subdivisions or combinations of, or distributions of securities on the
Membership Units, to the extent necessary to reflect the economic interest
Holder would have had in Obligor if this Mirror Note had been converted prior
to
the occurrence of a One-for-One Event. In the event a One-for-One Event occurs,
the Mirror Conversion Rate shall be reasonably adjusted such that upon
conversion
of this Mirror Note, or a portion hereof, Holder shall be entitled to receive
the kind and amount of securities (or any successor securities) that Holder
would have owned if it had converted this Mirror Note, or such portion hereof,
immediately prior to the One-for-One Event and had retained the securities
received in such hypothetical conversion until after the event or events
requiring any adjustment to the Mirror Conversion Rate.
Section
6.05. Obligor to Reserve Membership Units.
Obligor
shall at all times reserve and keep available, free from preemptive rights,
out
of its authorized but unissued Membership Units, for the purpose of effecting
the conversion of all or any portion of the principal amount outstanding under
this Mirror Note, the full number of Membership Units issuable upon the
conversion of the entire principal amount outstanding from time to time under
this Mirror Note based upon the then effective Mirror Conversion
Rate.
Section
6.06. Taxes on Conversions.
Obligor
will pay any and all taxes and duties that may be payable in respect of the
issue or delivery of Membership Units on conversion of all or any portion of
this Mirror Note pursuant hereto.
Section
6.07. Representation Regarding Membership Units.
Obligor
represents that all Membership Units which may be delivered upon conversion
of
all or any portion of this Mirror Note, upon such delivery, will have been
duly
authorized and validly issued and will be fully paid and
nonassessable.
ARTICLE
7
REPURCHASE
OF AMOUNTS OUTSTANDING UNDER THIS MIRROR NOTE
Section
7.01. Mandatory Repurchase.
Upon
a repurchase of any CCI Notes by CCI (but not by a third party pursuant to
Section 11.02(f) pursuant to Article 11 of the Indenture), Obligor shall
repurchase a portion of the Principal Amount of this Mirror Note
equal to 100% of the aggregate principal amount of the CCI Notes so repurchased
at a price equal to the CCI Repurchase Price, plus interest accrued on this
Mirror Note to but excluding the Mirror Repurchase Date (the "Mirror
Repurchase Price"); provided, however, that installments of interest
on
the
portion of this Mirror Note whose Stated Maturity is on or prior to the CCI
Repurchase Date shall be payable to Holder according to the terms of this Mirror
Note. Whenever there is a reference, in any context, to the principal of this
Mirror Note as of any time, such reference shall be deemed to include reference
to the Mirror Repurchase Price payable in respect of amounts outstanding under
this Mirror Note to the extent that such Mirror Repurchase Price is, was or
would be so payable at such time, and express mention of the Repurchase Price
in
any provision of this Mirror Note shall not be construed as excluding the Mirror
Repurchase Price in those provisions of this Mirror Note when such express
mention is not made.
Section
7.02. Mechanics of Repurchase.
(1)
On each Mirror Repurchase Date, Obligor shall pay or cause to be paid to Holder
the Mirror Repurchase Price of the portion of this Mirror Note to be repurchased
in cash, or, if Membership Units are to be issued as provided above, such units
shall be issued as promptly after the CCI Repurchase Date as practicable;
provided, however, that installments of interest that mature on or prior to
the
CCI Repurchase Date shall be payable in cash to Holder.
(2)
If any portion of this Mirror Note to be repurchased pursuant to this Article
7
shall not be paid on the CCI Repurchase Date, such principal amount shall,
until
paid, bear interest to the extent permitted by applicable law from the CCI
Repurchase Date at the rate specified in Section 2.02 hereof and such unpaid
portion shall remain convertible into Membership Units until such portion shall
have been paid or duly provided for.
(3)
Any issuance of Membership Units in respect of the Mirror Repurchase Price
shall
be deemed to have been effected immediately prior to the close of business
on
the CCI Repurchase Date and Holder shall be deemed to have become on the CCI
Repurchase Date the holder of record of such Membership Units.
(4)
For purposes of this Section 7, the current market price of a share of Common
Stock is the Closing Price Per Share of the Common Stock on the Trading Day
immediately preceding the CCI Repurchase Date.
The
provisions of this Article 7 above that require the Obligor to repurchase all
or
a portion of this Mirror Note shall be applicable regardless of whether or
not
any other provisions in this Mirror Note are applicable.
ARTICLE
8
MISCELLANEOUS
Section
8.01. Notices.
Any
notice or communication by Obligor or Holder to the other is duly given if
in
writing and delivered in Person to the other's address:
If
to Obligor or Holder:
c/o
Charter Communications, Inc.
12405
Powerscourt Drive
St.
Louis, Missouri 63131
Facsimile:
(314) 965-8793
Attention:
Corporate Secretary
Obligor
or Holder, by notice to the other, may designate additional or different
addresses for subsequent notices or communications. All notices and
communications shall be deemed to have been duly given at the time delivered
by
hand.
Section
8.02. No Personal Liability of Directors, Officers, Employees, Members and
Equity Holders.
No
director, officer, employee, incorporator, member or equity holder of Obligor,
as such, shall have any liability for any obligations of Obligor under this
Mirror Note or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Holder by accepting this Mirror Note
waives and releases all such liability. This waiver and release are part of
the
consideration for issuance of this Mirror Note.
Section
8.03. Governing Law.
THE
INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
THIS
MIRROR NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW
TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD
BE
REQUIRED THEREBY. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS MIRROR NOTE.
Section
8.04. No Adverse Interpretation of Other Agreements.
This
Mirror Note may not be used to interpret any other indenture, loan or debt
agreement of Holder, Obligor or its Subsidiaries or of any other Person. Any
such indenture, loan or debt agreement may not be used to interpret this Mirror
Note.
Section
8.05. Successors and Assigns.
All
agreements of Obligor in this Mirror Note shall bind its successors and assigns
and inure to the benefit of Holder.
Section
8.06. Severability.
In
case any provision in this Mirror Note shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.
Section
8.07. Headings, Sections, etc.
The
Headings of the Articles and Sections of this Mirror Note have been inserted
for
convenience of reference only, are not to be considered a part of this Mirror
Note and shall in no way modify or restrict any of the terms or
provisions.
[Remainder
of page intentionally left blank.]
IN
WITNESS WHEREOF, the undersigned has caused this Mirror Note to be duly executed
as of the day and year first above written.
CHARTER
COMMUNICATIONS HOLDING COMPANY,
LLC
By:
Charter Communications, Inc., as manager
By: ___/s/
Thomas M. Degnan________
Name:
Thomas M.
Degnan
Title:
Vice President – Finance
and Corporate Treasurer