Common use of Amendments to Article Clause in Contracts

Amendments to Article. 7. ----------------------- (a) Section 7.6 of the Loan Agreement, Investments and Acquisitions, is ---------------------------- hereby amended by deleting subsection (b) thereof in its entirety and by substituting the following in lieu thereof: (b) so long as no Default then exists or would be caused thereby, establish Unrestricted Subsidiaries and make Investments in such Unrestricted Subsidiaries using (i) cash or, (ii)(A) that certain tower located in Newton, Massachusetts (acquired from Intracoastal Broadcasting, Inc.) and (B) with the consent of the Majority Banks, other assets, which, in the aggregate for clauses (i) and (ii) hereof do not exceed, at any time, (x) the sum of (i) $50,000,000 and (ii) equity proceeds (which may be retained by the Borrowers under Section 2.7 hereof) not used to pay the Separation Obligations or to make Investments permitted under Sections 7.6(c) and (d) hereof, minus (y) the aggregate value of the assets invested ----- (valuing such assets at the time of investment as may be agreed to by the Administrative Agent), if any, in such Unrestricted Subsidiaries."

Amendments to Article. 7. ----------------------- (a) Section 7.6 of the Loan Agreement, Investments and Acquisitions, is ---------------------------- hereby amended by deleting subsection (b) thereof in its entirety and by substituting the following in lieu thereof: (b) so long as no Default then exists or would be caused thereby, establish Unrestricted Subsidiaries and make Investments in such Unrestricted Subsidiaries using (i) cash or, (ii)(A) that certain tower located in Newton, Massachusetts (acquired from Intracoastal Broadcasting, Inc.) and (B) with the consent of the Majority Banks, other assets, which, in the aggregate for clauses (i) and (ii) hereof do not exceed, at any time, (x) the sum of (i) $50,000,000 and (ii) equity proceeds (which may be retained by the Borrowers under Section 2.7 hereof) not used to pay the Separation Obligations or to make Investments permitted under Sections 7.6(c) and (d) hereof, minus (y) the aggregate value of the assets invested ----- (valuing such assets at the time of investment Investment as may be agreed to by the Administrative Agent), if any, in such Unrestricted Subsidiaries."

Amendments to Article. 7. ----------------------- (a) Section 7.6 of the Loan Agreement, Investments and Acquisitions, is ---------------------------- hereby amended by deleting subsection (b) thereof in its entirety and by substituting the following in lieu thereof: (b) so long as no Default then exists or would be caused thereby, establish Unrestricted Subsidiaries and make Investments in such Unrestricted Subsidiaries using (i) cash or, (ii)(A) that certain tower located in Newton, Massachusetts (acquired from Intracoastal Broadcasting, Inc.) and (B) with the consent of the Majority BanksLenders, other assets, which, in the aggregate for clauses (i) and (ii) hereof do not exceed, at any time, (x) the sum of (i) $50,000,000 and (ii) equity proceeds (which may be retained by the Borrowers under Section 2.7 hereof) not used to pay the Separation Obligations or to make Investments permitted under Sections 7.6(c) and (d) hereof, minus (y) the aggregate value of the assets invested ----- (valuing such assets at the time of investment Investment as may be agreed to by the Administrative Agent), if any, in such Unrestricted Subsidiaries."