-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CZqfxTBq+X4LyBma1UHdEBYadDldB6Gxh4LFyDOe2hFB8gTspxN6zV2Q5hamvgqS co90CXGhNITchwt2Z3Uovw== 0001047469-05-004823.txt : 20050225 0001047469-05-004823.hdr.sgml : 20050225 20050225163921 ACCESSION NUMBER: 0001047469-05-004823 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050225 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20050225 DATE AS OF CHANGE: 20050225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS CAPITAL CORP CENTRAL INDEX KEY: 0000754019 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 232868925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327-01 FILM NUMBER: 05641801 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARAHOVA COMMUNICATIONS INC CENTRAL INDEX KEY: 0000785080 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251844576 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16899 FILM NUMBER: 05641794 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FORMER COMPANY: FORMER CONFORMED NAME: CENTURY COMMUNICATIONS CORP DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS COMMUNICATIONS LP CENTRAL INDEX KEY: 0000861255 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251622615 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327 FILM NUMBER: 05641793 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION OPERATING PARTNERS LP CENTRAL INDEX KEY: 0001019504 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841316775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535 FILM NUMBER: 05641800 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION CAPITAL CORP CENTRAL INDEX KEY: 0001020291 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 841353734 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535-01 FILM NUMBER: 05641799 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL CORP CENTRAL INDEX KEY: 0001045708 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519-01 FILM NUMBER: 05641797 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS LP CENTRAL INDEX KEY: 0001045710 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519 FILM NUMBER: 05641798 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL II CORP CENTRAL INDEX KEY: 0001079201 IRS NUMBER: 841481765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75567-01 FILM NUMBER: 05641796 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 8-K 1 a2152639z8-k.htm 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): February 25, 2005

OLYMPUS COMMUNICATIONS, L.P.
OLYMPUS CAPITAL CORPORATION
FRONTIERVISION OPERATING PARTNERS, L.P.
FRONTIERVISION CAPITAL CORPORATION
FRONTIERVISION HOLDINGS, L.P.
FRONTIERVISION HOLDINGS CAPITAL CORPORATION
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION
ARAHOVA COMMUNICATIONS, INC.
(Exact name of registrants as specified in their respective charters)

Delaware   333-19327   25-1622615
Delaware   333-19327-01   23-2868925
Delaware   333-9535   84-1316775
Delaware   333-9535-01   84-1353734
Delaware   333-36519   84-1432334
Delaware   333-36519-01   84-1432976
Delaware   333-75567-01   84-1481765
Delaware   0-16899   25-1844576
(State or other jurisdiction
of incorporation)
  (Commission File Numbers)   (IRS Employer
Identification Nos.)

5619 DTC Parkway—Greenwood Village, CO 80111
(Address of principal executive offices)        (Zip Code)

Registrants' telephone number, including area code (303) 268-6300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 1.01. Entry into a Material Definitive Agreement.

        On February 25, 2005, Adelphia Communications Corporation (the "Company") and certain of its subsidiaries, including the registrants, entered into and closed on the Third Amended and Restated Credit and Guaranty Agreement, by and among UCA LLC, Century Cable Holdings, LLC, Century-TCI California, L.P., Olympus Cable Holdings, LLC, Parnassos, L.P., FrontierVision Operating Partners, L.P., ACC Investment Holdings, Inc., Arahova Communications, Inc., Adelphia California Cablevision, LLC, as borrowers, the Company and certain of its other direct and indirect subsidiaries named therein, as guarantors, JPMorgan Chase Bank, N.A., as Administrative Agent, Citigroup Global Markets Inc., as Syndication Agent, J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as Joint Bookrunners and Co-Lead Arrangers, Citicorp North America, Inc., as Collateral Agent, Wachovia Bank, N.A., as Co-Syndication Agent, The Bank of Nova Scotia, Bank of America, N.A. and General Electric Capital Corporation, as Co-Documentation Agents, and the other lenders named therein (the "Second Extended DIP Facility"). The Second Extended DIP Facility, which was approved by the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") on February 22, 2005, amends and restates in its entirety the Company's existing debtor-in-possession credit facility (the "First Extended DIP Facility").

        The Second Extended DIP Facility matures upon the earlier of March 31, 2006 and the occurrence of certain other events, as described in the Second Extended DIP Facility. The Second Extended DIP Facility is comprised of an $800,000,000 revolving credit facility (including a $500,000,000 letter of credit subfacility) and a $500,000,000 term loan. The Second Extended DIP Facility is secured with a first priority lien on all of the Loan Parties' (as defined in the Second Extended DIP Facility) unencumbered assets, a priming first priority lien on all assets of the Loan Parties securing their pre-petition bank debt and a junior lien on all other assets of the Loan Parties. The applicable margin on loans extended under the Second Extended DIP Facility is 1.25% per annum in the case of Alternate Base Rate loans (which carry a base rate equal to the greatest of the Prime Rate, the Base CD Rate plus 1% or the Federal Funds Effective Rate plus .5%) and 2.25% per annum in the case of Adjusted LIBOR Rate loans. The Second Extended DIP Facility contains customary representations, warranties and covenants, including restrictive covenants which limit the ability of the Loan Parties to (i) incur additional guarantees, liens and indebtedness, (ii) sell or otherwise dispose of certain assets and (iii) pay dividends or make other distributions or payments with respect to any shares of capital stock, subject to certain exceptions set forth in the Second Extended DIP Facility. The Second Extended DIP Facility also requires compliance with certain financial covenants with respect to operating results and capital expenditures.

        The foregoing summary of certain material terms of the Second Extended DIP Facility is qualified in its entirety by reference to the Second Extended DIP Facility, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

        As previously announced, a syndicate of financial institutions has committed to provide to the Company up to $8.8 billion in exit financing in connection with the Company's emergence from bankruptcy. Certain of the lenders and certain of the agents under the Second Extended DIP Facility are members of the syndicate of financial institutions that have committed to provide such exit financing to the Company. In addition, certain of the lenders and certain of the agents under the Second Extended DIP Facility were lenders and agents under certain of the Company's and its subsidiaries' pre-petition credit facilities. As previously announced, the Official Committee of Unsecured Creditors and the Official Committee of Equity Holders appointed in the bankruptcy cases of the Company and its subsidiaries previously have initiated or propose to initiate, respectively, an adversary proceeding against the lenders and agents under the Company's and its subsidiaries' pre-petition credit facilities. A more complete description of such adversary proceeding is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2003 (the "2003 Annual Report"), which was filed with the Securities and Exchange Commission on December 23,

2



2004. The foregoing summary of such adversary proceeding is qualified in its entirety by reference to the description of such adversary proceeding in the 2003 Annual Report.


Item 2.03. Creation of a Direction Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

        As set forth in Item 1.01 above, on February 25, 2005, the Company and certain of its subsidiaries, including the registrants, entered into and closed on the Second Extended DIP Facility. The total amount of credit available to the Loan Parties under the Second Extended DIP Facility is $1,300,000,000. In connection with the closing, the borrowers under the Second Extended DIP Facility borrowed an aggregate of $578,000,000, the proceeds from which were used to repay all of the indebtedness, including accrued and unpaid interest, and certain related fees and expenses, that were outstanding or payable, as applicable, under the First Extended DIP Facility. In addition, letters of credit with an aggregate face amount of approximately $112,188,000 that were issued under the First Extended DIP Facility were continued under the terms of the Second Extended DIP Facility. The principal amount of all loans made under the Second Extended DIP Facility will become due and payable on March 31, 2006, the maturity date of the Second Extended DIP Facility, subject to such loans being accelerated under the circumstances set forth in the Second Extended DIP Facility. The indebtedness outstanding under the Second Extended DIP Facility is subject to acceleration under certain circumstances, including (i) if any of the representations and warranties made by the Loan Parties therein or in related documents shall prove to have been false or misleading in any material respect when made, (ii) upon the failure by a borrower under the Second Extended DIP Facility to make any payment of principal in respect of any loan made thereunder as and when such amount becomes due and payable, (iii) subject to a grace period set forth in the Second Extended DIP Facility, the failure of any borrower thereunder to timely pay any fees, interest or other amounts due and payable thereunder, (iv) upon the failure of the Loan Parties to comply with the covenants set forth in the Second Extended DIP Facility (subject to certain grace periods in respect of certain covenants), (v) the entry by the Bankruptcy Court of an order granting relief from the automatic stay to the holder or holders of any security interest to permit foreclosure on any of the assets of a Loan Party that have a value in excess of $5,000,000 in the aggregate, (vi) the occurrence of a Change in Control (as defined in the Second Extended DIP Facility) without the consent of the requisite lenders under the Second Extended DIP Facility or (vii) if any judgment or order is entered against any Loan Party as to a post-petition liability or debt for the payment of money in excess of $5,000,000 and the enforcement thereof is not stayed or if a non-monetary judgment or order is entered against any Loan Party with respect to a post-petition event which does or would reasonably be expected to have a Material Adverse Effect (as defined in the Second Extended DIP Facility) and the enforcement of such non-monetary judgment or order is not stayed.

        The foregoing summary of certain material terms of the Second Extended DIP Facility is qualified in its entirety by reference to the Second Extended DIP Facility, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.


Item 7.01. Regulation FD Disclosure.

Operating Reports

        On February 25, 2005, the Company and certain other debtor-in-possession subsidiaries of the Company will file their unaudited consolidated Monthly Operating Report (the "Adelphia Operating Report") for the month of January 2005 with the Bankruptcy Court. Exhibit 99.1 to this Current Report on Form 8-K contains the Adelphia Operating Report as filed with the Bankruptcy Court.

        The Company cautions readers not to place undue reliance upon the information contained in the Adelphia Operating Report, which contains unaudited information, and is in the format prescribed by

3



applicable bankruptcy laws. The Adelphia Operating Report is subject to revision. The Adelphia Operating Report also contains information for periods that may be shorter or otherwise different from those contained in the Company's reports pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Limitation on Incorporation by Reference

        In accordance with general instruction B.2 of Form 8-K, the Adelphia Operating Report and the other information contained in this report (including exhibits) that is being furnished pursuant to Item 7.01 of Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), except as expressly set forth in such filing. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

Cautionary Statement Regarding Forward-Looking Statements

        This report includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements regarding the Company's and its subsidiaries' and affiliates' expected future financial position, results of operations, cash flows, process for sale of the Company, restructuring and financing plans, expected emergence from bankruptcy, business strategy, budgets, projected costs, capital expenditures, network upgrades, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the Company's expectations. The Company does not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those discussed under the heading "Risk Factors" in the 2003 Annual Report and the Company's pending bankruptcy proceeding and its ongoing sale process, results of litigation against the Company and government investigations of the Company, the effects of government regulation including the actions of local cable franchising authorities, the availability of financing, actions of the Company's competitors, results and impacts of the process to sell the Company or its assets, pricing and availability of programming, equipment, supplies, and other inputs, the Company's ability to upgrade its network, technological developments, and changes in general economic conditions. Many of these factors are outside of the Company's control.

4



SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 25, 2005   OLYMPUS COMMUNICATIONS, L.P. (Registrant)

 

 

By: ACC OPERATIONS, INC., its Managing General Partner

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

OLYMPUS CAPITAL CORPORATION (Registrant)

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

FRONTIERVISION OPERATING PARTNERS, L.P. (Registrant)

 

 

By:

 

FRONTIERVISION HOLDINGS, L.P., its General Partner

 

 

 

 

By:

 

FRONTIERVISION PARTNERS, L.P., its General Partner

 

 

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C., its General Partner

 

 

 

 

 

 

 

 

By:

ACC OPERATIONS, INC., its Sole Member

 

 

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

FRONTIERVISION CAPITAL CORPORATION (Registrant)

 

 

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer
                   

5



 

 

FRONTIERVISION HOLDINGS, L.P. (Registrant)

 

 

 

 

By:

 

FRONTIERVISION PARTNERS, L.P., its General Partner

 

 

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C., its General Partner

 

 

 

 

 

 

 

 

By:

ACC OPERATIONS, INC., its Sole Member

 

 

 

 

 

 

 

 

By:

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

FRONTIERVISION HOLDINGS CAPITAL CORPORATION (Registrant)

 

 

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

FRONTIERVISION HOLDINGS CAPITAL II CORPORATION (Registrant)

 

 

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

 

 

ARAHOVA COMMUNICATIONS, INC. (Registrant)

 

 

 

 

By:

 

/s/  
SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President and Chief Accounting Officer

6



EXHIBIT INDEX

Exhibit No.

  Description
10.1   Third Amended and Restated Credit and Guaranty Agreement, dated as of February 25, 2005, by and among UCA LLC, Century Cable Holdings, LLC, Century-TCI California, L.P., Olympus Cable Holdings, LLC, Parnassos, L.P., FrontierVision Operating Partners, L.P., ACC Investment Holdings, Inc., Arahova Communications, Inc., Adelphia California Cablevision, LLC, as borrowers, Adelphia Communications Corporation and certain of its other direct and indirect subsidiaries named therein, as guarantors, JPMorgan Chase Bank, N.A., as Administrative Agent, Citigroup Global Markets Inc., as Syndication Agent, J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as Joint Bookrunners and Co-Lead Arrangers, Citicorp North America, Inc., as Collateral Agent, Wachovia Bank, N.A., as Co-Syndication Agent, The Bank of Nova Scotia, Bank of America, N.A. and General Electric Capital Corporation, as Co-Documentation Agents, and the other lenders named therein.

99.1

 

Adelphia Communications Corporation Monthly Operating Report for the period ended January 31, 2005, dated February 25, 2005.



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EX-10.1 2 a2152639zex-10_1.htm EX-10.1
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Exhibit 10.1


THIRD AMENDED AND RESTATED CREDIT
AND GUARANTY AGREEMENT

        THIRD AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT (this "Amended and Restated DIP Credit Agreement"), dated as of February 25, 2005 among UCA LLC, CENTURY CABLE HOLDINGS, LLC, CENTURY-TCI CALIFORNIA, L.P., OLYMPUS CABLE HOLDINGS, LLC, PARNASSOS, L.P., FRONTIERVISION OPERATING PARTNERS, L.P., ACC INVESTMENT HOLDINGS, INC., ARAHOVA COMMUNICATIONS, INC., and ADELPHIA CALIFORNIA CABLEVISION, LLC, as BORROWERS, the GUARANTORS listed on Annex B to the Existing DIP Credit Agreement (as defined below), each of which is a debtor and debtor-in-possession in a case pending under chapter 11 of the Bankruptcy Code, each of the FINANCIAL INSTITUTIONS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, CITIGROUP GLOBAL MARKETS INC., as Syndication Agent, J.P. MORGAN SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC., as Joint Bookrunners and Co-Lead Arrangers, CITICORP NORTH AMERICA, INC., as Collateral Agent, WACHOVIA BANK, N.A., as Co-Syndication Agent, and THE BANK OF NOVA SCOTIA, BANK OF AMERICA, N.A. and GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agents.

W I T N E S S E T H:

        WHEREAS, certain of the parties hereto have heretofore entered into that certain Second Amended and Restated Credit and Guaranty Agreement, dated as of May 10, 2004 (as amended and in effect immediately prior to the effectiveness of this Amended and Restated DIP Credit Agreement, the "Existing DIP Credit Agreement"); and

        WHEREAS, the parties hereto desire to amend and restate the Existing DIP Credit Agreement in its entirety to read as set forth in the Existing DIP Credit Agreement with the amendments specified below.

        NOW, THEREFORE, the parties hereto agree as follows:

        Section 1.    Amendment and Restatement of Existing DIP Credit Agreement.    The parties hereto hereby agree that upon their execution and delivery of this Amended and Restated DIP Credit Agreement and subject to the other terms and conditions set forth herein, including the terms and conditions set forth in Section 44 hereof with respect to the effectiveness of this Amended and Restated DIP Credit Agreement, the Existing DIP Credit Agreement shall be amended and restated in its entirety and that from and after the Restatement Effective Date (as defined in Section 44 below), the terms and conditions set forth in the Existing DIP Credit Agreement, after giving effect to the amendments to the terms and conditions thereof that are set forth herein, which terms and conditions are incorporated by reference herein and form a part hereof, shall be the terms and conditions of this Amended and Restated DIP Credit Agreement and shall be binding upon all parties hereto, subject to the terms hereof.

        Section 2.    Defined Terms; References.    Unless otherwise specifically defined herein, each term used herein which is defined in the Existing DIP Credit Agreement has the meaning assigned to such term in the Existing DIP Credit Agreement. Each reference to "hereof", "hereunder", "herein" and "hereby" and each other similar reference and each reference to "this Agreement" and each other similar reference contained in the Existing DIP Credit Agreement shall, after the Restatement Effective Date, refer to this Amended and Restated DIP Credit Agreement.

        Section 3.    Definition of Applicable L/C Fee Rate.    The definition of "Applicable L/C Fee Rate" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Applicable L/C Fee Rate" shall mean a rate per annum equal to 2.25%."


        Section 4.    Definition of Applicable Margin.    The definition of "Applicable Margin" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Applicable Margin" shall mean, on any date, (i) with respect to any Eurodollar Loan, a rate per annum equal to 2.25%, and (ii) with respect to any ABR Loan, a rate per annum equal to 1.25%."

        Section 5.    Increase in Amount of Shared Capital Expenditures.    The definition of "Capital Expenditures" in Section 1.01 of the Existing DIP Credit Agreement is hereby amended by changing the aggregate amount of Shared Capital Expenditures that may be incurred by any Loan Party in the Seven A Borrower Group for the period starting on May 1, 2003 and ending on the Maturity Date, which amount is set forth in clause (ii) of such definition, from "$150,000,000" to "$200,000,000."

        Section 6.    Definition of Closing Date.    The definition of "Closing Date" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Closing Date" shall mean the date on which this Agreement has been executed and the conditions precedent set forth herein have been satisfied or waived, which date shall occur promptly following the entry of the Extension Order."

        Section 7.    Definition of Commitment Fee Rate.    The definition of "Commitment Fee Rate" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Commitment Fee Rate" shall mean a rate per annum equal to 0.50%."

        Section 8.    Definition of Current SEC Reports.    The definition of "Current SEC Reports" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Current SEC Reports" means each periodic or current report filed by the Parent with the United States Securities and Exchange Commission on or after March 28, 2002 and prior to the Closing Date, including, without limitation, the Parent's Annual Report on Form 10-K for the fiscal year ended December 31, 2003, which was filed by the Parent with the United States Securities and Exchange Commission on December 23, 2004."

        Section 9.    Definition of EBITDA.    The definition of "EBITDA" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended by amending and restating clause (E) thereof in its entirety to read as follows:

            "(E)    any extraordinary non-cash charges for such period, including, without limitation, any such extraordinary non-cash charge for such period arising from the write-off of any deferred financing costs relating to the financing arrangements of the Loan Parties entered into prior to the Petition Date, and minus".

        Section 10.    Definition of EBITDAR.    The definition of "EBITDAR" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended by amending and restating clause (F) thereof in its entirety to read as follows:

            "(F)    any extraordinary non-cash charges for such period, including, without limitation, any such extraordinary non-cash charge for such period arising from the write-off of any deferred financing costs relating to the financing arrangements of the Loan Parties entered into prior to the Petition Date,".

        Section 11.    Definition of Interest Period.    The definition of "Interest Period" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended by deleting the words "that is one or three months thereafter" in the fifth line thereof and replacing such words with the words "that is one, three or six months thereafter".


        Section 12.    Definition of Letter of Credit Sublimit.    (a) The definition of "Letter of Credit Sublimit" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Letter of Credit Sublimit" shall mean, at any time, with respect to any Borrower, the lesser of (i)(A) prior to the occurrence of the Triggering Event (as such term is defined in the definition of "Borrowing Limit" above), the amount set forth opposite the applicable Borrower's name in Annex F attached hereto under the column entitled "Initial Letter of Credit Sublimit" and (B) from and after the occurrence of the Triggering Event, the amount set forth opposite the applicable Borrower's name in Annex F attached hereto under the column entitled "Final Letter of Credit Sublimit" and (ii) such Borrower's Borrowing Limit at such time. The DIP Lenders and the Agents hereby acknowledge and agree that the change in the Letter of Credit Sublimits of the applicable Borrower Groups contemplated hereby upon the occurrence of the Triggering Event shall occur automatically upon the delivery of the requisite notice by the Parent described in the definition of "Triggering Event" herein and that such change in the Letter of Credit Sublimits shall not be deemed an amendment to this Agreement and shall not require the consent or approval of the DIP Lenders or any Agent hereunder, notwithstanding any term contained herein to the contrary, it being understood and agreed that any other change in the Letter of Credit Sublimits (other than those expressly contemplated in Annex F hereto upon the occurrence of the Triggering Event) shall require the consent of the requisite DIP Lenders on the terms set forth herein. Notwithstanding anything contained herein to the contrary, in no event, including upon the occurrence of the Triggering Event, shall the Letter of Credit Sublimit of a Borrower Group be reduced to an amount below the Letter of Credit Outstandings of such Borrower Group."

        (b)   Annex F to the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with Annex F attached hereto.

        Section 13.    Definition of Maturity Date.    The definition of "Maturity Date" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended by changing the date specified therein from "March 31, 2005" to "March 31, 2006".

        Section 14.    Amendment to Certain Other Definitions.    (a) The definition of "Class" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Class" when used in respect of any Loan or Borrowing shall refer to whether such Loan, or each Loan comprising such Borrowing, is a Tranche A Loan or a Tranche B Loan."

        (b)   The definition of "Letter of Credit Outstandings" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Letter of Credit Outstandings" shall mean, at any time, with respect to any Borrower, the aggregate Tranche A Letter of Credit Outstandings with respect to such Borrower."

        (c)   Section 1.01 of the Existing DIP Credit Agreement is hereby amended by deleting, in their entirety, each of the following definitions contained in said Section 1.01 of the Existing DIP Credit Agreement: (i) "Benchmark LIBOR Rate," (ii) "Total Tranche B Credit-Linked Deposit Amount," (iii) "Tranche B Actual Return Rate," (iv) "Tranche B Credit-Linked Account," (v) "Tranche B Credit-Linked Deposit Amount," (vi) "Tranche B Fixed Return Rate," (vii) "Tranche B Letter of Credit" and (viii) "Tranche B Letter of Credit Outstandings."

        (d)   The definition of "Tranche B Borrowing" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Tranche B Borrowing" shall mean the making of any Tranche B Loan."

        (e)   The definition of "Tranche B DIP Lender" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Tranche B DIP Lender" shall mean any lender with a Tranche B Commitment hereunder."


        (f)    The definition of "Tranche B Outstanding Exposure" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Tranche B Outstanding Exposure" shall mean, at any time, with respect to any Borrower, the then outstanding aggregate principal amount of the Tranche B Loans by all Tranche B DIP Lenders to such Borrower."

        Section 15.    New Definitions.    (a) Section 1.01 of the Existing DIP Credit Agreement is hereby amended by adding the following new definitions in alphabetical order therein:

            ""Total Tranche B Commitment" shall mean, at any time, the sum of all the Tranche B Commitments at such time."

            ""Tranche B Commitment" shall mean, with respect to each Tranche B DIP Lender, its commitment hereunder in the amount set forth opposite its name on Annex D hereto, or as may subsequently be set forth in the Register from time to time, as the same may be reduced from time to time pursuant to this Agreement."

        Section 16.    Omnibus Replacement.    The Existing DIP Credit Agreement is hereby amended by (a) replacing any and all references therein to the "Total Tranche B Credit-Linked Deposit Amount" with "Total Tranche B Commitment" and (b) replacing any and all references therein to the "Tranche B Credit-Linked Deposit Amount" with "Tranche B Commitment".

        Section 17.    Amendment to Section 2.02 of the Existing DIP Credit Agreement.    Section 2.02 of the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with the phrase "Intentionally Omitted".

        Section 18.    Amendment to Section 2.03 of the Existing DIP Credit Agreement.    Section 2.03 of the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with the following:

            "Upon the terms and subject to the conditions herein set forth, on the Closing Date, each Tranche B DIP Lender, severally and not jointly with the other Tranche B DIP Lenders, agrees to make a loan (each a "Tranche B Loan" and collectively, the "Tranche B Loans") in a principal amount equal to such Tranche B DIP Lender's Tranche B Commitment. Tranche B Loans made pursuant to this Section 2.03 and repaid or prepaid may not be reborrowed. The Tranche B Loans made under this Section 2.03 may be Eurodollar Loans or ABR Loans."

        Section 19.    Amendments to Section 2.04 of the Existing DIP Credit Agreement.    (a) Section 2.04(b) of the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with the phrase "Intentionally Omitted".

        (b)   Section 2.04(c) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(c)    If Tranche A DIP Lenders holding in excess of 50% of the Total Tranche A Commitment determine at any time that the conditions set forth in Section 4.03 would not be satisfied in respect of a Credit Event at such time, then such Tranche A DIP Lenders may request that the Administrative Agent issue a "Stop Issuance Notice", and the Administrative Agent shall issue such notice to each Fronting Bank. Such Stop Issuance Notice shall be withdrawn by the Tranche A DIP Lenders upon a determination by them that the circumstances giving rise thereto no longer exist. While a Stop Issuance Notice is in effect, no Tranche A Letter of Credit may be issued for the account of the Borrower to which such Stop Issuance Notice relates. The Tranche A DIP Lenders may request issuance of a Stop Issuance Notice only if there is a reasonable basis therefor, and shall consider reasonably and in good faith a request from the applicable Borrower or Borrowers, as the case may be, for withdrawal of the same on the basis that the conditions in Section 4.03 are satisfied; provided that the Administrative Agent and the Fronting Banks may and shall conclusively rely on any Stop Issuance Notice while it remains in effect."


        (c)   Section 2.04(d) of the Existing DIP Credit Agreement is hereby amended by deleting all of the references to "May 31, 2005" contained in clause (y) in the second and third lines thereof and replacing all such references with "May 31, 2006."

        (d)   Section 2.04(g) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(g)    Immediately upon the issuance of any Letter of Credit by any Fronting Bank, such Fronting Bank shall be deemed to have sold to each Tranche A DIP Lender other than such Fronting Bank and each such other Tranche A DIP Lender shall be deemed unconditionally and irrevocably to have purchased from such Fronting Bank, without recourse or warranty, an undivided interest and participation, to the extent of such Tranche A DIP Lender's Class Percentage, in such Letter of Credit, each drawing thereunder and the Obligations of the Borrower and the Guarantors under this Agreement with respect thereto. Upon any change in the Tranche A Commitments pursuant to Section 10.03(b), it is hereby agreed that with respect to all Letter of Credit Outstandings, there shall be an automatic adjustment to the participations hereby created to reflect the new Class Percentages of the assigning and assignee Tranche A DIP Lenders. Any action taken or omitted by a Fronting Bank under or in connection with a Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not create for such Fronting Bank any resulting liability to any other Tranche A DIP Lender."

        (e)   Section 2.04(h) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(h)    In the event that a Fronting Bank makes any payment under any Letter of Credit and the Borrower shall not have reimbursed such amount in full to such Fronting Bank pursuant to this Section 2.04, the Fronting Bank shall promptly notify the Administrative Agent, which shall promptly notify each Tranche A DIP Lender of such failure, and each such Tranche A DIP Lender shall promptly and unconditionally pay to the Administrative Agent for the account of such Fronting Bank the amount of such Tranche A DIP Lender's Class Percentage of such unreimbursed payment in Dollars and in same day funds. If such Fronting Bank so notifies the Administrative Agent, and the Administrative Agent so notifies the Tranche A DIP Lenders prior to 11:00 a.m. (New York City time) on any Business Day, then, each of the Tranche A DIP Lenders shall make available to such Fronting Bank such Tranche A DIP Lender's Class Percentage of the amount of such payment on such Business Day in same day funds. If and to the extent any Tranche A DIP Lender shall not have so made its Class Percentage of the amount of such payment available to such Fronting Bank, such Tranche A DIP Lender agrees to pay to such Fronting Bank, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent for the account of such Fronting Bank at the Federal Funds Effective Rate. The failure of any Tranche A DIP Lender to make available to the Fronting Bank its Class Percentage of any payment under any Letter of Credit shall not relieve any other Tranche A DIP Lender of its obligation hereunder to make available to the Fronting Bank its Class Percentage of any payment under any Letter of Credit on the date required, as specified above, but no Tranche A DIP Lender shall be responsible for the failure of any other Tranche A DIP Lender to make available to such Fronting Bank such other Tranche A DIP Lender's Class Percentage of any such payment. Whenever a Fronting Bank receives a payment of a Reimbursement Obligation as to which it has received any payments from Tranche A DIP Lenders pursuant to this paragraph, such Fronting Bank shall pay to each Tranche A DIP Lender which has paid its Class Percentage thereof, in Dollars and in same day funds, an amount equal to such Tranche A DIP Lender's Class Percentage thereof."

        (f)    Section 2.04(i) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(i)    The obligations of each Tranche A DIP Lender to participate in Letters of Credit and to pay or reimburse the Fronting Bank for such Tranche A DIP Lender's Class Percentage of amounts drawn thereunder is absolute, irrevocable and unconditional and shall not be affected by


    any circumstances whatsoever (including, without limitation, the occurrence or continuation of any Event of Default) and each such payment or reimbursement shall be made without offset, abatement, withholding or other reduction whatsoever."

        Section 20.    Amendments to Section 2.06 of the Existing DIP Credit Agreement.    Section 2.06 of the Existing DIP Credit Agreement is hereby amended by deleting all references to "DIP Lenders" therein and replacing all such references with "Tranche A DIP Lenders".

        Section 21.    Amendment to Section 2.07(b) of the Existing DIP Credit Agreement.    Section 2.07(b) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(b)    The relevant Borrower shall give the Administrative Agent (x) at least three (3) Business Days' prior notice for each Borrowing of Eurodollar Loans and (y) same day notice for each Borrowing of ABR Loans; such notice shall be irrevocable and shall specify (A) the amount of such Borrowing (which shall not be less than $5,000,000 or an integral multiple of $100,000 in excess thereof in the case of Eurodollar Loans and not less than $1,000,000 or an integral multiple of $500,000 in excess thereof in the case of ABR Loans), (B) the date of such Borrowing (which shall be a Business Day) and (C) the disbursement instructions for such Borrowing. Such notice, to be effective, must be received by the Administrative Agent not later than (1) 12:00 noon, New York City time, on the third Business Day preceding the date on which such Borrowing is to be made, in the case of Eurodollar Loans and (2) 10:00 A.M., New York City time, on the day such Borrowing is to be made, in the case of ABR Loans. Such notice shall specify whether the Borrowing then being requested is to be a Borrowing of ABR Loans or Eurodollar Loans. If no election is made as to the Type of Loan, such notice shall be deemed a request for Borrowing of ABR Loans. The Administrative Agent shall promptly notify each Tranche A DIP Lender of its proportionate share of such Borrowing, the date of such Borrowing, the Type of Borrowing or Loans being requested and the Interest Period or Interest Periods applicable thereto, as appropriate. On the borrowing date specified in such notice, each Tranche A DIP Lender shall make an amount equal to its Class Percentage of the Borrowing available at the office of the Administrative Agent at 270 Park Avenue, New York, NY 10017, no later than 12:00 noon, New York City time, in immediately available funds. The Administrative Agent shall, upon receipt of the funds made available by the Tranche A DIP Lenders to fund such Borrowing, disburse such funds in the manner specified in the notice of borrowing delivered by the Borrower."

        Section 22.    Amendments to Section 2.14 of the Existing DIP Credit Agreement.    (a) The introductory language set forth in Section 2.14(a)(i) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "If any Several Loan Party receives any Net Proceeds in respect of any Reduction Event, on the Deferred Tranche B Prepayment Date:"

        (b)   Section 2.14(a)(i)(z) is hereby amended and restated in its entirety to read as follows:

            "(z)    the Total Tranche A Commitment will be reduced by an amount equal to the aggregate amount of the repayment of Tranche A Loans and cash collateralizations of Tranche A Letters of Credit made pursuant to clauses first and second of paragraph (x) of this Section 2.14(a)(i) and the Total Tranche B Commitment will be reduced by an amount equal to the aggregate amount of the repayment of Tranche B Loans made pursuant to clause first of paragraph (x) of this Section 2.14(a)(i)."

        (c)   The introductory language set forth in Section 2.14(a)(ii) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "If any Joint and Several Loan Party receives any Net Proceeds in respect of any Reduction Event, on the Deferred Tranche B Prepayment Date:"


        (d)   Section 2.14(a)(ii)(z) is hereby amended and restated in its entirety to read as follows:

            "(z)    the Total Tranche A Commitment will be reduced by an amount equal to the aggregate amount of the repayment of Tranche A Loans and cash collateralizations of Tranche A Letters of Credit made pursuant to clauses first and second of paragraph (x) of this Section 2.14(a)(ii) and the Total Tranche B Commitment will be reduced by an amount equal to the aggregate amount of the repayment of Tranche B Loans made pursuant to clause first of paragraph (x) of this Section 2.14(a)(ii)."

        (e)   Section 2.14(a)(iii) of the Existing DIP Credit Agreement is hereby amended by deleting the words "of each Class" at the end of such Section.

        (f)    The introductory language set forth in Section 2.14(a)(iv) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "Each optional and mandatory prepayment of the Tranche B Loans (each, a "Tranche B Unscheduled Prepayment") shall be subject to the following provisions of this subsection:"

        (g)   Section 2.14(a)(iv)(x) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "At least six Business Days prior to the date of the closing of any Reduction Event which would require the applicable Borrower to make the repayments and/or cash collateralizations contemplated by Sections 2.14(a)(i)(x) and 2.14(a)(ii)(x) above (or such later date as is practicable given the circumstances of such Reduction Event), the applicable Borrower shall deliver a notice (a "Tranche B Notice") to the Administrative Agent, which shall (x) state that the applicable Borrower intends to make a Tranche B Unscheduled Prepayment, (y) state the amount thereof and (z) contain an offer to prepay on a specified date (such date, the "Deferred Tranche B Prepayment Date"), which shall be the tenth Business Day after the date of the applicable Borrower's Tranche B Notice (or such other date as shall be mutually agreed upon between the applicable Borrower and the Administrative Agent, it being agreed that in no event shall such date be more than twenty Business Days after the date of the applicable Borrower's Tranche B Notice), the Tranche B Loans of each Tranche B DIP Lender by a principal amount equal to its Class Percentage of such Tranche B Unscheduled Prepayment. A Tranche B Notice delivered by any Borrower shall be given by telecopy and, if requested by the Administrative Agent, confirmed by hand delivery or overnight courier service, in each case addressed to the Administrative Agent as provided in Section 10.01. Promptly after it receives any Borrower's Tranche B Notice, the Administrative Agent shall deliver a notice complying with clause (y) of this subsection (a "Tranche B Prepayment Notice") to each Tranche B DIP Lender."

        (h)   Section 2.14(a)(iv)(z) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(z)    On each Deferred Tranche B Prepayment Date, the Administrative Agent shall instruct the Collateral Agent to withdraw from the relevant Borrower's Reduction Event Collateral Account an amount equal to the Reduction Event Prepayment Amount (as defined in Section 2.14(a)(v) below). On each Deferred Tranche B Prepayment Date, the Administrative Agent shall, with the proceeds withdrawn from the Reduction Event Collateral Account of the relevant Borrower as contemplated by the immediately preceding sentence, (A) prepay the Tranche B Loans of each Tranche B DIP Lender that shall have accepted (or be deemed to have accepted) such prepayment (each, an "Accepting Tranche B DIP Lender") by an amount equal to such Accepting Trache B DIP Lender's Class Percentage of the relevant Tranche B Unscheduled Prepayment and (B) prepay the Tranche A Loans and/or cash collateralize the Tranche A Letters of Credit of each Tranche A DIP Lender by an amount equal to its Class Percentage of the amount obtained by subtracting (1) the aggregate amount paid to the Accepting Tranche B DIP Lenders in accordance with the terms of clause (A) immediately above from (2) the Reduction Event Prepayment Amount."


        (i)    Section 2.14(a)(v) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(v)    Promptly after any Net Proceeds are received by or on behalf of any Loan Party in respect of any Reduction Event, and provided that the applicable Borrower is required to prepay Loans and/or cash collateralize Letters of Credit in accordance with the terms and conditions set forth in Section 2.14(a)(i)(x) and/or Section 2.14(a)(ii)(x), as applicable, upon receipt of such Net Proceeds, the applicable Borrower shall deposit all such Net Proceeds that are then required to be used to prepay Loans and/or cash collateralize Letters of Credit upon the occurrence of such Reduction Event (the aggregate amount of such Net Proceeds is referred to herein with respect to each such prepayment and/or cash collateralization as the "Reduction Event Prepayment Amount") in its Reduction Event Collateral Account to be held on deposit therein until applied to make the related prepayments and/or cash collateralizations that are contemplated hereby. Any Reduction Event Prepayment Amount shall be withdrawn from the applicable Reduction Event Collateral Account at the instruction of the Administrative Agent on the applicable Deferred Tranche B Prepayment Date and applied to make the prepayment and/or cash collateralizations to be made on such date as set forth in Section 2.14(a)(iv)(z) above."

        Section 23.    Amendment to Section 2.20 of the Existing DIP Credit Agreement.    Section 2.20 of the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with the phrase "Intentionally Omitted".

        Section 24.    Amendment to Section 2.22 of the Existing DIP Credit Agreement.    Section 2.22 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "The Borrowers shall pay with respect to each Letter of Credit (i) to the Administrative Agent on behalf of the Tranche A DIP Lenders a fee calculated (on the basis of the actual number of days elapsed over a year of 360 days) at the rate of the Applicable L/C Fee Rate per annum on the undrawn stated amount thereof and (ii) to the relevant Fronting Bank such Fronting Bank's customary fees for issuance, amendments and processing referred to in Section 2.04. In addition, each Borrower agrees to pay each Fronting Bank for its account a fronting fee in respect of each Letter of Credit issued by such Fronting Bank for such Borrower, for the period from and including the date of issuance of such Letter of Credit to and including the date of termination of such Letter of Credit, computed at a rate, and payable at times, to be determined by such Fronting Bank, the relevant Borrower and the Administrative Agent. Accrued fees described in clause (i) of the first sentence of this paragraph in respect of each Letter of Credit shall be due and payable monthly in arrears on each Monthly Payment Date and on the relevant Termination Date, or such earlier date as the Total Tranche A Commitment is terminated. Accrued fees described in clause (ii) of the first sentence of this paragraph in respect of each Letter of Credit shall be payable at times to be determined by the relevant Fronting Bank, the relevant Borrower and the Administrative Agent."

        Section 25.    Amendment to Section 3.04(b) of the Existing DIP Credit Agreement.    Section 3.04(b) of the Existing DIP Credit Agreement is hereby amended by deleting the reference to "December 31, 2001" set forth in the first line thereof and replacing such reference with "December 31, 2003".

        Section 26.    Amendment to Section 3.11 of the Existing DIP Credit Agreement.    Section 3.11 of the Existing DIP Credit Agreement is hereby amended by deleting the words "Except as disclosed in the Borrower's Form 10-K for the year ended December 31, 2000, the Borrower's Form 10-Q for the quarter ended March 31, 2001, and the Current SEC Reports and Environmental Reports" set forth in the first, second and third lines thereof and replacing such deleted language with "Except as disclosed in the Current SEC Reports,"

        Section 27.    Amendment to Section 3.13 of the Existing DIP Credit Agreement.    (a) Section 3.13 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "Section 3.13.    Franchise Agreements.    Schedule 3.13 sets forth, with respect to each Loan Party (i) the franchise agreements to which such Loan Party is a party as of January 31, 2005 and


    (ii) the locations and minimum number of subscribers in each region in which the related Borrower Group of such Loan Party operates, in each case as of January 31, 2005."

        (b)   Schedule 3.13 to the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with Schedule 3.13 attached hereto.

        Section 28.    Amendment to Section 4.03(d) of the Existing DIP Credit Agreement.    (a) Section 4.03(d) of the Existing DIP Credit Agreement is hereby amended by deleting the last sentence thereof in its entirety and replacing such last sentence with the following sentence:

            "An order of the Bankruptcy Court approving the Third Amended and Restated Credit and Guaranty Agreement, dated as of February 25, 2005, among the Loan Parties and the lenders and agents party thereto, in substantially the form of Exhibit H (the "Extension Order") and reasonably acceptable to the Co-Lead Arrangers, shall be in full force and effect, and shall not have been stayed, reversed, modified or amended in any respect without the prior written consent of the Co-Lead Arrangers; and if the Extension Order is the subject of a pending appeal in any respect, neither the occurrence of any Credit Event nor the performance by any Loan Party of any of their respective obligations under any of the Loan Documents shall be the subject of a presently effective stay pending appeal."

        (b)   Exhibit H to the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with Exhibit H attached hereto.

        Section 29.    Amendment to Section 4.03(h) of the Existing DIP Credit Agreement.    Section 4.03(h) of the Existing DIP Credit Agreement is hereby deleted in its entirety and replaced with the phrase "Intentionally Omitted".

        Section 30    Amendments to Section 5.01 of the Existing DIP Credit Agreement.    (a) Section 5.01(a) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(a)    within 90 days after the end of each fiscal year (but, in the case of the 2004 fiscal year, (1) with respect to the financial statements required to be delivered pursuant to clause (x) immediately below, no later than June 30, 2005, and (2) with respect to the financial statements required to be delivered pursuant to clause (y) immediately below, no later than July 31, 2005), (x) the Parent's consolidated balance sheet and related statement of income and cash flows showing the financial condition of the Parent Group on a consolidated basis, as of the close of such fiscal year, and the results of operations of the Parent Group during such fiscal year, such statements to be audited by PricewaterhouseCoopers or other independent public accountants of recognized national standing acceptable to the Required DIP Lenders and accompanied by an opinion of such accountants (which shall not be qualified in any material respect other than with respect to the Cases), and such consolidated financial statements shall be certified on behalf of the Parent by a Financial Officer of the Parent to the effect that such consolidated financial statements fairly present the financial condition and results of operations of the Parent Group on a consolidated basis in accordance with GAAP consistently applied, and (y) a combining schedule which shall contain unaudited balance sheets and related unaudited statements of income and cash flows showing the financial condition of (A) each Borrower Group (other than the Seven A Borrower Group, the Seven B Borrower Group and the Seven C Borrower Group), separately, on a combined basis, as of the close of the relevant fiscal year, and the results of operations of each such Borrower Group during such fiscal year and (B) the Seven A Borrower Group, the Seven B Borrower Group and the Seven C Borrower Group on a combined basis, as of the close of the relevant fiscal year, and the combined results of operations of such Borrower Groups during such fiscal year, and such combining schedule shall be certified on behalf of the relevant Borrower Group or Borrower Groups, as the case may be, by a Financial Officer of the Borrower in such Borrower Group or Borrower Groups, as the case may be, to the effect that such combining schedule fairly presents the financial condition and results of operations of the relevant Borrower Group or Borrower Groups, as the case may be, on a combined basis in accordance with GAAP consistently applied, subject to normal year end audit adjustments, it being agreed that such


    combining schedule and/or the certification required to be made by the applicable Financial Officer hereunder may refer or be made subject to (aa) any qualifications or exceptions that were included in the financial statements and/or the certification delivered by the relevant Borrower Group or Borrower Groups pursuant to Section 5.01(b) below for the monthly period ended December 31, 2004 and (bb) the matters described under the sections entitled "Risk Factors" and "Legal Proceedings" in the Parent's Annual Report on Form 10-K for the fiscal year ended December 31, 2003, which was filed with the SEC on December 23, 2004 (the matters referred to in clauses (aa) and (bb) above are hereinafter referred to as the "Permitted Qualifications")."

        (b)   Section 5.01(b) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(b)    within 45 days after the end of each month of each fiscal year, (i) such Borrower's balance sheets and related statements of income and cash flows, showing the financial condition of such Borrower's Borrower Group on a combined (and not a separate company) basis, as of the close of such month and the results of such Borrower Group's operations during such month and the then elapsed portion of such fiscal year, each set of such financial statements to be certified on behalf of such Borrower by a Financial Officer of such Borrower as fairly presenting the financial condition and results of operations of such Borrower's Borrower Group on a combined (and not a separate company) basis in accordance with GAAP consistently applied, subject to normal year end audit adjustments, it being agreed that such financial statements and/or the certification required to be made by the applicable Financial Officer hereunder may refer or be made subject to the Permitted Qualifications, (ii) the Parent's balance sheets and related statements of income and cash flows, showing the financial condition of the Parent Group on a consolidated basis, as of the close of such month and the results of the Parent Group's operations during such month and the then elapsed portion of such fiscal year, each set of such financial statements to be certified on behalf of the Parent by a Financial Officer of the Parent as fairly presenting the financial condition and results of operations of the Parent Group on a consolidated basis in accordance with GAAP consistently applied, subject to normal year end audit adjustments, and (iii) certain operating statistics of such Borrower in a form acceptable to the Co-Lead Arrangers, certified on behalf of such Borrower by a Financial Officer of such Borrower as to the accuracy thereof;"

        (c)   Section 5.01(c) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(c)    concurrently with any delivery of financial statements under clauses (a) or (b) above with respect to any Borrower or the Parent, (i) a certificate of the applicable Financial Officer (A) certifying on behalf of the applicable Borrower or the Parent, as the case may be, the accuracy of such financial statements in all material respects, provided that in the case of any such financial statements delivered by a Borrower, such financial statements and/or the certification required to be made by the applicable Financial Officer hereunder may refer or be made subject to the Permitted Qualifications, (B) certifying on behalf of the applicable Borrower or the Parent, as the case may be, that to the best of such Financial Officer's knowledge, no Default or Event of Default has occurred during the period covered by such financial statements and is continuing (other than, with respect to any Several Borrower, a Default or Event of Default with respect to any Loan Party that does not belong to such Several Borrower's Borrower Group) or, if such a Default or Event of Default has occurred and is continuing, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto, (C) setting forth computations in reasonable detail satisfactory to the Co-Lead Arrangers demonstrating compliance with the provisions of Sections 6.03, 6.04, 6.05, 6.10 and 6.11 and (D) setting forth in reasonable detail a reconciliation of the financial results of such Borrower Group or the Parent Group, as the case may, set forth in such financial statements with the projected financial results for relevant period set forth in the Long-Term Budget;"


        Section 31.    Amendment to Section 5.12(b) of the Existing DIP Credit Agreement.    Section 5.12(b) of the Existing DIP Credit Agreement is hereby amended by deleting the reference to "$500,000" set forth in the sixth line thereof and replacing such reference with "$2,000,000."

        Section 32.    Change in Borrowing Limits; Related Amendment to Definition of Borrower Limit.    (a)  The definition of "Borrowing Limit" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            ""Borrowing Limit" shall mean, at any time, (i) prior to the occurrence of the Triggering Event, and with respect to any Borrower Group, the amount set forth opposite the applicable Borrower's name under the heading "Initial Borrowing Limits" in Part I of Annex E attached hereto and (ii) from and after the occurrence of the Triggering Event, and with respect to any Borrower Group, the amount set forth opposite the applicable Borrower's name under the heading "Final Borrowing Limits" in Part I of Annex E attached hereto, in each case as reduced from time to time pursuant to Sections 2.11 and 2.14 or as amended from time to time in accordance with Section 10.10 below pursuant to an amendment entered into by the Loan Parties and the Required DIP Lenders. For purposes hereof, the term "Triggering Event" shall mean the delivery by the Parent to the Administrative Agent of a written notice certifying to the Administrative Agent that either (i) Century-TCI Holdings, LLC and TCI Adelphia Holdings, LLC (collectively, the "JV Partners") have consented to the increase and decrease, as applicable, to the Borrowing Limits contemplated under the heading "Final Borrowing Limits" in Part I of Annex E attached hereto in respect of the Century-TCI and Parnassos Borrower Groups or (ii) the Bankruptcy Court has (x) entered an order pursuant to which it has determined that the consent of the JV Partners is not required to effectuate the increase and decrease, as applicable, to the Borrowing Limits of the Century-TCI and Parnassos Borrower Groups as contemplated under the heading "Final Borrowing Limits" in Part I of Annex E attached hereto or (y) otherwise entered an order authorizing the increase and decrease, as applicable, to the Borrowing Limits of the Century-TCI and Parnassos Borrower Groups as contemplated under the heading "Final Borrowing Limits" in Part I of Annex E attached hereto. The DIP Lenders and the Agents hereby acknowledge and agree that the change in the Borrowing Limits of the applicable Borrower Groups contemplated hereby upon the occurrence of the Triggering Event shall occur automatically upon the delivery of the requisite notice by the Parent described in the definition of "Triggering Event" herein and that the change in such Borrowing Limits shall not be deemed an amendment to this Agreement and shall not require the consent or approval of the DIP Lenders or any Agent hereunder, notwithstanding any term contained herein to the contrary, it being understood and agreed that any other change in the Borrowing Limits (other than those expressly contemplated in Part I of Annex E hereto upon the occurrence of the Triggering Event and those otherwise permitted under the terms of this Agreement) shall require the consent of the requisite DIP Lenders on the terms set forth herein. Notwithstanding anything contained herein to the contrary, in no event, including upon the occurrence of the Triggering Event, shall (A) the Borrowing Limit of a Borrower Group hereunder be reduced to an amount below the then Outstanding Exposure of such Borrower Group or (B) the Borrowing Limit of a Borrower Group hereunder be reduced to an amount that would cause the Letter of Credit Outstandings of a Borrower in any Borrower Group to exceed such Borrower's Letter of Credit Sublimit."

        (b)   Part I of Annex E to the Existing DIP Credit Agreement is hereby replaced in its entirety by Part I of Annex E attached hereto.

        Section 33.    Change in Financial Covenant Levels.    Part II of Annex E to the Existing DIP Credit Agreement is hereby replaced in its entirety by Part II of Annex E attached hereto.

        Section 34.    Amendment to Section 6.10(b).    The definition of "Permitted Inter-Group Debt" set forth in Section 6.10(b) of the Existing DIP Credit Agreement is hereby amended by adding the following new language to the end of such definition:

            "provided, however, that any intercompany debt incurred by a Loan Party that arises out of the Specified Funding Transaction (as such term is defined in Amendment No. 13 to the Amended and


    Restated Credit and Guaranty Agreement, dated as of August 26, 2002, among the Parent and the other parties identified therein) shall not be deemed Permitted Inter-Group Debt for purposes of this Agreement and the other Loan Documents."

        Section 35.    Amendment to Section 7.01(l) of the Existing DIP Credit Agreement.    Section 7.01(l) of the Existing DIP Credit Agreement is hereby amended by (a) deleting the word "and" at the end of clause (viii) thereof and replacing it with a comma and (b) inserting the word "and" and the following new clause (x) at the end of clause (ix) thereof:

            "(x)    any other Pre-Petition Payment that the Loan Parties (or any of them) may determine to pay (whether in cash or otherwise) from time to time, provided that (A) no such individual Pre-Petition Payment shall exceed $1,500,000 and (B) all such Pre-Petition Payments (excluding any Pre-Petition Payments permitted to be paid by the Loan Parties pursuant to any other provision of this Agreement, including any such Pre-Petition Payment permitted to be paid by the Loan Parties pursuant to the terms of Section 6 of Amendment No. 1 to the Amended and Restated Credit and Guaranty Agreement, dated as of August 26, 2002, among the Parent and the other parties named therein), do not exceed $15,000,000 in the aggregate; or"

        Section 36.    Amendment to Section 8.02(b) of the Existing DIP Credit Agreement.    Section 8.02(b) of the Existing DIP Credit Agreement is hereby amended by deleting the parenthetical "(except that any amounts to be paid to any Tranche B DIP Lender and required to be deposited pursuant to Section 2.02(b) in its Tranche B Credit-Linked Account shall be so deposited)" in the second sentence thereof in its entirety.

        Section 37.    Amendment to Section 8.10 of the Existing DIP Credit Agreement.    Section 8.10 of the Existing DIP Credit Agreement is hereby amended by deleting the last sentence set forth therein in its entirety.

        Section 38.    Amendment to Section 10.03(b) of the Existing DIP Credit Agreement.    Section 10.03(b) of the Existing DIP Credit Agreement is hereby amended by deleting the last sentence of said Section 10.03(b) in its entirety.

        Section 39.    Amendment to Section 10.10 of the Existing DIP Credit Agreement.    Section 10.10(a) of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(a)    No modification, amendment or waiver of any provision of this Agreement or the Amended and Restated Security and Pledge Agreement and no consent to any departure by any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Loan Parties and the Required DIP Lenders, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given; provided, however, that (1) no such modification or amendment shall, without the written consent of the DIP Lender affected thereby (x) increase the Tranche A Commitment or the Tranche B Commitment of a DIP Lender or (y) reduce the principal amount of any Loan or any Reimbursement Obligation or the rate of interest payable thereon, or extend any date for the payment of interest hereunder or reduce any Fees payable hereunder or extend the final maturity of any Borrower's obligations hereunder; (2) any waiver of compliance with the reporting requirements set forth in Section 5.01(k), 5.01(l), 5.01(m), 5.01(n), 5.01(o) and 5.01(q) or any Event of Default arising solely from non-compliance therewith shall be binding on all the DIP Lenders if consented to by the Co-Lead Arrangers, (3) no such modification or amendment shall, without the written consent of (A) all of the DIP Lenders (i) amend or modify any provision of this Agreement that provides for the unanimous consent or approval of the DIP Lenders, (ii) change the percentage set forth in the definition of Required DIP Lenders or Super-Majority DIP Lenders or any other provision of any Loan Document specifying the number or percentage of DIP Lenders required to take any action thereunder or (iii) amend or modify the Superpriority Claim status of the DIP Lenders contemplated by Section 2.24 or the rank of the Liens for the benefit of the Agents, the Fronting Banks and the DIP Lenders contemplated thereby, (B) the Super-Majority DIP Lenders (as hereinafter defined), release all or substantially all of the Collateral or all or substantially all of the


    Guarantors, or (C) all of the Initial DIP Lenders, change any provision set forth in the definition of Initial Majority DIP Lenders and (4) no such modification or amendment shall, without the written consent of the Initial Majority DIP Lenders, modify, amend or waive any provision that expressly requires the consent or approval of the Initial Majority DIP Lenders so as to amend, modify or waive the requirement of such consent or approval. No such amendment or modification may adversely affect the rights and obligations of any Agent or any Fronting Bank hereunder without its prior written consent. Each assignee under Section 10.03(b) shall be bound by any amendment, modification, waiver, or consent authorized as provided herein, and any consent by a DIP Lender shall bind any Person subsequently acquiring an interest on the Loans held by such DIP Lender. No modification, amendment or waiver of any provision of any SPV Guarantee and no consent to any departure by any SPV Guarantor party thereto therefrom shall in any event be effective unless entered into in accordance therewith.

        Section 40.    Acknowledgement of Existing Waivers.    Each DIP Lender hereby acknowledges and agrees that any and all Existing Waivers shall continue to remain in full force and effect on and after the Restatement Effective Date and shall be binding upon and be enforceable against all of the DIP Lenders hereunder. "Existing Waivers" means all written waivers (whether in respect of compliance with the terms of, Defaults or Events of Defaults under, or other matters pertaining to, the Existing DIP Credit Agreement) granted by the DIP Lenders under the terms of the Existing DIP Credit Agreement prior to the Restatement Effective Date.

        Section 41.    New DIP Lenders, Extending DIP Lenders and Exiting DIP Lenders.    (a) With effect from and including the Restatement Effective Date, (i) each Person listed on the signature pages hereof that is not a party to the Existing DIP Credit Agreement (each, a "New DIP Lender") shall become a DIP Lender on the terms and subject to the conditions set forth in this Amended and Restated DIP Credit Agreement, (ii) each Person who, immediately prior to the Restatement Effective Date, was a DIP Lender under the terms of the Existing DIP Credit Agreement, and whose name is set forth on the signature pages hereof (each, an "Extending DIP Lender"), shall continue to be a DIP Lender on the terms and subject to the conditions set forth in this Amended and Restated DIP Credit Agreement and (iii) each Person who, immediately prior to the Restatement Effective Date, was a DIP Lender under the terms of the Existing DIP Credit Agreement, but whose name is not set forth on the signature pages hereof (each, an "Exiting DIP Lender"; the Exiting DIP Lenders and the Extending DIP Lenders are collectively referred to as the "Old DIP Lenders"), shall, subject to the terms hereof, cease to be a DIP Lender and shall not be a party to, or otherwise have any rights or be subject to any obligations under, this Amended and Restated DIP Credit Agreement.

        (b)   On the Restatement Effective Date, (i) Annex A to the Existing DIP Credit Agreement shall be replaced in its entirety by Annex A attached hereto, with the Tranche A Commitment of each Extending DIP Lender and each New DIP Lender whose name is set forth on said Annex A attached hereto being the amount set forth opposite the name of such Tranche A DIP Lender thereon, (ii) Annex D to the Existing DIP Credit Agreement shall be replaced in its entirety by Annex D attached hereto, with the Tranche B Commitment of each Extending DIP Lender and each New DIP Lender whose name is set forth on said Annex D attached hereto being the amount set forth opposite the name of such Tranche B DIP Lender thereon, subject in the case of clauses (i) and (ii) immediately above, to the reduction of the Tranche A Commitments of the Tranche A DIP Lenders and/or the reduction of the Tranche B Commitments of the Tranche B DIP Lenders in accordance with and subject to the terms of this Amended and Restated DIP Credit Agreement and (iii) the Tranche A Commitment and the Tranche B Credit-Linked Deposit Amount (and the Tranche B Commitment) of each Exiting DIP Lender shall be $0. From and after the Restatement Effective Date, each Extending DIP Lender and each New DIP Lender that has a Tranche A Commitment in excess of $0 as set forth on Annex A attached hereto, shall from time to time fund Loans and participate in Letters of Credit (including the funding of Loans and the participations in Letters of Credit contemplated by Sections 41(c) and 41(d) below) on the terms and subject to the conditions set forth in this Amended and Restated DIP Credit Agreement, including that the conditions to borrowing under this Amended and Restated DIP Credit Agreement are met on the date of such Borrowing. On the Restatement Effective



Date, each Extending DIP Lender and each New DIP Lender that has a Tranche B Commitment in excess of $0 as set forth on Annex D attached hereto shall make the Tranche B Loans contemplated by Section 2.03 of this Amended and Restated DIP Credit Agreement.

        (c)   On the Restatement Effective Date, each Borrower shall repay the entire principal amount of, and all accrued and unpaid interest on, the Loans of the Old DIP Lenders made to such Borrower which are outstanding under the Existing DIP Credit Agreement immediately prior to the Restatement Effective Date (the "Outstanding Loans"), which amounts are set forth on Schedule 41-1 attached hereto. On the Restatement Effective Date, the Borrowers repaying Outstanding Loans as contemplated by the immediately preceding sentence hereof shall deliver a notice or notices pursuant to Section 2.07(b) of the Existing DIP Credit Agreement requesting a Borrowing or Borrowings of ABR Loans or Eurodollar Loans, as the case may be, in an aggregate principal amount up to the aggregate amount of the Outstanding Loans (including all accrued and unpaid interest on, and the other amounts payable under Section 41(e) below in respect of, such Outstanding Loans) of such Borrower being repaid as contemplated hereby, and each such Borrower shall direct that the proceeds from all such Borrowings (together, if applicable, with any available cash that such Borrower determines to use in connection therewith) be used to repay the entire principal amount of such Outstanding Loans and all accrued and unpaid interest on, and the other amounts payable under Section 41(e) below in respect of, such Outstanding Loans. All Tranche A Loans and all Tranche B Loans made to the Borrowers on the Restatement Effective Date as contemplated by the immediately preceding sentence hereof (and, subject to the terms of this Amended and Restated DIP Credit Agreement, all Tranche A Loans made after the Restatement Effective Date) shall, in accordance with Section 2.01(a) of the Existing DIP Credit Agreement and, in the case of the Tranche B Loans, Section 2.03 of this Amended and Restated DIP Credit Agreement, be funded by each Extending DIP Lender and each New DIP Lender that is a Tranche A DIP Lender or a Tranche B DIP Lender, as the case may be, pro rata in accordance with such DIP Lender's Class Percentage of the relevant Class.

        (d)   On the Restatement Effective Date, all participations by each Old DIP Lender in Letters of Credit outstanding under the Existing DIP Credit Agreement immediately prior to the Restatement Effective Date (the "Outstanding Letters of Credit") shall be deemed to be cancelled, it being understood and agreed that the deemed cancellation of the participations of the Old DIP Lenders in such Outstanding Letters of Credit shall not in any way affect the Outstanding Letters of Credit, which shall remain unaltered and in full force and effect from, after and including the Restatement Effective Date on the terms set forth herein and in such Outstanding Letters of Credit; the aggregate face amount of the Outstanding Letters of Credit is set forth on Schedule 41-1. Pursuant to a notice given by certain Borrowers to the Fronting Bank and the Administrative Agent on the Restatement Effective Date, all Outstanding Letters of Credit shall, on the Restatement Effective Date, be deemed to be Tranche A Letters of Credit and all participations in such Outstanding Letters of Credit shall, in accordance with the terms of Section 2.04(g) of the Existing DIP Credit Agreement, be allocated to and assumed by each Extending DIP Lender and each New DIP Lender that is a Tranche A DIP Lender in accordance with their Class Percentages.

        (e)   With respect to the prepayment of Outstanding Loans made pursuant to Section 41(c) above, the Borrowers agree to reimburse each applicable Old DIP Lender, including each Exiting DIP Lender, for any funding losses incurred in connection therewith that are required to be paid by the Loan Parties pursuant to the terms of the Existing DIP Credit Agreement.

        (f)    Subject to the terms and conditions hereof, the transactions contemplated by this Section 41 shall be consummated on the Restatement Effective Date on the terms set forth herein, notwithstanding any term in the Existing DIP Credit Agreement, including without limitation, any term set forth in Article 2 thereof, that would otherwise prohibit or restrict the consummation of such transactions on the terms set forth herein, with all such terms and conditions that would otherwise prohibit or restrict the consummation of the transactions contemplated hereby being waived solely for the purpose of such consummation.



        Section 42.    Representations of Loan Parties.    Subject to the terms of Section 3.15 of the Existing DIP Credit Agreement, each Loan Party represents and warrants that (i) the representations and warranties of the Loan Parties set forth in the Loan Documents (after giving effect to the amendments thereto contemplated hereby) will be true and correct in all material respects on and as of the Restatement Effective Date with the same effect as if made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (which shall be true and correct in all material respects on and as of such earlier date) and (ii) no Default or Event of Default will have occurred and be continuing on such date.

        Section 43.    Governing Law.    THIS AMENDED AND RESTATED DIP CREDIT AGREEMENT SHALL IN ALL RESPECTS BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE AND THE BANKRUPTCY CODE.

        Section 44.    Counterparts; Effectiveness.    This Amended and Restated DIP Credit Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Amended and Restated DIP Credit Agreement shall become effective on the date (the "Restatement Effective Date", which shall occur contemporaneously with the Closing Date) when:

        (a)   the Administrative Agent shall have received from each of the Loan Parties and the DIP Lenders (other than any Exiting DIP Lender) a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof (and the DIP Lenders as to which the Administrative Agent shall have received such counterparts or such confirmation shall constitute the Super-Majority DIP Lenders under the Existing DIP Credit Agreement as in effect immediately prior to the effectiveness of this Amended and Restated DIP Credit Agreement);

        (b)   the Administrative Agent shall have received (i) an opinion of Willkie Farr & Gallagher LLP, counsel for the Loan Parties and (ii) an opinion of in-house counsel to the Parent, in each case dated the Restatement Effective Date in form and substance reasonably satisfactory to the Co-Lead Arrangers;

        (c)   all fees payable pursuant to the terms of that certain fee letter, dated January 26, 2005, among certain of the Loan Parties and certain of the financial institutions party hereto shall have been paid in full;

        (d)   any Commitment Fee which is accrued and unpaid (whether due to an Exiting DIP Lender or an Extending DIP Lender) as of the Restatement Effective Date under the terms of the Existing DIP Credit Agreement shall have been paid in accordance with Section 2.21 thereof;

        (e)   any fee payable in respect of any issued and outstanding Letter of Credit (whether due to an Exiting DIP Lender or an Extending DIP Lender) that is accrued and unpaid as of the Restatement Effective Date under the terms of the Existing DIP Credit Agreement shall have been paid in accordance with Section 2.22 thereof; and

        (f)    the DIP Lenders shall have received a certified copy of the Extension Order, reasonably acceptable to the Co-Lead Arrangers, which (i) shall have been entered with the consent or non-objection of a preponderance of the Pre-Petition Lenders (as determined in the reasonable discretion of the Co-Lead Arrangers after consultation with the Parent) upon an application or motion of the Loan Parties reasonably satisfactory in form and substance to the Co-Lead Arrangers, on such prior notice to such parties (including the Pre-Petition Lenders) as may in each case be reasonably satisfactory to the Co-Lead Arrangers, (ii) shall be in full force and effect and (iii) shall not have been stayed, reversed, modified or amended in any respect.



        The Administrative Agent shall promptly notify the Loan Parties and the DIP Lenders, including any Exiting DIP Lender, of the effectiveness of this Amended and Restated DIP Credit Agreement, and such notice shall be conclusive and binding on all parties hereto.

[Signature pages follow.]


        IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated DIP Credit Agreement to be duly executed as of the date first above written.

    JPMORGAN CHASE BANK, N.A., as Administrative Agent and Lender

 

 

By:

 

/s/
BRUCE BORDEN
Name: Bruce Borden
Title:
Vice President

 

 

JPMORGAN SECURITIES INC., as Joint Bookrunner and Co-Lead Arranger

 

 

By:

 

/s/
BRUCE BORDEN
Name: Bruce Borden
Title:
Vice President

    CITICORP NORTH AMERICA, INC., as Collateral Agent and Lender

 

 

By:

 

/s/
RICHARD BANZIGER
Name: Richard Banziger
Title:
Managing Director

 

 

CITIGROUP GLOBAL MARKETS INC., as Joint Bookrunner and Co-Lead Arranger and Syndication Agent

 

 

By:

 

/s/
RICHARD BANZIGER
Name: Richard Banziger
Title:
Managing Director

    WACHOVIA BANK, N.A., as Co-Syndication Agent and Lender

 

 

By:

 

/s/
HELEN F. WESSLING
Name: Helen F. Wessling
Title:
Managing Director

    THE BANK OF NOVA SCOTIA, as Co-Documentation Agent and Lender

 

 

By:

 

/s/
STEPHEN C. LEVI
Name: Stephen C. Levi
Title:
Director

 

 

BANK OF AMERICA, N.A., as Co-Documentation Agent and Lender

 

 

By:

 

/s/
WILLIAM E. LIVINGSTONE, IV
Name: William E. Livingstone, IV
Title:
Senior Vice President

 

 

GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agent and Lender

 

 

By:

 

/s/
CHRISTOPHER COX
Name: Christopher Cox
Title:
Duly Authorized Signatory

    CREDIT SUISSE FIRST BOSTON, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH, as Lender

 

 

By:

 

/s/
MEGAN KANE
Name: Megan Kane
Title:
Vice President

 

 

By:

 

/s/
SHARON MEADOWS
Name: Sharon Meadows
Title:
Managing Director

 

 

DEUTSCHE BANK AG NEW YORK BRANCH, as Lender

 

 

By:

 

/s/
ANCA TRIFAN
Name: Anca Trifan
Title:
Director

 

 

By:

 

/s/
PAUL O'LEARY
Name: Paul O'Leary
Title:
Vice President

 

 

THE FOOTHILL GROUP, INC., Lender

 

 

By:

 

/s/
JEFF NIKORA
Name: Jeff Nikora
Title:
EVP

    CALYON NEW YORK BRANCH, as Lender

 

 

By:

 

/s/
JOHN MCCLOSKEY
Name: John McCloskey
Title:
Director

 

 

By:

 

/s/
ANNE G. SHEAN
Name: Anne G. Shean
Title:
Director

 

 

BANK OF MONTREAL, as Lender

 

 

By:

 

/s/
GEOFFREY R. MCCONNELL
Name: Geoffrey R. McConnell
Title:
Director

 

 

BAYERISCHE HYPO-UND VEREINSBANK AG, NEW YORK BRANCH, as Lender

 

 

By:

 

/s/
MIRIAM TRAUTMAN
Name: Miriam Trautman
Title:
Associate Director

 

 

By:

 

/s/
SALVATORE ESPOSITO
Name: Salvatore Esposito
Title:
Managing Director

    CIT LENDING SERVICES, as Lender

 

 

By:

 

/s/
MICHAEL V. MONAHAN
Name: Michael V. Monahan
Title:
Vice President

 

 

FOOTHILL INCOME TRUST, L.P., as Lender

 

 

By:

 

FIT GP, LLC, its Gen Partner

 

 

By:

 

/s/
JEFF NIKORA
Name: Jeff Nikora
Title:
Managing Member

    MAPLEWOOD (CAYMAN) LIMITED, as Lender

 

 

By:

 

Babson Capital Management LLC, as Investment Manager

 

 

By:

 

/s/
ADRIENNE MUSGNUG
Name: Adrienne Musgnug
Title:
Managing Director

 

 

MASSACHUSETTS LIFE INSURANCE COMPANY, as Lender

 

 

By:

 

Babson Capital Management LLC, as Investment Advisor

 

 

By:

 

/s/
ADRIENNE MUSGNUG
Name: Adrienne Musgnug
Title:
Managing Member

    FIDELITY ADVISOR SERIES II: FIDELITY FLOATING RATE HIGH INCOME FUND, as Lender

 

 

By:

 

/s/
JOHN H. COSTELLO
Name: John H. Costello
Title:
Assistant Treasurer

 

 

C-SQUARED CDO LTD., as Lender

 

 

By:

 

TCW Advisors, Inc., as its Portfolio Manager

 

 

By:

 

/s/
G. STEVEN KALIN
Name: G. Steven Kalin
Title:
Senior Vice President

 

 

TCW SELECT LOAN FUND, LIMITED, as Lender

 

 

By:

 

TCW Advisors, Inc., as its Collateral Manager

 

 

By:

 

/s/
MATTHEW A. MILLER
Name: Matthew A. Miller
Title:
Senior Vice President

 

 

By:

 

/s/
G. STEVEN KALIN
Name: G. Steven Kalin
Title:
Senior Vice President

    LOAN PARTIES:

 

 

ACC CABLE COMMUNICATIONS FL-VA, LLC

 

 

By:

 

ACC Cable Holdings VA, Inc., its sole member

 

 

ACC CABLE HOLDINGS VA, INC.

 

 

ACC HOLDINGS II, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ACC INVESTMENT HOLDINGS, INC.

 

 

ACC OPERATIONS, INC.

 

 

ACC TELECOMMUNICATIONS HOLDINGS LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ACC TELECOMMUNICATIONS LLC

 

 

By:

 

ACC Telecommunications Holdings LLC, its sole member
    By:   ACC Operations, Inc., its sole member

 

 

ACC TELECOMMUNICATIONS OF VIRGINIA LLC

 

 

By:

 

ACC Telecommunications Holdings LLC, its sole member
    By:   ACC Operations, Inc., its sole member

 

 

ACC-AMN HOLDINGS LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ADELPHIA VOICE SERVICES, INC.

    ADELPHIA ARIZONA, INC.

 

 

ADELPHIA BLAIRSVILLE, LLC

 

 

By:

 

Century Communications Corp., its sole member

 

 

ADELPHIA CABLE PARTNERS, L.P.

 

 

By:

 

Olympus Cable Holdings, LLC, its Managing General Partner
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

ADELPHIA CABLEVISION ASSOCIATES, L.P.

 

 

By:

 

Chelsea Communications, Inc., its general partner

 

 

ADELPHIA CABLEVISION CORP.

 

 

ADELPHIA CABLEVISION OF BOCA RATON, LLC

 

 

By:

 

Adelphia Cablevision Corp., its sole member

 

 

ADELPHIA CABLEVISION OF FONTANA LLC

 

 

By:

 

Clear Cablevision, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC

 

 

By:

 

Clear Cablevision, Inc., its sole member

    ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

ADELPHIA CABLEVISION, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF NEW YORK, INC.

 

 

ADELPHIA CABLEVISION OF NEWPORT BEACH, LLC

 

 

By:

 

Ft. Myers Cablevision, LLC, its sole member
    By:   Ft. Myers Acquisition Limited Partnership, its sole member
    By:   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

ADELPHIA CABLEVISION OF ORANGE COUNTY, LLC

 

 

By:

 

Ft. Myers Cablevision, LLC, its sole member
    By:   Ft. Myers Acquisition Limited Partnership, its sole member
    By:   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

ADELPHIA CABLEVISION OF ORANGE COUNTY II, LLC

 

 

By:

 

Mickelson Media, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF SAN BERNADINO, LLC

 

 

By:

 

Clear Cablevision, Inc., its sole member

    ADELPHIA CABLEVISION OF SANTA ANA, LLC

 

 

By:

 

UCA, LLC, its sole member
    By:   ACC Operations, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF SEAL BEACH, LLC

 

 

By:

 

Manchester Cablevision, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF SIMI VALLEY, LLC

 

 

By:

 

UCA, LLC, its sole member
    By:   ACC Operations, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF WEST PALM BEACH III, LLC

 

 

By:

 

Century New Mexico Cable Television Corp., its sole member

 

 

ADELPHIA CABLEVISION OF WEST PALM BEACH IV, LLC

 

 

By:

 

Sentinel Communications of Muncie, Indiana, Inc., its sole member

 

 

ADELPHIA CABLEVISION OF WEST PALM BEACH V, LLC

 

 

By:

 

Huntington CATV, Inc., its sole member

 

 

ADELPHIA CALIFORNIA CABLEVISION, LLC

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

    ADELPHIA CENTRAL PENNSYLVANIA, LLC
    By:   National Cable Acquisition Associates, L.P., its sole member
    By:   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general Partner

 

 

ADELPHIA CLEVELAND, LLC

 

 

By:

 

Adelphia of the Midwest, Inc., its sole member

 

 

ADELPHIA COMMUNICATIONS CORPORATION

 

 

ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC

 

 

By:

 

Adelphia Cablevision Corp., its sole member

 

 

ADELPHIA COMMUNICATIONS OF CALIFORNIA II, LLC

 

 

By:

 

Adelphia Cablevision Corp., its sole member

 

 

ADELPHIA COMMUNICATIONS OF CALIFORNIA III, LLC

 

 

By:

 

FrontierVision, its sole member
    By:   FrontierVision Holdings, L.P., its general partner
    By:   FrontierVision Partners, L.P., its general partner
    By:   Adelphia GP Holdings, L.L.C., its general partner
    By:   ACC Operations, Inc., its sole member

 

 

ADELPHIA COMMUNICATIONS INTERNATIONAL, INC.

 

 

ADELPHIA COMPANY OF WESTERN CONNECTICUT

    ADELPHIA GENERAL HOLDINGS III, INC.

 

 

ADELPHIA GS CABLE, LLC

 

 

By:

 

Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., it sole member
    By:   ACC Operations, Inc., its sole member

 

 

ADELPHIA GP HOLDINGS, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ADELPHIA HARBOR CENTER HOLDINGS, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ADELPHIA HOLDINGS 2001, LLC

 

 

By:

 

Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., it sole member
    By:   ACC Operations, Inc., its managing partner

 

 

ADELPHIA INTERNATIONAL II, LLC

 

 

By:

 

ACC Operations, Inc., its member
    By:   Adelphia Communications International, Inc., its member

 

 

ADELPHIA INTERNATIONAL III LLC

 

 

By:

 

ACC Operations, Inc., its member
    By:   Adelphia Communications International, Inc., its member

 

 

ADELPHIA OF THE MIDWEST, INC.

 

 

ADELPHIA MOBILE PHONES

    ADELPHIA PINELLAS COUNTY, LLC

 

 

By:

 

Ft. Myers Cablevision, L.L.C., its sole member
    By:   Ft. Myers Acquisition Limited Partnership, its sole member
    By   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

ADELPHIA PRESTIGE CABLEVISION, LLC

 

 

By:

 

Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its sole member

 

 

ADELPHIA TELECOMMUNICATIONS, INC.

 

 

ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.

 

 

ADELPHIA WELLSVILLE, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ADELPHIA WESTERN NEW YORK HOLDINGS, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

ARAHOVA COMMUNICATIONS, INC.

 

 

ARAHOVA HOLDINGS, LLC

 

 

By:

 

Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

BADGER HOLDING CORPORATION

    BETTER TV, INC. OF BENNINGTON

 

 

BLACKSBURG/SALEM CABLEVISION, INC.

 

 

BRAZAS COMMUNICATIONS, INC.

 

 

BUENAVISION TELECOMMUNICATIONS, INC.

 

 

CABLE SENRY CORPORATION

 

 

CALIFORNIA AD SALES, LLC

 

 

By:

 

Ft. Myers Cablevision, L.L.C., its sole member
    By:   Ft. Myers Acquisition Limited Partnership, its sole member
    By   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

CCC-III, INC.

 

 

CCC-INDIANA, INC.

 

 

CCH INDIANA, L.P.

 

 

By:

 

CCC-Indiana, its general partner

 

 

CDA CABLE, INC.

 

 

CENTURY ADVERTISING, INC.

 

 

CENTURY ALABAMA CORP

 

 

CENTURY ALABAMA HOLDING CORP.

 

 

CENTURY AUSTRALIA COMMUNICATIONS CORP.

 

 

CENTURY BERKSHIRE CABLE CORP.

    CENTURY CABLE HOLDINGS, LLC

 

 

By:

 

Century Cable Holding Corp., its sole member

 

 

CENTURY CABLE HOLDING CORP.

 

 

CENTURY CABLE MANAGEMENT CORPORATION

 

 

CENTURY CABLE OF SOUTHERN CALIFORNIA

 

 

CENTURY CABLEVISION HOLDINGS, LLC

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

CENTURY CAROLINA CORP.

 

 

CENTURY COLORADO SPRINGS CORP.

 

 

CENTURY COLORADO SPRINGS PARTNERSHIP

 

 

By:

 

Paragon Cable Television Inc., a general partner

 

 

CENTURY COMMUNICATIONS CORP.

 

 

CENTURY CULLMAN CORP.

 

 

CENTURY ENTERPRISE CABLE CORP.

 

 

CENTURY EXCHANGE, LLC

 

 

By:

 

Century Cable Holding Corp., its sole member

 

 

CENTURY FEDERAL, INC.

    CENTURY GRANITE CABLE TELEVISION CORP.

 

 

CENTURY HUNTINGTON COMPANY

 

 

CENTURY INDIANA CORP.

 

 

CENTURY ISLAND ASSOCIATES, INC.

 

 

CENTURY ISLAND CABLE TELEVISION CORP.

 

 

CENTURY INVESTMENT HOLDING CORP.

 

 

CENTURY INVESTORS, INC.

 

 

CENTURY KANSAS CABLE TELEVISION CORP.

 

 

CENTURY LYKENS CABLE CORP.

 

 

CENTURY MENDOCINO CABLE TELEVISION, INC.

 

 

CENTURY MISSISSIPPI CORP.

 

 

CENTURY MOUNTAIN CORP.

 

 

CENTURY NEW MEXICO CABLE TELEVISION CORP.

 

 

CENTURY NORWICH CORP.

 

 

CENTURY OHIO CABLE TELEVISION CORP.

 

 

CENTURY OREGON CABLE CORP.

 

 

CENTURY PACIFIC CABLE TV, INC.

 

 

CENTURY PROGRAMMING, INC.

 

 

CENTURY REALTY CORP.

    CENTURY SHASTA CABLE TELEVISION CORP.

 

 

CENTURY SOUTHWEST COLORADO CABLE TELEVISION CORP.

 

 

CENTURY-TCI CALIFORNIA COMMUNICATIONS, L.P.

 

 

By:

 

Century Exchange LLC, its general partner
    By:   Century Cable Holding Corp., its sole member

 

 

CENTURY-TCI CALIFORNIA, L.P.

 

 

By:

 

Century-TCI California Communications, L.P., its general partner
    By   Century Exchange LLC, its general partner
    By:   Century Cable Holding Corp., its sole member

 

 

CENTURY-TCI HOLDINGS, LLC

 

 

By:

 

Century-TCI California Communications, L.P., its general partner
    By   Century Exchange LLC, its general partner
    By:   Century Cable Holding Corp., its sole member

 

 

CENTURY TRINIDAD CABLE TELEVISION CORP.

 

 

CENTURY VIRGINIA CORP.

 

 

CENTURY VOICE AND DATA COMMUNICATIONS, INC.

 

 

CENTURY WARRICK CABLE CORP.

 

 

CENTURY WASHINGTON CABLE TELEVISION, INC.

 

 

CENTURY WYOMING CABLE TELEVISION CORP.

 

 

CHELSEA COMMUNICATIONS, INC.

    CHELSEA COMMUNICATIONS, LLC

 

 

By:

 

Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

CHESTNUT STREET SERVICES, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

CLEAR CABLEVISION, INC.

 

 

CMA CABLEVISION ASSOCIATES VII, L.P.

 

 

By:

 

Tele-Media Company of Tri-States, L.P., its general partner
    By:   Tri-States, L.L.C., its general partner
    By:   Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its managing general partner

 

 

CMA CABLEVISION ASSOCIATES XI, LIMITED PARTNERSHIP

 

 

By:

 

Tele-Media Company of Tri-States, L.P., its general partner
    By:   Tri-States, L.L.C., its general partner
    By:   Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its managing general partner

 

 

CORAL SECURITY, INC.

 

 

COWLITZ CABLEVISION, INC.

    CP-MDU I LLC

 

 

By:

 

Adelphia California Cablevision, L.L.C., its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

CP-MDU II LLC

 

 

By:

 

Adelphia California Cablevision, L.L.C., its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

E.& E. CABLE SERVICE, INC.

 

 

EASTERN VIRGINIA CABLEVISION HOLDINGS, LLC

 

 

By:

 

Eastern Virginia Cablevision, L.P., its sole member
    By:   TMC Holdings Corporation, its general partner

 

 

EASTERN VIRGINIA CABLEVISION, L.P.

 

 

By:

 

TMC Holdings Corporation, its general partner

 

 

EMPIRE SPORTS NETWORK, L.P.

 

 

By:

 

Parnassos Communications, L.P., its general partner
    By:   Adelphia Western New York Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FAE CABLE MANAGEMENT CORP.

    FOP INDIANA, L.P.

 

 

By:

 

FrontierVision Cable New England, Inc., its general partner

 

 

FRONTIERVISION ACCESS PARTNERS, LLC

 

 

By:

 

FrontierVision Operating Partners, L.P., its sole member
    By:   FrontierVision Holdings, L.P., its general partner
    By:   FrontierVision Partners, L.P., its general partner
    By:   Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FRONTIERVISION CABLE NEW ENGLAND, INC.

 

 

FRONTIERVISION CAPITAL CORPORATION

 

 

FRONTIERVISION HOLDINGS CAPITAL CORPORATION

 

 

FRONTIERVISION HOLDINGS CAPITAL II CORPORATION

 

 

FRONTIERVISION HOLDINGS L.L.C.

 

 

By:

 

FrontierVision Partners, L.P., its sole member
    By:   Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FRONTIERVISION HOLDINGS L.P.

 

 

By:

 

FrontierVision Partners, L.P., its general partner
    By:   Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

    FRONTIERVISION OPERATING PARTNERS L.L.C.

 

 

By:

 

FrontierVision Holdings, L.P., its sole member
    By:   FrontierVision Partners, L.P., its general partner
    By:   Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FRONTIERVISION OPERATING PARTNERS L.P.

 

 

By:

 

FrontierVision Holdings, L.P., its general partner
    By:   FrontierVision Partners, L.P., its general partner
    By:   Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FRONTIERVISION PARTNERS L.P.

 

 

By:

 

Adelphia GP Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

FT. MYERS ACQUISITION LIMITED PARTNERSHIP

 

 

By:

 

Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

FT. MYERS CABLEVISION, LLC

 

 

By:

 

Ft. Myers Acquisition Limited Partnership, its sole member
    By:   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

    GENESIS CABLE COMMUNICATIONS SUBSIDIARY, L.L.C.

 

 

By:

 

ACC Cable Communications FL-VA, LLC, its sole member
    By:   ACC Cable Holdings VA, Inc., its sole member

 

 

GLOBAL ACQUISITION PARTNERS, L.P.

 

 

By:

 

Global Cablevision II, LLC, its general partner
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

GLOBAL CABLEVISION II, LLC

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing partner

 

 

THE GOLF CLUB AT WENDING CREEK FARMS, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

GRAFTON CABLE COMPANY

 

 

GS CABLE LLC

 

 

By:

 

Adelphia GS Cable, LLC, its sole member
    By:   Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

    GS TELECOMMUNICATIONS LLC

 

 

By:

 

GS Cable, LLC, its sole member
    By:   Adelphia GS Cable, LLC, its sole member
    By:   Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

HARRON CABLEVISION OF NEW HAMPSHIRE, INC.

 

 

HUNTINGTON CATV, INC.

 

 

IMPERIAL VALLEY CABLEVISION, INC.

 

 

KALAMAZOO COUNTY CABLEVISION, INC.

 

 

KEY BISCAYNE CABLEVISION

 

 

By:

 

Adelphia Cable Partners, LP, a general partner
    By:   Olympus Cable Holdings, LLC, its managing general partner
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

KOOTENAI CABLE, INC.

 

 

LAKE CHAMPLAIN CABLE TELEVISION CORPORATION

 

 

LEADERSHIP ACQUISITION LIMITED PARTNERSHIP

 

 

By:

 

Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

    LOUISA CABLEVISION, INC.

 

 

MANCHESTER CABLEVISION, INC

 

 

MARTHA'S VINEYARD CABLEVISION, L.P.

 

 

By:

 

Century Cable Holdings, LLC, its general partner
    By:   Century Cable Holding Corp., its sole member

 

 

MERCURY COMMUNICATIONS, INC.

 

 

MICKELSON MEDIA, INC.

 

 

MICKELSON MEDIA OF FLORIDA, INC.

 

 

MONUMENT COLORADO CABLEVISION, INC.

 

 

MOUNTAIN CABLE COMMUNICATIONS CORPORATION

 

 

MOUNTAIN CABLE COMPANY, L.P.

 

 

By:

 

Pericles Communications Corporation, its managing general partner

 

 

MONTGOMERY CABLEVISION, INC.

 

 

MT. LEBANON CABLEVISION, INC.

 

 

MULTI-CHANNEL T.V. CABLE COMPANY

 

 

NATIONAL CABLE ACQUISITION ASSOCIATES, L.P.

 

 

By:

 

Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

    OLYMPUS CABLE HOLDINGS, LLC

 

 

By:

 

Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

OLYMPUS CAPITAL CORPORATION

 

 

OLYMPUS COMMUNICATIONS HOLDINGS, L.L.C.

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

OLYMPUS COMMUNICATIONS, L.P.

 

 

By:

 

ACC Operations, Inc., its managing general partner

 

 

OLYMPUS SUBSIDIARY, LLC

 

 

By:

 

Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

OWENSBORO-BRUNSWICK, INC.

 

 

OWENSBORO INDIANA, L.P.

 

 

By:

 

Century Granite Cable Television Corp., its general partner

 

 

OWENSBORO ON THE AIR, INC.

 

 

PAGE TIME, INC.

 

 

PARAGON CABLE TELEVISION INC.

 

 

PARAGON CABLEVISION CONSTRUCTION CORPORATION

    PARAGON CABLEVISION MANAGEMENT CORPORATION

 

 

PARNASSOS COMMUNICATIONS, L.P.

 

 

By:

 

Adelphia Western New York Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

PARNASSOS HOLDINGS, LLC

 

 

By:

 

Parnassos Communications, L.P., its sole member
    By:   Adelphia Western New York Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

PARNASSOS, L.P.

 

 

By:

 

Parnassos Communications, L.P., its general partner
    By:   Adelphia Western New York Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

PERICLES COMMUNICATIONS CORPORATION

 

 

PULLMAN TV CABLE CO., INC.

 

 

RENTAVISION OF BRUNSWICK, INC.

 

 

RICHMOND CABLE TELEVISION CORPORATION

 

 

RIGPAL COMMUNICATIONS, INC.

 

 

ROBINSON/PLUM CABLEVISION

 

 

By:

 

Olympus Subsidiary, LLC, its general partner
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

SABRES, INC.

    SCRANTON CABLEVISION, INC.

 

 

SENTINEL COMMUNICATIONS OF MUNCIE, INDIANA, INC.

 

 

SOUTHEAST FLORIDA CABLE, INC.

 

 

SOUTHWEST COLORADO CABLE, INC.

 

 

SOUTHWEST VIRGINIA CABLE, INC.

 

 

S/T CABLE CORPORATION

 

 

STAR CABLE INC.

 

 

STARPOINT, LIMITED PARTNERSHIP

 

 

By:

 

West Boca Acquisition Limited Partnership, its general partner
    By:   Adelphia Cable Partners, L.P., its general partner
    By:   Olympus Cable Holdings, LLC, its managing general partner
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

SVHH CABLE ACQUISITION, L.P.

 

 

By:

 

SVhh Holdings, LLC, its general partner
    By:   ACC Operations, Inc., its sole member

 

 

SVHH HOLDINGS, LLC

 

 

By:

 

ACC Operations, Inc., its sole member

    TELE-MEDIA COMPANY OF HOPEWELL-PRINCE GEORGE

 

 

By:

 

Eastern Virginia Cablevision Holdings, LLC, its managing general partner
    By:   Eastern Virginia Cablevision, L.P., its sole member
    By:   TMC Holdings Corporation, its general partner

 

 

TELE-MEDIA COMPANY OF TRI-STATES L.P.

 

 

By:

 

Tri-States, L.L.C., its general partner
    By:   Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its sole member

 

 

TELE-MEDIA INVESTMENT PARTNERSHIP, L.P.

 

 

By:

 

National Cable Acquisition Associates, L.P., a general partner
    By:   Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

TELESAT ACQUISITION, LLC

 

 

By:

 

Arahova Holdings, LLC, its sole member
    By:   Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

TELESTAT ACQUISITION LIMITED PARTNERSHIP

 

 

By:

 

Olympus Communications, L.P., its general partner
    By:   ACC Operations, Inc., its managing general partner

 

 

THE MAIN INTERNETWORKS, INC.

    THE WESTOVER T.V. CABLE CO., INCORPORATED

 

 

THREE RIVERS CABLE ASSOCIATES, L.P.

 

 

By:

 

Chelsea Communications, LLC, a general partner
    By:   Olympus Cable Holdings, LLC, its sole member
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner And
    By:   Mt. Lebanon Cablevision, Inc., a general partner

 

 

TIMOTHEOS COMMUNICATIONS, L.P.

 

 

By:

 

Olympus Communications Holdings, L.L.C., its general partner
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

TMC HOLDINGS CORPORATION

 

 

TMC HOLDINGS, LLC

 

 

TRI-STATES, L.L.C.

 

 

By:

 

Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its sole member

 

 

UCA LLC

 

 

By:

 

ACC Operations, Inc., its sole member

 

 

U.S. TELE-MEDIA INVESTMENT COMPANY

 

 

UPPER ST. CLAIR CABLEVISION, INC.

 

 

VALLEY VIDEO, INC.

    VAN BUREN COUNTY CABLEVISION, INC.

 

 

WARRICK CABLEVISION, INC.

 

 

WARRICK INDIANA, L.P.

 

 

By:

 

CCC-III, Inc., its general partner

 

 

WELLSVILLE CABLEVISION, L.L.C.

 

 

By:

 

Century Cable Holdings, LLC, its sole member
    By:   Century Cable Holding Corp., its sole member

 

 

WEST BOCA ACQUISITION LIMITED PARTNERSHIP

 

 

By:

 

Adelphia Cable Partners, L.P., its general partner
    By:   Olympus Cable Holdings, LLC, its managing general partner
    By:   Olympus Subsidiary, LLC, its sole member
    By:   Olympus Communications, L.P., its sole member
    By:   ACC Operations, Inc., its managing general partner

 

 

WESTERN NY CABLEVISION, L.P.

 

 

By:

 

Adelphia Western New York Holdings, LLC, its general partner
    By:   ACC Operations, Inc, its sole member

 

 

WESTVIEW SECURITY, INC.

    WILDERNESS CABLE COMPANY

 

 

YOUNG'S CABLE TV CORP.

 

 

YUMA CABLEVISION, INC.

 

 

By:

 

/s/
VANESSA A. WITTMAN
Name: Vanessa A. Wittman
Title:
Executive Vice President and Chief Financial Officer

Annex A

Tranche A Commitment Amounts

Tranche A Lender

  Amount
JPMORGAN CHASE BANK, N.A.   $ 118,333,333.34
CITICORP NORTH AMERICA, INC.   $ 73,333,333.33
WACHOVIA BANK, N.A.   $ 73,333,333.33
BANK OF AMERICA, N.A.   $ 60,000,000.00
CIT LENDING SERVICES CORPORATION   $ 60,000,000.00
CREDIT SUISSE FIRST BOSTON ACTING THROUGH ITS CAYMAN ISLANDS BRANCH   $ 60,000,000.00
DEUTSCHE BANK AG NEW YORK BRANCH   $ 60,000,000.00
GENERAL ELECTRIC CAPITAL CORPORATION   $ 60,000,000.00
THE BANK OF NOVA SCOTIA   $ 60,000,000.00
THE FOOTHILL GROUP, INC.   $ 60,000,000.00
CALYON NEW YORK BRANCH   $ 50,000,000.00
BANK OF MONTREAL   $ 40,000,000.00
BAYERISCHE HYPO-und VEREINSBANK AG, NEW YORK BRANCH   $ 25,000,000.00
   
  TOTAL   $ 800,000,000.00

Annex D

Tranche B Commitment Amounts

Tranche B Lender

  Amounts
JPMORGAN CHASE BANK, N.A.   $ 431,316,221.61
WACHOVIA BANK, N.A.   $ 10,000,000.00
GENERAL ELECTRIC CAPITAL CORPORATION   $ 15,000,000.00
FOOTHILL INCOME TRUST, L.P.   $ 10,000,000.00
CALYON NEW YORK BRANCH   $ 3,000,000.00
BAYERISCHE HYPO-und VEREINSBANK AG, NEW YORK BRANCH   $ 3,000,000.00
MAPLEWOOD (CAYMAN) LIMITED   $ 6,480,976.21
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY   $ 1,303,980.20
FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND   $ 7,500,000.00
C-SQUARED CDO LTD.   $ 2,949,410.99
TCW SELECT LOAN FUND, LIMITED   $ 2,949,410.99
CHARTER VIEW PORTFOLIO   $ 3,000,000.00
DIVERSIFIED CREDIT PORTFOLIO   $ 500,000.00
AIM FLOATING RATE FUND   $ 500,000.00
SARATOGA CLO I LIMITED   $ 1,500,000.00
CHAMPLAIN CLO, LTD.   $ 1,000,000.00
   
  TOTAL   $ 500,000,000.00

Part I of Annex E

Borrower Group

  Initial Borrowing Limit
  Final Borrowing Limit
Century   $ 610,000,000   $ 585,000,000

Century-TCI

 

 

235,000,000

 

 

315,000,000

UCA

 

 

110,000,000

 

 

100,000,000

Parnassos

 

 

40,000,000

 

 

15,000,000

FrontierVision

 

 

195,000,000

 

 

185,000,000

Olympus

 

 

50,000,000

 

 

40,000,000

7A

 

 

0

 

 

0

7B

 

 

35,000,000

 

 

35,000,000

7C

 

 

25,000,000

 

 

25,000,000

Total:

 

$

1,300,000,000

 

$

1,300,000,000
   
 

Annex F

Borrower Group

  Initial L/C Sublimit
  Final L/C Sublimit
Century   $ 100,000,000   $ 115,000,000

Century-TCI

 

 

90,000,000

 

 

90,000,000

UCA

 

 

90,000,000

 

 

100,000,000

Parnassos

 

 

40,000,000

 

 

15,000,000

FrontierVision

 

 

90,000,000

 

 

100,000,000

Olympus

 

 

50,000,000

 

 

40,000,000

7A

 

 

0

 

 

0

7B

 

 

15,000,000

 

 

15,000,000

7C

 

 

25,000,000

 

 

25,000,000

Total:

 

$

500,000,000

 

$

500,000,000
   
 

Exhibit H

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK


     
  )    
In re )   Chapter 11 Cases
  )    
Adelphia Communications Corporation, et al., )   Case No. 02-41729 (REG)
  )    
Debtors.             )   Jointly Administered
  )    

     

ORDER AUTHORIZING AND APPROVING, PURSUANT TO 11 U.S.C. §§105, 361, 362, 364(c)(1),
364(c)(2), 364(c)(3) AND 364(d)(1), (A) AMENDMENT AND RESTATEMENT OF DIP CREDIT
AGREEMENT TO PROVIDE FOR EXTENSION OF POST-PETITION FINANCING, (B) RELATED
COMMITMENT LETTER AND
(C) PAYMENT OF RELATED FEES AND EXPENSES

        Upon the motion, dated February 4, 2005 (the "Motion"), of Adelphia Communications Corporation and its affiliated debtors, each as a debtor and debtor-in-possession (collectively, the "Debtors"), in the above-captioned cases, for an order authorizing, pursuant to 11 U.S.C. §§105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3) and 364(d)(1), the execution of the Third Amended and Restated Credit and Guaranty Agreement (the "Extended DIP Facility") amending and restating the Second Amended and Restated Credit and Guaranty Agreement, dated as of May 10, 2004 (as amended and/or supplemented to date, the "Existing DIP Facility") that was given final approval by the Court on May 6, 2004, pursuant to the Order Authorizing and Approving, Pursuant to 11 U.S.C. Sections 105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3) and 364(d)(1), (A) Amendment and Restatement of DIP Credit Agreement to Provide for Extension of Post-Petition Financing, (B) Related Commitment Letter, and (C) Payment of Related Fees and Expenses (the "DIP Extension Order," and other terms not herein defined having the same meanings as used therein), which Extended DIP Facility provides, inter alia, for an extension of the post-petition financing for the Debtors; and a hearing (the "Hearing") on the Motion having been held on February 22, 2005; and pursuant to Bankruptcy Rules 4001(b) and 4001(c)(1), Local Bankruptcy Rule 9013-1(c) and this Court's Case Management Order #1, dated October 18, 2002, Case Management Order #2, dated March 7, 2003 and Case Management Order #3, dated July 26, 2004, due notice under the circumstances of the Motion and the Hearing having been given by the Debtors, and upon all of the pleadings filed with this Court, and after due deliberation and consideration and sufficient cause appearing therefor;

        IT IS DETERMINED, ORDERED AND ADJUDGED, that:

        This Court has core jurisdiction over these proceedings and the parties and property affected hereby pursuant to 28 U.S.C. §§157(b) and 1334.

        The DIP Order, as supplemented hereby, shall continue in full force and effect.

        The Debtors have a need to obtain an extension of their current financing and are unable to obtain adequate unsecured credit allowable under section 503(b)(1) of the Bankruptcy Code as an administrative expense.

        The terms of the Extended DIP Facility appear to be fair and reasonable, reflect the Debtors' exercise of prudent business judgment consistent with their fiduciary duty and are supported by reasonably equivalent value and fair consideration. The Extended DIP Facility has been negotiated in good faith and at arm's-length between the Debtors and the Agents, and any letters of credit and other Obligations (as defined in the DIP Credit Agreement, as amended and restated by the Extended DIP Facility) incurred under the Extended DIP Facility shall be deemed to have been extended by the DIP Lenders in good faith, as that term is used in section 364(e) of the Bankruptcy Code.



        The Extended DIP Facility and all documents, instruments and agreements related thereto (including, without limitation, the Commitment Letter and Fee Letter executed in connection therewith) are authorized and approved in all respects.

        The Debtors are authorized to execute the Extended DIP Facility, and the Guarantors may guaranty all Obligations thereunder, and each shall be subject to all of the other terms and conditions provided in the DIP Credit Agreement and the DIP Order.

        The Debtors are hereby authorized to perform and take all actions necessary to make, execute and deliver all instruments and documents and to pay fees that may be reasonably required or necessary for the Debtors' performance under the Extended DIP Facility, including, without limitation, the payments referred to in the Extended DIP Facility and the Fee Letter, and such other fees, costs and expenses as may be due from time to time including, without limitation, reasonable attorneys' fees and disbursements. Upon execution and delivery of the Extended DIP Facility, it shall constitute a valid and binding obligation of the Debtors, enforceable against each Debtor party thereto in accordance with its terms.

        All obligations of the Debtors arising in connection with the Extended DIP Facility shall be deemed a part of the Financing under the DIP Order. Without limiting the generality of the foregoing (a) for all obligations and indebtedness arising under the Extended DIP Facility, the Agents and the DIP Lenders are granted each and every right granted to the Agents and the DIP Lenders under the DIP Order in connection with the Documents and the Financing (the relevant provisions of the DIP Order being incorporated herein by reference) and (b) nothing herein adversely affects the rights granted to the Agents and the DIP Lenders under the DIP Order, which rights shall continue in full force and effect. Consistent with and not in any way limiting the foregoing, (a) the definition of "Documents" contained in the DIP Order shall be deemed to include the Extended DIP Facility, and all other agreements, documents, notes and instruments executed or delivered pursuant hereto or thereto or in connection herewith or therewith, (b) the definition of "DIP Obligations" contained in the DIP Order shall be deemed to include all obligations and indebtedness arising under, in respect of or in connection with the Extended DIP Facility (including, without limitation, all "Obligations" as defined in the DIP Credit Agreement, as amended and restated in the Extended DIP Facility) and this Order, and (c) all liens, security interests, priorities and other rights, remedies, benefits, privileges and protections provided in the DIP Order with respect to or relating to the DIP Credit Agreement and the Financing shall apply with equal force and effect to the Extended DIP Facility and all obligations in connection therewith or related thereto.

        The Extended DIP Facility and the provisions of this Order shall be binding upon the Agents, the DIP Lenders and the Debtors and their respective successors and assigns (including any chapter 7 or chapter 11 trustee hereinafter appointed or elected for the estate of any of the Debtors) and inure to the benefit of the Agents, the DIP Lenders and the Debtors and their respective successors and assigns.

        In accordance with section 364(e) of the Bankruptcy Code, in the event that any or all of the provisions of this Order, the DIP Order or any Documents are hereinafter modified, amended, or vacated by a subsequent order of this or any other Court, no such modification, amendment or vacation shall effect the validity, enforceability or priority of any DIP Lien or claim authorized or created hereby or thereby. Notwithstanding any such modification, amendment or vacation, any claim granted to the Agents and the DIP Lenders hereunder or under any Document arising prior to the effective date of such modification, amendment, or vacation shall be governed in all respects by the original provisions of this Order, the DIP Order and the other Documents, and the Agents and the DIP Lenders, as the case may be, shall be entitled to all of the rights, remedies, privileges, and benefits, including the DIP Liens and priorities granted herein and therein, with respect to any such claim.



        Under the circumstances, the notice given by the Debtors of the Motion and of the Hearing constitutes due and sufficient notice of the Motion and of the Hearing.

Dated:   New York, New York
February     , 2005
   
            
HONORABLE ROBERT E. GERBER
UNITED STATES BANKRUPTCY JUDGE

Schedule 41-1
As of February 25, 2005

Outstanding Loans and Accrued Interest

 
  Loans
  Accrued Interest
Tranche A Loans     420,407,435.97   797,960.03
Tranche B Loans     199,387,256.73   283,849.92
   
 
Total Outstanding Loans and Accured Interest     619,794,692.70   1,081,809.95
   
 

Outstanding Letters of Credit


 

 


 

 

Tranche A Letters of Credit     112,188,179.30    
Tranche B Letters of Credit     0.00    
   
   
Total Outstanding Letters of Credit   $ 112,188,179.30    
   
   



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THIRD AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT
EX-99.1 3 a2152639zex-99_1.htm EX-99.1
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Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

Case No. 02-12834 and 02-41729 through 02-41957*
Chapter 11

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(Name of Debtors)

Monthly Operating Report for
the period ended January 31, 2005 **

Debtors' Address:
5619 DTC Parkway
Greenwood Village, CO 80111

Willkie Farr & Gallagher LLP

(Debtors' Attorneys)

Monthly Operating Income: $5,554
($ in thousands)

Report Preparer:

The undersigned, having reviewed the attached report and being familiar with the Debtors' financial affairs, verifies under the penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.**

Date: February 25, 2005    
     
     
    /s/  SCOTT D. MACDONALD      
Scott D. Macdonald
Senior Vice President
    and Chief Accounting Officer

Indicate if this is an amended statement by checking here

AMENDED STATEMENT o


*
Refer to Schedule VI for a listing of Debtors by Case Number.

**
All amounts herein are unaudited and subject to revision. The Debtors reserve all rights to revise this report. The presentation in this Monthly Operating Report reflects the restatement of the Company's (as defined herein) books and records and the correction of misapplications of generally accepted accounting principles in the United States of America ("GAAP") that occurred during the time period when members of the family of John J. Rigas ("Rigas Family") held all of the senior executive positions at Adelphia Communications Corporation ("Adelphia") and constituted five of the nine members of the board of directors of Adelphia (collectively, "Rigas Management"). Thus, the presentation in this Monthly Operating Report may not be comparable to Monthly Operating Reports for months prior to December 31, 2004.

1


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED BALANCE SHEET

(Dollars in thousands, except share data)

 
  January 31, 2005
 
ASSETS:        
Current assets:        
  Cash and cash equivalents   $ 382,990  
  Restricted cash     5,176  
  Accounts receivables, net     107,924  
  Other current assets     175,123  
   
 
    Total current assets     671,213  
   
 
Noncurrent assets:        
  Restricted cash     4,641  
  Investments in equity affiliates     229,953  
  Related party receivables     21,940  
  Property and equipment, net     4,321,004  
  Intangible assets, net     7,495,155  
  Other noncurrent assets, net     107,430  
   
 
      Total assets   $ 12,851,336  
   
 

LIABILITIES AND STOCKHOLDERS' EQUITY:

 

 

 

 
Current liabilities:        
  Accounts payable   $ 156,223  
  Subscriber advance payments and deposits     33,996  
  Accrued liabilities     449,914  
  Deferred income     30,913  
  Current portion of parent and subsidiary debt     707,633  
   
 
    Total current liabilities     1,378,679  
   
 

Noncurrent liabilities:

 

 

 

 
  Other liabilities     120,640  
  Deferred income     83,183  
  Deferred income taxes     619,844  
   
 
    Total noncurrent liabilities     823,667  

Liabilities subject to compromise

 

 

18,058,472

 
   
 
      Total liabilities     20,260,818  
   
 

Minority's interest in equity of subsidiaries

 

 

90,263

 

Stockholders' equity:

 

 

 

 
  Series preferred stock     397  
  Class A and Class B common stock, $.01 par value, 1,500,000,000 shared authorized, 254,842,461 254,842,636 shares issued and outstanding     2,548  
  Additional paid-in capital     9,567,022  
  Accumulated other comprehensive loss     826  
  Accumulated deficit     (16,256,470 )
  Treasury stock, at cost     (27,937 )
   
 
      (6,713,614 )
  Amounts due from the Rigas Family and Rigas Family Entities, net     (786,131 )
   
 
    Total stockholders' equity     (7,499,745 )
   
 
      Total liabilities and stockholders' equity   $ 12,851,336  
   
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

2


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share amounts)

 
  Month Ended
January 31, 2005

  Thirty-one
Months Ended
January 31, 2005

 
Revenue   $ 333,138   $ 9,469,509  

Cost and expenses:

 

 

 

 

 

 

 
  Direct operating and programming     207,080     6,213,880  
  Selling, general and administrative:              
    Third party     28,069     687,189  
    Investigation and re-audit related fees     5,932     187,226  
  Depreciation and amortization     86,503     2,998,549  
  Impairment of long-lived assets     —     2,019,162  
  Provision for uncollectible amounts due from TelCove     —     13,899  
  Provision for uncollectible amounts due from the Rigas Family and Rigas Family Entities     —     42,029  
  Gains on dispositions of long-lived assets, net     —     (5,070 )
   
 
 
    Total costs and expenses     327,584     12,156,864  
   
 
 
Operating income (loss)     5,554     (2,687,355 )

Other income (expense):

 

 

 

 

 

 

 
  Interest expense, net of amounts capitalized (contractual interest expense was $98,291 and $2,915,420 during January 2005 and during the thirty-one months ended January 31, 2005, respectively)     (44,029 )   (1,033,846 )
  Impairment of cost and available for sale investments     —     (18,275 )
  Other income (expense), net     49     65,184  
   
 
 
      Total other expense, net     (43,980 )   (986,937 )

Loss from continuing operations before reorganization expenses, income taxes, share of losses of equity affiliates and minority's interest

 

 

(38,426

)

 

(3,674,292

)
      Reorganization expenses due to bankruptcy     (6,774 )   (226,321 )
   
 
 
Loss from continuing operations before income taxes, share of losses of equity affiliates and minority's interest     (45,200 )   (3,900,613 )
Income tax (expense) benefit     —     (84,122 )
Share of losses of equity affiliates, net     (130 )   (118,262 )
Minority's interest in losses of subsidiaries, net     1,215     72,453  
   
 
 
      Loss from continuing operations     (44,115 )   (4,030,544 )
Discontinued operations, net (includes $97,902 related to the cost of TelCove settlement)     —     (137,820 )
   
 
 
      Net loss     (44,115 )   (4,168,364 )
Beneficial conversion feature     (583 )   (19,419 )
   
 
 
Net loss applicable to common stockholders   $ (44,698 ) $ (4,187,783 )
   
 
 

Basic and diluted loss per weighted average share of common stock

 

$

(0.18

)

$

(16.50

)
   
 
 

Basic and diluted weighted average shares of common stock outstanding (in thousands)

 

 

253,748

 

 

253,748

 
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

 
  Month Ended
January 31, 2005

  Thirty-one
Months Ended
January 31, 2005

 
Cash flows from operating activities:              
  Net loss   $ (44,115 ) $ (4,168,364 )
    Adjustments to reconcile net loss to net cash provided by operating activities:              
    Depreciation and amortization     86,503     2,998,549  
    Impairment of long-lived assets     —     2,019,162  
    Provision for uncollectible amounts due from TelCove     —     13,899  
    Provision for uncollectible amounts due from the Rigas Family and Rigas Family Entities     —     42,029  
    Gains on dispositions of long-lived assets     —     (5,070 )
    Amortization of debt financing costs     4,670     81,658  
    Impairment of cost and available-for-sale investments     —     18,275  
    Reorganization expenses due to bankruptcy     6,774     226,321  
    Deferred tax expense (benefit)     —     106,632  
    Share of losses of equity affiliates, net     130     118,262  
    Minority's interest in losses of subsidiaries, net     (1,215 )   (72,453 )
    Depreciation, amortization and other non-cash items from discontinued operations     —     137,820  
    Change in operating assets and liabilities     3,882     (51,006 )
   
 
 
Net cash provided by operating activities before payment of reorganization expenses     56,629     1,465,714  
Reorganization expenses paid during the period     (5,093 )   (212,921 )
   
 
 
Net cash provided by operating activities     51,536     1,252,793  
   
 
 

Cash flows from investing activities:

 

 

 

 

 

 

 
    Expenditures for property, plant and equipment     (51,174 )   (1,658,572 )
    Change in restricted cash     1,139     (7,689 )
    Other     3,189     115,297  
   
 
 
Net cash used in investing activities     (46,846 )   (1,550,964 )
   
 
 

Cash flows from financing activities:

 

 

 

 

 

 

 
    Proceeds from First Extended DIP Facility and DIP Facility     45,000     736,708  
    Repayments of debt     (4,972 )   (130,832 )
    Payment of bank financing costs     —     (63,062 )
   
 
 
Net cash provided by financing activities     40,028     542,814  
   
 
 

Change in cash and cash equivalents

 

 

44,718

 

 

244,643

 
Cash and cash equivalents, beginning of period     338,272     138,347  
   
 
 
Cash and cash equivalents, end of period   $ 382,990   $ 382,990  
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

4


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Note 1: Background and Basis of Presentation

        Adelphia and its consolidated subsidiaries (collectively, the "Company") are engaged primarily in the cable television business. The cable systems owned by the Company are located in 31 states and Brazil. In June 2002, Adelphia and substantially all of its domestic subsidiaries (the "Debtors") filed voluntary petitions to reorganize (the "Chapter 11 Cases") under Chapter 11 of Title 11 ("Chapter 11") of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). For additional information, see Note 2.

        Solely for the purposes of the accompanying unaudited consolidated financial statements, the accounts of Adelphia, including its majority-owned subsidiaries and subsidiaries that are at least 50% owned and controlled by Adelphia, are included with the exception of those subsidiaries (the "Non-Filing Entities") who did not file voluntary petitions under Chapter 11 of the Bankruptcy Code. The Non-Filing Entities as of January 31, 2005 include Palm Beach Group Cable, Inc., Praxis Capital Ventures, L.P., Adelphia Brasil, Ltda, STV Communications and Main Security Surveillance, Inc. As of and for the month ended January 31, 2005, the Non-Filing Entities were not significant to the consolidated results of operations, financial position or cash flows of the filing entities. The accompanying unaudited consolidated financial statements do not include the Rigas Family Entities (defined below).

        These consolidated financial statements (i) have been prepared on a going concern basis, which assumes continuity of operations, realization of assets and satisfaction of liabilities in the ordinary course of business, and (ii) do not purport to show, reflect or provide for the consequences of the Debtors' Chapter 11 reorganization proceedings. In particular, these consolidated financial statements do not purport to show: (i) as to assets, the amount that may be realized upon their sale or their availability to satisfy liabilities, (ii) as to pre-petition liabilities, the amounts that may be allowed for claims or contingencies, or the status and priority thereof, (iii) as to stockholder's equity accounts, the effect of any changes that may be made in the capitalization of the Company, or (iv) as to operations, the effect of any changes that may be made in its business.

        Through May 2002, John J. Rigas, his sons and members of his immediate family served as directors and executive officers of the Company. In May 2002, such Rigas family members resigned from their positions as directors and executive officers of the Company. In addition, although members of the Rigas Family continue to own common stock with a majority of the voting power in Adelphia, the Rigas Family has not been able to exercise such voting power since the Debtors filed for protection under the Bankruptcy Code in June 2002. Prior to May 2002, the Company engaged in numerous transactions that directly or indirectly involved members of the Rigas Family and/or entities in which members of the Rigas Family directly or indirectly held controlling interests (collectively, the "Rigas Family Entities").

        Following the petition for bankruptcy, the Company can no longer control the activities and operations of its subsidiaries. However, because the bankruptcy proceedings for the Company and its previously consolidated subsidiaries are consolidated for administrative purposes in the same Bankruptcy Court and will be overseen by the same judge, the financial statements of the Debtors have been presented on a combined basis, which is consistent with consolidated financial statements (see Note 2). As with consolidated financial statements, all inter-entity transactions between the Debtors are eliminated.

        These unaudited consolidated financial statements are not intended to present fairly the financial position of the Company as of January 31, 2005, or the results of its operations or its cash flows for the one and thirty-one month periods ended January 31, 2005 in conformity with GAAP because the accompanying unaudited consolidated financial statements exclude the financial position, results of operations and cash flows of the Non-Filing Entities. Furthermore, the accompanying unaudited consolidated financial statements do not include all of the information and footnote disclosures required by GAAP for complete financial

5


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

statements. In the opinion of management, all disclosures considered necessary for an informative presentation have been included herein.

        The Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2003 with the Securities and Exchange Commission ("SEC") on December 23, 2004 ("2003 Annual Report"). The Company's website, www.adelphia.com, contains a copy of the 2003 Annual Report. The Company has not completed the preparation of financial statements for periods subsequent to December 31, 2003 and is reviewing its books and records and other information on an on-going basis to determine whether the accompanying unaudited consolidated financial statements of the Debtors should be supplemented or otherwise amended. The Company reserves the right to file, at any time, such supplements or amendments to these accompanying unaudited consolidated financial statements. The accompanying unaudited consolidated financial statements should not be considered an admission regarding any of the Debtors' income, expenditures or general financial condition, but rather, a current compilation of the Debtors' books and records. The Company does not make, and specifically disclaims, any representation or warranty as to the completeness or accuracy of the information set forth herein.

Note 2: Bankruptcy

General

        On June 25, 2002 ("Petition Date"), the Debtors filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. On June 10, 2002, Century Communications Corporation ("Century"), an indirect wholly-owned subsidiary of Adelphia, filed a voluntary petition to reorganize under Chapter 11. The Debtors, which include Century, are currently operating their business as debtors-in-possession under Chapter 11.

        On July 11, 2002, a statutory committee of unsecured creditors (the "Creditors' Committee") was appointed, and on July 31, 2002, a statutory committee of equity holders (the "Equity Committee" and, together with the Creditors' Committee, the "Committees") was appointed. The Committees have the right to, among other things, review and object to certain business transactions and may participate in the formulation of the Debtors' plan of reorganization. Under the Bankruptcy Code, the Debtors were provided with specified periods during which only the Debtors could propose and file a plan of reorganization (the "Exclusive Period") and solicit acceptances thereto (the "Solicitation Period"). The Debtors received several extensions of the Exclusive Period and the Solicitation Period from the Bankruptcy Court with the latest extension of the Exclusive Period and the Solicitation Period being through February 17, 2004 and April 20, 2004, respectively. The Debtors filed a motion requesting an additional extension of the Exclusive Period and the Solicitation Period. However, the Equity Committee filed a motion to terminate the Exclusive Period and the Solicitation Period and other objections were filed regarding this request. The Bankruptcy Court has extended the Exclusive Period and the Solicitation Period until the hearing on the motions is held and a determination by the Bankruptcy Court is made. Until such hearing, the Exclusive Period and the Solicitation Period are continuing. No hearing has been scheduled.

        Under the Bankruptcy Code, actions to collect pre-petition indebtedness, as well as most other pending litigation, are stayed and other contractual obligations against the Company generally may not be enforced. Absent an order of the Bankruptcy Court, substantially all pre-petition contractual liabilities can only be settled under a plan of reorganization to be voted upon by holders of claims and equity interests and approved by the Bankruptcy Court.

        On February 25, 2004, the Debtors filed their proposed Joint Plan of Reorganization (the "Stand-Alone Plan"), which contemplated their emergence from bankruptcy as a stand-alone entity, and related Disclosure Statement with the Bankruptcy Court. On April 22, 2004, Adelphia announced that it intended to pursue a sale of the Company while simultaneously pursuing the Stand-Alone Plan. On September 21,

6


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

2004, Adelphia formally launched its sale process in which potential bidders were invited to submit preliminary indications of interest in the Company and its subsidiaries or one or more Company-designated clusters of cable systems. On November 1, 2004, Adelphia, based on the non-binding indications of interest, invited qualified bidders to further participate in the sale process and to submit final legally binding bids in accordance with the bidding procedures approved by the Bankruptcy Court. Final bids were due January 31, 2005. Adelphia has received a number of bids that relate to the acquisition or recapitalization of the Company, in its entirety, or the acquisition of one or more clusters of assets. Adelphia is currently evaluating the bids. Adelphia is pursuing this dual track process to determine which alternative is in the best interests of the Debtors' constituents.

        On February 4, 2005, the Debtors filed their proposed First Amended Joint Plan of Reorganization (the "Amended Plan") and related First Amended Disclosure Statement with the Bankruptcy Court. The Amended Plan contemplates the possibility of either: (i) emergence from bankruptcy as a stand-alone entity; (ii) distribution of proceeds resulting from a sale or other corporate transaction involving one or more companies in addition to the Debtors; or (iii) emergence from bankruptcy as part of a stand-alone entity after having sold certain clusters of cable systems and distributed the proceeds of such sales. Certain fees are due to the Company's financial advisors upon successful completion of a sale, which are calculated as a percentage (0.11% to 0.20%) of the sale value. Additional fees may be payable depending on the outcome of the sale process.

        Until a plan of reorganization is confirmed by the Bankruptcy Court and becomes effective, no assurance can be given that the Debtors will emerge from bankruptcy.

        To successfully emerge from bankruptcy, the Debtors must, among other things:

    •
    obtain an order of the Bankruptcy Court approving a disclosure statement as containing "adequate information;"

    •
    solicit acceptance of a plan of reorganization from the holders of claims and equity interests in each class that is impaired and not deemed by the Bankruptcy Court to have rejected the plan of reorganization;

    •
    obtain an order from the Bankruptcy Court confirming the plan of reorganization; and

    •
    consummate the plan of reorganization.

        To complete these steps, the Bankruptcy Court must first hold a hearing to determine if the disclosure statement contains adequate information. No date for such a hearing has been scheduled at this time. Second, before it can issue a confirmation order, the Bankruptcy Court must find that either (i) each class of impaired claims or equity interests has accepted the plan of reorganization or (ii) the plan of reorganization meets the requirements of the Bankruptcy Code to confirm the plan of reorganization over the objections of dissenting classes. In addition, the Bankruptcy Court must find that the plan of reorganization meets certain other requirements specified in the Bankruptcy Code. Confirmation of the plan of reorganization would resolve, among other things, the Debtors' pre-petition obligations, determine the revised capital structure of the newly reorganized Debtors and provide for the Company's corporate governance following emergence from bankruptcy.

        Pre-petition and post-petition obligations of the Debtors are treated differently under the Bankruptcy Code. Due to the commencement of the Chapter 11 Cases and the Debtors' failure to comply with certain financial and other covenants, the Debtors are in default on substantially all of their pre-petition debt obligations. As a result of the Chapter 11 filing, all actions to collect the payment of pre-petition indebtedness are subject to compromise or other treatment under a plan of reorganization. Generally, actions to enforce or otherwise effect payment of pre-petition liabilities are stayed. However,

7


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

the Bankruptcy Court has approved the Debtors' motions to pay certain pre-petition obligations including, but not limited to, employee wages, salaries, commissions, incentive compensation and other related benefits. The Debtors have been paying and intend to continue to pay undisputed post-petition claims in the ordinary course of business. In addition, the Debtors may assume or reject pre-petition executory contracts and unexpired leases with the approval of the Bankruptcy Court. Any damages resulting from the rejection of executory contracts and unexpired leases are treated as general unsecured claims and will be classified as liabilities subject to compromise. For additional information concerning liabilities subject to compromise, see below.

        The ultimate amount of the Debtors' liabilities will be determined during the Debtors' claims resolution process. The Bankruptcy Court established a bar date for filing proofs of claim against the Debtors' estates of January 9, 2004. A bar date is the date by which proofs of claims must be filed if a claimant disagrees with how its claim appears on the Debtors' Schedules of Liabilities. However, under certain limited circumstances, claimants may file proofs of claims after the bar date. The aggregate amount of claims filed with the Bankruptcy Court far exceeds the Debtors' estimate of ultimate liability. Over 18,000 proofs of claim asserting in the aggregate $3.2 trillion in claims have been filed against the Debtors' estates in the Chapter 11 Cases, including duplicative claims, but excluding any estimated amounts for unliquidated claims. The Debtors currently are in the process of reviewing, analyzing and reconciling the scheduled and filed claims. At present, the allowed amounts of such claims are not determinable, and the Debtors expect that the claims resolution process will take significant time to complete. The Debtors have filed two omnibus objections to certain of the claims, seeking to eliminate in excess of $2 trillion in claims, consisting primarily of duplicative claims. The Debtors have filed a third omnibus objection (the "Claims Objection") which is seeking to eliminate, reduce and/or subordinate in excess of $900,000,000 of claims asserted against the Debtors by Leonard Tow and Claire Tow (together, the "Tows") and the various trusts that are controlled by the Tows. Simultaneously with the filing of the Claims Objection, the Company and certain other Debtors commenced an adversary proceeding in the Bankruptcy Court by filing a complaint against Leonard Tow seeking to (i) avoid and recover certain unauthorized postpetition transfers and/or fraudulent transfers totaling approximately $21,000 (the "Avoidable Transfers"), (ii) disallow Leonard Tow's claims pending the return of Avoidable Transfers, and (iii) subordinate Leonard Tow's claims.

        In order to provide liquidity following the commencement of the Chapter 11 Cases, the Debtors entered into an Amended and Restated Credit and Guaranty Agreement dated as of August 26, 2002, with a group of lenders for a debtor-in-possession credit facility (as amended, the "DIP Facility"). On May 10, 2004, the Debtors entered into a Second Amended and Restated Credit and Guaranty Agreement, which amended and restated the DIP Facility in its entirety (as amended, the "First Extended DIP Facility"). On February 25, 2005, the Debtors entered into a Third Amended and Restated Credit and Guaranty Agreement, which amended and restated the First Extended DIP Facility in its entirety (the "Second Extended DIP Facility"). For additional information, see Note 5.

        As a result of the Company's filing of the bankruptcy petition and the other matters described in the following paragraphs, there is substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements have been prepared on a going concern basis, which assumes continuity of operations and realization of assets and satisfaction of liabilities in the ordinary course of business, and in accordance with Statement of Position 90-7, Financial Reporting by Entities in Reorganization Under the Bankruptcy Code ("SOP 90-7"). Except as required by SOP 90-7, the consolidated financial statements do not include any adjustments that might be required should the Company be unable to continue to operate as a going concern. In accordance with SOP 90-7, all pre-petition liabilities subject to compromise have been segregated in the consolidated balance sheets and classified as liabilities subject to compromise, at the estimated amount of allowable claims. Interest expense related to pre-petition liabilities subject to compromise has been reported only to the extent that it will be paid during the Chapter 11 proceedings or will be an allowed priority or secured claim. In addition, no preferred stock dividends have been accrued subsequent to the Petition Date. Liabilities not subject to compromise are separately classified as current or noncurrent. Revenue, expenses, realized gains and

8


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

losses, and provisions for losses resulting from reorganization are reported separately as reorganization expenses due to bankruptcy. Cash used for reorganization items is disclosed in the consolidated statements of cash flows.

        The ability of the Debtors to continue as a going concern is predicated upon numerous matters, including the following:

    •
    having a plan of reorganization confirmed by the Bankruptcy Court;

    •
    being able to successfully implement the Company's business plans, decrease subscriber loss and otherwise offset the negative effects that the Chapter 11 filing has had on the Company's business, including the impairment of vendor relationships;

    •
    obtaining substantial financing, including working capital financing, which the Company may not be able to obtain on favorable terms, or at all. A failure to obtain necessary financing would result in the delay, modification or abandonment of the Company's development and expansion plans and would have a material adverse effect on the Company;

    •
    resolving asserted or potential claims by the SEC and the United States Department of Justice ("DoJ"), which could subject the Company to substantial penalties and other adverse monetary and non-monetary consequences, including possible liquidation of the Company (see Note 8 for additional information);

    •
    resolving other material litigation;

    •
    renewing franchises; failure to do so will result in reduced operating results and potential impairment of assets;

    •
    obtaining consideration sufficient to settle pre-petition liabilities subject to compromise, the amount of which is not known at this time because the rights and claims of the Debtors' various creditors will not be known until, or if, the Bankruptcy Court confirms a plan of reorganization;

    •
    being able to operate, pending emergence from bankruptcy, within the terms and conditions of the Second Extended DIP Facility and/or the Exit Financing Facility (defined below), including its limitations on capital expenditures and its financial covenants;

    •
    achieving positive operating results, increasing net cash provided by operating activities and maintaining satisfactory levels of capital and liquidity considering its history of net losses and capital expenditure requirements and the expected near-term continuation thereof; and

    •
    attracting, motivating and retaining key executives and employees.

        These issues are in addition to those operational and competitive challenges faced by the Company in the normal course of its business.

    Exit Financing Commitment

        On February 25, 2004, Adelphia executed a commitment letter and certain related documents pursuant to which, and subject to the terms and conditions set forth therein, a syndicate of financial institutions committed to provide to the Debtors up to $8,800,000 in exit financing (the "Exit Financing

9


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Facility"), which amounts may be used by the Debtors to make the cash payments contemplated by the Amended Plan and to pay related transaction costs associated with the reorganization of the Debtors. The commitment letter and the related documents were amended on several occasions during the first and second quarters of 2004 to give effect to certain developments in the Chapter 11 Cases, including in response to the April 22, 2004 announcement by the Debtors of their intention to pursue a possible sale of the Company or its assets.

        The proposed Exit Financing Facility is comprised of (i) $5,500,000 of senior secured credit facilities, which includes $4,750,000 of term loans and a $750,000 revolving credit line, and (ii) a $3,300,000 bridge facility. The revolving credit line would generally not be used on the closing date to finance the cash payments to be made under the Amended Plan or to pay transaction costs associated with the reorganization of the Debtors. Rather, the revolving credit line would be used following the completion of the Debtors' reorganization to fund the working capital requirements of the Debtors. The aggregate commitment of the exit lenders under the terms of the exit financing commitment is subject to reduction under certain circumstances, which are described in the commitment letter, as amended. In addition, Adelphia has the right to terminate the commitment of the exit lenders after the execution of a definitive sale agreement that has been approved by the board of directors of Adelphia (the "Board") providing for the sale of all or substantially all of the assets of the Debtors or all or substantially all of the equity of Adelphia. The obligation of the exit lenders to fund the Exit Financing Facility is subject to certain conditions which are enumerated in the commitment letter and the attachments thereto, each as amended. There can be no assurance that such conditions will be satisfied.

        On June 30, 2004, and after Adelphia and the exit lenders agreed on certain modifications to the terms of the commitment letter and the related documents, the Bankruptcy Court entered an order approving the commitment letter, the related documents and the exit financing commitment. Following the Bankruptcy Court's approval of the exit financing commitment, the Company paid the exit lenders a nonrefundable fee of $10,000 and reimbursed the exit lenders for certain expenses they had incurred through the date of such approval, including certain legal expenses incurred by them through such date. Additional fees will be payable by the Company under the terms of the exit financing commitment irrespective of whether the Exit Financing Facility is utilized. Certain other fees will only become payable if the Exit Financing Facility is funded.

        The commitment of the exit lenders under the exit financing commitment expires on June 30, 2005. If a plan of reorganization is confirmed by the Bankruptcy Court on or before 5:00 p.m., New York City time, on June 30, 2005, then Adelphia has the right to extend the exit financing commitment for up to 90 calendar days. If the exit financing commitment expires prior to the Debtors' emergence from bankruptcy pursuant to the Amended Plan, Adelphia will need to seek an extension of the exit financing commitment or an alternative financing arrangement. Adelphia may not be successful in obtaining such an extension or an alternative financing arrangement on terms that are acceptable to it, if at all, and the failure to do so would have a material adverse effect on the Company.

    Presentation

        For periods subsequent to the Petition Date, the Company has applied the provisions of SOP 90-7. SOP 90-7 requires that pre-petition liabilities that are subject to compromise be segregated in the consolidated balance sheet as liabilities subject to compromise and that revenue, expenses, realized gains and losses, and provisions for losses resulting directly from the reorganization due to the bankruptcy be reported separately as reorganization expenses in the consolidated statements of operations. Liabilities subject to compromise are reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. Liabilities subject to compromise consist of the following:

10


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

 
  January 31,
2005

Parent and subsidiary debt   $ 13,290,903
Parent and subsidiary debt under co-borrowing credit facilities attributable to Rigas Family Entities     2,846,156
Accounts payable     954,858
Accrued liabilities     817,761
Series B Preferred Stock     148,794
   
    $ 18,058,472
   

        The amounts presented as liabilities subject to compromise may be subject to future adjustments depending on Bankruptcy Court actions, completion of the reconciliation process with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims or other events. Such adjustments may be material to the amounts reported as liabilities subject to compromise.

        Amortization of deferred financing fees related to pre-petition debt obligations was terminated effective on the Petition Date and the unamortized amount at the Petition Date ($134,208) has been included as an offset to liabilities subject to compromise as an adjustment of the net carrying value of the related pre-petition debt. Similarly, amortization of the issuance costs for the Company's redeemable preferred stock was also terminated at the Petition Date. For periods subsequent to the Petition Date, interest expense has been reported only to the extent that it will be paid during Chapter 11 proceedings or will be an allowed priority, secured or unsecured claim. In addition, no preferred stock dividends have been accrued subsequent to the Petition Date.

    Reorganization Expenses due to Bankruptcy and Investigation and Re-audit Related Fees

        Only those fees directly related to the Chapter 11 filings are included in reorganization expenses due to bankruptcy. These expenses are offset by the interest earned during reorganization. Certain reorganization expenses are contingent upon the approval of a plan of reorganization by the Bankruptcy Court and include cure costs, financing fees and success fees. The Company is currently aware of certain success fees that potentially could be paid to third party financial advisers of the Company and the Committees upon the Company's emergence from bankruptcy. Currently, these success fees are estimated to be between $21,500 and $34,950. As no plan of reorganization has been confirmed by the Bankruptcy Court, no accrual for such contingent payments or equity awards to certain executives payable upon emergence from bankruptcy has been recorded in the accompanying consolidated financial statements.

        The Company is incurring certain professional fees that, although not directly related to the Chapter 11 filing, relate to the investigation of the actions of the Rigas Management and related efforts to comply with applicable laws and regulations. These expenses include the additional audit fees incurred for the year ended December 31, 2001 and prior, and legal, special investigation and forensic consultant fees of the Company and a special committee of the Board. These expenses have been included in investigation and re-audit related fees in the accompanying consolidated statements of operations.

Note 3. Amounts due from the Rigas Family and Rigas Family Entities

        The following table summarizes the amounts due from the Rigas Family and Rigas Family Entities, the impact of co-borrowing and other interest and management fees not recognized, and the allowance for uncollectible amounts:

11


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

 
  January 31,
2005

 
Amounts due from the Rigas Family and Rigas Family Entities, including co-borrowing and other interest deferred and management fees not recognized   $ 3,741,516  
Co-borrowing and other interest deferred and management fees not recognized     (612,032 )
   
 
Amounts due from the Rigas Family and Rigas Family Entities, net of co-borrowing and other interest deferred and management fees not recognized     3,129,484  
Allowance for uncollectible amounts     (2,343,353 )
   
 
Amounts due from the Rigas Family and Rigas Family Entities, net   $ 786,131  
   
 

Note 4. Impairment of Long-Lived Assets

        A summary of impairment charges for long-lived assets is set forth below:

 
  Thirty-one
months ended
January 31,
2005

Property and equipment:      
  Convergence(a)   $ 49,756
Intangible assets, net(b)     1,969,406
   
  Impairment of long-lived assets   $ 2,019,162
   

(a) Convergence

        "Convergence" was an internal operations, call center and billing system that the Company began developing in 1998. After a careful evaluation of the functionality and usability of Convergence, the Company decided in 2002 not to pursue continued deployment and terminated additional funding for and abandoned the system. As a result of this decision, the Company recognized an impairment charge during 2002 to write-off all capitalized costs associated with Convergence.

(b) Intangible assets, net

        As a result of the Debtors' Chapter 11 filing, the Company performed an evaluation of the carrying amounts of goodwill and franchise rights in accordance with SFAS No. 142 and an evaluation of long-lived assets in accordance with SFAS No. 144, as of June 30, 2002. As a result of these evaluations, the Company recorded impairment charges to write-down goodwill by $755,905 and franchise rights by $1,212,860 to their respective estimated fair values. The Petition Date of the Chapter 11 filing substantially coincided with the Company's annual impairment testing date.

        The Company performed its annual impairment test under SFAS No. 142 on July 1, 2003 and recorded additional impairments of $641 related to franchise rights. The Company has not yet completed its 2004 annual impairment test.

12


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Note 5. Debt

        The carrying value of the Company's debt is summarized below for the indicated periods. Due to the Company's violation of certain financial and other covenants, the pre-petition debt is classified as current and included in current portion of parent and subsidiary debt.

        With the exception of the First Extended DIP Facility, the Company's capital lease obligations and a portion of other subsidiary debt, all amounts shown in the table below represent pre-petition liabilities that are included in liabilities subject to compromise:

 
  January 31,
2005

 
Parent debt—unsecured:(a)        
  Senior notes   $ 4,767,565  
  Convertible subordinated notes(b)     1,992,022  
  Senior debentures     129,247  
  Pay-in-kind notes     31,847  
   
 
    Total parent debt     6,920,681  
   
 
Subsidiary debt:        
  Secured        
    First Extended DIP Facility(c)     668,495  
    Notes payable to banks     2,240,313  
    Capital lease obligations     38,374  
  Unsecured        
    Senior notes     1,105,538  
    Senior discount notes     342,830  
    Zero coupon senior discount notes     755,031  
    Senior subordinated notes     208,976  
    Other subsidiary debt     122,287  
   
 
      Total subsidiary debt     5,481,844  
   
 
Co-Borrowing Facilities(d)     4,576,375  
Deferred financing fees(e)     (134,208 )
   
 
      Total   $ 16,844,692  
   
 
Current portion of parent and subsidiary debt   $ (707,633 )
   
 
Liabilities subject to compromise (Note 2)   $ (16,137,059 )
   
 

13


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

(a) Parent Debt

        All debt of Adelphia is structurally subordinated to the debt of its subsidiaries such that the assets of an indebted subsidiary are used to satisfy the applicable subsidiary debt before being applied to the payment of parent debt.

(b) Convertible Subordinated Notes

        At January 31, 2005, the convertible subordinated notes included (i) $1,029,876 aggregate principal amount of 6% subordinated convertible notes, (ii) $975,000 aggregate principal amount of 3.25% subordinated convertible notes and (iii) unamortized discounts aggregating $12,854. The Rigas Family Entities hold $167,376 aggregate principal amount of the 6% notes and $400,000 aggregate principal amount of the 3.25% notes. The terms of the 6% notes and 3.25% notes provide for the conversion of such notes into Class A Common Stock (Class B Common Stock in the case of notes held by the Rigas Family Entities) at the option of the holder any time prior to maturity at an initial conversion price of $55.49 per share and $43.76 per share, respectively.

(c) First Extended DIP Facility

        In connection with the Chapter 11 filings, Adelphia and certain of its subsidiaries (collectively, the "Loan Parties") entered into the $1,500,000 DIP Facility. On May 10, 2004, the Loan Parties entered into the $1,000,000 First Extended DIP Facility, which superceded and replaced in its entirety the DIP Facility. The First Extended DIP Facility was superceded and replaced in its entirety by the Second Extended DIP Facility, which is described below.

        The First Extended DIP Facility was scheduled to mature upon the earlier of March 31, 2005 and the occurrence of certain other events, as described in the First Extended DIP Facility. Upon the closing of the First Extended DIP Facility, the Company borrowed an aggregate of $390,750 under the First Extended DIP Facility, and used all such proceeds to repay all of the then outstanding principal, accrued interest and certain related fees and expenses under the DIP Facility. The proceeds from the borrowings under the First Extended DIP Facility were permitted to be used for general corporate purposes and investments, as defined in the First Extended DIP Facility. The First Extended DIP Facility was secured with a first priority lien on all of the Loan Parties' unencumbered assets, a priming first priority lien on all assets of the Loan Parties securing their pre-petition bank debt and a junior lien on all other assets of the Loan Parties. The First Extended DIP Facility was comprised of an $800,000 Tranche A Loan and a $200,000 Tranche B Loan. Loans under the First Extended DIP Facility accrued interest at the Alternate Base Rate, as defined in the First Extended DIP Facility, plus 1.5% or the Adjusted LIBOR Rate, as defined in the First Extended DIP Facility, plus 2.5%.

        The terms of the First Extended DIP Facility contained certain restrictive covenants, which included limitations on the ability of the Loan Parties to (i) incur additional guarantees, liens and indebtedness, (ii) sell or otherwise dispose of certain assets and (iii) pay dividends or make other distributions, or payments with respect to any shares of capital stock, subject to certain exceptions set forth in the First Extended DIP Facility. The First Extended DIP Facility also required compliance with certain financial covenants with respect to operating results and capital expenditures. These financial covenants became effective for periods beginning May 1, 2003.

        On June 29, 2004, July 30, 2004 and January 4, 2005, certain Loan Parties made mandatory prepayments of principal on the First Extended DIP Facility in connection with the consummation of certain asset sales. As a result, the total commitment for the entire First Extended DIP Facility was reduced to $992,744, with the total commitment of the Tranche A Loan being reduced to $793,357 and the total commitment of the Tranche B Loan being reduced to $199,387. As of January 31, 2005, $469,107 under the Tranche A Loan has been drawn and letters of credit totaling $117,453 have been issued under the

14


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Tranche A Loan, leaving availability of $206,797 under the Tranche A Loan. Furthermore, as of January 31, 2005, the entire Tranche B Loan has been drawn.

        The foregoing summary of certain material terms and conditions of the First Extended DIP Facility does not represent a complete summary of all of the material terms and conditions of the First Extended DIP Facility and is qualified in its entirety by reference to the First Extended DIP Facility and Amendment No. 1, Amendment No. 2 and Amendment No. 3 thereto, copies of which are attached as exhibits to Adelphia's Current Reports on Form 8-K filed with the SEC on May 12, 2004, July 27, 2004, September 27, 2004 and December 23, 2004, respectively.

Second Extended DIP Facility

        On February 25, 2005, the Loan Parties entered into the $1,300,000 Second Extended DIP Facility, which supercedes and replaces in its entirety the First Extended DIP Facility. The Second Extended DIP Facility was approved by the Bankruptcy Court on February 22, 2005 and closed on February 25, 2005. Except as set forth below, the material terms and conditions of the Second Extended DIP Facility are substantially identical to the material terms and conditions of the First Extended DIP Facility, including the covenants and collateral securing the Second Extended DIP Facility.

        The Second Extended DIP Facility matures upon the earlier of March 31, 2006 and the occurrence of certain other events, as described in the Second Extended DIP Facility. The Second Extended DIP Facility is comprised of an $800,000 Tranche A Loan (including a $500,000 letter of credit subfacility) and a $500,000 Tranche B Loan. The applicable margin on loans extended under the Second Extended DIP Facility was reduced (when compared to the First Extended DIP Facility) to 1.25% per annum in the case of Alternate Base Rate loans and 2.25% per annum in the case of Adjusted LIBOR Rate loans. In addition, under the Second Extended DIP Facility, the commitment fee with respect to the unused portion of the Tranche A Loan was changed from a commitment fee of between 0.75% to 0.50% per annum to 0.50% per annum.

        In connection with the closing of the Second Extended DIP Facility, on February 25, 2005, the Loan Parties borrowed an aggregate of $578,000 thereunder, and used all such proceeds and a portion of available cash and cash equivalents to repay all of the indebtedness, including accrued and unpaid interest and certain fees and expenses, outstanding under the First Extended DIP Facility. In addition, all of the participations in the letters of credit outstanding under the First Extended DIP Facility were transferred to certain lenders under the Second Extended DIP Facility.

        The foregoing summary of certain material terms and conditions of the Second Extended DIP Facility does not represent a complete summary of all of the material terms and conditions of the Second Extended DIP Facility, and is qualified in its entirety by reference to the Second Extended DIP Facility, a copy of which is attached as an exhibit to Adelphia's Current Report on Form 8-K filed with the SEC on February 25, 2005.

(d) Co-Borrowing Facilities

        The Co-Borrowing Facilities represent the aggregate amount outstanding pursuant to three separate Co-Borrowing Facilities dated May 6, 1999, April 14, 2000 and September 28, 2001. Each co-borrower is jointly and severally liable for the entire amount of the indebtedness under the applicable Co-Borrowing Facility regardless of whether that co-borrower actually borrowed that amount under such Co-Borrowing Facility. All amounts outstanding under Co-Borrowing Facilities at January 31, 2005 represent pre-petition liabilities that have been classified as liabilities subject to compromise in the accompanying consolidated balance sheet.

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        Amounts outstanding pursuant to the Co-Borrowing Facilities are as follows:

 
  January 31,
2005

Attributable to Company subsidiaries   $ 1,730,219
Attributable to Rigas Co-Borrowing Entities:     2,846,156
   
Total included as debt of the Company   $ 4,576,375
   

(e) Deferred Financing Fees

        Pursuant to the requirements of SOP 90-7, deferred financing fees related to pre-petition debt have been included as an adjustment of the net carrying value of the related pre-petition debt at January 31, 2005 and are no longer being amortized.

Other Debt Matters

Weighted average interest rate payable by Adelphia and subsidiaries under credit agreements with banks at January 31, 2005   5.93 %

Note 6. TelCove Spin-off and Bankruptcy Proceedings

        Adelphia Business Solutions, Inc., now known as TelCove ("TelCove"), was a majority-owned subsidiary of the Company through January 11, 2002 (the "TelCove Spin-off Date"). On the TelCove Spin-off Date, the Company distributed, in the form of a dividend, all of the shares of common stock of TelCove owned by Adelphia (the "TelCove Spin-off") to holders of Adelphia $0.01 par value Class A common stock and Adelphia $0.01 par value Class B common stock. Accordingly, the accompanying unaudited consolidated financial statements do not include the accounts of TelCove. TelCove owns, operates and manages entities that provide competitive local exchange carrier ("CLEC") telecommunications services. On the TelCove Spin-off Date, the Company held a majority of the total voting power of the TelCove common stock. On March 27, 2002, TelCove and its direct subsidiaries commenced cases under Chapter 11 of the Bankruptcy Code. Subsequently, on June 18, 2002, certain indirect subsidiaries of TelCove also commenced cases under Chapter 11 of the Bankruptcy Code. TelCove emerged from Chapter 11 on April 7, 2004.

        On December 3, 2003, the Debtors and TelCove entered into a Master Reciprocal Settlement Agreement pursuant to which the parties, among other things, memorialized their agreement relating to their ownership and use of certain shared assets. On March 23, 2004, the Bankruptcy Court approved the Master Reciprocal Settlement Agreement.

        On February 21, 2004, the parties executed a global settlement agreement (the "Global Settlement") that resolves, among other things, certain claims put forth by both TelCove and Adelphia. The Global Settlement provided that, on the closing date, the Company would transfer to TelCove certain settlement consideration, including, approximately $60,000 in cash, plus an additional payment of up to $2,500 related to certain outstanding payables, as well as certain vehicles, real property and intellectual property licenses used in the operation of TelCove's businesses. Additionally, the parties executed various annexes to the Global Settlement (collectively, the "Annex Agreements") that provide, among other things, for (i) a five-year business commitment to TelCove for telecommunication services by the Company, (ii) future use by TelCove of certain fiber capacity in assets owned by the Company and (iii) the mutual release by the parties from any and all liabilities, claims and causes of action that either party has or may have against the other party. Finally, the Global Settlement provides for the transfer by the Company to TelCove of certain CLEC market assets together with the various licenses, franchises and permits related to the

16


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(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

operation and ownership of such assets. On March 23, 2004, the Bankruptcy Court approved the Global Settlement. The Company recorded a $97,902 liability during the fourth quarter of 2003 to provide for the Global Settlement. The Annex Agreements became effective in accordance with their terms on April 7, 2004.

        On April 7, 2004, the effective date of the TelCove plan of reorganization, the Company paid $57,941 to TelCove, transferred the economic risks and benefits of the CLEC market assets to TelCove pursuant to the terms of the Global Settlement and entered into a Master Management Agreement which provided for the management of the CLEC market assets from April 7, 2004 through the date of transfer to TelCove. On August 20, 2004, the Company paid TelCove an additional $2,464 pursuant to the Global Settlement in connection with the resolution and release of certain claims. On August 21, 2004, the CLEC market assets were transferred to TelCove.

Note 7. Century/ML

Bankruptcy filing

        On September 30, 2002, Century/ML Cable Venture ("Century/ML Cable"), a 50/50 joint venture between Century and ML Media Partners, L.P. ("ML Media") filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. This bankruptcy proceeding is administered separately from that of Adelphia. Century/ML Cable is operating its business as a debtor-in-possession and is continuing to serve its subscribers in three communities in Puerto Rico. Prior to the Century/ML Cable Chapter 11 filing, the Company accounted for its investment in Century/ML Cable under the equity method of accounting. At this time, Century/ML Cable is expected to generate sufficient cash to fund foreseeable operations and capital requirements. The Century/ML Cable's Chapter 11 filing is not expected to have a material impact on the operations of Century/ML Cable's subsidiary, Century-ML Cable Corporation, which serves communities in Puerto Rico. Since October 2002 Century/ML Cable has been filing a separate monthly operating report with the Bankruptcy Court.

Other matters

        ML Media and Century are engaged in a process exploring the potential sale of the Venture to a third party, and from time to time have explored other potential transactions relating to Century/ML Cable.

        As further described in Note 8, ML Media and Adelphia are engaged in litigation.

Note 8. Litigation Matters

SEC Civil Action and DoJ Investigation

        On July 24, 2002, the SEC filed a civil enforcement action (the "SEC Civil Action") against Adelphia, certain members of the Rigas Family and others, alleging various securities fraud and improper books and records claims arising out of actions allegedly taken or directed by certain members of the Rigas Management (none of whom remain with the Company). This case is pending in the District Court and settlement discussions are in progress among Adelphia and representatives of the SEC and the DoJ.

        On December 3, 2003, the SEC filed a proof of claim in the Chapter 11 Cases against Adelphia for, among other things, penalties, disgorgement and prejudgment interest in an unspecified amount. The staff of the SEC has told the Company's advisors that its asserted claims for disgorgement and civil penalties under various legal theories could amount to billions of dollars.

        The SEC Civil Action is stayed by order of the District Court until April 29, 2005. The SEC Civil Action is not subject to the automatic stay provisions of the Bankruptcy Code. In addition, the Company remains subject to continuing investigation and further action by the DoJ.

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        Adelphia previously offered $300,000 in value to settle the SEC Civil Action and to resolve the DoJ's ongoing investigation of the Company, which offer included $125,000 which would be funded from potential proceeds from litigation by or on behalf of Adelphia. Based on that offer, the Company had recorded $175,000 as liabilities subject to compromise in the accompanying consolidated balance sheet. Adelphia has increased its offer to $600,000. This offer has been rejected. Although the Company cannot estimate its full liabilities in these matters, the Company anticipates that the additional offer of $300,000 will be reflected as a reserve in the consolidated financial statements accompanying the February Monthly Operating Report. The Creditors' Committee has filed an adversary proceeding seeking, in effect, to subordinate the SEC's claims based on the SEC Civil Action.

        The Company cannot predict the ultimate resolution of the SEC Civil Action or the DoJ investigation or determine the ultimate effect on its financial condition or results of operations. The outcome of the SEC Civil Action could include civil penalties, disgorgement, and the imposition of mandatory governance guidelines or other restrictions imposed on Adelphia. The outcome of the investigation by the DoJ could include the criminal indictment of Adelphia and/or various entities that are owned or controlled by members of the Rigas Family that operate cable systems and for which the Company provides management services (collectively, the "Managed Cable Entities"), monetary remedies, including fines and restitution, criminal and/or civil forfeiture, and remedies restricting the Company's conduct.

        Other governmental agencies, such as the Federal Communications Commission or local franchise authorities might also take action against the Company in response to or based on the outcome of, or developments in, the SEC Civil Action or the investigation by the DoJ. The outcome of, or developments in, the SEC Civil Action and the investigation by the DoJ could have a material adverse effect on the Company, including possible liquidation of the Company.

Securities and Derivative Litigation

        Certain of the Debtors and certain former officers, directors and advisors have been named as defendants in a number of lawsuits alleging violations of federal and state securities laws and related claims. These actions generally allege that the defendants made materially misleading statements understating the Company's liabilities and exaggerating the Company's financial results in violation of securities laws.

        In particular, beginning on April 2, 2002, various groups of plaintiffs filed more than 30 class action complaints, purportedly on behalf of certain of the Company's shareholders and bondholders or classes thereof in federal court in Pennsylvania. Several non-class action lawsuits were brought on behalf of individuals or small groups of security holders in federal courts in Pennsylvania, New York, South Carolina and New Jersey, and in state courts in New York, Pennsylvania, California and Texas. Seven derivative suits were also filed in federal and state courts in Pennsylvania, and four derivative suits were filed in state court in Delaware. On May 6, 2002, a notice and proposed order of dismissal without prejudice was filed by the plaintiff in one of these four Delaware derivative actions. The remaining three Delaware derivative actions were consolidated on May 22, 2002. On February 10, 2004, the parties stipulated and agreed to the dismissal of these consolidated actions with prejudice.

        The complaints, which named as defendants the Company, and certain former officers and directors of the Company, and, in some cases, the Company's former auditors, lawyers, as well as financial institutions who worked with the Company, generally allege that, among other improper statements and omissions, defendants misled investors regarding the Company's liabilities and earnings in the Company's public filings. The majority of these actions assert claims under Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5. Certain bondholder actions assert claims for violation of Section 11 and/or Section 12(a) (2) of the Securities Act. Certain of the state court actions allege various state law claims.

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(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        On July 23, 2003, the Judicial Panel on Multidistrict Litigation issued an order transferring numerous civil actions to the District Court for consolidated or coordinated pre-trial proceedings (the "MDL Proceedings").

        On September 15, 2003, proposed lead plaintiffs and proposed co-lead counsel in the consolidated class action were appointed in the MDL Proceedings. On December 22, 2003, lead plaintiffs filed a consolidated class action complaint. Motions to dismiss have been filed by various defendants. As a result of the filing of the Chapter 11 Cases and the protections of the automatic stay, the Company is not named as a defendant in the amended complaint, but is a non-party. The consolidated class action complaint seeks monetary damages of an unspecified amount, rescission and reasonable costs and expenses and such other and future relief as the court may deem just and proper. The individual actions against the Company also seek damages of an unspecified amount.

        Pursuant to section 362 of the Bankruptcy Code, all of the securities and derivative claims that were filed against the Company before the bankruptcy filings are automatically stayed and not proceeding as to the Company.

        The Company cannot predict the outcome of the pending legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Acquisition Actions

        After the Rigas Family's alleged misconduct was publicly disclosed, three actions were filed in May and June 2002, against the Company by former shareholders of companies that the Company acquired, in whole or in part, through stock transactions. These actions allege that the Company induced these former shareholders to enter into these stock transactions through improper misrepresentations and omissions, and the plaintiffs seek monetary damages and equitable relief through rescission of the underlying acquisition transactions.

        Two of these proceedings have been filed with the American Arbitration Association alleging violations of federal and state securities laws, breaches of representations and warranties and fraud in the inducement. One of these proceedings seeks rescission, compensatory damages and pre-judgment relief, and the other seeks specific performance. The third action alleges fraud and seeks rescission, damages and attorneys fees. This action was originally filed in a Colorado State Court, and subsequently was removed by the Company to the United States District Court for the District of Colorado. The Colorado State Court action was closed administratively on July 16, 2004, subject to reopening if and when the automatic bankruptcy stay is lifted or for other good cause shown. These actions have been stayed pursuant to the automatic stay provisions of section 362 of the Bankruptcy Code.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Equity Committee Shareholder Litigation

        Adelphia is a defendant in an adversary proceeding in the Bankruptcy Court consisting of a declaratory judgment action and a motion for a preliminary injunction brought on January 9, 2003 by the Equity Committee, seeking, among other relief, a declaration as to how the shares owned by the Rigas Family and Rigas Family Entities would be voted should a consent solicitation to elect members of the Board be undertaken. Adelphia has opposed such requests for relief.

        The claims of the Equity Committee are based on shareholder rights that the Equity Committee asserts should be recognized even in bankruptcy, coupled with continuing claims, as of the filing of the lawsuit, of historical connections between the Board and the Rigas Family. Motions to dismiss filed by

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Adelphia and others are fully briefed in this action, but no argument date has been set. If this action survives these motions to dismiss, resolution of disputed fact issues will occur in two phases pursuant to a schedule set by the Bankruptcy Court. Determinations regarding fact questions relating to the conduct of the Rigas Family will not occur until, at a minimum, after the resolution of the Rigas Criminal Action.

        No pleadings have been filed in the adversary proceeding since September 2003, rendering the adversary proceeding inactive.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

ML Media Litigation

        Adelphia and ML Media have been involved in a longstanding dispute concerning Century/ML Cable's management, the buy/sell rights of ML Media and various other matters.

        In March 2000, ML Media brought suit against Century, Adelphia and Arahova Communications Inc. ("Arahova"), a direct subsidiary of Adelphia and Century's immediate parent, in the Supreme Court of the State of New York, seeking, among other things (i) the dissolution of Century/ML Cable and the appointment of a receiver to sell Century/ML Cable's assets, (ii) if no receiver was appointed, an order authorizing ML Media to conduct an auction for the sale of Century/ML Cable's assets to an unrelated third party and enjoining Adelphia from interfering with or participating in that process, (iii) an order directing the defendants to comply with the Century/ML Cable joint venture agreement with respect to provisions relating to governance matters and the budget process and (iv) compensatory and punitive damages. The parties negotiated a consent order that imposed consultative and reporting requirements on Adelphia and Century as well as restrictions on Century's ability to make capital expenditures without ML Media's approval. On April 26, 2001, ML Media obtained a court order holding Century's Century/ML Cable management board designee in contempt for violating the consent order.

        In connection with the December 13, 2001 settlement of the above dispute, ACC, Century/ML Cable, ML Media and Highland Holdings ("Highland"), a general partnership owned and controlled by members of the Rigas Family, entered into a Leveraged Recapitalization Agreement (the "Recap Agreement"), pursuant to which Century/ML Cable agreed to redeem ML Media's 50% interest in Century/ML Cable (the "Redemption") on or before September 30, 2002 for a purchase price between $275,000 and $279,800 depending on the timing of such redemption, plus interest. Among other things, the Recap Agreement provided that (i) Highland would arrange debt financing for the Redemption, (ii) Highland, Adelphia and Century would jointly and severally guarantee debt service on debt financing for the Redemption on and after the closing, and (iii) Highland and Century would own 60% and 40% interests, respectively, in the recapitalized Century/ML Cable. Under the terms of the Recap Agreement, Century's 50% interest in Century/ML Cable was pledged to ML Media as collateral for Adelphia's obligations.

        On September 30, 2002, Century/ML Cable filed a voluntary petition to reorganize under Chapter 11 in the Bankruptcy Court. Century/ML Cable is operating its business as a debtor-in-possession.

        By an order of the Bankruptcy Court dated September 17, 2003, Adelphia and Century rejected the Recap Agreement, effective as of such date. If the Recap Agreement is enforceable, the effect of the rejection of the Recap Agreement is the same as a prepetition breach of the Recap Agreement. Therefore, Adelphia and Century are potentially exposed to "rejection damages" which may include the revival of ML Media's claims under the state court actions described above.

        Adelphia, Century, Highland Holdings, Century/ML Cable and ML Media are engaged in litigation regarding the enforceability of the Recap Agreement. On April 15, 2004, the Bankruptcy Court

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

indicated that it would dismiss all counts of Adelphia's challenge to the enforceability of the Recap Agreement except for its allegation that ML Media aided and abetted a breach of fiduciary duty in connection with the execution of the Recap Agreement. The Bankruptcy Court also indicated that it would allow Century/ML Cable's action to avoid the Recap Agreement as a fraudulent conveyance to proceed.

        ML Media has alleged that it is entitled to elect recovery of either (i) $279,800 plus costs and interest in exchange for its interest in Century/ML Cable, or (ii) up to the difference between $279,800 and the fair market value of its interest in Century/ML Cable, plus costs, interest and revival of the state court claims described above. Adelphia, Century and Century/ML Cable have disputed ML Media's claims, and the Amended Plan contemplates that ML Media will receive no distribution until such dispute is resolved. The parties have from time to time engaged in settlement discussions relating to a potential settlement of their disputes, but no agreement has been reached and the parties may not be able to reach a settlement agreement.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

The X Clause Litigation

        On December 29, 2003, the Ad Hoc Committee of holders of Adelphia's 6% and 4% subordinated notes (collectively the "Subordinated Notes"), together with the Bank of New York, the indenture trustee for the Subordinated Notes (collectively, the "X Clause Plaintiffs"), commenced an adversary proceeding against Adelphia in the Bankruptcy Court. The X Clause Plaintiffs' complaint sought a judgment declaring that the Subordinated Notes are entitled to share pari passu in the distribution of any common stock issued by Adelphia under the Stand-Alone Plan and are not subordinated to Adelphia's senior classes of indebtedness with respect to such common stock distributions.

        The basis for the X Clause Plaintiffs' claim is a provision in the applicable indentures, commonly known as the "X Clause," which provides that any distributions under a plan of reorganization comprised solely of "Permitted Junior Securities" are not subject to the subordination provision of the Subordinated Notes indenture. The X Clause Plaintiffs asserted that, under their interpretation of the applicable indentures, a distribution of a single class of new Adelphia common stock would meet the definition of "Permitted Junior Securities" set forth in the indentures, and therefore be exempt from subordination.

        On February 6, 2004, Adelphia filed its answer to the complaint, denying all of its substantive allegations. Thereafter, both the X Clause Plaintiffs and Adelphia cross-moved for summary judgment with both parties arguing that their interpretation of the X Clause was correct as a matter of law. The indenture trustee for the Adelphia senior notes also intervened in the action and, like Adelphia, moved for summary judgment arguing that the X Clause Plaintiffs were subordinated to holders of senior notes with respect to any distribution of common stock under a plan. In addition, the Creditors' Committee also moved to intervene and, thereafter, moved to dismiss the X Clause Plaintiffs' complaint on the ground, among others, that it did not present a justiciable case or controversy and therefore was not ripe for adjudication. In a written decision, dated April 12, 2004, the Bankruptcy Court granted the Creditors' Committee's motion to dismiss without ruling on the merits of the various cross-motions for summary judgment. The Bankruptcy's Court's dismissal of the action was without prejudice to the X Clause Plaintiffs' right to bring the action at a later date, if appropriate.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Rigas Criminal Action

        In connection with an investigation conducted by the DoJ, on July 24, 2002, certain members of

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

the Rigas Family and certain alleged co-conspirators were arrested, and on September 23, 2002, were indicted by a grand jury on charges including fraud, securities fraud, bank fraud and conspiracy to commit fraud. On November 14, 2002, one of the Rigas Family's alleged co-conspirators, James Brown, pleaded guilty to one count each of conspiracy, securities fraud and bank fraud. On January 10, 2003, another of the Rigas Family's alleged co-conspirators, Timothy Werth, who had not been arrested with the others on July 24, 2002, pleaded guilty to one count each of securities fraud, conspiracy to commit securities fraud, wire fraud and bank fraud. The trial in the Rigas Criminal Action began on February 23, 2004 in the District Court. On July 8, 2004, the jury returned a partial verdict in the Rigas Criminal Action. John J. Rigas and Timothy J. Rigas were each found guilty of conspiracy (one count), bank fraud (two counts), and securities fraud (15 counts) and not guilty of wire fraud (five counts). Michael J. Mulcahey was acquitted of all 23 counts against him. The jury found Michael J. Rigas not guilty of conspiracy and wire fraud but remained undecided on the securities fraud and bank fraud charges against him. On July 9, 2004, the court declared a mistrial on the remaining charges against Michael J. Rigas after the jurors were unable to reach a verdict as to those charges. The bank fraud charges against Michael J. Rigas have since been dismissed with prejudice, but the DoJ has requested that a new trial date be set to retry Michael J. Rigas on the securities fraud charges. On November 1, 2004, Michael J. Rigas' post-trial motion for dismissal of all charges was denied. The post-trial motions of John J. and Timothy J. Rigas in which they sought to overturn the guilty verdicts were denied on November 15, 2004. Both have stated that they intend to appeal the guilty verdicts. A hearing is scheduled for February 28, 2005, at which time the District Court is expected to consider the DoJ's request to set a retrial date for Michael J. Rigas. The sentencing of John J. Rigas and Timothy J. Rigas is currently scheduled for March 24, 2005.

        The indictment against the Rigases includes a request for entry of a money judgment in an amount exceeding $2,500,000 and for entry of an order of forfeiture. The Company believes that the DoJ may seek through such criminal forfeiture all interests of the convicted Rigas defendants in the Rigas Family Entities, or through civil forfeiture all of the assets of the Rigas Family Entities. The Government may also seek such assets through indictment of such entities. On December 10, 2004, the DoJ filed an application for a preliminary order of forfeiture finding John J. Rigas and Timothy J. Rigas jointly and severally liable for personal money judgments in the amount of $2,500,000. The Company has asserted claims against members of the Rigas Family and the Rigas Family Entities for amounts due, including their share of the borrowings under the Co-Borrowing Facilities. If the DoJ achieves the forfeiture of such assets, it will be significantly more difficult for the Company to recover on its claims with respect to the Rigas Family Entities. In addition, such forfeiture would make it significantly more difficult, if not impossible, for the Company to acquire ownership of, and maintain operational control over, the Managed Cable Entities which are highly integrated into the Company's operations.

        The Company is not a defendant in the Rigas Criminal Action but remains under investigation by the DoJ regarding matters related to alleged wrongdoing by certain members of the Rigas Family. The Company cannot predict the outcome of this investigation or estimate the possible effects on the financial condition or results of operations of the Company.

Verizon Franchise Transfer Litigation

        On March 20, 2002, the Company commenced an action (the "California Cablevision Action") in the United States District Court for the Central District of California, Western Division, seeking, among other things, declaratory and injunctive relief precluding the City of Thousand Oaks California from denying permits on the grounds that the Company failed to seek the city's prior approval of an asset purchase agreement (the "Asset Purchase Agreement"), dated December 17, 2001, between the Company and Verizon Media Ventures, Inc. d/b/a Verizon Americast ("Verizon Media Ventures"). Pursuant to the Asset Purchase Agreement, the Company acquired certain Verizon Media Ventures cable equipment and network system assets (the "Verizon Cable Assets") located in the City of Thousand Oaks for use in the operation of the Company's cable business in the city.

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ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        On March 25, 2002, the city and Ventura County commenced an action (the "Thousand Oaks Action," and collectively with the California Cablevision Action, the "California Actions"), against the Company and Verizon Media Ventures in California State Court alleging that (i) Verizon Media Ventures' entry into the Asset Purchase Agreement and conveyance of the Verizon Cable Assets constituted a breach of Verizon Media Ventures' cable franchises, and (ii) the Company's participation in the transaction amounted to actionable interference with those franchises. The City of Thousand Oaks and Ventura County sought injunctive relief to halt the sale and transfer of the Verizon's Cable Assets pursuant to the Asset Purchase Agreement and to compel the Company to treat the Verizon Cable Assets as a separate cable system.

        On March 27, 2002, the Company and Verizon Media Ventures removed the Thousand Oaks Action to the United States District Court for the Central District of California, where it was consolidated with the California Cablevision Action.

        On April 12, 2002, the district court conducted a hearing on the city's and county's application for a preliminary injunction and, on April 15, 2002, the district court entered an order granting the preliminary injunction in part, pending entry of a further order. On May 14, 2002, the district court entered a final preliminary injunction order and findings of fact and conclusions of law in support thereof (the "May 14, 2002 Order"). The May 14, 2002 Order, among other things: (i) enjoined the Company from integrating the Company's and Verizon Media Ventures' system assets serving subscribers in the City of Thousand Oaks and Ventura County; (ii) required the Company to return "ownership" of the Verizon Cable Assets to Verizon Media Ventures except that the Company was permitted to continue to "manage" the assets as Verizon Media Ventures' agent to the extent necessary to avoid disruption in services until Verizon Media Ventures chose to reenter the market or sell the assets; (iii) prohibited the Company from eliminating any programming options that had previously been selected by Verizon Media Ventures or from raising the rates charged by Verizon Media Ventures; and (iv) required the Company and Verizon Media Ventures to grant the city and/or the county access to system records, contracts, personnel and facilities for the purpose of conducting an inspection of the then-current "state of the Verizon Media Ventures and the Company systems" in the city and the county. The Company appealed the May 14, 2002 Order and on April 1, 2003, the U.S. Court of Appeals for the Ninth Circuit reversed the May 14, 2002 Order, thus removing any restrictions that had been imposed by the district court against the Company's integration of the Verizon Cable Assets, and remanded the actions back to the district court for further proceedings.

        In September 2003, the City began refusing to grant the Company's construction permit requests, claiming that the Company could not integrate the acquired Verizon Cable Assets with the Company's existing cable system assets because the City had not approved the transaction between the Company and Verizon Media Ventures, as allegedly required under the City's cable ordinance.

        Accordingly, on October 2, 2003, the Company filed a motion for a preliminary injunction in the district court seeking to enjoin the City from refusing to grant the Company's construction permit requests. On November 3, 2003, the district court granted the Company's motion for a preliminary injunction, finding that the Company had demonstrated "a strong likelihood of success on the merits." Thereafter, the parties agreed to informally stay the litigation pending negotiations between the Company and the City for the Company's renewal of its cable franchise, with the intent that such negotiations would also lead to a settlement of the pending litigation. However, on September 16, 2004, at the City's request, the court set a trial date of July 12, 2005, which has effectively re-opened the case to active litigation. The court scheduled discovery and motion cut-off dates for March 18, 2005 and May 9, 2005, respectively, the expert witness disclosure date for April 8, 2005 and a pre-trial conference date for June 27, 2005.

        The Company cannot predict the outcome of these actions or estimate the possible effects on the financial condition or results of operations of the Company.

23


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Dibbern Adversary Proceeding

        On or about August 30, 2002, Gerald Dibbern, individually and purportedly on behalf of a class of similarly situated subscribers nationwide, commenced an adversary proceeding in the District Court against Adelphia asserting claims for violation of the Pennsylvania Consumer Protection Law, breach of contract, fraud, unjust enrichment, constructive trust, and an accounting. This complaint alleges that Adelphia charged, and continues to charge, subscribers for cable set-top box equipment, including set-top boxes and remote controls, that is unnecessary for subscribers that receive only basic cable service and have cable-ready televisions. The complaint further alleges that Adelphia failed to adequately notify affected subscribers that they no longer needed to rent this equipment. The complaint seeks a number of remedies including treble money damages under the Pennsylvania Consumer Protection Law, declaratory and injunctive relief, imposition of a constructive trust on Adelphia's assets, and punitive damages, together with costs and attorneys' fees.

        On or about December 13, 2002, Adelphia moved to dismiss the adversary proceeding on several bases, including that the complaint fails to state a claim for which relief can be granted and that the matters alleged therein should be resolved in the claims process. Adelphia's motion has been fully briefed and argued and is presently under consideration by the court.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Tele-Media Examiner Motion

        By motion filed in the Bankruptcy Court on August 5, 2004, TMCD and certain of its affiliates are seeking the appointment of an examiner for the following Debtors: Tele-Media Company of Tri-States, L.P., CMA Cablevision Associates VII, L.P., CMA Cablevision Associates XI, L.P., TMC Holdings Corporation, Adelphia Company of Western Connecticut, TMC Holdings, LLC, Tele-Media Investment Limited Partnership, L. P., Eastern Virginia Cablevision, L.P., Tele-Media Company of Hopewell Prince George, and Eastern Virginia Cablevision Holdings, LLC. Among other things, TMCD alleges that management and the Board breached their fiduciary obligations to the creditors and equity holders of those entities. Consequently, TMCD seeks the appointment of an examiner to investigate and make recommendations to the Bankruptcy Court regarding various issues related to such entities. The hearing on this motion has been consensually adjourned until March 2005.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Creditors' Committee Lawsuit Against Pre-Petition Banks

        Pursuant to the Bankruptcy Court order approving the DIP Facility (the "Final DIP Order"), the Company made certain acknowledgments (the "Acknowledgments") with respect to the extent of its indebtedness under the credit facilities, as well as the validity and extent of the liens and claims of the lenders under such facilities. However, given the circumstances surrounding the filing of the Chapter 11 Cases, the Final DIP Order preserved the Company's right to prosecute, among other things, avoidance actions and claims against the pre-petition lenders and to bring litigation against the pre-petition lenders based on any wrongful conduct. The Final DIP Order also provided that any official committee appointed in the Chapter 11 Cases would have the right to request that it be granted standing by the Bankruptcy Court to challenge the Acknowledgments and to bring claims belonging to the Company and its estates against the pre-petition lenders.

        Pursuant to a stipulation among the Company, the Creditors' Committee and the Equity Committee, which is being challenged by certain pre-petition lenders, the Bankruptcy Court granted the

24


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Creditors' Committee leave and standing to file and prosecute claims against the pre-petition lenders, on behalf of the Company, and granted the Equity Committee leave to seek to intervene in any such action. This stipulation also preserves the Company's ability to compromise and settle the claims against the pre-petition lenders. By motion dated July 6, 2003, the Creditors' Committee moved for Bankruptcy Court approval of this stipulation and simultaneously filed a complaint (the "Bank Complaint") against the agents and lenders under certain credit facilities, and related entities, asserting, among other things, that these entities knew of, and participated in, the alleged improper actions by certain members of the Rigas Family and the Rigas Family Entities (the "Pre-petition Lender Litigation"). The Company is a nominal plaintiff in this action.

        The Bank Complaint contains 52 claims for relief to redress the claimed wrongs and abuse committed by the agents, lenders and other entities. The Bank Complaint seeks to, among other things, (i) recover as fraudulent transfers the principal and interest paid by the Company to the defendants, (ii) avoid as fraudulent obligations the Company's obligations, if any, to repay the defendants, (iii) recover damages for breaches of fiduciary duties to the Company and for aiding and abetting fraud and breaches of fiduciary duties by the Rigas Family, (iv) equitably disallow, subordinate or recharacterize each of the defendants' claims in the Chapter 11 Cases, (v) avoid and recover certain allegedly preferential transfers made to certain defendants, and (vi) recover damages for violations of the Bank Holding Company Act.

        Numerous motions seeking to defeat the Pre-petition Lender Litigation were filed by the defendants and the Bankruptcy Court held a hearing on such issues, but the Bankruptcy Court has not issued a ruling yet. The Equity Committee has filed a motion seeking authority to bring additional claims against the pre-petition lenders pursuant to the Racketeering Influenced and Corrupt Organizations ("RICO") Act. The Bankruptcy Court heard oral argument on these motions on December 20 and December 21, 2004, but the Bankruptcy Court has not yet ruled on the motions.

        Under the Amended Plan, the Company is seeking to compromise and settle, in part, the Pre-petition Lender Litigation, including through the dismissal of certain claims and the release of certain defendants.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Devon Mobile Claim

        Pursuant to the Agreement of Limited Partnership of Devon Mobile Communications, L.P., a Delaware limited partnership ("Devon Mobile"), dated as of November 3, 1995 (the "Devon Mobile Limited Partnership Agreement"), the Company owned a 49.9% limited partnership interest in Devon Mobile, which, through its subsidiaries, held licenses to operate regional wireless telephone businesses in several states. Devon Mobile had certain business and contractual relationships with the Company and with former subsidiaries or divisions of the Company which were spun-off as TelCove in January 2002.

        In late May 2002, the Company notified Devon G.P., Inc. ("Devon G.P."), the general partner of Devon Mobile, that it would likely terminate certain discretionary operational funding to Devon Mobile. In July 2002, the Company learned that its former subsidiary, TelCove, had elected to terminate certain services it provided to Devon Mobile. On August 19, 2002, Devon Mobile and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware (the "Devon Mobile Bankruptcy Court").

        On January 17, 2003, the Company filed proofs of claim and interest against Devon Mobile and its subsidiaries for approximately $129,000 in respect of debt and equity claims, as well as an additional claim of approximately $35,000 relating to the Company's guarantee of certain Devon Mobile obligations (collectively, the "Company Claims"). By order dated October 1, 2003, the Devon Mobile Bankruptcy

25


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Court confirmed Devon Mobile's First Amended Joint Plan of Liquidation (the "Devon Plan"). The Devon Plan became effective on October 17, 2003, at which time the Company's limited partnership interest in Devon Mobile was extinguished. On or about January 8, 2004, Devon Mobile filed proofs of claim in the Chapter 11 Cases in respect of, among other things, certain transfers alleged to be made by Devon Mobile to the Company prior to the commencement of the Chapter 11 Cases (the "Devon Claims"). On May 20, 2004, the Company and Devon Mobile filed a stipulation in the Chapter 11 Cases granting Devon Mobile limited relief from the automatic stay to file (i) a complaint against the Company based on the Devon Claims and (ii) objections to the Company Claims in the Devon Mobile Bankruptcy Court (the "Devon Stay Stipulation"). The Devon Stay Stipulation was approved by the Bankruptcy Court on June 10, 2004. On June 21, 2004, Devon Mobile commenced an adversary proceeding in the Chapter 11 Cases (the "Devon Adversary Proceeding") through the filing of a complaint (the "Devon Complaint") in respect of the Devon Claims. On August 20, 2004, the Company filed an answer and counterclaim in response to the Devon Complaint denying the allegations made in the Devon Complaint and asserting various counterclaims against Devon Mobile (the "Company Answer"), which encompassed the Company Claims. On September 21, 2004, the Bankruptcy Court entered an order approving an amendment to the Devon Stay Stipulation which provides that the Company Claims will be prosecuted to final order in the Bankruptcy Court and will be given full force and effect by the Devon Mobile Bankruptcy Court taking into account the rights of set-off and/or recoupment of the parties with respect thereto. On September 30, 2004, Devon Mobile filed an answer with respect to the counterclaims asserted by the Company in the Company Answer and denying liability for the Company Claims. On October 13, 2004, the Company filed a motion for judgment on the pleadings dismissing Devon Mobile's demand for punitive damages and, by stipulation, Devon Mobile withdrew its punitive damages claims without prejudice. On November 22, 2004, the Company filed a motion for leave (the "Motion for Leave") to file a third party complaint against Devon G.P. and Lisa-Gaye Shearing Mead, the sole owner and President of Devon G.P. By endorsed order entered January 12, 2005, Judge Robert E. Gerber, the judge presiding over the Chapter 11 Cases and the Devon Adversary Proceeding, granted a recusal request made by counsel to Devon G.P. On January 21, 2005, the Devon Adversary Proceeding was reassigned from Judge Gerber to Judge Cecelia G. Morris. As of the date hereof, the Motion for Leave remains pending before the Bankruptcy Court. Any recovery of the Company Claims is uncertain at this time.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

NFHLP Claim.

        On January 13, 2003, NFHLP and certain of its subsidiaries (the "NFHLP Debtors") filed voluntary petitions to reorganize under Chapter 11 in the United States Bankruptcy Court of the Western District of New York (the "NFHLP Bankruptcy Court") seeking protection under the U. S. bankruptcy laws. Certain of the NFHLP Debtors entered into an agreement dated March 13, 2003 for the sale of certain assets, including the Buffalo Sabres National Hockey League team, and the assumption of certain liabilities. On October 3, 2003, the NFHLP Bankruptcy Court approved the NFHLP joint plan of liquidation. The NFHLP Debtors filed a complaint, dated November 4, 2003, against, among others, Adelphia and the Creditors' Committee seeking to enforce certain prior stipulations and orders of the NFHLP Bankruptcy Court against Adelphia and the Creditors' Committee related to the waiver of Adelphia's right to participate in certain sale proceeds resulting from the sale of assets. Certain of the NFHLP Debtors' pre-petition lenders, which are also defendants in the adversary proceeding, have filed cross-complaints against Adelphia and the Creditors' Committee asking the NFHLP Bankruptcy Court to enjoin Adelphia and the Creditors' Committee from prosecuting their claims against those pre-petition lenders. Proceedings as to the complaint itself have been suspended. With respect to the cross-complaints, motion practice and discovery are proceeding concurrently; no hearing on dispositive motions has been scheduled.

26


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Litigation Relating to Rigas Family Defense Costs

        In July 2003 and again in February 2004, the Rigas Family sought approval from the Bankruptcy Court to use cash from the Managed Cable Entities to fund the Rigas Family members' civil and criminal defense costs. The Rigas Family claimed they were entitled to this funding based on certain purported indemnity and other rights they said they had as officers, directors, and controlling shareholders of the Managed Cable Entities. In an order dated August 7, 2003, among other things, the Bankruptcy Court granted the Rigas Family members' request to the extent of $15,000. In a decision rendered from the bench on February 18, 2004 and entered as an order on March 9, 2004, the Bankruptcy Court amended that order to allow an additional $12,800 to be spent on criminal defense costs and denied the Rigas Family members' request for additional funding for civil defense costs.

        Adelphia and the Creditors' Committee appealed the February 18, 2004 ruling and moved for a stay pending the appeal of the Bankruptcy Court's March 9, 2004 order. A hearing on the motion for a stay pending appeal was held on March 17, 2004 in the District Court. On March 22, 2004, the District Court denied Adelphia's motion for a stay pending appeal of the Bankruptcy Court's March 9, 2004 order. On September 14, 2004, the Rigas Family members again moved to amend the August 7, 2003 and March 9, 2004 orders, seeking approximately $11,000 more in cash from the Managed Cable Entities to fund civil and criminal defense costs. While that motion was pending, the District Court issued a decision on September 27, 2004, vacating the Bankruptcy Court's March 9, 2004 order and remanding the matter back to the Bankruptcy Court for further consideration.

        On November 8, 2004, a hearing occurred regarding evidentiary issues relating to the Rigas Family members' latest motion at which time the court granted Adelphia's motion to exclude certain evidence. Another evidentiary hearing was held on November 22, 2004, concerning the ability of the Rigases to obtain additional funding of attorneys fees both pursuant to the request which was granted but vacated by the District Court and the latest request for an additional $11,000. The Bankruptcy Court has not yet ruled on the Rigas Family members' motions. As of January 31, 2005, $27,800 had been advanced to the Rigas Family.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Preferred Shareholder Litigation

        On August 11, 2003, Adelphia initiated an adversary proceeding in the Bankruptcy Court against the holders of Adelphia's preferred stock (the "Preferred Stockholders"), seeking, among other things, to enjoin the Preferred Stockholders from exercising certain purported rights to elect directors to the Board due to Adelphia's failure to pay dividends and alleged breaches of debt-like covenants contained in the Certificates of Designations relating to Adelphia's Preferred Stock. On August 13, 2003, certain of the Preferred Stockholders filed an action against Adelphia in the Delaware Chancery Court seeking a declaratory judgment of their purported right to appoint two directors to the Board (the "Delaware Action"). On August 13, 2003, the Bankruptcy Court granted Adelphia a temporary restraining order, which, among other things, stayed the Delaware Action and temporarily enjoined the Preferred Stockholders from exercising their purported rights to elect directors to the Board. Thereafter, the Delaware Action was withdrawn.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

27


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Adelphia's Lawsuit Against the Rigas Family

        On July 24, 2002, Adelphia filed a complaint in the Bankruptcy Court (the "Rigas Civil Action") against John J. Rigas, Michael J. Rigas, Timothy J. Rigas, James P. Rigas, James Brown, Michael C. Mulcahey, Peter L. Venetis, Doris Rigas, Ellen Rigas Venetis and the Rigas Family Entities. This action generally alleges that defendants misappropriated billions of dollars from the Company in breach of their fiduciary duties to Adelphia. On November 15, 2002, Adelphia filed an amended complaint against the defendants that expanded upon the facts alleged in the original complaint and alleged violations of the RICO Act (Counts I-IV), breach of fiduciary duty (Count securities fraud (Count VI), fraudulent concealment (Count VII), fraudulent misrepresentation (Count VIII), conversion (Count IX), waste of corporate assets (Count X), breach of contract (Count XI), unjust enrichment (Count XII), fraudulent conveyance (Count XIII), constructive trust (Count XIV), inducing breach of fiduciary duty (Count XV), and a request for an accounting (Count XVI) (the "Amended Complaint"). The Amended Complaint seeks relief in the form of, among other things, treble and punitive damages, disgorgement of monies and securities obtained as a consequence of the Rigases' improper conduct and attorneys' fees.

        On June 7, 2003, U.S. District Court Judge George Daniels denied the defendants' motion to remove the case from the Bankruptcy Court to the District Court.

        On January 16, 2003, John J., Michael J., Timothy J. and James P. Rigas, Doris Rigas and the Rigas Family Entities (collectively referred to as "Rigas Defendants"), Peter L. Venetis and Ellen Rigas Venetis each filed motions to dismiss the Amended Complaint. These motions were argued in April 2004. On June 28, 2004, the Bankruptcy Court denied the Rigas Defendants' motion to dismiss the Amended Complaint only as to the state law claims (Counts V, VII-XVI) and expressly reserved its ruling on the remaining federal law claims (RICO and securities fraud counts (Counts I-IV, VI)). The Bankruptcy Court further ruled that the Rigas Defendants will have no obligation to answer all or part of the Amended Complaint until either: (i) the Bankruptcy Court rules upon the Rigas Defendants' motion to dismiss the federal law claims asserted in the Amended Complaint; or (ii) by further order of the Bankruptcy Court.

        On August 20, 2004, Adelphia moved for partial summary judgment against John J., Timothy J., Michael J., and James P. Rigas, and the Rigas Family Entities on counts XII (unjust enrichment) and XIV (constructive trust) of the Amended Complaint. Adelphia seeks judgment in the amount of $3,232 million plus pre-judgment interest from April 30, 2002, and asks the court to impose a constructive trust on the Rigases' monies and property acquired, directly or indirectly, through the use of the Company's funds and credit, and to order the reconveyance of all such monies and property to the Company. On October 20, 2004, the Rigas Defendants filed their response to Adelphia's motion pursuant to Rule 56(f) of the Federal Rules of Civil Procedure, claiming that the court should delay consideration of the motion until the Rigas Defendants have had the opportunity to conduct additional discovery. On October 22, 2004, the co-borrowing facility banks moved to intervene in the Rigas Adversary Proceedings as to Counts XII (unjust enrichment) and XIV (constructive trust) of the Amended Complaint. A hearing was held on December 15, 2004, at which time the Bankruptcy Court granted the banks' motion to intervene but specified that prior to propounding any discovery the banks were to seek agreement from the parties or, in the event the parties cannot reach agreement, leave of court. In a December 2, 2004 decision, the Bankruptcy Court agreed to delay consideration of the motion until the Rigas Defendants could conduct certain, but not all, of the additional discovery they had requested. The hearing on the motion is currently scheduled for March 17, 2005.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

28


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Adelphia's Lawsuit Against Deloitte

        Adelphia sued Deloitte, Adelphia's former independent auditors, on November 6, 2002 in the Court of Common Pleas for Philadelphia County seeking damages for Deloitte's role in the Rigas Family's alleged misappropriation of funds from the Company. The complaint brings causes of action for professional negligence, breach of contract, aiding and abetting breach of fiduciary duty, fraud, negligent misrepresentation and contribution. The complaint alleges, among other things, that Deloitte knew of at least aspects of the alleged misappropriation and misconduct of the Rigas Family, and that other alleged acts of self-dealing and misappropriation by the Rigas Family were readily apparent to Deloitte from the books and records that Deloitte reviewed and to which it had access. The complaint alleges that, in either case, Deloitte had a duty to report the Rigas Family's alleged misconduct to those who could have acted to stop the Rigas Family, but Deloitte did not do so. The complaint seeks damages of an unspecified amount.

        Deloitte filed preliminary objections to the complaint, which were overruled by the court by order dated June 11, 2003.

        On September 15, 2003, Deloitte filed an Answer, New Matter, and Counterclaims in response to the complaint. In its counterclaims, Deloitte asserted causes of action against Adelphia for breach of contract, fraud, negligent misrepresentation and contribution. Also on September 15, 2003, Deloitte filed a related complaint naming as additional defendants John J. Rigas, Timothy J. Rigas, Michael J. Rigas and James P. Rigas. In this complaint, Deloitte alleged causes of action for fraud, negligent misrepresentation and contribution. On January 9, 2004, Adelphia answered Deloitte's counterclaims. Deloitte moved to stay discovery in this action until completion of the criminal action against John J. Rigas, Timothy J. Rigas, Michael J. Rigas and Michael C. Mulcahey, which Adelphia opposed. Following this motion, discovery was effectively stayed for 60 days but has now commenced. Deloitte and Adelphia have exchanged documents and have begun deposition discovery. On January 10, 2005, the court signed a scheduling order stating, among other deadlines, that (i) all discovery in the case is to be completed by June 6, 2005, (ii) pre-trial motions are to be filed by July 5, 2005 and (iii) the court expects the case to be ready for trial by October 3, 2005.

        The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

Series E Preferred Stock Motion

        On October 29, 2004, Adelphia filed a motion to postpone the conversion of Adelphia's Series E Preferred Stock into shares of Class A Common Stock from November 15, 2004 to February 1, 2005, to the extent such conversion was not already stayed by the Debtors' bankruptcy filing, in order to protect the Debtors' NOL carryovers. The motion was heard on November 10, 2004, and on November 18, 2004, the Bankruptcy Court entered an order approving the postponement effective November 14, 2004.

        On February 4, 2005, Adelphia entered into a stipulation postponing, to the extent applicable, the conversion date of both the Series E Preferred Stock and the Series F Preferred Stock until March 1, 2005.

Other

        The Company is subject to various other legal proceedings and claims which arise in the ordinary course of business. Management believes, based on information currently available, that the amount of ultimate liability with respect to any of these actions will not materially affect the Company's financial position or results of operations.

29


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Note 9. Additional information

Reclassification

        Certain amounts for the thirty-one months ended January 31, 2005 have been reclassified to conform with the January 31, 2005 monthly presentation.

Dispositions

        As more fully described in Note 6, in April 2004, the Company transferred the economic risks and benefits of certain assets which provide CLEC telecommunication services to TelCove. Accordingly, the Company presented such CLEC assets as discontinued operations beginning in April 2004.

        In November 2004, the Company entered into an asset purchase agreement to sell its security business for approximately $38,000. Pursuant to the bidding procedures order filed with the Bankruptcy Court on November 22, 2004, qualified bidders had the opportunity to submit higher or otherwise better offers with a bid deadline of January 17, 2005. The Company received a qualified bid and conducted an auction for the sale of the security business on January 21, 2005. The winning bid was approximately $42,750 and is subject to adjustment, based primarily on the final contractual recurring monthly revenue of the security business. This agreement was approved by the Bankruptcy Court on January 28, 2005. The transaction is expected to close in the first quarter of 2005.

Change in Useful Life

        In March 2004, effective January 1, 2004, the Company changed the useful life used to calculate the depreciation of converter boxes from five years to four years due to the introduction of advanced set-top boxes which provide high definition and digital video recording capabilities.

Cash and cash equivalents

        Cash equivalents consist primarily of money market funds and United States ("U.S.") Government obligations with maturities of three months or less when purchased. The carrying amounts of cash equivalents approximate their fair values.

Restricted cash

        Restricted cash is primarily comprised of: (i) cash receipts from customers that were placed in trust as a result of a dispute arising from the acquisition of a cable system, (ii) amounts that are required to be used to fund mandatory prepayments of principal on the First Extended DIP Facility in connection with the consummation of certain asset sales and (iii) amounts that are required to be used to pay worker's compensation expenses. Details of restricted cash are presented below:

 
  January 31,
2005

Current restricted cash:      
  Dispute related to acquisition   $ 3,625
  Reduction events     1,506
  Other     45
   
    Total   $ 5,176
   
Noncurrent restricted cash:      
  Worker's compensation   $ 1,621
  Other     3,020
   
    Total   $ 4,641
   

30


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Accounts receivable

        Accounts receivable are reflected net of an allowance for doubtful accounts. Such allowance was $35,892 at January 31, 2005.

Accounts payable, accrued liabilities and other liabilities

        To the Company's knowledge, all undisputed post-petition trade payables are current and all premiums for insurance policies, including all workers' compensation and disability insurance policies, required to be paid are fully paid as of January 31, 2005.

Preferred stock

        Contractual dividends applicable to the Company's preferred stock were $10,010 and $310,323 for the respective one and thirty-one months ended January 31, 2005.

Basic and diluted loss per weighted average share of common stock

        Basic loss per weighted average share of common stock is computed based on the weighted average number of common shares outstanding after giving effect to dividend requirements on the Company's preferred stock. Diluted loss per common share is equal to basic net loss per common share because the Company's convertible preferred stock and outstanding stock options do not have a dilutive effect for the periods presented. In the future, however, the convertible preferred stock and outstanding stock options could have a dilutive effect on earnings per share.

Supplemental cash flow information

        Cash payments for interest were $41,223 and $1,008,860 for the one and thirty-one month periods ended January 31, 2005, respectively. Included in these amounts are cash payments made by the Company of $16,492 and $422,621 for the one and thirty-one month periods ended January 31, 2005, respectively, for interest on the co-borrowing credit facilities attributable to the Rigas Family Entities.

Key Employee Retention Programs

        On September 21, 2004, the Bankruptcy Court entered orders authorizing the Debtors to implement and adopt the continuity program that consists of two distinct programs (i) the Adelphia Communications Corporation Key Employee Continuity Program (as amended, the "Stay Plan") and (ii) the Adelphia Communications Corporation Sale Bonus Program (as amended, the "Sale Plan" and, together with the Stay Plan, the "Continuity Program"), which are each designed to motivate certain employees to remain with the Debtors. Certain executive officers of Adelphia are not eligible to participate in the Continuity Program. In addition, the order authorized certain amendments to the Amended and Restated Severance Program and certain formal employment agreements. With respect to the Stay Plan and the Sale Plan, in the event that (i) a Change in Control (as defined in the Stay Plan and the Sale Plan) occurs and (ii) all of the bonuses under both the Stay Plan and the Sale Plan are payable, the total cost of the Continuity Program could reach approximately $30,800 (including approximately $9,800 payable under the Stay Plan, $18,000 payable under the Sale Plan, and a $3,000 pool from which the CEO of Adelphia may grant additional bonuses).

31


ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Statistical Information

        The table below provides information on the number of basic customers, digital customers and high speed internet customers as of January 31, 2005 and December 31, 2004.

 
  Filing
Entities

  Brazil
  Century/ML
Cable and
St. Marys

  Rigas
Entities

  Total
January 31, 2005:                    
Basic customers   4,754,772   53,391   226,739   143,076   5,177,978
Digital customers   1,841,345   —   85,248   67,103   1,993,696
High speed internet customers   1,337,079   4,680   77,506   7,394   1,426,659
   
 
 
 
 
Total revenue generating units   7,933,196   58,071   389,493   217,573   8,598,333
   
 
 
 
 
December 31, 2004:                    
Basic customers   4,789,214   52,120   142,484   227,765   5,211,583
Digital customers   1,856,529   —   66,913   85,506   2,008,948
High speed internet customers   1,316,163   4,348   6,514   76,663   1,403,688
   
 
 
 
 
Total revenue generating units   7,961,906   56,468   215,911   389,934   8,624,219
   
 
 
 
 

Note 11. Bankruptcy Court Reporting Schedules

        The Bankruptcy Court reporting schedules included in this report beginning on page 33 are for the period from January 1 through January 31, 2005 and have been prepared for the purpose of filing with the Bankruptcy Court and are not required by GAAP. The accompanying Bankruptcy Court reporting schedules, as with all other information contained herein, have been obtained from the books and records of the Company and are unaudited.

32


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Summary

 

 

 
  For the
Month Ended
January 31, 2005

  Reference
Gross wages paid   $ 44,513,128   Schedule I
Employee payroll taxes withheld     9,889,751   Schedule I
Employer payroll taxes due     5,545,285   Schedule I
Payroll taxes paid*     13,709,183   Schedule II*
Sales and other taxes due     6,901,589   Schedule III
Gross taxable sales     83,949,909   Schedule III
Real estate and personal property taxes paid     1,899,643   Schedule IV
Sales and other taxes paid     6,245,098   Schedule V
Cash disbursements     347,358,652   Schedule VI
Insurance coverage     N/A   Schedule VII

*
The amount reported above for payroll taxes paid is based upon the date paid and not the date due.

33


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule I

 

 

Court Reporting schedules for Payroll and Payroll Taxes
for the Month Ended January 31, 2005

Week Ending Date

  Gross
Wages Paid

  Employee Payroll
Taxes Withheld

  Employer Payroll
Taxes Due

07-Jan-05   $ 21,036,314   $ 4,550,052   $ 2,644,728
21-Jan-05     23,476,814     5,339,699     2,900,557
 
Total

 

$

44,513,128

 

$

9,889,751

 

$

5,545,285

34


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 1 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
INTERNAL REVENUE SERVICE   $ 5,375,257   01/10/2005
STATE OF ALABAMA     3,856   01/10/2005
STATE OF ARIZONA     1,939   01/10/2005
STATE OF CALIFORNIA     151,194   01/10/2005
STATE OF COLORADO     59,604   01/10/2005
STATE OF CONNECTICUT     16,704   01/10/2005
STATE OF GEORGIA     6,674   01/10/2005
STATE OF IDAHO     4,572   01/10/2005
STATE OF INDIANA     848   01/10/2005
STATE OF KANSAS     336   01/10/2005
STATE OF KENTUCKY     17,356   01/10/2005
STATE OF MAINE     22,688   01/10/2005
STATE OF MARYLAND     11,713   01/10/2005
STATE OF MASSACHUSETTS     23,597   01/10/2005
STATE OF NEW YORK     99,542   01/10/2005
STATE OF NORTH CAROLINA     11,658   01/10/2005
STATE OF OHIO     71,179   01/10/2005
STATE OF OKLAHOMA     310   01/10/2005
STATE OF PENNSYLVANIA     83,576   01/10/2005
STATE OF SOUTH CAROLINA     2,878   01/10/2005
STATE OF VERMONT     14,412   01/10/2005
STATE OF VIRGINIA     51,681   01/10/2005
ADAMS COUNTY EIT AGENCY     10   01/17/2005
ALTOONA AREA SCHOOL DISTRICT     846   01/17/2005
ASHLAND FINANCIAL DEPARTMENT     1,405   01/17/2005
BEDFORD COUNTY TAX SERVICE     943   01/17/2005
BERKHEIMER ASSOCIATES     90   01/17/2005
BETHEL PARK BOROUGH     2,182   01/17/2005
BLAIRSVILLE BORO     544   01/17/2005
BOROUGH OF ROCHESTER     80   01/17/2005
BOURBON COUNTY OCCUP     9   01/17/2005
BOYLE COUNTY COURTHOUSE     336   01/17/2005
BREATHITT TAX ADMIN     97   01/17/2005
BROOKLYN CITY INCOME TAX     141   01/17/2005
BRYAN CITY INCOME TAX     2,130   01/17/2005
CATIZ VILLAGE INCOME TAX     79   01/17/2005
CELINA CITY     823   01/17/2005
CENTRAL TAX BURE(A)     74   01/17/2005
CENTRAL TAX BUREAU OF P     141,690   01/17/2005
CITY OF AKRON     761   01/17/2005
CITY OF BEATTYVILLE     108   01/17/2005
CITY OF BEDFORD TAX DEPT     276   01/17/2005
CITY OF BRUNSWICK     1,172   01/17/2005

35


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 2 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
CITY OF CAMBRIDGE   1,409   01/17/2005
CITY OF CARLISLE   39   01/17/2005
CITY OF CINCINNATI   490   01/17/2005
CITY OF CONNEAUT   420   01/17/2005
CITY OF CUYAHOGA FALLS   78   01/17/2005
CITY OF CYNTHIANA   231   01/17/2005
CITY OF DOVER   12   01/17/2005
CITY OF GENEVA   213   01/17/2005
CITY OF HARRODSBURG   777   01/17/2005
CITY OF HEATH   455   01/17/2005
CITY OF IRONTON   668   01/17/2005
CITY OF JEFFERSONSVILLE   51   01/17/2005
CITY OF LEBANON   232   01/17/2005
CITY OF MILLESBURG   19   01/17/2005
CITY OF NEW PHILADELPHIA   2,809   01/17/2005
CITY OF PARIS   520   01/17/2005
CITY OF PORT CLINTON   1,665   01/17/2005
CITY OF PORTSMOUTH   1,535   01/17/2005
CITY OF RICHMOND   15,680   01/17/2005
CITY OF RUSSELL   887   01/17/2005
CITY OF SOLON   472   01/17/2005
CITY OF STANTON   75   01/17/2005
CITY OF STRUTHERS   814   01/17/2005
CITY OF TWINSBURG   369   01/17/2005
CITY OF VAN WERT   514   01/17/2005
CITY OF VANCEBURG   132   01/17/2005
CITY OF VERSAILLES   534   01/17/2005
CITY OF WASHINGTON COURTHOUSE   464   01/17/2005
CITY OF WAVERLY   141   01/17/2005
CITY OF WILMORE   118   01/17/2005
CITY OF ZANESVILLE   118   01/17/2005
CITY TREASURER   10   01/17/2005
CLARION WAGE TAX OFFICE   1,251   01/17/2005
CLAY CITY   84   01/17/2005
CLEARFIELD BORO   123   01/17/2005
COLLECTOR OF TAXES   1,040   01/17/2005
COLLEGE TOWNSHIP TREASURE   10,544   01/17/2005
COLUMBUS CITY INCOME TAX   6,211   01/17/2005
COMM OF TAXATION, VILLAGE OF WHITEHOUSE   109   01/17/2005
COSHOCTON CITY   1,023   01/17/2005
DEFIANCE CITY INCOME TAX   3,398   01/17/2005
DIRECTOR OF FINANCE   326   01/17/2005

36


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 3 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
FLEMINGSBURG OCCUP LICENSE FEE   50   01/17/2005
FRANKLIN COUNTY OCCUPATIONAL TAX COLLECTOR   24   01/17/2005
GARRARD COUNTY FISCAL COURT   308   01/17/2005
GETTYSBURG AREA SD   3,274   01/17/2005
HAB-EIT   489   01/17/2005
HAB-EIT   11,630   01/17/2005
HAB-EIT   3,598   01/17/2005
HAB-EIT   5,305   01/17/2005
HAB-EIT   1,561   01/17/2005
HAB-EIT   1,065   01/17/2005
HAB-EIT   1,259   01/17/2005
HAB-EIT   802   01/17/2005
HAB-EIT   177   01/17/2005
HARRISON COUNTYTAX ADMINISTRAT   1   01/17/2005
HERMITAGE RECEIVER OF TAXES   3,255   01/17/2005
INTERNAL REVENUE SERVICE   18   01/17/2005
JESSAMINE COUNTY   419   01/17/2005
JEWETT VILLAGE INCOME TAX   7   01/17/2005
JORDAN TAX SERVICE INC   50   01/17/2005
LAUREL COUNTY   354   01/17/2005
LAUREL MOUNTAIN TAX COLLECTIONS   10   01/17/2005
LINCOLN CO OCCUPATIONAL LICENSE   59   01/17/2005
LOCK HAVEN   1,261   01/17/2005
LOGAN CITY INCOME TAX   771   01/17/2005
LYKENS BOROUGH   635   01/17/2005
MADISON COUNTY   469   01/17/2005
MAINE REVENUE SERVICE   156   01/17/2005
MARION COUNTY TREASURER   189   01/17/2005
MCLEAN COUNTY LICENSE FEE   86   01/17/2005
MERCER COUNTY FISCAL COURT   235   01/17/2005
MIFFCO TAX SERVICE INC   1,202   01/17/2005
MINERVA VILLAGE INCOME TAX   853   01/17/2005
MONTGOMERY COUNTY   536   01/17/2005
MOREHEAD DIRECTOR OF FIN   336   01/17/2005
NELSON COUNTY TAX ADMIN   199   01/17/2005
NEW YORK STATE DEPARTMENT OF TA   70,073   01/17/2005
NICHOLASVILLE TREASURER   814   01/17/2005
NOCHOLAS COUNTY   10   01/17/2005
NORTHWESTERN SD   154   01/17/2005
NORTHWOOD DEPT OF TAXATION   229   01/17/2005
OCCUPATIONAL TAX ADMINISTRATION   87   01/17/2005
OHIO COUNTY   40   01/17/2005

37


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 4 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
POWELL COUNTY   92   01/17/2005
RECEIVER OF TAXES   6,382   01/17/2005
RICHLAND TOWNSHIP   221   01/17/2005
ROCHESTER BORO SD   80   01/17/2005
ROWAN COUNTY FINANCE   462   01/17/2005
SANDY TOWNSHIP   316   01/17/2005
SOMERSET   1,022   01/17/2005
SPRINGFIELD CITY (A)   72   01/17/2005
STANFORD OCCUPATIONAL TAX   31   01/17/2005
STATE COLLEGE BOROUGH TAX OFFIC   10   01/17/2005
SUSAN ROBERTS   255   01/17/2005
THE CITY OF ERIE   20   01/17/2005
TREASURE CLARK COUNTY COURHOUSE   89   01/17/2005
TREASURER BUTLER COUNTY   33   01/17/2005
TYRONE AREA SCHOOL DISTRICT   142   01/17/2005
UNION COUNTY TAX ADMINISTRATOR   88   01/17/2005
VERMONT DEPARTMENT OF TAXES   1   01/17/2005
VILLAGE OF ABERDEEN   382   01/17/2005
VILLAGE OF CARROLLTON   105   01/17/2005
VILLAGE OF FAYETTE   187   01/17/2005
VILLAGE OF GEORGETOWN   15   01/17/2005
VILLAGE OF GRANVILLE   311   01/17/2005
VILLAGE OF HOPEDALE   7   01/17/2005
VILLAGE OF JEFFERSON   38   01/17/2005
VILLAGE OF JEFFERSONSVILLE   150   01/17/2005
VILLAGE OF LEWELLVILLE   157   01/17/2005
VILLAGE OF MALVERN   13   01/17/2005
VILLAGE OF MANTUA   199   01/17/2005
VILLAGE OF MILLERSBURG   568   01/17/2005
VILLAGE OF MINSTER   502   01/17/2005
VILLAGE OF NEW BOSTON   313   01/17/2005
VILLAGE OF NORTH KINGSVILLE   21   01/17/2005
VILLAGE OF OAK HARBOR   107   01/17/2005
VILLAGE OF RICHFIELD   128   01/17/2005
VILLAGE OF RIO GRANDE   82   01/17/2005
VILLAGE OF SCIO TREASURER   25   01/17/2005
VILLAGE OF SEBRING   255   01/17/2005
VILLAGE OF TONTOGANY   17   01/17/2005
VILLAGE OF WATERVILLE   1,391   01/17/2005
VILLAGE OF WEST UNITY   292   01/17/2005
VIRGINIA   116   01/17/2005

38


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 5 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
WASHINGTON COUNT(A)   85   01/17/2005
WASHINGTON DC—DIV OF FINANCE   57   01/17/2005
WAUSEON INCOME TAX DEPARTMENT   383   01/17/2005
WOLFE COUNTY   104   01/17/2005
WOODFORD COUNTY   49   01/17/2005
CITY OF MIDWAY   110   01/18/2005
DIRECTOR OF FINANCE   971   01/18/2005
HAB-EIT   141   01/18/2005
INTERNAL REVENUE SERVICE   28,537   01/18/2005
BUREAU OF EMPLOYER TAX OPERATIO   57,905   01/19/2005
BUREAU OF EMPLOYMENT PROGRAMS   667   01/19/2005
BUREAU OF EMPLOYMENT SERVICES   15,460   01/19/2005
CASHIER-TEXAS WORKFORCE COMMISS   114   01/19/2005
DEPARTMENT OF ECONOMIC SECURITY   37   01/19/2005
DEPARTMENT OF EMPLOYMENT   1,973   01/19/2005
DEPARTMENT OF EMPLOYMENT SECURI   190   01/19/2005
DEPARTMENT OF HUMAN RESOURCES   12   01/19/2005
DEPARTMENT OF INDUSTRIAL RELATI   307   01/19/2005
DEPARTMENT OF LABOR   3,396   01/19/2005
DEPARTMENT OF LABOR   2,831   01/19/2005
DEPARTMENT OF LABOR   1,866   01/19/2005
DEPARTMENT OF LABOR & EMPLOYMEN   19,935   01/19/2005
DIVISION OF UNEMPLOYMENT INSURA   648   01/19/2005
EMPLOYMENT DEVELOPMENT DEPT   36,092   01/19/2005
EMPLOYMENT RESOURCES DIVISION   1   01/19/2005
EMPLOYMENT SECURITY COMMISSION   2,983   01/19/2005
EMPLOYMENT SECURITY COMMISSION   162   01/19/2005
EMPLOYMENT SECURITY DEPARTMENT   3,078   01/19/2005
HAB-EIT TAX ADMIN   1,237   01/19/2005
MASSACHUSETTS DIVISION OF   9,026   01/19/2005
MONTANA DEPARTMENT OF LABOR   103   01/19/2005
NEW HAMPSHIRE DEPARTMENT OF EMP   1,635   01/19/2005
NYS UNEMPLOYMENT INSURANCE   22,434   01/19/2005
OFFICE OF UNEMPLOYMENT INS   2,502   01/19/2005
PUNXSUTAWNEY BORO   2,344   01/19/2005
STATE OF NEVADA   390   01/19/2005
VERMONT DEPARTMENT OF   2,511   01/19/2005
VIRGINA EMPLOYMENT COMMISSION   5,263   01/19/2005
ASHTABULA INCOME TAX   295   01/24/2005
CASHIER-TEXAS WORKFORCE COMMISS   277   01/24/2005
CENTRAL COLLECTION AGENCY   34,898   01/24/2005
CITY OF CHILLICOTHE   2,125   01/24/2005

39


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 6 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
CITY OF CLEVELAND HEIGHTS   5,045   01/24/2005
CITY OF DANVILLE   277   01/24/2005
CITY OF HUNTINGTON   276   01/24/2005
CITY OF MARION   932   01/24/2005
CITY OF NEWARK   3,157   01/24/2005
CITY OF PITTSBURGH   1,620   01/24/2005
COLUMBUS CITY INCOME TAX   2,516   01/24/2005
DEPARTMENT OF INDUSTRIAL RELATI   19   01/24/2005
DIRECTOR OF FINANCE   194   01/24/2005
INTERNAL REVENUE SERVICE   6,232,160   01/24/2005
LORAIN CITY TAX   1,934   01/24/2005
MISSISSIPPI STATE TAX COMMISSN   2,407   01/24/2005
MONTANA DEPARTMENT OF REVENUE   769   01/24/2005
RITA   10,919   01/24/2005
SCHOOL DISTRICT INCOME TAX   2,249   01/24/2005
STATE OF ARIZONA   2,766   01/24/2005
STATE OF CALIFORNIA   188,030   01/24/2005
STATE OF COLORADO   65,808   01/24/2005
STATE OF CONNECTICUT   5,733   01/24/2005
STATE OF GEORGIA   7,950   01/24/2005
STATE OF IDAHO   4,431   01/24/2005
STATE OF INDIANA   863   01/24/2005
STATE OF KANSAS   350   01/24/2005
STATE OF KENTUCKY   21,153   01/24/2005
STATE OF MAINE   22,373   01/24/2005
STATE OF MARYLAND   14,807   01/24/2005
STATE OF MASSACHUSETTS   27,369   01/24/2005
STATE OF MICHIGAN   205   01/24/2005
STATE OF NEW YORK   116,959   01/24/2005
STATE OF NORTH CAROLINA   14,832   01/24/2005
STATE OF OHIO   92,123   01/24/2005
STATE OF OKLAHOMA   359   01/24/2005
STATE OF PENNSYLVANIA   89,989   01/24/2005
STATE OF SOUTH CAROLINA   3,841   01/24/2005
STATE OF VERMONT   19,234   01/24/2005
STATE OF VIRGINIA   65,683   01/24/2005
STATE OF WISCONSIN   609   01/24/2005
TREASURER CITY OF OWENSBORO   338   01/24/2005
UTAH STATE TAX COMMISSION   264   01/24/2005
VILLAGE OF GREENWOOD   612   01/24/2005
VIRGINIA   42   01/24/2005

40


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule II

 

Page 7 of 7

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended January 31, 2005

Payee

  Payroll Taxes
Paid

  Payment Date
WEST VIRGINIA DEPT OF TAX & REV   16,536   01/24/2005
PA DEPT OF REVENUE   1,186   01/28/2005
INTERNAL REVENUE SERVICE   74   01/29/2005
KENTUCKY REVENUE CABINET   46   01/29/2005
SCHOOL DISTRICT INCOME TAX   22   01/29/2005
INTERNAL REVENUE SERVICE   28,555   01/31/2005
STATE OF NEVADA   256   01/31/2005

TOTAL

 

13,709,183

 

 

41


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 1 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

 
ALABAMA DEPT. OF REVENUE   $ 215   $ 3,589  
ARIZONA DEPARTMENT OF REVENUE     15     1,139  
ARUSF ADMINISTRATION, NECA SERVICES     12     4,237  
ASHLAND INDEPENDENT BOARD OF EDUCATION     10,656     355,215  
BANK OF AMERICA     305     21,784  
BATH COUNTY SCHOOL DISTRICT     1,197     39,894  
BEREA COUNTY SCHOOL DISTRICT     2,419     80,630  
BOARD OF EQUALIZATION     148     A  
BOARD OF EQUALIZATION     (67 )   (870 )
BOARD OF EQUALIZATION     (38 )   (413 )
BOURBON COUNTY SCHOOL DISTRICT     568     18,942  
BOYD COUNTY SCHOOL DISTRICT     3,277     109,218  
BOYLE COUNTY SCHOOL DISTRICT     1,542     51,413  
BREATHITT COUNTY SCHOOL DISTRICT     1,048     34,921  
BRECKINRIDGE COUNTY BOARD OF EDUCATION     655     21,825  
BURGIN INDEPENDENT BOARD OF EDUCATION     318     10,615  
BUTLER COUNTY SCHOOL DISTRICT     58     1,935  
CA TELECONNECT FUND     35     —  
CARTER COUNTY SCHOOL DISTRICT     1,639     54,638  
CCHCF-A     37     —  
CHCF-B     529     —  
CITY O F MONTEREY     —     14  
CITY OF ALAHAMBRA     1     17  
CITY OF ALBION     335     6,697  
CITY OF ALGOURA HILLS     14     280  
CITY OF ARCADIA     10     206  
CITY OF ASOTIN     —     3  
CITY OF BALDWIN PARK     5,809     193,638  
CITY OF BALDWIN PARK     6     187  
CITY OF BEAUMONT     3,902     130,056  
CITY OF BELLEVUE     1     11  
CITY OF BOTHELL     3     50  
CITY OF BRAWLEY     8,114     202,839  
CITY OF BRAWLEY     3     82  
CITY OF BURBANK     4     55  
CITY OF CHARLOTTESVILLE     52,029     520,292  
CITY OF CLAREMONT     22     406  
CITY OF COLFAX     2     33  
CITY OF COLORADO SPRINGS     137     5,484  

42


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 2 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CITY OF COLTON   5   137
CITY OF CULVER CITY   11   98
CITY OF DESERT HOT SPRINGS   4   86
CITY OF EL MONTE   2   31
CITY OF ELK GROVE   1   51
CITY OF ENGLEWOOD   65   1,862
CITY OF FONTANA   162   3,248
CITY OF FONTANA   —   5
CITY OF GARDENA   —   5
CITY OF GLENDALE   2   22
CITY OF GUNNISON   2   72
CITY OF HAWTHORNE   1   20
CITY OF HERMOSA BEACH   21,141   352,353
CITY OF HOLTVILLE   1,981   39,612
CITY OF HOLTVILLE   2   39
CITY OF HUNTINGTON BEACH   —   9
CITY OF INDIO   —   3
CITY OF INGLEWOOD   3   29
CITY OF IRVINE   —   4
CITY OF KALAMA   3   57
CITY OF KELSO   6,164   102,734
CITY OF KIRKLAND   1   21
CITY OF LA HABRA   26,682   444,699
CITY OF LA HABRA   30   498
CITY OF LA VERNE   —   5
CITY OF LAKEWOOD   —   —
CITY OF LEAVENWORTH   —   2
CITY OF LONG BEACH   4   72
CITY OF LONGVIEW   64   1,069
CITY OF LONGVIEW   20,746   345,769
CITY OF LOS ANGELES   548   5,479
CITY OF MAMMOTH LAKE   —   —
CITY OF MORENO VALLEY   68,853   1,147,554
CITY OF MORENO VALLEY   31   523
CITY OF NORWALK   3   60
CITY OF OAKLAND   —   1
CITY OF OLYMPIA   1   11
CITY OF PALM SPRINGS   —   6
CITY OF PALOUSE   1   25
CITY OF PALOUSE   529   7,560

43


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 3 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CITY OF PASADENA   5   64
CITY OF PETERSBURG   19,579   97,893
CITY OF PICO RIVERA   14,317   286,342
CITY OF PICO RIVERA   8   156
CITY OF PLACENTIA   15,930   455,144
CITY OF PLACENTIA   7   190
CITY OF POMEROY   —   4
CITY OF PORT HUENEME   10,589   264,713
CITY OF PORT HUENEME   3   87
CITY OF PORTERVILLE   —   2
CITY OF PULLMAN   14   181
CITY OF REDONDO BEACH   45,467   957,207
CITY OF REDONDO BEACH   53   1,115
CITY OF RIALTO   43,577   544,708
CITY OF RIALTO   18   224
CITY OF RIVERSIDE   1   20
CITY OF SALINAS   —   4
CITY OF SAN BERNARDINO   63,881   805,559
CITY OF SAN BERNARDINO   9   109
CITY OF SAN BUENAVENTURA   35,169   703,383
CITY OF SAN FRANCISCO   —   —
CITY OF SAN GABRIEL   —   8
CITY OF SAN LUIS OBISPO   —   —
CITY OF SANTA ANA   13   216
CITY OF SANTA BARBARA   1   9
CITY OF SANTA CRUZ   3   43
CITY OF SANTA MONICA   169,672   1,696,719
CITY OF SANTA MONICA   134   1,335
CITY OF SEAL BEACH   20   179
CITY OF SEATTLE   —   —
CITY OF SHORELINE   1   10
CITY OF SIERRA MADRE   4   63
CITY OF SPOKANE   3   51
CITY OF STANWOOD   —   1
CITY OF TACOMA   —   1
CITY OF TORRANCE   1   17
CITY OF VANCOUVER   1   17
CITY OF VENTURA   12   236
CITY OF WAYNESBORO   27,236   272,360
CITY OF WENATCHEE   1   14

44


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 4 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CITY OF WESTMINISTER   —   —
CITY OF WHITTIER   6   120
CITY OF WINCHESTER   15,310   153,104
CITY OF WOODLAND   3   50
CITY OF ZILLAH   —   1
CLOVERPORT INDEPENDENT SCHOOL DISTRICT   241   8,038
COLORADO DEPT. OF REVENUE   953   33,891
COLORADO DEPT. OF REVENUE   2,862   80,052
COMMISSIONER OF REVENUE SERVICES   292,790   5,576,961
COMMISSIONER OF REVENUE SERVICES   352,793   5,879,884
COMMONWEALTH OF MASSACHUSETTS   7,779   155,587
COMPTROLLER OF MARYLAND   392   7,842
COMPTROLLER OF MARYLAND   15,696   313,887
COMPTROLLER OF PUBLIC ACCOUNTS   1   333
COUNTY OF LOS ANGELES   157   3,130
COUNTY OF MONTGOMERY   8,276   82,755
DANVILLE INDEPENDENT SCHOOL DISTRICT   4,557   151,895
DAVIESS COUNTY BOARD OF EDUCATION   15,961   532,023
DAVIESS COUNTY SCHOOL DISTRICT   226   7,529
DES MOINES   1   20
ELLIOT COUNTY SCHOOL DISTRICT   226   7,519
FLORIDA DEPARTMENT OF REVENUE   3,460,773   24,803,038
FLORIDA DEPARTMENT OF REVENUE   191,435   3,046,321
FRANKLIN COUNTY SCHOOL DISTRICT   104   3,458
GARRAD COUNTY SCHOOL DISTRICT   950   31,660
GEORGIA DEPARTMENT OF REVENUE   16,361   250,693
HANCOCK COUNTY BOARD OF EDUCATION   727   24,228
HARLAN COUNTY SCHOOL DISTRICT   244   8,117
HARRISON COUNTY SCHOOL DISTRICT   2,583   86,107
HARRODSBURG INDEPENDENT BOARD OF EDUCATION   2,624   87,454
HENDERSON COUNTY BOARD OF EDUCATION   2,286   76,198
ID USF   21   —
IDAHO STATE TAX COMMISSION   5,119   80,103
INDIANA DEPARTMENT OF REVENUE   29,044   484,055
INTERNAL REVENUE SERVICE   39,075   1,302,534
JACKSON INDEPENDENT SCHOOLS   494   16,472
JESSAMINE COUNTY BOARD OF EDUCATION   7,519   250,627
KANSAS DEPT. OF REVENUE   16,774   222,487
KENTUCKY REVENUE CABINET   2,228   37,138
LAUREL COUNTY SCHOOL DISTRICT   6,445   214,846

45


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 5 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

LEE COUNTY SCHOOL DISTRICT   1,017   33,898
LESLIE COUNTY SCHOOL DISTRICT   988   32,942
LETCHER COUNTY BOARD OF EDUCATION   766   25,535
LEWIS COUNTY BOARD OF EDUCATION   883   35,327
LEWIS COUNTY SCHOOL DISTRICT   287   11,461
LINCOLN COUNTY BOARD OF EDUCATION   1,263   42,101
LOGAN COUNTY SCHOOL DISTRICT   30   1,007
MADISON COUNTY SCHOOL DISTRICT   18,720   623,985
MAINE REVENUE SERVICES   5,858   117,195
MAINE REVENUE SERVICES   266,119   5,322,379
MARION COUNTY BOARD OF EDUCATION   2,768   92,256
MCLEAN COUNTY SCHOOL DISTRICT   712   23,740
MENIFEE COUNTY SCHOOL DISTRICT   428   14,275
MERCER COUNTY SCHOOL DISTRICT   1,745   58,176
MINNESOTA DEPARTMENT OF REVENUE   —   182
MISSISSIPPI STATE TAX COMMISSION   39,583   565,477
MISSISSIPPI STATE TAX COMMISSION   1,588   22,691
MONTANA DEPT. OF REVENUE   10   261
MORGAN COUNTY SCHOOL DISTRICT   1,017   33,885
NC DEPARTMENT OF REVENUE   17,996   233,901
NECA VUSF   240   18,900
NELSON COUNTY BOARD OF EDUCATION   1,329   44,312
NICHOLAS COUNTY SCHOOL DISTRICT   666   22,215
NJ DIVISION OF TAXATION   529   8,817
NYS ESTIMATED CORPORATION TAX   272   72,552
NYS ESTIMATED CORPORATION TAX   2,732   109,268
NYS SALES TAX PROCESSING   14,344   237,308
OHIO COUNTY SCHOOL DISTRICT   19   643
OKLAHOMA TAX COMMISSION   489   16,792
OWENSBORO BOARD OF EDUCATION   11,018   367,261
OWSLEY COUNTY BOARD OF EDUCATION   370   12,330
PA DEPARTMENT OF REVENUE   214,859   3,911,654
PA DEPT. OF REVENUE   4,792   95,801
PARIS INDEPENDENT SCHOOL DISTRICT   2,910   96,983
PERRY COUNTY SCHOOL DISTRICT   251   8,369
POWELL COUNTY SCHOOL DISTRICT   1,828   60,947
PSU   452   —
PUC/OREGON UNIVERSAL SERVICE FUND   7   126
ROCKCASTLE COUNTY SCHOOL DISTRICT   899   29,971
RUSSELL INDEPENDENT SCHOOL DISTRICT   6,376   212,529

46


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule III

 

Page 6 of 6

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

SCOTT COUNTY SCHOOL DISTRICT     7,681     256,022
SOUTH CAROLINA DEPT. OF REVENUE     63,360     787,246
STATE OF MICHIGAN     86     1,439
STATE OF NEW HAMPSHIRE     1,428     20,395
STATE OF NEW HAMPSHIRE     100,968     1,442,422
STATE TAX DEPARTMENT     297,352     4,955,866
TN DEPARTMENT OF REVENUE     61,624     683,701
TOWN OF BLACKSBURG     14,880     148,805
TOWN OF MT CRESTED BUTTE     1,614     35,861
TOWN OF SOUTH BOSTON     4,386     43,859
TREASURER STATE OF OHIO     156,949     2,090,758
UNION COUNTY SCHOOL DISTRICT     2,753     91,762
VERMONT DEPARTMENT OF TAXES     345,607     5,760,138
VERMONT DEPARTMENT OF TAXES     1,139     18,978
VIRGINIA DEPARTMENT OF TAXATION     13,912     278,166
WASHINGTON COUNTY BOARD OF EDUCATION     891     29,702
WASHINGTON DEPT. OF REVENUE     3,934     53,462
WEBSTER COUNTY BOARD OF EDUCATION     658     21,946
WISCONSIN DEPARTMENT OF REVENUE     —     187
WOLFE COUNTY SCHOOL DISTRICT     563     18,753
WOODFORD COUNTY BOARD OF EDUCATION     4,800     160,016
WYOMING DEPARTMENT OF REVENUE     77     1,539
   
 

 

 

$

6,901,589

 

$

83,949,909
   
 

Note (A): The 911 surcharge is based upon the number of phone lines and not as a function of gross taxable sales.

47


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule IV

 

Page 1 of 5

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended January 31, 2005

Payee

  Amount Paid
  Check Date
200 MINUTEMAN LIMITED   $ 7,467   01/18/05
ALBEMARLE COUNTY     325   01/21/05
ALCORN COUNTY     4,380   01/14/05
ALLEGANY COUNTY TREASURER     42,732   01/13/05
ALLEGANY COUNTY TREASURER     17,227   01/14/05
ANDERSON COUNTY     13,051   01/26/05
ASHTABULA COUNTY COURTHOUSE     2,978   01/01/05
AURORA TOWN HALL     4,253   01/28/05
BAILEY TOWN     679   01/26/05
BLACKBURN CENTER, LLC     433   01/26/05
BOROUGH OF COUDERSPORT     52,142   01/24/05
BRECKENRIDGE COUNTY SHERIFF     2,100   01/01/05
BUCKINGHAM COUNTY     2,232   01/24/05
CAL & JOANNE FAMILY LTD PRTNRSP     1,049   01/01/05
CAL & JOANNE FAMILY LTD PRTNRSP     200   01/21/05
CAMBRIA TOWN COLLECTOR     617   01/12/05
CARTER COUNTY SHERIFF     4,808   01/12/05
CATTARAUGUS COUNTY TREASURER     50,950   01/12/05
CAYUGA COUNTY TREASURER     4,839   01/13/05
CHAUTAUQUA COUNTY     12   01/28/05
CHENANGO COUNTY     6,519   01/06/05
CITY OF FLEMINGSBURG TREASURER     714   01/06/05
CITY OF LOCKPORT     22,212   01/06/05
CITY OF LONDON     1,714   01/21/05
CITY OF LYNCHBURG     425   01/01/05
CITY OF NORTH ADAMS     14,981   01/06/05
CITY OF NORWICH COLLECTOR     2,024   01/06/05
CITY OF OLEAN     5,951   01/06/05
CITY OF OLEAN     7,538   01/12/05
CITY OF OWINGSVILLE     606   01/26/05
CITY OF PARIS     1,275   01/21/05
CITY OF SALT LICK     913   01/01/05
CITY OF UTICA NY     10,850   01/06/05
CITY OF VANCEBURG     224   01/06/05
CITY TREASURER OF DUNKIRK     9,491   01/13/05
CITY TREASURER OF TONAWANDA     913   01/28/05
CLERMONT COUNTY TREASURE     9,120   01/24/05
COLUMBIA FALLS TOWN     154   01/14/05
CONEWANGO TOWN TA     247   01/06/05
CORYDON CITY     749   01/26/05

48


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule IV

 

Page 2 of 5

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended January 31, 2005

Payee

  Amount Paid
  Check Date
COTTAGE ROAD ASSOC   5,445   01/27/05
COUDERSPORT SCHOOL   168,446   01/24/05
COUNTY OF PULASKI   5,938   01/14/05
CUYAHOGA COUNTY   178,369   01/01/05
DARLINGTON COUNTY   56,408   01/01/05
DAVIESS COUNTY   87,902   01/12/05
DILLON COUNTY TREASURER   227   01/01/05
DILLON COUNTY TREASURER   35,366   01/12/05
DILLON COUNTY TREASURER   276   01/21/05
DORIS LAWTON   936   01/14/05
DORIS LAWTON   170   01/28/05
EAGLE COUNTY TREASURER   —   01/13/05
EASTLAKE COMMERCIAL   61   01/21/05
EL PASO COUNTY TREASURER   1,993   01/24/05
ESSEX COUNTY   5,465   01/13/05
ESSEX TOWN TAX COLLECTOR   683   01/21/05
EUCLID CORRIDOR INDUSTRIAL MALL   1,074   01/26/05
FORESTPORT TOWN COLLECTOR   250   01/06/05
FRANKLIN COUNTY TREASURER   28,066   01/13/05
FRANKLIN COUNTY TREASURER   884   01/14/05
FULTON COUNTY   1,618   01/06/05
GE CAPITAL FLEET SERVICES   4,548   01/10/05
GECFS BY APEX AS AGENT   18,146   01/10/05
GLOUCESTER CITY   6,630   01/12/05
GRANVILLE TOWN TAX   435   01/06/05
GRENADA COUNTY   70   01/14/05
GROSS & JARSON REALTY CO   2,820   01/11/05
HAMILTON COUNTY TREASURER   70   01/06/05
HANCOCK COUNTY   1,521   01/01/05
HARBORCREEK TOWNSHIP   1,597   01/26/05
HARRISON COUNTY TREASURER   9,347   01/24/05
HARRISONBURG CITY   228   01/06/05
HAWESVILLE CITY SHERIFF   644   01/01/05
HENDRY COUNTY   15,539   01/21/05
HERKIMER COUNTY TREASURER   10,795   01/06/05
HOCKING COUNTY TREASURER   320   01/21/05
I-15 SOUTH AUTO CENTER DR LLC   16,975   01/20/05
INDIANOLA CITY   17,540   01/01/05
IOS CAPITAL   270   01/01/05
IREDELL COUNTY TAX COLLECTOR   361   01/24/05
J.J.D. ASSOCIATES OF   6,511   01/04/05
JAMES BRADY   1,197   01/18/05

49


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule IV

 

Page 3 of 5

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended January 31, 2005

Payee

  Amount Paid
  Check Date
KIR TEMECULA L.P.   105   01/25/05
LACKAWANNA CITY TREASURER   14,297   01/06/05
LARRY SCHREDER   991   01/18/05
LAUREL COUNTY SHERIFF   19,331   01/21/05
LEE COUNTY   455   01/14/05
LEIGH REALTY OF FLORIDA, INC.   668   01/24/05
LEVY COUNTY TAX COLLECTOR   —   01/21/05
LEVY COUNTY TAX COLLECTOR   31,802   01/28/05
LEVY COUNTY TAX COLLECTOR   35,152   01/31/05
LICKING COUNTY TREASURER   2,815   01/24/05
LINCOLN COUNTY FISCAL COURT   2,722   01/06/05
LORAIN COUNTY TREASURER   11,097   01/21/05
LOS ANGELES COUNTY   117,025   01/27/05
LURAY TOWN   9   01/21/05
MADISON COUNTY   59,215   01/06/05
MANCHESTER-BY-THE-SEA   2,687   01/06/05
MARION COUNTY OH   669   01/12/05
MONTGOMERY COUNT   19,656   01/06/05
MONTGOMERY COUNTY   14,858   01/01/05
NEOPOST LEASING   159   01/07/05
NIAGARA COUNTY TREASURER   11,070   01/13/05
NIAGARA COUNTY TREASURER   39,847   01/14/05
NIAGARA FALLS CITY   45,417   01/12/05
NICHOLASVILLE CITY   3,156   01/06/05
ONEIDA COUNTY COMMISSIONER   72,925   01/12/05
ONTARIO COUNTY TREASURER   3,604   01/06/05
ORANGE COUNTY   16,986   01/21/05
ORCHARD PARK TAX COLLECTOR   1,288   01/28/05
PASQUOTANK COUNTY TAX COLLECTOR   24   01/21/05
PEMBROKE TOWN TRESURER   8,827   01/06/05
PIKE COUNTY COURTHOUSE   255   01/21/05
PITNEY BOWES   5   01/07/05
PITNEY BOWES   56   01/14/05
PITNEY BOWES   31   01/21/05
PONTOTOC CITY TREASURER   5,475   01/21/05
POTTER COUNTY   41,912   01/24/05
PRATTSBURGH TOWN   4,113   01/06/05
PULTENEY TOWN   2,665   01/06/05
QUEENSBURY TOWN TREASURER   422   01/13/05
RENSSELAER COUNTY BUREAU OF FIN   3,500   01/13/05
RICHMOND CITY   4,640   01/06/05
RITE AID CORORATION   252   01/21/05

50


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule IV

 

Page 4 of 5

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended January 31, 2005

Payee

  Amount Paid
  Check Date
ROANOKE COUNTY TREASURER   6   01/21/05
ROCKBRIDGE COUNTY   338   01/06/05
ROWAN COUNTY SHERIFF   10,359   01/06/05
SALISBURY TOWN MA   992   01/21/05
SARATOGA COUNTY TREASURER   4,199   01/26/05
SCHUYLER COUNTY   601   01/12/05
SCIOTO COUNTY   6,795   01/12/05
SCOTT COUNTY SHERIFF TREASURER   14,087   01/01/05
SHELBY TOWN HALL   217   01/06/05
SHERIFF OF LESLIE CO   3,872   01/06/05
SHERIFF OF MASON COUNTY   1,025   01/06/05
SPOTSYLVANIA COUNTY   67   01/12/05
SPRINGFIELD REALTY CORPORATION   447   01/18/05
STERIK SANTA ANA, LP   342   01/19/05
SUNFLOWER COUNTY   12,725   01/14/05
SUPERIOR LEASING INC   253   01/27/05
TALLAHATCHIE CO TAX COLLECTOR   121   01/14/05
THE CITY OF JACKSON TREASURER   754   01/28/05
THE LESTER GROUP INC   454   01/21/05
THE ONONDAGE COUNTY CHEIF   3,814   01/12/05
TIME WARNER CABLE TREASURER   2,423   01/17/05
TOWN OF ABINGTON TREASURER   6,298   01/06/05
TOWN OF AMESBURY   5,340   01/21/05
TOWN OF AMESBURY   22,277   01/24/05
TOWN OF BOURNE   5,223   01/13/05
TOWN OF CAMPTON   1,126   01/12/05
TOWN OF DUNKIRK COLLECTOR   1,061   01/14/05
TOWN OF DUXBURY   8,340   01/06/05
TOWN OF EDGARTOWN   230   01/21/05
TOWN OF ELLICOTTVILLE   21   01/12/05
TOWN OF HERMON   9,962   01/01/05
TOWN OF KINGSTON   4,172   01/06/05
TOWN OF MANCHESTER   1,320   01/01/05
TOWN OF MERRIMAC   1,727   01/06/05
TOWN OF OAK BLUFFS   578   01/12/05
TOWN OF PLYMOUTH   18,619   01/06/05
TOWN OF PLYMOUTH   4,831   01/11/05
TOWN OF PLYMOUTH   293   01/21/05
TOWN OF POMFRET   854   01/21/05
TOWN OF ROCKLAND   647   01/13/05
TOWN OF SANDWICH   18,040   01/06/05
TOWN OF SHERIDAN   1,166   01/24/05

51


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule IV

 

Page 5 of 5

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended January 31, 2005

Payee

  Amount Paid
  Check Date
TOWN OF SOUTH HILL   62   01/06/05
TOWN OF ST FRANCIS   1,788   01/21/05
TOWN OF TISBURY   2,588   01/06/05
TOWN OF TONAWANDA   220   01/28/05
TSC, LC   435   01/19/05
URBANA TOWN   12,810   01/06/05
VENTURA COUNTY TAX COLLECTOR   210   01/12/05
WARREN COUNTY NY TREASURER   28,010   01/06/05
WASHINGTON COUNTY TREASURER   27,446   01/06/05
WASHINGTON COUNTY TREASURER   1,389   01/13/05
WAYNE TOWN   7,157   01/06/05
WHEELER TOWN & COUNTY TAX   3,234   01/06/05
WISE TOWN TAX COLLECTOR   331   01/26/05
WYOMING COUNTY NY   3,081   01/06/05
YATES COUNTY TREASURER   30,448   01/12/05

TOTAL

 

1,899,643

 

 

52


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 1 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
ALABAMA DEPARTMENT OF REVENUE   Gross Receipts Tax   $ 233   01/12/05
ARIZONA DEPARTMENT OF REVENUE   Sales Tax     18   01/12/05
ASHLAND INDEPENDENT BOARD OF   Utility Tax     11,462   01/13/05
BATH COUNTY SCHOOL D   Utility Tax     1,215   01/13/05
BEREA INDEPENDENT SCHOOL DIST   Utility Tax     2,440   01/13/05
BOARD OF EQUALIZATION   Sales Tax     228   01/20/05
BOARD OF EQUALIZATION   Gross Receipts Tax     153   01/28/05
BOARD OF EQUALIZATION   Sales Tax     78   01/31/05
BOURBON COUNTY SCHOOL   Utility Tax     569   01/13/05
BOYD COUNTY SCHOOL D   Utility Tax     3,550   01/13/05
BOYD COUNTY SCHOOL D   Gross Receipts Tax     13   01/18/05
BOYLE COUNTY SCHOOL DISTRICT   Utility Tax     1,551   01/13/05
BREATHITT COUNTY SCH   Utility Tax     1,068   01/13/05
BRECKINRIDGE COUNTY BOARD OF   Utility Tax     686   01/13/05
BUREAU OF TAXATION   Sales Tax     238   01/13/05
BURGIN EDUCATION BO   Utility Tax     327   01/13/05
BUTLER COUNTY SCHOOL DISTRICT   Utility Tax     53   01/13/05
CALIFORNIA HIGH COST FUND—A   Gross Receipts Tax     37   01/07/05
CALIFORNIA HIGH COST FUND-B   Sales Tax     514   01/07/05
CALIFORNIA TELECONNECT FUND   Sales Tax     34   01/07/05
CARTER COUNTY SCHOOL   Utility Tax     1,646   01/13/05
CASTLE ROCK TOWN TREASURER   Sales Tax     2   01/12/05
CITY OF AHLAMBRA   Gross Receipts Tax     2   01/19/05
CITY OF ARCADIA   Gross Receipts Tax     9   01/19/05
CITY OF BALDWIN PARK   Utility Tax     5,342   01/07/05
CITY OF BALDWIN PARK   Gross Receipts Tax     5   01/19/05
CITY OF BEAUMONT   Utility Tax     2,721   01/07/05
CITY OF BRAWLEY   Utility Tax     8,086   01/07/05
CITY OF BRAWLEY   Gross Receipts Tax     11   01/19/05
CITY OF BURBANK   Gross Receipts Tax     53   01/19/05
CITY OF CHARLOTTSVILLE   Utility Tax     52,779   01/13/05
CITY OF COLORADO SPRINGS   Sales Tax     151   01/11/05
CITY OF CULVER CITY   Gross Receipts Tax     8   01/19/05
CITY OF DESERT HOT SPRINGS   Gross Receipts Tax     4   01/19/05
CITY OF DOWNEY   Gross Receipts Tax     3   01/19/05
CITY OF EL MONTE   Gross Receipts Tax     6   01/19/05
CITY OF FONTANA   Utility Tax     1,891   01/07/05
CITY OF GARDENA   Gross Receipts Tax     3   01/19/05
CITY OF GLENDALE   Gross Receipts Tax     3   01/19/05
CITY OF GUNNISON   Sales Tax     40   01/12/05
CITY OF HERMOSA BEACH   Utility Tax     20,919   01/07/05
CITY OF HOLTVILLE   Utility Tax     1,901   01/07/05

53


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 2 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
CITY OF HOLTVILLE   Gross Receipts Tax   4   01/19/05
CITY OF HUNTINGTON BEACH   Gross Receipts Tax   5   01/19/05
CITY OF INDIO   Gross Receipts Tax   4   01/19/05
CITY OF INGLEWOOD   Gross Receipts Tax   5   01/19/05
CITY OF KALAMA   Gross Receipts Tax   13   01/18/05
CITY OF KELSO   Utility Tax   18,755   01/24/05
CITY OF LA HABRA   Utility Tax   27,005   01/10/05
CITY OF LA HABRA   Gross Receipts Tax   29   01/19/05
CITY OF LONG BEACH   Gross Receipts Tax   3   01/19/05
CITY OF LONGVIEW   Gross Receipts Tax   190   01/18/05
CITY OF LONGVIEW   Utility Tax   63,468   01/25/05
CITY OF LOS ANGELES   Gross Receipts Tax   616   01/19/05
CITY OF MORENO VALLEY   Utility Tax   60,033   01/10/05
CITY OF MORENO VALLEY   Gross Receipts Tax   27   01/19/05
CITY OF NORWALK   Gross Receipts Tax   6   01/19/05
CITY OF OAKLAND   Gross Receipts Tax   5   01/19/05
CITY OF OLYMPIA   Gross Receipts Tax   20   01/18/05
CITY OF PALOUSE   Gross Receipts Tax   20   01/18/05
CITY OF PALOUSE   Utility Tax   1,575   01/24/05
CITY OF PASADENA   Gross Receipts Tax   11   01/19/05
CITY OF PICO RIVERA   Utility Tax   11,510   01/07/05
CITY OF PICO RIVERA   Gross Receipts Tax   6   01/19/05
CITY OF PLACENTIA   Utility Tax   15,878   01/07/05
CITY OF PLACENTIA   Gross Receipts Tax   7   01/19/05
CITY OF PORT HUENEME   Utility Tax   10,337   01/07/05
CITY OF PORT HUENEME   Gross Receipts Tax   7   01/19/05
CITY OF PULLMAN   Gross Receipts Tax   18   01/18/05
CITY OF REDONDO BEACH   Gross Receipts Tax   69   01/19/05
CITY OF REDONDO BEACH CA   Utility Tax   45,022   01/10/05
CITY OF RIALTO   Utility Tax   585   01/07/05
CITY OF RIALTO   Utility Tax   38,847   01/10/05
CITY OF RIVERSIDE   Gross Receipts Tax   6   01/19/05
CITY OF SALINAS   Gross Receipts Tax   5   01/19/05
CITY OF SAN BERNARDINO   Utility Tax   1,220   01/07/05
CITY OF SAN BERNARDINO   Utility Tax   64,899   01/10/05
CITY OF SAN BERNARDINO   Gross Receipts Tax   10   01/19/05
CITY OF SAN BUENAVENTURA   Utility Tax   34,619   01/10/05
CITY OF SAN JOSE   Gross Receipts Tax   3   01/19/05
CITY OF SANTA ANA   Gross Receipts Tax   13   01/19/05
CITY OF SANTA BARBARA   Gross Receipts Tax   4   01/19/05
CITY OF SANTA MONICA   Utility Tax   352   01/07/05
CITY OF SANTA MONICA   Utility Tax   146,039   01/10/05
CITY OF SANTA MONICA   Gross Receipts Tax   153   01/19/05

54


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 3 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
CITY OF SANTA ROSA   Gross Receipts Tax   2   01/19/05
CITY OF SEAL BEACH   Gross Receipts Tax   21   01/19/05
CITY OF SEATTLE   Gross Receipts Tax   3   01/18/05
CITY OF SIERRA MADRE   Gross Receipts Tax   7   01/19/05
CITY OF SPOKANE   Gross Receipts Tax   23   01/18/05
CITY OF TORRANCE   Gross Receipts Tax   5   01/19/05
CITY OF VANCOUVER   Gross Receipts Tax   9   01/18/05
CITY OF VENTURA   Gross Receipts Tax   9   01/19/05
CITY OF WAYNESBORO   Utility Tax   27,332   01/13/05
CITY OF WHITTIER   Gross Receipts Tax   6   01/19/05
CITY OF WINCHESTER   Utility Tax   15,476   01/13/05
CITY OF WOODLAND   Gross Receipts Tax   14   01/18/05
CLOVERPORT BOARD OF EDUCATION   Utility Tax   245   01/13/05
COLORADO DEPARTMENT OF REVENUE   Sales Tax   6   01/11/05
COLORADO DEPARTMENT OF REVENUE   Sales Tax   631   01/12/05
COLORADO DEPARTMENT OF REVENUE   Sales Tax   2,877   01/20/05
COMPTROLLER OF MARYLAND   Sales Tax   1,650   01/12/05
COMPTROLLER OF MARYLAND   Sales Tax   15,395   01/20/05
CONNECTICUT DEPT OF REVENUE   Sales Tax   356,085   01/31/05
COUNTY OF MONTGOMERY   Utility Tax   8,383   01/13/05
CPUC   Gross Receipts Tax   323   01/12/05
D.C. TREASURER   Sales Tax   3   01/18/05
DANVILLE INDEPENDENT SCHOOL DIS   Utility Tax   4,645   01/13/05
DAVIESS CO BOARD OF EDUCATION   Utility Tax   16,288   01/13/05
DAVIESS CO BOARD OF EDUCATION   Gross Receipts Tax   12   01/18/05
DEAF TRUST   Sales Tax   67   01/07/05
DEPT OF REVENUE   Sales Tax   236   01/18/05
ELLIOTT COUNTY SCHOO   Utility Tax   226   01/13/05
ENGLEWOOD CITY TREASURER   Sales Tax   216   01/12/05
FLORIDA DEPT OF REVENUE   Gross Receipts Tax   44,902   01/20/05
FLORIDA DEPT OF REVENUE   Sales Tax   117,661   01/20/05
FLORIDA DEPT OF REVENUE   Telecommunications Tax   3,334,455   01/20/05
FRANKLIN COUNTY SCHOOL DISTRICT   Utility Tax   101   01/13/05
GARRARD COUNTY SCHOOL DISTRICT   Utility Tax   964   01/13/05
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   104   01/14/05
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   17,197   01/20/05
HANCOCK COUNTY BOARD OF   Utility Tax   753   01/13/05
HARLAN COUNTY SCHOOL   Utility Tax   236   01/13/05
HARRISON COUNTY SCHOOL DISTRICT   Utility Tax   2,587   01/13/05
HARRODSBURG BOARD OF EDUCATION   Utility Tax   2,646   01/13/05
HENDERSON CO BOARD OF EDUCATION   Utility Tax   2,299   01/13/05
IDAHO STATE TAX COMMISSION   Sales Tax   7,828   01/11/05

55


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 4 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
IDAHO UNIVERSAL SERV   Gross Receipts Tax   26   01/17/05
ILLINOIS DEPARTMENT OF REVENUE   Gross Receipts Tax   2   01/12/05
ILLINOIS DEPARTMENT OF REVENUE   Gross Receipts Tax   139   01/19/05
INDIANA DEPT OF REVENUE   Sales Tax   1,822   01/11/05
INDIANA DEPT OF REVENUE   Sales Tax   114   01/12/05
INDIANA DEPT OF REVENUE   Sales Tax   27,257   01/20/05
INTERNAL REVENUE SERVICE   Federal Excise Tax   38,785   01/10/05
JACKSON INDEPENDENT SCHOOLS   Utility Tax   497   01/13/05
JESSAMINE COUNTY BOARD OF EDUCA   Utility Tax   7,615   01/13/05
KANSAS DEPT OF REVENUE   Sales Tax   35   01/20/05
KANSAS DEPT OF REVENUE   Sales Tax   17,025   01/25/05
KENTUCKY REVENUE CABINET   Sales Tax   2,265   01/20/05
KENTUCKY STATE TREASURER   Sales Tax   —   01/14/05
LAUREL COUNTY SCHOOL   Utility Tax   11,565   01/13/05
LEE COUNTY SCHOOL DI   Utility Tax   1,042   01/13/05
LESLIE COUNTY SCHOOL   Utility Tax   1,005   01/13/05
LETCHER COUNTY BOARD OF EDUCATI   Utility Tax   771   01/13/05
LEWIS COUNTY BOARD OF   Utility Tax   916   01/13/05
LEWIS COUNTY SCHOOL   Utility Tax   297   01/13/05
LINCOLN COUNTY BOARD OF EDUCATI   Utility Tax   1,274   01/13/05
LOGAN COUNTY SCHOOL DISTRICT   Utility Tax   31   01/13/05
MADISON COUNTY SCHOOL DISTRICT   Utility Tax   18,690   01/13/05
MADISON COUNTY SCHOOL DISTRICT   Gross Receipts Tax   23   01/18/05
MAINE REVENUE SERVICES   Sales Tax   5,813   01/14/05
MARION COUNTY SCHOOL   Utility Tax   2,707   01/13/05
MASS DEPT OF REVENUE   Sales Tax   7,437   01/20/05
MCLEAN COUNTY SCHOOL DISTRICT   Utility Tax   725   01/13/05
MENIFEE COUNTY SCHOO   Utility Tax   437   01/13/05
MERCER COUNTY SCHOOL DISTRICT   Utility Tax   1,768   01/13/05
MINNESOTA REVENUE   Gross Receipts Tax   —   01/20/05
MINNESOTA REVENUE   Sales Tax   3   01/20/05
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax   4,552   01/12/05
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax   1,599   01/14/05
MONTANA DEPT OF REVENUE   Gross Receipts Tax   10   01/28/05
MORGAN COUNTY SCHOOL   Utility Tax   1,014   01/13/05
NECA KUSF   Gross Receipts Tax   11   01/12/05
NECA TX USF   Gross Receipts Tax   9   01/19/05
NECA VUSF   Gross Receipts Tax   232   01/12/05
NELSON COUNTY BOARD OF EDUCATIO   Utility Tax   1,332   01/13/05
NEW JERSEY SALES TAX   Sales Tax   603   01/20/05
NICHOLAS COUNTY SCHO   Utility Tax   667   01/13/05
NORTH CAROLINA DEPT OF REVENUE   Sales Tax   16,413   01/12/05
NYS SALES TAX PROCESSING   Sales Tax   1,897   01/12/05

56


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 5 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
NYS SALES TAX PROCESSING   Sales Tax   5,280   01/13/05
OFFICE OF REGULATIONS   Gross Receipts Tax   226   01/27/05
OHIO COUNTY SCHOOL DISTRICT   Utility Tax   20   01/13/05
OKLAHOMA TAX COMMISSION   Sales Tax   496   01/07/05
OWENSBORO BOARD OF EDUCATION   Utility Tax   11,091   01/13/05
OWSLEY COUNTY BOARD OF EDUCATIO   Utility Tax   374   01/13/05
PA DEPARTMENT OF REVENUE   Sales Tax   198,073   01/20/05
PA DEPARTMENT OF REVENUE   Sales Tax   11,725   01/24/05
PA DEPT. OF REVENUE   Sales Tax   2,540   01/18/05
PA DEPT. OF REVENUE   Sales Tax   285   01/24/05
PARIS INDEPENDENT SCHOOLS   Utility Tax   2,967   01/13/05
PERRY COUNTY SCHOOL   Utility Tax   261   01/13/05
PETERSBURG CITY O(T)   Utility Tax   23,997   01/13/05
POWELL COUNTY SCHOOL   Utility Tax   1,863   01/13/05
ROCKCASTLE COUNTY SCHOOL   Utility Tax   921   01/13/05
RUSSELL INDEPENDENT   Utility Tax   6,762   01/17/05
SCOTT COUNTY SCHOOL   Utility Tax   7,702   01/13/05
SOUTH CAROLINA DEPARTMENT OF   Sales Tax   41,166   01/20/05
STATE COMPTROLLER   Sales Tax   149   01/20/05
STATE OF ARKANSAS   Sales Tax   6   01/18/05
STATE OF CONNECTICUT   Sales Tax   205   01/24/05
STATE OF MICHIGAN   Sales Tax   270   01/12/05
STATE OF NEW HAMPSHIRE   Utility Tax   140,210   01/10/05
STATE OF NEW HAMPSHIRE   Gross Receipts Tax   1,533   01/12/05
STATE OF RHODE ISLAND   Sales Tax   14   01/18/05
STATE TAX DEPARTMENT   Sales Tax   151,421   01/10/05
TENNESSEE DEPT OF REVENUE   Sales Tax   604   01/13/05
TENNESSEE DEPT OF REVENUE   Sales Tax   61,907   01/20/05
TOWN OF ALBION   Utility Tax   337   01/18/05
TOWN OF BLACKSBURG   Utility Tax   15,159   01/13/05
TOWN OF MT CRESTED BUTTE   Utility Tax   1,391   01/11/05
TOWN OF SOUTH BOSTON   Utility Tax   4,394   01/13/05
TREASURER—STATE OF OHIO   Sales Tax   41,469   01/20/05
TREASURER OF STATE OF OHIO   Sales Tax   46,550   01/20/05
TREASURER OF STATE OF OHIO   Sales Tax   52,009   01/24/05
TREASURER STATE OF OHIO   Sales Tax   8,959   01/12/05
TREASURER STATE OF OHIO   Sales Tax   7,447   01/14/05
TREASURER STATE OF OHIO   Sales Tax   1,342   01/18/05
UNION COUNTY SCHOOL DISTRICT   Utility Tax   2,800   01/13/05
UNIVERSAL LIFETIME TELEPHONE SE   Gross Receipts Tax   249   01/07/05
UNIVERSAL SERVICE ADMINSTRATIVE   Gross Receipts Tax   34,709   01/05/05

57


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule V

 

Page 6 of 6

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended January 31, 2005

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
VERMONT DEPT OF TAXES   Sales Tax     289,132   01/18/05
VERMONT DEPT OF TAXES   Sales Tax     60,601   01/19/05
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     2,661   01/17/05
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     2,655   01/18/05
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     10,249   01/19/05
WASHINGTON COUNTY BOARD OF EDU   Utility Tax     911   01/13/05
WASHINGTON DEPT OF REVENUE   Sales Tax     3,936   01/18/05
WEBSTER COUNTY BOARD OF   Utility Tax     686   01/13/05
WEST VIRGINIA STATE TAX DEPT   Sales Tax     158,217   01/20/05
WISCONSIN DEPARTMENT OF REVEN   Sales Tax     43   01/20/05
WOLFE COUNTY SCHOOL   Utility Tax     564   01/13/05
WOODFORD COUNTY BOARD OF ED   Utility Tax     4,752   01/13/05
       
   
 
Total

 

 

 

$

6,245,098

 

 
       
   

58


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 1 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ACC CABLE COMMUNICATIONS FL-VA, LLC   081-02-41904   02-41904   5,877,598
ACC CABLE HOLDINGS VA, INC.   081-02-41905   02-41905   —
ACC HOLDINGS II, LLC   081-02-41955   02-41955   —
ACC INVESTMENT HOLDINGS, INC.   081-02-41957   02-41957   320
ACC OPERATIONS, INC.   081-02-41956   02-41956   191,624
ACC TELECOMMUNICATIONS HOLDINGS LLC   081-02-41864   02-41864   —
ACC TELECOMMUNICATIONS LLC   081-02-41863   02-41863   371,362
ACC TELECOMMUNICATIONS OF VIRGINIA LLC   081-02-41862   02-41862   1,388
ACC-AMN HOLDINGS, LLC   081-02-41861   02-41861   —
ADELPHIA ACQUISITION SUBSIDIARY, INC.   081-02-41860   02-41860   —
ADELPHIA ARIZONA, INC.   081-02-41859   02-41859   —
ADELPHIA BLAIRSVILLE, LLC   081-02-41735   02-41735   —
ADELPHIA CABLE PARTNERS, LP   081-02-41902   02-41902   5,566,947
ADELPHIA CABLEVISION ASSOCIATES, LP   081-02-41913   02-41913   488,368
ADELPHIA CABLEVISION CORP.   081-02-41752   02-41752   879,449
ADELPHIA CABLEVISION OF BOCA RATON, LLC   081-02-41751   02-41751   1,091,412
ADELPHIA CABLEVISION OF FONTANA, LLC   081-02-41755   02-41755   —
ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC   081-02-41754   02-41754   4,332,372
ADELPHIA CABLEVISION OF NEW YORK, INC.   081-02-41892   02-41892   2,553,612
ADELPHIA CABLEVISION OF NEWPORT BEACH, LLC   081-02-41947   02-41947   706,640
ADELPHIA CABLEVISION OF ORANGE COUNTY II, LLC   081-02-41781   02-41781   711,384
ADELPHIA CABLEVISION OF ORANGE COUNTY, LLC   081-02-41946   02-41946   737,485
ADELPHIA CABLEVISION OF SAN BERNANDINO, LLC   081-02-41753   02-41753   —
ADELPHIA CABLEVISION OF SANTA ANA, LLC   081-02-41831   02-41831   2,427,044
ADELPHIA CABLEVISION OF SEAL BEACH, LLC   081-02-41757   02-41757   234,839
ADELPHIA CABLEVISION OF SIMI VALLEY, LLC   081-02-41830   02-41830   804,786
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC   081-02-41943   02-41943   254,291
ADELPHIA CABLEVISION OF WEST PALM BEACH III, LLC   081-02-41783   02-41783   207,501
ADELPHIA CABLEVISION OF WEST PALM BEACH IV, LLC   081-02-41766   02-41766   2,423,192
ADELPHIA CABLEVISION OF WEST PALM BEACH V, LLC   081-02-41764   02-41764   157,325
ADELPHIA CABLEVISION, LLC   081-02-41858   02-41858   61,888,960
ADELPHIA CALIFORNIA CABLEVISION, LLC   081-02-41942   02-41942   3,072,249
ADELPHIA CENTRAL PENNSYLVANIA, LLC   081-02-41950   02-41950   3,076,561
ADELPHIA CLEVELAND, LLC   081-02-41793   02-41793   12,494,936
ADELPHIA COMMUNICATIONS CORPORATION   081-02-41729   02-41729   69,270
ADELPHIA COMMUNICATIONS INTERNATIONAL, INC.   081-02-41857   02-41857   320
ADELPHIA COMMUNICATIONS OF CALIFORNIA II, LLC   081-02-41748   02-41748   2,906,237
ADELPHIA COMMUNICATIONS OF CALIFORNIA III, LLC   081-02-41817   02-41817   1,559,756
ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC   081-02-41749   02-41749   242,980
ADELPHIA COMPANY OF WESTERN CONNECTICUT   081-02-41801   02-41801   2,927,136
ADELPHIA GENERAL HOLDINGS III, LLC   081-02-41854   02-41854   —
ADELPHIA GP HOLDINGS, LLC   081-02-41829   02-41829   —

59


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 2 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ADELPHIA GS CABLE, LLC   081-02-41908   02-41908   2,525,515
ADELPHIA HARBOR CENTER HOLDINGS LLC   081-02-41853   02-41853   250
ADELPHIA HOLDINGS 2001, LLC   081-02-41926   02-41926   —
ADELPHIA INTERNATIONAL II, LLC   081-02-41856   02-41856   250
ADELPHIA INTERNATIONAL III, LLC   081-02-41855   02-41855   250
ADELPHIA MOBILE PHONES, INC.   081-02-41852   02-41852   320
ADELPHIA OF THE MIDWEST, INC.   081-02-41794   02-41794   1,320
ADELPHIA PINELLAS COUNTY, LLC   081-02-41944   02-41944   —
ADELPHIA PRESTIGE CABLEVISION, LLC   081-02-41795   02-41795   4,567,791
ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.   081-02-41939   02-41939   62,722
ADELPHIA TELECOMMUNICATIONS, INC.   081-02-41851   02-41851   820,920
ADELPHIA WELLSVILLE, LLC   081-02-41850   02-41850   —
ADELPHIA WESTERN NEW YORK HOLDINGS, LLC   081-02-41849   02-41849   500
ARAHOVA COMMUNICATIONS, INC.   081-02-41815   02-41815   35,347
ARAHOVA HOLDINGS, LLC   081-02-41893   02-41893   390
BADGER HOLDING CORP   081-02-41792   02-41792   320
BETTER TV INC. OF BENNINGTON   081-02-41914   02-41914   269,696
BLACKSBURG/SALEM CABLEVISION, INC.   081-02-41759   02-41759   842,584
BRAZAS COMMUNICATIONS, INC.   081-02-41804   02-41804   320
BUENAVISION TELECOMMUNICATIONS, INC.   081-02-41938   02-41938   553,422
CABLE SENTRY CORPORATION   081-02-41894   02-41894   —
CALIFORNIA AD SALES, LLC   081-02-41945   02-41945   —
CCC-III, INC.   081-02-41867   02-41867   —
CCC-INDIANA, INC.   081-02-41937   02-41937   —
CCH INDIANA, LP   081-02-41935   02-41935   —
CDA CABLE, INC.   081-02-41879   02-41879   182,352
CENTURY ADVERTISING, INC.   081-02-41731   02-41731   320
CENTURY ALABAMA CORP   081-02-41889   02-41889   118,341
CENTURY ALABAMA HOLDING CORP   081-02-41891   02-41891   —
CENTURY AUSTRALIA COMMUNICATIONS CORP   081-02-41738   02-41738   250
CENTURY BERKSHIRE CABLE CORP   081-02-41762   02-41762   235,300
CENTURY CABLE HOLDING CORP   081-02-41814   02-41814   2,404
CENTURY CABLE HOLDINGS, LLC   081-02-41812   02-41812   18,719,308
CENTURY CABLE MANAGEMENT CORPORATION   081-02-41887   02-41887   263,581
CENTURY CABLE OF SOUTHERN CALIFORNIA   081-02-41745   02-41745   —
CENTURY CABLEVISION HOLDINGS, LLC   081-02-41936   02-41936   1,330,422
CENTURY CAROLINA CORP   081-02-41886   02-41886   1,485,725
CENTURY COLORADO SPRINGS CORP   081-02-41736   02-41736   132,000
CENTURY COLORADO SPRINGS PARTNERSHIP   081-02-41774   02-41774   5,111,597
CENTURY COMMUNICATIONS CORPORATION   081-02-12834   02-12834   1,451,951
CENTURY CULLMAN CORP   081-02-41888   02-41888   378,140
CENTURY ENTERPRISE CABLE CORP   081-02-41890   02-41890   375,987

60


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 3 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
CENTURY EXCHANGE, LLC   081-02-41744   02-41744   250
CENTURY FEDERAL, INC.   081-02-41747   02-41747   —
CENTURY GRANITE CABLE TELEVISION CORP.   081-02-41779   02-41779   —
CENTURY HUNTINGTON COMPANY   081-02-41885   02-41885   1,787,129
CENTURY INDIANA CORP   081-02-41768   02-41768   250
CENTURY INVESTMENT HOLDING CORP   081-02-41740   02-41740   320
CENTURY INVESTORS, INC.   081-02-41733   02-41733   320
CENTURY ISLAND ASSOCIATES, INC.   081-02-41771   02-41771   27,725
CENTURY ISLAND CABLE TELEVISION CORP   081-02-41772   02-41772   320
CENTURY KANSAS CABLE TELEVISION CORP   081-02-41884   02-41884   150,594
CENTURY LYKENS CABLE CORP   081-02-41883   02-41883   133,155
CENTURY MENDOCINO CABLE TELEVISION, INC.   081-02-41780   02-41780   498,368
CENTURY MISSISSIPPI CORP   081-02-41882   02-41882   325,668
CENTURY MOUNTAIN CORP   081-02-41797   02-41797   150,005
CENTURY NEW MEXICO CABLE TELEVISION CORP.   081-02-41784   02-41784   —
CENTURY NORWICH CORP   081-02-41881   02-41881   850,193
CENTURY OHIO CABLE TELEVISION CORP   081-02-41811   02-41811   510,979
CENTURY OREGON CABLE CORP   081-02-41739   02-41739   —
CENTURY PACIFIC CABLE TV INC   081-02-41746   02-41746   —
CENTURY PROGRAMMING, INC.   081-02-41732   02-41732   390
CENTURY REALTY CORP.   081-02-41813   02-41813   —
CENTURY SHASTA CABLE TELEVISION CORP   081-02-41880   02-41880   320
CENTURY SOUTHWEST COLORADO CABLE TELEVISION CORP   081-02-41770   02-41770   4,280
CENTURY TRINIDAD CABLE TELEVISION CORP.   081-02-41790   02-41790   231,432
CENTURY VIRGINIA CORP   081-02-41796   02-41796   374,639
CENTURY VOICE AND DATA COMMUNICATIONS, INC.   081-02-41737   02-41737   —
CENTURY WARRICK CABLE CORP.   081-02-41763   02-41763   320
CENTURY WASHINGTON CABLE TELEVISION, INC.   081-02-41878   02-41878   —
CENTURY WYOMING CABLE TELEVISION CORP.   081-02-41789   02-41789   87,818
CENTURY-TCI CALIFORNIA COMMUNICATIONS, LP   081-02-41743   02-41743   1,255
CENTURY-TCI CALIFORNIA, LP   081-02-41741   02-41741   52,235,307
CENTURY-TCI HOLDINGS, LLC   081-02-41742   02-41742   250
CHELSEA COMMUNICATIONS, INC.   081-02-41923   02-41923   1,360
CHELSEA COMMUNICATIONS, LLC   081-02-41924   02-41924   17,846,354
CHESTNUT STREET SERVICES, LLC   081-02-41842   02-41842   —
CLEAR CABLEVISION, INC.   081-02-41756   02-41756   70
CMA CABLEVISION ASSOCIATES VII, LP   081-02-41808   02-41808   322,470
CMA CABLEVISION ASSOCIATES XI, LP   081-02-41807   02-41807   116,858
CORAL SECURITY, INC   081-02-41895   02-41895   —
COWLITZ CABLEVISION, INC.   081-02-41877   02-41877   566,701

61


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 4 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
CP-MDU I LLC   081-02-41940   02-41940   —
CP-MDU II LLC   081-02-41941   02-41941   —
E & E CABLE SERVICE, INC.   081-02-41785   02-41785   250
EASTERN VIRGINIA CABLEVISION HOLDINGS, LLC   081-02-41799   02-41799   250
EASTERN VIRGINIA CABLEVISION, LP   081-02-41800   02-41800   516,321
EMPIRE SPORTS NETWORK, LP   081-02-41844   02-41844   317,947
FAE CABLE MANAGEMENT CORP   081-02-41734   02-41734   320
FOP INDIANA, LP   081-02-41816   02-41816   191,023
FRONTIERVISION ACCESS PARTNERS, LLC   081-02-41819   02-41819   1,719,351
FRONTIERVISION CABLE NEW ENGLAND, INC.   081-02-41822   02-41822   915,736
FRONTIERVISION CAPITAL CORPORATION   081-02-41820   02-41820   320
FRONTIERVISION HOLDINGS CAPITAL CORPORATION   081-02-41824   02-41824   320
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION   081-02-41823   02-41823   320
FRONTIERVISION HOLDINGS, LLC   081-02-41827   02-41827   250
FRONTIERVISION HOLDINGS, LP   081-02-41826   02-41826   320
FRONTIERVISION OPERATING PARTNERS, LLC   081-02-41825   02-41825   250
FRONTIERVISION OPERATING PARTNERS, LP   081-02-41821   02-41821   22,907,328
FRONTIERVISION PARTNERS, LP   081-02-41828   02-41828   250
FT MYERS CABLEVISION, LLC   081-02-41948   02-41948   —
FT. MYERS ACQUISITION LIMITED PARTNERSHIP   081-02-41949   02-41949   250
GENESIS CABLE COMMUNICATIONS SUBSIDIARY, LLC   081-02-41903   02-41903   —
GLOBAL ACQUISITION PARTNERS, LP   081-02-41933   02-41933   1,997,557
GLOBAL CABLEVISION II, LLC   081-02-41934   02-41934   250
GRAFTON CABLE COMPANY   081-02-41788   02-41788   —
GS CABLE, LLC   081-02-41907   02-41907   2,370,900
GS TELECOMMUNICATIONS LLC   081-02-41906   02-41906   —
HARRON CABLEVISION OF NEW HAMPSHIRE, INC.   081-02-41750   02-41750   1,695,898
HUNTINGTON CATV, INC.   081-02-41765   02-41765   150
IMPERIAL VALLEY CABLEVISION, INC.   081-02-41876   02-41876   689,817
KALAMAZOO COUNTY CABLEVISION, INC.   081-02-41922   02-41922   250
KEY BISCAYNE CABLEVISION   081-02-41898   02-41898   220,141
KOOTENAI CABLE, INC.   081-02-41875   02-41875   1,312,572
LAKE CHAMPLAIN CABLE TELEVISION CORPORATION   081-02-41911   02-41911   186,396
LEADERSHIP ACQUISITION LIMITED PARTNERSHIP   081-02-41931   02-41931   —
LOUISA CABLEVISION, INC.   081-02-41760   02-41760   42,921
MANCHESTER CABLEVISION, INC.   081-02-41758   02-41758   —
MARTHA'S VINEYARD CABLEVISION, LP   081-02-41805   02-41805   207,903
MERCURY COMMUNICATIONS, INC.   081-02-41840   02-41840   58,030
MICKELSON MEDIA OF FLORIDA, INC.   081-02-41874   02-41874   432,599
MICKELSON MEDIA, INC.   081-02-41782   02-41782   121,375
MONTGOMERY CABLEVISION, INC.   081-02-41848   02-41848   300
MONUMENT COLORADO CABLEVISION, INC.   081-02-41932   02-41932   156,696

62


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 5 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
MOUNTAIN CABLE COMMUNICATIONS CORPORATION   081-02-41916   02-41916   1,695
MOUNTAIN CABLE COMPANY, LP   081-02-41909   02-41909   3,276,395
MT. LEBANON CABLEVISION, INC   081-02-41920   02-41920   —
MULTI-CHANNEL TV CABLE COMPANY   081-02-41921   02-41921   508,303
NATIONAL CABLE ACQUISITION ASSOCIATES, LP   081-02-41952   02-41952   3,243,055
OLYMPUS CABLE HOLDINGS, LLC   081-02-41925   02-41925   7,661,446
OLYMPUS CAPITAL CORPORATION   081-02-41930   02-41930   320
OLYMPUS COMMUNICATIONS HOLDINGS, LLC   081-02-41953   02-41953   —
OLYMPUS COMMUNICATIONS, LP   081-02-41954   02-41954   1,420
OLYMPUS SUBSIDIARY, LLC   081-02-41928   02-41928   —
OWENSBORO INDIANA, LP   081-02-41773   02-41773   —
OWENSBORO ON THE AIR, INC.   081-02-41777   02-41777   500
OWENSBORO-BRUNSWICK, INC.   081-02-41730   02-41730   3,312,112
PAGE TIME, INC.   081-02-41839   02-41839   1,056
PARAGON CABLE TELEVISION, INC.   081-02-41778   02-41778   750
PARAGON CABLEVISION CONSTRUCTION CORPORATION   081-02-41775   02-41775   —
PARAGON CABLEVISION MANAGEMENT CORPORATION   081-02-41776   02-41776   —
PARNASSOS COMMUNICATIONS, LP   081-02-41846   02-41846   217,126
PARNASSOS HOLDINGS, LLC   081-02-41845   02-41845   —
PARNASSOS, LP   081-02-41843   02-41843   19,272,308
PERICLES COMMUNICATIONS CORPORATION   081-02-41919   02-41919   320
PULLMAN TV CABLE CO., INC.   081-02-41873   02-41873   461,768
RENTAVISION OF BRUNSWICK, INC.   081-02-41872   02-41872   177,373
RICHMOND CABLE TELEVISION CORPORATION   081-02-41912   02-41912   76,130
RIGPAL COMMUNICATIONS, INC.   081-02-41917   02-41917   —
ROBINSON/PLUM CABLEVISION, LP   081-02-41927   02-41927   549,447
S/T CABLE CORPORATION   081-02-41791   02-41791   320
SABRES, INC.   081-02-41838   02-41838   348
SCRANTON CABLEVISION, INC.   081-02-41761   02-41761   1,853,642
SENTINEL COMMUNICATIONS OF MUNCIE, INDIANA, INC.   081-02-41767   02-41767   150
SOUTHEAST FLORIDA CABLE, INC.   081-02-41900   02-41900   14,583,602
SOUTHWEST COLORADO CABLE INC.   081-02-41769   02-41769   167,504
SOUTHWEST VIRGINIA CABLE, INC.   081-02-41833   02-41833   767,151
STAR CABLE INC.   081-02-41787   02-41787   250
STARPOINT, LIMITED PARTNERSHIP   081-02-41897   02-41897   845,514
SVHH CABLE ACQUISITION, LP   081-02-41836   02-41836   978,145
SVHH HOLDINGS, LLC   081-02-41837   02-41837   —
TELE-MEDIA COMPANY OF HOPEWELL-PRINCE GEORGE   081-02-41798   02-41798   328,398
TELE-MEDIA COMPANY OF TRI-STATES, LP   081-02-41809   02-41809   —
TELE-MEDIA INVESTMENT PARTNERSHIP, LP   081-02-41951   02-41951   1,332,198
TELESAT ACQUISITION LIMITED PARTNERSHIP   081-02-41929   02-41929   —
TELESAT ACQUISITION, LLC   081-02-41871   02-41871   3,073,315

63


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VI

 

Page 6 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended January 31, 2005

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
THE GOLF CLUB AT WENDING CREEK FARMS, LLC   081-02-41841   02-41841     253
THE MAIN INTERNETWORKS, INC.   081-02-41818   02-41818     —
THE WESTOVER TV CABLE CO., INC.   081-02-41786   02-41786     250
THREE RIVERS CABLE ASSOCIATES, LP   081-02-41910   02-41910     1,217,183
TIMOTHEOS COMMUNICATIONS, LP   081-02-41901   02-41901     250
TMC HOLDINGS CORPORATION   081-02-41803   02-41803     773
TMC HOLDINGS, LLC   081-02-41802   02-41802     —
TRI-STATES, LLC   081-02-41810   02-41810     250
UCA LLC   081-02-41834   02-41834     9,586,221
UPPER ST. CLAIR CABLEVISION INC   081-02-41918   02-41918     —
US TELE-MEDIA INVESTMENT COMPANY   081-02-41835   02-41835     250
VALLEY VIDEO, INC.   081-02-41870   02-41870     114,281
VAN BUREN COUNTY CABLEVISION, INC.   081-02-41832   02-41832     177,397
WARRICK CABLEVISION, INC   081-02-41866   02-41866     —
WARRICK INDIANA, LP   081-02-41865   02-41865     167,575
WELLSVILLE CABLEVISION, LLC   081-02-41806   02-41806     559,222
WEST BOCA ACQUISITION LIMITED PARTNERSHIP   081-02-41899   02-41899     1,531,728
WESTERN NY CABLEVSION, LP   081-02-41847   02-41847     —
WESTVIEW SECURITY, INC   081-02-41896   02-41896     —
WILDERNESS CABLE COMPANY   081-02-41869   02-41869     115,101
YOUNG'S CABLE TV CORP   081-02-41915   02-41915     246,899
YUMA CABLEVISION, INC.   081-02-41868   02-41868     932,358
           

TOTAL

 

 

 

 

 

$

347,358,652
           

64


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VII

 

Page 1 of 2

Court Reporting schedules for Insurance Coverage

Coverage **

  Company
  Policy No.
  Term
Commercial Property   Lexington, C N A, RSUI   7474233; 1098648388; 335349   05/16/04 - 05/16/05

Commercial General Liability

 

AIG (American Home Assurance Co)

 

4806343, 4806117, 4806148

 

05/16/04 - 05/16/05

Commercial Automobile Liability

 

AIG (American Home Assurance Co)

 

MA—5189088 VA—5189089 TX—5189090
All other states—5189087

 

05/16/04 - 05/16/05

Excess Automobile Liability

 

AIG (Lexington)

 

All States—4261364

 

05/16/04 - 05/16/05

Worker's Compensation

 

AIG (New Hampshire Ins. Co., AI South Insurance Co., National Union Fire Insurance Co. of VT, and Ins. Co. State of PA)

 

All states except monopolistic policy numbers 5212710, 5212711, 5212712, 5212713

 

05/16/04 - 05/16/05
 
Ohio

 

Ohio Bureau of Workers Compensation

 

1328524

 

Ongoing*
 
Washington State

 

WA Department of Labor & Industry

 

083 004 452

 

10/1/99 - Ongoing*
 
West Virginia

 

West Virginia Workers' Compensation

 

20104948 101

 

10/1/99 - Ongoing*
 
Wyoming

 

Wyoming Department of Employment

 

366575/989582

 

10/1/99 - Ongoing*

International Package Policy
(Liability & Foreign Voluntary Comp)

 

ACE USA (ACE American Insurance Co.)

 

PHR073190

 

10/15/04 - 10/15/05

65


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

 

 

Schedule VII

 

Page 2 of 2

Court Reporting schedules for Insurance Coverage

Coverage **

  Company
  Policy No.
  Term
Aircraft Policy   AIG (National Union Fire Insurance Co.)   GM3380176-02   11/01/04 - 11/01/05

Umbrella Liability

 

Zurich (American Guarantee & Liability Insurance Co.)

 

AUC937411601

 

05/16/04 - 05/16/05
Excess Umbrella Liability   XL, St. Paul, Zurich   US00006683L104A, Q16400089, AEC380810300   05/16/04 - 05/16/05

Special Crime

 

Liberty Insurance Underwriters

 

180933013

 

12/19/04 - 12/31/05

New York Disability

 

Cigna

 

NYD 074487

 

07/01/04 - 12/31/05

Pollution Liability

 

Quanta Specialty Lines Insurance Company

 

On-site coverage (2000265)
Off-site coverage(2000266)

 

01/01/05 - 01/01/06

Fiduciary Liability Insurance

 

Houston Casualty Co.

 

14MG03A2983

 

12/08/04 - 12/31/05

Primary Directors & Officers Liability

 

Houston Casualty (U.S. Specialty Insurance Co.)

 

14MGU04A4702

 

12/31/04 - 12/31/05

Directors & Officers Liability Tail

 

Associated Electric & Gas Insurance Services Limited (AEGIS)

 

D0999A1A00

 

12/31/03 - 12/31/05 (Extension of 12/31/00 - 12/31/03 policy)

Excess Directors & Officers Liability

 

AIG (National Union Fire Insurance Co.).
Hartford (Twin City Fire Ins. Co.)
Axis Reinsurance Co.
Old Republic Insurance Co.

 

To Be Determined
To Be Determined
To Be Determined
To Be Determined

 

12/31/04 - 12/31/05
12/31/04 - 12/31/05
12/31/04 - 12/31/05
12/31/04 - 12/31/05

Blanket Fidelity Bond incl ERISA

 

Great American Insurance Co.

 

554-43-87

 

05/16/04 - 05/16/05

Media Professional Liability

 

ACE (Illinois Union Insurance Company)

 

EON G21640104 002

 

01/22/04 - 04/01/05

*
Ongoing means until the policy is cancelled by Adelphia or carrier

**
The named insured is Adelphia Communications Corporation et al for all of the coverages.

66




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