America Online 2009 Annual Report Download - page 183
Download and view the complete annual report
Please find page 183 of the 2009 America Online annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194
-
195
-
196
-
197
-
198
 |
 |
(vi) AOL shall (A) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state
or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (B) consent to the institution of, or fail to contest in a timely
and appropriate manner, any proceeding or petition described in clause (v) above, (C) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for AOL or for a substantial part of its assets, (D) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, (E) make a general assignment for the benefit of creditors or (F) take any action for the
purpose of effecting any of the foregoing.
"Closing Date" means the date on which all conditions to the effectiveness of the obligations of the lenders under the Credit Agreement to make
loans are satisfied or waived pursuant to the terms of the Credit Agreement.
"Credit Agreement" has the meaning set forth in the recitals.
"Credit Support Period" means the period from the Distribution Date until the earlier to occur of the Credit Support Termination Date and the
date on which all TW Support Obligations are Released.
"Credit Support Termination Date" means the earlier to occur of (i) the date that is 30 days after the date on which funds become available for
borrowing under (or debt is incurred in respect of) AOL's initial principal indebtedness arrangement (whether a revolving or term credit facility, security
offering in the capital markets or otherwise, but which, for the avoidance of doubt, shall not include the facility under the Credit Agreement, but shall include
any extension or renewal thereof) and (ii) the date that is 24 months after the Distribution Date.
"Default Interest Rate" has the meaning set forth in the TW Credit Fee Letter.
"Distribution Date" means the date on which the Spin-Off is completed.
"Guarantee" has the meaning set forth in the recitals.
"Indemnitee" has the meaning set forth in Section 6(d) below.
"Release" or "Released" means, (a) with respect to any TW Support Obligation, that all obligations and liabilities of Time Warner and/or its
subsidiaries in respect of such TW Support Obligation are released and terminated, whether by the termination or cancelation of such TW Support Obligation
or by the termination and release of Time Warner and its subsidiaries from their respective obligations and liabilities in respect of such TW Support
Obligation, which release shall be evidenced in writing and signed by all parties to or beneficiaries of such TW Support Obligation that
3