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Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/06/1994
Entire Document
 
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                 (b)      Encumbrances.  Grant, create or permit to exist a
         Lien on any of the Purchased Assets, Blue Ridge Assets or HT Joint
         Venture Assets, other than Liens which at Closing would be either
         Permitted Owned Real Property Liens or Permitted Owned Tangible
         Personal Property Liens;

                 (c)  Employee Matters.  (i) Increase in any manner the rate of
         compensation of any Employees who are employed primarily in the
         Businesses or who are employed primarily in connection with the
         business activities of Blue Ridge or the HT Joint Venture, (ii) make
         or agree to make any payment pursuant to any Employee Plan, including
         any payment of any pension, retirement allowance, severance or other
         employee benefit, or (iii) adopt or enter into any additional Employee
         Plan, or employment or consulting agreement, or amend any Employee
         Plan or employment or consulting agreement,  or (iv) terminate the
         employment of any Employee prior to the Closing, except, in any such
         case, (A) as required by Law or under the terms of any existing
         Contract,  Blue Ridge Contract or HT Joint Venture Contract disclosed
         on Schedule 5.1.9(a) or of any existing Employee Plan disclosed on
         Schedule 5.1.14(a), (B) any action relating to a Talent Agreement that
         is otherwise permitted under Section 6.6(k), or (C) following
         consultation with Purchasers;

                 (d)  Contracts.  Terminate, modify, amend or waive any rights
         under any Contract, Blue Ridge Contract or HT Joint Venture Contract,
         or enter into any new or additional Contracts, Blue Ridge Contracts or
         HT Joint Venture Contracts except (i) in the Ordinary Course or (ii)
         in the case of any Contract, Blue Ridge Contract or HT Joint Venture
         Contract the term of which is longer than one year or which will
         require payments by any party thereto in excess of $100,000, after
         first consulting with Purchasers with respect to the terms of such
         contract;

                 (e)      Program License Agreements.  Enter into any renewal
         of syndicated first-run programs at a cost greater than 105% of the
         current cost and having a term of more than 12 months, or purchase any
         syndicated rerun programming, without first consulting with Purchasers
         with respect to the terms of such renewal or purchase;

                 (f)      Licenses and Intellectual Property Rights.
         Surrender, modify, amend, waive any rights under, forfeit or otherwise
         adversely affect any of the TV Licenses, material Other Licenses or
         material Intellectual Property Rights;

                 (g)  Litigation.  Enter into any compromise or settlement of
         any litigation, action, suit, claim, proceeding or investigation (i)
         that will result in the imposition of any Lien or other restriction
         affecting any of





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