ARTICLE I.
DEFINITIONS
|
|
|
Certain
Terms Defined in the Indenture .
|
For purposes of this First Supplemental
Indenture, all capitalized terms used but not defined herein shall
have the meanings ascribed to such terms in the Indenture, as
amended and supplemented hereby.
For the benefit of the Holders of the Notes,
Section 101 of the Indenture shall be amended by adding or
substituting, as applicable, the following new
definitions:
“ Consolidated Net Worth ”
means, at any date, the sum of all amounts which would be included
under stockholders’ equity on a consolidated balance sheet of
an applicable entity and its subsidiaries determined in accordance
with United States generally accepted accounting principles on such
date or, in the event such date is not a fiscal quarter end, as of
the immediately preceding fiscal quarter end.
“ Designated Subsidiary ”
means any present or future consolidated Subsidiary of the
Guarantor, the Consolidated Net Worth of which constitutes at least
10% of the Guarantor’s Consolidated Net Worth.
“ Global Notes ” means,
individually and collectively, each of the Notes in the form of
global Securities registered in the name of the Depositary or its
nominee, substantially in the form of Exhibit A attached
hereto.
“ Guarantor ” means the
Person named as the “Guarantor” in the first paragraph
of this First Supplemental Indenture.
“ Indebtedness ” means,
without duplication and solely for the purposes of Section 2.6
herein, with respect to any Person, whether or not
contingent:
(1) the
principal of and any premium and interest on (a) indebtedness
of such Person for money borrowed or (b) indebtedness
evidenced by notes, debentures, bonds or other similar instruments
for the payment of which such person is responsible or
liable;
(2) all
capitalized lease obligations of such Person;
(3) all
obligations of such Person issued or assumed as the deferred
purchased price of property, all conditional sale obligations and
all obligations under any title retention agreement (but excluding
trade accounts payable arising in the ordinary course of
business);
(4) all
obligations of such Person for the reimbursement of any obligor on
any banker’s acceptance, bank guarantees, surety bonds or
similar credit transaction; and
(5) any
amendments, modifications, refundings, renewals or extensions of
any indebtedness or obligation described as
“Indebtedness” in clauses (1) through
(4) above;
if and to the
extent any of the preceding items (other than letters of credit)
would appear as a liability upon a balance sheet of such person
prepared in accordance with United States generally accepted
accounting principles; provided, however , the term
‘‘Indebtedness’’ includes all of the
following items, whether or not any such items would appear as a
liability on a balance sheet of such Person prepared in accordance
with such generally accepted accounting principles:
|
|
|
all
Indebtedness of others secured by any mortgage, pledge, lien,
security interest or other encumbrance on any property or asset of
such Person (whether or not such Indebtedness is assumed by such
Person);
|
|
|
|
to the extent
not otherwise included, any guarantee by such person of
Indebtedness of any other Person; and
|
|
|
|
preferred stock
or other equity interests providing for mandatory redemption or
sinking fund or similar payments issued by any subsidiary of such
Person.
|
“ Payor ” means, in respect
of the Notes, each of the Company, the Guarantor and any of their
respective successors.
“ Relevant Tax Jurisdiction ”
means the jurisdiction, other than the United States, where the
Payor is organized or otherwise considered to be a resident for tax
purposes, any jurisdiction, other than the United States, from or
through which the Payor makes a payment on the Notes, or, in each
case, any political organization or governmental authority thereof
or therein having the power to tax.
ARTICLE II.
FORM AND TERMS OF THE
NOTES
The Notes and the Trustee’s certificate of
authentication shall be substantially in the form of Exhibit
A attached hereto. The Notes shall be executed on
behalf of the Company by two of the officers of the Company
specified in Section 303 of the Indenture. The Notes may
have notations, legends or endorsements required by law, stock
exchange rules or usage. Each Note shall be dated the
date of its authentication. The Notes and any beneficial
interest in the Notes shall be in minimum denominations of $25.00
and integral multiples of $25.00 in excess thereof.
The terms and notations contained in the Notes
shall constitute, and are hereby expressly made, a part of the
Indenture as supplemented by this First Supplemental Indenture; and
the Company and the Trustee, by their execution and delivery of
this First Supplemental Indenture, expressly agree to such terms
and provisions and to be bound thereby; provided that, to
the extent of any inconsistency between the terms and provisions in
the Indenture, as supplemented by this First Supplemental
Indenture, and those contained in the Notes, the Indenture, as
supplemented by this First Supplemental Indenture, shall
govern.
(a)
Global Notes . The Notes designated herein shall
be issued initially in the form of one or more fully-registered
permanent global Securities, which shall be held by the Trustee as
custodian for The Depository Trust Company, New York, New York (the
“ Depositary ”), and registered in the name of
Cede & Co., the Depositary’s nominee, duly executed by
the Company, authenticated by the Trustee and with the Guarantee
endorsed thereon as hereinafter provided. The aggregate
principal amount of outstanding Notes may from time to time be
increased or decreased by adjustments made on the records of the
Trustee and the Depositary or its nominee as hereinafter
provided.
Unless and until the Global Notes are exchanged
in whole or in part for the individual Notes represented thereby
pursuant to Section 305 of the Indenture, such Global Notes may not
be transferred except as a whole by the Depositary to its nominee
or by its nominee to the Depositary or another nominee of the
Depositary or by the Depositary or any of its nominees to a
successor depositary or any nominee of such successor
depositary. Upon the occurrence of the events specified
in Section 305 of the Indenture in relation thereto, the Company
shall execute, and the Trustee shall, upon receipt of a Company
Order for authentication, authenticate and deliver, Notes in
definitive form in an aggregate principal amount equal to the
principal amount of the Global Notes in exchange for such Global
Note.
(b)
Book-Entry Provisions . This Section 2.1(b) shall
apply only to the Global Notes deposited with or on behalf of the
Depositary.
The Company shall execute and the Trustee shall,
in accordance with this Section 2.1(b), authenticate and deliver
the Global Notes that shall be registered in the name of the
Depositary or the nominee of the Depositary and shall be held by
the Trustee as custodian for the Depositary.
Participants of the Depositary shall have no
rights either under the Indenture or with respect to any Global
Notes. The Depositary shall be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the
absolute owner of such Global Note for all purposes under the
Indenture. Notwithstanding the foregoing, nothing herein
shall prevent the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by
the Depositary or impair, as between the Depositary and its
participants, the operation of customary practices of such
Depositary governing the exercise of the rights of an owner of a
beneficial interest in the Global Notes.
(c)
Definitive Notes . Definitive Notes issued in
physical, certificated form, registered in the name of the
beneficial owner thereof, shall be substantially in the form of
Exhibit A attached hereto, but without including the text
referred to therein as applying only to Global
Notes. Except as provided above in subsection (a),
owners of beneficial interests in the Global Notes will not be
entitled to receive physical delivery of certificated
Notes.
(d)
Transfer and Exchange of the Notes . The transfer
and exchange of beneficial interests in the Global Notes shall be
effected through the Depositary, in accordance with the Indenture
and the procedures of the Depositary
therefor. Beneficial interests in the Global Notes may
be transferred to Persons who take delivery thereof in the form of
a beneficial interest in the Global Notes.
(e)
Paying Agent . The Company appoints the Trustee
as the initial agent of the Company for the payment of the
principal of (and premium, if any) and interest on and
any Additional Amounts with respect to the Notes, and the Corporate
Trust Office of the Trustee in Wilmington, Delaware, be and hereby
is, designated as the office or agency where the Notes may be
presented for payment and where notices to or demands upon the
Company in respect of the Notes and this First Supplemental
Indenture and the Indenture pursuant to which the Notes are to be
issued may be made.
|
|
|
Certain
Terms of the Notes .
|
The following terms relating to the Notes are
hereby established:
(a)
Title . The Notes shall constitute a
series of Securities having the title “8.25% Notes due
2041.”
(b)
Principal Amount . The aggregate
principal amount of the Notes that may be initially authenticated
and delivered under the Indenture (except for Notes authenticated
and delivered upon registration of, transfer of, or in exchange
for, or in lieu of, other Notes pursuant to Sections 304, 305, 306,
905 or 1107 of the Indenture) shall be ONE HUNDRED AND SEVEN
MILLION, FIVE HUNDRED THOUSAND DOLLARS
($107,500,000). The Company may, from time to time,
without notice to, or the consent of, the Holders of the Notes,
issue and sell additional Securities (“ Additional
Securities ”) ranking equally and ratably with the Notes
in all respects (other than the issue date, and to the extent
applicable, issue price, initial date of interest accrual and
initial interest payment date of such Additional Securities),
provided that such Additional Securities are fungible with
the previously issued Notes for U.S. federal income tax
purposes. Any such Additional Securities shall be
consolidated and form a single series with the Notes for all
purposes under the Indenture, including voting.
(c)
Maturity Date . The entire outstanding
principal of the Notes shall be payable on June 15,
2041.
(d)
Interest Rate . The rate at which the Notes shall
bear interest shall be 8.25% per annum, computed on the basis of a
360-day year comprised of twelve 30-day months; the date from which
interest shall accrue on the Notes shall be June 24, 2011, or the
most recent Interest Payment Date to which interest has been paid
or duly provided for; the Interest Payment Dates for the Notes
shall be the 15 th
day of March, June, September and
December of each year, commencing on September 15, 2011; the
interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date, will be paid, in immediately available
funds, to the Persons in whose names the Notes (or one or more
Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest, which shall be the
1 st day of March, June, September and December
(whether or not a Business Day), as the case may be, next preceding
such Interest Payment Date. Any such interest not
punctually paid or duly provided for shall forthwith cease to be
payable to the respective Holders on such Regular Record Date, and
such defaulted interest may be paid to the Persons in whose names
the Notes (or one or more Predecessor Securities) is registered at
the close of business on a Special Record Date for the payment of
such defaulted interest to be fixed by the Trustee, notice whereof
shall be given to Holders of Notes not less than 10 days prior to
such Special Record Date, or may be paid at any time in any other
lawful manner not inconsistent with requirements of any securities
exchange on which the Notes may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in
said Indenture. Payment of principal of, and premium, if
any, and interest on, and any Additional Amounts with respect to,
the Notes will be made at the Corporate Trust Office of the Trustee
or such other office or agency of the Company as may be designated
for such purpose, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of
public and private debts; provided , however , that
each installment of interest, premium, if any, and principal on,
and any Additional Amounts with respect to, the Notes may at the
Company’s option be paid in immediately available funds by
wire transfer to an account maintained by the payee located in the
United States.
(e)
Currency . The currency of denomination of the
Notes is United States dollars. Payment of principal of
and interest and premium, if any, on, and any Additional Amounts
with respect to, the Notes will be made in United States
dollars.
(a)
Applicability of Article Eleven . The provisions
of Article Eleven of the Indenture shall apply to the Notes, as
supplemented by Sections 2.3(a) and (b) below.
(b)
Redemption Price . The Notes shall be redeemable,
for cash, in whole or in part, on or after June 15, 2016, at the
option of the Company, at any time and from time to time, until the
Maturity Date at a Redemption Price equal to 100% of the principal
amount of the Notes to be redeemed, plus (i) accrued but unpaid
interest on the principal amount of Notes being redeemed to, but
not including, the Redemption Date and (ii) Additional Amounts, if
any (subject, in each case, to the rights of Holders of Notes on
the applicable Regular Record Date to receive interest due on the
applicable Interest Payment Date).
(c)
Interest Payable . On and after any Redemption
Date for the Notes, interest will cease to accrue on the Notes or
any portion thereof called for redemption, unless the Company
defaults in the payment of the Redemption Price.
|
|
|
Payment of
Additional Amounts .
|
(a)
Additional Amounts . If any taxes, assessments or
other governmental charges are imposed by the Relevant Tax
Jurisdiction in respect of any payments under the Notes, the Payor
shall pay to each Holder of the Notes, to the extent it may
lawfully do so, such Additional Amounts as may be necessary in
order that the net amounts paid to such Holder will be not less
than the amount specified in the Notes to which such Holder is
otherwise entitled.
(b)
Exceptions to Payments of Additional Amounts
. Notwithstanding the foregoing clause (a), the Payor
shall not be required to make any payment of Additional Amounts for
or on account of:
(1) any
tax, assessment or other governmental charge which would not have
been imposed but for (i) the existence of any present or
former connection between such Holder (or between a fiduciary,
settlor, beneficiary, member or shareholder of, or possessor of a
power over, such Holder, if such Holder is an estate, trust,
partnership, limited liability company or corporation) and the
Relevant Tax Jurisdiction (other than by reason of the mere
ownership of, or receipt of payment under, the Notes), including,
without limitation, such Holder (or such fiduciary, settlor,
beneficiary, member, shareholder or possessor) being or having been
a citizen or resident thereof or being or having been present or
engaged in trade or business therein or having or having had a
permanent establishment therein or (ii) the presentation of a
Note (where presentation is required) for payment on a date more
than 30 days after (x) the date on which such payment became due
and payable or (y) the date on which payment thereof is duly
provided for, whichever occurs later;
(2) any
estate, inheritance, gift, sales, transfer, personal property or
similar tax, assessment or other governmental charge;
(3) any
tax, assessment or other governmental charge which is payable
otherwise than by withholding from payment of (or in respect of)
principal of, premium, if any, or any interest on, the
Notes;
(4) any
tax, assessment or other governmental charge that is imposed or
withheld by reason of the failure by the Holder or the beneficial
owner of the Notes to comply with a request of the Payor addressed
to such Holder to provide information, documents or other evidence
concerning the nationality, residence or identity of such Holder or
such beneficial owner which is required by a statute, treaty,
regulation or a