Exhibit 4.2
FIRST SUPPLEMENTAL INDENTURE
THIS FIRST SUPPLEMENTAL INDENTURE is dated as of August 30, 1993, among
Sweetheart Cup Company Inc., a Delaware corporation, as Issuer (the "Company"),
Sweetheart Holdings Inc., a Delaware corporation, as Guarantor (the
"Guarantor"), and U.S. TRUST COMPANY OF TEXAS, N.A., a national banking
association (the "Trustee").
RECITALS
WHEREAS, Cup Acquisition Corporation, a Delaware corporation (the
"Original Issuer"), SHI HOLDING COMPANY, L.L.C., a Delaware limited liability
company (the "Original Guarantor") and the Trustee entered into an Indenture,
dated as of the date hereof (the "Indenture") pursuant to which the Original
Issuer issued $110,000,000 in principal amount of 10 1/2% Senior Subordinated
Notes due 2003 (the "Securities) and the Original Guarantor guaranteed the
Securities (capitalized terms used herein without definition shall have the
respective meanings ascribed to them in the Indenture);
WHEREAS, the Company is the surviving, successor corporation of the merger
of the Original Issuer into the Company as permitted by Section 5.01 of Article
5 of the Indenture;
WHEREAS, the Guarantor is the surviving, successor corporation of the
merger of the Original Guarantor into the Guarantor as permitted by Section 5.01
of Article 5 of the Indenture;
WHEREAS, Section 5.02 of Article 5 of the Indenture provides, among other
things, that upon a merger of the Original Issuer in accordance with Section
5.01, the successor corporation into which the Original Issuer is merged shall
succeed to, and be substituted for, and may exercise every right and power of,
the Original Issuer under the Indenture with the same effect as if such
successor corporation had been named as the Original Issuer therein;
WHEREAS, Section 9.01 of the Indenture provides, among other things, that
the Original Issuer and the Original Guarantor when authorized by a resolution
of its Board of Directors and Board of Managers, respectively, and the Trustee,
may amend or supplement the Indenture or the Securities for the benefit of the
Securityholders without notice to or consent of any Securityholder to comply
with Article 5; and
WHEREAS, all acts and things prescribed by the Indenture, by law and by
the respective Certificates of Incorporation and By-Laws of the Company, the
Guarantor and of the Trustee necessary to make this First Supplemental Indenture
a valid instrument legally binding on the Company, the Guarantor and the
Trustee, in accordance with its terms, have been duly done and performed.
NOW, THEREFORE, to comply with the provisions of the Indenture and in
consideration of the above premises, the Company, the Guarantor and the Trustee
covenant and agree for the equal and proportionate benefit of the respective
Securityholders as follows:
ARTICLE 1
Section 1.01. This First Supplemental Indenture is supplemental to the
Indenture and does and shall be deemed to form a part of, and shall be construed
in connection with and as part of, the Indenture for any and all purposes,
including but not limited to discharge of the Indenture as provided in Article 8
of the Indenture.
Section 1.02. The Company assumes the due and punctual performance of all
of the covenants and conditions of the Indenture and the Securities to be
performed or observed on the part of the Original Issuer, and the Company
succeeds to, and is substituted for, and shall exercise every rights and power
of the Original Issuer under the Indenture with the same effect as if the
Company had been named as the "Issuer" under the Indenture.
Section 1.03. The Guarantor assumes the due and punctual performance of
all of the covenants and conditions of the Indenture and the Securities to be
performed or observed an the part of the Original Guarantor, and the Guarantor
succeeds to, and is substituted for, and shall exercise every right and power of
the Original Guarantor under the Indenture with the same effect as if the
Guarantor had been named as the "Guarantor" under the Indenture.
Section 1.04. This First Supplemental Indenture shall become effective
immediately upon its execution and delivery by each of the Company, the
Guarantor and the Trustee.
ARTICLE 2
Section 2.01. Except as specifically modified herein, the Original
Indenture and the Securities are in all respects ratified and confirmed and
shall remain in full force and effect in accordance with their terms.
Section 2.02. Except as otherwise expressly provided herein, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this First Supplemental Indenture. This
First Supplemental Indenture is executed and accepted by the Trustee subject to
all the terms and conditions set forth in the Indenture with the same force and
effect as if those terms and conditions were repeated at length herein and made
applicable to the Trustee with respect hereto.
Section 2.03. The internal laws of the State of New York shall govern and
be used to construe this First Supplemental Indenture.
Section 2.04. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of such
executed copies together shall represent the same agreement.
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SIGNATURES
IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental
Indenture to be duly executed, all as of the date first written above.
SWEETHEART CUP COMPANY INC.,
as the Company
By:
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By:
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SWEETHEART HOLDINGS INC.,
as Guarantor
By:
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By:
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U.S. TRUST COMPANY OF TEXAS, N.A.,
as Trustee
By:
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By:
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