EXHIBIT 4.2
FOURTH SUPPLEMENTAL INDENTURE
THIS FOURTH SUPPLEMENTAL INDENTURE dated as of September 30, 2004 (this
"Supplemental Indenture"), is entered into by and among Pioneer Natural
Resources Company, a Delaware corporation (the "Company"), and Wachovia Bank,
National Association, the successor to First Union National Bank, a national
banking association, as trustee (the "Trustee"). Capitalized terms used herein
and not otherwise defined have the meanings set forth in the Indenture referred
to below.
RECITALS
A. Pursuant to the terms of that certain Agreement and Plan of Merger dated
as of September 29, 2004, by and between the Company and Pioneer Debt Sub, LLC,
a Texas limited liability company and a wholly-owned subsidiary of the Company
("Debt Sub"), Debt Sub has merged with and into the Company, with the Company as
the surviving corporation (the "Merger").
B. Pursuant to Article VII of that certain Indenture dated as of December
18, 2001, by and among Debt Sub, the Company and the Trustee (as heretofore
amended and supplemented, the "Indenture"), upon consummation of the Merger, the
Company shall expressly assume, by supplemental indenture, executed and
delivered to the Trustee all obligations of Debt Sub under the Indenture and the
4.75% Senior Convertible Notes due 2021 issued thereunder (the "Securities") and
the Company will succeed to, and be substituted for, and may exercise every
right and power of Debt Sub under the Indenture and the Securities.
C. In accordance with Section 11.1(a) of the Indenture, the Company and the
Trustee are authorized to execute and deliver this Supplemental Indenture to
amend the Indenture to provide for the assumption by the Company of the
obligations of Debt Sub under the Indenture and the Securities without notice to
or the consent of any Securityholder.
D. The Company desires and has requested the Trustee to join with it in
entering into this Supplemental Indenture for the purpose of amending the
Indenture to provide for the assumption by the Company of the obligations of
Debt Sub under the Indenture and the Securities.
E. The Company has duly authorized the execution and delivery of this
Supplemental Indenture.
AGREEMENTS
NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Company
and the Trustee mutually covenant and agree for the equal and ratable benefit of
the Holders of the Securities as follows:
Section 1. Confirmation of Original Indenture. Except as amended and
supplemented hereby, the Indenture is hereby ratified, confirmed and reaffirmed
in all respects. The Indenture and this Supplemental Indenture shall be read,
taken and construed as one and the same instrument.
Section 2. Successor Company Substituted. In accordance with Article VII of
the Indenture, upon consummation of the Merger, the Company shall succeed to,
and be substituted for, and may exercise every right and power of, Debt Sub
under the Securities and the Indenture with the same effect as if the Company
had been named therein as Debt Sub.
Section 3. Assumption of Obligations. Upon consummation of the Merger, the
Company hereby assumes all of the obligations of Debt Sub under the Indenture
and the Securities with the same effect as if the Company had been named therein
as Debt Sub.
Section 4. Miscellaneous.
(a) Execution of Supplemental Indenture. This Supplemental Indenture
is executed and shall be construed as an indenture supplemental to the Indenture
and, as provided in the Indenture, this Supplemental Indenture forms a part of
the Indenture.
(b) NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW
YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT
THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.
(c) Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement.
(d) Effect of Headings. The Section headings herein are for
convenience only and shall not affect the construction hereof.
(e) The Trustee. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made solely by the Company.
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2
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.
Dated: September 30, 2004
PIONEER NATURAL RESOURCES COMPANY
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Vice President
WACHOVIA BANK, NATIONAL ASSOCIATION,
as Trustee
By: /s/ Xxxx Xxxxxx
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Authorized Signatory
Signature Page to the Fourth Supplemental Indenture
(4.75% Senior Convertible Notes)
