EXHIBIT 4.26
SUPPLEMENTAL INDENTURE
between
EVEREST HEALTHCARE TEXAS HOLDING CORP.
and
AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO
SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of October
31, 1999, between EVEREST HEALTHCARE TEXAS HOLDING CORP. (the "New Subsidiary
Guarantor"), a direct or indirect domestic Restricted Subsidiary of Everest
Healthcare Services Corporation (the "Company") and American National Bank and
Trust Company of Chicago, as trustee under the indenture referred to below (the
"Trustee"). Capitalized terms used herein and not defined herein shall have the
meaning ascribed to them in the Indenture (as defined below).
W I T N E S S E T H
WHEREAS, the Company has heretofore executed and delivered to the Trustee
an indenture (the "Indenture"), dated as of May 5, 1998, providing for the
issuance of an aggregate principal amount of up to $150,000,000.00 of 9-3/4%
Senior Subordinated Notes due 2008 (the "Notes");
WHEREAS, Section 4.10 of the Indenture provides that under certain
circumstances the Company may cause, and Section 4.20 of the Indenture provides
that under certain circumstances the Company must cause, certain of its
subsidiaries to execute and deliver to the Trustee a supplemental indenture
pursuant to which such subsidiaries shall unconditionally guarantee all of the
Company's Obligations under the Notes pursuant to a Guarantee on the terms and
conditions set forth herein; and
WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New
Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal
and ratable benefit of the Holders of the Notes as follows:
1. AGREEMENT TO GUARANTEE. The New Subsidiary Guarantor hereby agrees,
jointly and severally with all other Subsidiary Guarantors, to guarantee the
Company's Obligations under the Notes and the Indenture on the terms and subject
to the conditions set forth in Article XI and XII of the Indenture and to be
bound by all other applicable provisions of the Indenture.
2. NO RECOURSE AGAINST OTHERS. No director, officer, employee or
stockholder, as such, of the New Subsidiary Guarantor shall have any liability
for any obligations of the Company or any Subsidiary under the Notes, any
Guarantees, the Indenture or this Supplemental Indenture or for any claim based
on, in respect of, or by reason of, such obligations
of their creation. Each Holder by accepting a Note waives and releases all such
liability. The waiver and release are part of the consideration for issuance of
the Notes.
3. NEW YORK LAW TO GOVERN. The internal law of the State of New York shall
govern and be used to construe this Supplemental Indenture.
4. 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.
5. EFFECT OF HEADINGS. The Section headings herein are for convenience
only and shall not affect the construction hereof.
6. 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 correctness of the recitals of fact
contained herein, all of which recitals are made solely by the New Subsidiary
Guarantor.
7. EFFECT OF SUPPLEMENTAL INDENTURE. Expect as amended by this Supplemental
Indenture, the terms and provisions of the Indenture shall remain in full force
and effect.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed and attested, all as of the date first above
written.
EVEREST HEALTHCARE TEXAS HOLDING CORP.
By: /s/ Xxxxxxxx X. Xxxxxx
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Xxxxxxxx X. Xxxxxx as authorized signatory
AMERICAN NATIONAL BANK AND TRUST
COMPANY OF CHICAGO, as TRUSTEE
By: /s/ F. Xxxxx Xxxxxxxx III
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Name: F. Xxxxx Xxxxxxxx III
-------------------------
Title: Vice President
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