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Exhibit 4.3
FIRST SUPPLEMENTAL INDENTURE (this
"Supplemental Indenture"), dated as of
July 16, 2001, among PLIANT CORPORATION
(f/k/a Huntsman Packaging Corporation), a
Utah corporation (the "Company"),
UNIPLAST HOLDINGS, INC., a Delaware
corporation ("UHI"), UNIPLAST U.S., INC.,
a Delaware corporation ("UUS"), TUREX,
INC., a Rhode Island corporation
("Turex"), XXXXXXX INDUSTRIES, INC., a
Massachusetts corporation ("PII"),
UNIPLAST MIDWEST, INC., an Indiana
corporation ("UMI" and, together with
UHI, UUS, Turex, and PII, the "New
Guarantors"), PLIANT CORPORATION
INTERNATIONAL, a Utah corporation
("PCI"), PLIANT FILM PRODUCTS OF MEXICO,
INC., a Utah corporation ("PFP"), PLIANT
SOLUTIONS CORPORATION, a Utah corporation
("PSC"), PLIANT CORPORATION GEORGIA,
INC., a Georgia corporation ("PCG"),
PLIANT PACKAGING OF CANADA, LLC, a Utah
limited liability company ("PPC" and,
together with PCI, PFP, PSC, and PCG, the
"Existing Guarantors"), and THE BANK OF
NEW YORK, a New York banking corporation,
as trustee under the indenture referred
to below (the "Trustee").
WITNESSETH:
WHEREAS the Company and the Existing Guarantors have heretofore
executed and delivered to the Trustee an Indenture (the "Indenture") dated as of
May 31, 2000, providing for the issuance of an aggregate principal amount of up
to $220,000,000 of 13% Senior Subordinated Notes due 2010 (the "Securities");
WHEREAS Section 4.11 of the Indenture provides that under certain
circumstances the Company is required to cause the New Guarantors to execute and
deliver to the Trustee a supplemental indenture pursuant to which the New
Guarantors shall unconditionally guarantee all the Company's obligations under
the Securities pursuant to a Note Guarantee on the terms and conditions set
forth herein; and
WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the
Company and the Existing Guarantors are 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
Guarantors, the Company, the Existing Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the holders of the
Securities as follows:
1. Agreement to Guarantee. Each of the New Guarantors hereby agrees,
jointly and severally with all the Existing Guarantors, to unconditionally
guarantee the Company's obligations under the Securities on the terms and
subject to the conditions set forth in Articles 11
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and 12 of the Indenture and to be bound by all other applicable provisions of
the Indenture and the Securities.
2. Ratification of Indenture; Supplemental Indentures Part of
Indenture. Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect. This Supplemental Indenture shall form a
part of the Indenture for all purposes, and every holder of Securities
heretofore or hereafter authenticated and delivered shall be bound hereby.
3. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK 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.
4. Trustee Makes No Representation. The recitals contained herein shall
be taken as the statements of the Company, the New Guarantors and the Existing
Guarantors, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture.
5. 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.
6. Effects of Headings. The Section headings herein are for convenience
only and shall not affect the construction thereof.
* * * * *
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.
UNIPLAST HOLDINGS, INC.
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
UNIPLAST U.S., INC.
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
TUREX, INC.
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
XXXXXXX INDUSTRIES, INC.
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
UNIPLAST MIDWEST, INC.
By /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
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PLIANT CORPORATION
By /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
PLIANT CORPORATION INTERNATIONAL
By /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
PLIANT FILM PRODUCTS OF MEXICO, INC.
By /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
PLIANT SOLUTIONS CORPORATION
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: President
PLIANT CORPORATION GEORGIA, INC.
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: President
PLIANT PACKAGING OF CANADA, LLC
By /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: President
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THE BANK OF NEW YORK, as Trustee
By /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
Title: Assistant Treasurer
