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EXHIBIT 4
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FEDERATED DEPARTMENT STORES, INC.
AND
CITIBANK, N.A.
TRUSTEE
FIFTH SUPPLEMENTAL TRUST INDENTURE
DATED AS OF MARCH 27, 2001
SUPPLEMENTING THAT CERTAIN
INDENTURE
DATED AS OF SEPTEMBER 10, 1997
AUTHORIZING THE ISSUANCE AND DELIVERY OF
SENIOR SECURITIES
CONSISTING OF $500,000,000 AGGREGATE PRINCIPAL AMOUNT OF
6 5/8% SENIOR NOTES DUE 2011
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TABLE OF CONTENTS
Page
RECITALS..........................................................................................................1
[Form of Face of Security]........................................................................................2
[Form of Reverse of Security].....................................................................................3
ARTICLE I. ISSUANCE OF SENIOR NOTES.............................................................................7
Section 1.1. Issuance Of Senior Notes; Principal Amount; Maturity......................................7
Section 1.2. Interest On The Senior Notes; Payment Of Interest.........................................8
Section 1.3. Execution, Authentication And Delivery Of Securities......................................8
ARTICLE II. CERTAIN DEFINITIONS.................................................................................8
Section 2.1. Certain Definitions.......................................................................8
ARTICLE III. CERTAIN COVENANTS.................................................................................15
Section 3.1. Liens....................................................................................15
Section 3.2. Sale And Leaseback Transactions..........................................................15
Section 3.3. Permitting Unrestricted Subsidiaries To Become Restricted Subsidiaries...................16
Section 3.4. Payment Office...........................................................................16
ARTICLE IV. ADDITIONAL EVENTS OF DEFAULT.......................................................................16
Section 4.1. Additional Events Of Default.............................................................16
ARTICLE V. DEFEASANCE..........................................................................................17
Section 5.1. Applicability Of Article V Of The Indenture..............................................17
ARTICLE VI. REDEMPTION OF SENIOR NOTES.........................................................................18
Section 6.1. Right Of Redemption......................................................................18
ARTICLE VII. MISCELLANEOUS.....................................................................................18
Section 7.1. Reference To And Effect On The Indenture.................................................18
Section 7.2. Waiver Of Certain Covenants..............................................................18
Section 7.3. Supplemental Indenture May Be Executed In Counterparts...................................18
Section 7.4. Effect Of Headings.......................................................................18
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FIFTH SUPPLEMENTAL INDENTURE, dated as of March 27, 2001, between
Federated Department Stores, Inc., a corporation duly organized and existing
under the laws of the State of Delaware (the "Company"), and Citibank, N.A., a
national banking association duly incorporated under the laws of the United
States of America, as Trustee (the "Trustee"), supplementing that certain
Indenture, dated as of September 10, 1997, between the Company and the Trustee
(the "Indenture").
RECITALS
A. The Company has duly authorized the execution and delivery of the
Indenture to provide for the issuance from time to time of its unsecured
debentures, notes, or other evidences of indebtedness (the "Securities") to be
issued in one or more series as provided for in the Indenture.
B. The Indenture provides that the Securities of each series shall be
in substantially the form set forth in the Indenture, or in such other form as
may be established by or pursuant to a Board Resolution or in one or more
indentures supplemental thereto, in each case with such appropriate insertions,
omissions, substitutions, and other variations as are required or permitted by
the Indenture, and may have such letters, numbers, or other marks of
identification and such legends or endorsements placed thereon as may be
required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the officers executing such Securities,
as evidenced by their execution thereof.
C. The Company shall issue and deliver, and the Trustee shall
authenticate, Securities denominated "6 5/8% Senior Notes Due 2011" (the "Senior
Notes") pursuant to the terms of this Supplemental Indenture and substantially
in the form set forth below, in each case with such appropriate insertions,
omissions, substitutions, and other variations as are required or permitted by
the Indenture and this Supplemental Indenture, and with such letters, numbers,
or other marks of identification and such legends or endorsements placed thereon
as may be required to comply with the rules of any securities exchange or as
may, consistently herewith, be determined by the officers executing such
Securities, as evidenced by their execution of such Securities.
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[Form of Face of Security]
This Security is a Global Security within the meaning of the
Indenture hereinafter referred to and is registered in the name of a Depositary
or a nominee thereof. This Security may not be transferred to, or registered or
exchanged for Securities registered in the name of, any Person other than the
Depositary or a nominee thereof, and no such transfer may be registered, except
in the limited circumstances described in the Indenture. Every Security
authenticated and delivered upon registration of transfer of, or in exchange for
or in lieu of, this Security shall be a Global Security subject to the
foregoing, except in such limited circumstances.
FEDERATED DEPARTMENT STORES, INC.
6 5/8% SENIOR NOTE DUE 2011
No. R- $
Cusip No. 31410H AS0 ------------
FEDERATED DEPARTMENT STORES, INC., a corporation duly organized
and existing under the laws of the State of Delaware (hereinafter called the
"Company", which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede &
Co., or registered assigns, the principal sum of $__________ on April 1, 2011
and to pay interest thereon from March 27, 2001 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semiannually
on April 1 and October 1 of each year, commencing on October 1, 2001, at the
rate of 6 5/8% per annum, until the principal hereof is paid or made available
for payment. The interest so payable, and punctually paid or duly provided for,
on any Interest Payment Date shall, as provided in said Indenture, be paid to
the Person in whose name this Security (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 March 15 or September 15 (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for shall forthwith cease to be
payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Security (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 Securities of this series not less than 10 calendar days
prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on
which the Securities of this series may be listed, and upon such notice as may
be required by such exchange, all as more fully provided in said Indenture.
Subject, in the case of any Global Security, to any applicable
requirements of the Depositary, payment of the principal of and any such
interest on this Security shall be made at the office or agency of the Company
maintained for the purpose in New York, New York, 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 at the option of
the Company payment of interest may be made by check mailed to the address of
the Person entitled thereto as such address appears in the Security Register.
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REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS SET FORTH ON
THE REVERSE HEREOF. SUCH PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT
AS THOUGH FULLY SET FORTH IN THIS PLACE.
This Security shall not be valid or become obligatory for any
purpose until the certificate of authentication herein has been signed manually
by the Trustee under said Indenture.
IN WITNESS WHEREOF, this instrument has been duly executed in
accordance with the Indenture.
FEDERATED DEPARTMENT STORES, INC.
Date Issued: By:
-------------------------------
Attest:
By:
------------------------------
[Form of Reverse of Security]
FEDERATED DEPARTMENT STORES, INC.
This Security is one of a duly authorized issue of securities of
the Company (herein called the "Securities") issued and to be issued in one or
more series under an Indenture, dated as of September 10, 1997 (herein called
the "Indenture"), between the Company and Citibank, N.A. as Trustee (herein
called the "Trustee," which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights,
duties, and immunities thereunder of the Company, the Trustee, and the Holders
of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof, limited in aggregate principal amount to $500,000,000.
The Securities are redeemable in whole or in part, at the option
of the Company at any time and from time to time, on not less than 30 or more
than 60 days' prior notice mailed to the Holders of the Securities of this
series, at a Redemption Price equal to the greater of (i) 100% of the principal
amount of the Securities of this series to be redeemed and (ii) the sum of the
present values of the Remaining Scheduled Payments thereon discounted to the
Redemption Date on a semiannual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 35 basis points, together in
either case with accrued interest on the principal amount being redeemed to the
Redemption Date.
"Treasury Rate" means, with respect to any Redemption Date, the
rate per annum equal to the semiannual equivalent yield to maturity (computed as
of the second business day immediately preceding such Redemption Date) of the
Comparable Treasury Issue, assuming a
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price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such Redemption
Date.
"Comparable Treasury Issue" means the United States Treasury
security selected by an Independent Investment Banker that would be utilized, at
the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Securities of this series. "Independent Investment Banker"
means one of the Reference Treasury Dealers appointed by the Company.
"Comparable Treasury Price" means, with respect to any Redemption
Date, (i) the average of the bid and asked prices for the Comparable Treasury
Issue (expressed in each case as a percentage of its principal amount) on the
third business day preceding such Redemption Date, as set forth in the daily
statistical release (or any successor release) published by the Federal Reserve
Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S.
Government Securities" or (ii) if such release (or any successor release) is not
published or does not contain such prices on such business day, (a) the average
of the Reference Treasury Dealer Quotations for such Redemption Date, after
excluding the highest and lowest of such Reference Treasury Dealer Quotations,
or (b) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such Quotations. "Reference Treasury Dealer
Quotations" means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) quoted in writing to the Trustee by such Reference
Treasury Dealer as of 3:30 p.m., New York City time, on the third Business Day
preceding such Redemption Date.
"Reference Treasury Dealer" means each of Credit Suisse First
Boston Corporation, Banc of America Securities LLC, Chase Securities Inc.,
Xxxxxxx Xxxxx Xxxxxx Inc., Banc One Capital Markets, Inc., PNC Capital Markets,
Inc. and their respective successors and two other nationally recognized
investment banking firms that are Primary Treasury Dealers specified from time
to time by the Company; provided, however, that if any of the foregoing shall
cease to be a primary U.S. Government securities dealer in New York City (a
"Primary Treasury Dealer"), the Company shall designate as a substitute another
nationally recognized investment banking firm that is a Primary Treasury Dealer.
"Remaining Scheduled Payments" means, with respect to each
Security of this series to be redeemed, the remaining scheduled payments of the
principal thereof and interest thereon that would be due after the related
Redemption Date but for such redemption, except that, if such Redemption Date is
not an interest payment date with respect to such Security, the amount of the
next succeeding scheduled interest payment thereon will be reduced by the amount
of interest accrued thereon to such Redemption Date.
On and after any Redemption Date, interest will cease to accrue
on the Securities of this series or any portion thereof called for redemption.
On or prior to any Redemption Date, the Company shall deposit with a paying
agent money sufficient to pay the Redemption Price of and accrued interest on
the Securities of this series to be redeemed on such date. If less than all the
Securities of this series are to be redeemed, the Securities of this series to
be redeemed shall be selected by the Trustee by such method as the Trustee shall
deem fair and appropriate in
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accordance with methods generally used at the time of selection by fiduciaries
in similar circumstances.
The Indenture contains provisions for defeasance at any time of
(a) the entire indebtedness of this Security or (b) certain restrictive
covenants and Events of Default with respect to this Security, in each case upon
compliance with certain conditions set forth in the Indenture.
If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in
the Indenture.
The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of
each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of each series to be affected. The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this
Security.
As provided in and subject to the provisions of the Indenture,
the Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or
for any other remedy thereunder unless such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee
shall not have received from the Holders of a majority in principal amount of
Securities of this series at the time Outstanding a direction inconsistent with
such request and shall have failed to institute such proceeding for 60 calendar
days after receipt of such notice, request, and offer of indemnity. The
foregoing shall not apply to any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed herein.
No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Security at the times, place, and rate, and in the
coin or currency, herein prescribed.
As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Security is registerable in the Security
Register, upon surrender of this
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Security for registration of transfer at the office or agency of the Company in
any place where the principal of and any premium and interest on this Security
are payable, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, shall be
issued to the designated transferee or transferees.
The Securities of this series are issuable only in registered
form without coupons in denominations of $1,000 and integral multiples thereof.
As provided in the Indenture and subject to certain limitations therein set
forth, Securities of this series are exchangeable for a like aggregate principal
amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.
No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
Prior to due presentment of this Security for registration of
transfer, the Company, the Trustee, and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security shall be overdue, and
neither the Company, the Trustee, nor any such agent shall be affected by notice
to the contrary.
Unless this Security is presented by an authorized representative
of The Depository Trust Company, a New York corporation ("DTC"), to the Company
or its agent for registration of transfer, exchange, or payment, and any
Security issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co., or to such other entity as is requested by an authorized
representative of DTC) ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL because the registered owner hereof,
Cede & Co., has an interest herein.
All terms used in this Security that are defined in the Indenture
shall have the respective meanings assigned to them in the Indenture.
D. The Trustee's certificate of authentication shall be in
substantially the following form:
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TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series designated therein
referred to in the within-mentioned Indenture.
Dated:
--------------------------
CITIBANK, N.A., as Trustee
By:
--------------------------------
Authorized Officer
E. All acts and things necessary to make the Senior Notes, when the
Senior Notes have been executed by the Company and authenticated by the Trustee
and delivered as provided in the Indenture and this Supplemental Indenture, the
valid, binding, and legal obligations of the Company and to constitute these
presents a valid indenture and agreement according to its terms, have been done
and performed, and the execution and delivery by the Company of the Indenture
and this Supplemental Indenture and the issue hereunder of the Senior Notes have
in all respects been duly authorized; and the Company, in the exercise of legal
right and power in it vested, has executed and delivered the Indenture and is
executing and delivering this Supplemental Indenture and proposes to make,
execute, issue, and deliver the Senior Notes.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:
In order to declare the terms and conditions upon which the
Senior Notes are authenticated, issued, and delivered, and in consideration of
the premises and of the purchase and acceptance of the Senior Notes by the
Holders thereof, it is mutually agreed, for the equal and proportionate benefit
of the respective Holders from time to time of the Senior Notes, as follows:
ARTICLE I. ISSUANCE OF SENIOR NOTES.
Section 1.1. ISSUANCE OF SENIOR NOTES; PRINCIPAL AMOUNT; MATURITY.
(a) On March 27, 2001 the Company shall issue and deliver to the
Trustee, and the Trustee shall authenticate, Senior Notes substantially in the
form set forth above, in each case with such appropriate insertions, omissions,
substitutions, and other variations as are required or permitted by the
Indenture and this Supplemental Indenture, and with such letters, numbers, or
other marks of identification and such legends or endorsements placed thereon as
may be required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the officers executing such Senior
Notes, as evidenced by their execution of such Senior Notes.
(b) The Senior Notes shall be issued in the aggregate principal
amount of $500,000,000 and shall mature on April 1, 2011.
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Section 1.2. INTEREST ON THE SENIOR NOTES; PAYMENT OF INTEREST.
(a) The Senior Notes shall bear interest at the rate of 6 5/8%
per annum from March 27, 2001, except in the case of Senior Notes delivered
pursuant to Sections 2.05 or 2.07 of the Indenture, which shall bear interest
from the most recent Interest Payment Date to which interest has been paid or
duly provided for, until the principal thereof is paid or made available for
payment. Such interest shall be payable semiannually on April 1 and October 1 of
each year commencing October 1, 2001.
(b) The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name a Senior Note (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 March 15 or September 15 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date.
Any such interest not so punctually paid or duly provided for shall forthwith
cease to be payable to the Holder on such Regular Record Date and may either be
paid to the Person in whose name the Senior Note (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 the Senior Notes not less than 10 calendar
days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange
on which the Senior Notes may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in the Indenture.
(c) Subject, in the case of any Global Security, to any
applicable requirements of the Depositary, payment of the principal of (and
premium, if any) and any interest on the Senior Notes shall be made at the
office or agency of the Company maintained for the purpose in New York, New
York, 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 at the option of the Company payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address
appears in the Security Register.
Section 1.3. EXECUTION, AUTHENTICATION AND DELIVERY OF SECURITIES.
The Senior Notes will be executed (which signatures may be via
facsimile) on behalf of the Company by the Chairman or any Vice Chairman of the
Board of Directors, the Chief Executive Officer, the President, or any Vice
President of the Company and attested by the Treasurer, the Secretary, any
Assistant Treasurer or any Assistant Secretary of the Company.
ARTICLE II. CERTAIN DEFINITIONS.
Section 2.1. CERTAIN DEFINITIONS.
The terms defined in this Section 2.1 (except as herein otherwise
expressly provided or unless the context of this Supplemental Indenture
otherwise requires) for all purposes of this Supplemental Indenture and of any
indenture supplemental hereto have the respective meanings specified in this
Section 2.1. All accounting terms not otherwise defined herein have the meanings
assigned to them in accordance with GAAP. All other terms used in
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this Supplemental Indenture that are defined in the Indenture or the Trust
Indenture Act, either directly or by reference therein (except as herein
otherwise expressly provided or unless the context of this Supplemental
Indenture otherwise requires), have the respective meanings assigned to such
terms in the Indenture or the Trust Indenture Act, as the case may be, as in
force at the date of this Supplemental Indenture as originally executed.
"Bank Facilities" means the financing provided for by (a) the
364-Day Credit Agreement and (b) the Five-Year Credit Agreement, each dated as
of July 28, 1997 and each by and among the Company, certain financial
institutions, Citibank N.A., as administrative agent and paying agent, The Chase
Manhattan Bank, as administrative agent, Fleet National Bank (as successor in
interest to BankBoston, N.A.), as syndication agent, and Bank of America
National Trust & Savings Association, as documentation agent, as the same may be
amended, supplemented, or otherwise modified from time to time.
"Cash Equivalent" means: (a) obligations issued or
unconditionally guaranteed as to principal and interest by the United States of
America or by any agency or authority controlled or supervised by and acting as
an instrumentality of the United States of America; (b) obligations (including,
but not limited to, demand or time deposits, bankers' acceptances and
certificates of deposit) issued by a depository institution or trust company or
a wholly owned Subsidiary or branch office of any depository institution or
trust company, provided that (i) such depository institution or trust company
has, at the time of the Company's or any Restricted Subsidiary's Investment
therein or contractual commitment providing for such Investment, capital,
surplus, or undivided profits (as of the date of such institution's most
recently published financial statements) in excess of $100.0 million and (ii)
the commercial paper of such depository institution or trust company, at the
time of the Company's or any Restricted Subsidiary's Investment therein or
contractual commitment providing for such Investment, is rated at least A1 by
S&P or P-1 by Moody's; (c) debt obligations (including, but not limited to,
commercial paper and medium term notes) issued or unconditionally guaranteed as
to principal and interest by any corporation, state, or municipal government or
agency or instrumentality thereof, or foreign sovereignty, if the commercial
paper of such corporation, state, or municipal government or foreign
sovereignty, at the time of the Company's or any Restricted Subsidiary's
Investment therein or contractual commitment providing for such Investment, is
rated at least A1 by S&P or P-1 by Moody's; (d) repurchase obligations with a
term of not more than seven days for underlying securities of the type described
above entered into with a depository institution or trust company meeting the
qualifications described in clause (b) above; and (e) Investments in money
market or mutual funds that invest predominantly in Cash Equivalents of the type
described in clauses (a), (b), (c), and (d) above; provided, however, that, in
the case of clauses (a) through (c) above, each such Investment has a maturity
of one year or less from the date of acquisition thereof.
"Consolidated Net Tangible Assets" means total assets (less
depreciation and valuation reserves and other reserves and items deductible from
gross book value of specific asset accounts under GAAP) after deducting
therefrom (i) all current liabilities and (ii) all goodwill, trade names,
trademarks, patents, unamortized debt discount, organization expenses, and other
like intangibles, all as set forth on the most recent balance sheet of the
Company and its consolidated Subsidiaries and computed in accordance with GAAP.
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"Existing Indebtedness" means all Indebtedness under or evidenced
by: (a) the Senior Notes; (b) the Company's 7% Senior Debentures Due 2028; (c)
the Company's 6 1/8% Term Enhanced ReMarketable Securities(SM); (d) the
Company's 6.79% Senior Debentures Due 2027; (e) the Company's 8.125% Senior
Notes Due 2002; (f) the Company's 8 1/2% Senior Notes due 2003; (g) the
Company's 7.45% Senior Debentures due 2017; (h) the Company's 6.30% Senior Notes
Due 2009; (i) the Company's 6.90% Senior Notes Due 2029; (j) the Company's 8.5%
Senior Notes Due 2010; (k) Capital Lease Obligations of the Company and the
Restricted Subsidiaries existing on the date of issuance of the Senior Notes;
and (l) the other secured Indebtedness of the Company or secured or unsecured
Indebtedness of the Restricted Subsidiaries existing on the date of the issuance
of the Senior Notes.
"Investment" means, with respect to any Person, any direct or
indirect loan or other extension of credit or capital contribution to (by means
of any transfer of cash or other property to others or any payment for property
or services for the account or use of others), or any purchase or acquisition by
such Person of any capital stock, bonds, notes, debentures, or other securities
or evidences of Indebtedness issued by any other Person. The amount of any
Investment shall be the original cost thereof, plus the cost of all additions
thereto, without any adjustments for increases or decreases in value, write-ups,
write-downs, or write-offs with respect to such Investment.
"Lien" means any mortgage, deed of trust, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other),
security interest, or preference, priority, or other security agreement or
preferential arrangement of any kind or nature whatsoever intended to assure
payment of any Indebtedness or other obligation, including without limitation
any conditional sale, deferred purchase price, or other title retention
agreement, the interest of a lessor under a Capital Lease Obligation, any
financing lease having substantially the same economic effect as any of the
foregoing, and the filing, under the Uniform Commercial Code or comparable law
of any jurisdiction, of any financing statement naming the owner of the asset to
which such Lien relates as debtor.
"Moody's" means Xxxxx'x Investors Service, Inc. or any successor
to the rating agency business thereof.
"Notice" means, with respect to an Offer to Purchase, a written
notice stating:
(a) the Section of this Supplemental Indenture pursuant to which
such Offer to Purchase is being made;
(b) the applicable Purchase Amount (including, if less than all
the Senior Notes, the calculation thereof pursuant to the Section hereof
requiring such Offer to Purchase);
(c) the applicable Purchase Date;
(d) the purchase price to be paid by the Company for each $1,000
principal amount at maturity of Senior Notes accepted for payment (as specified
in this Supplemental Indenture);
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(e) that the Holder of any Senior Note may tender for purchase by
the Company all or any portion of such Senior Note equal to $1,000 principal
amount or any integral multiple thereof;
(f) the place or places where Senior Notes are to be surrendered
for tender pursuant to such Offer to Purchase;
(g) any Senior Note not tendered or tendered but not purchased by
the Company pursuant to such Offer to Purchase shall continue to accrue interest
as set forth in such Senior Note and this Supplemental Indenture;
(h) that on the Purchase Date the purchase price shall become due
and payable upon each Senior Note (or portion thereof) selected for purchase
pursuant to such Offer to Purchase and that interest thereon shall cease to
accrue on and after the Purchase Date;
(i) that each Holder electing to tender a Senior Note pursuant to
such Offer to Purchase shall be required to surrender such Senior Note at the
place or places specified in the Notice prior to the close of business on the
fifth Business Day prior to the Purchase Date (such Senior Note being, if the
Company or the Trustee so requires, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder thereof or its attorney duly authorized in
writing);
(j) that (i) if Senior Notes (or portions thereof) in an
aggregate principal amount less than or equal to the Purchase Amount are duly
tendered and not withdrawn pursuant to such Offer to Purchase, the Company shall
purchase all such Senior Notes and (ii) if Senior Notes in an aggregate
principal amount in excess of the Purchase Amount are duly tendered and not
withdrawn pursuant to such Offer to Purchase, (A) the Company shall purchase
Senior Notes having an aggregate principal amount equal to the Purchase Amount
and (B) the particular Senior Notes (or portions thereof) to be purchased shall
be selected by such method as the Trustee shall deem fair and appropriate and
which may provide for the selection for purchase of portions (equal to $1,000 or
an integral multiple of $1,000) of the principal amount of Senior Notes of a
denomination larger than $1,000;
(k) that, in the case of any Holder whose Senior Note is
purchased only in part, the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Senior Note without service
charge, a new Senior Note or Senior Note of any authorized denomination as
requested by such Holder in an aggregate principal amount equal to and in
exchange for the unpurchased portion of the Senior Note so tendered; and
(l) any other information required by applicable law to be
included therein.
"Offer to Purchase" means an offer to purchase Senior Notes
pursuant to and in accordance with a Notice, in the aggregate Purchase Amount,
on the Purchase Date, and at the purchase price specified in such Notice (as
determined pursuant to this Supplemental Indenture). Any Offer to Purchase shall
remain open from the time of mailing of the Notice until the Purchase Date, and
shall be governed by and effected in accordance with, and the Company and the
Trustee shall perform their respective obligations specified in, the Notice for
such Offer to Purchase.
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"Permitted Liens" means: (a) Liens (other than Liens on
inventory) securing (A) Existing Indebtedness; (B) Indebtedness under the Bank
Facilities in an aggregate principal amount at any one time not to exceed
$2,800.0 million, less (i) principal payments actually made by the Company on
any term loan facility under such Bank Facilities (other than principal payments
made in connection with or pursuant to a refinancing of the Bank Facilities in
compliance with clause (a)(I) below) and (ii) any amounts by which any revolving
credit facility commitments under the Bank Facilities are permanently reduced
(other than permanent reductions made in connection with or pursuant to a
refinancing of the Bank Facilities in compliance with clause (a)(I) below),
except that under no circumstances shall the total allowable indebtedness under
this clause (a)(B) be less than $1,250.0 million (subject to increase from and
after the date hereof at a rate, compounded annually, equal to 3% per annum) if
incurred for the purpose of providing the Company and its Subsidiaries with
working capital, including without limitation, bankers' acceptances, letters of
credit, and similar assurances of payment whether as part of the Bank Facilities
or otherwise; (C) Indebtedness existing as of the date of the initial issuance
of the Senior Notes of any Subsidiary of the Company engaged primarily in the
business of owning or leasing real property; (D) Indebtedness incurred for the
purpose of financing store construction and remodeling or other capital
expenditures; (E) Indebtedness in respect of the deferred purchase price of
property or arising under any conditional sale or other title retention
agreement; (F) Indebtedness of a Person acquired by the Company or a Subsidiary
of the Company at the time of such acquisition; (G) to the extent deemed to be
"Indebtedness," obligations under swap agreements, cap agreements, collar
agreements, insurance arrangements, or any other agreement or arrangement, in
each case designed to provide protection against fluctuations in interest rates,
the cost of currency or the cost of goods (other than inventory); (H) other
Indebtedness in outstanding amounts not to exceed, in the aggregate, the greater
of $750.0 million and 12.5% of Consolidated Net Tangible Assets of the Company
and the Restricted Subsidiaries at any particular time; and (I) Indebtedness
incurred in connection with any extension, renewal, refinancing, replacement, or
refunding (including successive extensions, renewals, refinancings,
replacements, or refundings), in whole or in part, of any Indebtedness of the
Company or the Restricted Subsidiaries; provided, however, that the principal
amount of the Indebtedness so incurred does not exceed the sum of the principal
amount of the Indebtedness so extended, renewed, refinanced, replaced, or
refunded, plus all interest accrued thereon and all related fees and expenses
(including any payments made in connection with procuring any required lender or
similar consents); (b) Liens incurred and pledges and deposits made in the
ordinary course of business in connection with liability insurance, workers'
compensation, unemployment insurance, old-age pensions, and other social
security benefits other than in respect of employee benefit plans subject to the
Employee Retirement Income Security Act of 1974, as amended; (c) Liens securing
performance, surety, and appeal bonds and other obligations of like nature
incurred in the ordinary course of business; (d) Liens on goods and documents
securing trade letters of credit; (e) Liens imposed by law, such as carriers',
warehousemen's, mechanics', materialmen's, and vendor's Liens, incurred in the
ordinary course of business and securing obligations which are not yet due or
which are being contested in good faith by appropriate proceedings; (f) Liens
securing the payment of taxes, assessments, and governmental charges or levies,
either (i) not delinquent or (ii) being contested in good faith by appropriate
legal or administrative proceedings and as to which adequate reserves shall have
been established on the books of the relevant Person in conformity with GAAP;
(g) zoning restrictions, easements, rights of way,
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reciprocal easement agreements, operating agreements, covenants, conditions, or
restrictions on the use of any parcel of property that are routinely granted in
real estate transactions or do not interfere in any material respect with the
ordinary conduct of the business of the Company and its Subsidiaries or the
value of such property for the purpose of such business; (h) Liens on property
existing at the time such property is acquired; (i) purchase money Liens upon or
in any property acquired or held in the ordinary course of business to secure
Indebtedness incurred solely for the purpose of financing the acquisition of
such property; (j) Liens on the assets of any Subsidiary of the Company at the
time such Subsidiary is acquired; (k) Liens with respect to obligations in
outstanding amounts not to exceed $100.0 million at any particular time and that
(i) are not incurred in connection with the borrowing of money or obtaining
advances or credit (other than trade credit in the ordinary course of business)
and (ii) do not in the aggregate interfere in any material respect with the
ordinary conduct of the business of the Company and its Subsidiaries; and (l)
without limiting the ability of the Company or any Restricted Subsidiary to
create, incur, assume, or suffer to exist any Lien otherwise permitted under any
of the foregoing clauses, any extension, renewal, or replacement, in whole or in
part, of any Lien described in the foregoing clauses; provided, however, that
any such extension, renewal, or replacement Lien is limited to the property or
assets covered by the Lien extended, renewed, or replaced or substitute property
or assets, the value of which is determined by the Board of Directors of the
Company to be not materially greater than the value of the property or assets
for which the substitute property or assets are substituted.
"Purchase Amount" means the aggregate outstanding principal
amount of the Senior Notes required to be offered to be purchased by the Company
pursuant to an Offer to Purchase.
"Purchase Date" means, with respect to any Offer to Purchase, a
date specified by the Company in such Offer to Purchase not less than 30
calendar days or more than 60 calendar days after the date of the mailing of the
Notice of such Offer to Purchase (or such other time period as is necessary for
the Offer to Purchase to remain open for a sufficient period of time to comply
with applicable securities laws).
"Restricted Subsidiary" means any Subsidiary of the Company other
than an Unrestricted Subsidiary.
"S&P" means Standard & Poor's Ratings Services, a division of The
XxXxxx-Xxxx Companies, Inc., or any successor to the rating agency business
thereof.
"Sale and Leaseback Transaction" means, with respect to any
Person, an arrangement with any bank, insurance company, or other lender or
investor or to which such lender or investor is a party providing for the
leasing pursuant to a Capital Lease by such Person or any Subsidiary of such
Person of any property or asset of such Person or such Subsidiary which has been
or is being sold or transferred by such Person or such Subsidiary to such lender
or investor or to any Person to whom funds have been or are to be advanced by
such lender or investor on the security of such property or asset.
"Senior Indebtedness" means any Indebtedness of the Company or
its Subsidiaries other than Subordinated Indebtedness.
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"Significant Subsidiary" means any Subsidiary that accounts for
(a) 10.0% or more of the total consolidated assets of the Company and its
Subsidiaries as of any date of determination or (b) 10.0% or more of the total
consolidated revenues of the Company and its Subsidiaries for the most recently
concluded fiscal quarter.
"Subordinated Indebtedness" means any Indebtedness of the Company
which is expressly subordinated in right of payment to the Senior Notes.
"Unrestricted Subsidiary" means (a) FDS Bank (formerly FDS
National Bank), FACS Group, Inc., Prime Credit Card Master Trust (to the extent
that it is deemed to be a Subsidiary of the Company), Prime Credit Card Master
Trust II (to the extent it is deemed to be a Subsidiary of the Company), Prime
Receivables Corporation, Prime II Receivables Corporation, Seven Hills Funding
Corporation, Ridge Capital Trust II (to the extent that it is deemed to be a
Subsidiary of the Company), Macy Financial, Inc., X.X. Xxxx Overseas Finance,
N.V., Macy Credit Corp., Macy's Data and Credit Services Corp., Fingerhut
Receivables, Inc., PCP Receivables Corp., Fingerhut Master Trust (to the extent
it is deemed to be a Subsidiary of the Company), Axsys National Bank, PCP Master
Trust (to the extent it is deemed to be a Subsidiary of the Company) and
Fingerhut Funding Co., (b) any Subsidiary of the Company the primary business of
which consists of, and is restricted by the charter, partnership agreement, or
similar organizational document of such Subsidiary to, financing operations on
behalf of the Company and its Subsidiaries, and/or purchasing accounts
receivable or direct or indirect interests therein, and/or making loans secured
by accounts receivable or direct or indirect interests therein (and business
related to the foregoing), or which is otherwise primarily engaged in, and
restricted by its charter, partnership agreement, or similar organizational
document to, the business of a finance company (and business related thereto),
which, in accordance with the provisions of this Supplemental Indenture, has
been designated by Board Resolution as an Unrestricted Subsidiary, in each case
unless and until any of the Subsidiaries of the Company referred to in the
foregoing clauses (a) and (b) is, in accordance with the provisions of this
Supplemental Indenture, designated by a Board Resolution as a Restricted
Subsidiary, and (c) any Subsidiary of the Company of which, in the case of a
corporation, more than 50% of the issued and outstanding capital stock having
ordinary voting power to elect a majority of the board of directors of such
corporation (irrespective of whether at the time capital stock of any other
class or classes of such corporation has or might have voting power upon the
occurrence of any contingency), or, in the case of any partnership or other
legal entity, more than 50% of the ordinary equity capital interests, is at the
time directly or indirectly owned or controlled by one or more Unrestricted
Subsidiaries and the primary business of which consists of, and is restricted by
the charter, partnership agreement, or similar organizational document of such
Subsidiary to, financing operations on behalf of the Company and its
Subsidiaries, and/or purchasing accounts receivable or direct or indirect
interests therein, and/or making loans secured by accounts receivable or direct
or indirect interests therein (and business related to the foregoing), or which
is otherwise primarily engaged in, and restricted by its charter, partnership
agreement or similar organizational document to, the business of a finance
company (and business related thereto).
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ARTICLE III. CERTAIN COVENANTS.
The following covenants shall be applicable to the Company for so
long as any of the Senior Notes are Outstanding. Nothing in this paragraph will,
however, affect the Company's rights or obligations under any other provision of
the Indenture or this Supplemental Indenture.
Section 3.1. LIENS.
The Company shall not, and shall not permit any Restricted
Subsidiary to, create, incur, assume, or suffer to exist any Liens upon any of
their respective assets, other than Permitted Liens, unless the Senior Notes are
secured by an equal and ratable Lien on the same assets.
Section 3.2. SALE AND LEASEBACK TRANSACTIONS.
The Company shall not, and shall not permit any Restricted
Subsidiary to, enter into any Sale and Leaseback Transaction unless the net cash
proceeds therefrom are applied as follows: to the extent that the aggregate
amount of net cash proceeds (net of all legal, title, and recording tax
expenses, commissions, and other fees and expenses incurred, and all federal,
state, provincial, foreign, and local or other taxes and reserves required to be
accrued as a liability, as a consequence of such Sale and Leaseback Transaction,
net of all payments made on any Indebtedness that is secured by the assets
subject to such Sale and Leaseback Transaction in accordance with the terms of
any Liens upon or with respect to such assets or which must by the terms of such
Lien, or in order to obtain a necessary consent to such Sale and Leaseback
Transaction or by applicable law be repaid out of the proceeds from such Sale
and Leaseback Transaction, and net of all distributions and other payments made
to minority interest holders in Subsidiaries or joint ventures as a result of
such Sale and Leaseback Transaction) from such Sale and Leaseback Transaction
that shall not have been reinvested in the business of the Company or its
Subsidiaries or used to reduce Senior Indebtedness of the Company or its
Subsidiaries within 12 months of the receipt of such proceeds (with Cash
Equivalents being deemed to be proceeds upon receipt of such Cash Equivalents
and cash payments under promissory notes secured by letters of credit or similar
assurances of payment issued by commercial banks of recognized standing being
deemed to be proceeds upon receipt of such payments) shall exceed $100.0 million
("Excess Sale Proceeds") from time to time, the Company shall offer to
repurchase pursuant to an Offer to Purchase Senior Notes with such Excess Sale
Proceeds (on a pro rata basis with any other Senior Indebtedness of the Company
or its Subsidiaries required by the terms of such Indebtedness to be repurchased
with such Excess Sale Proceeds, based on the principal amount of such Senior
Indebtedness required to be repurchased) at 100% of principal amount, plus
accrued and unpaid interest, and to pay related costs and expenses. Such Offer
to Purchase shall be made by mailing of a Notice to the Trustee and to each
Holder of Senior Notes at the address appearing in the Security Register, by
first class mail, postage prepaid, by the Company or, at the Company's request,
by the Trustee in the name and at the expense of the Company, on a date selected
by the Company not later than 12 months from the date such Offer to Purchase is
required to be made pursuant to the immediately preceding sentence. To the
extent that the aggregate purchase price for Senior Notes or other Senior
Indebtedness tendered pursuant to such offer to repurchase is less than the
aggregate purchase price offered in such offer, an amount of Excess Sale
Proceeds equal to such shortfall shall cease to be Excess Sale
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Proceeds and may thereafter be used for general corporate purposes. On the
Purchase Date, the Company shall (i) accept for payment Senior Notes or portions
thereof tendered pursuant to the Offer to Purchase in an aggregate principal
amount equal to the Purchase Amount (selected by such method as the Trustee
shall deem fair and appropriate and which may provide for the selection for
purchase of portions (equal to $1,000 or an integral multiple of $1,000) of the
principal amount of Senior Notes of a denomination larger than $1,000), (ii)
deposit with the Paying Agent money sufficient to pay the purchase price of all
Senior Notes or portions thereof so accepted, and (iii) deliver to the Trustee
Senior Notes so accepted. The Paying Agent shall promptly mail to the Holders of
Senior Notes so accepted payment in an amount equal to the purchase price, and
the Trustee shall promptly authenticate and mail to such Holders a new Senior
Note equal in principal amount to any unpurchased portion of each Senior Note
surrendered.
Election of the Offer to Purchase by a Holder of Senior Notes
shall (unless otherwise provided by law) be irrevocable. The payment of accrued
interest as part of any repurchase price on any Purchase Date shall be subject
to the right of Holders of record of Senior Notes on the relevant Regular Record
Date to receive interest due on an Interest Payment Date that is on or prior to
such Purchase Date.
If an Offer to Purchase Senior Notes is made, the Company shall
comply with all tender offer rules, including but not limited to Section 14(e)
under the Exchange Act and Rule 14e-1 thereunder, to the extent applicable to
such Offer to Purchase.
Section 3.3. PERMITTING UNRESTRICTED SUBSIDIARIES TO BECOME RESTRICTED
SUBSIDIARIES.
The Company shall not permit any Unrestricted Subsidiary to be
designated as a Restricted Subsidiary unless such Subsidiary is otherwise in
compliance with all provisions of the Indenture and this Supplemental Indenture
that apply to Restricted Subsidiaries.
Section 3.4. PAYMENT OFFICE.
The Company shall cause a Payment Office for the Senior Notes to
be maintained at all times in New York, New York.
ARTICLE IV. ADDITIONAL EVENTS OF DEFAULT.
Section 4.1. ADDITIONAL EVENTS OF DEFAULT.
In addition to the Events of Default set forth in the Indenture,
the term "Event of Default," whenever used in the Indenture or this Supplemental
Indenture with respect to the Senior Notes, means any one of the following
events (whatever the reason for such Event of Default and whether it may be
voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree, or order of any court or any order, rule, or regulation of any
administrative or governmental body):
(a) the failure to redeem the Senior Notes when required pursuant
to the terms and conditions thereof or to pay the repurchase price for Senior
Notes to be repurchased in accordance with Section 3.2 of this Supplemental
Indenture;
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(b) any nonpayment at maturity or other default under any
agreement or instrument relating to any other Indebtedness of the Company or any
Restricted Subsidiary (the unpaid principal amount of which is not less than
$100.0 million), and, in any such case, such default (i) continues beyond any
period of grace provided with respect thereto and (ii) results in such
Indebtedness becoming due prior to its stated maturity or occurs at the final
maturity of such Indebtedness; provided, however, that, subject to the
provisions of Section 9.01 and 8.08 of the Indenture, the Trustee shall not be
deemed to have knowledge of such nonpayment or other default unless either (1) a
Responsible Officer of the Trustee has actual knowledge of nonpayment or other
default or (2) the Trustee has received written notice thereof from the Company,
from any Holder, from the holder of any such Indebtedness or from the trustee
under the agreement or instrument, relating to such Indebtedness;
(c) the entry of one or more final judgments or orders for the
payment of money against the Company or any Restricted Subsidiary, which
judgments and orders create a liability of $100.0 million or more in excess of
insured amounts and have not been stayed (by appeal or otherwise), vacated,
discharged, or otherwise satisfied within 60 calendar days of the entry of such
judgments and orders; and
(d) Events of Default of the type and subject to the conditions
set forth in clauses (vi) and (vii) of Section 8.01(a) of the Indenture in
respect of any Significant Subsidiary or, in related events, any group of
Subsidiaries of the Company which, if considered in the aggregate, would be a
Significant Subsidiary of the Company.
ARTICLE V. DEFEASANCE.
Section 5.1. APPLICABILITY OF ARTICLE V OF THE INDENTURE.
(a) The Senior Notes shall be subject to Defeasance and Covenant
Defeasance as provided in Article V of the Indenture; provided, however, that no
Defeasance or Covenant Defeasance shall be effective unless and until:
(i) there shall have been delivered to the Trustee
the opinion of a nationally recognized independent public
accounting firm certifying the sufficiency of the amount of the
moneys, U.S. Government Obligations, or a combination thereof,
placed on deposit to pay, without regard to any reinvestment, the
principal of and any premium and interest on the Senior Notes on
the Stated Maturity thereof or on any earlier date on which the
Senior Notes shall be subject to redemption;
(ii) there shall have been delivered to the
Trustee the certificate of a Responsible Officer of the Company
certifying, on behalf of the Company, to the effect that such
Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under, any agreement to
which the Company is a party or violate any law to which the
Company is subject; and
(iii) No Event of Default or event that (after
notice or lapse of time or both) would become an Event of Default
shall have occurred and be continuing at the time of such deposit
or, with regard to any Event of Default or any such event
specified in Sections 8.01(a)(vi) and (vii), at any time on or
prior to the 124th calendar day after
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the date of such deposit (it being understood that this condition
shall not be deemed satisfied until after such 124th calendar
day).
(b) Upon the exercise of the option provided in
Section 5.01 of the Indenture to have Section 5.03 of the
Indenture applied to the Outstanding Senior Notes, in addition to
the obligations from which the Company shall be released
specified in the Indenture, the Company shall be released from
its obligations under Article III hereof.
ARTICLE VI. REDEMPTION OF SENIOR NOTES.
Section 6.1. RIGHT OF REDEMPTION.
The Senior Notes may be redeemed by the Company in
accordance with the provisions of the form of Senior Note set
forth herein.
ARTICLE VII. MISCELLANEOUS.
Section 7.1. REFERENCE TO AND EFFECT ON THE INDENTURE.
This Supplemental Indenture shall be construed as supplemental to
the Indenture and all the terms and conditions of this Supplemental Indenture
shall be deemed to be part of the terms and conditions of the Indenture. Except
as set forth herein, the Indenture heretofore executed and delivered is hereby
(i) incorporated by reference in this Supplemental Indenture and (ii) ratified,
approved and confirmed.
Section 7.2. WAIVER OF CERTAIN COVENANTS.
The Company may omit in any particular instance to comply with
any term, provision, or condition set forth in Article III hereof if the Holders
of a majority in principal amount of the Outstanding Senior Notes shall, by Act
of such Holders, either waive such compliance in such instance or generally
waive compliance with such term, provision or condition, but no such waiver
shall extend to or affect such term, provision, or condition except to the
extent so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such
term, provision, or condition shall remain in full force and effect.
Section 7.3. SUPPLEMENTAL INDENTURE MAY BE EXECUTED IN COUNTERPARTS.
This instrument may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together
constitute but one and the same instrument.
Section 7.4. EFFECT OF HEADINGS.
The Article and Section headings herein are for convenience only
and shall not affect the construction hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this
Supplemental Indenture to be duly executed, and their respective corporate seals
to be hereunto affixed and attested, all as of the day and year first above
written.
[Seal]
FEDERATED DEPARTMENT STORES, INC.
By:
----------------------------------
Name:
Title:
Attest:
----------------------------------
Name:
Title:
CITIBANK, N.A.,
as Trustee
By:
----------------------------------
Name:
Title:
Attest:
----------------------------------
Name:
Title:
22
STATE OF )
) ss.:
COUNTY OF )
On this ____ day of March, 2001, before me personally came
_______________, to me known, who, being by me duly sworn, did depose and say
that he/she is a _________________________ of FEDERATED DEPARTMENT STORES, INC.,
one of the entities described in and which executed the above instrument; that
he/she knows the seal of said entity; that the seal or a facsimile thereof
affixed to said instrument is such seal; that it was so affixed by authority of
the Board of Directors of said entity, and that he/she signed his/her name
thereto by like authority.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.
----------------------------------
Notary Public
23
STATE OF )
) ss.:
COUNTY OF )
On this ____ day of March, 2001, before me personally came
_______________, to me known, who, being by me duly sworn, did depose and say
that he/she is a ________________________ of CITIBANK, N.A., one of the entities
described in and which executed the above instrument; that he/she knows the seal
of said entity; that the seal or a facsimile thereof affixed to said instrument
is such seal; that it was so affixed by authority of the Board of Directors of
said entity, and that he/she signed his/her name thereto by like authority.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.
----------------------------------
Notary Public
