Exhibit 4(d)(ii)
FIRST SUPPLEMENTAL INDENTURE
THIS FIRST SUPPLEMENTAL INDENTURE (the "First Supplemental
Indenture") is made as of the 15th day of December, 1997, by and between
Wachovia Corporation, a North Carolina corporation ("Wachovia"), and The Chase
Manhattan Bank, a New York banking corporation, as trustee (the "Trustee").
RECITALS
WHEREAS, Central Fidelity Banks, Inc., a Virginia corporation
("Central Fidelity"), and the Trustee heretofore executed and delivered an
Indenture, dated as of November 25, 1992, (the "Indenture");
WHEREAS, pursuant to the Indenture, Central Fidelity issued
and the Trustee authenticated and delivered $150,000,000 aggregate principal
amount of Subordinated Debt Securities due 2002 (the "Securities");
WHEREAS, effective on December 15, 1997, a wholly owned
subsidiary of Wachovia merged with and into Central Fidelity and Central
Fidelity then merged with and into Wachovia (the latter merger being referred to
herein as the "Merger"), pursuant to the Agreement and Plan of Merger, dated as
of June 23, 1997, by Wachovia and Central Fidelity; and
WHEREAS, Section 10.01 of the Indenture provides that Central
Fidelity will not merge with any other person in a transaction in which Central
Fidelity is not the survivor unless, among other things, the surviving
corporation expressly assumes the due and punctual payment of the principal of
and interest on all the Securities and the performance of every covenant and
every obligation of the Indenture on the part of Central Fidelity to be
performed.
NOW, THEREFORE, Wachovia hereby covenants and agrees with the
Trustee as follows:
SECTION I. Assumption. Wachovia, as surviving corporation in
the Merger, hereby assumes the due and punctual payment of the principal of and
interest on all the Securities and the performance of every covenant and every
obligation of the Indenture on the part of Central Fidelity to be performed.
SECTION II. Effect of First Supplemental Indenture. Upon the
execution of this First Supplemental Indenture by Wachovia and the Trustee, the
Indenture shall be modified in accordance herewith, and this First Supplemental
Indenture shall form a part
of the Indenture for all purposes, and every holder of Securities heretofore or
hereafter authenticated and delivered under the Indenture shall be bound hereby.
SECTION III. Indenture Remains in Full Force and Effect.
Except as supplemented hereby, all provisions in the Indenture shall remain in
full force and effect.
SECTION IV. Indenture and First Supplemental Indenture
Construed Together. This First Supplemental Indenture is an indenture
supplemental to and in implementation of the Indenture, and the Indenture and
this First Supplemental Indenture shall henceforth be read and construed
together.
SECTION V. Confirmation and Preservation of Indenture. The
Indenture as supplemented by this First Supplemental Indenture is in all
respects confirmed and preserved.
SECTION VI. Conflict with Trust Indenture Act. If and to the
extent that any provision of this First Supplemental Indenture limits, qualifies
or conflicts with the duties imposed by any of Sections 310 to 317, inclusive,
of the Trust Indenture Act, such imposed duties shall control.
SECTION VIII. Separability Clause. In case any provision in
this First Supplemental Indenture shall be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.
SECTION IX. Terms Defined in the Indenture. All capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in
the Indenture.
SECTION X. Effect of Headings. The Article and Section
headings herein are for convenience only and shall not affect the construction
hereof.
SECTION XI. Benefits of First Supplemental Indenture. Nothing
in this First Supplemental Indenture, express or implied, shall give to any
Person, other than the parties hereto, any Paying Agent and their successors and
assigns, the holders of Senior Debt and the Holders of the Securities, any
benefit or any legal or equitable right, remedy or claim under this First
Supplemental Indenture.
SECTION XII. Successors and Assigns. All covenants and
agreements in this First Supplemental Indenture by Wachovia shall bind its
successors and assigns, whether so expressed or not.
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SECTION XIII. Governing Law. This First Supplemental Indenture
shall be deemed to be a contract under the laws of the State of New York,
without regard to principles of conflicts of laws.
SECTION XIV. Recitals. The recitals contained in this First
Supplemental Indenture shall be taken as the statements of Wachovia, and the
Trustee assumes no responsibility for their correctness and makes no
representations as to the validity or sufficiency of this First Supplemental
Indenture.
SECTION XV. Counterparts. This First Supplemental Indenture
may be executed in any number of counterparts, each of which is an original;
but all such counterparts shall together constitute but one and the same
instrument.
IN WITNESS WHEREOF, the parties hereto have caused this First
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.
WACHOVIA CORPORATION
By: /s/ X. X. Xxxxx, Xx.
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Name: X. X. Xxxxx, Xx.
Title: President and Chief Executive Officer
Attest:
/s/ Xxxxx Xxxxxxxxxx Xxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxxxx Xxxxxx
Title: Secretary
THE CHASE MANHATTAN BANK, as Trustee
By:
--------------------------------
Name:
Title:
---------------------------------
Name:
Title:
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SECTION XIII. Governing Law. This First Supplemental Indenture
shall be deemed to be a contract under the laws of the State of New York,
without regard to principles of conflicts of laws.
SECTION XIV. Recitals. The recitals contained in this First
Supplemental Indenture shall be taken as the statements of Wachovia, and the
Trustee assumes no responsibility for their correctness and makes no
representations as to the validity or sufficiency of this First Supplemental
Indenture.
SECTION XV. Counterparts. This First Supplemental Indenture
may be executed in any number of counterparts, each of which is an original;
but all such counterparts shall together constitute but one and the same
instrument.
IN WITNESS WHEREOF, the parties hereto have caused this First
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.
WACHOVIA CORPORATION
By:
------------------------------
Name:
Title:
Attest:
---------------------------------
Name:
Title:
THE CHASE MANHATTAN BANK, as Trustee
By: /s/ Xxxxxxxx Xxxxxxxx
--------------------------------
Name: Xxxxxxxx Xxxxxxxx
Title:
/s/ Xxxxx Xxxxxx
---------------------------------
Name: Xxxxx Xxxxxx
Title: Trust Officer
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