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EXHIBIT 4.7
__________________________________________________
SECOND SUPPLEMENTAL INDENTURE
FROM
MARKS BROS. JEWELERS, INC.
TO
NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION,
TRUSTEE
____________________
DATED AS OF DECEMBER 19, 1997
____________________
SUPPLEMENTAL TO INDENTURE
DATED AS OF APRIL 15, 1996, AS SUPPLEMENTED
BY THE FIRST SUPPLEMENTAL INDENTURE
DATED AS OF SEPTEMBER 10, 1996
______________________________________________
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MARKS BROS. JEWELERS, INC..
SECOND SUPPLEMENTAL INDENTURE
DATED AS OF DECEMBER 19, 1997
Second Supplemental Indenture, dated as of 12:00 p.m., December 19, 1997,
between MARKS BROS. JEWELERS, INC., a corporation organized and existing under
the laws of the State of Delaware (the "Company"), and NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION, a national banking corporation, as trustee (the
"Trustee").
W I T N E S S E T H:
WHEREAS, there have heretofore been authenticated and delivered by the
Trustee under the Indenture dated as of April 15, 1996 (as supplemented by the
First Supplemental Indenture dated as of September 10, 1996, the "Indenture")
between the Company and the Trustee, $12,000,000 aggregate principal amount of
12.15% Series C Senior Subordinated Notes due 2004 (the "Notes"); and
WHEREAS, Section 902 of the Indenture provides, among other things, that
the Company may, with the consent of the Holders of not less than a majority in
principal amount of the Outstanding Notes, amend certain covenants set forth in
the Indenture; and
WHEREAS, the Holders of at least a majority in principal amount of the
Outstanding Notes on the date of this Second Supplemental Indenture have
consented to the amendments to the Indenture as set forth in Article Two
hereof; and
WHEREAS, the Company and the Trustees desire to modify the Indenture as
and to the extent set forth in Article Two hereof; and
WHEREAS, the terms and provisions of this Second Supplemental Indenture
and the execution thereof by the Company have been duly authorized; and
WHEREAS, all acts and things prescribed by law and by the Restated
Certificate of Incorporation and by-laws, as amended, of the Company and by the
Indenture have been duly complied with and the Company has executed this Second
Supplemental Indenture in the exercise of legal rights and powers vested in it,
and all things necessary to make this Second Supplemental Indenture the valid
and binding obligation of the Company and a valid and binding agreement
supplemental to the Indenture have been done and performed;
NOW, THEREFORE, for and in consideration of the premises, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders
of Notes, as follows:
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ARTICLE ONE
RELATION TO INDENTURE; DEFINITIONS.
SECTION 1.01. This Second Supplemental Indenture constitutes an integral
part of the Indenture and shall be construed in connection with and as a part
of the Indenture.
SECTION 1.02. For all purposes of this Second Supplemental Indenture:
(1) Capitalized terms used herein without definition shall have the
meanings specified in the Indenture;
(2) All references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this
Second Supplemental Indenture;
(3) The terms "hereof", "herein", "hereby", "hereto", "hereunder", and
"herewith" refer to this Second Supplemental Indenture.
ARTICLE TWO
AMENDMENTS TO THE INDENTURE
SECTION 2.01. From and after the Acceptance Date (as defined herein),
Article Eight of the Indenture is hereby amended by:
(a) Amending subparagraph (ii) of Section 801(a) by deleting it in its
entirety and inserting in lieu thereof the following:
"(ii) immediately before and immediately after giving effect to such
transaction or series of transactions, no Default or Event of Default
shall have occurred and be continuing;"
and
(b) Deleting subparagraph (iii) of Section 801(a).
SECTION 2.02. From and after the Acceptance Date, Article Ten of the
Indenture is hereby amended by deleting in its entirety the text of each of the
following Sections of the Indenture and by inserting in its place
"[Intentionally omitted]":
(a) SECTION 1010 Limitation on Consolidated Funded Debt.
(b) SECTION 1011 Limitation on Restricted Payments.
(c) SECTION 1012 Limitation on Liens.
(d) SECTION 1013 Limitation on Issuance and Sale of Capital Stock By
Restricted Subsidiaries.
(e) SECTION 1014 Limitation on Transactions with Affiliates.
(f) SECTION 1015 Limitation on Dividend and Other Payment Restrictions
Affecting Restricted Subsidiaries.
(g) SECTION 1016 Restriction on Transfer of Assets.
(h) SECTION 1017 Limitation on Certain Other Subordinated
Indebtedness.
(i) SECTION 1019 Consolidated Tangible Net Worth.
(j) SECTION 1020 Fixed Charge Coverage Ratio.
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SECTION 2.03. From and after the Acceptance Date, Article Five of the
Indenture is hereby amended by deleting the text of each of paragraphs (5) and
(6) of Section 501 and inserting in lieu thereof "[Intentionally omitted]".
ARTICLE THREE
EFFECT OF AMENDMENTS TO THE INDENTURE
This Second Supplemental Indenture shall take effect and be binding upon
execution and delivery by the parties hereto; provided, however, that the
provisions of Article Two hereof will not take effect, the provisions of
Article Five, Article Eight and Article Ten of the Indenture referred to in
Article Two hereof (such provisions being referred to as the "Amended
Provisions") will remain in effect in the form they existed prior to the
execution of this Second Supplemental Indenture, the deletions and amendments
of the Amended Provisions contemplated in Article Two above will not become
operative, and the terms of the Amended Provisions will not be amended,
modified, waived, or deleted, in each case until the date and time (the
"Acceptance Date") that the Company accepts for payment pursuant to the
Company's Offer to Purchase and Consent Solicitation dated November 14, 1997,
as the same may be further amended and supplemented through the date hereof, at
least a majority of the aggregate principal amount of the Notes that are
Outstanding immediately prior to such acceptance. Upon the Acceptance Date,
Article Five, Article Eight and Article Ten of the Indenture will be
automatically amended as contemplated by Article Two above.
Any good faith determination by the Company concerning any conditions of
the Company's offer to purchase for cash all of the Outstanding Notes, or the
satisfaction thereof, and any waiver by the Company of any such conditions
shall be conclusive and binding upon all persons.
ARTICLE FOUR
MISCELLANEOUS
SECTION 4.01. (a) If any provision of this Second Supplemental Indenture
limits, qualifies or conflicts with another provision of the Indenture required
to be included in indentures qualified under the Trust Indenture Act of 1939
(as in effect on the date of this Second Supplemental Indenture) by any of the
provisions of Sections 310 to 317, inclusive, of said Act, such required
provisions shall control.
(b) In case any one or more of the provisions contained in this Second
Supplemental Indenture should be invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions
contained herein and in the Indenture shall not in any way be affected,
impaired, prejudiced or disturbed thereby.
SECTION 4.02. Whenever in this Second Supplemental Indenture any of the
parties hereto are named or referred to, this shall be deemed to include the
successors or assigns of such party, and all of the covenants and agreements in
this Second Supplemental Indenture or in the Indenture contained by or on
behalf of the Company or by or on behalf of the Trustee shall bind and inure to
the benefit of the respective successors and assigns of such parties, whether
so expressed or not.
SECTION 4.03. This Second Supplemental Indenture may be simultaneously
executed in several counterparts, and all said counterparts executed and
delivered, each as an original, shall constitute but one and the same
instrument.
SECTION 4.04. Except as specifically amended or supplemented by this
Second Supplemental Indenture, all of the provisions of the Indenture shall
remain and continue in full force and effect and unaffected by the execution of
this Second Supplemental Indenture.
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IN WITNESS WHEREOF, the parties hereto have caused this Second
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 written
above.
MARKS BROS. JEWELERS, INC.
By:
[CORPORATE SEAL] Name: Xxxx X. Xxxxxxxxxx
Title: Executive Vice President, Finance
& Administration, Treasurer and
Secretary
Attest:
____________________________
Name: Xxxx Xxxxxxx
Title: Assistant Secretary
NORWEST BANK MINNESOTA, NATIONAL
ASSOCIATION, as Trustee
By:
______________________________
Name:
Title:
[CORPORATE SEAL]
Attest:
____________________________
Name:
Title:
