Exhibit 3.1
COMSAT CORPORATION,
Issuer
FIRST SUPPLEMENTAL INDENTURE
Dated as of August 3, 2000
Supplement to Indenture
Dated as of July 18, 1995
BANK ONE TRUST COMPANY, N.A.,
Trustee
THIS FIRST SUPPLEMENTAL INDENTURE, dated as of August 3, 2000, between
COMSAT CORPORATION (formerly known as Deneb (D.C.) Corporation), a District of
Columbia corporation (the "Corporation"), and BANK ONE TRUST COMPANY, N.A. ( as
successor in interest to The First National Bank of Chicago), a national banking
association duly organized and existing under the laws of the United States of
America, as Trustee (the "Trustee").
R E C I T A L S
WHEREAS, COMSAT CORPORATION, a District of Columbia corporation ("COMSAT")
and the Trustee entered into an Indenture dated as of July 18, 1995 (the
"Indenture"), providing for the issuance by COMSAT of its securities (the
"Securities");
WHEREAS, pursuant to the terms of the Indenture, COMSAT guaranteed to each
Holder of a Security and to the Trustee, the due and punctual payment of the
principal of and interest, if any, on such Security, when and as the same shall
become due and payable, whether by declaration thereof or otherwise in
accordance with the terms of such Security and of the Indenture;
WHEREAS, pursuant to an Agreement and Plan of Merger dated as of September
18, 1998, among Lockheed Xxxxxx Corporation, the Corporation and COMSAT, on
August 3, 2000, COMSAT merged with and into the Corporation whereby the
existence of COMSAT ceased and the Corporation continued as the surviving
corporation under the name of the Corporation;
WHEREAS, Section 901 of the Indenture provides that the Corporation and the
Trustee may enter into a supplemental indenture without the consent of any
Holders to evidence the succession of the Corporation to COMSAT and the
assumption by the Corporation of the covenants of COMSAT contained in the
Indenture and the Securities;
WHEREAS, the execution and delivery of this First Supplemental Indenture
have been duly authorized by a Board Resolution, and the Corporation has
requested the Trustee to join with it in the execution of this First
Supplemental Indenture; and
WHEREAS, the Corporation and the Trustee have done all things necessary
under the Indenture to enter into this First Supplemental Indenture;
NOW, THEREFORE, in consideration of these premises, it is mutually
covenanted and agreed for the equal and proportionate benefit of all Holders of
Securities as follows:
ARTICLE I
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Assumption
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Section 1.01. The Corporation hereby expressly assumes the due and
punctual
payment of the principal of and interest on the Securities, according to their
tenor, and the due and punctual performance and observance of all the covenants
and conditions of this Indenture with respect to the Securities to be kept or
performed by the Corporation.
Section 1.02. Upon the assumption of obligations set forth in Section
1.01, the Corporation succeeds to, and is substituted for, and may exercise
every right and power of, COMSAT under this Indenture with the same effect as if
the Corporation had been named therein.
ARTICLE II
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Endorsement and Change of Form of Securities
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Section 2.01. Securities authenticated and delivered after the execution
of this First Supplemental Indenture may bear a notation in form approved by the
Corporation, provided such form meets the requirements of any exchange upon
which the Securities may be listed, as to any matter provided for in this First
Supplemental Indenture.
Section 2.02. If the Corporation shall so determine, new Securities so
modified as to conform, in the opinion of the Board of Directors of the
Corporation, to the modification of the Indenture contained in this First
Supplemental Indenture may be prepared and executed by the Corporation and
authenticated and delivered by the Trustee in exchange for the Outstanding
Securities.
Section 2.03. Anything herein to the contrary notwithstanding, the Trustee
shall not at any time be under any responsibility either to require or cause any
Security now or hereafter outstanding to be either presented to or delivered to
it for any purpose provided for in this Article II or for the legal consequences
of the failure of any Holder so to present or deliver the same.
ARTICLE III
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Miscellaneous
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Section 3.01. Except as hereby expressly modified, the Indenture and the
Securities issued thereunder are in all respects ratified and confirmed and all
the terms, conditions and provisions thereof shall remain in full force and
effect.
Section 3.02. The Trustee shall have no responsibility for the recitals in
this First Supplemental Indenture or for the validity or the sufficiency of this
First Supplemental Indenture. The Trustee accepts the trust created by this
First Supplemental Indenture upon the terms and subject to the conditions of the
Indenture.
Section 3.03. Any notices or demands hereafter required or permitted by
the Indenture to be given to or served upon the Corporation shall be given to or
served upon the Corporation at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxx 00000,
Attention:
Treasurer, with a required copy to Lockheed Xxxxxx Corporation, 0000 Xxxxxxxxx
Xxxxx, Xxxxxxxx, Xxxxxxxx 00000, Attention: Treasurer.
Section 3.04. Capitalized terms used herein which are not defined herein
shall have the meanings specified in the Indenture.
Section 3.05. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same instrument.
Section 3.06. This First Supplemental Indenture shall be governed by and
construed in accordance with the laws of the State of Maryland.
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IN WITNESS WHEREOF, the parties have caused this First Supplemental
Indenture to be duly executed, and the Corporation and the Trustee have caused
their respective corporate seals to be thereunto affixed and attested, all as of
the day and year first above written.
ATTEST: COMSAT CORPORATION,
a District of Columbia corporation
/s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx Xxxx X. Xxxxxxxx
Secretary Vice President and
Chief Financial Officer
ATTEST: BANK ONE TRUST COMPANY, N.A.,
as Trustee
/s/ Xxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxx
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Xxxx Xxxxxx Xxxxxxx X. Xxxxxx
Vice President and Vice President
Assistant Secretary
