ASSUMPTION AGREEMENT
Exhibit 4.27
Execution Version
This Assumption Agreement dated as of February 15, 2017 (this “Assumption Agreement”), is made by XxXxxxxxx (Amazon Chartering), Inc., a Panamanian corporation (the “Additional Grantor”), in favor of Xxxxx Fargo Bank, National Association, as collateral agent (in such capacity and together with its successors in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Second Lien Pledge and Security Agreement (as defined below)).
WHEREAS, XxXxxxxxx International, Inc., a Panamanian corporation (the “Issuer”) entered into the Indenture dated April 16, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), with the Guarantors, the Collateral Agent and Xxxxx Fargo Bank, National Association, as Trustee. Terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture.
WHEREAS, in connection with the Indenture, the Issuer and certain of its Subsidiaries (other than the Additional Grantor) have entered into the Second Lien Pledge and Security Agreement dated as of April 16, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Second Lien Pledge and Security Agreement”), in favor of the Collateral Agent for the ratable benefit of the Secured Parties;
WHEREAS, the Indenture requires the Additional Grantor to become a party to the Second Lien Pledge and Security Agreement as a Grantor (as defined in the Second Lien Pledge and Security Agreement) thereunder; and
WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Second Lien Pledge and Security Agreement as a Grantor thereunder;
NOW, THEREFORE, IT IS AGREED:
(i) Second Lien Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Second Lien Pledge and Security Agreement, hereby becomes a party to the Second Lien Pledge and Security Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor. In accordance with the terms of the Second Lien Pledge and Security Agreement and without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor under the Second Lien Pledge and Security Agreement; and (b) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Second Lien Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s Notes Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 and 4.7 to the Second Lien Pledge and Security Agreement. The Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Second Lien Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.
(ii) GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO ITS CONFLICTS OF LAWS PROVISIONS.
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33649577
IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.
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XXXXXXXXX (AMAZON CHARTERING), INC. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
Signature Page to
Assumption Agreement (Second Lien)
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J. XXX XXXXXXXXX, S.A. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Vice President, Treasurer |
Signature Page to
Assumption Agreement (Second Lien)
Supplemental Schedules
(See Attached.)
33649577
TO PLEDGE AND SECURITY AGREEMENT
PERFECTED FIRST PRIORITY LIENS
UCC Filings
A UCC1 Financing Statement listing the Additional Grantor, as debtor, and the Collateral Agent, as secured party, should be filed in the governmental office set forth below. The UCC1 Financing Statement will need to include a description of the Collateral that complies with Section 9-504 of the Uniform Commercial Code.
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Grantor |
Jurisdiction of Filing |
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XxXxxxxxx (Amazon Chartering), Inc. |
Texas Secretary of State Washington, D.C. Recorder of Deeds |
33649577
SCHEDULE 4.4
TO PLEDGE AND SECURITY AGREEMENT
Name; Jurisdiction of Organization, etc.
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Exact Legal Name of Grantor |
Type of Organization |
Jurisdiction of Organization |
Organizational Identification Number |
Chief Executive Office |
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XxXxxxxxx (Amazon Chartering), Inc. |
Corporation
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Panama
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155643161-2-2017
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000 X. Xxxxxxxx Xxxxxxx Xxxxxxx, Xxxxx 00000 |
Prior Names during last 5 years:
None.
Prior Addresses during last 5 years:
None.
33649577
SCHEDULE 4.7
TO PLEDGE AND SECURITY AGREEMENT
investment PROPERTY
Pledged Stock:
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Grantor |
Issuer |
Type of Organization |
# of Shares Owned |
Total Shares Outstanding |
% of Interest Pledged |
Certificate No. |
Par Value |
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J. Xxx XxXxxxxxx, X.X. |
XxXxxxxxx (Amazon Chartering), Inc. |
Corporation |
1,000 shares |
1,000 shares |
100% |
1 |
US$1.00 |
Pledged Trust Interests:
None.
Pledged Notes:
None.
Pledged Commodities Contracts:
None.
33649577
