Contract
Exhibit
4.12
SUPPLEMENTAL
INDENTURE NO.
15
(this
“Supplement”),
dated
as of May 4, 2007 is entered into by and among CONSTELLATION BRANDS, INC.,
a
Delaware corporation (the “Company”),
XXXXXX SMO HOLDINGS LLC, a Delaware limited liability company, ALCOFI INC.,
a
New York corporation, and SPIRITS MARQUE ONE LLC, a Delaware limited liability
company (collectively, the “New
Guarantors”
and
each individually, a “New
Guarantor”),
and
BNY MIDWEST TRUST COMPANY (successor trustee to Xxxxxx Trust and Savings
Bank
and The Bank of New York, as applicable), as trustee (the “Trustee”).
RECITALS
OF THE COMPANY AND THE NEW GUARANTORS
WHEREAS,
the Company, the Guarantors and the Trustee have executed and delivered an
Indenture, dated as of February 25, 1999 (the “February
1999 Indenture”)
as
supplemented by a Supplemental Indenture No. 4 dated as of May 15, 2000 with
respect to the issuance by the Company of 8 1/2% Series C Senior Notes due
2009
(the “Fourth
Supplemental Indenture”);
a
Supplemental Indenture No. 7 dated as of January 23, 2002 with respect to
the
issuance by the Company of 8 1/8% Senior Subordinated Notes due 2012 in the
aggregate principal amount of $250,000,000 (the “Seventh
Supplemental Indenture”);
and
any other supplements and amendments thereto made prior to the date hereof
and
in effect on the date hereof (the February 1999 Indenture, the Fourth
Supplemental Indenture, the Seventh Supplemental Indenture and together with
such other supplements and amendments are collectively herein referred to
as the
“Indentures”);
WHEREAS,
the Guarantors guarantee, jointly and severally, the full and punctual payment
and performance when due of all Indenture Obligations;
WHEREAS,
pursuant to (i) Section 4.15 of the Fourth Supplemental Indenture and (ii)
Section 3.10 of the Seventh Supplemental Indenture, the New Guarantors are
obligated to enter into this Supplement thereby guaranteeing the punctual
payment and performance when due of all Indenture Obligations;
WHEREAS,
pursuant to (i) Section 8.01 of the Fourth Supplemental Indenture and (ii)
Section 11.1 of the Seventh Supplemental Indenture, the Company, the New
Guarantors and the Trustee may enter into this Supplement without the consent
of
any Holder;
WHEREAS,
the execution and delivery of this Supplement have been duly authorized by
Board
Resolutions of the respective Boards of Directors of the Company and New
Guarantors; and
WHEREAS,
all conditions and requirements necessary to make the Supplement valid and
binding upon the Company and the New Guarantors, and enforceable against
the
Company and New Guarantors in accordance with its terms, have been performed
and
fulfilled.
NOW,
THEREFORE, in consideration of the above premises, each of the parties hereto
agrees, for the benefit of the others and for the equal and proportionate
benefit of the Holders of the Securities, as follows:
ARTICLE
ONE
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2 -
THE
NEW GUARANTEE
Section
1.01. For
value
received, each New Guarantor hereby absolutely, unconditionally and irrevocably
guarantees (the “New Guarantee”), jointly and severally among itself and the
Guarantors, to the Trustee and the Holders, as if such New Guarantor was
the
principal debtor, the punctual payment and performance when due of all Indenture
Obligations (which for purposes of the New Guarantee shall also be deemed
to
include all commissions, fees, charges, costs and other expenses (including
reasonable legal fees and disbursements of one counsel) arising out of or
incurred by the Trustee or the Holders in connection with the enforcement
of
this New Guarantee). The agreements made and obligations assumed hereunder
by
each New Guarantor shall constitute and shall be deemed to constitute a
Guarantee under the Indentures and for all purposes of the Indentures, and
such
New Guarantor shall be considered a Guarantor for all purposes of the Indentures
as if such New Guarantor was originally named therein as a
Guarantor.
Section
1.02.
The
New
Guarantee shall be released upon the occurrence of the events as provided
in the
Indentures.
Section
1.03.
In
accordance with the terms of the Indentures, each New Guarantor hereby waives
all rights of subrogation or contribution arising by reason of any payment
by it
pursuant to its Guarantee under the Indentures.
ARTICLE
TWO
MISCELLANEOUS
Section
2.01. Except
as
otherwise expressly provided or unless the context otherwise requires, all
terms
used herein which are defined in the Indentures shall have the meanings assigned
to them in the Indentures. Except as supplemented hereby, the Indentures
(including the Guarantees incorporated therein) and the notes issued pursuant
thereto are in all respects ratified and confirmed and all the terms and
provisions thereof shall remain in full force and effect.
Section
2.02. This
Supplement shall be effective as of the close of business on May 4,
2007.
Section
2.03. The
recitals contained herein shall be taken as the statements of the Company
and
the New Guarantors, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this Supplement.
Section
2.04. This
Supplement shall be governed by and construed in accordance with the laws
of the
jurisdiction which govern the Indentures and their construction.
Section
2.05. This
Supplement 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.
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IN
WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly
executed and attested all as of the day and year first above
written.
By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Senior
Vice President and Treasurer
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Attest:
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/s/
Xxxxxxx X. XxXxxxx
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Name:
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Xxxxxxx
X. XxXxxxx
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Title:
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Vice
President and
Associate
General Counsel
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XXXXXX
SMO HOLDINGS LLC
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Vice
President
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Attest:
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/s/
Xxxxxxx X. XxXxxxx
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Name:
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Xxxxxxx
X. XxXxxxx
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Title:
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Assistant
Secretary
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ALCOFI
INC.
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Vice
President
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Attest:
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/s/
Xxxxxxx X. XxXxxxx
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Name:
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Xxxxxxx
X. XxXxxxx
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Title:
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Assistant
Secretary
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SPIRITS
MARQUE ONE LLC
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Vice
President
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Attest:
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/s/
Xxxxxxx X. XxXxxxx
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Name:
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Xxxxxxx
X. XxXxxxx
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Title:
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Assistant
Secretary
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BNY
MIDWEST TRUST COMPANY
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By:
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/s/
X.X. Xxxxxxx
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Name:
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X.X.
Xxxxxxx
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Title:
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Vice
President
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Attest:
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/s/
X. Xxxxxxxx
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Name:
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X.
Xxxxxxxx
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Title:
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Vice
President
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