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EXHIBIT 4.7
THIRD SUPPLEMENTAL INDENTURE TO THE 1996 INDENTURE
THIRD SUPPLEMENTAL INDENTURE, dated as of January 22, 1998 (the "Third
Supplemental Indenture"), to the 1996 Indenture (as defined below), among
OUTDOOR SYSTEMS, INC., a Delaware corporation (the "Company"), the Guarantors
(as defined in the 1996 Indenture), the subsidiary of the Company listed on
Schedule A annexed hereto (the "Additional Guarantor") and THE BANK OF NEW YORK,
a New York banking corporation, as trustee (together with any successor trustee
appointed in accordance with the terms of the 1996 Indenture, the "Trustee").
W I T N E S S E T H:
WHEREAS, the Company has issued its 9-3/8% Senior Subordinated Notes
due 2006 (the "Securities") in the aggregate principal amount of $250,000,000
under and pursuant to the Indenture, dated as of October 15, 1996 among the
Company, the Guarantors named therein and the Trustee, as amended and
supplemented by the First Supplemental Indenture, dated as of June 23, 1997 by
and among the Company, the Guarantors named therein, the Additional Guarantors
named therein and the Trustee and the Second Supplemental Indenture, dated as of
September 30, 1997 by and among the Company, the Guarantors named therein, the
Additional Guarantors named therein and the Trustee (the "1996 Indenture"); and
WHEREAS, the Additional Guarantor has become a Restricted Subsidiary
and pursuant to Section 4.21 of the 1996 Indenture is obligated to enter into
this Third Supplemental Indenture, and thereby become a Guarantor (as defined in
the 1996 Indenture) as provided in Article X of the 1996 Indenture; and
WHEREAS, pursuant to Section 8.01(4) of the 1996 Indenture, the
Company, the Guarantors, the Additional Guarantor and the Trustee may enter into
this Third Supplemental Indenture without the consent of any Holder; and
WHEREAS, all consents and notices required to be obtained and given as
conditions to the execution of this Third Supplemental Indenture pursuant to the
1996 Indenture and all other documents relating to the Securities have been
obtained and given;
NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants and agreements hereinafter set forth, the parties hereto agree as
follows:
ARTICLE I.
AUTHORIZATION; DEFINITIONS
Section 1.01. Third Supplemental Indenture. This Third Supplemental
Indenture is supplemental to, and is entered into in accordance with Section
8.01 of, the 1996 Indenture, and except as modified, amended and supplemented by
this Third Supplemental Indenture, the provisions of the 1996 Indenture are in
all respects ratified and confirmed and shall remain in full force and effect.
Section 1.02. Definitions. Unless the context shall otherwise require,
all terms which are defined in Section 1.01 of the 1996 Indenture shall have the
same meanings, respectively, in this Third Supplemental Indenture as such terms
are given in said Section 1.01 of the 1996 Indenture.
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ARTICLE II.
ADDITIONAL GUARANTOR
Section 2.01. Additional Guarantor. Pursuant to Section 10.04 of the
1996 Indenture, the Additional Guarantor (as defined in the Preamble of this
Third Supplemental Indenture) hereby expressly assumes the obligations of, and
otherwise agrees to perform all of the duties of, a Guarantor under the 1996
Indenture, subject to the terms and conditions thereof, as of the date set forth
opposite the name of such Additional Guarantor on Schedule A hereto.
ARTICLE III.
Section 3.01. Effective Date. This Third Supplemental Indenture shall
become effective upon execution and delivery hereof.
Section 3.02. Counterparts. This Third Supplemental Indenture may be
executed in several counterparts, each of which shall be an original and all of
which shall constitute but one and the same instrument.
Section 3.03. Acceptance. The Trustee accepts the 1996 Indenture, as
supplemented by this Third Supplemental Indenture, and agrees to perform the
same upon the terms and conditions set forth therein as so supplemented. The
Trustee shall not be responsible in any manner whatsoever for or in respect of
the validity or sufficiency of this Third Supplemental Indenture or the due
execution by the Company, the Guarantors or the Additional Guarantor, or for or
in respect of the recitals contained herein, all of which are made by the
Company solely.
Section 3.04. Successors and Assigns. All covenants and agreements in
this Third Supplemental Indenture by the Company, the Guarantors, the Additional
Guarantor or the Trustee shall bind its respective successors and assigns,
whether so expressed or not.
Section 3.05. Severability. In case any provision in this Third
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.
Section 3.06. Governing Law. This Third Supplemental Indenture shall be
governed by and construed in accordance with the internal laws of the State of
New York, without regard to conflicts of laws provisions thereof.
Section 3.07. Incorporation into 1996 Indenture. All provisions of this
Third Supplemental Indenture shall be deemed to be incorporated in, and made a
part of, the 1996 Indenture; and the 1996 Indenture, as amended and supplemented
by this Third Supplemental Indenture, shall be read, taken and construed as one
and the same instrument.
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IN WITNESS WHEREOF, the parties have caused this Third Supplemental
Indenture to be duly executed, all as of the date first above written.
OUTDOOR SYSTEMS, INC.
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chairman of the Board
ATTEST:
/s/ Xxxx X. Xxxxxxxx
------------------------------------
Xxxx X. Xxxxxxxx
Secretary
[SIGNATURES CONTINUED ON FOLLOWING PAGE]
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GUARANTORS:
OUTDOOR SYSTEMS PAINTING, INC.
OS ADVERTISING OF TEXAS PAINTING, INC.
OS BASELINE, INC.
DECADE COMMUNICATIONS GROUP, INC.
BENCH ADVERTISING COMPANY OF
COLORADO, INC.
NEW YORK SUBWAYS ADVERTISING CO.,
INC.
OS BUS, INC.
OUTDOOR SYSTEMS (NEW YORK), INC.
NATIONAL ADVERTISING COMPANY
PACIFIC CONNECTION, INC.
ATLANTA BUS SHELTERS
BY: OUTDOOR SYSTEMS, INC.,
GENERAL PARTNER
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chairman of the Board
ATTEST:
/s/ Xxxx X. Xxxxxxxx
-------------------------------
Xxxx X. Xxxxxxxx
Secretary
[SIGNATURES CONTINUED ON FOLLOWING PAGE]
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ADDITIONAL GUARANTOR:
XXXX ENTERPRISES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chairman of the Board
ATTEST:
/s/ Xxxx X. Xxxxxxxx
-------------------------------------
Xxxx X. Xxxxxxxx
Secretary
THE BANK OF NEW YORK, as Trustee
By: /s/ Xxxxxx Xxxxxxxx
------------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Agent
ATTEST:
/s/ Xxxxxxx X. Xxxx
-------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Agent
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SCHEDULE A
ADDITIONAL GUARANTOR
Name Date
---- ----
Xxxx Enterprises, Inc., a California corporation January 22, 1998
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