Contract
Exhibit
4.32
SUPPLEMENTAL
INDENTURE NO.
3
(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, 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 August 15, 2006 (the “Base
Indenture”),
as
supplemented by Supplemental Indenture No. 1, dated as of August 15, 2006,
providing for the issuance of the Company’s 7.25% Senior Notes due 2016 (the
“First
Supplemental Indenture”)
and by
any other supplements and amendments thereto made prior to the date hereof
and
in effect on the date hereof (the Base Indenture, the First Supplemental
Indenture and together with such other supplements and amendments are
collectively herein referred to as the “Indenture”),
pursuant to which the Guarantors have agreed to guarantee, jointly and
severally, the full and punctual payment and performance when due of all
Indenture Obligations;
WHEREAS,
each New Guarantor is obligated, pursuant to Section 3.4 of the First
Supplemental Indenture, to enter into this Supplement thereby guaranteeing
the
punctual payment and performance when due of all Indenture
Obligations;
WHEREAS,
pursuant to Section 8.1 of the First 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
all
requisite action on the part of the Company and New Guarantors; and
WHEREAS,
all conditions and requirements necessary to make this Supplement valid and
binding upon the Company and the New Guarantors, and enforceable against
the
Company and the 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
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)
-
2 -
arising
out of or incurred by the Trustee or the Holders in connection with the
enforcement of this New Guarantee) in accordance with, and on the terms set
forth in, the Indenture. The agreements made and obligations assumed hereunder
by each New Guarantor shall constitute and shall be deemed to constitute
a
Guarantee under the Indenture and for all purposes of the Indenture, and
such
New Guarantor shall be considered a Guarantor for all purposes of the Indenture
as if such New Guarantor was originally named therein as the
Guarantor.
Section
1.02.
The
New Guarantee shall be released upon the occurrence of the events as provided
in
the Indenture.
Section
1.03.
In
accordance with the terms of the Indenture, each New Guarantor hereby waives
any
claim or other rights that it may now or hereafter acquire against the Company
that arise from the existence, payment, performance or enforcement of such
New
Guarantor’s obligations under the Indenture or any other documents or instrument
including, without limitation, any right of subrogation, reimbursement,
exoneration, contribution, indemnification, or any right to participate in
any
claim or remedy of the Guaranteed Parties against the Company.
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 Indenture shall have the meanings
assigned to them in the Indenture. Except as supplemented hereby, the Indenture
(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
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 Indenture and its 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.
-
3 -
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:
|
/s/
Xxxxxx X. Xxxxxxx
|
Name:
|
Xxxxxx
X. Xxxxxxx
|
Title:
|
Senior
Vice President and Treasurer
|
Attest:
|
|
/s/
Xxxxxxx X. XxXxxxx
|
|
Name:
|
Xxxxxxx
X. XxXxxxx
|
Title:
|
Vice
President and
Associate
General Counsel
|
XXXXXX
SMO HOLDINGS LLC
|
|
By:
|
/s/
Xxxxxx X. Xxxxxxx
|
Name:
|
Xxxxxx
X. Xxxxxxx
|
Title:
|
Vice
President
|
Attest:
|
|
/s/
Xxxxxxx X. XxXxxxx
|
|
Name:
|
Xxxxxxx
X. XxXxxxx
|
Title:
|
Assistant
Secretary
|
ALCOFI
INC.
|
|
By:
|
/s/
Xxxxxx X. Xxxxxxx
|
Name:
|
Xxxxxx
X. Xxxxxxx
|
Title:
|
Vice
President
|
Attest:
|
|
/s/
Xxxxxxx X. XxXxxxx
|
|
Name:
|
Xxxxxxx
X. XxXxxxx
|
Title:
|
Assistant
Secretary
|
SPIRITS
MARQUE ONE LLC
|
|
By:
|
/s/
Xxxxxx X. Xxxxxxx
|
Name:
|
Xxxxxx
X. Xxxxxxx
|
Title:
|
Vice
President
|
Attest:
|
|
/s/
Xxxxxxx X. XxXxxxx
|
|
Name:
|
Xxxxxxx
X. XxXxxxx
|
Title:
|
Assistant
Secretary
|
-
5 -
BNY
MIDWEST TRUST COMPANY
|
|
By:
|
/s/
X.X. Xxxxxxx
|
Name:
|
X.X.
Xxxxxxx
|
Title:
|
Vice
President
|
Attest:
|
|
/s/
X. Xxxxxxxx
|
|
Name:
|
X.
Xxxxxxxx
|
Title:
|
Vice
President
|