EIGHTEENTH SUPPLEMENTAL INDENTURE
Exhibit-1.01
EIGHTEENTH SUPPLEMENTAL INDENTURE
This EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of March 12, 2007 (this “Eighteenth
Supplemental Indenture”), among ALLIED WASTE NORTH AMERICA, INC., a corporation duly organized and
existing under the laws of the State of Delaware (the “Company”), having its principal office at
00000 Xxxxx Xxxxxx Xxx, Xxxxxxx, Xxxxxxx 00000, ALLIED WASTE INDUSTRIES INC., a corporation duly
organized and existing under the laws of the State of Delaware (“Allied” or the “Parent
Guarantor”), each of the other GUARANTORS signatory hereto (collectively with the Parent Guarantor,
the “Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Trustee
(the “Trustee”).
WITNESSETH:
WHEREAS, the Company, the Guarantors and the Trustee executed and delivered an Indenture,
dated as of December 23, 1998 (the “Indenture”), to provide for the issuance by the Company from
time to time of debt securities evidencing its indebtedness;
WHEREAS, pursuant to Board Resolutions (the “Resolutions”), the Company has authorized the
issuance of $750.0 million of its 67/8% Senior Notes Due 2017 (the “Notes”);
WHEREAS, the Notes will be guaranteed (the “Senior Guarantees”) by Allied and each of the
other Guarantors;
WHEREAS, the Company and the Guarantors have filed, in accordance with the provisions of the
Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the
“Securities Act”), with the Securities and Exchange Commission a registration statement on Form
S-3, as amended (File No. 333-135092) (the “Registration Statement”);
WHEREAS, the Notes and the Senior Guarantees have been registered under the Securities Act
pursuant to the Registration Statement;
WHEREAS, the Notes shall be secured by a first priority lien on: (1) all the Capital Stock of
BFI’s domestic Restricted Subsidiaries (the “Domestic Pledged Stock”); (2) 65% of the Capital Stock
of BFI’s foreign Restricted Subsidiaries (the “Foreign Pledged Stock”); (3) all tangible and
intangible assets (other than real property) currently owned by BFI and substantially all of its
domestic Restricted Subsidiaries; and (4) certain tangible and intangible assets of certain of
Allied’s other wholly-owned subsidiaries (clauses (3) and (4) collectively, the “Assets”). The
Domestic Pledged Stock, the Foreign Pledged Stock and the Assets are referred collectively as the
“Collateral;”
WHEREAS, BFI and its Subsidiaries that own the Collateral entered into a Shared Collateral
Pledge Agreement, dated July 30, 1999 and amended and restated as of April 29, 2003, among the
Company, BFI and certain of its Subsidiaries and JPMorgan Chase Bank, N.A., as collateral trustee
thereunder (the “Collateral Trustee”) (as amended, the “Pledge Agreement”), a Shared Collateral
Security Agreement, dated July 30, 1999 and amended and restated as of April 29, 2003, among the
Company, BFI and certain of its Subsidiaries and the Collateral Trustee (as amended, the
“Security Agreement”), and a Collateral Trust Agreement, dated July 30, 1999 and amended and
restated as of April 29, 2003, among the Company, BFI and certain of its Subsidiaries and the
Collateral Trustee (as amended, the “Collateral Trust Agreement” and, together with the Pledge
Agreement and the Security Agreement, the “Security Agreements”). Upon issuance of the Notes, the
Security Agreements will provide for the grant by BFI and its Subsidiaries that own the Collateral
to the Collateral Trustee for the
ratable benefit of the Holders of the Notes of a pledge of, or a
security interest in, as the case may be, the Collateral; and
WHEREAS, the Company desires to establish the terms of the Notes in accordance with Section
3.1 of the Indenture and to establish the form of the Notes in accordance with Section 2.1 of the
Indenture.
ARTICLE I.
TERMS
TERMS
Section 1.01 TERMS OF THE NOTES.
The following terms relating to the Notes are hereby established:
(1) The Notes shall constitute a series of Securities having the title “67/8% Senior
Notes Due 2017.” The Notes shall form their own series for voting purposes and shall not be part
of the same class or series as any other senior notes issued by the Company.
(2) The aggregate principal amount of the Notes that may be authenticated and
delivered under this Eighteenth Supplemental Indenture shall be unlimited; provided, however, that
the Company complies with the provisions of this Eighteenth Supplemental Indenture, including
subsection 12(d) of this Section 1.01.
(3) Maturity. The entire outstanding principal of the Notes shall be
payable on June 1, 2017 (the “Stated Maturity Date”).
(4) Interest and Payments. The rate at which the Notes shall bear interest
shall be 67/8%. Interest on the Notes shall accrue from the date hereof. The Interest Payment Dates
for the Notes on which interest will be payable shall be June 1 and December 1 of each year,
beginning December 1, 2007; the Regular Record Dates for the interest payable on the Notes on any
Interest Payment Date shall be May 15 with respect to the June 1 Interest Payment Date and November
15 with respect to the December 1 Interest Payment Date. Interest on overdue principal and
premium, if any, shall be at a rate of 2% per annum in excess of the rate then in effect; interest
on overdue installments of interest shall be at the same rate, to the extent lawful; and the basis
upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day
months.
The place where the principal of (and premium, if any) and interest on the Notes shall be
payable and the Notes may be surrendered for the registration of transfer or exchange shall be the
Corporate Trust Office of the Trustee which, as of this writing, is located at 000 Xxxx Xxxxxx,
Xxxxx 0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Corporate Trust Administration. The place where
notices or demands to or upon the Company in respect of the Notes and this Eighteenth Supplemental
Indenture may be served shall be the Corporate Trust Office of the Trustee. In addition, payment
of interest on any Note may, at the option of the Company, be made by check mailed to the address
of the Person in whose name the Note is registered at the close of business on the Regular Payment
Date; provided, however, that all payments of principal, premium, if any, and interest on the Notes
to Holders of which have given wire instructions to
the Company or the Paying Agent at least 10 Business Days prior to the applicable payment date
shall be made by wire transfer to an account maintained by such Holder entitled thereto as
specified by such Holder in the instructions.
(5) Optional Redemption. The Notes shall not be subject to any redemption
at the option of the Company except as set forth in this paragraph (5).
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(a) At any time prior to June 1, 2012, the Notes will be subject to redemption, from
time to time and at the option of the Company, in whole or in part, upon not less than 30
nor more than 60 days’ notice mailed to each Holder of Notes to be redeemed at such Holder’s
address appearing in the Security Register, in amounts of $1,000 or an integral multiple of
$1,000, at a redemption price equal to the greater of (1) 100% of their principal amount or
(2) the sum of the present values of the remaining scheduled payments of principal and
interest thereon discounted to maturity on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Yield plus 50 basis points, plus in each
case accrued but unpaid interest to but excluding the Redemption Date (subject to the rights
of Holders of record on the relevant Regular Record Date to receive interest due on an
Interest Payment Date that is on or prior to the Redemption Date).
(b) On or after June 1, 2012, the Company may redeem all or a part of the Notes upon
not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as
percentages of principal amount) set forth below plus accrued and unpaid interest, if any,
thereon, to the applicable redemption date, if redeemed during the twelve-month period
beginning on June 1 of the years indicated below:
Year | Percentage | |||
2012 |
103.438 | % | ||
2013 |
102.292 | % | ||
2014 |
101.146 | % | ||
2015 and thereafter |
100.000 | % |
(c) At any time, or from time to time, prior to June 1, 2010, up to 331/3% in aggregate
principal amount of the Notes originally issued under this Eighteenth Supplemental Indenture
shall be redeemable, at the option of the Company, from the net proceeds of one or more
Public Offerings of Capital Stock (other than Redeemable Interests) of Allied, at a
Redemption Price equal to 106.875% of the principal amount thereof, together with accrued
but unpaid interest to the Redemption Date (subject to the right of Holders of record on the
relevant Regular Record Date to receive interest due on an Interest Payment Date that is on
or prior to the Redemption Date); provided that the notice of redemption with respect to any
such redemption is mailed within 30 days following the closing of the corresponding Public
Offering.
(6) Except as set forth under subsections 12(a) and (b) of this Section 1.01 of this
Eighteenth Supplemental Indenture, the Notes shall not have the benefit of any mandatory redemption
or sinking fund of the Company.
(7) The Notes shall be issuable in denominations of $1,000.
(8) Payments of the principal of (and premium, if any) and interest with respect to
the Notes shall be made in U.S. Dollars, and the Notes shall be denominated in U.S. Dollars.
(9) The Trustee shall also be the Security Registrar and Paying Agent.
(10) The entire outstanding principal amount of and any accrued interest, if any, on
the Notes shall be payable upon declaration of acceleration of the maturity thereof pursuant to
Article 5 of the Indenture.
(11) The Notes shall be payable on the Stated Maturity Date in an amount equal to
the principal amount thereof, plus any accrued and unpaid interest accrued to the Stated Maturity
Date.
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(12) There shall be the following additions to the covenants set forth in the
Indenture with respect to the Notes, which shall be effective only for so long as any of the Notes
are Outstanding:
(a) Asset Dispositions.
The Company shall not make, and shall not permit any Restricted Subsidiary to
make, any Asset Disposition unless: (i) the Company (or such Restricted Subsidiary,
as the case may be) receives consideration at the time of such disposition at least
equal to the fair market value of the shares or the assets disposed of, as determined
in good faith by the Board of Directors, for any transaction (or series of
transactions) involving in excess of $10 million and not involving the sale of
equipment or other assets specifically contemplated by the Company’s capital
expenditure budget previously approved by the Board of Directors; (ii) at least 75%
(or any lesser amount as provided below) of the consideration received by the Company
(or such Restricted Subsidiary) consists of (A) cash or readily marketable cash
equivalents, (B) the assumption of Debt or other liabilities reflected on the
consolidated balance sheet of the Company and its Restricted Subsidiaries in
accordance with generally accepted accounting principles (excluding Debt or any other
liabilities subordinate in right of payment to the Notes) and release from all
liability on such Debt or other liabilities assumed, (C) assets used in, or stock or
other ownership interests in a Person that upon the consummation of such Asset
Disposition becomes a Restricted Subsidiary and will be principally engaged in, the
business of the Company or any of its Restricted Subsidiaries as such business is
conducted immediately prior to such Asset Disposition, (D) any securities, notes or
other obligations received by the Company or any such Restricted Subsidiary from such
transferee that are contemporaneously (subject to ordinary settlement periods)
converted by the Company or such Restricted Subsidiary into cash or Cash Equivalents
(to the extent of cash and Cash Equivalents received), (E) any Designated Noncash
Consideration received pursuant to this clause (E) that is at the time outstanding,
not to exceed 15% of Consolidated Total Assets at the time of the receipt of such
Designated Noncash Consideration (with the fair market value of each item of
Designated Noncash Consideration being measured at the time received and without
giving effect to subsequent changes in value), or (F) any combination thereof; and
(iii) 100% of the Net Available Proceeds from such Asset Disposition (including from
the sale of any marketable cash equivalents received therein) are applied by the
Company or a Restricted Subsidiary as follows: (A) first, within one year from the
later of the date of such Asset Disposition or the receipt of such Net Available
Proceeds, to repayment of Debt of the Company or its Restricted Subsidiaries then
outstanding under the Credit Facility which would require such application or which
would prohibit payments pursuant to clause (B); (B) second, to the extent Net
Available Proceeds are not required to be applied as specified in clause (A), to
purchases of outstanding Notes and other Debt of the Company that ranks pari passu in
right of payment to the Notes (on a pro rata basis based upon the outstanding
aggregate principal amount thereof) pursuant to an Offer to Purchase (to the extent
such an offer is not prohibited by the terms of the Credit Facility then in effect)
at a purchase price equal to 100% of the principal amount thereof plus accrued
interest to the date of purchase (subject to the rights of Holders of record on the
relevant Regular Record Date to receive
interest due on an Interest Payment Date that is on or prior to the purchase
date); and (C) third, to the extent of any remaining Net Available Proceeds following
completion of such Offer to Purchase, to any other use as determined by the Company
which is not otherwise prohibited by this Eighteenth Supplemental Indenture, and
provided further that the 75% limitation referred to in clause (ii) above shall not
apply to any Asset Disposition if the consideration received therefrom, as determined
in good faith by the Company’s Board of
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Directors, is equal to or greater than what
the after-tax proceeds would have been had the Asset Disposition complied with the
aforementioned 75% limitation.
Notwithstanding the foregoing, the Company shall not be required to comply with
the provisions described in clause (iii) of the preceding paragraph: (i) if the Net
Available Proceeds (“Reinvested Amounts”) are invested or committed to be invested
within one year from the later of the date of the related Asset Disposition or the
receipt of such Net Available Proceeds in assets that will be used in the business of
the Company or any of its Restricted Subsidiaries as such business is conducted prior
to such Asset Disposition (determined by the Board of Directors in good faith) or
(ii) to the extent the Company elects to redeem the Notes with the Net Available
Proceeds pursuant to any of the provisions of subsection (5) of this Section 1.01.
Notwithstanding the foregoing, the Company shall not be required to comply with
the requirements described in clause (ii) of the second preceding paragraph if the
Asset Disposition is an Excepted Disposition.
Any Offer to Purchase pursuant to this subsection 12(a) shall be effected by the
sending of the written terms and conditions thereof (the “Offer Document”) by the
Company, by first class mail, to Holders of the Notes within 30 days after the date
which is one year after the later of the date of consummation of the Asset
Disposition referred to in this subsection 12(a) or the receipt of the Net Available
Proceeds from such Asset Disposition. The aggregate principal amount of the Notes to
be offered to be purchased pursuant to the Offer to Purchase shall equal the Net
Available Proceeds required to be made available therefor pursuant to clause (iii)(B)
of this subsection 12(a) (rounded down to the next lowest integral multiple of
$1,000). Each Holder shall be entitled to tender all or any portion of the Notes
owned by such Holder pursuant to the Offer to Purchase, subject to the requirement
that any portion of a Note tendered must be tendered in an integral multiple of
$1,000 principal amount.
(b) Change of Control.
Within 30 days following the date the Company becomes aware of the consummation
of a transaction that results in a Change of Control (as defined below), the Company
shall commence an Offer to Purchase all outstanding Notes, at a purchase price equal
to 101% of their aggregate principal amount plus accrued interest, if any, to the
date of purchase (subject to the rights of Holders of record on the relevant Regular
Record Date to receive interest due on an Interest Payment Date that is on or prior
to the date of purchase).
A “Change of Control” shall be deemed to have occurred in the event that, after
the date of this Eighteenth Supplemental Indenture,
(i) so long as the Company is a Subsidiary of Allied: (a) any Person, or any
Persons (other than a Permitted Allied Successor), acting together that would
constitute a “Group” (a “Group”) for purposes of Section 13(d) of the Exchange Act (an “Allied
Group”), together with any Affiliates or Related Persons thereof (other than any
employee stock ownership plan), beneficially own 50% or more of the total voting
power of all classes of Voting Stock of Allied, (b) any Person or Allied Group,
together with any Affiliates or Related Persons thereof, succeeds in having a
sufficient number of its nominees who have not been approved by the Continuing
Directors elected to the Board of Directors of Allied
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such that such nominees, when
added to any existing director remaining on the Board of Directors of Allied after
such election who is an Affiliate or Related Person of such Person or Allied Group,
shall constitute a majority of the Board of Directors of Allied, or (c) there occurs
any transaction or series of related transactions other than a merger, consolidation
or other transaction with a Related Business in which the shareholders of Allied
immediately prior to such transaction (or series) receive (I) solely Voting Stock of
Allied (or its successor or parent, as the case may be), (II) cash, securities and
other property in an amount which could be paid by the Company as a Restricted
Payment under this Eighteenth Supplemental Indenture after giving pro forma effect to
such transaction, or (III) a combination thereof, and the beneficial owners of the
Voting Stock of Allied immediately prior to such transaction (or series) do not,
immediately after such transaction (or series), beneficially own Voting Stock
representing more than 50% of the total voting power of all classes of Voting Stock
of Allied (or in the case of a transaction (or series) in which another entity
becomes a successor to, or parent of, Allied, of the successor or parent entity), and
(ii) if the Company is not a Subsidiary of Allied: (a) any Person, or any
Persons (other than a Permitted Allied Successor), acting together that would
constitute a Group for purposes of Section 13(d) of the Exchange Act (an “AWNA
Group”), together with any Affiliates or Related Persons thereof (other than any
employee stock ownership plan) beneficially own 50% or more of the total voting power
of all classes of Voting Stock of the Company, (b) any Person or AWNA Group, together
with any Affiliates or Related Persons thereof, succeeds in having a sufficient
number of its nominees who have not been approved by the Continuing Directors elected
to the Board of Directors of the Company such that such nominees, when added to any
existing director remaining on the Board of Directors of the Company after such
election who is an Affiliate or Related Person of such Person or AWNA Group, shall
constitute a majority of the Board of Directors of the Company, or (c) there occurs
any transaction or series of related transactions other than a merger, consolidation
or other transaction with a Related Business in which the shareholders of the Company
immediately prior to such transaction (or series) receive (I) solely Voting Stock of
the Company (or its successor or parent, as the case may be), (II) cash, securities
and other property in an amount which could be paid by the Company as a Restricted
Payment under this Eighteenth Supplemental Indenture after giving pro forma effect to
such transaction, or (III) a combination thereof, and the beneficial owners of the
Voting Stock of the Company immediately prior to such transaction (or series) do not,
immediately after such transaction (or series), beneficially own Voting Stock
representing more than 50% of the total voting power of all classes of Voting Stock
of the Company (or in the case of a transaction (or series) in which another entity
becomes a successor to the Company, of the successor entity).
The Company shall comply with the requirements of Rule 14e-1 under the Exchange
Act and any other securities laws and regulations thereunder to the extent such laws
and regulations are applicable in connection with the repurchase of the Notes
resulting from a Change of Control.
The Company and the Trustee shall perform their respective obligations specified
in the Offer Document for the Offer to Purchase. Prior to the Purchase Date, the
Company shall (i) accept for payment Notes or portions thereof tendered pursuant to
the Offer to Purchase, (ii) deposit with the Paying Agent (or, if the Company is
acting as its own Paying Agent, segregate and hold in trust as provided in Section
9.3 of the Indenture) money sufficient to pay the Purchase Price of all Notes or
portions thereof so accepted and
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(iii) deliver or cause to be delivered to the
Trustee all Notes so accepted together with an Officers’ Certificate stating the
Notes or portions thereof accepted for payment by the Company. The Paying Agent (or
the Company if so acting) shall promptly mail or deliver to Holders of Notes so
accepted payment in an amount equal to the Purchase Price for each $1,000 of Notes so
accepted, and the Company shall promptly execute a new Note or Notes equal in
principal amount to any unpurchased portion of the Note surrendered as requested by
the Holder, and the Guarantors shall promptly execute their Senior Guarantees to be
endorsed thereon, and thereafter the Trustee shall promptly authenticate and mail or
deliver to such Holders such new Note or Notes. Any Note not accepted for payment
shall be promptly mailed or delivered by the Company to the Holder thereof. The
Company shall publicly announce the results of the Offer to Purchase on or as soon as
practicable after the Purchase Date.
(c) Changes in Covenants when Senior Notes rated Investment Grade.
Following the first date upon which the Notes are rated the following: (i) Baa3
or better by Xxxxx’x Investors Service, Inc. (“Moody’s”) and BB+ or better by
Standard & Poor’s Ratings Group (“S&P”); or (ii) BBB- or better by S&P and Ba1 or
better by Moody’s (a “Rating Event”) (or, in any case, if such person ceases to rate
the Notes for reasons outside of the control of the Company, the equivalent
investment grade credit rating from any other “nationally recognized statistical
rating organization” (within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the
Exchange Act) selected by the Company as a replacement agency) (the “Rating Event
Date”) (and provided no Event of Default or event that with notice or the passage of
time would constitute an Event of Default shall exist on the Rating Event Date), the
covenants specifically listed under subsections 12(a), 12(d), 12(e), 12(f), 12(h) and
12(j) of this Section 1.01 of this Eighteenth Supplemental Indenture shall no longer
be applicable to the Notes. At no time after a Rating Event Date will the provisions
and covenants contained in this Eighteenth Supplemental Indenture at the time of the
issuance of the Notes that cease to be applicable after the Rating Event Date be
reinstated.
(d) Limitation on Consolidated Debt.
The Company shall not incur any Debt and shall not permit Restricted
Subsidiaries to Incur any Debt or issue Preferred Stock unless, immediately after
giving effect to the Incurrence of such Debt or issuance of such Preferred Stock and
the receipt and application of the proceeds thereof, the Consolidated EBITDA Coverage
Ratio of the Company for the four full fiscal quarters next preceding the Incurrence
of such Debt or issuance of such Preferred Stock, calculated on a pro forma basis if
such Debt had been Incurred or such Preferred Stock had been issued and the proceeds
thereof had been received and so applied at the beginning of the four full fiscal
quarters, would be greater than 2.0 to 1.0.
Without regard to the foregoing limitations, the Company or any Restricted
Subsidiary of the Company may Incur the following Debt:
(i) Debt under the Credit Facility in an aggregate principal amount at any
one time outstanding not to exceed the amount permitted to be borrowed
thereunder;
(ii) Debt evidenced by the Notes and the Senior Guarantees;
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(iii) Debt owed by the Company to any Restricted Subsidiary or Debt owed
by a Restricted Subsidiary to the Company or to a Restricted Subsidiary;
provided, however, that in the event that either (x) the Company or the
Restricted Subsidiary to which such Debt is owed transfers or otherwise
disposes of such Debt to a Person other than the Company or another Restricted
Subsidiary, or (y) such Restricted Subsidiary ceases to be a Restricted
Subsidiary, the provisions of this clause (iii) shall no longer be applicable
to such Debt and such Debt shall be deemed to have been incurred at the time of
such transfer or other disposition or at the time such Restricted Subsidiary
ceases to be a Restricted Subsidiary;
(iv) Debt outstanding on the date of this Eighteenth Supplemental
Indenture;
(v) Debt Incurred in connection with an acquisition, merger or
consolidation transaction permitted under the provisions described under
Section 7.1 of the Indenture (as superseded by subsection 13 of this Section
1.01 of this Eighteenth Supplemental Indenture), which Debt: (x) was issued by
a Person prior to the time such Person becomes a Restricted Subsidiary in such
transaction (including by way of merger or consolidation with the Company or
another Restricted Subsidiary) and was not issued in contemplation of such
transaction, or (y) is issued by the Company or a Restricted Subsidiary to a
seller in connection with such transaction, in an aggregate amount for all such
Debt issued pursuant to the provisions of this Eighteenth Supplemental
Indenture described under this clause (v) and then outstanding does not exceed
7.5% of the Consolidated Total Assets of the Company at the time of such
Incurrence;
(vi) Debt consisting of Permitted Interest Rate or Currency Protection
Agreements;
(vii) Debt Incurred to renew, extend, refinance or refund any outstanding
Debt permitted in the preceding paragraph or in clauses (i) through (v) above
or Incurred pursuant to this clause (vii); provided, however, that such Debt
does not exceed the principal amount of Debt so renewed, extended, refinanced
or refunded (plus the amount of any premium and accrued interest, plus
customary fees, consent payments, expenses and costs relating to the Debt so
renewed, extended, refinanced or refunded) (“Permitted Refinancing Debt”); and
(viii) Debt not otherwise permitted to be Incurred pursuant to clauses (i)
through (vii) above, which, in aggregate amount, together with the aggregate
amount of all other Debt previously Incurred pursuant to the provisions of this
clause (viii) and then outstanding, does not exceed 7.5% of the Consolidated
Total Assets of the Company at the time of such Incurrence.
(e) Limitation on Restricted Payments.
The Company shall not, and shall not permit any Restricted Subsidiary to,
directly or indirectly: (i) declare or pay any dividend, or make any distribution, of
any kind or character (whether in cash, property or securities) in respect of the
Capital Stock of the Company or any Restricted Subsidiary or to the Holders thereof
in their capacity as such, excluding: (x) any dividends or distributions to the
extent payable in shares of the Capital Stock of the Company (other than Redeemable
Interests) or in options, warrants or other
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rights to acquire the Capital Stock of
the Company (other than Redeemable Interests), (y) dividends or distributions by a
Restricted Subsidiary to the Company or another Wholly-Owned Restricted Subsidiary,
and (z) the payment of pro rata dividends by a Restricted Subsidiary to Holders of
both minority and majority interests in such Restricted Subsidiary); (ii) purchase,
redeem or otherwise acquire or retire for value: (a) any Capital Stock of the Company
or any Capital Stock of or other ownership interests in any Subsidiary or any
Affiliate or Related Person of the Company, or (b) any options, warrants or rights to
purchase or acquire shares of Capital Stock of the Company or any Capital Stock of or
other ownership interests in any Subsidiary or any Affiliate or Related Person of the
Company (excluding, in each case of (a) and (b), the purchase, redemption,
acquisition or retirement by any Restricted Subsidiary of any of its Capital Stock,
other ownership interests or options, warrants or rights to purchase such Capital
Stock or other ownership interests, in each case, owned by the Company or a
Wholly-Owned Restricted Subsidiary); (iii) make any Investment that is not a
Permitted Investment; or (iv) redeem, defease, repurchase, retire or otherwise
acquire or retire for value prior to any scheduled maturity, repayment or sinking
fund payment, Debt of the Company that is subordinate in right of payment to the
Notes (each of the transactions described in clauses (i) through (iv) being a
“Restricted Payment”), if:
(1) an Event of Default, or an event that with the lapse of time or the
giving of notice, or both, would constitute an Event of Default, shall have
occurred and be continuing; or
(2) the Company would, at the time of such Restricted Payment and after
giving pro forma effect thereto as if such Restricted Payment had been made at
the beginning of the most recently ended four full fiscal quarter period for
which internal financial statements are available immediately preceding the
date of such Restricted Payment, not have been permitted to Incur at least
$1.00 of additional Debt pursuant to the Consolidated EBITDA Coverage Ratio
test set forth in the first paragraph under subsection 12(d) of this Section
1.01 of this Eighteenth Supplemental Indenture; or
(3) upon giving effect to such Restricted Payment, the aggregate of all
Restricted Payments (excluding Restricted Payments permitted by clauses (ii),
(iii), (iv) and (vi) of the next succeeding paragraph) from the date of this
Eighteenth Supplemental Indenture (the amount so expended, if other than in
cash, determined in good faith by the Board of Directors) exceeds the sum,
without duplication, of: (a) 50% of the aggregate Consolidated Net Income (or,
in case Consolidated Net Income shall be negative, less 100% of such deficit)
for the period (taken as one accounting period) from the beginning of the
second fiscal quarter of fiscal year 2001 to the end of the Company’s most
recently ended fiscal quarter for which internal financial statements are
available at the time of such Restricted Payment; (b) 100% of the aggregate net
cash proceeds from the issuance and sale to Allied of Capital Stock
(other than Redeemable Interests) of the Company and options, warrants or
other rights to acquire Capital Stock (other than Redeemable Interests and Debt
convertible into Capital Stock) of the Company and the principal amount of Debt
and Redeemable Interests of the Company that has been converted into Capital
Stock (other than Redeemable Interests) of the Company after January 30, 2001,
provided that any such net proceeds received by the Company from an employee
stock ownership plan financed by loans from the Company or a Subsidiary of the
Company shall be included only to the extent such loans have been repaid with
cash
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on or prior to the date of determination; (c) 50% of any dividends
received by the Company or a Wholly-Owned Restricted Subsidiary after January
30, 2001 from an Unrestricted Subsidiary of the Company; and (d) $300 million.
The foregoing covenant shall not be violated by reason of
(i) the payment of any dividend within 60 days after declaration thereof
if at the declaration date such payment would have complied with the foregoing
covenant;
(ii) any refinancing or refunding of Debt permitted if such refinancing or
refunding is permitted pursuant to clause (vii) of the second paragraph under
subsection 12(d) of this Section 1.01 of this Eighteenth Supplemental
Indenture;
(iii) the purchase, redemption or other acquisition or retirement for
value of any Debt or Capital Stock of the Company or any options, warrants or
rights to purchase or acquire shares of Capital Stock of the Company in
exchange for, or out of the net cash proceeds of, the substantially concurrent
issuance or sale (other than to a Restricted Subsidiary of the Company) of
Capital Stock (other than Redeemable Interests) of the Company; provided that
the amount of any such net cash proceeds that are utilized for any such
purchase, redemption or other acquisition or retirement for value shall be
excluded from clause (3)(b) in the foregoing paragraph of this subsection
12(e);
(iv) the repurchase, redemption, defeasance, retirement, refinancing or
acquisition for value or payment of principal of any subordinated Debt or
Capital Stock through the issuance of new subordinated Debt or Capital Stock of
the Company;
(v) the repurchase of any subordinated Debt at a purchase price not
greater than 101% of the principal amount of such subordinated Debt in the
event of a Change of Control pursuant to a provision similar to the provision
contained in subsection 12(b) of this Section 1.01 of this Eighteenth
Supplemental Indenture; provided that prior to such repurchase the Company has
made the Change of Control Offer (the “Change of Control Offer”) as provided in
such covenant with respect to the Notes and repurchased all Notes validly
tendered for repayment in connection with such Change of Control Offer;
(vi) the purchase or redemption of any Debt from Net Available Proceeds to
the extent permitted under subsection 12(a) of this Section 1.01 of this
Eighteenth Supplemental Indenture; and
(vii) payments pursuant to the Intercompany Agreements.
Upon the designation of any Restricted Subsidiary as an Unrestricted Subsidiary,
an amount equal to the greater of the book value and the fair market value of all
assets of such Restricted Subsidiary at the end of the Company’s most recently ended
fiscal quarter for which internal financial statements are available prior to such
designation shall be deemed to be a Restricted Payment at the time of such
designation for purposes of calculating the aggregate amount of Restricted Payments
(including the Restricted Payment resulting from
10
such designation) permitted under
this subsection 12(e) of Section 1.01 of this Eighteenth Supplemental Indenture.
(f) Limitations Concerning Distributions by Subsidiaries, Etc.
The Company shall not, and shall not permit any Restricted Subsidiary to, suffer
to exist any consensual encumbrance or restriction on the ability of such Restricted
Subsidiary: (i) to pay, directly or indirectly, dividends or make any other
distributions in respect of its Capital Stock or other ownership interests or pay any
Debt or other obligation owed to the Company or any other Restricted Subsidiary, (ii)
to make loans or advances to the Company or any other Restricted Subsidiary, or (iii)
to sell, lease or transfer any of its property or assets to the Company or any
Wholly-Owned Restricted Subsidiary, except, in any such case, any encumbrance or
restriction existing pursuant to: (a) the Notes, the Indenture, the Senior Guarantees
or any other agreement in effect on the date of this Eighteenth Supplemental
Indenture; (b) the Credit Facility, including any Guarantees of or Liens securing the
Debt Incurred thereunder; (c) an agreement relating to any Debt Incurred by such
Subsidiary prior to the date on which such Subsidiary was acquired by the Company and
outstanding on such date and not incurred in anticipation of becoming a Subsidiary;
(d) an agreement which has been entered into for the pending sale or disposition of
all or substantially all of the Capital Stock, other ownership interests or assets of
such Subsidiary, provided that such restriction terminates upon consummation or
abandonment of such disposition and upon termination of such agreement; (e) customary
non-assignment provisions in leases and other agreements entered into in the ordinary
course of business; (f) restrictions contained in any security agreement (including a
capital lease) securing Debt permitted to be Incurred under this Eighteenth
Supplemental Indenture that impose restrictions of the nature described in clause
(iii) above on the property subject to the Lien of such security agreement; (g) an
agreement effecting a renewal, extension, refinancing or refunding of Debt incurred
pursuant to an agreement referred to in clause (a), (b) or (f) above; provided,
however, that the provisions relating to such encumbrance or restriction contained in
such renewal, extension, refinancing or refunding agreement are no more restrictive
in any material respect than the provisions contained in the agreement it replaces,
as determined in good faith by the Board of Directors; or (h) such encumbrance or
restriction is the result of applicable corporate law or regulation relating to the
payment of dividends or distributions.
(g) Limitation on Liens.
Allied shall not, and the Company shall not, and shall not permit any of its
Restricted Subsidiaries to, create, Incur, assume or otherwise cause or suffer to
exist or become effective any Lien (other than Permitted Liens) upon any of their
property or assets, now owned or hereafter acquired to secure Debt of Allied, the
Company or any of its Restricted Subsidiaries.
(h) Limitation on Transactions with Affiliates and Related Persons.
The Company shall not, and shall not permit any of its Restricted Subsidiaries
to, make any payment to, or sell, lease, transfer or otherwise dispose of any of its
properties or assets to, or purchase any property or assets from, or enter into or
make or amend any transaction, contract, agreement, understanding, loan, advance or
guarantee with, or for the benefit of, any Affiliate of the Company (each of the
foregoing, an “Affiliate Transaction”), unless: (a) such Affiliate Transaction is on
terms that are no less favorable
11
to the Company or such Restricted Subsidiary than
those that would have been obtained in a comparable transaction by the Company or
such Restricted Subsidiary with an unrelated Person; and (b) the Company delivers to
the Trustee, with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $10 million, either: (i)
a resolution of the Board of Directors set forth in an Officers’ Certificate
certifying that such Affiliate Transaction complies with clause (a) above and that
such Affiliate Transaction has been approved by a majority of the disinterested
members of the Board of Directors, or (ii) an opinion as to the fairness to the
Company or such Restricted Subsidiary, as the case may be, of such Affiliate
Transaction from a financial point of view issued by an accounting, appraisal or
investment banking firm of national standing.
Notwithstanding the foregoing, the following items shall not be deemed to be
Affiliate Transactions: (a) customary directors’ fees, indemnification or similar
arrangements or any employment agreement or other compensation plan or arrangement
entered into by the Company or any of its Restricted Subsidiaries in the ordinary
course of business including ordinary course loans to employees not to exceed: (i) $5
million outstanding in the aggregate at any time, and (ii) $2 million to any one
employee and consistent with the past practice of the Company or such Restricted
Subsidiary; (b) loans by the Company and its Restricted Subsidiaries to employees of
Allied or any of its Subsidiaries in connection with management incentive plans not
to exceed $25 million at any time outstanding; provided that such limitation shall
not apply to loans the proceeds of which are used to purchase common stock of: (i)
the Company from the Company, or (ii) Allied from Allied if and to the extent that
Allied utilizes the proceeds thereof to acquire Capital Stock (other than Redeemable
Interests) of the Company; (c) transactions between or among the Company and/or its
Restricted Subsidiaries; (d) payments of customary fees by the Company or any of its
Restricted Subsidiaries to investment banking firms and financial advisors made for
any financial advisory, financing, underwriting or placement services or in respect
of other investment banking activities, including, without limitation, in connection
with acquisitions or divestitures which are approved by a majority of the Board of
Directors in good faith; (e) any agreement as in effect on the date of this
Eighteenth Supplemental Indenture or any amendment thereto (so long as such amendment
is not disadvantageous to the Holders of the Notes in any material respect) or any
transaction contemplated thereby; and (f) Restricted Payments that are permitted by
the provisions of subsection 12(e) of this Section 1.01 of this Eighteenth
Supplemental Indenture.
(i) Provision of Financial Information.
Whether or not Allied is required to be subject to Section 13(a) or 15(d) of the
Exchange Act, or any successor provision thereto, the Company (or Allied for so long
as the Company is a Wholly-Owned Subsidiary of Allied) shall file with the Commission
the annual reports, quarterly reports and other documents which the Company (or
Allied for so
long as the Company is a Wholly-Owned Subsidiary of Allied) would have been
required to file with the Commission pursuant to such Section 13(a) or 15(d) or any
successor provision thereto if the Company (or Allied for so long as the Company is a
Wholly-Owned Subsidiary of Allied) were so required, such documents to be filed with
the Commission on or prior to the respective dates (the “Required Filing Dates”) by
which the Company would have been required so to file such documents if the Company
were so required. The Company shall also in any event: (a) within 15 days of each
Required Filing Date file with the Trustee copies of the annual reports, quarterly
reports and other
12
documents which the Company (or Allied for so long as the Company
is a Wholly-Owned Subsidiary of Allied) filed with the Commission pursuant to such
Section 13(a) or 15(d) or any successor provisions thereto or would have been
required to file with the Commission pursuant to such Section 13(a) or 15(d) or any
successor provisions thereto if the Company (or Allied for so long as the Company is
a Wholly-Owned Subsidiary of Allied) were required to comply with such Sections, and
(b) if filing such documents by the Company (or Allied for so long as the Company is
a Wholly-Owned Subsidiary of Allied) with the Commission is not permitted under the
Exchange Act, promptly upon written request supply copies of such documents to any
prospective Holder.
(j) Unrestricted Subsidiaries.
The Company at any time may designate any Person that is a Subsidiary, or after
the date of this Eighteenth Supplemental Indenture becomes a Subsidiary, of the
Company as an “Unrestricted Subsidiary,” whereupon (and until such Person ceases to
be an Unrestricted Subsidiary) such Person and each other Person that is then or
thereafter becomes a Subsidiary of such Person shall be deemed to be an Unrestricted
Subsidiary. In addition, the Company may at any time terminate the status of any
Unrestricted Subsidiary as an Unrestricted Subsidiary, whereupon such Subsidiary and
each other Subsidiary of the Company (if any) of which such Subsidiary is a
Subsidiary shall be a Restricted Subsidiary.
Notwithstanding the foregoing, no change in the status of a Subsidiary of the
Company from a Restricted Subsidiary to an Unrestricted Subsidiary or from an
Unrestricted Subsidiary to a Restricted Subsidiary will be effective, and no Person
may otherwise become a Restricted Subsidiary, if:
(i) in the case of any change in status of a Restricted Subsidiary to an
Unrestricted Subsidiary, the Restricted Payment resulting from such change,
would violate the provisions of clause (3) of the first paragraph of subsection
12(e) of this Section 1.01 of this Eighteenth Supplemental Indenture; or
(ii) such change or other event would otherwise result (after the giving
of notice or the lapse of time, or both) in an Event of Default.
In addition and notwithstanding the foregoing, no Restricted Subsidiary of the
Company may become an Unrestricted Subsidiary, and the status of any Unrestricted
Subsidiary as an Unrestricted Subsidiary will be deemed to have been immediately
terminated (whereupon such Subsidiary and each other Subsidiary of the Company (if
any) of which such Subsidiary is a Subsidiary will be a Restricted Subsidiary) at any
time when:
(i) such Subsidiary (A) has outstanding Debt that is Unpermitted Debt (as
defined below), or (B) owns or holds any Capital Stock of or other ownership
interests in, or a Lien on any property or other assets of, the Company or
any of its Restricted Subsidiaries; or
(ii) the Company or any other Restricted Subsidiary (A) provides credit
support for, or a Guarantee of, any Debt of such Subsidiary (including any
undertaking, agreement or instrument evidencing such Debt), or (B) is directly
or indirectly liable on any Debt of such Subsidiary. Any termination of the
status of an Unrestricted Subsidiary as an Unrestricted Subsidiary pursuant to
the preceding
13
sentence will be deemed to result in a breach of this covenant in
any circumstance in which the Company would not be permitted to change the
status of such Unrestricted Subsidiary to the status of a Restricted Subsidiary
pursuant to the preceding paragraph.
“Unpermitted Debt” means any Debt of a Subsidiary of the Company if: (x) a
default thereunder (or under any instrument or agreement pursuant to or by
which such Debt is issued, secured or evidenced) or any right that the Holders
thereof may have to take enforcement action against such Subsidiary or its
property or other assets, would permit (whether or not after the giving of
notice or the lapse of time or both) the Holders of any Debt of the Company or
any other Restricted Subsidiary to declare the same due and payable prior to
the date on which it otherwise would have become due and payable or otherwise
to take any enforcement action against the Company or any such other Restricted
Subsidiary, or (y) such Debt is secured by a Lien on any property or other
assets of the Company and any of its other Restricted Subsidiaries.
Each Person that is or becomes a Subsidiary of the Company shall be deemed to be a Restricted
Subsidiary at all times when it is a Subsidiary of the Company that is not an Unrestricted
Subsidiary. Each Person that is or becomes a Wholly-Owned Subsidiary of the Company shall be deemed
to be a Wholly-Owned Restricted Subsidiary at all times when it is a Wholly-Owned Subsidiary of the
Company that is not an Unrestricted Subsidiary.
(13) Mergers, Consolidations and Certain Sales of Assets. Section 7.1 of
the Indenture is hereby superseded by the following in respect of the Notes:
“The Company (i) shall not consolidate with or merge into any Person; (ii) shall not permit
any Person other than a Restricted Subsidiary to consolidate with or merge into the Company; and
(iii) may not, directly or indirectly, in one or a series of transactions, transfer, convey, sell,
lease or otherwise dispose of all or substantially all of the properties and assets of the Company
and its Subsidiaries on a consolidated basis; unless, in each case of (i), (ii) and (iii) above:
(1) immediately before and after giving effect to such transaction (or series)
and treating any Debt Incurred by the Company or a Subsidiary of the Company as a
result of such transaction (or series) as having been incurred by the Company or such
Subsidiary at the time of the transaction (or series), no Event of Default, or event
that with the passing of time or the giving of notice, or both, will constitute an
Event of Default, shall have occurred and be continuing;
(2) in a transaction (or series) in which the Company does not survive or in
which the Company transfers, conveys, sells, leases or otherwise disposes of all or
substantially all of its properties and assets, the successor entity is a
corporation, partnership, limited liability company or trust and is organized and
validly existing under
the laws of the United States of America, any State thereof or the District of
Columbia and expressly assumes, by a supplemental indenture executed and delivered to
the Trustee in form satisfactory to the Trustee, all the Company’s obligations under
the Indenture and the Eighteenth Supplemental Indenture;
(3) if such transaction (or series) occurs prior to the occurrence of a Rating
Event Date, either (x) the Company or the successor entity would, at the time of such
transaction (or series) and after giving pro forma effect thereto as if such
transaction (or
14
series) had occurred at the beginning of the most recently ended four
full fiscal quarter period for which internal financial statements are available
immediately preceding the date of such transaction (or series), have been permitted
to Incur at least $1.00 of additional Debt pursuant to the Consolidated EBITDA
Coverage Ratio test set forth in the first paragraph under subsection 12(d) of
Section 1.01 of the Eighteenth Supplemental Indenture, or (y) the Consolidated EBITDA
Coverage Ratio of the Company or the successor entity for the most recently ended
four full fiscal quarter period for which internal financial statements are available
immediately preceding the date of such transaction (or series), calculated on a pro
forma basis as if such transaction (or series) had occurred at the beginning of such
four full fiscal quarter period, would be no less than such Consolidated EBITDA
Coverage Ratio, calculated without giving effect to such transaction or series or any
other transactions (or series) that is subject to the provisions of the Indenture
described in this paragraph and that occurred after the date that is twelve months
before the date of such transaction (or series);
(4) if, as a result of any such transaction, property or assets of the Company
or any Restricted Subsidiary of the Company would become subject to a Lien prohibited
by subsection 12(g) of Section 1.01 of the Eighteenth Supplemental Indenture, the
Company or the successor entity shall have secured the Notes as required by such
covenant; and
(5) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel as specified in the Indenture.
The Company shall deliver to the Trustee prior to the proposed consolidation,
merger, sale, transfer, lease or other disposition an Officers’ Certificate to the
foregoing effect and an Opinion of Counsel stating that the proposed consolidation,
merger, sale, transfer, lease or other disposition and such supplemental indenture
comply with the Indenture and that all conditions precedent to the consummation of
such transaction under this Section 7.1 have been met.”
(14) Security.
The Security Agreements shall secure the due and punctual payment of the principal of and
interest on the Notes when and as the same shall be due and payable, whether on an interest payment
date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the
overdue principal of and interest (to the extent permitted by law) on the Notes and performance of
all other obligations of the Company to the Holders of Notes or the Trustee under this Eighteenth
Supplemental Indenture and the Notes, according to the terms hereunder or thereunder. Each Holder
of Notes, by its acceptance thereof, consents and agrees to the terms of the Security Agreements
(including, without limitation, the provisions providing for foreclosure and release of the
Collateral) as the same may be in effect or may be amended from time to time in accordance with
their terms. The Company shall deliver to the Trustee copies of all documents delivered to the
collateral trustee pursuant to the Security Agreements, and shall do or cause to be done all such
acts and things as may be necessary or proper, or as may be required by the provisions of
the Security Agreements, to assure and confirm to the Trustee and the collateral trustee the
security interest in the Collateral contemplated hereby, by the Security Agreements or any part
thereof, as from time to time constituted, so as to render the same available for the security and
benefit of this Eighteenth Supplemental Indenture and of the Notes secured hereby, according to the
intent and purposes herein expressed. The Company shall take, or shall cause its Subsidiaries to
take, upon request of the Trustee, any and all actions reasonably required to cause the Security
Agreements to create and maintain, as security for the obligations of the Company under this
Eighteenth Supplemental Indenture and the Notes,
15
a valid and enforceable perfected first priority
Lien in and on all the Collateral in favor of the collateral trustee for the benefit of the Holders
of Notes.
(a) Opinions and Certificates.
(i) The Company shall furnish to the Trustee all opinions and certificates
delivered by the Company in connection with the Security Agreements and such opinions and
certificates shall be for the benefit of the Trustee and the Holders of the Notes.
(ii) The Company shall otherwise comply with the provisions of TIA §314(b).
(b) Release of Collateral.
(i) Subject to this subsection 14(b) of this Section 1.01 of this Eighteenth
Supplemental Indenture, the Collateral may be released from the Lien and security interest
created by the Security Agreements at any time or from time to time in accordance with the
provisions of the Security Agreements. The collateral trustee shall execute, deliver or
acknowledge any necessary or proper instruments of termination, satisfaction or release to
evidence the release of any Collateral permitted to be released pursuant to this Eighteenth
Supplemental Indenture or the Security Agreements.
(ii) The release of any Collateral from the terms of this Eighteenth
Supplemental Indenture and the Security Agreements shall not be deemed to impair the
security under this Eighteenth Supplemental Indenture in contravention of the provisions
hereof if and to the extent the Collateral is released pursuant to the terms of the Security
Agreements. To the extent applicable, the Company shall cause TIA §313(b), relating to
reports, and TIA §314(d), relating to the release of property or securities from the Lien
and security interest of the Security Agreements and relating to the substitution therefor
of any property or securities to be subjected to the Lien and security interest of the
Security Agreements, to be complied with. The Company shall furnish to the Trustee and the
collateral trustee, prior to each proposed release of Collateral pursuant to the Security
Agreements, (i) all documents required by TIA §314(d) and (ii) an Opinion of Counsel, which
may be rendered by internal counsel to the Company, to the effect that such accompanying
documents constitute all documents required by TIA §314(d).
(iii) Any certificate or opinion required by TIA §314(d) may be made by an
Officer of the Company except in cases where TIA §314(d) requires that such certificate or
opinion be made by an independent Person, which Person shall be an independent engineer,
appraiser or other expert selected or approved by the Trustee and the collateral trustee in
the exercise of reasonable care.
(iv) In the event that the Company wishes to obtain a release of any
Collateral in accordance with the Security Agreements and has delivered the certificates and
documents required by the Security Agreements and this subsection 14(b) of this Section 1.01
of this Eighteenth Supplemental Indenture, the Trustee shall determine whether it has
received all documentation required by TIA §314(d) in connection with such release and,
based on such determination and the Opinion of Counsel delivered pursuant to Section
10.03(b), shall deliver a certificate to the Collateral Trustee setting forth such
determination. The Trustee may, to the extent permitted by the Indenture, accept as
conclusive evidence of compliance with the foregoing provisions the appropriate statements
contained in such documents and such Opinion of Counsel.
16
(c) Authorization of Actions to Be Taken by the Trustee Under the Security
Agreements. Subject to the provisions of the Indenture, the Trustee may, in its sole discretion
and without the consent of the Holders of Notes, instruct, on behalf of the Holders of Notes, the
Collateral Trustee to take all actions it deems necessary or appropriate in order to (a) enforce
the rights of the Trustee and the Holders of Notes under any of the terms of the Security
Agreements and (b) collect and receive any and all amounts payable in respect of the obligations of
the Company under this Eighteenth Supplemental Indenture and the Notes, provided, that in no event
shall the Collateral Trustee be required to take any actions that violate the terms of the Security
Agreements or the Credit Facility. The Trustee shall have power to institute and maintain such
suits and proceedings as it may deem expedient to preserve or protect its interests and the
interests of the Trustee and the Holders of Notes in the Collateral.
(d) Authorization of Receipt of Funds by the Trustee Under the Security Agreements.
The Trustee is authorized to receive any funds for the benefit of the Holders of Notes distributed
under the Security Agreements, and to make further distributions of such funds to the Holders of
Notes according to the provisions of this Eighteenth Supplemental Indenture.
(e) Termination of Security Interest. Upon (1) the full and final payment and
performance of all obligations of the Company under this Eighteenth Supplemental Indenture and the
Notes; (2) the release of the Lien on the Collateral securing the BFI Notes, the Allied NA Senior
Notes and all other indebtedness of Allied and its Restricted Subsidiaries (other than under the
Credit Facility); or (3) the sale of any such Collateral in accordance with the applicable
provisions of this Eighteenth Supplemental Indenture, the Trustee shall, at the request of the
Company, deliver a certificate to the Collateral Trustee instructing the Collateral Trustee to
release the Liens (or in the case of clause (3), the Liens on such Collateral) pursuant to this
Eighteenth Supplemental Indenture and the Security Agreements.
(f) No Amendments to the Security Agreements. The Company shall not amend, waive or
modify any provisions of the Security Agreements if such amendment, waiver or modification could
reasonably be expected to adversely impact the Holder of Notes without the consent of a majority of
Holder of Notes.
(g) Maintenance. The Company shall maintain as security for the obligations of the
Company under this Eighteenth Supplement Indenture and the Notes, an equal and ratable sharing of
the perfected security interest held by the collateral trustee under the uniform commercial code as
in effect in the State of New York pursuant to the Security Agreements in the Collateral.
(15) Events of Default. (a) In addition to the Events of Default set forth
in Section 5.1 of the Indenture, the Notes shall include the following additional Event of Default
designated as clause (j) of such Section, which shall be deemed an Event of Default under Section
5.1 of the Indenture:
“(j) failure to perform or comply with the provisions of Section 7.1 of the
Indenture (as superseded by subsection 13 of Section 1.01 of the Eighteenth
Supplemental Indenture) or the provisions of subsection 12(a) or subsection 12(b) of
Section 1.01 of the Eighteenth Supplemental Indenture.”
(b) In addition, Section 5.1 of the Indenture is further supplemented by adding
the following paragraph thereto:
“If an Event of Default occurs at any time by reason of any willful action (or inaction) taken
(or not taken) by or on behalf of the Company with the intention of avoiding payment of the premium
that the Company would have had to pay if the Company then had elected to redeem the Notes pursuant
to Article 11 of the Indenture and subsection 5 of Section 1.01 of the Eighteenth Supplemental
Indenture, then,
17
upon acceleration of the Notes, an equivalent premium shall also become and be
immediately due and payable, to the extent permitted by law, anything in the Indenture or in the
Notes to the contrary notwithstanding.”
(16) Section 8.1 of the Indenture is hereby supplemented by adding the following as
subsection (m) thereof in respect of the Notes:
“(m) to provide for the issuance of Additional Notes (as defined in the
Eighteenth Supplemental Indenture) in accordance with the limitations set forth in
the Eighteenth Supplemental Indenture as of the date thereof.”
(17) Section 15.4 of the Indenture is hereby supplemented to include the following
as clause (d) of such Section in respect of the Notes:
“(d) In the event that any Subsidiary Guarantor ceases to be a guarantor under, or to pledge
any of its assets to secure obligations under, the Credit Facility, such Guarantor shall be
released from all of its obligations under its Senior Guarantee endorsed on the Securities and
under this Article 15.”
(18) The Notes shall not be issuable as Bearer Securities.
(19) Interest on any Note shall be payable only to the Person in whose name that
Note (or one or more predecessor Notes thereof) is registered at the close of business on the
Regular Record Date for such interest.
(20) Article 4 of the Indenture shall be applicable to the Notes.
(21) The Notes shall not be issuable in definitive form except under the
circumstances described in Section 2.1 of the Indenture.
Section 1.02 FORMS.
(1) Attached hereto as Exhibit A is a true and correct copy of the Form of
Note representing the Company’s Notes.
(2) The form of Senior Guarantee shall be as set forth in Section 2.3 of the
Indenture.
ARTICLE II.
TRANSFER AND EXCHANGE
TRANSFER AND EXCHANGE
Section 2.01 GENERAL.
Sections 2.4, 3.2 and 3.3 of the Indenture are hereby modified and superseded as follows:
(a) General. The Notes and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibit A hereto. The Notes may have notations, legends or
endorsements required by law, stock exchange rule or usage. Each Note shall be dated the date of
its authentication. The Notes shall be in denominations of $1,000 and integral multiples thereof.
The terms and provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Eighteenth Supplemental Indenture and the Company, the Guarantors and the
Trustee, by their execution and delivery of this Eighteenth Supplemental Indenture, expressly agree
to such terms and
18
provisions and to be bound thereby. However, to the extent any provision of any
Note conflicts with the express provisions of this Eighteenth Supplemental Indenture, the
provisions of this Eighteenth Supplemental Indenture shall govern and be controlling.
(b) Global Notes. Notes issued in global form shall be substantially in the form of
Exhibit A attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges
of Interests in the Global Note” attached thereto). Notes issued in definitive form shall be
substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon
and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each
Global Note shall represent such of the outstanding Notes as shall be specified therein and each
shall provide that it shall represent the aggregate principal amount of outstanding Notes from time
to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented
thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and
redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in
the aggregate principal amount of outstanding Notes represented thereby shall be made by the
Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by
the Holder thereof as required by Section 2.02 of this Eighteenth Supplemental Indenture.
Section 2.02 REGISTRATION, TRANSFER AND EXCHANGE.
Section 3.5 of the Indenture is hereby modified and superseded in its entirety as follows in
respect of the Notes:
(a) Transfers of Interests in Global Notes for Definitive Notes. A Global Note may
not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee
of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary
or any such nominee to a successor Depositary or a nominee of such successor Depositary. All
Global Notes shall be exchanged by the Company for Definitive Notes if (i) the Company delivers to
the Trustee notice from the Depositary that it is unwilling or unable to continue to act as
Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in
either case, a successor Depositary is not appointed by the Company within 90 days after the date
of such notice from the Depositary, (ii) the Company in its sole discretion determines that the
Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a
written notice to such effect to the Trustee, or (iii) there shall have occurred and be continuing
a Default or an Event of Default under the Indenture with respect to the Notes. Upon the
occurrence of either of the preceding events in (i), (ii) or (iii) above, Definitive Notes shall be
issued in such names as the Participants and Indirect Participants and the Depositary shall
instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as
provided in Sections 3.6 and 3.4 of the Indenture. Every Note authenticated and delivered in
exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.02 or
Section 3.6 or 3.4 of the Indenture, shall be authenticated and delivered in the form of, and shall
be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in
this Section 2.02(a), however, beneficial interests in a Global Note may be transferred and
exchanged as provided in Section 2.02(b) or (c) of this Eighteenth Supplemental Indenture.
(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer
and exchange of beneficial interests in the Global Notes shall be effected through the Depositary,
in accordance with the provisions of this Eighteenth Supplemental Indenture and the Applicable
Procedures. Transfers of beneficial interests in the Global Notes also shall require compliance
with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other
following subparagraphs, as applicable:
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(i) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Global Note may be transferred to Persons who take delivery thereof
in the form of a beneficial interest in a Global Note. No written orders or
instructions shall be required to be delivered to the Registrar to effect the
transfers described in this Section 2.02(b)(i).
(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes.
In connection with all transfers and exchanges of beneficial interests that are not
subject to Section 2.02(b)(i) above, the transferor of such beneficial interest must
deliver to the Registrar either (A)(1) a written order from a Participant or an
Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to credit or cause to be credited a beneficial
interest in another Global Note in an amount equal to the beneficial interest to be
transferred or exchanged and (2) instructions given in accordance with the Applicable
Procedures containing information regarding the Participant account to be credited
with such increase or (B)(1) a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures
directing the Depositary to cause to be issued a Definitive Note in an amount equal
to the beneficial interest to be transferred or exchanged and (2) instructions given
by the Depositary to the Registrar containing information regarding the Person in
whose name such Definitive Note shall be registered to effect the transfer or
exchange referred to in (1) above. Upon satisfaction of all of the requirements for
transfer or exchange of beneficial interests in Global Notes contained in this
Eighteenth Supplemental Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount of the relevant Global
Note(s) pursuant to Section 2.02(g) of this Eighteenth Supplemental Indenture.
(c) Transfer or Exchange of Beneficial Interests for Definitive Notes.
If any Holder of a beneficial interest in a Global Note proposes to exchange
such beneficial interest for a Definitive Note or to transfer such beneficial
interest to a Person who takes delivery thereof in the form of a Definitive Note,
then, upon satisfaction of the conditions set forth in Section 2.02(b)(ii) of this
Eighteenth Supplemental Indenture, the Trustee shall cause the aggregate principal
amount of the applicable Global Note to be reduced accordingly pursuant to Section
2.02(g) of this Eighteenth Supplemental Indenture, and the Company shall execute and
the Trustee shall authenticate and deliver to the Person designated in the
instructions a Definitive Note in the appropriate principal amount. Any Definitive
Note issued in exchange for a beneficial interest pursuant to this Section 2.02(c)
shall be registered in such name or names and in such authorized denomination or
denominations as the Holder of such beneficial interest shall instruct the Registrar
through instructions from the Depositary and the Participant or Indirect Participant.
The Trustee shall deliver such Definitive Notes to the Persons in whose names such
Notes are so registered. Any Definitive Note issued in exchange for a beneficial
interest pursuant to this Section 2.02(c) shall not bear the Global Note Legend.
(d) Transfer and Exchange of Definitive Notes for Beneficial Interests.
A Holder of a Definitive Note may exchange such Note for a beneficial interest
in a Global Note or transfer such Definitive Note to a Person who takes delivery
thereof in the form of a beneficial interest in a Global Note at any time. Upon
receipt of a request for such an exchange or transfer, the Trustee shall cancel the
applicable Definitive Note and
increase or cause to be increased the aggregate
principal amount of one of the Global Notes.
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(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a
Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section
2.02(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder shall present or surrender to the
Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in
form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized
in writing. In addition, the requesting Holder shall provide any additional certifications,
documents and information, as applicable, required pursuant to the following provisions of this
Section 2.02(e).
A Holder of Definitive Notes may transfer such Notes to a Person who takes delivery thereof in
the form of a Definitive Note. Upon receipt of a request to register such a transfer, the
Registrar shall register the Definitive Notes pursuant to the instructions from the Holder thereof.
(f) Legends. Each Global Note issued under this Eighteenth Supplemental Indenture
shall bear a legend in substantially the following form, unless specifically stated otherwise in
the applicable provisions of this Eighteenth Supplemental Indenture.
“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY
CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY
BE REQUIRED PURSUANT TO SECTION 3.6 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY
BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.5 OF THE INDENTURE,
(III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION
PURSUANT TO SECTION 3.9 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE
TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE
COMPANY.”
(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial
interests in a particular Global Note have been exchanged for Definitive Notes or a particular
Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global
Note will be returned to or retained and canceled by the Trustee in accordance with Section 3.9 of
the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note
is exchanged for or transferred to a Person who will take delivery thereof in the form of a
beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes
represented by such Global Note shall be reduced accordingly and an endorsement shall be made on
such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect
such reduction; and if the beneficial interest is being exchanged for or transferred to a Person
who shall take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
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(h) General Provisions Relating to Transfers and Exchanges.
(i) To permit registrations of transfers and exchanges, the Company shall
execute and the Trustee shall authenticate Global Notes and Definitive Notes upon the
Company’s order or at the Registrar’s request.
(ii) No service charge shall be made to a Holder of a beneficial interest in a
Global Note or to a Holder of a Definitive Note for any registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
transfer tax or similar governmental charge payable in connection therewith (other
than any such transfer taxes or similar governmental charge payable upon exchange or
transfer pursuant to Sections 3.4, 8.6 and 11.7 of the Indenture and subsections
12(a) and 12(b) of Section 1.01 of this Eighteenth Supplemental Indenture).
(iii) The Registrar shall not be required to register the transfer of or
exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part.
(iv) All Global Notes and Definitive Notes issued upon any registration of
transfer or exchange of Global Notes or Definitive Notes shall be the valid
obligations of the Company, evidencing the same debt, and entitled to the same
benefits of the Indenture, as the Global Notes or Definitive Notes surrendered upon
such registration of transfer or exchange.
(v) The Company shall not be required (A) to issue, to register the transfer of
or to exchange any Notes during a period beginning at the opening of business 15 days
before the day of any selection of Notes for redemption under Section 11.3 of the
Indenture and ending at the close of business on the day of selection, (B) to
register the transfer of or to exchange any Note so selected for redemption in whole
or in part, except the unredeemed portion of any Note being redeemed in part or (C)
to register the transfer of or to exchange a Note between a record date and the next
succeeding Interest Payment Date.
(vi) Prior to due presentment for the registration of a transfer of any Note,
the Trustee, any Agent and the Company may deem and treat the Person in whose name
any Note is registered as the absolute owner of such Note for the purpose of
receiving payment of principal of and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by
notice to the contrary.
(vii) The Trustee shall authenticate Global Notes and Definitive Notes in
accordance with the provisions of Section 3.3 of the Indenture.
(viii) All certifications, certificates and Opinions of Counsel required to be
submitted to the Registrar pursuant to this Section 2.02 to effect a registration of
transfer or exchange may be submitted by facsimile.
ARTICLE III.
DEFINITIONS
DEFINITIONS
Section 3.01 ADDITIONAL DEFINITIONS.
In addition to the definitions set forth in Article I of the Indenture, the Notes shall
include the following additional definitions, which, in the event of a conflict with the definition
of terms in the Indenture, shall control:
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“Acquired Business” means (a) any Person at least a majority of the capital
stock or other ownership interests of which is acquired after the date hereof by the
Company or a Subsidiary of the Company and (b) any assets constituting a discrete
business or operating unit acquired on or after the date hereof by the Company or a
Subsidiary of the Company.
“Additional Notes” means the aggregate principal amount of Notes (other than the
Initial Notes) issued under the Indenture, as supplemented by this Eighteenth
Supplemental Indenture, in accordance with Section 3.3 of the Indenture and
subsection 12(d) of Section 1.01 of this Eighteenth Supplemental Indenture, as part
of the same series as the Initial Notes.
“Allied NA Senior Notes ” means the 81/2% Senior Notes issued in November 2001,
the 91/4% Senior Notes issued in November 2002, the 77/8% Senior Notes issued in April
2003, the 61/2% Senior Notes issued in November 2003, the 61/8%
and 53/4% Senior Notes issued in January 2004, the 63/8% and 73/8% Senior Notes issued in
April 2004, the 71/4% Senior Notes due 2015 issued in March 2005 and the 71/8% Senior
Notes issued in May 2006.
“Allied NA Waste Group” means, collectively, the Company, Allied and their
respective Subsidiaries, and a member of the Allied NA Waste Group means the Company,
Allied and each of their respective Subsidiaries.
“Apollo” means Apollo Management IV, L.P. or its Permitted Transferees
(exclusive of the Allied NA Waste Group).
“Applicable Procedures” means, with respect to any transfer or exchange of or
for beneficial interests in any Global Note, the rules and procedures of the
Depositary that apply to such transfer or exchange.
“Asset Disposition” by any Person that is the Company or any Restricted
Subsidiary means any transfer, conveyance, sale, lease or other disposition by the
Company or any of its Restricted Subsidiaries (including a consolidation or merger or
other sale of any Restricted Subsidiary with, into or to another Person in a
transaction in which such Subsidiary ceases to be a Restricted Subsidiary of such
Person), of (i) shares of Capital Stock (other than directors’ qualifying shares) or
other ownership interests of a Restricted Subsidiary or (ii) the property or assets
of such Person or any Restricted Subsidiary representing a division or line or
business or (iii) other assets or rights of such Person or any Restricted Subsidiary
outside of the ordinary course of business, but excluding in each case in clauses
(i), (ii) and (iii), (x) a disposition by a Subsidiary of such Person to such Person
or a Restricted Subsidiary or by such Person to a Restricted Subsidiary, (y) the
disposition of all or substantially all of the assets of the Company in a manner
permitted pursuant to the provisions of Article 7 of the Indenture (as superseded by
subsection 13 of Section 1.01 hereof) of the Company and (z) any disposition that
constitutes a Restricted Payment or Permitted Investment that is permitted pursuant
to the provisions of subsection 12(e) of Section 1.01 of this Eighteenth Supplemental
Indenture.
“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law
for the relief of debtors.
“BFI ” means Xxxxxxxx-Xxxxxx Industries, Inc.
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“BFI Notes” means the 6.375% Senior Notes issued January 1996, the 7.4%
Debentures issued September 1995, and the 9.25% Debentures issued May 1991 by BFI.
“Blackstone” means the collective reference to (i) Blackstone Capital Partners
III Merchant Banking Fund L.P., a Delaware limited partnership, Blackstone Capital
Partners II Merchant Banking Fund L.P., a Delaware limited partnership, Blackstone
Offshore Capital Partners III L.P., a Cayman Islands limited partnership, Blackstone
Offshore Capital Partners II L.P., a Cayman Islands limited partnership, Blackstone
Family Investment Partnership III L.P., a Delaware limited partnership, and
Blackstone Family Investment Partnership II L.P., a Cayman Islands limited
partnership (each of the foregoing, a “Blackstone Fund”) and (ii) each Affiliate of
any Blackstone Fund that is not an operating company or Controlled by an operating
company and each general partner of any Blackstone Fund or any Blackstone Affiliate
who is a partner or employee of the Blackstone Group L.P.
“Capital Lease Obligation” of any Person means the obligation to pay rent or
other payment amounts under a lease of (or other arrangements conveying the right to
use) real or personal property of such Person which is required to be classified and
accounted for as a capital lease or a liability on a balance sheet of such Person in
accordance with generally accepted accounting principles. The stated maturity of such
obligation shall be the date of the last payment of rent or any other amount due
under such lease prior to the first date upon which such lease may be terminated by
the lessee without payment of a penalty. The principal amount of such obligation
shall be the capitalized amount thereof that would appear on a balance sheet of such
Person in accordance with generally accepted accounting principles.
“Capital Stock” of any Person means any and all shares, interests,
participations or other equivalents (however designated) of corporate stock or other
equity participations, including partnership interests, whether general or limited,
of such Person.
“Cash Equivalents” means (i) United States dollars, (ii) securities either
issued directly or fully guaranteed or insured by the government of the United States
of America or any agency or instrumentality thereof having maturities of not more
than one year, (iii) time deposits and certificates of deposit, demand deposits and
banker’s acceptances having maturities of not more than one year from the date of
deposit, of any domestic commercial bank having capital and surplus in excess of $500
million, (iv) demand deposits made in the ordinary course of business and consistent
with the Company’s customary cash management policy in any domestic office of any
commercial bank organized under the laws of the United States of America or any State
thereof, (v) insured deposits issued by commercial banks of the type described in
clause (iv) above, (vi) mutual funds whose investment guidelines restrict such funds’
investments primarily to those satisfying the provisions of clauses (i) through (iii)
above, (vii) repurchase obligations with a term of not more than 90 days for
underlying securities of the types described in clauses (ii) and (iii) above entered
into with any bank meeting the qualifications specified in clause (iii) above and
(viii) commercial paper (other than commercial paper issued by an Affiliate or
Related Person) rated A-1 or the equivalent thereof by Standard & Poor’s Ratings
Group or P-1 or the equivalent thereof by Xxxxx’x Investors Services, Inc., and in
each case maturing within 360 days.
“Common Stock” of any Person means Capital Stock of such Person that does not
rank prior to the payment of dividends or as of the distribution of assets upon any
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voluntary liquidation, dissolution or winding up of such Person, to shares of Capital
Stock of any other class of such Person.
“Comparable Treasury Issue” means, with respect to the Notes, on any date the United
States Treasury security selected by an Independent Investment Banker as having a maturity
comparable to the remaining term of such Notes on such date that would be utilized, at the
time of selection and in accordance with customary financial practice, in pricing new issues
of corporate debt securities of a maturity comparable to the remaining term of the Notes on
such date. “Independent Investment Banker” means UBS Securities LLC, or if such firm is
unwilling or unable to select the Comparable Treasury Issue, an independent investment
banking institution of national standing appointed by the Trustee.
“Comparable Treasury Price” means, with respect to any Redemption Date for any issue of
Notes,
(i) the average of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) on the third business day
preceding such Redemption Date, as set forth in the daily statistical release (or any
successor release) published by the Federal Reserve Bank of New York and designated
“Composite 3:30 p.m. Quotations for U.S. Government Securities” or
(ii) if such release (or any successor release) is not published or does not contain
such prices on such business day:
(a) the average of the Reference Treasury Dealer Quotations for such Redemption
Date after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or
(b) if the Company obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.
“Consolidated EBITDA” of any Person means for any period the Consolidated Net
Income for such period increased by the sum of (without duplication) (i) Consolidated
Interest Expense of such Person for such period, plus (ii) Consolidated Income Tax
Expense of such Person for such period, plus (iii) the consolidated depreciation and
amortization expense deducted in determining the Consolidated Net Income of such
Person for such period; plus (iv) the aggregate amount of letter of credit fees
accrued during such period; plus (v) all non-cash non-recurring charges during such
period, including charges for costs related to acquisitions (it being understood that
(x) non-cash non-recurring charges shall not include accruals for closure and
post-closure liabilities and (y) charges shall be deemed non-cash charges until the
period during which cash disbursements attributable to such charges are made, at
which point such charges shall be deemed cash charges; provided that, for purposes of
this clause (y), the Company shall be required to monitor the actual cash
disbursements only for those non-cash charges that exceed $1 million individually or
that exceed $10 million in the aggregate in any fiscal year); plus (vi) all cash
charges attributable to the execution, delivery and performance of the Indenture or
the Credit Facility, plus (vii) all non-recurring cash charges related to
acquisitions and financings (including amendments thereto); and minus all non-cash
non-recurring gains during such period (to the extent included in determining net
operating income from such period); provided, however, that the Consolidated Interest
Expense, Consolidated Income Tax Expense and consolidated depreciation and
amortization expense
25
of a Consolidated Subsidiary of such Person shall be added to
the Consolidated Net Income pursuant to the foregoing only (x) to the extent and in
the same proportion that the Consolidated Net Income of such Consolidated Subsidiary
was included in calculating the Consolidated Net Income of such Person and (y) only
to the extent that the amount specified in clause (x) is not subject to restrictions
that prevent the payment of dividends or the making of distributions of such Person.
“Consolidated EBITDA Coverage Ratio” of any Person means for any period the
ratio of (i) Consolidated EBITDA of such Person for such period to (ii) the sum of
(A) Consolidated Interest Expense of such Person for such period, plus (B) the annual
interest expense (including the amortization of debt discount) with respect to any
Debt incurred or proposed to be Incurred by such Person or its Consolidated
Subsidiaries since the beginning of such period to the extent not included in clause
(ii)(A), minus (C) Consolidated Interest Expense of such Person with respect to any
Debt that is no longer outstanding or that will no longer be outstanding as a result
of the transaction with respect to which the Consolidated EBITDA Coverage Ratio is
being calculated, to the extent included within clause (ii)(A); provided, however,
that in making such computation, the Consolidated Interest Expense of such Person
attributable to interest on any Debt bearing a floating interest rate shall be
computed on a pro forma basis as if the rate in effect on the date of computation had
been the applicable rate for the entire period, and provided further, that, in the
event such Person or any of its Consolidated Subsidiaries has made acquisitions or
dispositions of assets not in the ordinary course of business (including any other
acquisitions of any other Persons by merger, consolidation or purchase of Capital
Stock) during or after such period, the computation of the Consolidated EBITDA
Coverage Ratio (and for the purpose of such computation, the calculation of
Consolidated Net Income, Consolidated Interest Expense, Consolidated Income Tax
Expense and Consolidated EBITDA) shall be made on a pro forma basis as if the
acquisitions or dispositions had taken place on the first day of such period. In
determining the pro forma adjustments to Consolidated EBITDA to be made with respect
to any Acquired Business for periods prior to the acquisition date thereof, actions
taken by the Company and its Restricted Subsidiaries prior to the first anniversary
of the related acquisition date that result in cost savings with respect to such
Acquired Business shall be deemed to have been taken on the first day of the period
for which Consolidated EBITDA is being determined (with the intent that such cost
savings be effectively annualized by extrapolation from the demonstrated cost savings
since the related acquisition date).
“Consolidated Income Tax Expense” of any Person means for any period the
consolidated provision for income taxes of such Person and its Consolidated
Subsidiaries for such period determined in accordance with generally accepted
accounting principles.
“Consolidated Interest Expense” of any Person means for any period the
consolidated interest expense included in a consolidated income statement (net of
interest income) of such Person and its Consolidated Subsidiaries for such period
determined in accordance with generally accepted accounting principles, including
without limitation or duplication (or, to the extent not so included, with the
addition of), (i) the portion of any rental obligation in respect of any Capital
Lease Obligation allocable to interest expense in accordance with generally accepted
accounting principles; (ii) the amortization of Debt discounts; (iii) any payments or
fees with respect to letters of credit, bankers’ acceptances or similar facilities;
(iv) the net amount due and payable (or minus the net amount receivable), with
respect to any interest rate swap or similar agreement or foreign currency hedge,
exchange or similar agreement; (v) any Preferred Stock dividends declared and paid
26
or payable in cash; and (vi) any interest capitalized in accordance with generally
accepted accounting principles.
“Consolidated Net Income” of any Person means for any period the consolidated
net income (or loss) of such Person and its Consolidated Subsidiaries for such period
determined in accordance with generally accepted accounting principles; provided that
there shall be excluded therefrom (a) for purposes solely of calculating Consolidated
Net Income for purposes of clause (3)(a) of the first paragraph of subsection 12(e)
of Section 1.01 of this Eighteenth Supplemental Indenture the net income (or loss) of
any Person acquired by such Person or a Subsidiary of such Person in a
pooling-of-interests transaction for any period prior to the date of such
transaction, to the extent such net income was distributed to shareholders of such
Person or used to purchase equity securities of such Person prior to the date of such
transaction, (b) the net income (but not net loss) of any Consolidated Subsidiary of
such Person that is subject to restrictions that prevent the payment of dividends or
the making of distributions to such Person to the extent of such restrictions, (c)
the net income (or loss) of any Person that is not a Consolidated Subsidiary of such
Person except to the extent of the amount of dividends or other distributions
actually paid to such Person by such other Person during such period, (d) gains or
losses on asset dispositions by such Person or its Consolidated Subsidiaries, (e) any
net income (or loss) of a Consolidated Subsidiary that is attributable to a minority
interest in such Consolidated Subsidiary, (f) all extraordinary gains and
extraordinary losses that involve a present or future cash payment, (g) all non-cash
non-recurring charges during such period, including charges for acquisition related
costs (it being understood that (A) non-cash non-recurring charges shall not include
accruals for closure and post closure liabilities and (B) charges, other than charges
for the accruals referred to in (A) above, shall be deemed non-cash charges until the
period that cash disbursements attributable to such charges are made, at which point
such charges shall be deemed cash charges) and (h) the tax effect of any of the items
described in clauses (a) through (g) above.
“Consolidated Subsidiaries” of any Person means all other Persons that would be
accounted for as consolidated Persons in such Person’s financial statements in
accordance with generally accepted accounting principles; provided, however, that,
for any particular period during which any Subsidiary of such Person was an
Unrestricted Subsidiary, “Consolidated Subsidiaries” shall exclude such Subsidiary
for such period (or portion thereof) during which it was an Unrestricted Subsidiary.
“Consolidated Total Assets” of any Person at any date means the consolidated
total assets of such Person and its Restricted Subsidiaries at such date as
determined on a consolidated basis in accordance with generally accepted accounting
principles.
“Continuing Directors” means, as of any date of determination with respect to
any Person, any member of the Board of Directors of such Person who:
(1) was a member of such Board of Directors on the Issue Date; or
(2) was nominated for election or elected to such Board of Directors with
the approval of a majority of the Continuing Directors who were members of such
Board at the time of such nomination or election.
“Credit Facility” means the Credit Agreement, dated July 21, 1999, as amended
and restated as of August 20, 2003, as further amended and restated as of November
20, 2003,
27
as further amended and restated as of March 30, 2004, as further amended
and restated as of June 16, 2004 and as further amended and restated as of March 21,
2005, among the Company, Allied, certain lenders party thereto, and JPMorgan Chase
Bank, N.A., as Administrative Agent and Collateral Agent, and Citicorp North America,
Inc., as Syndication Agent, as amended, or any bank credit agreement that replaces,
amends, supplements, restates or renews such Credit Facility.
“Custodian” means the Trustee, as custodian with respect to the Notes in global
form, or any successor entity thereto.
“Definitive Note” means a certificated Note registered in the name of the
Holder thereof and issued in accordance with Section 2.02 of this Eighteenth
Supplemental Indenture, substantially in the form of Exhibit A hereto except that
such Note shall not bear the Global Note Legend and shall not have the “Schedule of
Exchanges of Interests in the Global Note” attached thereto.
“Depositary” means, with respect to the Notes issuable or issued in whole or in
part in global form, the Person specified in Section 3.1(b) of the Indenture as the
Depositary with respect to the Notes, and any and all successors thereto appointed as
depositary hereunder and having become such pursuant to the applicable provision of
this Eighteenth Supplemental Indenture.
“Designated Noncash Consideration” means the fair market value of non-cash
consideration received by the Company or one of its Restricted Subsidiaries in
connection with an Asset Disposition that is so designated as Designated Noncash
Consideration pursuant to an Officers’ Certificate, setting forth the basis of such
valuation, executed by the principal executive officer and the principal financial
officer of the Company, less the amount of cash or Cash Equivalents received in
connection with a sale of such Designated Noncash Consideration.
“Excepted Disposition” means a transfer, conveyance, sale, lease or other
disposition by the Company or any Restricted Subsidiary of any asset of the Company
or any Restricted Subsidiary the fair market value of which itself does not exceed
2.5% of Consolidated Total Assets of the Company and which in the aggregate with all
other assets disposed of in Excepted Dispositions in any fiscal year does not exceed
5% of Consolidated Total Assets of the Company.
“GAAP” means generally accepted accounting principles set forth in the opinions
and pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as have
been approved by a significant segment of the accounting profession, which are in
effect on the date hereof.
“Global Note Legend” means the legend set forth in Section 2.02(f), which is
required to be placed on all Global Notes issued under this Eighteenth Supplemental
Indenture.
“Global Note” means a permanent global Note substantially in the form of Exhibit
A attached hereto that bears the Global Note Legend and that has the “Schedule of
Exchanges
28
of Interests in the Global Note” attached thereto, and that is deposited
with or on behalf of and registered in the name of the Depositary, representing a
series of Notes.
“Guarantee” by any Person means any obligation, contingent or otherwise, of such
Person guaranteeing any Debt, or dividends or distributions on any equity security,
of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including, without limitation, any obligation of such Person (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Debt
or to purchase (or to advance or supply funds for the purchase of) any security for
the payment of such Debt, (ii) to purchase property, securities or services for the
purpose of assuring the holder of such Debt of the payment of such Debt or (iii) to
maintain working capital, equity capital or other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such Debt
(and “Guaranteed,” “Guaranteeing” and “Guarantor” shall have meanings correlative to
the foregoing); provided, however, that the Guarantee by any Person shall not include
endorsements for such Person for collection or deposit, in either case, in the
ordinary course of business.
“Holder” means a Person in whose name a Note is registered.
“Indirect Participant” means a Person who holds a beneficial interest in a
Global Note through a Participant.
“Initial Notes” means the first $750.0 million aggregate principal amount of
Notes issued under this Eighteenth Supplemental Indenture on the date hereof.
“Intercompany Agreements” means the Management Agreements between Allied and the
Company dated November 15, 1996.
“Interest Rate or Currency Protection Agreement” of any Person means any
interest rate protection agreement (including, without limitation, interest rate
swaps, caps, floors, collars, derivative instruments and similar agreements), and/or
other types of interest hedging agreements and any currency protection agreement
(including foreign exchange contracts, currency swap agreements or other currency
hedging arrangements).
“Investment” by any Person in any other Person means (i) any direct or indirect
loan, advance or other extension of credit or capital contribution to or for the
account of such other Person (by means of any transfer of cash or other property to
any Person or any payment for property or services for the account or use of any
Person, or otherwise), (ii) any direct or indirect purchase or other acquisition of
any Capital Stock, bond, note, debenture or other Debt or equity security or evidence
of Debt, or any other ownership interest, issued by such other Person, whether or not
such acquisition is from such or any other Person, (iii) any direct or indirect
payment by such Person on a Guarantee of any obligation of or for the account of such
other Person or any direct or indirect issuance by such Person of such a Guarantee or
(iv) any other investment of cash or other property by such Person in or for the
account of such other Person.
“Lien” means, with respect to any property or assets, any mortgage or deed of
trust, pledge, hypothecation, assignment, deposit arrangement, security interest,
lien, charge, easement or title exception, encumbrance, preference, priority or other
security agreement or preferential arrangement of any kind or nature whatsoever on or
with respect to such
29
property or assets (including any conditional sale or other
title retention agreement having substantially the same economic effect as any of the
foregoing).
“Net Available Proceeds” from any Asset Disposition by any Person that is the
Company or any Restricted Subsidiary means cash or readily marketable cash equivalent
received (including by way of sale or discounting of a note, installment receivable,
or other receivable, but excluding any other consideration received in the form of
assumption by the acquiree of Debt or other obligations relating to such properties
or assets or received in any other noncash form) therefrom by such Person, net of (i)
all legal, title and recording tax expenses, commissions and other fees and expenses
Incurred and all federal, state, provincial, foreign and local taxes required to be
accrued as a liability as a consequence of such Asset Disposition, (ii) all payments
made by such Person or its Restricted Subsidiaries on any Debt that is secured by
such assets in accordance with the terms of any Lien upon or with respect to such
assets or that must, by the terms of such Debt or such Lien, or in order to obtain a
necessary consent to such Asset Disposition, or by applicable law, be repaid out of
the proceeds from such Asset Disposition, (iii) amounts provided as a reserve by such
Person or its Restricted Subsidiaries, in accordance with generally accepted
accounting principles, against liabilities under any indemnification obligations to
the buyer in such Asset Disposition (except to the extent and at the time any such
amounts are released from any such reserve, such amounts shall constitute Net
Available Proceeds) and (iv) all distributions and other payments made to minority
interest holders in Restricted Subsidiaries of such Person or joint ventures as a
result of such Asset Disposition.
“Notes” has the meaning assigned to it in the preamble to this Eighteenth
Supplemental Indenture. The Initial Notes and the Additional Notes shall be treated
as a single class for all purposes under the Indenture, as modified, supplemented and
superseded by this Eighteenth Supplemental Indenture.
“Offer Document” has the meaning specified in the definition of “Offer to
Purchase.”
“Offer Expiration Date” has the meaning specified in the definition of “Offer to
Purchase.”
“Offer to Purchase” means an offer, set forth in the Offer Document sent by the
Company by first class mail, postage prepaid, to each Holder at his address appearing
in the Note Register on the date of the Offer Document, to purchase up to the
principal amount of Notes specified in such Offer Document at the purchase price (the
“Purchase Price”) specified in such Offer Document (as determined pursuant to this
Eighteenth Supplemental Indenture). Unless otherwise required by applicable law, the
Offer Document shall specify the Offer Expiration Date of the Offer to Purchase which
shall be, subject to any contrary requirements of applicable law, not less than 30
days or more than 60 days after the date of such Offer Document and the Purchase Date
for the purchase of Notes within five Business Days after the Offer Expiration Date.
The Offer Document shall be mailed by the Company or, at the Company’s request, by
the Trustee in the name and at the expense of the Company. The Offer Document shall
contain information concerning the business of the Company and its Subsidiaries which
the Company in good faith believes will enable such Holders to make an informed
decision with respect to the Offer to Purchase (which at a minimum shall include or
include or incorporate by reference (i) the most recent annual and quarterly
financial statements and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” required to be
30
filed with the Trustee pursuant to subsection 12(i) of Section 1.01 of this
Eighteenth Supplemental Indenture (which requirements may be satisfied by delivery of
such documents together with the Offer to Purchase), and (ii) any other information
required by applicable law to be included therein. The Offer Document shall contain
all instructions and materials necessary to enable such Holder to tender Securities
pursuant to the Offer to Purchase. The Offer Document shall also state:
(1) the Section of this Eighteenth Supplemental Indenture pursuant to which the
Offer to Purchase is being made;
(2) the Offer Expiration Date and the Purchase Date;
(3) the aggregate principal amount of the Outstanding Notes offered to be
purchased by the Company pursuant to the Offer to Purchase (including, if less than
100%, the manner by which such amount has been determined as required by this
Eighteenth Supplemental Indenture) (the “Purchase Amount”);
(4) the purchase price to be paid by the Company for each $1,000 aggregate
principal amount of Notes accepted for payment (as specified pursuant to this
Eighteenth Supplemental Indenture);
(5) that the Holder may tender all or any portion of the Notes registered in the
name of such Holder and that any portion of a Note tendered must be tendered in an
integral multiple of $1,000 principal amount;
(6) the place or places where Notes are to be surrendered for tender pursuant to
the Offer to Purchase;
(7) that interest on any Note not tendered or tendered but not purchased by the
Company pursuant to the Offer to Purchase shall continue to accrue;
(8) that on the Purchase Date the purchase price shall become due and payable
upon each Security accepted for payment pursuant to the Offer to Purchase and that
interest thereon shall cease to accrue on and after the Purchase Date;
(9) that each Holder electing to tender a Note pursuant to the Offer to Purchase
shall be required to surrender such Note at the place or places specified in the
Offer Document prior to the close of business on the Offer Expiration Date (such
Note being, if the Company or the Trustee so requires, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company
and the Trustee duly executed by, the Holder thereof or his attorney duly authorize
in writing and bearing appropriate signature guarantees);
(10) that Holders shall be entitled to withdraw all or any portion of Notes
tendered if the Company (or its Paying Agent) receives, not later than the close of
business on the Offer Expiration Date, a telegram, telex, facsimile transmission or
letter setting forth the name of the Holder, the principal amount of the Note the
Holder tendered and a statement that such Holder is withdrawing all or a portion of
his tender;
(11) that (a) if Notes in an aggregate principal amount less than or equal to
the Purchase Amount are duly tendered and not withdrawn pursuant to the Offer to
Purchase,
31
the Company shall purchase all such Notes and (b) if Notes in an aggregate
principal amount in excess of the Purchase Amount are tendered and not withdrawn
pursuant to the Offer to Purchase, the Company shall purchase Notes having an
aggregate principal amount equal to the Purchase Amount on a pro rata basis (with
such adjustments as may be deem appropriate so that only Securities in denominations
of $1,000 or integral multiples thereof shall be purchased); and
(12) that in the case of any Holder whose Note is purchased only in part, the
Company shall execute, and the Trustee shall authenticate and deliver to the Holder
of such Note without service charge, a new Note or Notes, of any authorized
denomination as requested by such Holder, in an aggregate amount equal to and in
exchange for the unpurchased portion of the Security so tendered.
Any Offer to Purchase shall be governed by and effected in accordance with the Offer
Document for such Offer to Purchase.
“Officers’ Certificate” means a certificate that meets the requirements listed
under the definition of Opinion of Counsel signed on behalf of the Company by two
officers of the Company, one of whom must be the principal executive officer, the
principal financial officer, the treasurer or the principal accounting officer of the
Company.
“Opinion of Counsel” means a certificate or opinion with respect to compliance
with a condition or covenant provided in this Eighteenth Supplemental Indenture from
legal counsel, who may be an employee of or counsel to the Company, any Subsidiary of
the Company or the Trustee, that complies with the provisions of TIA §314(e) and
includes: (i) a statement that the Person making such certificate or opinion has read
such covenant or condition; (ii) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; (iii) a statement that, in the opinion of such
Person, he or she has made such examination or investigation as is necessary to enable
him to express an informed opinion as to whether or not such covenant or condition has
been satisfied; and (iv) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been satisfied.
“pari passu” when used with respect to the ranking of any Debt of any Person in
relation to other Debt of such Person means that each such Debt (a) either (i) is not
subordinated in right of payment to any other Debt of such Person or (ii) is
subordinate in right of payment to the same Debt of such Person as is the other Debt
and is so subordinate to the same extent and (b) is not subordinate in right of
payment to the other Debt or to any Debt of such Person as to which the other Debt is
not so subordinate.
“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a
Person who has an account with the Depositary, Euroclear or Clearstream, respectively
(and, with respect to DTC, shall include Euroclear and Clearstream).
“Permitted Allied Successor” means (i) an issuer, other than Allied, of Voting
Securities issued to the shareholders of Allied in a merger, consolidation or other
transaction permitted by clause (i)(c) of the definition of Change of Control, (ii)
Apollo and (iii) Blackstone.
32
“Permitted Interest Rate or Currency Protection Agreement” of any Person means
any Interest Rate or Currency Protection Agreement entered into with one or more
financial institutions in the ordinary course of business that is designed to protect
such Person against fluctuations in interest rates or currency exchange rates with
respect to Debt incurred and which shall have a notional amount no greater than the
payments due with respect to the Debt being hedged thereby.
“Permitted Investment” means (i) Investments in the Company or any Person that
is, or as a consequence of such investment becomes, a Restricted Subsidiary, (ii)
securities either issued directly or fully guaranteed or insured by the government of
the United States of America or any agency or instrumentality thereof having
maturities of not more than one year, (iii) time deposits and certificates of
deposit, demand deposits and banker’s acceptances having maturities of not more than
one year from the date of deposit, of any domestic commercial bank having capital and
surplus in excess of $500 million, (iv) demand deposits made in the ordinary course
of business and consistent with the Company’s customary cash management policy in any
domestic office of any commercial bank organized under the laws of the United States
of America or any State thereof, (v) insured deposits issued by commercial banks of
the type described in clause (iv) above, (vi) mutual funds whose investment
guidelines restrict such funds’ investments primarily to those satisfying the
provisions of clauses (i) through (iii) above, (vii) repurchase obligations with a
term of not more than 90 days for underlying securities of the types described in
clauses (ii) and (iii) above entered into with any bank meeting the qualifications
specified in clause (iii) above, (viii) commercial paper (other than commercial paper
issued by an Affiliate or Related Person) rated A-1 or the equivalent thereof by
Standard & Poor’s Ratings Group or P-1 or the equivalent thereof by Xxxxx’x Investors
Services, Inc., and in each case maturing within 360 days, (ix) receivables owing to
the Company or a Restricted Subsidiary of the Company if created or acquired in the
ordinary course of business and payable or dischargeable in accordance with customary
trade terms and extensions of trade credit in the ordinary course of business, (x)
any Investment consisting of loans and advances to employees of the Company or any
Restricted Subsidiary for travel, entertainment, relocation or other expenses in the
ordinary course of business, (xi) any Investment consisting of loans and advances by
the Company or any Restricted Subsidiary to employees, officers and directors of the
Company or Allied, in connection with management incentive plans not to exceed $25
million at any time outstanding; provided, however, that to the extent the proceeds
thereof are used to purchase Capital Stock (other than Redeemable Interests) of (A)
the Company from the Company or (B) Allied from Allied if Allied uses the proceeds
thereof to acquire Capital Stock (other than Redeemable Interests) of the Company,
such limitation on the amount of such Investments at any time outstanding shall not
apply with respect to such Investments, (xii) any Investment consisting of a
Permitted Interest Rate or Currency Protection Agreement, (xiii) any Investment
acquired by the Company or any of its Restricted Subsidiaries (A) in exchange for any
other Investment or accounts receivable held by the Company or any such Restricted
Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization
or recapitalization of the issuer of such other Investment or accounts receivable or
(B) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries
with respect to any secured Investment or other transfer of title with respect to any
secured Investment in default, (xiv) any Investment that constitutes part of the
consideration from any Asset Disposition made pursuant to, and in compliance with,
subsection 12(a) of Section 1.01 of this Eighteenth Supplemental Indenture, (xv)
Investments the payment for which consists exclusively of Capital Stock (exclusive of
Redeemable Interests) of the Company, and (xvi) other Investments in an
33
aggregate amount not to exceed 15% of the Consolidated Total Assets of the
Company outstanding at any time.
“Permitted Liens” means (i) Liens securing indebtedness under the Credit
Facility that was permitted by the terms of the Indenture to be incurred; (ii) Liens
incurred after the date of this Eighteenth Supplemental Indenture securing Debt of
the Company that ranks pari passu in right of payment to the Notes, so long as the
Notes are secured equally and ratably with such Debt for so long as such Debt is
secured; (iii) Liens in favor of the Company or any Restricted Subsidiary; (iv) Liens
on property of, or shares of Stock or evidences of Debt of, a Person existing at the
time such Person is merged into or consolidated with the Company or any Restricted
Subsidiary of the Company, provided that such Liens were not incurred in
contemplation of such merger or consolidation and do not extend to any assets other
than those of the Person merged into or consolidated with the Company or any
Restricted Subsidiary; (v) Liens on property existing at the time of acquisition
thereof by the Company or any Restricted Subsidiary of the Company, provided that
such Liens were not incurred in contemplation of such acquisition; (vi) Liens
existing on the date of this Eighteenth Supplemental Indenture; (vii) Liens for
taxes, assessments or governmental charges or claims that are not yet delinquent or
that are being contested in good faith by appropriate proceedings promptly instituted
and diligently concluded, provided that any reserve or other appropriate provision as
shall be required in conformity with GAAP shall have been made therefor; (viii) Liens
securing Permitted Refinancing Debt where the Liens securing the Permitted
Refinancing Debt were permitted under the Indenture; (ix) landlords’, carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or the like Liens arising by
contract or statute in the ordinary course of business and with respect to amounts
which are not yet delinquent or are being contested in good faith by appropriate
proceedings; (x) pledges or deposits made in the ordinary course of business (A) in
connection with leases, performance bonds and similar obligations, or (B) in
connection with workers’ compensation, unemployment insurance and other social
security legislation; (xi) easements, rights-of-way, restrictions, minor defects or
irregularities in title and other similar encumbrances which, in the aggregate, do
not materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the Company or such Restricted
Subsidiary; (xii) any attachment or judgment Lien that does not constitute an Event
of Default; (xiii) Liens in favor of the Trustee for its own benefit and for the
benefit of the Holders; (xiv) any interest or title of a lessor pursuant to a lease
constituting a Capital Lease Obligation; (xv) pledges or deposits made in connection
with acquisition agreements or letters of intent entered into in respect of a
proposed acquisition; (xvi) Liens in favor of prior holders of leases on property
acquired by the Company or of sublessors under leases on the Company property; (xvii)
Liens incurred or deposits made to secure the performance of tenders, bids, leases,
statutory or regulatory obligations, banker’s acceptances, surety and appeal bonds,
government contracts, performance and return-of-money bonds and other obligations of
a similar nature incurred in the ordinary course of business (exclusive of
obligations for the payment of borrowed money); (xviii) Liens (including extensions
and renewals thereof) upon real or personal property acquired after the date of this
Eighteenth Supplemental Indenture; provided that (a) any such Lien is created solely
for the purpose of securing Debt incurred, in accordance with subsection 12(d) of
Section 1.01 of this Eighteenth Supplemental Indenture (1) to finance the cost
(including the cost of improvement or construction) of the item, property or assets
subject thereto and such Lien is created prior to, at the time of or within three
months after the later of the acquisition, the completion of construction or the
commencement of full operation of such property or (2) to refinance any Debt
previously so secured, (b) the principal amount of the Debt secured by such Lien
34
does not exceed 100% of such cost and (c) any such Lien shall not extend to or
cover any property or asset other than such item of property or assets and any
improvements on such item; (xix) leases or subleases granted to others that do not
materially interfere with the ordinary course of business of the Company and its
Restricted Subsidiaries, taken as a whole; (xx) Liens arising from filing Uniform
Commercial Code financing statements regarding leases; (xxi) Liens on property of, or
on shares of stock or Debt of, any Person existing at the time such Person becomes,
or becomes a part of, any Restricted Subsidiary, provided that such Liens do not
extend to or cover any property or assets of the Company or any Restricted Subsidiary
other than the property or assets acquired; (xxii) Liens encumbering deposits
securing Debt under Permitted Interest Rate Currency or Commodity Price Agreements;
(xxiii) Liens arising out of conditional sale, title retention, consignment or
similar arrangements for the sale of goods entered into by the Company or any of its
Restricted Subsidiaries in the ordinary course of business in accordance with the
past practices of the Company and its Restricted Subsidiaries; (xxiv) any renewal of
or substitution of any Liens permitted by any of the preceding clauses, provided that
the Debt secured is not increased (other than by the amount of any premium and
accrued interest, plus customary fees, consent payments, expenses and costs related
to such renewal or substitution of Liens or the incurrence of any related refinancing
of Debt) and the Liens are not extended to any additional assets (other than proceeds
and accessions); (xxv) Liens incurred in the ordinary course of business of the
Company or any Restricted Subsidiary of the Company with respect to obligations that
do not exceed $50 million at any one time outstanding and that (a) are not incurred
in connection with the borrowing of money or the obtaining of advances or credit
(other than trade credit in the ordinary course of business) and (b) do not in the
aggregate materially detract from the value of the property or materially impair the
use thereof in the operation of business by the Company or such Restricted
Subsidiary; and (xxvi) Liens on assets of Unrestricted Subsidiaries that secure
non-recourse Debt of Unrestricted Subsidiaries. This definition does not authorize
the incurrence of any Debt not otherwise permitted by subsection 12(d) of Section
1.01 of this Eighteenth Supplemental Indenture.
“Permitted Transferee” means, with respect to any Person: (a) any Affiliate of
such Person; (b) any investment manager, investment advisor, or constituent general
partner of such Person; or (c) any investment fund, investment account, or investment
entity that is organized by such Person or its Affiliates and whose investment
manager, investment advisor, or constituent general partner is such Person or a
Permitted Transferee of such Person.
“Preferred Stock”, as applied to the Capital Stock of any Person, means Capital
Stock of such Person of any class or classes (however designated) that ranks prior,
as to the payment of dividends or as to the distribution of assets upon any voluntary
or involuntary liquidation, dissolution or winding up of such Person, to shares of
Capital Stock of any other class of such Person.
“Public Offering” means any underwritten public offering of Capital Stock
pursuant to a registration statement filed under the Securities Act.
“Purchase Date” means a settlement for the purchase of Notes within five
Business Days after the Offer Expiration Date.
“Reference Treasury Dealer”, means UBS Securities LLC and its successors, provided,
however, that if any of the foregoing shall cease to be a primary U.S. Government securities
35
dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer.
“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Trustee, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at
5:00 p.m. on the third Business Day preceding such Redemption Date.
“Related Business” means a business substantially similar to the business
engaged in by the Company and its Subsidiaries on the date of this Eighteenth
Supplemental Indenture.
“Related Person” of any Person means, without limitation, any other Person
owning (a) 5% or more of the outstanding Common Stock of such Person or (b) 5% or
more of the Voting Stock of such Person.
“Special Purpose Subsidiaries” means Saguaro National Insurance Company, a
Vermont corporation, Global Indemnity Assurance, a Vermont corporation and a
Subsidiary of BFI, Commercial Reassurance Limited, a corporation organized under the
laws of the Republic of Ireland and a Subsidiary of BFI, and Allied Receivables
Funding Incorporated, a Delaware corporation.
“Treasury Yield” means with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury
Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage
of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.
“Unrestricted Subsidiary” means (i) at any date, a Subsidiary of the Company
that is an Unrestricted Subsidiary in accordance with the provisions of subsection
12(j) of Section 1.01 hereof, and (ii) for any period, a Subsidiary of the Company
that for any portion of such period is an Unrestricted Subsidiary in accordance with
the provisions of subsection 12(j) of Section 1.01 hereof, provided that such term
shall mean such Subsidiary only for such portion of such period.
“Voting Stock” of any Person means Capital Stock of such Person that ordinarily
has voting power for the election of directors (or persons performing similar
functions) of such Person, whether at all times or only so long as no senior class of
securities has such voting power by reason of any contingency.
ARTICLE IV.
MISCELLANEOUS
MISCELLANEOUS
Section 4.01 DEFINITIONS.
Capitalized terms used but not defined in this Eighteenth Supplemental Indenture shall have
the meanings ascribed thereto in the Indenture.
36
Section 4.02 CONFIRMATION OF INDENTURE.
The Indenture, as modified, supplemented and superseded by this Eighteenth Supplemental
Indenture, is in all respects ratified and confirmed, and the Indenture and this Eighteenth
Supplemental Indenture shall be read, taken and construed as one and the same instrument.
(References herein to the Indenture shall be deemed to be to the Indenture, as modified,
supplemented and superseded by this Eighteenth Supplemental Indenture).
Section 4.03 CONCERNING THE TRUSTEE.
The Trustee assumes no duties, responsibilities or liabilities by reason of this Eighteenth
Supplemental Indenture other than as set forth in the Indenture and, in carrying out its
responsibilities hereunder, shall have all of the rights, protections and immunities which it
possesses under the Indenture.
Section 4.04 GOVERNING LAW.
This Eighteenth Supplemental Indenture, the Indenture and the Notes shall be governed by and
construed in accordance with the laws of the State of New York without giving effect to any
provisions thereof relating to conflicts of law.
Section 4.05 SEPARABILITY.
In case any provision in this Eighteenth Supplemental Indenture shall for any reason be held
to 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 4.06 COUNTERPARTS.
This Eighteenth Supplemental Indenture 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.
37
IN WITNESS WHEREOF, the parties hereto have caused this Eighteenth Supplemental Indenture to
be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as
of the day and year first above written.
ALLIED WASTE NORTH AMERICA, INC. |
||||||
By: | /s/ Xxxxxxx X. Xxxxxxx | |||||
Name: Xxxxxxx X. Xxxxxxx | ||||||
Title: Treasurer and Vice President | ||||||
ALLIED WASTE INDUSTRIES, INC. for purposes of Article 15 of the Indenture and as Guarantor of the Securities and as Guarantor of the obligations of the Subsidiary Guarantors under the Subsidiary Guarantees |
||||||
By: | /s/ Xxxxxxx X. Xxxxxxx | |||||
Name: Xxxxxxx X. Xxxxxxx | ||||||
Title: Treasurer and Senior Vice President | ||||||
Each of the Subsidiary Guarantors Listed on Schedule I hereto, as Guarantor of the Securities | ||||||||
By : | /s/ Xxxxxxx X. Xxxxxxx | |||||||
Title: Treasurer |
U.S. BANK NATIONAL ASSOCIATION |
||||
By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President | |||
EXHIBIT A
[Face of Note]
CUSIP/CINS
67/8% Senior Notes due 2017
No.
|
$ |
ALLIED WASTE NORTH AMERICA, INC.
promises to pay to Cede &
|
Co., | |||
or registered assigns, |
||||
the principal sum of |
||||
Dollars on June 1, 2017.
Interest Payment Dates: June 1 and December 1, commencing December 1, 2007
Record Dates: May 15 and November 15
Dated:
ALLIED WASTE NORTH AMERICA, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
This is one of the Notes referred to in the
within-mentioned Indenture:
within-mentioned Indenture:
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
as Trustee
By: |
||||
A-1
EXHIBIT A
[Back of Note]
67/8% Senior Notes due 2017
[Insert the Global Note Legend, if applicable pursuant, to the provisions of the Indenture]
Capitalized terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.
1. Interest. Allied Waste North America, Inc., a Delaware corporation (the
“Company”), promises to pay interest on the principal amount of this Note at 67/8% per annum from the
date hereof until maturity. The Company shall pay interest semi-annually in arrears on June 1 and
December 1 of each year, beginning on December 1, 2007, or if any such day is not a Business Day,
on the next succeeding Business Day (each an “Interest Payment Date”). Interest on the Notes shall
accrue from the most recent date to which interest has been paid or, if no interest has been paid,
from the date of issuance; provided that if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on the face hereof
and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that the first Interest Payment Date shall be December 1,
2007. The Company shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate
that is 2% per annum in excess of the rate then in effect; it shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest from time to time on demand at the same rate to the extent lawful. Interest shall be
computed on the basis of a 360 day year of twelve 30 day months.
2. Method of Payment. The Company shall pay interest on the Notes (except
defaulted interest) to the Persons who are registered Holders of Notes at the close of business on
the May 15 or November 15 next preceding the Interest Payment Date, even if such Notes are canceled
after such record date and on or before such Interest Payment Date, except as provided in Section
3.7(b) of the Indenture with respect to defaulted interest. The Notes shall be payable as to
principal, premium and interest at the office or agency of the Company maintained for such purpose
within or without the City and State of New York, or, at the option of the Company, payment of
interest, may be made by check mailed to the Holders at their addresses set forth in the register
of Holders, and provided that payment by wire transfer of immediately available funds shall be
required with respect to principal of and interest and premium on all Global Notes and all other
Notes the Holders of which shall have provided wire transfer instructions to the Company or the
Paying Agent at least 10 Business Days prior to the applicable payment date. Such payment shall be
in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.
3. Paying Agent and Registrar. Initially, U.S. Bank National Association,
the Trustee under the Indenture, shall act as Paying Agent and Registrar. The Company may change
any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries
may act in any such capacity.
4. Indenture. The Company issued the Notes under an Indenture dated as of
December 23, 1998, as amended by the Eighteenth Supplemental Indenture dated as of March 12, 2007
(together, the “Indenture”), each among the Company, the Guarantors and the Trustee. The terms of
the Notes include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are
subject to all such terms, and Holders are referred to the Indenture and such Act for a statement
of such terms. To the extent
A-2
EXHIBIT A
any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture shall govern and be controlling.
5. Optional Redemption.
(a) Except as set forth in subparagraph (b), (c) and (d) of this Paragraph 5, the
Company shall not have the option to redeem the Notes prior to the final maturity of such Notes.
(b) At any time prior to June 1, 2012, the Notes will be subject to redemption, from
time to time and at the option of the Company, in whole or in part, upon not less than 30 nor more
than 60 days’ notice mailed to each Holder of Notes to be redeemed at such Holder’s address
appearing in the Security Register, in amounts of $1,000 or an integral multiple of $1,000, at a
redemption price equal to the greater of (1) 100% of their principal amount or (2) the sum of the
present values of the remaining scheduled payments of principal and interest thereon discounted to
maturity on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Yield plus 50 basis points, plus in each case accrued but unpaid interest to but excluding
the Redemption Date (subject to the rights of Holders of record on the relevant Regular Record Date
to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date).
(c) At any time, or from time to time, prior to June 1, 2010, up to 331/3% in
aggregate principal amount of the Notes originally issued under the Indenture shall be redeemable,
at the option of the Company, from the net proceeds of one or more Public Offerings of Capital
Stock (other than Redeemable Interests) of Allied, at a Redemption Price equal to 106.875% of the
principal amount thereof, together with accrued but unpaid interest to the Redemption Date (subject
to the right of Holders of record on the relevant Regular Record Date to receive interest due on an
Interest Payment Date that is on or prior to the Redemption Date); provided that the notice of
redemption with respect to any such redemption is mailed within 30 days following the closing of
the corresponding Public Offering.
(d) On or after June 1, 2012 the Company may redeem all or a part of the Notes upon not less
than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of
principal amount) set forth below plus accrued and unpaid interest, if any, thereon, to the
applicable redemption date, if redeemed during the twelve-month period beginning on June 1 of the
years indicated below:
Year | Percentage | |||
2012 |
103.438 | % | ||
2013 |
102.292 | % | ||
2014 |
101.146 | % | ||
2015 and thereafter |
100.000 | % |
6. Mandatory Redemption. Except as set forth in paragraph 7 below, the
Company shall not be required to make mandatory redemption payments with respect to the Notes.
7. Repurchase at Option of Holder. The Indenture provides that, subject to
certain conditions, if (i) certain Net Available Proceeds are available to the Company as a result
of Asset Dispositions or (ii) a Change of Control occurs, the Company shall be required to make an
Offer to Purchase for all or a specified portion of the Securities.
8. Notice of Redemption. Notice of redemption shall be mailed no less than
30 days but no more than 60 days before the redemption date to each Holder whose Notes are to be
redeemed at its
A-3
EXHIBIT A
registered address. Notes in denominations larger than $1,000 may be redeemed in part but
only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On
and after the redemption date interest ceases to accrue on Notes or portions thereof called for
redemption.
9. Denominations, Transfer, Exchange. The Notes are in registered form
without coupons in denominations of $1,000 and integral multiples of $1,000. The transfer of Notes
may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Company need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being
redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a
period of 15 days before a selection of Notes to be redeemed or during the period between a record
date and the corresponding Interest Payment Date.
10. Persons Deemed Owners. The registered Holder of a Note may be treated
as its owner for all purposes.
11. Amendment, Supplement and Waiver. The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the Guarantors and the rights of the Holders of the Securities under
the Indenture at any time by the Company, the Guarantors and the Trustee with the consent of the
Holders of a majority in aggregate principal amount of the Notes at the time.
12. Defaults and Remedies. Events of Default include: (i) default for 30
days in the payment when due of interest on the Notes; (ii) default in payment when due of
principal of or premium, if any, on the Notes when the same becomes due and payable at maturity,
upon redemption (including in connection with an Offer to Purchase) or otherwise, (iii) failure by
the Company to comply with subsections 12(a) or 12(b) of Section 1.01 of the Indenture or Article 7
of the Indenture (as superseded by subsection 13 of Section 1.01 of the Eighteenth Supplemental
Indenture); (iv) failure by the Company for 60 days after notice to the Company from the Holders of
at least 10% in principal amount of the Notes (including Additional Notes, if any) then outstanding
voting as a single class to comply with certain other agreements in the Indenture and the Notes;
(v) default under certain other agreements relating to Debt of the Company which default results in
the acceleration of such Debt prior to its express maturity; (vi) certain final judgments for the
payment of money that remain undischarged for a period of 60 days; and (vii) certain events of
bankruptcy or insolvency with respect to the Company, any of its Restricted Subsidiaries or Allied.
If any Event of Default (other than an Event of Default of the type described in clause (vii)
above) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of
the then outstanding Notes may declare all the Notes to be due and payable. Notwithstanding the
foregoing, in the case of an Event of Default arising from certain events of bankruptcy or
insolvency, all outstanding Notes shall become due and payable without further action or notice;
provided, however, that after such acceleration, but before a judgment or decree based on
acceleration, the Holders of a majority in aggregate principal amount of Outstanding Notes of such
issue may, under certain circumstances, rescind and annul such acceleration if all Events of
Default, other than the non-payment of accelerated principal, have been cured or waived as provided
in the Indenture. Holders may not enforce the Indenture or the Notes except as provided in the
Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then
outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a
Default or Event of Default relating to the payment of principal or interest) if it determines that
withholding notice is in their interest. The Holders of a majority in aggregate principal amount
of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the
A-4
EXHIBIT A
Notes waive any existing Default or Event of Default and its consequences under the Indenture
except a continuing Default or Event of Default in the payment of interest on, or the principal of,
the Notes. The Company is required to deliver to the Trustee annually a statement regarding
compliance with the Indenture, and the Company is required upon becoming aware of any Default or
Event of Default, to deliver to the Trustee a statement specifying such Default or Event of
Default.
13. Trustee Dealings with Company. The Trustee, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services for the Company or
its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the
Trustee.
14. No Recourse Against Others. A director, officer, employee,
incorporator or stockholder of the Company, as such, shall not have any liability for any
obligations of the Company under the Notes or the Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives
and releases all such liability. The waiver and release are part of the consideration for the
issuance of the Notes.
15. Authentication. This Note shall not be valid until authenticated by
the manual signature of the Trustee or an authenticating agent.
16. Abbreviations. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST
(= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).
17. CUSIP Numbers. Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a
convenience to Holders. No representation is made as to the accuracy of such numbers either as
printed on the Notes or as contained in any notice of redemption and reliance may be placed only on
the other identification numbers placed thereon.
The Company shall furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to:
ALLIED WASTE NORTH AMERICA, INC.
00000 Xxxxx Xxxxxx Xxx
Xxxxxxx, XX 00000
Attention: Treasurer
00000 Xxxxx Xxxxxx Xxx
Xxxxxxx, XX 00000
Attention: Treasurer
A-5
EXHIBIT A
Assignment Form
To assign this Note, fill in the form below:
(I) or (we) assign and transfer this Note to: |
||||
(Insert assignee’s legal name)
(Insert assignee’s soc. sec. or tax I.D. no.)
(Print or type assignee’s name, address and zip code)
and irrevocably appoint |
||||
to transfer this Note on the books of the Company. The agent may substitute another to act for him. |
Date:
Your Signature: | ||||||
(Sign exactly as your name appears on the face of this Note) |
Signature Guarantee:
A-6
EXHIBIT A
Option of Holder to Elect Purchase
If you want to elect to have this Note purchased by the Company pursuant to subsection 12(a)
or 12(b) of Section 1.01 of the Eighteenth Supplemental Indenture, check the appropriate box below:
o Subsection 12(a) o Subsection 12(b)
If you want to elect to have only part of the Note purchased by the Company pursuant to
subsection 12(a) or 12(b) of Section 1.01 of the Eighteenth Supplemental Indenture, state the
amount you elect to have purchased:
$
Date: ___________
Your Signature: | ||||||
(Sign exactly as your name appears on the face of this Note) |
Tax Identification No.: | ||||||
Signature Guarantee:
A-7
EXHIBIT A
Schedule of Exchanges of Interests in the Global Note
The following exchanges of a part of this Global Note for an interest in another Global Note
or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an
interest in this Global Note, have been made:
Principal Amount | ||||||||||||||||
Amount of | Amount of | of this Global Note | Signature of | |||||||||||||
decrease in | increase in | following such | authorized officer | |||||||||||||
Principal Amount | Principal Amount | decrease (or | of Trustee or Note | |||||||||||||
Date of Exchange | of this Global Note | of this Global Note | increase) | Custodian | ||||||||||||
SCHEDULE I
Guarantors
CORPORATIONS
Name of Company | State of Incorporation | |
Action Disposal, Inc.
|
Texas | |
Ada County Development Company, Inc.
|
Idaho | |
Xxxxxx Landfill, Inc.
|
Michigan | |
ADS of Illinois, Inc.
|
Illinois | |
ADS, Inc.
|
Oklahoma | |
Agri-Tech, Inc. of Oregon
|
Oregon | |
Alabama Recycling Services, Inc.
|
Alabama | |
Albany-Lebanon Sanitation, Inc.
|
Oregon | |
Allied Acquisition Pennsylvania, Inc.
|
Pennsylvania | |
Allied Acquisition Two, Inc.
|
Massachusetts | |
Allied Enviroengineering, Inc.
|
Delaware | |
Allied Green Power, Inc.
|
Delaware | |
Allied Nova Scotia, Inc.
|
Delaware | |
Allied Waste Alabama, Inc.
|
Delaware | |
Allied Waste Company, Inc.
|
Delaware | |
Allied Waste Hauling of Georgia, Inc.
|
Georgia | |
Allied Waste Holdings (Canada) Ltd.
|
Delaware | |
Allied Waste Industries (Arizona), Inc.
|
Arizona | |
Allied Waste Industries (New Mexico), Inc.
|
New Mexico | |
Allied Waste Industries (Southwest), Inc.
|
Arizona | |
Allied Waste Industries of Georgia, Inc.
|
Georgia | |
Allied Waste Industries of Illinois, Inc.
|
Illinois | |
Allied Waste Industries of Northwest Indiana, Inc.
|
Indiana | |
Allied Waste Industries of Tennessee, Inc.
|
Tennessee | |
Allied Waste Industries, Inc.
|
Delaware | |
Allied Waste Landfill Holdings, Inc.
|
Delaware | |
Allied Waste North America, Inc.
|
Delaware | |
Allied Waste of California, Inc.
|
California | |
Allied Waste of Long Island, Inc.
|
New York | |
Allied Waste of New Jersey, Inc.
|
New Jersey | |
Allied Waste Rural Sanitation, Inc.
|
Delaware | |
Allied Waste Services of Page, Inc.
|
Idaho | |
Allied Waste Services of Stillwater, Inc.
|
Oklahoma | |
Allied Waste Systems Holdings, Inc.
|
Delaware | |
Allied Waste Systems, Inc.
|
Delaware | |
Allied Waste Transfer Services of Utah, Inc.
|
Utah | |
Allied Waste Transportation, Inc.
|
Delaware | |
American Disposal Services of Illinois, Inc.
|
Delaware | |
American Disposal Services of Kansas, Inc.
|
Kansas | |
American Disposal Services of Missouri, Inc.
|
Oklahoma |
Name of Company | State of Incorporation | |
American Disposal Services of New Jersey, Inc.
|
Delaware | |
American Disposal Services of West Virginia, Inc.
|
Delaware | |
American Disposal Services, Inc.
|
Delaware | |
American Disposal Transfer Services of Illinois, Inc.
|
Delaware | |
American Materials Recycling Corp.
|
New Jersey | |
American Sanitation, Inc.
|
Idaho | |
Apache Junction Landfill Corporation
|
Arizona | |
Area Disposal, Inc.
|
Illinois | |
Atlantic Waste Holding Company, Inc.
|
Massachusetts | |
Attwoods of North America, Inc.
|
Delaware | |
Automated Modular Systems, Inc.
|
New Jersey | |
Autoshred, Inc.
|
Missouri | |
AWIN Leasing Company, Inc.
|
Delaware | |
AWIN Management, Inc.
|
Delaware | |
BBCO, Inc.
|
Delaware | |
Belleville Landfill, Inc.
|
Missouri | |
BFI Atlantic, Inc.
|
Delaware | |
BFI Energy Systems of Albany, Inc.
|
Delaware | |
BFI Energy Systems of Delaware County, Inc.
|
Delaware | |
BFI Energy Systems of Essex County, Inc.
|
New Jersey | |
BFI Energy Systems of Hempstead, Inc.
|
Delaware | |
BFI Energy Systems of Niagara II, Inc.
|
Delaware | |
BFI Energy Systems of Niagara, Inc.
|
Delaware | |
BFI Energy Systems of SEMASS, Inc.
|
Delaware | |
BFI Energy Systems of Southeastern Connecticut, Inc.
|
Delaware | |
BFI International, Inc.
|
Delaware | |
BFI REF-FUEL, INC.
|
Delaware | |
BFI Trans River (GP), Inc.
|
Delaware | |
BFI Transfer Systems of New Jersey, Inc.
|
New Jersey | |
BFI Waste Systems of New Jersey, Inc.
|
New Jersey | |
BFI Waste Systems of North America, Inc.
|
Delaware | |
Bio-Med of Oregon, Inc.
|
Oregon | |
Bond County Landfill, Inc.
|
Delaware | |
Xxxxxxx Landfill, Inc.
|
California | |
Borrow Pit Corp.
|
Illinois | |
Brickyard Disposal & Recycling, Inc.
|
Illinois | |
Xxxxxxxx-Xxxxxx Financial Services, Inc.
|
Delaware | |
Xxxxxxxx-Xxxxxx Industries Chemical Services, Inc.
|
Nevada | |
Xxxxxxxx-Xxxxxx Industries of California, Inc.
|
California | |
Xxxxxxxx-Xxxxxx Industries of Florida, Inc.
|
Delaware | |
Xxxxxxxx-Xxxxxx Industries of Illinois, Inc.
|
Delaware | |
Xxxxxxxx-Xxxxxx Industries of New Jersey, Inc.
|
New Jersey | |
Xxxxxxxx-Xxxxxx Industries of New York, Inc.
|
New York | |
Xxxxxxxx-Xxxxxx Industries of Ohio, Inc.
|
Delaware | |
Xxxxxxxx-Xxxxxx Industries of Tennessee, Inc.
|
Tennessee | |
Xxxxxxxx-Xxxxxx Industries, Inc. (MA)
|
Massachusetts | |
Xxxxxxxx-Xxxxxx Services, Inc.
|
Delaware |
Name of Company | State of Incorporation | |
Xxxxxxxx-Xxxxxx, Inc.
|
Maryland | |
Xxxxxxx Trash Service, Inc.
|
Colorado | |
Capitol Recycling and Disposal, Inc.
|
Oregon | |
CC Landfill, Inc.
|
Delaware | |
CECOS International, Inc.
|
New York | |
Celina Landfill, Inc.
|
Ohio | |
Central Arizona Transfer, Inc.
|
Arizona | |
Central Sanitary Landfill, Inc.
|
Michigan | |
Xxxxxxxx Development of North Carolina, Inc.
|
North Carolina | |
Charter Evaporation Resource Recovery Systems
|
California | |
Cherokee Run Landfill, Inc.
|
Ohio | |
Citizens Disposal, Inc.
|
Michigan | |
City-Star Services, Inc.
|
Michigan | |
Clarkston Disposal, Inc.
|
Michigan | |
Cocopah Landfill, Inc.
|
Delaware | |
Copper Mountain Landfill, Inc.
|
Delaware | |
Corvallis Disposal Co.
|
Oregon | |
County Disposal (Ohio), Inc.
|
Delaware | |
County Disposal, Inc.
|
Delaware | |
County Landfill, Inc.
|
Delaware | |
Dallas Disposal Co.
|
Oregon | |
Delta Container Corporation
|
California | |
Delta Dade Recycling Corp.
|
Florida | |
Delta Paper Stock, Co.
|
California | |
Delta Resources Corp.
|
Florida | |
Delta Site Development Corp.
|
Florida | |
Delta Waste Corp.
|
Florida | |
Xxxxxxx Waste Systems II, Inc.
|
Ohio | |
Denver RL North, Inc.
|
Colorado | |
Xxxxxxxx, Inc.
|
Michigan | |
DTC Management, Inc.
|
Indiana | |
Eagle Industries Leasing, Inc.
|
Michigan | |
ECDC Environmental of Humboldt County, Inc.
|
Delaware | |
ECDC Holdings, Inc.
|
Delaware | |
Elder Creek Transfer & Recovery, Inc.
|
California | |
Environmental Development Corp.
|
Delaware | |
Environmental Reclamation Company
|
Illinois | |
Environtech, Inc.
|
Delaware | |
Evergreen Scavenger Services, Inc.
|
Delaware | |
X. X. XxXxxxxx Rubbish Removal, Inc.
|
Massachusetts | |
Forward, Inc.
|
California | |
Xxxx Xxxxxxx Trucking Co., Inc.
|
Illinois | |
X. Xxx Xxxxx Disposal Inc.
|
Michigan | |
GEK, Inc.
|
Alabama | |
General Refuse Rolloff Corp.
|
Delaware | |
Georgia Recycling Services, Inc.
|
Delaware | |
Golden Waste Disposal, Inc.
|
Georgia |
Name of Company | State of Incorporation | |
Grants Pass Sanitation, Inc.
|
Oregon | |
Great Lakes Disposal Service, Inc.
|
Delaware | |
Gulfcoast Waste Service, Inc.
|
Florida | |
Harland’s Sanitary Landfill, Inc.
|
Michigan | |
Illinois Landfill, Inc.
|
Illinois | |
Illinois Recycling Services, Inc.
|
Illinois | |
Illinois Valley Recycling, Inc.
|
Illinois | |
Imperial Landfill, Inc.
|
California | |
Independent Trucking Company
|
California | |
Xxxxxx Waste Disposal, Inc.
|
Illinois | |
International Disposal Corp. of California
|
California | |
Island Waste Services Ltd.
|
New York | |
Xxxxxx Disposal, Inc.
|
Iowa | |
Kankakee Quarry, Inc.
|
Illinois | |
Xxxxxx Canyon Landfill Company
|
California | |
Xxxxxx Drop Box, Inc.
|
Oregon | |
La Cañada Disposal Company, Inc.
|
California | |
Lake Xxxxxx Landfill, Inc.
|
North Carolina | |
LandComp Corporation
|
Illinois | |
Lathrop Sunrise Sanitation Corporation
|
California | |
Xxx County Landfill, Inc.
|
Illinois | |
Liberty Waste Holdings, Inc.
|
Delaware | |
Loop Recycling, Inc.
|
Illinois | |
Loop Transfer, Incorporated
|
Illinois | |
Xxxxx Xxxxx & Son, Inc., Sanitation Contractors
|
New Jersey | |
Xxxxx County Land Development, Inc.
|
Delaware | |
Manumit of Florida, Inc.
|
Florida | |
XxXxxxx Waste Systems, Inc.
|
Oregon | |
Mesa Disposal, Inc.
|
Arizona | |
Midway Development Company, Inc.
|
Arizona | |
Mississippi Waste Paper Company
|
Mississippi | |
Mountain Home Disposal, Inc.
|
Delaware | |
NationsWaste Catawba Regional Landfill, Inc.
|
South Carolina | |
NationsWaste, Inc.
|
Delaware | |
Ncorp, Inc.
|
Delaware | |
New Xxxxxx Landfill Company, Inc.
|
Pennsylvania | |
Newco Waste Systems of New Jersey, Inc.
|
New Jersey | |
Noble Road Landfill, Inc.
|
Ohio | |
Northlake Transfer, Inc.
|
Illinois | |
Oakland Heights Development, Inc.
|
Michigan | |
Oscar’s Collection System of Fremont, Inc.
|
Nebraska | |
Otay Landfill, Inc.
|
California | |
Ottawa County Landfill, Inc.
|
Delaware | |
Palomar Transfer Station, Inc.
|
California | |
Xxxxxxx Real Estate Company
|
Oregon | |
Pinal County Landfill Corp.
|
Arizona | |
Pittsburg County Landfill, Inc.
|
Oklahoma |
Name of Company | State of Incorporation | |
Port Clinton Landfill, Inc.
|
Ohio | |
Portable Storage Co.
|
Oregon | |
Xxxxxx County Landfill, Inc.
|
Ohio | |
Price & Sons Recycling Company
|
Georgia | |
Rabanco Recycling, Inc.
|
Washington | |
Rabanco, Ltd.
|
Xxxxxxxxxx | |
Xxxxxx Landfill, Inc.
|
California | |
XX Xxxxxx Enterprises, Inc.
|
Ohio | |
XX Xxxxxx Refuse Service, Inc.
|
Ohio | |
RCS, Inc.
|
Illinois | |
Resource Recovery, Inc.
|
Kansas | |
Risk Services, Inc.
|
Delaware | |
Rock Road Industries, Inc.
|
Missouri | |
Xxxx Bros. Waste & Recycling Co.
|
Ohio | |
Xxxxxxx Sanitary Service, Inc.
|
Oregon | |
Xxxxxx Landfill, Inc.
|
Illinois | |
Royal Holdings, Inc.
|
Michigan | |
S & S Recycling, Inc.
|
Georgia | |
Saline County Landfill, Inc.
|
Illinois | |
San Marcos NCRRF, Inc.
|
California | |
Sangamon Valley Landfill, Inc.
|
Delaware | |
Sanitary Disposal Service, Inc.
|
Michigan | |
Sauk Trail Development, Inc.
|
Michigan | |
Shred — All Recycling Systems, Inc.
|
Illinois | |
Source Recycling, Inc.
|
Oregon | |
Standard Disposal Services, Inc.
|
Michigan | |
Standard Environmental Services, Inc.
|
Michigan | |
Standard Waste, Inc.
|
Delaware | |
Streator Area Landfill, Inc.
|
Illinois | |
Suburban Transfer, Inc.
|
Illinois | |
Suburban Warehouse, Inc.
|
Illinois | |
Summit Waste Systems, Inc.
|
Arizona | |
Sunrise Sanitation Service, Inc.
|
California | |
Sunset Disposal Service, Inc.
|
California | |
Sunset Disposal, Inc.
|
Kansas | |
Sycamore Landfill, Inc.
|
California | |
Xxxx’x Transfer Systems, Inc.
|
Missouri | |
Xxxxxx Ridge Landfill, Inc.
|
Delaware | |
Tennessee Union County Landfill, Inc.
|
Delaware | |
The Ecology Group, Inc.
|
Ohio | |
Xxxxxx Disposal Service, Inc.
|
Missouri | |
Xxx Xxxxxxx’x Disposal Service, Inc.
|
New Jersey | |
Total Solid Waste Recyclers, Inc.
|
New Jersey | |
Tri-State Recycling Services, Inc.
|
Illinois | |
Tri-State Refuse Corporation
|
Arizona | |
Tricil (N.Y.), Inc.
|
New York | |
United Disposal Service, Inc.
|
Oregon |
Name of Company | State of Incorporation | |
Upper Rock Island County Landfill, Inc.
|
Illinois | |
Valley Landfills, Inc.
|
Oregon | |
VHG, Inc.
|
Minnesota | |
Xxxxxx Disposal Service, Inc.
|
Massachusetts | |
Xxxxxx Xxxx Development Company
|
Ohio | |
Wasatch Regional Landfill, Inc.
|
Utah | |
Waste Control Systems, Inc.
|
Oregon | |
Waste Services of New York, Inc.
|
New York | |
Wastehaul, Inc.
|
Indiana | |
Xxxxx County Landfill IL, Inc.
|
Delaware | |
WDTR, Inc.
|
Oregon | |
Willamette Resources, Inc.
|
Oregon | |
Xxxxxxxx County Landfill Inc.
|
Ohio | |
WJR Environmental, Inc.
|
Washington | |
Woodlake Sanitary Service, Inc.
|
Minnesota |
LIMITED LIABILITY COMPANIES
Name of Company | State of Formation | |
Allied Gas Recovery Systems, L.L.C.
|
Delaware | |
Allied Services, LLC
|
Delaware | |
Allied Transfer Systems of New Jersey, LLC
|
New Jersey | |
Allied Waste Environmental Management Group, LLC
|
Delaware | |
Allied Waste Niagara Falls Landfill, LLC
|
New York | |
Allied Waste of New Jersey-New York, LLC
|
Delaware | |
Allied Waste Recycling Services of New Hampshire, LLC
|
Delaware | |
Allied Waste Services of Massachusetts, LLC
|
Massachusetts | |
Allied Waste Services of North America, LLC
|
Delaware | |
Allied Waste Sycamore Landfill, LLC
|
Delaware | |
Allied Waste Systems of Arizona, LLC
|
Arizona | |
Allied Waste Systems of Colorado, LLC
|
Colorado | |
Allied Waste Systems of Indiana, LLC
|
Delaware | |
Allied Waste Systems of Michigan, LLC
|
Michigan | |
Allied Waste Systems of Montana, LLC
|
Montana | |
Allied Waste Systems of New Jersey, LLC
|
New Jersey | |
Allied Waste Systems of North Carolina, LLC
|
North Carolina | |
Allied Waste Systems of Pennsylvania, LLC
|
Pennsylvania | |
Allied Waste Transfer Services of Arizona, LLC
|
Delaware | |
Allied Waste Transfer Services of California, LLC
|
California | |
Allied Waste Transfer Services of Florida, LLC
|
Florida | |
Allied Waste Transfer Services of Iowa, LLC
|
Iowa | |
Allied Waste Transfer Services of New York, LLC
|
New York | |
Allied Waste Transfer Services of North Carolina, LLC
|
North Carolina | |
Allied Waste Transfer Services of Oregon, LLC
|
Oregon | |
Allied Waste Transfer Services of Lima, LLC
|
Ohio | |
Allied Waste Transfer Services of Rhode Island, LLC
|
Delaware | |
Xxxxxxxx Regional Landfill, LLC
|
Delaware | |
Anson County Landfill NC, LLC
|
Delaware | |
Autauga County Landfill, LLC
|
Alabama | |
AWIN Leasing II, LLC
|
Ohio | |
BFGSI, L.L.C.
|
Delaware | |
BFI Transfer Systems of Alabama, LLC
|
Delaware | |
BFI Transfer Systems of DC, LLC
|
Delaware | |
BFI Transfer Systems of Georgia, LLC
|
Delaware | |
BFI Transfer Systems of Maryland, LLC
|
Delaware | |
BFI Transfer Systems of Massachusetts, LLC
|
Massachusetts | |
BFI Transfer Systems of Mississippi, LLC
|
Delaware | |
BFI Transfer Systems of Pennsylvania, LLC
|
Pennsylvania | |
BFI Transfer Systems of Virginia, LLC
|
Delaware | |
BFI Waste Services of Pennsylvania, LLC
|
Pennsylvania | |
BFI Waste Services of Tennessee, LLC
|
Delaware | |
BFI Waste Services, LLC
|
Delaware | |
BFI Waste Systems of Alabama, LLC
|
Delaware |
Name of Company | State of Formation | |
BFI Waste Systems of Arkansas, LLC
|
Delaware | |
BFI Waste Systems of Georgia, LLC
|
Delaware | |
BFI Waste Systems of Kentucky, LLC
|
Delaware | |
BFI Waste Systems of Louisiana, LLC
|
Delaware | |
BFI Waste Systems of Massachusetts, LLC
|
Massachusetts | |
BFI Waste Systems of Mississippi, LLC
|
Delaware | |
BFI Waste Systems of Missouri, LLC
|
Delaware | |
BFI Waste Systems of North Carolina, LLC
|
Delaware | |
BFI Waste Systems of Oklahoma, LLC
|
Oklahoma | |
BFI Waste Systems of South Carolina, LLC
|
Delaware | |
BFI Waste Systems of Tennessee, LLC
|
Delaware | |
BFI Waste Systems of Virginia, LLC
|
Delaware | |
Bridgeton Landfill, LLC
|
Delaware | |
Bridgeton Transfer Station, LLC
|
Delaware | |
Xxxxxxxx-Xxxxxx Industries, LLC
|
Delaware | |
Brundidge Landfill, LLC
|
Delaware | |
Brunswick Waste Management Facility, LLC
|
Delaware | |
Xxxxxx County Landfill, LLC
|
Delaware | |
C & C Expanded Sanitary Landfill, LLC
|
Michigan | |
Carbon Limestone Landfill, LLC
|
Ohio | |
Xxxxxxx Landfill, LLC
|
Delaware | |
County Environmental Landfill, LLC
|
Ohio | |
County Land Development Landfill, LLC
|
Ohio | |
Xxxxxxxx Xxxxx Landfill, LLC
|
Delaware | |
Crescent Acres Landfill, LLC
|
Louisiana | |
Cumberland County Development Company, LLC
|
Virginia | |
D & L Disposal L.L.C.
|
Delaware | |
E Leasing Company, LLC
|
Delaware | |
ECDC Environmental, L.C.
|
Utah | |
Xxxxx Xxxxx Landfill MO, LLC
|
Delaware | |
Envotech-Illinois L.L.C.
|
Delaware | |
Evergreen Scavenger Service, L.L.C.
|
Delaware | |
Flint Hill Road, LLC
|
South Carolina | |
Forest View Landfill, LLC
|
Delaware | |
Frontier Waste Services (Colorado), LLC
|
Colorado | |
Frontier Waste Services (Utah), LLC
|
Utah | |
Frontier Waste Services of Louisiana L.L.C.
|
Louisiana | |
Gateway Landfill, LLC
|
Georgia | |
General Refuse Service of Ohio, LLC
|
Ohio | |
Great Plains Landfill OK, LLC
|
Delaware | |
Greenridge Reclamation, LLC
|
Pennsylvania | |
Greenridge Waste Services, LLC
|
Pennsylvania | |
H Leasing Company, LLC
|
Delaware | |
Xxxxxxx County Development Company, LLC
|
Mississippi | |
Xxxxxxxx County Landfill, LLC
|
Mississippi | |
Xxxxxxx County Landfill, LLC
|
Mississippi | |
Jefferson City Landfill, LLC
|
Delaware |
Name of Company | State of Formation | |
Xxxxxxxxx Xxxxxx Development Company, LLC
|
Louisiana | |
Xxx County Landfill SC, LLC
|
Delaware | |
Lemons Landfill, LLC
|
Delaware | |
Liberty Waste Services Limited, L.L.C.
|
Delaware | |
Liberty Waste Services of Illinois, L.L.C.
|
Illinois | |
Liberty Waste Services of XxXxxx, L.L.C.
|
Delaware | |
Little Creek Landing, LLC
|
Delaware | |
Local Sanitation of Rowan County, L.L.C.
|
Delaware | |
Lorain County Landfill, LLC
|
Ohio | |
Xxxxx County Landfill, LLC
|
Ohio | |
Madison County Development, LLC
|
Tennessee | |
Menands Environmental Solutions, LLC
|
New York | |
Missouri City Landfill, LLC
|
Missouri | |
N Leasing Company, LLC
|
Delaware | |
New York Waste Services, LLC
|
Delaware | |
Northeast Landfill, LLC
|
Delaware | |
Obscurity Land Development, LLC
|
Virginia | |
Oklahoma City Landfill, L.L.C.
|
Oklahoma | |
Packerton Land Company, L.L.C.
|
Delaware | |
Pinecrest Landfill OK, LLC
|
Delaware | |
Polk County Landfill, LLC
|
Delaware | |
Prince George’s County Landfill, LLC
|
Maryland | |
S Leasing Company, LLC
|
Delaware | |
San Diego Landfill Systems, LLC
|
California | |
Sand Valley Holdings, L.L.C.
|
Delaware | |
Show-Me Landfill, LLC
|
Delaware | |
Southeast Landfill, LLC
|
Delaware | |
St. Xxxxxxx Xxxxxx Development Company, LLC
|
Louisiana | |
St. Xxxxxx Landfill, LLC
|
Missouri | |
Total Roll-Offs, L.L.C.
|
Texas | |
Xxxxx County Land Development, LLC
|
New York | |
Webster Parish Landfill, L.L.C.
|
Delaware | |
Willow Ridge Landfill, LLC
|
Delaware |
PARTNERSHIPS
Name of Company | Sate of Formation | |
Abilene Landfill TX, LP
|
Delaware | |
Xxxxxx Valley Landfill General Partnership
|
Kentucky | |
Xxxxxx County Development Company
|
Indiana | |
BFI Xxxxxxx Landfill TX, LP
|
Delaware | |
BFI Energy Systems of Southeastern Connecticut, Limited
Partnership
|
Delaware | |
BFI Transfer Systems of Texas, LP
|
Delaware | |
BFI Waste Services of Indiana, LP
|
Delaware | |
BFI Waste Services of Texas, LP
|
Delaware | |
BFI Waste Systems of Indiana, LP
|
Delaware | |
Blue Ridge Landfill General Partnership
|
Kentucky | |
Blue Ridge Landfill TX, LP
|
Delaware | |
Brenham Total Roll-Offs, LP
|
Delaware | |
Camelot Landfill TX, LP
|
Delaware | |
Clinton County Landfill Partnership
|
Indiana | |
County Line Landfill Partnership
|
Indiana | |
Crow Landfill TX, L.P.
|
Delaware | |
Desarrollo del Rancho La Xxxxxx TX, LP
|
Texas | |
El Centro Landfill, L.P.
|
Texas | |
Xxxxx County Landfill TX, LP
|
Delaware | |
Fort Worth Landfill TX, LP
|
Delaware | |
Frontier Waste Services, L.P.
|
Texas | |
Galveston County Landfill TX, LP
|
Delaware | |
Xxxxx Road Landfill TX, LP
|
Delaware | |
Golden Triangle Landfill TX, LP
|
Delaware | |
Green Valley Landfill General Partnership
|
Kentucky | |
Greenwood Landfill TX, LP
|
Delaware | |
Gulf West Landfill TX, LP
|
Delaware | |
Illiana Disposal Partnership
|
Indiana | |
Itasca Landfill TX, LP
|
Delaware | |
Jasper County Development Company Partnership
|
Indiana | |
Kerrville Landfill TX, LP
|
Delaware | |
Key Waste Indiana Partnership
|
Indiana | |
Lake County C & D Development Partnership
|
Indiana | |
Lewisville Landfill TX, LP
|
Delaware | |
Mars Road TX, LP
|
Delaware | |
XxXxxxx Road Landfill TX, LP
|
Delaware | |
Mesquite Landfill TX, LP
|
Delaware | |
Mexia Landfill TX, LP
|
Delaware | |
Xxxxxxxx Landfill General Partnership
|
Kentucky | |
Xxxxxx County Landfill Partnership
|
Indiana | |
Panama Road Landfill, TX, L.P.
|
Delaware | |
Pine Hill Farms Landfill TX, LP
|
Delaware | |
Pleasant Oaks Landfill TX, LP
|
Delaware | |
Rabanco Companies
|
Washington |
Name of Company | Sate of Formation | |
Regional Disposal Company
|
Washington | |
Rio Grande Valley Landfill TX, LP
|
Delaware | |
Royal Oaks Landfill TX, LP
|
Delaware | |
South Central Texas Land Co. TX, LP
|
Texas | |
Southwest Landfill TX, LP
|
Delaware | |
Springfield Environmental General Partnership
|
Indiana | |
Xxxxxxx Road Landfill TX, LP
|
Delaware | |
Tippecanoe County Waste Services Partnership
|
Indiana | |
Turkey Creek Landfill TX, LP
|
Delaware | |
Victoria Landfill TX, LP
|
Delaware | |
Xxxxxxx County Development Company
|
Indiana | |
Whispering Pines Landfill TX, LP
|
Delaware |