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EXHIBIT 4.15
FOURTH SUPPLEMENTAL INDENTURE
THIS FOURTH SUPPLEMENTAL INDENTURE, dated as of July 1, 1998, is executed
by Naporano Iron & Metal Co., a New Jersey corporation ("Naporano") and NIMCO
Shredding Co., a New Jersey corporation ("NIMCO") both of which are
wholly-owned subsidiaries of METAL MANAGEMENT, INC., a Delaware corporation
(the "Company"), for the sole purpose of granting a guarantee under the
Indenture (as amended from time to time, the "Indenture"), dated as of May 13,
1998, with respect to the Company's 10% Senior Subordinated Notes due 2008 (the
"Notes"), entered into among the Company, the Guarantors (as defined therein)
and LASALLE NATIONAL BANK, as trustee (the "Trustee").
PRELIMINARY STATEMENT
The Company, the Guarantors and the Trustee have entered into the
Indenture. Capitalized terms used herein, not otherwise defined herein, shall
have the meanings given them in the Indenture.
Section 4.18 of the Indenture expressly provides that any Restricted
Subsidiary (i) that has assets or revenues in any fiscal year in excess of
$200,000 or (ii) that is not a Guarantor and is a borrower under the Senior
Credit Facility shall execute a supplemental indenture to become a Guarantor of
the Company's Notes. Pursuant to Section 4.18 of the Indenture, Naporano and
NIMCO hereby execute this Fourth Supplemental Indenture to a become Guarantor
of the Company's Notes. Each of Naporano and NIMCO, has by Board Resolution,
authorized this Fourth Supplemental Indenture. The Trustee has determined that
this Fourth Supplemental Indenture is in form satisfactory to it.
NOW, THEREFORE, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of the Notes issued under the Indenture
from and after the date of this Fourth Supplemental Indenture, as follows:
Section 1. Guarantee on the Notes.
Naporano and Nimco each hereby subjects itself to the provisions of the
Indenture as a Guarantor in accordance with Article 11 of the Indenture.
Section 2. Counterparts
This Fourth Supplemental Indenture may be executed in several
counterparts, all of which together shall constitute one agreement binding on
all parties, notwithstanding that all parties have not signed the same
counterpart.
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IN WITNESS WHEREOF, the undersigned have caused this Supplemental
Indenture to be duly executed by its respective officers as of the day and year
first above written.
NAPORANO IRON & METAL CO.
By: /s/ XXXXX X. XXXXXXXXX
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Xxxxx X. Xxxxxxxxx
Vice President
NIMCO SHREDDING CO.
By: /s/ XXXXX X. XXXXXXXXX
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Xxxxx X. Xxxxxxxxx
Vice President
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