FOURTH SUPPLEMENTAL INDENTURE
Exhibit 4.1
FOURTH SUPPLEMENTAL INDENTURE (this “Fourth Supplemental Indenture”), dated as of December 6, 2006, among NewMarket Corporation, a Virginia corporation (“NewMarket”), each of the guaranteeing subsidiaries listed on the signature pages hereto (the “Guarantors”) and Xxxxx Fargo Bank, National Association, as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H:
WHEREAS, Ethyl Corporation, a Virginia corporation (“Ethyl”), has heretofore executed and delivered to the Trustee an indenture, dated as of April 30, 2003 (the “Initial Indenture”), providing for the issuance of 8 7/8% Senior Notes due 2010 (the “Notes”); and
WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of March 5, 2004 (the “Plan of Merger”), by and among NewMarket, Ethyl and Ethyl Merger Sub, Inc., a wholly-owned subsidiary of NewMarket, NewMarket became the holding company for Ethyl effective as of June 18, 2004; and
WHEREAS, pursuant to the Supplemental Indenture, dated as of June 18, 2004 (the “First Supplemental Indenture”), among NewMarket, Ethyl, the Guaranteeing Subsidiaries (as defined therein), the other Guarantors named on the signature pages thereto and the Trustee, NewMarket agreed to assume all of Ethyl’s obligations under the Indenture and the Notes; and
WHEREAS, NewMarket, Afton Chemical SPRL, a société privée à responsibilité limitée organized under the laws of the Kingdom of Belgium and an indirect wholly-owned subsidiary of NewMarket (“Afton Chemical”), and the Trustee executed and delivered a Second Supplemental Indenture, dated as of July 1, 2004 (the “Second Supplemental Indenture”), pursuant to which Afton Chemical agreed to become a Guarantor; and
WHEREAS, NewMarket, Old Town LLC, a Virginia limited liability company and an indirect wholly-owned subsidiary of NewMarket (“Old Town”), and the Trustee executed and delivered a Third Supplemental Indenture, dated as of November 2, 2004 (the “Third Supplemental Indenture” and, together with the Initial Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the “Indenture”), pursuant to which Old Town agreed to become a Guarantor; and
WHEREAS, NewMarket and the Guarantors desire to enter into this Fourth Supplemental Indenture to eliminate from the Indenture substantially all of the covenants and certain events of default contained therein and make certain other changes therein; and
WHEREAS, pursuant to Section 9.02 of the Indenture, NewMarket has obtained the consent of the Holders of at least a majority in aggregate principal amount of the Notes, the only outstanding securities issued under the Indenture; and
WHEREAS, an Officers’ Certificate and an Opinion of Counsel, have been delivered to the Trustee in accordance with Sections 9.06 and 12.04 of the Indenture; and
WHEREAS, all things necessary to make this Fourth Supplemental Indenture a valid agreement of NewMarket, in accordance with its terms, have been done; and
WHEREAS, on the execution of this Fourth Supplemental Indenture by the parties hereto, the provisions hereof will become effective but not operative until the time specified in Section 11 herein.
NOW, THEREFORE, in consideration of the mutual agreements and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, NewMarket, the Guarantors and the Trustee, agree as follows:
1. DELETION OF SECTIONS IN THE INITIAL INDENTURE RELATED TO COVENANTS. The provisions of each of the following sections and subsections of the Initial Indenture, including any related cross-references, events of default provisions, defined terms and other references thereto made irrelevant as a result of their deletion, are hereby deleted in their entirety and replaced with the phrase “Intentionally Omitted”:
Section 3.09
Section 4.03
Section 4.04
Section 4.05
Section 4.06
Section 4.07
Section 4.08
Section 4.09
Section 4.10
Section 4.11
Section 4.12
Section 4.13
Section 4.14
Section 4.15
Section 4.16
Section 4.17
Section 4.18
Subsection 5.01(4)
Subsection 10.04(2)(b).
2. DELETION OF SECTIONS IN THE INITIAL INDENTURE RELATED TO EVENTS OF DEFAULT. The provisions of each of the following subsections of Section 6.01 of the Initial Indenture, including any related cross-references, defined terms and other references thereto made irrelevant as a result of their deletion, are hereby deleted in their entirety and replaced with the phrase “Intentionally Omitted”:
Subsection 6.01(3)
Subsection 6.01(4)
Subsection 6.01(5)
Subsection 6.01(6)
Subsection 6.01(8)
Subsection 6.01(9).
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3. DELETION OF SECTIONS IN THE INITIAL INDENTURE RELATED TO LEGAL OR COVENANT DEFEASANCE. The provisions of each of the following subsections of Section 8.04 of the Initial Indenture, including any related cross-references, defined terms and other references thereto made irrelevant as a result of their deletion, are hereby deleted in their entirety and replaced with the phrase “Intentionally Omitted”:
Subsection 8.04(2)
Subsection 8.04(3)
Subsection 8.04(5)
Subsection 8.04(6)
Subsection 8.04(7).
4. DEFINITIONS. Capitalized terms used but not defined in this Fourth Supplemental Indenture shall have the meanings ascribed thereto in the Indenture.
5. CONFIRMATION OF THE INDENTURE. The Indenture, as modified, supplemented and superseded by this Fourth Supplemental Indenture, is in all respects ratified and confirmed, and the Indenture and this Fourth Supplemental Indenture shall be read, taken and construed as one and the same instrument. (Reference herein to the Indenture shall be deemed to be to the Indenture, as modified, supplemented and superseded by this Fourth Supplemental Indenture).
6. GOVERNING LAW. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FOURTH SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7. SEPARABILITY. In case any provision in this Fourth 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.
8. COUNTERPARTS. The parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
10. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Fourth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors and NewMarket.
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11. EFFECTIVENESS AND OPERATIVENESS. The provisions of this Fourth Supplemental Indenture will become operative on the first date that NewMarket (a) accepts for payment a majority in aggregate principal amount of the outstanding securities pursuant to the Offer to Purchase and Consent Solicitation Statement dated November 21, 2006 and (b) provides notice of such acceptance to the Trustee.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed, all as of the date first above written.
NEWMARKET CORPORATION | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Name: | Xxxxxx Xxxxxxxx | |
Title: | President | |
NEWMARKET SERVICES CORPORATION | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Name: | Xxxxxx Xxxxxxxx | |
Title: | President | |
ETHYL CORPORATION | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President | |
ETHYL ASIA PACIFIC LLC | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | Manager |
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ETHYL EXPORT CORPORATION | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President | |
ETHYL INTERAMERICA CORPORATION | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President | |
ETHYL VENTURES, INC. | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President | |
INTERAMERICA TERMINALS CORPORATION | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President | |
ETHYL CANADA HOLDINGS, INC. | ||
By: | /s/ Xxxxxxx X. Xxxxxxxx, Xx. | |
Name: | Xxxxxxx X. Xxxxxxxx, Xx. | |
Title: | President |
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AFTON CHEMICAL INTANGIBLES LLC | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | Manager | |
AFTON CHEMICAL ASIA PACIFIC LLC | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | Manager | |
AFTON CHEMICAL CANADA HOLDINGS, INC. | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | President | |
AFTON CHEMICAL JAPAN HOLDINGS, INC. | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | President | |
AFTON CHEMICAL CORPORATION | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | President |
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AFTON CHEMICAL ADDITIVES CORPORATION | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | President | |
THE XXXXX XXXXXX CORPORATION | ||
By: | /s/ C.S. Xxxxxx Xxxxx | |
Name: | C.S. Xxxxxx Xxxxx | |
Title: | President | |
OLD TOWN LLC | ||
By: | /s/ Xxxxx X. Xxxxxxxxxx, III | |
Name: | Xxxxx X. Xxxxxxxxxx, III | |
Title: | Manager | |
XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||
By: | /s/ Xxxxxxx X. Xxxxx | |
Name: | Xxxxxxx X. Xxxxx | |
Title: | Vice President |
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