EXHIBIT 4.2
SUPPLEMENTAL INDENTURE
This Supplemental Indenture, dated as of Jun1e 17, 2004, by
and among Xxxxxxx Enterprises, Inc., a Delaware corporation (the "Company"), and
The Bank of New York, as trustee under the Indenture referred to below (the
"Trustee").
WITNESETH
WHEREAS, the Company has heretofore executed and delivered to
the Trustee an indenture (the "Indenture"), dated as of April 25, 2001 providing
for the issuance of an aggregate principal amount of $200 million 9 5/8% Senior
Notes due 2009 (the "Notes");
WHEREAS, the Company desires to execute and deliver an
amendment to the Indenture for the purposes of eliminating and amending certain
of the principal restrictive covenants and certain other provisions contained in
the Indenture and the Notes;
WHEREAS, the Company has delivered to the Holders of the Notes
an Offer to Purchase and Consent Solicitation Statement, dated June 9, 2004 (as
the same may be amended from time to time, the "Statement") and the related
Consent and Letter of Transmittal, pursuant to which the Company has (i) offered
to purchase for cash any and all of the outstanding Notes (such offer on the
terms set forth in the Statement and such Consent and Letter of Transmittal, the
"Offer") and (ii) solicited consents to the adoption of amendments to the
Indenture, as further described herein;
WHEREAS, pursuant to Section 9.2 of the Indenture, the Company
and the Trustee may amend or supplement the Indenture or the Notes in respect of
the matters described in the Statement with the written consent of the Holders
of at least a majority in principal amount of the Notes (the "Requisite
Holders");
WHEREAS, the Company has received the written consents of the
Requisite Holders to the amendments to the Indenture set forth in this
Supplemental Indenture;
WHEREAS, the Company and the Trustee desire to enter into,
execute and deliver this Supplemental Indenture in compliance with the
provisions of the Indenture; and
WHEREAS, all other conditions and requirements necessary to
make this Supplemental Indenture a valid and binding instrument in accordance
with its terms and the terms of the Indenture have been satisfied;
NOW THEREFORE, in consideration of the foregoing and for other
good and valuable consideration, the receipt of which is hereby acknowledged,
the parties hereto mutually covenant and agree for the equal and ratable benefit
of the Holders of the Notes as follows:
1. Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.
2. Amendment of Certain Provisions of the Indenture. The
Indenture is hereby amended to provide that, effective upon the Operative Time
(as defined in Section 4 of this Supplemental Indenture):
2.1 Elimination of Definitions. Each definition set forth in
Section 1.1 of the Indenture of any capitalized term that (i) is not
used in any provision of the Indenture other than the provisions listed
in Section 2.2 below (such definitions, collectively, the "Exclusive
Definitions"), and/or (ii) is not used in any provision of the
Indenture other than in the Exclusive Definitions, is deleted in its
entirety.
2.2 Elimination of Provisions. The text of and introductory
heading to each Section of the Indenture listed below (excluding the
Section number at the beginning of each such Section) are deleted in
their entirety and the phrase "[Intentionally Omitted]" is inserted in
substitution therefor, and all references to such Sections are deleted
in their entirety:
(i) Section 2.15 (entitled "Offer to Purchase by
Application of Excess Proceeds");
(ii) Section 4.3 (entitled "Reports");
(iii) Section 4.4 (entitled "Compliance Certificate; Notice
of Default");
(iv) Section 4.5 (entitled "Taxes")
(v) Section 4.6 (entitled "Stay, Extension and Usury
Laws");
(vi) Section 4.7 (entitled "Limitation on Restricted
Payments");
(vii) Section 4.8 (entitled "Limitation on Dividend and
Other Payment Restrictions Affecting Subsidiaries");
(viii) Section 4.9 (entitled "Limitation on Incurrence of
Indebtedness and Issuance of Preferred Stock");
(ix) Section 4.10 (entitled "Asset Sales");
(x) Section 4.11 (entitled "Limitation on Transactions
with Affiliates");
(xi) Section 4.12 (entitled "Limitation on Liens")
(xii) Section 4.13 (entitled "Change of Control");
(xiii) Section 4.15 (entitled "Line of Business");
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(xiv) Section 5.1 (entitled "Limitations on Mergers,
Consolidations or Sales of Assets");
(xv) Section 10.3 (entitled "Future Subsidiary
Guarantors"); and
(xvi) Section 10.4 (entitled "Subsidiary May Consolidate,
Etc. on Certain Terms").
2.3 Amendment to Article 5. The text of Section 5.2 (entitled
"Successor Corporation or Person Substituted") is amended to delete "in
accordance with Section 5.1 hereof."
2.4 Amendment to Article 6. The following subsections of
Article 6, Section 6.1 of the Indenture and any corresponding
provisions in the Notes, with respect to Events of Default are hereby
deleted in their entirety and replaced with "Intentionally Omitted,"
and all references made thereto throughout the Indenture are deleted in
their entirety:
(a) Section 6.1 (iii); and
(b) Section 6.1(iv).
3. Ratification of Indenture; Supplemental Indenture Part of
Indenture. Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed by the parties hereto and all the terms, conditions and
provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder
of Notes heretofore or hereafter authenticated and delivered shall be bound
hereby and thereby.
4. Operative Time. Notwithstanding the execution of this
Supplemental Indenture on the date hereof, the amendments set forth in Section 2
of this Supplemental Indenture shall not amend the Indenture and become
operative unless and until the Company accepts for purchase at least a majority
of the outstanding Notes validly tendered for purchase pursuant to the Offer
(the date and the time of such acceptance being referred to herein as the
"Operative Time"). At the Operative Time, the amendments to the Indenture
effected hereby shall be deemed fully operative without any further notice or
action on the part of the Company, the Trustee, the Holders or any other Person.
In the event that the Holders of a majority of the outstanding Notes have
withdrawn their written consents to this Supplemental Indenture as provided in
the Offer or the Offer is terminated or withdrawn prior to the Operative Time,
or any condition of the Offer and the consent solicitation is not satisfied or
waived by the Company, this Supplemental Indenture shall be null and void.
5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF
NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICT OF LAWS TO THE EXTENT
THAT
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THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
6. Counterparts. The parties may sign any number of copies of
this Supplemental Indenture. Each signed copy shall be an original, but all of
them together represent the same agreement.
7. Effect of Headings. The Section headings herein are for
convenience only and shall not affect the construction hereof.
8. Trustee. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made solely by the Company.
9. Trust Indenture Act Controls. If any provision of this
Supplemental Indenture limits, qualifies or conflicts with another provision
which is required to be included in this Supplemental Indenture by the Trust
Indenture Act of 1939, as amended, the required provision shall control.
10. Separability. In case any provision in this Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.
[signature page follows]
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IN WITNESS WHEREOF, the parties hereto have caused this
Supplemental Indenture to be duly executed and attested, all as of the date
first above written.
XXXXXXX ENTERPRISES, INC.
/s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and Treasurer
GUARANTORS LISTED ON SCHEDULE
I HERETO
/s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and Treasurer
THE BANK OF NEW YORK, as Trustee
/s/ Jo Xxx Xxxxxx
------------------------------------------
Name: Jo Xxx Xxxxxx
Title:
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SCHEDULE I
GUARANTORS
Corporation
AEGIS Therapies, Inc. (f/k/a Xxxxxxx Rehabiliation, Inc.)
AGI-Camelot, Inc.
Xxxxxxx - Xxxxx Vista Holding, Inc.
Xxxxxxx Clinical, Inc.
Xxxxxxx Enterprises International Limited
Xxxxxxx Enterprises - Alabama, Inc.
Xxxxxxx Enterprises - Arizona, Inc.
Xxxxxxx Enterprises - Arkansas, Inc.
Xxxxxxx Enterprises - California, Inc.
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