EXHIBIT 4.2
XXXXXXXXX-XXXX COMPANY
to
THE BANK OF NEW YORK,
as Trustee
___________________________
Third Supplemental Indenture
Dated November 14, 2000
Supplementing and Amending the Indenture
Dated as of August 1, 1986
___________________________
THIS THIRD SUPPLEMENTAL INDENTURE, dated as of November 14, 2000, is
between THE XXXXXXXXX-XXXX COMPANY, a New Jersey corporation (hereinafter
called the "Corporation"), and THE BANK OF NEW YORK, a corporation duly
organized and existing under the laws of the State of New York, as Trustee
under the Indenture referred to below (hereinafter called the "Trustee").
RECITALS
The Company and the Trustee are parties to an Indenture, dated as
of August 1, 1986, as amended (the "Indenture"), relating to the issuance from
time to time by the Company of its Securities on terms to be specified at the
time of issuance. Capitalized terms herein, not otherwise defined herein,
shall have the meanings assigned to them in the Indenture.
The Company has duly authorized the execution and delivery of this
Third Supplemental Indenture in order to provide for the issuance of Global
Securities.
The Company has requested the Trustee and the Trustee has agreed to
join with it in the execution and delivery of this Third Supplemental
Indenture.
Section 901(4) of the Indenture provides that the Company, acting
pursuant to a Board Resolution, and the Trustee, at any time and from time to
time, may enter into an indenture supplemental to the Indenture.
The Company has determined that this Third Supplemental Indenture
complies with Section 901(4) and does not require the consent of any Holders
of Securities. On the basis of the foregoing, the Trustee has determined
that this Third Supplemental Indenture is in form satisfactory to it.
The Company has furnished the Trustee with an Officer's Certificate
and an Opinion of Counsel complying with the requirements of Sections 102 and
903 of the Indenture, stating that the execution of this Third Supplemental
Indenture is authorized or permitted by the Indenture, and has delivered to
this Trustee a Board Resolution authorizing the execution and delivery of
this Third Supplemental Indenture, together with such other documents as may
have been required by Section 102 of the Indenture.
All things necessary to make this Third Supplemental Indenture a
valid agreement of the Company and the Trustee and a valid amendment of and
supplement to the Indenture have been done.
-1-
NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises, it is mutually covenanted
and agreed, for the equal and proportionate benefit of all Holders of
Securities as follows:
A. AMENDMENTS TO THE INDENTURE
1. Section 101 of the Indenture is hereby amended by adding the
following definition of "Global Security" after the definition of "Funded
Indebtedness":
"Global Security" means a Security evidencing all or part
of a series of Securities, including, without limitation,
any temporary or permanent Global Securities.
2. Section 101 of the Indenture is hereby amended by adding the
following definition of "U.S. Depositary" after the definition of "Trust
Indenture Act":
"U.S. Depositary" means a clearing agency registered
under the Securities Exchange Act of 1934, as amended, or
any successor thereto, which shall in either case be
designated by the Company pursuant to Section 301, until
a successor U.S. Depositary shall have become such
pursuant to the applicable provisions of this Indenture,
and thereafter "U.S. Depositary" shall mean or include
each Person who is then a U.S. Depositary hereunder, and
if at any time there is more than one such Person, "U.S.
Depositary" as used with respect to the Securities of any
series shall mean the U.S. Depositary with respect to the
Securities of that series.
3. Article Two of the Indenture is hereby amended by adding
Section 205 as follows:
Section 205. Securities in Global Form.
If any Security of a series is issuable in global form, such
Global Security may provide that it shall represent the aggregate
amount of Outstanding Securities from time to time endorsed thereon
and may also provide that the aggregate amount of Outstanding
Securities represented thereby may from time to time be reduced to
reflect exchanges. Any endorsement of a Global Security to reflect
the amount, or any increase or decrease in the amount, of
Outstanding Securities represented thereby shall be made by the
Trustee and in such manner as shall be specified in such Global
-2-
Security. Any instructions by the Company with respect to a Global
Security, after its initial issuance, shall be in writing but need
not comply with Section 102.
None of the Company, the Trustee, any Paying Agent or the
Security Registrar will have any responsibility or liability for
any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Global Security or for
maintaining, supervising or reviewing any records relating to such
beneficial ownership interests.
4. Section 301 of the Indenture is hereby amended by deleting the
word "and" from the end of Section 301(13), by renumbering Section 301(14) as
Section 301(15), and by inserting new Section 301(14) as follows:
(14) if the Securities of the series shall be issued in whole
or in part in the form of one or more Global Securities and, in
such case, the U.S. Depositary for such Global Security or
Securities; the manner in which and the circumstances under which
Global Securities representing Securities of the series may be
exchanged for Securities in definitive form, if other than, or in
addition to, the manner and circumstances specified in Section 307,
and
5. Section 304 of the Indenture is hereby amended by adding the
following paragraphs at the end thereof:
If the Company shall establish pursuant to Section 301 that
the Securities of a series are to be issued in whole or in part in
the form of one or more Global Securities, then the Company shall
execute and the Trustee shall, in accordance with Section 303 and
the Company Order with respect to such series, authenticate and
deliver one or more Global Securities in temporary or permanent
form that (i) shall represent and shall be denominated in an amount
equal to the aggregate principal amount of the Outstanding
Securities of such series to be represented by one or more Global
Securities, (ii) shall be registered in the name of the U.S.
Depositary for such Global Security or Securities or the nominee of
such depositary, and (iii) shall bear a legend substantially to the
following effect: "This Security may not be transferred except as
a whole by the Depositary to a nominee of the Depositary or by a
nominee of the Depositary to the Depositary or another nominee of
the Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary,
unless and until this Security is exchanged in whole or in part for
Securities in definitive form" and such other legend as may be
required by the U.S. Depositary.
-3-
Notwithstanding any other provision of this Section, unless
and until it is exchanged in whole or in part for Securities in
definitive form, a Global Security representing all or a portion of
the Securities of a series may not be transferred except as a whole
by the U.S. Depositary for such series to a nominee of such
depositary or by a nominee of such depositary to such depositary or
another nominee of such depositary or by such depositary or any
such nominee to a successor U.S. Depositary for such series or a
nominee of such successor depositary.
If at any time the U.S. Depositary for the Securities of a
series notifies the Company that it is unwilling or unable to
continue as U.S. Depositary for the Securities of such series or if
any time the U.S. Depositary for Securities of a series shall no
longer be a clearing agency registered and in good standing under
the Securities Exchange Act of 1934, as amended, or other
applicable statute or regulation, the Company shall appoint a
successor U.S. Depositary with respect to the Securities of such
series. If a successor U.S. Depositary for the Securities of such
series is not appointed by the Company within 90 days after the
Company receives such notice or becomes aware of such condition,
the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive
Securities of such series, will authenticate and deliver,
Securities of such series in definitive form in an aggregate
principal amount equal to the principal amount of the Global
Security or Securities representing such series in exchange for
such Global Security or Securities.
The Company may at any time and in its sole discretion
determine that the Securities of any series issued in the form of
one or more Global Securities shall no longer be represented by
such Global Security or Securities. In such event, the Company
will execute, and the Trustee, upon receipt of a Company Order for
the authentication and delivery of definitive Securities of such
series, will authenticate and deliver, Securities of such Series in
definitive form and in an aggregate principal amount equal to the
principal amount of the Global Security or Securities representing
such series in exchange for such Global Security or Securities.
If the Securities of any series shall have been issued in the
form of one or more Global Securities and if an Event of Default
with respect to the Securities of such series shall have occurred
and be continuing, the Company will promptly execute, and the
Trustee, upon receipt of a Company Order for the authentication and
delivery of definitive Securities of such series, will authenticate
and deliver Securities of such series in definitive form and in an
-4-
aggregate principal amount equal to the principal amount of the
Global Security or Securities representing such series in exchange
for such Global Security or Securities.
If specified by the Company pursuant to Section 301 with
respect to Securities of a series, the U.S. Depositary for such
series of Securities may surrender a Global Security for such
series of Securities in exchange in whole or in part for Securities
of such series in definitive form on such terms as are acceptable
to the Company and such depositary. Thereupon, the Company shall
execute and the Trustee shall authenticate and deliver, without
charge:
(i) to each Person specified by the U.S. Depositary
a new registered Security or Securities of the same
series, of an authorized denomination as requested by
such Person in an aggregate principal amount equal to and
in exchange for such Person's beneficial interest in the
Global Security; and
(ii) to the U.S. Depositary a new Global Security
in a denomination equal to the difference, if any,
between the principal amount of the surrendered Global
Security and the aggregate principal amount of Securities
delivered to Holders thereof.
Upon the exchange of a Global Security in whole for Securities
in definitive form, such Global Security shall be canceled by the
Trustee. Securities issued in exchange for a Global Security shall
be registered in such names and in such authorized denominations as
the U.S. Depositary for such Global Security, pursuant to
instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee. The Trustee shall deliver such
Securities to the Persons in whose names such Securities are so
registered.
B. GENERAL PROVISIONS
1. The recitals contained herein shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the correctness
of same, except for the recital indicating the Trustee's approval of the form
of this Third Supplemental Indenture. The Trustee makes no representation as
to the validity of this Third Supplemental Indenture.
2. This Third Supplemental Indenture may be executed in any number
of counterparts, each of which so executed shall be deemed to be an original,
-5-
but all such counterparts together shall constitute but one and the same
instrument.
3. All provisions of this Third Supplemental Indenture shall be
deemed to be incorporated in, and made part of, the Indenture; and the
Indenture, as supplemented by this Third Supplemental Indenture, shall be
read, taken and construed as one and the same instrument.
4. The Trustee accepts the trust created by the Indenture, as
supplemented by this Third Supplemental Indenture, and agrees to perform the
same upon the terms and conditions in the Indenture, as supplemented by this
Third Supplemental Indenture.
5. In case any provision in this Third 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.
6. Nothing in this Third Supplemental Indenture, express or
implied, shall give to any Person, (other than the parties thereto, any
Security Registrar, any Paying Agent, and Authenticating Agent and their
successors under the Indenture, and the Holders of the Securities), any
benefit or any legal or equitable right, remedy or claim under the Indenture.
7. This Third Supplemental Indenture shall be deemed to be a
contract made under the laws of the State of New York, and for all purposes
shall be construed in accordance with the laws of said State, without regard
to principles of conflicts of laws.
-6-
IN WITNESS WHEREOF, the parties hereto have caused this Third
Supplemental Indenture to be duly executed as of the day and year first
above written.
XXXXXXXXX-XXXX COMPANY
By: /s/Xxxxx Xxxx
======================
Name: Xxxxx Xxxx
Title: Vice President and Treasurer
THE BANK OF NEW YORK, as Trustee
By: /s/Xxxxx Xxxxxxxx
======================
Name: Xxxxx Xxxxxxxx
Title: Assistant Treasurer
-7-
