ASSUMPTION AGREEMENT (Collateral Trust Agreement)
Exhibit 4.15
EXECUTION VERSION
(Collateral Trust Agreement)
ASSUMPTION AGREEMENT, dated as of July 14, 2016 made by Xxxx Arnley Holdings LLC and Federal-Mogul Filtration LLC (each a “New Loan Party”) in favor of CITIBANK, N.A., as Collateral Trustee under the Collateral Trust Agreement referred to below (in such capacity, the “Collateral Trustee”). All capitalized terms not defined herein shall have the meanings ascribed to them in the Collateral Trust Agreement.
WHEREAS, Federal-Mogul Holdings Corporation, a Delaware corporation (the “Borrower”), the subsidiaries of the Borrower parties thereto (together with the Borrower, the “Loan Parties”) and the Collateral Trustee have entered into the Amended and Restated Collateral Trust Agreement, dated as of April 15, 2014 (as amended, supplemented or otherwise modified from time to time, the “Collateral Trust Agreement”); and
WHEREAS, each New Loan Party desires to become a party to the Collateral Trust Agreement in accordance with Section 6.11 of the Collateral Trust Agreement;
NOW, THEREFORE, IT IS AGREED:
1. Collateral Trust Agreement. By executing and delivering this Assumption Agreement, each New Loan Party hereby becomes a party to the Collateral Trust Agreement as a “Loan Party’’ thereunder and, without limiting the foregoing, hereby expressly assumes all obligations and liabilities of a “Loan Party’’ thereunder.
2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, each of the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
B-1
XXXX ARNLEY HOLDINGS LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx Taigman | |||
Title: | Secretary |
[Signature Page to Assumption to Collateral Trust Agreement]
FEDERAL-MOGUL FILTRATION LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx Taigman | |||
Title: | Secretary |
[Signature Page to Assumption to Collateral Trust Agreement]