Sixth Supplemental Indenture Dated as of January 7, 2013 Supplemental Indenture to the Indenture dated as of October 1, 2009 with respect to the
Exhibit 4.3
FELCOR LODGING LIMITED PARTNERSHIP,
FELCOR LODGING TRUST INCORPORATED,
and
the other parties named herein
and
U.S. BANK NATIONAL ASSOCIATION,
as Trustee and Collateral Agent
__________________
Dated as of January 7, 2013
Supplemental Indenture to the Indenture
dated as of October 1, 2009
with respect to the
10% Senior Secured Notes due 2014
This Sixth Supplemental Indenture (this “Sixth Supplemental Indenture”), dated as of January 7, 2013, is by and among FelCor Lodging Limited Partnership, a Delaware limited partnership (“FelCor LP”), FelCor Lodging Trust Incorporated, a Maryland corporation (“FelCor”), FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company, FelCor Lodging Holding Company, L.L.C., a Delaware limited liability company, FelCor Canada Co., a Nova Scotia unlimited liability company, FelCor TRS Borrower 4, L.L.C., a Delaware limited liability company, FelCor/CSS Holdings, L.P., a Delaware limited partnership, FelCor TRS Holdings, L.L.C., a Delaware limited liability company, XxxXxx Xxxxxx Plaza, L.L.C., a Delaware limited liability company, FelCor St. Xxxx (SPE), L.L.C., a Delaware limited liability company, FelCor Xxxxxxxxx (SPE), L.L.C., a Delaware limited liability company, Los Angeles International Airport Hotel Associates, a Texas limited partnership, Madison 237 Hotel, L.L.C., a Delaware limited liability company, Royalton 44 Hotel, L.L.C., a Delaware limited liability company, FelCor Milpitas Owner, L.L.C., a Delaware limited liability company (“FelCor Milpitas”), FelCor Baton Rouge Owner, L.L.C., a Delaware limited liability company (“FelCor Baton Rouge”), FelCor Dallas Love Field Owner, L.L.C., a Delaware limited liability company (“Dallas Love Field”), Myrtle Beach Owner, L.L.C., a Delaware limited liability company (“Myrtle Beach Owner”), FelCor/CMB Buckhead Hotel, L.L.C., a Delaware limited liability company (“FelCor Buckhead”), FelCor CMB Marlborough Hotel, L.L.C., a Delaware limited liability company (“FelCor Marlbourough”), FelCor/CMB Orsouth Holdings, L.P., a Delaware limited partnership (“FelCor Orsouth”), FelCor/CMB SSF Holdings, L.P., a Delaware limited partnership (“FelCor SSF”), FelCor S-4 Hotels (SPE), L.L.C., a Delaware limited liability company (“FelCor S-4”), and FCH/PSH, L.P., a Delaware limited partnership (“FCH/PSH”) (collectively, the “Subsidiary Guarantors,” and together with FelCor, the “Guarantors”), FelCor Holdings Trust, a Massachusetts business trust as a pledgor (the “Pledgor”), and U.S. Bank National Association, as trustee and collateral agent under the indenture referred to below (in such capacities, the “Trustee” and the “Collateral Agent”).
W I T N E S S E T H
Whereas, FelCor Escrow Holdings, L.L.C., a Delaware limited liability company (“Escrow Subsidiary”), executed and delivered to the Trustee an indenture dated as of October 1, 2009 (the “Original Indenture”), and pursuant to that certain Second Supplemental Indenture dated as of October 13, 2009, FelCor LP assumed all rights and obligations of Escrow Subsidiary under the Original Indenture and Escrow Subsidiary was released of all rights and obligations under the Original Indenture;
Whereas, pursuant to the Original Indenture, as amended and supplemented to date (collectively, the “Indenture”), FelCor LP has issued and outstanding approximately $234,000,000 aggregate principal amount of 10% Senior Secured Notes due 2014 (the “Notes”);
WHEREAS, the Note Guarantees of each of FelCor TRS Borrower 1, L.P. and FelCor St. Xxxx Holdings, L.P. were automatically and unconditionally released and discharged in connection with the sale of substantially all of the assets of such Subsidiary Guarantors and such Subsidiary Guarantors ceasing to be Subsidiaries of FelCor LP upon their dissolution as a result of such sales;
Whereas, FelCor, FelCor LP, FelCor Milpitas, FelCor Baton Rouge, Dallas Love Field and Myrtle Beach Owner executed and delivered to U.S. Bank National Association, as trustee, collateral agent, registrar and paying agent, an indenture, dated as of December 17, 2012 (the “New Indenture”), pursuant to which FelCor LP has issued and outstanding $525,000,000 aggregate principal amount of 5.625% Senior Secured Notes due 2023 (the “New Notes”) and FelCor, FelCor Milpitas, FelCor Baton Rouge, Dallas Love Field and Myrtle Beach Owner have guaranteed the New Notes;
Whereas, pursuant to a supplemental indenture to the New Indenture to be entered into of even date herewith, FelCor Buckhead, FelCor Marlborough, FelCor Orsouth, FelCor SSF, FelCor S-4 and FCH/PSH, L.P. will also guarantee the New Notes;
Whereas, pursuant to Section 4.07 of the Indenture, a Restricted Subsidiary shall not Guarantee the indebtedness of FelCor LP unless it simultaneously executes and delivers a supplemental indenture to the Indenture providing for a Subsidiary Guarantee by such Restricted Subsidiary; and
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Whereas, FelCor, FelCor LP, the Subsidiary Guarantors, the Pledgor, the Trustee and the Collateral Agent desire to amend the Indenture to add FelCor Milpitas, FelCor Baton Rouge, Dallas Love Field, Myrtle Beach Owner, FelCor Buckheard, FelCor Marlborough, FelCor Orsouth, FelCor SSF, FelCor S-4 and FCH/PSH, L.P. as additional Subsidiary Guarantors (collectively, the “New Guarantors”).
Now, Therefore, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, FelCor, FelCor LP, the Pledgor, each Subsidiary Guarantor, and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
SECTION 1. Definitions. For all purposes of the Indenture and this Sixth Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires:
(a) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to the Indenture and this Sixth Supplemental Indenture as a whole and not to any particular Article, Section or subdivision; and
(b) capitalized terms used but not defined in this Sixth Supplemental Indenture shall have the meanings assigned to them in the Indenture.
AMENDMENTS
SECTION 2. Addition of New Subsidiary Guarantors. The New Guarantors hereby execute this Sixth Supplemental Indenture as a supplemental indenture to the Indenture for the purpose of providing a Guarantee of the Notes and of certain of FelCor LP's obligations under the Indenture as set forth therein and agree to assume and be subject to all of the terms, conditions, waivers and covenants applicable to a Subsidiary Guarantor under the Indenture, including without limitation, those set forth in Article Eleven thereof. Upon its execution hereof, each New Guarantor hereby acknowledges that it shall be a Subsidiary Guarantor for all purposes as defined and as set forth in the Indenture, effective as of the date hereof. Further, the New Guarantors hereby waive and shall not in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or any other rights against FelCor LP, FelCor or any other Restricted Subsidiary as a result of any payment by such New Guarantor under its Subsidiary Guarantee.
SECTION 3. New York Law to Govern. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SIXTH 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.
SECTION 4. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in any respect of the validity or sufficiency of this Sixth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by FelCor, FelCor LP, the Pledgor and the Subsidiary Guarantors.
SECTION 5. Successors and Assigns. All agreements of FelCor, FelCor LP, the Pledgor, and the Subsidiary Guarantors in this Sixth Supplemental Indenture shall bind their respective successors and assigns. All agreements of the Trustee in this Sixth Supplemental Indenture shall bind its successors.
SECTION 6. Separability. In case any provision of this Sixth 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.
SECTION 7. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
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SECTION 8. Counterparts. The parties may sign any number of copies of this Sixth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.
FELCOR LODGING LIMITED PARTNERSHIP, | ||||
a Delaware limited partnership | ||||
By: | FELCOR LODGING TRUST INCORPORATED | |||
as general partner | ||||
By: | /s/ Xxxxxx Xxxxxxxx Green | |||
Name: | Xxxxxx Xxxxxxxx Green | |||
Title: | Vice President and Associate General Counsel | |||
FELCOR LODGING TRUST INCORPORATED, | ||||
a Maryland corporation | ||||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Executive Vice President General Counsel and | |||
Secretary |
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]
FELCOR/CSS HOLDINGS, L.P. | ||||
By: | FelCor/CSS Hotels, L.L.C., | |||
General Partner | ||||
FELCOR HOTEL ASSET COMPANY, L.L.C. | ||||
FELCOR LODGING HOLDING COMPANY, L.L.C. | ||||
FELCOR CANADA CO. | ||||
FELCOR TRS HOLDINGS, L.L.C. | ||||
FELCOR TRS BORROWER 4, L.L.C. | ||||
XXXXXX XXXXXX PLAZA, L.L.C. | ||||
FELCOR ST. XXXX (SPE), L.L.C. | ||||
FELCOR XXXXXXXXX (SPE), L.L.C. | ||||
LOS ANGELES INTERNATIONAL AIRPORT HOTEL ASSOCIATES, A TEXAS LIMITED PARTNERSHIP | ||||
By: | FelCor /LAX Holdings, LP, | |||
General Partner | ||||
By: | FelCor /LAX Hotels, L.L.C., | |||
General Partner | ||||
MADISON 237 HOTEL, L.L.C. | ||||
ROYALTON 44 HOTEL, L.L.C. | ||||
FELCOR MILPITAS OWNER, L.L.C. | ||||
FELCOR BATON ROUGE OWNER, L.L.C. | ||||
FELCOR DALLAS LOVE FIELD OWNER, L.L.C. | ||||
MYRTLE BEACH OWNER, L.L.C. | ||||
FELCOR/CMB BUCKHEAD HOTEL, L.L.C. | ||||
FELCOR/CMB MARLBOROUGH HOTEL, L.L.C. | ||||
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]
FELCOR/CMB ORSOUTH HOLDINGS, L.P. | ||||
By: | FelCor/CMB Orsouth Hotel, L.L.C. | |||
General Partner | ||||
FELCOR/CMB SSF HOLDINGS, L.P. | ||||
By: | FelCor/CMB SSF Hotel, L.L.C. | |||
General Partner | ||||
FELCOR S-4 HOTELS (SPE), L.L.C. |
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]
FCH/PSH, L.P. | |||
By: | FelCor/CSS Hotels, L.L.C. | ||
General Partner | |||
By: | /s/ Xxxxxx Xxxxxxxx Green | ||
Xxxxxx Xxxxxxxx Green | |||
Vice President and Associate General Counsel |
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]
FELCOR HOLDINGS TRUST | |||
By: | /s/ Xxxxx X. XxXxxxxx | ||
Xxxxx X. XxXxxxxx | |||
Trustee | |||
By: | /s/ Xxxxx X. Xxxxx | ||
Xxxxx X. Xxxxx | |||
Trustee |
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]
U.S. BANK NATIONAL ASSOCIATION, as Trustee | ||||
as Trustee and as Collateral Agent | ||||
By: | /s/ Xxxxxx X. Xxxxxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxxxxx | |||
Title: | Vice President |
[Signature Page to Sixth Supplemental Indenture – 10% Senior Secured Notes due 2014]