as Issuer,
THE PULLMAN COMPANY
CLEVITE INDUSTRIES INC.
TENNECO GLOBAL HOLDINGS INC.
TMC TEXAS INC.
TENNECO INTERNATIONAL HOLDING CORP.
as Guarantors,
as Trustee
TIA | Indenture | ||
Section | Section | ||
310 | (a)(1) | 7.10 | |
(a)(2) | 7.10 | ||
(a)(3) | N.A. | ||
(a)(4) | N.A. | ||
(a)(5) | 7.10 | ||
(b) | 7.08; 7.10 | ||
(c) | N.A. | ||
311 | (a) | 7.11 | |
(b) | 7.11 | ||
312 | (a) | 2.05 | |
(b) | 11.03 | ||
(c) | 11.03 | ||
313 | (a) | 7.06 | |
(b)(1) | 7.06 | ||
(b)(2) | 7.06; 7.07 | ||
(c) | 7.05; 7.06; 11.02 | ||
(d) | 7.06 | ||
314 | (a) | 4.08; 4.10; 11.02 | |
(b) | N.A. | ||
(c)(1) | 4.08; 11.04 | ||
(c)(2) | 11.04 | ||
(c)(3 | 4.08; 11.04 | ||
(d) | N.A. | ||
(e) | 11.05 | ||
(f) | N.A. | ||
315 | (a) | 7.01(b) | |
(b) | 7.05; 11.02 | ||
(c) | 7.01(a) | ||
(d) | 7.01(c) | ||
(e) | 6.11 | ||
316 | (a)(last sentence) | 2.09 | |
(a)(1)(A) | 6.05 | ||
(a)(1)(B) | 6.04 | ||
(a)(2) | N.A. | ||
(b) | 6.07; 9.04 | ||
(c) | 9.04 | ||
317 | (a)(1) | 6.08 | |
(a)(2) | 6.09 | ||
(b) | 2.04 | ||
318 | (a) | 11.01 | |
(c) | 11.01 |
“N.A.” means Not Applicable. | ||
NOTE: | This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture. |
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ARTICLE I | ||||
DEFINITIONS AND INCORPORATION BY REFERENCE | ||||
SECTION 1.01. Definitions | 1 | |||
SECTION 1.02. Incorporation by Reference of TIA | 36 | |||
SECTION 1.03. Rules of Construction | 37 | |||
ARTICLE II | ||||
THE SECURITIES | ||||
SECTION 2.01. Form and Dating | 37 | |||
SECTION 2.02. Execution and Authentication | 38 | |||
SECTION 2.03. Registrar and Paying Agent | 39 | |||
SECTION 2.04. Paying Agent To Hold Assets in Trust | 40 | |||
SECTION 2.05. Securityholder Lists | 40 | |||
SECTION 2.06. Transfer and Exchange | 40 | |||
SECTION 2.07. Replacement Securities | 41 | |||
SECTION 2.08. Outstanding Securities | 41 | |||
SECTION 2.09. Treasury Securities | 42 | |||
SECTION 2.10. Temporary Securities | 42 | |||
SECTION 2.11. Cancellation | 42 | |||
SECTION 2.12. Defaulted Interest | 42 | |||
SECTION 2.13. CUSIP Number | 43 | |||
SECTION 2.14. Deposit of Moneys | 43 | |||
SECTION 2.15. Book-Entry Provisions for Global Securities | 43 | |||
SECTION 2.16. Registration of Transfers and Exchanges | 44 | |||
ARTICLE III | ||||
REDEMPTION | ||||
SECTION 3.01. Notices to Trustee | 48 | |||
SECTION 3.02. Selection of Securities To Be Redeemed | 49 | |||
SECTION 3.03. Notice of Redemption | 49 | |||
SECTION 3.04. Effect of Notice of Redemption | 50 | |||
SECTION 3.05. Deposit of Redemption Price | 50 | |||
SECTION 3.06. Securities Redeemed in Part | 50 |
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ARTICLE IV | ||||
COVENANTS | ||||
SECTION 4.01. Payment of Securities | 51 | |||
SECTION 4.02. Maintenance of Office or Agency | 51 | |||
SECTION 4.03. Limitation on Incurrence of Additional Indebtedness | 51 | |||
SECTION 4.04. Limitation on Restricted Payments | 52 | |||
SECTION 4.05. Corporate Existence | 56 | |||
SECTION 4.06. Payment of Taxes and Other Claims | 56 | |||
SECTION 4.07. Maintenance of Properties and Insurance | 56 | |||
SECTION 4.08. Compliance Certificate; Notice of Default | 57 | |||
SECTION 4.09. Compliance with Laws | 58 | |||
SECTION 4.10. Reports to Holders | 58 | |||
SECTION 4.11. Waiver of Stay, Extension or Usury Laws | 59 | |||
SECTION 4.12. Limitation on Asset Sales | 59 | |||
SECTION 4.13. Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 63 | |||
SECTION 4.14. Limitation on Issuances of Capital Stock of Restricted Subsidiaries | 64 | |||
SECTION 4.15. Limitation on Liens | 65 | |||
SECTION 4.16. [Intentionally Omitted] | 66 | |||
SECTION 4.17. Limitation on Transactions with Affiliates | 66 | |||
SECTION 4.18. Issuance of Subsidiary Guarantees | 67 | |||
SECTION 4.19. Payments for Consent | 68 | |||
SECTION 4.20. Limitation on Designations of Unrestricted Subsidiaries | 69 | |||
SECTION 4.21. Change of Control | 70 | |||
SECTION 4.22. Covenant Suspension | 72 | |||
ARTICLE V | ||||
SUCCESSOR CORPORATION | ||||
SECTION 5.01. Merger, Consolidation and Sale of Assets | 74 | |||
SECTION 5.02. Successor Corporation Substituted | 76 | |||
ARTICLE VI | ||||
DEFAULT AND REMEDIES | ||||
SECTION 6.01. Events of Default | 76 | |||
SECTION 6.02. Acceleration | 78 | |||
SECTION 6.03. Other Remedies | 79 | |||
SECTION 6.04. Waiver of Past Defaults | 79 | |||
SECTION 6.05. Control by Majority | 79 | |||
SECTION 6.06. Limitation on Suits | 80 | |||
SECTION 6.07. Rights of Holders To Receive Payment | 80 |
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SECTION 6.08. Collection Suit by Trustee | 80 | |||
SECTION 6.09. Trustee May File Proofs of Claim | 81 | |||
SECTION 6.10. Priorities | 81 | |||
SECTION 6.11. Payment of Interest; Interest Rights Preserved | 82 | |||
SECTION 6.12. Undertaking for Costs | 83 | |||
ARTICLE VII | ||||
TRUSTEE | ||||
SECTION 7.01. Duties of Trustee | 83 | |||
SECTION 7.02. Rights of Trustee | 85 | |||
SECTION 7.03. Individual Rights of Trustee | 87 | |||
SECTION 7.04. Trustee’s Disclaimer | 87 | |||
SECTION 7.05. Notice of Default | 87 | |||
SECTION 7.06. Reports by Trustee to Holders | 88 | |||
SECTION 7.07. Compensation and Indemnity | 88 | |||
SECTION 7.08. Replacement of Trustee | 89 | |||
SECTION 7.09. Successor Trustee by Merger, Etc. | 90 | |||
SECTION 7.10. Eligibility; Disqualification | 91 | |||
SECTION 7.11. Preferential Collection of Claims Against Company | 91 | |||
ARTICLE VIII | ||||
SATISFACTION AND DISCHARGE OF INDENTURE | ||||
SECTION 8.01. Legal Defeasance and Covenant Defeasance | 91 | |||
SECTION 8.02. Satisfaction and Discharge | 94 | |||
SECTION 8.03. Survival of Certain Obligations | 95 | |||
SECTION 8.04. Acknowledgment of Discharge by Trustee | 95 | |||
SECTION 8.05. Application of Trust Assets | 96 | |||
SECTION 8.06. Repayment to the Company or Guarantors; Unclaimed Money | 96 | |||
SECTION 8.07. Reinstatement | 97 | |||
ARTICLE IX | ||||
AMENDMENTS, SUPPLEMENTS AND WAIVERS | ||||
SECTION 9.01. Without Consent of Holders | 97 | |||
SECTION 9.02. With Consent of Holders | 98 | |||
SECTION 9.03. Compliance with TIA | 99 | |||
SECTION 9.04. Revocation and Effect of Consents | 99 | |||
SECTION 9.05. Notation on or Exchange of Securities | 100 | |||
SECTION 9.06. Trustee To Sign Amendments, Etc. | 100 |
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ARTICLE X | ||||
GUARANTEE | ||||
SECTION 10.01. Unconditional Guarantee | 101 | |||
SECTION 10.02. Severability | 102 | |||
SECTION 10.03. Release of a Guarantor | 102 | |||
SECTION 10.04. Limitation of a Guarantor’s Liability | 102 | |||
SECTION 10.05. Contribution | 102 | |||
SECTION 10.06. Waiver of Subrogation | 103 | |||
SECTION 10.07. Execution of Subsidiary Guarantees | 103 | |||
SECTION 10.08. Waiver of Stay, Extension or Usury Laws | 104 | |||
ARTICLE XI | ||||
MISCELLANEOUS | ||||
SECTION 11.01. TIA Controls | 104 | |||
SECTION 11.02. Notices | 104 | |||
SECTION 11.03. Communications by Holders with Other Holders | 106 | |||
SECTION 11.04. Certificate and Opinion as to Conditions Precedent | 106 | |||
SECTION 11.05. Statements Required in Certificate or Opinion | 106 | |||
SECTION 11.06. Rules by Trustee, Paying Agent, Registrar | 107 | |||
SECTION 11.07. Legal Holidays | 107 | |||
SECTION 11.08. Governing Law | 107 | |||
SECTION 11.09. No Adverse Interpretation of Other Agreements | 108 | |||
SECTION 11.10. No Recourse Against Others | 108 | |||
SECTION 11.11. Successors | 108 | |||
SECTION 11.12. Duplicate Originals | 108 | |||
SECTION 11.13. Severability | 108 | |||
SECTION 11.14. Table of Contents, Headings, Etc. | 109 |
Exhibit A | — | Form of Series A Security | ||
Exhibit B | — | Form of Series B Security | ||
Exhibit C | — | Form of Legend for Global Securities | ||
Exhibit D | — | Transfer Certificate | ||
Exhibit E | — | Transferee Certificate for Institutional Accredited Investors | ||
Exhibit F | — | Transferee Certificate for Regulation S Transfers | ||
Exhibit G | — | Form of Subsidiary Guarantee |
Note: | This Table of Contents shall not, for any purpose, be deemed to be a part of the Indenture. |
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incurred under Sections 4.03 and 4.15, in each case subject to no Lien held by a Person other than the Company, a Restricted Subsidiary of the Company or the lenders or collateral agent under any agreement governing secured Indebtedness permitted to be incurred under Sections 4.03 and 4.15;provided that if as of any date any Person other than the Company, a Restricted Subsidiary of the Company or the lenders or collateral agent under any agreement governing secured Indebtedness permitted to be incurred under Sections 4.03 and 4.15, owns or holds any such Indebtedness or holds a Lien in respect of such Indebtedness, such date shall be deemed the incurrence of Indebtedness not constituting Permitted Indebtedness under this clause (6) by the issuer of such Indebtedness; |
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SECTION 2.16.Registration of Transfers and Exchanges. |
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SECTION 4.13.Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. |
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SECTION 4.14.Limitation on Issuances of Capital Stock ofRestricted Subsidiaries. |
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500 North Field Drive
Lake Forest, Illinois 60045
Attention: Chief Financial Officer
Tenneco Inc.
500 North Field Drive
Lake Forest, Illinois 60045
Facsimile: (847) 482-5040
2 North LaSalle Street, Suite 1020
Chicago, Illinois 60602
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TENNECO INC. | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
TENNECO AUTOMOTIVE OPERATING COMPANY INC., as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
THE PULLMAN COMPANY, as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
CLEVITE INDUSTRIES INC., as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
TENNECO GLOBAL HOLDINGS INC., as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
TMC TEXAS INC., as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
TENNECO INTERNATIONAL HOLDING CORP., as Guarantor | ||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax | |||
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||||
By: | /s/ M. Callahan | |||
Name: | M. Callahan | |||
Title: | Vice President | |||
A-1
due December 15, 2020
CUSIP No.: | ||
No. [ ] | $[ ] |
A-2
TENNECO INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-3
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. as Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-4
due December 15, 2020, Series A
A-5
Year | Percentage | |||
2015 | 103.438 | % | ||
2016 | 102.292 | % | ||
2017 | 101.146 | % | ||
2018 and thereafter | 100.000 | % |
A-6
A-7
A-8
A-9
A-10
and irrevocably appoint | ||
agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. |
Dated: | Signed: | |||||
(Sign exactly as name appears on the other side of this Security) |
Signature Guarantee: | ||
Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor reasonably acceptable to the Trustee) |
A-11
Date: | Your Signature: | |||||
(Sign exactly as your name appears on the other side of this Security) |
Signature Guarantee: | |||
Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor reasonably acceptable to the Trustee) |
A-12
due December 15, 2020, Series B
CUSIP No.: [ ] | ||
No. [ ] | $[ ] | |
B-1
TENNECO INC. | ||||
By: | ||||
Name: | ||||
Title: |
By: | ||||
Name: | ||||
Title: |
B-2
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. as Trustee | ||||
By: | ||||
Name: | ||||
Title: |
B-3
Due December 15, 2020, Series B
B-4
Year | Percentage | |||
2015 | 103.438 | % | ||
2016 | 102.292 | % | ||
2017 | 101.146 | % | ||
2018 and thereafter | 100.000 | % |
B-5
B-6
B-7
B-8
B-9
Dated: | Signed: | |||||
(Sign exactly as name appears on the other side of this Security) |
Signature Guarantee: | ||
Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee) |
B-10
Date: | Your Signature: | |||||
(Sign exactly as your name appears on the other side of this Security) |
Signature Guarantee: | ||
Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee) |
B-11
C-1
OR REGISTRATION OF TRANSFER OF SECURITIES
2 North LaSalle Street, Suite 1020
Chicago, Illinois 60602
Re: | 67/8% Senior Notes due 2020, Series A, and 67/8% Senior Notes due 2020, Series B (the “Securities”), of Tenneco Inc. |
* | Check applicable box. |
D-1
[INSERT NAME OF TRANSFEROR] | ||||
By: | ||||
[Authorized Signatory] | ||||
D-2
Delivered in Connection with
Transfers to Institutional Accredited Investors
2 North LaSalle Street, Suite 1020
Chicago, Illinois 60602
Re: | Tenneco Inc. (the “Company”) Indenture (the “Indenture”) relating to 6⅞% Senior Notes due 2020, Series A |
E-1
Very truly yours, [Name of Transferee] | ||||
By: | ||||
[Authorized Signatory] | ||||
E-2
Delivered in Connection
with Regulation S Transfers
2 North LaSalle Street, Suite 1020
Chicago, Illinois 60602
Re: | Tenneco Inc. (the “Company”) 67/8% Senior Notes due 2020, Series A (the “Securities”) |
F-1
Very truly yours, [Name of Transferor] | ||||
By: | ||||
[Authorized Signatory] | ||||
F-2
[GUARANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
G-1