Exhibit 4.34
COLLATERAL TRUSTEE RESIGNATION AND APPOINTMENT, JOINDER, ASSUMPTION AND DESIGNATION AGREEMENT
This COLLATERAL TRUSTEE RESIGNATION AND APPOINTMENT, JOINDER, ASSUMPTION AND DESIGNATION AGREEMENT (as amended, supplemented or otherwise modified from time to time, this “Agreement”) dated as of October 1, 2018, is entered into by and among (a) Wilmington Trust, National Association (“Wilmington”), in its capacity as (i) aCo-Collateral Trustee (as defined herein) under the Collateral Trust Agreement referenced below and under each other Collateral Trust Security Document (as defined in such Collateral Trust Agreement) effective as of the date hereof and (ii) successor Collateral Trustee under the Collateral Trust Agreement referenced below and under each other Collateral Trust Security Document effective as of the Succession Effective Date (as defined inSection 8 below) (Wilmington in such capacity, the “Successor Collateral Trustee”); (b) Wilmington, solely in its capacity as Trustee under that certain Indenture, dated as of March 30, 2017, relating to the Parent’s 4.875% Senior Secured Notes due 2022 and Floating Rate Senior Secured Notes due 2024 (the “Indenture”), as a PP&E First Lien Agent; (c) Bank of America, N.A. (“BANA”) in its capacity as (i) aCo-Collateral Trustee under the Collateral Trust Agreement and under each other Collateral Trust Security Document effective as of the date hereof and (ii) the retiring Collateral Trustee under the Collateral Trust Agreement and each other Collateral Trust Security Document effective as of the Succession Effective Date (BANA in such capacity, the “Retiring Collateral Trustee”); (d) The Bank of New York Mellon, London Branch, in its capacity as a PP&E First Lien Agent; (e) JPMorgan Chase Bank, N.A. (“JPM”), in its capacity as a First Priority Representative with respect to First Priority Obligations; (f) Tenneco Inc. (as successor to Federal-Mogul LLC) (the “Parent”) and (g) the other Loan Parties (as defined in the ABL Intercreditor Agreement (as defined in the Collateral Trust Agreement)) party hereto.
WHEREAS, reference is made to that certain Amended and Restated Collateral Trust Agreement dated as of April 15, 2014 among Federal-Mogul LLC and the other Loan Parties party thereto from time to time, Credit Suisse AG, in its capacity as a PP&E First Lien Agent, Citibank N.A. (“Citi”), in its capacities as the ABL Agent, a PP&E First Lien Agent and as Collateral Trustee and the other parties party thereto, as amended and supplemented by (i) that certain Collateral Trust Joinder, dated as of March 30, 2017, among Citi, as Collateral Trustee, and Wilmington Trust, National Association, as New Representative (as defined therein), (ii) that certain Collateral Trust Joinder, dated as of June 29, 2017, among Citi, as Collateral Trustee, and The Bank of New York Mellon, London Branch, as New Representative (as defined therein) and (iii) that certain Collateral Trustee Resignation and Appointment Agreement, dated as of February 23, 2018, by and among BANA, Citi, the Loan Parties thereto and the PP&E First Lien Agents party thereto (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Collateral Trust Agreement”; capitalized terms used herein without definition shall have the meanings attributed to such terms in the Collateral Trust Agreement (unless otherwise indicated));
WHEREAS, as of the date hereof, the Parent, Tenneco Automotive Operating Company Inc. (“TAOC”), the lenders party thereto and JPM, as administrative agent, have entered into that certain Credit Agreement dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, pursuant to this Agreement the parties hereto (with respect to the Representatives, only as to clause (a)(ii)), hereby agree that (a) Wilmington shall be appointed as (i) aco-collateral trustee with BANA (in BANA’s capacity as Collateral Trustee effective as of the date hereof) in accordance with Section 5.10 of the Collateral Trust Agreement and pursuant to the terms of this Agreement (Wilmington and BANA each in such capacity, a “Co-Collateral Trustee”) and (ii) the sole Collateral Trustee under the Collateral Trust Agreement and the other Collateral Trust Security Documents effective as of the Succession Effective Date; and (b) BANA shall resignas Co-Collateral Trustee and as Collateral Trustee under the Collateral Trust Agreement and the other Collateral Trust Security Documents effective as of the Succession Effective Date in accordance with Section 5.07 of the Collateral Trust Agreement;