Exhibit 4.2(i)
SEVENTEENTH SUPPLEMENTAL INDENTURE
Seventeenth Supplemental Indenture (this “Supplemental Indenture”), dated as of April 2, 2014, among BEAZER-INSPIRADA LLC, a Delaware limited liability company (the “Guaranteeing Subsidiary”), a subsidiary of Beazer Homes USA, Inc., a Delaware corporation (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”).
WITNESSETH
WHEREAS, each of Beazer Homes USA, Inc. and the Subsidiary Guarantors (as defined in the Indenture referred to below) are parties to an indenture, dated as of April 17, 2002 (as amended, modified or supplemented from time to time prior to the date hereof in accordance therewith and, together with each supplemental indenture, including the Notes Supplemental Indentures referred to below, the “Indenture”);
WHEREAS, pursuant to the Eighth Supplemental Indenture, dated as of June 6, 2006 (the “Eighth Supplemental Indenture”), the Company issued $275,000,000 of 8.125% Senior Notes due 2016 (the “2016 Notes”);
WHEREAS, pursuant to the Thirteenth Supplemental Indenture, dated as of May 20, 2010 (the “Thirteenth Supplemental Indenture”), the Company issued $300,000,000 of 9.125% Senior Notes due 2018 (the “2018 Notes”);
WHEREAS, pursuant to the Fourteenth Supplemental Indenture, dated as of November 12, 2010 (the “Fourteenth Supplemental Indenture” and together with the Eighth Supplemental Indenture and the Thirteenth Supplemental Indenture, the “Notes Supplemental Indentures”), the Company issued $250,000,000 of 9.125% Senior Notes due 2019 (the “2019 Notes” and together with the 2016 Notes and 2018 Notes, the “Notes”);
WHEREAS, the Notes Supplemental Indentures provide that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and
WHEREAS, pursuant to Section 5.02 of the Eighth Supplemental Indenture and Section 5.03 of each of the Thirteenth Supplemental Indenture and the Fourteenth Supplemental Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Guarantees and in the Indenture including but not limited to Article Four of each of the Notes Supplemental Indentures, and subject to the limitations therein.
Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
Effect of Headings. The headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
The Trustee. The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Supplemental Indenture.
Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits.
Successors. All agreements of the Guaranteeing Subsidiary in this Supplemental Indenture shall bind its Successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
| BEAZER-INSPIRADA LLC | ||||||
| By: | Beazer Homes Holdings Corp. Its Manager and Sole Member | |||||
| By: | /s/ Robert L. Salomon | |||||
| Name: | Robert L. Salomon | |||||
| Title: | Executive Vice President | |||||
U.S. BANK NATIONAL ASSOCIATION as Trustee | ||||||
| By: | /s/ William B. Echols | |||||
| Name: | William B. Echols | |||||
| Title: | Vice President | |||||
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