as Issuer
as Trustee
Trust Indenture Act Section | Supplemental Indenture Section | |||
310(a)(1) | 7.10 | |||
(a)(2) | 7.10 | |||
(a)(3) | N.A. | |||
(a)(4) | N.A. | |||
(a)(5) | 7.10 | |||
(b) | 7.3; 7.10 | |||
(c) | N.A. | |||
311(a) | 7.11 | |||
(b) | 7.11 | |||
(c) | N.A. | |||
312(a) | 2.5 | |||
(b) | 11.3 | |||
(c) | 11.3 | |||
313(a) | 7.6 | |||
(b)(1) | 7.6 | |||
(b)(2) | 7.6; 7.7 | |||
(c) | 7.6; 11.2 | |||
(d) | 7.6 | |||
314(a) | 4.3; 11.5 | |||
(b) | N.A. | |||
(c)(1) | N.A. | |||
(c)(2) | N.A. | |||
(c)(3) | N.A. | |||
(d) | N.A. | |||
(e) | 11.5 | |||
(f) | N.A. | |||
315(a) | 7.1 | |||
(b) | 1.1,11.2 | |||
(c) | 7.1 | |||
(d) | 7.1 | |||
(e) | N.A. | |||
316(a) (last sentence) | N.A. | |||
(a)(1)(A) | N.A. | |||
(a)(1)(B) | N.A. | |||
(a)(2) | N.A. | |||
(b) | N.A. | |||
(c) | 2.13 | |||
317(a)(1) | N.A. | |||
(a)(2) | N.A. | |||
(b) | 2.3 |
* This Cross-Reference Table is not part of the Supplemental Indenture. |
Trust Indenture Act Section | Supplemental Indenture Section | |||
318(a) | 11.1 | |||
(b) | N.A. | |||
(c) | N.A. |
N.A. means not applicable. |
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ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE | ||||
SECTION 1.1 Definitions | 2 | |||
SECTION 1.2 Other Definitions | 38 | |||
SECTION 1.3 Incorporation by Reference of Trust Indenture Act | 38 | |||
SECTION 1.4 Rules of Construction | 39 | |||
SECTION 1.5 Effective Indenture | 39 | |||
ARTICLE II THE NOTES | ||||
SECTION 2.1 Form and Dating | 39 | |||
SECTION 2.2 Execution and Authentication | 41 | |||
SECTION 2.3 Registrar; Paying Agent | 41 | |||
SECTION 2.4 Paying Agent to Hold Money in Trust | 42 | |||
SECTION 2.5 Holder Lists | 42 | |||
SECTION 2.6 Book-Entry Provisions for Global Securities | 43 | |||
SECTION 2.7 Replacement Notes | 46 | |||
SECTION 2.8 Outstanding Notes | 46 | |||
SECTION 2.9 Treasury Notes | 46 | |||
SECTION 2.10 Temporary Notes | 47 | |||
SECTION 2.11 Cancellation | 47 | |||
SECTION 2.12 Defaulted Interest | 47 | |||
SECTION 2.13 Record Date | 47 | |||
SECTION 2.14 Computation of Interest | 47 | |||
SECTION 2.15 CUSIP, ISIN and Common Code Numbers | 48 | |||
SECTION 2.16 Issuance of Additional Notes | 48 | |||
ARTICLE III REDEMPTION AND PREPAYMENT | ||||
SECTION 3.1 Notices to Trustee | 48 | |||
SECTION 3.2 Selection of Notes to Be Redeemed | 49 | |||
SECTION 3.3 Notice of Redemption | 49 | |||
SECTION 3.4 Effect of Notice of Redemption | 50 | |||
SECTION 3.5 Deposit of Redemption or Purchase Price | 50 | |||
SECTION 3.6 Notes Redeemed in Part | 51 |
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SECTION 3.7 Optional Redemption | 51 | |||
SECTION 3.8 Mandatory Redemption | 52 | |||
SECTION 3.9 Offer to Purchase | 52 | |||
ARTICLE IV COVENANTS | ||||
SECTION 4.1 Payment of Notes | 53 | |||
SECTION 4.2 Maintenance of Office or Agency | 53 | |||
SECTION 4.3 Provision of Financial Information | 54 | |||
SECTION 4.4 Compliance Certificate | 55 | |||
SECTION 4.5 Taxes | 55 | |||
SECTION 4.6 Stay, Extension and Usury Laws | 55 | |||
SECTION 4.7 Limitation on Restricted Payments | 55 | |||
SECTION 4.8 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 60 | |||
SECTION 4.9 Limitation on Incurrence of Debt | 62 | |||
SECTION 4.10 Limitation on Asset Sales | 64 | |||
SECTION 4.11 Limitation on Transactions with Affiliates | 66 | |||
SECTION 4.12 Limitation on Liens | 68 | |||
SECTION 4.13 Limitation on Sale and Leaseback Transactions | 68 | |||
SECTION 4.14 Offer to Purchase upon Change of Control | 68 | |||
SECTION 4.15 Corporate Existence | 69 | |||
SECTION 4.16 Business Activities | 69 | |||
SECTION 4.17 Limitation on Creation of Unrestricted Subsidiaries | 69 | |||
SECTION 4.18 Maintenance of Properties; Insurance; Books and Records | 70 | |||
SECTION 4.19 Covenant Suspension | 70 | |||
SECTION 4.20 Note Guarantees | 71 | |||
ARTICLE V SUCCESSORS | ||||
SECTION 5.1 Consolidation, Merger, Conveyance, Transfer or Lease | 72 | |||
SECTION 5.2 Successor Person Substituted | 73 | |||
ARTICLE VI DEFAULTS AND REMEDIES | ||||
SECTION 6.1 Events of Default | 74 | |||
SECTION 6.2 Acceleration | 75 | |||
SECTION 6.3 Other Remedies | 76 | |||
SECTION 6.4 Waiver of Past Defaults | 77 | |||
SECTION 6.5 Control by Majority | 77 | |||
SECTION 6.6 Limitation on Suits | 77 |
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SECTION 6.7 Rights of Holders of Notes to Receive Payment | 77 | |||
SECTION 6.8 Collection Suit by Trustee | 78 | |||
SECTION 6.9 Trustee May File Proofs of Claim | 78 | |||
SECTION 6.10 Priorities | 78 | |||
SECTION 6.11 Undertaking for Costs | 79 | |||
ARTICLE VII TRUSTEE | ||||
SECTION 7.1 Duties of Trustee | 79 | |||
SECTION 7.2 Rights of Trustee | 80 | |||
SECTION 7.3 Individual Rights of Trustee | 82 | |||
SECTION 7.4 Trustee’s Disclaimer | 82 | |||
SECTION 7.5 Notice of Defaults | 82 | |||
SECTION 7.6 Reports by Trustee to Holders of the Notes | 82 | |||
SECTION 7.7 Compensation and Indemnity | 83 | |||
SECTION 7.8 Replacement of Trustee | 84 | |||
SECTION 7.9 Successor Trustee by Merger, Etc. | 85 | |||
SECTION 7.10 Eligibility; Disqualification | 85 | |||
SECTION 7.11 Preferential Collection of Claims Against the Issuer | 85 | |||
SECTION 7.12 Trustee’s Application for Instructions from the Issuer | 85 | |||
SECTION 7.13 Calculations in Respect of Securities. | 85 | |||
ARTICLE VIII DEFEASANCE AND COVENANT DEFEASANCE | ||||
SECTION 8.1 Option to Effect Defeasance or Covenant Defeasance | 86 | |||
SECTION 8.2 Defeasance and Discharge | 86 | |||
SECTION 8.3 Covenant Defeasance | 86 | |||
SECTION 8.4 Conditions to Defeasance or Covenant Defeasance | 87 | |||
SECTION 8.5 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 88 | |||
SECTION 8.6 Repayment to Issuer | 89 | |||
SECTION 8.7 Reinstatement | 89 | |||
ARTICLE IX AMENDMENT, SUPPLEMENT AND WAIVER | ||||
SECTION 9.1 Without Consent of Holders of the Notes | 89 | |||
SECTION 9.2 With Consent of Holders of Notes | 90 | |||
SECTION 9.3 Compliance with Trust Indenture Act | 91 | |||
SECTION 9.4 Revocation and Effect of Consents | 92 | |||
SECTION 9.5 Notation on or Exchange of Notes | 92 | |||
SECTION 9.6 Trustee to Sign Amendments, Etc. | 92 |
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ARTICLE X NOTE GUARANTEES | ||||
SECTION 10.1 Note Guarantees | 92 | |||
SECTION 10.2 Execution and Delivery of Note Guarantee | 94 | |||
SECTION 10.3 Severability | 94 | |||
SECTION 10.4 Limitation of Guarantors’ Liability | 94 | |||
SECTION 10.5 Guarantors May Consolidate, Etc., on Certain Terms | 95 | |||
SECTION 10.6 Releases Following Sale of Assets | 96 | |||
SECTION 10.7 Release of a Guarantor | 96 | |||
SECTION 10.8 Benefits Acknowledged | 96 | |||
ARTICLE XI SATISFACTION AND DISCHARGE | ||||
SECTION 11.1 Satisfaction and Discharge | 97 | |||
ARTICLE XII MISCELLANEOUS | ||||
SECTION 12.1 Trust Indenture Act Controls | 97 | |||
SECTION 12.2 Notices | 97 | |||
SECTION 12.3 Communication by Holders of Notes with Other Holders of Notes | 98 | |||
SECTION 12.4 Certificate and Opinion as to Conditions Precedent | 98 | |||
SECTION 12.5 Statements Required in Certificate or Opinion | 99 | |||
SECTION 12.6 Rules by Trustee and Agents | 99 | |||
SECTION 12.7 Legal Holidays | 99 | |||
SECTION 12.8 No Personal Liability of Directors, Officers, Employees, Shareholders and the Trustee | 99 | |||
SECTION 12.9 Governing Law | 100 | |||
SECTION 12.10 No Adverse Interpretation of Other Agreements | 100 | |||
SECTION 12.11 Successors | 100 | |||
SECTION 12.12 Severability | 100 | |||
SECTION 12.13 Counterpart Originals | 100 | |||
SECTION 12.14 Table of Contents, Headings, Etc. | 100 |
EXHIBITS | ||
Exhibit A | FORM OF 7.375% SENIOR NOTE | |
Exhibit B | FORM OF NOTATIONAL GUARANTEE |
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Defined in | ||||
Term | Section | |||
“Affiliate Transaction” | 4.11 | |||
“Agent Members” | 2.6 | |||
“Change of Control Offer” | 4.14 | |||
“Change of Control Payment” | 4.14 | |||
“covenant defeasance” | 8.3 | |||
“covenant suspension” | 4.19 | |||
“defeasance” | 8.2 | |||
“Discharge” | 8.2 | |||
“Event of Default” | 6.1 | |||
“Excess Proceeds” | 4.10 | |||
“Expiration Date” | 3.9 | |||
“Initial Liens” | 4.12 | |||
“Note Register” | 2.3 | |||
“Offer Amount” | 3.9 | |||
“Purchase Date” | 3.9 | |||
“redemption date” | 3.1 | |||
“Registrar” | 2.3 | |||
“Surviving Entity” | 5.1 |
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Year | Redemption Price | |||
2015 | 103.688 | % | ||
2016 | 102.458 | % | ||
2017 | 101.229 | % | ||
2018 and thereafter | 100.000 | % |
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33587 Walker Road
Avon Lake, Ohio 44012
Fax: 440.930.1000
Attention: General Counsel
North Point
901 Lakeside Avenue
Cleveland, Ohio 44114
Fax: 216.579.0212
Attention: Michael J. Solecki
230 W. Monroe Street, Suite 2900
Chicago, Illinois 60606
Telephone: (312) 845-4385
Attention: Corporate Trust Services
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POLYONE CORPORATION | ||||
By: | /s/ Arif Ahmed | |||
Name: | Arif Ahmed | |||
Title: | Vice President and Treasurer | |||
WELLS FARGO BANK, N.A., as Trustee | ||||
By: | /s/ Gregory S. Clarke | |||
Name: | Gregory S. Clarke | |||
Title: | Vice President | |||
A-1
No. ____ | CUSIP: 73179P AH9 | |
ISIN: US73179PAH91 |
A-2
POLYONE CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-3
This is one of the Notes referred to in the within-mentioned Indenture:
WELLS FARGO BANK, N.A., as Trustee | ||||
By: | ||||
Authorized Signatory | ||||
A-4
7.375% Senior Notes due 2020
POLYONE CORPORATION
A-5
Year | Redemption Price | |||
2015 | 103.688 | % | ||
2016 | 102.458 | % | ||
2017 | 101.229 | % | ||
2018 and thereafter | 100.000 | % |
A-6
A-7
A-8
A-9
A-10
A-11
A-12
33587 Walker Road
Avon Lake, Ohio 44012
Fax: 440.930.1002
Attention: General Counsel
A-13
(Insert assignee’s soc. sec. or tax I.D. no.) | ||
(Print or type assignee’s name, address and zip code) |
Your Signature: | ||||||
(Sign exactly as your name appears on the face of this Note) | ||||||
Signature guarantee: | ||||||
(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program) |
A-14
Your Signature: | ||||||
(Sign exactly as your name appears on the Note) |
Signature guarantee: | ||||||
(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program) |
A-15
Principal | ||||||||
Amount of | Amount of | Amount of this | Signature of | |||||
Decrease in | Increase in | Global Note | Authorized | |||||
Principal | Principal | Following Such | Officer of | |||||
Date of | Amount of this | Amount of this | Decrease (or | Trustee or Note | ||||
Exchange | Global Note | Global Note | Increase) | Custodian | ||||
A-16
B-1
[NAME OF GUARANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
B-2