as Trustee
Trust Indenture Act Section | Indenture Section | |
310(a)(1) | 7.10 | |
(a)(2) | 7.10 | |
(a)(3) | N.A. | |
(a)(4) | N.A. | |
(a)(5) | 7.10 | |
(b) | 7.10 | |
(c) | N.A. | |
311(a) | 7.11 | |
(b) | 7.11 | |
(c) | N.A. | |
312(a) | 2.05 | |
(b) | 12.03 | |
(c) | 12.03 | |
313(a) | 7.06 | |
(b)(1) | N.A. | |
(b)(2) | 7.06;7.07 | |
(c) | 7.06;12.02 | |
(d) | 7.06 | |
314(a) | 4.03;12.02;12.05 | |
(b) | N.A. | |
(c)(1) | 12.04 | |
(c)(2) | 12.04 | |
(c)(3) | N.A. | |
(d) | N.A. | |
(e) | 12.05 | |
(f) | N.A. | |
315(a) | 7.01 | |
(b) | 7.05;12.02 | |
(c) | 7.01 | |
(d) | 7.01 | |
(e) | 6.14 | |
316(a)(last sentence) | 2.09 | |
(a)(1)(A) | 6.05 | |
(a)(1)(B) | 6.04 | |
(a)(2) | N.A. | |
(b) | 6.07 | |
(c) | 2.12;9.04 | |
317(a)(1) | 6.08 | |
(a)(2) | 6.12 | |
(b) | 2.04 | |
318(a) | 12.01 | |
(b) | N.A. | |
(c) | 12.01 |
N.A. means not applicable. | ||
* | This Cross-Reference Table is not part of the Indenture. |
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ARTICLE 1 | ||||
DEFINITIONS AND INCORPORATION BY REFERENCE | ||||
Section 1.01 Definitions | 1 | |||
Section 1.02 Other Definitions | 29 | |||
Section 1.03 Incorporation by Reference of Trust Indenture Act | 30 | |||
Section 1.04 Rules of Construction | 30 | |||
Section 1.05 Acts of Holders | 31 | |||
ARTICLE 2 | ||||
THE NOTES | ||||
Section 2.01 Form and Dating; Terms | 32 | |||
Section 2.02 Execution and Authentication | 34 | |||
Section 2.03 Registrar and Paying Agent | 34 | |||
Section 2.04 Paying Agent to Hold Money in Trust | 35 | |||
Section 2.05 Holder Lists | 35 | |||
Section 2.06 Transfer and Exchange | 35 | |||
Section 2.07 Replacement Notes | 47 | |||
Section 2.08 Outstanding Notes | 47 | |||
Section 2.09 Treasury Notes | 48 | |||
Section 2.10 Temporary Notes | 48 | |||
Section 2.11 Cancellation | 48 | |||
Section 2.12 Defaulted Interest | 48 | |||
Section 2.13 CUSIP Numbers | 49 | |||
ARTICLE 3 | ||||
REDEMPTION | ||||
Section 3.01 Notices to Trustee | 49 | |||
Section 3.02 Selection of Notes to Be Redeemed or Purchased | 49 | |||
Section 3.03 Notice of Redemption | 50 | |||
Section 3.04 Effect of Notice of Redemption | 50 | |||
Section 3.05 Deposit of Redemption or Purchase Price | 51 | |||
Section 3.06 Notes Redeemed or Purchased in Part | 51 | |||
Section 3.07 Optional Redemption | 51 | |||
Section 3.08 Mandatory Redemption | 52 | |||
Section 3.09 Offers to Repurchase by Application of Excess Proceeds | 52 |
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ARTICLE 4 | ||||
COVENANTS | ||||
Section 4.01 Payment of Notes | 54 | |||
Section 4.02 Maintenance of Office or Agency | 54 | |||
Section 4.03 Reports and Other Information | 55 | |||
Section 4.04 Compliance Certificate | 56 | |||
Section 4.05 Taxes | 56 | |||
Section 4.06 Stay, Extension and Usury Laws | 56 | |||
Section 4.07 Limitation on Restricted Payments | 56 | |||
Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 63 | |||
Section 4.09 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock | 64 | |||
Section 4.10 Asset Sales | 70 | |||
Section 4.11 Transactions with Affiliates | 72 | |||
Section 4.12 Liens | 74 | |||
Section 4.13 Corporate Existence | 74 | |||
Section 4.14 Offer to Repurchase Upon Change of Control | 74 | |||
Section 4.15 Limitation on Guarantees of Indebtedness by Restricted Subsidiaries | 76 | |||
Section 4.16 Discharge and Suspension of Covenants | 77 | |||
ARTICLE 5 | ||||
SUCCESSORS | ||||
Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets | 78 | |||
Section 5.02 Successor Corporation Substituted | 79 | |||
ARTICLE 6 | ||||
DEFAULTS AND REMEDIES | ||||
Section 6.01 Events of Default | 80 | |||
Section 6.02 Acceleration | 82 | |||
Section 6.03 Other Remedies | 82 | |||
Section 6.04 Waiver of Past Defaults | 82 | |||
Section 6.05 Control by Majority | 83 | |||
Section 6.06 Limitation on Suits | 83 | |||
Section 6.07 Rights of Holders of Notes to Receive Payment | 83 | |||
Section 6.08 Collection Suit by Trustee | 83 | |||
Section 6.09 Restoration of Rights and Remedies | 84 | |||
Section 6.10 Rights and Remedies Cumulative | 84 | |||
Section 6.11 Delay or Omission Not Waiver | 84 | |||
Section 6.12 Trustee May File Proofs of Claim | 84 | |||
Section 6.13 Priorities | 85 | |||
Section 6.14 Undertaking for Costs | 85 |
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ARTICLE 7 | ||||
TRUSTEE | ||||
Section 7.01 Duties of Trustee | 85 | |||
Section 7.02 Rights of Trustee | 86 | |||
Section 7.03 Individual Rights of Trustee | 87 | |||
Section 7.04 Trustee’s Disclaimer | 88 | |||
Section 7.05 Notice of Defaults | 88 | |||
Section 7.06 Reports by Trustee to Holders of the Notes | 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 | 90 | |||
Section 7.11 Preferential Collection of Claims Against Issuer | 90 | |||
ARTICLE 8 | ||||
LEGAL DEFEASANCE AND COVENANT DEFEASANCE | ||||
Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance | 90 | |||
Section 8.02 Legal Defeasance and Discharge | 91 | |||
Section 8.03 Covenant Defeasance | 91 | |||
Section 8.04 Conditions to Legal or Covenant Defeasance | 92 | |||
Section 8.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 93 | |||
Section 8.06 Repayment to Issuer | 93 | |||
Section 8.07 Reinstatement | 94 | |||
ARTICLE 9 | ||||
AMENDMENT, SUPPLEMENT AND WAIVER | ||||
Section 9.01 Without Consent of Holders of Notes | 94 | |||
Section 9.02 With Consent of Holders of Notes | 95 | |||
Section 9.03 Compliance with Trust Indenture Act | 96 | |||
Section 9.04 Revocation and Effect of Consents | 97 | |||
Section 9.05 Notation on or Exchange of Notes | 97 | |||
Section 9.06 Trustee to Sign Amendments, Etc. | 97 | |||
Section 9.07 Payment for Consent | 97 | |||
ARTICLE 10 | ||||
GUARANTEES | ||||
Section 10.01 Guarantee | 98 | |||
Section 10.02 Limitation on Guarantor Liability | 99 | |||
Section 10.03 Execution and Delivery | 99 | |||
Section 10.04 Subrogation | 100 | |||
Section 10.05 Benefits Acknowledged | 100 | |||
Section 10.06 Release of Guarantees | 100 |
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Page | ||||
ARTICLE 11 | ||||
SATISFACTION AND DISCHARGE | ||||
Section 11.01 Satisfaction and Discharge | 101 | |||
Section 11.02 Application of Trust Money | 102 | |||
ARTICLE 12 | ||||
MISCELLANEOUS | ||||
Section 12.01 Trust Indenture Act Controls | 102 | |||
Section 12.02 Notices | 102 | |||
Section 12.03 Communication by Holders of Notes with Other Holders of Notes | 103 | |||
Section 12.04 Certificate and Opinion as to Conditions Precedent | 103 | |||
Section 12.05 Statements Required in Certificate or Opinion | 104 | |||
Section 12.06 Rules by Trustee and Agents | 104 | |||
Section 12.07 No Personal Liability of Directors, Officers, Employees and Stockholders | 104 | |||
Section 12.08 Governing Law | 104 | |||
Section 12.09 Waiver of Jury Trial | 104 | |||
Section 12.10 Force Majeure | 104 | |||
Section 12.11 No Adverse Interpretation of Other Agreements | 105 | |||
Section 12.12 Successors | 105 | |||
Section 12.13 Severability | 105 | |||
Section 12.14 Counterpart Originals | 105 | |||
Section 12.15 Table of Contents, Headings, Etc. | 105 | |||
Section 12.16 Qualification of Indenture | 105 |
Exhibit A | Form of Note | |
Exhibit B | Form of Certificate of Transfer | |
Exhibit C | Form of Certificate of Exchange | |
Exhibit D | Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors |
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Defined in | ||||
Term | Section | |||
“Acceptable Commitment” | 4.10 | |||
“Affiliate Transaction” | 4.11 | |||
“Asset Sale Offer” | 4.10 | |||
“Authentication Order” | 2.02 | |||
“Change of Control Offer” | 4.14 | |||
“Change of Control Payment” | 4.14 | |||
“Change of Control Payment Date” | 4.14 | |||
“Covenant Defeasance” | 8.03 | |||
“Covenant Suspension Event” | 4.16 | |||
“DTC” | 2.03 | |||
“Event of Default” | 6.01 | |||
“Excess Proceeds” | 4.10 |
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Defined in | ||||
Term | Section | |||
“incur” | 4.09 | |||
“Legal Defeasance” | 8.02 | |||
“Note Register” | 2.03 | |||
“Offer Amount” | 3.09 | |||
“Offer Period” | 3.09 | |||
“Pari Passu Indebtedness” | 4.10 | |||
“Paying Agent” | 2.03 | |||
“Purchase Date” | 3.09 | |||
“Redemption Date” | 3.07 | |||
“Refinancing Indebtedness” | 4.09 | |||
“Refunding Capital Stock” | 4.07 | |||
“Registrar” | 2.03 | |||
“Restricted Payments” | 4.07 | |||
“Second Commitment” | 4.10 | |||
“Successor Company” | 5.01 | |||
“Successor Person” | 5.01 | |||
“Suspended Covenant” | 4.16 | |||
“Treasury Capital Stock” | 4.07 |
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Year | Percentage | |||
2013 | 105.531 | % | ||
2014 | 103.688 | % | ||
2015 | 101.844 | % | ||
2016 and thereafter | 100.000 | % |
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Section 4.09 | Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. |
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Section 8.05 | Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. |
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680 East Swedesford Road
Wayne, Pennsylvania 19087
Fax No.: (610) 687-3725
Attention: General Counsel
If to the Trustee:
The Bank of New York Mellon
101 Barclay Street, Floor 8W
New York, New York 10286
Fax No.: (212) 815-5704
Attention: Corporate Trust Administration
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SUNGARD DATA SYSTEMS INC. | ||||
By: | ||||
Name: | Eric G. Erickson | |||
Title: | Vice President & Treasurer | |||
ADVANCED PORTFOLIO TECHNOLOGIES, INC. AUTOMATED SECURITIES CLEARANCE LLC EXETER EDUCATIONAL MANAGEMENT SYSTEMS, INC. GL TRADE OVERSEAS, INC. INFLOW LLC ONLINE SECURITIES PROCESSING INC. SIS EUROPE HOLDINGS LLC SRS DEVELOPMENT INC. SUNGARD AMBIT LLC SUNGARD ASIA PACIFIC INC. SUNGARD AVAILABILITY SERVICES LP SUNGARD AVAILABILITY SERVICES LTD. SUNGARD AVANTGARD LLC SUNGARD BUSINESS SYSTEMS LLC SUNGARD COMPUTER SERVICES LLC SUNGARD CONSULTING SERVICES LLC SUNGARD CSA LLC SUNGARD DEVELOPMENT CORPORATION SUNGARD DIS INC. SUNGARD ENERGY SYSTEMS INC. SUNGARD EPROCESS INTELLIGENCE LLC SUNGARD FINANCIAL SYSTEMS LLC SUNGARD HIGHER EDUCATION INC. SUNGARD HIGHER EDUCATION MANAGED SERVICES INC. SUNGARD INVESTMENT SYSTEMS LLC SUNGARD INVESTMENT VENTURES LLC SUNGARD IWORKS LLC SUNGARD IWORKS P&C (US) INC. SUNGARD KIODEX LLC SUNGARD NETWORK SOLUTIONS INC. SUNGARD PUBLIC SECTOR INC. SUNGARD REFERENCE DATA SOLUTIONS LLC SUNGARD SAS HOLDINGS INC. SUNGARD SECURITIES FINANCE LLC SUNGARD SECURITIES FINANCE INTERNATIONAL LLC SUNGARD SHAREHOLDER SYSTEMS LLC SUNGARD SOFTWARE, INC. SUNGARD SYSTEMS INTERNATIONAL INC. SUNGARD TECHNOLOGY SERVICES LLC SUNGARD VERICENTER, INC. SUNGARD VPM INC. |
SUNGARD WORKFLOW SOLUTIONS LLC | ||||
By: | ||||
Name: | Eric G. Erickson | |||
Title: | Vice President & Assistant Secretary |
THE BANK OF NEW YORK MELLON, as Trustee | ||||
By: | ||||
Name: | ||||
Title: |
A-1
ISIN [ ]1
[representing up to
$ ]2
73/8% Senior Notes due 2018
1 | Rule 144A Note CUSIP: 867363AP8 Rule 144A Note ISIN: US867363AP87 Regulation S Note CUSIP: U86687AG2 Regulation S Note ISIN: USU86687AG20 | |
2 | Not to be included on Global Note | |
3 | Not to be included on Global Note |
A-2
SUNGARD DATA SYSTEMS INC. | ||||
By: | ||||
Name: | ||||
Title: |
A-3
Dated: [ ], 20[ ] | THE BANK OF NEW YORK MELLON, as Trustee | |||
By: | ||||
Authorized Signatory |
A-4
A-5
Year | Percentage | |||
2013 | 105.531 | % | ||
2014 | 103.688 | % | ||
2015 | 101.844 | % | ||
2016 and thereafter | 100.000 | % |
A-6
A-7
A-8
Wayne, Pennsylvania 19087
Fax No.: (610) 687-3725
Attention: General Counsel
A-9
(I) or (we) assign and transfer this Note to: | ||||
(Insert assignee’ legal name) |
and irrevocably appoint | ||||
to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. |
Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) |
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
A-10
Your Signature: | ||||
(Sign exactly as your name appears on the face of this Note) |
Tax Identification No.: | ||||
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
A-11
Principal Amount | ||||||||
of | ||||||||
Amount of | Amount of increase | this Global Note | Signature of | |||||
decrease | in Principal | following such | authorized officer | |||||
Date of | in Principal | Amount of this | decrease or | of Trustee or | ||||
Exchange | Amount | Global Note | increase | Note Custodian | ||||
* | This schedule should be included only if the Note is issued in global form. |
A-12
680 East Swedesford Road
Wayne, Pennsylvania 19087
Fax No.: (610) 687-3725
Attention: General Counsel
101 Barclay Street, Floor 8W
New York, New York 10286
Fax No.: (212) 815-5704
Attention: Corporate Trust Administration
B-1
B-2
B-3
[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: |
B-4
B-5
680 East Swedesford Road
Wayne, Pennsylvania 19087
Fax No.: (610) 687-3725
Attention: General Counsel
101 Barclay Street, Floor 8W
New York, New York 10286
Fax No.: (212) 815-5704
Attention: Corporate Trust Administration
C-1
C-2
[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: |
C-3
TO BE DELIVERED BY SUBSEQUENT GUARANTORS]
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D-2
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D-5
[GUARANTEEING SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
THE BANK OF NEW YORK MELLON, as Trustee | ||||
By: | ||||
Name: | ||||
Title: |
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