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. |
Page | ||||
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 | 57 | |||
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 | 84 | |||
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 | |||
2015 | 103.813 | % | ||
2016 | 102.542 | % | ||
2017 | 101.271 | % | ||
2018 and thereafter | 100.000 | % |
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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
Attention: Corporate Trust Administration
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SUNGARD DATA SYSTEMS INC. | ||||||||
By: | ||||||||
Name: | Eric G. Erickson | |||||||
Title: | Vice President & Treasurer |
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
75/8% Senior Notes due 2020
1 | Rule 144A Note CUSIP: 867363AS2 Rule 144A Note ISIN: US867363AS27 Regulation S Note CUSIP: U86687AH0 Regulation S Note ISIN: USU86687AH03 | |
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
THE BANK OF NEW YORK MELLON, | ||||
as Trustee | ||||
Dated: [ ], 20[__] | ||||
By: | ||||
Authorized Signatory |
A-4
A-5
Year | Percentage | |||
2015 | 103.813 | % | ||
2016 | 102.542 | % | ||
2017 | 101.271 | % | ||
2018 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: | ||||
and irrevocably appoint | |
Date: | ||||
Your Signature: | ||||||
Signature Guarantee*: | |
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
A-10
Date: | ||||
Your Signature: | ||||||
Tax Identification No.: |
Signature Guarantee*: |
* | 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: | ||||||
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]
D-1
D-2
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D-4
D-5
[GUARANTEEING SUBSIDIARY] | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
THE BANK OF NEW YORK MELLON, as Trustee | ||||||||
By: | ||||||||
Name: | ||||||||
Title: |
D-6