as Trustee and Notes Collateral Agent
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 | |
311(a) | 7.11 | |
(b) | 7.11 | |
312(a) | 2.05 | |
(b) | 13.03 | |
(c) | 13.03 | |
313(a) | 7.06 | |
(b)(1) | N.A. | |
(b)(2) | 7.06; 7.07 | |
(c) | 7.06; 13.02 | |
(d) | 7.06 | |
314(a) | 4.03; 4.04; 6.01; 13.02; 13.05 | |
(b) | 6.01 | |
(c)(1) | 6.01; 13.04 | |
(c)(2) | 6.01; 13.04 | |
(c)(3) | 6.01 | |
(d) | 6.01 | |
(e) | 13.05 | |
(f) | N/A | |
315(a) | 7.01 | |
(b) | 7.05; 13.02 | |
(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) | 13.01 | |
(b) | N.A. | |
(c) | 13.01 |
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 | 39 | |||
Section 1.03 Incorporation by Reference of Trust Indenture Act | 40 | |||
Section 1.04 Rules of Construction | 40 | |||
Section 1.05 Acts of Holders | 41 | |||
ARTICLE 2 | ||||
THE NOTES | ||||
Section 2.01 Form and Dating; Terms | 42 | |||
Section 2.02 Execution and Authentication | 44 | |||
Section 2.03 Registrar and Paying Agent | 44 | |||
Section 2.04 Paying Agent to Hold Money in Trust | 45 | |||
Section 2.05 Holder Lists | 45 | |||
Section 2.06 Transfer and Exchange | 45 | |||
Section 2.07 Replacement Notes | 56 | |||
Section 2.08 Outstanding Notes | 57 | |||
Section 2.09 Treasury Notes | 57 | |||
Section 2.10 Temporary Notes | 57 | |||
Section 2.11 Cancellation | 58 | |||
Section 2.12 Defaulted Interest | 58 | |||
Section 2.13 CUSIP Numbers | 58 | |||
Section 2.14 Global Notes | 59 | |||
ARTICLE 3 | ||||
REDEMPTION | ||||
Section 3.01 Notices to Trustee | 59 | |||
Section 3.02 Selection of Notes to Be Redeemed or Purchased | 59 | |||
Section 3.03 Notice of Redemption | 59 | |||
Section 3.04 Effect of Notice of Redemption | 60 | |||
Section 3.05 Deposit of Redemption or Purchase Price | 61 | |||
Section 3.06 Notes Redeemed or Purchased in Part | 61 | |||
Section 3.07 Optional Redemption | 61 | |||
Section 3.08 Mandatory Redemption | 62 | |||
Section 3.09 Offers to Repurchase by Application of Excess Proceeds or Excess ABL Proceeds | 62 |
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ARTICLE 4 | ||||
COVENANTS | ||||
Section 4.01 Payment of Notes | 64 | |||
Section 4.02 Maintenance of Office or Agency | 64 | |||
Section 4.03 Reports and Other Information | 65 | |||
Section 4.04 Compliance Certificate | 67 | |||
Section 4.05 Taxes | 67 | |||
Section 4.06 Stay, Extension and Usury Laws | 67 | |||
Section 4.07 Limitation on Restricted Payments | 67 | |||
Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries | 74 | |||
Section 4.09 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock | 76 | |||
Section 4.10 Asset Sales | 82 | |||
Section 4.11 Transactions with Affiliates | 86 | |||
Section 4.12 Liens | 88 | |||
Section 4.13 Corporate Existence | 89 | |||
Section 4.14 Offer to Repurchase Upon Change of Control | 89 | |||
Section 4.15 Additional Guarantees | 91 | |||
Section 4.16 Discharge and Suspension of Covenants | 91 | |||
Section 4.17 [Reserved] | 92 | |||
Section 4.18 Restrictions on Activities of the Co-Issuer | 92 | |||
Section 4.19 Further Assurances; After Acquired Property | 92 | |||
Section 4.20 Information Regarding Collateral | 92 | |||
ARTICLE 5 | ||||
SUCCESSORS | ||||
Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets | 93 | |||
Section 5.02 Successor Corporation Substituted | 95 | |||
ARTICLE 6 | ||||
DEFAULTS AND REMEDIES | ||||
Section 6.01 Events of Default | 95 | |||
Section 6.02 Acceleration | 98 | |||
Section 6.03 Other Remedies | 99 | |||
Section 6.04 Waiver of Past Defaults | 99 | |||
Section 6.05 Control by Majority | 99 | |||
Section 6.06 Limitation on Suits | 99 | |||
Section 6.07 Rights of Holders of Notes to Receive Payment | 100 | |||
Section 6.08 Collection Suit by Trustee | 100 | |||
Section 6.09 Restoration of Rights and Remedies | 100 | |||
Section 6.10 Rights and Remedies Cumulative | 100 | |||
Section 6.11 Delay or Omission Not Waiver | 100 | |||
Section 6.12 Trustee May File Proofs of Claim | 101 | |||
Section 6.13 Priorities | 101 | |||
Section 6.14 Undertaking for Costs | 102 |
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ARTICLE 7 | ||||
TRUSTEE | ||||
Section 7.01 Duties of Trustee | 102 | |||
Section 7.02 Rights of Trustee | 103 | |||
Section 7.03 Individual Rights of Trustee | 104 | |||
Section 7.04 Trustee’s Disclaimer | 104 | |||
Section 7.05 Notice of Defaults | 104 | |||
Section 7.06 Reports by Trustee to Holders of the Notes | 104 | |||
Section 7.07 Compensation and Indemnity | 105 | |||
Section 7.08 Replacement of Trustee | 105 | |||
Section 7.09 Successor Trustee by Merger, Etc. | 106 | |||
Section 7.10 Eligibility; Disqualification | 106 | |||
Section 7.11 Preferential Collection of Claims Against Issuers | 107 | |||
Section 7.12 Security Documents; Intercreditor Agreement | 107 | |||
ARTICLE 8 | ||||
LEGAL DEFEASANCE AND COVENANT DEFEASANCE | ||||
Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance | 107 | |||
Section 8.02 Legal Defeasance and Discharge | 107 | |||
Section 8.03 Covenant Defeasance | 108 | |||
Section 8.04 Conditions to Legal or Covenant Defeasance | 108 | |||
Section 8.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 110 | |||
Section 8.06 Repayment to Issuers | 110 | |||
Section 8.07 Reinstatement | 110 | |||
ARTICLE 9 | ||||
AMENDMENT, SUPPLEMENT AND WAIVER | ||||
Section 9.01 Without Consent of Holders of Notes | 111 | |||
Section 9.02 With Consent of Holders of Notes | 113 | |||
Section 9.03 Compliance with Trust Indenture Act | 114 | |||
Section 9.04 Revocation and Effect of Consents | 115 | |||
Section 9.05 Notation on or Exchange of Notes | 115 | |||
Section 9.06 Trustee and Notes Collateral Agent to Sign Amendments, Etc. | 115 | |||
ARTICLE 10 | ||||
GUARANTEES | ||||
Section 10.01 Guarantee | 116 | |||
Section 10.02 Limitation on Guarantor Liability | 117 | |||
Section 10.03 Execution and Delivery | 117 | |||
Section 10.04 Subrogation | 118 | |||
Section 10.05 Benefits Acknowledged | 118 | |||
Section 10.06 Release of Guarantees | 118 |
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ARTICLE 11 | ||||
COLLATERAL | ||||
Section 11.01 Collateral and Security Documents | 119 | |||
Section 11.02 Non-Impairment of Liens | 119 | |||
Section 11.03 Release of Collateral | 120 | |||
Section 11.04 Suits To Protect the Collateral | 121 | |||
Section 11.05 Authorization of Receipt of Funds by the Trustee Under the Security Documents | 121 | |||
Section 11.06 Purchaser Protected | 121 | |||
Section 11.07 Powers Exercisable by Receiver or Trustee | 121 | |||
Section 11.08 Release Upon Termination of the Issuers’ Obligations | 122 | |||
Section 11.09 Notes Collateral Agent | 122 | |||
Section 11.10 Designations | 129 | |||
Section 11.11 Limitations on Stock Collateral | 129 | |||
Section 11.12 Limitations on Certain Perfection Items | 130 | |||
ARTICLE 12 | ||||
SATISFACTION AND DISCHARGE | ||||
Section 12.01 Satisfaction and Discharge | 130 | |||
Section 12.02 Application of Trust Money | 131 | |||
ARTICLE 13 | ||||
MISCELLANEOUS | ||||
Section 13.01 Trust Indenture Act Controls | 131 | |||
Section 13.02 Notices | 132 | |||
Section 13.03 Communication by Holders of Notes with Other Holders of Notes | 132 | |||
Section 13.04 Certificate and Opinion as to Conditions Precedent | 133 | |||
Section 13.05 Statements Required in Certificate or Opinion | 133 | |||
Section 13.06 Rules by Trustee and Agents | 133 | |||
Section 13.07 No Personal Liability of Directors, Officers, Employees, Incorporators, Members, Partners and Stockholders | 134 | |||
Section 13.08 Governing Law | 134 | |||
Section 13.09 Waiver of Jury Trial | 134 | |||
Section 13.10 Force Majeure | 134 | |||
Section 13.11 No Adverse Interpretation of Other Agreements | 134 | |||
Section 13.12 Successors | 134 | |||
Section 13.13 Severability | 134 | |||
Section 13.14 Counterpart Originals | 135 | |||
Section 13.15 Table of Contents, Headings, Etc. | 135 | |||
Section 13.16 Intercreditor Agreement Governs | 135 |
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EXHIBITS | ||
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 | ||||
Term | in Section | |||
“ABL Asset Sale Offer” | 4.10 | |||
“Acceptable Commitment” | 4.10 | |||
“Additional Assets” | 4.10 | |||
“Affiliate Transaction” | 4.11 | |||
“Application Period” | 4.10 | |||
“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 | |||
“DTC” | 2.03 | |||
“Event of Default” | 6.01 | |||
“Excess Proceeds” | 4.10 | |||
“incur” | 4.09 | |||
“Legal Defeasance” | 8.02 | |||
“Non-ABL Collateral” | 4.10 | |||
“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 |
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Defined | ||||
Term | in Section | |||
“Refinancing Indebtedness” | 4.09 | |||
“Refunding Capital Stock” | 4.07 | |||
“Registrar” | 2.03 | |||
“Restricted Payments” | 4.07 | |||
“Reversion Date” | 4.16 | |||
“Second Commitment” | 4.10 | |||
“Subject Lien” | 4.12 | |||
“Successor Company” | 5.01 | |||
“Successor Person” | 5.01 | |||
“Suspended Covenants” | 4.16 | |||
“Suspension Period” | 4.16 | |||
“Treasury Capital Stock” | 4.07 |
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Year | Percentage | |||
2013 | 106.844 | % | ||
2014 | 104.563 | % | ||
2015 | 102.281 | % | ||
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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Section 11.05 | Authorization of Receipt of Funds by the Trustee Under the Security Documents. |
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3773 State Road
Cuyahoga Falls, Ohio 44223
Fax No.: (330) 929-1811
Attention: General Counsel
1445 Ross Avenue — 2nd Floor
Dallas, TX 75202-2812
Fax No.: (214) 777-4086
Attention: Corporate Trust Administration
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Section 13.07 | No Personal Liability of Directors, Officers, Employees, Incorporators, Members, Partners and Stockholders. |
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CAREY ACQUISITION CORP. | ||||
By: | /s/ Erik D. Ragatz | |||
Name: | Erik D. Ragatz | |||
Title: | President, Treasurer and Secretary | |||
ASSOCIATED MATERIALS, LLC | ||||
By: | /s/ Stephen Graham | |||
Name: | Stephen Graham | |||
Title: | Vice President, Chief Financial Officer | |||
CAREY NEW FINANCE, INC. | ||||
By: | /s/ Erik D. Ragatz | |||
Name: | Erik D. Ragatz | |||
Title: | President, Treasurer and Secretary |
GENTEK HOLDINGS, LLC | ||||
By: | /s/ Stephen E. Graham | |||
Name: | Stephen E. Graham | |||
Title: | Vice President — Chief Financial Officer, Treasurer and Secretary |
GENTEK BUILDING PRODUCTS, INC. | ||||
By: | /s/ Stephen E. Graham | |||
Name: | Stephen E. Graham | |||
Title: | Vice President — Chief Financial Officer, Treasurer and Secretary |
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee and Notes Collateral Agent | ||||
By: | /s/ John C. Stohlmann | |||
Name: | John C. Stohlmann | |||
Title: | Vice President |
A-1
ISIN [ ]1
representing up to
$[ ]
9.125% Senior Secured Notes due 2017
No. _____ | [$ ] |
1 | Rule 144A Note CUSIP: [ ] | |
Rule 144A Note ISIN: [ ] | ||
Regulation S Note CUSIP: [ ] | ||
Regulation S Note ISIN: [ ] |
A-2
CAREY ACQUISITION CORP. | ||||
By: | ||||
Name: | ||||
Title: | ||||
CAREY NEW FINANCE, INC. | ||||
By: | ||||
Name: | ||||
Title: |
A-3
Dated: | WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | |||
By: | ||||
Authorized Signatory |
A-4
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Year | Percentage | |||
2013 | 106.844 | % | ||
2014 | 104.563 | % | ||
2015 | 102.281 | % | ||
2016 and thereafter | 100.000 | % |
A-6
A-7
A-8
3773 State Road
Cuyahoga Falls, Ohio 44273
Fax No.: (330) 929-1811
Attention: General Counsel
A-9
(I) or (we) assign and transfer this Note to: | ||||
and irrevocably appoint | ||||
Your Signature: | ||||||
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
A-10
Your Signature: | ||||||
* | Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). |
A-11
Principal Amount of | Signature of | |||||||
Amount of increase | this Global Note | authorized officer of | ||||||
Amount of decrease | in Principal Amount | following such | Trustee or Note | |||||
Date of Exchange | in Principal Amount | of this Global Note | decrease or increase | Custodian | ||||
* | This schedule should be included only if the Note is issued in global form. |
A-12
3773 State Road
Cuyahoga Falls, Ohio 44223
Fax No.: ( ) [ ]
Attention: [ ]
1445 Ross Avenue — 2nd Floor
Dallas, TX 75202-2812
Fax No.: (214) 777-4086
Attention: Corporate Trust Administration
B-1
B-2
[Insert Name of Transferor] | ||||
By: | ||||
Name: | ||||
Title: |
B-3
3773 State Road
Cuyahoga Falls, Ohio 44233
Fax No.: ( ) [ ]
Attention: [ ]
1445 Ross Avenue — 2nd Floor
Dallas, TX 75202-2812
Fax No.: (214) 777-4086
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
[GUARANTEEING SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||||
By: | ||||
Name: | ||||
Title: |
D-3