Consolidation, Merger and Sale of Assets
The indenture provides that we shall not merge or consolidate or combine with or into or, directly or indirectly, sell, assign, convey, lease, transfer or otherwise dispose of all or substantially all of its assets to any person or persons in a single transaction or through a series of transactions, unless:
(i) we shall be the continuing Person or, if we are not the continuing person, the resulting, surviving or transferee person (the “surviving entity”) is a corporation (or any entity treated as a corporation for U.S. federal income tax purposes) organized and existing under the laws of the United States or any state thereof or the District of Columbia;
(ii) the surviving entity shall expressly assume all of our obligations under the notes and the indenture, and shall, if required by law to effectuate the assumption, execute a supplemental indenture in form satisfactory to the trustee which will be delivered to the trustee;
(iii) immediately after giving effect to such transaction or series of transactions on a pro forma basis, no Event of Default has occurred and is continuing; and
(iv) we or the surviving entity will have delivered to the trustee an officer’s certificate and opinion of counsel stating that the transaction or series of transactions and a supplemental indenture, if any, complies with the applicable section of the indenture and that all conditions precedent in the indenture relating to the transaction or series of transactions have been satisfied.
The restrictions in clauses (iii) and (iv) above shall not be applicable to:
(i) the merger or consolidation of us with an affiliate of ours if our board of directors determines in good faith that the purpose of such transaction is principally to change the state of incorporation of us or convert the form of organization of us to another form; or
(ii) the merger of us with or into a single direct or indirect wholly owned subsidiary of us pursuant to Section 251(g) (or any successor provision) of the General Corporation Law of the State of Delaware (or similar provision of our state of incorporation).
If any consolidation or merger or any sale, assignment, conveyance, lease, transfer or other disposition of all or substantially all of our assets occurs in accordance with the indenture, the successor person shall succeed to, and be substituted for, and may exercise every right and power of us under the indenture with the same effect as if such successor person had been named in the indenture as the issuer and we shall (except in the case of a lease) be discharged from all obligations and covenants under the indenture and the notes.
Modification and Amendment
We and the trustee may amend the indenture or the notes or enter into a supplemental indenture without notice to or the consent of any holder to:
(a) cure ambiguities, omissions, defects or inconsistencies;
(b) make any change that would provide any additional rights or benefits to the holders of notes of a series;
(c) provide for or add guarantors with respect to the notes of any series;
(d) secure the notes of any series;
(e) establish the form or forms of notes of any series;
(f) provide for uncertificated notes of any series in addition to or in place of certificated notes of the applicable series;
(g) evidence and provide for the acceptance of appointment by a successor trustee;
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