AS TRUSTEE
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ARTICLE I | ||||
DEFINITIONS AND INCORPORATION BY REFERENCE | ||||
SECTION 1.1. Definitions | 1 | |||
SECTION 1.2. Other Definitions | 35 | |||
SECTION 1.3. Incorporation by Reference of Trust Indenture Act | 36 | |||
SECTION 1.4. Rules of Construction | 37 | |||
ARTICLE II | ||||
THE SECURITIES | ||||
SECTION 2.1. Form, Dating and Terms | 37 | |||
SECTION 2.2. Execution and Authentication | 45 | |||
SECTION 2.3. Registrar and Paying Agent | 46 | |||
SECTION 2.4. Paying Agent to Hold Money in Trust | 47 | |||
SECTION 2.5. Holder Lists | 47 | |||
SECTION 2.6. Transfer and Exchange | 48 | |||
SECTION 2.7. Form of Certificate to be Delivered in Connection with Transfers to IAIs | 51 | |||
SECTION 2.8. Form of Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S | 53 | |||
SECTION 2.9. Mutilated, Destroyed, Lost or Stolen Securities | 54 | |||
SECTION 2.10. Outstanding Securities | 55 | |||
SECTION 2.11. Temporary Securities | 55 | |||
SECTION 2.12. Cancellation | 56 | |||
SECTION 2.13. Payment of Interest; Defaulted Interest | 56 | |||
SECTION 2.14. Computation of Interest | 57 | |||
SECTION 2.15. CUSIP, Common Code and ISIN Numbers | 57 | |||
ARTICLE III | ||||
COVENANTS | ||||
SECTION 3.1. Payment of Securities | 57 | |||
SECTION 3.2. Limitation on Indebtedness | 58 | |||
SECTION 3.3. Limitation on Restricted Payments | 63 | |||
SECTION 3.4. Limitation on Restrictions on Distributions from Restricted Subsidiaries | 68 | |||
SECTION 3.5. Limitation on Sales of Assets and Subsidiary Stock | 70 | |||
SECTION 3.6. Limitation on Liens | 74 | |||
SECTION 3.7. [Reserved] | 74 | |||
SECTION 3.8. Limitation on Affiliate Transactions | 74 | |||
SECTION 3.9. Limitation on Sale of Capital Stock of Restricted Subsidiaries | 76 | |||
SECTION 3.10. Limitation on Lines of Business | 77 |
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SECTION 3.11. Change of Control | 77 | |||
SECTION 3.12. SEC Reports | 78 | |||
SECTION 3.13. Future Subsidiary Guarantors | 79 | |||
SECTION 3.14. Maintenance of Office or Agency | 80 | |||
SECTION 3.15. Corporate Existence | 80 | |||
SECTION 3.16. Payment of Taxes and Other Claims | 81 | |||
SECTION 3.17. [Reserved] | 81 | |||
SECTION 3.18. Compliance Certificate | 81 | |||
SECTION 3.19. Further Instruments and Acts | 81 | |||
SECTION 3.20. Statement by Officers as to Default | 81 | |||
SECTION 3.21. Effectiveness of Certain Covenants | 82 | |||
ARTICLE IV | ||||
SUCCESSOR COMPANY | ||||
SECTION 4.1. Merger and Consolidation | 82 | |||
ARTICLE V | ||||
REDEMPTION OF SECURITIES | ||||
SECTION 5.1. Redemption | 85 | |||
SECTION 5.2. Applicability of Article | 85 | |||
SECTION 5.3. Election to Redeem; Notice to Trustee | 85 | |||
SECTION 5.4. Selection by Trustee of Securities to Be Redeemed | 85 | |||
SECTION 5.5. Notice of Redemption | 86 | |||
SECTION 5.6. Deposit of Redemption Price | 87 | |||
SECTION 5.7. Securities Payable on Redemption Date | 87 | |||
SECTION 5.8. Securities Redeemed in Part | 87 | |||
ARTICLE VI | ||||
DEFAULTS AND REMEDIES | ||||
SECTION 6.1. Events of Default | 88 | |||
SECTION 6.2. Acceleration | 90 | |||
SECTION 6.3. Other Remedies | 91 | |||
SECTION 6.4. Waiver of Past Defaults | 91 | |||
SECTION 6.5. Control by Majority | 91 | |||
SECTION 6.6. Limitation on Suits | 92 | |||
SECTION 6.7. Rights of Holders to Receive Payment | 92 | |||
SECTION 6.8. Collection Suit by Trustee | 92 | |||
SECTION 6.9. Trustee May File Proofs of Claim | 92 | |||
SECTION 6.10. Priorities | 93 | |||
SECTION 6.11. Undertaking for Costs | 93 |
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ARTICLE VII | ||||
TRUSTEE | ||||
SECTION 7.1. Duties of Trustee | 93 | |||
SECTION 7.2. Rights of Trustee | 95 | |||
SECTION 7.3. Individual Rights of Trustee | 96 | |||
SECTION 7.4. Trustee’s Disclaimer | 96 | |||
SECTION 7.5. Notice of Defaults | 96 | |||
SECTION 7.6. Reports by Trustee to Holders | 97 | |||
SECTION 7.7. Compensation and Indemnity | 97 | |||
SECTION 7.8. Replacement of Trustee | 98 | |||
SECTION 7.9. Successor Trustee by Merger | 99 | |||
SECTION 7.10. Eligibility; Disqualification | 100 | |||
SECTION 7.11. Preferential Collection of Claims Against the Company | 100 | |||
SECTION 7.12. Trustee’s Application for Instruction from the Company | 100 | |||
SECTION 7.13. Paying Agents | 100 | |||
ARTICLE VIII | ||||
DISCHARGE OF INDENTURE; DEFEASANCE | ||||
SECTION 8.1. Discharge of Liability on Securities; Defeasance | 101 | |||
SECTION 8.2. Conditions to Defeasance | 102 | |||
SECTION 8.3. Application of Trust Money | 103 | |||
SECTION 8.4. Repayment to the Company | 103 | |||
SECTION 8.5. Indemnity for U.S. Government Obligations | 104 | |||
SECTION 8.6. Reinstatement | 104 | |||
ARTICLE IX | ||||
AMENDMENTS | ||||
SECTION 9.1. Without Consent of Holders | 104 | |||
SECTION 9.2. With Consent of Holders | 106 | |||
SECTION 9.3. Compliance with Trust Indenture Act | 107 | |||
SECTION 9.4. Revocation and Effect of Consents and Waivers | 107 | |||
SECTION 9.5. Notation on or Exchange of Securities | 108 | |||
SECTION 9.6. Trustee to Sign Amendments | 108 | |||
ARTICLE X | ||||
NOTE GUARANTEES | ||||
SECTION 10.1. Note Guarantees | 108 | |||
SECTION 10.2. Limitation on Liability; Termination, Release and Discharge | 110 | |||
SECTION 10.3. Right of Contribution | 111 | |||
SECTION 10.4. No Subrogation | 111 |
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ARTICLE XI | ||||
COLLATERAL | ||||
SECTION 11.1. Collateral and Collateral Documents | 112 | |||
SECTION 11.2. Release of Collateral | 113 | |||
SECTION 11.3. Certificates of the Trustee | 114 | |||
SECTION 11.4. Suits to Protect the Collateral | 114 | |||
SECTION 11.5. Authorization of Receipt of Funds by the Trustee Under the | 115 | |||
SECTION 11.6. Purchase Protected | 115 | |||
SECTION 11.7. Powers Exercisable by Receiver or Trustee | 115 | |||
SECTION 11.8. Release upon Termination of the Company’s Obligations | 115 | |||
SECTION 11.9. Collateral Agent | 116 | |||
SECTION 11.10. Designations | 120 | |||
SECTION 11.11. Compensation and Indemnification | 120 | |||
SECTION 11.12. Intercreditor Agreement and Collateral Documents | 120 | |||
SECTION 11.13. Further Assurances | 121 | |||
SECTION 11.14. Impairment of Security Interest | 121 | |||
SECTION 11.15. Information Regarding Collateral | 121 | |||
SECTION 11.16. Maintenance of Properties and Insurance | 122 | |||
ARTICLE XII | ||||
MISCELLANEOUS | ||||
SECTION 12.1. Trust Indenture Act Controls | 122 | |||
SECTION 12.2. Notices | 123 | |||
SECTION 12.3. Communication by Holders with other Holders | 124 | |||
SECTION 12.4. Certificate and Opinion as to Conditions Precedent | 124 | |||
SECTION 12.5. Statements Required in Certificate or Opinion | 124 | |||
SECTION 12.6. When Securities Disregarded | 125 | |||
SECTION 12.7. Rules by Trustee, Paying Agent and Registrar | 125 | |||
SECTION 12.8. Legal Holidays | 125 | |||
SECTION 12.9. Governing Law | 125 | |||
SECTION 12.10. No Recourse Against Others | 125 | |||
SECTION 12.11. Successors | 126 | |||
SECTION 12.12. Multiple Originals | 126 | |||
SECTION 12.13. Qualification of Indenture | 126 | |||
SECTION 12.14. Table of Contents; Headings | 126 | |||
SECTION 12.15. [Reserved] | 126 | |||
SECTION 12.16. Force Majeure | 126 | |||
SECTION 12.17. Waiver of Jury Trial | 126 | |||
SECTION 12.18. Severability | 126 |
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SCHEDULE 3.8 Existing Affiliate Transactions | ||||
SCHEDULE 11.5 Premises and Leased Premises | ||||
EXHIBIT A Form of the Series A Note | ||||
EXHIBIT B Form of the Series B Note | ||||
EXHIBIT C Form of Indenture Supplement to Add Subsidiary Guarantors |
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TIA | Indenture | |
Section | 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; 7.8; 7.10 | |
(c) | N.A. | |
311 (a) | 7.11 | |
(b) | 7.11 | |
(c) | N.A. | |
312 (a) | 2.5 | |
(b) | 12.3 | |
(c) | 12.3 | |
313 (a) | 7.6 | |
(b)(1) | 7.6 | |
(b)(2) | 7.6 | |
(c) | 7.6 | |
(d) | 7.6 | |
314 (a) | 3.12; 3.18; 12.5 | |
(b) | N.A. | |
(c)(1) | 8.1; 11.7; 12.4 | |
(c)(2) | 8.1; 11.7; 12.4 | |
(c)(3) | N.A. | |
(d) | 12.5 | |
(e) | 12 | |
315 (a) | 7.1 | |
(b) | 7.5 | |
(c) | 7.1 | |
(d) | 7.1 | |
(e) | 6.11 | |
316 (a)(last sentence) | 12.6 | |
(a)(1)(A) | 6.5 | |
(a)(1)(B) | 6.4 | |
(a)(2) | N.A. | |
(b) | 6.7 | |
(c) | 9.4 | |
317 (a)(1) | 6.8 | |
(a)(2) | 6.9 | |
(b) | 2.4 | |
318 (a) | 12.1 |
Note: | This Cross-Reference Table shall not, for any purpose, be deemed to be part of this Indenture. |
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DEFINITIONS AND INCORPORATION BY REFERENCE
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Term | Defined in Section | |
“Additional Restricted Securities” | 2.1(b) | |
“Affiliate Transaction” | 3.8 | |
“Agent” | 3.14 | |
“Agent Members” | 2.1(e) | |
“Asset Disposition Offer” | 3.5 | |
“Asset Disposition Offer Amount” | 3.5 | |
“Asset Disposition Offer Period” | 3.5 | |
“Asset Disposition Purchase Date” | 3.5 | |
“Authenticating Agent” | 2.2 | |
“Change of Control Offer” | 3.11 | |
“Change of Control Payment” | 3.11 | |
“Change of Control Payment Date” | 3.11 | |
“Company Order” | 2.2 | |
“covenant defeasance option” | 8.1(b) | |
“cross-acceleration provision” | 6.1(6)(b) | |
“Defaulted Interest” | 2.13 |
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Term | Defined in Section | |
“Event of Default” | 6.1 | |
“Excess Proceeds” | 3.5 | |
“Exchange Global Note” | 2.1(b) | |
“Global Securities” | 2.1(b) | |
“Guarantor Obligations” | 10.1 | |
“Institutional Accredited Investor Global Note” | 2.1(b) | |
“Institutional Accredited Investor Notes” | 2.1(b) | |
“legal defeasance option” | 8.1(b) | |
“Pari Passu Notes” | 3.5 | |
“payment default” | 6.1(6)(a) | |
“Paying Agent” | 2.3 | |
“Private Placement Legend” | 2.1(d) | |
“protected purchaser” | 2.9 | |
“Registrar” | 2.3 | |
“Regulation S Global Note” | 2.1(b) | |
“Regulation S Legend” | 2.1(d) | |
“Regulation S Notes” | 2.1(b) | |
“Resale Restriction Termination Date” | 2.6(a) | |
“Restricted Payment” | 3.3 | |
“Restricted Securities” | 2.1(a) | |
“Rule 144A Global Note” | 2.1(b) | |
“Rule 144A Notes” | 2.1(b) | |
“Special Interest Payment Date” | 2.13(a) | |
“Special Record Date” | 2.13(a) | |
“Successor Company” | 4.1 |
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THE SECURITIES
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2 North LaSalle Street; Suite 1020
Chicago, IL 60602
Attention: Global Corporate Trust
Re: | Libbey Glass Inc. | |
Senior Secured Notes, Series A, due 2015 |
Name: | ||||||||
Address: | ||||||||
Taxpayer ID Number: | ||||||||
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TRANSFEREE: | ||||||||
BY: | ||||||||
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2 North LaSalle Street; Suite 1020
Chicago, IL 60602
Attention: Global Corporate Trust
Re: | Libbey Glass Inc. | |
Senior Secured Notes, Series A, due 2015 |
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Very truly yours, | ||||||
[Name of Transferor] | ||||||
By: | ||||||
Authorized Signature |
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COVENANTS
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SUCCESSOR COMPANY
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REDEMPTION OF SECURITIES
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DEFAULTS AND REMEDIES
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TRUSTEE
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DISCHARGE OF INDENTURE; DEFEASANCE
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AMENDMENTS
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NOTE GUARANTEES
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COLLATERAL
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MISCELLANEOUS
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300 Madison Ave.
P.O. Box 10060
Toledo, Ohio 43699-0060
Fax: (419) 325-2585
Attention: Susan Kovach, Esq.
Latham & Watkins LLP
233 South Wacker Drive, Suite 5800
Chicago, IL 60606
2 North LaSalle Street, Suite 1020
Chicago, IL 60602
Attention: Global Corporate Trust
Bryan Cave LLP
1290 Avenue of the Americas
New York NY 10104
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LIBBEY GLASS INC. | ||||
By: | /s/ Susan A. Kovach | |||
Name: | Susan A. Kovach | |||
Title: | Vice President, General Counsel & Secretary |
LIBBEY INC. | ||||
By: | /s/ Susan A. Kovach | |||
Name: | Susan A. Kovach | |||
Title: | Vice President, General Counsel & Secretary |
SYRACUSE CHINA COMPANY WORLD TABLEWARE INC. LGA4 CORP. LGA3 CORP. THE DRUMMOND GLASS COMPANY LGC CORP. TRAEX COMPANY LIBBEY.COM LLC LGFS INC. LGAC LLC | ||||
By: | /s/ Susan A. Kovach | |||
Name: | Susan A. Kovach | |||
Title: | Vice President, General Counsel & Secretary |
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||||
By: | /s/ Linda E. Garcia | |||
Name: | Linda E. Garcia | |||
Title: | Vice President | |||
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Collateral Agent | ||||
By: | /s/ Linda E. Garcia | |||
Name: | Linda E. Garcia | |||
Title: | Vice President | |||
[Depository Legend, if applicable]
[OID Legend, if applicable]
No. | Principal Amount $ , as | |
revised by the Schedule of Increases and | ||
Decreases in Global Security attached hereto | ||
CUSIP NO. [144A: 52989L AD1/REGS U52873 AB9] | ||
ISIN: [144A: US52989LAD10/REGS | ||
USU52873AB96] |
A-1
LIBBEY GLASS INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Date: |
A-2
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee, certifies that this is one of the
Securities referred to in the within mentioned Indenture.
By: | |||
Authorized Signatory | |||
Date: |
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A-5
Period | Percentage | |||
2012 | 105.000 | % | ||
2013 | 102.500 | % | ||
2014 and thereafter | 100.000 | % |
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300 Madison Ave.
P.O. Box 10060
Toledo, Ohio 43699-0060
Attention: Treasurer
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Date: | Your Signature: | |||||||
Signature Guarantee: | ||||||||
(Signature must be guaranteed) |
1o | acquired for the undersigned’s own account, without transfer; or | ||
2o | transferred to the Company; or | ||
3o | transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or | ||
4o | transferred pursuant to an effective registration statement under the Securities Act; or | ||
5o | transferred pursuant to and in compliance with Regulation S under the Securities Act; or |
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6o | transferred to an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears asSection 2.7 of the Indenture); or | ||
7o | transferred pursuant to another available exemption from the registration requirements of the Securities Act. |
Signature |
(Signature must be guaranteed) | Signature |
Dated: | ||||
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Amount of decrease | Amount of increase | Principal Amount of | Signature of | |||||||
in Principal Amount | in Principal Amount | this Global Security | authorized signatory | |||||||
Date of Decrease | of this Global | of this Global | following such | of Trustee or | ||||||
or Increase | Security | Security | decrease or increase | Securities Custodian | ||||||
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o | o | |
3.5 | 3.11 |
Date: | Your Signature: | |||||||
Signature Guarantee: | ||||||||
(Signature must be guaranteed) |
A-16
[Depository Legend, if applicable]
[OID Legend, if applicable]
No. ___ | Principal Amount $ , as | |
revised by the Schedule of Increases and | ||
Decreases in Global Security attached hereto | ||
CUSIP NO. [144A: 52989L AD1/REGS U52873 AB9] | ||
ISIN: [144A: US52989LAD10/REGS | ||
USU52873AB96] |
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LIBBEY GLASS INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Date: |
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee, certifies that this is one of the
Securities referred to in the within mentioned Indenture.
By: | |||||
Authorized Signatory |
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Period | Percentage | |||
2012 | 105.000 | % | ||
2013 | 102.500 | % | ||
2014 and thereafter | 100.000 | % |
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300 Madison Ave.
P.O. Box 10060
Toledo, Ohio 43699-0060
Attention: Treasurer
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Date: | Your Signature: | |||||
Signature Guarantee: | ||
(Signature must be guaranteed) |
1o | acquired for the undersigned’s own account, without transfer; or | |
2o | transferred to the Company; or | |
3o | transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or | |
4o | transferred pursuant to an effective registration statement under the Securities Act; or | |
5o | transferred pursuant to and in compliance with Regulation S under the Securities Act; or |
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6o | transferred to an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears asSection 2.7 of the Indenture); or | |
7o | transferred pursuant to another available exemption from the registration requirements of the Securities Act. |
Signature | ||||||
Signature Guarantee: | ||||||
(Signature must be guaranteed) | Signature |
Dated: |
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Principal Amount of | Signature of | |||||||||||||||||
Amount of decrease | Amount of increase | this Global | authorized | |||||||||||||||
in Principal Amount | in Principal Amount | Security following | signatory of | |||||||||||||||
Date of Decrease | of this Global | of this Global | such | Trustee or | ||||||||||||||
or Increase | Security | Security | decrease or increase | Securities Custodian |
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3.5 3.11
Date: | Your Signature: | |||||
Signature Guarantee: | ||
(Signature must be guaranteed) |
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[SECURITIES GUARANTOR], as a Guarantor | ||||
By: | ||||
Name: | ||||
Title: | ||||
[Address] | ||||
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
LIBBEY GLASS INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
[EXISTING GUARANTORS] | ||||
By: | ||||
Name: | ||||
Title: | ||||
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