EXHIBIT 10.29
FIRST SUPPLEMENTAL INDENTURE
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FIRST SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of
May 31, 2000, among IFCO-U.S., L.L.C., the "New Guarantor"), a subsidiary of
IFCO Systems N.V., Inc. (or its successor), a limited liability company
incorporated in the Netherlands (the "Company"), the Guarantors (the "Existing
Guarantors") under the Indenture referred to below, and The Bank of New York, as
trustee under the Indenture referred to below (the "Trustee").
W I T N E S S E T H:
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WHEREAS the Company has heretofore executed and delivered to the Trustee an
Indenture (as such may be amended from time to time, the "Indenture"), dated as
of March 8, 2000, providing for the issuance of its 10 5/8% Senior Subordinated
Notes due 2010 (the "Notes");
WHEREAS Section 4.20 of the Indenture provides that under certain
circumstances the Company is required to cause the New Guarantor to execute and
deliver to the Trustee a supplemental indenture pursuant to which the New
Guarantor shall unconditionally guarantee all of the Company's obligations under
the Notes pursuant to a Guarantee on the terms and conditions set forth in the
Indenture; and
WHEREAS pursuant to Section 8.01 of the Indenture, the Trustee, the Company
and Existing Guarantors are authorized to execute and deliver this Supplemental
Indenture;
NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New
Guarantor, the Company, the Existing Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Noteholders as
follows:
1 Definitions. (a) Capitalized terms used herein without definition shall
have the meanings assigned to them in the Indenture.
(b) For all purposes of this Supplemental Indenture, except as
otherwise herein expressly provided or unless the context otherwise requires:
(i) the terms and expressions used herein shall have the same meanings as
corresponding terms and expressions used in the Indenture; and (ii) the words
"herein," "hereof" and "hereby" and other words of similar import used in this
Supplemental Indenture refer to this Supplemental Indenture as a whole and not
to any particular section hereof.
2 Agreement to Guarantee. The New Guarantor hereby agrees, jointly and
severally with all other Guarantors, to Guarantee the Company's Obligations
under the Notes on the terms and subject to the conditions set forth in Article
10 of the Indenture and to be bound by all other applicable provisions of the
Indenture. From and after the date hereof, the New Guarantor shall be a
Guarantor for all purposes under the Indenture and the Notes.
3 Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified
and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect. This Supplemental Indenture shall form a part of the
Indenture for all purposes, and every Noteholder heretofore or hereafter
authenticated and delivered shall be bound hereby.
4 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO
CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO
THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.
5 Trustee Makes No Representation. The Trustee shall not be responsible
in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained
herein, all of which are made solely by the Company.
6 Multiple Counterparts. The parties may sign multiple counterparts of
this Supplemental Indenture. Each signed counterpart shall be deemed an
original, but all of them together represent one and the same agreement.
7 Headings. The headings of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part
hereof, and shall in no way modify or restrict any of the terms or provisions
hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date and year first above written.
IFCO-U.S., L.L.C.
By: /s/ WILLIAM G. ANDERSON
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Name: William G. Anderson
Title: President
IFCO SYSTEMS N.V.
By: /s/ MARTIN SCHOELLER
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Name: Martin Schoeller
Title: Chief Executive Officer
IFCO EUROPE BETEILIGUNGS GMBH
By: /s/ MARTIN SCHOELLER By: /s/ JORG AUGUSTIN
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Name: Martin Schoeller Name: Jorg Augustin
Title: Managing Director Title: Managing Director
IFCO INTERNATIONAL FOOD
CONTAINER ORGANISATION GMBH
By: /s/ JORG AUGUSTIN By: /s/ GUSTAF SANDAHL
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Name: Jorg Augustin Name: Gustaf Sandahl
Title: Managing Director Title: Managing Director
IFCO FINANCE CONSULTING GMBH
By: /s/ DIRK GROSGEN By: /s/ HOLGER SCHMIDT
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Name: Dirk Grosgen Name: Holger Schmidt
Title: Managing Director Title: Managing Director
IFCO SKANDINAVIEN A/S
By: /s/ GUSTAF SANDAHL By: /s/ RAVN JENSEN
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Name: Gustaf Sandahl Name: Ravn Jensen
Title: Managing Director Title: Managing Director
GISO VERWALTUNGSGESELLSCHAFT MBH & CO.
BEHALTERLEASING KG
By: /s/ LUITPOLD ROEVER
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Name: Luitpold Roever
Title: Managing Director
MTS OKOLOGISTIK VERWALTUNGS GMBH
By: /s/ GUNTER GERLAND By: /s/ JORG AUGUSTIN
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Name: Gunter Gerland Name: Jorg Augustin
Title: Managing Director Title: Managing Director
SCHOELLER INTERNATIONAL LOGISTICS
BETEILIGUNGSGESELLSCHAFT MBH
By: /s/ MARTIN SCHOELLER By: /s/ JORG AUGUSTIN
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Name: Martin Schoeller Name: Jorg Augustin
Title: Managing Director Title: Managing Director
IFCO ARGENTINA S.A.
By: /s/ ARTHUR STOCKLI
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Name: Arthur Stockli
Title: Managing Director
PALEX, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
ACME BARREL COMPANY, INC.
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: President
BAY AREA PALLET COMPANY
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
BLACK RIVER FOREST PRODUCTS, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
CHARLOTTE STEEL DRUM CORPORATION
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: Vice President
CONSOLIDATED CONTAINER CORPORATION
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: Vice President
CONTAINER RESOURCES CORPORATION
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: Vice President
CONTAINER SERVICES COMPANY NW,
INC. (F/K/A CONTAINER SERVICES
COMPANY NW ACQUISITION, INC.)
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: President
CONTAINER SERVICES COMPANY SW,
INC. (F/K/A CONTAINER SERVICES
COMPANY SW ACQUISITION, INC.)
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: President
DUCKERT PALLET CO., INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
DRUM SERVICE CO. OF FLORIDA
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: Vice President
ENVIRONMENTAL RECYCLERS OF
COLORADO, INC.
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: President
GILBERT LUMBER INCORPORATED
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
ISAACSON LUMBER COMPANY
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
INTERSTATE PALLET CO., INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
NEW LONDON PALLET, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
PALEX CONTAINER SYSTEMS, INC.
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: President
PALEX-TEXAS, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
PALEX-TEXAS, L.P.
By: PALEX-TEXAS, INC., General Partner
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
PALEX TEXAS HOLDINGS, INC.
By: /s/ CASEY FLETCHER
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Name: Casey Fletcher
Title: President
PALLET OUTLET COMPANY, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
RIDGE PALLETS, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
SHEFFIELD LUMBER AND PALLET
COMPANY, INC.
By: /s/ EDWARD RHYNE
--------------------------------
Name: Edward Rhyne
Title: Vice President
SHIPSHEWANA PALLET CO., INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
SMG CORPORATION
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
SONOMA PACIFIC COMPANY
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
SOUTHERN PALLET, INC.
By: /s/ EDWARD RHYNE
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Name: Edward Rhyne
Title: Vice President
VALLEY CRATING AND PACKAGING, INC.
By: /s/ EDWARD RHYNE
--------------------------------
Name: Edward Rhyne
Title: Vice President
WESTERN CONTAINER LIMITED
LIABILITY COMPANY
By: /s/ ELLIOT PEARLMAN
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Name: Elliot Pearlman
Title: Manager
THE BANK OF NEW YORK,
as Trustee
By: /s/ CARLOS J. CAPELLAN
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Name: Carlos J. Capellan
Title: Assistant Treasurer