Exhibit 4.3
SECOND SUPPLEMENTAL INDENTURE
dated as of October 29, 1999
TO
INDENTURE
dated as of March 19, 1999
among
PRECISION PARTNERS, INC.,
as Company,
THE GUARANTORS named therein, and
THE BANK OF NEW YORK,
as Trustee,
as amended
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SECOND SUPPLEMENTAL INDENTURE (this "Second Supplemental Indenture"),
dated as of October 29, 1999, among ▇▇▇▇▇▇▇▇ MACHINE & TOOL CO., INC., a
New York corporation (the "New Guarantor") and a newly acquired subsidiary
of PRECISION PARTNERS, INC. (the "Company"), the Company, the existing
guarantors (the "Existing Guarantors") under the Indenture referred to
below, and THE BANK OF NEW YORK, a national banking corporation, as trustee
under the Indenture referred to below (the "Trustee").
W I T N E S S E T H :
WHEREAS the Company has heretofore executed and delivered to the
Trustee an Indenture, dated as of March 19, 1999 (as amended by the First
Supplemental Indenture dated as of October 15, 1999, the "Indenture"),
providing for the issuance of an aggregate principal amount of $150,000,000
of 12% Senior Subordinated Notes due 2009 (the "Securities");
WHEREAS the Company has issued and outstanding $100 million of
Securities under the Indenture;
WHEREAS Section 4.14 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 Securities pursuant to a Guarantee on the terms and
conditions set forth herein and in Article 11 of the Indenture;
WHEREAS Section 9.1 of the Indenture provides that a supplemental
indenture may be entered into by the Company, the Existing Guarantors and
the Trustee to change certain provisions of the Indenture or modify certain
rights of the Holders of Securities without notice to or the consent of any
Holder so long as such change does not, in the opinion of the Trustee,
adversely affect the rights of any of the Holders in any material respect,
including to add Guarantees with respect to the Securities; and
WHEREAS pursuant to Section 9.1 of the Indenture, the Trustee, the
Company, the Existing Guarantors and the New Guarantor 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
holders of the Securities 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 Second 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
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similar import used in this Second Supplemental Indenture refer to this Second
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 Securities on the terms and subject to the conditions
set forth in Article 11 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 Securities.
3. RATIFICATION OF INDENTURE; SECOND SUPPLEMENTAL INDENTURE 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 Second
Supplemental Indenture shall form a part of the Indenture for all purposes,
and every holder of Securities heretofore or hereafter authenticated and
delivered shall be bound hereby.
4. MISCELLANEOUS.
4.1 GOVERNING LAW. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW
TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY.
4.2 TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no
representation as to the validity or sufficiency of this Second
Supplemental Indenture.
4.3 COUNTERPARTS. The parties may sign any number of copies of this
Second Supplemental Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement.
4.4 EFFECT OF HEADINGS. The Section headings herein are for
convenience only and shall not affect the construction thereof.
4.5 CONFLICT WITH TIA. If any provision of this First Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA,
that is required under the TIA to be part of and govern any provision of
this First Supplemental Indenture, the provision of the TIA shall control.
If any provision of this First Supplemental Indenture modifies or excludes
any provision of the TIA that may be so modified or excluded, the
provisions of the TIA shall be deemed to apply to the Indenture as so
modified or to be excluded by this First Supplemental Indenture, as the
case may be.
4.6. SEVERABILITY. In case any provision of this First Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any
way be affected or impaired thereby.
4.7. NO THIRD PARTY BENEFICIARIES. Nothing in this Second Supplemental
Indenture, the Indenture, or the Securities, express or implied, shall give
to any Person, other
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than the parties hereto and thereto and their successors hereunder and
thereunder, and the Holders of the Securities, any benefit of any legal or
equitable right, remedy or claim under the Indenture, this Second Supplemental
Indenture or the Securities.
IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed as of the date first above
written.
New Guarantor:
▇▇▇▇▇▇▇▇ MACHINE & TOOL CO., INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
--------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
Company:
PRECISION PARTNERS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Chief Financial Officer
Existing Guarantors:
CERTIFIED FABRICATORS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
--------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
GENERAL AUTOMATION, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
NATIONWIDE PRECISION PRODUCTS CORP.
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By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
----------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
MID STATE MACHINE PRODUCTS
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
GALAXY INDUSTRIES CORPORATION
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
Trustee:
THE BANK OF NEW YORK
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
-------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇
Title: Assistant Vice President
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