Exhibit 4.4
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KONINKLIJKE PHILIPS ELECTRONICS N.V.
As Issuer
TO
CITIBANK N.A.
As Trustee
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SECOND SUPPLEMENTAL INDENTURE
Dated as of [ ], 2002
TO THE INDENTURE BETWEEN
KONINKLIJKE PHILIPS ELECTRONICS N.V. (formerly Philips Electronics N.V.),
AS ISSUER, AND
CITIBANK N.A. (as successor to
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK) AS TRUSTEE,
DATED AS OF AUGUST 1, 1993,
AS AMENDED BY THE FIRST SUPPLEMENTAL INDENTURE BETWEEN
KONINKLIJKE PHILIPS ELECTRONICS N.V. (formerly Philips Electronics N.V.)
AS ISSUER, AND
CITIBANK N.A. (as successor to
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK) AS TRUSTEE,
DATED AS OF MAY 6, 1994
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TABLE OF CONTENTS
Page
ARTICLE ONE
AMENDMENTS TO THE INDENTURE
SECTION 101. SECURITY FORMS.......................................2
SECTION 102. COVENANTS............................................2
ARTICLE TWO
MISCELLANEOUS PROVISIONS
SECTION 201. INTEGRAL PART........................................3
SECTION 202. GENERAL DEFINITIONS..................................3
SECTION 203. ADOPTION, RATIFICATION AND CONFIRMATION..............3
SECTION 204. COUNTERPARTS.........................................3
SECTION 205. SEVERABILITY.........................................3
SECTION 206. TRUSTEE NOT RESPONSIBLE FOR RECITALS.................3
SECTION 207. GOVERNING LAW........................................4
KONINKLIJKE PHILIPS ELECTRONICS N.V., AS ISSUER
SECOND SUPPLEMENTAL INDENTURE
THIS SECOND SUPPLEMENTAL INDENTURE, dated as of , 2002, is
entered into between KONINKLIJKE PHILIPS ELECTRONICS N.V., a corporation duly
organized and validly existing under the laws of The Netherlands (the "ISSUER"),
having its registered office at Xxxxxxxx Center, Xxxxxxxxxxx 0, 0000 XX
Xxxxxxxxx, Xxx Xxxxxxxxxxx, and CITIBANK N.A., (as successor to Xxxxxx Guaranty
Trust Company of New York pursuant to a Tripartite Agreement among the Issuer,
Citibank N.A. and Xxxxxx Guaranty Trust Company of New York dated May 20, 1994),
a company duly organized and existing under the laws of the State of New York,
as Trustee (the "TRUSTEE") under the Indenture dated as of August 1, 1993
between the Issuer and the Trustee (the "INITIAL BASE INDENTURE"), as amended by
the First Supplemental Indenture dated as of May 6, 1994 between the Issuer and
the Trustee (the "FIRST SUPPLEMENTAL INDENTURE" and, collectively, the
"SUPPLEMENTED BASE INDENTURE" and, as supplemented by this Second Supplemental
Indenture, the "INDENTURE").
RECITALS
The Issuer has delivered to the Trustee the Initial Base Indenture on
August 1, 1993 and the First Supplemental Indenture on May 6, 1994.
Section 901(5) of the Supplemented Base Indenture provides that the
Issuer, when authorized by or pursuant to a Board Resolution, and the Trustee,
at any time and from time to time, may enter into one or more indentures
supplemental to the Indenture to add to, change or eliminate any of the
provisions of this Indenture in respect of the Securities of one or more series,
provided that any such addition, change or elimination (A) shall neither (i)
apply to any Security of any series Outstanding when such supplemental Indenture
is executed and entitled to the benefit of such provision nor (ii) modify the
rights of any Holder of any such Security with respect to such provision or (B)
shall become effective only when there is no such Security Outstanding.
The Issuer and the Trustee deem it advisable to enter into this Second
Supplemental Indenture for the purpose of amending and supplementing certain
sections of the Supplemented Base Indenture.
All conditions and requirements of the Indenture necessary to make this
Second Supplemental Indenture a valid, binding and legal instrument in
accordance with its terms have been performed and fulfilled by the parties
hereto.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH,
For and in consideration of the premises, it is mutually agreed, for
the equal and proportionate benefit of all Holders, as follows:
1
ARTICLE ONE
AMENDMENTS TO THE INDENTURE
SECTION 101. SECURITY FORMS
Section 203 of the Supplemented Base Indenture shall be amended by:
(a) Inserting after the paragraph (d) of Section 203 on page 21 of the
Supplemented Base Indenture the following:
"(e) any withholding or deduction imposed on a payment to an
individual which is required to be made pursuant to any European
Union Directive on the taxation of savings implementing the
conclusions of ECOFIN Council meeting of November 26-27, 2000 or any
law implementing or complying with, or introduced in order to conform
to, such Directive;
(f) any withholding or deduction required to be made with
respect to a Security presented for payment by or on behalf of a
Holder of such Security who would have been able to avoid such
withholding or deduction by presenting the relevant Security to
another Paying Agent in a member state of the European Union; or"
(b) deleting paragraph (e) of Section 203 and replacing it with new
paragraph (g) as follows:
"(g) any combination of (a), (b), (c), (d), (e) or (f) above."
SECTION 102. COVENANTS
Article 10 of the Supplemented Base Indenture shall be amended by:
(a) Inserting the following sentence of the end of the second paragraph
Section 1004 ("ADDITIONAL AMOUNTS"):
"The Company further covenants that if the conclusions of the
ECOFIN Council meeting of November 26-27, 2000 are
implemented, it will maintain a paying agent in a European
Union member state that will not be obliged to withhold or
deduct tax pursuant to any directive implementing such
conclusions (such obligation of the Company being conditional
upon the existence of such member state). The Company may, at
any time, terminate the appointment of any paying agent,
appoint additional paying agents, and approve any change in
the office through which any paying agent acts. In the event
that the Issuer should change its paying agent provided in
accordance with this clause, the Issuer shall give notice in
accordance with Section 105 of the Indenture."
2
ARTICLE TWO
MISCELLANEOUS PROVISIONS
SECTION 201. INTEGRAL PART
This Second Supplemental Indenture constitutes an integral part of the
Indenture. In the event of a conflict or inconsistency between the Supplemented
Base Indenture and this Second Supplemental Indenture, this Second Supplemental
Indenture shall control.
SECTION 202. GENERAL DEFINITIONS
For all purposes of this Second Supplemental Indenture:
capitalized terms used herein without definition shall have the
meanings specified in the Supplemented Base Indenture; and
the terms "HEREIN", "HEREOF", "HEREUNDER", "HEREOF" and other words of
similar import refer to this Second Supplemental Indenture.
SECTION 203. NO APPLICATION TO SECURITIES OF ALL SERIES OUTSTANDING
The provisions of the Indenture effected through this Second
Supplemental Indenture shall not have retroactive effect and shall neither (i)
apply to any Security of any series Outstanding when such Second Supplemental
Indenture is executed and entitled to the benefit of such provision nor (ii)
modify the rights of any Holder of any such Security with respect to such
provision.
SECTION 204. ADOPTION, RATIFICATION AND CONFIRMATION
The Supplemented Base Indenture, as supplemented and amended by this
Second Supplemental Indenture, is in all respects hereby adopted, ratified and
confirmed.
SECTION 205. COUNTERPARTS
This Second Supplemental Indenture may be executed in any number of
counterparts, each of which when so executed shall be deemed an original; and
all such counterparts shall together constitute but one and the same instrument.
SECTION 206. SEVERABILITY
If any provision in the Supplemented Base Indenture or this Second
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.
SECTION 207. TRUSTEE NOT RESPONSIBLE FOR RECITALS
The recitals herein contained are made by the Issuer and not by the
Trustee, and the Trustee assumes no responsibility for the correctness thereof.
The Trustee makes no representation as to the validity or sufficiency of this
Second Supplemental Indenture.
3
SECTION 208. GOVERNING LAW
THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
4
IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed and their respective corporate seals
to be hereunto fixed and attested as of the day and year first written above.
KONINKLIJKE PHILIPS ELECTRONICS N.V.
as Issuer
By:
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Name:
Title:
CITIBANK N.A.
as Trustee
By:
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Name:
Title:
5
