Exhibit 4(g)(1)
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ICF XXXXXX INTERNATIONAL, INC., Issuer
and
CYGNA CONSULTING ENGINEERS AND PROJECT MANAGEMENT, INC., Existing Guarantor
ICF XXXXXX GOVERNMENT PROGRAMS, INC., Existing Guarantor
PCI OPERATING COMPANY, INC., Existing Guarantor
SYSTEMS APPLICATIONS INTERNATIONAL, INC., Existing Guarantor
and
EDA, INCORPORATED, New Guarantor
GLOBAL TRADE & INVESTMENT, INC., New Guarantor
ICF XXXXXX EUROPE, INC., New Guarantor
ICF XXXXXX / XXXXXXX XXXXXX, INC. , New Guarantor
ICF XXXXXX OVERSEAS ENGINEERING, INC., New Guarantor
ICF XXXXXX ENGINEERS PACIFIC, INC., New Guarantor
ICF XXXXXX REMEDIATION COMPANY, New Guarantor
and
ICF XXXXXX SYSTEMS, INC., New Guarantor
TO
THE BANK OF NEW YORK, Trustee
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First Supplemental Indenture
Dated as of December 3, 1997
to
Indenture dated as of December 23, 1996
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$15,000,000 12% Senior Notes due 2003, Series B
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THIS FIRST SUPPLEMENTAL INDENTURE, dated as of December 3, 1997, is entered
into by and among ICF XXXXXX INTERNATIONAL, INC., a Delaware corporation (the
"Company"), THE BANK OF NEW YORK, a New York banking corporation (the
"Trustee"), the following existing GUARANTORS:
Cygna Consulting Engineers and Project Management, Inc., a Delaware
corporation ("Cygna");
ICF Xxxxxx Government Programs, Inc., a Delaware corporation ("ICFK-GP");
PCI Operating Company, Inc., a Delaware corporation ("PCI"); and
Systems Applications International, Inc., a Delaware corporation "(SAI")
and the following new GUARANTORS:
EDA, Incorporated, a Maryland corporation ("EDA");
Global Trade & Investment, Inc., a Delaware corporation ("Global");
ICF Xxxxxx Europe, Inc., a Delaware corporation ("ICFK Europe");
ICF Xxxxxx / Xxxxxxx Xxxxxx, Inc., a Delaware corporation ("ICFK/GW");
ICF Xxxxxx Overseas Engineering, Inc., a Delaware corporation ("ICFK
Overseas");
ICF Xxxxxx Engineers Pacific, Inc., a Delaware corporation ("ICFK
Pacific");
ICF Xxxxxx Remediation Company, a Delaware corporation ("Remcon"); and
ICF Xxxxxx Systems, Inc., a Delaware corporation ("ICFK Systems").
WITNESSETH:
WHEREAS, each new Guarantor is either a direct or an indirect Wholly Owned
Restricted Subsidiary of the Company;
WHEREAS, on December 3, 1997, the Company entered into an Amended and Restated
Credit Agreement with CoreStates Bank, N.A., as Agent, the banking institutions
named therein (the "Banks"), and certain subsidiaries of the Company named
therein (the "Subsidiary Guarantors"), as a successor Bank Credit Agreement;
WHEREAS, as a condition to the Company's being permitted to include the
Accounts Receivable of the new Guarantors in the Borrowing Base as defined in
and provided for under the Bank Credit Agreement, the new Guarantors must become
Subsidiary Guarantors under the Bank Credit Agreement;
WHEREAS, EDA, Global, ICFK Europe, ICFK/GW, ICFK Overseas, ICFK Pacific,
Remcon, and ICFK Systems have determined that it is desirable to become
Subsidiary Guarantors under the Bank Credit Agreement;
WHEREAS, the Company and the Trustee have heretofore executed and delivered an
Indenture dated as of December 23, 1996 (the "Indenture"), for the purpose of
issuing $15,000,000 of 12% Senior Notes due 2003, Series B (the "Notes"), and
Section 10.01 of the Indenture provides that the Company (when authorized by a
Board Resolution) and the Trustee for the Notes, at any time and from time to
time, may enter into one or more indentures supplemental thereto, in form
satisfactory to such Trustee, for any of the purposes set forth in said Section
10.01 (each a "Supplemental Indenture");
WHEREAS, Section 5.11 of the Indenture requires that, prior to or concurrently
with the new Guarantors becoming Subsidiary Guarantors under the Bank Credit
Agreement, the Company must cause the new Guarantors to execute and deliver to
the Trustee a Supplemental Indenture and a Indenture Guarantee (substantially in
the form attached as Exhibit G to the Indenture) pursuant to which the new
Guarantors will unconditionally guarantee the payment of principal of, premium,
if any, and interest on the Notes;
WHEREAS, ICFK-GP became a Subsidiary Guarantor of the Bank Credit Agreement on
May 6, 1996, and was a Guarantor of the Indenture at the time the Notes were
issued;
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WHEREAS, Cygna, PCI, and SAI became Subsidiary Guarantors under the Bank
Credit Agreement on June 24, 1996, and were Guarantors of the Indenture at the
time the Notes were issued;
WHEREAS, EDA, Global, ICFK Europe, ICFK/GW, ICFK Overseas, ICFK Pacific,
Remcon, and ICFK Systems will become Subsidiary Guarantors under the Bank Credit
Agreement on December 3, 1997, and have determined that it is desirable
simultaneously or concurrently to become new Guarantors under the Indenture;
WHEREAS, the execution and delivery of this Supplemental Indenture has been
duly authorized by the Executive Committee of the Board of Directors of the
Company on October 17, 1997;
WHEREAS, the execution and delivery of this Supplemental Indenture has been
duly authorized by the Boards of Directors of each of the existing Guarantors as
of November 14, 1997;
WHEREAS, the execution and delivery of this Supplemental Indenture and the
Indenture Guarantees have been duly authorized by the Boards of Directors of
each of the new Guarantors as of November 14, 1997;
WHEREAS, the Company and the Guarantors have determined that it is desirable
to enter into this First Supplemental Indenture and have requested the Trustee
to join with them in the execution of this First Supplemental Indenture; and
WHEREAS, the Trustee has accepted the trusts created by this First
Supplemental Indenture and in evidence thereof has joined in the execution
hereof;
NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH, that, in
consideration of the premises and of acceptance by the Trustee of the trusts
created hereby and by the Indenture, and also for and in consideration of the
sum of One Dollar to the Company duly paid by the Trustee at or before the
execution and delivery of this Supplemental Indenture, the receipt of which is
hereby acknowledged, IT IS HEREBY COVENANTED AND AGREED, by and among the
Company, the existing and new Guarantors, and the Trustee, as follows:
1. Terms defined in the Indenture are used herein as therein defined.
2. Each of Cygna, ICFK-GP, PCI, and SAI hereby acknowledge that each has
executed and delivered to the Trustee an Indenture Guarantee, all as of December
23, 1996.
3. Each of EDA, Global, ICFK Europe, ICFK/GW, ICFK Overseas, ICFK Pacific,
and ICFK Systems hereby acknowledge its execution and delivery of an Indenture
Guarantee dated as of December 3, 1997, in the form authorized by and attached
as Exhibit G to the Indenture.
4. The following sundry provisions shall be a part of this First Supplemental
Indenture:
Section 4.01. Effect of Supplemental Indenture. Upon the execution and
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delivery of this First Supplemental Indenture by the Company and the Trustee,
the Indenture shall be supplemented in accordance herewith, and this First
Supplemental Indenture shall form a part of the Indenture for all purposes, and
every Holder of Notes heretofore or hereafter authenticated and delivered under
the Indenture shall be bound thereby.
Section 4.02. Indenture Remains in Full Force and Effect. Except as
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supplemented hereby, all provisions in the Indenture shall remain in full force
and effect.
Section 4.03. Indenture and First Supplemental Indenture Construed Together.
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This First Supplemental Indenture is an Indenture supplemental to and in
implementation of the Indenture, and the Indenture and this First Supplemental
Indenture shall henceforth be read and construed together.
Section 4.04. Confirmation and Preservation of Indenture. The Indenture as
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supplemented by this First Supplemental Indenture is in all respects confirmed
and preserved.
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Section 4.05 Conflict with Trust Indenture Act. If any provision of this
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First Supplemental Indenture limits, qualifies, or conflicts with any provision
of the Trust Indenture Act that is required under such Act to be part of and
govern any provision of this First Supplemental Indenture, the provision of such
Act shall control. If any provision of this First Supplemental Indenture
modifies or excludes any provision of the Trust Indenture Act that may be so
modified or excluded, the provision of such Act 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.
Section 4.06 Separability Clause. In case any provision in this First
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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 4.07 Terms Defined in the Indenture. All capitalized terms not
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otherwise defined herein shall have the meanings ascribed to them in the
Indenture.
Section 4.08 Effect of Headings. The Article and Section headings herein are
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for convenience only and shall not affect the construction hereof.
Section 4.09 Benefits of First Supplemental Indenture, etc. Nothing in this
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First Supplemental Indenture, the Indenture, or the Notes, express or implied,
shall give to any Person, other than the parties hereto and thereto and their
successors hereunder and thereunder and the Holders of the Notes, any benefit of
any legal or equitable right, remedy, or claim under the Indenture, this First
Supplemental Indenture, or the Notes.
Section 4.10 Successors and Assigns. All covenants and agreements in this
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First Supplemental Indenture by the Company and the Guarantors shall bind their
successors and assigns, whether so expressed or not.
Section 4.11 Trustee Not Responsible for Recitals. The recitals contained
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herein shall be taken as the statements of the Company and the Guarantors, and
the Trustee assumes no responsibility for their correctness.
Section 4.12 Certain Duties and Responsibilities of the Trustee. In entering
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into this First Supplemental Indenture, the Trustee shall be entitled to the
benefit of every provision of the Indenture relating to the conduct or affecting
the liability of or affording protection to the Trustee, whether or not
elsewhere herein so provided.
Section 4.13 Governing Law. This First Supplemental Indenture shall be
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governed by and construed in accordance with the laws of the State of New York,
without regard to the conflicts of law principles thereof.
Section 4.14 Counterparts. This First Supplemental Indenture may be executed
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in counterparts, each of which, when so executed, shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental
Indenture to be duly executed, and the Company, the existing and new Guarantors,
and the Trustee have caused their respective corporate seals to be hereunto
affixed and attested, all as of December 3, 1997.
ICF XXXXXX INTERNATIONAL, INC.
CYGNA CONSULTING ENGINEERS AND PROJECT
MANAGEMENT, INC.
ICF XXXXXX GOVERNMENT PROGRAMS, INC.
PCI OPERATING COMPANY, INC.
SYSTEMS APPLICATIONS INTERNATIONAL, INC.
EDA, INCORPORATED
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GLOBAL TRADE & INVESTMENT, INC.
ICF XXXXXX EUROPE, INC.
ICF XXXXXX / XXXXXXX XXXXXX, INC.
ICF XXXXXX OVERSEAS ENGINEERING, INC.
ICF XXXXXX PACIFIC, INC.
ICF XXXXXX REMEDIATION COMPANY
ICF XXXXXX SYSTEMS, INC.
THE BANK OF NEW YORK, as Trustee
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