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Title: |
Third Supplemental Indenture |
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Date: |
2000 |
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Preview shows 6KB of 19KB total |
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$42 |
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ID: |
#1281169 |
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MASCOTECH, INC.,
METALYNC COMPANY LLC
AND
BANK ONE TRUST COMPANY, N.A. (as successor in
interest to THE FIRST NATIONAL BANK OF CHICAGO),
Trustee
----------------------
Third Supplemental Indenture
Dated as of November 28, 2000
----------------------
Indenture, Dated as of November 1, 1986,
as supplemented and amended by the First
Supplemental Indenture, Dated as of August 5, 1994, and the
Second Supplemental Indenture, Dated as of November 28, 2000
Between MascoTech, Inc. and
The First National Bank of Chicago, as successor Trustee to Morgan
Guaranty Trust Company of New York,
Relating to the 4 1/2% Convertible Subordinated Debentures
Due 2003
--------------------------------------------------------------------------------
<PAGE>
THIRD SUPPLEMENTAL INDENTURE
THIRD SUPPLEMENTAL INDENTURE (this "Third Supplemental Indenture"), dated
as of November 28, 2000, between MascoTech, Inc., a Delaware corporation (the
"Company"), Metalync Company LLC, a Delaware limited liability company and a
wholly-owned subsidiary of the Company ("Metalync"), both having their principal
offices at 21001 Van Born Road, Taylor, Michigan 48180, and Bank One Trust
Company, N.A. (as successor in interest to The First National Bank of Chicago),
a national banking association as Trustee (the "Trustee").
RECITALS
WHEREAS, the Company, formerly known as Masco Industries, Inc., heretofore
executed and delivered an Indenture, dated as of November 1, 1986, a
Supplemental Indenture, dated as of August 5, 1994, and a Second Supplemental
Indenture, dated as of November 28, 2000 (together, the "Indenture") with the
Trustee (capitalized terms used but not otherwise defined in this Third
Supplemental Indenture shall have the meanings ascribed to such terms in the
Indenture); and
WHEREAS, pursuant to the Indenture, the Company issued and the Trustee
authenticated and delivered $345,000,000 aggregate principal amount of the
Company's 4 1/2% Convertible Subordinated Debentures Due 2003 (the
"Convertible Securities"); and
WHEREAS, pursuant to Section 11.01(g) of the Indenture, Metalync, the
Company and the Trustee may enter into this Third Supplemental Indenture without
the consent of any holders of the Convertible Securities to make provisions in
regard to matters arising under the Indenture which do not materially adversely
affect the interests of the holders of Securities; and
WHEREAS, the Company will assign certain of its assets to Metalync; and
WHEREAS, Metalync and the Company desire to join Metalync as a party to the
Indenture pursuant to Section 12.01 of the Indenture; and
<PAGE>
-2-
WHEREAS, this Third Supplemental Indenture has been duly authorized by all
necessary corporate action on the part of Metalync and the Company; and
NOW, THEREFORE, Metalync and the Company hereby covenant and agree with the
Trustee for the equal and proportionate benefit of all holders of the
Convertible Securities, as follows:
ARTICLE ONE
AMENDMENT
Section 1.1. Amendment of Certain Sections of Indenture. Subject to the
other provisions hereof, and pursuant to Section 11.01(g) of the Indenture, the
Indenture is hereby amended and supplemented in the following respects:
(a) Section 3.06(a) of the Indenture is hereby amended by deleting the text
contained in the third line of subpart (a) thereof and replacing it with the
following:
"continuing corporation or limited liability company and which does not
result in any reclassification of, or"
(b) Section 3.06(b) of the Indenture is hereby amended by deleting the text
contained in the first two lines of subpart (b) thereof and replacing it with
the following:
"(b) any sale or conveyance to another corporation or limited liability
company of the assets of the Company as an entirety or substantially"
(c) Section 11.01(a) of the Indenture is hereby amended by deleting the
text thereof and replacing it with the following:
"(a) to evidence the succession of another corporation or limited liability
company to the Company, or successive succession, and the assumption by the
successor corporation or limited liability company of the covenants,
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