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Supplemental Indenture

 

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Title:

Supplemental Indenture

Entities:

Odessa Regional Hospital LP; Bank of New York

Date:

2003

Size:

Preview shows 5KB of 19KB total

Price:

$33

ID:

#1603996

 

 

► Financing ► Indentures ► Supplemental Indentures
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                             SUPPLEMENTAL INDENTURE

TO BE DELIVERED BY SUBSEQUENT GUARANTORS

SUPPLEMENTAL INDENTURE (this "Supplemental Indenture") dated as of
April 1, 2003, among Jordan Valley Hospital, LP (the "Guaranteeing Subsidiary"),
a subsidiary of IASIS Healthcare Corporation (or its successor), a corporation
organized under the laws of Delaware (the "Company"), 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

WHEREAS, the Company has heretofore executed and delivered to the
Trustee an indenture (the "Indenture"), dated as of October 15, 1999, providing
for the issuance of an aggregate principal amount at maturity of $230,000,000 of
13% Senior Subordinated Notes due 2009 (the "Notes");

WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally
guarantee all of the Company's Obligations under the Notes and the Indenture on
the terms and conditions set forth herein (the "Subsidiary Guarantee"); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
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
Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the
equal and ratable benefit of the Holders of the Notes as follows:

1. Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby
agrees as follows:

(a) Along with all Guarantors named in the Indenture, to
jointly and severally Guarantee to each Holder of a
Note authenticated and delivered by the Trustee and
to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of
the Indenture, the Notes or the obligations of the
Company hereunder or thereunder, that:

(i) the principal of and interest on
the Notes will be promptly paid in
full when due, whether at maturity,
by acceleration, redemption or
otherwise, and interest on the
overdue principal of and interest
on the Notes, if any, if lawful,
and all other obligations of the
Company to the Holders or the



Trustee hereunder or thereunder
will be promptly paid in full or
performed, all in accordance with
the terms hereof and thereof; and

(ii) in case of any extension of time of
payment or renewal of any Notes or
any of such other obligations, that
same will be promptly paid in full
when due or performed in accordance
with the terms of the extension or
renewal, whether at stated
maturity, by acceleration or
otherwise. Failing payment when due
of any amount so guaranteed or any
performance so guaranteed for

 

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