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Document Preview Registration Rights Agreement |
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Title: |
Registration Rights Agreement |
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Entities: |
First Union National Bank; First Union Securities, Inc.; Interface Inc; Interface, Inc.; Salomon Smith Barney Inc. |
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Date: |
2002 |
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Size: |
Preview shows 10KB of 71KB total |
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Price: |
$40 |
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ID: |
#1607283 |
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REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made and
entered into as of the 17th day of January, 2002, by and among Interface, Inc.,
a Georgia corporation (the "Company"), Bentley Mills, Inc., a Delaware
corporation, Bentley Royalty Company, a Nevada corporation, Chatham, Inc., a
North Carolina corporation, Chatham Marketing Co., a North Carolina
corporation, Commercial Flooring Systems, Inc., a Pennsylvania corporation,
Flooring Consultants, Inc., an Arizona corporation, Guilford of Maine, Inc., a
Nevada corporation, Guilford of Maine Finishing Services, Inc., a Nevada
corporation, Guilford of Maine Marketing Co., a Nevada corporation, Intek,
Inc., a Georgia corporation, Intek Marketing Co., a Nevada corporation,
Interface Americas, Inc., a Georgia corporation, Interface Americas Holdings,
Inc., a Georgia corporation, Interface Americas Re:Source Technologies, Inc., a
Georgia corporation, Interface Architectural Resources, Inc., a Michigan
corporation, Interface Fabrics Group, Inc., a Delaware corporation, Interface
Flooring Systems, Inc., a Georgia corporation, Interface Licensing Company, a
Nevada corporation, Interface Overseas Holdings, Inc., a Georgia corporation,
Interface Real Estate Holdings, LLC, a Georgia limited liability company,
Interface Royalty Company, a Nevada corporation, Pandel, Inc., a Georgia
corporation, Prince Street Royalty Company, a Nevada corporation, Quaker City
International, Inc., a Pennsylvania corporation, Re:Source Americas
Enterprises, Inc., a Georgia corporation, Re:Source Massachusetts Floor
Covering, Inc., a Massachusetts corporation, Re:Source New Jersey, Inc., a New
Jersey corporation, Re:Source New York, Inc., a New York corporation, Re:Source
Washington, D.C., Inc., a Virginia corporation, Superior/Reiser Flooring
Resources, Inc., a Texas corporation, Toltec Fabrics, Inc., a Georgia
corporation (collectively, the "Guarantors") and Salomon Smith Barney, Inc. and
First Union Securities, Inc. (collectively, the "Purchasers").
This Agreement is made pursuant to the Purchase Agreement dated
January 11, 2002, among the Company, the Guarantors, and the Purchasers (the
"Purchase Agreement"), which provides for the sale by the Company to the
Purchasers of 10.375% Senior Notes due 2010 (the "Senior Notes"). The Senior
Notes are to be issued by the Company pursuant to the provisions of an
Indenture dated as of January 17, 2002 (as amended, supplemented or otherwise
modified from time to time, the "Indenture") between the Company, certain
subsidiaries of the Company as guarantors and First Union National Bank, as
trustee (the "Trustee").
In order to induce the Purchasers to enter into the Purchase
Agreement, the Company has agreed to provide to the Purchasers and their direct
and indirect transferees the registration rights with respect to the Senior
Notes set forth in this Agreement. The execution of this Agreement is a
condition to the closing under the Purchase Agreement.
In consideration of the foregoing, the parties hereto agree as
follows:
1. Definitions.
As used in this Agreement, the following capitalized defined terms
shall have the following meanings:
"1933 Act" shall mean the Securities Act of 1933, as amended
from time to time.
"1934 Act" shall mean the Securities Exchange Act of 1934, as
amended from time to time.
"Closing Date" shall mean the Closing Date as defined in the
Purchase Agreement.
"Company" shall have the meaning set forth in the preamble
and shall also include the Company's successors.
"Exchange Date" shall have the meaning set forth in Section
2(a)(ii).
"Exchange Notes" shall mean securities issued by the Company
under the Indenture containing terms identical to the Senior Notes
(except that (i) interest thereon shall accrue from the last date on
which interest was paid on the Senior Notes or, if no such interest
has been paid, from January 17, 2002 and (ii) the Exchange Notes will
not provide for an increase in the rate of interest and will not
contain terms with respect to transfer restrictions) and to be offered
to Holders of Senior Notes in exchange for Senior Notes pursuant to
the Exchange Offer.
"Exchange Offer" shall mean the exchange offer by the Company
of Exchange Notes for Registrable Notes pursuant to Section 2(a)
hereof.
"Exchange Offer Registration" shall mean a registration under
the 1933 Act effected pursuant to Section 2(a) hereof.
"Exchange Offer Registration Statement" shall mean an
exchange offer registration statement on Form S-4 (or, if applicable,
on another appropriate form) and all amendments and supplements to
such registration statement, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated
by reference therein.
"Guarantees" shall mean the guarantee of the Senior Notes by
each Guarantor.
"Holder" shall mean the Purchasers, for so long as they own
any Registrable Notes, and each of their successors, assigns and
direct and indirect transferees who become registered owners of
Registrable Notes under the Indenture; provided that for purposes of
Sections 4 and 5 of this Agreement, the term "Holder" shall include
Participating Broker-Dealers (as defined in Section 4(a)).
"Holder Shelf Registration Notice" shall mean written notice
from a Holder to the Company that such Holder (x) is prohibited by
applicable law or SEC policy from participating in the Exchange Offer,
(y) may not resell Exchange Notes acquired by it in the Exchange Offer
to the public without delivering a prospectus and that the prospectus
contained in the Exchange Offer Registration Statement is not
appropriate or available for such resales by such Holder or (z) is a
broker-dealer and holds Registrable Notes acquired directly from the
Company or an "affiliate" of the Company.
"Indenture" shall have the meaning set forth in the preamble.
"Majority Holders" shall mean the Holders of a majority of
the aggregate principal amount of outstanding Registrable Notes;
provided that, for purposes of Section 6(b), whenever the consent or
approval of Holders of a specified percentage of Registrable Notes is
required hereunder, Registrable Notes held by the Company or any of
its affiliates (as such term is defined in Rule 405 under the 1933
Act) (other than the Purchasers or subsequent holders of Registrable
Notes if such subsequent holders are deemed to be such affiliates
solely by reason of their
2
holding of such Registrable Notes) shall not be counted in determining
whether such consent or approval was given by the Holders of such
required percentage or amount.
"Offer Termination Date" shall have the meaning set forth in
Section 2(a)(iv).
"Participating Broker-Dealer" shall have the meaning set
forth in Section 4(a) hereof.
"Person" shall mean an individual, partnership, corporation,
trust or unincorporated organization, or a government or agency or
political subdivision thereof.
"Prospectus" shall mean the prospectus included in a
Registration Statement, including any preliminary prospectus or
offering memorandum, and any such prospectus as amended or
supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of
the Registrable Notes covered by a Shelf Registration Statement, and
by all other amendments and supplements to such prospectus, and in
each case including all material incorporated by reference therein.
"Purchase Agreement" shall have the meaning set forth in the
preamble.
"Purchasers" shall have the meaning set forth in the
preamble.
"Registrable Notes" shall mean the Senior Notes; provided,
however, that the Senior Notes shall cease to be Registrable Notes (i)
when a Registration Statement with respect to such Senior Notes shall
have been declared effective under the 1933 Act and such Senior Notes
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