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Title:

Indenture

Entities:

California Equity Funding Inc.; McGraw-Hill Companies Inc.; U.S. Bank, NA; William Lyon Homes, Inc.

Date:

2003

Size:

Preview shows 80KB of 274KB total

Price:

$58

ID:

#282076

 

 

► Financing ► Indentures
► Financial
► Construction
► Services ► Printing & Publishing
► Miscellany

 

 

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WILLIAM LYON HOMES, INC.,

 

THE GUARANTORS named herein

 

and

 

U.S. BANK NATIONAL ASSOCIATION, as Trustee

 

 


 

INDENTURE

 

Dated as of March [            ], 2003

 


 

 

[            ]% Senior Notes due 2013

 

 



 

CROSS-REFERENCE TABLE

 

TIA

       

Indenture

Section

  

Section

    

310

  

(a)(1)

  

7.10

    

(a)(2)

  

7.10

    

(a)(3)

  

N.A.

    

(a)(4)

  

N.A.

    

(a)(5)

  

N.A.

    

(b)

  

7.08; 7.10; 12.02

    

(b)(1)

  

7.10

    

(c)

  

N.A.

311

  

(a)

  

7.11

    

(b)

  

7.11

    

(c)

  

N.A.

312

  

(a)

  

2.06

    

(b)

  

12.03

    

(c)

  

12.03

313

  

(a)

  

7.06

    

(b)(1)

  

N.A.

    

(b)(2)

  

7.06

    

(c)

  

7.06; 12.02

    

(d)

  

7.06

314

  

(a)

  

4.02; 4.04; 12.02

    

(b)

  

N.A.

    

(c)(1)

  

12.04

    

(c)(2)

  

12.04

    

(c)(3)

  

N.A.

    

(d)

  

N.A.

    

(e)

  

12.05

    

(f)

  

N.A.

315

  

(a)

  

7.01(b)

    

(b)

  

7.05; 12.02

    

(c)

  

7.01(a)

    

(d)

  

7.01(c)

    

(e)

  

6.12

316

  

(a) (last sentence)

  

2.10

    

(a)(1)(A)

  

6.05

    

(a)(1)(B)

  

6.04

    

(a)(2)

  

N.A.

    

(b)

  

6.08

    

(c)

  

8.04

317

  

(a)(1)

  

6.09

    

(a)(2)

  

6.10

    

(b)

  

2.05; 7.12

318

  

(a)

  

12.01

 


N.A. means Not Applicable

Note:   This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture


 

TABLE OF CONTENTS

    
    

Page

ARTICLE ONE

    

DEFINITIONS AND INCORPORATION BY REFERENCE

    

SECTION 1.01.

  

Definitions.

  

1

SECTION 1.02.

  

Other Definitions.

  

33

SECTION 1.03.

  

Incorporation by Reference of Trust Indenture Act.

  

34

SECTION 1.04.

  

Rules of Construction.

  

34

ARTICLE TWO

    

THE NOTES

    

SECTION 2.01.

  

Amount of Notes.

  

35

SECTION 2.02.

  

Form and Dating.

  

36

SECTION 2.03.

  

Execution and Authentication.

  

36

SECTION 2.04.

  

Registrar and Paying Agent.

  

37

SECTION 2.05.

  

Paying Agent To Hold Money in Trust.

  

37

SECTION 2.06.

  

Holder Lists.

  

38

SECTION 2.07.

  

Transfer and Exchange.

  

38

SECTION 2.08.

  

Replacement Notes.

  

39

SECTION 2.09.

  

Outstanding Notes.

  

39

SECTION 2.10.

  

Treasury Notes.

  

40

SECTION 2.11.

  

Temporary Notes.

  

40

SECTION 2.12.

  

Cancellation.

  

40

SECTION 2.13.

  

Defaulted Interest.

  

40

SECTION 2.14.

  

CUSIP Number.

  

41

SECTION 2.15.

  

Deposit of Moneys.

  

41

SECTION 2.16.

  

Book-Entry Provisions for Global Notes.

  

41

SECTION 2.17.

  

Computation of Interest.

  

43

ARTICLE THREE

    

REDEMPTION

    

SECTION 3.01.

  

Election To Redeem; Notices to Trustee.

  

43

SECTION 3.02.

  

Selection by Trustee of Notes To Be Redeemed.

  

43

SECTION 3.03.

  

Notice of Redemption.

  

44

SECTION 3.04.

  

Effect of Notice of Redemption.

  

45

SECTION 3.05.

  

Deposit of Redemption Price.

  

45

 

-i-


Page

SECTION 3.06.

  

Notes Redeemed in Part.

  

45

ARTICLE FOUR

    

COVENANTS

    

SECTION 4.01.

  

Payment of Notes.

  

46

SECTION 4.02.

  

Reports to Holders.

  

46

SECTION 4.03.

  

Waiver of Stay, Extension or Usury Laws.

  

46

SECTION 4.04.

  

Compliance Certificate.

  

47

SECTION 4.05.

  

Taxes.

  

47

SECTION 4.06.

  

Limitations on Additional Indebtedness.

  

48

SECTION 4.07.

  

[Intentionally Omitted]

  

50

SECTION 4.08.

  

Limitations on Restricted Payments.

  

50

SECTION 4.09.

  

Limitations on Asset Sales.

  

52

SECTION 4.10.

  

Limitations on Transactions with Affiliates.

  

54

SECTION 4.11.

  

Limitations on Liens.

  

56

SECTION 4.12.

  

Conduct of Business.

  

57

SECTION 4.13.

  

Additional Note Guarantees.

  

57

SECTION 4.14.

  

Limitations on Dividend and Other Restrictions Affecting Restricted Subsidiaries.

  

57

SECTION 4.15.

  

Limitations on Designation of Unrestricted Subsidiaries.

  

59

SECTION 4.16.

  

Maintenance of Consolidated Tangible Net Worth.

  

61

SECTION 4.17.

  

Maintenance of Properties; Insurance; Compliance with Law.

  

62

SECTION 4.18.

  

Payments for Consent.

  

62

SECTION 4.19.

  

Legal Existence.

  

63

SECTION 4.20.

  

Change of Control Offer.

  

63

ARTICLE FIVE

    

SUCCESSOR CORPORATION

    

SECTION 5.01.

  

Limitations on Mergers, Consolidations, Etc.

  

64

SECTION 5.02.

  

Successor Person Substituted.

  

66

ARTICLE SIX

    

DEFAULTS AND REMEDIES

    

SECTION 6.01.

  

Events of Default.

  

66

SECTION 6.02.

  

Acceleration.

  

68

SECTION 6.03.

  

Other Remedies.

  

68

SECTION 6.04.

  

Waiver of Past Defaults and Events of Default.

  

69

 

-ii-



 

SECTION 6.05.

  

Control by Majority.

  

69

SECTION 6.06.

  

Limitation on Suits.

  

69

SECTION 6.07.

  

No Personal Liability of Directors, Officers, Employees and Stockholders.

  

70

SECTION 6.08.

  

Rights of Holders To Receive Payment.

  

70

SECTION 6.09.

  

Collection Suit by Trustee.

  

70

SECTION 6.10.

  

Trustee May File Proofs of Claim.

  

70

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