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Title: |
Registration Rights Agreement |
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Date: |
2002 |
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Preview shows 13KB of 72KB total |
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$40 |
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ID: |
#888674 |
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REGISTRATION RIGHTS AGREEMENT
by and among
BECKER VENTURES, LLC,
CANADA PENSION PLAN IVESTMENT BOARD,
COMERICA CAPITAL ADVISORS INCORPORATED,
DRESDNER KLEINWORT CAPITAL PARTNERS 2001 LP,
MASCO CAPITAL CORPORATION,
MESIROW CAPITAL PARTNERS VIII, L.P.,
ML IBK POSITIONS, INC.,
and
COLLINS & AIKMAN CORPORATION
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Dated: December 20, 2001
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===============================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
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<S> <C> <C>
ARTICLE I
DEFINITIONS
1.1 Definitions........................................................................................1
ARTICLE II
GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT
2.1 Grant of Rights....................................................................................4
2.2 Registrable Securities.............................................................................4
2.3 Holders of Registrable Securities..................................................................5
ARTICLE III
[RESERVED]
ARTICLE IV
INCIDENTAL OR "PIGGY-BACK" REGISTRATION
4.1 Request for Incidental Registration................................................................5
4.2 Expenses...........................................................................................7
ARTICLE V
HOLDBACK AGREEMENTS
5.1 Restrictions on Public Sale by Designated Holders..................................................7
5.2 Restrictions on Public Sale by the Company.........................................................7
ARTICLE VI
REGISTRATION PROCEDURES
6.1 Obligations of the Company.........................................................................8
6.2 Seller Information................................................................................11
6.3 Notice to Discontinue.............................................................................12
6.4 Registration Expenses.............................................................................12
</TABLE>
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<PAGE>
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ARTICLE VII
INDEMNIFICATION; CONTRIBUTION
7.1 Indemnification by the Company....................................................................13
7.2 Indemnification by Investors......................................................................14
7.3 Conduct of Indemnification Proceedings............................................................14
7.4 Contribution......................................................................................15
ARTICLE VIII
COVENANTS
8.1 Rule 144..........................................................................................16
8.2 Wasserstein and Blackstone Priority of Sale.......................................................16
ARTICLE IX
MISCELLANEOUS
9.1 Recapitalizations, Exchanges, etc.................................................................17
9.2 No Inconsistent Agreements........................................................................17
9.3 Remedies..........................................................................................18
9.4 Notices...........................................................................................18
9.5 Successors and Assigns; Third Party Beneficiaries.................................................19
9.6 Amendments and Waivers............................................................................20
9.7 Counterparts......................................................................................20
9.8 Headings..........................................................................................20
9.9 GOVERNING LAW.....................................................................................20
9.10 Severability......................................................................................20
9.11 Rules of Construction.............................................................................20
9.12 Entire Agreement..................................................................................20
9.13 Further Assurances................................................................................21
9.14 Other Agreements..................................................................................21
</TABLE>
-ii-
<PAGE>
REGISTRATION RIGHTS AGREEMENT
REGISTRATION RIGHTS AGREEMENT, dated December 20, 2001, by and
among Collins & Aikman Corporation, a Delaware corporation (the "Company"), and
Becker Ventures, LLC, Canada Pension Plan Investment Board, Comerica Capital
Advisors Incorporated, Dresdner Kleinwort Capital Partners 2001 LP, Masco
Capital Corporation, Mesirow Capital Partners VIII, L.P. and ML IBK Positions,
Inc. (collectively, the "Investors").
WHEREAS, pursuant to the Subscription Agreements (the
"Subscription Agreements"), each dated December 11, 2001, by and between the
Company and an Investor, the Company is selling the shares, par value $0.01 per
share, of common stock (the "Common Stock") of the Company identified therein;
WHEREAS, in order to induce each of the Investors to purchase
its shares of Common Stock as provided in the Subscription Agreements described
above, the Company has agreed to grant registration rights with respect to the
Registrable Securities (as hereinafter defined) as set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:
ARTICLE I
DEFINITIONS
1.1 Definitions. As used in this Agreement, and unless the
context requires a different meaning, the following terms have the meanings
indicated:
"Agreement" means this Agreement as the same may be amended,
supplemented or modified in accordance with the terms hereof.
"Becker Investors" has the meaning set forth in the Second
Rights Agreement as such term is defined therein on the date of this Agreement.
"Blackstone Holders" has the meaning set forth in the Existing
Registration Rights Agreement as such term is defined therein on the date of
this Agreement.
<PAGE>
-2-
"Business Day" means any day other than a Saturday, Sunday or
other day on which commercial banks in the State of New York are authorized or
required by law or executive order to close.
"Commission" means the Securities and Exchange Commission or
any similar agency then having jurisdiction to enforce the Securities Act.
"Common Stock" has the meaning set forth in the preamble to
this Agreement or any other capital stock of the Company into which such stock
is reclassified or reconstituted and any other common stock of the Company.
"Company" has the meaning set forth in the preamble to this
Agreement and shall mean any successor thereto that has issued securities in
exchange for any Common Stock in connection with any merger or consolidation in
which securities of the Company are converted or exchanged, in whole or in part,
into such securities.
"Company Offering" has the meaning set forth in Section 4.1.
"Company Underwriter" has the meaning set forth in Section
4.1.
"Demand Registration" has the meaning set forth in Section 3.1
of the Existing Registration Rights Agreement, the Second Registration Rights
Agreement and the Textron Rights Agreement.
"Designated Holder" means each of the Investors and any
transferee of any of them to whom Registrable Securities have been transferred
in accordance with Section 9.5, other than a transferee to whom Registrable
Securities have been transferred pursuant to a Registration Statement under the
Securities Act or Rule 144 or Regulation S under the Securities Act (or any
successor rule thereto).
"Exchange Act" means the United States Securities Exchange Act
of 1934, as amended, and the rules and regulations of the Commission thereunder.
"Existing Registration Rights Agreement" means the
Registration Rights Agreement dated February 23, 2001 among Blackstone Capital
Company II, L.L.C., Heartland Industrial Partners, L.P. and the other named
Heartland Entities, Wasserstein/C&A Holdings, L.L.C. and the Company, as
amended, modified or supplemented in accordance with its terms to the extent any
such amendment, modification or supplement does not affect the rights or
priorities of the Investors hereunder in an adverse manner.
"Holder's Counsel" has the meaning set forth in Section
6.1(a).
"Incidental Registration" has the meaning set forth in Section
4.1.
<PAGE>
-3-
"Indemnified Party" has the meaning set forth in Section 7.3.
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