Document:

Exhibit 4.28H

 

ASSUMPTION
AGREEMENT

ASSUMPTION AGREEMENT, dated as of August 18, 2006,
made by CLEAN HARBORS EL DORADO, LLC, a Delaware limited liability company, and
CLEAN HARBORS WILMINGTON, LLC, a Delaware limited liability company, (each an “Additional US Borrower”) in favor of
CREDIT SUISSE, as Collateral Agent and LC Facility Administrative Agent (in
such capacity, the “LC Facility Administrative Agent”) for the benefit
of the Secured Creditors (as defined in the Security Agreement (as defined below).  All capitalized terms not defined herein
shall have the meanings given to them in such Security Agreement.

W  I  T  N  E
S  S  E  T  H:

WHEREAS, Clean Harbors, Inc., a Massachusetts
corporation (the “Company”),
the other Assignors, the LC Facility Administrative Agent, Bank of America,
N.A. (“BANA”), as Revolving
Administrative Agent, Banc of America Securities LLC, as sole arranger under
the Revolving Facility, BANA, as syndication agent under the LC Facility,
Credit Suisse, as sole bookrunner under the LC Facility, and Credit Suisse and
BAS, as joint lead arrangers under the LC Facility, have entered into an
Amended and Restated Loan and Security Agreement, dated as of June 30, 2004,
amended as of July 20, 2005 and amended and restated as of December 1, 2005 (as
the same may be further amended, restated, modified and/or supplemented from
time to time, the “Credit Agreement”);

WHEREAS, in connection with the Credit Agreement, the
Company, the other Assignors, the LC Facility Administrative Agent and U.S.
Bank National Association, as trustee for the Second Lien Note Creditors have
entered into the Amended and Restated Security Agreement, dated as of June 30,
2004 and amended and restated as of December 1, 2005 (as the same may be
further amended, restated, modified and/or supplemented from time to time, the “Security Agreement”);
in favor of the LC Facility Administrative Agent for the benefit of the Secured
Parties;

WHEREAS, simultaneously herewith, pursuant to the Credit
Agreement, the Company, each Additional US Borrower, the other US Credit
Parties (as defined in the Credit Agreement) and the LC Facility Administrative
Agent are entering into (a) a Term Loan Supplement whereby, pursuant to
Section 2.10 of the Credit Agreement, certain Term Loan Lenders are willing to
make Term Loans in an aggregate principal amount of $30.0 million to the US Borrowers,
which shall include each Additional US Borrower and (b) a Joinder
Agreement whereby, pursuant to Section 9.26 of the Credit Agreement, each
Additional US Borrower will become bound by all of the terms, covenants and
agreements contained in the Credit Agreement applicable to a US Credit Party;
and

WHEREAS, this Assumption Agreement is executed and
delivered pursuant to the Security Agreement;

NOW, THEREFORE, IT IS AGREED:

 1
 

 

 

1.             Security
Agreement.  In accordance with
Section 10.13 of the Security Agreement, by executing and delivering this Assumption
Agreement, each Additional US Borrower hereby becomes an Assignor under the
Security Agreement from and after the date hereof with the same force and
effect as if originally an “Assignor” under the Security Agreement.  Without limiting the generality of the
foregoing, each Additional US Borrower hereby expressly agrees to observe and
perform and be bound by all of the terms, covenants, representations,
warranties, and agreements contained in the Security Agreement which are
binding upon, and to be observed or performed by, a US Borrower, and which are
incorporated herein by reference as if fully set forth herein.

2.             Effect
on the Security Agreement.  On and
after the effectiveness of this Assumption Agreement, each reference in the
Security Agreement to the “Assignors,” or words to that effect shall mean and
be a reference to the Company, each of the assignors signatory to the Security
Agreement and each Additional US Borrower for all purposes of the Security Agreement.

3.             Grant
of Security Interests.  As security
for the prompt and complete payment and performance when due of all of its
Obligations, each Additional US Borrower hereby (A) subject to clause (e) of
Section 1.1 of the Security Agreement, confirms the pledge and grant to the
Collateral Agent for the benefit of the Bank Creditors pursuant to the Original
Security Agreement, and
in furtherance thereof, assigns and transfer unto the Collateral Agent for the
benefit of the Bank Creditors, and does hereby pledge and grant to the
Collateral Agent for the benefit of the Bank Creditors, a continuing security
interest in, all of the right, title and interest of such Additional US
Borrower in, to and under all of the following personal property and fixtures
(and all rights therein) of such Additional US Borrower, or in which or to
which such Additional US Borrower has any rights, in each case, whether now
existing or hereafter from time to time acquired, and (B) subject to clauses
(d) and (e) of Section 1.1 of the Security Agreement, separately confirms the
pledge and grant to the Collateral Agent for the benefit of the Senior Second
Lien Notes Creditors pursuant to the Original Security Agreement, and in furtherance thereof, assigns
and transfers unto the Collateral Agent for the benefit of the Senior Second
Lien Notes Creditors, and does hereby separately pledge and grant to the
Collateral Agent for the benefit of the Senior Second Lien Notes Creditors, a
separate continuing security interest in all of the right, title and interest
of such Additional US Borrower in, to and under all personal property and
fixtures (and all rights therein) of such Additional US Borrower, or in which
or to which such Additional US Borrower has any rights, in each case, whether
now existing or hereafter from time to time acquired, including without
limitation, the Collateral.

4.             Governing
Law.  THIS ASSUMPTION AGREEMENT AND
THE RIGHTS AND OBLIGATIONS OF THE ADDITIONAL US BORROWERS AND SECURED CREDITORS
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF
THE STATE OF NEW YORK.  EACH ADDITIONAL
US BORROWER AND EACH SECURED CREDITOR IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL
BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR ANY

 2
 

 

 

OTHER SECURITY DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY.

5              Security
Document.  This Assumption Agreement
shall constitute a Security Document.

 3
 

 

 

IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written.

	
   

  	
  CLEAN HARBORS EL DORADO, LLC

  
	
   

  	
  CLEAN HARBORS
  WILMINGTON, LLC,

  
	
   

  	
  as Additional US
  Borrowers

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Stephen Moynihan

  
	
   

  	
   

  	
  Name:

  	
  Stephen Moynihan

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Acknowledged:

  	
   

  
	
   

  	
   

  
	
  CREDIT SUISSE,
  Cayman Islands branch,

  	
   

  
	
  as Collateral
  Agent, as Assignee, and as

  	
   

  
	
  LC Facility
  Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/

  	
  Phillip Ho

  	
   

  	
   

  
	
  Name:

  	
  Phillip Ho

  	
   

  
	
  Title:  Director

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/

  	
  Karim Blasetti

  	
   

  	
   

  
	
  Name:

  	
  Karim Blasetti

  	
   

  	
   

  
	
  Title:  Associate

  	
   

  

 

 4Exhibit 4.32A

 

SUPPLEMENTAL INDENTURE

Supplemental
Indenture (this “Supplemental Indenture”), dated as of August 18, 2006, among
Clean Harbors, Inc., a Massachusetts corporation (the “Company”), Clean Harbors
El Dorado, LLC, a Delaware limited liability company formerly known as “Teris
L.L.C.” (“CH El Dorado”), Clean Harbors Wilmington, LLC, a Delaware limited
liability company (“CH Wilmington,” and together with CH El Dorado,  the “New Guarantors”), and U.S. Bank National
Association, as trustee (the “Trustee”) under the Indenture as defined below.
Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture.

WITNESSETH

WHEREAS, the
Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”),
dated as of June 30, 2004, providing for the issuance of an aggregate principal
amount of $150,000,000 of 111⁄4% Senior
Secured Notes due 2012 (the “Securities”), and substantially all of the Company’s
Domestic Restricted Subsidiaries have unconditionally guaranteed the Company’s
obligations under the Securities and the Indenture;

WHEREAS,
Sections 4.15 and 4.20(a) of the Indenture provide that under certain
circumstances the Company is required to cause any New Domestic Restricted
Subsidiary to execute and deliver to the Trustee a supplemental indenture
pursuant to which such New Domestic Restricted Subsidiary shall unconditionally
guarantee all of the Company’s obligations under the Securities and the
Indenture on the terms and conditions set forth herein; and

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute
and deliver this Supplemental Indenture without notice to or consent of any
Securityholder;

NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company, the
New Guarantors and the Trustee mutually agree for the benefit of the Holders of
the Securities as follows:

1.             Agreement to Guarantee.  The New Guarantors hereby agree that their
obligations to the Holders and the Trustee pursuant to this Supplemental
Indenture shall be as expressly set forth with respect to all Guarantors in
Article XI of the Indenture and in such other provisions of the Indenture as
are applicable to all Guarantors, and reference is made to the Indenture for
the precise terms of this Supplemental Indenture.  The terms of Article XI of the Indenture and
such other provisions of the Indenture as are applicable to all Guarantors are
incorporated herein by reference.

 

 

2.             Execution and Delivery of
Guarantee.

(a)           To
evidence its Guarantee set forth in this Supplemental Indenture, each New
Guarantor is, contemporaneously with its execution and delivery of this
Supplemental Indenture, executing and delivering to the Trustee a Guarantee
substantially in the form of Exhibit E to the Indenture.  The validity and enforceability of the
Guarantee set forth in this Supplemental Indenture and such Guarantee shall not
be affected by the fact that it is not affixed to any particular Security.

(b)           Each
of the New Guarantors hereby agrees that its Guarantee set forth in this
Supplemental Indenture and such Guarantee shall remain in full force and effect
notwithstanding any failure to endorse on each Security a notation of such
Guarantee.

(c)           If
an Officer of a New Guarantor whose signature is on this Supplemental Indenture
or such Guarantee no longer holds that office at the time the Trustee
authenticates any Security on which such Guarantee is endorsed or at any time
thereafter, such Guarantor’s Guarantee of such Security shall nevertheless be
valid.

(d)           The
delivery of any Security by the Trustee, after the authentication thereof under
the Indenture, shall constitute due delivery of the Guarantee set forth in this
Supplemental Indenture and such Guarantee on behalf of each New Guarantor.

3.             No Recourse Against Others.  No Affiliate, director, officer, employee,
limited liability company member or stockholder of the Company or any
Subsidiary, as such, shall have any liability for any obligations of the Issuer
under the Securities or any Guarantee or the Indenture or for any claim based
on, in respect of, or by reason of, such obligations or their creation.  Each Securityholder by accepting a Security
waives and releases all such liability. 
Such waiver and release are part of the consideration for the issuance
of the Securities.

4.             New York Law to Govern.  The internal law of the State of New York
shall govern and be used to construe this Supplemental Indenture and the
Guarantee.

5.             Counterparts.  The parties may sign any number of copies of
this Supplemental Indenture.  Each signed
copy shall be an original, but all of them together represent the same
agreement.

6.             Effect of Headings.  The Section headings herein are for
convenience only and shall not affect the construction hereof.

 2
  
 

 

 

SIGNATURES

IN WITNESS
WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed all as of the date first written above.

	
  

  	
  CLEAN HARBORS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen H. Moynihan 

  	
   

  
	
   

  	
   

  	
  Name:  Stephen
  H. Moynihan 

  
	
   

  	
   

  	
  Title:    Senior
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  CLEAN HARBORS EL DORADO, LLC

  (formerly known as “Teris L.L.C.”)

  CLEAN HARBORS
  WILMINGTON, LLC,

  each as a Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen H. Moynihan 

  	
   

  
	
   

  	
   

  	
  Name:  Stephen
  H. Moynihan 

  
	
   

  	
   

  	
  Title:    Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION,

  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ John A. Brennan

  	
   

  
	
   

  	
   

  	
  Name:  John A.
  Brennan

  
	
   

  	
   

  	
  Title:  Officer

  
					

 

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]