Document:

Exhibit 4(b)

 

	
 
  	
December 14, 2010
  

 

Deutsche Bank Trust Company Americas,

as Trustee Under the Indenture

Trust and Securities Services

60 Wall Street, 27th Floor

MS:  NYC60-2710

New York, New York  10005

 

Officers’ Certificate

 

Ladies and Gentlemen:

 

Pursuant to Sections 2.01(b), 2.01(c), 3.01 and 17.05 of the Indenture dated as of June 19, 2008, as supplemented (the “Indenture”), between Constellation Energy Group, Inc. (the “Company”) and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), and by authority established under the resolutions, dated December 1, 2010, adopted by the Executive Committee of the Board of Directors of the Company, attached hereto as Exhibit A, the undersigned officers of the Company do hereby certify that:

 

1.               The title of the Securities is 5.15% Notes due December 1, 2020 (the “Notes”).  The CUSIP number for the Notes is set forth in the Note specimen attached hereto as Exhibit B.

 

2.               The Notes will be initially authenticated and delivered under the Indenture in the amount of $550,000,000.  Additional Notes, without limitation as to amount, having the same terms and conditions as the Outstanding Notes (except for the issue date, issue price and, if applicable, the first payment of interest) may also be issued by the Company pursuant to the Indenture without the consent of the existing holders of the Notes.  Any such additional Notes as may be issued pursuant to the Indenture from time to time shall be part of the same series as the then-Outstanding Notes.

 

3.               The maturity of the Notes is December 1, 2020.

 

4.               The Notes shall bear interest at a fixed rate of 5.15%.  The date from which interest shall accrue, the interest payment dates, the record date for interest payable, and the other terms of payment of interest on the Notes are set forth in the Note specimen attached hereto as Exhibit B.

 

5.               The optional redemption provisions applicable to the Notes are set forth in the Note specimen attached hereto as Exhibit B.

 

6.               There is no obligation of the Company to redeem or purchase the Notes pursuant to any sinking fund or analogous provision.

 

 

7.               The denomination in which the Notes shall be issuable is $1,000, or integral multiples thereof.

 

8.               The Notes will be initially issued in global form to Cede & Co., the nominee of The Depository Trust Company, as Depositary.

 

9.               All other terms of the Notes are set forth in the Note specimen attached hereto as Exhibit B.

 

10.         We have read the Indenture, including the provisions of Sections 2.01(b), 2.01(c) and 17.05, and examined such other documents relating to the issuance and sale of the Notes by the Company as we deemed necessary to enable us to make the statement that in our opinion, as of the date hereof, the Company has complied with all conditions precedent to the authentication and delivery of the Notes as provided for in the Indenture, which authentication will be effectuated pursuant to the Company’s written order and instructions.

 

11.         We certify that the following persons are now duly elected and qualified officers of the Company holding the offices indicated next to their respective names below, and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the Company the Notes, any certificate or other document to be delivered by the Company pursuant to the Indenture and to instruct the Trustee to authenticate and deliver the Notes:

 

	
Name
  	
 
  	
Office
  	
 
  	
Signature
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
Jonathan W. Thayer
  	
 
  	
Senior Vice President and Chief Financial Officer
  	
 
  	
/s/ Jonathan W. Thayer
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
Reese K. Feuerman
  	
 
  	
Vice President, Finance and Treasurer
  	
 
  	
/s/ Reese K. Feuerman
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
Jennifer E. Lowry
  	
 
  	
Assistant Treasurer
  	
 
  	
/s/ Jennifer E. Lowry
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  	
 
  	
 
  
	
Sean J. Klein
  	
 
  	
Assistant Secretary
  	
 
  	
/s/ Sean J. Klein
  

 

2

 

We hereby request that the Trustee authenticate and deliver the Notes to Cede & Co.

 

All capitalized terms not defined herein, which are defined in the Indenture or the Note specimen attached hereto as Exhibit B shall have the meanings assigned to them therein.

 

IN WITNESS WHEREOF, the undersigned have hereunto executed this Officers’ Certificate as of the date above written.

 

 

	
 
  	
/s/ Jonathan W. Thayer
  
	
 
  	
Name:
  	
Jonathan W. Thayer
  
	
 
  	
Title:
  	
Senior Vice President and Chief Financial Officer
  
	
 
  	
 
  	
 
  
	
 
  	
 
  
	
 
  	
/s/ Reese K. Feuerman
  
	
 
  	
Name:
  	
Reese K. Feuerman
  
	
 
  	
Title:
  	
Vice President, Finance and Treasurer
  

 

I, the undersigned, Sean J. Klein, Assistant Secretary of Constellation Energy Group, Inc., do hereby certify that Jonathan W. Thayer is the duly elected, qualified and acting Senior Vice President and Chief Financial Officer and that Reese K. Feuerman is the duly elected, qualified and acting Vice President, Finance and Treasurer of Constellation Energy Group, Inc., and that their respective signatures on the foregoing Officers’ Certificate are their genuine signatures.

 

IN WITNESS WHEREOF, I have hereunto signed my name.

 

	
 
  	
 
  
	
 
  	
/s/ Sean J. Klein
  
	
 
  	
Sean J. Klein
  
	
 
  	
Assistant Secretary
  

 

3

 

Exhibit B

 

This Note is registered in the name of The Depository Trust Company (the “Depositary”) (55 Water Street, New York, New York) or its nominee, and this Note may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary unless and until this Note is exchanged in whole or in part for Notes in definitive form. Unless this certificate is presented by an authorized representative of the Depositary to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of the Depositary and any payment is made to Cede & Co., or such other name ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co. has an interest herein.

 

	
No. R-
  	
 
  	
$
  

 

CUSIP: 210371 AL4

 

CONSTELLATION ENERGY GROUP, INC.

 

5.15% Note due December 1, 2020

 

	
PRINCIPAL AMOUNT:  $
  	
 
  
	
 
  	
 
  
	
INTEREST RATE:  5.15% per annum
  	
 
  
	
 
  	
 
  
	
STATED MATURITY:  December 1, 2020
  	
 
  
	
 
  	
 
  
	
ORIGINAL ISSUE DATE:  December 14, 2010
  	
 
  
	
 
  	
 
  
	
ISSUE PRICE:  99.940%
  	
 
  

 

Constellation Energy Group, Inc., a Maryland corporation (herein called the “Company”, which term includes any successor corporation under the Indenture, as hereinafter defined), for value received, promises to pay to Cede & Co. or its registered assigns, the principal sum of $                       (                                         DOLLARS) on the Stated Maturity shown above and to pay interest on said principal sum from December, at the fixed rate per annum shown above, semi-annually on June 1 and December 1 (the “Interest Payment Dates”) of each year beginning June 1, 2011 until the Stated Maturity or upon redemption of this Note.  Each payment of interest payable on each Interest Payment Date and at Stated Maturity or, if applicable, upon redemption shall include interest to, but excluding the relevant Interest Payment Date and the date of Stated Maturity or redemption, respectively. Said interest shall be computed on the basis of a 360-day year of twelve 30-day months. In the event this Note is issued between a Record Date (which shall be the close of business on the fifteenth calendar day next preceding such Interest Payment Date (whether or not a Business Day), provided that if the Notes are held by a securities depository in book-entry form, the Record Date will be the close of business on the

 

 

Business Day immediately preceding such Interest Payment Date) and an Interest Payment Date or on an Interest Payment Date, the first day that interest shall be payable will be on the Interest Payment Date following the next succeeding Record Date.  In the event of a Default in the payment of interest, interest will be payable as provided in that certain Indenture dated as of June 19, 2008 (the “Indenture”), between the Company and Deutsche Bank Trust Company Americas, a corporation duly organized and existing under the laws of the State of New York, as Trustee (herein called the “Trustee,” which term includes any successor Trustee under the Indenture).

 

At any time prior to September 1, 2020 (three months prior to the Stated Maturity of the Notes), the Company may redeem some or all of the Notes, upon at least 30 days’ and not more than 60 days’ notice, at its option, at a redemption price equal to the greater of:

 

·              100% of the principal amount of the Notes then Outstanding to be redeemed; and

 

·              the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (exclusive of interest accrued to the redemption date) being redeemed, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points;

 

plus, in each case, accrued and unpaid interest on the principal amount being redeemed to the redemption date.

 

At any time on or after September 1, 2020, the Company may redeem some or all of the Notes, upon at least 30 days’ and not more than 60 days’ notice, at its option, at a redemption price equal to 100% of the principal amount of the Notes then Outstanding to be redeemed plus accrued and unpaid interest on the principal amount being redeemed to the redemption date.

 

If at the time a redemption notice is given, the redemption moneys are not on deposit with the Trustee, then the redemption shall be subject to their receipt on or before the redemption date and such notice shall be of no effect unless such moneys are so received.

 

As used in this Note:

 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes being redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes.

 

“Comparable Treasury Price” means, with respect to any redemption date, the average of the Reference Treasury Dealer Quotations for such redemption date.

 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company.

 

“Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC or UBS Securities LLC and one other primary

 

2

 

 

 

U.S. Government securities dealer in the United States of America (each, a “Primary Treasury Dealer”) selected by the Company, and their respective successors; provided, however, that if any of the foregoing or their affiliates shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company at 3:30 p.m. New York City time on the third Business Day preceding such redemption date.

 

“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to actual or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

 

Pursuant to the provisions of the Indenture, the Company will maintain an agency at Deutsche Bank Trust Company Americas in The City of New York, New York (the “Bank”), or at such other agencies as may from time to time be designated, where the Notes may be presented for payment, for registration of transfer and exchange, and where notices or demands to, or upon, the Company may be served.

 

The interest so payable on any Interest Payment Date will, subject to certain exceptions provided in the Indenture, be paid to the person in whose name this Note is registered at the close of business on the Record Date for such Interest Payment Date; provided, however, that interest payable at Stated Maturity or, if applicable, upon redemption, shall be payable to the person to whom principal shall be payable. Payment of the principal of and interest on this Note will be made at the Bank in U.S. dollars; provided, however, that payments of interest (other than any interest payable at Stated Maturity or upon redemption) may be made at the option of the Company (i) by checks mailed to the addresses of the persons entitled thereto as such addresses shall appear in the Register of the Notes or (ii) by wire transfer to persons who are holders of record at such other addresses that have been filed with the Bank on or prior to the Record Date.

 

Payment of the principal, premium, if any, and interest payable at Stated Maturity, or, if applicable, upon redemption, on this Note will be made in immediately available funds at the request of the holder provided that this Note is presented to the Bank in time for the Bank to make such payments in such funds in accordance with its normal procedures.

 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth at this place.

 

Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee or a duly designated authentication agent by manual signature, this Note shall not be entitled to any benefit under said Indenture, or be valid or obligatory for any purpose.

 

3

 

IN WITNESS WHEREOF, Constellation Energy Group, Inc. has caused this instrument to be executed in its corporate name with the manual or facsimile signature of its President or a Vice President and a facsimile of its corporate seal to be imprinted hereon, attested by the manual or facsimile signature of its Secretary or an Assistant Secretary.

 

 

	
 
  	
CONSTELLATION ENERGY GROUP, INC.
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  
	
 
  	
By:
  	
 
  
	
 
  	
 
  	
Name:
  
	
 
  	
 
  	
Title:
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  
	
 
  	
ATTEST:
  
	
 
  	
 
  
	
 
  	
 
  
	
 
  	
By:
  	
 
  
	
 
  	
 
  	
Name:  
  
	
 
  	
 
  	
Title:  
  

 

 

CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated herein issued under the Indenture described herein.

 

 

	
 
  	
DEUTSCHE BANK TRUST COMPANY
 AMERICAS,
   as Trustee under the Indenture
 By:  Deutsche Bank National Trust Company
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  
	
 
  	
By:
  	
 
  
	
 
  	
 
  	
Name:
  
	
 
  	
 
  	
Title:
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  
	
 
  	
By:
  	
 
  
	
 
  	
 
  	
Name:
  
	
 
  	
 
  	
Title:
  
	
Dated:
  	
 
  	
 
  

 

4

 

(REVERSE)

 

CONSTELLATION ENERGY GROUP, INC.

 

5.15% NOTE DUE DECEMBER 1, 2020

 

This Note is one of a duly authorized issue of debt securities (the “Securities”) of the Company, of a series designated as its 5.15% Notes due December 1, 2020 (herein called the “Notes”), issued and to be issued under the Indenture, to which Indenture and all relevant indentures supplemental thereto reference is hereby made for a statement of the respective rights, obligations, duties and immunities thereunder of the Company, the Trustee, the Bank and the Securityholders and the terms upon which the Notes are, and are to be, authenticated and delivered. The Securities, of which the Notes constitute a series, may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest at different rates, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided. All capitalized terms not otherwise defined herein shall have the definitions assigned to them in the Indenture.

 

The Company is not required to repurchase Notes from holders prior to Stated Maturity.

 

In the event of redemption of this Note in part only, a new Note or Notes of this series, having the same Stated Maturity, optional redemption provisions, Interest Rate and other terms and provisions of this Note, in authorized denominations in an aggregate principal amount equal to the unredeemed portion hereof will be issued in the name of the holder hereof upon the surrender hereof.

 

The Notes will not be subject to conversion, amortization or any sinking fund.

 

As provided in the Indenture and subject to certain limitations herein and therein set forth, the transfer of this Note may be registered on the Register of the Notes, upon surrender of this Note for registration of transfer at the Bank, or at such other agencies as may be designated pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee or the Bank duly executed by, the holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

 

The Notes are issuable only as registered Notes without coupons in denominations of $1,000 or any amount in excess thereof that is an integral multiple of $1,000. As provided in the Indenture, and subject to certain limitations herein and therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes of other authorized denominations having the same interest rate, Stated Maturity, optional redemption provisions, if any, and Original Issue Date, as requested by the Securityholder surrendering the same.

 

No service charge will be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

 

5

 

The Company, the Trustee, the Bank, the Security registrar and any agent of the Company, the Trustee, the Bank, or the Security registrar may treat the Securityholder in whose name this Note is registered as the absolute owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note is overdue, and neither the Company, the Trustee, the Bank, the Security registrar nor any such agent shall be affected by notice to the contrary.

 

If an Event of Default (as defined in the Indenture) with respect to the Notes shall occur and be continuing, the principal of all the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the holders of the Securities of any series under the Indenture at any time by the Company with the consent of the holders of not less than 66 2/3% in aggregate principal amount of the Securities at the time Outstanding to be affected (voting as one class). The Indenture also permits the Company and the Trustee to enter into supplemental indentures without the consent of the holders of Securities of any series for certain purposes specified in the Indenture, including the making of such other provisions in regard to matters arising under the Indenture which shall not adversely affect the interest of the holders of such Securities. The Indenture also contains provisions permitting the holders of specified percentages in aggregate principal amount of the Securities of any series at the time Outstanding, on behalf of the holders of all the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past Defaults under the Indenture and their consequences. Any such consent or waiver by the holder of this Note shall be conclusive and binding upon such holder and upon all future holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note.

 

The Indenture provides that no holder of any Security of any series may enforce any remedy with respect to such series under the Indenture except in the case of refusal or neglect of the Trustee to act after notice of a continuing Event of Default and after written request by the holders of not less than 25% in aggregate principal amount of the Outstanding Securities of such series and the offer to the Trustee of reasonable indemnity; provided, however, that such provision shall not prevent the holder hereof from enforcing payment of the principal of or interest on this Note.

 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed.

 

No recourse shall be had for the payment of the principal of or the interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement

 

6

 

of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. This Note shall be governed by and construed in accordance with the laws of the State of New York.

 

7

 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:

 

	
Assignee’s Social Security or Tax I.D. Number:
  	
 
  

 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

 

	
 
  
	
 
  
	
 
  

 

(Print or Type Assignee’s Name, Address and Zip Code)

 

the within Note of the Company and hereby does irrevocably constitute and appoint

 

	
 
  
	
 
  
	
 
  

 

Attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises.

 

 

	
Signature of Assignor
  
	
(Sign exactly as name appears on the face of the Note)
  
	
 
  
	
Dated:
  	
 
  	
 
  

 

8

 

SIGNATURE GUARANTEE

 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 

9Exhibit 10.1

 

EXECUTION VERSION

 

FIRST AMENDMENT dated as of December 13, 2010 (this “Amendment”) to the Loan Agreement dated as of December 31, 2009 (the “Credit Agreement”), among SUPERMEDIA INC. (formerly known as IDEARC INC.) (the “Borrower”), the lenders from time to time party thereto (the “Lenders”) and JPMORGAN CHASE BANK, N.A., as collateral agent and administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

 

WHEREAS, the Borrower, the Administrative Agent and the Required Lenders have agreed, on the terms and subject to the conditions set forth herein, to amend the Credit Agreement in the manner set forth herein.

 

NOW, THEREFORE, in consideration of the above premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

SECTION 1.  Defined Terms.  Each capitalized term used and not defined herein shall have the meaning assigned to it in the Credit Agreement.

 

SECTION 2.  Amendments to Section 1.01.  (a)  Section 1.01 of the Credit Agreement is hereby amended by deleting the following defined terms, which shall no longer constitute a part of Section 1.01 of the Credit Agreement:  (i) “Trigger Date” and (ii) “Minimum Prepayment Amount”.

 

(b)  The definition of “Permitted Acquisition” contained in Section 1.01 of the Credit Agreement is hereby amended by deleting clause (d) in its entirety and replacing it with the following language: “(d) the aggregate consideration for all Permitted Acquisitions made after the Closing Date (excluding (x) consideration in the form of common Equity Interests of the Borrower, (y) cash proceeds from the issuance or sale of common Equity Interests of the Borrower used to pay the purchase price for such acquisition within 90 days after receipt thereof and (z) Indebtedness incurred pursuant to Section 6.01(a)(vi) as part of such consideration) shall not exceed an amount equal to the sum of (i) $50,000,000, plus (ii) Available Retained Cash, minus (iii) any amounts expended to make Voluntary Prepayments,”.

 

SECTION 3.  Amendment to Section 2.15.  Sections 2.15(a) and (b) of the Credit Agreement are hereby replaced with the following:

 

“(a)  The Borrower may elect to notify the Administrative Agent and the Lenders that it may wish to make below par voluntary prepayments of the Loans (each such payment a “Voluntary Prepayment”) pursuant to the procedures set forth in this Section 2.15; provided that no Voluntary Prepayment shall be made after the date that is 90 days after the First Amendment Effective Date (as defined in the First Amendment to this Agreement).  At the time of any Voluntary Prepayment, (i) the Borrower shall certify, with reasonable supporting detail (as determined by the Administrative Agent), that no Event of Default pursuant to Section 6.13 could reasonably be expected to occur during the succeeding four calendar quarters if such Voluntary Prepayment is not made and (ii) such Voluntary Prepayment shall have been approved by at least 66 2/3% of the Borrower’s Board of Directors.  In addition, immediately prior to and after giving effect to any Voluntary Prepayment, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Loan Parties shall have Unrestricted Cash of at least $150,000,000.

 

 

(b)  In connection with any Voluntary Prepayment, the Borrower shall notify the Lenders (the “Prepayment Notice”) that the Borrower desires to prepay Loans with cash proceeds in an aggregate amount (each, a “Prepayment Amount”) specified by the Borrower (which amount shall be not less than $10,000,000, or, in the case of the first Prepayment Notice delivered hereunder, $25,000,000) at a price within a range (the “Range”) to be specified by the Borrower equal to a percentage of par (not to exceed 100%) (the “Payment Percentage”) of the principal amount of the Loans to be prepaid.  No proposed Voluntary Prepayment shall be made if the aggregate cash amount paid by the Borrower for all Voluntary Prepayments undertaken by the Borrower pursuant to this Section 2.15 would, immediately after giving effect to a proposed Voluntary Prepayment, exceed $185,000,000 less cash paid (and, (x) for the avoidance of doubt, without regard to any other form of consideration paid or assumed, and (y) excluding from the phrase “cash paid” as used herein, any cash proceeds of common Equity Issuances of the Borrower which are used to effect Permitted Acquisitions or the incurrence of Indebtedness permitted by Section 6.01(a)(vi)) for Permitted Acquisitions since the Closing Date (excluding the first $50,000,000 of such cash paid).”

 

SECTION 4.  Representations and Warranties.  The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that as of the First Amendment Effective Date and after giving effect hereto:

 

(a)  This Amendment has been duly authorized, executed and delivered by the Borrower, and each of this Amendment and the Credit Agreement (as amended hereby) constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

(b)  No Default or Event of Default has occurred and is continuing.

 

(c)  All representations and warranties of each Loan Party contained in the Loan Documents (as amended hereby) are true and correct in all material respects on and as of the First Amendment Effective Date (except with respect to representations and warranties expressly made only as of an earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date).

 

SECTION 5.  Effectiveness.  The amendments contemplated hereby shall become effective as of the first date (the “First Amendment Effective Date”) on which:

 

(a)  The Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of the Borrower and the Required Lenders.

 

(b)  The Administrative Agent shall have received payment of all reasonable fees and out-of-pocket expenses, to the extent invoiced, to be paid or reimbursed to it by the Borrower pursuant to the Credit Agreement, including those referred to in Section 7 hereof.

 

The Administrative Agent shall notify the Borrower and the Lenders of the First Amendment Effective Date and such notice shall be conclusive and binding.

 

2

 

SECTION 6.  Effect of Amendment.  (a)  This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein.  This Amendment shall constitute a Loan Document.

 

(b)  On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement (as amended hereby).

 

SECTION 7.  Expenses.  The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of outside counsel for the Administrative Agent.

 

SECTION 8.  Governing Law; Counterparts.  (a)  This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

 

(b)  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, and all such counterparts together shall constitute one and the same instrument. Delivery of any executed counterpart of a signature page to this Amendment by email or facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof.

 

SECTION 9.  Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above written.

 

	
 
  	
SUPERMEDIA INC.
  
	
 
  	
 
  
	
 
  	
 
  	
By
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
Name:
  
	
 
  	
 
  	
Title:
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
 
  
	
 
  	
JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent and a Lender 
  
	
 
  	
 
  
	
 
  	
 
  	
By
  
	
 
  	
 
  	
 
  
	
 
  	
 
  	
Name:
  
	
 
  	
 
  	
Title:
  
				

 

 

Lender Signature page to
 the First Amendment
 to the Supermedia Inc.
 Credit Agreement

 

	
To approve the First Amendment:

 

Name of Lender:
  
	
 
  
	
 
  	
 
  
	
 
  
	
By
  
	
 
  	
 
  	
 
  
	
 
  	
Name:
  
	
 
  	
Title:
  
				

 

 

	
For any Lender requiring a second signature line:
  
	
 
  
	
By
  
	
 
  	
 
  	
 
  
	
 
  	
Name:
  
	
 
  	
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]