Document:

ex_229868.htm

Exhibit 4.3

THE NEW HOME COMPANY INC. 

 

February 24, 2021

 

OFFICERS’ CERTIFICATE

 

Reference is made to the Indenture, dated as of October 28, 2020 (the “Indenture”), by and among The New Home Company Inc., a Delaware corporation (the “Company”), each of the guarantors from time to time party thereto and U.S. Bank National Association, as trustee (the “Trustee”) relating to the Company’s 7.250% Senior Notes due 2025. Capitalized terms used herein and not otherwise defined herein have the meanings given to them in the Indenture.

 

This Officers’ Certificate is being executed and delivered to the Trustee pursuant to Section 2.13 of the Indenture in connection with the issuance, execution, authentication and delivery on the date hereof of Additional Securities under the Indenture, which Additional Securities include the following features:

 

	 	
			1.

				
			The aggregate principal amount to be authenticated and delivered pursuant to the Indenture is $35,000,000.

			

 

	 	
			2.

				
			The Company is relying on Section 4.03(a)(ii) of the Indenture to issue such Additional Securities.

			

 

	 	
			3.

				
			The issue price to the public is 103.250%, plus accrued interest from, and including, October 28, 2020.

			

 

	 	
			4.

				
			The issue date is February 24, 2021.

			

 

	 	
			5.

				
			The first interest payment date is April 15, 2021.

			

 

	 	
			6.

				
			The CUSIP numbers are:

			

 

	 	
			A.

				
			Rule 144A: 645370AC1

			

 

	 	
			B.

				
			Reg S: U64307AD0 (temporary) / U64307AC2 (permanent)

			

 

	 	
			C.

				
			IAI: 645370AD9

			

 

	 	
			7.

				
			The ISIN numbers are:

			

 

	 	
			A.

				
			Rule 144A: US645370AC18

			

 

	 	
			B.

				
			Reg S: USU64307AD04 (temporary) / USU64307AC21 (permanent)

			

 

	 	
			C.

				
			IAI: US645370AD90

			

 

 

 

The undersigned, John M. Stephens, does certify that he is the duly elected and acting Chief Financial Officer of the Company, and the undersigned, Miek Harbur, does hereby certify that she is the duly elected and acting SVP, General Counsel & Secretary of the Company. Pursuant to Sections 2.02, 2.13, 4.03, 11.04 and 11.05 of the Indenture, each of the undersigned hereby certifies, solely in his or her capacity as an officer of the Company, as follows:

 

	 	
			1.

				
			This Officer’s Certificate is being furnished in connection with the issuance, execution, authentication and delivery on the date hereof of $35,000,000 aggregate principal amount of the Additional Securities.

			

 

	 	
			2.

				
			The undersigned has read Section 2.13 of the Indenture, which permits the Company to issue Additional Securities under the Indenture, Section 4.03 of the Indenture, which restricts the ability of the Company or any Restricted Subsidiary to incur any Indebtedness, and all of the conditions precedent to the issuance, execution, authentication and delivery of the Additional Securities on the date hereof contained in the Indenture and the covenants provided for in the Indenture (and, in each case, the definitions relating thereto contained therein).

			

 

	 	
			3.

				
			The undersigned has examined such documents and records as he or she has deemed necessary or appropriate as a basis for the opinion expressed below in paragraph 5.

			

 

	 	
			4.

				
			The undersigned is of the opinion that he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not the conditions precedent to the issuance of the Additional Securities on the date hereof contained in the Indenture and the covenants provided for in the Indenture (and, in each case, the definitions relating thereto contained therein) have been complied with.

			

 

 

 

 

	 	
			5.

				
			Based on the foregoing, the undersigned is of the opinion that the Company has complied with all the conditions precedent to the issuance, execution, authentication and delivery of the Additional Securities on the date hereof contained in the Indenture and the covenants provided for in the Indenture (and, in each case, the definitions relating thereto contained therein).

			

 

	 	
			6.

				
			Attached hereto as Exhibit A are true, correct and complete copies of resolutions adopted by the Board of Directors of the Company (the “Board”) and the Pricing Committee of the Board authorizing the issuance of the Additional Securities under the Indenture.

			

 

 

 

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IN WITNESS WHEREOF, each of the undersigned has hereunto signed his or her respective name as of the day first written above.

 

 

 

	 
	
			By:

				
			/s/ John M. Stephens

			
	 	
			Name:  John M. Stephens 

			
	 	
			Title:    Chief Financial Officer

			

 

 

 

	 
	
			By:

				
			/s/ Miek Harbur

			
	 	
			Name:  Miek Harbur

			
	 	
			Title:    SVP, General Counsel & SecretaryDocument

Exhibit 4.7

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

The following description of the common stock of Tutor Perini Corporation (“we,” “us” and “our”) is not complete and is qualified in its entirety by reference to our Amended and Restated Articles of Organization (“Articles of Organization”) and our Third Amended and Restated By-Laws (“By-Laws”) each of which is incorporated by reference as an exhibit to this Annual Report on Form 10-K. The terms of our common stock are also subject to and qualified by certain provisions of the Massachusetts General Laws.

Authorized Capital Stock

Our authorized capital stock consists of 112,500,000 shares of common stock, $1.00 par value per share, and 1,000,000 shares of preferred stock, $1.00 par value per share.

Common Stock

Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of our shareholders and do not have cumulative voting rights.

If a quorum of a voting group exists at a meeting of shareholders, favorable action on a matter, other than the election of a member of our board of directors, is taken by a voting group if the votes cast within the group favoring the action exceed the votes cast opposing the action, unless a greater number of affirmative votes is required by law, our Articles of Organization, our By-Laws or, to the extent authorized by law, a resolution of our board of directors. If a quorum of a voting group exists at a meeting of shareholders, directors shall be elected by a plurality of the votes cast by the shares entitled to vote in the election. 

Holders of our common stock are entitled to receive any dividends as may be declared by our board of directors out of funds legally available therefor, subject to any preferential dividend rights of outstanding preferred stock.

In the event of our liquidation, dissolution or winding up, the holders of our common stock are entitled to receive ratably our assets remaining available after the payment of all debts and other liabilities and subject to the prior rights of any outstanding preferred stock. Holders of our common stock have no preemptive, subscription, redemption or conversion rights. The rights, preferences and privileges of holders of our common stock are subject to and may be adversely affected by the rights of the holders of shares of any series of preferred stock that our board of directors may establish, designate and issue in the future. 

Certain Effects of Authorized but Unissued Stock

We have shares of common stock and preferred stock available for future issuance without shareholder approval. We may utilize these additional shares for a variety of corporate purposes, including future public offerings to raise additional capital or facilitate corporate acquisitions or for payment as a dividend on the capital stock. The existence of unissued and unreserved common stock and preferred stock may enable our board of directors to issue shares to persons friendly to current management or to issue preferred stock with terms that could render more difficult or discourage a third-party attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise, thereby protecting the continuity of our management. In addition, if we issue preferred stock, the issuance could adversely affect the voting power of holders of our common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation.

Amended Shareholders Agreement

Effective September 8, 2008 upon completion of the merger with Tutor-Saliba Corporation (“Tutor-Saliba”), we entered into a shareholders agreement (as subsequently amended, the “Amended Shareholders Agreement”) pursuant to which Ronald N. Tutor (as the representative of the former Tutor-Saliba shareholders) has the right to designate two nominees for election to the board of directors if Mr. Tutor and the three trusts he controls (the “Tutor 

Group”) own at least 22.5% of the outstanding shares of our common stock and one nominee if the Tutor Group owns less than 22.5% but at least 11.25% of the outstanding shares of our common stock.

Provisions of Our Articles of Organization, Our By-Laws and the Massachusetts General Laws That May Have Anti-Takeover Effects

Removal of Directors by Shareholders. Our By-Laws provide that members of our board of directors may be removed (a) with or without cause by vote of the holders of a majority of the voting power of the then outstanding shares of our capital stock entitled to vote generally in the election of directors, voting together as a single class or (b) for cause by a vote of a majority of our directors then in office.

Advance Notice Requirements for Shareholder Proposals and Director Nominations. Our By-Laws provide that nominations for election to our board of directors may be made either by our board of directors or by one of our shareholders who complies with specified notice provisions. Our By-Laws contain similar advance notice provisions for shareholder proposals for action at shareholder meetings.

Special Meeting of Shareholders. Our By-Laws impose restrictions and limitations on the ability of shareholders to call special meetings of shareholders. Requests for shareholder meetings must be made by shareholders holding at least 25% in interest of the capital stock entitled to vote at such meeting.

Action by Consent of Shareholders. Our By-Laws provide that any action to be taken by shareholders may be taken without a meeting if all shareholders entitled to vote on the matter consent to the action in writing.

Business Combinations with Interested Shareholders. The Massachusetts General Laws contain anti-takeover provisions regarding, among other things, business combinations with an affiliated shareholder. In general, the Massachusetts General Laws prevent a publicly held Massachusetts corporation from engaging in a business combination, as defined in the Massachusetts General Laws, with an interested shareholder for a period of three years after the date of the transaction in which the person became an interested shareholder, unless:

•before the date on which the person became an interested shareholder, the board of directors of the corporation approved either the business combination or the transaction in which the person became an interested shareholder;
•the interested shareholder acquired at least 90% of the outstanding voting stock of the corporation at the time it became an interested shareholder; or
•the business combination is approved by the board of directors and the holders of at least two-thirds of the outstanding voting stock of the corporation voting at a meeting, excluding the voting stock owned by the interested shareholder.

An interested shareholder is generally a person owning 5% or more of the outstanding voting stock of the corporation. A business combination includes mergers, consolidations, stock and asset sales and other transactions with the interested shareholder that result in a financial benefit to the interested shareholder. 

Control Share Acquisitions. We have elected to opt out of the control share acquisitions provisions of the Massachusetts General Laws. We could, however, opt into the control share acquisitions provisions at any time by amending our By-Laws.

In general, the control share acquisitions provisions of the Massachusetts General Laws provide that any person, including his, her or its affiliates, who acquires shares of a corporation that are subject to the control share acquisitions statute and whose shares represent one-fifth or more of the voting power of the corporation in the election of directors cannot exercise any voting power with respect to those shares, or any shares acquired by the person within 90 days before or after an acquisition of this nature, unless these voting rights are authorized by the shareholders of the corporation.

The authorization of voting rights requires the affirmative vote of the holders of a majority of the outstanding voting shares, excluding shares owned by:

•the person making an acquisition of this nature;
•any officer of the corporation; and
•any employee who is also a director of the corporation.

There are several other types of share acquisitions that are not subject to these provisions of the Massachusetts General Laws, including acquisitions of shares under a tender offer, merger or consolidation that is made in connection with an agreement to which the corporation is a party and acquisitions of shares directly from the corporation or a wholly owned subsidiary of the corporation.

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