Document:

exv4w1

 

Exhibit 4.1

	 	 	 
	[GRAPHIC OMITTED]

	 	ENTERTAINMENT PROPERTIES TRUST
	 

	 	A REAL ESTATE INVESTMENT TRUST

			
	NUMBER
	 	SHARES

	 

	 	 

	 
		 	SEE REVERSE FOR IMPORTANT
	 

	 	NOTICE ON TRANSFER
	 

	 	RESTRICTIONS AND OTHER
	FORMED UNDER THE LAWS OF THE STATE OF MARYLAND

	 	INFORMATION
	 
	 	 
	THIS CERTIFICATE IS TRANSFERABLE IN NEW YORK, N.Y.
	 	 
	AND KANSAS CITY, MO.

	 	CUSIP 29380T501

THIS CERTIFIES THAT

is the owner of

FULLY PAID AND NONASSESSABLE 7.375% SERIES D CUMULATIVE REDEEMABLE PREFERRED

SHARES OF BENEFICIAL INTEREST OF

[GRAPHIC OMITTED]

ENTERTAINMENT PROPERTIES TRUST (THE “TRUST”), TRANSFERRABLE ON THE BOOKS OF THE
TRUST BY THE HOLDER HEREOF IN PERSON OR BY ITS DULY AUTHORIZED ATTORNEY UPON
SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED. THIS CERTIFICATE AND THE SHARES
REPRESENTED HEREBY ARE ISSUED AND SHALL BE HELD SUBJECT TO ALL OF THE PROVISIONS
OF THE DECLARATION OF TRUST AND BYLAWS OF THE TRUST AND ANY AMENDMENTS THERETO.
THIS CERTIFICATE IS NOT VALID UNLESS COUNTERSIGNED AND REGISTERED BY THE
TRANSFER AGENT AND REGISTRAR.

     IN WITNESS WHEREOF, THE TRUST HAS CAUSED THIS CERTIFICATE TO BE EXECUTED ON
ITS BEHALF BY ITS DULY AUTHORIZED OFFICERS.

	 	 	 	 	 	 	 
	     DATED

	 	 	 	/s/ Robert J. Druten
 

Robert J. Druten, Chairman of the
	 	 
	[CORPORATE SEAL]

	 	 	 	     Board of Trustees	 	 
	 
	 	 	 	 	 	 
	COUNTERSIGNED AND REGISTERED:

	 	 	 	/s/ David M. Brain
	 	 
	     UMB BANK, N.A.

	 	 	 	 

David M. Brain, President and Chief
	 	 
	          TRANSFER AGENT AND REGISTRAR
	 	 	 	     Executive Officer	 	 
	 
	 	 	 	 	 	 
	          AUTHORIZED SIGNATURE

	 	BY
	 	/s/ Gregory K. Silvers
 

Gregory K. Silvers, Secretary
	 	 

 

 

IMPORTANT NOTICE

     The Trust will furnish to any shareholder, on request and without charge, a
full statement of the information required by Section 8-203(d) of the
Corporations and Associations Article of the Annotated Code of Maryland with
respect to the designations and any preferences, conversion and other rights,
voting powers, restrictions, limitations as to dividends and other
distributions, qualifications, and terms and conditions of redemption of the
shares of each class of beneficial interest which the Trust has authority to
issue and, if the Trust is authorized to issue any preferred or special class in
series, (i) the differences in the relative rights and preferences between the
shares of each series to the extent set and (ii) the authority of the Board of
Trustees to set such rights and preferences of subsequent series. The foregoing
summary does not purport to be complete and is subject to and qualified in its
entirety by reference to the Declaration of Trust of the Trust, a copy of which
will be furnished without charge to each shareholder who so requests. Such
request must be made to the Secretary of the Trust at its principal office or to
the Transfer Agent and Registrar.

      The securities represented by this certificate are subject to restrictions
on ownership and transfer for the purpose of the Trust’s maintenance of its
status as a real estate investment trust under the Internal Revenue Code of
1986, as amended, and for other purposes. Except as otherwise provided pursuant
to the Declaration of Trust of the Trust, no person may own Shares in excess of
9.8% (or such greater percentage as may be determined by the Board of Trustees
of the Trust) of the number or value of the outstanding shares of beneficial
interest of the Trust. Any Person who attempts or proposes to own Shares in
excess of the above limitations must notify the Trust in writing at least 15
days prior to such proposed or attempted Transfer. All capitalized terms in this
legend have the meanings defined in the Declaration of Trust of the Trust, a
copy of which, including the restrictions on transfer, will be furnished without
charge to each shareholder who so requests. Such request must be made to the
Secretary of the Trust at its principal office or to the Transfer Agent and
Registrar. If the restrictions on transfer are violated, the securities
represented hereby which are in excess of the above limitations will be
designated and treated as Excess Shares which will be held in trust by the
Excess Share Trustee for the benefit of the Charitable Beneficiary.

      KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN OR DESTROYED,
THE TRUST WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A

REPLACEMENT CERTIFICATE.

      The following abbreviations, when used in the inscription on the face of
this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM — as tenants in common

TEN ENT — as tenants by the entireties

JT TEN  — as joint tenants with right of survivorship and not as tenants in common

	 	 	 	 	 	 	 	 	 
	 	 	UNIF GIFT MIN ACT —	 	Custodian
	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	(Cust)
	 	(Minor)	 	 
	 
	 
	 	 	 	under Uniform Gifts to Minors	 	 

	 	 	 	 	 	 	 
	 

	 	Act	 	 	 	 
	 

	 	 	 	 

(State)
	 	 

     Additional abbreviations may also be used though not in the above list.

     FOR VALUE RECEIVED,
                                        
 hereby sells, assigns and
transfers unto

	 	 	 	 	 
	 

	 	PLEASE INSERT SOCIAL SECURITY OR OTHER	 	 
	 

	 	IDENTIFYING NUMBER OF ASSIGNEE	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 

 

 

     (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE)

 

                                                                     
                                                                                                                             
                                   
                                                                                                                                                                  
                                                            shares

of beneficial interest of the Trust represented by this Certificate and does
hereby irrevocably constitute and appoint

 

attorney to transfer the said shares on the books of the Trust, with full power
of substitution in the premises.

	 	 	 	 	 
	Dated
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 	 	 
	 

	 	NOTICE:
	 	 

THE SIGNATURE TO THIS ASSIGNMENT MUST
	 	 
	 

	 	 	 	CORRESPOND WITH THE NAME AS WRITTEN UPON THE	 	 
	 

	 	 	 	FACE OF THE CERTIFICATE IN EVERY PARTICULAR,	 	 
	 

	 	 	 	WITHOUT ALTERATION OR ENLARGEMENT OR ANY	 	 
	 

	 	 	 	CHANGE WHATEVER.	 	 

Signature(s) Guaranteed:

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE	 	 
	GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS	 	 
	AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP	 	 
	IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),	 	 
	PURSUANT TO S.E.C. RULE 17Ad-15.exv10w47

 

Exhibit 10.47

EXECUTION COPY

THIRD AMENDMENT TO AMENDED AND RESTATED

LOAN AND SECURITY AGREEMENT

     THIRD AMENDMENT, dated as of March 31, 2007 (this “Amendment”), to the Amended and Restated
Loan and Security Agreement, dated as of January 24, 2006 (as amended, supplemented or otherwise
modified through the date hereof, including, without limitation, by this Amendment, the “Loan
Agreement”), among AMERICAN RAILCAR INDUSTRIES, INC., a Delaware corporation, as
successor-by-merger to American Railcar Industries, Inc., a Missouri corporation (the “Borrower”),
each of the financial institutions identified as a Lender on Schedule 1 thereto (together with each
of their respective direct or indirect successors and assigns, and collectively, the “Lenders”),
and NORTH FORK BUSINESS CAPITAL CORPORATION, a New York corporation (“NFBC”), as agent for the
Lenders (the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have
the meanings ascribed to such terms in the Loan Agreement.

W
I T N E S S E T H :

     WHEREAS, the Borrower, the Agent and the Lenders are parties to the Loan Agreement; and

     WHEREAS, the parties wish to amend the Loan Agreement to modify the applicability of certain
covenants thereunder.

     NOW, THEREFORE, the Borrower, the Lenders and the Agent agree as follows:

     SECTION 1. Amendments to the Loan Agreement. Effective as of the date hereof, the
Loan Agreement is amended as follows:

     (a)     The definition of “Excess Availability” in Section 1.1 is amended by replacing “such
Loans” with “the Loans”;

     (b)     Section 7.1(k)(iii) is amended by inserting “(other than under any Loans)” immediately
after “Indebtedness”;

     (c)     Section 8.2 is amended by inserting “(other than under any Loans)” immediately after
“incurred or assumed any Indebtedness”;

     (d)     Section 9.2(c)(A) is amended by (i) replacing the heading “Indebtedness” with
“Leverage Ratio” and (ii) inserting “(other than under any Loans)” immediately after
“Borrower’s Indebtedness”; and

     (e)     Exhibit D to the Loan Agreement is amended and restated in the form of Annex 1.

 

 

     SECTION 2. Conditions of Effectiveness. This Amendment shall become effective when,
and only when, the Agent shall have received (a) payment of the costs and expenses (including,
without limitation, reasonable attorneys’ fees) incurred by the Agent in connection with this
Amendment and (b) each of the following documents (collectively, the “Amendment Documents”), which
documents shall be in form and substance satisfactory to the Agent and dated as of the date hereof
or such other date as shall be acceptable to the Agent:

	 	 	     (i)     a counterpart of this Amendment, duly executed by the Borrower and each
Lender;
	 
	 	 	     (ii)     a certificate of the Secretary or an Assistant Secretary of the Borrower
certifying the incumbency, names and true signatures of the officers of the Borrower
authorized to sign this Amendment and the other Amendment Documents to which the
Borrower is a party; and
	 
	 	 	     (iii)     such other agreements, instruments, documents and evidence as the Agent
deems necessary in its reasonable discretion in connection with the transactions
contemplated hereby.

     Notwithstanding the foregoing conditions, this Amendment shall become effective and the
conditions set forth above shall be deemed to have been satisfied upon delivery to the Borrower by
the Agent of a copy of this Amendment, fully executed by the Agent and the Lenders.

     SECTION 3. Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows:

     (a)     The Borrower is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware and is duly qualified, authorized to do business and in good
standing in each jurisdiction in which it is presently engaged in business except to the extent
that the failure to so qualify or be in good standing could not reasonably be expected to have a
Material Adverse Effect.

     (b)     The execution, delivery and performance by the Borrower of this Amendment and the other
Amendment Documents (i) are within the Borrower’s corporate powers, have been duly authorized by
all necessary corporate action, (ii) do not contravene (A) any of the Borrower’s Governing
Documents, (B) any Requirement of Law or (C) any contract of the Borrower listed as an exhibit to
the Registration Statement or otherwise filed by the Borrower with the Securities and Exchange
Commission and (iii) will not result in the imposition of any Lien upon any of its properties
except in favor of the Agent.

     (c)     No consent, authorization or approval of, or filing with or other act by, any shareholders
of the Borrower, any Governmental Authority or any other Person is required in connection with the
execution, delivery, performance, validity or enforceability of this Amendment or any other
Amendment Document to which the Borrower is a party, the consummation of the transactions
contemplated hereby or thereby or the continuing operations of the Borrower following such
consummation.

- 2 -

 

     (d)     This Amendment, the other Amendment Documents to which the Borrower is a party and the
Loan Agreement as amended hereby constitute the legal, valid and binding obligations of the
Borrower enforceable against the Borrower in accordance with their respective terms, except as
enforceability may be limited by (i) bankruptcy, insolvency or similar laws affecting creditors’
rights generally and (ii) general principles of equity.

     (e)     No judgments, orders, writs or decrees are outstanding against it, nor is there now
pending or, to its knowledge, threatened litigation, contested claim, investigation, arbitration,
or governmental proceeding by or against the Borrower that (i) individually or in the aggregate
could reasonably be expected to have a Material Adverse Effect or (ii) purports to affect the
legality, validity or enforceability of this Amendment, any of the other Amendment Documents to
which the Borrower is a party, the Loan Agreement as amended hereby or the consummation of the
transactions contemplated hereby or thereby.

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

     SECTION 4. Reference to and Effect on the Loan Agreement.

     (a)     On and after the date hereof, each reference in the Loan Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein” and words of like import, and each reference in the other Loan
Documents to the Loan Agreement shall mean and be a reference to the Loan Agreement as amended
hereby.

     (b)     The Loan Agreement and each other Loan Document shall remain in full force and effect and
are hereby ratified and confirmed by each of the parties hereto.

     (c)     Neither the Agent nor the Lenders shall be deemed to have waived any rights or remedies
they may have under the Loan Agreement, any other Loan Document or applicable law.

     (d)     The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as an amendment to any right, power or remedy of the Agent or the Lenders
under any of the Loan Documents, or constitute a waiver of or an amendment to any provision of any
of the Loan Documents.

     SECTION 5. Costs and Expenses. The Borrower agrees to pay, on demand, all reasonable
out-of-pocket costs and expenses incurred by the Agent and the Lenders in connection with the
preparation, negotiation and execution of this Amendment and the other Amendment Documents
(including, without limitation, the reasonable fees and expenses of counsel to the Agent and the
Lenders).

     SECTION 6. Counterparts; Telecopied Signatures. This Amendment may be executed in
counterparts and by the parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all of which shall together constitute one and the same
instrument. This Amendment may be executed and delivered by telecopier or other facsimile
transmission all with the same force and effect as if the same were a fully executed and delivered
original manual counterpart.

- 3 -

 

     SECTION 7. GOVERNING LAW. THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS
AMENDMENT AND ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS AMENDMENT, WHETHER SOUNDING IN
CONTRACT, TORT OR EQUITY OR OTHERWISE, SHALL BE GOVERNED BY THE INTERNAL LAWS (AS OPPOSED TO THE
CONFLICTS OF LAW PROVISIONS OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND
DECISIONS OF THE STATE OF NEW YORK.

- 4 -

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
proper and duly authorized officers as of the date first set forth above.

	 	 	 	 	 
	 	BORROWER

AMERICAN RAILCAR INDUSTRIES, INC.

 	 
	 	By:  	/s/ William P. Benac
 	 
	 	 	Name:  	William P. Benac 	 
	 	 	Title:  	Sr. Vice President, CFO and Treasurer 	 
	 
	 	 	 	 	 
	 	LENDERS

NORTH FORK BUSINESS CAPITAL CORPORATION

 	 
	 	By:  	/s/ Ari Kaplan
 	 
	 	 	Ari Kaplan 	 
	 	 	Vice President 	 
	 
	 	 	 	 	 
	 	THE CIT GROUP/EQUIPMENT FINANCING, INC.

 	 
	 	By:  	/s/ J. Thomas Garry
 	 
	 	 	Name:  	J. Thomas Garry 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 	 	 
	 	ASSOCIATED BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Steve Smith
 	 
	 	 	Name:  	Steve Smith 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 	 	 
	 	CITIBANK, N.A.

 	 
	 	By:  	/s/ Jallan Wang
 	 
	 	 	Name:  	Jallan Wang 	 
	 	 	Title:  	Vice President 	 

- 5 -

 

	 	 	 	 	 

	 	 	 	 	 
	 	AGENT

NORTH FORK BUSINESS CAPITAL CORPORATION

 	 
	 	By:  	/s/ Ari Kaplan
 	 
	 	 	Ari Kaplan 	 
	 	 	Vice President 	 
	 

- 6 -

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