Document:

Exhibit 4.2

 

THIRD SUPPLEMENTAL INDENTURE

 

THIRD SUPPLEMENTAL INDENTURE, dated as of January 29, 2015 (this “Third Supplemental Indenture”), among Albemarle Corporation, a Virginia corporation (the “Parent”), whose principal office is located at 451 Florida Street, Baton Rouge, Louisiana 70801, Rockwood Specialties Group, Inc., a Delaware corporation (the “Issuer” and, together with the Parent, the “Companies”), whose principal office is located at 451 Florida Street, Baton Rouge, Louisiana 70801, and Wells Fargo Bank, National Association, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Issuer issued its 4.625% Senior Notes due 2020 (the “Notes”) on September 25, 2012, pursuant to an Indenture, dated as of September 25, 2012 (as amended and supplemented, the “Indenture”), among the Issuer, Rockwood Holdings, Inc. (“Rockwood”) and the Trustee, as amended and supplemented by the first supplemental indenture, dated as of September 25, 2012 (the “First Supplemental Indenture”), among the Issuer, the Guarantors party thereto and the Trustee, as further amended and supplemented by the second supplemental indenture, dated as of January 12, 2015, among the Issuer, the Parent and the Trustee; and

 

WHEREAS, pursuant to Section 10.2(a) of the First Supplemental Indenture, the Issuer and the Trustee may, with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding issued under the Indenture (the “Majority Holders”), enter into a supplement to the Indenture to amend the provisions of the Indenture;

 

WHEREAS, the Majority Holders on or prior to the date hereof have given (and not revoked) their consents to the amendments to the provisions of the Indenture (the “Amendments”) as described in the consent solicitation statement, dated January 20, 2015 (the “Statement”), setting forth the terms and conditions of the consent solicitation (the “Consent Solicitation”) made by the Companies;

 

WHEREAS, for the purposes recited above, and pursuant to due corporate action, the Parent and the Issuer have duly determined to execute and deliver to the Trustee this Third Supplemental Indenture; and

 

WHEREAS, all conditions and requirements necessary to make this Third Supplemental Indenture a valid instrument in accordance with its terms have been done and performed, and the execution and delivery hereof have been in all respects duly authorized.

 

NOW, THEREFORE, in consideration of the premises, the Parent, the Issuer and the Trustee mutually covenant and agree as follows:

 

ARTICLE 1. DEFINITIONS.

 

1.1         All terms contained in this Third Supplemental Indenture shall, except as specifically provided herein or except as the context may otherwise require, have the meanings given to such terms in the Indenture.

 

  

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ARTICLE 2. PARENT GUARANTEE.

 

2.1         For the avoidance of doubt, notwithstanding Sections 4.11 and 9.1 of the First Supplemental Indenture, the Parent’s Guarantee of the Notes shall not be released upon any Covenant Termination Event, whether prior to, at the time of or after the date of this Third Supplemental Indenture.

 

ARTICLE 3. REPORTS.

 

3.1         Section 4.7 of the First Supplemental Indenture is hereby amended and restated as follows:

 

“(a)           Whether or not required by the Commission, so long as any Notes are outstanding, the Issuer will electronically file with the Commission by the respective dates specified in the Commission’s rules and regulations, including any extension pursuant to Rule 12b-25 under the Exchange Act (the “Required Filing Date”), unless, in any such case, such filings are not then permitted by the Commission:

 

(1)            all quarterly and annual financial information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Issuer were required to file such Forms, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Issuer’s certified independent accountants; and

 

(2)           all current reports that would be required to be filed with the Commission on Form 8-K if the Issuer were required to file such reports.

 

If such filings with the Commission are not then permitted by the Commission, or such filings are not generally available on the Internet free of charge, the Issuer will, within 15 days of each Required Filing Date, transmit by mail or electronically deliver to Holders, as their names and addresses appear in the note register, without cost to such Holders, and file with the Trustee copies of the information or reports that the Issuer would be required to file with the Commission pursuant to the first paragraph if such filing were then permitted.

 

So long as Albemarle Corporation (“Albemarle”) is a Guarantor and complies with the requirements of Rule 3-10 of Regulation S-X promulgated by the Commission (or any successor provision), the reports, information and other documents required to be filed and furnished to Holders pursuant to this Section 4.7 may, at the option of the Issuer, be filed by and be those of Albemarle rather than the Issuer.

 

The availability of the foregoing reports on the Commission’s EDGAR service (or successor thereto) shall be deemed to satisfy the Issuer’s delivery obligations to the Trustee and Holders, it being understood that the Trustee shall be under no obligation whatsoever to determine whether such reports have been posted.  Any and all Defaults or Events of Default arising from a failure to furnish or file in a timely manner any information or report required by this Section 4.7 shall be deemed cured (and the Issuer shall be deemed to be in compliance with this Section 4.7) upon furnishing or filing such information or report as contemplated by this Section 4.7 (but without regard to the date on which such information or report is so furnished or filed); provided that such cure shall not otherwise affect the rights of the Holders under Article VI if the principal, premium, if any, and interest have been accelerated in accordance with the terms of this Indenture and such acceleration has not been rescinded or cancelled prior to such cure.

 

  

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Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).”

 

ARTICLE 4. MISCELLANEOUS.

 

4.1         Ratification of Indenture.  The Indenture, as amended and supplemented by this Third Supplemental Indenture, is in all respects ratified and confirmed, and this Third Supplemental Indenture shall be deemed a part of the Indenture in the manner and to the extent herein and therein provided.

 

4.2         Governing Law.  This Third Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

4.3         Counterparts.  This Third Supplemental Indenture may be executed in several counterparts, each of which shall be an original, and all collectively but one and the same instrument.

 

4.4         The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Third Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Parent and the Issuer.  All rights, privileges, protections, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be applicable to all actions taken, suffered or omitted by the Trustee under this Third Supplemental Indenture.

 

[Signature page follows]

 

 

 

 

 

 

 

  

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

 

	 	ALBEMARLE CORPORATION, as Issuer	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	/s/ Karen G. Narwold	 
	 	Name:  	Karen G. Narwold	 
	 	Title: 	Senior Vice President, General Counsel,	 
	 	 	
Corporate & Governmental Affairs,

	 
	 	 	Corporate Secretary	 

 

 

	 	

ROCKWOOD SPECIALTIES GROUP, INC.,

	 
	 	
as Issuer

	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	/s/ Karen G. Narwold	 
	 	Name:  	Karen G. Narwold	 
	 	Title: 	President, Treasurer and Secretary	 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

  

  

 

	 	

WELLS FARGO BANK, NATIONAL ASSOCIATION,

	 
	 	
as Trustee

	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 /s/ Stefan Victory	 
	 	Name:  	Stefan Victory	 
	 	Title: 	Vice President10K2014 SNX-exhibit10.46

Exhibit 10.46

JOINDER AGREEMENT
THIS JOINDER AGREEMENT, dated as of November 29, 2014 (this “Agreement”) is executed by Hyve Solutions Corporation, a corporation incorporated under the laws of California (the “Additional Originator”), with its principal place of business located at 44201 Nobel Drive, Fremont, CA 94538.
(a)    Synnex Corporation (“Synnex”) has entered into a Third Amended and Restated Receivables Sale and Servicing Agreement dated as of January 23, 2009 (as the same may from time to time be amended, restated, supplemented or otherwise modified, the “Sale Agreement”) among SIT Funding Corporation, as Buyer (the “Buyer”), Synnex, as Servicer, and the entities party thereto from time to time as “Originators”.  
(b)    The Additional Originator desires to become a party to the Sale Agreement as an “Originator”. 
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Additional Originator hereby agrees as follows:
SECTION 1.  Definitions.  Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned thereto in Annex X to the Sale Agreement.  
SECTION 2. Transaction Documents.  The Additional Originator hereby agrees that it shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be a party to (as if it were an original signatory to), the Sale Agreement.  From and after the Additional Originator Date, the Additional Originator shall be an Originator for all purposes of the Sale Agreement and the other Related Documents.  The Additional Originator hereby acknowledges that it has received copies of the Sale Agreement and the other Related Documents.
SECTION 3.  Representations and Warranties.  The Additional Originator hereby makes all of the representations and warranties set forth in Section 4.01 of the Sale Agreement as of the date hereof (unless such representations and warranties relate to an earlier date, in which case and to the extent applicable, as of such earlier date), as if such representations and warranties were fully set forth herein, as supplemented by the addition of the disclosures to each Schedule to the Sale Agreement set forth on Exhibit A attached hereto.  The Additional Originator hereby represents and warrants that the chief place of business and chief executive office of the Additional Originator, and the offices where the Additional Originator keeps all of its books, records and documents evidencing Receivables generated by it at the addresses set forth below:
44201 Nobel Drive
Fremont, CA  94538

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SECTION 4.  Miscellaneous.  This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York.  This Agreement is executed by the Additional Originator for the benefit of Synnex and the other Originators, and each of the foregoing parties may rely hereon.  This Agreement shall be binding upon, and shall inure to the benefit of, the Additional Originator and its successors and permitted assigns.
SECTION 5.  Effective Date.  This Agreement shall become effective on the date (the “Additional Originator Date”) on which Synnex shall have received all of the documents, certificates, agreements and opinions set forth below, each (unless otherwise indicated) dated as of the Additional Originator Date, in form and substance reasonably satisfactory to Buyer:
(a)    executed counterparts of this Agreement, duly executed by each of the parties hereto;
(b)    executed counterparts of that certain joinder to the Intercreditor Agreement, duly executed by the Additional Originator in favor of each of the parties to the Intercreditor Agreement;
(c)    executed counterparts of that certain Originator Support Agreement, duly executed by Synnex in favor of the Buyer and the Administrative Agent;
(d)    certified copies of (i) the resolutions of the governing body of the Additional Originator authorizing the execution, delivery, and performance by it of this Agreement and any other Related Document to which it will be a party, (ii) all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and any other Related Document to which the Additional Originator will be a party and (iii) the organizational documents of the Additional Originator;
(e)    a certificate of the Secretary or Assistant Secretary of the Additional Originator certifying the names and true signatures of the officers of the Additional Originator authorized to sign this Agreement and any other Related Document to which it will be a party;
(f)    acknowledgment copies, or time stamped receipt copies of proper financing statements, duly filed on or before the Additional Originator Date under the UCC of all jurisdictions that the Buyer may deem necessary or desirable in order to perfect (with a first priority) the interests of the Company contemplated by this Agreement and the Sale Agreement and the interests of the Administrative Agent and the Lender Groups under the Funding Agreement;
(g)    completed UCC search reports, dated on or shortly before the Additional Originator Date, listing all effective financing statements filed in the jurisdiction referred to in clause (f) above that name the Additional Originator as debtor, together with copies of such financing statements, and similar search reports with respect to judgment liens, federal tax liens and liens of the Pension Benefit Guaranty Corporation in such jurisdictions as the Buyer may request, showing no such liens on any of the Receivables;

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(h)    satisfactory results of a review by Buyer of such Additional Originator’s collection, operating and reporting systems, Credit and Collection Policy, historical receivables data and accounts, including satisfactory results of a review of its operating locations and satisfactory review of the Eligible Receivables in existence on the Additional Originator Date;
(i)    a good standing certificate with respect to the Additional Originator issued by the Secretary of State of the jurisdiction of its organization; 
(j)     favorable opinions of Pillsbury Winthrop Shaw Pittman LLP, legal counsel for Buyer, Synnex and the Additional Originator addressing certain corporate, enforceability, security interest and bankruptcy matters, in form and substance reasonably satisfactory to the Administrative Agent and each Managing Agent;
(k)    executed counterparts of that certain Subordinated Note, duly executed by the Buyer in favor of the Additional Originator; and
(l)    executed counterparts of that certain Receivables Assignment, duly executed by the Additional Originator and the Buyer. 
IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed by its duly authorized officer as of the date and year first above written.
[Remainder of Page Intentionally Left Blank]

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Exhibit 10.46

HYVE SOLUTIONS CORPORATION

By:____/s/ Jane C. Fogarty______________________
   Name:___Jane C. Fogarty______________________
   Title:____Vice President & Senior Counsel________

44201 Nobel Drive
Fremont, CA 94538
Attn: General Counsel
Telephone No.: (510) 668-3668
Facsimile No.: (510) 668-3707

        

Acknowledged by:
SYNNEX CORPORATION
individually and as an Originator  

By:    /s/ Simon Y. Leung                 
Name:     Simon Y. Leung             
Title:     Senior Vice President, General 
Counsel and Corporate Secretary        

Acknowledged by:

SYNNEX CORPORATION   
as Servicer
                        
                    
By:    /s/ Simon Y. Leung                 
Name:     Simon Y. Leung             
Title:     Senior Vice President, General 
Counsel and Corporate Secretary        

Acknowledged by:

SIT FUNDING CORPORATION   
as Buyer
                        
                    
By:    /s/ Simon Y. Leung                 
Name:     Simon Y. Leung             
Title:     Senior Vice President, General 
Counsel and Corporate Secretary        

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EXHIBIT A

SUPPLEMENTS TO SCHEDULES TO SALE AGREEMENT

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