Document:

Second Supplemental Indenture

 Exhibit 4.1 
 SECOND SUPPLEMENTAL INDENTURE 
 SECOND
SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of April 4, 2011, among Penn Virginia Corporation, a corporation duly organized and existing under the laws of the Commonwealth of
Virginia (herein called the “Company”), having its principal office at Four Radnor Corporate Center, Suite 200, 100 Matsonford Road, Radnor, Pennsylvania 19087, and Penn Virginia Holding Corp. (a Delaware corporation), Penn Virginia
Oil & Gas Corporation (a Virginia corporation), Penn Virginia Oil & Gas GP LLC (a Delaware limited liability company), Penn Virginia Oil & Gas LP LLC (a Delaware limited liability company), Penn Virginia Oil &
Gas, L.P. (a Texas limited partnership), Penn Virginia MC Corporation (a Delaware corporation), Penn Virginia MC Energy L.L.C. (a Delaware limited liability company) and Penn Virginia MC Operating Company L.L.C. (a Delaware limited liability
company) (together, the “Subsidiary Guarantors”), and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”), to the Indenture, dated as of June 15, 2009, among the Company, the Subsidiary
Guarantors and the Trustee (the “Base Indenture” and, as supplemented by the First Supplemental Indenture (the “First Supplemental Indenture”), dated as of June 15, 2009, among the Company, the Subsidiary Guarantors and the
Trustee, in respect of the Notes, the “Indenture”). 
 RECITALS OF THE COMPANY AND THE SUBSIDIARY GUARANTORS

 The Company and the Subsidiary Guarantors have duly authorized, executed and delivered to the Trustee the Base Indenture,
providing for the issuance from time to time of the Company’s unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series, and the First Supplemental Indenture, providing for the issuance of a series of
senior notes designated as 10.375% Senior Notes due 2016 (the “Notes”). 
 Section 902 of the Base Indenture
provides, among other things, that with the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture (the “Requisite Consents”), the Company
and the Subsidiary Guarantors, when authorized by a Board Resolution, and the Trustee, may enter into an indenture or indentures supplemental to the Indenture. 
 Pursuant to Section 902 of the Base Indenture, the Company and the Subsidiary Guarantors desire to amend the Indenture by amending Subsection (3) of Section 1112 of the First Supplemental
Indenture, captioned “Limitation on Restricted Payments” (the “Proposed Amendment”). 
 The Board of
Directors of the Company and the Boards of Directors of the Subsidiary Guarantors have duly adopted resolutions authorizing the Company and the Subsidiary Guarantors to execute and deliver this Second Supplemental Indenture. 

The Requisite Consents to effect the Proposed Amendment have been received. 

All conditions and requirements necessary to make this Second Supplemental Indenture a valid, legal, binding and enforceable instrument
in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto. 

  
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 NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, it
is mutually agreed, for the equal and proportionate benefit of all Holders of the Notes as follows: 
 1.
CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 2. AMENDMENTS TO INDENTURE. The first paragraph of Section 1112(3) of the First Supplemental Indenture is hereby deleted in its entirety and replaced with
the following: 
 (3) purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled
maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Obligations or Guarantor Subordinated Obligations (other than (x) Indebtedness permitted under clause (3) of the second paragraph of Section 1111,
(y) the purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated Obligations or Guarantor Subordinated Obligations purchased in anticipation of satisfying a sinking fund obligation, principal installment
or final maturity, in each case due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement or (z) the purchase, repurchase, redemption, defeasance or other acquisition or retirement for
value of any or all of the Company’s 4.50% Convertible Senior Subordinated Notes due 2012 and any related call options or warrants issued at the time of the issuance thereof); or 

3. RATIFICATION. This Second Supplemental Indenture is executed and shall be construed as a supplement to the Indenture
and, as provided in the Indenture, this Second Supplemental Indenture forms a part of the Indenture. Except to the extent amended by or supplemented by this Second Supplemental Indenture, the Company, the Subsidiary Guarantors and the Trustee hereby
ratify, confirm and reaffirm the Indenture in all respects. 
 4. GOVERNING LAW. This Second
Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 
 5.
COUNTERPART ORIGINALS. The parties may sign any number of copies of this Second Supplemental Indenture, and each party hereto may sign any number of separate copies of this Second Supplemental Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. 
 6. EFFECT OF
HEADINGS. The Article and Section headings herein are for convenience only and shall not affect the construction hereof. 
 7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or
in respect of the recitals contained herein, all of which recitals are made solely by the Company. 

  
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 [Signature Pages Follow] 

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

					
	Penn Virginia Corporation
		 	(a Virginia corporation)
		
	By:	 	 /s/ Steven A. Hartman

		 	Name:	 	Steven A. Hartman
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	Penn Virginia Holding Corp.
		 	(a Delaware corporation)
	Penn Virginia Oil & Gas Corporation
		 	(a Virginia corporation)
	Penn Virginia Oil & Gas GP LLC
		 	(a Delaware limited liability company)
	Penn Virginia Oil & Gas LP LLC
		 	(a Delaware limited liability company)
	Penn Virginia MC Corporation
		 	(a Delaware corporation)
	Penn Virginia MC Energy L.L.C.
		 	(a Delaware limited liability company)
	Penn Virginia MC Operating Company L.L.C.
		 	(a Delaware limited liability company)
		
	By:	 	 /s/ Steven A. Hartman

		 	Name:	 	Steven A. Hartman
		 	Title:	 	 Senior Vice President and

Chief Financial Officer

	
	Penn Virginia Oil & Gas, L.P.
		 	(a Texas limited partnership)
		 	By:	 	 Penn Virginia Oil & Gas GP LLC,
 its general partner

		
	By:	 	 /s/ Steven A. Hartman

		 	Name:	 	Steven A. Hartman
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	Wells Fargo Bank, National Association, as Trustee
		
	By:	 	 /s/ John C. Stohlmann

		 	Name:	 	John C. Stohlmann
		 	Title:	 	Vice President

  
 S-1Second Amendment, dated as of March 31, 2011, to Credit Agreement

 Exhibit 10.1 
 SECOND AMENDMENT TO CREDIT AGREEMENT 
 THIS SECOND AMENDMENT TO
CREDIT AGREEMENT (“Amendment”) is made as of March 31, 2011 by and among WESTELL TECHNOLOGIES, INC., a Delaware corporation (“Technologies”), WESTELL, INC., an Illinois corporation (“Westell”),
TELTREND LLC, a Delaware limited liability company (“Teltrend”) and CONFERENCE PLUS, INC., a Delaware corporation (“CPI”, Technologies, Westell, Teltrend and CPI being hereinafter collectively referred to as the
“Borrowers” and individually as a “Borrower”) and THE PRIVATEBANK AND TRUST COMPANY, an Illinois state chartered bank (the “Lender”). 

RECITALS 
 A. The Lender and the Borrowers entered into a Credit Agreement dated as of March 5, 2009, as heretofore amended (as so amended, the “Credit Agreement”). 

B. The parties to the Credit Agreement desire to enter into this Amendment for the purpose of amending certain provisions of the Credit
Agreement. 
 AGREEMENT 
 In consideration of the matters set forth in the recitals and the covenants and provisions herein set forth, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties agree as follows: 
 1. Definitions. Capitalized terms used but not defined herein are used as defined in the
Credit Agreement. 
 2. Amendments. Upon satisfaction of the conditions precedent hereinafter set forth, the Credit
Agreement shall be amended as follows: 
 2.1 The definitions of “Applicable Margin”,
“Non-Use Fee Rate”, “Requisite Minimum Balances” and “Termination Date” contained in Section 1.1 of the Credit Agreement are hereby amended in their entirety to read as follows: 

“Applicable Margin means, for any day, 0% per annum in the case of Base Rate Loans and 2.25% per annum in the case of
LIBOR Loans. 
 Non-Use Fee Rate means .20% per annum. 

Requisite Minimum Balances means an average monthly non-interest bearing account balance of at least $5,000,000 and an average
monthly balance of at least $15,000,000 consisting of other investments. 

 Termination Date means the earlier to occur of (a) March 31, 2012 or
(b) such other date on which the Commitments terminate pursuant to Section 6 or Section 13.” 
 2.2 The last sentence of Section 10.2 of the Credit Agreement is hereby amended in its entirety to read as follows: 
 “All such inspections or audits by the Lender shall be at the Borrowers’ expense, provided that so long as no Event of Default or Unmatured Event of Default exists, such inspections or
audits shall only be conducted during normal business hours and the Borrowers shall not be required to reimburse the Lender for inspections or audits more frequently than one time each Fiscal Year.” 

3. Representations and Warranties. To induce the Lender to execute this Amendment, each Borrower represents and warrants to the
Lender as follows: 
 3.1 Each Borrower is duly authorized to execute and deliver this Amendment and is duly
authorized to perform its obligations hereunder. 
 3.2 The execution, delivery and performance by the Borrowers
of this Amendment do not and will not (i) require any consent or approval of any Person (other than any consent or approval which has been obtained and is in full force and effect), (ii) conflict with (A) any provision of law,
(B) the charter, by-laws or other organizational documents of any Borrower or (C) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon any Borrower or any of its properties or
(iii) require, or result in, the creation or imposition of any Lien on any asset of any Borrower other than Liens in favor of the Lender. 
 3.3 This Amendment is the legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with its terms, subject to bankruptcy, insolvency and similar laws affecting
enforceability of creditors’ rights generally and to general principles of equity. 
 3.4 The
representations and warranties in the Loan Documents (including but not limited to Section 9 of the Credit Agreement) are true and correct with the same effect as though made on and as of the date of this Amendment (except to the extent stated
to relate to a specific earlier date, in which case such representations and warranties were true and correct as of such earlier date). 
 3.5 No Unmatured Event of Default or Event of Default has occurred and is continuing. 
 4. Affirmation. Except as expressly amended hereby, the Credit Agreement is and shall continue in full force and effect and each Borrower hereby fully ratifies and affirms each Loan Document to
which it is a party. Reference in any of this Amendment, the Credit Agreement or any other Loan Document to the Credit Agreement shall be a reference to the Credit Agreement as amended hereby and as further amended, modified, restated, supplemented
or extended from time to time. This Amendment shall constitute a Loan Document for purposes of the Credit Agreement and the other Loan Documents. 

  
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 5. Costs and Expenses. The Borrowers agree to pay or reimburse the Lender within five
(5) Business Days after demand for all reasonable costs and expenses (including Attorney Costs) incurred by the Lender in connection with the preparation, negotiation and delivery of this Amendment. 

6. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall constitute an original, but all
of which when taken together shall constitute one instrument. Delivery of an executed counterpart of this Amendment by facsimile or electronic transmission shall be effective as delivery for an original counterpart. 

7. Headings. The headings and captions of this Amendment are for the purposes of reference only and shall not affect the
construction of, or be taken into consideration in interpreting, this Amendment. 
 8. Conditions to Amendment. This
Amendment shall become effective upon the satisfaction in full of all of the following conditions precedent, each of which shall be satisfactory to the Lender: 
 8.1 Amendment. The Borrowers shall have executed and delivered to the Lender this Amendment. 
 8.2 Other. The Lender shall have received such other documents as the Lender shall reasonably request. 
 9. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS WITHOUT GIVING EFFECT TO ILLINOIS CHOICE OF LAW DOCTRINE. 

Signature pages follow 

  
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 The parties hereto have caused this Amendment to be executed by their duly authorized
officers, all as of the day and year first above written. 
  

			
	BORROWERS:
	
	 WESTELL TECHNOLOGIES, INC., as a
 Borrower and Borrower Representative

		
	By:	 	 /s/ Brian S. Cooper

	Name:	 	 Brian S. Cooper

	Title:	 	 Sr. VP and CFO

	
	WESTELL, INC., as a Borrower
		
	By:	 	 /s/ Brian S. Cooper

	Name:	 	 Brian S. Cooper

	Title:	 	 Sr. VP and CFO

	
	TELTREND LLC, as a Borrower
		
	By:	 	 /s/ Brian S. Cooper

	Name:	 	 Brian S. Cooper

	Title:	 	 Sr. VP and CFO

	
	CONFERENCE PLUS, INC., as a Borrower
		
	By:	 	 /s/ Brian S. Cooper

	Name:	 	 Brian S. Cooper

	Title:	 	 CFO

 Second Amendment Signature Page 

 
			
	LENDER:
	
	 THE PRIVATEBANK AND TRUST
 COMPANY

		
	By:	 	 /s/ Derek Sammons

	Name:	 	 Derek Sammons

	Title:	 	 Managing Director

 Second Amendment Signature Page

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