Document:

exv4w3

 

EXHIBIT 4.3

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO ARIZONA PUBLIC SERVICE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

ARIZONA PUBLIC SERVICE COMPANY

6.875% Note due 2036

	 	 	 
	No. 1
	 	$150,000,000
	 
	 	CUSIP No. 040555 CK 8

          Arizona Public Service Company, a corporation duly organized and existing under the laws of
Arizona (herein called the “Company”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of One Hundred Fifty Million Dollars ($150,000,000) on August 1, 2036,
and to pay interest thereon from August 3, 2006 or from the most recent Interest Payment Date to
which interest has been paid or duly provided for, semi-annually in arrears on August 1 and
February 1 in each year, commencing February 1, 2007, at the rate of 6.875%, until the principal
hereof is paid or made available for payment.

          The
interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be July 15 or January 15, as the case may be, immediately preceding
the Interest Payment Date (whether or not a Business Day). Any such interest not so punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date
and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities of this series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture.

 

 

          Payment
of the principal of (and premium, if any) and any interest on this Security will be
made at the office or agency of the Company maintained for that purpose in the City of New York, in
such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register.

          Reference
is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

          Unless
the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

          IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 
	 	ARIZONA PUBLIC SERVICE COMPANY

 	 
	 	By  	/s/ Chris Froggatt	 
	 	 	Chris Froggatt 	 
	 	 	Vice President and Controller 	 
	 

Attest:

/s/ Nancy C. Loftin

Nancy C. Loftin

Vice President, General Counsel

and Secretary

2

 

          This
Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
January 15, 1998 (herein called the “Indenture,” which term shall have the meaning assigned to it
in such instrument), between the Company and JPMorgan Chase Bank, N.A. (formerly known as JPMorgan
Chase Bank and formerly known as The Chase Manhattan Bank), as Trustee (herein called the
“Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby
made to the Indenture for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof, which is unlimited in aggregate principal amount.

          The
Company may redeem all or any portion of the Securities of this series, at its option, at
any time or from time to time, at a Redemption Price equal to the greater of (a) 100% of the
principal amount of the Securities of this series being redeemed on the Redemption Date or (b) the
sum of the present values of the remaining scheduled payments of principal and interest on the
Securities of this series being redeemed on that Redemption Date (not including any portion of any
payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a
semiannual basis at the Adjusted Treasury Rate plus 30 basis points, as determined by a Reference
Treasury Dealer appointed by the Company for such purpose; plus, in each case, accrued and unpaid
interest thereon to the Redemption Date. Notwithstanding the foregoing, installments of interest
on Securities of this series that are due and payable on Interest Payment Dates falling on or prior
to a Redemption Date will be payable on the Interest Payment Date to the Holders as of the close of
business on the relevant Record Date according to the Securities of this series and the Indenture.
The Redemption Price will be calculated on the basis of a 360-day year consisting of twelve 30-day
months.

          If
notice has been given as provided in the Indenture and funds for the redemption of any
Securities of this series (or any portion thereof) called for redemption shall have been made
available on the Redemption Date referred to in such notice, such Securities (or any portion
thereof) will cease to bear interest on the date fixed for such redemption specified in such notice
and the only right of the Holders of such Securities will be to receive payment of the Redemption
Price.

          Notice
of any optional redemption of Securities of this series (or any portion thereof) will
be given to Holders at their addresses, as shown in the Security Register for such Securities, not
more than 60 nor less than 30 days prior to the date fixed for redemption. The notice of redemption
will specify, among other items, the manner of calculation of the Redemption Price and the
principal amount of the Securities of this series held by such Holder to be redeemed. If less than
all of the Securities of this series are to be redeemed at the option of the Company, the Trustee
shall select, in such manner as it shall deem fair and appropriate, the portion of such Securities
to be redeemed in whole or in part.

3

 

          As used herein:

          “Adjusted
Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semiannual equivalent yield to maturity 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.

          “Comparable
Treasury Issue” means the U.S. Treasury security selected by a Reference Treasury
Dealer appointed by the Company for such purpose as having a maturity comparable to the remaining
term of the Securities of this series to be 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 comparable maturity to the remaining term of such Securities.

          “Comparable
Treasury Price” means, with respect to any Redemption Date, (A) the average of the
Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and
lowest of such Reference Treasury Dealer Quotations, or (B) if the Trustee obtains fewer than three
such Reference Treasury Dealer Quotations, the average of all such quotations, or (C) if only one
Reference Treasury Dealer Quotation is received, such quotation.

          “Reference
Treasury Dealer” means (A) Citigroup Global Markets Inc. and J.P. Morgan Securities
Inc. (or their respective affiliates that are Primary Treasury Dealers), and their respective
successors; provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will
substitute therefor another Primary Treasury Dealer; and (B) any other Primary Treasury Dealer(s)
selected by the Trustee after consultation with the Company.

          “Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Trustee, 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 Trustee by such Reference Treasury Dealer at 5:00 p.m. (New York City
time) on the third Business Day preceding such Redemption Date.

          The Securities
of this series will not be subject to any sinking fund.

          In the event
of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.

          The Indenture
contains provisions for defeasance at any time of the entire indebtedness of
this Security and certain restrictive covenants and Events of Default with respect to this
Security, in each case upon compliance with certain conditions set forth in

4

 

the Indenture.

          If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series 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 each series to be affected under the Indenture at any time by the Company and the
Trustee without the consent of such Holders in certain limited circumstances, or with the consent
of the Holders of 66-2/3% in principal amount of the Securities at the time Outstanding of each
series to be affected. The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time Outstanding, on behalf
of the Holders of all 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 Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security 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 Security.

          As provided
in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60 days after receipt of
such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted
by the Holder of this Security for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein.

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

          As provided
in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his

5

 

attorney duly authorized in writing, and thereupon one or
more new Securities of this series
and of like tenor, of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

          The Securities
of this series are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

          No service
charge shall 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.

          Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

          All terms
used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

CERTIFICATE OF AUTHENTICATION

          This is
one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	Dated: August 3, 2006 	JPMORGAN CHASE BANK, N.A.

As Trustee

 	 
	 	By  	/s/ Carol Ng 	 
	 	 	Authorized Officer 	 
	 	 	 	 
	 

6Exhibit 10.1

    

    Exhibit
      10.1

    

    EXECUTION
      COPY

    

    AMENDMENT
      NO. 6 TO FIRST LIEN CREDIT AGREEMENT dated as of July 31, 2006 (this
“Amendment
      Agreement”)
      among
      KRISPY KREME DOUGHNUT CORPORATION, a North Carolina corporation (the
“Borrower”),
      the
      GUARANTORS (as defined in the Credit Agreement referred to below) signatory
      hereto and the LENDERS (as defined in the Credit Agreement referred to below)
      signatory hereto.

     

    PRELIMINARY
      STATEMENTS

     

    WHEREAS,
      the Borrower is party to a First Lien Credit Agreement dated as of April 1,
      2005 (as amended, amended and restated, supplemented or otherwise modified
      through the date hereof, the “Credit
      Agreement”)
      among
      the Borrower, the Parent Guarantor, the Subsidiary Guarantors, the Lenders,
      Credit Suisse (formerly known as Credit Suisse First Boston), as Administrative
      Agent and Issuing Lender, and Wells Fargo Foothill, Inc., as Collateral Agent,
      Issuing Lender and Swingline Lender; and

     

    WHEREAS,
      the Borrower has requested that the Required Lenders agree to amend certain
      provisions of the Credit Agreement, and the Required Lenders have agreed,
      subject to the terms and conditions hereinafter set forth to such
      amendments.

     

    Accordingly,
      in consideration of the premises and for other good and valuable consideration,
      the sufficiency and receipt of all of which are hereby acknowledged, the parties
      hereto hereby agree as follows:

     

    SECTION 1.
      Defined
      Terms.
      Capitalized terms used but not herein shall be used herein as defined in the
      Credit Agreement. 

     

    SECTION 2.
      Amendments.
      As of
      the Amendment Effective Date:

     

    (a)
      paragraph (g) of Section 7.03 of the Credit Agreement is hereby amended and
      restated in its entirety to read as follows:

     

    “(g)
      unless a Default has occurred and is continuing, the Borrower and its Included
      Subsidiaries may sell other property for cash for fair market value for
      consideration not exceeding $3,000,000 in any Fiscal Year (or, in the case
      of
      Fiscal Year 2007, not exceeding $8,000,000);” and

     

    (b)
      paragraph (t) of Article VIII of the Credit Agreement is hereby amended and
      restated in its entirety to read as follows:

     

    “(t)
      the
      Restatement Date shall not have occurred on or before October 31, 2006; or”.

     

    SECTION 3.
      Agreement
      of Borrower.
      The
      Borrower hereby agrees that, with respect to any Net Available Proceeds in
      excess of $3,000,000 received by the Borrower or any of its Included
      Subsidiaries in respect of Dispositions made during Fiscal Year 2007 pursuant
      to
      Section 7.03(g), it will exercise (to the extent the conditions therein are
      satisfied) the right set forth in Section 2.10(b)(vii) of the Credit Agreement
      to offer to apply such portion of such Net Available Proceeds to the prepayment
      of outstanding Tranche B Loans under and as defined in the Second Lien Credit
      Agreement; nothing herein shall be deemed to affect the obligation of the
      Borrower to make the prepayments provided in Section 2.10(b) of the Credit
      Agreement as a result of any such Disposition to the extent that either such
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        2

      

    

    conditions
      are not satisfied or any of the Tranche B Lenders (as defined in the Second
      Lien
      Credit Agreement) elect not to be prepaid from such Net Available
      Proceeds.

     

    SECTION 4.
      Representations
      and Warranties.
      The
      Borrower hereby represents and warrants to the undersigned Lenders that (a)
      the
      representations and warranties of the Borrower and the Parent Guarantor set
      forth in the Credit Agreement, and of each Obligor in each of the other Loan
      Documents to which it is a party, is true and correct in all material respects
      on and as of the date hereof (except to the extent that any such representation
      or warranty expressly relates to an earlier date), with each reference therein
      to the Credit Agreement being deemed for purposes hereof to be a reference
      to
      the Credit Agreement as modified hereby and (b) no Default has occurred and
      is
      continuing.

     

    SECTION 5.
      Conditions
      to Effectiveness.
      The
      amendments set forth in Section 2 hereof shall become effective when, and only
      when, and as of the date (the “Amendment
      Effective Date”)
      on
      which:

     

    (a)
      the
      Administrative Agent shall have received counterparts of this Amendment
      Agreement executed by the Borrower, each of the Guarantors (other than Freedom
      Rings, LLC) and the Required Lenders;

     

    (b)
      all
      the conditions to the effectiveness of the Amendment No. 6 to the Second
      Lien Credit Agreement of even date herewith, substantially in the form
      heretofore delivered to the Lenders, shall have occurred other than the
      effectiveness of this Amendment Agreement; and

     

    (c) the
      Administrative Agent shall have received payment of all accrued fees and
      expenses of the Administrative Agent (including the reasonable and accrued
      fees
      of counsel to the Administrative Agent invoiced on or prior to the date
      hereof).

     

    SECTION 6.
      Reference
      to and Effect on the Financing Documents.

     

    (a)
       On
      and
      after the Amendment Effective Date, each reference in the Credit Agreement
      to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the
      Credit Agreement, and each reference in the other Loan Documents to “the Credit
      Agreement”, “thereunder”, “thereof”, or words of like import referring to the
      Credit Agreement shall mean and be a reference to the Credit Agreement as
      modified hereby.

     

    (b) The
      Credit
      Agreement and each of the other Loan Documents, as specifically modified by
      this
      Amendment Agreement, are and shall continue to be in full force and effect
      and
      are hereby in all respects ratified and confirmed.

     

    (c) The
      execution, delivery and effectiveness of this Amendment Agreement shall not,
      except as expressly provided herein, operate as a waiver of any right, power
      or
      remedy of the Credit Agreement or the other Loan Documents, nor constitute
      a
      waiver of any provision of the Credit Agreement or the other Loan
      Documents.

     

    SECTION
      7.
Fees.
      The
      Borrower shall pay to the Administrative Agent for the account of each Lender
      that executes and delivers to the Administrative Agent a counterpart of this
      Amendment Agreement on or before 12:00 noon (New York time) on July 31, 2006
      an
      amendment fee equal to 0.05% of the Commitment of such Lender, such fee to
      be
      payable (i) in the case of Lenders that execute and deliver this Amendment
      Agreement on or before the Amendment Effective Date, on the Amendment Effective
      Date and (ii) in the case of all other Lenders entitled to receive such fee,
      not
      later than August 4, 2006.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        3

      

    

    

     

    SECTION 8.
      Affirmation
      of Guarantors.
      Each
      Guarantor signatory hereto hereby consents to the amendments to the Credit
      Agreement effected hereby, and hereby confirms and agrees that, notwithstanding
      the effectiveness of the amendments set forth in Section 2 hereof (and
      notwithstanding the failure of Freedom Rings, LLC to be a party hereto), the
      obligations of such Guarantor contained in Article III of the Credit
      Agreement or in any other Loan Documents to which it is a party are, and shall
      remain, in full force and effect and are hereby ratified and confirmed in all
      respects, except that, on and after the effectiveness of such amendments, each
      reference in Article III of the Credit Agreement and in each of the other
      Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of
      like import shall mean and be a reference to the Credit Agreement as modified
      by
      this Amendment Agreement.

     

    SECTION 9.
      GOVERNING
      LAW.
      THIS
      AMENDMENT AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
      LAWS OF THE STATE OF NEW YORK.

     

    SECTION 10.
      Execution
      in Counterparts.
      This
      Amendment Agreement may be executed by one or more of the parties to this
      Amendment Agreement on any number of separate counterparts, and all of said
      counterparts taken together shall be deemed to constitute one and the same
      instrument. Delivery of an executed counterpart of a signature page to this
      Amendment Agreement by telecopier shall be effective as delivery of a manually
      executed counterpart of this Amendment Agreement.

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    KRISPY
      KREME DOUGHNUT CORPORATION

     

    By:
      /s/
      Michael C. Phalen

    Name:
      Michael C. Phalen

    Title:  
      CFO

     

    GUARANTORS:

     

    KRISPY
      KREME DOUGHNUTS, INC.

     

    KRISPY
      KREME DISTRIBUTING COMPANY, 
INCORPORATED

     

    KRISPY
      KREME MOBILE STORE COMPANY

     

    KRISPY
      KREME CANADA, INC.

     

    HD
      CAPITAL
      CORPORATION

     

    HDN
      DEVELOPMENT CORPORATION

     

    
      KRISPY
        KREME BRAND FUND CORPORATION

       

      KK
        CANADA
        HOLDINGS, INC.

       

      NORTHEAST
        DOUGHNUTS, LLC

       

      KRISPY
        KREME MANAGEMENT I, LLC

       

      KRISPY
        KREME MANAGEMENT II, LLC

       

      KRISPY
        KREME MANAGEMENT III, LLC

    

     

    KRISPY
      KREME COFFEE COMPANY, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an 
authorized
                Member

            

    

     

    GOLDEN
      GATE DOUGHNUTS, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an 
authorized
                Member

            

    

     

    PANHANDLE
      DOUGHNUTS, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an
authorized
                Member

            

    

     

    NORTH
      TEXAS DOUGHNUTS, L.P.

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, its 
General
                Partner

            

    

     

     

    By:
      /s/
      Michael C. Phalen

    Name:
      Michael C. Phalen

    Title:
      Authorized Officer

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LENDER

     

    Consent
      of
      Required Lenders Received

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