Document:

EX-4.2

 EXHIBIT 4.2 

FIRST SUPPLEMENTAL INDENTURE, 

by and among 
 GLP CAPITAL,
L.P. 
 and GLP FINANCING II, INC., 

as Issuers, 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
 Dated as of
March 28, 2016 

 FIRST SUPPLEMENTAL INDENTURE 

This FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) is dated as of March 28, 2016, by and
among GLP CAPITAL, L.P., a Pennsylvania limited partnership (the “Operating Partnership”), and GLP FINANCING II, INC., a Delaware corporation (“Capital Corp.” and, together with the
Operating Partnership, the “Issuers”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Issuers, Gaming and Leisure Properties, Inc., as Parent Guarantor, and the Trustee entered into an Indenture dated as of October 30, 2013 (the “Original Indenture” and, as amended, supplemented and modified by this First
Supplemental Indenture, the “Indenture”) pursuant to which the Issuers may from time to time create and issue Notes of one or more series; and 

WHEREAS, Section 9.01(a) of the Original Indenture provides that the Issuers and the Trustee may amend or supplement the Original Indenture
without the consent of any Holder of a Note to cure any ambiguity, defect, mistake or inconsistency; and 
 WHEREAS, Section 9.01(i) of the
Original Indenture provides that the Issuers and the Trustee may amend or supplement the Original Indenture or the Notes without the consent of any Holder of a Note to conform the text of the Original Indenture or the Notes to any provision of the
Description of Notes contained in the Offering Memorandum as set forth in an Officer’s Certificate; and 
 WHEREAS, the Issuers have
provided to the Trustee an Officer’s Certificate in accordance with Section 9.01(i) and stating that terms to be amended or supplemented in the Original Indenture, as set forth in this First Supplemental Indenture, conform to the text of the
description of such terms in the Description of Notes contained in the Offering Memorandum; and 
 WHEREAS, all action on the part of the
Issuers necessary to authorize this First Supplemental Indenture has been duly taken; and 
 WHEREAS, this First Supplemental Indenture will
not result in a material modification of the 4.375% Senior Notes due 2018, 4.875% Senior Notes due 2020 and 5.375% Senior Notes due 2023 for Foreign Account Tax Compliance Act purposes; and 

NOW THEREFORE, in consideration of the premises and other good and valuable consideration the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
 1.
Definitions. Capitalized terms not otherwise defined herein or defined in reference to a stated document have the meanings given to such terms in the Indenture. 

 2. Modification of Indenture. Subject to the terms and conditions set forth
herein, pursuant to Section 9.01 of the Indenture, the Indenture is hereby modified as follows: 
 a. Section 6.02 is hereby amended by
adding “, any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary” after the first occurrence of “Issuers” in the second sentence therein;

 b. The first paragraph of Section 9.02 is hereby amended and restated in its entirety as follows: 

“Except as provided below in this Section 9.02, the Issuers and the Trustee may amend or supplement the Notes of any series and this
Indenture as it relates to such series of Notes (including Section 4.11 hereof) with the consent of the Holders of at least a majority in principal amount of the Notes of such series (including consents obtained in connection with a purchase of, or
tender offer or exchange offer for, such series of Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, or interest on
the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture as it relates to the Notes of any series may be waived with the consent of the Holders of a majority in
principal amount of the then outstanding Notes of such series (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, such series of Notes).” 

3. Miscellaneous. 

a. Incorporation of Indenture Provisions. The parties hereto agree that the terms of 12.08 (Governing Law), Sections
12.10 (Successors), 12.12 (Counterpart Originals) and 12.11 (Severability) of the Indenture are incorporated herein by reference, mutatis mutandis. 

b. Effect of Amendment. The Issuers acknowledge and agree that this First Supplemental Indenture only amends, supplements and
modifies the terms of the Indenture and does not constitute a novation, and the Issuers ratify and confirm the terms and provisions of, and its obligations under, the Indenture (as modified by this First Supplemental Indenture) and the Notes in all
respects. Each of the parties hereto acknowledges and agrees that each reference in the Indenture and the Notes to the Indenture shall be deemed to be a reference to the Indenture as amended, supplemented and modified by this First Supplemental
Indenture. 
 c. Trustee Disclaimer. The Trustee accepts the amendments of the Indenture effected by this First Supplemental
Indenture, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee
shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers, or for or with respect to (i) the validity or
sufficiency of this First Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers by action or 

 
otherwise, (iii) the due execution hereof by the Issuers or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters.

 d. Headings. The headings of the sections and subsections of this First Supplemental Indenture have been inserted for convenience
of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

[signature pages to follow] 

 IN WITNESS WHEREOF, the undersigned have caused this First Supplemental Indenture to be executed
by their respective authorized officers as of the date first above written. 
  

					
	GLP CAPITAL, L.P., as Issuer
		
	By:	 	GAMING AND LEISURE PROPERTIES, INC., its general partner
		
	By:	 	 /s/ William J. Clifford

		 	Name:	 	William J. Clifford
		 	Title:	 	 Chief Financial Officer

	
	GLP FINANCING II, INC., as Issuer
		
	By:	 	 /s/ William J. Clifford

		 	Name:	 	William J. Clifford
		 	Title:	 	 Chief Financial Officer

  
 [Signature Page to First
Supplemental Indenture] 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Stefan Victory

		 	Name:	 	Stefan Victory
		 	Title:	 	Vice President

  
 [Signature Page to First
Supplemental Indenture]Exhibit 4.1

 

THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”), dated as of March 24, 2016, among TRAC Interstar LLC (the “Guaranteeing Subsidiary”), a subsidiary of TRAC Services LLC (“TRAC Services”) and a Delaware limited liability company, TRAC Intermodal LLC, a Delaware limited liability company (the “Company”) (or its permitted successor), TRAC Intermodal Corp., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, a national banking association, as trustee and as notes collateral agent under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Base Indenture”), dated as of August 9, 2012, providing for the issuance of 11% Senior Secured Notes due 2019 (the “Notes”);

 

WHEREAS, the Issuers, TRAC Logistics, a subsidiary of Interpool, Inc. and a Delaware limited liability company and TRAC Drayage LLC (“TRAC Drayage”), a subsidiary of TRAC Logistics and a Delaware limited liability company, have heretofore executed and delivered to the Trustee a supplemental indenture (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), dated as of March 15, 2013, pursuant to which TRAC Logistics and TRAC Drayage unconditionally guaranteed all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth therein;

 

WHEREAS, the Issuers, TRAC Services, TRAC Chassis Pool Management LLC (“TRAC Chassis”), a subsidiary of TRAC Logistics LLC (“TRAC Logistics”) and a Delaware limited liability company, have heretofore executed and delivered to the Trustee a supplemental indenture (the “Second Supplemental Indenture” and, together with the First Supplemental Indenture and the Base Indenture, the “Indenture”), dated as of October 21, 2015, pursuant to which TRAC Chassis and TRAC Services unconditionally guaranteed all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth therein;

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guarantee”); and

 

WHEREAS, pursuant to Section 901 of the Indenture, the Trustee is authorized to execute and deliver this Third Supplemental Indenture.

 

1

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the 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.                                       AGREEMENT TO GUARANTEE.  The Guaranteeing Subsidiary hereby agrees as follows:

 

(a)                                 The Guaranteeing Subsidiary hereby agrees to become a party to the Indenture as a Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture.  The Guaranteeing Subsidiary agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

 

(b)                                 The Guaranteeing Subsidiary agrees, on a joint and several basis with all the existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee the Obligations pursuant to and subject to the other conditions set forth in Article Twelve of the Indenture of a senior basis.

 

3.                                       NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Third Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of the Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

 

4.                                       NEW YORK LAW TO GOVERN.  THIS THIRD SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

 

5.                                       COUNTERPARTS.  This Third Supplemental Indenture may be executed in any number of counterparts, each of which shall be original; but such counterparts shall together constitute but one and the same instrument.  The exchange of copies of this Third

 

2

 

Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Third Supplemental Indenture as to the parties hereto and may be used in lieu of the original Third Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

6.                                       EFFECT OF HEADINGS.  The 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 Third Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuers.

 

[Remainder of page intentionally left blank]

 

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

 

 

	
 
    	
 
    	
TRAC INTERSTAR LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name: Christopher Annese
    
	
 
    	
 
    	
 
    	
Title:   Chief Financial Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
TRAC INTERMODAL LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name: Christopher Annese
    
	
 
    	
 
    	
 
    	
Title:   Chief Financial Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
TRAC INTERMODAL CORP.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name: Christopher Annese
    
	
 
    	
 
    	
 
    	
Title:   Chief Financial Officer
    

 

[Signature page to Third Supplemental Indenture]

 

 

	
 
    	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Authorized Signatory
    

 

[Signature page to Third Supplemental Indenture]

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