Document:

FORM OF 7.20% DEBENTURE

  Exhibit 4.6
 Unless this certificate is presented by an
authorized representative of the Depository Trust Company, a New York corporation (“DTC”), to Issuer 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.
 COCA-COLA BOTTLING CO.
CONSOLIDATED
7.20% DEBENTURES DUE 2009
CUSIP No. 191098 A06
(Hereinafter “Securities”)
 $100,000,000
 COCA-COLA BOTTLING CO CONSOLIDATED, a corporation duly organized and existing under the laws of the State of Delaware (herein called the
“Company”, which term includes any successor corporation 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 Million Dollars
($100,000,000) on July 1, 2009, and to pay interest thereon from July 7,1997 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on January 1 and July 1 in each year, commencing January 1,
1998 at the rate of 7.20% per annum, until the principal hereof is paid or made available for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the
rate of 7.20% per annum on any overdue principal and premium and on any overdue installment of interest. Interest payments on this Security will be calculated on the basis of a 360-day year consisting of twelve 30-day months. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the 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 the December 15 or June 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 11
days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirement 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 the Indenture
 Payment of the principal of (and premium, if any) and any such interest on this Security will be
made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, 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.
 
 

  The defeasance provisions of Sections 1302 and 1303 of the Indenture will apply to this Debenture.
 This Security is one of a duly authorized issue of securities of the Company, issued and to be issued in one or more series under an Indenture, dated as of July 20, 1994, as
supplemented and restated by a Supplemental Indenture dated March 3, 1995 (as supplemented, herein called the “Indenture”), between the Company and NationsBank of Georgia, National Association, as Trustee (herein called the
“Trustee”, which term includes Citibank, N.A., which succeeded to all of the rights, powers, duties and obligations of the initial trustee under the Indenture by agreement of all parties,
effective September 15, 1995, as well as any subsequent successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made 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 limited in aggregate principal amount to $100,000,000.
 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 with the consent of the Holders of not less than a majority 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.
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the right of the Holder of this Security, which is absolute and unconditional,
to receive payment of the principal of (and premium, if any) 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 premium, if any) 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 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 multiples
of $1,000 in excess 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.
 Unless the certificate of authentication hereon has been
executed by the Trustee 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.
 Dated :   July 7, 1997
  

	  
 	 Certificate of Anthentication:
 
 This is one of the Securities of the series
 designated herein referred to in the 
 within-mentioned Indenture.
 
 Citibank, N.A., as Trustee
 	  
 	 COCA-COLA BOTTLING CO.
 CONSOLIDATED
 
 
 
 
 
 
 
	  
 	 By: 
 	 
 /s/ Illegible
 	  
 	 By: 
 	 
 /s/ DAVID V. SINGER
 
	  
 	  
 	 
 	  
 	  
 	 
 
	  
 	  
 	 Authorized Officer
 	  
 	 
 
 Attest:
 	 David V. Singer
 Chief Financial Officer
 

 
  

	  
 	  
 	  
 	  
 
	  
 	  
 	  
 	  
 	  
 	 
 /s/ PATRICIA A. GILL
 
	  
 	  
 	  
 	  
 	  
 	 
 
	  
 	  
 	  
 	  
 	 [SEAL]
 	 Patricia A. Gill
 Assistant Secretary
 
 
 
 
 

 

  ASSIGNMENT
 FOR VALUE RECEIVED the undersigned
hereby sells, assigns and transfers unto
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	  
 
	 
 
	 (Name and address of assignee, including zip code, must be printed or typewritten)
 

	  
 
	 
 
	  
 
	  
 
	 
 

	 the within Debenture, and all rights thereunder, hereby irrevocably constituting and appointing
 
	  
 
	  
 
	 
 

 Attorney to transfer said Debenture on the books of the within
Company, with full power of substitution in the premises.
   

	 Dated:                                    
 	  
 	 ___________________________________
 	  
 
	  
 	 NOTICE:
 	 The signature to this assignment must
 correspond with the name as it appears
 upon the face of the within or
attached
 Debenture in every particular, without
 alteration or enlargement or any change
 whatever.AMENDED AND RESTATED PROMISSORY NOTE

  Exhibit 4.10
 This Amended and Restated Promissory Note is an
amendment and restatement of, and not a prepayment or novation of, the Subordinated Promissory Note, dated as of May 23, 2002 (the “Prior Note”). Upon the execution of this Amended and Restated Promissory Note and delivery thereof to the
Holder, the Prior Note shall be deemed to be replaced by this Amended and Restated Promissory Note.
 AMENDED AND RESTATED PROMISSORY NOTE

	 $195,000,000.00 
 	  
 	 November 22, 2002
 

 
 FOR VALUE RECEIVED, the undersigned PIEDMONT COCA-COLA BOTTLING PARTNERSHIP, a Delaware general partnership (the “Company”), hereby promises to pay to COCA-COLA BOTTLING CO. CONSOLIDATED, a Delaware
corporation or its successors and assigns (“Holder”), the principal amount of One Hundred Ninety-Five Million and 00/100 Dollars ($195,000,000.00), or the lesser amount of
outstanding Loans (as defined below) made by Holder to the Company, in accordance with the terms set forth in this Amended and Restated Promissory Note (this “Note”).
 1.        Revolving Credit Loans.   (a)      Subject to the terms and conditions set forth in this Note, Holder agrees to make revolving credit loans (each, a “Loan” and collectively, the “Loans”) to the Company
from time to time from the date of this Note through December 31, 2005 (the “Maturity Date”) as requested by Holder in accordance with the terms of Section 1(b) below; provided, that the
aggregate principal amount of all outstanding revolving credit loans at any time (after giving effect to any amount requested) shall not exceed $195,000,000.00.
 (b)       As of the date of this Note, all principal and interest outstanding under the Prior Note shall become outstanding principal and interest under this Note. So
long as no Event of Default (as defined in Section 4) is continuing and subject to the limitations set forth herein, the Company may make additional requests for Loans from time to time upon notice to Holder. As of the date hereof, Holder will make
an additional Loan to the Company in the amount of $97,500,000.00.
 (c)       Subject to the terms and conditions hereof, the Company may borrow, repay and reborrow Loans hereunder until the Maturity Date. The Company may prepay this Note in whole or in part at any time, without premium or penalty. All principal and
interest outstanding under any Loan hereunder will become due and payable on the Maturity Date.
 2.        Payments of Interest. The Company further promises to pay interest on the unpaid principal amount of each Loan from the date of the relevant Loan
until such Loan is paid in full, at a rate per annum equal to Holder’s average monthly cost of borrowing (taking into account all indebtedness of Holder and its consolidated subsidiaries), determined as of the last business day of each calendar
month, plus one-half of one percent (0.5%) quarterly on the last business day of each calendar month of each year (each, a “Payment Date”), commencing with the Payment Date next succeeding the date hereof. Interest on the unpaid principal
balance of the Loans pursuant hereto shall continue to accrue until the principal interest thereon shall have been paid in full.
 
 

  3.        Manner of Payment.
All payments of principal and accrued interest on the Loans shall be made by the Company to Holder in immediately available funds and in lawful money of the United States of America at the address set forth in Section 11 or to such account as is
designated by Holder in writing to the Company.
 4.        Events of
Default. The following shall constitute “Events of Default” with respect to this Note:
 (a)       Failure of the Company to pay when due, in the manner provided herein, the principal or interest with respect to any Loan under this Note; or
 (b)       The Company shall make an assignment for the benefit of creditors, or shall
admit in writing its inability to pay its debts as they become due, or shall file a voluntary petition for relief under Title 11 of the United States Code (the “Bankruptcy Code”), or shall file any other petition or similar request with a
court or governmental agency having competent jurisdiction for voluntary relief, looking to reorganization, arrangement, composition, readjustment, liquidation, custodianship, dissolution, winding-up or similar relief under the Bankruptcy Code or
any other similar present or future statute, law or regulation, or shall file any answer admitting or not contesting the material allegations of a petition filed against it in any such proceeding, or shall in any such proceeding seek or consent to
or acquiesce in the appointment of any trustee, receiver, custodian or liquidator of it or of all or any substantial part of its properties; or
 (c)       The filing against the Company of an involuntary petition for relief under the Bankruptcy Code or the commencement of any proceeding against the Company in a
court or before a governmental agency having competent jurisdiction, looking to reorganization, arrangement, composition, readjustment, liquidation, custodianship, dissolution or similar relief under the Bankruptcy Code or any other similar present
or future statute, law or regulation, and such petition or proceeding shall not have been vacated, dismissed or stayed within sixty (60) days thereafter, or if there is appointed in any such proceeding, without the consent or acquiescence of the
Company, any trustee, receiver, custodian, liquidator, or other similar official for it or for all or any substantial part of its properties, and such appointment shall not have been vacated, dismissed or stayed within sixty (60) days thereafter;
or
 (d)       The Company shall default in the due observance or
performance of any covenant, condition or agreement contained herein and such default shall continue unremedied for a period of thirty (30) days.
 5.        Consequences of Event of Default. Upon the occurrence of any such Event of Default and during the continuation thereof,
Holder, by written notice to the Company, may terminate its commitment to make Loans pursuant to Section 1 and declare the unpaid principal balance of all Loans and accrued and unpaid interest thereon to be immediately due and payable
notwithstanding the Maturity Date thereof. Upon any such declaration of acceleration, such principal and interest shall become immediately due and payable and Holder shall have all other rights and remedies provided by applicable law.

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  6.        Costs of Collection.
In the event that any amounts due under this Note are not paid when due, the Company shall also pay or reimburse Holder for all reasonable costs and expenses of collection, including, without limitation, reasonable attorneys’ fees.

7.        Certain Acceleration Events. Upon a Sale, Holder
may, by notice to the Company, terminate its commitment to make Loans pursuant to Section 1 hereof and declare the unpaid principal balance of all Loans under this Note and accrued and unpaid interest thereon to be immediately due and payable,
whereupon the same shall become immediately due and payable notwithstanding the Maturity Date thereof. For purposes of this Section 7, a “Sale” means (a) a sale of all or substantially all of the assets of the Company or (b) any
extraordinary corporate transaction, such as a merger, consolidation, issuance of capital stock or other business combination involving the Company pursuant to which any person or group of persons acquires at least 50% of the voting power of the
Company, or in which the Company is not the surviving corporation.
 8.        Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of North Carolina, other than the conflicts of law provisions thereof.
 9.        Waiver. The Company waives presentment for payment, demand, protest, notice of
dishonor, notice of protest, diligence on bringing suit against any party hereto, and all defenses on the ground of any extension of the time of payment that may be given by Holder to it.
 10.      No Right of Set-Off. As of the date hereof, the Company represents that it has no claims or offsets against
Holder in breach of contract, negligence or for any other type of legal action under this Note.
 11.      Notices. Any notice pursuant to this Note must be in writing and will be deemed effectively given to another party on the earliest of the date (a) three
business days after such notice is sent by registered U.S. mail, return receipt requested, (b) upon receipt of confirmation if such notice is sent by facsimile, (c) one business day after delivery of such notice into the custody and control of an
overnight courier service for next day delivery, (d) upon delivery of such notice in person and (e) such notice is received by that party; in each case to the appropriate address below (or to such other address as a party may designate by notice to
the other party):
 The Company:
 Piedmont Coca-Cola Bottling
Partnership 
 c/o Coca-Cola Bottling Co. Consolidated
Coca-Cola Corporate Center
 4100 Coca-Cola Plaza (28211-3481)
 P.O. Box 31487
 Charlotte, North Carolina 28231-1487
 Attention: Chief Financial Officer
 Telecopy No.: (704) 557-4451
 

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  Holder:
 Coca-Cola Bottling
Co.Consolidated
 Coca-Cola Corporate Center
 4100 Coca-Cola Plaza
(28211-3481)
 P.O. Box 31487
 Charlotte, North Carolina
28231-1487
 Attention: Chief Financial Officer
 Telecopy No.: (704)
557-4451
 12.      Severability. Any provision of this Note
that is determined by any court of competent jurisdiction to be invalid or unenforceable will not affect the validity or enforceability of any other provision hereof or the invalid or unenforceable provision in any other situation or in any other
jurisdiction. Any provision of this Note held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.
 *     *     *     *     *
 

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  IN WITNESS WHEREOF, the Company and Holder have caused this Note to be executed by their duly authorized officer as of the day and year
first above written.

	  
 	  
 	  
 	 
 “Company”
 
 PIEDMONT COCA-COLA BOTTLING PARTNERSHIP
 
	 
 
 
 	  
 	  
 	 
 By: COCA-COLA BOTTLING CO.
 CONSOLIDATED, its Manager
 
 By:
__________________________________
 Name: ________________________________
 Title: _________________________________
 
 
 “Holder”
 
 COCA-COLA BOTTLING CO. CONSOLIDATED
 
 By: __________________________________
 Name: ________________________________
 Title:
_________________________________

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