Fifth Supplemental Indenture

Contract Categories: Business Finance - Indenture Agreements
EX-4.8.7 2 d34025exv4w8w7.htm FIFTH SUPPLEMENTAL INDENTURE exv4w8w7
 

Exhibit 4.8.7
FIFTH SUPPLEMENTAL INDENTURE
     This Fifth Supplemental Indenture (this “Agreement”) is entered into as of January 25, 2006, by and among (i) FelCor Lodging Limited Partnership, a Delaware limited partnership (“FelCor LP”), (ii) FelCor Lodging Trust Incorporated, a Maryland corporation (“FelCor”), (iii) each of the entities listed on Schedule 1 attached hereto (collectively, the “New Subsidiary Guarantors”), and (iv) SunTrust Bank, as Trustee (“Trustee”).
     WHEREAS, FelCor LP, as Issuer, FelCor and certain of its subsidiaries names therein, as Guarantors, and Trustee, as Trustee, entered into that certain Indenture dated as of October 1, 1997, as amended and supplemented to date (the “Indenture”);
     WHEREAS, each of the subsidiary guarantors listed on Schedule 2 attached hereto (the “Former Guarantors”), were guarantors of the Line of Credit (as defined in the Indenture) and, pursuant to Section 4.07 of the Indenture, executed and delivered Subsidiary Guarantees under and as defined in the Indenture;
     WHEREAS, the Line of Credit was fully paid, discharged and terminated in March, 2004, and, pursuant to Section 4.07 of the Indenture, each of the Former Guarantors was automatically released and discharged from its Subsidiary Guarantee upon the release and discharge of the Guarantee (as defined in the Indenture) which resulted in the creation of such Subsidiary Guarantee; and
     WHEREAS, on or about the date hereof, FelCor LP and FelCor are entering into a new Line of Credit which will be guaranteed by the New Subsidiary Guarantors and, pursuant to Section 4.07 of the Indenture, the New Subsidiary Guarantors are required to execute and deliver a supplemental indenture to the Indenture providing for a Subsidiary Guarantee by such New Subsidiary Guarantor.
     NOW, THEREFORE, for and in consideration of the mutual promises and covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
     1. Each of the New Subsidiary Guarantors hereby executes this Agreement as a supplemental indenture to the Indenture for the purpose of providing a guarantee of the Notes, as that term is defined in the Indenture, and of certain of FelCor LP’s obligations under the Indenture as set forth therein and agrees to assume and be subject to all of the terms, conditions, waivers and covenants applicable to a Subsidiary Guarantor under the Indenture, including without limitation, those set forth in Article XI thereof. Upon its execution hereof, each of the New Subsidiary Guarantors hereby acknowledges that it shall be a Subsidiary Guarantor for all purposes as defined and as set forth in the Indenture, effective as of the date hereof. Further, each New Subsidiary Guarantor hereby waives and shall not in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or any other rights

 


 

against FelCor LP, FelCor or any other Restricted Subsidiary as a result of any payment by such New Subsidiary Guarantor under its Subsidiary Guarantee.
     2. The parties hereto hereby confirm and acknowledge the prior release and discharge of each of the Former Guarantors from any and all guaranty obligations arising under the Indenture.
     3. The parties hereto hereby confirm and acknowledge that the Indenture shall continue in full force and effect according to its original terms, except as expressly supplemented hereby.
     4. This Agreement may be executed in any number of counterparts, but all such counterparts shall together constitute but one and the same agreement. In making proof of this Agreement, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto.
     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first above written.
         
    FELCOR LODGING LIMITED PARTNERSHIP,
    a Delaware limited partnership
 
  By:   FelCor Lodging Trust Incorporated, a Maryland corporation, its general partner
             
 
  By:   /s/ Lawrence D. Robinson    
 
  Name:  
 
Lawrence D. Robinson
   
 
  Title:   Executive Vice President    
 
           
             
    FELCOR LODGING TRUST INCORPORATED,    
    a Maryland corporation    
 
           
 
  By:   /s/ Lawrence D. Robinson     
 
  Name:  
 
Lawrence D. Robinson
   
 
  Title:   Executive Vice President    
 
           
    FELCOR/CSS HOLDINGS, L.P., a Delaware limited partnership    
 
  By:   FelCor CSS Hotels, L.L.C., a Delaware limited liability company, its general partner    
    FELCOR HOTEL ASSET COMPANY, L.L.C., a Delaware limited liability company    
    FELCOR PENNSYLVANIA COMPANY, L.L.C., a Delaware limited liability company    
    FELCOR LODGING HOLDING COMPANY, L.L.C., a Delaware limited liability company    

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    FHAC TEXAS HOLDINGS, L.P., a Texas limited partnership
 
  By:   FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company, its general partner
    FELCOR CANADA CO., a Nova Scotia unlimited liability company
    FELCOR OMAHA HOTEL COMPANY, L.L.C., a Delaware limited liability company
    FELCOR TRS HOLDINGS, L.P., a Delaware limited partnership
 
  By:   FelCor TRS I, L.L.C., a Delaware limited liability company, its general partner
    MYRTLE BEACH HOTELS, L.L.C., a Delaware limited liability company
    FELCOR TRS BORROWER 1, L.P., a Delaware limited partnership
 
  By:   FelCor TRS Borrower GP 1, L.L.C., a Delaware limited liability company, its general partner
    FELCOR TRS GUARANTOR, L.P., a Delaware limited partnership
 
  By:   FelCor TRS Guarantor GP, L.L.C., a Delaware limited liability company, its general partner
    CENTER CITY HOTEL ASSOCIATES, a Pennsylvania limited
partnership
 
  By:   FelCor Philadelphia Center, L.L.C., a Delaware limited liability company its general partner
    FELCOR LODGING COMPANY, L.L.C., a Delaware limited liability company
    FELCOR TRS BORROWER 3, L.P., a Delaware limited partnership
 
  By:   FelCor TRS Borrower GP 3, L.L.C., a Delaware limited liability company, its general partner
    FELCOR TRS BORROWER 4, L.L.C., a Delaware limited liability company
             
 
  By:   /s/ Lawrence D. Robinson    
 
  Name:  
 
Lawrence D. Robinson
   
 
  Title:   Executive Vice President    

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    SUNTRUST BANK, as Trustee        
 
               
 
  By:   /s/ George Hogan        
         
 
  Name:   George Hogan        
 
  Title:  
 
Vice President
       
 
     
 
       

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SCHEDULE 1
NEW SUBSIDIARY GUARANTORS
1.   FelCor/CSS Holdings, L.P., a Delaware limited partnership
 
2.   FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company
 
3.   FelCor Pennsylvania Company, L.L.C., a Delaware limited liability company
 
4.   FelCor Lodging Holding Company, L.L.C., a Delaware limited liability company
 
5.   FHAC Texas Holdings, L.P., a Texas limited partnership
 
6.   FelCor Canada Co., a Nova Scotia unlimited liability company
 
7.   FelCor Omaha Hotel Company, L.L.C., a Delaware limited liability company
 
8.   FelCor TRS Holdings, L.P., a Delaware limited partnership
 
9.   Myrtle Beach Hotels, L.L.C., a Delaware limited liability company
 
10.   FelCor TRS Borrower 1, L.P., a Delaware limited partnership
 
11.   FelCor TRS Guarantor, L.P., a Delaware limited partnership
 
12.   Center City Hotel Associates, a Pennsylvania limited partnership
 
13.   FelCor Lodging Company, L.L.C., a Delaware limited liability company
 
14.   FelCor TRS Borrower 3, L.P., a Delaware limited partnership
 
15.   FelCor TRS Borrower 4, L.L.C., a Delaware limited liability company

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SCHEDULE 2
FORMER GUARANTORS
1.   FelCor/CSS Hotels, L.L.C., a Delaware limited liability company
 
2.   FelCor/LAX Hotels, L.L.C., a Delaware limited liability company
 
3.   FelCor/CSS Holdings, L.P., a Delaware limited partnership
 
4.   FelCor/St. Paul Holdings, L.P., a Delaware limited partnership
 
5.   FelCor/LAX Holdings, L.P., a Delaware limited partnership
 
6.   FelCor Eight Hotels, L.L.C., a Delaware limited liability company
 
7.   FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company
 
8.   FelCor Nevada Holdings, L.L.C., a Nevada limited liability company
 
9.   FHAC Nevada Holdings, L.L.C., a Nevada limited liability company
 
10.   FHAC Texas Holdings, L.P., a Texas limited partnership
 
11.   FelCor Omaha Hotel Company, L.L.C., a Delaware limited liability company
 
12.   FelCor Country Villa Hotel, L.L.C., a Delaware limited liability company
 
13.   FelCor Moline Hotel, L.L.C., a Delaware limited liability company
 
14.   FelCor Canada Co., a Nova Scotia unlimited liability company
 
15.   FelCor TRS Holdings, L.P., a Delaware limited partnership
 
16.   Kingston Plantation Development Corp., a Delaware corporation
 
17.   FelCor Holdings Trust, a Massachusetts business trust

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