Second Supplemental Indenture to Borden August 2004 Indenture among Hexion Entities and Wilmington Trust Company
This agreement, dated December 23, 2005, is a supplemental indenture among Hexion Specialty Chemicals, Inc., Hexion CI Holding Company (China) LLC, Hexion U.S. Finance Corp., Hexion Nova Scotia Finance, ULC, and Wilmington Trust Company as Trustee. It adds Hexion CI Holding Company (China) LLC as an additional guarantor for certain notes, ensuring it guarantees payment obligations under the original 2004 Indenture. All other terms of the original Indenture remain unchanged. The agreement is governed by New York law and binds all current and future noteholders.
Exhibit 4.12
SECOND SUPPLEMENTAL INDENTURE (this Second Supplemental Indenture), dated as of December 23, 2005 among Hexion Specialty Chemicals, Inc. (formerly known as Borden Chemical, Inc., or its permitted successor), a New Jersey corporation (Holdings), Hexion CI Holding Company (China) LLC, a Delaware limited liability company and an indirect subsidiary of Holdings (the Additional Subsidiary Guarantor), Hexion U.S. Finance Corp. (formerly known as Borden U.S. Finance Corp.), a Delaware corporation (Hexion U.S.) and Hexion Nova Scotia Finance, ULC (formerly known as Borden Nova Scotia Finance, ULC), a Nova Scotia unlimited liability company (Hexion Nova Scotia, and together with Hexion U.S., the Issuers), and Wilmington Trust Company, as Trustee under the Indenture (the Trustee).
WITNESSETH:
WHEREAS, the Issuers, Holdings and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture dated as of August 12, 2004 (as amended by the First Supplemental Indenture dated as of May 31, 2005, the Indenture), providing for the issuance of Floating Rate Notes and Fixed Rate Notes (the Notes);
WHEREAS, pursuant to Section 4.11 and 10.06 of the Indenture, Holdings has agreed to cause the Additional Subsidiary Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which such Additional Subsidiary Guarantor will Guarantee payment on the Notes on the terms set forth in the Indenture; and
WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Second Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Additional Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
SECTION 1. Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
SECTION 2. Guarantees. The Additional Subsidiary Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Issuers obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture (including Article 11).
SECTION 3. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
SECTION 4. Notices. For purposes of the Indenture, the address for notice to Hexion U.S., Hexion Nova Scotia and the Additional Subsidiary Guarantor shall be the address for the Issuers and Guarantors set forth in Section 13.02 of the Indenture.
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SECTION 5. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION 6. 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 are made solely by the Issuers and the Additional Subsidiary Guarantor. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed by the Trustee by reason of this Second Supplemental Indenture. This Second Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. In entering into this Second Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.
SECTION 7. Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
SECTION 8. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction of this Second Supplemental Indenture.
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IN WITNESS WHEREOF, the parties have caused this Second Supplemental Indenture to be duly executed as of the date first written above.
ISSUERS | ||
HEXION U.S. FINANCE CORP. | ||
HEXION NOVA SCOTIA FINANCE, ULC | ||
By: | /s/ George F. Knight | |
Name: | George F. Knight | |
Title: | Vice President | |
HOLDINGS | ||
HEXION SPECIALTY CHEMICALS, INC. | ||
By: | /s/ William H. Carter | |
Name: | William H. Carter | |
Title: | Executive Vice President and Chief Financial Officer | |
ADDITIONAL SUBSIDIARY GUARANTOR | ||
HEXION CI HOLDING COMPANY (CHINA) LLC | ||
By: | /s/ George F. Knight | |
Name: | George F. Knight | |
Title: | Vice President |
Second Supplemental Indenture
to Borden August 2004 Indenture
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IN WITNESS WHEREOF, the parties have caused this Second Supplemental Indenture to be duly executed as of the date first written above.
TRUSTEE | ||
WILMINGTON TRUST COMPANY, as trustee | ||
By: | /s/ Mary St. Amand | |
Name: | Mary St. Amand | |
Title: | Assistant Vice President |
Second Supplemental Indenture
to Borden August 2004 Indenture
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