FIRST SUPPLEMENTAL INDENTURE dated as of October 16, 2013 among SHEA HOMESLIMITED PARTNERSHIP, and SHEA HOMES FUNDING CORP., as Issuers, The Guarantors Party Hereto and WELLS FARGOBANK, NATIONAL ASSOCIATION, as Trustee 8.625% SeniorSecured Notes Due 2019 1
Exhibit 4.1
FIRST SUPPLEMENTAL INDENTURE
dated as of October 16, 2013
among
SHEA HOMES LIMITED PARTNERSHIP, and
SHEA HOMES FUNDING CORP.,
as Issuers,
The Guarantors Party Hereto
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Trustee
8.625% Senior Secured Notes Due 2019
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THIS FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), entered into as of October 16, 2013, among Shea Homes Limited Partnership (the “Company”), a California limited partnership, Shea Homes Funding Corp., a Delaware corporation (together with the Company, the “Issuers”), each of the guarantors party hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as Trustee (the “Trustee”).
RECITALS
WHEREAS, the Issuers, the Guarantors party thereto and the Trustee entered into an indenture, dated as of May 10, 2011 (the “Indenture”), relating to the Company’s 8.625% Senior Secured Notes Due 2019 (the “Notes”); and
WHEREAS, Section 9.01(c) of the Indenture permits amendments to the Indenture for the purposes of curing any ambiguity, defect or inconsistency in the Indenture, without obtaining the consent of any Holder.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties hereto hereby agree as follows:
SECTION 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.
SECTION 2. Clause (i) of Section 4.13(b) of the Indenture is hereby amended and restated as follows:
(i) in the case of transfers of real property to any Affiliated Person involving more than $10,000,000, unless the consideration paid in respect thereof exceeds the greatest of not less than three Independent Valuations, and
SECTION 3. The foregoing amendment is limited in effect and, except as specifically set forth in this First Supplemental Indenture, shall apply only as expressly set forth in this First Supplemental Indenture and shall not constitute a modification or amendment of any other provision of the Indenture. Except as expressly amended hereby, all the terms, conditions and provisions of the Indenture shall remain in full force and effect.
SECTION 4. This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
SECTION 5. This First Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.
SECTION 6. This First Supplemental Indenture is an amendment supplemental to the Indenture (as amended and supplemented to the date hereof) and the Indenture and this First Supplemental Indenture will henceforth be read together.
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SECTION 7. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the Recitals contained herein, all of which are made solely by the Issuers and each Guarantor.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.
| SHEA HOMES LIMITED PARTNERSHIP, | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere Title: Secretary | ||
| /s/ Robert R. O’Dell | ||
| Name: Robert R. O’Dell Title: Treasurer | ||
| SHEA HOMES FUNDING CORP., | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere Title: Secretary and Chief Financial Officer | ||
| /s/ Robert R. O’Dell | ||
| Name: Robert R. O’Dell Title: Vice President | ||
[Signature Page to First Supplemental Indenture]
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| GUARANTORS: | ||
| HIGHLANDS RANCH DEVELOPMENT CORPORATION, a Colorado corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| MONTY GREEN HOLDINGS, LLC, a Delaware limited liability company | ||||
| By: | Shea Homes, Inc., a Delaware corporation Its Sole Member | |||||
| By: | /s/ James G. Shontere | |||||
| Name: James G. Shontere | ||||||
| Title: Secretary | ||||||
| By: | /s/ Robert R. O’Dell | |||||
| Name: Robert R. O’Dell | ||||||
| Title: Treasurer | ||||||
| MOUNTAINBROOK VILLAGE COMPANY, an Arizona corporation | ||||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
[Signature Page to First Supplemental Indenture]
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| SAND CREEK CATTLE COMPANY, a Colorado corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SERENADE AT NATOMAS, LLC, a California limited liability company | ||||
| By: | Shea Homes, Inc., a Delaware corporation, Its sole Member | |||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
[Signature Page to First Supplemental Indenture]
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| SEVILLE GOLF AND COUNTRY CLUB, LLC, an Arizona limited liability company | ||||||||||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member and Manager | |||||||||
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| SHEA BREA DEVELOPMENT, LLC, a Delaware limited liability company | ||||||||||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member and Manager | |||||||||
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| SHEA CAPITAL II, LLC, a Delaware limited liability company | ||||||||||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Manager | |||||||||
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
| SHEA COMMUNITIES MARKETING COMPANY, a Delaware corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
[Signature Page to First Supplemental Indenture]
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| SHEA FINANCIAL SERVICES, INC., a California corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SHEA HOMES, INC., a Delaware corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SHEA HOMES AT MONTAGE, LLC, a California limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
[Signature Page to First Supplemental Indenture]
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| SHEA HOMES SOUTHWEST, INC., an Arizona corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SHEA HOMES VANTIS, LLC, a California limited liability company | ||||
| By: | Shea Homes, Inc., a Delaware corporation, Its sole Member | |||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
| SHEA INSURANCE SERVICES, INC., a California corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
[Signature Page to First Supplemental Indenture]
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| SHEA LA QUINTA LLC, a California limited liability company | ||||
| By: | Shea Homes, Inc., a Delaware corporation, Its sole Member | |||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
| SHEA NINTH AND COLORADO, LLC, a Colorado limited liability company | ||||||||||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its sole Member and Manager | |||||||||
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| SHEA OTAY VILLAGE 11, LLC, a California limited liability company | ||||||||||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member | |||||||||
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| SHEA PROCTOR VALLEY, LLC, a California limited liability company | ||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member | |
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner | |||||||||
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner | |||||||||
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner | |||||||||
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
| SHEA PROPERTIES OF COLORADO, INC., a Colorado corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer |
[Signature Page to First Supplemental Indenture]
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| SHEA TONNER HILLS, LLC, a Delaware limited liability company | ||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its sole Member and Manager | |
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner |
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner |
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner |
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary |
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer |
| SHEA VICTORIA GARDENS, LLC, a Florida limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer |
[Signature Page to First Supplemental Indenture]
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| SH JUBILEE, LLC, a Delaware limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SH JUBILEE MANAGEMENT, LLC, a Delaware limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SHI JV HOLDINGS, LLC, a Delaware limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| SHLP JV HOLDINGS, LLC, a Delaware limited liability company | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
[Signature Page to First Supplemental Indenture]
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| TOWER 104 GATHERING, LLC, a Colorado limited liability company | ||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member and Manager | |
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner |
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner |
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner |
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| TOWER 104 OIL, LLC, a Colorado limited liability company | ||
| By: | Shea Homes Limited Partnership, a California limited partnership, Its Sole Member and Manager | |
| By: | J.F. Shea, G.P., a Delaware general partnership, Its sole General Partner |
| By: | JFS Management, L.P., a Delaware limited partnership, Its sole General Partner |
| By: | J.F. Shea Construction Management, Inc., a California corporation, Its sole General Partner |
| By: | /s/ James G. Shontere | |||||||||
| Name: James G. Shontere | ||||||||||
| Title: Secretary | ||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||
| Name: Robert R. O’Dell | ||||||||||
| Title: Treasurer | ||||||||||
[Signature Page to First Supplemental Indenture]
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| TRILOGY ANTIOCH, LLC, a California limited liability company | ||||||||||||
| By: | SHEA CAPITAL II, LLC, | |||||||||||
| a Delaware limited liability company, | ||||||||||||
| Its sole Member | ||||||||||||
| By: | Shea Homes Limited Partnership, | |||||||||||
| a California limited partnership, | ||||||||||||
| Its Manager | ||||||||||||
| By: | J.F. Shea, G.P., | |||||||||||
| a Delaware general partnership, | ||||||||||||
| Its sole General Partner | ||||||||||||
| By: | JFS Management, L.P., | |||||||||||
| a Delaware limited partnership, | ||||||||||||
| Its sole General Partner | ||||||||||||
| By: | J.F. Shea Construction Management, Inc., | |||||||||||
| a California corporation, | ||||||||||||
| Its sole General Partner | ||||||||||||
| By: | /s/ James G. Shontere | |||||||||||
| Name: James G. Shontere | ||||||||||||
| Title: Secretary | ||||||||||||
| By: | /s/ Robert R. O’Dell | |||||||||||
| Name: Robert R. O’Dell | ||||||||||||
| Title: Treasurer | ||||||||||||
| UDC ADVISORY SERVICES, INC., an Illinois corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
[Signature Page to First Supplemental Indenture]
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| UDC HOMES CONSTRUCTION, INC., an Arizona corporation | ||
| By: | /s/ James G. Shontere | |
| Name: James G. Shontere | ||
| Title: Secretary | ||
| By: | /s/ Robert R. O’Dell | |
| Name: Robert R. O’Dell | ||
| Title: Treasurer | ||
| VISTANCIA CONSTRUCTION, LLC, a Delaware limited liability company | ||||
| By: | Shea Homes Southwest, Inc., | |||
| an Arizona corporation, | ||||
| Its Manager | ||||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
| VISTANCIA MARKETING, LLC, a Delaware limited liability company | ||||
| By: | Shea Homes Southwest, Inc., | |||
| an Arizona corporation, | ||||
| Its Manager | ||||
| By: | /s/ James G. Shontere | |||
| Name: James G. Shontere | ||||
| Title: Secretary | ||||
| By: | /s/ Robert R. O’Dell | |||
| Name: Robert R. O’Dell | ||||
| Title: Treasurer | ||||
[Signature Page to First Supplemental Indenture]
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| WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee, | ||
| By: | /s/ Michael Tu | |
| Name: Michael Tu | ||
| Title: Assistant Vice President | ||
[Signature Page to First Supplemental Indenture]
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