Supplemental Indentures and Amendments. 52 SECTION 9.01 Without Consent of Holders.................................................................52 SECTION 9.02 With Consent of Holders....................................................................53 SECTION 9.03 Compliance with Trust Indenture Act........................................................55 SECTION 9.04 Revocation and Effect of Consents..........................................................55 SECTION 9.05 Notation on or Exchange of Securities......................................................56 SECTION 9.06 Trustee to Sign Amendments, etc............................................................56 ARTICLE X SUBORDINATION..............................................................................57 SECTION 10.01 Securities Subordinated to Senior Indebtedness.............................................57 SECTION 10.02 No Payment on Securities in Certain Circumstances..........................................57 SECTION 10.03 Securities Subordinated to Prior Payment of All Senior Indebtedness on Dissolution, Liquidation or Reorganization...........................................................58 SECTION 10.04 Subrogation to Rights of Holders of Senior Indebtedness....................................59 SECTION 10.05 Obligations of the Company Unconditional...................................................60 SECTION 10.06 Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice....................60 SECTION 10.07 Application by Trustee of Amounts Deposited with It........................................61 SECTION 10.08 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness............................................................................61 SECTION 10.09 Trustee to Effectuate Subordination of Securities..........................................61 SECTION 10.10 Right of Trustee to Hold Senior Indebtedness...............................................62 SECTION 10.11 Article X Not to Prevent Events of Default.................................................62 SECTION 10.12 No Fiduciary Duty of Trustee to Holders of Senior Indebtedness.............................62 SECTION 10.13 Article Applicable to Paying Agent.........................................................63 ARTICLE XI MISCELLANEOUS..............................................................................63 SECTION 11.01 Trust Indenture Act Controls...............................................................63 SECTION 11.02 Notices....................................................................................63 SECTION 11.03 Communication by Holders with Other Holders................................................64 SECTION 11.04 Certificate and Opinion as to Conditions Precedent.........................................64 SECTION 11.05 Statements Required in Certificate or Opinion..............................................65 SECTION 11.06 Rules by Trustee and Agents................................................................65 SECTION 11.07 Legal Holidays.............................................................................65 SECTION 11.08 No Recourse Against Others.................................................................65 SECTION 11.09 Governing Law..............................................................................65 SECTION 11.10 No Adverse Interpretation of Other Agreements..............................................66 SECTION 11.11 Successors.................................................................................66 SECTION 11.12 Severability...............................................................................66 SECTION 11.13 Counterpart Originals......................................................................66 SECTION 11.14 Table of Contents, Headings, etc...........................................................66 INDENTURE dated as of December 7, 2001 between EGL, Inc., a Texas corporation (the "Company"), and JPMorgan Chase Bank, a New York banking corporation, as trustee (the "Trustee"). Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company's unsecured subordinated debentures, notes or other evidences of indebtedness (the "Securities") to be issued from time to time in one or more series as provided in this Indenture: ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
Appears in 1 contract
Sources: Indenture (Egl Inc)
Supplemental Indentures and Amendments. 52 43 SECTION 9.01 Without Consent of Holders.................................................................52 43 SECTION 9.02 With Consent of Holders....................................................................53 44 SECTION 9.03 Compliance with Trust Indenture Act........................................................55 46 SECTION 9.04 Revocation and Effect of Consents..........................................................55 46 ii 5 SECTION 9.05 Notation on or Exchange of Securities......................................................56 47 SECTION 9.06 Trustee to Sign Amendments, etc............................................................56 . ..........................................................47 ARTICLE X SUBORDINATION..............................................................................57 47 SECTION 10.01 Securities Subordinated to Senior Indebtedness.............................................57 47 SECTION 10.02 No Payment on Securities in Certain Circumstances..........................................57 48 SECTION 10.03 Securities Subordinated to Prior Payment of All Senior Indebtedness on Dissolution, Liquidation or Reorganization...........................................................58 49 SECTION 10.04 Subrogation to Rights of Holders of Senior Indebtedness....................................59 50 SECTION 10.05 Obligations of the Company Unconditional...................................................60 51 SECTION 10.06 Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice....................60 51 SECTION 10.07 Application by Trustee of Amounts Deposited with It........................................61 51 SECTION 10.08 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness............................................................................61 .....................................................................52 SECTION 10.09 Trustee to Effectuate Subordination of Securities..........................................61 52 SECTION 10.10 Right of Trustee to Hold Senior Indebtedness...............................................62 53 SECTION 10.11 Article X Not to Prevent Events of Default.................................................62 53 SECTION 10.12 No Fiduciary Duty of Trustee to Holders of Senior Indebtedness.............................62 53 SECTION 10.13 Article Applicable to Paying Agent.........................................................63 53 ARTICLE XI MISCELLANEOUS..............................................................................63 54 SECTION 11.01 Trust Indenture Act Controls...............................................................63 54 SECTION 11.02 Notices....................................................................................63 54 SECTION 11.03 Communication by Holders with Other Holders................................................64 55 SECTION 11.04 Certificate and Opinion as to Conditions Precedent.........................................64 55 SECTION 11.05 Statements Required in Certificate or Opinion..............................................65 55 SECTION 11.06 Rules by Trustee and Agents................................................................65 56 SECTION 11.07 Legal Holidays.............................................................................65 56 SECTION 11.08 No Recourse Against Others.................................................................65 56 SECTION 11.09 Governing Law..............................................................................65 56 SECTION 11.10 No Adverse Interpretation of Other Agreements..............................................66 56 SECTION 11.11 Successors.................................................................................66 56 SECTION 11.12 Severability...............................................................................66 56 SECTION 11.13 Counterpart Originals......................................................................66 57 SECTION 11.14 Table of Contents, Headings, etc...........................................................66 . .........................................................57 iii 6 INDENTURE dated as of December 7, 2001 _______________ between EGLMcD▇▇▇▇▇▇ ▇▇ternational, Inc., a Texas corporation organized under the laws of the Republic of Panama (the "Company"), and JPMorgan Chase Bank, a New York banking corporation____________________, as trustee (the "Trustee"). Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company's unsecured subordinated debentures, notes or other evidences of indebtedness (the "Securities") to be issued from time to time in one or more series as provided in this Indenture: ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
Appears in 1 contract
Sources: Subordinated Indenture (McDermott International Inc)
Supplemental Indentures and Amendments. 52 41 SECTION 9.01 Without Consent of Holders.................................................................52 .............................................................41 SECTION 9.02 With Consent of Holders....................................................................53 ................................................................42 SECTION 9.03 Compliance with Trust Indenture Act........................................................55 ....................................................44 SECTION 9.04 Revocation and Effect of Consents..........................................................55 ......................................................44 ii 5 SECTION 9.05 Notation on or Exchange of Securities......................................................56 ..................................................45 SECTION 9.06 Trustee to Sign Amendments, etc............................................................56 ........................................................45 ARTICLE X SUBORDINATION..............................................................................57 MISCELLANEOUS...............................................................................45 SECTION 10.01 Securities Subordinated to Senior Indebtedness.............................................57 SECTION 10.02 No Payment on Securities in Certain Circumstances..........................................57 SECTION 10.03 Securities Subordinated to Prior Payment of All Senior Indebtedness on Dissolution, Liquidation or Reorganization...........................................................58 SECTION 10.04 Subrogation to Rights of Holders of Senior Indebtedness....................................59 SECTION 10.05 Obligations of the Company Unconditional...................................................60 SECTION 10.06 Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice....................60 SECTION 10.07 Application by Trustee of Amounts Deposited with It........................................61 SECTION 10.08 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness............................................................................61 SECTION 10.09 Trustee to Effectuate Subordination of Securities..........................................61 SECTION 10.10 Right of Trustee to Hold Senior Indebtedness...............................................62 SECTION 10.11 Article X Not to Prevent Events of Default.................................................62 SECTION 10.12 No Fiduciary Duty of Trustee to Holders of Senior Indebtedness.............................62 SECTION 10.13 Article Applicable to Paying Agent.........................................................63 ARTICLE XI MISCELLANEOUS..............................................................................63 SECTION 11.01 Trust Indenture Act Controls...............................................................63 ...........................................................45 SECTION 11.02 10.02 Notices....................................................................................63 ................................................................................45 SECTION 11.03 10.03 Communication by Holders with Other Holders................................................64 ............................................46 SECTION 11.04 10.04 Certificate and Opinion as to Conditions Precedent.........................................64 .....................................46 SECTION 11.05 10.05 Statements Required in Certificate or Opinion..............................................65 ..........................................47 SECTION 11.06 10.06 Rules by Trustee and Agents................................................................65 ............................................................47 SECTION 11.07 10.07 Legal Holidays.............................................................................65 .........................................................................47 SECTION 11.08 10.08 No Recourse Against Others.................................................................65 .............................................................47 SECTION 11.09 10.09 Governing Law..............................................................................65 ..........................................................................48 SECTION 11.10 10.10 No Adverse Interpretation of Other Agreements..............................................66 ..........................................48 SECTION 11.11 10.11 Successors.................................................................................66 .............................................................................48 SECTION 11.12 10.12 Severability...............................................................................66 ...........................................................................48 SECTION 11.13 10.13 Counterpart Originals......................................................................66 ..................................................................48 SECTION 11.14 10.14 Table of Contents, Headings, etc...........................................................66 .......................................................48 iii 6 INDENTURE dated as of December 7, 2001 _______________ between EGLMcD▇▇▇▇▇▇ ▇▇ternational, Inc., a Texas corporation organized under the laws of the Republic of Panama (the "Company"), and JPMorgan Chase Bank, a New York banking corporation____________________, as trustee (the "Trustee"). Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company's unsecured subordinated debentures, notes or other evidences of indebtedness (the "Securities") to be issued from time to time in one or more series as provided in this Indenture: ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
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