Exhibit 4.1
IAC/INTERACTIVECORP
(f/k/a USA
Interactive)
as Issuer
AND
THE BANK OF NEW YORK
MELLON
(as successor to
JPMorgan Chase Bank),
as Trustee
__________________________
SUPPLEMENTAL INDENTURE
Dated as of August 7, 2008
supplementing
that certain Indenture dated as of December 16, 2002
_______________________
7.00% SENIOR NOTES DUE 2013
SUPPLEMENTAL
INDENTURE, dated as of August 7, 2008 (this “ Supplemental
Indenture ”), between IAC/InterActiveCorp (formerly known
as USA Interactive), a Delaware corporation (the “
Issuer ”), and The Bank of New York Mellon (as
successor to JPMorgan Chase Bank), as trustee (the “
Trustee ”) under the Indenture (as hereinafter
referred to).
W I T N E S S E T
H
WHEREAS the Issuer, USANi LLC, as
guarantor, and the Trustee have heretofore entered into an
Indenture, dated as of December 16, 2002 (the “
Indenture ”), providing for the issuance of the
Securities;
WHEREAS the Issuer desires to make
certain amendments to the Indenture and the Securities, as set
forth in Article I below (such amendments, the “
Amendments ”) and has requested that the Trustee
execute and deliver this Supplemental Indenture;
WHEREAS pursuant to Section 9.2 of the
Indenture, the Issuer and the Trustee may enter into this
Supplemental Indenture with the consent of Holders of a majority in
aggregate principal amount of the Securities outstanding;
WHEREAS in accordance with Section 9.2
of the Indenture, Holders of a majority in principal amount of the
Securities outstanding have consented to the Amendments pursuant to
consent documents obtained prior to the date hereof and delivered
to the Trustee and the Issuer; and
WHEREAS all things necessary to make
this Supplemental Indenture when executed by the parties hereto a
valid and binding amendment of and supplement to the Indenture have
been done and performed;
NOW,
THEREFORE, for and in consideration of the premises and other
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound hereby, it
is hereby agreed between the Issuer and the Trustee, as
follows:
ARTICLE ONE
AMENDMENTS
Section 1.01. Sections 4.2, 4.3,
4.4, 4.6 and 5.1 of the Indenture are hereby removed from the
Indenture and shall have no further force or effect, and each of
the foregoing sections is hereby replaced with the following text:
“[Reserved]”.
Section 1.02. Section 6.1 of the
Indenture is hereby amended and restated in its entirety to read as
follows:
“SECTION 6.1. Events of Default . An
“Event of Default” occurs with respect to the
Securities if:
(1) the Issuer defaults in any payment of interest (including
Additional Interest) on any Security when the same becomes due and
payable, and such default continues for a period of 30 days;
(2) the Issuer defaults in the payment of the Principal of any
Security when the same becomes due and payable at its Stated
Maturity, upon optional redemption, upon declaration or
otherwise;
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(3)
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[Reserved];
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(4)
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[Reserved];
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(5)
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[Reserved];
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(6)
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the Issuer pursuant to or within the meaning
of any Bankruptcy Law:
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(A)
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commences a voluntary case;
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(B)
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consents to the entry of an order for relief
against it in an involuntary case in which it is the debtor;
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(C)
consents to the appointment of a Custodian of it or for any
substantial part of its property; or
(D) makes
a general assignment for the benefit of its creditors; or
or takes
any comparable action under any foreign laws relating to
insolvency;
Supplemental
Indenture
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(7)
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a court of competent jurisdiction enters an
order or decree under any Bankruptcy Law that:
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(A)
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is for relief against the Issuer in an
involuntary case;
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(B)
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appoints a Custodian of the Issuer or for any
substantial part of its property; or
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(C)
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orders the winding up or liquidation of the
Issuer;
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(or any similar relief is granted under any foreign laws) and
the order, decree or relief remains unstayed and in effect for 60
consecutive days; or
(8) the Guarantee ceases to be in full force and effect during
its term or the Guarantor denies or disaffirms in writing its
obligations under the terms of this Indenture or the Guarantee, in
each case, other than any such cessation, denial or disaffirmation
in connection with the termination of the Guarantee pursuant to
Section 10.2.
The foregoing will constitute
Events of Default whatever the reason for any such Event of Default
and whether it is voluntary or involuntary or is effected by
operation of law or pursuant to any judgment, decree or order of
any court or any order, rule or regulation of any administrative or
governmental body.
The term “Bankruptcy
Law” means Title 11, United States Code , or any
similar Federal or state law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee,
liquidator, custodian or similar official under any Bankruptcy
Law.”
Section 1.03. Section 8.1(c) of the Indenture is hereby amended and
restated in its entirety to read as follows:
“Notwithstanding clauses (a) and (b) above, the
Issuer’s obligations in Sections 2.3, 2.4, 2.5, 2.10, 4.1,
4.5, 7.7, 7.8, 8.4, 8.5 and 8.6 and Section 2.3 of the Appendix
shall survive until the Securities have been paid in full.
Thereafter, the Issuer’s and the Trustee’s obligations
in Sections 7.7, 8.4 and 8.5 shall survive such sat