EXHIBIT -4.7
SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE dated
as of March 14, 2005 (this “ Supplemental
Indenture ”) among ISPAT INLAND ULC, a Nova Scotia
unlimited liability company, as issuer (the “ Issuer
”), the Guarantors and LASALLE BANK NATIONAL ASSOCIATION, as
Trustee (the “ Trustee ”).
RECITALS
WHEREAS, the Issuer, the Guarantors
and the Trustee have entered into an Indenture dated as of
March 25, 2004, as supplemented by a Supplemental Indenture
dated as of September 16, 2004 (as so supplemented, the
“ Indenture ”);
WHEREAS, pursuant to
Section 8.02 of the Indenture, the Issuer and the Guarantors,
when authorized by a Board Resolution of each of them, may direct
the Trustee to modify or supplement the Indenture with the written
consent of the Holders of at least a majority in aggregate
principal amount of all series of the Notes then outstanding;
and
WHEREAS, the Holders of at least a
majority in aggregate principal amount of the outstanding Notes
have consented in writing to the deletion of Section 4.21 from
the Indenture, and the Issuer and the Guarantors now wish to direct
the Trustee to modify or supplement the Indenture as set forth in
this Supplemental Indenture to eliminate said Section 4.21 and
to make other conforming changes;
NOW, THEREFORE, each party agrees as
follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of the Notes, as follows:
ARTICLE 1
AMENDMENTS
SECTION 1.1 Article One of the
Indenture is hereby amended by deleting the definition of
“U.S. Steelmaking Business” in its entirety from
Section 1.01.
SECTION 1.2 Article Four of the
Indenture is hereby amended by amending Section 4.21 in its
entirety to read as follows:
SECTION
4.21 [Intentionally omitted].
All
cross-references to Section 4.21 in the Indenture, wherever
appearing (including, without limitation, the references thereto in
Sections 6.01(3) and 9.03), are hereby deleted.
ARTICLE 2
MISCELLANEOUS
SECTION 2.1 This Supplement
