Exhibit 4.14
SUPPLEMENTAL INDENTURE NUMBER 1 AND
WAIVER
Dated as of February 16, 2000
to
INDENTURE
Dated as of October 27, 1998
between
ACE US HOLDINGS, INC.,
as Issuer
and
UNITED STATES TRUST COMPANY OF NEW
YORK,
as Trustee
SUPPLEMENTAL INDENTURE NUMBER 1 AND
WAIVER
This SUPPLEMENTAL INDENTURE NUMBER 1
AND WAIVER, dated as of February 16, 2000, is made among ACE
US Holdings, Inc., a Delaware corporation (the
“Company”) and UNITED STATES TRUST COMPANY OF NEW YORK,
as trustee under the indenture referred to below (the
“Trustee”).
WITNESSETH:
WHEREAS, the Company has heretofore
executed and delivered to the Trustee an Indenture (the
“Indenture”) dated as of October 27, 1998,
providing for the issuance of an aggregate principal amount of up
to $250,000,000 of Credit Sensitive Senior Notes due 2008 (the
“Securities”);
WHEREAS, Section 4.02(a) of the
Indenture provides that within 90 days of the end of each fiscal
year, the Company will provide to the Trustee and the holders of
the Securities certain financial information;
WHEREAS, the Issuer has requested,
and the Trustee is prepared to agree to, extend the time allowed by
Section 4.02(a) of the Indenture from 90 days after the end of
each fiscal year to 120 days from such date (the
“Amendment”);
WHEREAS, for the period ending
September 30, 1999, the Issuer has requested, and the Trustee
is prepared to grant, a waiver of the Issuer’s reporting
obligations under Section 4.02(a) of the Indenture (the
“Waiver”);
WHEREAS, Woodbourne LLC, the sole
holder of the Securities (the “Securityholder”) has
consented to the Amendment, to the Waiver, and to the execution
of
