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Supplemental Indenture No. 1 (Project Brave).rtf
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EXECUTION COPY
SUPPLEMENTAL INDENTURE NO. 1
(PROJECT BRAVE LIMITED PARTNERSHIP)
SUPPLEMENTAL INDENTURE NO. 1, dated as of September 15, 2000 (the
"EFFECTIVE DATE"), by and among Project Brave Limited Partnership, as issuer
(the "ISSUER"), First Union National Bank, as paying agent (the "PAYING Agent")
and Wells Fargo Bank Minnesota, National Association, as indenture trustee (the
"INDENTURE TRUSTEE"), supplementing that certain Indenture, dated as of August
8, 2000 (the "INDENTURE"), between the Issuer, the Paying Agent and the
Indenture Trustee. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Indenture.
WHEREAS, the Indenture Trustee, the Issuer and certain other parties have
entered into the First Amendment to the Transfer and Servicing Agreement, dated
as of the date hereof whereby the Transferor has contributed and absolutely
assigned certain additional collateral to the Issuer;
WHEREAS, the Issuer wishes to grant a security interest in such collateral
to the Collateral Agent on behalf of the Indenture Trustee for the benefit of
the Secured Parties;
NOW THEREFORE, in consideration of the above premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
SECTION 1. GRANT
The Issuer hereby Grants to the Collateral Agent on behalf of the
Indenture Trustee at the Effective Date, for the benefit of the Class B Secured
Parties (and not the Class A Secured Parties), all of the Issuer's right, title
and interest in and to the Servicing Strip (FIACC) and such portion of the NIM
Collateral not conveyed on the Closing Date which shall include distributions
under the FIACC Facility.
The foregoing Grant is made in trust to the Collateral Agent on behalf of
the Indenture Trustee for the benefit of the Secured Parties. The Collateral
Agent on behalf of the Indenture Trustee hereby acknowledges such Grant, accepts
the trusts under this Supplemental Indenture No. 1 in accordance with the
provisions of the Indenture and agrees to perform its duties required in this
Indenture to the best of its ability to the end that the interests of such
parties, recognizing the priorities of their respective interests may be
adequately and effectively protected.
<PAGE>
SECTION 2. MISCELLANEOUS.
(a) Except as otherwise set forth herein, the Indenture shall continue in
full force and effect in accordance with its terms and all references therein to
the Indenture shall be deemed to be references to the Indenture as supplemented
by this Supplemental Indenture No. 1.
(b) This Supplemental Indenture No. 1 may be executed in any number of
counterparts, and by the different parties hereto on the same or separate
counterparts, each of which shall be deemed to be an original instrument but all
of which together shall constitute one and the same agreement. Delivery of an
executed counterpart of a signature page to this Supplemental Indenture No. 1 by
facsimile shall be as effective as delivery of a manually executed counterpart
of this Supplemental Indenture No. 1.
(c) The descriptive headings of the various sections of this Supplemental
Indenture No. 1 are inserted for convenience of reference only and shall not be
deemed to affect the meaning or construction of any of the provisions hereof.
(d) This Supplemental Indenture No. 1 may not be amended or otherwise
modified except as provided in the Indenture.
(e) THIS SUPPLEMENTAL INDENTURE NO. 1 AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS SUPPLEMENTAL INDENTURE NO. 1 SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS.
[Remainder of page intentionally left blank]
<PAGE>
IN WITNESS WHEREOF, the Issuer, the Paying Agent and the Indenture Trustee
have caused this Supplemental Indenture No. 1 to be duly executed by their
respective officers, hereunto duly authorized, all as of the day and year first
above written.
PROJECT BRAVE
LIMITED PARTNERSHIP,
as Issuer
By: FIFS ACQUISITION FUNDING
COMPANY, L.L.C.,
as General Partner
By: FIALAC Holdings, Inc.,
as Manager
By: ________________________________
Name:
Title:
WELLS FARGO BANK MINNESOTA,
NATIONAL ASSOCIATION,
not in its individual capacity,
but solely as Indenture Trustee
By: ________________________________
Name:
Title:
FIRST UNION NATIONAL BANK,
not in its individual capacity,
but solely as Paying Agent
By: ________________________________
Name:
Title:
<PAGE>
Acknowledged and accepted
this 15th day of September:
FIRST UNION SECURITIES, INC.,
as Collateral Agent
By: ______________________________________
Name:
Title:
