EX-4.1 2 0002.txt 1ST AMD. WAIVER AGREEMENT EXHIBIT 4.1 IMPERIAL SUGAR COMPANY FIRST AMENDMENT TO INTERIM WAIVER AGREEMENT To the Lender Parties to the Interim Waiver Agreement referred to below Ladies and Gentlemen: We refer to the Interim Waiver Agreement between us dated as of September 30, 2000 (the "Interim Waiver Agreement"), capitalized terms used without definition below to have the meanings ascribed to them in the Interim Waiver Agreement. Upon receipt by the Administrative Agent of counterparts hereof which, taken together, bear the signatures of the Borrower, the Subsidiary Guarantors, the Requisite Restructuring Lenders and the Majority Revolving Credit Facility Lenders, the Interim Waiver Agreement shall be amended by (i) striking the date "January 8, 2001" wherever such date appears therein other than in Section 5 thereof and substituting the date "January 14, 2001" therefor and (ii) Section 5 of the Interim Waiver Agreement shall not be applicable after January 8, 2001. Except as specifically amended hereby all of the terms, conditions and provisions of the Interim Waiver Agreement shall stand and remain unchanged and in full force and effect. No reference to this First Amendment to Interim Waiver Agreement need be made in any instrument or document at any time referring to the Interim Waiver Agreement, a reference to the Interim Waiver Agreement in any of such to be deemed to be a reference to the same as amended hereby. This First Amendment to Interim Waiver Agreement may be executed in counterparts and by separate parties hereto on separate counterparts, each to constitute an original but all of which shall constitute one and the same instrument. The amendments provided for herein shall be strictly construed and limited as herein provided. This First Amendment to Interim Waiver Agreement shall be construed in accordance with and governed by the laws of the state of New York. Dated and to Become Effective as of this 8th day of January 2001. Imperial Sugar Company (formerly known as Imperial Holly Corporation) /s/ MARK Q. HUGGINS By ________________________________________ Its CFO ____________________________________ Biomass Corporation /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Crown Express, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Diamond Crystal Brands, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Diamond Crystal Brands, LP By: Savannah Molasses & Specialties Company Its sole General Partner /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Diamond Crystal Holdings, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Diamond Crystal Specialty Foods, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Dixie Crystals Foodservice, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President DSLT Holding Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Food Carrier, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Fort Bend Utilities Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Great Lakes Sugar Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Holly Northwest Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Holly Sugar Corporation /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Imperial Distributing, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Imperial-Savannah, LP By: Savannah Molasses & Specialties Company Its sole General Partner /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Imperial Sweeteners Distributors, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President King Packaging Company, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Limestone Products Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Menu Magic Foods, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Michigan Sugar Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Phoenix Packaging Corporation /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Ragus Holdings, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Savannah Foods Industrial, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Savannah Foods & Industries, Inc. /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Savannah Investment Company /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: President Savannah Molasses & Specialties Company /s/ W.F. SCHWER By ________________________________________ Name: Title: Savannah Sugar Refining Corporation /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Wholesome Sweeteners Group, Ltd. By: Wholesome Sweeteners, LLC Its sole General Partner /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Wholesome Sweeteners, LLC /s/ W.F. SCHWER By ________________________________________ Name: W.F. Schwer Title: Sr. Vice President Lehman Commercial Paper Inc., as Syndication Agent and as a Lender /s/ MICHELE SWANSON By ________________________________________ Name: Michele Swanson Title: Authorized Signatory Harris Trust and Savings Bank, as Administrative Agent, Collateral Agent, Issuing Lender and as a Lender By ________________________________________ Name: Title: Wachovia Bank, N.A. /s/ R.H. MICHALIK By ________________________________________ Name: Richard H. Michalik Title: Senior Vice President US Bancorp AG Credit, Inc. /s/ SANDRA A. SAUER By ________________________________________ Name: Sandra A. Sauer Title: Vice President The Bank of New York /s/ R.R. REEDY By ________________________________________ Name: Ronald R. Reedy Title: Vice President Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland" New York Branch /s/ TIMOTHY J. MOORE By ________________________________________ Name: Timothy J. Moore Title: Vice President /s/ IAN REECE By ________________________________________ Name: Ian Reece Title: Senior Credit Officer Frost National Bank /s/ PHIL DUDLEY By ________________________________________ Name: Phil Dudley Title: Senior Vice President Credit Agricole Indosuez /s/ LARRY MATERI By ________________________________________ Name: Larry Materi Title: Vice President /s/ PAUL A. DYTRYCH By ________________________________________ Name: Paul A. Dytrych Title: Senior Relationship Manager Balanced High Yield Fund I Ltd., By: BHF (USA) Capital Corporation acting as attorney-in-fact /s/ JOHN J. D'ANGELO By ________________________________________ Name: John J. D'Angelo Title: Vice President Asset Management /s/ CHRISTINE NORMAN By ________________________________________ Name: Christine Norman Title: Associate Monument Capital Ltd. By: Alliance Capital Management L.P., as Investment Manager By: Alliance Capital Management Corporation, as General Partner /s/ JOEL SEREBRANSKY By ________________________________________ Name: Joel Serebransky Title: Senior Vice President Oak Mountain Limited By: Alliance Capital Management L.P., as Investment Manager By: Alliance Capital Management Corporation, as General Partner /s/ JOEL SEREBRANSKY By ________________________________________ Name: Joel Serebransky Title: Senior Vice President Van Kampen CLO I, Ltd. By: Van Kampen Management Inc., as Collateral Manager /s/ DARVIN D. PIERCE By ________________________________________ Name: Darvin D. Pierce Title: Principal Van Kampen CLO II, Ltd. By: Van Kampen Management Inc., as Collateral Manager /s/ DARVIN D. PIERCE By ________________________________________ Name: Darvin D. Pierce Title: Principal Van Kampen Senior Income Trust By: Van Kampen Investment Advisory Corp. /s/ DARVIN D. PIERCE By ________________________________________ Name: Darvin D. Pierce Title: Principal Black Diamond CLO 1998 - 1 Ltd. /s/ JOHN N. CULLINAME By ________________________________________ Name: John N. Culliname Title: Director Black Diamond International Funding Ltd. /s/ JOHN N. CULLINAME By ________________________________________ Name: John N. Culliname Title: Director KZH Sterling LLC /s/ KIMBERLY ROWE By ________________________________________ Name: Kimberly Rowe Title: Authorized Agent First Union National Bank /s/ RON R. FERGUSON By ________________________________________ Name: Ron R. Ferguson Title: Senior Vice President The Pilgrim Prime Rate Trust By: ING Pilgrim Investments Inc. as its Investment Manager /s/ MICHEL PRINCE, CFA By ________________________________________ Name: Michel Prince, CFA Title: Vice President Pilgrim America High Income Investments, Ltd. (as Assignee) By: ING Pilgrim Investments Inc. as its Investment Manager /s/ MICHEL PRINCE, CFA By ________________________________________ Name: Michel Prince, CFA Title: Vice President