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0001047469-06-002685.txt : 20060301
0001047469-06-002685.hdr.sgml : 20060301
20060301172452
ACCESSION NUMBER: 0001047469-06-002685
CONFORMED SUBMISSION TYPE: S-3ASR
PUBLIC DOCUMENT COUNT: 8
FILED AS OF DATE: 20060301
DATE AS OF CHANGE: 20060301
EFFECTIVENESS DATE: 20060301
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL AEROSPACE & TECHNOLOGIES CORP
CENTRAL INDEX KEY: 0001217770
IRS NUMBER: 841313001
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-16
FILM NUMBER: 06656881
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021 2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL TECHNOLOGIES HOLDING CORP
CENTRAL INDEX KEY: 0001217771
IRS NUMBER: 841220333
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-06
FILM NUMBER: 06656870
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021 2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL METAL BEVERAGE CONTAINER CORP
CENTRAL INDEX KEY: 0001217772
IRS NUMBER: 841326644
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-13
FILM NUMBER: 06656877
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WASTIMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: METAL PACKAGING INTERNATIONAL INC
CENTRAL INDEX KEY: 0001261785
IRS NUMBER: 841111796
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-01
FILM NUMBER: 06656865
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL METAL FOOD CONTAINER CORP
CENTRAL INDEX KEY: 0001217775
IRS NUMBER: 222414869
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-12
FILM NUMBER: 06656876
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WASTIMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL METAL PACKAGING SALES CORP
CENTRAL INDEX KEY: 0001217776
IRS NUMBER: 841326641
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-10
FILM NUMBER: 06656874
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WASTIMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL PACKAGING CORP
CENTRAL INDEX KEY: 0001217777
IRS NUMBER: 841326640
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-09
FILM NUMBER: 06656873
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WASTIMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL PLASTIC CONTAINER CORP
CENTRAL INDEX KEY: 0001217779
IRS NUMBER: 841326643
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-07
FILM NUMBER: 06656871
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WASTIMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BG HOLDINGS I INC
CENTRAL INDEX KEY: 0001217781
IRS NUMBER: 351960867
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-05
FILM NUMBER: 06656869
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BG HOLDINGS II INC
CENTRAL INDEX KEY: 0001217782
IRS NUMBER: 351960866
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-04
FILM NUMBER: 06656868
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: LATAS DE ALUMINIO BALL INC
CENTRAL INDEX KEY: 0001217785
IRS NUMBER: 541088943
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-02
FILM NUMBER: 06656866
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 9300 WEST 108TH CIRCLE
CITY: WESTMINSTER
STATE: CO
ZIP: 80021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: EFRATOM HOLDING INC
CENTRAL INDEX KEY: 0001217786
IRS NUMBER: 311421208
STATE OF INCORPORATION: CO
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-03
FILM NUMBER: 06656867
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021 2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL PAN EUROPEAN HOLDINGS INC
CENTRAL INDEX KEY: 0001217787
IRS NUMBER: 331022314
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-08
FILM NUMBER: 06656872
BUSINESS ADDRESS:
BUSINESS PHONE: 303 469 5511
MAIL ADDRESS:
STREET 1: 14270 RAMONS AVE
CITY: CHINO`
STATE: CA
ZIP: 91710
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALL CORP
CENTRAL INDEX KEY: 0000009389
STANDARD INDUSTRIAL CLASSIFICATION: METAL CANS [3411]
IRS NUMBER: 350160610
STATE OF INCORPORATION: IN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143
FILM NUMBER: 06656879
BUSINESS ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
BUSINESS PHONE: 3034695511
MAIL ADDRESS:
STREET 1: PO BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80038-5000
FORMER COMPANY:
FORMER CONFORMED NAME: BALL BROTHERS CO
DATE OF NAME CHANGE: 19731115
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ball Aerosol & Specialty Container CORP
CENTRAL INDEX KEY: 0001354634
IRS NUMBER: 870762488
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-15
FILM NUMBER: 06656880
BUSINESS ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
BUSINESS PHONE: (303) 469-3131
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ball Delaware Holdings, LLC
CENTRAL INDEX KEY: 0001354638
IRS NUMBER: 331022314
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-14
FILM NUMBER: 06656878
BUSINESS ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
BUSINESS PHONE: (303) 469-3131
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ball Metal Food Container, LLC
CENTRAL INDEX KEY: 0001354729
IRS NUMBER: 841534521
FILING VALUES:
FORM TYPE: S-3ASR
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-132143-11
FILM NUMBER: 06656875
BUSINESS ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
BUSINESS PHONE: (303) 469-3131
MAIL ADDRESS:
STREET 1: 10 LONGS PEAK DRIVE
STREET 2: P.O. BOX 5000
CITY: BROOMFIELD
STATE: CO
ZIP: 80021-2510
S-3ASR
1
a2167926zs-3asr.htm
S-3ASR
Use these links to rapidly review the document
TABLE OF CONTENTS
As filed with the Securities and Exchange Commission on March 1, 2006.
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
BALL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Indiana
(State or Other Jurisdiction of
Incorporation or Organization) |
|
35-0160610
(I.R.S. Employer
Identification Number) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado 80021-2510
(303) 469-3131
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)
Charles E. Baker
Vice President and General Counsel
Ball Corporation
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado 80021-2510
(303) 469-3131
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
Copy to:
Charles W. Mulaney, Jr.
Skadden, Arps, Slate, Meagher & Flom LLP
333 West Wacker Drive
Chicago, Illinois 60606
(312) 407-0700
From time to time after the effective date of this Registration Statement
(Approximate Date of Commencement of Proposed Sale to the Public)
If
the only securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, check the following
box. o
If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ý
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon
filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ý
If this form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional
securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. o
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
|
|
Amount to be
Registered
|
|
Proposed
Maximum
Offering Price
per Security
|
|
Proposed
Maximum
Aggregate
Offering Price
|
|
Amount of
Registration Fee
|
|
Debt Securities |
|
|
|
|
|
|
|
|
Common Stock, without par value(2) |
|
|
|
|
|
|
|
|
Preferred Stock |
|
(1) |
Warrants |
|
|
|
|
|
|
|
|
Guarantees of the Debt Securities(3) |
|
|
|
|
|
|
|
|
- (1)
- An
indeterminate aggregate initial offering price, principal amount or number of the securities of each identified class is being registered as may from time to time be issued at
indeterminate prices or upon conversion, exchange or exercise of securities registered hereunder to the extent any such securities are, by their terms, convertible into, or exchangeable or exercisable
for, such securities. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities. In accordance with Rule 456(b)
and Rule 457(r), the Registrant is deferring payment of the entire registration fee.
- (2)
- Including
rights to acquire Series A Junior Participating Preferred Stock pursuant to the Registrant's rights plan.
- (3)
- Guarantees
of the debt securities may be issued by subsidiaries of Ball Corporation that are listed on the following page under the caption "Table of Additional Registrants." Pursuant
to Rule 457(o), no separate registration fee is payable in respect of the registration of the guarantees.
TABLE OF ADDITIONAL REGISTRANTS
Exact Name of Additional Registrants
|
|
Jurisdiction of
Incorporation
|
|
I.R.S. Employer
Identification
Number
|
Ball Aerosol and Specialty Container Corporation* |
|
Delaware |
|
87-0762488 |
Ball Aerospace & Technologies Corp.* |
|
Delaware |
|
84-1315001 |
Ball Delaware Holdings, LLC* |
|
Delaware |
|
33-1022314 |
Ball Metal Beverage Container Corp.* |
|
Colorado |
|
84-1326644 |
Ball Metal Food Container Corp.* |
|
Delaware |
|
22-2414869 |
Ball Metal Food Container, LLC* |
|
Delaware |
|
84-1534521 |
Ball Metal Packaging Sales Corp.* |
|
Colorado |
|
84-1326641 |
Ball Packaging Corp.* |
|
Colorado |
|
84-1326640 |
Ball Pan-European Holdings, Inc.
14270 Ramona Avenue
Chino, California 91710
(909) 517-2700 |
|
Delaware |
|
33-1022314 |
Ball Plastic Container Corp.* |
|
Colorado |
|
84-1326643 |
Ball Technologies Holdings Corp.* |
|
Colorado |
|
84-1220333 |
BG Holdings I, Inc.* |
|
Delaware |
|
35-1960867 |
BG Holdings II, Inc.* |
|
Delaware |
|
35-1960866 |
Efratom Holding, Inc.* |
|
Colorado |
|
31-1421208 |
Latas de Aluminio Ball, Inc.
9300 West 108th Circle
Broomfield, Colorado 80021-3682
(303) 469-5511 |
|
Delaware |
|
54-1088943 |
Metal Packaging International, Inc.* |
|
Colorado |
|
84-1111796 |
- *
- Address
and telephone number of principal executive offices are the same as those of Ball Corporation.
PROSPECTUS
Ball Corporation
Debt Securities
Common Stock
Preferred Stock
Warrants
Ball Corporation may offer, from time to time, debt securities, common stock, preferred stock or warrants. In addition, selling shareholders to be
named in a prospectus supplement may offer, from time to time, shares of Ball Corporation common stock.
We
will provide the specific terms of any offering and the offered securities in supplements to this prospectus. Any prospectus supplement may also add, update or change information
contained in this
prospectus. You should read this prospectus and the accompanying prospectus supplement carefully before you make your investment decision.
We
may sell the securities to or through underwriters, and also to other purchasers or through agents. The names of the underwriters will be stated in the prospectus supplements and
other offering material. We may also sell securities directly to investors.
This
prospectus may not be used to sell securities unless accompanied by a prospectus supplement which will describe the method and terms of the related offering.
Our
common stock is listed on the New York Stock Exchange, the Chicago Stock Exchange and the Pacific Exchange under the symbol "BLL." Each prospectus supplement will indicate if the
securities offered thereby will be listed on any securities exchange.
Neither the Securities and Exchange Commission nor any other state securities commission has approved or disapproved of these securities or passed upon the
accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The
date of this prospectus is March 1, 2006
TABLE OF CONTENTS
i
ABOUT THIS PROSPECTUS
Unless otherwise stated or the context otherwise requires, references in this prospectus to "we," "our," "us" or similar references are to Ball Corporation and
its consolidated subsidiaries.
This
prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, or the SEC, using a "shelf" registration process. Under this shelf
registration process, (1) Ball Corporation may, from time to time, sell any combination of debt securities, common stock, preferred stock or warrants, as described in this prospectus, in one or
more offerings and (2) selling shareholders to be named in a prospectus supplement may, from time to time, sell common stock in one or more offerings. This prospectus provides you with a
general description of the securities that Ball Corporation may offer. Each time that securities are sold, a prospectus supplement containing specific information about the terms of that offering,
including the securities offered, will be provided. The prospectus supplement may also add, update or change information contained in this prospectus. You should read both this prospectus and any
prospectus supplement, together with the additional information described below under the headings "Where You Can Find More Information" and "Incorporation of Certain Documents by Reference."
Any
statement made in this prospectus or in a document incorporated or deemed to be incorporated by reference in this prospectus will be deemed to be modified or superseded for purposes
of this prospectus to the extent that a statement contained in this prospectus or in any other subsequently filed document that is also incorporated or deemed to be incorporated by reference in this
prospectus modifies or supersedes that statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus. See
"Incorporation of Certain Documents by Reference."
You
should assume that the information in this prospectus is accurate only as of the date of this prospectus.
WHERE YOU CAN FIND MORE INFORMATION
Ball Corporation files annual, quarterly and special reports, proxy statements and other information with the SEC. You can inspect and copy these reports, proxy
statements and other information, including the registration statement of which this prospectus is a part, at the Public Reference Room of the SEC, 100 F Street, N.E., Washington, D.C. 20549. Please
call the SEC at 1-800-SEC-0330 for further information on the operation of the public reference room. Ball Corporation's SEC filings are also available to you on
the SEC's website at http://www.sec.gov and through the New York Stock Exchange, 20 Broad Street, New York, NY 10005, on which Ball Corporation's common
stock is listed.
This
prospectus and any prospectus supplement, which form a part of the registration statement, do not contain all the information that is included in the registration statement.
You will find additional information about us in the registration statement. Any statements made in this prospectus or any prospectus supplement concerning the provisions of legal documents are not
necessarily complete and you should read the documents that are filed as exhibits to the registration statement or otherwise filed with the SEC for a more complete understanding of the document or
matter.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows the "incorporation by reference" of the information filed by us with the SEC into this prospectus, which means that important information can be
disclosed to you by referring you to those documents. Any information incorporated by reference is an important part of this prospectus, and any information that we file with the SEC and incorporate
by reference herein subsequent to the
1
date
of this prospectus will be deemed automatically to update and supersede this information. The documents listed below previously filed with the SEC are incorporated by reference herein:
-
- Our
Annual Report on Form 10-K for the fiscal year ended December 31, 2005.
-
- Our
Current Reports on Form 8-K filed with the SEC on February 15, 2006 and February 17, 2006.
-
- The
description of our common stock contained in our Registration Statement on Form 8-A filed with the SEC on November 5, 1973, including any
amendments or reports filed with the SEC for the purpose of updating such description.
-
- The
description of our Rights Agreement and Series A Junior Participating Preferred Stock contained in our Registration Statement on Form 8-A (File
No. 001-07349) filed with the SEC on August 2, 1996, as amended, including any amendments or reports filed with the SEC for the purpose of updating such description.
Whenever
after the date of this prospectus, and before the termination of the offering of the securities made under this prospectus, we file reports or documents under Sections 13(a),
13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, those reports and documents will be deemed to be incorporated by reference into this prospectus from the
time they are filed. We do not incorporate by reference any information furnished pursuant to Items 2.02 or 7.01 of Form 8-K in any future filings, unless specifically stated
otherwise.
If
you make a request for such information in writing or by telephone, we will provide you, without charge, a copy of any or all of the information incorporated by reference in this
prospectus. Any such request should be directed to:
Ball
Corporation
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado 80021-2510
(303) 469-3131
Attention: General Counsel
You
should rely only on the information contained or incorporated by reference in this prospectus and any prospectus supplement. We have not authorized anyone to provide you with
different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where the
offer or sale is not permitted.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus contains, and the documents incorporated by reference herein may contain, forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Exchange Act. These forward looking statements represent our goals and actual results or outcomes may
differ materially from those expressed or implied. Such forward-looking statements are subject to certain risks, uncertainties and assumptions that include, but are not limited to, expected earnings
and cash flows, future growth and financial performance. Forward-looking statements typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast,"
"plan," "believe" and similar terms. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may
vary materially. Some factors that could cause our actual results or outcomes to differ materially from those discussed in the forward-looking statements include, but are not limited to:
-
- fluctuation
in customer and consumer growth and demand;
2
-
- loss
of one or more major customers or suppliers or changes to contracts with one or more customers or suppliers;
-
- insufficient
production capacity;
-
- overcapacity
in foreign and domestic metal and plastic container industry production facilities and its impact on pricing and financial results;
-
- failure
to achieve anticipated productivity improvements or production cost reductions, including those associated with capital expenditures such as our beverage can end
project;
-
- changes
in climate and weather;
-
- fruit,
vegetable and fishing yields;
-
- power
and natural resource costs;
-
- difficulty
in obtaining supplies and energy, such as gas and electric power;
-
- availability
and cost of raw materials, as well as the recent significant increases in resin, steel, aluminum and energy costs, and the ability or inability to include or
pass on to customers changes in raw material costs;
-
- changes
in the pricing of the company's products and services;
-
- competition
in pricing and the possible decrease in, or loss of, sales resulting therefrom;
-
- insufficient
or reduced cash flow;
-
- transportation
costs;
-
- the
number and timing of the purchases of the company's common shares;
-
- the
German mandatory deposit or other restrictive packaging legislation such as recycling laws;
-
- interest
rates affecting our debt;
-
- labor
strikes;
-
- increases
and trends in various employee benefits and labor costs, including pension, medical and health care costs;
-
- rates
of return projected and earned on assets and discount rates used to measure future obligations and expenses of the company's defined benefit retirement plans;
-
- boycotts;
-
- antitrust,
intellectual property, consumer and other litigation;
-
- maintenance
and capital expenditures;
-
- goodwill
impairment;
-
- the
effect of LIFO accounting on earnings;
-
- the
authorization, funding, availability and returns of contracts for the aerospace and technologies segment and the nature and continuation of those contracts and related
services provided thereunder;
-
- delays,
extensions and technical uncertainties, as well as schedules of performance associated with such segment contracts;
-
- international
business and market risks such as the devaluation or revaluation of certain currencies and the activities of foreign subsidiaries;
3
-
- international
business risks (including foreign exchange rates and activities of foreign subsidiaries) in Europe and particularly in developing countries such as the
People's Republic of China and Brazil;
-
- changes
in the foreign exchange rates of the U.S. dollar against the European euro, British pound, Polish zloty, Serbian dinar, Hong Kong dollar, Canadian dollar, Chinese
renminbi and Brazilian real and in the foreign exchange rate of the European euro against the British pound, Polish zloty and Serbian dinar;
-
- terrorist
activity or war that disrupts the company's production, sales or supply;
-
- regulatory
action or laws including tax, environmental and workplace safety;
-
- technological
developments and innovations;
-
- successful
or unsuccessful acquisitions, joint ventures or divestitures and the integration activities associated therewith;
-
- changes
to unaudited results due to statutory audits of our financial statements or management's evaluation of the company's internal controls over financial reporting;
-
- loss
contingencies related to income and other tax matters, including those arising from audits performed by U.S. and foreign tax authorities; and
-
- other
risks detailed in our filings with the SEC.
If
we are unable to achieve our goals, then our actual performance could vary materially from the goals we have expressed or implied in these forward-looking statements. Except as
required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, we undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
4
BALL CORPORATION
We are a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to
governmental and commercial customers.
Ball
Corporation was organized in 1880 and incorporated in Indiana in 1922. Ball Corporation's principal executive offices are located at 10 Longs Peak Drive, P.O. Box 5000,
Broomfield, Colorado 80021-2510, and its telephone number is (303) 469-3131.
You
can get more information regarding our business by reading our Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and the other reports
we file with the SEC. See "Where You Can Find More Information" and "Incorporation of Certain Documents by Reference."
USE OF PROCEEDS
We intend to use the net proceeds from the sales of the securities as set forth in the applicable prospectus supplement.
DESCRIPTION OF DEBT SECURITIES AND GUARANTEES
We may offer secured or unsecured debt securities, which may be convertible. Our debt securities and any related guarantees will be issued under an indenture to
be entered into between us and The Bank of New York. The debt securities will be structurally subordinated to all existing and future liabilities, including trade payables, of our subsidiaries that do
not guarantee the debt securities, and the claims of creditors of those subsidiaries, including trade creditors, will have priority as to the assets and cash flows of those subsidiaries.
We
have summarized certain general features of the debt securities from the indenture. A form of indenture is attached as an exhibit to the registration statement of which this
prospectus forms a part. The following description of the terms of the debt securities and the guarantees sets forth certain general terms and provisions. The particular terms of the debt securities
and guarantees offered by any prospectus supplement and the extent, if any, to which such general provisions may apply to the debt securities and guarantees will be described in the related prospectus
supplement. Accordingly, for a description of the terms of a particular issue of debt securities, reference must be made to both the related prospectus supplement and to the following description.
General
The aggregate principal amount of debt securities that may be issued under the indenture is unlimited. The debt securities may be issued in one or more series as
may be authorized from time to time.
Reference
is made to the applicable prospectus supplement for the following terms of the debt securities (if applicable):
-
- title
and aggregate principal amount;
-
- whether
the securities will be senior or subordinated;
-
- applicable
subordination provisions, if any;
-
- whether
securities issued by us will be entitled to the benefits of the guarantees or any other form of guarantee;
-
- conversion
or exchange into other securities;
-
- whether
securities issued by us will be secured or unsecured, and if secured, what the collateral will consist of;
5
-
- percentage
or percentages of principal amount at which such securities will be issued;
-
- maturity
date(s);
-
- interest
rate(s) or the method for determining the interest rate(s);
-
- dates
on which interest will accrue or the method for determining dates on which interest will accrue and dates on which interest will be payable;
-
- redemption
(including upon a "change of control") or early repayment provisions;
-
- authorized
denominations;
-
- form;
-
- amount
of discount or premium, if any, with which such securities will be issued;
-
- whether
such securities will be issued in whole or in part in the form of one or more global securities;
-
- identity
of the depositary for global securities;
-
- whether
a temporary security is to be issued with respect to such series and whether any interest payable prior to the issuance of definitive securities of the series will
be credited to the account of the persons entitled thereto;
-
- the
terms upon which beneficial interests in a temporary global security may be exchanged in whole or in part for beneficial interests in a definitive global security or for
individual definitive securities;
-
- conversion
or exchange features;
-
- any
covenants applicable to the particular debt securities being issued;
-
- any
defaults and events of default applicable to the particular debt securities being issued;
-
- currency,
currencies or currency units in which the purchase price for, the principal of and any premium and any interest on, such securities will be payable;
-
- time
period within which, the manner in which and the terms and conditions upon which the purchaser of the securities can select the payment currency;
-
- securities
exchange(s) on which the securities will be listed, if any;
-
- whether
any underwriter(s) will act as market maker(s) for the securities;
-
- extent
to which a secondary market for the securities is expected to develop;
-
- additions
to or changes in the events of default with respect to the securities and any change in the right of the trustee or the holders to declare the principal, premium
and interest with respect to such securities to be due and payable;
-
- provisions
relating to covenant defeasance and legal defeasance;
-
- provisions
relating to satisfaction and discharge of the indenture;
-
- provisions
relating to the modification of the indenture both with and without the consent of holders of debt securities issued under the indenture; and
-
- additional
terms not inconsistent with the provisions of the indenture.
One
or more series of debt securities may be sold at a substantial discount below their stated principal amount, bearing no interest or interest at a rate which at the time of issuance
is below market
6
rates.
One or more series of debt securities may be variable rate debt securities that may be exchanged for fixed rate debt securities.
United
States federal income tax consequences and special considerations, if any, applicable to any such series will be described in the applicable prospectus supplement.
Debt
securities may be issued where the amount of principal and/or interest payable is determined by reference to one or more currency exchange rates, commodity prices, equity indices or
other factors. Holders of such securities may receive a principal amount or a payment of interest that is greater than or less than the amount of principal or interest otherwise payable on such dates,
depending upon the value of the applicable currencies, commodities, equity indices or other factors. Information as to the methods for determining the amount of principal or interest, if any, payable
on any date, the currencies, commodities, equity indices or other factors to which the amount payable on such date is linked and certain additional United States federal income tax considerations will
be set forth in the applicable prospectus supplement.
The
term "debt securities" includes debt securities denominated in U.S. dollars or, if specified in the applicable prospectus supplement, in any other freely transferable currency or
units based on or relating to foreign currencies.
We
expect most debt securities to be issued in fully registered form without coupons and in denominations of $1,000 or $5,000 and any integral multiples thereof. Subject to the
limitations
provided in the indenture and in the prospectus supplement, debt securities that are issued in registered form may be transferred or exchanged at the office of the trustee maintained in the Borough of
Manhattan, The City of New York or the principal corporate trust office of the trustee, without the payment of any service charge, other than any tax or other governmental charge payable in connection
therewith.
Guarantees
Any debt securities may be guaranteed by one or more of our direct or indirect subsidiaries. Each prospectus supplement will describe any guarantees for the
benefit of the series of debt securities to which it relates, including required financial information of the subsidiary guarantors, as applicable.
Global Securities
The debt securities of a series may be issued in whole or in part in the form of one or more global securities that will be deposited with, or on behalf of, a
depositary (the "depositary") identified in the prospectus supplement. Global securities will be issued in registered form and in either temporary or definitive form. Unless and until it is exchanged
in whole or in part for the individual debt securities, a global security may not be transferred except as a whole by the depositary for such global security to a nominee of such depositary or by a
nominee of such depositary to such depositary or another nominee of such depositary or by such depositary or any such nominee to a successor of such depositary or a nominee of such successor. The
specific terms of the depositary arrangement with respect to any debt securities of a series and the rights of and limitations upon owners of beneficial interests in a global security will be
described in the applicable prospectus supplement.
Governing Law
The indenture, the debt securities and the guarantees shall be construed in accordance with and governed by the laws of the State of New York, without giving
effect to the principles thereof relating to conflicts of law.
7
DESCRIPTION OF CAPITAL STOCK
The following is a description of the material terms of our amended articles of incorporation and our bylaws and of certain provisions of
Indiana law. The following summary does not purport to be complete and is qualified in its entirety by reference to our amended articles of incorporation and our bylaws, copies of which are
incorporated by reference as exhibits to the registration statement of which this prospectus forms a part, and the relevant provisions of Indiana law.
General
Our authorized capital structure consists of:
-
- 550,000,000
shares of common stock, without par value; and
-
- 15,000,000
shares of preferred stock, without par value, including 120,000 authorized shares of Series A Junior Participating Preferred Stock.
As
of February 24, 2006, there were 104,420,941 shares of common stock and no shares of preferred stock issued and outstanding.
Common Stock
The holders of our common stock are entitled to one vote for each share held of record on each matter submitted to a vote of shareholders, including the election
of directors, and do not have any right to cumulate votes in the election of directors.
Subject to the rights and preferences of the holders of any series of preferred stock which may at the time be outstanding, holders of our common stock are
entitled to such dividends as our board of directors may declare out of funds legally available.
In the event of any liquidation, dissolution or winding-up of our affairs, after payment of all of our debts and liabilities and subject to the rights
and preferences of the holders of any series of our preferred stock, the holders of our common stock will be entitled to receive the distribution of any of our remaining assets.
Holders of our common stock have no conversion, preemptive or other subscription rights and there are no redemption rights or sinking fund provisions with respect
to the common stock.
Preferred Stock
We are authorized to issue up to 15,000,000 shares of preferred stock in one or more series. Our amended articles of incorporation authorize our board of
directors to determine and state the designations and the relative rights (including, if any, conversion rights, participation rights, voting rights, dividend rights and stated, redemption and
liquidation values), preferences, limitations and restrictions of each unissued series. All shares of preferred stock of the same series must be identical with each other in all respects. Our board
may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our common stock.
8
When
we issue preferred stock, we will provide specific information about the particular class or series being offered in a prospectus supplement. This information will include some or
all of the following:
-
- the
title or designation of the series;
-
- the
number of shares to be included in the series;
-
- whether
dividends, if any, will be cumulative or noncumulative and the dividend rate of the series;
-
- the
conditions upon which and the dates at which dividends, if any, will be payable, and the relation that such dividends, if any, will bear to the dividends payable on any
other class or classes of stock;
-
- the
redemption rights and price or prices, if any, for shares of the series and at whose option such redemption may occur, and any limitations, restrictions or conditions on
such redemption;
-
- the
terms and amounts of any sinking fund provided for the purchase or redemption of shares of the series;
-
- the
amounts payable on and the preferences, if any, of shares of the series, in the event of any voluntary or involuntary liquidation, dissolution or winding up of the
affairs of Ball Corporation;
-
- whether
the preferred stock being offered will be listed on any securities exchange;
-
- if
necessary, a discussion of certain federal income tax considerations applicable to the preferred stock being offered;
-
- the
voting rights, in addition to the voting rights provided by law, if any, of the holders of shares of such series; and
-
- any
other relative rights, preferences, limitations and powers not inconsistent with applicable law or our articles of incorporation or our bylaws then in effect.
Upon
issuance, the shares of preferred stock will be fully paid and nonassessable, which means that its holders will have paid their purchase price in full and we may not require them to
pay additional funds.
Certain Anti-Takeover Matters
Certain provisions of our amended articles of incorporation and our bylaws, as well as certain provisions of the Indiana Business Corporation Law, may have the
effect of encouraging persons considering unsolicited tender offers or other unilateral takeover proposals to negotiate with our board of directors rather than pursue non-negotiated
takeover attempts. These provisions include:
Our amended articles of incorporation and bylaws provide for a board of directors consisting of ten members, divided into three classes, as nearly equal in number
as possible, with directors serving staggered three-year terms. Subject to the right of holders of any series of preferred stock to elect directors, shareholders elect one class
constituting approximately one-third of the board of directors for a three-year term at each annual meeting of shareholders. As a result, at least two annual meetings of
shareholders may be required for the shareholders to change a majority of the board of directors. The classification of directors makes it more difficult to change the composition of the board of
directors and instead promotes a continuity of existing management.
9
Our amended articles of incorporation provide that, subject to the right of holders of any series of preferred stock to elect directors, any director may be
removed from office, but only for cause and only by the affirmative vote of the holders of at least 75% of the combined voting power of the outstanding shares of our capital stock entitled to vote
generally in the election of directors. Our amended articles of incorporation also provide that, subject to the right of holders of any series of preferred stock to elect directors, any newly created
directorships resulting from an increase in the number of directors and any vacancy on the board shall be filled by the affirmative vote of a majority of the remaining directors then in office, even
though less than a quorum. Any director elected in accordance with the preceding sentence will hold office for the remainder of the full term of the class of directors in which the new directorship
was created or the vacancy occurred and until such director's successor shall have been elected and qualified. No decrease in the number of directors constituting the board of directors shall shorten
the term of any incumbent director.
The
director removal and vacancy provisions restrict the ability of a third party to remove incumbent directors and simultaneously gain control of the board of directors by filling the
vacancies created by removal with its own nominees.
Our bylaws set forth advance notice procedures with regard to shareholder proposals relating to the nomination of candidates for election as directors or new
business to be presented at meetings of shareholders. These procedures provide that notice of such shareholder proposals must be given timely in proper written form to the Secretary of Ball
Corporation prior to the meeting at which the action is to be taken. Generally, to be timely, notice must be received at our principal executive offices not less than 90 days nor more than
120 days prior to the meeting. To be in proper written form, the notice must contain the information required by our bylaws, including information regarding the proposal and the proponent. The
advance notice requirements may have the effect of discouraging a potential acquiror from conducting a proxy contest to elect directors or otherwise attempting to influence or gain control of our
company.
Our bylaws do not grant shareholders the right to call a special meeting of shareholders. Under our bylaws, special meetings of shareholders may be called only by
our chairman of the board or by the board of directors or as otherwise may be required by law.
In order to approve certain business combination transactions involving related parties, our amended articles of incorporation require the affirmative vote of the
holders of at least 75% of the then outstanding shares of our capital stock entitled to vote generally in the election of directors. These related party business combination transactions include:
-
- any
merger or consolidation of us or any of our subsidiaries with (1) any related party or (2) any other person or entity who or which is, or after such merger
or consolidation would be, an affiliate or associate of the related party;
-
- any
sale, lease, exchange, mortgage, pledge, transfer or other disposition to any related party or an affiliate or associate of a related party of any assets of ours or any
of our subsidiaries having an aggregate fair market value of $10,000,000 or more;
-
- any
issuance or transfer by us or any of our subsidiaries of any securities having an aggregate fair market value of $10,000,000 or more of ours or any of our subsidiaries'
to any related party
10
A
related party is a person or entity who or which (1) is the beneficial owner of more than 10% of the voting power of our outstanding capital stock entitled to vote generally in
the election of directors; or (2) is one of our affiliates or associates and at any time within the two-year period immediately prior to the date in question was the beneficial
owner of 10% or more of the voting power of our outstanding capital stock entitled to vote generally in the election of directors; or (3) is an assignee of or has otherwise succeeded to any
shares of our voting stock that were at any time within the two-year period immediately prior to the date in question beneficially owned by any related party, if such assignment or
succession shall have occurred in the course of a transaction not involving a public offering within the meaning of the Securities Act.
The
supermajority voting requirement does not apply, however, if:
-
- the
related party business combination transaction is approved by a majority of directors who are unaffiliated with the related party and who were directors before such
person or entity became a related party; or
-
- specified
price, form of consideration and procedural requirements have been met.
Our amended articles of incorporation require the affirmative vote of the holders of at least 75% of the voting power of the outstanding shares of our capital
stock entitled to vote generally in the election of directors to alter, amend, repeal or adopt any provision inconsistent with certain provisions of our amended articles of incorporation, including
those described above. Our bylaws may be altered, added to, amended or repealed only by our board of directors. Shareholders do not have this authority.
On January 24, 1996, our board of directors declared a dividend of one right for each outstanding share of our common stock to shareholders of record at
the close of business on August 4, 1996 and the attachment of one right for each subsequently issued share of common stock. Subject to adjustment, each right entitles the holder to purchase one
one-thousandth of a share of Series A Junior Participating Preferred Stock at an exercise price of $130 per right. The description and terms of the rights are set forth in a Rights
Agreement, dated as of January 24, 1996, between us and Computershare Trust Company, as successor rights agent, as amended.
Generally,
if a person or group acquires 15% or more of our outstanding common stock (or upon occurrence of certain other events), the rights (other than those held by the acquiring
person) become exercisable and generally entitle the holder to purchase shares of our common stock at a 50% discount. The rights, which expire in August 2006, are redeemable by us at a
redemption price of $0.01 per right.
11
As
a result of our stock splits, which were distributed in February 2002 and August 2004, each right attaching to a share has automatically split so that
one-quarter of a right is currently attached to each outstanding share of our common stock.
The
rights have certain anti-takeover effects. The rights will cause substantial dilution to a person or group that attempts to acquire our company in certain circumstances.
Accordingly, the existence of the rights may deter certain acquirors from making takeover proposals or tender offers. However, the rights are not intended to prevent a takeover, but rather are
designed to enhance the ability of the board of directors to negotiate with a potential acquiror on behalf of all of the shareholders.
We are subject to Chapter 43, the Business Combinations Chapter, of the Indiana Business Corporation Law. Our bylaws provide that Chapter 42, the Control Share
Acquisition Chapter, of the Indiana Business Corporation Law shall not apply to control share acquisitions of shares of our capital stock.
Subject
to exceptions set forth in the Business Combinations Chapter, that Chapter prohibits an Indiana corporation from engaging in certain business combination transactions, including
transactions similar to the related party business combination transactions described above, with any interested shareholder for a period of five years following the date that the shareholder first
became an interested shareholder, unless the business combination or the purchase of shares made by the interested shareholder on such date is approved by the board of directors of the corporation
prior to such date. If prior approval of the board of directors is not obtained, several price and procedural requirements must be met before the business combination may be completed.
In
general, the Business Combinations Chapter defines an interested shareholder as any person who or which (1) is the beneficial owner of 10% or more of the voting power of the
outstanding voting shares of the corporation or (2) is an affiliate or associate of the corporation and at any time within the five
year period immediately before the date in question was the beneficial owner of 10% or more of the voting power of the then outstanding shares of the corporation.
Transfer Agent
The transfer agent and registrar for our common stock is Computershare Trust Company.
12
DESCRIPTION OF WARRANTS
We may issue warrants to purchase debt securities, preferred stock or common stock, collectively, the underlying warrant securities, and such warrants may be
issued independently or together with any such underlying warrant securities and may be attached to or separate from such underlying warrant securities. Each series of warrants will be issued under a
separate warrant agreement to be entered into between us and a warrant agent. The warrant agent will act solely as our agent in connection with the warrants of such series and will not assume any
obligation or relationship of agency for or with holders or beneficial owners of warrants.
The
applicable prospectus supplement will describe the specific terms of any warrants offered thereby, including:
-
- the
title or designation of such warrants;
-
- the
aggregate number of such warrants;
-
- the
price or prices at which such warrants will be issued;
-
- the
currency or currencies, including composite currencies or currency units, in which the exercise price of such warrants may be payable;
-
- the
designation, aggregate principal amount and terms of the underlying warrant securities purchasable upon exercise of such warrants, and the procedures and conditions
relating to the exercise of the warrant securities;
-
- the
price at which the underlying warrant securities purchasable upon exercise of such warrants may be purchased;
-
- the
date on which the right to exercise such warrants shall commence and the date on which such right shall expire;
-
- whether
such warrants will be issued in registered form or bearer form;
-
- if
applicable, the minimum or maximum amount of such warrants which may be exercised at any one time;
-
- if
applicable, the designation and terms of the underlying warrant securities with which such warrants are issued and the number of such warrants issued with each such
underlying warrant security;
-
- if
applicable, the currency or currencies, including composite currencies or currency units, in which any principal, premium, if any, or interest on the underlying warrant
securities purchasable upon exercise of the warrant will be payable;
-
- if
applicable, the date on and after which such warrants and the related underlying warrant securities will be separately transferable;
-
- information
with respect to book-entry procedures, if any;
-
- if
necessary, a discussion of certain federal income tax considerations; and
-
- any
other terms of such warrants, including terms, procedures and limitations relating to the exchange and exercise of such warrants.
LEGAL MATTERS
Certain legal matters will be passed on for us by Skadden, Arps, Slate, Meagher & Flom LLP, Chicago, Illinois. Certain matters of Colorado law will be
passed on by Charles E. Baker, Vice President and General Counsel of Ball Corporation, and certain matters of Indiana law will be passed
13
on
by Robert W. McClelland, Assistant General Counsel of Ball Corporation. Additional legal matters may be passed on for us, or any underwriters, dealers or agents, by counsel which we will name in
the applicable prospectus supplement.
EXPERTS
The financial statements and management's assessment of the effectiveness of internal control over financial reporting (which is included in Management's Report
on Internal Control over Financial Reporting) incorporated in this Prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2005 have been so
incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
14
PART II
Information Not Required in Prospectus
Item 14. Other Expenses of Issuance and Distribution
The following table sets forth the estimated expenses relating to the issuance and distribution of the securities being registered, other than underwriting
discounts and commissions, to be paid by the registrant.
|
|
Amount to
be Paid
|
SEC registration fee |
|
* |
Trustee's fees and expenses |
|
50,000 |
Printing and engraving fees and expenses |
|
100,000 |
Accounting fees and expenses |
|
400,000 |
Legal fees and expenses |
|
300,000 |
Rating agency fees |
|
75,000 |
Miscellaneous |
|
75,000 |
|
|
|
|
Total |
|
1,000,000 |
|
|
|
- *
- To
be deferred pursuant to Rule 456(b) and calculated in connection with an offering of securities under this registration statement pursuant to Rule 457(r) under the
Securities Act of 1933, as amended.
Item 15. Indemnification of Directors and Officers
The following summary is qualified in its entirety by reference to the complete text of the statute, the amended articles of incorporation and the bylaws referred
to below.
Ball
Corporation is empowered by Chapter 37 of the Indiana Business Corporation Law (the "IBCL"), subject to the procedures and limitations therein, to indemnify any
person against expenses (including attorneys' fees) and the obligation to pay a judgment, settlement, penalty, fine or reasonable expenses incurred with respect to a threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal, in which such person is made a party because such person is or was a director,
officer, employee or agent of Ball Corporation if his or her conduct was in good faith and he or she reasonably believed that, if acting in the individual's official capacity, the conduct was in the
best interests of the corporation and in all other cases, the conduct was not opposed to the corporation's best interests. In the case of any criminal proceeding, Ball Corporation is empowered to
indemnify a person if he or she had reasonable cause to believe the conduct was lawful or had no reasonable cause to believe the conduct was unlawful. The statute provides that indemnification
pursuant to its provisions is not exclusive of other rights of indemnification to which a person may be entitled under a corporation's articles of incorporation or bylaws, resolution of the board of
directors or of the shareholders, or otherwise. In addition, unless limited by its articles of incorporation, a corporation shall indemnify a director or officer who was wholly successful, on the
merits or otherwise, in the defense of any proceeding to which the director or officer was a party because he or she is or was a director or officer of the corporation against reasonable expenses
incurred by him or her in connection with the proceeding. A corporation has the power to purchase and maintain insurance on behalf of any of the persons described above against any liability asserted
against or incurred by such person in any of the capacities described above, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such
person against such liability under the IBCL.
II-1
Article XII,
Section B of Ball Corporation's amended articles of incorporation obligates Ball Corporation to indemnify any person in connection with any liability arising
by reason of such person's status as a past or present director, officer or employee of Ball Corporation or of any other enterprise which he or she is serving or served in any capacity at the request
of Ball Corporation if such person is determined to have met the standard of conduct specified in Section 8 of Chapter 37 of the IBCL; provided, however, there shall be no indemnification
(a) as to amounts paid or payable to Ball Corporation or such other enterprise for or based upon the person having gained in fact any personal profit or advantage to which he or she was not
legally entitled; (b) as to amounts paid or payable to Ball Corporation for an accounting of profits in fact made from the purchase or sale of securities of Ball Corporation within the meaning
of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law; or (c) with respect to matters as to which
indemnification would be in contravention of the laws of the State of Indiana or of the United States of America whether as a matter of public policy or pursuant to statutory provisions. In addition,
any person who has been wholly successful with respect to any proceeding of the type described above is entitled to indemnification as of right.
Article 5,
Section A of Ball Corporation's bylaws provides that Ball Corporation shall indemnify any person made a party to a proceeding because he is or was a director or
officer of the corporation against liability incurred in connection with a proceeding to the fullest extent permitted by the IBCL. The termination of a proceeding by judgment, order, settlement, or
conviction, or upon plea of nolo contendere or its equivalent is not, of itself, determinative that the director or officer did not meet the standard of conduct set forth in the IBCL. The bylaws
additionally provide that any person who has
been wholly successful with respect to any proceeding of the type described above is entitled to indemnification as of right.
The
directors and officers of Ball Corporation and its subsidiaries are insured (subject to certain exceptions and deductions) against liabilities which they may incur in their capacity
as such, including liabilities under the Securities Act, under liability insurance policies maintained by Ball Corporation.
Item 16. Exhibits
The following documents are exhibits to this registration statement.
Exhibit
Number
|
|
Description
|
1.1 |
|
Form of underwriting agreement with respect to debt securities, common stock, preferred stock and warrants.* |
4.1 |
|
Form of Indenture, to be entered into between Ball Corporation and The Bank of New York, as trustee. |
4.2 |
|
Form of debt securities.* |
4.3 |
|
Specimen Certificate of Common Stock (incorporation by reference to Ball Corporation's Annual Report on Form 10-K for the year ended December 31, 1979), filed with the SEC on March 24, 1980. |
4.4 |
|
Specimen of certificate representing preferred stock.* |
5.1 |
|
Opinion of Charles E. Baker. |
5.2 |
|
Opinion of Robert W. McClelland. |
5.3 |
|
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. |
23.1 |
|
Consent of PricewaterhouseCoopers LLP. |
23.2 |
|
Consent of Charles E. Baker (included in Exhibit 5.1). |
|
|
|
II-2
23.3 |
|
Consent of Robert W. McClelland (included in Exhibit 5.2). |
23.4 |
|
Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.3). |
24.1 |
|
Powers of Attorney (included on signature pages to the registration statement). |
25.1 |
|
Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of The Bank of New York, as trustee under the Indenture. |
- *
- To
be filed by an amendment or as an exhibit to a document filed under the Securities Exchange Act of 1934, as amended, and incorporated by reference herein.
Item 17. Undertakings
The undersigned registrant hereby undertakes:
(a) To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) to
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) to
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering
range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent
change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
(iii) to
include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement;
provided, however, that paragraphs (i), (ii) and (iii) above do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the
registration statement.
(b) That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering.
(d) That,
for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
(i) Each
prospectus filed by a registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was
deemed part of and included in the registration statement; and
II-3
(ii) Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to
an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be
deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of
securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be
deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which the prospectus relates, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof;
provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document
incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior
to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately
prior to such effective date.
(e) That,
for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the
registrant undertakes that in a primary offering of securities of the registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the registrant will be a seller to the purchaser and will be considered to offer or
sell such securities to such purchaser:
(i) Any
preliminary prospectus or prospectus of the registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any
free writing prospectus relating to the offering prepared by or on behalf of the registrant or used or referred to by the registrant;
(iii) The
portion of any other free writing prospectus relating to the offering containing material information about an undersigned registrant or its securities provided by
or on behalf of an undersigned registrant; and
(iv) Any
other communication that is an offer in the offering made by an undersigned registrant to the purchaser.
(f) That,
for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d)
of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(g) To
file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act
in accordance with the rules and regulations prescribed by the Commission under Section 305(b)(2) of the Trust Indenture Act.
(h) Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of
II-4
1933
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, that the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.
II-5
SIGNATURES
Pursuant to the requirements of the Securities Act, Ball Corporation certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of
Colorado, on March 1, 2006.
|
|
BALL CORPORATION |
|
|
By: |
|
/s/ R. DAVID HOOVER R. David Hoover Chairman, President and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman, President and Chief Executive Officer (principal executive officer) |
/s/ RAYMOND J. SEABROOK Raymond J. Seabrook |
|
Sr. Vice President and Chief Financial Officer (principal financial officer) |
/s/ DOUGLAS K. BRADFORD Douglas K. Bradford |
|
Vice President and Controller (principal accounting officer) |
/s/ HOWARD M. DEAN Howard M. Dean |
|
Director |
|
|
|
II-6
/s/ HANNO C. FIEDLER Hanno C. Fiedler |
|
Director |
/s/ JOHN F. LEHMAN John F. Lehman |
|
Director |
/s/ JAN NICHOLSON Jan Nicholson |
|
Director |
/s/ GEORGE A. SISSEL George A. Sissel |
|
Director |
/s/ GEORGE M. SMART George M. Smart |
|
Director |
/s/ THEODORE M. SOLSO Theodore M. Solso |
|
Director |
/s/ STUART A. TAYLOR II Stuart A. Taylor II |
|
Director |
/s/ ERIK H. VAN DER KAAY Erik H. van der Kaay |
|
Director |
II-7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Aerosol and Specialty Container Corporation, a Delaware corporation, has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL AEROSOL AND SPECIALTY CONTAINER CORPORATION |
|
|
By: |
|
/s/ R. DAVID HOOVER R. David Hoover Chairman and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman, President and Chief Executive Officer (principal executive officer) |
/s/ RAYMOND J. SEABROOK Raymond J. Seabrook |
|
Vice President (principal financial officer) |
/s/ DOUGLAS K. BRADFORD Douglas K. Bradford |
|
Vice President (principal accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Director |
II-8
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Aerospace & Technologies Corp., a Delaware corporation, has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL AEROSPACE & TECHNOLOGIES CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1, 2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman |
/s/ DAVID L. TAYLOR David L. Taylor |
|
President and Chief Executive Officer and Director (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ CHARLES E. BAKER Charles E. Baker |
|
Director |
II-9
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Delaware Holdings, LLC, a Delaware limited liability company, has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL DELAWARE HOLDINGS, LLC |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President, Treasurer and Manager |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ RAYMOND J. SEABROOK Raymond J. Seabrook |
|
President and Manager (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President, Treasurer and Manager (principal financial officer) |
/s/ DOUGLAS K. BRADFORD Douglas K. Bradford |
|
Vice President, Controller and Manager (principal accounting officer) |
/s/ CHARLES E. BAKER Charles E. Baker |
|
Manager |
II-10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Metal Beverage Container Corp., a Colorado corporation, has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL METAL BEVERAGE CONTAINER CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Vice Chairman and Chief Operating Officer |
II-11
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Metal Food Container Corp., a Delaware corporation, has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL METAL FOOD CONTAINER CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Vice Chairman and Chief Operating Officer |
II-12
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Metal Food Container, LLC, a Delaware limited liability company, has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL METAL FOOD CONTAINER, LLC |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Treasurer and Manager |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ BRIAN M. CARDNO Brian M. Cardno |
|
President and Manager (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Treasurer and Manager (principal financial and accounting officer) |
/s/ CHARLES E. BAKER Charles E. Baker |
|
Secretary and Manager |
/s/ TERRY D. DAVIS Terry D. Davis |
|
General Manager and Manager |
|
|
|
II-13
/s/ RAYMOND J. SEABROOK Raymond J. Seabrook |
|
Manager |
/s/ DENNIS L. WOLF Dennis L. Wolf |
|
Controller and Manager |
II-14
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Metal Packaging Sales Corp., a Colorado corporation, has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL METAL PACKAGING SALES CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
President, Chief Operating Officer and Director |
II-15
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Packaging Corp., a Colorado corporation, has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL PACKAGING CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Vice Chairman and Chief Operating Officer |
II-16
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Pan-European Holdings, Inc., a Delaware corporation, has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL PAN-EUROPEAN HOLDINGS, INC. |
|
|
By: |
|
/s/ CHARLES E. BAKER Charles E. Baker Assistant Secretary |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ JEFF PRICHARD Jeff Prichard |
|
President and Director (principal executive officer) |
/s/ FRANK WEEKERS Frank Weekers |
|
Treasurer (principal financial and accounting officer) |
/s/ R. DAVID HOOVER R. David Hoover |
|
Director |
II-17
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Plastic Container Corp., a Colorado corporation, has duly caused this Registration Statement to
be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL PLASTIC CONTAINER CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Vice Chairman and Chief Operating Officer |
II-18
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Ball Technologies Holdings Corp., a Colorado corporation, has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BALL TECHNOLOGIES HOLDINGS CORP. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ DAVID L. TAYLOR David L. Taylor |
|
President and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ R. DAVID HOOVER R. David Hoover |
|
Director |
II-19
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, BG Holdings I, Inc., a Delaware corporation, has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BG HOLDINGS I, INC. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
President and Director (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
II-20
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, BG Holdings II, Inc., a Delaware corporation, has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
BG HOLDINGS II, INC. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
President and Director (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
II-21
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Efratom Holding, Inc., a Colorado corporation, has duly caused this Registration Statement to
be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
EFRATOM HOLDING, INC. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ DAVID L. TAYLOR David L. Taylor |
|
President, Chief Executive Officer and Director (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ R. DAVID HOOVER R. David Hoover |
|
Director |
II-22
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Latas de Aluminio Ball, Inc., a Delaware corporation, has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
LATAS DE ALUMINIO BALL, INC. |
|
|
By: |
|
/s/ SCOTT C. MORRISON Scott C. Morrison Vice President and Treasurer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ R. DAVID HOOVER R. David Hoover |
|
Chairman and Chief Executive Officer (principal executive officer) |
/s/ SCOTT C. MORRISON Scott C. Morrison |
|
Vice President and Treasurer (principal financial and accounting officer) |
/s/ CHARLES E. BAKER Charles E. Baker |
|
Director |
|
|
|
II-23
/s/ JOHN R. FRIEDERY John R. Friedery |
|
Vice Chairman and Chief Operating Officer |
/s/ RAYMOND J. SEABROOK Raymond J. Seabrook |
|
Director |
II-24
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Metal Packaging International, Inc., a Colorado corporation, has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Broomfield, state of Colorado, on March 1, 2006.
|
|
METAL PACKAGING INTERNATIONAL, INC. |
|
|
By: |
|
/s/ CHARLES E. BAKER Charles E. Baker Secretary |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles E. Baker, R. David Hoover and Raymond J.
Seabrook, and each of them, his or her true and lawful attorney-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. This power of attorney may be executed in counterparts.
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on March 1,
2006.
Signature
|
|
Title
|
|
|
|
/s/ JOHN R. FRIEDERY John R. Friedery |
|
President and Director (principal executive officer) |
/s/ CHARLES SANDS Charles Sands |
|
Treasurer (principal financial and accounting officer) |
/s/ JOHN HAYES John Hayes |
|
Vice President and Director |
II-25
INDEX TO EXHIBITS
Exhibit
Number
|
|
Description
|
1.1 |
|
Form of underwriting agreement with respect to debt securities, common stock, preferred stock and warrants.* |
4.1 |
|
Form of Indenture, to be entered into between Ball Corporation and The Bank of New York, as trustee. |
4.2 |
|
Form of debt securities.* |
4.3 |
|
Specimen Certificate of Common Stock (incorporation by reference to Ball Corporation's Annual Report on Form 10-K for the year ended December 31, 1979), filed with the SEC on March 24, 1980. |
4.4 |
|
Specimen of certificate representing preferred stock.* |
5.1 |
|
Opinion of Charles E. Baker. |
5.2 |
|
Opinion of Robert W. McClelland. |
5.3 |
|
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. |
23.1 |
|
Consent of PricewaterhouseCoopers LLP. |
23.2 |
|
Consent of Charles E. Baker (included in Exhibit 5.1). |
23.3 |
|
Consent of Robert W. McClelland (included in Exhibit 5.2). |
23.4 |
|
Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.3). |
24.1 |
|
Powers of Attorney (included on signature pages to the registration statement). |
25.1 |
|
Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of The Bank of New York, as trustee under the Indenture. |
- *
- To
be filed by an amendment or as an exhibit to a document filed under the Securities Exchange Act of 1934, as amended, and incorporated by reference herein.
EX-4.1
2
a2167926zex-4_1.htm
EX-4.1
QuickLinks
-- Click here to rapidly navigate through this document
EXHIBIT 4.1
BALL CORPORATION
INDENTURE
DATED
AS OF , 2006
THE
BANK OF NEW YORK
Trustee
CROSS-REFERENCE TABLE*
Trust Indenture
Act Section
|
|
Indenture Section
|
310(a)(1) |
|
7.10 |
(a)(2) |
|
7.10 |
(a)(3) |
|
N.A. |
(a)(4) |
|
N.A. |
(a)(5) |
|
7.10 |
(b) |
|
7.10 |
(c) |
|
N.A. |
311(a) |
|
7.11 |
(b) |
|
7.11 |
(c) |
|
N.A. |
312(a) |
|
2.06 |
(b) |
|
11.03 |
(c) |
|
11.03 |
313(a) |
|
7.06 |
(b)(2) |
|
7.07 |
(c) |
|
7.06; 11.02 |
(d) |
|
7.06 |
314(a) |
|
4.03; 11.02 |
(b) |
|
N.A. |
(c)(1) |
|
11.04 |
(c)(2) |
|
11.04 |
(c)(3) |
|
N.A. |
(e) |
|
11.05 |
(f) |
|
N.A. |
315(a) |
|
7.01 |
(b) |
|
7.05, 11.02 |
(c) |
|
7.01 |
(d) |
|
7.01 |
(e) |
|
6.11 |
316(a) (last sentence) |
|
2.10 |
(a)(1)(A) |
|
6.05 |
(a)(1)(B) |
|
6.04 |
(a)(2) |
|
N.A. |
(b) |
|
6.07 |
(c) |
|
2.13 |
317(a)(1) |
|
6.08 |
(a)(2) |
|
6.09 |
(b) |
|
2.05 |
318(a) |
|
11.01 |
(b) |
|
N.A. |
(c) |
|
11.01 |
- N.A.
- means
not applicable.
- *
- This
Cross-Reference Table is not part of this Indenture.
TABLE OF CONTENTS
|
|
|
|
Page
|
ARTICLE 1.
DEFINITIONS AND INCORPORATION
BY REFERENCE |
Section 1.01 |
|
Definitions |
|
1 |
Section 1.02 |
|
Other Definitions |
|
5 |
Section 1.03 |
|
Incorporation by Reference of Trust Indenture Act |
|
6 |
Section 1.04 |
|
Rules of Construction |
|
6 |
ARTICLE 2.
THE NOTES |
Section 2.01 |
|
Issuable in Series |
|
7 |
Section 2.02 |
|
Establishment of Terms of Series of Notes |
|
7 |
Section 2.03 |
|
Execution and Authentication |
|
9 |
Section 2.04 |
|
Registrar and Paying Agent |
|
9 |
Section 2.05 |
|
Paying Agent to Hold Money in Trust |
|
9 |
Section 2.06 |
|
Holder Lists |
|
10 |
Section 2.07 |
|
Transfer and Exchange |
|
10 |
Section 2.08 |
|
Replacement Notes |
|
10 |
Section 2.09 |
|
Outstanding Notes |
|
11 |
Section 2.10 |
|
Treasury Notes |
|
11 |
Section 2.11 |
|
Temporary Notes |
|
11 |
Section 2.12 |
|
Cancellation |
|
11 |
Section 2.13 |
|
Defaulted Interest |
|
11 |
Section 2.14 |
|
Global Notes |
|
12 |
Section 2.15 |
|
CUSIP Number |
|
13 |
ARTICLE 3.
REDEMPTION AND PREPAYMENT |
Section 3.01 |
|
Notice to Trustee |
|
13 |
Section 3.02 |
|
Selection of Notes to Be Redeemed |
|
13 |
Section 3.03 |
|
Notice of Redemption |
|
14 |
Section 3.04 |
|
Effect of Notice of Redemption |
|
14 |
Section 3.05 |
|
Deposit of Redemption Price |
|
14 |
Section 3.06 |
|
Notes Redeemed in Part |
|
15 |
ARTICLE 4.
COVENANTS |
Section 4.01 |
|
Payment of Principal and Interest |
|
15 |
Section 4.02 |
|
Maintenance of Office or Agency |
|
15 |
Section 4.03 |
|
Reports |
|
16 |
Section 4.04 |
|
Compliance Certificate |
|
16 |
Section 4.05 |
|
Taxes |
|
17 |
Section 4.06 |
|
Stay, Extension and Usury Laws |
|
17 |
Section 4.07 |
|
Corporate Existence |
|
17 |
|
|
|
|
|
i
ARTICLE 5.
SUCCESSORS |
Section 5.01 |
|
Merger, Consolidation or Sale of Assets |
|
17 |
Section 5.02 |
|
Successor Corporation Substituted |
|
18 |
ARTICLE 6.
DEFAULTS AND REMEDIES |
Section 6.01 |
|
Events of Default |
|
18 |
Section 6.02 |
|
Acceleration |
|
19 |
Section 6.03 |
|
Other Remedies |
|
20 |
Section 6.04 |
|
Waiver of Past Defaults |
|
20 |
Section 6.05 |
|
Control by Majority |
|
20 |
Section 6.06 |
|
Limitation on Suits |
|
21 |
Section 6.07 |
|
Rights of Holders of Notes to Receive Payment |
|
21 |
Section 6.08 |
|
Collection Suit by Trustee |
|
21 |
Section 6.09 |
|
Trustee May File Proofs of Claim |
|
21 |
Section 6.10 |
|
Priorities |
|
22 |
Section 6.11 |
|
Undertaking for Costs |
|
22 |
ARTICLE 7.
TRUSTEE |
Section 7.01 |
|
Duties of Trustee |
|
22 |
Section 7.02 |
|
Rights of Trustee |
|
23 |
Section 7.03 |
|
Individual Rights of Trustee |
|
24 |
Section 7.04 |
|
Trustee's Disclaimer |
|
25 |
Section 7.05 |
|
Notice of Defaults |
|
25 |
Section 7.06 |
|
Reports by Trustee to Holders of the Notes |
|
25 |
Section 7.07 |
|
Compensation and Indemnity |
|
25 |
Section 7.08 |
|
Replacement of Trustee |
|
26 |
Section 7.09 |
|
Successor Trustee by Merger, Etc. |
|
27 |
Section 7.10 |
|
Eligibility; Disqualification |
|
27 |
Section 7.11 |
|
Preferential Collection of Claims Against Company |
|
27 |
Section 7.12 |
|
Trustee's Application for Instructions from the Company |
|
27 |
ARTICLE 8.
LEGAL DEFEASANCE AND COVENANT DEFEASANCE |
Section 8.01 |
|
Option to Effect Legal Defeasance or Covenant Defeasance |
|
28 |
Section 8.02 |
|
Legal Defeasance and Discharge |
|
28 |
Section 8.03 |
|
Covenant Defeasance |
|
28 |
Section 8.04 |
|
Conditions to Legal or Covenant Defeasance |
|
29 |
Section 8.05 |
|
Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions |
|
30 |
Section 8.06 |
|
Repayment to Company |
|
30 |
Section 8.07 |
|
Reinstatement |
|
30 |
|
|
|
|
|
ii
ARTICLE 9.
AMENDMENT, SUPPLEMENT AND WAIVER |
Section 9.01 |
|
Without Consent of Holders of Notes |
|
31 |
Section 9.02 |
|
With Consent of Holders of Notes |
|
31 |
Section 9.03 |
|
Compliance with Trust Indenture Act |
|
32 |
Section 9.04 |
|
Revocation and Effect of Consents |
|
33 |
Section 9.05 |
|
Notation on or Exchange of Notes |
|
33 |
Section 9.06 |
|
Trustee Protected |
|
33 |
ARTICLE 10.
SATISFACTION AND DISCHARGE |
Section 10.01 |
|
Satisfaction and Discharge |
|
33 |
Section 10.02 |
|
Application of Trust Money |
|
34 |
ARTICLE 11.
MISCELLANEOUS |
Section 11.01 |
|
Trust Indenture Act Controls |
|
34 |
Section 11.02 |
|
Notices |
|
34 |
Section 11.03 |
|
Communication by Holders of Notes with Other Holders of Notes |
|
35 |
Section 11.04 |
|
Certificate and Opinion as to Conditions Precedent |
|
35 |
Section 11.05 |
|
Statements Required in Certificate |
|
36 |
Section 11.06 |
|
Rules by Trustee and Agents |
|
36 |
Section 11.07 |
|
Calculation of Foreign Currency Amounts |
|
36 |
Section 11.08 |
|
No Personal Liability of Directors, Officers, Employees and Stockholders |
|
36 |
Section 11.09 |
|
Governing Law |
|
36 |
Section 11.10 |
|
No Adverse Interpretation of Other Agreements |
|
37 |
Section 11.11 |
|
Successors |
|
37 |
Section 11.12 |
|
Severability |
|
37 |
Section 11.13 |
|
Counterpart Originals |
|
37 |
Section 11.14 |
|
Table of Contents, Headings, Etc. |
|
37 |
ARTICLE 12.
SINKING FUNDS |
Section 12.01 |
|
Applicability of Article |
|
37 |
Section 12.02 |
|
Satisfaction of Sinking Fund Payments with Notes |
|
37 |
Section 12.03 |
|
Redemption of Notes for Sinking Fund |
|
38 |
iii
INDENTURE dated as of , 2006 by and among Ball Corporation,
an Indiana corporation (the "Company") and The Bank of New
York, a New York banking corporation, as trustee (the "Trustee").
The
Company and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the Notes issued under this Indenture.
ARTICLE 1.
DEFINITIONS AND INCORPORATION
BY REFERENCE
Section
1.01 Definitions.
"Affiliate" of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For purposes of this definition, "control," as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided,
that beneficial ownership of 10% or more of the Voting Stock of a Person shall be deemed to be in control. For purposes of this definition, the terms "controlling," "controlled by" and "under common
control with" have correlative meanings.
"Agent" means any Registrar, Paying Agent or co-registrar.
"Attributable Debt" in respect of a sale and leaseback transaction means, at the time of determination, the present value of the
obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or
may, at the option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with
GAAP.
"Bankruptcy Law" means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.
"Board of Directors" means:
- (1)
- with
respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf of such board;
- (2)
- with
respect to a partnership, the Board of Directors of the general partner of the partnership;
- (3)
- with
respect to a limited liability company, the managing member or members or any controlling committee of managing members or managers thereof; and
- (4)
- with
respect to any other Person, the board or committee of such Person serving a similar function.
"Board Resolution" means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted
by the Board of Directors or pursuant to authorization by the Board of Directors and to be paid in full force and effect on the date of the certificate and delivered to the Trustee.
"Business Day" means any day other than a Legal Holiday.
"Capital Lease Obligation" means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital
lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP.
"Capital Stock" means:
(1) in
the case of a corporation, corporate stock;
(2) in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents, however designated, of corporate stock;
(3) in
the case of a partnership or limited liability company, partnership or membership interests, whether general or limited; and
(4) any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing
Person.
"Company" means Ball Corporation, and any and all successors thereto.
"Company Order" means a written order signed in the name of the Company by two Officers, one of whom must be the Company's principal
executive officer, principal financial officer or principal accounting officer.
"Corporate Trust Office of the Trustee" shall be at the address of the Trustee specified in Section 12.02 hereof or such other
address as to which the Trustee may give notice to the Company.
"Custodian" means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto.
"Default" means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.
"Depositary" means, with respect to the Notes of any Series issuable or issued in whole or in part in the form of one or more Global
Notes, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such
person, "Depositary" as used with respect to the Notes of any Series shall mean the Depositary with respect to the Notes of such Series.
"Discount Note" means any Note that provides for an amount less than the stated principal amount thereof to be due and payable upon
declaration of acceleration of the maturity thereof pursuant to Section 6.02.
"Dollars" and "$" means the currency of The United States of America.
"ECU" means the European Currency Unit as determined by the Commission of the European Union.
"Equity Interests" means Capital Stock and all warrants, options or other rights to acquire Capital Stock, but excluding any debt security
that is convertible into, or exchangeable for, Capital Stock.
"Exchange Act" means the Securities Exchange Act of 1934, as amended.
"Foreign Currency" means any currency or currency unit issued by a government other than the government of The United States of America.
"GAAP" means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board and such other statements by such other entity as have been
approved by a significant segment of the accounting profession, which are applicable as of the date of this Indenture.
"Global Note" or "Global Notes" means a Note or Notes, as the case may be, in the form
established pursuant to Section 2.02 evidencing all or part of a Series of Notes, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or
nominee.
2
"Government Securities" means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for which
the United States pledges its full faith and credit.
"Guarantee" means a guarantee, other than by endorsement of negotiable instruments for collection in the ordinary course of business,
direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any
Indebtedness.
"Hedging Obligations" means, with respect to any specified Person, the obligations of such Person under:
(1) interest
rate swap agreements, interest rate cap agreements and interest rate collar agreements; and
(2) other
agreements or arrangements in respect of such Person's exposure to fluctuations in commodity prices, currency exchange rates or interest rates and, in each case,
not entered into for speculative purposes.
"Holder" means a Person in whose name a Note is registered.
"Indebtedness" means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:
(1) in
respect of borrowed money;
(2) evidenced
by bonds, notes, debentures or similar instruments or letters of credit, or reimbursement agreements in respect thereof;
(3) in
respect of banker's acceptances;
(4) representing
Capital Lease Obligations;
(5) representing
the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable; or
(6) representing
any Hedging Obligations,
if
and to the extent any of the preceding items, other than letters of credit and Hedging Obligations, would appear as a liability upon a balance sheet of the specified Person prepared in accordance
with GAAP. In addition, the term "Indebtedness" includes all Indebtedness of others secured by a Lien on any asset of the specified Person, whether or not such Indebtedness is assumed by the specified
Person, and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other Person or any liability of any person, whether or not contingent and whether
or not it appears on the balance sheet of such Person.
The
amount of any Indebtedness outstanding as of any date shall be:
(1) the
accreted value of the Indebtedness, in the case of any Indebtedness that does not require the current payment of interest; and
(2) the
principal amount of the Indebtedness, together with any interest on the Indebtedness that is more than 30 days past due, in the case of any other
Indebtedness.
"Indenture" means this Indenture, as amended, supplemented or restated from time to time and shall include the form and terms of
particular Series of Notes established as contemplated hereunder.
"Legal Holiday" means a Saturday, a Sunday or a day on which banking institutions in the City of New York, the city in which the principal
office of the Trustee is located or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday
3
at
a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period.
"Lien" means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of
such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement or any lease in the nature thereof; provided
that in no event shall an operating lease be deemed to constitute a Lien.
"Notes" means notes or other debt instruments of the Company of any Series issued under this Indenture.
"Officer" means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating
Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person.
"Officers' Certificate" means a certificate signed on behalf of the Company by two Officers of the Company, one of whom must be a
vice-president, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Sections 12.04 and 12.05 hereof.
"Opinion of Counsel" means an opinion from legal counsel who is acceptable to the Trustee, that meets the requirements of Sections 11.04
and 11.05 hereof. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee.
"Person" means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated
organization, limited liability company or government or any agency or political subdivision thereof or any other entity.
"Responsible Officer" when used with respect to the Trustee, means any officer within the corporate trust department of the Trustee,
including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those
performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person's knowledge of and familiarity with the
particular subject and who shall have direct responsibility for the administration of this Indenture.
"SEC" means the Securities and Exchange Commission.
"Securities Act" means the Securities Act of 1933, as amended.
"Series" or "Series of Notes" means each series of debentures, notes or other debt
instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof.
"Stated Maturity" means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which the
payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and shall not include any contingent obligations
to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof.
"Subsidiary" means, with respect to any specified Person:
(1) any
corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled, without regard to the
occurrence of any contingency, to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person; and
(2) any
partnership (a) the sole general partner or the managing general partner of which is such Person or an entity described in clause (1) and related to
such Person or (b) the only general
4
partners
of which are such Person or one or more entities described in clause (1) and related to such Person, or any combination thereof.
"TIA" means the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1938 is amended after such date, "TIA"
means, to the extent required by any such amendment, the Trust Indenture Act as so amended.
"Trustee" means the person named as the "Trustee" in the first paragraph of this instrument until a successor Trustee shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter "Trustee" shall mean each person who is then a Trustee hereunder, and if at any time there is more than one such person,
"Trustee" as used with respect to the Notes of any Series shall mean the Trustee with respect to Notes of that Series.
"Voting Stock" of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of
the Board of Directors of such Person.
Section
1.02 Other Definitions.
Term
|
|
Defined in
Section
|
"Authentication Order" |
|
2.03 |
"Covenant Defeasance" |
|
8.03 |
"Event of Default" |
|
6.01 |
"Legal Defeasance" |
|
8.02 |
"Mandatory Sinking Fund Payment" |
|
12.01 |
"Optional Sinking Fund Payment" |
|
12.01 |
"Paying Agent" |
|
2.04 |
"Payment Default" |
|
6.01 |
"Registrar" |
|
2.04 |
Section
1.03 Incorporation by Reference of Trust Indenture Act.
Whenever
this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.
The
following TIA terms used in this Indenture have the following meanings:
"Commission" means the SEC;
"indenture securities" means the Notes;
"indenture security holder" means a Holder of a Note;
"indenture to be qualified" means this Indenture;
"indenture trustee" or "institutional trustee" means the Trustee; and
"obligor" on the indenture securities means the Company, and any successor obligor upon the Notes.
All
other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to
them.
Section
1.04 Rules of Construction.
Unless
the context otherwise requires:
5
(2) an
accounting term not otherwise defined herein has the meaning assigned to it in accordance with GAAP;
(3) "or"
is not exclusive;
(4) words
in the singular include the plural, and in the plural include the singular;
(5) provisions
apply to successive events and transactions; and
(6) references
to sections of or rules under the Securities Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from
time to time.
ARTICLE 2.
THE NOTES
Section
2.01 Issuable in Series.
The
aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The Notes may be issued in one or more Series. All Notes of a Series
shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an Officers' Certificate detailing the adoption of the terms thereof pursuant to the authority granted
under a Board Resolution. In the case of Notes of a Series to be issued from time to time, the Board Resolution, Officers' Certificate or supplemental indenture detailing the adoption of the terms
thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall
accrue) are to be determined. Notes may differ between Series in respect of any matters, provided that all Series of Notes shall be equally and ratably
entitled to the benefits of the Indenture.
Section
2.02 Establishment of Terms of Series of Notes
.At
or prior to the issuance of any Notes within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.02(a) and either as to such Notes
within the Series or as to the Series generally in the case of Subsections 2.02(b) through 2.02(a)) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture or an Officers' Certificate pursuant to authority granted under a Board Resolution:
(a) the
title of the Series (which shall distinguish the Notes of that particular Series from the Notes of any other Series);
(b) the
price or prices (expressed as a percentage of the principal amount thereof) at which the Notes of the Series will be issued;
(c) any
limit upon the aggregate principal amount of the Notes of the Series which may be authenticated and delivered under this Indenture (except for Notes authenticated
and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of the Series pursuant to Section 2.07, 2.08, 2.11, 3.06 or 9.05;
(d) the
date or dates on which the principal of the Notes of the Series is payable;
(e) the
rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not limited to, any
commodity, commodity index, stock exchange index or financial index) at which the Notes of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the
date or dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date;
6
(f) the
place or places where the principal of and interest, if any, on the Notes of the Series shall be payable, where the Notes of such Series may be surrendered for
registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes of such Series and this Indenture may be served, and the method of such payment, if by
wire transfer, mail or other means;
(g) if
applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Notes of the Series may be redeemed, in whole
or in part, at the option of the Company;
(h) the
obligation, if any, of the Company to redeem or purchase the Notes of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder
thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Notes of the Series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation;
(i) the
dates, if any, on which and the price or prices at which the Notes of the Series will be repurchased by the Company at the option of the Holders thereof and other
detailed terms and provisions of such repurchase obligations;
(j) if
other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Notes of the Series shall be issuable;
(k) the
forms of the Notes of the Series in bearer or fully registered form (and, if in fully registered form, whether the Notes will be issuable as Global Notes);
(l) if
other than the principal amount thereof, the portion of the principal amount of the Notes of the Series that shall be payable upon declaration of acceleration of the
maturity thereof pursuant to Section 6.02;
(m) the
currency of denomination of the Notes of the Series, which may be Dollars or any Foreign Currency, including, but not limited to, the ECU, and if such currency of
denomination is a composite currency other than the ECU, the agency or organization, if any, responsible for overseeing such composite currency;
(n) the
designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the Notes of the Series will be made;
(o) if
payments of principal of or interest, if any, on the Notes of the Series are to be made in one or more currencies or currency units other than that or those in which
such Notes are denominated, the manner in which the exchange rate with respect to such payments will be determined;
(p) the
manner in which the amounts of payment of principal of or interest, if any, on the Notes of the Series will be determined, if such amounts may be determined by
reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index;
(q) the
provisions, if any, relating to any security or guarantee provided for the Notes of the Series, and any subordination in right of payment, if any, of the Notes of
the Series;
(r) any
addition to or change in the Events of Default which applies to any Notes of the Series and any change in the right of the Trustee or the requisite Holders of such
Notes to declare the principal amount thereof due and payable pursuant to Section 6.02;
(s) any
addition to or change in the covenants set forth in Articles 4 or 5 which applies to Notes of the Series;
(t) any
other terms of the Notes of the Series (which may modify or delete any provision of this Indenture insofar as it applies to such Series); and
7
(u) any
depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Notes of such Series if other than those appointed
herein.
All
Notes of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the
Board Resolution, supplemental indenture hereto or Officers' Certificate referred to above, and the authorized principal amount of any Series may not be increased to provide for issuances of
additional Notes of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers' Certificate.
Section
2.03 Execution and Authentication.
One
Officer shall sign the Notes for the Company by manual or facsimile signature. If an Officer whose signature is on a Note no longer holds that office at the time such Note is
authenticated, such Note shall nevertheless be valid.
A
Note shall not be valid until authenticated by the manual signature of the Trustee. The signature shall be conclusive evidence that the Note, as applicable, has been authenticated
under this Indenture.
The
Trustee shall, upon a written order of the Company signed by one Officer (an "Authentication Order"), authenticate Notes for original
issue in accordance with this Indenture.
The
Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each
reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the
Company.
Section
2.04 Registrar and Paying Agent.
The
Company shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange ("Registrar") and
an office or agency where Notes may be presented for payment ("Paying Agent"). The Registrar shall keep a register with respect to each Series of the
Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term "Registrar" includes any
co-registrar and the term "Paying Agent" includes any additional paying agent. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company shall notify
the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall
act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar.
The
Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to the Global Notes.
Section
2.05 Paying Agent to Hold Money in Trust.
The
Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Holders of any Series of Notes, or the
Trustee, all money held by the Paying Agent for the payment of principal or interest on the Series of Notes, and shall notify the Trustee of any default by the Company in making any such payment.
While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to
the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying
Agent, it shall segregate and hold in a separate trust fund for the benefit of Holders of any Series of Notes all money
8
held
by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.
Section
2.06 Holder Lists.
The
Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders of each Series of Notes and shall
otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee, at least seven Business Days before each interest payment date and at
such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders of each Series of Notes and
the Company shall otherwise comply with TIA Section 312(a).
Section
2.07 Transfer and Exchange.
Where
Notes of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes of
the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall
authenticate Notes at the Registrar's request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable
upon exchanges pursuant to Sections 2.11, 3.06 or 9.05).
Neither
the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Notes of any Series for the period beginning at the opening of business
fifteen days immediately preceding the mailing of a notice of redemption of Notes of that Series selected for redemption and ending at the close of business on the day of such mailing, or
(b) to register the transfer of or exchange Notes of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Notes selected, called or
being called for redemption in part.
Section
2.08 Replacement Notes.
If
any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company shall
issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note of the same Series if the Trustee's requirements are met. If required by the Trustee or the
Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent
from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note.
Every
replacement Note of any Series is an additional obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other
Notes of that Series duly issued hereunder.
Section
2.09 Outstanding Notes.
The
Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest
in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 2.09 hereof, a Note
does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note.
9
If
a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona
fide purchaser.
If
the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue.
If
the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that
date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest.
Section
2.10 Treasury Notes.
In
determining whether the Holders of the required principal amount of Notes of a Series have concurred in any direction, waiver or consent, Notes owned by the Company, or by any Person
directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, shall be considered as though not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes of a Series that a Responsible Officer of the Trustee actually knows are so owned
shall be so disregarded.
Section
2.11 Temporary Notes.
Until
certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes.
Temporary Notes shall be substantially in the form of certificated Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes.
Holders
of temporary Notes shall be entitled to all of the benefits of this Indenture.
Section
2.12 Cancellation.
The
Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of
transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall return such
canceled Notes to the Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation.
Section
2.13 Defaulted Interest.
If
the Company defaults in a payment of interest on a Series of Notes, it shall pay the defaulted interest in any lawful manner plus, to
the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders of the Series on a subsequent special record date, in each case at the rate provided in the Notes and in
Section 4.01 hereof. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Company shall
fix or cause to be fixed each such special record date and payment date, provided that no such special record date shall be less than 10 days
prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name
and at the expense of the Company) shall mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid.
10
Section
2.14 Global Notes.
(a) Terms of Notes. A Board Resolution, a supplemental indenture hereto or an Officers' Certificate shall
establish whether the Notes of a Series shall be issued in whole or in part in the form of one or more Global Notes and the Depositary for such Global Note or Notes.
(b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.07 of
the Indenture and in addition thereto, any Global Note shall be exchangeable pursuant to Section 2.07 of the Indenture for Notes registered in the names of Holders other than the Depositary for
such Note or
its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Note or if at any time such Depositary ceases to be a
clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days
of such event, (ii) the Company executes and delivers to the Trustee an Officers' Certificate to the effect that such Global Note shall be so exchangeable or (iii) an Event of Default
with respect to the Notes represented by such Global Note shall have happened and be continuing. Any Global Note that is exchangeable pursuant to the preceding sentence shall be exchangeable for Notes
registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Note with like tenor and terms.
Except
as provided in this Section 2.14(b), a Global Note may not be transferred except as a whole by the Depositary with respect to such Global Note to a nominee of such
Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor
Depositary.
(c) Legend. Any Global Note issued hereunder shall bear a legend in substantially the following form:
"This
Note is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary or a nominee of the Depositary. This Note is
exchangeable for Notes registered in the name of a person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a
whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor
Depositary or a nominee of such a successor Depositary."
(d) Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to
give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture.
(e) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated
by Section 2.02, payment of the principal of and interest, if any, on any Global Note shall be made to the Holder thereof.
(f) Consents, Declaration and Directions. Except as provided in Section 2.14(e), the Company, the Trustee
and any Agent shall treat a person as the Holder of such principal amount of outstanding Notes of such Series represented by a Global Note as shall be specified in a written statement of the
Depositary with respect to such Global Note, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture.
Section
2.15 CUSIP Number.
The
Company in issuing the Notes may use "CUSIP" numbers (if then generally in use), and, if so, the Trustee shall use CUSIP numbers in notices of redemption as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as
contained in any notice of a redemption and that reliance
11
may
be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or the omission of such numbers. The Company shall promptly
notify the Trustee of any change in the CUSIP numbers.
ARTICLE 3.
REDEMPTION AND PREPAYMENT
Section
3.01 Notice to Trustee.
The
Company may, with respect to any Series of Notes, reserve the right to redeem and pay the Series of Notes or may covenant to redeem and pay the Series of Notes or any part thereof
prior to the Stated Maturity thereof at such time and on such terms as provided for in such Notes. If a Series of Notes is redeemable and the Company wants or is obligated to redeem prior to the
Stated Maturity thereof all or part of the Series of Notes pursuant to the terms of such Notes, it shall notify the Trustee of the redemption date and the principal amount of Series of Notes to be
redeemed. The Company shall give the notice at least 30 days but not more than 60 days before the redemption date (or such shorter notice as may be acceptable to the Trustee).
Section
3.02 Selection of Notes to Be Redeemed.
If
less than all of the Notes of a Series are to be redeemed or purchased in an offer to purchase at any time, the Trustee shall select the Notes of a Series to be redeemed or purchased
among the Holders of the Notes (a) in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed or, (b) if the Notes are not
so listed, on a pro rata basis, by lot or in accordance with any other method the Trustee considers fair and appropriate. In the event of partial
redemption or purchase by lot, the particular Notes to be redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption date by
the Trustee from the outstanding Notes not previously called for redemption or purchase. The Trustee may select
for redemption or repurchase portions of the principal of Notes of the Series that have denominations larger than $1,000.
The
Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof
to be redeemed. Notes of a Series and portions of them selected shall be in amounts of $1,000 or whole multiples of $1,000 or. With respect to Notes of any Series issuable in other denominations
pursuant to Section 2.02(j), the minimum principal denomination for each Series and integral multiples thereof. Except as provided in the preceding sentence, provisions of this Indenture that
apply to Notes of a Series called for redemption or repurchase also apply to portions of Notes of a Series called for redemption or repurchase.
Section
3.03 Notice of Redemption.
Unless
otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officers' Certificate, at least 30 days but not more than
60 days before a redemption date, the Company shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered
address.
The
notice shall identify the Notes of the Series to be redeemed and shall state:
(1) the
redemption date;
(2) the
redemption price;
(3) the
name and address of the Paying Agent;
(4) that
Notes of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price;
12
(5) that
interest on Notes of the Series called for redemption ceases to accrue on and after the redemption date;
(6) the
CUSIP number, if any; and
(7) any
other information as may be required by the terms of the particular Series of the Notes or the Notes of a Series being redeemed.
At
the Company's request, the Trustee shall give the notice of redemption in the Company's name and at its expense.
Section
3.04 Effect of Notice of Redemption.
Once
notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption
price. A notice of redemption may not be conditional.
Section
3.05 Deposit of Redemption Price.
One
Business Day prior to the redemption date, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption price of and accrued interest on
all Notes to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the
amounts necessary to pay the redemption price of, and accrued interest on, all Notes to be redeemed.
If
the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for
redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose
name such Note was registered at the close of business on such record date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Company
to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and to the extent lawful on any interest not paid on such
unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof.
Section 3.06 Notes Redeemed in Part.
Upon
surrender of a Note that is redeemed in part, the Company shall issue and, upon the Company's written request, the Trustee shall authenticate for the Holder, at the expense of the
Company, a new Note equal in principal amount to the unredeemed portion of the Note surrendered.
No
Notes of $1,000 or less can be redeemed in part.
ARTICLE 4.
COVENANTS
Section
4.01 Payment of Principal and Interest.
The
Company covenants and agrees for the benefit of the Holders of each Series of Notes that it will pay or cause to be paid the principal of, premium, if any, and interest on the Notes
on the dates and in the manner provided in such Notes. Principal, premium, if any, and interest on any Series of Notes will be considered paid on the date due if the Paying Agent, if other than the
Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all
principal, premium, if any, and interest then due.
13
Section
4.02 Maintenance of Office or Agency.
The
Company covenants and agrees for the benefit of the Holders of each Series of Notes that it will maintain in the Borough of Manhattan, the City of New York, an office or agency
(which may be an office of the Trustee for such Notes or an affiliate of such Trustee, Registrar for such Notes or co-registrar) where such Notes may be surrendered for registration of
transfer or for exchange and where notices and demands to or upon the Company in respect of such Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee for
such Notes of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Administration Office of the Trustee.
The
Company may also from time to time designate one or more other offices or agencies where Holders of a Series of Notes may be presented or surrendered for any or all such purposes and
may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of
its obligation to maintain an office or agency in the Borough of Manhattan, the City of New York for such purposes. The Company shall give prompt written notice to the Trustee for such Series of Notes
of any such designation or rescission and of any change in the location of any such other office or agency.
With
respect to each Series of Notes, the Company hereby designates the Corporate Trust Office of the Trustee for such Notes as one such office or agency of the Company in accordance
with Section 2.03.
Section
4.03 Reports.
(a) Whether
or not the Company is required by the SEC, so long as any Series of Notes are outstanding, the Company shall furnish to the Holders of such Notes, within the
time periods (including any extensions thereof) specified in the SEC's rules and regulations:
(1) all
quarterly and annual reports that would be required to be filed with the Commission on Forms 10-Q and 10-K if the Company were required to
file reports; and
(2) all
current reports that would be required to be filed with the SEC on Form 8-K if the Company were required to file such reports.
In
addition, whether or not required by the rules and regulations of the SEC, the Company shall file a copy of all such information and reports referred to in clauses (1) and
(2) above with the SEC for public availability within the time periods specified in the SEC's rules and regulations, unless the SEC will not accept such a filing, and make such information
available to securities analysts and prospective investors upon request. The Company shall at all times comply with TIA Section 314(a). Delivery of such reports, information and documents to
the Trustee is for informational purposes only and the Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information
contained therein, including the Company's compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers' Certificates).
(b) For
so long as any Series of Notes remain outstanding, if at any time they are not required to file with the Commission the reports required by paragraphs (1) and
(2) of this Section 4.03, the Company and any guarantors of such Notes will furnish to the Holders of such Notes and to securities analysts and prospective investors, upon their request,
the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.
14
Section
4.04 Compliance Certificate.
(a) The
Company and each guarantor of any Series of Notes (to the extent that such guarantor is so required under the TIA) shall deliver to the Trustee with respect to such
Series, within 90 days after the end of each fiscal year, an Officers' Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year
has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further
stating, as to each such Officer signing such certificate, that to the best of his or her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this
Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing
all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto) and that to the best of his or her
knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on the Notes is prohibited or if such event has occurred, a
description of the event and what action the Company is taking or proposes to take with respect thereto.
(b) The
Company shall, so long as any of Series of Notes are outstanding, deliver to the Trustee with respect to such Series, as soon as possible, but in no event later than
five days after any Officer becoming aware of any Default or Event of Default, an Officers' Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to
take with respect thereto.
Section
4.05 Taxes.
The
Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in
good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.
Section
4.06 Stay, Extension and Usury Laws.
The
Company covenants (to the extent that it may lawfully do so) that it shall not, and each guarantor of such Notes shall not, at any time, insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this
Indenture; and the Company and each of such guarantors (to the extent that it may lawfully do so), as applicable, hereby expressly waives all benefit or advantage of any such law, and covenants that
it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee for such Notes, but shall suffer and permit the execution of every such power
as though no such law has been enacted.
Section
4.07 Corporate Existence.
Subject
to Articles 5 and 10 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate existence, and
the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company, any
such Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however, that
the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors shall
determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any
material respect to the Holders of the Notes.
15
ARTICLE 5.
SUCCESSORS
Section
5.01 Merger, Consolidation or Sale of Assets.
The
Company shall not, directly or indirectly: (1) consolidate or merge with or into another person, whether or not the Company is the surviving corporation, or (2) sell,
assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to
another Person unless:
(i) either:
(a) the Company is the surviving corporation; or (b) the Person formed by or surviving any such consolidation or merger, if other than the Company, or to
which such sale, assignment, transfer, conveyance or other disposition shall have been made is a corporation organized or existing under the laws of the United States, any state of the United States
or the District of Columbia;
(ii) the
Person formed by or surviving any such consolidation or merger, if other than the Company, or the Person to which such sale, assignment, transfer, conveyance or other
disposition shall have been made assumes all the obligations of the Company under the Notes and this Indenture pursuant to agreements reasonably satisfactory to the Trustee;
(iii) immediately
after such transaction no Default or Event of Default exists.
The
Company may not, directly or indirectly, lease all or substantially all of the properties or assets, in one or more related transactions, to any other Person. The provisions of this
Section 5.01 shall not apply to (1) a merger of the Company with an Affiliate solely for the purpose of reincorporating the Company in another jurisdiction or forming a direct holding
company of the Company or (2) to a sale, assignment, transfer, conveyance or other disposition of assets between or among the Company and its Subsidiaries.
Section
5.02 Successor Corporation Substituted.
Upon
any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance with
Section 5.01 hereof, the successor person formed by such consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other
disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this
Indenture referring to the "Company" shall refer instead to the successor corporation and not to the Company), and may exercise every right and power of the Company under this Indenture with the same
effect as if such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the
obligation to pay the principal of and interest on any Series of Notes except in the case of a sale of all of the Company's assets that meets the requirements of Section 5.01 hereof.
ARTICLE 6.
DEFAULTS AND REMEDIES
Section
6.01 Events of Default.
"Event
of Default," wherever used herein with respect to Notes of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture
or Officers' Certificate, it is provided that such Series shall not have the benefit of said Event of Default:
(1) default
in the payment of any interest on any Note of that Series when it becomes due and payable, and continuance of such default for a period of 30 days; or
(2) default
in payment when due of the principal of, or premium, if any, on any Note of that Series; or
16
(3) default
in the deposit of any sinking fund payment, when and as due in respect of any Note of that Series; or
(4) default
in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty that has been included in this
Indenture solely for the benefit of Series of Notes other than that Series), which default continues uncured for a period of 30 days after written notice given by the Trustees for such Notes or
Holders of such Notes; or
(5) default
under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by
the Company or any of its Subsidiaries (or the payment of which is guaranteed by the Company or any of its Subsidiaries) whether such Indebtedness or guarantee now exists, or is created after the date
of the indenture, if that default:
(a) is
caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such
Indebtedness on the date of such default (a "Payment Default"); or
(b) results
in the acceleration of such Indebtedness prior to its express maturity,
and,
in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of
which has been so accelerated, aggregates $100.0 million or more;
(6) one
or more judgments for the payment of money in an aggregate amount in excess of $100.0 million (excluding therefrom any amount reasonably expected to be
covered by insurance) shall be rendered against the Company any Subsidiary or any combination thereof and the same shall not have been paid, discharged or stayed for a period of 60 days after
such judgment became final and nonappealable;
(7) the
Company pursuant to or within the meaning of any Bankruptcy Law:
(a) commences
a voluntary case,
(b) consents
to the entry of an order for relief against it in an involuntary case,
(c) consents
to the appointment of a Custodian of it or for all or substantially all of its property,
(d) makes
a general assignment for the benefit of its creditors, or
(e) generally
is unable to pay its debts as the same become due; or
(8) a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:
(a) is
for relief against the Company in an involuntary case,
(b) appoints
a Custodian of the Company or for all or substantially all of its property, or
(c) orders
the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days; or
(9) any
other Event of Default provided with respect to Notes of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officers'
Certificate, in accordance with Section 2.02.
17
Section
6.02 Acceleration.
If
an Event of Default with respect to Notes of any Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.1(7) or (8))
then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Notes of that Series may declare the principal amount (or, if any Notes of that Series
are Discount Notes, such portion of the principal amount as may be specified in the terms of such Notes) of and accrued and unpaid interest, if any, on all of the Notes of that Series to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid
interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(7) or (8) shall occur, the principal amount (or specified amount) of and
accrued and unpaid interest, if any, on all outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder.
At
any time after such a declaration of acceleration with respect to any Series has been made, the Holders of a majority in principal amount of the outstanding Notes of that Series, by
written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events
of Default (except nonpayment of principal, interest or premium that has become due solely because of the acceleration) have been cured or waived.
No
such rescission shall affect any subsequent Default or impair any right consequent thereon.
Section
6.03 Other Remedies.
If
an Event of Default with respect to Notes of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal, premium, if any, and interest on such Notes or to enforce the performance of any provision of such Notes or this Indenture.
The
Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of
a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.
Section
6.04 Waiver of Past Defaults.
The
Holders of a majority in aggregate principal amount of the Notes of any Series then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any
existing Default or Event of Default and its consequences under this Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes (including
in connection with an offer to purchase); provided, however, that the Holders of a majority in aggregate
principal amount of the then outstanding Notes of any Series may rescind an acceleration of such Notes and its consequences, including any related payment default that resulted from such acceleration.
Upon any such waiver, such Default or Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no
such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon.
Section
6.05 Control by Majority.
Holders
of a majority in principal amount of the then outstanding Notes of any Series may direct the time, method and place of conducting any proceeding for exercising any remedy
available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any
18
direction
that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability.
Section
6.06 Limitation on Suits.
A
Holder of any Series of Notes may pursue a remedy with respect to this Indenture or the Notes only if:
(a) the
Holder of a Note gives to the Trustee written notice of a continuing Event of Default;
(b) the
Holders of at least 25% in principal amount of the then outstanding Notes of such Series make a written request to the Trustee to pursue the remedy;
(c) such
Holder of a Note or Holders of Notes offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;
(d) the
Trustee does not comply with the request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and
(e) during
such 60-day period the Holders of a majority in principal amount of the then outstanding Notes do not give the Trustee a direction inconsistent with
the request.
A
Holder of any Series of Notes may not use this Indenture to prejudice the rights of another Holder of such Series of Notes or to obtain a preference or priority over another Holder of
Notes of such Series.
Section
6.07 Rights of Holders of Notes to Receive Payment.
Notwithstanding
any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal, premium, if any, and interest on the Note, on or after the
respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder.
Section
6.08 Collection Suit by Trustee.
If
an Event of Default specified in Section 6.01(a) or (b) occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as Trustee of an
express trust against the Company for the whole amount of principal of, premium, if any, and interest remaining unpaid on the Notes and interest on overdue principal and, to the extent lawful,
interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel.
Section
6.09 Trustee May File Proofs of Claim.
The
Trustee for each Series of Notes is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings
relative to the Company (or any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable
or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding,
19
shall
be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the
Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.
Section
6.10 Priorities.
If
the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order:
First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation,
expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;
Second: to Holders of the Notes for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any and interest, respectively; and
Third: to the Company.
The
Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10.
Section
6.11 Undertaking for Costs.
In
any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its
discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys' fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply
to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes of any Series.
ARTICLE 7.
TRUSTEE
Section
7.01 Duties of Trustee.
(a) If
an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree
of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.
(b) Except
during the continuance of an Event of Default:
(i) the
duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set
forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and
(ii) in
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein,
upon certificates or
20
opinions
furnished to the Trustee and conforming to the requirements of this Indenture, but in the case of any such certificates of opinions which by any provision hereof are specifically required to
be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate
the accuracy of mathematical calculations or other facts stated therein).
(c) The
Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:
(i) this
paragraph does not limit the effect of paragraph (b) of this Section;
(ii) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in
ascertaining the pertinent facts; and
(iii) the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to
Section 6.05 hereof.
(d) Whether
or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), (c),
(e) and (f) of this Section and Section 7.02.
(e) No
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The Trustee shall be under no obligation to exercise any
of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and indemnity satisfactory to it against any loss, liability
or expense.
(f) The
Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee
need not be segregated from other funds except to the extent required by law.
Section
7.02 Rights of Trustee.
(a) The
Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not
investigate any fact or matter stated in the document.
(b) Before
the Trustee acts or refrains from acting, it may require an Officers' Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action
it takes or omits to take in good faith in reliance on such Officers' Certificate or Opinion of Counsel. The Trustee may consult with counsel of its selection and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.
(c) The
Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.
(d) The
Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it
by this Indenture.
(e) Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the
Company issuing such demand, request or notice.
(f) The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless
such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities that might be incurred by it in compliance with such
request or direction.
21
(g) Whenever
in the administration of this Indenture, the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any
action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officers' Certificate.
(h) The
Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless
written notice of any event which is in fact such a Default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and this
Indenture.
(i) The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall
be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder.
(j) The
Trustee may request that the Company deliver an Officers' Certificate setting forth the names of individuals and/or titles of officers authorized at such time to
take specified actions pursuant to this Indenture, which Officers' Certificate may be signed by any person authorized to sign an Officers' Certificate, including any person as so authorized in any
such certificate previously delivered and not superseded.
Section
7.03 Individual Rights of Trustee.
The
Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights
it would have if it were not Trustee. However, in the event the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to
continue as Trustee or resign. Any Agent may exercise the same rights, with the same duties, as the Trustee under this Section 7.03. The Trustee is also subject to Sections 7.10 and 7.11
hereof.
Section
7.04 Trustee's Disclaimer.
The
Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Company's use of
the proceeds from the Notes or any money paid to the Company or upon the Company's direction under any provision of this Indenture, it shall not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale
of the Notes or pursuant to this Indenture other than its certificate of authentication.
Section
7.05 Notice of Defaults.
If
a Default or Event of Default occurs and is continuing and if it is actually known to a Responsible Officer of the Trustee, the Trustee shall mail to Holders of Notes a notice of the
Default or Event of
Default within 90 days after it occurs. Except in the case of a Default or Event of Default relating to the payment of principal of or interest on any Note, the Trustee may withhold the notice
from Holders of the Notes if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.
Section
7.06 Reports by Trustee to Holders of the Notes.
Within
60 days after each August 1 beginning with the August 1 following the date of this Indenture, and for so long as Notes remain outstanding, the Trustee shall
mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA Section 313(a) (but if no event described in TIA Section 313(a) has occurred within
the twelve months preceding the reporting
22
date,
no report need be transmitted). The Trustee also shall comply with TIA Section 313(b)(2). The Trustee shall also transmit by mail all reports as required by TIA Section 313(c).
A
copy of each report at the time of its mailing to the Holders of Notes shall be mailed to the Company and filed with the SEC and each stock exchange on which the Notes are listed in
accordance with TIA Section 313(d). The Company shall promptly notify the Trustee when the Notes are listed on any stock exchange or delisted therefrom.
Section
7.07 Compensation and Indemnity.
The
Company shall pay to the Trustee from time to time such reasonable compensation as agreed upon in writing for its acceptance of this Indenture and services hereunder. The Trustee's
compensation shall not be limited by any law on compensation of a Trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances
and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee's agents and
counsel.
The
Company shall indemnify the Trustee against any and all losses, liabilities, claims, damages or expenses (including taxes other than taxes based upon the income of the Trustee)
incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the
Company (including this Section 7.07) and defending itself against any claim (whether asserted by the Company or any Holder or any other person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or willful misconduct. The Trustee shall notify the
Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company
of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and
expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
The
obligations of the Company under this Section 7.07 shall survive the satisfaction and discharge of this Indenture.
To
secure the Company's payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held
in trust to pay principal and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of this Indenture.
When
the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(g) or (h) hereof occurs, the expenses and the compensation for the
services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
The
Trustee shall comply with the provisions of TIA Section 313(b)(2) to the extent applicable.
Section
7.08 Replacement of Trustee.
A
resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this
Section.
The
Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the
then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:
(a) the
Trustee fails to comply with Section 7.10 hereof;
23
(b) the
Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;
(c) a
custodian or public officer takes charge of the Trustee or its property; or
(d) the
Trustee becomes incapable of acting.
If
the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee. Within one year after the
successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Company.
If
a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of Notes of at least
10% in principal amount of the then outstanding Notes may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee.
If
the Trustee, after written request by any Holder of a Note who has been a Holder of a Note for at least six months, fails to comply with Section 7.10, such Holder of a Note may
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.
A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders of
the Notes. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the
Trustee (including its agents and/or counsel) hereunder have been paid and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this
Section 7.08, the Company's obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee.
Section
7.09 Successor Trustee by Merger, Etc.
If
the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any
further act shall be the successor Trustee.
Section
7.10 Eligibility; Disqualification.
There
shall at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of America or of any state thereof that is
authorized under such laws to exercise corporate Trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least
$100 million as set forth in its most recent published annual report of condition.
This
Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section 310(b).
Section
7.11 Preferential Collection of Claims Against Company.
The
Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject
to TIA Section 311(a) to the extent indicated therein.
Section
7.12 Trustee's Application for Instructions from the Company.
Any
application by the Trustee for written instructions from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee
under this
24
Indenture
and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of, the Trustee in
accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three Business Days after the date any officer of the
Company actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to the taking of such action (or the effective date in the case of
an omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted.
ARTICLE 8.
LEGAL DEFEASANCE AND COVENANT DEFEASANCE
Section
8.01 Option to Effect Legal Defeasance or Covenant Defeasance.
The
Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have either Section 8.02 or 8.03
hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.
Section
8.02 Legal Defeasance and Discharge.
Upon
the Company's exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall, subject to the satisfaction of the conditions set
forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Notes of Such Series (including the related guarantees, if any) on the date
the conditions set forth below are satisfied (hereinafter, "Legal Defeasance"). For this purpose, Legal Defeasance means that the Company shall be
deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes of such Series (including the related guarantees, if any), which shall thereafter be deemed to be
"outstanding" only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all of their other
obligations under such Notes, such guarantees, if any and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same),
except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes to receive solely from the trust fund
described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of, interest on, if any, on such Notes when such payments are due,
(b) the Company's obligations with respect to the Notes under Article 2 and Section 4.02 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee
hereunder and the Company's obligations in connection therewith and (d) this Article 8. Subject to compliance with this Article 8, the Company may exercise its option under this
Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof.
Section
8.03 Covenant Defeasance.
Upon
the Company's exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each of the guarantors, if any, will subject to the
satisfaction of the conditions set forth in Section 8.04 hereof, be released from their obligations under the covenants contained in Section 4.03 with respect to the outstanding Notes of
the applicable Series on and after the date the conditions set forth in Section 8.04 are satisfied (hereinafter, "Covenant Defeasance"), and the
Notes shall thereafter be deemed not "outstanding" for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such
covenants, but shall continue to be deemed "outstanding" for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Notes of such Series, the Company may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
25
elsewhere
herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a
Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the
Company's exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof,
Sections 6.01(d) through 6.01(f) hereof shall not constitute Events of Default.
Section
8.04 Conditions to Legal or Covenant Defeasance.
The
following shall be the conditions to the application of either Section 8.02 or 8.03 hereof to the outstanding Notes:
In
order to exercise either Legal Defeasance or Covenant Defeasance:
(a) the
Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in United States dollars, non-callable Government
Securities, or a combination of cash in U.S. dollars and non-callable Government Securities in such amounts as will be sufficient, in the opinion of a nationally recognized firm of
independent public accountants, to pay the principal of, interest and premium, if any, on the outstanding Notes of such Series on the stated maturity or on the applicable redemption date, as the case
may be, and the Company must specify whether the Notes are being defeased to maturity or to a particular redemption date;
(b) in
the case of an election under Section 8.02 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee
confirming that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this Indenture, there has been a change
in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize
income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such Legal Defeasance had not occurred;
(c) in
the case of an election under Section 8.03 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee
confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S.
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred;
(d) no
Default or Event of Default shall have occurred and be continuing on the date of such deposit, other than a Default or Event of Default resulting from the incurrence
of Indebtedness all or a portion of the proceeds of which will be used to defease the Notes pursuant to this Article 8 concurrently with such incurrence, or insofar as Sections 6.01(h) or
6.01(i) hereof is concerned, at any time in the period ending on the 91st day after the date of deposit;
(e) such
Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any material agreement or instrument, other
than this Indenture, to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound;
(f) the
Company shall have delivered to the Trustee an Officers' Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders
of the Notes over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and
26
(g) the
Company shall have delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal
Defeasance or the Covenant Defeasance have been complied with.
Section
8.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions.
Subject
to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this Section 8.05, the "Trustee") pursuant to Section 8.04 hereof in respect of the outstanding
Notes of any Series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and
interest, but such money need not be segregated from other funds except to the extent required by law.
The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited
pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the
outstanding Notes of the applicable Series.
Anything
in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the request of the Company any money or
non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are in excess of the amount thereof that would then be required to be
deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.
Section
8.06 Repayment to Company.
Any
money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Series of Notes
and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to
such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent,
before being required to make any such repayment, may at the reasonable expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such
money then remaining shall be repaid to the Company.
Section
8.07 Reinstatement.
If
the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as
the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company's and any applicable
guarantors' obligations under this Indenture and the applicable Notes and the guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03
hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided,
however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be
subrogated to
27
the
rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent.
ARTICLE 9.
AMENDMENT, SUPPLEMENT AND WAIVER
Section
9.01 Without Consent of Holders of Notes.
Notwithstanding
Section 9.02 of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Notes of one or more Series without the consent of any
Holder of a Note:
(1) to
cure any ambiguity, defect or inconsistency;
(2) to
provide for uncertificated Notes in addition to or in place of certificated Notes;
(3) to
provide for the assumption of the Company's obligations to the Holders of the Notes by a successor to the Company pursuant to Article 5 hereof;
(4) to
make any change that would provide any additional rights or benefits to the Holders of Notes or that does not adversely affect the legal rights hereunder of any
Holder of a Note;
(5) to
comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA
(6) to
provide for the issuance of and establish the form and terms and conditions of Notes of any Series as permitted by this Indenture; or
(7) to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Notes of one or more Series and to add to or change any of
the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee.
Upon
the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon receipt by the
Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company in the execution of any amended or supplemental indenture authorized or permitted by the terms
of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or supplemental
indenture that affects its own rights, duties or immunities under this Indenture or otherwise.
Section
9.02 With Consent of Holders of Notes.
The
Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in principal amount of the outstanding Notes of each
Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Notes of such Series), for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of Notes of each such
Series. Except as otherwise provided herein, the Holders of at least a majority in principal amount of the outstanding Notes of each Series by notice to the Trustee (including consents obtained in
connection with a tender offer or exchange offer for the Notes of such Series) may waive compliance by the Company with any provision of this Indenture or the Notes with respect to such Series.
It
shall not be necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed supplemental indenture or waiver, but it
shall be sufficient if such consent approves the substance thereof. Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended
or supplemental
28
indenture,
and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described
in Section 7.02 hereof, the Trustee will join with the Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee's own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental
Indenture.
After
a supplemental indenture or waiver under this section becomes effective, the Company shall mail to the Holders of Notes affected thereby a notice briefly describing the
supplemental indenture or waiver. Any failure by the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture
or waiver. However, without the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not, with respect to any Notes held by a non-consenting Holder:
(a) reduce
the principal amount of Notes whose Holders must consent to an amendment or waiver;
(b) reduce
the principal of or change the fixed maturity of any Note or alter or waive any of the provisions with respect to the redemption of the Notes;
(c) reduce
the rate of or change the time for payment of interest, including default interest, on any Note;
(d) waive
a Default or Event of Default in the payment of principal of or premium, if any, or interest, if any, on the Notes, except a rescission of acceleration of the
Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that resulted from such acceleration:
(e) make
any Note payable in money other than that stated in the Notes;
(f) make
any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of the Notes to receive payments of principal of or
premium, interest, if any, on the Notes; or
(g) make
any change in the foregoing amendment and waiver provisions.
Section
9.03 Compliance with Trust Indenture Act.
Every
amendment to this Indenture or the Notes of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect.
Section
9.04 Revocation and Effect of Consents.
Until
an amendment or waiver becomes effective, consent to it by a Holder of a Note is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that
evidences the same debt as the consenting Holder's Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the consent as to his Note or
portion of a Note if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. An amendment or waiver becomes effective in accordance with its terms and
thereafter binds every Holder.
Section
9.05 Notation on or Exchange of Notes.
The
Trustee may place an appropriate notation about an amendment or waiver on any Note of any Series thereafter authenticated. The Company in exchange for Notes of that Series may issue
and the Trustee shall authenticate upon request new Notes of that Series that reflect the amendment or waiver.
Section
9.06 Trustee Protected.
In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be
29
entitled
to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or
permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rights.
ARTICLE 10.
SATISFACTION AND DISCHARGE
Section 10.01 Satisfaction and Discharge.
This
Indenture will be discharged and will cease to be of further effect as to a Series of Notes issued hereunder, when:
(1) either:
(a) all
such Notes that have been authenticated (except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore
been deposited in trust and thereafter repaid to the Company) have been delivered to the Trustee for cancellation; or
(b) all
such Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise
or will become due and payable within one year and the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of
such Notes, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in such amounts as will
be sufficient without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if
any, and accrued interest to the date of maturity or redemption;
(2) no
Default or Event of Default has occurred and is continuing on the date of such deposit or will occur as a result of such deposit and such deposit will not result in a
breach or violation of, or constitute a default under, any other instrument to which the Company or any guarantor, as applicable, is a party or by which the Company or any guarantor, as applicable, is
bound;
(3) the
Company or any guarantor of such Notes has paid or caused to be paid all sums payable by it under this Indenture; and
(4) the
Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the
redemption date, as the case may be.
In
addition, the Company must deliver an Officers' Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been
satisfied.
Section
10.02 Application of Trust Money
Subject
to the provisions of Section 8.06 hereof, all money deposited with a Trustee pursuant to Section 10.1 hereof shall be held in trust and applied by it, in accordance
with the provisions of the Notes with respect to which such deposit was made and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as such Trustee may determine, to the persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with such Trustee; but
such money need not be segregated from other funds except to the extent required by law.
30
If
such Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 10.01 hereof by reason of any legal proceeding or by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company's and any applicable guarantor's obligations under this Indenture
and the applicable Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 10.01 hereof; provided that if the
Company has made any payment of principal of, premium, if any, or interest on, any Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders
of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent.
ARTICLE 11.
MISCELLANEOUS
Section 11.01 Trust Indenture Act Controls.
If
any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA Section 318(c), the imposed duties shall control.
Section 11.02 Notices.
Any
notice or communication by the Company or the Trustee to the others is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return
receipt requested), telecopier or overnight air courier guaranteeing next day delivery, to the others' address.
If
to the Company:
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
Telecopier No.: (303) 460-2691
Attention: Treasurer
If
to the Trustee:
The
Bank of New York
101 Barclay Street, Floor 8 West
New York, NY 10286
Telecopier No.: (212) 815-5707
Attention: Corporate Trust Administration
The
Company or the Trustee, by notice to the others may designate additional or different addresses for subsequent notices or communications.
All
notices and communications (other than those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days
after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery.
Any
notice or communication to a Holder shall be mailed by first class mail postage prepaid, certified or registered mail, return receipt requested, or by overnight air courier
guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication shall also be so mailed to any Person described in TIA Section 313(c), to
the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
31
If
a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.
If
the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time.
Section 11.03 Communication by Holders of Notes with Other Holders of Notes.
Holders
of any Series may communicate pursuant to TIA Section 312(b) with other Holders of the Series or any other Series with respect to their rights under this Indenture or the
Notes of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c).
Section 11.04 Certificate and Opinion as to Conditions Precedent.
Upon
any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:
(a) an
Officers' Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action
have been satisfied; and
(b) an
Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with.
Section 11.05 Statements Required in Certificate.
Each
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA
Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include:
(a) a
statement that the Person making such certificate or opinion has read such covenant or condition;
(b) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are
based;
(c) a
statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him to express an informed opinion as to
whether or not such covenant or condition has been satisfied; and
(d) a
statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied.
Section 11.06 Rules by Trustee and Agents.
The
Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions.
Section 11.07 Calculation of Foreign Currency Amounts.
The
calculation of the U.S. dollar equivalent amount for any amount denominated in a foreign currency shall be the noon buying rate in the City of New York as certified by the Federal
Reserve Bank of New York on the date on which such determination is required to be made or, if such day is not a day on which such rate is published, the rate most recently published prior to such
day.
Section 11.08 No Personal Liability of Directors, Officers, Employees and Stockholders.
No
past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, shall have any liability for any obligations of the Company under the Notes,
this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder
32
by
accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under
the federal securities laws.
Section 11.09 Governing Law.
THE
INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
Section 11.10 No Adverse Interpretation of Other Agreements.
This
Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or debt
agreement may not be used to interpret this Indenture.
Section 11.11 Successors.
All
agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors.
Section 11.12 Severability.
In
case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any
way be affected or impaired thereby.
Section 11.13 Counterpart Originals.
The
parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
Section 11.14 Table of Contents, Headings, Etc.
The
Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a
part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
ARTICLE 12.
SINKING FUNDS
Section 12.01 Applicability of Article.
The
provisions of this Article shall be applicable to any sinking fund for the retirement of the Notes of a Series, except as otherwise permitted or required by any form of Notes of such
Series issued pursuant to this Indenture.
The
minimum amount of any sinking fund payment provided for by the terms of the Notes of any Series is herein referred to as a "mandatory sinking fund
payment" and any other amount provided for by the terms of Notes of such Series is herein referred to as an "optional sinking fund
payment." If provided for by the terms of Notes of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each
sinking fund payment shall be applied to the redemption of Notes of any Series as provided for by the terms of the Notes of such Series.
33
Section 12.02 Satisfaction of Sinking Fund Payments with Notes.
The
Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Notes of any Series to be made pursuant to the terms of such Notes (1) deliver
outstanding Notes of such Series to which such sinking fund payment is applicable (other than any of such Notes previously called for mandatory sinking fund redemption) and (2) apply as credit
Notes of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such
Series of Notes (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such
Notes, provided that such Notes have not been previously so credited. Such Notes shall be received by the Trustee, together with an Officers'
Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Notes for redemption, and shall be credited for such purpose by
the Trustee at the price specified in such Notes for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the
delivery or credit of Notes in lieu of cash payments pursuant to this Section 12.02, the principal amount of Notes of such Series to be redeemed in order to exhaust the aforesaid cash payment
shall be less than $100,000, the Trustee need not call Notes of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the
Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however,
that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent
upon delivery by the Company to the Trustee of Notes of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company.
Section 12.03 Redemption of Notes for Sinking Fund.
Not
less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers' Certificate in respect of a particular Series of Notes) prior to
each sinking fund payment date for any Series of Notes, the Company will deliver to the Trustee an Officers' Certificate specifying the amount of the next ensuing mandatory sinking fund payment for
that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and
crediting of Notes of that Series pursuant to Section 12.02, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall
thereupon be obligated to pay the amount therein specified. Not less than 30 days (unless otherwise indicated in the Board Resolution, Officers' Certificate or supplemental indenture in respect
of a particular Series of Notes) before each such sinking fund payment date the Trustee shall select the Notes to be redeemed upon such sinking fund payment date in the manner specified in
Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.03. Such notice having been duly
given, the redemption of such Notes shall be made upon the terms and in the manner stated in Sections 3.04, 3.05 and 3.06.
[Signatures
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SIGNATURES
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THE BANK OF NEW YORK |
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QuickLinks
ARTICLE 2. THE NOTES
SIGNATURES
EX-5.1
3
a2167926zex-5_1.htm
EX-5.1
QuickLinks
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Exhibit 5.1
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
March
1, 2006
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
Re: |
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Ball Corporation
Registration Statement on Form S-3 |
Ladies
and Gentlemen:
I
am Vice President and General Counsel of Ball Corporation, an Indiana corporation (the "Company"), and have acted as counsel to the Company in connection with the registration
statement on Form S-3 (the "Registration Statement") to be filed on the date hereof by the Company and the Subsidiary Guarantors (as defined below) with the Securities and Exchange
Commission (the "Commission"). The Registration Statement relates to: (1) the issuance and sale by the Company from time to time, pursuant to Rule 415 ("Rule 415") of the General
Rules and
Regulations promulgated under the Securities Act of 1933, as amended (the "Securities Act"), of the following securities: (a) senior or subordinated debt securities of the Company, which may be
issued in one or more series (the "Debt Securities"); (b) guarantees of the Debt Securities (the "Subsidiary Guarantees") by subsidiaries of the Company, including guarantees of the Debt
Securities by the subsidiaries of the Company incorporated or formed pursuant to the laws of the States of Delaware and listed on Schedule I hereto (the "Delaware Subsidiary Guarantors") and
the subsidiaries of the Company incorporated pursuant to the laws of the States of Colorado and listed on Schedule II hereto (the "Colorado Subsidiary Guarantors" and, together with the
Delaware Subsidiary Guarantors, the "Subsidiary Guarantors"); (c) shares of the Company's common stock, without par value (the "Common Stock"); (d) shares of the Company's preferred
stock, without par value, to be issued in one or more series (the "Preferred Stock"); and (e) warrants to purchase Debt Securities, shares of Common Stock or shares of Preferred Stock (the
"Warrants"), with an indeterminate principal amount or number of securities of each identified class being registered as may from time to time be issued at indeterminate prices or upon conversion,
exchange or exercise of any such securities to the extent any such securities are, by their terms, convertible into, or exchangeable or exercisable for, such securities; and (2) the sale from
time to time, pursuant to Rule 415, by certain shareholders of the Company of shares of Common Stock (the "Secondary Shares"). Any Debt Securities are to be issued pursuant to the Indenture
proposed to be entered into between the Company and The Bank of New York, as trustee (the "Trustee"), a form of which is filed as an exhibit to the Registration Statement (the "Indenture"). The Debt
Securities, the Subsidiary Guarantees, the Common Stock, the Preferred Stock and the Warrants are collectively referred to herein as the "Securities."
This
opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
In
rendering the opinions set forth herein, I have examined and relied on originals or copies of the following:
(1) the
Registration Statement;
(2) the
form of Indenture;
(3) (a)
the articles of incorporation of the Company (the "Articles") and of each Colorado Subsidiary Guarantor, as amended to date and in effect on the date hereof, and
(b) the bylaws of
the
Company (the "Bylaws") and of each Colorado Subsidiary Guarantor, as amended to date and in effect on the date hereof;
(4) certain
resolutions adopted by the board of directors of the Company relating to the registration of the Securities and related matters;
(5) certain
resolutions adopted by the boards of directors of each of the Colorado Subsidiary Guarantors relating to the registration of the Subsidiary Guarantees and
related matters; and
(6) a
specimen certificate evidencing the Common Stock.
I
have also examined originals or copies, certified or otherwise identified to my satisfaction, of such records of the Company and the Subsidiary Guarantors and such agreements,
certificates and receipts of public officials, certificates of officers or other representatives of the Company, the Subsidiary Guarantors and others, and such other documents as I have deemed
necessary or appropriate as a basis for the opinions set forth below.
In
my examination, I have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to me as originals, the
conformity to original documents of all documents submitted to me as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. In making my
examination of executed documents or documents to be executed, I have assumed that the parties thereto, other than the Colorado Subsidiary Guarantors, had or will have the power, corporate or other,
to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such
documents and (except to the extent I have opined on such matters below) the validity and binding effect thereof on such parties. I have assumed that any Debt Securities that may be issued will be
issued in a form that complies with the Indenture and any supplemental indenture to be entered into in connection with the issuance of such Debt Securities and will be manually signed or
countersigned, as the case may be, by duly authorized officers of the Trustee. I have assumed that the Company and the Delaware Subsidiary Guarantors have been duly organized and are and will continue
to be validly existing in good standing, and have and will continue to have the requisite legal status and legal capacity, under the laws of their respective jurisdictions of organization and that the
Company and the Delaware Subsidiary Guarantors have complied and will comply with all aspects of the laws of all relevant jurisdictions (including the laws of their respective jurisdictions of
organization) in connection with the transactions contemplated by the Indenture and the Registration Statement.. In addition, I have also assumed that the terms of the Securities will have been
established so as not to, and that the execution and delivery by the Company and the Subsidiary Guarantors of, and the performance of their obligations under, the Indenture, any supplemental indenture
to be entered into in connection with the issuance of Debt Securities, any Warrant Agreement (as defined below) to be entered into in connection with the issuance of Warrants and the Securities, will
not, violate, conflict with or constitute a default under (1) any agreement or instrument to which the Company or any of the Subsidiary Guarantors is subject, (2) any law, rule or
regulation to which the Company or any of the Subsidiary Guarantors is subject, (3) any judicial or regulatory order or decree of any governmental authority or (4) any consent, approval,
license, authorization or validation of, or filing, recording or registration with any governmental authority. I have also assumed that the Indenture will be executed and delivered in substantially
the form reviewed by me and that the choice of New York law to govern the Indenture is a valid and legal provision. I have also assumed that (1) any stock certificates evidencing any shares of
Preferred Stock to be issued pursuant to the Registration Statement will be in a form that complies with, and the terms of such shares of Preferred Stock will be duly established in accordance with,
the Indiana Business Corporation Law, as amended (the "IBCL"); and (2) any stock certificates evidencing any shares of Common Stock to be issued pursuant to the Registration
Statement will conform to the specimen certificate which I examined and will be duly executed and delivered. As to any facts material to the opinions expressed
2
herein
which I have not independently established or verified, I have relied upon statements and representations of officers and representatives of the Company and others.
My
opinions set forth below are limited to the corporate laws of the States of Delaware, Indiana and Colorado and those laws, rules and regulations of the State of New York that, in my
experience, are normally applicable to transactions of the type contemplated by the Indenture and the Registration Statement and, to the extent that judicial or regulatory orders or decrees or
consents, approvals, licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing
being referred to as "Opined on Law"). I do not express any opinion with respect to the law of any jurisdiction other than Opined on
Law or as to the effect of any such non-Opined on Law on the opinions herein stated. I am a member of the Bar in the State of Colorado, and I have relied as to matters of Indiana law on
the opinion of Robert W. McClelland, Assistant General Counsel of the Company, dated the date hereof and to be filed as Exhibit 5.2 to the Registration Statement and I have relied as to matters
of Delaware and New York law on the opinion of Skadden, Arps, Slate, Meagher & Flom LLP dated the date hereof and to be filed as Exhibit 5.3 to the Registration Statement. The Securities
may be issued from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, which laws are subject
to change with possible retroactive effect.
Based
upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that:
(1) With
respect to any series of Debt Securities to be offered by the Company pursuant to the Registration Statement (the "Offered Debt Securities"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act and the Indenture has been qualified under the
Trust Indenture Act of 1939, as amended (the "Trust Indenture Act"); (b) an appropriate prospectus supplement or term sheet with respect to the Offered Debt Securities has been prepared,
delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Debt Securities are to be sold pursuant to a firm commitment
underwritten offering, an underwriting agreement with respect to the Offered Debt Securities has been duly authorized, executed and delivered by the Company and the other parties thereto;
(d) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve
the issuance and terms of the Offered Debt Securities and related matters; (e) the Indenture and a supplemental indenture in respect of such Offered Debt Securities has been duly authorized,
executed and delivered by each party thereto; (f) the terms of the Offered Debt Securities and of their issuance and sale have been duly established in conformity with the Indenture and any
supplemental indenture to be entered into in connection with the issuance of such Offered Debt Securities; and (g) the Offered Debt Securities have been issued in a form that complies with the
Indenture and have been duly executed and authenticated in accordance with the provisions of the Indenture and any supplemental indenture to be entered into in connection with the issuance of such
Offered Debt Securities and duly delivered to the purchasers thereof upon payment of the agreed-upon consideration therefor, the Offered Debt Securities (including any Debt Securities duly
issued upon conversion, exchange or exercise of any Securities), when issued and sold in accordance with the Indenture, any supplemental indenture to be entered into in connection with the issuance of
such Offered Debt Securities and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be valid and
binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except to the extent that enforcement thereof may be limited by (i) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws
3
now
or hereafter in effect relating to creditors' rights generally, (ii) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity),
(iii) public policy considerations which may limit the rights of the parties to obtain remedies, (iv) the waivers of any usury defense contained in the Indenture or Offered Debt
Securities that may be unenforceable, (v) requirements that a claim with respect to any Offered Debt Securities denominated in a currency, currency unit or composite currency other than United
States dollars (or a judgment denominated other than in United States dollars in respect of such claim) be converted into United States dollars at a rate of exchange prevailing on a date determined
pursuant to applicable law and (vi) governmental authority to limit, delay or prohibit the making of payments outside the United States or in foreign currencies, currency units or composite
currencies.
(2) With
respect to any Subsidiary Guarantee to be offered by any Subsidiary Guarantor of Offered Debt Securities (the "Offered Subsidiary Guarantees"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act and the Indenture has been qualified under the
Trust Indenture Act; (b) an appropriate prospectus supplement or term sheet with respect to the Offered Subsidiary Guarantees has been prepared, delivered and filed in compliance with the
Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Subsidiary Guarantees are to be issued pursuant to a firm commitment underwritten offering, an
underwriting agreement with respect to the Offered Subsidiary Guarantees has been duly authorized, executed and delivered by such Subsidiary Guarantor and the other parties thereto; (d) all
necessary entity action, including any required action by such Subsidiary Guarantor's board of directors or managers, or any authorized committee thereof, or by such Subsidiary Guarantor's members, as
applicable, or other action has been taken by such Subsidiary Guarantor to approve the issuance and terms of the Offered Subsidiary Guarantees and related matters; (e) the Indenture and a
supplemental indenture in respect of such Offered Subsidiary Guarantees has been duly authorized, executed and delivered by each party thereto; (f) the terms of the Offered Subsidiary
Guarantees and of their issuance and sale have been duly established in conformity with the Indenture and any supplemental indenture to be entered into in connection with the issuance of such Offered
Subsidiary Guarantees; and (g) the Offered Subsidiary Guarantees have been duly executed, delivered and countersigned in accordance with the provisions of the Indenture and any supplemental
indenture to be entered into in connection with the issuance of such Offered Subsidiary Guarantees and duly issued in accordance with the Indenture, any supplemental indenture to be entered into in
connection with the issuance of such Offered Subsidiary Guarantees and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or
agency agreement, the Offered Subsidiary Guarantee will be a valid and binding obligation of such Subsidiary Guarantor, enforceable against such Subsidiary Guarantor in accordance with its respective
terms, except to the extent that enforcement thereof may be limited by (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in
effect relating to creditors' rights generally, (ii) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity), (iii) public
policy considerations which may limit the rights of parties to obtain remedies, (iv) the waivers of any usury defense contained in the Indenture or Offered Debt Securities that may be
unenforceable, (v) requirements that a claim with respect to any Offered Subsidiary Guarantee of any series of Debt Securities denominated in a currency, currency unit or composite currency
other than United States dollars (or a judgment denominated other than in United States dollars in respect of such claim) be converted into United States dollars at a rate of exchange prevailing on a
date determined pursuant to applicable law and (vi) governmental authority to limit, delay or prohibit the making of payments outside the United States or in foreign currencies, currency units
or composite currencies.
4
(3) With
respect to any shares of Common Stock (other than Secondary Shares) to be offered by the Company pursuant to the Registration Statement (the "Offered Common
Shares"), when (a) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an
appropriate prospectus supplement or term sheet with respect to the Offered Common Shares has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and
regulations thereunder; (c) if the Offered Common Shares are to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to such Offered Common
Shares has been duly authorized, executed and delivered by the Company and the other parties thereto; (d) the Board of Directors of the
Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance of the Offered Common Shares,
the consideration to be received therefor and related matters; (e) the terms of the issuance and sale of the Offered Common Stock have been duly established in conformity with the Articles (as
then in effect) and Bylaws (as then in effect); and (f) certificates in the form required under the IBCL representing the Offered Common Shares are duly executed, countersigned, registered and
delivered upon payment of the agreed-upon consideration therefor, the Offered Common Shares (including any shares of Common Stock duly issued upon conversion, exchange or exercise of any
Securities), when issued and sold in accordance with the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or agency agreement,
will be validly issued, fully paid and nonassessable, provided that the consideration therefor is not less than the par value thereof, if any. In rendering the opinion set forth in this
Paragraph 3, I have assumed that, at the time of issuance of any Offered Common Shares, (i) the Articles, the Bylaws and the IBCL shall not have been amended after the date hereof so as
to affect the validity of such issuance, and (ii) there shall be sufficient shares of Common Stock authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
(4) With
respect to any Secondary Shares to be offered pursuant to the Registration Statement (the "Offered Secondary Shares"), the Offered Secondary Shares have been
validly issued and are fully paid and nonassessable.
(5) With
respect to any series of Preferred Shares to be offered by the Company pursuant to the Registration Statement (the "Offered Preferred Shares"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an appropriate prospectus
supplement or term sheet with respect to the Offered Preferred Shares has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder;
(c) if the Offered Preferred Shares are to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Preferred Shares has been duly
authorized, executed and delivered by the Company and the other parties thereto; (d) the Board of Directors of the Company, including any appropriate committee appointed thereby, and
appropriate officers of the Company have taken all necessary corporate action to approve the issuance and terms of the Offered Preferred Shares, the consideration to be received therefor and related
matters, including the adoption of a articles of amendment to the Articles for such Offered Preferred Shares (the "Designation Amendment") in accordance with the applicable provisions of the IBCL;
(e) the filing of the Designation Amendment with the Secretary of State of the State of Indiana has duly occurred; (f) the terms of the Offered Preferred Shares and of their issuance and
sale have been duly established in conformity with the Articles (as then in effect), including the Designation Amendment relating to the Offered Preferred Shares, and the Bylaws (as then in effect);
and (g) certificates in the form required under the IBCL representing the Offered Preferred Shares are duly executed, countersigned, registered and delivered upon payment of the
agreed-upon consideration therefor, the Offered Preferred Shares (including any shares of Preferred Stock duly issued upon conversion,
5
exchange
or exercise of any Securities), when issued or sold in accordance with the applicable underwriting agreement or any other duly authorized, executed and delivered valid and binding purchase or
agency agreement, will be duly authorized, validly issued, fully paid and nonassessable, provided that the consideration therefor is not less than the par value thereof, if any. In rendering the
opinion set forth in this Paragraph 5, I have assumed that, at the time of issuance of any Offered Preferred Shares, (i) the Articles, Bylaws and the IBCL shall not have been amended
after the date hereof so as to affect the validity of such issuance, and (ii) there shall be sufficient shares of Preferred Stock authorized under the Articles (as then in effect) and not
otherwise reserved for issuance.
(6) With
respect to any Warrants to be offered by the Company pursuant to the Registration Statement (the "Offered Warrants"), when (a) the Registration Statement, as
finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an appropriate prospectus supplement or term sheet with
respect to the Offered Warrants has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Warrants are
to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Warrants has been duly authorized, executed and delivered by the Company and the
other parties thereto; (d) the Offered Warrants and the securities of the Company into which the Offered Warrants are exercisable have been duly authorized by the Board of Directors of the
Company (or a duly authorized committee thereof); (e) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have
taken all necessary corporate action to approve the issuance and terms of the Offered Warrants, the consideration to be received therefor and related matters; (f) a warrant agreement relating
to the Offered Warrants (the "Warrant Agreement") has been duly authorized, executed and delivered by the Company and the other parties thereto; (g) the terms of the Offered Warrants and of
their issuance and sale have been duly established in conformity with the Articles (as then in effect), the Bylaws (as then in effect) and the Warrant Agreement; and (h) the
Offered Warrants are duly executed, countersigned and registered in accordance with the Warrant Agreement and duly delivered upon payment of the agreed-upon consideration therefor in the
manner contemplated in the Registration Statement or any prospectus supplement or term sheet relating thereto, the Offered Warrants, when issued and sold in accordance with the applicable underwriting
agreement or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be duly authorized and validly issued and will constitute valid and binding
obligations of the Company, enforceable against the Company in accordance with their terms.
I
hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. I also consent to the use of my name under the heading "Legal Matters" in
the Registration Statement. In giving this consent, I do not thereby admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and
Regulations of the Commission. This opinion is expressed as of the date hereof unless otherwise expressly stated, and I disclaim any undertaking to advise you of any subsequent changes of the facts
stated or assumed herein or any subsequent changes in applicable law.
|
|
Very truly yours, |
|
|
/s/ Charles E. Baker |
|
|
Charles E. Baker
Vice President and General Counsel |
6
Schedule I
Delaware Subsidiary Guarantors
Ball
Aerosol and Specialty Container Corporation
Ball Aerospace & Technologies Corp.
Ball Delaware Holdings, LLC
Ball Metal Food Container Corp.
Ball Metal Food Container, LLC
Ball Pan-European Holdings, Inc.
BG Holdings I, Inc.
BG Holdings II, Inc.
Latas de Aluminio Ball, Inc.
Schedule II
Colorado Subsidiary Guarantors
Ball
Metal Beverage Container Corp.
Ball Metal Packaging Sales Corp.
Ball Packaging Corp.
Ball Plastic Container Corp.
Ball Technologies Holdings Corp.
Efratom Holding, Inc.
Metal Packaging International, Inc.
QuickLinks
Schedule I Delaware Subsidiary Guarantors
Schedule II Colorado Subsidiary Guarantors
EX-5.2
4
a2167926zex-5_2.htm
EX-5.2
Exhibit 5.2
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
March
1, 2006
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
Re: |
|
Ball Corporation
Registration Statement on Form S-3 |
Ladies
and Gentlemen:
I
am Assistant General Counsel of Ball Corporation, an Indiana corporation (the "Company"), and have acted as counsel to the Company in connection with the registration statement on
Form S-3 (the "Registration Statement") to be filed on the date hereof by the Company and certain subsidiaries of the Company (the "Subsidiary Guarantors") with the Securities and
Exchange Commission (the "Commission"). The Registration Statement relates to: (1) the issuance and sale by the Company from time to time, pursuant to Rule 415 ("Rule 415") of the
General Rules and
Regulations promulgated under the Securities Act of 1933, as amended (the "Securities Act"), of the following securities: (a) senior or subordinated debt securities of the Company, which may be
issued in one or more series (the "Debt Securities"); (b) guarantees of the Debt Securities (the "Subsidiary Guarantees") by the Subsidiary Guarantors; (c) shares of the Company's common
stock, without par value (the "Common Stock"); (d) shares of the Company's preferred stock, without par value, to be issued in one or more series (the "Preferred Stock"); and
(e) warrants to purchase Debt Securities, shares of Common Stock or shares of Preferred Stock (the "Warrants"), with an indeterminate principal amount or number of securities of each identified
class being registered as may from time to time be issued at indeterminate prices or upon conversion, exchange or exercise of any such securities to the extent any such securities are, by their terms,
convertible into, or exchangeable or exercisable for, such securities; and (2) the sale from time to time, pursuant to Rule 415, by certain shareholders of the Company of shares of
Common Stock (the "Secondary Shares"). Any Debt Securities are to be issued pursuant to the Indenture proposed to be entered into between the Company and The Bank of New York, as trustee (the
"Trustee"), a form of which is filed as an exhibit to the Registration Statement (the "Indenture"). The Debt Securities, the Subsidiary Guarantees, the Common Stock, the Preferred Stock and the
Warrants are collectively referred to herein as the "Securities."
This
opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
In
rendering the opinions set forth herein, I have examined and relied on originals or copies of the following:
(1) the
Registration Statement;
(2) the
form of Indenture;
(3) the
articles of incorporation of the Company (the "Articles"), as amended to date and in effect on the date hereof, and the bylaws of the Company (the "Bylaws"), as
amended to date and in effect on the date hereof;
(4) certain
resolutions adopted by the board of directors of the Company relating to the registration of the Securities and related matters;
(5) a
specimen certificate evidencing the Common Stock.
I
have also examined originals or copies, certified or otherwise identified to my satisfaction, of such records of the Company and such agreements, certificates and receipts of public
officials, certificates of officers or other representatives of the Company and others, and such other documents as I have deemed necessary or appropriate as a basis for the opinions set forth below.
In
my examination, I have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to me as originals, the
conformity to original documents of all documents submitted to me as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. In making my
examination of executed documents or documents to be executed, I have assumed that the parties thereto, other than the Company, had or will have the power, corporate or other, to enter into and
perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents and (except
to the extent I have opined on such matters below) the validity and binding effect thereof on such parties. I have assumed that any Debt Securities that may be issued will be issued in a form that
complies with the Indenture and any supplemental indenture to be entered into in connection with the issuance of such Debt Securities and will be manually signed or countersigned, as the case may be,
by duly authorized officers of the Trustee. In addition, I have also assumed that the terms of the Securities will have been established so as not to, and that the execution and delivery by the
Company, and the performance of its obligations under, the Indenture, any supplemental indenture to be entered into in connection with the issuance of Debt Securities, any Warrant Agreement (as
defined below) to be entered into in connection with the issuance of Warrants and the Securities, will not, violate, conflict with or constitute a default under (1) any agreement or instrument
to which the Company is subject, (2) any law, rule or regulation to which the Company is subject, (3) any judicial or regulatory order or decree of any governmental authority or
(4) any consent, approval, license, authorization or validation of, or filing, recording or registration with any governmental authority. I have also assumed that the Indenture will be executed
and delivered in substantially the form reviewed by me and that the choice of New York law to govern the Indenture is a valid and legal provision. I have also assumed that (1) any stock
certificates evidencing any shares of Preferred Stock to be issued pursuant to the Registration Statement will be in a form that complies with, and the terms of such shares of Preferred Stock will be
duly established in accordance with, the Indiana Business Corporation Law, as amended (the "IBCL"); and (2) any stock certificates evidencing any shares of Common Stock to be
issued pursuant to the Registration Statement will conform to the specimen certificate which I examined and will be duly executed and delivered. As to any facts material to the opinions expressed
herein which I have not independently established or verified, I have relied upon statements and representations of officers and representatives of the Company and others.
My
opinions set forth below are limited to the corporate laws of the State of Indiana and those laws, rules and regulations of the State of New York that, in my experience, are normally
applicable to transactions of the type contemplated by the Indenture and the Registration Statement and, to the extent that judicial or regulatory orders or decrees or consents, approvals, licenses,
authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing being referred to as "Opined on
Law"). I do not express any opinion with respect to the law of any jurisdiction other than Opined on Law or as to the effect of any such non-Opined on Law on the opinions herein stated. I
am a member of the Bar in the State of Indiana, and I have relied as to matters of New York law on the opinion of Skadden, Arps, Slate, Meagher & Flom LLP dated the date hereof and to be filed
as Exhibit 5.3 to the Registration Statement. The Securities may be issued from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and
regulations, as in effect on the date hereof, which laws are subject to change with possible retroactive effect.
2
Based
upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that:
(1) With
respect to any series of Debt Securities to be offered by the Company pursuant to the Registration Statement (the "Offered Debt Securities"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act and the Indenture has been qualified under the
Trust Indenture Act of 1939, as amended; (b) an appropriate prospectus supplement or term sheet with respect to the Offered Debt Securities has been prepared, delivered and filed in compliance
with the Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Debt Securities are to be sold pursuant to a firm commitment underwritten offering, an
underwriting agreement with respect to the Offered Debt Securities has been duly authorized, executed and delivered by the Company and the other parties thereto; (d) the Board of Directors of
the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance and terms of the Offered
Debt Securities and related matters; (e) the Indenture and a supplemental indenture in respect of such Offered Debt Securities has been duly authorized, executed and delivered by each party
thereto; (f) the terms of the Offered Debt Securities and of their issuance and sale have been duly established in conformity with the Indenture and any supplemental indenture to be entered
into in connection with the issuance of such Offered Debt Securities; and (g) the Offered Debt Securities have been issued in a form that complies with the Indenture and have been duly executed
and authenticated in accordance with the provisions of the Indenture and any supplemental indenture to be entered into in connection with the issuance of such Offered Debt Securities and duly
delivered to the purchasers thereof upon payment of the agreed-upon consideration therefor, the Offered Debt Securities (including any Debt Securities duly issued upon conversion, exchange
or exercise of any Securities), when issued and sold in accordance with the Indenture, any supplemental indenture to be entered into in connection with the issuance of such Offered Debt Securities and
the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be valid and binding obligations of the
Company, enforceable against the Company in accordance with their respective terms, except to the extent that enforcement thereof may be limited by (i) bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or other similar laws now or hereafter in
effect relating to creditors' rights generally, (ii) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity), (iii) public
policy considerations which may limit the rights of the parties to obtain remedies, (iv) the waivers of any usury defense contained in the Indenture or Offered Debt Securities that may be
unenforceable, (v) requirements that a claim with respect to any Offered Debt Securities denominated in a currency, currency unit or composite currency other than United States dollars (or a
judgment denominated other than in United States dollars in respect of such claim) be converted into United States dollars at a rate of exchange prevailing on a date determined pursuant to applicable
law and (vi) governmental authority to limit, delay or prohibit the making of payments outside the United States or in foreign currencies, currency units or composite currencies.
(2) With
respect to any shares of Common Stock (other than Secondary Shares) to be offered by the Company pursuant to the Registration Statement (the "Offered Common
Shares"), when (a) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an
appropriate prospectus supplement or term sheet with respect to the Offered Common Shares has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and
regulations thereunder; (c) if the Offered Common Shares are to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to such Offered Common
Shares has been duly authorized, executed and delivered by the Company and the other parties thereto;
3
(d) the
Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve
the issuance of the Offered Common Shares, the consideration to be received therefor and related matters; (e) the terms of the issuance and sale of the Offered Common Stock have been duly
established in conformity with the Articles (as then in effect) and Bylaws (as then in effect); and (f) certificates in the form required under the IBCL representing the Offered Common Shares
are duly executed, countersigned, registered and delivered upon payment of the agreed-upon consideration therefor, the Offered Common Shares (including any shares of Common Stock duly
issued upon conversion, exchange or exercise of any Securities), when issued and sold in accordance with the applicable underwriting agreement, if any, or any other duly authorized, executed and
delivered valid and binding purchase or agency agreement, will be validly issued, fully paid and nonassessable, provided that the consideration therefor is not less than the par value thereof, if any.
In rendering the opinion set forth in this Paragraph 2, I have assumed that, at the time of issuance of any Offered Common Shares, (i) the Articles, the Bylaws and the IBCL shall not
have been amended after the date hereof so as to affect the validity of such issuance, and (ii) there shall be sufficient shares of Common Stock authorized under the Articles (as then in
effect) and not otherwise reserved for issuance.
(3) With
respect to any Secondary Shares to be offered pursuant to the Registration Statement (the "Offered Secondary Shares"), the Offered Secondary Shares have been
validly issued and are fully paid and nonassessable.
(4) With
respect to any series of Preferred Shares to be offered by the Company pursuant to the Registration Statement (the "Offered Preferred Shares"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an appropriate prospectus
supplement or term sheet with respect to the Offered Preferred Shares has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder;
(c) if the Offered Preferred Shares are to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Preferred Shares has been duly
authorized, executed and delivered by the Company and the other parties thereto; (d) the Board of Directors of the Company, including any appropriate committee appointed thereby, and
appropriate officers of the Company have taken all necessary corporate action to approve the issuance and terms of the Offered Preferred Shares, the consideration to be received therefor and related
matters, including the adoption of a articles of amendment to the Articles for such Offered Preferred Shares (the "Designation Amendment") in accordance with the applicable provisions of the IBCL;
(e) the filing of the Designation Amendment with the Secretary of State of the State of Indiana has duly occurred; (f) the terms of the Offered Preferred Shares and of their issuance and
sale have been duly established in conformity with the Articles (as then in effect), including the Designation Amendment relating to the Offered Preferred Shares, and the Bylaws (as then in effect);
and (g) certificates in the form required under the IBCL representing the Offered Preferred Shares are duly executed, countersigned, registered and delivered upon payment of the
agreed-upon consideration therefor, the Offered Preferred Shares (including any shares of Preferred Stock duly issued upon conversion, exchange or exercise of any Securities), when issued
or sold in accordance with the applicable underwriting agreement or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be duly authorized, validly
issued, fully paid and nonassessable, provided that the consideration therefor is not less than the par value thereof, if any. In rendering the opinion set forth in this Paragraph 4, I have
assumed that, at the time of issuance of any Offered Preferred Shares, (i) the Articles, Bylaws and the IBCL shall not have been amended after the date hereof so as to affect the validity of
such issuance, and (ii) there shall be sufficient shares of Preferred Stock authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
4
(5) With
respect to any Warrants to be offered by the Company pursuant to the Registration Statement (the "Offered Warrants"), when (a) the Registration Statement, as
finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (b) an appropriate prospectus supplement or term sheet with
respect to the Offered Warrants has been prepared, delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Warrants are
to be sold pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Warrants has been duly authorized, executed and delivered by the Company and the
other parties thereto; (d) the Offered Warrants and the securities of the Company into which the Offered Warrants are exercisable have been duly authorized by the Board of Directors of the
Company (or a duly authorized committee thereof); (e) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have
taken all necessary corporate action to approve the issuance and terms of the Offered Warrants, the consideration to be received therefor and related matters; (f) a warrant agreement relating
to the Offered Warrants (the "Warrant Agreement") has been duly authorized, executed and delivered by the Company and the other parties thereto; (g) the terms of the Offered Warrants and of
their issuance and sale have been duly established in conformity with the Articles (as then in effect), the Bylaws (as then in effect) and the Warrant Agreement; and (h) the
Offered Warrants are duly executed, countersigned and registered in accordance with the Warrant Agreement and duly delivered upon payment of the agreed-upon consideration therefor in the
manner contemplated in the Registration Statement or any prospectus supplement or term sheet relating thereto, the Offered Warrants, when issued and sold in accordance with the applicable underwriting
agreement or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be duly authorized and validly issued and will constitute valid and binding
obligations of the Company, enforceable against the Company in accordance with their terms.
I
hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. I also consent to the use of my name under the heading "Legal Matters" in
the Registration Statement. In giving this consent, I do not thereby admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and
Regulations of the Commission. This opinion is expressed as of the date hereof unless otherwise expressly stated, and I disclaim any undertaking to advise you of any subsequent changes of the facts
stated or assumed herein or any subsequent changes in applicable law.
|
|
Very truly yours, |
|
|
/s/ Robert W. McClelland |
|
|
Robert W. McClelland
Assistant General Counsel |
5
EX-5.3
5
a2167926zex-5_3.htm
EX-5.3
QuickLinks
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Exhibit 5.3
Skadden,
Arps, Slate, Meagher & Flom LLP
333 West Wacker Drive
Chicago, Illinois 60606-1285
(312) 407-0700
Fax: (312) 407-0411
http://www.skadden.com
March
1, 2006
Ball
Corporation
10 Longs Peak Drive
Broomfield, Colorado 80021-2510
Re: |
|
Ball Corporation
Registration Statement on Form S-3 |
Ladies
and Gentlemen:
We
have acted as special counsel to Ball Corporation, an Indiana corporation (the "Company"), in connection with the registration statement on Form S-3 (the
"Registration Statement") to be filed on the date hereof by the Company and the Subsidiary Guarantors (as defined below) with the Securities and Exchange Commission (the "Commission"). The
Registration Statement relates to: (1) the issuance and sale by the Company from time to time, pursuant to Rule 415 ("Rule 415") of the General Rules and Regulations promulgated
under the Securities Act of 1933, as amended (the "Securities Act"), of the following securities: (a) senior or subordinated debt securities of the Company, which may be issued in one or more
series (the "Debt Securities"); (b) guarantees of the Debt Securities (the "Subsidiary Guarantees") by subsidiaries of the Company, including guarantees of the Debt Securities by the
subsidiaries of the Company incorporated or formed pursuant to the laws of the States of Delaware and listed on Schedule I hereto (the "Delaware Subsidiary Guarantors") and the subsidiaries of
the Company listed on Schedule II hereto (the "Non-Delaware Subsidiary Guarantors" and, together with the Delaware Subsidiary Guarantors, the "Subsidiary Guarantors");
(c) shares of the Company's common stock, without par value (the "Common Stock"); (d) shares of the Company's preferred stock, without par value, to be issued in one or more series (the
"Preferred Stock"); and (e) warrants to purchase Debt Securities, shares of Common Stock or shares of Preferred Stock (the "Warrants"), with an indeterminate principal amount or number of
securities of each identified class being registered as may from time to time be issued at indeterminate prices or upon conversion, exchange or exercise of any such securities to the extent any such
securities are, by their terms, convertible into, or exchangeable or exercisable for, such securities; and (2) the sale from time to time, pursuant to Rule 415, by certain shareholders
of the Company of shares of Common Stock. Any Debt Securities are to be issued pursuant to the Indenture proposed to be entered into between the Company and The Bank of New York, as trustee (the
"Trustee"), a form of which is filed as an exhibit to the Registration Statement (the "Indenture"). The Debt Securities, the Subsidiary Guarantees, the Common Stock, the Preferred Stock and the
Warrants are collectively referred to herein as the "Securities."
This
opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
In
rendering the opinions set forth herein, we have examined and relied on originals or copies of the following:
(1) the
Registration Statement;
(2) the
form of Indenture;
(3) (a)
the certificates of incorporation and the bylaws of each of the Delaware Subsidiary Guarantors that are corporations, and (b) the certificates of formation
and the limited liability
company
agreement or operating agreement of each of the Delaware Subsidiary Guarantors that are limited liability companies; and
(4) certain
resolutions adopted by the board of directors or managers or the member(s), as applicable, of each of the Delaware Subsidiary Guarantors relating to the
registration of the Subsidiary Guarantees and related matters.
We
have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and the Subsidiary Guarantors and such agreements,
certificates and receipts of public officials, certificates of officers or other representatives of the Company, the Subsidiary Guarantors and others, and such other documents as we have deemed
necessary or appropriate as a basis for the opinions set forth below.
In
our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the
conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. In making our
examination of executed documents or documents to be executed, we have assumed that the parties thereto, excluding the Delaware Subsidiary Guarantors but including the Company and the
Non-Delaware Subsidiary Guarantors, had or will have the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all
requisite action, corporate or other, and the execution and delivery by such parties of such documents and (except to the extent we have opined on such matters below) the validity and binding effect
thereof on such parties. We have assumed that any Debt Securities that may be issued will be issued in a form that complies with the Indenture and any supplemental indenture to be entered into in
connection with the issuance of such Debt Securities and will be manually signed or countersigned, as the case may be, by duly authorized officers of the Trustee. We have also assumed that the Company
and the Non-Delaware Subsidiary Guarantors have been duly organized and are and will continue to be validly existing in good standing, and have and will continue to have the requisite
legal status and legal capacity, under the laws of their respective jurisdictions of organization and that the Company and the Non-Delaware Subsidiary Guarantors have complied and will
comply with all aspects of the laws of all relevant jurisdictions (including the laws of their respective jurisdictions of organization) in connection with the transactions contemplated by the
Indenture and the Registration Statement. In addition, we have also assumed that the terms of the Debt Securities will have been established so as not to, and that the execution and delivery by the
Company and the Subsidiary Guarantors of, and the performance of their obligations under, the Indenture, any supplemental indenture to be entered into in connection with the issuance of
Debt Securities and the Debt Securities, will not, violate, conflict with or constitute a default under (1) any agreement or instrument to which the Company or any of the Subsidiary Guarantors
is subject, (2) any law, rule or regulation to which the Company or any of the Subsidiary Guarantors is subject, (3) any judicial or regulatory order or decree of any governmental
authority or (4) any consent, approval, license, authorization or validation of, or filing, recording or registration with any governmental authority. We have also assumed that the Indenture
will be executed and delivered in substantially the form reviewed by us and that the choice of New York law to govern the Indenture is a valid and legal provision. As to any facts material to the
opinions expressed herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Company, the Subsidiary
Guarantors and others.
Our
opinions set forth below are limited to the corporate laws of the State of Delaware and those laws, rules and regulations of the State of New York that, in our experience, are
normally applicable to transactions of the type contemplated by the Indenture and the Registration Statement and, to the extent that judicial or regulatory orders or decrees or consents, approvals,
licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing being referred to as
"Opined on Law"). We do not
2
express
any opinion with respect to the laws of any jurisdiction other than Opined on Law or as to the effect of any such non-Opined on Law on the opinions herein stated. The Debt
Securities may be issued from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, which laws
are subject to change with possible retroactive effect. Charles E. Baker, Vice President and General Counsel of the Company, and Robert W. McClelland, Assistant General Counsel of the Company, may
rely on this opinion in rendering their respective opinions each to be dated the date hereof and filed as Exhibit 5.1 and 5.2, respectively, to the Registration Statement.
Based
upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that:
(1) With
respect to any series of Debt Securities to be offered by the Company pursuant to the Registration Statement (the "Offered Debt Securities"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act and the Indenture has been qualified under the
Trust Indenture Act of 1939, as amended (the "Trust Indenture Act"); (b) an appropriate prospectus supplement or term sheet with respect to the Offered Debt Securities has been prepared,
delivered and filed in compliance with the Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Debt Securities are to be sold pursuant to a firm commitment
underwritten offering, an underwriting agreement with respect to the Offered Debt Securities has been duly authorized, executed and delivered by the Company and the other parties thereto;
(d) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve
the issuance and terms of the Offered Debt Securities and related matters; (e) the Indenture and a supplemental indenture in respect of such Offered Debt Securities has been duly authorized,
executed and delivered by each party thereto; (f) the terms of the Offered Debt Securities and of their issuance and sale have been duly established in conformity with the Indenture and any
supplemental indenture to be entered into in connection with the issuance of such Offered Debt Securities; and (g) the Offered Debt Securities have been issued in a form that complies with the
Indenture and have been duly executed and authenticated in accordance with the provisions of the Indenture and any supplemental indenture to be entered into in connection with the issuance of such
Offered Debt Securities and duly delivered to the purchasers thereof upon payment of the agreed-upon consideration therefor, the Offered Debt Securities (including any Debt Securities duly
issued upon conversion, exchange or exercise of any Securities), when issued and sold in accordance with the Indenture, any supplemental indenture to be entered into in connection with the issuance of
such Offered Debt Securities and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, will be valid and
binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except to the extent that enforcement thereof may be limited by (i) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, (ii) general principles of equity
(regardless of whether enforceability is considered in a proceeding at law or in equity), (iii) public policy considerations which may limit the rights of the parties to obtain remedies,
(iv) the waivers of any usury defense contained in the Indenture or Offered Debt Securities that may be unenforceable, (v) requirements that a claim with respect to any Offered Debt
Securities denominated in a currency, currency unit or composite currency other than United States dollars (or a judgment denominated other than in United States dollars in respect of such claim) be
converted into United States dollars at a rate of exchange prevailing on a date determined pursuant to applicable law and (vi) governmental authority to limit, delay or prohibit the making of
payments outside the United States or in foreign currencies, currency units or composite currencies.
3
(2) With
respect to any Subsidiary Guarantee to be offered by any Subsidiary Guarantor of Offered Debt Securities (the "Offered Subsidiary Guarantees"), when (a) the
Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act and the Indenture has been qualified under the
Trust Indenture Act; (b) an appropriate prospectus supplement or term sheet with respect to the Offered Subsidiary Guarantees has been prepared, delivered and filed in compliance with the
Securities Act and the applicable rules and regulations thereunder; (c) if the Offered Subsidiary Guarantees are to be issued pursuant to a firm commitment underwritten offering, an
underwriting agreement with respect to the Offered Subsidiary
Guarantees has been duly authorized, executed and delivered by such Subsidiary Guarantor and the other parties thereto; (d) all necessary entity action, including any required action by such
Subsidiary Guarantor's board of directors or managers, or any authorized committee thereof, or by such Subsidiary Guarantor's members, as applicable, or other action has been taken by such Subsidiary
Guarantor to approve the issuance and terms of the Offered Subsidiary Guarantees and related matters; (e) the Indenture and a supplemental indenture in respect of such Offered Subsidiary
Guarantees has been duly authorized, executed and delivered by each party thereto; (f) the terms of the Offered Subsidiary Guarantees and of their issuance and sale have been duly established
in conformity with the Indenture and any supplemental indenture to be entered into in connection with the issuance of such Offered Subsidiary Guarantees; and (g) the Offered Subsidiary
Guarantees have been duly executed, delivered and countersigned in accordance with the provisions of the Indenture and any supplemental indenture to be entered into in connection with the issuance of
such Offered Subsidiary Guarantees and duly issued in accordance with the Indenture, any supplemental indenture to be entered into in connection with the issuance of such Offered Subsidiary Guarantees
and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding purchase or agency agreement, the Offered Subsidiary Guarantee will be a valid
and binding obligation of such Subsidiary Guarantor, enforceable against such Subsidiary Guarantor in accordance with its respective terms, except to the extent that enforcement thereof may be limited
by (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, (ii) general
principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity), (iii) public policy considerations which may limit the rights of parties to obtain
remedies, (iv) the waivers of any usury defense contained in the Indenture or Offered Debt Securities that may be unenforceable, (v) requirements that a claim with respect to any Offered
Subsidiary Guarantee of any series of Debt Securities denominated in a currency, currency unit or composite currency other than United States dollars (or a judgment denominated other than in United
States dollars in respect of such claim) be converted into United States dollars at a rate of exchange prevailing on a date determined pursuant to applicable law and (vi) governmental authority
to limit, delay or prohibit the making of payments outside the United States or in foreign currencies, currency units or composite currencies.
We
hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. We also consent to the reference to our firm under the heading "Legal
Matters" in the Registration Statement. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or
the Rules and Regulations of the Commission. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes
of the facts stated or assumed herein or any subsequent changes in applicable law.
|
|
Very truly yours, |
|
|
/s/ Skadden, Arps, Slate, Meagher & Flom LLP |
4
Schedule I
Delaware Subsidiary Guarantors
Ball
Aerosol and Specialty Container Corporation
Ball Aerospace & Technologies Corp.
Ball Delaware Holdings, LLC
Ball Metal Food Container Corp.
Ball Metal Food Container, LLC
Ball Pan-European Holdings, Inc.
BG Holdings I, Inc.
BG Holdings II, Inc.
Latas de Aluminio Ball, Inc.
Schedule II
Non-Delaware Subsidiary Guarantors
Ball
Metal Beverage Container Corp.
Ball Metal Packaging Sales Corp.
Ball Packaging Corp.
Ball Plastic Container Corp.
Ball Technologies Holdings Corp.
Efratom Holding, Inc.
Metal Packaging International, Inc.
QuickLinks
Schedule I Delaware Subsidiary Guarantors
Schedule II Non-Delaware Subsidiary Guarantors
EX-23.1
6
a2167926zex-23_1.htm
EX-23.1
QuickLinks
-- Click here to rapidly navigate through this document
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of our report dated February 22, 2006
relating to the financial statements, management's assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting,
which appears in Ball Corporation's Annual Report on form 10-K for the year ended December 31, 2005. We also consent to the reference to us under the heading "Experts" in
such Registration Statement.
/s/ PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP |
|
|
Denver,
Colorado
March 1, 2006
QuickLinks
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
EX-25.1
7
a2167926zex-25_1.htm
EX-25.1
Exhibit 25.1
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) o
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York
(State of incorporation
if not a U.S. national bank) |
|
13-5160382
(I.R.S. employer
identification no.) |
One Wall Street, New York, N.Y.
(Address of principal executive offices) |
|
10286
(Zip code) |
BALL CORPORATION
(Exact name of obligor as specified in its charter)
Indiana
(State or other jurisdiction of
incorporation or organization) |
|
35-0160610
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado
(Address of principal executive offices) |
|
80021-2510
(Zip code) |
Ball Aerosol and Specialty Container Corporation
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization) |
|
87-0762488
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado
(Address of principal executive offices) |
|
80021-2510
(Zip code) |
Ball Aerospace & Technologies Corp.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization) |
|
84-1315001
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado
(Address of principal executive offices) |
|
80021-2510
(Zip code) |
Ball Delaware Holdings, LLC
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization) |
|
33-1022314
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado
(Address of principal executive offices) |
|
80021-2510
(Zip code) |
Ball Metal Beverage Container Corp.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1326644 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Metal Food Container Corp.
(Exact name of obligor as specified in its charter)
Delaware |
|
22-2414869 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Metal Food Container, LLC
(Exact name of obligor as specified in its charter)
Delaware |
|
84-1534521 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Metal Packaging Sales Corp.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1326641 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Packaging Corp.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1326640 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Pan-European Holdings, Inc.
(Exact name of obligor as specified in its charter)
Delaware |
|
33-1022314 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
14270 Ramona Avenue
Chino, California |
|
91710 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Plastic Container Corp.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1326643 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Ball Technologies Holdings Corp.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1220333 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Zip code) |
|
(Address of principal executive offices) |
BG Holdings I, Inc.
(Exact name of obligor as specified in its charter)
Delaware |
|
35-1960867 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
BG Holdings II, Inc.
(Exact name of obligor as specified in its charter)
Delaware |
|
35-1960866 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Efratom Holding, Inc.
(Exact name of obligor as specified in its charter)
Colorado |
|
31-1421208 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Latas de Aluminio Ball, Inc.
(Exact name of obligor as specified in its charter)
Delaware |
|
54-1088943 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
9300 West 108th Circle
Broomfield, Colorado |
|
80021-3682 |
(Address of principal executive offices) |
|
(Zip code) |
Metal Packaging International, Inc.
(Exact name of obligor as specified in its charter)
Colorado |
|
84-1111796 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. employer
identification no.) |
10 Longs Peak Drive, P.O. Box 5000
Broomfield, Colorado |
|
80021-2510 |
(Address of principal executive offices) |
|
(Zip code) |
Debt Securities
(Title of the indenture securities)
1. General information. Furnish the following information as to the Trustee:
- (a)
- Name and address of each examining or supervising authority to which it is subject.
Name
|
|
Address
|
Superintendent of Banks of the State of New York |
|
One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223 |
Federal Reserve Bank of New York |
|
33 Liberty Street, New York, N.Y. 10045 |
Federal Deposit Insurance Corporation |
|
Washington, D.C. 20429 |
New York Clearing House Association |
|
New York, New York 10005 |
- (b)
- Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29
under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
- 1.
- A
copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers
to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement
No. 33-29637 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195.)
- 4.
- A
copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195.)
- 6.
- The
consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement
No. 333-106702.)
- 7.
- A
copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly
caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 28th day of
February, 2006.
|
|
THE BANK OF NEW YORK |
|
|
By: |
|
/s/ BEATA HRYNIEWICKA Name: Beata Hryniewicka
Title: Assistant Treasurer |
EXHIBIT 7
Consolidated
Report of Condition of
THE
BANK OF NEW YORK
of
One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a
member of the Federal Reserve System, at the close of business December 31, 2005, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the
provisions of the Federal Reserve Act.
|
|
Dollar Amounts
In Thousands
|
|
ASSETS |
|
|
|
|
Cash and balances due from depository institutions: |
|
|
|
|
|
Noninterest-bearing balances and currency and coin |
|
$ |
3,361,000 |
|
|
Interest-bearing balances |
|
|
7,528,000 |
|
Securities: |
|
|
|
|
|
Held-to-maturity securities |
|
|
1,977,000 |
|
|
Available-for-sale securities |
|
|
22,664,000 |
|
Federal funds sold and securities purchased under agreements to resell |
|
|
|
|
|
Federal funds sold in domestic offices |
|
|
809,000 |
|
|
Securities purchased under agreements to resell |
|
|
309,000 |
|
Loans and lease financing receivables: |
|
|
|
|
|
Loans and leases held for sale |
|
|
0 |
|
|
Loans and leases, net of unearned income |
|
|
33,263,000 |
|
|
LESS: Allowance for loan and lease losses |
|
|
408,000 |
|
|
Loans and leases, net of unearned income and allowance |
|
|
32,855,000 |
|
Trading assets |
|
|
5,625,000 |
|
Premises and fixed assets (including capitalized leases) |
|
|
821,000 |
|
Other real estate owned |
|
|
0 |
|
Investments in unconsolidated subsidiaries and associated companies |
|
|
283,000 |
|
Customers' liability to this bank on acceptances outstanding |
|
|
117,000 |
|
Intangible assets: |
|
|
|
|
|
Goodwill |
|
|
2,138,000 |
|
|
Other intangible assets |
|
|
764,000 |
|
|
Other assets |
|
|
6,617,000 |
|
|
|
|
|
|
Total assets |
|
$ |
85,868,000 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
Deposits: |
|
|
|
|
|
In domestic offices |
|
$ |
38,100,000 |
|
|
Noninterest-bearing |
|
|
18,123,000 |
|
|
Interest-bearing |
|
|
19,977,000 |
|
|
In foreign offices, Edge and Agreement subsidiaries, and IBFs |
|
|
27,218,000 |
|
|
Noninterest-bearing |
|
|
383,000 |
|
|
Interest-bearing |
|
|
26,835,000 |
|
Federal funds purchased and securities sold under agreements to repurchase |
|
|
|
|
|
Federal funds purchased in domestic offices |
|
|
844,000 |
|
|
Securities sold under agreements to repurchase |
|
|
118,000 |
|
Trading liabilities |
|
|
2,555,000 |
|
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) |
|
|
1,327,000 |
|
Not applicable |
|
|
|
|
Bank's liability on acceptances executed and outstanding |
|
|
119,000 |
|
Subordinated notes and debentures |
|
|
1,955,000 |
|
Other liabilities |
|
|
5,119,000 |
|
|
|
|
|
Total liabilities |
|
$ |
77,355,000 |
|
|
|
|
|
Minority interest in consolidated subsidiaries |
|
|
139,000 |
|
EQUITY CAPITAL |
|
|
|
|
Perpetual preferred stock and related surplus |
|
|
0 |
|
Common stock |
|
|
1,135,000 |
|
Surplus (exclude all surplus related to preferred stock) |
|
|
2,097,000 |
|
Retained earnings |
|
|
5,256,000 |
|
Accumulated other comprehensive income |
|
|
(114,000 |
) |
Other equity capital components |
|
|
0 |
|
Total equity capital |
|
|
8,374,000 |
|
|
|
|
|
Total liabilities, minority interest, and equity capital |
|
$ |
85,868,000 |
|
|
|
|
|
I,
Thomas J. Mastro, Executive Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and
belief.
Thomas
J. Mastro,
Executive Vice President and Comptroller
We,
the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and
belief has been prepared in conformance with the instructions and is true and correct.
Thomas A. Renyi
Gerald L. Hassell |
|
Directors |
|
|
GRAPHIC
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`
end
-----END PRIVACY-ENHANCED MESSAGE-----