Senior Indenture (2000)Full Document 

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                             Sonic Automotive, Inc.,
                                    as Issuer

                                       and

                     The Subsidiary Guarantors named herein,
                            as Subsidiary Guarantors

                                       TO

                                     Trustee


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                                SENIOR INDENTURE

                          Dated as of __________, 2000


                                 --------------



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                                TABLE OF CONTENTS

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                                                                                                           Page No.
                                                                                                           --------
                                                                                                           
ARTICLE ONE  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION..............................................2
         SECTION 101.  Definitions................................................................................2
         SECTION 102.  Compliance Certificates and Opinions......................................................12
         SECTION 103.  Form of Documents Delivered to Trustee....................................................13
         SECTION 104.  Acts of Holders; Record Dates.............................................................14
         SECTION 105.  Notices, Etc., to Trustee and Company.....................................................15
         SECTION 106.  Notice to Holders; Waiver.................................................................16
         SECTION 107.  Conflict with Trust Indenture Act.........................................................16
         SECTION 108.  Effect of Headings and Table of Contents..................................................16
         SECTION 109.  Successors and Assigns....................................................................16
         SECTION 110.  Separability Clause.......................................................................17
         SECTION 111.  Benefits of Indenture.....................................................................17
         SECTION 112.  Governing Law.............................................................................17
         SECTION 113.  Legal Holidays............................................................................17

ARTICLE TWO  SECURITY FORMS......................................................................................17
         SECTION 201.  Forms Generally...........................................................................17
         SECTION 202.  Form of Face of Security..................................................................18
         SECTION 203.  Form of Reverse of Security...............................................................20
         SECTION 204.  Form of Subsidiary Guarantee..............................................................24
         SECTION 205.  Form of Legend for Global Securities......................................................24
         SECTION 206.  Form of Trustee's Certificate of Authentication...........................................25

ARTICLE THREE  THE SECURITIES....................................................................................25
         SECTION 301.  Amount Unlimited; Issuable in Series......................................................25
         SECTION 302.  Denominations.............................................................................28
         SECTION 303.  Execution, Authentication, Delivery and Dating............................................28
         SECTION 304.  Temporary Securities......................................................................30
         SECTION 305.  Registration, Registration of Transfer and Exchange.......................................30
         SECTION 306.  Mutilated, Destroyed, Lost and Stolen Securities..........................................32
         SECTION 307.  Payment of Interest; Interest Rights Preserved............................................33
         SECTION 308.  CUSIP Numbers.............................................................................34
         SECTION 309.  Persons Deemed Owners.....................................................................34
         SECTION 310.  Cancellation..............................................................................34
         SECTION 311.  Computation of Interest...................................................................35

ARTICLE FOUR  SATISFACTION AND DISCHARGE.........................................................................35
         SECTION 401.  Satisfaction and Discharge of Indenture...................................................35
         SECTION 402.  Application of Trust Money................................................................36

ARTICLE FIVE  REMEDIES...........................................................................................36
         SECTION 501.  Events of Default.........................................................................36
         SECTION 502.  Acceleration of Maturity; Rescission and Annulment........................................38
         SECTION 503.  Collection of Indebtedness and Suits for Enforcement by Trustee...........................39
         SECTION 504.  Trustee May File Proofs of Claim..........................................................40
         SECTION 505.  Trustee May Enforce Claims Without Possession of Securities...............................41
         SECTION 506.  Application of Money Collected............................................................41
         SECTION 507.  Limitation on Suits.......................................................................42
         SECTION 508.  Unconditional Right of Holders to Receive Principal, Premium and Interest.................42


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         SECTION 509.  Restoration of Rights and Remedies........................................................43
         SECTION 510.  Rights and Remedies Cumulative............................................................43

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