Supplemental Indenture [No. 1] (2015)Full Document 

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EXECUTION VERSION

ECHO GLOBAL LOGISTICS, INC.

AND

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of May 5, 2015

to Indenture

Dated as of May 5, 2015

2.50% Convertible Senior Notes due 2020



TABLE OF CONTENTS


PAGE

ARTICLE 1

DEFINITIONS

Section 1.01.

Definitions

2

Section 1.02.

References to Interest

12

ARTICLE 2

ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES

Section 2.01.

Scope of Supplemental Indenture

12

Section 2.02.

Designation and Amount

13

Section 2.03.

Form of Notes

13

Section 2.04.

Date and Denomination of Notes; Payments of Interest and Defaulted Amounts

14

Section 2.05.

Execution, Authentication and Delivery of Notes

15

Section 2.06.

Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary

16

Section 2.07.

Cancellation of Notes Paid, Converted, Etc.

18

Section 2.08.

[Reserved]

18

Section 2.09.

Additional Notes; Repurchases

18

ARTICLE 3

SATISFACTION AND DISCHARGE

Section 3.01.

Applicability of Section 11.01 and Section 11.02 of the Base Indenture

18

Section 3.02.

Satisfaction and Discharge

18

ARTICLE 4

PARTICULAR COVENANTS OF THE COMPANY

Section 4.01.

Payment of Principal and Interest

19

Section 4.02.

Paying Agent and Conversion Agent

19

Section 4.03.

Provisions as to Paying Agent

20

Section 4.04.

Existence

20

Section 4.05.

Reports

20

Section 4.06.

Stay, Extension and Usury Laws

21

Section 4.07.

Compliance Certificate; Statements as to Defaults

21

Section 4.08.

Further Instruments and Acts

21

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ARTICLE 5

[INTENTIONALLY OMITTED]

ARTICLE 6

DEFAULTS AND REMEDIES

Section 6.01.

Applicability of Article 6 of the Base Indenture

22

Section 6.02.

Events of Default

22

Section 6.03.

Acceleration; Rescission and Annulment

23

Section 6.04.

Additional Interest

24

Section 6.05.

Payments of Notes on Default; Suit Therefor

25

Section 6.06.

Application of Monies Collected by Trustee

27

Section 6.07.

Proceedings by Holders

28

Section 6.08.

Proceedings by Trustee

29

Section 6.09.

Remedies Cumulative and Continuing

29

Section 6.10.

Direction of Proceedings and Waiver of Defaults by Majority of Holders

29

Section 6.11.

Notice of Defaults

30

Section 6.12.

Undertaking to Pay Costs

30

ARTICLE 7

[INTENTIONALLY OMITTED]

ARTICLE 8

[INTENTIONALLY OMITTED]

ARTICLE 9

HOLDERS’ MEETINGS

Section 9.01.

Purpose of Meetings

31

Section 9.02.

Call of Meetings by Trustee

31

Section 9.03.

Call of Meetings by Company or Holders

32

Section 9.04.

Qualifications for Voting

32

Section 9.05.

Regulations

32

Section 9.06.

Voting

32

Section 9.07.

No Delay of Rights by Meeting

33

ARTICLE 10

SUPPLEMENTAL INDENTURES

Section 10.01.

Applicability of Article 9 of the Base Indenture

33

Section 10.02.

Supplemental Indentures Without Consent of Holders

33

Section 10.03.

Supplemental Indentures with Consent of Holders

34

Section 10.04.

Effect of Supplemental Indentures

35

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Section 10.05.

Notation on Notes

36

Section 10.06.

Evidence of Compliance of Supplemental Indenture to Be Furnished to Trustee

36

ARTICLE 11

CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE

Section 11.01.

Applicability of Article 10 and Section 4.05 of the Base Indenture

36

Section 11.02.

Company May Consolidate, Etc. on Certain Terms

36

Section 11.03.

Successor Company to Be Substituted

37

Section 11.04.

Opinion of Counsel to Be Given to Trustee