1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED AND RESTATED
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 to Amended and Restated
Schedule 13D)*
CARNIVAL CRUISE LINES, INC.
(Name of Issuer)
Class A Common Stock ($.01 par value)
(Title of Class of Securities)
143658 10 2
(CUSIP Number)
Alan R. Twaits, Esq.
General Counsel
Carnival Cruise Lines, Inc.
3655 N.W. 87th Avenue
Miami, Florida 33178-2428
(305) 599-2600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 22, 1993
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and if filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such
class). (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting
2
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Exhibit Index on Page 34
Page 2 of 54
3
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
TAMMS INVESTMENT COMPANY, LIMITED PARTNERSHIP
- ------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- ------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- ------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- ------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,681,658
Shares Bene-
ficially ----------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
----------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: 1,681,658
ing Person
----------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 5,750,000
------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,681,658
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /X/
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.5%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): PN
Page 3 of 54
4
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
TAMMS MANAGEMENT CORPORATION
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,681,658
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: 168,166
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 7,263,492
------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,681,658
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /X/
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.5%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
Page 4 of 54
5
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
TED ARISON
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Israel
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 8,200,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by
8) Shared Voting Power: 1,681,658
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: 8,200,000
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 56,031,658
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 8,461,047
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /x/
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
7.4%
-----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
Page 5 of 54
6
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
ARISON FOUNDATION, INC.
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Florida
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,800,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: 1,800,000
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: -0-
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,800,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.6%
------
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
Page 6 of 54
7
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
CONTINUED TRUST FOR MICHAEL ARISON
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,000,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,189,752.34
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,189,752.34
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.1%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 7 of 54
8
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
SHARI ARISON IRREVOCABLE GUERNSEY TRUST
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Guernsey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,500,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,775,677
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,775,677
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.6%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 8 of 54
9
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
CONTINUED TRUST FOR SHARI ARISON DORSMAN
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,000,000
Shares Bene-
ficially -----------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
-----------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
-----------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,189,752.33
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,189,752.33
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.1%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 9 of 54
10
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
MARILYN B. ARISON IRREVOCABLE DELAWARE TRUST
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,250,000
Shares Bene-
ficially -----------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
-----------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
-----------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,500,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,500,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.3%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 10 of 54
11
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
CONTINUED TRUST FOR MICKY ARISON
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 1,000,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,189,752.33
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,189,752.33
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.1%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 11 of 54
12
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
M. MICKY ARISON
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: United States
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: 46,000,000
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 4,581,658
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: 1,300,000
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 55,031,658
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,625,677
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X]
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
1.4%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
Page 12 of 54
13
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON 1992 IRREVOCABLE TRUST FOR MICKY
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Jersey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 1,000,000
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
.9%
---
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 13 of 54
14
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON 1992 IRREVOCABLE TRUST FOR SHARI
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Jersey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 900,000
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 900,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 900,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
.8%
---
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 14 of 54
15
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON 1992 IRREVOCABLE TRUST FOR LIN No. 2
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Jersey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 1,000,000
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
.9%
---
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Doc Amend.#12A Page 15 of 54
16
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON CHARITABLE TRUST
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Jersey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 1,000,000
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,000,000
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
.9%
---
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 16 of 54
17
24600
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
A.H.W. LIMITED
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Guernsey
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 275,677
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 275,677
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
.2%
---
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
Page 17 of 54
18
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
ANDREW H. WEINSTEIN
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: United States
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 6,844,934
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 6,844,934
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 6,844,934
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
6.0%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
Page 18 of 54
19
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
TAF MANAGEMENT COMPANY
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Delaware
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially -----------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: 5,069,257
-----------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
-----------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 5,069,257
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,069,257
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / /
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
4.5%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): CO
Page 19 of 54
20
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON FAMILY HOLDING TRUST NO.1
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Guernsey, Channel Islands
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 40,000,000
------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /X/
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
0%
----
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 20 of 54
21
CUSIP No. 143658 10 2
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons:
THE TED ARISON FAMILY HOLDING TRUST NO. 2
- -------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) / X/
- -------------------------------------------------------------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------------
4) Source of Funds (See Instructions): Not Applicable
- -------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------------------------------------------------
6) Citizenship or Place of Organization: Guernsey, Channel Islands
- -------------------------------------------------------------------------------------------------------------------------
Number of 7) Sole Voting Power: -0-
Shares Bene-
ficially ------------------------------------------------------------------------------------------------
Owned by 8) Shared Voting Power: -0-
------------------------------------------------------------------------------------------------
Each Report- 9) Sole Dispositive Power: -0-
ing Person
------------------------------------------------------------------------------------------------
With 10) Shared Dispositive Power: 4,700,000
- -------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
- -------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) /X/
- -------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11):
0%
--
- -------------------------------------------------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): 00
Page 21 of 54
22
The joint statement on Schedule 13D dated December 18, 1987,
as amended and restated by Amendment No. 11 dated October 19, 1993 of TAMMS
Investment Company, Limited Partnership, TAMMS Management Corporation, Ted
Arison, M. Micky Arison, the Michael Arison Continued Trust, the Continued
Trust for Micky Arison, the Continued Trust for Shari Arison Dorsman, the Shari
Arison Irrevocable Guernsey Trust, the Marilyn B. Arison Irrevocable Delaware
Trust, Andrew H. Weinstein, TAF Management Company, the Ted Arison 1992
Irrevocable Trust for Micky, the Ted Arison 1992 Irrevocable Trust for Shari,
the Ted Arison 1992 Irrevocable Trust for Lin No. 2, A.H.W. Limited, the Ted
Arison Charitable Trust and the Arison Foundation, Inc. is hereby amended as
follows:
Item 2. Identity and Background.
Item 2, paragraph (a) is hereby amended by deletion thereof in its
entirety and the substitution thereof of the following:
(a) This statement is filed by (i) TAMMS Investment
Company, Limited Partnership, Partnership, a Delaware limited
partnership ("TAMMS L.P.") with respect to shares of Class A
Common Stock held by it; (ii) TAMMS Management Corporation, a
Delaware corporation ("TAMMS Corp.") with respect to shares of
Class A Common Stock beneficially owned by it; (iii) Ted Arison
with respect
Page 22 of 54
23
to shares of Class A Common Stock held or beneficially owned by him;
(iv) the Continued Trust for Michael Arison, a Delaware trust (the
"Michael Arison Continued Trust") with respect to shares of Class A
Common Stock held by it; (v) the Continued Trust for Micky Arison, a
Delaware trust (the "Micky Arison Continued Trust") with respect to
shares of Class A Common Stock held by it; (vi) the Continued Trust
for Shari Arison Dorsman, a Delaware trust (the "Shari Arison
Continued Trust") with respect to shares of Class A Common Stock held
by it; (vii) the Shari Arison Irrevocable Guernsey Trust, a Guernsey
trust, with respect to shares of Class A Common Stock held by it (the
"Shari Arison Guernsey Trust"); (viii) the Marilyn B. Arison
Irrevocable Delaware Trust, a Delaware trust (the "Marilyn Arison
Delaware Trust"), with respect to shares of Class A Common Stock held
by it; (ix) A.H.W. Limited with respect to shares of Class A Common
Stock beneficially owned by it; (x) Andrew H. Weinstein with respect
to shares of Class A Common Stock beneficially owned by him; (xi) TAF
Management Company, a Delaware corporation ("TAF Management"), with
respect to shares of Class A Common Stock beneficially owned by it;
(xii) the Ted Arison 1992 Irrevocable Trust for Micky
Page 23 of 54
24
(the "Micky Arison Jersey Trust") with respect to shares of Class A
Common Stock held by it; (xiii) the Ted Arison 1992 Irrevocable Trust
for Shari (the "Shari Arison Jersey Trust") with respect to shares of
Class A Common Stock held by it; (xiv) the Ted Arison 1992 Irrevocable
Trust for Lin No. 2 (the "Marilyn Arison Jersey Trust") with respect
to shares of Class A Common Stock held by it; (xv) the Ted Arison
Charitable Trust (the "Jersey Charitable Trust"; and collectively with
the Micky Arison Jersey Trust, the Shari Arison Jersey Trust and the
Marilyn Arison Jersey Trust, the "Jersey Trusts"); (xvi) M. Micky
Arison with respect to shares of Class A Common Stock held by or
beneficially owned by him; (xvii) the Arison Foundation, Inc. (the
"Foundation"), a private foundation for the benefit of certain
charities with respect to shares of Class A Common Stock held by it;
(xviii) The Ted Arison Family Holding Trust No. 1 with respect to
shares of Class Common Stock held by it ("Holding Trust No. 1") and
(xix) The Ted Arison Family Holding Trust No. 2 with respect to shares
of Class A Common Stock held by it ("Holding Trust No. 2", and
collectively with Holding Trust No.1, the "Holding Trusts") (such
entities and persons being sometimes hereinafter referred to as the
Page 24 of 54
25
"Reporting Persons"). M. Micky Arison, Ted Arison's son, is the
Chairman, Chief Executive Officer and a Director of the Issuer,
President and Treasurer of TAMMS Corp., the beneficiary of the Micky
Arison Continued Trust and the Micky Arison Jersey Trust and a
beneficiary of the Holding Trusts. Shari Arison, Ted Arison's
daughter, is President of the Foundation, the beneficiary of the Shari
Arison Guernsey Trust, the Shari Arison Continued Trust, the Shari
Arison Jersey Trust, and a beneficiary of the Holding Trusts. The
Foundation is directed by six trustees, a majority of whom are
affiliates of Mr. Ted Arison. Michael Arison, the beneficiary of the
Michael Arison Continued Trust, is the son of Ted Arison. Marilyn
Arison, the wife of Ted Arison, is the beneficiary of the Marilyn
Arison Delaware Trust, the Marilyn Arison Jersey Trust and a
beneficiary of the Holding Trusts. Andrew H. Weinstein is an officer
and sole shareholder of TAF Management, the corporate trustee of the
Michael Arison Continued Trust, the Shari Arison Continued Trust, the
Micky Arison Continued Trust, and the Marilyn Arison Delaware Trust
and is the sole shareholder of A.H.W. Limited, the corporate trustee
of the Shari Arison Guernsey Trust. Mr. Weinstein is an attorney at
the law firm of
Page 25 of 54
26
Holland & Knight, Miami, Florida. TAF Management is a Delaware
corporation, whose principal purpose is to serve as trustee for
certain trusts established for the benefit of members of the Arison
family. A.H.W. Limited is a Guernsey corporation, the principal
business of which is to serve as an executor or trustee company. The
Royal Bank of Scotland Trust Company (Jersey) Limited, trustee for the
Jersey Trusts, is a company organized under the laws of Jersey,
Channel Islands. Baring Brothers (Guernsey) Limited, trustee for the
Holding Trusts, is a company organized under the laws of Guernsey,
Channel Islands, the principal business of which is banking and
providing executor or trustee company services.
Item 2, paragraph (c) is further amended by the addition thereto of the
following:
(xviii) The Ted Arison Family Holding Trust No. 1 is a
Guernsey trust established for the benefit of members of the family of
Ted Arison. The address of the trust is c/o Baring Brothers (Guernsey)
Limited, Arnold House, St. Julian's Avenue, St. Peter Port, Guernsey,
Channel Islands. The sole trustee of the trust is Baring Brothers
(Guernsey) Ltd., a Guernsey, Channel
Page 26 of 54
27
Islands corporation whose principal business of which is banking and
providing executor or trustee company services ("Baring Brothers").
The address of Baring Brothers is Arnold House, St. Julian's Avenue,
St. Peter Port, Guernsey, Channel Islands.
(xix) The Ted Arison Family Holding Trust No. 2 is a Guernsey trust
established for the benefit of members of the family of Ted Arison.
The address of the trust is c/o Baring Brothers (Guernsey) Ltd.,
Arnold House, St. Julian's Avenue, St. Peter Port, Guernsey, Channel
Islands. The sole trustee of the trust is Baring Brothers.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended by the addition thereto of the following:
Since the last report, the Reporting Persons have restructured
their aggregate holdings of Class A Common Stock with respect to
44,700,000 shares of Class A Common Stock. This was accomplished by
the transfer by Ted Arison of 40,000,000 shares of Class A Common Stock
to Holding Trust No. 1 and 4,700,000 shares of Class A Common Stock to
Page 27 of 54
28
Holding Trust No. 2. No consideration was paid in conection with the
foregoing transfers.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by the addition thereto of the following:
Effective December 22, 1993, Ted Arison contributed 40,000,000 shares of
Class A Common Stock to Holding Trust No. 1 and 4,700,000 shares of Class A
Common Stock to Holding Trust No. 2. The foregoing transactions were effected
for certain investment and estate planning purposes and are hereinafter
referred to as the "December 1993 Transfers."
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended by the addition thereto of the following:
Following the December 1993 Transfers, Ted Arison beneficially
owns an aggregate of 8,461,047 shares of Class A Common Stock
(approximately 7.4% of the total number of shares of Class A Common
Stock reported in the Issuer's Quarterly Report on Form 10-Q for the
quarter ended August 31, 1993, to be outstanding at August 31, 1993),
8,200,000 of which he holds directly and 261,047 of which he owns
beneficially by virtue of
Page 28 of 54
29
his interest in TAMMS L.P. Ted Arison has sole voting and dispositive
power over the 8,200,000 shares of Class A Common Stock that he holds
directly. Ted Arison may be deemed to share dispositive power over
the 261,047 shares of Class A Common Stock he beneficially owns
through TAMMS L.P. Because of his controlling interest in TAMMS L.P.
(through TAMMS Corp.), Ted Arison may be deemed to own beneficially
all the 1,681,658 shares of Class A Common Stock beneficially owned by
TAMMS L.P.; however, Ted Arison disclaims beneficial ownership of
1,420,611 of such shares which have not been shown herein as being
beneficially owned by him and which are beneficially owned by the
other partners of TAMMS L.P. (other than TAMMS Corp.) Due to his
status as sole shareholder of TAMMS Corp., the Managing General
Partner of TAMMS L.P., Ted Arison may be deemed to have shared
dispositive power over the 1,000,000 shares of Class A Common Stock
owned by the Michael Arison Continued Trust, the 1,000,000 shares of
Class A Common Stock held by the Micky Arison Continued Trust, the
1,000,000 shares of Class A Common Stock held by the Shari Arison
Continued Trust, the 1,250,000 shares of Class A Common Stock held by
the Marilyn Arison Delaware Trust and the
Page 29 of 54
30
1,500,000 shares of Class A Common Stock owned by the Shari Arison
Guernsey Trust, all of which are subject to the 1992 Letter
Agreements. Ted Arison disclaims beneficial ownership of such
5,750,000 aggregate shares of Class A Common Stock and such shares are
not shown herein as beneficially owned by Ted Arison. Ted Arison may
also be deemed to have shared dispositive power over the 3,900,000
aggregate shares of Class A Common Stock held by the Jersey Trusts and
the 44,700,000 aggregate shares of Class A Common Stock held by the
Holding Trusts; however, Mr. Arison disclaims beneficial ownership of
such shares which have not been shown herein as being beneficially
owned by him.
Micky Arison beneficially owns an aggregate of 1,625,677
shares of Class A Common Stock (approximately 1.4% of the total number
of shares of Class A Common Stock reported in the Issuer's Quarterly
Report on Form 10-Q for the quarter ended August 31, 1993, as
outstanding on August 31, 1993), 1,300,000 of which he holds directly
and 325,677 of which he owns beneficially by virtue of his interest in
TAMMS L.P. Micky Arison has sole voting power with respect to
46,000,000 shares of Class A Common Stock and sole dispositive power
with respect to 1,300,000 shares of
Page 30 of 54
31
Class A Common Stock. Micky Arison may be deemed to share voting
power over 4,581,658 shares of Class A Common Stock and to share
dispositive power over 55,031,658 shares of Class A Common Stock.
Micky Arison has sole voting power with respect to 1,300,000
shares of Class A Common Stock he holds directly and 44,700,000 shares
of Class A Common Stock held by the Holding Trusts. Mr. Arison has
sole dispositive power with respect to the 1,300,000 shares of Class A
Common Stock he holds directly.
Because of his status as President and Treasurer of TAMMS
Corp., Micky Arison may be deemed to share voting and dispositive
power with respect to, and beneficially own all of the 1,681,658
shares of Class A Common Stock beneficially owned by TAMMS L.P.
Following the execution of the 1992 Letter Agreements, Micky Arison
may be deemed to have shared dispositive power over the 1,000,000
shares of Class A Common Stock owned by the Michael Arison Continued
Trust, the 1,500,000 shares of Class A Common Stock owned by the Shari
Arison Guernsey Trust, the 1,000,000 shares of Class A Common Stock
held by the Continued Trust for
Page 31 of 54
32
Shari Arison, the 1,250,000 shares of Class A Common Stock held by the
Marilyn B. Arison Trust and the 1,000,000 shares of Class A Common
Stock held by the Continued Trust for Micky Arison. Micky Arison also
has shared voting and dispositive power over the aggregate 2,900,000
shares of Class A Common Stock held by the Micky Arison Jersey Trust,
the Shari Arison Jersey Trust and the Marilyn Arison Jersey Trust.
Micky Arison disclaims beneficial ownership of (i) 1,355,981 of the
1,681,658 shares of Class A Common Stock owned by TAMMS L.P. which are
beneficially owned by the other limited partners of TAMMS L.P., (ii)
the aggregate of 5,750,000 shares of Class A Common Stock which are
the subject of the 1992 Letter Agreements, (iii) the aggregate of
2,900,000 shares of Class A Common Stock held by the Micky Arison
Jersey Trust, the Shari Arison Jersey Trust and the Marilyn Arison
Jersey Trust and (iv) the aggregate of 44,700,000 shares of Class A
Common Stock held by the Holding Trusts. All such disclaimed shares
are not shown herein as beneficially owned by Micky Arison.
Holding Trust No. 1 and Holding Trust No. 2 may be deemed to have
shared dispositive powers over the 40,000,000 and 4,700,000 shares of
Class A Common
Page 32 of 54
33
Stock, respectively, held by such trusts. The Holding Trusts disclaim
beneficial ownership of such 44,700,000 aggregate shares.
Except as described above, the Reporting Persons have effected
no transactions in shares of Class A Common Stock during the past 60
days.
Item 6. Contracts, Arrangements, Understanding or
Relationships with Respect to Securities of
the Issuer.
Item 6 is hereby amended by the addition thereto of the following:
The governing instruments of the Holding Trusts provide that
the trustees of such trusts may not sell or otherwise dispose of any
securities of the Company held by the trusts without the prior written
consent of Micky Arison. Such instruments also provide that the
trustees of the Holding Trusts shall exercise any voting rights
attached to securities of the Company held by the trusts at such time
and in such manner as directed by Micky Arison and not otherwise.
The governing instruments of the Holding Trusts also provide
that Ted Arison may remove the shares of Class A Common Stock held by
such trusts, provided that such shares of Class A Common Stock are
replaced by Mr.
Page 33 of 54
34
Arison with assets of equal or greater value.
On November 10, 1993, the Pledge Agreement between Ted Arison
and Barnett Bank of South Florida was amended to reduce the number of
shares of Class A Common Stock pledged by Ted Arison from 1,500,000
shares to 800,000 shares.
Item 7. Material to be Filed as Exhibits.
Exhibit 13 Stock Pledge Agreement between Barnett Bank of
South Florida, N.A. and Ted Arison, as amended on
November 10, 1993
Exhibit 14 Joint Filing Agreement, dated as of January 19, 1994, among
TAMMS L.P., TAMMS Corp., Ted Arison, the Michael Arison
Continued Trust, the Shari Arison Continued Trust, the Marilyn
Arison Delaware Trust, A.H.W. Limited, the Shari Arison
Guernsey Trust, the Micky Arison Continued Trust, Andrew J.
Weinstein, TAF Management, M. Micky Arison, the Micky Arison
Jersey Trust, Shari Arison Jersey Trust, Marilyn Arison Jersey
Trust, the Jersey Charitable Trust, the Foundation, Holding
Trust No. 1 and Holding Trust No. 2.
Page 34 of 54
35
Signatures
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct. Date: January 19, 1994
SHARI ARISON IRREVOCABLE
GUERNSEY TRUST, A.H.W. TAF MANAGEMENT COMPANY
LIMITED, TRUSTEE
By: /s/ Denison H. Hatch
By: /s/ Jim C. Trott -------------------------
------------------------- Secretary and Treasurer
Director A.H.W.
Limited ARISON FOUNDATION, INC.
MARILYN B. ARISON IRREVOC- By: /s/ Shari Arison
ABLE DELAWARE TRUST, TAF -------------------------
MANAGEMENT COMPANY, TRUSTEE Shari Arison, President
By: /s/ Denison H. Hatch TAMMS INVESTMENT COMPANY,
------------------------- LIMITED PARTNERSHIP
Secretary and Treasurer
By: TAMMS MANAGEMENT
CORPORATION
A.H.W. LIMITED Managing General
Partner
By: /s/ Andrew H. Weinstein
--------------------------- By: /s/ Micky Arison
-------------------------
Micky Arison, President
/s/ Andrew H. Weinstein
-------------------------
Andrew H. Weinstein TAMMS MANAGEMENT CORPORATION
By: /s/ Micky Arison
-------------------------
Micky Arison, President
/s/ Ted Arison
-------------------------
Ted Arison
/s/ Micky Arison
-------------------------
Micky Arison
Page 35 of 54
36
CONTINUED TRUST FOR MICHAEL
ARISON, TAF MANAGEMENT
COMPANY, TRUSTEE
By: /s/ Denison H. Hatch
-----------------------
Secretary and Treasurer
CONTINUED TRUST FOR MICKY
ARISON, TAF MANAGEMENT
COMPANY, TRUSTEE
By: /s/ Dension H. Hatch
----------------------
Secretary and Treasurer
CONTINUED TRUST FOR SHARI
ARISON DORSMAN, TAF
MANAGEMENT COMPANY, TRUSTEE
By: /s/ Denison H. Hatch
-----------------------
Secretary and Treasurer
THE TED ARISON 1992
IRREVOCABLE TRUST FOR MICKY,
THE ROYAL BANK OF SCOTLAND
TRUST COMPANY (JERSEY) LTD.,
TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
--------------------------
THE TED ARISON 1992
IRREVOCABLE TRUST FOR SHARI,
THE ROYAL BANK OF SCOTLAND
TRUST COMPANY (JERSEY) LTD.,
TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
--------------------------
THE TED ARISON 1992
IRREVOCABLE TRUST FOR LIN
NO. 2, THE ROYAL BANK OF
SCOTLAND TRUST COMPANY
(JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
--------------------------
Page 36 of 54
37
THE TED ARISON CHARITABLE
TRUST, THE ROYAL BANK OF
SCOTLAND TRUST COMPANY
(JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Dealize
--------------------------
Jane Ward
--------------------------
THE TED ARISON FAMILY
HOLDING TRUST NO. 1, BARING
BROTHERS (GUERNSEY) LIMITED,
TRUSTEE
By: /s/ Jim C. Trott
--------------------------
THE TED ARISON FAMILY
HOLDING TRUST NO. 2, BARING
BROTHERS (GUERNSEY) LIMITED,
TRUSTEE
By: /s/ Jim C. Trott
--------------------------
Page 37 of 54
1
EXHIBIT 99(a)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of an amendment or amendments to a statement on Schedule
13D dated December 18, 1987, as amended and restated on October 19, 1993. This
Joint Filing Agreement shall be included as an Exhibit to such joint filing.
In evidence thereof, each of the undersigned, being duly authorized, hereby
executed this Agreement this 19th day of January, 1994.
TAMMS INVESTMENT COMPANY,
SHARI ARISON IRREVOCABLE LIMITED PARTNERSHIP
GUERNSEY TRUST, A.H.W.
LIMITED, TRUSTEE By: TAMMS MANAGEMENT CORPORATION
Managing General
By: /s/ Jim C. Trott Partner
------------------
By: /s/ Micky Arison
-----------------------
Micky Arison, President
MARILYN B. ARISON IRREVOCABLE
DELAWARE TRUST, TAF
MANAGEMENT COMPANY, TRUSTEE TAMMS MANAGEMENT CORPORATION
By: /s/ Denison H. Hatch By: /s/ Micky Arison
----------------------- -----------------------
Secretary and Treasurer Micky Arison, President
A.H.W. LIMITED
/s/ Ted Arison
By: /s/ Andrew H. Weinstein ---------------------------
----------------------- Ted Arison
/s/ Micky Arison
/s/ Andrew H. Weinstein ---------------------------
----------------------- Micky Arison
Andrew H. Weinstein
Page 38 of 54
2
CONTINUED TRUST FOR MICHAEL
TAF MANAGEMENT COMPANY ARISON, TAF MANAGEMENT
COMPANY, TRUSTEE
By: /s/ Denison H. Hatch
----------------------- By: /s/ Denison H. Hatch
Secretary and Treasurer -------------------------
Secretary and Treasurer
CONTINUED TRUST FOR MICKY
ARISON, TAF MANAGEMENT
COMPANY, TRUSTEE
ARISON FOUNDATION, INC.
By: /s/ Denison H. Hatch
By: /s/ Shari Arison --------------------------
----------------------- Secretary and Treasurer
Shari Arison, President
CONTINUED TRUST FOR SHARI
ARISON DORSMAN, TAF
MANAGEMENT COMPANY, TRUSTEE
By: /s/ Denison H. Hatch
-------------------------
Secretary and Treasurer
THE TED ARISON 1992
IRREVOCABLE TRUST FOR MICKY,
THE ROYAL BANK OF SCOTLAND TRUST
COMPANY (JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
---------
THE TED ARISON 1992
IRREVOCABLE TRUST FOR SHARI,
THE ROYAL BANK OF SCOTLAND
TRUST COMPANY (JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
---------
THE TED ARISON 1992
IRREVOCABLE TRUST FOR LIN
NO. 2, THE ROYAL BANK OF
SCOTLAND TRUST COMPANY
(JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
---------
Page 39 of 54
3
THE TED ARISON CHARITABLE
TRUST, THE ROYAL BANK OF
SCOTLAND TRUST COMPANY
(JERSEY) LTD., TRUSTEE
By: /s/ Michael Curtis/Denize
--------------------------
Jane Ward
---------
THE TED ARISON FAMILY
HOLDING TRUST NO. 1,
BARING BROTHERS (GUERNSEY) LIMITED,
TRUSTEE
By: /s/ Jim C. Trott
--------------------------
THE TED ARISON FAMILY
HOLDING TRUST NO. 2,
BARING BROTHERS (GUERNSEY) LIMITED,
TRUSTEE
By: /s/ Jim C. Trott
--------------------------
Page 40 of 54
1
EXHIBIT 99 (b)
STOCK PLEDGE AGREEMENT BETWEEN
BARNETT BANK OF SOUTH FLORIDA, N.A. AND
TED ARISON, AS AMENDED ON
NOVEMBER 10, 1993
Page 41 of 54
2
STOCK PLEDGE AGREEMENT
(as amended as of November 10, 1993)
This STOCK PLEDGE AGREEMENT is made and entered into as of
January 15, 1993, by and between BARNETT BANK OF SOUTH FLORIDA, N.A., a
national banking association ("Lender"), and TED ARISON ("Pledgor"), and is
amended as of November 10, 1993.
WITNESSETH:
WHEREAS, Pledgor is the owner of 800,000 shares (the "Pledged
Securities") of the common stock of Carnival Cruise Lines, Inc., a Panamanian
corporation ("Carnival Cruise Lines"), represented by stock certificate number
CCA 12830; and
WHEREAS, in order to secure the Limited Recourse Guarantee of
even date herewith given by Pledgor to Lender (the "Guarantee"), Pledgor has
agreed to pledge to Lender as collateral all of the Pledged Securities;
NOW, THEREFORE, in consideration of the premises and of the
mutual covenants herein contained, and in the Guarantee, and other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties, intending to be legally bound, agree as follows:
I. Definitions. Capitalized terms used herein which are
defined in that certain Credit Agreement dated as of August 4, 1989 between
Lender and Carnival Air Lines, Inc., as amended through the date hereof
pursuant to Amendments No. 1, No. 2 and No. 3, shall have the meanings assigned
to them therein, unless the context otherwise requires or unless otherwise
defined herein.
II. Pledge. As security for the due and punctual payment
and performance of all of the Pledgor's obligations and liabilities under the
Guarantee (collectively, the "Obligations"), the Pledgor hereby pledges,
hypothecates, assigns, transfers, sets over, and delivers unto Lender, and
hereby grants to Lender a security interest in and to the following:
(i) The Pledged Securities and the certificates
representing the Pledged Securities, and all cash,
proceeds, securities, dividends and other property
Page 42 of 54
3
at any time and from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of the Pledged
Securities (except as otherwise provided in Section 4(a)(ii), below);
and
(ii) All securities hereafter delivered or issued in
substitution for or in addition to any of the Pledged Securities, all
certificates and instruments representing or evidencing such
securities, together with the interest coupons, if any, attached
thereto, all cash, proceeds, securities, interests, dividends and
other property at any time and from time to time received or otherwise
distributed in respect of or in exchange for any or all thereof. (All
such Pledged Securities, certificates, interest coupons, cash,
proceeds, securities, interest, dividends and other property being
herein collectively called the "Pledged Stock Collateral").
TO HAVE AND TO HOLD the Pledged Stock Collateral, together with all rights,
titles, interest, privileges and preferences appertaining or incidental
thereto, unto the Lender, its successors and assigns, forever, subject,
however, to the terms, covenants and conditions hereinafter set forth.
III. Transfer of Certificates. The original certificates
representing all Pledged Stock Collateral shall be held by the Lender. The
Pledgor shall deliver to the Lender all original certificates representing the
Pledged Stock Collateral issued in the name of the Pledgor, endorsed or
assigned in blank (or accompanied by stock powers or other instruments of
transfer requested by Lender, duly executed and delivered by Pledgor) in favor
of the Lender. The Lender may, upon delivery of the appropriate Pledged Stock
Collateral to Carnival Cruise Lines or its agent (or other issuer thereof),
exchange the certificates representing the Pledged Stock Collateral for
certificates of smaller or larger denominations for any purpose consistent with
the terms of this Pledge Agreement.
IV. Voting Rights; Dividends.
(a) Unless and until there is an "Event of Default" (as
defined in Section 5, below):
(i) The Pledgor shall be entitled to exercise any
Page 43 of 54
4
and all voting and/or consensual rights and powers relating or
pertaining to the Pledged Stock Collateral or any part thereof,
provided, however, that no vote shall be cast or consent, waiver or
ratification given or action taken which would be inconsistent with
any of the provisions of the Operative Documents, or which would
involve any violation of any such provisions.
(ii) The Pledgor shall be entitled to receive and retain any and all
ordinary cash dividends and interest payable on the Pledged Stock
Collateral, but any and all stock and/or liquidating dividends,
distributions in property, returns of capital or other distributions
made on or in respect of the Pledged Stock Collateral, whether
resulting from a subdivision, combination or reclassification of the
outstanding capital stock of an issuer thereof or received in exchange
for Pledged Stock Collateral or any part thereof, or as a result of any
merger, consolidation, acquisition or other exchange of assets to which
any such issuer may be a party or otherwise, and any and all cash and
other property received in payment of the principal of or in redemption
of or in exchange for any Pledged Stock Collateral (either at maturity,
upon call for redemption or otherwise), shall be and become part of the
collateral pledged by the Pledgor hereunder and, if received by the
Pledgor, shall be received in trust for the benefit of the Lender or
its assigns and shall forthwith be delivered to the Lender (accompanied
by proper instruments of assignment and/or stock and/or bond powers
executed by the Pledgor in accordance with the Lender's instructions)
to be applied as a payment or prepayment of any of the Obligations
secured by this Agreement as provided in Section 6(a), below.
(iii) The Lender shall execute and deliver (or cause to be executed
and delivered) to the Pledgor all such proxies, powers of attorney,
dividend orders, interest coupons and other instruments as the Pledgor
may request for the purpose of
Page 44 of 54
5
enabling the Pledgor to exercise the voting and/or consensual
rights and powers which he is entitled to exercise pursuant to
subparagraph (i) above and/or to receive the dividends and/or
interest payments which he is authorized to receive and retain
pursuant to subparagraph (ii) above.
(b) Upon the occurrence and during the continuance of an
Event of Default, all rights of the Pledgor to exercise the voting and/or
consensual rights and powers which he is entitled to exercise pursuant to
Section 4(a)(i) hereof and/or to receive the dividends and interest payments
which he is authorized to receive and retain pursuant to Section 4(a)(ii)
hereof shall cease, and all such rights shall thereupon become vested in the
Lender who shall have the sole and exclusive right and authority to exercise
such voting and/or consensual rights and powers and/or to receive and retain
the dividends and/or interest payments which the Pledgor would otherwise be
authorized to retain pursuant to Section 4(a)(ii) hereof. Any and all money
and other property paid over to or received by the Lender pursuant to the
provisions of this paragraph (b) or pursuant to the exercise by Lender of the
voting and/or consensual rights and powers shall be applied by Lender in
accordance with the provisions of Section 6(a) of this Agreement. Upon the
occurrence and during the continuance of an Event of Default, the Lender may
transfer into its name, or into the name of its nominee, any or all shares of
the Pledged Stock Collateral.
V. Events of Default. Pledgor shall be in default and
an "Event of Default" shall be deemed to have occurred under this Agreement (i)
if Pledgor shall breach or default under any agreement, representation,
warranty or covenant set forth in this Agreement, (ii) upon the occurrence of
any event of default under the Credit Agreement or any other Operative
Document, (iii) upon the occurrence of any event of default under any
promissory note, loan agreement, security agreement or other agreement between
Lender and New World Symphony, Inc., now existing or hereafter in effect, or
(iv) upon the occurrence of any event of default under the Guarantee.
VI. Remedies upon Default. If any Event of Default shall
have occurred and be continuing, then, in addition to exercising any rights and
remedies as a secured party under the Uniform Commercial Code in effect in the
State of Florida (subject to the limitation as to dollar amount provided for in
the Guarantee in connection with a default with respect to the
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New World Symphony, Inc. loans), the Lender may:
(a) apply the cash (if any) then held by it as collateral
hereunder, first, to the payment of all costs of collection (including
attorneys' fees and disbursements) incurred in enforcing Lender's rights under
any of the loan documents referred to in the Guarantee, the Guarantee and this
Agreement (collectively, the "Documents"); second, to the payment of interest
accrued and unpaid under any of the Documents, in such order of priority as
Lender may elect in its sole discretion, to and including the date of such
application; third, to the payment or prepayment of principal under any of the
Documents, in such order of priority as Lender may elect in its sole
discretion; and fourth to the payment of all other amounts then owing to the
Lender under the terms of any of the Documents, in such order of priority as
Lender may elect in its sole discretion, and
(b) if there shall be no such cash or the cash so applied
shall be insufficient to pay in full all the Obligations of the Pledgor to the
Lender, upon 10 days' prior notice to Pledgor, take any action with respect to
the Pledged Stock Collateral, including, without limitation, sell the Pledged
Stock Collateral, or any part thereof, at any public or private sale or at any
broker's board or on any securities exchange, for cash, upon credit or for
future delivery, as the Lender shall deem appropriate. The Lender shall be
authorized at any such sale (if it deems it advisable to do so) to restrict the
prospective bidders or purchasers to persons who will represent and agree that
they are purchasing the Pledged Stock Collateral for their own account for
investment and not with a view to the distribution or sale thereof, and upon
consummation of any such sale the Lender shall have the right to assign,
transfer and deliver to the purchaser or purchasers thereof the Pledged Stock
Collateral so sold, free and clear from any claims or rights of Pledgor.
Further, it shall be deemed commercially reasonable for the Lender to impose
sufficient conditions on any such sale so as to preclude the necessity of
registration of the Pledged Stock Collateral under the Securities Act of 1933,
as amended (the "Act"). Each such purchaser at any such sale shall hold the
property sold absolutely, free from any claim or right on the part of the
Pledgor, and the Pledgor hereby waives (to the extent permitted by law) all
rights of redemption, stay and/or appraisal which he now has or may at any time
in the future have under any rule of law or statute now existing or hereafter
enacted. The Lender shall give the Pledgor at least 10 days' written notice in
the manner specified for notices under this Agreement of the Lender's intention
to make any such public or private sale or
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sales at any broker's board or on any such securities exchange, and the Pledgor
agrees that such notice of sale will be commercially reasonable notice to it.
Such notice, in case of public sale, shall state the time and place fixed for
such sale, and, in the case of sale at a broker's board or exchange at which
such sale is to be made, the day on which the Pledged Stock Collateral, or
portion thereof, will first be offered for sale at such board or exchange. Any
such public sale shall be held at such time or times within ordinary business
hours and at such place or places, as the Lender may fix in the notice of such
sale. At any such sale, the Pledged Stock Collateral, or portion thereof, to
be sold may be sold in one lot as an entirety or in separate parcels, as the
Lender may (in its sole and absolute discretion) determine. The Lender shall
not be obligated to make any sale of Pledged Stock Collateral if it shall
determine not to do so, regardless of the fact that notice of sale of Pledged
Stock Collateral may have been given. The Lender may, without notice or
publication, adjourn any public or private sale or cause the same to be
adjourned from time to time by announcement at the time and place fixed for
sale, and such sale may, without further notice, be made at the time and place
to which the same was so adjourned. In case sale of all or any part of the
Pledged Stock Collateral is made on credit or for future delivery, the Pledged
Stock Collateral so sold may be retained by the Lender until the sale price is
paid by the purchaser or purchasers thereof, but neither the Lender nor any
other holder of the Note or the assignee of any of the Lender's rights, shall
incur any liability in case any such purchaser or purchasers shall fail to take
up and pay for the Pledged Stock Collateral so sold and, in the case of such
failure, such Pledged Stock Collateral may be sold again upon like notice. As
an alternative to exercising the power of sale herein conferred upon it, the
Lender may proceed by a suit or suits at law or in equity to foreclose this
Agreement and to sell the Pledged Stock Collateral, or any portion thereof,
pursuant to a judgment or decree of a court or courts of competent
jurisdiction.
(c) If Lender determines to exercise its right to sell
all or any of the Pledged Securities and, if in the opinion of the Lender it is
advisable, to have such Pledged Securities registered under the provisions of
the Act, Pledgor agrees, at Pledgor's own expense, to execute and deliver and
use Pledgor's best efforts to cause Carnival Cruise Lines (and the directors
and officers of Carnival Cruise Lines) to execute and deliver, all such
instruments and documents, and to do or cause to be done all other such acts
and things as may be necessary or, in the opinion of Lender, advisable to
register such Pledged Securities
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under the provisions of the Act, and Pledgor will use Pledgor's best efforts to
cause the registration statement relating thereto to become effective and to
remain effective for such period as prospectuses are required by law to be
furnished, and to make all amendments thereto and/or to the related prospectus
which, in the opinion of Lender, are necessary or desirable, all in conformity
with the requirements of the Act and the rules and regulations of the
Securities and Exchange Commission ("SEC") applicable thereto; to use Pledgor's
best efforts to qualify such Pledged Securities under state Blue Sky or
securities laws and to obtain the approval of any governmental authority to the
sale of such Pledged Securities, all as reasonably requested by Lender; and, at
the request of Lender, to indemnify and hold harmless and use Pledgor's best
efforts to cause Carnival Cruise Lines to agree to indemnify, defend and hold
harmless Lender from and against any loss, liability, claim, damage and expense
(and reasonable attorneys' fees incurred in connection therewith) under the Act
or otherwise insofar as such loss, liability, claim, damage or expense arises
out of or is based upon any untrue statement or alleged untrue statement of a
material fact contained in such registration statement or prospectus or in any
preliminary prospectus or any amendment or supplement thereto, or arises out of
or is based upon any omission or alleged omission to state therein a material
fact required to be stated or necessary to make the statements therein not
misleading, the indemnification of Lender to remain operative regardless of any
investigation made by or on behalf of Lender.
(d) If Lender determines to exercise its right to sell
all or any of the Pledged Securities, upon written request, Pledgor will from
time to time furnish to Lender all such information as Lender may request in
order to determine the number of shares of Pledged Securities which may be sold
by Pledgor as exempt transactions under Section 4(4) of the Act and Rule 144
thereunder, as the same are from time to time amended.
(e) Pledgor agrees that, following an Event of Default,
he will not sell any other securities of Carnival Cruise Lines which he holds
until Lender has sold or otherwise disposed of the Pledged Securities. If the
Pledged Securities or any part thereof is sold in a private sale by Lender,
Pledgor will not sell any other securities of Carnival Cruise Lines which would
violate any provision of Rule 144 and/or Rule 144A, including the regulations
regarding aggregation.
VII. Application of Proceeds of Sale. The proceeds of
sale of Pledged Stock Collateral sold pursuant to Section 6
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hereof shall be applied by the Lender as follows:
First: in the manner provided in paragraph (a) of Section 6
hereof; and
Second: the balance (if any) of such proceeds shall remain as
Pledged Stock Collateral subject to the terms and conditions of this
Agreement, in the event any of the Obligations remain outstanding and
not in default, or, the balance (if any) of such proceeds shall be
paid to Pledgor, or as a court of competent jurisdiction may direct.
VIII. Pledgor's Obligations Not Affected. The obligations
of the Pledgor under this Agreement shall remain in full force and effect
without regard to, and shall not be impaired or affected by: (a) any amendment
or modification of or addition or supplement to any loan or any assignment or
transfer of any thereof; (b) any exercise or non-exercise by the Lender of any
right, remedy, power or privilege under or in respect of any documents or any
assignment or transfer of any thereof, or any waiver of any such right, remedy,
power or privilege; (c) any waiver, consent, extension, indulgence or other
action or inaction in respect of any documents or any assignment or transfer of
any thereof; or (d) any bankruptcy, insolvency, reorganization, arrangement,
readjustment, composition, liquidation, or the like, of the Pledgor; whether or
not the Lender shall have notice or knowledge of any of the foregoing. The
Pledgor hereby waives notice of any extensions of credit, loans, advances or
other financial assistance by the Lender to Carnival Air Lines, Inc. under the
Operative Documents or under any other agreement, note, document or instrument
now or at any time or times hereafter executed by Carnival Air Lines, Inc., or
by New World Symphony, Inc., and delivered to the Lender. The Pledgor further
waives presentment and demand for payment of any of the Obligations, protest
and notice of dishonor or default with respect to the Obligations, and all
other notices to which the Pledgor might otherwise be entitled except as herein
otherwise expressly provided.
IX. Transfer of Pledged Stock Collateral. Pledgor
covenants and agrees not to sell, transfer (by gift or otherwise), assign,
pledge or further encumber any of the Pledged Stock Collateral, or execute any
agreement providing for any of the foregoing, without the express prior written
consent of the Lender as to (i) the terms of the transaction, and (ii) the
documents evidencing the transaction. Lender may withhold or condition its
consent in its sole and absolute discretion. All
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proceeds of any such transaction (whether or not consented to by Lender) shall
be paid directly to Lender as Pledged Stock Collateral hereunder, and if
delivered to Pledgor, shall be received by Pledgor in trust for Lender's
benefit and immediately delivered to Lender in the exact form delivered to
Pledgor (with appropriate endorsements and instruments of assignment in favor
of Lender) to be held and applied as Pledged Stock Collateral under this
Agreement.
X. Authority of Lender. The Lender shall have and be
entitled to exercise all such powers hereunder as are specifically delegated to
the Lender by the terms hereof, together with such powers as are reasonably
incidental thereto. The Lender may execute any of its duties hereunder by or
through agents or employees and shall be entitled to retain counsel and to act
in reliance upon the advice of such counsel (whether written or oral)
concerning all matters pertaining to its duties hereunder. Neither the Lender,
nor any director, officer or employee of the Lender, shall be liable for any
action taken or omitted to be taken by it or them hereunder in connection
herewith, except for its or their own negligence or willful misconduct. After
an Event of Default hereunder the Pledgor shall be liable to reimburse the
Lender, on demand, for all expenses incurred by the Lender in connection with
the administration and enforcement of this Pledge Agreement and agrees to
indemnify and hold harmless the Lender against any and all liability incurred
by the Lender hereunder or in connection herewith, unless such liability shall
be due to willful misconduct on the part of the Lender.
XI. Lender Appointed Attorney-in-Fact. The Pledgor
hereby appoints the Lender as the Pledgor's attorney-in- fact upon the
occurrence of any Event of Default hereunder, taking any action and executing
any instrument which the Lender may deem necessary or advisable to accomplish
the purposes hereof, which appointment is irrevocable and coupled with an
interest. Without limiting the generality of the foregoing, upon an Event of
Default hereunder, the Lender shall have the right and power to receive,
endorse and collect all checks and other orders for the payment of money made
payable to the Pledgor representing any dividend, interest payment or other
distribution payable or distributable after the occurrence of any Event of
Default in respect of the Pledged Stock Collateral or any part thereof and to
settle or compromise any claims relating thereto and to give full discharge for
the same.
XII. Representations, Warranties and Covenants of
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Pledgor. Pledgor represents and warrants to Lender, and covenants with Lender
that:
(a) The Pledged Stock Collateral has been duly
authorized, validly issued and is fully paid and non-assessable, and Pledgor
owns the Pledged Securities and will continue to own the Pledged Stock
Collateral absolutely, free and clear of any proxies, voting trusts, liens,
encumbrances or adverse claims whatsoever, except for the first priority lien
granted to Lender under this Agreement, and there are no restrictions upon the
voting rights or upon the transfer of the Pledged Securities other than as may
appear on the certificates evidencing the Pledged Securities and as set forth
herein.
(b) The Pledgor has good right and lawful authority to
pledge, mortgage, assign, transfer, deliver, deposit, set over and confirm unto
the Lender the Pledged Stock Collateral as provided herein and will warrant and
defend the title thereto, and the lien thereon, conveyed to the Lender by this
Agreement against all claims of all persons and will maintain and preserve such
lien.
(c) This Agreement, and all agreements and documents
executed by Pledgor relating hereto, are the valid and binding obligations of
Pledgor, enforceable in accordance with their terms, and the execution,
delivery and performance hereof and thereof does not violate or conflict with
any contract, agreement, understanding, judgment, order or writ applicable to
Pledgor or the Pledged Securities.
XIII. No Waiver; Cumulative Remedies. No failure on the
part of the Lender to exercise, and no delay in exercising any right, power,
privilege or remedy hereunder, shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right, power, privilege or remedy of the
Lender preclude any other or further exercise thereof or the exercise of any
other right, power, privilege or remedy. All remedies hereunder are cumulative
and are not exclusive of any other remedies provided herein or by law.
XIV. Termination. This Pledge Agreement shall terminate
when all Obligations secured hereby have been fully paid and performed, at
which time the Lender shall reassign and redeliver (or cause to be reassigned
and redelivered) to the Pledgor, or to such person or persons as the Pledgor
shall designate, such of the Pledged Stock Collateral (if any) as shall not
have been sold or otherwise applied by the Lender pursuant to
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the terms hereof and shall still be held hereunder, together with appropriate
instruments of reassignment and release. Any such reassignment shall be
without recourse against or express or implied representation or warranty by
the Lender.
XV. Assignment. Lender may assign, participate or
transfer any instrument evidencing all or any part of the Obligations as
provided in, and in accordance with, the terms of the loan documents with
Carnival Air Lines, Inc. or New World Symphony, Inc., and the holder of such
instruments shall nevertheless be entitled to the benefits of this Agreement.
XVI. Miscellaneous.
(a) This Agreement shall be binding upon Pledgor and his
heirs and personal representatives, and shall inure to the benefit of, and be
enforceable by, Lender and its successors and assigns. None of the terms or
provisions of this Agreement may be waived, altered, modified or amended,
except in writing duly signed by Lender and Pledgor.
(b) The Pledgor will do all such acts, and will furnish
to the Lender all such financing statements, certificates, opinions and other
documents, and will do or cause to be done all such other things, as the Lender
may reasonably request from time to time in order to give full effect to this
Agreement and to secure the rights of the Lender hereunder.
(c) The use of any gender herein shall include all
genders. The singular shall include the plural and vice versa.
(d) The section titles contained in this Agreement are
and shall be without substantive meaning or content of any kind whatsoever.
XVII. Notices. All notices, demands and other
communications required or which may be given or served upon Pledgor or Lender
shall be given in the manner provided therefor in the Credit Agreement, except
if to Pledgor, at:
Ted Arison
Carnival Place
3655 N.W. 87th Avenue
Miami, Florida 33178-2428
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with a copy to:
Alan R. Twaits, Esq.
Legal Department
Carnival Place
3655 N.W. 87th Avenue
Miami, Florida 33178-2428
XVIII. Waiver of Jury Trial. UNLESS OTHERWISE REQUIRED BY
LAW, NEITHER THE PLEDGOR NOR THE LENDER SHALL SEEK A JURY TRIAL ON ANY LAWSUIT,
PROCEEDING, OR COUNTERCLAIM BASED UPON, OR ARISING OUT OF THIS GUARANTEE, OR
THE RELATIONSHIP BETWEEN THE PLEDGOR AND LENDER. IF THE SUBJECT MATTER OF ANY
SUCH LAWSUIT IS ONE IN WHICH THE WAIVER OF A JURY TRIAL IS PROHIBITED, NEITHER
THE PLEDGOR NOR LENDER SHALL PRESENT AS A COUNTERCLAIM IN SUCH A LAWSUIT, ANY
CLAIM ARISING OUT OF THIS GUARANTEE. FURTHERMORE, NEITHER THE PLEDGOR NOR
LENDER SHALL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN
WAIVED, WITH ANY SUCH ACTION IN WHICH A JURY TRIAL CANNOT BE WAIVED.
XIX. Governing Law. In all respects, including all
matters of construction, validity and performance, this Agreement and the
obligations arising hereunder shall be governed by, and construed in accordance
with, the laws of the State of Florida (exclusive of its choice-of-law
principles) applicable to contracts made and performed in such state, and any
applicable laws of the United States of America. Pledgor consents to personal
jurisdiction before the Circuit Court in and for Dade County, Florida and any
United States District Court sitting in Dade County, Florida. Pledgor waives
any objection which he may now or hereafter have to the laying of venue in Dade
County, Florida of any suit, action or proceeding arising out of or relating to
this Agreement or the obligations created hereunder and further waives any
claim that Dade County, Florida is not a convenient forum of any such suit,
action or proceeding. Service of process on Pledgor in any action arising out
of or relating to this Agreement shall be effective if mailed to Pledgor at
Carnival Place, 3655 N.W. 87th Avenue, Miami, Florida 33178-2428.
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IN WITNESS WHEREOF, the parties have entered into this Pledge
Agreement, as amended, as of November 10, 1993, and Pledgor's signature below
has been duly acknowledged by an authorized notary public.
BARNETT BANK OF SOUTH FLORIDA, N.A.
By __________________________
Name: Gene M. Schaefer
Title: Assistant Vice President
____________________________________
Ted Arison
STATE OF FLORIDA )
)ss.
COUNTY OF DADE )
The foregoing instrument was acknowledged before me this 10th
day of November, 1993, by TED ARISON, who is personally known by me and who
(did not) take an oath.
_______________________
NOTARY PUBLIC
Print Name _____________________
My commission expires:
